110K premined NVC is successfully destroyed ! - page 2.

neotrix

sr. member

Activity: 428

Merit: 250

Quote from: crazy_rabbit on February 15, 2013, 06:27:37 AM

Quote from: Balthazar on February 15, 2013, 06:04:45 AM

Quote from: DarkHyudrA on February 15, 2013, 05:28:33 AM

This is the first part of the history.
[sume funny stuff skipped]

Maybe I also had to write a letter for Putin, or Obama? I lol'd. Grin

Okay, enough ... Because I am simply dying of laughter. See you later, have a nice day.

I don't think anyone else is laughing. Not the people with coins stuck on BTC-E and not the people who are losing their faith in BTC-E, and not the people (mostly newbies) who will probably be left holding useless NVC.

While everyone might be getting their facts wrong, the reason people aren't laughing is that someone did premine at least 110K Coins, and as far as I can tell no one has said why. Of course people put two and two together.

I don't think anyone else is laughing, unless someone can explain otherwise: the massive buy orders, the price above LTC, the immediate trading of NVC on BTC-E.

What was the point of pre-mining 110K NVC? The last time I checked the price for NVC was .0042, or 426 BTC, or over twelve thousand dollars. Where was that 12 thousand dollars supposed to come from? Obviously from other users on BTC-E.

And it was created out of thin air.

So, I'm not laughing. I've stayed mostly on the sidelines for this one, I'd just like to see TRC and PPC on the exchange. Understand please that it's not the facts that need to be argued, it's the INTENT which concerns me the most.

+ 1

crazy_rabbit

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Activity: 1204

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: Balthazar on February 15, 2013, 06:04:45 AM

Quote from: DarkHyudrA on February 15, 2013, 05:28:33 AM

This is the first part of the history.
[sume funny stuff skipped]

Maybe I also had to write a letter for Putin, or Obama? I lol'd. Grin

Okay, enough ... Because I am simply dying of laughter. See you later, have a nice day.

I don't think anyone else is laughing. Not the people with coins stuck on BTC-E and not the people who are losing their faith in BTC-E, and not the people (mostly newbies) who will probably be left holding useless NVC.

While everyone might be getting their facts wrong, the reason people aren't laughing is that someone did premine at least 110K Coins, and as far as I can tell no one has said why. Of course people put two and two together.

I don't think anyone else is laughing, unless someone can explain otherwise: the massive buy orders, the price above LTC, the immediate trading of NVC on BTC-E.

What was the point of pre-mining 110K NVC? The last time I checked the price for NVC was .0042, or 426 BTC, or over twelve thousand dollars. Where was that 12 thousand dollars supposed to come from? Obviously from other users on BTC-E.

And it was created out of thin air.

So, I'm not laughing. I've stayed mostly on the sidelines for this one, I'd just like to see TRC and PPC on the exchange. Understand please that it's not the facts that need to be argued, it's the INTENT which concerns me the most.

Balthazar

legendary

Activity: 3108

Merit: 1359

Quote from: DarkHyudrA on February 15, 2013, 05:28:33 AM

This is the first part of the history.
[sume funny stuff skipped]

Maybe I also had to write a letter for Putin, or Obama? I lol'd. Grin

Okay, enough ... Because I am simply dying of laugh. See you later, have a nice day.

Balthazar

legendary

Activity: 3108

Merit: 1359

Quote from: AndyRossy on February 15, 2013, 04:34:09 AM

Quote from: Balthazar on February 15, 2013, 04:12:50 AM

Quote from: crazy_rabbit on February 15, 2013, 03:56:24 AM

As an honest question- what was the point behind creating NVC in the first place? ???What was the inspiration/reason?

I like Proof of Stake/Proof of Work hybrid design, and I want support this idea by alternative implementation. It was only reason to create this project. There is nothing to hide.

Then why premine _at least_ 110k?

OK, take a closer look to this line again

Quote

SetBestChain: new best=00000057afbb57c222aa height=732 trust=733 moneysupply=65709.16

Are there any problem with Arabic numbers understanding? Where did you find out this 110/200/rand()k sums? Repeating the same joke more than three times is not funny.

I mined this coins + ~35k for the stake, and given it to exchange as of a guarantee that I'll not dump it. So, there are not only pre-mined coins destroyed, my normally mined coins destroyed too. I have nothing else to say.

DarkHyudrA

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Activity: 1386

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English <-> Portuguese translations

Quote from: AndyRossy on February 15, 2013, 04:34:09 AM

Quote from: Balthazar on February 15, 2013, 04:12:50 AM

Quote from: crazy_rabbit on February 15, 2013, 03:56:24 AM

As an honest question- what was the point behind creating NVC in the first place? ???What was the inspiration/reason?

I like Proof of Stake/Proof of Work hybrid design, and I want support this idea by alternative implementation. It was only reason to create this project. There is nothing to hide.

Then why premine _at least_ 110k?

This is the first part of the history.
Pre-mined coins + Starter Official Release was in Russian on a Russian forum, other people are saying + There was no official annoucement for the coin here.

AndyRossy

sr. member

Activity: 448

Merit: 250

Quote from: Balthazar on February 15, 2013, 04:12:50 AM

Quote from: crazy_rabbit on February 15, 2013, 03:56:24 AM

As an honest question- what was the point behind creating NVC in the first place? ???What was the inspiration/reason?

I like Proof of Stake/Proof of Work hybrid design, and I want support this idea by alternative implementation. It was only reason to create this project. There is nothing to hide.

Then why premine _at least_ 110k?

Balthazar

legendary

Activity: 3108

Merit: 1359

Quote from: crazy_rabbit on February 15, 2013, 03:56:24 AM

As an honest question- what was the point behind creating NVC in the first place? ???What was the inspiration/reason?

I like Proof of Stake/Proof of Work hybrid design, and I want support this idea by alternative implementation. It was only reason to create this project. There is nothing to hide.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

As an honest question- what was the point behind creating NVC in the first place? What was the inspiration/reason?

Balthazar

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Activity: 3108

Merit: 1359

Quote from: 🏰 TradeFortress 🏰 on February 15, 2013, 02:56:10 AM

Because there were around 200k premined coins. Stop spreading FUD for NovaScam.

You are free to believe in anything what you want, but you have nothing against facts.

Quote

received block 00000057afbb57c222aa
2013-02-10 07:16:09 UTC Flushing wallet.dat
Flushed wallet.dat 324ms
SetBestChain: new best=00000057afbb57c222aa height=732 trust=733 moneysupply=65709.16
ProcessBlock: ACCEPTED

Quote

$ /opt/novacoin/novacoind getblockhash 732
00000057afbb57c222aa11788d925c5a8c977e5ebeb619a788a1f82a83954add
$ /opt/novacoin/novacoind getblock 00000057afbb57c222aa11788d925c5a8c977e5ebeb619a788a1f82a83954add
{
   "hash" : "00000057afbb57c222aa11788d925c5a8c977e5ebeb619a788a1f82a83954add",
   "size" : 263,
   "height" : 732,
   "version" : 2,
   "merkleroot" : "62f8166599d61b69113d0a7f6d2bfbb8496897d3a5a8aa33ffb9f0b565924ed9",
   "time" : "2013-02-09 23:36:29 UTC",
   "nonce" : 876551168,
   "bits" : "1e04182e",
   "difficulty" : 0.00095402,
   "mint" : 79.68000000,
   "previousblockhash" : "000001ebf1eb9cae85d73d25434d8b15a677131ac451513a94d3f39a5b248d58",
   "nextblockhash" : "000002c3a935ce8960a78a6f491ed9059029bd918a023ae672353f97d066dc74",
   "tx" : [
   "62f8166599d61b69113d0a7f6d2bfbb8496897d3a5a8aa33ffb9f0b565924ed9"
   ]
}
$

https://github.com/CryptoManiac/novacoin/commits/master

Quote

Feb 09, 2013

Initial commit of NovaCoin changes

So, now you are able to stop spreading ridiculous lie.

Nothing personal, but you chose the wrong way. The intelligent person always able to admit their own mistakes.

Balthazar

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Activity: 3108

Merit: 1359

Quote from: laughingbear on February 15, 2013, 02:51:45 AM

Quote from: Balthazar on February 15, 2013, 02:47:32 AM

Quote from: neotrix on February 15, 2013, 01:14:39 AM

But if you don't care, you are free to post random numbers without explanations and proofs. Cheesy

Show me how I can confirm the coins have been destroyed, I can not figure out how to look this up

It was sent to address with invalid public key. Follow the instructions in the first message, and you will get the same address. Which will be proof of destruction.

If someone can't figure it out, he should try. Wink

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

Quote from: Balthazar on February 15, 2013, 02:47:32 AM

Quote from: neotrix on February 15, 2013, 01:14:39 AM

No around 200 k...and missing 90k. They understand if they dont destroy the no hided premine (110k)...the coin will died due so much trolling (In fact just real questions but called trolling...).
So you delete 110 k keep 90k who even take bigger value cause less coins in circulation...Does I'm alone to see the smart move for them ?

As I said in btc-e chat to balthazar I have to admit the scam is nicely organised and this move make it much better again for them...

Where did you get this value? Why not 2000001 or 194999.98?

It was released on Feb 09, 2013 at ~ 1:00 AM GMT+4. Moneysupply for this date is pretty easy to calculate, there were less than 65k coins at release. Additional amount was mined after release simultaneously with other miners, but we also destroyed it, as a gesture of fair. Instead of trolling, you have to admit that you were wrong, and apologize. If you care about your reputation, of course.

But if you don't care, you are free to post random numbers without explanations and proofs. Cheesy

Because there were around 200k premined coins. Stop spreading FUD for NovaScam.

laughingbear

hero member

Activity: 622

Merit: 500

www.cryptobetfair.com

Quote from: Balthazar on February 15, 2013, 02:47:32 AM

Quote from: neotrix on February 15, 2013, 01:14:39 AM

But if you don't care, you are free to post random numbers without explanations and proofs. Cheesy

Show me how I can confirm the coins have been destroyed, I can not figure out how to look this up

Balthazar

legendary

Activity: 3108

Merit: 1359

Quote from: neotrix on February 15, 2013, 01:14:39 AM

No around 200 k...and missing 90k. They understand if they dont destroy the no hided premine (110k)...the coin will died due so much trolling (In fact just real questions but called trolling...).
So you delete 110 k keep 90k who even take bigger value cause less coins in circulation...Does I'm alone to see the smart move for them ?

As I said in btc-e chat to balthazar I have to admit the scam is nicely organised and this move make it much better again for them...

Where did you get this value? Why not 2000001 or 194999.98?

It was released on Feb 09, 2013 at ~ 1:00 AM GMT+4. Moneysupply for this date is pretty easy to calculate, there were less than 65k coins at release. Additional amount was mined after release simultaneously with other miners, but we also destroyed it, as a gesture of fair. Instead of trolling, you have to admit that you were wrong, and apologize. If you care about your reputation, of course.

But if you don't care, you are free to post random numbers without explanations and proofs. Cheesy

crazy_rabbit

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Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: neotrix on February 15, 2013, 01:14:39 AM

Quote from: laughingbear on February 14, 2013, 07:25:10 PM

This is only a small step in the right direction. You are still scammers.

If I bribe, and steal $16,000 from a financial exchange in the real world, I dont get to just destroy the money when I get caught and the police will let me go.

You got caught so you destroy it, that doesnt make you trustworthy now

Agreed

Quote from: AndyRossy on February 14, 2013, 07:10:03 PM

Only 110k was "premined"?

No around 200 k...and missing 90k. They understand if they dont destroy the no hided premine (110k)...the coin will died due so much trolling (In fact just real questions but called trolling...).
So you delete 110 k keep 90k who even take bigger value cause less coins in circulation...Does I'm alone to see the smart move for them ?

As I said in btc-e chat to balthazar I have to admit the scam is nicely organised and this move make it much better again for them...

So there are still 90K in premined coins, that now due to having destroyed the 110K, are now even more valuable?

🏰 TradeFortress 🏰

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Activity: 1316

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Yes, the coins are destroyed.

laughingbear

hero member

Activity: 622

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www.cryptobetfair.com

can the coin descruction be proved?

hanzac

sr. member

Activity: 425

Merit: 262

Actually, I don't like this act of destroying the coins. Why not using these coins to do frequent transactions and paid as transaction fees. So the current miners can benefit as rewards.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Will you please consider supporting TRC and PPC on the site? While it won't earn everyones trust back, it will certainly help for some to see a more fair support of other alt-Coins as well.

sublime5447

legendary

Activity: 966

Merit: 1000

My question isn't about the NVC BS(looks like a crap coin to me). I just want to know when the site will be back up and where are my funds? (not much money) but fuck this is the first time I have transferred and I cant access the site. Doesn't make me feel to good about transferring larger amount in the future. Not to mention the site looks like 1980's qbasic. This shit is so annoying. How many fucking payment accounts do I have to open to get some BTC? Mt.gox, dwolla, okpay,liqpay,btc-e, coinbase, have all of these fucking accounts and still no coins!

neotrix

sr. member

Activity: 428

Merit: 250

Quote from: laughingbear on February 14, 2013, 07:25:10 PM

This is only a small step in the right direction. You are still scammers.

If I bribe, and steal $16,000 from a financial exchange in the real world, I dont get to just destroy the money when I get caught and the police will let me go.

You got caught so you destroy it, that doesnt make you trustworthy now

Agreed

Quote from: AndyRossy on February 14, 2013, 07:10:03 PM

Only 110k was "premined"?

No around 200 k...and missing 90k. They understand if they dont destroy the no hided premine (110k)...the coin will died due so much trolling (In fact just real questions but called trolling...).
So you delete 110 k keep 90k who even take bigger value cause less coins in circulation...Does I'm alone to see the smart move for them ?

As I said in btc-e chat to balthazar I have to admit the scam is nicely organised and this move make it much better again for them...

Topic: 110K premined NVC is successfully destroyed ! - page 2. (Read 83749 times)