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RE: Anonymous Altcoins On The Rise: What Are Bytecoin And Monero And What Makes Them Special?
Although bytecoin is the first anonymous coins, it seems that ithas a serious problem regarding premine, most coins are owned by the developers.
Yes, good point, I've read that too. Over 80% of the tokens are apparently pre-mined, which is pretty crazy. I think that's part of the reason why some people have lost faith in bytecoin and switched to monero instead
Yep most likely that means that current capital flight into byte is basically fighting on 20% of whole supply, which is why probably the price went up so quickly and so strong. If developers cash it out that could go down quickly, altough thats just a guess not that i know their intentions.