Topic: [ANN] GAS Coin is now dead. r3wt snuck in a premine and scammed the community (Read 15884 times)

This thread is the best! iGotSpots and r3wt showing each other love. 

An oldie but a goodie rofl. 

I guess LTC should really be replaced with TBX.   A case might be able to be made for NMC and DVC as well.

Most of the batch of coins since this past April have gone backwards.

GoldCoins can be used to purchase all the above 

We are not a specific use currency.. and I suggest you check out our latest update.. we are leagues ahead of clones like this one now.

Because obviously fungibility of a currency is a stupid idea.  I mean it makes so much sense to have SexCoin for buying sex, and GameCoin for buying games, and Casino coin for buying Casino chips, and GoldCoin for buying Gold, and WeedCoin for buying Weed (I guess so you can ruin your neighbors lawn), and GasCoin for buying Gas.  A large single well supported currency for buying sex, porn, games, casino chips, gold, weed, gas, and countless other products and services?  Are you off your meds again?  That would almost be the start of an economy or something.  



 

Is there any reason you guys don't just use an existing coin, that already has an established userbase and secure network, to trade for gas cards?

Fixed I meant primecoin not powercoin.  So many stupid names nearly impossible to keep it straight.

you forgot primecoin

What do you think 90%+ of the launched coins are.  EXACTLY that.  Hell most of the time they don't even modify everything that needs to be modified.  They use the same alertkey as LTC, they don't change magic numbers so nodes running multiple blockchains end up confused spamming LTC blocks into xCoin network for example.  Hell in some coins they don't even change user facing strings so some error messages or confirmations will say "Litecoin".

To date there has been very little innovation in the alt-coin space:
LTC, PPC, Freicoin (I think it is a stupid idea but it is at least innovative), Powercoin Primecoin.  That is about it.  Everything else has been copy, replace, tweak, launch.

Now I am still not sold that these coins will be successful.  For example I don't think merchants really care which POW is used as long as the network is secure.  However all these coins required a little more work than copy, paste, tweak, and launch.

Sad thread is sad.

He's gone double-full-retard, Wtf...
This coin could have been a succes.

I gave it no thought, I was looking for something to mine and it was launching so I figured what better time to try it.  If you can't get in ahead of the bot nets, you only get dribbles.

Well yeah, did you think Gas Coin was something other than a quick copy job?

In all honesty, it needs a relaunch.  I stopped mining when the pool mined the same block 14 times in a row (with some ungodly 10billion coin reward listed) and I could no longer get the client to sync.

Yeah, it'd be great to reward all those that stuck with it and kept mining, but you'd then also have to reward the thieves that stole 100k by premining.

I know there are a lot of naive people in the world, but ~$40 to make a client and launch a coin?  I know the ONLY way I'd ask that little is if all I had to do was take the existing source code and then search and replace the names and maybe do 1 or 2 tweaks.  I ran an online game for several years and the programmers were paid over $4000 for the initial product.  An additional $3000 was spent updating it to AJAX to allow realtime viewing of movements instead of hitting the F5 key over and over.

Here's what should have happened:

Admin looks for programmer
Programmer quotes price
Admin accept price
Programmer realizes price quoted was too low
Programmer apologizes to Admin and asks to renegotiate fee
Admin either accepts or declines new fee
Programmer lives with decision.

What would GASCoin have said if you PM'd him and said "Dude, I need to hire testers, would an extra .2 BTC be acceptable?"
Answer: YOU DON'T KNOW because you didn't ask.

Maybe he would have paid, maybe he would have supplied his own testers, maybe.... maybe...maybe.
If this were the real world, and you had done work for a bank and used code to give yourself money and got caught, you'd be in jail.

Personally, I agree with coinerd.  All of this is dragging both sides down.  At this point everyone needs to walk away.

GASCoin: I hope you find a programmer and get back on track
r3wt: You've already said too much, walk away and don't come back.  I doubt Mother Theresa's backing would help your reputation now.

That's how the world works right?

So scamming is ok if you need the money?!

Vote on this +1

Ok there is premine, now we know about it, owners should take it back and give as bounties for pools and other things. Everybody will be fine with that.

Or simply ask some developer to relaunch coin

People who mined the coin through all problems and errors showed that they actually are interested in coin, and will be more gratefull if you relaunch or continue coin than if you simply throw it out. At least I would like for coin to continue.

WTF? Seriously, I've been mostly on the fence here as I like to be neutral, but this is one FUCKED UP answer.

I understand what you are saying and you are right, I can't fault it but I also think people do stupid things sometimes but for the right reasons or non malicious reasons. If you look back through the thread He openly admitted that he premined it and wanted to give some to the owners, I know that doesn't in any way make it right, it was messed up what he did. Should of just spoken to the guys paying and either asked for a realistic amount or persuaded them to do an open premine...

Can you honestly say that you have never made a mistake? Or never done anything really stupid?

I agree with you, he should give the money back! I think he should also make a public apology to the guys and do whatever he can to make it right. I just don't see why gas coin has to die just because of this? Surely there is some way for both parties to resolve the issue? I think the mod who was talking here has it right...