BitNote – Semi-Rare With 5.9% Premine

Usually we try to keep our articles as objective as possible. However, sometimes even we can’t let certain aspects slide.

Take BitNote for example : a new Scrypt coin, which calls itself “semi-rare”, with a maximum of 10 million coins.
So far, no issues or remarks really.

However, there is a 5.9% pre-mine. That right there pretty much destroys a coin when it launches. There is no way you can justify a near 6% pre-mine.

Even by saying “so many are for giveways, so many for for bounties, and the rest for developmental work”, people stopped caring when they saw the 5.9% I’m afraid.

Although there is a 0 mining difficulty at launch, there is no way people will take BitNote seriously. 

In case you do want to check it out, visit the official BitNote thread on BitcoinTalk.