RE: Jumping Off The #stopthepowerdown Bandwagon
If you create a cryptocurrency, and you own all the coins, that coin is worthless. The coin doesn't have value unless people are using it, and because you own all the coins, no one is using it. This is how giving money away for free (airdrops/POB) is actually a profitable action.
Pre-mine is usually a fair event.
How is a Ninja-Mine worse than a Pre-Mine? In the ninja-mine, miners were at least given the chance to mine coins. In every ICO, 100% of the coins were premined and sold by the developers.
The logistics of the ninja-mine actually make us immune to ICO/IPO regulation, so that is kinda nice.
In the end, all that matters is trust, decentralization, and actual use as a means of expressing value.
That being said, I agree with most of what you are saying.
I don't see how this relates to anything that has been said so far.
Pre-mined, acquired before mining. It's an investor thing. If you have the budget to do so, you can seize this opportunity along with anyone else who meets the wealth requirement.
This is crap. It's coins that aren't even supposed to exist, usually given to someone in a very illegitimate way. Simply put, it's abuse. They cause nothing but devaluation. The fact they exist or have existed at some point spells out developer bullshit.