Oh just found that bitbar was trading 1bitbar = 20 bitcoins in May
untill people started talking that there is quite big premine
Yeah it was insanely high.
BTB also had pools stealing coins if I remember correctly, and there was like only 1 pool available.
Yes it is in the code (max money).
There was no premine in BTB, the difficulty just started out way to low which led to many BTB (almost 2K of the 4.3K outstanding) being mined the first few days. This is why the price plummeted on the exchange as people went to unload their large mining score of the rare coin. Only the first few sellers made a lot since the price dropped off quickly and the low diff glut of BTB can be had cheaply now. This will work itself out as time goes on since it was a small percentage of the total BTB (0.4%). I like most of the POS coins that have come out so far and DMD also seems to be well made.
I don't want to offend or anything, I like BTB at this point (yes I have them too), but let's be fair:
- There was 60 block premine by one of testers and coin creator admitted it, those 60 coins were sold for more than 1 BTC, later they were bought back and given to first exchange.
