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Topic: [ANN] GAS Coin is now dead. r3wt snuck in a premine and scammed the community (Read 15891 times)

member
Activity: 308
Merit: 10
★YoBit.Net★ 1400+ Coins Exchange
And for the record, I'm not Vlad nor iGotSpots lol that's ridiculous.


An oldie but a goodie rofl.  Grin Grin

This thread is the best! iGotSpots and r3wt showing each other love.  Kiss
legendary
Activity: 1632
Merit: 1010
And for the record, I'm not Vlad nor iGotSpots lol that's ridiculous.


An oldie but a goodie rofl.  Grin Grin
sr. member
Activity: 574
Merit: 250

To date there has been very little innovation in the alt-coin space:
LTC, PPC, Freicoin (I think it is a stupid idea but it is at least innovative), Powercoin Primecoin.  That is about it.  Everything else has been copy, replace, tweak, launch.

Now I am still not sold that these coins will be successful.  For example I don't think merchants really care which POW is used as long as the network is secure.  However all these coins required a little more work than copy, paste, tweak, and launch.


I guess LTC should really be replaced with TBX.   A case might be able to be made for NMC and DVC as well.

Most of the batch of coins since this past April have gone backwards.
sr. member
Activity: 281
Merit: 250
The Gold Standard of Digital Currency.
Is there any reason you guys don't just use an existing coin, that already has an established userbase and secure network, to trade for gas cards?

Because obviously fungibility of a currency is a stupid idea.  I mean it makes so much sense to have SexCoin for buying sex, and GameCoin for buying games, and Casino coin for buying Casino chips, and GoldCoin for buying Gold, and WeedCoin for buying Weed (I guess so you can ruin your neighbors lawn), and GasCoin for buying Gas.  A large single well supported currency for buying sex, porn, games, casino chips, gold, weed and gas?  Are you off your meds again.  That would almost be the start of an economy or something.  


GoldCoins can be used to purchase all the above  Wink

We are not a specific use currency.. and I suggest you check out our latest update.. we are leagues ahead of clones like this one now.
donator
Activity: 1218
Merit: 1079
Gerald Davis
Is there any reason you guys don't just use an existing coin, that already has an established userbase and secure network, to trade for gas cards?

Because obviously fungibility of a currency is a stupid idea.  I mean it makes so much sense to have SexCoin for buying sex, and GameCoin for buying games, and Casino coin for buying Casino chips, and GoldCoin for buying Gold, and WeedCoin for buying Weed (I guess so you can ruin your neighbors lawn), and GasCoin for buying Gas.  A large single well supported currency for buying sex, porn, games, casino chips, gold, weed, gas, and countless other products and services?  Are you off your meds again?  That would almost be the start of an economy or something.  



 
hero member
Activity: 868
Merit: 1002
Is there any reason you guys don't just use an existing coin, that already has an established userbase and secure network, to trade for gas cards?
donator
Activity: 1218
Merit: 1079
Gerald Davis
I know there are a lot of naive people in the world, but ~$40 to make a client and launch a coin?  I know the ONLY way I'd ask that little is if all I had to do was take the existing source code and then search and replace the names and maybe do 1 or 2 tweaks.

What do you think 90%+ of the launched coins are.  EXACTLY that.  Hell most of the time they don't even modify everything that needs to be modified.  They use the same alertkey as LTC, they don't change magic numbers so nodes running multiple blockchains end up confused spamming LTC blocks into xCoin network for example.  Hell in some coins they don't even change user facing strings so some error messages or confirmations will say "Litecoin".

To date there has been very little innovation in the alt-coin space:
LTC, PPC, Freicoin (I think it is a stupid idea but it is at least innovative), Powercoin.  That is about it.  Everything else has been copy, replace, tweak, launch.
you forgot primecoin

Fixed I meant primecoin not powercoin.  So many stupid names nearly impossible to keep it straight.
hero member
Activity: 532
Merit: 500
I know there are a lot of naive people in the world, but ~$40 to make a client and launch a coin?  I know the ONLY way I'd ask that little is if all I had to do was take the existing source code and then search and replace the names and maybe do 1 or 2 tweaks.

What do you think 90%+ of the launched coins are.  EXACTLY that.  Hell most of the time they don't even modify everything that needs to be modified.  They use the same alertkey as LTC, they don't change magic numbers so nodes running multiple blockchains end up confused spamming LTC blocks into xCoin network for example.  Hell in some coins they don't even change user facing strings so some error messages or confirmations will say "Litecoin".

To date there has been very little innovation in the alt-coin space:
LTC, PPC, Freicoin (I think it is a stupid idea but it is at least innovative), Powercoin.  That is about it.  Everything else has been copy, replace, tweak, launch.
you forgot primecoin
donator
Activity: 1218
Merit: 1079
Gerald Davis
I know there are a lot of naive people in the world, but ~$40 to make a client and launch a coin?  I know the ONLY way I'd ask that little is if all I had to do was take the existing source code and then search and replace the names and maybe do 1 or 2 tweaks.

What do you think 90%+ of the launched coins are.  EXACTLY that.  Hell most of the time they don't even modify everything that needs to be modified.  They use the same alertkey as LTC, they don't change magic numbers so nodes running multiple blockchains end up confused spamming LTC blocks into xCoin network for example.  Hell in some coins they don't even change user facing strings so some error messages or confirmations will say "Litecoin".

To date there has been very little innovation in the alt-coin space:
LTC, PPC, Freicoin (I think it is a stupid idea but it is at least innovative), Powercoin Primecoin.  That is about it.  Everything else has been copy, replace, tweak, launch.

Now I am still not sold that these coins will be successful.  For example I don't think merchants really care which POW is used as long as the network is secure.  However all these coins required a little more work than copy, paste, tweak, and launch.
hero member
Activity: 798
Merit: 531
Crypto is King.
hero member
Activity: 812
Merit: 1000
I <3 VW Beetles
You've got to be kidding me, r3wt is plainly stealing because he was mad he sold his services for 0.4 BTC. he literally has no excuse for expecting any sort of sympathy. That's like a thief asking for forgiveness after being caught riding a stolen bicycle because he wants to become a race-car driver.
Seriously, just give back the stupid 0.4 BTC. I mean really man, that's like $40 dollars in the current market. You're going full retard by saying that they shouldn't of expected you to make a shitty product because you offered a low price.
He's gone double-full-retard, Wtf...
This coin could have been a succes.
hero member
Activity: 532
Merit: 500
I know there are a lot of naive people in the world, but ~$40 to make a client and launch a coin?  I know the ONLY way I'd ask that little is if all I had to do was take the existing source code and then search and replace the names and maybe do 1 or 2 tweaks.

Well yeah, did you think Gas Coin was something other than a quick copy job?
I gave it no thought, I was looking for something to mine and it was launching so I figured what better time to try it.  If you can't get in ahead of the bot nets, you only get dribbles.
member
Activity: 84
Merit: 10
I know there are a lot of naive people in the world, but ~$40 to make a client and launch a coin?  I know the ONLY way I'd ask that little is if all I had to do was take the existing source code and then search and replace the names and maybe do 1 or 2 tweaks.

Well yeah, did you think Gas Coin was something other than a quick copy job?
hero member
Activity: 532
Merit: 500
I just don't see why gas coin has to die just because of this? Surely there is some way for both parties to resolve the issue?

Vote on this +1

Ok there is premine, now we know about it, owners should take it back and give as bounties for pools and other things. Everybody will be fine with that.

Or simply ask some developer to relaunch coin

People who mined the coin through all problems and errors showed that they actually are interested in coin, and will be more gratefull if you relaunch or continue coin than if you simply throw it out. At least I would like for coin to continue.
In all honesty, it needs a relaunch.  I stopped mining when the pool mined the same block 14 times in a row (with some ungodly 10billion coin reward listed) and I could no longer get the client to sync.

Yeah, it'd be great to reward all those that stuck with it and kept mining, but you'd then also have to reward the thieves that stole 100k by premining.
hero member
Activity: 532
Merit: 500
You've got to be kidding me, r3wt is plainly stealing because he was mad he sold his services for 0.4 BTC. he literally has no excuse for expecting any sort of sympathy. That's like a thief asking for forgiveness after being caught riding a stolen bicycle because he wants to become a race-car driver.
Seriously, just give back the stupid 0.4 BTC. I mean really man, that's like $40 dollars in the current market. You're going full retard by saying that they shouldn't of expected you to make a shitty product because you offered a low price.
I know there are a lot of naive people in the world, but ~$40 to make a client and launch a coin?  I know the ONLY way I'd ask that little is if all I had to do was take the existing source code and then search and replace the names and maybe do 1 or 2 tweaks.  I ran an online game for several years and the programmers were paid over $4000 for the initial product.  An additional $3000 was spent updating it to AJAX to allow realtime viewing of movements instead of hitting the F5 key over and over.

Here's what should have happened:

Admin looks for programmer
Programmer quotes price
Admin accept price
Programmer realizes price quoted was too low
Programmer apologizes to Admin and asks to renegotiate fee
Admin either accepts or declines new fee
Programmer lives with decision.

What would GASCoin have said if you PM'd him and said "Dude, I need to hire testers, would an extra .2 BTC be acceptable?"
Answer: YOU DON'T KNOW because you didn't ask.

Maybe he would have paid, maybe he would have supplied his own testers, maybe.... maybe...maybe.
If this were the real world, and you had done work for a bank and used code to give yourself money and got caught, you'd be in jail.

Personally, I agree with coinerd.  All of this is dragging both sides down.  At this point everyone needs to walk away.

GASCoin: I hope you find a programmer and get back on track
r3wt: You've already said too much, walk away and don't come back.  I doubt Mother Theresa's backing would help your reputation now.
sr. member
Activity: 350
Merit: 250
That's how the world works right?
full member
Activity: 212
Merit: 100
i refused to fix your coin because you are deliberately trying to destroy my reputation.

You're right, I am. Because you premined my partner's coin when he paid you not to.

We gave you two options:

1 - New genesis with no premine
2- A refund

You took his money, delivered a broken piece of shit. You took neither option to rectify the situation. You're a scammer and now everyone sees it

he paid me jack shit. peanuts. what were you expecting for .4 btc honestly? the next bitcoin?

You're the one that told us that's how much you wanted. Don't act like that's what we offered you, we didn't even try to bargain with you. We paid you exactly what you asked for and got bullshit in return

I needed the money dude. hence why i snuck in the premine. i feared if i quoted you to high you'd look elsewhere. you could have offered to pay more, i suppose. i could have asked for more too. fuck it doesn't matter at this point, i already confessed to you in pm. decide what you wanna do and we'll go from there.

So scamming is ok if you need the money?!
member
Activity: 84
Merit: 10
I just don't see why gas coin has to die just because of this? Surely there is some way for both parties to resolve the issue?

Vote on this +1

Ok there is premine, now we know about it, owners should take it back and give as bounties for pools and other things. Everybody will be fine with that.

Or simply ask some developer to relaunch coin

People who mined the coin through all problems and errors showed that they actually are interested in coin, and will be more gratefull if you relaunch or continue coin than if you simply throw it out. At least I would like for coin to continue.
sr. member
Activity: 308
Merit: 250

I needed the money dude. hence why i snuck in the premine.

WTF? Seriously, I've been mostly on the fence here as I like to be neutral, but this is one FUCKED UP answer.
full member
Activity: 140
Merit: 100
You've got to be kidding me, r3wt is plainly stealing because he was mad he sold his services for 0.4 BTC. he literally has no excuse for expecting any sort of sympathy. That's like a thief asking for forgiveness after being caught riding a stolen bicycle because he wants to become a race-car driver.
Seriously, just give back the stupid 0.4 BTC. I mean really man, that's like $40 dollars in the current market. You're going full retard by saying that they shouldn't of expected you to make a shitty product because you offered a low price.

I understand what you are saying and you are right, I can't fault it but I also think people do stupid things sometimes but for the right reasons or non malicious reasons. If you look back through the thread He openly admitted that he premined it and wanted to give some to the owners, I know that doesn't in any way make it right, it was messed up what he did. Should of just spoken to the guys paying and either asked for a realistic amount or persuaded them to do an open premine...

Can you honestly say that you have never made a mistake? Or never done anything really stupid?

I agree with you, he should give the money back! I think he should also make a public apology to the guys and do whatever he can to make it right. I just don't see why gas coin has to die just because of this? Surely there is some way for both parties to resolve the issue? I think the mod who was talking here has it right...

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