Do you really think that if you started a chain and people chose not to mine it (after you post the announcement and started mining)...is this a premine?
No, i don't think that.
Steem obviously wasnt considered valuable enough by many people. It is their fault and now they are jelly?
Well, they may be, but im not. I was just misinformed. Then again, if a (i like to think pretty smart) guy with a couple of advanced degrees gets the impression when hes looking into a potential investment that the coin was premined perhaps there might be a larger problem.
What makes a coin a "premine" is that others can mine at the same time you are. *Premine = you mine before you tell the world THEY CAN
I assume that you meant to say "others can't mine", but i see. This is what i assumed a premine was. My impression reading that thread (and another one on i think bitcointalk)was that this was the case: IE that the 80% was mined, then an announcement was made. I am glad to hear the real story.
incidentally, im not sure if its the same thread referenced by CG, but this is the thread where that led me to believe it was a premine.