Topic: [ANN] [888] [SCRYPT] OctoCoin ◦ The Power of Eight ◦ Don't Blink - page 55. (Read 297708 times)

its not crypto in general its just this coin. I chose how much I was prepared to gamble, and I will keep them down to zero. what I mean is how much do you actually know about the team? How much do you know their plans? add to the fact that that they haven't been able to keep their own deadlines on more then one occasion.  I think you would have to be nieve in the current state of affairs to keep saying it going to be a winner. I mean look at bholzers last post, missed two teleconference calls and even he who has been on the some of the conference calls with fusion hash doesn't really know who they are or what their plans are

bit like god, elusive and never comes through for you  (censored version)

There's only a few alts and Bitcoin 2.0 platforms that I truly believe in and sometimes it's hard to keep faith even in those. When I start to doubt crypto in general because of the risk, maturity level and negatives you have to deal with, I always ask myself: How would I have been 6 months - 1 year into Bitcoin. Those early days must have been rough for most. I try to keep that perspective on many of the alts and Bitcoin 2.0 platforms. For many, this is just the beginning. Hell, for Bitcoin this is just the beginning.

Basically I have given up trying to guess what they are doing, until something tangible comes out my gamble is a loser, but hope it changes to  a winner in the not too distant future 

not to be confused with....

https://www.kabam.com/games/angel-alliance

lol

http://www.bizjournals.com/seattle/blog/techflash/2014/03/seattles-alliance-of-angels-an-angel-among-angels.html?page=all

Seattle's Alliance of Angels an angel among angels, one of largest investors in U.S.

The most active angel groups in order of activity are:
1. Golden Seeds, based in California, Massachusetts and New York.
2. Tech Coast Angels, based in Southern California
3. Houston Angel Network, based in Houston, Texas
4. Central Texas Angel Network, based in Austin, Texas
5. Sand Hill Angels, based in Sunnyvale, Calif.
6. Launchpad Venture Group, based in Boston, Mass.
7. New York Angels, based in New York City.
8. Desert Angels, based in Tucson, Ariz.
9. Investors’ Circle, a national group.
10. Alliance of Angels, based in Seattle.

It never hurts to have fans

Soooooo, here's a crazy conspiracy theory...

A bunch of Angel investors sees some good money being made in crypto-currency, spots an opportunity to make a fast "buck" by buying a shit load of GPU's and setting up an industrial scale commercial mining farm.  Back in April when this all started there were very few of these around and what there was would have been smaller scale and/or largely SHA-256 focused.  There's money to be made in Scrypt where there's a massive explosion in Litecoin cloned shitcoins and ASICs won't be around for months yet (oh, the benefit of hindsight).

The Angel investors set up a mining pool to gain some community trust and credibiity before they start renting out their hash power.  They create a coin (or maybe more?) which they can hype and pump and create demand for hashes.  They even dream up some use cases and utility for it, after all, they're going to make so much money they'll be able to invest some in projects for their coin that will make them even more.

fast forward a few weeks, those pesky Chinese have gone and cracked Scrypt ASIC's, the bottom starts to fall out of the market for Scrypt mining with GPU's as the returns no longer justify the running costs, bang goes the hash rental business.  We have already heard something about this which lends credibility to at least this part of the crazy conspiracy theory.

The investment made by the Angel Investors is never going to yield a return and consequently there are no funds to develop their coin ideas and market them, development continues (we hope) but at a much much slower pace.

Told you it was crazy

Sorry guys, excuse my cynicism at this juncture but unless there's a dramatic turnaround pretty damn soon then we're flogging a dead horse here.  If I turn out to be wrong on that then I'll be happy to come to Vegas, wear an Octo-Pussy t-shirt and hang my head in shame.

I wonder if they'll ask me to remove it?

Sorry, didn't mean to imply any shenanigans on your part, just that it's becoming apparent that there's a lot more to whoever is behind this coin and a lot more more going on behind the scenes than has ever been discussed in this forum.  I still find it curious that FusionHash and Octocoin have been sharing infrastructure, or at least an IP address for a long time but both parties have always maintained the illusion(?) of a less incestuous relationship. 

The quiet in here is fueling my paranoia / crazy conspiracy theories.  I am genuinely trying to figure out whether all of this is good or bad and if a conspiracy theory were to prompt a transparent admission/denial/reaction from the devs letting us know where we all stand then that would be ideal

FYI, I was asked by one of the OctoCoin devs to delete that post (which is why I deleted it at the time shortly after making it). No explanation as to why... but of course I complied.

Thought I'd heard that name before, courtesy of bitcointa.lk (which keeps deleted posts)...

Does anyone know if this account was set up by the devs?

https://twitter.com/OctoEuro

Edit: Just noticed it says that it's a Fan Community. Gah. Not progress.

http://www.allianceofangels.com/

... we believe in our entrepreneurs. interesting.

Halo top 10 active angel group? hmmm

http://www.crunchbase.com/organization/alliance-of-angels

http://www.angelresourceinstitute.org/halo-report/

The 888 devs have missed our last two calls with FusionHash... which was slightly concerning... but I just got word that they will be acquiring FusionHash and all of their assets this month for an undisclosed sum. Not sure what that will mean for the in-development Murraycoin Scrypt multipool (not that most of you are concerned about that) but I'm assuming that's good news for their proposed hash rental services as well as the Scrypt-N/X11/X13 GPU OctoCoin pool. Also, the OctoCoin crew appears to be operating under the business name "Alliance of Angels" based on the acquisition paperwork - I'm planning to dig into that a bit more to see if it answers any lingering questions as this is the first time I've seen that business name. Interesting times...

Edit: as anybody who has Googled "Alliance of Angels" has surely realized by now, this is an Angel group in Seattle (which I am aware of and simply didn't make the connection when I glanced at the paperwork today). It's possible this group, whom I believe are invested in OctoCoin, are the ones acquiring FusionHash (and not the OctoCoin team themselves). I have a lot going on and I guess I was under the impression "OctoCoin" was acquiring FusionHash and not just OctoCoin investors. Not that any of this is insanely important at this stage... but I don't want to be spreading incorrect information.

you guys are killing me today! i needed the laughs lol... long live 888!

https://twitter.com/PaulCryptopus hes alive!

Yes, he was waiting on a response from the Devs. LOL. Kidding.

awwwww 

Didn't he die a couple of years ago?