RE: To all of the morons (@dwinblood, @elfspice, etc.) that keep referencing a Steem premine...

[followbtcnews]

"Pre-Mined" coins in the crypto niche are referenced to coins that usually developers mine on the FIRST block for themselves then release for others to mine after the first block or "genesis" block.. I know,I have been involved in many many coins that I have mined. So in this case this coin "Steem" was NOT "pre-mined"

Also below are more references from Ned and other's involved at launch

https://steemit.com/steem/@cryptogee/introducing-steem-the-first-anarchy-mined-coin#@ned/re-cryptogee-introducing-steem-the-first-anarchy-mined-coin-20160812t194857723z

Also ,written by 'bytemaster" on BCT

"1. Steem is not a pre-mine because we did no mining before the code was public and anyone could participate

1. Steem is not an insta-mine because mining occurred at a fixed rate for a full month before VESTING kicked in, "

https://bitcointalk.org/index.php?topic=1466593.msg14812610#msg14812610

Comments

[gonzo]

Ninja-Mine.@ned gave an interview where he said he wanted to premine Steem, but it wasn't in his best interests so he settled for a

I'm still not quite sure if that makes a difference to the average user, because by the way he described it, he made it sound like some sort of legal loophole.

[hassanabid]

you won buddy you won :D all the commments :D

[adviser]

thanks for your information.i follow you. i am waiting for your next post.

[zeartul]

Love the response.