[DISCUSS] Was the CoinyeCoin the worst coin launch ever or what?

captchunk

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Quote from: MisO69 on January 08, 2014, 10:09:35 AM

Quote from: Warning__3 on January 08, 2014, 10:02:54 AM

It won't get added to any exchanges, since the lawyers said they would take legal actions upon any exchange that used it...

If the exchange operators are smart they will add it and then tell the media they are ready for a fight.

Sure, no such thing as bad publicity...besides with the logo change, Kayne's legal argument becomes super-thin at best since it is now clearly a parody. The old logo, not so much. I'd be willing to bet that Comedy Central might even have better grounds for an infringement case at this point.

Overall dumb move by Kayne. Legal threats won't stop this, it'll only draw attention to it. God forbid someone from Kayne's team actually try and reach out to the developers to work out a mutually beneficial arrangement. Kayne could have at least endorsed it, and why not? He raps about money and bling (I'm guessing), so how much cooler could it be to have an actual payment system in his name, giving him all that free publicity?

The old logo was actually flattering to Kayne. Now he's stuck with the GayFish logo.

KeyserSozeMC

hero member

Activity: 742

Merit: 500

I'm dying.

Quote from: frobley on January 08, 2014, 10:59:52 AM

wallet no sync - me no mine

You don't do your research, you lose.

: )

A lot of info posted about the wallet issue.

frobley

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Activity: 708

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wallet no sync - me no mine

bitbox

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Activity: 84

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Quote from: yak on January 08, 2014, 10:17:38 AM

the best part of the whole coinye coin fiasco is this:

- Technical Details:
Algorithm: Scrypt
Max Coins: 133,333,333,333
Block time: 90 Seconds
Difficulty Re-Target Time: 12 hours
Block Rewards: 666,666 COYE
Every 100k blocks, the payout halves

There have been several diff changes already....

+1

I was expecting network hash rate to go over 1GH/s (due to media coverage) and wanted to mine some of these coins. I started mining on http://coye.minersbest.com less than an hour after release, few shares were submitted to the pool, but balance is still zero 12 hours later. Huh

What a waste of time...

I decided to switch to another coin.

atomiccloud

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Quote from: MisO69 on January 08, 2014, 10:25:21 AM

With 3Gh on the network after only 14 hours I think it will be on the Chinese exchanges in no time.

agreed!

tokyoghetto

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Quote from: MisO69 on January 08, 2014, 10:25:21 AM

With 3Gh on the network after only 14 hours I think it will be on the Chinese exchanges in no time.

your name makes me hungry

MisO69

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My mule don't like people laughing

With 3Gh on the network after only 14 hours I think it will be on the Chinese exchanges in no time.

atomiccloud

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Quote from: Warning__3 on January 08, 2014, 10:02:54 AM

It won't get added to any exchanges, since the lawyers said they would take legal actions upon any exchange that used it...

There are plenty of exchanges not based in the US that could get away with it

jawnfu

newbie

Activity: 32

Merit: 0

Quote from: MisO69 on January 08, 2014, 10:08:37 AM

It was fine. Much better than most and it went according to plan.

The reason for so many pools was to give people options when the pool they were mining on was ddosed. If you were smart you would have setup different batch files for a few different pools making switching quick and easy.

I got the client working almost immediately, it was fine everything worked. The difficulty was low at the beginning, but we like that, we like to see blocks fly by. Lots of orphans.. I did not find a single block soloing. I did expect that with all the hype. So I switched to a pool around and hour after launch when the difficulty hit 16. I have about 700,000 Coinye now with 10Mh. I think I'll keep mining this. I suspect the price will go up sharply as people want to get their hands on these coins.

This.

Had absolutely no issues since I registered to several different pools and had my batch files ready to go. Wallet took about 10-15 minutes to connect and sync but not a big deal. Overall pretty decent launch.

yak

sr. member

Activity: 266

Merit: 250

the best part of the whole coinye coin fiasco is this:

- Technical Details:
Algorithm: Scrypt
Max Coins: 133,333,333,333
Block time: 90 Seconds
Difficulty Re-Target Time: 12 hours
Block Rewards: 666,666 COYE
Every 100k blocks, the payout halves

There have been several diff changes already....

That and if you look at the blockchain there were several people premining it before it launched actual launch.

There is also of course the 2 different website urls that were circulating, the ""fake"" password for the zipfile tweet that was quickly deleted, the 30 minute 'late' start ("we just need another ten minutes guys u know u love us."), the file not found on the link to the zipfile ON THEIR OWN website (on one of the websites, not the other, tho the urls were both different)

I sent them a bunch of tweets about all of these issues, well before the launch, with no replies (surprisen't)

tokyoghetto

legendary

Activity: 1232

Merit: 1000

Quote from: FranceGuy1 on January 08, 2014, 10:10:16 AM

Anyone mining this coin is a complete retard.

unless you mine and dump...then you are smart

im giving away 100k Coinye to people on my facebook, to introduce them to cryptos.

KeyserSozeMC

hero member

Activity: 742

Merit: 500

I'm dying.

Quote from: Warning__3 on January 08, 2014, 10:02:54 AM

It won't get added to any exchanges, since the lawyers said they would take legal actions upon any exchange that used it...

They can't sue people from Europe.. Roll Eyes

So.. THAT GAME.

FranceGuy1

newbie

Activity: 28

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Anyone mining this coin is a complete retard.

tokyoghetto

legendary

Activity: 1232

Merit: 1000

this is why a FairLaunch would have ZERO blockrewards for the first couple blocks, and a gradual block reward increase....think Stablecoin launch. This allows for a proper chain to be developed and for pools to get setup.

Also devs are retarded for launching a coin with such a low diff, knowing that 10ghash was waiting to rape this bitch.

dump this turd and move on to the next scam.

MisO69

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Activity: 1946

Merit: 1005

My mule don't like people laughing

Quote from: Warning__3 on January 08, 2014, 10:02:54 AM

It won't get added to any exchanges, since the lawyers said they would take legal actions upon any exchange that used it...

If the exchange operators are smart they will add it and then tell the media they are ready for a fight.

MisO69

legendary

Activity: 1946

Merit: 1005

My mule don't like people laughing

It was fine. Much better than most and it went according to plan.

The reason for so many pools was to give people options when the pool they were mining on was ddosed. If you were smart you would have setup different batch files for a few different pools making switching quick and easy.

I got the client working almost immediately, it was fine everything worked. The difficulty was low at the beginning, but we like that, we like to see blocks fly by. Lots of orphans.. I did not find a single block soloing. I did expect that with all the hype. So I switched to a pool around and hour after launch when the difficulty hit 16. I have about 700,000 Coinye now with 10Mh. I think I'll keep mining this. I suspect the price will go up sharply as people want to get their hands on these coins.

Morticio

full member

Activity: 238

Merit: 100

i'm not in good pool at start and certainly lost a lot because of that... But, mooncoin launch... it's near impossible to be more horrible...

Warning__3

full member

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Merit: 100

It won't get added to any exchanges, since the lawyers said they would take legal actions upon any exchange that used it...

atomiccloud

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Merit: 10

COMM:CUA9LQiSKXG8Ed79qNz6bZv4NbSCS6RUb7

Quote from: bigb159 on January 08, 2014, 09:55:57 AM

What a late-night headache that was. Badly handled release of passworded wallet, which everyone had to download through torrents and unofficial filesharing links (web link was broken), only to find that the dev uploaded without password at launch-time. Mac QT doesn't even work yet. Pool ops had to work with forked chains, main pool crashed and hasn't been seen since, and other pools were accused of fraud.

https://bitcointalksearch.org/topic/coinye-koicoye-you-cant-kill-a-gayfish-396068

It was pretty terrible. I lost out on a lot of coins because it was difficult finding a pool that worked. This coin was just supppeerrr hyped and then rushed out because of the legal issues and everything just kind of fell apart. Didn't seem like it was thought out to well.

At 7pm (the launch time) we were supposed to get our wallet keys and still had to wait another 10 minutes because they were giving them out to pool owners first. Should of just been told to everyone at one time and let it go from there.

Oh well, I am up and mining now and have a good bit of coins. Now I just need to cross my fingers and hope it makes it onto a decent exchange.

bigb159

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Activity: 163

Merit: 100

What a late-night headache that was. Badly handled release of passworded wallet, which everyone had to download through torrents and unofficial filesharing links (web link was broken), only to find that the dev uploaded without password at launch-time. Mac QT doesn't even work yet. Pool ops had to work with forked chains, main pool crashed and hasn't been seen since, and other pools were accused of fraud.

https://bitcointalksearch.org/topic/coinye-koicoye-you-cant-kill-a-gayfish-396068

Topic: [DISCUSS] Was the CoinyeCoin the worst coin launch ever or what? (Read 1289 times)