Topic: [Important] Open petition for the YAC relaunch (Scam accusation as option) (Read 2311 times)
May 08, 2013, 10:35:55 PM
Nah, saw enough [WTB] / [WTS] YAC posts for a while.
May 08, 2013, 10:34:42 PM
No.
May 08, 2013, 10:30:02 PM
Yacoin fails in many ways.
First of all, it was released immediately and withount any announce - "1.5 days later" with technical premine - so, many of us just hadn't time to react.
Initial difficulty is way too low, blockcreation speed is abnormal and all that cause unaffordable amount of stales and orphans.
I insist that it should be restarted with clear launch date announce (at least 12 hours in advance), initial difficulty should be adjusted.
If none of proposed actions will be done, it should be understood as one of the scamiest scamcoins.
P.S: Fair rules will make this currency and its holders to prosper, else it will be forgoteen very fast.
P.P.S:
First of all, it was released immediately and withount any announce - "1.5 days later" with technical premine - so, many of us just hadn't time to react.
Initial difficulty is way too low, blockcreation speed is abnormal and all that cause unaffordable amount of stales and orphans.
I insist that it should be restarted with clear launch date announce (at least 12 hours in advance), initial difficulty should be adjusted.
If none of proposed actions will be done, it should be understood as one of the scamiest scamcoins.
P.S: Fair rules will make this currency and its holders to prosper, else it will be forgoteen very fast.
P.P.S:
but it's the most fair altcoin launch so far
agree, though...Paraphrase: "I missed the boat AGAIN ! .. Waaah!!!"
May 08, 2013, 10:12:52 PM
LOL this is so funny.I didnt get any coins so this is a scam! Just garbage. I started mining early on. Got ten blocks. I have got 2 blocked in the last 8 hours. With a Phenom 2 x6. People just mad they missed the launch. You had plenty of time to get everything prepared. Stop whining and lurk moar!
As far as stale coin wtf?!?! I am sorry your internet connection or hardware is too slow to get verifications fast enough. Tough luck stfu
As far as stale coin wtf?!?! I am sorry your internet connection or hardware is too slow to get verifications fast enough. Tough luck stfu
May 08, 2013, 10:11:45 PM
suffered 100% 12 orphan a day quite agree with relaunch
troll!
no such thing as relaunch. just because you missed the starting gate doesn't mean you get a mulligan!
May 08, 2013, 10:02:59 PM
suffered 100% 12 orphan a day quite agree with relaunch
May 08, 2013, 04:09:42 PM
Just rename the coin to Orphan coin and that’s it.
May 08, 2013, 03:57:40 PM
The bigger concern is onset GPU miners and the fact that the concept behind it makes no sense (as soon as N>1024, GPU will have a huge advantage because memory bandwidth GPU >> memory bandwidth DDR3). That, and that at the max N factor it'll take years for the blockchain to even download and confirm.
May 08, 2013, 03:56:13 PM
I gotta agree with the OP. From now on if I'm not on a coin at the very ground level we're going to have a do-over. If there's anything I've learned from life it's that it's "fair", so there's no reason a coin launch shouldn't be.
May 08, 2013, 03:54:41 PM
Works fine for me. U mad cause you cant get tröfmillion coins fast and sell them for thousand of bitcoins?
May 08, 2013, 03:50:53 PM
i started late and i am hitting many blocks. so stop whinning....
+1 
May 08, 2013, 10:51:38 AM
Nuf said:
I have to beg for some coins...
Y1LkayHWxe4S2sSPHSccAKxpEQ1Db3eQQZ
Y1LkayHWxe4S2sSPHSccAKxpEQ1Db3eQQZ
suddenly;D
May 08, 2013, 10:43:38 AM
Nuf said:
I have to beg for some coins...
Y1LkayHWxe4S2sSPHSccAKxpEQ1Db3eQQZ
Y1LkayHWxe4S2sSPHSccAKxpEQ1Db3eQQZ
May 08, 2013, 10:15:17 AM
and the fact that initial CPU miners, first minutes, were lucky enough to get - what - a million coins?
There's 1,225,285 coins total right now, 8 hours after launch. Lucky in this case means a few thousands -- you could go to BTC-e and get the same amount in CNCs, FTCs or PPCs right now for 40 BTC.
May 08, 2013, 09:40:16 AM
Good launch but i would NEVER trade LTC or BTC for this coin
The trading market is clearly fake. Guys who jumped on board with their CPU's in the first hours are trading between themselves to try to lure in greater fools.
YAC has no intrinsic value particularly given the low difficulty and the fact that initial CPU miners, first minutes, were lucky enough to get - what - a million coins?
I would not buy a YAC at any price
The trading market is clearly fake. Guys who jumped on board with their CPU's in the first hours are trading between themselves to try to lure in greater fools.
YAC has no intrinsic value particularly given the low difficulty and the fact that initial CPU miners, first minutes, were lucky enough to get - what - a million coins?
I would not buy a YAC at any price
May 08, 2013, 09:37:30 AM
Just another crappy orphan coin. We saw this already with CNC.
May 08, 2013, 09:37:09 AM
YES!!!! We must also relaunch BTC and LTC too! Since I was still wearing diapers when they got out, I didn't have enough chance to start mining them.
May 08, 2013, 09:35:04 AM
This was an excelent launch, with sufficient warning, i started late and i am hitting many blocks. so stop whinning....
May 08, 2013, 09:29:34 AM
It's not about YAC being a scam or not, but this is the biggest "premine" I've seen so far here 
(not really premine, as all had equal opportunity to jump in - though the launch was not at the previously set time)
Based on the description this coin has 10 minute PoW block targets, yet even now there are blocks being found every 1-3 seconds. There are already 14.5k blocks mined - compare that to NVC, which has 19971 (!!!) or FTC, which has "only" 32546 blocks mined, having a 4* faster block target.. Even BTB, that is many times attacked for being a premined coin has 6531 blocks mined so far.
I consider this a way bigger advantage for early adaptors than ANY other coin had so far. And it's only a few hours gone so far, I wonder how these statistics will look like tomorrow at this time.
It's up to the market (us) to decide if we accept this though.
(not really premine, as all had equal opportunity to jump in - though the launch was not at the previously set time)Based on the description this coin has 10 minute PoW block targets, yet even now there are blocks being found every 1-3 seconds. There are already 14.5k blocks mined - compare that to NVC, which has 19971 (!!!) or FTC, which has "only" 32546 blocks mined, having a 4* faster block target.. Even BTB, that is many times attacked for being a premined coin has 6531 blocks mined so far.
I consider this a way bigger advantage for early adaptors than ANY other coin had so far. And it's only a few hours gone so far, I wonder how these statistics will look like tomorrow at this time.
It's up to the market (us) to decide if we accept this though.
May 08, 2013, 09:28:13 AM
I agree the lauch time was off and he should have announced a new date, but he didn't, but it's the most fair altcoin launch so far, since it was in fact preannounced, and it couldn't be mined with GPUs at start. About 20 mins after it was launched it was on block 49, so he couldn't have had alot of CPU power on it. The block generation rate is still fast several hours after lauch, but for most that only means more orphaned blocks. The starting difficulty should have been higher for sure.
Anyway, even I managed to snag a few blocks with my core i5 and a core i7 (The core i7 was way worse btw for some weird reason).
Anyway, even I managed to snag a few blocks with my core i5 and a core i7 (The core i7 was way worse btw for some weird reason).
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