Topic: [ANN] ZenithCoin (ZTC) Market Making Sustainable Crypto Currency - page 8. (Read 35781 times)

Quote from: Petr1fied on June 06, 2013, 05:11:14 PM

Anyone who mines a coin with a massive premium going to the developer, an organised premine for a select few and also allows the potential for chargebacks needs their head examining.

You probably got it all backwards, any coin without developer incentive to back is worthless and anyone investing in them needs their head examined.

It is like investing in a penny stock without having a company behind it.

Takeing 50% of the coins is no different then a pre-mine. How does this give you any more incentive then just mining 21 millioin from the begining?

If you have so much faith in the coin, why dont you let miners keep all of the coins and when the coin reaches cryptsy you buy all the coins for cheap and use that for incentive? Stealing coins from miners to pay developers doesnt show much faith on your part and this coin will fail.

Also your private mining party is just plain stupid

Tunnel vision here. Not all coins are going to be like Bitcoin or serve the same purpose as Bitcoin.

This is an equity coin like DevCoin and FreiCoin.

If you can't understand how that works then stop comparing apples and oranges.

It might be a good idea but you have already proved you dont know how to release a coin. Why should people believe that you are competent enough to do productive things with the coins you will be recieving from the minors?

The coin is in the process of being released. It is not a pump and dump coin that is announced a minute after it is released.

It is a deliberate release giving people enough time to review the coin.

The first source release was last week June 1st. A week to review the source is actually a bit tight, but is fair.

You are trying to make judgement of something that hasn't even come out.

Give it at least a couple of months before you give judgement.

Speaking about innovation, this is going to be the first alt-coin that have UI clients that other QT.

It is also the first scrypt coin that is NOT derived from Litecoin or Novacoin.

More firsts are planned for the future.

I predict that you will regret not participating in this early.

Ok. But you havent given any reason on why we should trust you with the coins. You already had the coin hijacked from you on the first release and all you keep saying is that this coin is so different. Why should we trust you as a Dev? Other then a good Block explorer what other kind of stuff do you have planned for the release? Have you Developed anything that these coins can be used on once it is released, or do we have to wait until the free coins start rolling into you before we get anything like that?

There was never a hijack. Some miner mined nothing but test coins.

Ask yourself this, why should you trust any other alt-coin? I wouldn't trust them until they can prove they can truly add value.

Unfortunately, none of the alt-coin devs have any incentive for future development. They have made their money on pre-mining or insta-mining. After that, they abandon the coin and move on to create yet another coin. From an investors perspective it is a bum deal.

Ask anyone who invested on FTC, CNC, BTB, WDC, MNC, YAC, .... the list is endless.

Lot of investors holding coins with absolutely no future.

emerefer

sr. member

Activity: 338

Merit: 250

Quote from: solracx on June 08, 2013, 06:45:00 PM

Quote from: emerefer on June 08, 2013, 06:27:23 PM

Quote from: Petr1fied on June 06, 2013, 05:11:14 PM

Anyone who mines a coin with a massive premium going to the developer, an organised premine for a select few and also allows the potential for chargebacks needs their head examining.

You probably got it all backwards, any coin without developer incentive to back is worthless and anyone investing in them needs their head examined.

It is like investing in a penny stock without having a company behind it.

Takeing 50% of the coins is no different then a pre-mine. How does this give you any more incentive then just mining 21 millioin from the begining?

If you have so much faith in the coin, why dont you let miners keep all of the coins and when the coin reaches cryptsy you buy all the coins for cheap and use that for incentive? Stealing coins from miners to pay developers doesnt show much faith on your part and this coin will fail.

Also your private mining party is just plain stupid

Tunnel vision here. Not all coins are going to be like Bitcoin or serve the same purpose as Bitcoin.

This is an equity coin like DevCoin and FreiCoin.

If you can't understand how that works then stop comparing apples and oranges.

It might be a good idea but you have already proved you dont know how to release a coin. Why should people believe that you are competent enough to do productive things with the coins you will be recieving from the minors?

The coin is in the process of being released. It is not a pump and dump coin that is announced a minute after it is released.

It is a deliberate release giving people enough time to review the coin.

The first source release was last week June 1st. A week to review the source is actually a bit tight, but is fair.

You are trying to make judgement of something that hasn't even come out.

Give it at least a couple of months before you give judgement.

Speaking about innovation, this is going to be the first alt-coin that have UI clients that other QT.

It is also the first scrypt coin that is NOT derived from Litecoin or Novacoin.

More firsts are planned for the future.

I predict that you will regret not participating in this early.

Ok. But you havent given any reason on why we should trust you with the coins. You already had the coin hijacked from you on the first release and all you keep saying is that this coin is so different. Why should we trust you as a Dev? Other then a good Block explorer what other kind of stuff do you have planned for the release? Have you Developed anything that these coins can be used on once it is released, or do we have to wait until the free coins start rolling into you before we get anything like that?

solracx

sr. member

Activity: 294

Merit: 250

Quote from: emerefer on June 08, 2013, 06:27:23 PM

Quote from: Petr1fied on June 06, 2013, 05:11:14 PM

Anyone who mines a coin with a massive premium going to the developer, an organised premine for a select few and also allows the potential for chargebacks needs their head examining.

You probably got it all backwards, any coin without developer incentive to back is worthless and anyone investing in them needs their head examined.

It is like investing in a penny stock without having a company behind it.

Takeing 50% of the coins is no different then a pre-mine. How does this give you any more incentive then just mining 21 millioin from the begining?

If you have so much faith in the coin, why dont you let miners keep all of the coins and when the coin reaches cryptsy you buy all the coins for cheap and use that for incentive? Stealing coins from miners to pay developers doesnt show much faith on your part and this coin will fail.

Also your private mining party is just plain stupid

Tunnel vision here. Not all coins are going to be like Bitcoin or serve the same purpose as Bitcoin.

This is an equity coin like DevCoin and FreiCoin.

If you can't understand how that works then stop comparing apples and oranges.

It might be a good idea but you have already proved you dont know how to release a coin. Why should people believe that you are competent enough to do productive things with the coins you will be recieving from the minors?

The coin is in the process of being released. It is not a pump and dump coin that is announced a minute after it is released.

It is a deliberate release giving people enough time to review the coin.

The first source release was last week June 1st. A week to review the source is actually a bit tight, but is fair.

You are trying to make judgement of something that hasn't even come out.

Give it at least a couple of months before you give judgement.

Speaking about innovation, this is going to be the first alt-coin that have UI clients that other QT.

It is also the first scrypt coin that is NOT derived from Litecoin or Novacoin.

More firsts are planned for the future.

I predict that you will regret not participating in this early.

emerefer

sr. member

Activity: 338

Merit: 250

Quote from: Petr1fied on June 06, 2013, 05:11:14 PM

Anyone who mines a coin with a massive premium going to the developer, an organised premine for a select few and also allows the potential for chargebacks needs their head examining.

You probably got it all backwards, any coin without developer incentive to back is worthless and anyone investing in them needs their head examined.

It is like investing in a penny stock without having a company behind it.

Takeing 50% of the coins is no different then a pre-mine. How does this give you any more incentive then just mining 21 millioin from the begining?

If you have so much faith in the coin, why dont you let miners keep all of the coins and when the coin reaches cryptsy you buy all the coins for cheap and use that for incentive? Stealing coins from miners to pay developers doesnt show much faith on your part and this coin will fail.

Also your private mining party is just plain stupid

Tunnel vision here. Not all coins are going to be like Bitcoin or serve the same purpose as Bitcoin.

This is an equity coin like DevCoin and FreiCoin.

If you can't understand how that works then stop comparing apples and oranges.

It might be a good idea but you have already proved you dont know how to release a coin. Why should people believe that you are competent enough to do productive things with the coins you will be recieving from the minors?

solracx

sr. member

Activity: 294

Merit: 250

Quote from: Petr1fied on June 06, 2013, 05:11:14 PM

Anyone who mines a coin with a massive premium going to the developer, an organised premine for a select few and also allows the potential for chargebacks needs their head examining.

You probably got it all backwards, any coin without developer incentive to back is worthless and anyone investing in them needs their head examined.

It is like investing in a penny stock without having a company behind it.

Takeing 50% of the coins is no different then a pre-mine. How does this give you any more incentive then just mining 21 millioin from the begining?

If you have so much faith in the coin, why dont you let miners keep all of the coins and when the coin reaches cryptsy you buy all the coins for cheap and use that for incentive? Stealing coins from miners to pay developers doesnt show much faith on your part and this coin will fail.

Also your private mining party is just plain stupid

Tunnel vision here. Not all coins are going to be like Bitcoin or serve the same purpose as Bitcoin.

This is an equity coin like DevCoin and FreiCoin.

If you can't understand how that works then stop comparing apples and oranges.

emerefer

sr. member

Activity: 338

Merit: 250