Topic: [ANN] [FIRE] - Firecoin - NEW DEV- PoS 1%- 97K Max+ Thread Moved - page 5. (Read 29079 times)

Look at my previous posts.  Some have been deleted due to self moderating threads. The guy has tells, I have an eye for detail.  Also, noticed how active he was before his coin gets listed on an exchange and once it's listed, he's nowhere to be found after he dumps them.  He's done this with every single coin he created. Hypes it up and dumps it.  He's also horrible at math. The guy has been wrong with the total amount of coins on all of his coins, even this one.  Pretty sure he sat next to the Asian kid in math class to get by high school.  lol

Just curious how do you guys know this? Not saying you are not right.

It's the work of this guy.  https://www.facebook.com/carsen.klock  Guess, he didn't land the $6000/month graphic design job so he's going get it by launching a bunch of pump and dump coins. 

Should be possible, not sure if it's needed though.  It would be fun to try to make random 100% blocks so that over a year it's like 10%...  seems like a lot of work for not much reward though.


Probably noticed the source code fork...  Nothing here of course, just twitter...

At least the "dev" is good at speech.

Looking at the code, it is based on the changes I proposed in TECH, so I am even more certain it is the same person.

Same exact formula, first two blocks are the premine, and PoS starts the second PoW ends.  Formula for a scamtastic failure.

I posted this and it got deleted, so probably...

you can, you know ignore every coin with newbie dev, as long as miner will mine it, newbie dev will produce more shit

Forked but I have not submitted a pull request to the "dev" yet.

This is a big change to the fundamental ideas behind the coin...

I say we bump the PoS reward to 10% so there is at least SOME incentive to stake, drop PoW reward on the floor and keep it going long-term.  I tried keeping with the original ideas of TECHcoin when forking, but the original ideas were the failure point, as it seems this coin has them too.  I know the coin total will grow a lot faster than originally proposed, but it should stabilize the usability, and therefore is a reasonable trade off.  Best to do it all in one shot so there aren't a series of updates.

What I propose (let me know if these changes are correct for what I want it to do please)

https://github.com/edn247/Firecoin/compare/patch-1

Change base PoW reward to 0.05 coins from 5 coins:
967  -    int64_t nSubsidy = 5 * COIN;
967  +    int64_t nSubsidy = 0.05 * COIN;

Change last PoW block from 4k to 400M:
29  -static const int LAST_POW_BLOCK = 4000;
29  +static const int LAST_POW_BLOCK = 400000000;

Change PoS reward to 10%
 (thinking having this reduce over time may be wise, will work on figuring how to make that work
 [first attempt: after a year /10, so back to 1%]
https://github.com/edn247/Firecoin/commit/de5a340bca2233f45ca6f26f222007b0ba69cb4a)

39  -static const int64_t COIN_YEAR_REWARD = 1 * CENT; // 1% per year
40  -static const int64_t MAX_MINT_PROOF_OF_STAKE = 0.01 * COIN;   // 1% annual interest
39  +static const int64_t COIN_YEAR_REWARD = 10 * CENT; // 10% per year
40  +static const int64_t MAX_MINT_PROOF_OF_STAKE = 0.1 * COIN;   // 10% annual interest

Thoughts on these and any other changes you think would help this coin are appreciated.  Let's make this a community effort and discuss!

Just hypes

You can look through the post history of the "authors". The writing styles are very similar!   

I call these scam coins promise coins. Yeah, we'll put that feature in later after we dump on you

So they are one dev?

I think the firecoin whitepaper that was suppose to be released yesterday was used for isiscoin.  lol

http://www.isiscoin.info/Isiscoin-Whitepaper.pdf

Check out these two pages, do they look similar or what?

https://github.com/isiscoin/Isiscoin/blob/master/README.md

https://github.com/firecoinx/Firecoin/blob/master/README.md


EDIT: Make that 4 pages.

https://github.com/techcoinproject/Techcoin/blob/master/README.md
https://github.com/unknown208/Nebulacoin/blob/master/README.md

PoW/PoS Coin (Proof of work then Proof of stake)

Shit! If he did move there.

Come on, BCT should have showed an IP address on each user post.

+1

I vote for a drastic fork.  I'll try to sort this mess out, to the best of my skills.

Pretty sure your dev has moved onto here:  https://bitcointalksearch.org/topic/ann-isiscoin-isis-x15-powpos-14-pos-interest-tor-whitepaper-73-675509

One thing that devs need to learn: They need to actively comment on their own threads if they want their coin to gain satoshis. Devs tend to dump it too early. They would make triple even 10X if they stay active in the thread.

The dev has not add bittrex to op yet after more than a day.No hope.Just another piece of Chinese shitcoin.I'm out

The dev has not add bittrex to op yet after more than a day.No hope.Just another piece of Chinese shitcoin.I'm out!