Topic: [ANN] Specie (SPX) - *** Now Trading on YoBit *** | HARDWARE | SUPER RARE - page 7. (Read 14224 times)

I'm not butthurt about anything.  I'm justy pointing this out for the scam it obviously is.

The ico was for 100,000 coins.  There are currently a little over 78,000 left at yobit.  So I guess you're calling coins waiting for buyers at yobit as distributed.  That alone is 34% of the total coins. The dev had the other 56% of all total coins to do with how they please.  The distribution listed in the ANN is suspect at best as there is no way to verify that any of those coins have gone to anyone.  I asked the dev to provide some information regarding that distribution and who received the bounties.  That question was never answered.  It was at that point that I was sure that this was a scam.  If this was legitimate then there would be transparency with regards to the distribution.  Just putting in the ANN that X amount of coins have been distributed with no accounting for them is a standard tactic used by those with something to hide.  Likely the fact that those coins are still in the possession of the dev.

Why is this coin rare?  There are plenty of other coins with much less total supply and still completely worthless. 

I also find it pathetic that you feel the need to make ignorant personal attacks against me for pointing out obvious red flags about this coin.  Many others have expressed complete disgust with this coin and have called it a scam.  Why did you choose me?  Is it because I have stated the case in such an elegant and easy to understand manner that you can't attack the substance of what I have said?

As for this being a hobby yes it is.  It's a hobby that I have made hundreds of btc from since getting involved with about a year and a half ago.  One of the reasons I have been able to make a significant amount is because I have not been fooled by a bunch of false promises and have not invested in these obvious scams.

I've decided not to launch into a personal attack against you even though you actually deserve it.  I don't think that you know any better so I'll give you a pass.  So when you sell what small amount of this rare coin that you have that is going to go up in value because it's rare.  Oh wait, what is it good for?  What does it do?  What can it be used for?  Oh right, it's rare.  Oh wait, I forgot, the plan is to send even more btc to the dev for some currently nonexistent staking appliance that they are supposedly currently in negotiations with some supplier in China.  Or buy a card wallet because you can't use a USB drive to store your wallet. 

I gave up on the majority of people on this forum a long time ago.  The intelligence level is so low that a blind monkey could come on here and launch a worthless coin and make some btc.  This is just another worthless coin full of fluff, promises, and soon to be excuses.

But hey, you're a big time altcoin trader so you must have plenty of btc.  Go spend 8 btc and buy the rest of the ico because this coin is rare and will be worth so much.  Just look at all the things they are promising:

Smart Contracts
Merchant Services
Hardware Wallets
Staking Appliances
Decentralized Markets
Optimized Distributed Apps

None of it's ready but hey, they're working on it so give them your btc right now.  Everything will be finished they promise.  blah blah blah.

 

The only thing that's ridiculous here is your reading (in)comprehension skills. They may be poorer than your math skills. Check the ANN, over 80% of the coins have been distributed including the ICO. That % goes up (and so does the value) depending on how many are burned after the ICO

Your post before that only demonstrated that you have a partial ability to take screenshots. Of course "somebody is currently staking coins right now" coins have been given away for bounties and sold and the wallet is out so those people can get their coins and start staking. The coins are rare and the point is to stake as many as you can

Rather than be another butthurt complainer posting nonsense, try learning from your previous mistakes. Or find a new hobby since this one is too complex for you.  It does not take a genius to understand the basic things you have missed and see how this coin will go up in value

No miners to crash the price but there is the 56% of total coins that the dev has to dump.  No coin is dump proof especially coins like this designed specifically to be dumped.  It's just that miners won't be the ones doing the dumping.  44% of total coins to be sold at ICO with proceeds going to dev.  The other 56% of total coins are held by dev.  Dev can dump that 56% down to 1 satoshi and still make profit.  Completely ridiculous coin distribution.  Do the math genius.

That's not surprising since it's just a quick copy paste to have something up on the web.  The exchange link doesn't work either even though it's on yobit.  The block explorer link to  http://spx.altexplorers.info:3022/ works and you can see that somebody is currently staking coins right now even though the ico is still running.  That changes the total coin amount to 225,387.  You would be best off to avoid this one.  It's just a "grab the btc and run" scheme.

On the Specie website...both wallet links are Mac...although one states "Windows," it downloads a Mac wallet. What the heck?

reserved

There are still some opportunities to get coins at potentially pre-ico prices as part of our SPauctions and social distribution.

SPauction #1

More auctions TBA

ICO is still a great opportunity:

YoBit ICO


OP has been updated with new information from announcements and other updates.

Yeah, I'm regretting not getting back to the dev in time to get some pre-ico coins

Do the math genius. 5% compounded on 225K, max if all existing coins are being staked to their complete potential
Now, take that math, lose it and go find another hobby. Who cares how long it will take for that to happen?

Pure PoS with low stake interest means the coins that count are the ones that exist now. This coin is being tied into physical products so there is a built-in increased demand for a very limited number of coins

So many of the coins are being sold in the ICO and there are no whining miners to crash the price thanks to the pure PoS that this coin is dump-proof

Creating the 9M coins takes a very long time .....what do you figure 80 years?

Thank you to all of our supporters.
Many people are quickly understanding what we are trying to accomplish and see the opportunity and value.



ICO details can be found here:

http://yobit.net/en/ico/


Specie is a very rare PoS coin with low annual interest. SPX can only be created by staking so existing coins are very valuable.
Creating the 9M coins takes a very long time so it is the current supply and the model that are important for measuring the economy of the coin and seeing the value.

SPX can be used for SPXcards and other hardware appliances as mentioned.
More information about hardware specifics will be added to posts.

Further details and updates about coin distribution will be posted to the OP.

Yes I am quoting myself.


https://bitcointalksearch.org/topic/m.11710939   

if this coin 100% premine so this coin just create for make dev rich ?   

Yup, at least someone sees clearly. Anyone who falls for this, does so of their own initiative, and deserves what will come of this...coin....

so we can't mining this coin ?
100% premine and 100% POS only ? 

when does the ICO end?

10k spx for logo and 22k spx for website? wtf

Wow,I would also try to make fast money this way,if I was a coder.....