The only shady thing that I can see here was the attempt by the dev to keep hiding the fact that the coin was a hack job/copy/paste from Shadow coin. He admitted it ONLY after being caught instead of disclosing it in advance as he should have.
did the dev try to keep the fact that seedcoin was forked from shadowcoin? i was not here from the beginning, only started 1 day before growth period as i was honestly intrigued by how 269% daily interest would work out, I got 0.19 SEED to play with
doesnt really matter to me if the coin was forked, practically all alt-coins are
from checking github:
https://github.com/cryptzo/seedcoinit is for all to see that seedcoin was forked from shadowcoin (which was forked from blackcoin, which was forked from novacoin)
it is there on the upper left, right under cryptzo/seedcoin
Other than that and the obvious incompetence and lack of foresight -to levels of first year of High School and lower-, I don't believe it is a scam, no.
you said that you do not insult, those words sound very insulting to me
anyway, from the time i bought SEED, i witnessed two problems that were immediately identified and fixed in a matter of hours
ive seen other alt-coins take days and months even coming up with fixes
well thats my two cents
cheers
Yes he hid that fact until it was posted here and then he obviously had no choice but recognized it. Whether it matters to you or not is as irrelevant as is your OPINION that "practically all alts are". This one is and, as such, is the obligation of the dev -
and those sponsoring him- to make that know publicly and end the false pretenses that there was "innovation" in this coin.
Regardless of what you may choose to consider "very insulting", to post FACTS such as the obvious incompetence of the dev, demonstrated by the many flaws, some "fixed" some not; all unknown or not considered prior to launch, is not insulting, it is posting FACTS. You may feel very insulted, for instance, if anyone tells you that you are very short, but if you are Danny de Vito, you are obviously choosing to be insulted. Perhaps in that scenario you would prefer to be called LeBron James, but I doubt Mr. De Vito would have the same opinion.
And, by the way, the incompetence is at such levels that this guys did not even consider the limit in digits that would be widely surpassed by the absurd gimmick of the 269% daily, which any first year high schooler would have thought about in under a minute.
Not to mention that, at this stage, this guy is as clueless as anyone can be as to what the behavior of the "mechanics of the staking" will actually be.
You may choose less direct terms, such as "premature". Or coating it with chocolate and a cherry on top. I call it like it is: Incompetence and irresponsibility.
Another thing: The current one is the 5th iteration of the wallet. Even though there were as minimal as you can get number of investors in the ICO -which sold 67 coins total... historic, I know-, a full 12% of people is still NOT STAKING (the only lure of this project, because of the absurd gimmick) and that have been left to dry and lost 99.99% of their investment due strictly to the dev's incompetence. People investing in ICO's, unless previously WARNED, don't have to be reading the BitcoinTalk Thread 24/7, you know? That's not how this things, when done competently, are supposed to work. And yes, I am aware you have see it all... the only thing that I can say to that is that you were in all the wrong coins and probably their devs gots a much harsher treatment than this one is getting. I am QUITE SURE though, none of those debacles came with the recommendation of a solidly established set of developers of the only altcoin the have ever reached THE WAL OF HONOR. So there's not even a remote point of comparison, ok?
