Topic: [ANN] GAS Coin is dead and this is how r3wt scammed us and destroyed the coin - page 2. (Read 2924 times)

its easy to cherry pick little parts of my message. one blaring omission from your less than word for word quote of my statement was that i used the premine to get some people to help me. i'm not gonna repeat my self any longer. the mods have access to the pm's, i'll let them settle it. enjoy life with your head up the ass of GasCoin and iGotSpots.

In his own words:  He admits he was told no premine AND intentionally 'misinterprets' it and performs his own premine.

He openly admits he accepted this job for .4BTC, then claims it wasn't worth it so he premined.  Why not negotiate a better fee?

I'm sorry, but this guy comes across as a liar, a thief as well as a scammer.  

dude, i did it to secure your network and ensure a good product was delivered.

Good to see you supporting your friends.

So you support a 100,000 premine when I specifically paid him not to premine? His logic: "You paid me not to premine for you, but never said I couldn't"

That's ok with you?

You paid him to create a coin. Coin needed a stable network for launch, He made that happen too. Did he deliver your coin? Yes? No scam here.

hi kr4x, hows it going? did you ever pay microguy and dayne back for all the coins you scammed them for? what about that other guy you scammed for 500k GLD did you ever pay him back?
I'm not paying you back the .4 btc, no matter how you cry and bitch and moan. also your statements contain various factual innacuracies. i got as close to your desired specs as i possibly could. you asked for 4 second block times, i gave you them. you asked for variable rewards, i adjusted the difficulty and added fees to the equation to make the block rewards more variable and closer to what you desired.

the problem is your coin cant get above 1 or 2 difficulty because it retargets approximatley every 20 seconds in block time. i explained this all to you prior to launch.

He's also already been removed as a mod from altcointalk as a scammer. Please tag this guy already

r3wt is a dedicated scammer, be aware!

More proof:

This is from GAS Coin's PM's, I have a bunch on my account, too. He asked me to post this for him here since he has a 6 minute wait between posts

here is a dump of the block rewards

Quote
int64 static GetBlockValue(int nHeight, int64 nFees)
{


    int64 nSubsidy = 8 * COIN;The Initial Subsidy of The Genesis Block
   
   int BlockCountA = 2;
   
   if(nHeight == BlockCountA) { nSubsidy = 100000 * COIN; } How much i mined for myself and the team who helped me set up the network split 4 ways, 25000 coins apiece. less than .15% of total coins
   
   else if(nHeight > 5 )
    {
        nSubsidy = .064 * COIN;block 5 to 50, .064 coins
    }
   else if(nHeight > 50 )
    {
        nSubsidy = 1.04 * COIN; block 51-100, 1.04 coins
    }
   else if(nHeight > 100 )
    {
        nSubsidy = 2.48 * COIN;block 101-500 2.48 coins
    }
   else if(nHeight == 500 )
    {
        nSubsidy = 6.4 * COIN; block 500 6.4 coins
    }
   else if(nHeight > 501 )
    {
        nSubsidy = 9.56 * COIN; block 502-1999 9.56 coins
    }
   else if(nHeight > 1999 )
    {
        nSubsidy = 8.32 * COIN; block 2000 - 5000 8.32 coins
    }
   else if(nHeight > 5000 )
    {
        nSubsidy = 6 * COIN; block 5001-10000 6 coins
    }
   else if(nHeight > 10000 )
    {
        nSubsidy = 7.064 * COIN; block 10001 to 20000 7.064 coins
    }
   else if(nHeight > 20000 )
    {
        nSubsidy = 2.096 * COIN; block 20001 to 23000 2.096 coins
    }
   else if(nHeight > 23000 )
    {
        nSubsidy = 4.064 * COIN; block 23001-50000 4.064 coins
    }
   else if(nHeight > 50000 )
    {
        nSubsidy = 3.064 * COIN; block 50001-51000 3.064 coins
    }
   else if(nHeight > 51000 )
    {
        nSubsidy = 7.064 * COIN; block 51002-55000, except for block 51001, 7.064 coins
    }
   else if(nHeight == 51001 )
    {
        nSubsidy = 7000.064 * COIN; milestone block 7000.064 coins
    }
   else if(nHeight > 55000 )
    {
        nSubsidy = 17.064 * COIN; block 55001 to 61000 17.064 coins
    }
   else if(nHeight > 61000 )
    {
        nSubsidy = 4.064 * COIN; block 61001 to 71000 4.064 coins
    }
   else if(nHeight > 71000 )
    {
        nSubsidy = 27.064 * COIN; block 710001-81000 27.064 coins
    }
   else if(nHeight > 81000 )
    {
        nSubsidy = 4.0347 * COIN; block 81000 and on 4.0347 coins
    }
   else nSubsidy = 8 * COIN;
   
    return nSubsidy + nFees;
}

static const int64 nTargetTimespan =  1 * 20; // GAS COIN: 5 block retarget
static const int64 nTargetSpacing = 1 * 4; // GAS COIN: 4 second blocks
static const int64 nInterval = nTargetTimespan / nTargetSpacing


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Quote from: BCB on July 17, 2013, 06:18:16 PM
This is bitcoin: Don't believe it until you see 6 confirmations!
r3wt
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THIS IS WHERE I ASKED HIM WHY THE FUCK HE SNUCK IN A PREMINE

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« Sent to: GAS Coin on: July 27, 2013, 12:10:43 AM »
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yeah, i did. its not a large enough premine to matter. no one will say shit about it, trust me. if worse comes to worse, just tell them i did it. you want some coins Smiley i've been mining the shit out of this coin. up to almost 50000 coins
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Quote from: BCB on July 17, 2013, 06:18:16 PM
This is bitcoin: Don't believe it until you see 6 confirmations!
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THIS IS WHERE I TOLD HIM IT WAS SHADY TO DO AND BULLSHIT TO RUIN MY REP FOR HIS OWN GAIN


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« Sent to: GAS Coin on: July 27, 2013, 12:26:15 AM »
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nothing shady about a premine if you put it to good use. you could have premined 2 million coins and no one would bitch. if you would have asked for apremine and made bounties, your coin would be half way to cryptsy by now. as it stands there is 14 m/h on the network. a solid coin launch, despite having Hydroponica trolling your thread and despite being dwarfed by the announcements of neocoin and curecoin coming today. nothing shady about mining 100,000 coins which is about .05% of 200 million. if you want to back out you can, but no one will agree with you that what i did was "shady".

your whole mindset makes me think that you should team up with Vlad to make a coin, since you both seem to have entirely unrealistic expectations. do you not understand how impossible it would be to combine a 5 block retarget with a minimum difficulty of 2 with a block value based on dDiff(the function that declares the current difficulty). we tried it on testnet(yeah, i had to hire testers, what am i supposed to split .4 btc four ways?) they wanted compensation and we took 25 k apiece. no shame in that.


I think you are being unreasonable crying over .05% premine. anyone who doesn't premine a coin is just afraid of standing up to the miners who want it all for themselves, or has a ton of hash(baritus, the dgc dev has over 200 m/h gpu farm, thats why he didn't premine.)
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BTC.sx - Leveraged Bitcoin Trading. Simply use Bitcoin to take advantage of a rising or falling Bitcoin price.
Quote from: BCB on July 17, 2013, 06:18:16 PM
This is bitcoin: Don't believe it until you see 6 confirmations!
r3wt
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« Sent to: GAS Coin on: July 27, 2013, 01:33:52 AM »
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Quote from: GAS Coin on July 27, 2013, 01:22:47 AM
And I agree premines are good for bounties, but who is going to pay them with it? I'm assuming not the 4 people with 25k each...so what good did that premine do except ruin the image we are trying to build here? If you guys plan on using it to help the coin, then I apologize and retract all statements about it.

But what I see is someone cashing the same check twice

cashing the same check twice? i think you must have misunderstood when i said noone works for free. yeah you paid me .4 btc, but it was up to me to figure it out and basically launch teh coin for you. i needed to entice a few miners to help me test on testnet. then i offered another guy to help me start the network when my powersupply went out on my server today. the premine won't ruin your image. the only people who will even care are a few trolls and greedy miners with alot of hashrate who want all the coins for themselves.

i can be your greatest asset or your weakest link? which do you want? to be clear thats not a threat, but i have no time to coddle your ego and manage your expectations. what i can do is build you a solid coin. what i can't do is listen to you bitch. i wouldn't have premined it if i didn't need to thats honest to god truth. you should have premined it as well from a bounty standpoint, because your userbase would be much larger and the chance of it reaching an exchange would be larger. i do like the niche that gas coin could fill, but if you aren't careful it will go the way of Barbecue coin and dissapear.

 you're slowly working your way towards the Vlad zone, which is the point where i bail.


-----------

There's a shitload more I can get you if you really want me to. And for the record, I'm not Vlad nor iGotSpots lol that's ridiculous. The only posts I have on your forums, too, is announcing GAS Coin and iGotSpots only announced Spots there, that's it. We got Spots on an exchange in 3 days with no premine. We don't need a premine to build a solid coin. He's trying to save face in the Gas coin thread now, but don't be fooled. He fucked us and will continue to fuck people as long as he is allowed to - Brady (GAS Coin)

Here's the deal.

This is not what we were trying to do. At all. The first client was fucked up, rewards weren't right, and there was a secret premine.

r3wt snuck in a 100k premine without saying a word until it was done and felt it was the right thing to do. I had already paid him in BTC. He obviously wanted to cash the same check twice and felt he deserved more.

Now it's a clusterfuck of retarded clients and trying to put bandaids on a gunshot. You release me a client that rewards blocks to 3 when the first piece of shit you sent me was rewarding .064 - What the fuck?

If we had only got what we asked (and paid) for the first time, we would not be in this mess.

The rewards are not what I paid you to do. The block times are not what I paid you to do. The retarget is not what I paid you to do.

r3wt, don't blame the parameters. You fucked it up, not the block times

Now is when you post some retarded excuse for fucking us and sneaking in a premine. What a piece of shit you are dude. Seriously. Thanks for fucking up one of our solid business plans and making us look stupid.

I expect you to return our BTC payment to: 1JXB7DHFP2Ye6ZLDAyUnBE3WctbwBnwVgF
 
Failure to do so will make it very clear that you are a scammer, low-life piece of shit that is finally getting the exposure he deserves.

I will now be part of the Spots team with iGotSpots. Thank god r3wt didn't touch that coin. Pfeff (iGotSpots) has big plans already in motion for Spots, so please do not let the incompetence of r3wt ruin your opinion of Spots, iGotSpots, or myself.

Sorry to those that wasted hashes, but you can thank r3wt for being a fucking scumbag

More information here: https://bitcointalksearch.org/topic/ann-gas-coin-is-dead-and-this-is-how-r3wt-scammed-us-and-destroyed-the-coin-263985