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Topic: [INTEREST CHECK] Alpen Coin "Scam Coin" - page 4. (Read 2662 times)

legendary
Activity: 2254
Merit: 2419
EIN: 82-3893490
August 04, 2023, 10:22:09 PM
I did read his posts and he stated that the funding would go to one coin not with majority to one and some to all the others.

So I dont think that was "left open"

hence why I said there should be no voting. this is Frank's decision.

there was the first post where he stated all the funding would go to the one coin

then there was the post you quoted - where he said something about 50% loss and the rest to "winner" but he also in that same post stated he like the "Rekt" (which I take as referring to the original - all funding to the one coin)

either way It should be up to Frank not us.


And hence where the open comes from in the 1st post from Frank:

"Of course there is still a lot of question: material of the coin, design, price,... this is an open thread"

Agree, it's ultimately up to Frank but the spirit of his words seem to lean toward community involvement, which is why said it appears a vote will be needed.  Also, appears doesn't mandate anything but merely hints.
I guess it's a matter of taste regarding funding of the rekt coins or not. My taste is very clear: Some dust is 100 times better than nothing. It kind of reflects scam reality, you usually are left with something (see FTX, yogg cards etc) but mostly nothing compared to what you should still have.
Also, generally speaking, I belive the value of coins with crypto (and may it only be a few bucks) is way higher than unloaded stuff. Just my view.
Yes, it's up to Frank, but it is also up to the community to speak their mind and give input/ideas on the subject. What Frank does with this input is obviously up to him.

I'd like to hear what others think about the general coin funding topic.

Nice teaser pic @ Mopar.

heres the thing - dust is useless as you would possible spend more than its value to transfer it - add in the fact that you have to transfer it once you peel the coin to see you only have "dust" The coins will have no identifying mark nor will you know the address of the coin - the only way to see if you "won" or "lost" will be to peel it.

getting anything would then not be totally "rekt" would it?

my two sats at least.

And at one time 0.01 and 0.001 were considered dust but not really nowadays.  I agree with KW's take on dust, scams, and loaded collectables.  Also, you can still get rekt and not be totally or wholly wiped out- e.g., significant loss numerically or percentage wise, just look at ftx and luna.

perhaps if you let the coin sit - but with no identifying marks on the coin ie no firstbits - there will be no way to see if you won vs lost. so you peel and you lost and its 1000 sats, you will then spend 2000 to 4000 to transfer it - or would you simply leave it on the peeled and exposed private key?

either way I guess it is still up to Frank. but I will not be participating in buying any of the coins if all the coins are loaded.
hero member
Activity: 2548
Merit: 607
August 04, 2023, 10:13:33 PM
I did read his posts and he stated that the funding would go to one coin not with majority to one and some to all the others.

So I dont think that was "left open"

hence why I said there should be no voting. this is Frank's decision.

there was the first post where he stated all the funding would go to the one coin

then there was the post you quoted - where he said something about 50% loss and the rest to "winner" but he also in that same post stated he like the "Rekt" (which I take as referring to the original - all funding to the one coin)

either way It should be up to Frank not us.


And hence where the open comes from in the 1st post from Frank:

"Of course there is still a lot of question: material of the coin, design, price,... this is an open thread"

Agree, it's ultimately up to Frank but the spirit of his words seem to lean toward community involvement, which is why said it appears a vote will be needed.  Also, appears doesn't mandate anything but merely hints.
I guess it's a matter of taste regarding funding of the rekt coins or not. My taste is very clear: Some dust is 100 times better than nothing. It kind of reflects scam reality, you usually are left with something (see FTX, yogg cards etc) but mostly nothing compared to what you should still have.
Also, generally speaking, I belive the value of coins with crypto (and may it only be a few bucks) is way higher than unloaded stuff. Just my view.
Yes, it's up to Frank, but it is also up to the community to speak their mind and give input/ideas on the subject. What Frank does with this input is obviously up to him.

I'd like to hear what others think about the general coin funding topic.

Nice teaser pic @ Mopar.

heres the thing - dust is useless as you would possible spend more than its value to transfer it - add in the fact that you have to transfer it once you peel the coin to see you only have "dust" The coins will have no identifying mark nor will you know the address of the coin - the only way to see if you "won" or "lost" will be to peel it.

getting anything would then not be totally "rekt" would it?

my two sats at least.

And at one time 0.01 and 0.001 were considered dust but not really nowadays.  I agree with KW's take on dust, scams, and loaded collectables.  Also, you can still get rekt and not be totally or wholly wiped out- e.g., significant loss numerically or percentage wise, just look at ftx and luna.
legendary
Activity: 2254
Merit: 2419
EIN: 82-3893490
August 04, 2023, 09:51:46 PM
I did read his posts and he stated that the funding would go to one coin not with majority to one and some to all the others.

So I dont think that was "left open"

hence why I said there should be no voting. this is Frank's decision.

there was the first post where he stated all the funding would go to the one coin

then there was the post you quoted - where he said something about 50% loss and the rest to "winner" but he also in that same post stated he like the "Rekt" (which I take as referring to the original - all funding to the one coin)

either way It should be up to Frank not us.


And hence where the open comes from in the 1st post from Frank:

"Of course there is still a lot of question: material of the coin, design, price,... this is an open thread"

Agree, it's ultimately up to Frank but the spirit of his words seem to lean toward community involvement, which is why said it appears a vote will be needed.  Also, appears doesn't mandate anything but merely hints.
I guess it's a matter of taste regarding funding of the rekt coins or not. My taste is very clear: Some dust is 100 times better than nothing. It kind of reflects scam reality, you usually are left with something (see FTX, yogg cards etc) but mostly nothing compared to what you should still have.
Also, generally speaking, I belive the value of coins with crypto (and may it only be a few bucks) is way higher than unloaded stuff. Just my view.
Yes, it's up to Frank, but it is also up to the community to speak their mind and give input/ideas on the subject. What Frank does with this input is obviously up to him.

I'd like to hear what others think about the general coin funding topic.

Nice teaser pic @ Mopar.

heres the thing - dust is useless as you would possible spend more than its value to transfer it - add in the fact that you have to transfer it once you peel the coin to see you only have "dust" The coins will have no identifying mark nor will you know the address of the coin - the only way to see if you "won" or "lost" will be to peel it.

getting anything would then not be totally "rekt" would it?

my two sats at least.
legendary
Activity: 2114
Merit: 1403
Disobey.
August 04, 2023, 07:36:48 PM
I did read his posts and he stated that the funding would go to one coin not with majority to one and some to all the others.

So I dont think that was "left open"

hence why I said there should be no voting. this is Frank's decision.

there was the first post where he stated all the funding would go to the one coin

then there was the post you quoted - where he said something about 50% loss and the rest to "winner" but he also in that same post stated he like the "Rekt" (which I take as referring to the original - all funding to the one coin)

either way It should be up to Frank not us.


And hence where the open comes from in the 1st post from Frank:

"Of course there is still a lot of question: material of the coin, design, price,... this is an open thread"

Agree, it's ultimately up to Frank but the spirit of his words seem to lean toward community involvement, which is why said it appears a vote will be needed.  Also, appears doesn't mandate anything but merely hints.
I guess it's a matter of taste regarding funding of the rekt coins or not. My taste is very clear: Some dust is 100 times better than nothing. It kind of reflects scam reality, you usually are left with something (see FTX, yogg cards etc) but mostly nothing compared to what you should still have.
Also, generally speaking, I belive the value of coins with crypto (and may it only be a few bucks) is way higher than unloaded stuff. Just my view.
Yes, it's up to Frank, but it is also up to the community to speak their mind and give input/ideas on the subject. What Frank does with this input is obviously up to him.

I'd like to hear what others think about the general coin funding topic.

Nice teaser pic @ Mopar.
legendary
Activity: 2520
Merit: 3238
The Stone the masons rejected was the cornerstone.
August 04, 2023, 02:35:10 PM
I did read his posts and he stated that the funding would go to one coin not with majority to one and some to all the others.

So I dont think that was "left open"

hence why I said there should be no voting. this is Frank's decision.

there was the first post where he stated all the funding would go to the one coin

then there was the post you quoted - where he said something about 50% loss and the rest to "winner" but he also in that same post stated he like the "Rekt" (which I take as referring to the original - all funding to the one coin)

either way It should be up to Frank not us.


also as an update - I have the coins in hand - I will generate the keys this weekend and will provide keys and coins to minerjones at our next meeting which should be within the next 7-10 days.






    Thanks for sharing this pic Mopar!  These coins will look very nice next to my Big time Sphagetti Goxxed coin as they continue the tradition of these scammer coins!

   And I agree....Frank should be the one to make that final decision, and whatever it is I hope prices stay reasonable as I defintely want one for my collection!
legendary
Activity: 2520
Merit: 3238
The Stone the masons rejected was the cornerstone.
August 04, 2023, 02:32:41 PM

It appears there will need to be a vote on this as some prefer one coin with all the funds and others, such as myself, prefer rekt coins to be loaded, albeit at loss to the initial "investment" and the "winning/rug pull" coin to have a relatively substantial load compared to initial investment.


Also, regarding coin price, this is from Frank so it should give an idea:

Hi,

Thank you all for your interest.

The price of the coin should be around 70 usd + the funding. MoparMining will generate the key, and MJ will assemble them and distribute them. If there is enough demand we (mj, mopar and I) won't participate. We stick to 30 coins.

The funding will be 0.001 BTC so the winner gets 0.03 BTC. Let us know if you would more or less funding.

I could imagine that with a funding of 0.002 BTC the total price would be around 100 USD. And the winner could win 0.06 BTC (almost 10x, quite a good scam) . we can decide this later.

   I forgot all about this post that Frank made in November!  I like the original idea and that the total price is around $100!

    I hope he stickes to this plan as I do not want the cost of a coin to be too expensive either.

   Thanks for bringing it up from the past  Wink
hero member
Activity: 2548
Merit: 607
August 04, 2023, 02:09:33 PM
I did read his posts and he stated that the funding would go to one coin not with majority to one and some to all the others.

So I dont think that was "left open"

hence why I said there should be no voting. this is Frank's decision.

there was the first post where he stated all the funding would go to the one coin

then there was the post you quoted - where he said something about 50% loss and the rest to "winner" but he also in that same post stated he like the "Rekt" (which I take as referring to the original - all funding to the one coin)

either way It should be up to Frank not us.


And hence where the open comes from in the 1st post from Frank:

"Of course there is still a lot of question: material of the coin, design, price,... this is an open thread"

Agree, it's ultimately up to Frank but the spirit of his words seem to lean toward community involvement, which is why said it appears a vote will be needed.  Also, appears doesn't mandate anything but merely hints.
legendary
Activity: 2254
Merit: 2419
EIN: 82-3893490
August 04, 2023, 01:46:23 PM
I did read his posts and he stated that the funding would go to one coin not with majority to one and some to all the others.

So I dont think that was "left open"

hence why I said there should be no voting. this is Frank's decision.

there was the first post where he stated all the funding would go to the one coin

then there was the post you quoted - where he said something about 50% loss and the rest to "winner" but he also in that same post stated he like the "Rekt" (which I take as referring to the original - all funding to the one coin)

either way It should be up to Frank not us.


also as an update - I have the coins in hand - I will generate the keys this weekend and will provide keys and coins to minerjones at our next meeting which should be within the next 7-10 days.




hero member
Activity: 2548
Merit: 607
August 04, 2023, 12:28:37 PM
Not sure why there would be a vote? Frank is doing this and should be the one to decide.

At least I do not recall where it was stated the possible buyers (because not everyome here will buy one - there simply are not enough) would decide how it would be done.

Imo it makes zero sense - based on the theme of this project - that all coins should be loaded - seems like exact opposite of the intent.

I believe Frank left this open, perhaps you should re-read his posts; I'll help you out here with the TLDR:

Hi,

I agree with geo we should all get a coin. MJ, MoparMining and I see this coin as a project for the community. To thank everyone to be so strong in the bear market!

I think we should do the "50% loss version and a larger payout for the winner" . But I must admit that I have a weakness for the "rekt edition" (Cf tweetious).
legendary
Activity: 2254
Merit: 2419
EIN: 82-3893490
August 04, 2023, 12:12:49 PM
Not sure why there would be a vote? Frank is doing this and should be the one to decide.

At least I do not recall where it was stated the possible buyers (because not everyome here will buy one - there simply are not enough) would decide how it would be done.

Imo it makes zero sense - based on the theme of this project - that all coins should be loaded - seems like exact opposite of the intent.
hero member
Activity: 2548
Merit: 607
August 04, 2023, 08:36:55 AM
personally I think only one coin should have a balance - the rest are well, "rugged" but I am just the key maker in this so the decision is not mine.



The way Mopar describes it sounds reasonable regarding true unknown winner coin. Maybe some way to prove it would be nice (invite a thrid party to both MJ and Mopar). Not that I don't trust you guys, but it would exponentially increase trust as 4 people instead of 2 would need to be compromised.

works for me.

   I like this idea as well.....one coin has all and the rest rugged. Again I do not want to be paying a high loading fee and my suggestion for a "loading fee" of 0.001 BTC or less still applies. No idea what the coin price will be so do not want to be spending too much on this fee.


It appears there will need to be a vote on this as some prefer one coin with all the funds and others, such as myself, prefer rekt coins to be loaded, albeit at loss to the initial "investment" and the "winning/rug pull" coin to have a relatively substantial load compared to initial investment.


Also, regarding coin price, this is from Frank so it should give an idea:

Hi,

Thank you all for your interest.

The price of the coin should be around 70 usd + the funding. MoparMining will generate the key, and MJ will assemble them and distribute them. If there is enough demand we (mj, mopar and I) won't participate. We stick to 30 coins.

The funding will be 0.001 BTC so the winner gets 0.03 BTC. Let us know if you would more or less funding.

I could imagine that with a funding of 0.002 BTC the total price would be around 100 USD. And the winner could win 0.06 BTC (almost 10x, quite a good scam) . we can decide this later.
legendary
Activity: 2520
Merit: 3238
The Stone the masons rejected was the cornerstone.
August 04, 2023, 01:51:04 AM
personally I think only one coin should have a balance - the rest are well, "rugged" but I am just the key maker in this so the decision is not mine.



The way Mopar describes it sounds reasonable regarding true unknown winner coin. Maybe some way to prove it would be nice (invite a thrid party to both MJ and Mopar). Not that I don't trust you guys, but it would exponentially increase trust as 4 people instead of 2 would need to be compromised.

works for me.

   I like this idea as well.....one coin has all and the rest rugged. Again I do not want to be paying a high loading fee and my suggestion for a "loading fee" of 0.001 BTC or less still applies. No idea what the coin price will be so do not want to be spending too much on this fee.
hero member
Activity: 2422
Merit: 668
Community management 24/7 for hire
August 04, 2023, 01:07:58 AM
Flip the script. The winner is the one with zero balance Grin
legendary
Activity: 2254
Merit: 2419
EIN: 82-3893490
August 03, 2023, 10:25:36 PM
personally I think only one coin should have a balance - the rest are well, "rugged" but I am just the key maker in this so the decision is not mine.



The way Mopar describes it sounds reasonable regarding true unknown winner coin. Maybe some way to prove it would be nice (invite a thrid party to both MJ and Mopar). Not that I don't trust you guys, but it would exponentially increase trust as 4 people instead of 2 would need to be compromised.

works for me.
legendary
Activity: 2114
Merit: 1403
Disobey.
August 03, 2023, 03:30:31 PM
I like 2stouts idea. Generally I would be in for anything ranging from 0.001 to 0.004 BTC per coin-buyer. -> I think we should either aim for a a clean sum for the "winner" coin or for a clean sum for the rekt coins each.
In your example the clean sum means 0.001 per rekt coin, which is probably the better way than vice versa -> for example 0.05 for the winner and remaining 0.03/40 = 0.00075 for the rect coins. With other total sums (more or less than 40*0.002 = 0.08) we can also find some "good looking" distributions.

The way Mopar describes it sounds reasonable regarding true unknown winner coin. Maybe some way to prove it would be nice (invite a thrid party to both MJ and Mopar). Not that I don't trust you guys, but it would exponentially increase trust as 4 people instead of 2 would need to be compromised.
sr. member
Activity: 1164
Merit: 268
Byzantine Generals' Problem solved,Prosperity Next
August 03, 2023, 03:25:08 PM
My 2 cents, "Peel, peel, peel." I agree with Frank. Much more mystery and game in this option.
hero member
Activity: 2548
Merit: 607
August 03, 2023, 03:03:02 PM
I was thinking since there will be 40 coins that we proceed as follows:  The 39 rekt coins are loaded with 0.001BTC (0.039BTC total), the 40 who are in for the coins contribute 0.002BTC toward load (0.08BTC total), and the "winning/rug pull" coin is loaded with 0.041BTC.  This way a 50% haircut for the rekt and a slightly over 20x come up for the "winning/rug pull" coin.  Thoughts?

   I like the idea of this whole concept....only I would ask the coins contributed per person per coin would be lower....say 0.001btc?

    Other than that looking forward to owning one...and I would not peel...just leave as is in my collection.

    Goodluck to this project!

Then that would leave rekt coins with a 0.0005BTC load and the "winning/rug pull" coin with a 0.0205BTC load.  To me, the 0.002BTC contrubution offers the best balance of scam and not breaking the bank on a 40mm coin.
legendary
Activity: 2254
Merit: 2419
EIN: 82-3893490
August 03, 2023, 02:24:57 PM
but I generate the keys/addresses - give only the keys to minerjones for assembly - he never sees address list - he assembles them before one is loaded so no way to know which one will be loaded - then randomly select one - like Frank suggests and that one gets loaded.

the only way to know who the winner is would  require peeling.
legendary
Activity: 2520
Merit: 3238
The Stone the masons rejected was the cornerstone.
August 03, 2023, 02:15:08 PM
I was thinking since there will be 40 coins that we proceed as follows:  The 39 rekt coins are loaded with 0.001BTC (0.039BTC total), the 40 who are in for the coins contribute 0.002BTC toward load (0.08BTC total), and the "winning/rug pull" coin is loaded with 0.041BTC.  This way a 50% haircut for the rekt and a slightly over 20x come up for the "winning/rug pull" coin.  Thoughts?

   I like the idea of this whole concept....only I would ask the coins contributed per person per coin would be lower....say 0.001btc?

    Other than that looking forward to owning one...and I would not peel...just leave as is in my collection.

    Goodluck to this project!
hero member
Activity: 2548
Merit: 607
August 03, 2023, 10:32:43 AM
I was thinking since there will be 40 coins that we proceed as follows:  The 39 rekt coins are loaded with 0.001BTC (0.039BTC total), the 40 who are in for the coins contribute 0.002BTC toward load (0.08BTC total), and the "winning/rug pull" coin is loaded with 0.041BTC.  This way a 50% haircut for the rekt and a slightly over 20x come up for the "winning/rug pull" coin.  Thoughts?
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