It is a scam bros it is a scam. why? When ALQO started blockchain, the mining was over 4 TH. For a new coin with no famous DEVs and no history in crypto . What makes it more suspicious is that when Nicehash went down, the Hashing on this coin also went down from 4 TH to only 400GH...! So someone knew this coin would start and invested all his money in Nicehash to buy the 4 TH hashing power. And this coin only has one year POW. Who else than an insider would invest so much money in renting Hashing power if the coin is so new?
And you get extreme amount of coins if oyu have the majority of Hashing power. Note this is also Quark Algo, so there are more than enough AISCs for it. Easy to fast mine.
Now the Hashing power is even higher , i think because now that the price exploded from 500 sats to up to 3000 sats, the real miners who are not the devs get involved.
Also, ALQO team as i said has no experience in Crypto, yes they know programming, but they dont know how to make a new Algo or make a new technology.
Everything up until now is forked. And also the idea of cold storage and so on , the ideas of the whitepaper , are the same as Particle.
Particle though has a real DEV team and they are developing since 4 to 5 years.
Another very important thing is you should pay attention too:
If the Devs are very communicative and all day in chat and every day there is some new exciting anouncement , then the coin is probably a scam.
SOrry for thos who bought high. I bought at 1000 sats and sold at 2400 , so i am fine, and i alo was an early investor, but after i stopped convincing myself and saw their github and cheched the devs background (only one dev here who knows programming, others are only community managers) , the dev had a gaming software company and couldnt make money with it. He see now crypto is easy money and pulls up this marketing gag with forked elements.
His name is Kevin Collmer. He will tell you in chat that he closed his company to only focus on crypto. no, he closed it because he didnt make money
Maybe he is serious to really make a crypto ptoject. but would you give your money into the hands of some guy who know programming but has no experience in crypto and also has no new tech to offer at all? They only have the basis of litecoin bitcoin and dash , and he is tweeting the whole time that he is going to mars... why ? because of a fork ? just trying to warn you. do your research, check waht is in their guthub, check if they have anything of their own.
Dont fall for the fancy names they come up with like, libra effect and Liberio and palacio. To make the libra effect the just change some variables in the already open source code of Dash. That takes an hour if you are smart. That is not crypto programming. Thats just paste and copy shit.
There is a lot more. But be aware any crypto promising you make the big bucks fast, is a scam. Crypto tech is far from being mainstream , most coins need a lot of development. The good coins have a slow but steady growth until they explode. And Devs usually dont party because the price goes to the moon.
They party if they have some new tech which is working great.
Anyway this coin is not 5 million worth. right now. not even 10000 USD, because it is just a fork.
Oh and they also have the Masterode hosting service, where they make additional money.
Why do i post this? if you are new to ALQO be happy i tell you this. And if you are one of the guys who was there early and knows this is a scam but dont say anything because you want to profit as much as possible, then F U!
Crypto is a fucking dirty place, it about billions of dollars. All the market is manipulated, but if oyu really want to invest in the tech, then find good tech and invest in it. Because good unique tech might also have its pumps and dumps, but in the long term you will profit. ALQO is not unique tech just some scam shit like KOREcoin who promis you the Pig who gives Eggs wool and milk.
guys, i warned you. Maybe for some too late. But i was also convinced at first that they are honest. Even if they show themselves and communivate a lot i know know this means nothing. Peace
1) "What makes it more suspicious is that when Nicehash went down, the Hashing on this coin also went down from 4 TH to only 400GH...! So someone knew this coin would start and invested all his money in Nicehash to buy the 4 TH hashing power." Only 1 person rented around 4 TH/s? How do you know?
2) "If the Devs are very communicative and all day in chat and every day there is some new exciting anouncement , then the coin is probably a scam." But you just said that some people on the team are community managers...Isn't it their JOB to communicate? Also, there actually isn't a new, exciting announcement every day, majority of the time the team is helping the rest of the community out
3) "the dev had a gaming software company and couldnt make money with it." Sounds like an ad hominem attack, you also haven't posted any sources that the gaming software company didn't produce profit.
4) "There is a lot more. But be aware any crypto promising you make the big bucks fast, is a scam." ALQO has not promised me that I'd get rich quick...at all.
5) "Anyway this coin is not 5 million worth. right now. not even 10000 USD, because it is just a fork." ALQO isn't a fork of anything, also it is worth what people are willing to put into it and therefore it has gained its value fair and square.
I'm sorry but I'm going to have to completely disregard your post, not only do you blatantly attack the team and the community, you do not post any sources and/or evidence at all. I would call it FUD.
- Monotone Bard
So, if I wanted to get started with that project.. would it be worth it? Am I welcome? Where should I search for information?
