Topic: [ANN][PWC: PREMINE ALERT][Proof inside]Powercoin was PREMINED for 56.000 coins (Read 3306 times)
May 22, 2013, 01:38:58 AM
I thought it was already common knowledge that powercoin was a sack of crap, pre-mined scam coin?
May 22, 2013, 12:59:47 AM
Thank you for necroing the threat to point that out.
May 22, 2013, 12:57:18 AM
Ha ha ha,
Oh poor boy. You call 56K coin premine something sensational? Newsflash: EVERY coin has some form of pre/instamine. 56K is NOTHING in comparison to Bitbar, Mincoin, PPC, Novacoi, Feathercoin, CNC, BTC, Litecoin etc.
Sure it shouldn't happen but a 56k coin premine is hardly sensational by any means.
Oh poor boy. You call 56K coin premine something sensational? Newsflash: EVERY coin has some form of pre/instamine. 56K is NOTHING in comparison to Bitbar, Mincoin, PPC, Novacoi, Feathercoin, CNC, BTC, Litecoin etc.
Sure it shouldn't happen but a 56k coin premine is hardly sensational by any means.
Your hero title should be stripped. Litecoin came with 2 blocks pre-mined for a total of 150 LTC. I won't even go into the others.
pls go
56k powercoin @ current selling price is ~200 or 250 tops LTC. 250 vs. 150 not to big of a difference in the overall scheme of things to me.
May 13, 2013, 10:45:57 PM
if i see that "proof" image one more time my eyes are gonna explode. 
I'm really feeling the PWC revolution.
I'm really feeling the PWC revolution.
May 13, 2013, 10:34:00 PM
So, when I was lucky enough to be at the launch of an altcoin, I found it strange that I had to synch nearly 2000 blocks while I joined in merely 10 minutes after the forum release.
Today I spent all day setting up Abe's blockexplorer and I did some digging in the Powercoin blockchain. I sourced the blocknumber @ the releasetime, which was 1:55:59 UTC.
The dev (NMO) kept insisting there was no premine. While in fact 56K coins were premined.
I tried to get him to discredit himself by asking for a bribe, but he didn't bite to that. He insisted it was not a premine and was not intended as such. He will probably keep saying this this was "not a premine". LOL.
Ah well, let the proof speak for itself:
EXTRA FACT
- The linux compile was botched beyond repair and could not be compiled without serious knowledge of the code. It still cannot. Linux users were heavily hindered. NWO was ready and has admitted that he would mine from release - the linux botching might have been on purpose so that he had more time to reap the benefits of the early easy difficulty. This is mere speculation of course, but as more things are fishy, this is a viable option.
Also, I did manage to mine 6K during the low difficulty, but the premine made me think of them as worthless. I have no issues discrediting this filthy premined junkcoin clone.
//edit
This just in: NWO plans to sue me for uncovering his uncomfortable truth
Today I spent all day setting up Abe's blockexplorer and I did some digging in the Powercoin blockchain. I sourced the blocknumber @ the releasetime, which was 1:55:59 UTC.
The dev (NMO) kept insisting there was no premine. While in fact 56K coins were premined.
I tried to get him to discredit himself by asking for a bribe, but he didn't bite to that. He insisted it was not a premine and was not intended as such. He will probably keep saying this this was "not a premine". LOL.
Ah well, let the proof speak for itself:
EXTRA FACT
- The linux compile was botched beyond repair and could not be compiled without serious knowledge of the code. It still cannot. Linux users were heavily hindered. NWO was ready and has admitted that he would mine from release - the linux botching might have been on purpose so that he had more time to reap the benefits of the early easy difficulty. This is mere speculation of course, but as more things are fishy, this is a viable option.
Also, I did manage to mine 6K during the low difficulty, but the premine made me think of them as worthless. I have no issues discrediting this filthy premined junkcoin clone.
//edit
This just in: NWO plans to sue me for uncovering his uncomfortable truth
Quote
Stop getting so defensive. I have everything documented and it is going to the law firm this afternoon. You rattled the wrong hornets nest.
You threaten to deface a brand by extorting me yet now try and make out you are not doing that. I'm collecting your IP and email from admin as we speak.
You threaten to deface a brand by extorting me yet now try and make out you are not doing that. I'm collecting your IP and email from admin as we speak.
No one is suing you. You are however pretty much a total slut for 'finding' something we all knew and trying to extort someone on PM. Ha ha, what a fucking fail-kid
May 13, 2013, 10:08:23 PM
Guys... I don't think there's anything strange. 56,000 coins = 1200 blocks?
Even this is true, then I'd say the dev are pretty nice. I remember that CNC when launched, had 2000+ blocks premined? 1200 blocks are nothing to me, lol
Even this is true, then I'd say the dev are pretty nice. I remember that CNC when launched, had 2000+ blocks premined? 1200 blocks are nothing to me, lol
May 13, 2013, 10:05:30 PM
What that, they're both limitless? Ah shit
May 13, 2013, 10:02:00 PM
There is nothing wrong with premining 56k coins if you would of told everyone when or before you released the coin that you premined it and why.
However this is not the case rather the coin creator went on without telling anyone until confronted about it as if the blockchain wouldnt make it obvious where those 56k coins went.
However this is not the case rather the coin creator went on without telling anyone until confronted about it as if the blockchain wouldnt make it obvious where those 56k coins went.
May 13, 2013, 09:56:54 PM
What a lie, see the original thread, some early people see block 200 something. There are too many liars in this forum!
The block chain doesn't lie...And the OP already admitted it was premined...But thx for coming out...Next time, actually read the thread, before you post
May 13, 2013, 09:55:52 PM
May 13, 2013, 09:55:06 PM
What a lie, see the original thread, some early people see block 200 something. There are too many liars in this forum!
May 13, 2013, 09:51:01 PM
1) The only person involved in immoral behavior here is the OP who tried to extort NWO: give me money or I will make your coin look bad. This is not only immoral, but illegal, it's a crime known as blackmail or extortion.
2) Even if there was a minuscule premine (which I doubt), but even if the OP was right, 55000 coins out of 100 million, it's a drop in the Ocean that NWO keeps giving in bounties and giveaways. A complete non-issue.
3) The BTER fiasco was my fault as I admitted before. I was in contact with some guy from Shanghai, China, who supposedly is in the BTER team and he said "Yeah, sure we will add it!" when I explained the Powercoin project to him.
2) Even if there was a minuscule premine (which I doubt), but even if the OP was right, 55000 coins out of 100 million, it's a drop in the Ocean that NWO keeps giving in bounties and giveaways. A complete non-issue.
3) The BTER fiasco was my fault as I admitted before. I was in contact with some guy from Shanghai, China, who supposedly is in the BTER team and he said "Yeah, sure we will add it!" when I explained the Powercoin project to him.
So just taking some random guys word for it is your defense? How come you guys didn't go through the official email [email protected] to verify? Also, it was stated there was no pre-mine, now you guys are admitting there was, but since it was a "minuscule premine", hey that's ok, it was just a fib. Smells like a giant scam to get people to buy into your launch and now you guys are coming up with weak excuses to try and keep it going for a bit longer.
Praxis was first one to post after OP in that thread so you count 2 and 2 mate
I think praxis is NWO.
May 13, 2013, 09:40:40 PM
1) The only person involved in immoral behavior here is the OP who tried to extort NWO: give me money or I will make your coin look bad. This is not only immoral, but illegal, it's a crime known as blackmail or extortion.
2) Even if there was a minuscule premine (which I doubt), but even if the OP was right, 55000 coins out of 100 million, it's a drop in the Ocean that NWO keeps giving in bounties and giveaways. A complete non-issue.
3) The BTER fiasco was my fault as I admitted before. I was in contact with some guy from Shanghai, China, who supposedly is in the BTER team and he said "Yeah, sure we will add it!" when I explained the Powercoin project to him.
2) Even if there was a minuscule premine (which I doubt), but even if the OP was right, 55000 coins out of 100 million, it's a drop in the Ocean that NWO keeps giving in bounties and giveaways. A complete non-issue.
3) The BTER fiasco was my fault as I admitted before. I was in contact with some guy from Shanghai, China, who supposedly is in the BTER team and he said "Yeah, sure we will add it!" when I explained the Powercoin project to him.
So just taking some random guys word for it is your defense? How come you guys didn't go through the official email [email protected] to verify? Also, it was stated there was no pre-mine, now you guys are admitting there was, but since it was a "minuscule premine", hey that's ok, it was just a fib. Smells like a giant scam to get people to buy into your launch and now you guys are coming up with weak excuses to try and keep it going for a bit longer.
Praxis was first one to post after OP in that thread so you count 2 and 2 mate
May 13, 2013, 09:09:09 PM
Ha ha ha,
Oh poor boy. You call 56K coin premine something sensational? Newsflash: EVERY coin has some form of pre/instamine. 56K is NOTHING in comparison to Bitbar, Mincoin, PPC, Novacoi, Feathercoin, CNC, BTC, Litecoin etc.
Sure it shouldn't happen but a 56k coin premine is hardly sensational by any means.
Oh poor boy. You call 56K coin premine something sensational? Newsflash: EVERY coin has some form of pre/instamine. 56K is NOTHING in comparison to Bitbar, Mincoin, PPC, Novacoi, Feathercoin, CNC, BTC, Litecoin etc.
Sure it shouldn't happen but a 56k coin premine is hardly sensational by any means.
Exactly, ALL COINS have some form of premined. These coins are going into projects to further push PowerCoin forward by paying out bounties, websites, wikis. This is not free. Labour is not free.
Whoever is ignorant enough to believe OP is clearly a troll or new to cryptocurrencies. This is no revelation. Compared to other coins, it is minuscule. I bet you all support those 'other' premined coins. Really subjective of you Boxman90, well done. Yet you fail to mention every other coin.
Seriously? 56k coins pre-mined is coo with you?
Any forks besides LTC shouldn't even be mentioned since they're closer to scamcoins than anything else. PWC brought no innovation to cryptocurrencies and with 2k blocks pre-mined is a slap in the fuking face.
As far as I'm concerned, any supporters to your coin in this thread are from the same IP.
Yet those supporters are valued members of the community who know what is right from wrong. Have some respect.
There is no respect given for stealing work without providing some sort of innovation. Your point is moot and your coin should be a banned acronym on this board.
May 13, 2013, 09:06:53 PM
Ha ha ha,
Oh poor boy. You call 56K coin premine something sensational? Newsflash: EVERY coin has some form of pre/instamine. 56K is NOTHING in comparison to Bitbar, Mincoin, PPC, Novacoi, Feathercoin, CNC, BTC, Litecoin etc.
Sure it shouldn't happen but a 56k coin premine is hardly sensational by any means.
Oh poor boy. You call 56K coin premine something sensational? Newsflash: EVERY coin has some form of pre/instamine. 56K is NOTHING in comparison to Bitbar, Mincoin, PPC, Novacoi, Feathercoin, CNC, BTC, Litecoin etc.
Sure it shouldn't happen but a 56k coin premine is hardly sensational by any means.
Exactly, ALL COINS have some form of premined. These coins are going into projects to further push PowerCoin forward by paying out bounties, websites, wikis. This is not free. Labour is not free.
Whoever is ignorant enough to believe OP is clearly a troll or new to cryptocurrencies. This is no revelation. Compared to other coins, it is minuscule. I bet you all support those 'other' premined coins. Really subjective of you Boxman90, well done. Yet you fail to mention every other coin.
Seriously? 56k coins pre-mined is coo with you?
Any forks besides LTC shouldn't even be mentioned since they're closer to scamcoins than anything else. PWC brought no innovation to cryptocurrencies and with 2k blocks pre-mined is a slap in the fuking face.
As far as I'm concerned, any supporters to your coin in this thread are from the same IP.
Yet those supporters are valued members of the community who know what is right from wrong. Have some respect.
I've only counted 1 supporter
May 13, 2013, 09:05:54 PM
Boxman90 clearly isn't happy that I didn't fall for his extortion attempt otherwise he would have listed ALL of the altcoins which have been premined or instamined. Yet he targets PWC because I will not subdue to such a criminal, who knows how many altcoin creators he has extorted in return to not deface their coins. I think this is a serious issue which will be presented to the appropriate parties.
PROOF!
PROOF!
He asked for PWC which is essentially worth nothing, so, how is it extortion? He asked you to give him nothing lol
May 13, 2013, 09:05:29 PM
Ha ha ha,
Oh poor boy. You call 56K coin premine something sensational? Newsflash: EVERY coin has some form of pre/instamine. 56K is NOTHING in comparison to Bitbar, Mincoin, PPC, Novacoi, Feathercoin, CNC, BTC, Litecoin etc.
Sure it shouldn't happen but a 56k coin premine is hardly sensational by any means.
Oh poor boy. You call 56K coin premine something sensational? Newsflash: EVERY coin has some form of pre/instamine. 56K is NOTHING in comparison to Bitbar, Mincoin, PPC, Novacoi, Feathercoin, CNC, BTC, Litecoin etc.
Sure it shouldn't happen but a 56k coin premine is hardly sensational by any means.
Exactly, ALL COINS have some form of premined. These coins are going into projects to further push PowerCoin forward by paying out bounties, websites, wikis. This is not free. Labour is not free.
Whoever is ignorant enough to believe OP is clearly a troll or new to cryptocurrencies. This is no revelation. Compared to other coins, it is minuscule. I bet you all support those 'other' premined coins. Really subjective of you Boxman90, well done. Yet you fail to mention every other coin.
Seriously? 56k coins pre-mined is coo with you?
Any forks besides LTC shouldn't even be mentioned since they're closer to scamcoins than anything else. PWC brought no innovation to cryptocurrencies and with 2k blocks pre-mined is a slap in the fuking face.
As far as I'm concerned, any supporters to your coin in this thread are from the same IP.
Yet those supporters are valued members of the community who know what is right from wrong. Have some respect.
May 13, 2013, 09:04:16 PM
Whether or not the OP tried to extort you doesn't change the fact that you premined the first 2000 blocks. Time to add powercoin to the growing list of alt coins that die within their first 2 weeks.
2 days....
May 13, 2013, 09:04:12 PM
Boxman90 clearly isn't happy that I didn't fall for his extortion attempt otherwise he would have listed ALL of the altcoins which have been premined or instamined. Yet he targets PWC because I will not subdue to such a criminal, who knows how many altcoin creators he has extorted in return to not deface their coins. I think this is a serious issue which will be presented to the appropriate parties.
PROOF!
PROOF!
May 13, 2013, 09:02:44 PM
Whether or not the OP tried to extort you doesn't change the fact that you premined the first 2000 blocks. Time to add powercoin to the growing list of alt coins that die within their first 2 weeks.
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