[ANN] Levelcoin - Proof of Stake / Proof of Burn Hybrid - Inflation Immune - page 16.

Level Coin

newbie

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Quote from: pandaisftw on January 28, 2014, 05:31:32 AM

I'm confused, why are you moving bitcoins to personalized wallets? I thought these bitcoins were being used for development purposes? Shouldn't you be providing them a link to their levelcoin wallet?

They are being used for development. The reason they are being separated is threefold. First there have been many unconfirmed transactions leading to wasted time trying to resolve who sent what where and if it cleared. Second, a couple of founders asked me to hold their funds in case they decided to pull out from the fundraiser, in which case I can just give them the wallet. Third, a few founders add to their funds daily, by splitting the wallets everyone is safer from human error (adding funds to the wrong person, etc). My math isn't the best. I'm not as young as I used to be, security is of utmost importance, especially when handling money.

pandaisftw

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Activity: 224

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Quote from: Level Coin on January 28, 2014, 01:52:59 AM

All founder funds were moved into their own separate wallets.
This was to combat a long string of transactions that had failed to confirm.
The user who invested 2 BTC has received a refund of 1 BTC from his personal wallet and I am sure he can vouch.
On release, founders will be receiving a link to their personalized wallet via e-mail.
There will be a period of two weeks in which direct founders will get access to the main net before anyone else.
This is to reward early investors for taking the risk. The Kickstarter page has been completed and submitted for their review.
I have had little time to code these past few days between this project and real life work and family.
I still need help with a GUI, it is likely that I will need to release with the current command line client, but it works just as good.
There are four days left to buy in for anyone that wants to participate in the two week closed "beta", which is what I will be calling it.

I'm confused, why are you moving bitcoins to personalized wallets? I thought these bitcoins were being used for development purposes? Shouldn't you be providing them a link to their levelcoin wallet?

Also:

Quote from: td services on January 28, 2014, 02:25:21 AM

I'd like to invest, but I don't understand why you have ignored the requests to verify by posting to your Facebook page and mirroring here, as suggested by SyRenity, or at least explain why you don't want to do it instead of just ignoring the request.

LeoC

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Activity: 154

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Quote from: Level Coin on January 28, 2014, 01:52:59 AM

All founder funds were moved into their own separate wallets.
This was to combat a long string of transactions that had failed to confirm.
The user who invested 2 BTC has received a refund of 1 BTC from his personal wallet and I am sure he can vouch.
On release, founders will be receiving a link to their personalized wallet via e-mail.
There will be a period of two weeks in which direct founders will get access to the main net before anyone else.
This is to reward early investors for taking the risk. The Kickstarter page has been completed and submitted for their review.
I have had little time to code these past few days between this project and real life work and family.
I still need help with a GUI, it is likely that I will need to release with the current command line client, but it works just as good.
There are four days left to buy in for anyone that wants to participate in the two week closed "beta", which is what I will be calling it.

Can't wait! If this is going to launch anything even remotely close like Next, then we will all be crazy RICH!

Alohaboy?!

hero member

Activity: 1050

Merit: 506

Quote from: techguy on January 28, 2014, 02:59:23 AM

Quote from: Level Coin on January 28, 2014, 01:52:59 AM

All founder funds were moved into their own separate wallets.
This was to combat a long string of transactions that had failed to confirm.
The user who invested 2 BTC has received a refund of 1 BTC from his personal wallet and I am sure he can vouch.
On release, founders will be receiving a link to their personalized wallet via e-mail.
There will be a period of two weeks in which direct founders will get access to the main net before anyone else.
This is to reward early investors for taking the risk. The Kickstarter page has been completed and submitted for their review.
I have had little time to code these past few days between this project and real life work and family.
I still need help with a GUI, it is likely that I will need to release with the current command line client, but it works just as good.
There are four days left to buy in for anyone that wants to participate in the two week closed "beta", which is what I will be calling it.

Good to hear about the 2 week beta.

+1 looking for it!

techguy

sr. member

Activity: 378

Merit: 250

Quote from: Level Coin on January 28, 2014, 01:52:59 AM

All founder funds were moved into their own separate wallets.
This was to combat a long string of transactions that had failed to confirm.
The user who invested 2 BTC has received a refund of 1 BTC from his personal wallet and I am sure he can vouch.
On release, founders will be receiving a link to their personalized wallet via e-mail.
There will be a period of two weeks in which direct founders will get access to the main net before anyone else.
This is to reward early investors for taking the risk. The Kickstarter page has been completed and submitted for their review.
I have had little time to code these past few days between this project and real life work and family.
I still need help with a GUI, it is likely that I will need to release with the current command line client, but it works just as good.
There are four days left to buy in for anyone that wants to participate in the two week closed "beta", which is what I will be calling it.

Good to hear about the 2 week beta.

td services

sr. member

Activity: 448

Merit: 250

black swan hunter

Quote from: Level Coin on January 28, 2014, 01:52:59 AM

All founder funds were moved into their own separate wallets.
This was to combat a long string of transactions that had failed to confirm.
The user who invested 2 BTC has received a refund of 1 BTC from his personal wallet and I am sure he can vouch.
On release, founders will be receiving a link to their personalized wallet via e-mail.
There will be a period of two weeks in which direct founders will get access to the main net before anyone else.
This is to reward early investors for taking the risk. The Kickstarter page has been completed and submitted for their review.
I have had little time to code these past few days between this project and real life work and family.
I still need help with a GUI, it is likely that I will need to release with the current command line client, but it works just as good.
There are four days left to buy in for anyone that wants to participate in the two week closed "beta", which is what I will be calling it.

I'd like to invest, but I don't understand why you have ignored the requests to verify by posting to your Facebook page and mirroring here, as suggested by SyRenity, or at least explain why you don't want to do it instead of just ignoring the request.

Level Coin

newbie

Activity: 28

Merit: 0

All founder funds were moved into their own separate wallets.
This was to combat a long string of transactions that had failed to confirm.
The user who invested 2 BTC has received a refund of 1 BTC from his personal wallet and I am sure he can vouch.
On release, founders will be receiving a link to their personalized wallet via e-mail.
There will be a period of two weeks in which direct founders will get access to the main net before anyone else.
This is to reward early investors for taking the risk. The Kickstarter page has been completed and submitted for their review.
I have had little time to code these past few days between this project and real life work and family.
I still need help with a GUI, it is likely that I will need to release with the current command line client, but it works just as good.
There are four days left to buy in for anyone that wants to participate in the two week closed "beta", which is what I will be calling it.

SyRenity

hero member

Activity: 756

Merit: 502

Quote from: northranger79510 on January 27, 2014, 03:02:53 PM

LeoC, Levelcoin hasnt returned the guy who invested 2 BTC yet.

https://blockchain.info/address/154Xbtm1xiL6Z1hTSoQgrdaNxEUU8Jtk7B.

Why did you assume he did?

While it looks like this, he might have just used another address...

northranger79510

sr. member

Activity: 308

Merit: 250

Riecoin and Huntercoin to rule all!

LeoC, Levelcoin hasnt returned the guy who invested 2 BTC yet.

https://blockchain.info/address/154Xbtm1xiL6Z1hTSoQgrdaNxEUU8Jtk7B.

Why did you assume he did?

MsCollec

legendary

Activity: 1400

Merit: 1000

Quote from: LeoC on January 27, 2014, 08:34:54 AM

This thread sure is getting a lot of "This is a scam and I have no proof to prove it, also check out MY coin!"
I feel sorry for David to have to deal with the nonsense on this forum, perhaps he wasn't aware at the time of posting of the amount of self entitled, couch detective assholes that lurk these forums.
Would not surprise me in the least bit if he postponed the entire thing altogether.

I can see where your ego is coming from, you invested 1Btc as an early victim. We shall see at the end if your David delivers.

FrictionlessCoin

legendary

Activity: 868

Merit: 1000

Cryptotalk.org - Get paid for every post!

Quote from: SyRenity on January 27, 2014, 08:46:49 AM

Quote from: vtbean79 on January 27, 2014, 07:58:00 AM

I think I read somewhere that NXT actually showed working codes before IPO. If that's true, it's not fair to compare LevelCoin to NXT since LevelCoin hasn't showed anything... yet. I'm going to wait for KickStarter. Risk is too high without any proof from the dev.

NXT had working downloadable P2P client before fundraising was over.

If LevelCoin would post his binaries, I'm sure it would greatly boost the investors confidence and expand the fundraiser base quickly.

There's good reason to be skeptical. There has not been many new implementations of crypto-currencies other than bitcoin clones (i.e. modified proof of work schemes)

Completely new implentations are very few:

(1) Ripple
(2) eMunie - 6+ months in development
(3) XCP
(4) Nxt

and a couple that just started development
(4) Ethereum -
(5) SkyCoin
(6) NEX

Anyone know of others?

SyRenity

hero member

Activity: 756

Merit: 502

Quote from: vtbean79 on January 27, 2014, 07:58:00 AM

I think I read somewhere that NXT actually showed working codes before IPO. If that's true, it's not fair to compare LevelCoin to NXT since LevelCoin hasn't showed anything... yet. I'm going to wait for KickStarter. Risk is too high without any proof from the dev.

NXT had working downloadable P2P client before fundraising was over.

If LevelCoin would post his binaries, I'm sure it would greatly boost the investors confidence and expand the fundraiser base quickly.

MakeBelieve

hero member

Activity: 602

Merit: 500

Quote from: MsCollec on January 27, 2014, 08:31:14 AM

I'm 100% sure this is a scam. It's a nice concept but greed drives the passion in most of the people coming out with second generation coins. Therefore I'm organizing a community developed coin based on this concept. Pm me with your area of expertise if you are interested in making this into reality.

The owner of the coin has received scam accusations and bad trust feedback I would say that this coin is a scam.

LeoC

full member

Activity: 154

Merit: 100

This thread sure is getting a lot of "This is a scam and I have no proof to prove it, also check out MY coin!"
I feel sorry for David to have to deal with the nonsense on this forum, perhaps he wasn't aware at the time of posting of the amount of self entitled, couch detective assholes that lurk these forums.
Would not surprise me in the least bit if he postponed the entire thing altogether.

MsCollec

legendary

Activity: 1400

Merit: 1000

I'm 100% sure this is a scam. It's a nice concept but greed drives the passion in most of the people coming out with second generation coins. Therefore I'm organizing a community developed coin based on this concept. Pm me with your area of expertise if you are interested in making this into reality.

vtbean79

member

Activity: 82

Merit: 10

I think I read somewhere that NXT actually showed working codes before IPO. If that's true, it's not fair to compare LevelCoin to NXT since LevelCoin hasn't showed anything... yet. I'm going to wait for KickStarter. Risk is too high without any proof from the dev.

Legcorner

member

Activity: 102

Merit: 10

Quote from: td services on January 26, 2014, 11:55:47 AM

I received this response from David Elsinger at EFSA when I emailed him about this offering. Level Coin, would you please settle the ID issue by doing the Facebook post.

Quote

It's not me!

David

Sent from my iPad

> On Jan 22, 2014, at 1:59 AM, "mail" <****@gmail.com> wrote:
>
> Hi David,
>
> Your name, LinkedIn profile, and Facebook profile have been mentioned in a very interesting project
> posted on the Bitcointalk forum, Level Coin by David Elsinger. I am very interested in investing in
> it, but wanted to first verify that the proposal is actually posted by you.
>
> The link to the project is https://bitcointalksearch.org/topic/ann-levelcoin-proof-of-stake-proof-of-burn-hybrid-inflation-immune-422309
>
> Thanks,

Maybe he regrets that he revealed his name. The same way he said first that the posted FB-acc isn't his.

Maybe he is working on something different to prove his honesty without disclosing his complete identity.

No one of you have to donate any BTC. Wait till the kickstarter is running and stop beeing rude.

pandaisftw

full member

Activity: 224

Merit: 100

Quote from: LeoC on January 27, 2014, 06:36:09 AM

Quote from: TheMightyX on January 27, 2014, 06:35:27 AM

Quote from: LeoC on January 27, 2014, 06:33:32 AM

Wow you are mad as fuck, hilarious post. +1 for anger issues.
Also, TLDR

Ohhh look at that! you brushed off my comments. Of course you didn't read them.... Wink

That's because you've said nothing but wahh wahh biased wahh no one wants to hire me so I'm going to bash them wahh.

Face it, you're a fucking pussy. Go suck on a chode elsewhere. Whatever happens here is no longer your concern is it loser.

The guy already has 5-6 BTC for his idea, thats more than you'll ever make you fucking pansy. You're just another envious douche

Oh an P.S., my employer pays me in advance for my services.

Ah there it is... LeoC is being paid by LevelCoin. LeoC, either you don't realized you're being biased, or you're simply just a paid shill.

BTW:
https://blockchain.info/address/1C7MPUTTWQjinfbRcQtW6HAc4ips7wMuiJ

14.27 BTC = $11.5k USD

And again, why is the fundraiser account empty before the fundraiser is over (without any mention)?

Quote from: Level Coin on January 27, 2014, 06:39:47 AM

MightyX, you will soon regret those words. You call me very vulgar names for no reason. Do not expect to ever be allowed into this community.
I am working on a multitude of issues at the moment. It's crunch time right now and I have better thing to do that to appease the simple minded and impatient.
Those that have invested will be rewarded.

Is making some kind of confirmation of who you claim to be, really that time consuming? A simple Facebook update takes all of 10 seconds out of your busy day. You have a bunch of people that want to help you financially with your vision, but your antics are keeping them from doing so.

FrictionlessCoin

legendary

Activity: 868

Merit: 1000

Cryptotalk.org - Get paid for every post!

So why is it in BitcoinTalk, all developers are considered scammers until proven innocent?

So I'm working on my coin and there a ton of lurkers on my thread trying to prove that I'm a scammer when I haven't even taken a cent from anybody.

Mota

legendary

Activity: 804

Merit: 1002

Quote from: Level Coin on January 27, 2014, 06:39:47 AM

MightyX, you will soon regret those words. You call me very vulgar names for no reason. Do not expect to ever be allowed into this community.
I am working on a multitude of issues at the moment. It's crunch time right now and I have better thing to do that to appease the simple minded and impatient.
Those that have invested will be rewarded.

Yeah... the thing is, still no escrow. I have enough here I would invest, but since you don't seem to care at all....

Topic: [ANN] Levelcoin - Proof of Stake / Proof of Burn Hybrid - Inflation Immune - page 16. (Read 44839 times)