this is a scam if you can't see that you are a moron
I have scrypt asics and there is nothing here that
makes me want to point my rigs to mining this crap
I'm gobsmacked that there are so many peeps out
there with more money than brains
I am not sure what about this is screams "Scam" to you???
This is one of the few coins being released that has an IPO which is being handled by an exchange which it is not the parent of (lets not forget SharexCoin, which created an exchange and still scammed the members)...Bittrex is hardly looking to scam 12
BTC for the sake of a new coin.
This coin chose scrypt because it is way easier for someone to slap a gridseed on this, mine it at launch, continue to mine it, and support the network when the price remains stable. Rather than force the Dev to constantly create hype or falsely offering "whatever trending service/feature" that the community demands (ie. the anonymity train that is currently leaving the station) in order to keep rigs pointed at it. An asic owner will just set it and forget it. Those of us with larger GPU rigs have to consider what we mine carefully to make sure that we meet our own ROI. We tend to mine coins that are profitable, but also skip from coin to coin to coin...
Is this coin going to make you rich overnight? No. Is this coin the new "flavor of the week?" Who knows? But even in the OP it states that they are looking to create a
stable price coin... That means low volatility on trading, which means less pump and dump scenarios, which also means less profit for those looking to make a quick buck... Day traders trade on volatile markets, Whales crash prices and accumulate and then dump coins to make a profit. Ever notice how none of the "money making" coins are actually well distributed or widely used by the end consumer base?
Of course everyone wants X11, x13, x15, z25, and Q14 algos... They give more hash per rig, run cooler, make you look younger, and remove wrinkles from what I've heard
But the Dev decided on scrypt...so scrypt it is. Crying about the algo is like complaining that BlackCoin or WhiteCoin could have been better if the Dev's would have chosen your specific favorite color instead...
This Dev is new (at least his screen-name here is)...So without even hitting launch, your accusing someone of something the haven't even done yet. Give them a chance! So far they have:
1. Developed a coin.
2. Announced the coin to the community.
3. Paid for involvement (in
BTC mind you, not promises of portions of a premine)
4. Set a launch date.
Now, I don't see how they have scammed anyone at this point?
Do you???
Next, they are set to:
5. Have a successful launch.
6. Distribute the coins via Bittrex for a set price (This is the IPO)
7. Participate by purchasing their share of the coins like everyone else!
8. Provide support and development for the coin.
So, until the fail at one of these...how can anyone yell "Scam!"
?? So far, what has been promised has been delivered...
At least see how the launch and IPO go before FUD'ing a coin...Just because you may not have enough BTC to make a killing on this venture does not mean you have to FUD this coin before it is even launched...but that is just my opinion, and everyone is entitled to one...
