That's correct. No mining, no staking, no set plan of distribution. Just boom 100 billion coins now exist and are being distributed to their friends however they like. Then they sell those coins to "normal" people.
Nope you can't mine it but most new crypto users don't even know what mining is, or the importance of decentralisation. It's outrageous to even compare it to crypto-currencies. It's more like a fiat currency but without any checks or balances. If you thought the federal reserve was bad...
That's correct. No mining, no staking, no set plan of distribution. Just boom 100 billion coins now exist and are being distributed to their friends however they like. Then they sell those coins to "normal" people.
Nope you can't mine it but most new crypto users don't even know what mining is, or the importance of decentralisation. It's outrageous to even compare it to crypto-currencies. It's more like a fiat currency but without any checks or balances. If you thought the federal reserve was bad...