Topic: [ANN][USB][RELAUNCH] USBCoin | POS+Block Validation | BitTrex | Post-Mined - page 3. (Read 15166 times)

just let this shitcoin die ....

rub it in lol ...

max coins unlimited?

We will soon produce hard forx in 6715, then launch a new version, contact bittrex, then change over

this got to be the worst advertising i've ever seen ..

 

Normally i never comment on other threads, but please give it a break. Original coin owner postmine the coin with a few millions, he dumped it on the market and he stole, i don't know, 50 BTCs or maybe more. And now someone really want to re-launch it? Give me a break. Re-launch a coin that promise to work like a USB stick. Did someone check it that this functionality even exists or is working. Let it just die. People lost their money because of shit owner. If you want to join a coin that really stay around more then a few hours then you can always find me

so what did you do ? and will our coins stuck at bittrex be of any value ? are you rolling back the blockchain ?

WTF - MOFO - OMG - ROFL

Please stop.

Links are temporary placeholders, I'm waiting on team to give me the actual ones, this is just the preliminary RE-ANN post so you guys have a new home here away from the one the scam dev originally made in the OP thread.. we'll keep this updated w/ all the fixed githubs & new website, hang tight ^^

As for 'what happened..?' Read the notes I posted myself in ANN above^, explains the whole scam's history that occured w/ this coin, from A to Z, I might have lost a sizable amount of my cryptostash forever had it not been for Kassado's helpful code fix

scam, dev can add manually block cause crack in code. So did he... and he dump milions of coins

gook luck man

Beware, links are odd.

Guys, what happened on 1st launch?

Another week, another sad degenerate scam operation in cryptoland. Several days ago, yet one more anon 'newbie-account' coin 'dev' surfaced with the concept for this altcoin, USBCoin. As it sped through its PoW phase smoothly, a number of mining pools & crypto-exchange sites started listing it. This raised the visibility, popularity & perceived 'trust' level of the coin until, as the former dev had been aiming for, USBCoin finally got added onto BitTrex.

Once there it didn't take long for suspiciously large & violent dumps to ravage the USB buy-side orderbook not once, not twice or even thrice, but 4-6 times before the exchange owners were alerted and paused the scammy carnage. The notable part here is there actually had not been a hidden premine after all - instead, the scam was made possible thanks to something that could be termed a 'hidden postmine', in which a dishonest dev generates a larger-than-accounted-for amount of coins for dumping -after- regular users could mine coins, as opposed to before they could mine. By disabling the common function of code that has blockchain networks validating block reward amounts, it was possible to user-specify any desired amount of USB to be rewarded per block, effectively allowing the creation of an 'infinite supply' of coin.

Thanks to the ever-resourceful #RubyCoin dev, Kassado, however, we now have a fix on this coin which properly enables such block reward validation controls thus at last limiting max coin supply to a fixed amount, although unfortunately larger than had been specified in the original whitepaper.

Continued maintenance & development of the coin is to soon be passed from Kassado's generous mantle onto a longer-term re-launch dev from the community ; while MacDever's team & I shall be your community/info resources. Kassado has turned down any direct remuneration for his invaluable help, preferring that any donation efforts be instead directed to buying RubyCoin, another solid & promising altcoin he has been the lead dev of.

_{In addition, although it is noteworthy that BitTrex is quickly losing all patience with these brazenly unscrupulous scammer '48hr devs', and have actually started to discuss aggressive ways to contain the threat they pose before much damage is done each time ; It is of paramount importance that each trader strive to remember, and apply, the principle of self-responsibility for your own actions, your own investment/trading decisions, and the importance of doing your own research. It does not fall upon exchange websites' shoulders to hold your hands through inherently risky volatile markets nor to shield you from the potentially market-adverse effects of deceptively compiled open source software.}

• Coin Name : USBCoin
• PoW Algorithm : X11
• PoW + PoS Hybrid
• Confirmations for PoW blocks to mature : 20
• Difficulty : Re-Target @ Each block
• PoW Total Blocks: 6000 PoW blocks
• Total coins : ~13,200,000 USB
• 30 second block time
• PoW block reward : 1000 USB (first 10 blocks reward 1 USB to prevent Instamine)
• Confirmations for PoS blocks to mature : 40
• Transaction confirmations : 3
• POS Starts at 1000th block
• PoS Interest : 2% Yearly
• Post-Mine Dump Exploit Fixed
• No Instamine
• No IPO

[>] On AllCoins
[>] On BitTrex



^{**USBCoin is Pure POS now, mining is no longer possible**}

http://usb.v2.dedicatedpool.com
http://x11-x13-pool.org/usbcoin
http://pool.darktech.org:8080
http://suchpool.pw/usb
http://usb.pool.mn/
http://lightninghash.com/
http://usb.hashhot.com/
http://usb.geilidao.com/
http://usb.minerpools.com/
https://www.minep.it/pool/usb/
http://pools.cryptoskills.com/
http://usb.cryptoday.info/
http://lightninghash.com
http://usb.hashlink.eu
http://xhash.net





USB Dongle Key is a common tool to add extra security to your activities. Including securing software related to bank accounts and securing money transfers. For example some banks offers their customers USB security tokens in order to protect their transactions. We are willing to allow our coin users to adopt similar technolgy.







It is common knowledge that every device including USB have a unique number imprinted in it. Even without producing expensive custom usb dongles we can significantly improve your security with simple flash drive. To do this we will update standard X11 wallet with additional encryption. In order to install your wallet you need to connect your USB flash drive to your PC. Wallet will begin installation only if USB dflash drive is connected to your workstation. While installing your flash drive serial number will be encrypted within your wallet.dat file. As soon as your wallet is installed you will be prompted to write down your USB serial number just in case you lose your flash drive. Please note that wallet installation will format your flash drive.



After your wallet is installed to your USB drive it will periodically check device serial number of the USB connected to your PC. If you do not have USB flash connected to your PC or if it has different serial number your wallet will not be able to connect to the network.




What should I do if I lose my USB key?
When installing your wallet DO NOT FORGET to write down your flash drive serial number. If you will lose your flash drive you will have to manually update your flash drive firmware and format new USB drive using tool that will be available with wallet. When formattig your USB drive you will be prompted to enter your dedicated serial number. Then you simply copy your wallet.dat on it.



"Post-Mine Infinite Supply" Dump Scam - Now fixed by Enabling Block Validation :
Dev was a scammer who modified source code by not having the standard blockchain network propagation validation feature enabled - allowing any 'rogue' mining/wallet client to specify block rewards of any size to be received - basically awarding the user infinite amounts of USB. First 100 block rewards were 1 coin per block by default.





Since we do not premine or instamine bounties may only be funded by donations. You may also do the good stuff for USBCoin. Your community contributions will be posted in the OP with your USB address added so anybody will be able to donate if they feel your deed is helpful for the coin.

Please donate to USB Promotional Fund so we could announce some bounties and reward people who are trying to help USBCoin!

~> [ Address Pending ]

 Thanks to all for your donations!


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