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Topic: onyx was dumped by the dev. - page 2. (Read 3035 times)

copper member
Activity: 1162
Merit: 1025
August 01, 2014, 02:59:35 PM
#62
this is your first clue people:

unlock.mk
July 30, 2014, 01:17:35 PM
 #44
Take a fact that normal miner can mine at most 3 coins at days and you have ready 150,000 ? pffff

no reason for that other than for them to dump. boycott this shit as in DONT FUCKING MINE IT!
legendary
Activity: 963
Merit: 1002
August 01, 2014, 02:59:09 PM
#61
how much did the dev made? By the looks of bettrex charts its like 1.6 btc?

Also was it a hidden premine or an obvious one?

He might spend 1 btc to hire someone to code the coin, so 60% return  Grin Grin


No, this is Carsen...He clones the shitty code himself.
newbie
Activity: 22
Merit: 0
August 01, 2014, 02:57:59 PM
#60
how much did the dev made? By the looks of bettrex charts its like 1.6 btc?

Also was it a hidden premine or an obvious one?

He might spend 1 btc to hire someone to code the coin, so 60% return  Grin Grin
full member
Activity: 168
Merit: 100
August 01, 2014, 02:54:54 PM
#59
how much did the dev made? By the looks of bettrex charts its like 1.6 btc?

Also was it a hidden premine or an obvious one?

1btc and no he dumped 27% ish  of his huge premine.  There was no hidden premine.  That's why I can't explain why bittrex would add a coin that clearly had bad specs like this.  It is kinda dumb on their part.  They say they add coins the community wants but if they read threads they would see the community didn't want it a few people did.  Also adding coins with a modded thread shouldn't be done by any exchange.  How can an exchange know what the community wants if it is being deleted?
newbie
Activity: 56
Merit: 0
August 01, 2014, 02:54:19 PM
#58
how much did the dev made? By the looks of bettrex charts its like 1.6 btc?

Also was it a hidden premine or an obvious one?
full member
Activity: 168
Merit: 100
August 01, 2014, 02:53:35 PM
#57
go to the irc and bring up legit coins they either laugh or ignor you, its fucking sickening. what a bunch of fucking dirtbags

If we stop supporting shitcoins devs will stop making them.  The best thing to do is dime shitcoins out so bad that all investors avoid them.  This will force devs to make better coins.  YAY we all profit.
copper member
Activity: 1162
Merit: 1025
August 01, 2014, 02:51:56 PM
#56
go to the irc and bring up legit coins
copper member
Activity: 1162
Merit: 1025
August 01, 2014, 02:50:25 PM
#55
you know this is pissing me off, i mine good coins with no bulshit
newbie
Activity: 56
Merit: 0
August 01, 2014, 02:49:58 PM
#54
I think escrowed premines don't work because the people escrowing can take it.  They can also stop the dev from using it.  He who hold the premine controls the fate of the coin.  

Foundation wallets limit the mount of coin the dev receives over time forcing them to keep supporting the coin.  As you can see not many devs have use it.  A few that did had very good results.  But they were devs who wanted to support their coin not run away.

Donations is another thing that can work.  Cloak had like 36000 coin in donations I heard.  That's like 93 btc at the current price.

Soooo the dev runs off and dumps the premine you've got 100% chance of a loss

Use a reputable escrow that is in the hands of the community, that sounds a bit less than 100%.

Better yet since you feel its a bad idea, guess what you don't have to put anything into the coins that use the escrow

To further this point, there have now been countless successful escrows for IPO's.  How many times has a trusted escrow run off the with IPO funds?  I can't remember a case where this has ever happened.  How many times has a dev run off with a premine?  Definitely not the same scenario.

Escrows are just people lets call them what they are.  They also are not under any governing body that can stop them from stealing a premine.   So why on earth would a dev trust them?  Devs make coins guys.  They control the premines so they can spend them as they see fit.  The solution is end premines.  Use donation models and foundation models.  It forces devs to work instead of scam.

your solution needs a competent staff of members that have to check the code to avoid hidden premine
full member
Activity: 168
Merit: 100
August 01, 2014, 02:49:37 PM
#53
Another scam   Sad  So what to mine this days? Old coins are not profitable anymore. Every new coin is a scam coin...looks like that days of mining is over...  Sad

Reject the scam coins, don't buy them, don't mine them,

 and you will see good coins popping out.

Right here is the truth guys force these shitcoin devs to make better coins or die.  This is the only message I have been trying to send.  If they make some better coins miners can profit also instead of just scammers and scamming devs.
sr. member
Activity: 280
Merit: 250
August 01, 2014, 02:48:55 PM
#52
Another scam   Sad  So what to mine this days? Old coins are not profitable anymore. Every new coin is a scam coin...looks like that days of mining is over...  Sad

Reject the scam coins, don't buy them, don't mine them,

 and you will see good coins popping out.

exactly.

quit accepting this shit as reality and demand better.

then you will get it.
newbie
Activity: 22
Merit: 0
August 01, 2014, 02:47:42 PM
#51
Another scam   Sad  So what to mine this days? Old coins are not profitable anymore. Every new coin is a scam coin...looks like that days of mining is over...  Sad

Reject the scam coins, don't buy them, don't mine them,

 and you will see good coins popping out.
jr. member
Activity: 37
Merit: 10
August 01, 2014, 02:46:16 PM
#50
Another scam   Sad  So what to mine this days? Old coins are not profitable anymore. Every new coin is a scam coin...looks like that days of mining is over...  Sad
full member
Activity: 168
Merit: 100
August 01, 2014, 02:42:51 PM
#49
I think escrowed premines don't work because the people escrowing can take it.  They can also stop the dev from using it.  He who hold the premine controls the fate of the coin.  

Foundation wallets limit the mount of coin the dev receives over time forcing them to keep supporting the coin.  As you can see not many devs have use it.  A few that did had very good results.  But they were devs who wanted to support their coin not run away.

Donations is another thing that can work.  Cloak had like 36000 coin in donations I heard.  That's like 93 btc at the current price.

Soooo the dev runs off and dumps the premine you've got 100% chance of a loss

Use a reputable escrow that is in the hands of the community, that sounds a bit less than 100%.

Better yet since you feel its a bad idea, guess what you don't have to put anything into the coins that use the escrow

To further this point, there have now been countless successful escrows for IPO's.  How many times has a trusted escrow run off the with IPO funds?  I can't remember a case where this has ever happened.  How many times has a dev run off with a premine?  Definitely not the same scenario.

Escrows are just people lets call them what they are.  They also are not under any governing body that can stop them from stealing a premine.   So why on earth would a dev trust them?  Devs make coins guys.  They control the premines so they can spend them as they see fit.  The solution is end premines.  Use donation models and foundation models.  It forces devs to work instead of scam.
hero member
Activity: 574
Merit: 500
Growcoin Chief
newbie
Activity: 22
Merit: 0
August 01, 2014, 02:40:48 PM
#47
What else do you guys expect?

Name it as ONYX style.

Include the following in your checklist for scam coin check before mining/buying and move on.

- Not ONYX style
sr. member
Activity: 364
Merit: 250
August 01, 2014, 02:38:29 PM
#46
I think escrowed premines don't work because the people escrowing can take it.  They can also stop the dev from using it.  He who hold the premine controls the fate of the coin.  

Foundation wallets limit the mount of coin the dev receives over time forcing them to keep supporting the coin.  As you can see not many devs have use it.  A few that did had very good results.  But they were devs who wanted to support their coin not run away.

Donations is another thing that can work.  Cloak had like 36000 coin in donations I heard.  That's like 93 btc at the current price.

Soooo the dev runs off and dumps the premine you've got 100% chance of a loss

Use a reputable escrow that is in the hands of the community, that sounds a bit less than 100%.

Better yet since you feel its a bad idea, guess what you don't have to put anything into the coins that use the escrow

To further this point, there have now been countless successful escrows for IPO's.  How many times has a trusted escrow run off the with IPO funds?  I can't remember a case where this has ever happened.  How many times has a dev run off with a premine?  Definitely not the same scenario.
full member
Activity: 140
Merit: 100
August 01, 2014, 02:35:54 PM
#45
I think escrowed premines don't work because the people escrowing can take it.  They can also stop the dev from using it.  He who hold the premine controls the fate of the coin.  

Foundation wallets limit the mount of coin the dev receives over time forcing them to keep supporting the coin.  As you can see not many devs have use it.  A few that did had very good results.  But they were devs who wanted to support their coin not run away.

Donations is another thing that can work.  Cloak had like 36000 coin in donations I heard.  That's like 93 btc at the current price.

Soooo the dev runs off and dumps the premine you've got 100% chance of a loss

Use a reputable escrow that is in the hands of the community, that sounds a bit less than 100%.

Better yet since you feel its a bad idea, guess what you don't have to put anything into the coins that use the escrow
full member
Activity: 168
Merit: 100
August 01, 2014, 02:35:07 PM
#44
I think escrowed premines don't work because the people escrowing can take it.  They can also stop the dev from using it.  He who hold the premine controls the fate of the coin.  

Foundation wallets limit the mount of coin the dev receives over time forcing them to keep support the coin.  As you can see not many devs have use it.  A few that did had very good results.  But they were devs who wanted to support their coin not run away.

Premine should be shared among different escrows and new reputable escrows are required. we can create new kind of rewarded jobs. And if u are following the bitmark project, reputation will be more and more important and there will be rewarded. yeh, there will be a risk but maybe do you invest all yoyr money in an unique coin? i think not. the same for dev. I prefer to lose the 10% of the premine, if one of the escrows runs away, rather than lose all my investment when the dev runs to bahamas. we MUST to find a solution for to keep alive this business.

I just offered 2 reasonable solutions donation model worked for cloak they got 93 btc worth of cloak donated. And foundation wallets that force devs to keep supporting the coin.  Fuck escrows.  I wouldn't trust them more then I trust a dev and neither should anyone else.  People sell out for money everyone day.  No one can be trusted.  That's why the 2 solutions I gave are a good way to force shitcoin devs to step up their game and make better coins while supporting them long term.
newbie
Activity: 56
Merit: 0
August 01, 2014, 02:31:29 PM
#43
I think escrowed premines don't work because the people escrowing can take it.  They can also stop the dev from using it.  He who hold the premine controls the fate of the coin.  

Foundation wallets limit the mount of coin the dev receives over time forcing them to keep support the coin.  As you can see not many devs have use it.  A few that did had very good results.  But they were devs who wanted to support their coin not run away.

Premine should be shared among different escrows and new reputable escrows are required. we can create new kind of rewarded jobs. And if u are following the bitmark project, reputation will be more and more important and there will be rewarded. yeh, there will be a risk but maybe do you invest all yoyr money in an unique coin? i think not. the same for dev. I prefer to lose the 10% of the premine, if one of the escrows runs away, rather than lose all my investment when the dev runs to bahamas. we MUST to find a solution for to keep alive this business.
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