Topic: NVC: The biggest ongoing scam in cryptocoin history (Read 8518 times)

Supply is growing constantly... And now it's more than 3 times higher than it was at the beginning of 2013. But of course, anybody is free to choose another project, no one will object.

NovaCoin is a ScamCoin! 

I agree BFL is the biggest scam. They skinned me bad.

NovaCoin I think is a brilliant design but when over 85% of the coin supply is mined in the first 10 days or so of a coins life it is kind of a stand out.

With novacoin we all have the option to just not mine or trade it.

To the people that start about Satoshi's so called premining, he didn't premine anything! He released it in the open en started, that only a few mined with him is not his fault. If someone releases a coin now and nobody wants to mine it, nobody will complain that the dev is mining alone. 
And for your information, he didn't sold any of his coins and really didn't look like the person who started Bitcoin to get as fast as possible, as rich as possible.

I hope you get therapy for your mental condition? NVC is in no way competition for Litecoin.

You understand, Litecoin wouldn't exist anymore if Coblee had premined 210k coins? Those people invested in it because it was an honest coin, else it would have got the same complaints as we have about the scamcoin you clearly hold. And Litecoin doesn't gets it value by artificial pumps, but through development and adoption! Tell me what plans does the NVC community has? I'm sure lot's of discussion going on in the non-existent novacoin forums. I'm sure lot's of exchanges are eager to implement NVC, payment processors are on their way and I probably missed all the media attention.

And if I would think Novacoin was such a great coin that could destroy LTC in the future and money was my only motivation, why the hell wouldn't I just buy them? 

WARNING SCAM COIN PUMP AND DUMP ON BTC-e ,PREMINED COIN,NVC CRASH SOON

Yup blaim the inventor of crypto for taking money for his work.. we should all start non profitable things  
Yes I'm his mom, nice to meet you.

Yeah Satoshi needs to come in here and give us an explanation for this!!! 

Who are you? Satoshi's mom?

Maybe guys who "secret mined" $100,000,000 can defend themselves?

The reason given here for why premine is bad for investors applies to satoshi's stash just like premine. Doesn't really matter for investors deciding to buy/sell today. If it's not a big problem for bitcoin, why is it for novacoin?


You've totally ignored factors like quantity in circulation and interest rate. For a start, there are more than 20M litcoins now, but only around 432k novacoins (332k if you subtract the 100k destroyed). Litecoin has a much higher market capitalization than novacoin (~30 times).

I feel the same way..

Not sure about OP, but I do beliee that NVC is insanely overvalued on BTC-e. As long as it is trading higher in NVC/BTC than LTC/BTC, the coin is total bs. There are surely more vendors that accept Litecoin over unknown Novacoin, and Litecoins market cap is higher, I don't understand how it is valued that highly without some form of manipulation behind it.

Well then.. good info, didn't know this.
So essentially no premine.

Well I know one thing, Balthazar is helping a lot of people in the crypto community plus NVC has pioneered a lot of features now considered standard.

so +1 to NVC from me.

He wasn't even the sole miner.  Hal Finney reported mining one of the early blocks (IIRC it was in the first hundred or so).  So the best one could say is Satoshi was one of the few early miners in the first year of Bitcoin. 

Learn the definition of premine..
He did not premine it. He was the sole miner for quite some time.

~41% of downloaders came from Russia;
~25% are from USA;
~13% splitted between Ukraine and China.

U.S. citizens are beginning see clearly 

Or just wait few month until another 400000 will be mined. And 27% (if they exist at all, which I doubt) will drop to 10%.

Novacoin is at start position now. Remember this.

wow. this means i can hugely premine all future coins i release! hooray, i'll never work again!


i fucking agree totally.

In fact, just one question.
Is there at least one person who claims that NVC is a scam and does not have few thousands (or more) LTC at the same time?

I think it's just a matter of future competition between these currencies.
NVC has many advantages over LTC and can destroy it in future.
For this reason, those who have LTC premine (or "easymine") constantly spreading rumors about NVC-scam.

Truth is that they're just trying to save their erroneous investment in LTC.

Yep
He premined 5 million BTC, not 4 million