A large number of cryptocurrencies over the years have launched with pre-mined tokens that rewarded developers, founders, investors, and other insiders. Do you believe that pre-mines are acceptable when launching a cryptocurrency?
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By the way, don’t forget to check out my article from yesterday on the topic above!
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Weekly Poll: Do you support pre-mines?
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A large number of cryptocurrencies over the years have launched with pre-mined tokens that rewarded developers, founders, investors, and other insiders. Do you believe that pre-mines are acceptable when launching a cryptocurrency?
By the way, don’t forget to check out my article from yesterday on the topic above!
Letter #210: $ALGO - Pre-Mines And Decentralization Don’t Mix
Dear Readers, In last Friday’s article, we discussed at length a number of factors that make the claimed “decentralization” of the Algorand blockchain little more than a pipe dream. The reality is though that the Algorand Foundation rules over the blockchain, even after public actions that were carried out with the professed intent of making Algorand decentralized.