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RE: Quantitative Analysis of Staking Times in Gridcoin V8 - Live at Block 1010000 with v3.6.0.2
Because of V8 and the fact that voting is also heavily favouring investors Gridcoin more and more changes from the coin that benefits humanity to another coin that only benefits preminers, early adopters and investors.
What are these preminers?
Some coins are mined by the creators at the very start, when there is no competition, before they are properly released. This way, the creators get a large, uncontested stake in the coin. It is generally frowned upon, especially when it is not properly disclosed.
Gridcoin was not premined.
Correct. It was not premined, I was there.
No idea why Kuradikurat downvoted you to hide your comment... Have a boost - you're telling the truth.
Ha ha I hadn't even noticed, thanks @dutch
There was no premine in Gridcoin & Gridcoin has been out for 4 years at this point, anyone could have invested at very low levels for years.
Besides, you're being overly dramatic - the changes are required for short term immediate security needs - there are improvements proposed which directly benefit POR users, this isn't some kind of attack on BOINC users.