So here is your BeamPrivacy shill linking Lopp on his beam/grin comments
https://bt.irlbtc.com/view/5052151.msg47105183#msg47105183Direct link to Lopps exact wording.
https://youtu.be/NDleBWrnRsk?t=1165Grin
as opposed to Beam is "Fair launched with no premine and no funny business".
Hey there. thanks for your pertinent question.
Investors did invest in Beam the same way Investors invested in Zcash. It's based on the treasury model Beam is following.
Treasury works in the following way: in the first five years of Beam existence, 20% of all mined coins automatically go to the Treasury. Our investors, the core team, our advisors and the non-profit Beam Foundation will be getting Beam coins from the Treasury on a quarterly basis.
OK so now I remember the massive 20% Dev tax (what they call an investor tax) goes to repay the funds they revieved before launch on a monthly basis (so basically they can only dump 20% of coins).
Its just a slower guaranteed premine of 20% thats wrapped in a nice sounding "Treasury" wording.
The bottom line is
20% of all coins can be dumped from the Launch team.
The same "Lipstick on a pig" as Zcrap.