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Topic: [ANN]Faircoin - MULTIPOOL PAYS --- 20%--- BONUS! for the next week!! - page 357. (Read 341962 times)

sr. member
Activity: 406
Merit: 250
FairCoin, the first fairly distributed coin!

How the distribution works:

The most coins go to the hackers who can hide their real ips, run scripts, and rake in hundreds of shares each.

In second place come those who don't have jobs or other responsibilities - people who can sit there all day requesting a token once an hour.  These guys get dozens or more.

Last come people with jobs and school, those who only have the resources to get a small handful of shares.

Fair distribution for the win!


Fuck you.

I had to stare at the screen the entire time (24h+) and run the thing manually to ensure that things didn't go wrong. Of course I did lots of manual work for this to work. I deserve my share more than you do. Nothing is truly automatic. What do you think happens when I run into an already used proxy server? I have to reset the script, reset the log, etc. etc.. it truly takes a lot of time

Any of you could have done the same. Take a mobile phone, wait 1 hour on the website. There you go, one more share every hour. I basically did the same but used VPN/prox. Therefore I had to register, then go back on every IP I logged to enter the address. All of this had to be done somewhat manually

I'm not a scrypt genius. Just a regular joe. I understand why you guys want to strip my share, but again, no script is truly automatic at this point

Congratulations, you are a cheater.  
This would have been a somewhat fair launch if it were not for selfish people like yourself who will just take what they can from others.

The system wasn't bulletproof against cheating. If you really believe this was an unfair distribution, ask the devs to put a one stake/IP limit. I believe you are correct; there were ways to make the launch even fairer, such as 1stake/IP, 1stake/BCT account or even more complex systems such as 1 stake for each unique account registration on the website, requiring email confirmation to get a token.. with an even bigger delay (24 hours)...

However I didn't decide what were the limitations of the stake distribution system..

There is also the problem of transparency.. How can you believe the devs didnt participate? I'm sure these guys hold thousands of stakes..

BTW yes I do lack ethics, that's why I'm on BCT investing in Ponzi scams (crypto altcoins) trying to exchange virtual currencies which hold no materialistic value into fiat

sr. member
Activity: 602
Merit: 295
Hail Eris!
Can't wait for my free coins, I think the whole process was quite fair.

The people who are bitching are the ones without any coins.

You do see how the fact that certain people are bitching because they are getting less coins than others indicates that the process was unfair?

I took one stake mostly because I did not have the time to sit around every hour requesting a token, nor the lack of ethics required to use scripts.
legendary
Activity: 1288
Merit: 1000
Can't wait for my free coins, I think the whole process was quite fair.

The people who are bitching are the ones without any coins.
sr. member
Activity: 243
Merit: 250
 Grin to the moooooon!!!
sr. member
Activity: 602
Merit: 295
Hail Eris!
I've been watching this rollout, and I think it's time for a hats-off to the developers. This is a successful experiment, and in rolling out a proof-of-stake altcoin it's very clearly the way to do it.

This actually worked really well, regardless of the fact that somebody got 350 shares.  I think this is, so far, the gold standard for a proof-of-stake rollout. 

Yes, it was possible to game it - but if the top gamester still wound up with less than 1% of the coins, after putting in 24 solid hours of human work, I'm considering this was in fact a nearly complete success.  Usually when somebody breaks something, they get half or more. 



I do have to disagree, the distribution model is highly flawed. 
You cannot call this a 'gold standard' when certain individuals get considerably more stake than others because of security gaps. 
Systems which give stake to registered bitcointalk or facebook users are even fairer than this even though the exclude the majority of people, at least the system cannot be gained to such extent as one person getting almost a percentage of the stake.
sr. member
Activity: 602
Merit: 295
Hail Eris!
FairCoin, the first fairly distributed coin!

How the distribution works:

The most coins go to the hackers who can hide their real ips, run scripts, and rake in hundreds of shares each.

In second place come those who don't have jobs or other responsibilities - people who can sit there all day requesting a token once an hour.  These guys get dozens or more.

Last come people with jobs and school, those who only have the resources to get a small handful of shares.

Fair distribution for the win!


Fuck you.

I had to stare at the screen the entire time (24h+) and run the thing manually to ensure that things didn't go wrong. Of course I did lots of manual work for this to work. I deserve my share more than you do. Nothing is truly automatic. What do you think happens when I run into an already used proxy server? I have to reset the script, reset the log, etc. etc.. it truly takes a lot of time

Any of you could have done the same. Take a mobile phone, wait 1 hour on the website. There you go, one more share every hour. I basically did the same but used VPN/prox. Therefore I had to register, then go back on every IP I logged to enter the address. All of this had to be done somewhat manually

I'm not a scrypt genius. Just a regular joe. I understand why you guys want to strip my share, but again, no script is truly automatic at this point

Congratulations, you are a cheater.  
This would have been a somewhat fair launch if it were not for selfish people like yourself who will just take what they can from others.
I could have done the same, but did not - not because of technical difficulties but because it would make me an asshole.
sr. member
Activity: 448
Merit: 250
FairCoin, the first fairly distributed coin!

How the distribution works:

The most coins go to the hackers who can hide their real ips, run scripts, and rake in hundreds of shares each.

In second place come those who don't have jobs or other responsibilities - people who can sit there all day requesting a token once an hour.  These guys get dozens or more.

Last come people with jobs and school, those who only have the resources to get a small handful of shares.

Fair distribution for the win!


Fuck you.

I had to stare at the screen the entire time (24h+) and run the thing manually to ensure that things didn't go wrong. Of course I did lots of manual work for this to work. I deserve my share more than you do. Nothing is truly automatic. What do you think happens when I run into an already used proxy server? I have to reset the script.. it truly takes a lot of time

Any of you could have done the same. Take a mobile phone, wait 1 hour on the website. There you go, one more share every hour. I basically did the same but used VPN. Therefore I had to register, then go back on every IP I logged to enter the address. All of this had to be done somewhat manually
Yes.No pains No gains.These nonsense blames should be banned.
legendary
Activity: 924
Merit: 1132
I've been watching this rollout, and I think it's time for a hats-off to the developers. This is a successful experiment, and in rolling out a proof-of-stake altcoin it's very clearly the way to do it.

This actually worked really well, regardless of the fact that somebody got 350 shares.  I think this is, so far, the gold standard for a proof-of-stake rollout. 

Yes, it was possible to game it - but if the top gamester still wound up with less than 1% of the coins, after putting in 24 solid hours of human work, I'm considering this was in fact a nearly complete success.  Usually when somebody breaks something, they get half or more. 

sr. member
Activity: 406
Merit: 250
FairCoin, the first fairly distributed coin!

How the distribution works:

The most coins go to the hackers who can hide their real ips, run scripts, and rake in hundreds of shares each.

In second place come those who don't have jobs or other responsibilities - people who can sit there all day requesting a token once an hour.  These guys get dozens or more.

Last come people with jobs and school, those who only have the resources to get a small handful of shares.

Fair distribution for the win!


Fuck you.

I had to stare at the screen the entire time (24h+) and run the thing manually to ensure that things didn't go wrong. Of course I did lots of manual work for this to work. I deserve my share more than you do. Nothing is truly automatic. What do you think happens when I run into an already used proxy server? I have to reset the script, reset the log, etc. etc.. it truly takes a lot of time

Any of you could have done the same. Take a mobile phone, wait 1 hour on the website. There you go, one more share every hour. I basically did the same but used VPN/prox. Therefore I had to register, then go back on every IP I logged to enter the address. All of this had to be done somewhat manually

I'm not a scrypt genius. Just a regular joe. I understand why you guys want to strip my share, but again, no script is truly automatic at this point
sr. member
Activity: 602
Merit: 295
Hail Eris!
FairCoin, the first fairly distributed coin!

How the distribution works:

The most coins go to the hackers who can hide their real ips, run scripts, and rake in hundreds of shares each.

In second place come those who don't have jobs or other responsibilities - people who can sit there all day requesting a token once an hour.  These guys get dozens or more.

Last come people with jobs and school, those who only have the resources to get a small handful of shares.

Fair distribution for the win!
sr. member
Activity: 440
Merit: 250
http://taas.fund
all i know is, after this 2 days i wouldn't want an ice cream, orangejuice, and cigar for a long time...

What about putting your eye back into its socket?  Wink
sr. member
Activity: 440
Merit: 250
http://taas.fund
"I have developed a script so complex I can consistenly register more than 3 addresses/minute (100/hour). Everything is automated but the damn Google recaptcha. SweetCaptcha can be bypassed using image detection"

If this is allowed then the coin is definitely not fair.

The whole situation allows for cheaters and unfair things.

They tried to prevent such happenings, but they knew they couldn't catch them all. The person who made the script is beyond reprehensible, but the system allowed for such a thing to happen. This person did have to at least do one thing manually - Google captcha. He admitted such. There will always be people like him that feel they need to take advantage of systems that are put into place. One can only hope that karma is a real thing and that it catches up to these folks.
full member
Activity: 149
Merit: 100
all i know is, after this 2 days i wouldn't want an ice cream, orangejuice, and cigar for a long time...
sr. member
Activity: 602
Merit: 295
Hail Eris!
"I have developed a script so complex I can consistenly register more than 3 addresses/minute (100/hour). Everything is automated but the damn Google recaptcha. SweetCaptcha can be bypassed using image detection"

If this is allowed then the coin is definitely not fair.

The whole situation allows for cheaters and unfair things.
sr. member
Activity: 602
Merit: 295
Hail Eris!
From the site:
"What's stopping me from entering multiple addresses, or writing a script that does that?
Registering multiple addresses is not a problem in itself, as long as you don't have an advatange over others.
Ultimately, we can't be sure we can stop a hacker with enough ability and motivation. But by placing protections and not revealing them ahead of time we can level the playing field for a fixed and short amount of time."

This implies that faircoin did not want people to use scripts.  They admit they cannot catch everyone so they are placing protections in so that they can catch some of the cheaters.

Since a previous poster admitted to using a script they should have their stake invalidated if possible - if you can somehow figure that out.
full member
Activity: 126
Merit: 100
Geister?! Geister?! Geister???!! Weißbroooot!
Anyone received some coins yet?
sr. member
Activity: 602
Merit: 295
Hail Eris!
show of hands! how many addresses have you got?

I didn't attempt to get more stakes today.

I'm at 350+

So I get home and its all over. The 10 tokens I got yesterday are worthless because you can't save them, you have to use them  before you get a new token. Please don't tell me that's my fault because no where was that indicated on the site nor should it be necessary, I reserved my stake by acquiring a token, that token should represent my stake.
Regardless now I've got 1 stake.

This fuck has 350x the amount I do and most likely 10x the amount most other people have (even 35 is stretching it).
And we don't even know how many thousand the developer is taking for himself because this is not transparent at all.

How is this fair again?



Dude, stop being mad. I'll send you 10 stakes if you want.

Now, the reason why you're mad is because you're a fucking idiot. Why? It's obvious that you don't understand the security protocols behind the stake process.

I found 3 main checks in their protocol:

1. Token is unique to IP. Token can therefore only be used on the registered IP address.
2. Token is unique to session cookie. If you use the same cookie to generate different tokens on different IP addresses, it won't work. It will produce invalid tokens (at least for me)
3. Only one token is valid at any given time for any registered IP address. You can't 'save' them and use them later.

Of course, if you reset your token, the previous one becomes invalid, as there's only one valid for IP. If you were 'saving' them instead of using them.. sorry bud, you're an idiot

Also, devs did the best to save their coin.

1. 2x Captcha protection (Google captcha + sweetCaptcha)
2. Proxy detection (this was hard for me)
3. One hour delay
4. Registered token only works on registered IP and unique session cookie.

How I did it:

VPN (access to 200 private gateways with unblocked servers) + rasdial, fiddler2, autohotkey, scripts, and lots of time on my hands to enter those damn captchas. It took me about 24 hours of work for the first 150 tokens, then 5 hours for the last 200ish.
I have developed a script so complex I can consistenly register more than 3 addresses/minute (100/hour). Everything is automated but the damn Google recaptcha. SweetCaptcha can be bypassed using image detection
Unfortunately I was gone for the most part today and when I came back it was already 46kish/49k, so couldn't make it

Using scripts should be considered cheating.
The whole reason people are made to wait an hour before the token becomes valid is to prevent the use of scripts. (bots)
Devs, since this person admitted they are using scripts and other deceptive methods can we please remove their stake?
member
Activity: 115
Merit: 10
PoSToken
Hi guys,
Only the first 49750 addresses will receive their fair share,
The distribution will be made in the coming hours

Thanks,
Faircoin Team
Thanks !
full member
Activity: 154
Merit: 100
Coinoholic
Really. I got 10 shares and I'm perfectly fine with that. If you want more just wait until an exchange thread pops up and 98% of the initial holders dump for dirt and buy in..
full member
Activity: 126
Merit: 100
Geister?! Geister?! Geister???!! Weißbroooot!

Such silent devs, so many confusions. wow
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