"OMG EARLY ADOPTERS GOT RICH!! I FOUND THIS TOO LATE!!! SCAM SCAM SCAM!!! "
Has there ever been another coin than bitcoin where early adopters actually got "rich"? I'm not talking about $100k profits that's not rich.
Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 1667. (Read 2509908 times)
February 26, 2014, 10:50:58 AM
Has there ever been another coin than bitcoin where early adopters actually got "rich"? I'm not talking about $100k profits that's not rich.
February 26, 2014, 10:50:14 AM
@scryptominers - Something up? Payouts look like they stopped for a little bit (can't tell how long).
February 26, 2014, 10:49:14 AM
This is bs. Not only you had to begin mine this coin at day 1, but all will be mined in first week. If you are not in it very early, you don't get shit. Why would I even bother to start mining this anymore? This is not what decentralized currency is supposed to be. This is fuckin pyramid scheme. Fuckin shitcoin!
^^^^^^^^^^^
Raging because he didn't get in the first day
Do you even know what a pyramid scheme is?
Same concept in mintcoin, hows that working out?
Read this topic: https://bitcointalksearch.org/topic/proof-of-stake-coins-are-killing-this-community-366142
February 26, 2014, 10:48:32 AM
Vote for BlackCoin on mintpal
https://www.mintpal.com/voting
https://www.mintpal.com/voting
February 26, 2014, 10:47:15 AM
How about a contest for a new logo? Or put up some bounties for development of games and services?
February 26, 2014, 10:46:27 AM
This is bs. Not only you had to begin mine this coin at day 1, but all will be mined in first week. If you are not in it very early, you don't get shit. Why would I even bother to start mining this anymore? This is not what decentralized currency is supposed to be. This is fuckin pyramid scheme. Fuckin shitcoin!
^^^^^^^^^^^
Raging because he didn't get in the first day
Do you even know what a pyramid scheme is?
"OMG EARLY ADOPTERS GOT RICH!! I FOUND THIS TOO LATE!!! SCAM SCAM SCAM!!! "
Tell the same to BTC owners that they scammed all.
Every man who missed train
will rage here.This coin doesn't have pemine !!!!
Free marker is here 0 scam so GTFO.
Noone force you to join the party.
Go cry on NXT forum they were in 100% premined lol and sell premined shares.
Look at 100 richest do you see difference ??
Most fair distribution i have ever seen so far guys.
Look at richest 50+ places have about ~50k of coins.
50k ~ 1BTC... Yea we are all wealth here now.
Biggest wallets belongs to pools and exchanges now...
This coin is more decentralized than BTC for sure and other...
You can join party or you can cry later it is up to you.
February 26, 2014, 10:42:39 AM
Damn guys, 20Gh/s! Going hard.
February 26, 2014, 10:38:32 AM
In a sense it's like pyramid scheme. Not literally, but works the same way. You must be very early adopter to get lot of coins. After PoW mining is done, those that have lot of coins get much more PoS interest than those that have less coins. Early adopters get more coins, more interest. It's only fair to those that are in the game very early. The whole consept is flawed. You can of course try to buy yourself in, but why bother?
It's like any other new coin where the difficulty sky rocketed shortly after it's launch.
The early miners took a chance on a new coin, and they will be rewarded if they are patient. They risked their mining hours on a new coin that nobody knew what the future would hold. They deserve to be rewarded for that.
Miners who jump in after a coin is proven to be valuable and exchangeable for BTC, will not make out as well as the early adopters as the risk is much lower now that the coin is selling at a BTC value. If the coin ended up being worthless, the early adopters would have wasted their hashing power and lost money. Try to look at it from this point of view.
Also, to what I highlighted in red above, the rates at which this coin is selling in large amounts is very low at the moment, imo. There are a large amount of miners who treat mining any coins purely as a business. They set what they expect their profit to be and that's where they sell their coins. They don't look further into the future than more than a few hours for the most part (that's not their business model).
That is the only reason these coins are still selling very cheap.
This coin is meant to be a POS coin, not POW. This is only the initial distribution, remember that. When POW stops, things will get very interesting.
My prediction is that we'll see a minimum of 5000 satoshis per coin in the days / weeks ahead.
February 26, 2014, 10:34:28 AM
As has been said a thousand times in this thread it is 1% nominal interest. That 1% can be compounded as much as every 8 hours. If you don't understand what compound interest means then go look it up. If you don't think that will be enough POS then don't bother, leave it to the people who actually understand.
I don't really understand it because of the randomness nature of it. Could you tell me if I have lets say 0.1% of the total coins i.e. 100k BC, and the PoS begins, how many am I expected to have after 10 days? 100 days? year?
Thanks!
look, after a years you can without any big problem use simple interests of 1%.
So, 100k*(1,01)=101k,something...
No, I dont' think that's what artiface said.
February 26, 2014, 10:24:10 AM
This is bs. Not only you had to begin mine this coin at day 1, but all will be mined in first week. If you are not in it very early, you don't get shit. Why would I even bother to start mining this anymore? This is not what decentralized currency is supposed to be. This is fuckin pyramid scheme. Fuckin shitcoin!
^^^^^^^^^^^
Raging because he didn't get in the first day
Do you even know what a pyramid scheme is?
Same concept in mintcoin, hows that working out?
Read this topic: https://bitcointalksearch.org/topic/proof-of-stake-coins-are-killing-this-community-366142
February 26, 2014, 10:23:52 AM
Every 8 hours have a 1% interest or carries interest of 1% per year?
February 26, 2014, 10:20:01 AM
This is bs. Not only you had to begin mine this coin at day 1, but all will be mined in first week. If you are not in it very early, you don't get shit. Why would I even bother to start mining this anymore? This is not what decentralized currency is supposed to be. This is fuckin pyramid scheme. Fuckin shitcoin!
^^^^^^^^^^^
Raging because he didn't get in the first day
Do you even know what a pyramid scheme is?
Same concept in mintcoin, hows that working out?
Read this topic: https://bitcointalksearch.org/topic/proof-of-stake-coins-are-killing-this-community-366142
February 26, 2014, 10:18:59 AM
This is bs. Not only you had to begin mine this coin at day 1, but all will be mined in first week. If you are not in it very early, you don't get shit. Why would I even bother to start mining this anymore? This is not what decentralized currency is supposed to be. This is fuckin pyramid scheme. Fuckin shitcoin!
^^^^^^^^^^^
Raging because he didn't get in the first day
Do you even know what a pyramid scheme is?
Its going for about 1250 sathoshi right now, you are mad because you came to the party late, but you are not. Go buy a few coins for that price and come back when we are on block 9000 and tell me you didn't double your money at least.
February 26, 2014, 10:10:03 AM
In a sense it's like pyramid scheme. Not literally, but works the same way. You must be very early adopter to get lot of coins. After PoW mining is done, those that have lot of coins get much more PoS interest than those that have less coins. Early adopters get more coins, more interest. It's only fair to those that are in the game very early. The whole consept is flawed. You can of course try to buy yourself in, but why bother?
Why bother mining it in the first place when you know the bigger players are going to have more coins than you ?
Why bother with any of these crypto's which are basically penny shares and are based off bitcoin value and nothing else ?
February 26, 2014, 10:09:19 AM
This is bs. Not only you had to begin mine this coin at day 1, but all will be mined in first week. If you are not in it very early, you don't get shit. Why would I even bother to start mining this anymore? This is not what decentralized currency is supposed to be. This is fuckin pyramid scheme. Fuckin shitcoin!
^^^^^^^^^^^
Raging because he didn't get in the first day
Do you even know what a pyramid scheme is?
Same concept in mintcoin, hows that working out?
February 26, 2014, 10:07:17 AM
This is bs. Not only you had to begin mine this coin at day 1, but all will be mined in first week. If you are not in it very early, you don't get shit. Why would I even bother to start mining this anymore? This is not what decentralized currency is supposed to be. This is fuckin pyramid scheme. Fuckin shitcoin!
^^^^^^^^^^^
Raging because he didn't get in the first day
Do you even know what a pyramid scheme is?
February 26, 2014, 10:02:25 AM
Diff keeps on rising to extraordinary levels. I am curious to see what this coin is going to turn out to.
February 26, 2014, 09:55:52 AM
As has been said a thousand times in this thread it is 1% nominal interest. That 1% can be compounded as much as every 8 hours. If you don't understand what compound interest means then go look it up. If you don't think that will be enough POS then don't bother, leave it to the people who actually understand.
I don't really understand it because of the randomness nature of it. Could you tell me if I have lets say 0.1% of the total coins i.e. 100k BC, and the PoS begins, how many am I expected to have after 10 days? 100 days? year?
Thanks!
look, after a years you can without any big problem use simple interests of 1%.
So, 100k*(1,01)=101k,something...
February 26, 2014, 09:54:07 AM
This is bs. Not only you had to begin mine this coin at day 1, but all will be mined in first week. If you are not in it very early, you don't get shit. Why would I even bother to start mining this anymore? This is not what decentralized currency is supposed to be. This is fuckin pyramid scheme. Fuckin shitcoin!
^^^^^^^^^^^
Raging because he didn't get in the first day
Do you even know what a pyramid scheme is?
"OMG EARLY ADOPTERS GOT RICH!! I FOUND THIS TOO LATE!!! SCAM SCAM SCAM!!! "
When celebrities like Wesley Snipes are kind enough to create a coin like this, u dont yell rude stuff. Simples
February 26, 2014, 09:53:02 AM
This is bs. Not only you had to begin mine this coin at day 1, but all will be mined in first week. If you are not in it very early, you don't get shit. Why would I even bother to start mining this anymore? This is not what decentralized currency is supposed to be. This is fuckin pyramid scheme. Fuckin shitcoin!
^^^^^^^^^^^
Raging because he didn't get in the first day
Do you even know what a pyramid scheme is?
"OMG EARLY ADOPTERS GOT RICH!! I FOUND THIS TOO LATE!!! SCAM SCAM SCAM!!! "
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