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Topic: {ANN} Square - POW/Dist Hybrid 5 M Total - Launch 07/01/14 12 PM EST SHARP! - page 3. (Read 12854 times)

full member
Activity: 210
Merit: 100
hero member
Activity: 574
Merit: 500
( ͡° ͜ʖ ͡°)
sr. member
Activity: 364
Merit: 250
newbie
Activity: 14
Merit: 0
full member
Activity: 166
Merit: 100
Does anyone realize this about the coin?

The IPO is going to suppress the coin price to 750 satoshi until its all gone.

750 satoshi x 150 coins (block reward) = $0.75 per block (compared to say RAZOR at $50 a block)

It's going to be cheaper to buy into the IPO than to mine. As a matter of fact, you'll likely LOSE money on electricity to mine this coin until the entire IPO is bought.

Mined earnings are contingent on the entire IPO being bought/sold, seems like a scam coin to me.

The goal is to have the IPO distributed a few hours after the launch of the coin. This will dry up supply and drive demand. It's a different model, we will see!
Do you even understand how the market works? You will dump the IPO coins on the market + miners will dump. There is no support here, pure dumping.

Yep I understand how it works. If there is market interest in the coin, buy orders will support the coin at 750 satoshis.

We will place the entire amount at a sell order of 750 sats. If the market is interested, they will buy.


What is the incentive for miners then?
70% of coins are budgeted for the 'IPCO', which means the market will be flooded with 3.5 million coins at 750 sats.
Miners will have to compete with a 70% premine.
I expect the hashrate will be really low for this - not good for a new coin, because hashrate is one of the key indicators for serious investors and whales.

LOL like sync?  Roll Eyes
sr. member
Activity: 462
Merit: 250
Does anyone realize this about the coin?

The IPO is going to suppress the coin price to 750 satoshi until its all gone.

750 satoshi x 150 coins (block reward) = $0.75 per block (compared to say RAZOR at $50 a block)

It's going to be cheaper to buy into the IPO than to mine. As a matter of fact, you'll likely LOSE money on electricity to mine this coin until the entire IPO is bought.

Mined earnings are contingent on the entire IPO being bought/sold, seems like a scam coin to me.

The goal is to have the IPO distributed a few hours after the launch of the coin. This will dry up supply and drive demand. It's a different model, we will see!
Do you even understand how the market works? You will dump the IPO coins on the market + miners will dump. There is no support here, pure dumping.

Yep I understand how it works. If there is market interest in the coin, buy orders will support the coin at 750 satoshis.

We will place the entire amount at a sell order of 750 sats. If the market is interested, they will buy.


What is the incentive for miners then?
70% of coins are budgeted for the 'IPCO', which means the market will be flooded with 3.5 million coins at 750 sats.
Miners will have to compete with a 70% premine.
I expect the hashrate will be really low for this - not good for a new coin, because hashrate is one of the key indicators for serious investors and whales.
wow, this is really ridiculous. Why has Bittrex agreed to list this scam? The guy is selling 3.5mln coins out of total 5mln. It is better to have these 3.5mln as a premine, at least there is some chance that the dev will have some reasons to support the coin, but man, he is selling almost all of the supply on the market and people are ok with this?
newbie
Activity: 14
Merit: 0
Does anyone realize this about the coin?

The IPO is going to suppress the coin price to 750 satoshi until its all gone.

750 satoshi x 150 coins (block reward) = $0.75 per block (compared to say RAZOR at $50 a block)

It's going to be cheaper to buy into the IPO than to mine. As a matter of fact, you'll likely LOSE money on electricity to mine this coin until the entire IPO is bought.

Mined earnings are contingent on the entire IPO being bought/sold, seems like a scam coin to me.

The goal is to have the IPO distributed a few hours after the launch of the coin. This will dry up supply and drive demand. It's a different model, we will see!
Do you even understand how the market works? You will dump the IPO coins on the market + miners will dump. There is no support here, pure dumping.

Yep I understand how it works. If there is market interest in the coin, buy orders will support the coin at 750 satoshis.

We will place the entire amount at a sell order of 750 sats. If the market is interested, they will buy.

What will you do with the IPO proceeds? Will there be any transparency of those bitcoins?

Hard-wallet, professional website development (not a clone), mobile wallets etc. We accept solicitation to our email for those services and many more. We want to pay for quality development.
Many coins have this without the IPO and/or premine. This is just a lame excuse. 26btc for those things - hmmm, please hire me, you must be paying some hefty salaries )))

If your qualified and can produce a quality product, please contact us at [email protected]

Make sure to be watching twitter https://twitter.com/squarecoindev and IRC https://kiwiirc.com/client/irc.freenode.net/squarecoin for the wallet password at launch!
sr. member
Activity: 462
Merit: 250
CAT.EX Exchange
I will not be mining this coin.
sr. member
Activity: 308
Merit: 250
sr. member
Activity: 700
Merit: 250
Vave.com - Crypto Casino
Does anyone realize this about the coin?

The IPO is going to suppress the coin price to 750 satoshi until its all gone.

750 satoshi x 150 coins (block reward) = $0.75 per block (compared to say RAZOR at $50 a block)

It's going to be cheaper to buy into the IPO than to mine. As a matter of fact, you'll likely LOSE money on electricity to mine this coin until the entire IPO is bought.

Mined earnings are contingent on the entire IPO being bought/sold, seems like a scam coin to me.

The goal is to have the IPO distributed a few hours after the launch of the coin. This will dry up supply and drive demand. It's a different model, we will see!
Do you even understand how the market works? You will dump the IPO coins on the market + miners will dump. There is no support here, pure dumping.

Yep I understand how it works. If there is market interest in the coin, buy orders will support the coin at 750 satoshis.

We will place the entire amount at a sell order of 750 sats. If the market is interested, they will buy.


What is the incentive for miners then?
70% of coins are budgeted for the 'IPCO', which means the market will be flooded with 3.5 million coins at 750 sats.
Miners will have to compete with a 70% premine.
I expect the hashrate will be really low for this - not good for a new coin, because hashrate is one of the key indicators for serious investors and whales.
sr. member
Activity: 462
Merit: 250
Does anyone realize this about the coin?

The IPO is going to suppress the coin price to 750 satoshi until its all gone.

750 satoshi x 150 coins (block reward) = $0.75 per block (compared to say RAZOR at $50 a block)

It's going to be cheaper to buy into the IPO than to mine. As a matter of fact, you'll likely LOSE money on electricity to mine this coin until the entire IPO is bought.

Mined earnings are contingent on the entire IPO being bought/sold, seems like a scam coin to me.

The goal is to have the IPO distributed a few hours after the launch of the coin. This will dry up supply and drive demand. It's a different model, we will see!
Do you even understand how the market works? You will dump the IPO coins on the market + miners will dump. There is no support here, pure dumping.

Yep I understand how it works. If there is market interest in the coin, buy orders will support the coin at 750 satoshis.

We will place the entire amount at a sell order of 750 sats. If the market is interested, they will buy.

What will you do with the IPO proceeds? Will there be any transparency of those bitcoins?

Hard-wallet, professional website development (not a clone), mobile wallets etc. We accept solicitation to our email for those services and many more. We want to pay for quality development.
Many coins have this without the IPO and/or premine. This is just a lame excuse. 26btc for those things - hmmm, please hire me, you must be paying some hefty salaries )))
newbie
Activity: 14
Merit: 0
Does anyone realize this about the coin?

The IPO is going to suppress the coin price to 750 satoshi until its all gone.

750 satoshi x 150 coins (block reward) = $0.75 per block (compared to say RAZOR at $50 a block)

It's going to be cheaper to buy into the IPO than to mine. As a matter of fact, you'll likely LOSE money on electricity to mine this coin until the entire IPO is bought.

Mined earnings are contingent on the entire IPO being bought/sold, seems like a scam coin to me.

The goal is to have the IPO distributed a few hours after the launch of the coin. This will dry up supply and drive demand. It's a different model, we will see!
Do you even understand how the market works? You will dump the IPO coins on the market + miners will dump. There is no support here, pure dumping.

Yep I understand how it works. If there is market interest in the coin, buy orders will support the coin at 750 satoshis.

We will place the entire amount at a sell order of 750 sats. If the market is interested, they will buy.

What will you do with the IPO proceeds? Will there be any transparency of those bitcoins?

Hard-wallet, professional website development (not a clone), mobile wallets etc. We accept solicitation to our email for those services and many more. We want to pay for quality development.
sr. member
Activity: 338
Merit: 251
Does anyone realize this about the coin?

The IPO is going to suppress the coin price to 750 satoshi until its all gone.

750 satoshi x 150 coins (block reward) = $0.75 per block (compared to say RAZOR at $50 a block)

It's going to be cheaper to buy into the IPO than to mine. As a matter of fact, you'll likely LOSE money on electricity to mine this coin until the entire IPO is bought.

Mined earnings are contingent on the entire IPO being bought/sold, seems like a scam coin to me.

The goal is to have the IPO distributed a few hours after the launch of the coin. This will dry up supply and drive demand. It's a different model, we will see!

That's a big risk and gamble for investors, especially when you have all the cards stacked in your favor.  You make BTC, and they have the big potential to get screwed. The coin doesn't offer any innovation, unique features, or anything else to inspire someone to invest long term in the coin. It seems like a short sell, and there is no roadmap, no whitepaper, or anything to show the public what you are doing with the 26 BTC from IPO.

I'm pissed because I was excited for the launch, but didn't read into the structure and do some simple math Sad

26 BTC



sr. member
Activity: 462
Merit: 250
Does anyone realize this about the coin?

The IPO is going to suppress the coin price to 750 satoshi until its all gone.

750 satoshi x 150 coins (block reward) = $0.75 per block (compared to say RAZOR at $50 a block)

It's going to be cheaper to buy into the IPO than to mine. As a matter of fact, you'll likely LOSE money on electricity to mine this coin until the entire IPO is bought.

Mined earnings are contingent on the entire IPO being bought/sold, seems like a scam coin to me.

The goal is to have the IPO distributed a few hours after the launch of the coin. This will dry up supply and drive demand. It's a different model, we will see!
Do you even understand how the market works? You will dump the IPO coins on the market + miners will dump. There is no support here, pure dumping.

Yep I understand how it works. If there is market interest in the coin, buy orders will support the coin at 750 satoshis.

We will place the entire amount at a sell order of 750 sats. If the market is interested, they will buy.

What will you do with the IPO proceeds? Will there be any transparency of those bitcoins?
sr. member
Activity: 308
Merit: 250
watching this coin, looks good so far, active dev's and the main reason is simple.....I like this so far because they have a wallet for download before launch.  Not at launch or 5 min after launch or 25 min after launch. 
newbie
Activity: 14
Merit: 0
Does anyone realize this about the coin?

The IPO is going to suppress the coin price to 750 satoshi until its all gone.

750 satoshi x 150 coins (block reward) = $0.75 per block (compared to say RAZOR at $50 a block)

It's going to be cheaper to buy into the IPO than to mine. As a matter of fact, you'll likely LOSE money on electricity to mine this coin until the entire IPO is bought.

Mined earnings are contingent on the entire IPO being bought/sold, seems like a scam coin to me.

The goal is to have the IPO distributed a few hours after the launch of the coin. This will dry up supply and drive demand. It's a different model, we will see!
Do you even understand how the market works? You will dump the IPO coins on the market + miners will dump. There is no support here, pure dumping.

Yep I understand how it works. If there is market interest in the coin, buy orders will support the coin at 750 satoshis.

We will place the entire amount at a sell order of 750 sats. If the market is interested, they will buy.
legendary
Activity: 1421
Merit: 1001
Looks interesting!

Follow you!!

Good luck for your project!
sr. member
Activity: 462
Merit: 250
Does anyone realize this about the coin?

The IPO is going to suppress the coin price to 750 satoshi until its all gone.

750 satoshi x 150 coins (block reward) = $0.75 per block (compared to say RAZOR at $50 a block)

It's going to be cheaper to buy into the IPO than to mine. As a matter of fact, you'll likely LOSE money on electricity to mine this coin until the entire IPO is bought.

Mined earnings are contingent on the entire IPO being bought/sold, seems like a scam coin to me.

The goal is to have the IPO distributed a few hours after the launch of the coin. This will dry up supply and drive demand. It's a different model, we will see!
Do you even understand how the market works? You will dump the IPO coins on the market + miners will dump. There is no support here, pure dumping.
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