I hope everybody can still remember the VISAcoin SCAM.
I think I have tried my best to list out the HKC problems, my evidence why HKC is coingen coin, and my reasons why HKC project is a SCAM.
For those who are interested in the upcoming evidence provided by the HKC dev team to prove that they are not scammer and to prove that HKC is not a coingen coin, please visit HKC's ANN thread.
Please remember when HKC turns out to be a SCAM and HKC miners or buyers finally lost their minting efforts or BTC, please remember that a HongKonger Cryptobuddy has warned you before, and your loss is not because of Hong Kong.
Now this thread is locked. Good luck to all HKC supporters!
Topic: HongKongCoin HKC |Chinese Coingen Coin| Evidence |A BIG SCAM| No Integrity (Read 7002 times)
April 10, 2014, 01:54:22 AM
April 10, 2014, 01:22:25 AM
....I believe one person in the ann thread (or maybe even it was here), said two coingen wallets couldn't be open at the same time, or they wouldn't work. Yet this didn't occur with HKC. Does that disprove it's coingen, or is there a way around that?
This is a lie. Please download and install two coingen wallets http://coingen.io/status.html. Both coingen wallets could be opened at the same time.
Please try by yourself. Not just trust what you heard... try by yourself.
Well, that is why I asked. I'm not overly concerned whether it's a coingen coin or not. So I have no desire to download multiple wallets, test, or put research in.
Actually, your attitude is biased as well. You keep questioning on my evidence. However, you have refused to perform a simple test to confirm whether what I said is true or not.
On one hand, you don't want to confirm whether two coingen coin wallets could be opened together.
On the other hand, I haven't heard that you have tried to test HKC block explorer to confirm whether what I said is true or not. Luckily MiningViking has posted out his search results and showed that all output HKC wallet addresses start with "2", which are wrong addresses. MiningViking's search result is same as my research result (posted above #147 https://bitcointalksearch.org/topic/m.6150282).
Why just saying? Why not seeking the truth? Before making any comments, I would suggest you to study more about cryptocurrency and HKC coin, and test the functions of HKC and its supporting tools.
Saying is easily. Posting evidence is difficult.
Yeah but he have spread them over 1 wallet id / block..
block 50:
Quote
Transaction Fee Size (kB) From (amount) To (amount)
c39f90b085... 0 0.106 Generation: 6000 + 0 total fees 2gpdNLbz9q2QH9GAnLrdeYqQQL9xFTn2Rtj: 6000
April 10, 2014, 01:06:33 AM
I noticed that the dev updated the wallet and fixed that recent bug going around today. Would that even be possible if it's coingen?
Making a coin and making a wallet are 2 different things.
A wallet for a coingen coin can be repacked and fixed the recent openSSL bug. Please study a bit more by yourself.
Well, that is why I asked. I'm not overly concerned whether it's a coingen coin or not. So I have no desire to download multiple wallets, test, or put research in. I was just trying to get you to post in a logical manner and ask the dev to demonstrate some feature in his coin that could disprove it's coingen.
That makes more sense to me than posting for weeks on end, repeatedly saying the same thing over and over. If it's possible for the dev to prove his coin is not coingen, just ask him for some evidence.
Right.. HKC dev are welcome to post his evidence to prove that HKC is not a coingen coin.
Same for you, please don't repeating giving same reasons again and again to support HKC is not a SCAM, such as 2.5% premined HKC is a small amount. Otherwise, I have to post my feedbacks to your "reasons" repeatedly.
April 10, 2014, 12:11:44 AM
I noticed that the dev updated the wallet and fixed that recent bug going around today. Would that even be possible if it's coingen?
Making a coin and making a wallet are 2 different things.
A wallet for a coingen coin can be repacked and fixed the recent openSSL bug. Please study a bit more by yourself.
Well, that is why I asked. I'm not overly concerned whether it's a coingen coin or not. So I have no desire to download multiple wallets, test, or put research in. I was just trying to get you to post in a logical manner and ask the dev to demonstrate some feature in his coin that could disprove it's coingen.
That makes more sense to me than posting for weeks on end, repeatedly saying the same thing over and over. If it's possible for the dev to prove his coin is not coingen, just ask him for some evidence.
April 09, 2014, 11:54:58 PM
I noticed that the dev updated the wallet and fixed that recent bug going around today. Would that even be possible if it's coingen?
Making a coin and making a wallet are 2 different things.
A wallet for a coingen coin can be repacked and fixed the recent openSSL bug. Please study a bit more by yourself.
April 09, 2014, 11:52:27 PM
....I believe one person in the ann thread (or maybe even it was here), said two coingen wallets couldn't be open at the same time, or they wouldn't work. Yet this didn't occur with HKC. Does that disprove it's coingen, or is there a way around that?
This is a lie. Please download and install two coingen wallets http://coingen.io/status.html. Both coingen wallets could be opened at the same time.
Please try by yourself. Not just trust what you heard... try by yourself.
April 09, 2014, 11:37:48 PM
For a coingen coin, the source code is almost the same as bitcoin. There won't be any super block. Hence, one needs to take time to premine the blocks one by one until the target value has reached. Therefore, for coingen coin, it is almost impossible to premine 50% (too time consuming and costly). 2.5% to 5% premining is a logical and practical move for a coingen coin.
This is also one of reasons that I believe that HKC was made by a coin generator.
Well, then to approach your issues logically -- rather than post a thousand times, or repeatedly claim scam -- maybe see if we you prove or disprove it's a coingen coin? Rather than look at similarities, maybe look at differences where it couldn't be coingen?
I believe one person in the ann thread (or maybe even it was here), said two coingen wallets couldn't be open at the same time, or they wouldn't work. Yet this didn't occur with HKC. Does that disprove it's coingen, or is there a way around that?
I noticed that the dev updated the wallet and fixed that recent bug going around today. Would that even be possible if it's coingen?
I have no idea what traits or features can't be implemented if it's a coingen coin, so not sure if either of the above disproves it or not. But I expect there must be something the dev could do with the coin to show it's not coingen (assuming it's not).
And if so, by correlation it does make it much less likely he planned to scam the premine, as otherwise he would have chosen a much larger premine to begin with.
April 09, 2014, 11:31:15 PM
I have mentioned before. HKC should be considered as a SCAM because there is no auditing on distribution of 2.5% HKC premined to HK people via the problematic faucet. If majority of these premined coins finally are kept and sold by the HKC dev (when HKC succeeds), it can result in good amount of income.
He'd also have a basis to do so, since other nation coins use 50%+ premines. Yet he didn't... he chose a rather normal-ish 2.5%.
So he's either honest, or a really inept scammer?
This is a good question. If HKC is developed by a group of capable IT people, one could create a super block which contains 50% of premined coins. Then 50% premined coins can be obtained within sec.
For a coingen coin, the source code is almost the same as bitcoin. There won't be any super block. Hence, one needs to take time to premine the blocks one by one until the target value has reached. Therefore, for coingen coin, it is almost impossible to premine 50% (too time consuming and costly). 2.5% to 5% premining is a logical and practical move for a coingen coin.
This is also one of reasons that I believe that HKC was made by a coin generator.
April 09, 2014, 11:24:23 PM
I have mentioned before. HKC should be considered as a SCAM because there is no auditing on distribution of 2.5% HKC premined to HK people via the problematic faucet. If majority of these premined coins finally are kept and sold by the HKC dev (when HKC succeeds), it can result in good amount of income.
Sorry, I meant the question in regard to HysonCorp's post. By now we all know you think the coin is a scam, for various reasons... some of which may not be so logical, but we have heard them a million times, repeatedly.
I still suggest the coin is not necessarily a scam. You could say it potentially could be a scam, although you could say that about 90% of the alt coins out there too. Logically if the dev had plans to scam the premine, he would have chosen a much larger premine to begin with. He'd also have a basis to do so, since other nation coins use 50%+ premines. Yet he didn't... he chose a rather normal-ish 2.5%.
So he's either honest, or a really inept scammer?
April 09, 2014, 11:14:54 PM
......If a scam, it implies the dev is making out like a bandit somehow. The coin isn't worth anything. There is no giant premine like other nation coins use. No airdrop. No IPO.
Where is the scam exactly? Is it a scam because you think the dev may walk off with the faucet's premine? Which in its entirety might pay for a bill at a good restaurant?
I have mentioned before. HKC should be considered as a SCAM because there is no auditing on distribution of 2.5% HKC premined to HK people via the problematic faucet. If majority of these premined coins finally are kept and sold by the HKC dev (when HKC succeeds), it can result in good amount of income.
Here is the calculation to explain why 2.5% premined HKC may have good value if HKC succeeds:
1. HKC has max of 600 millions, block reward of 6000. 2.5% premined will end up 15 millions HKC.
2. Auroracoin has a max of 21 million and 25 coins per block. From the technical point of view, 1 HKC is equivalent to 0.119 Auroracoin.
3. Auroracoin had a max market value of 0.1 BTC per coin in early March this year. If HKC reaches similar value, 2.5% premined HKC will have a value of 178,500 BTC.
4. On 8 April, Auroracoin has a market value of 0.0035 BTC per coin. If HKC reaches similar value, 2.5% premined HKC will have a value of 6,247.5 BTC (if 1 BTC = USD 500, this is about 3 millions USD), which is still a good sum of money.
April 09, 2014, 10:56:32 PM
I am curious about something. When people cry scam all over the place, do you have a different definition of scam than most rational people use?
You can say it's a junk coin, or serves no real purpose right now. That would be a valid opinion.
You can say in your opinion that the dev lied somehow, about something. But unless he profits from it, at the expense of others, it still is not a scam.
If a scam, it implies the dev is making out like a bandit somehow. The coin isn't worth anything. There is no giant premine like other nation coins use. No airdrop. No IPO.
Where is the scam exactly? Is it a scam because you think the dev may walk off with the faucet's premine? Which in its entirety might pay for a bill at a good restaurant?
I'm not going to say it's a good coin, as at this point it certainly isn't. I just find it bizarre how often scam is thrown about, just based on... well, not entirely sure what it is based upon.
You can say it's a junk coin, or serves no real purpose right now. That would be a valid opinion.
You can say in your opinion that the dev lied somehow, about something. But unless he profits from it, at the expense of others, it still is not a scam.
If a scam, it implies the dev is making out like a bandit somehow. The coin isn't worth anything. There is no giant premine like other nation coins use. No airdrop. No IPO.
Where is the scam exactly? Is it a scam because you think the dev may walk off with the faucet's premine? Which in its entirety might pay for a bill at a good restaurant?
I'm not going to say it's a good coin, as at this point it certainly isn't. I just find it bizarre how often scam is thrown about, just based on... well, not entirely sure what it is based upon.
April 09, 2014, 10:45:42 PM
why are you trying?
it is clearly a scam coin
April 09, 2014, 10:36:13 PM
Dear HongKongCoin dev,
To prove that HKC project is NOT a SCAM, I would suggest you and your team to:
1. Build a block explorer which works OK.
2. Provide a plan for promoting HKC and the HKC faucet in Hong Kong, so that HK people know the existence of HKC and HK people can go to obtain HKC from your faucet. (No plan at this moment)
3a. Finding a third party to audit whether 2.5% premined coins will be only distributed via IP addresses belonging to HK.
Or 3b. NO auditing of 2.5% premined coins, then change the coin name to one which is not related to HK
P.S. For those non-national/non-regional coins, 2.5% premined do not need auditing. HKC needs auditing because of their claim "2.5% premined for HK people".
If a coin dev says, 2.5% premined coins are for coin development and bounties, it is absolutely OK. Please be honest.
To prove that HKC project is NOT a SCAM, I would suggest you and your team to:
1. Build a block explorer which works OK.
2. Provide a plan for promoting HKC and the HKC faucet in Hong Kong, so that HK people know the existence of HKC and HK people can go to obtain HKC from your faucet. (No plan at this moment)
3a. Finding a third party to audit whether 2.5% premined coins will be only distributed via IP addresses belonging to HK.
Or 3b. NO auditing of 2.5% premined coins, then change the coin name to one which is not related to HK
P.S. For those non-national/non-regional coins, 2.5% premined do not need auditing. HKC needs auditing because of their claim "2.5% premined for HK people".
If a coin dev says, 2.5% premined coins are for coin development and bounties, it is absolutely OK. Please be honest.
April 09, 2014, 10:23:12 PM
Here I provide an evidence to show that HKC dev is lack of responsibility.
They have been providing a HKC block explorer which has problem, but they insist it is ok.
Following is the post from HKC dev team saying their block explorer does not have any problem.
Hey idiot. I've been doing my best not to respond to your crap anymore.
The Block Explorer isn't broke. It's based on ABE, same as everyone else's.
Here is the information of one of the premined block provided by HKC dev.
Also here are the first 50 blocks of the mine. With all block addresses, and a picture of the wallet because of Vikings statement.......
TRUE 2014-03-06T21:13:52 Mined 13Vo5DZ9JBoNQwHjPuhCiNGEPaM2jYh2Dk 6000 c39f90b0852f8cd60164f2db21ea07d2e577e2f83d6366e594dfd233453430e5-000
Below is the information of the same block (transaction ID matched) which was retrieved using the HKC block explorer. You can see that the HKC wallet address in the output starts with "2", instead of "1". Therefore, the output was incorrect.
Actually HKC wallet addresses in all HKC block explorer output start with "2". However, all HKC wallet addresses are starting with "1".
They have been providing a HKC block explorer which has problem, but they insist it is ok.
Following is the post from HKC dev team saying their block explorer does not have any problem.
Hey idiot. I've been doing my best not to respond to your crap anymore.
The Block Explorer isn't broke. It's based on ABE, same as everyone else's.
Here is the information of one of the premined block provided by HKC dev.
Also here are the first 50 blocks of the mine. With all block addresses, and a picture of the wallet because of Vikings statement.......
TRUE 2014-03-06T21:13:52 Mined 13Vo5DZ9JBoNQwHjPuhCiNGEPaM2jYh2Dk 6000 c39f90b0852f8cd60164f2db21ea07d2e577e2f83d6366e594dfd233453430e5-000
Below is the information of the same block (transaction ID matched) which was retrieved using the HKC block explorer. You can see that the HKC wallet address in the output starts with "2", instead of "1". Therefore, the output was incorrect.
Actually HKC wallet addresses in all HKC block explorer output start with "2". However, all HKC wallet addresses are starting with "1".
April 09, 2014, 10:00:57 PM
hahahahaha,
HongKongCoin, and they used simplified chinese where 50% of Hong Kong people cannot read it well.
it is not even fluent chinese being written in the announcement of it.
I am from HongKong, and I cannot help but to LOL at the scam. hahahaha.
I mean, at least do some homework about HongKong before launching a scam.
it looks soooooooo bad now. hahahahaha.
April 09, 2014, 09:48:04 PM
That's actually a decent way to figure out if a dev is from a specific nation for a lot of coins here, now that I think of it. Ask them things that only native people would know.
I know on the Mandarin coin thread that the devs couldn't speak Chinese.
And on the Australian coin thread I think they got the colors for the nation incorrect.
If the dev was only born in HK, but doesn't live there now, I guess he may not know all local terminology. But he should know a decent amount about HK, I'd think. Ask him stuff only HK people would know? Things that he couldn't look up on the web, of course.
For instance, in the Quebecoin thread, a couple of people sort of tested the dev with local slang in French .. and he passed easily.
I know on the Mandarin coin thread that the devs couldn't speak Chinese.
And on the Australian coin thread I think they got the colors for the nation incorrect.
If the dev was only born in HK, but doesn't live there now, I guess he may not know all local terminology. But he should know a decent amount about HK, I'd think. Ask him stuff only HK people would know? Things that he couldn't look up on the web, of course.
For instance, in the Quebecoin thread, a couple of people sort of tested the dev with local slang in French .. and he passed easily.
Interesting point. Now a day, internet search is so powerful. Most of things could be available.
Furthermore, HKC dev said he was not brought up in HK. It is difficult to test using local slang, etc. HKC dev could easily use an excuse that he has not been brought up in HK, so does not know the answer....
Anyway, your suggestion is very interesting. Let me try to think about some questions (although extremely difficult to think of).
April 09, 2014, 09:40:09 PM
That's actually a decent way to figure out if a dev is from a specific nation for a lot of coins here, now that I think of it. Ask them things that only native people would know.
I know on the Mandarin coin thread that the devs couldn't speak Chinese.
And on the Australian coin thread I think they got the colors for the nation incorrect.
If the dev was only born in HK, but doesn't live there now, I guess he may not know all local terminology. But he should know a decent amount about HK, I'd think. Ask him stuff only HK people would know? Things that he couldn't look up on the web, of course.
For instance, in the Quebecoin thread, a couple of people sort of tested the dev with local slang in French .. and he passed easily.
I know on the Mandarin coin thread that the devs couldn't speak Chinese.
And on the Australian coin thread I think they got the colors for the nation incorrect.
If the dev was only born in HK, but doesn't live there now, I guess he may not know all local terminology. But he should know a decent amount about HK, I'd think. Ask him stuff only HK people would know? Things that he couldn't look up on the web, of course.
For instance, in the Quebecoin thread, a couple of people sort of tested the dev with local slang in French .. and he passed easily.
April 09, 2014, 09:27:37 PM
I'm not from China, have nothing to do with the HK coin besides posting in its thread, and I have no idea what 'thick face skin' means, but it does sound rather derogatory.
Wow, he is not only a troll, but also a serious racist.
Haha.. HKC dev, you are definitely not coming from Hong Kong.. Well ... you said you were only born in HK (without proof).
You don't know what "thick face skin" means, and said I was a serious racist.
Don't be cheeky!
P.S. "Thick face skin 厚臉皮" is a Cantonese term commonly used in HK. In English, it means "cheeky".
April 09, 2014, 08:27:01 PM
"Thick face skin" is a cantonese term which is very commonly used in Hong Kong.
If you are not brought up in HK, I could understand that you don't understand.
In English, it means "cheeky"
Ah, makes sense then ... thick face skin = cheeky.
At first I thought you were trying to say I had thin skin, that is, someone who is over sensitive. Then after thinking about it some more, I was completely lost and had no idea what it meant.
April 09, 2014, 08:24:20 PM
Dear Poornamelessme,
Thanks for your time to read back all my old post to dig out any faults and weakness.
Sorry. I don't think it is a kind of racism.
This post was written at the time HKC still using the HKl Emblem in the logo, which breaks the laws of Hong Kong.
Someone not from HK (could be Mainland China or other places) do not understand the law of HK, break the law and make a HK coin.
No matter where they comes from. I will say they have "thick face skin".
P.S. A few days ago, HKC logo was changed to one without HK Emblem.
I didn't have to do a lot of searching, since it's right in this thread, and was directed at me. Yes, to me... who has nothing to do with HK, this coin, or its emblem. I'm not even from China or Hong Kong.
And what does 'thick face skin' even mean?
I am not sure if you even realize it, but you are prejudiced. Many people who are prejudiced or racist may not even realize it, but if you have a negative opinion about an entire group of people based on their race, religion, nationality, etc. you are prejudiced.
"Thick face skin 厚臉皮" is a cantonese term which is very commonly used in Hong Kong.
If you are not brought up in HK, I could understand that you don't understand what "thick face skin" means.
In English, it means "cheeky"
Cambridge Dictionary (online)
Cheeky
adjective /ˈtʃiː.ki/ UK
slightly rude or showing no respect, but often in a funny way:
e.g.
She's got such a cheeky grin.
Don't be so cheeky
http://dictionary.cambridge.org/dictionary/british/cheeky
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