Topic: Operation Shitcoin Cleanout and Clean Up Has Begun- Join the Revolution- Re-open - page 54. (Read 176874 times)

I have tried my best to stop HongKongCoin, which is a coingen coin created by a group of scammers, which are Bittrex and Poloniex Imposters in this forum.

This HKC seems dying. Now its network hash rate (SHA256) has dropped to <3 TH/sec, and its exchange rate is only 3 satoshi.

Why could Majorminer say "there's no advantage" for him to pretend Bittrex?   

He did admit that the HKC dev paid him a handsome bounty. Has he forgotten?


The following is the what Majorminers said in the HKC ANN thread:

This thread hasnt stopped a shitcoin yet

I read this twice and still not sure what you're trying to say.



How exactly did I "attack you personally"? If you often see people attacking you, all I can suggest is to seek professional help.



Are you attacking me? Does that make you a mindless sheep? 

I agree with your points but I think coin devs should focus on usage.

If nobody uses a coin, what's the point? That means coins should try and fulfill a function and be targeted to a specific audience.

Funny how you never showed any reason to create a new coin that had any credibility, instead you attacked me personally. Great strategy that I find many mindless sheep here take.

I understand your sentiment, and I think we're potentially headed for some turbulent times.

But without condoning the actions of the crypto-jihadists in any way, I believe this is just a natural phase we're going through, growing pains you might say..

There are so many coins that are produced without their dev(s) understanding the interaction of parameters or having awareness of the security risks.
This is even more unfortunate when the dev team has basically good intentions, but they inadvertently produce a high-risk coin, that can be taken down by some kid with graphics cards.

I am of the opinion that a cryptocoin need not embody a technical innovation to justify its existence (although that of course is a plus). They can be also be used to build communities, and Dogecoin was the first to demonstrate that. In future cryptocoins can also be used to strenghten existing communities by being used for purchasing services and products in a specific niche.

But for this to happen, these next gen altcoins need to become more conscious of the vulnerabilities. And this current brouhaha could be the key stepping stone towards that goal.  So brand new devs need to delve somewhat deeper into code, educate themselves on checkpoints, diff adjustment and other security-related topics, than they have done so far. A coin that can demonstrate its strength against attacks will have a serious selling point that attract investors.

You cannot talk about trust in a dev (or any person on the net) as long as his identity is hidden under a nickname (or several).

Why Majorminers suddenly becoming a "Saint" here?

He is the guy pretending to be the "Bittrex team" in Bitcointalk forum. He is a great supporter of shitcoin, i.e., HKC, which is a coingen coin.

He has admitted that he is a wolf. See his post as following:

I think most the old guard want cryptos to succeed in what ever form evolves (obvious theres also many btc fanbois who'd never set foot in this section), but simply don't want to see alts turn into a scam feast.
 
Similarly when btc hit $5 this forum suddenly became full of scams and scamers its nothing new and many of us learnt our lessons back then.


Pretty simple alt currencies YES scams NO.

pyramid schemes ripping people off is just as bad don't *try down playing it to defend draining noobs and idiots dry for all their money.
playing dumb and playing little games.. as usual. stop making excuses for bad behavior.

the ddos crap is maybe one comment i still have not even seen and yet you guys trying to defend scam coins keep harping on it.. same with extortion.
in case you haven't noticed i have been here non stop reading all the replies and i never seen any ddos or extortion threats.
so cooking that crap up and pushing it along is your best excuse for bad behavior you can think of ?
listen up..
two wrongs don't make a right.. so even if someone did say shit like that so fucking what.. we are ALL not condoning that. (like you are implying endlessly)
if anything a few of us have simply stated forking some of these coins would be helpful to deter them from mass spamming them hourly.. every fucking day !
for the love of fucking god scumbags quit defending this stupid crap and squirming to make stupid excuses.. your all full of shit period .
and yeah we see through your dumb crap too.. it's not working, your not convincing anyone,
so your wasting your time and digging your self a grave.. making yourselves look bad.

hey corrupt scammers.. guess what ? people are free to come here and say anything they want.. try this on for size.
I declare here and now i want to put coin spammers to death and make a skin suit out of them so i can wear it and feel pretty
i guess that means we're all a bunch of skin suit wearers now eh ? what are you going to do about it scammers ?
eat a fucking dick you pathetic douche bags lol

bottom line, cry and whine but watch your back. Your coin may be forked etc.. ya never know lol
and if that happens maybe people will reconsider mining a scammy coin or investing in them etc.
if your not invested in scam coins then mind your own business.. us taking them down should make no difference to you at all
Sound familiar ? get it ?
Tired of homeless bums living on my lawn lowering my property values and neighbors telling me to ignore them they are doing no harm.. digging around in the garbage etc.

Time for Operation Shit Coin clean up !

Enjoyed this post. Will read again.

I confess I gamble with pennycoins too because I wanna hit it big as well.

Are you on uppers, or not?

i have seen a coin where the guy was claiming 0 premining having for the first block or first 10 blocks anyway around 1000000 coins where the next blocks were 500

Things can be deceiving ....1% sounds small, but some devs gear the block scaling and timing so that 1% can be as much as every single miner can mine combined for months. Then because their 1% is such a huge proportion of the actual minted coins around they can do huge damage to the price and control the market.

Yep.. I have the same experiences.. talking with friends who basically told me "bitcoin is beta", doesn't it still have a lot of security problems?  After me trying to convince them how awesome of a concept it is. etc..

I don't even know why we are arguing on this thread, we're all on the same side here.. all of us want to see cryptos gain wide adoption and mainstream.. change the world ,etc.  Its a community that should welcome noobs, not look down on them.  Help people get involved, understand this stuff.. have fun with it.  

Anyways, I'm out.. back to promoting.. www.planetdollar.org on facebook!   Oh yeah, my coin shouldn't fit the criteria.. actually if you look at the code PDR is < 0.1% premine..    Or .. maybe do target my coin, might get a bit more publicity that way.. hehe. 

Really nice post ...

I haven't been into cryptos very long, but this does bring up a question I've always had. Why is a 1% premine considered bad? Is it considered poor form for the developer to profit in any way?

I just find it a bizarre notion personally. If a premine is gigantic and cashed out entirely by the dev, or promised to be used for promotion, yet isn't -- I can see why people would look at it as if the dev is scamming someone. But if it's a reasonable amount, who cares? I mean, why is it wrong for a developer to profit at all from a small premine? I never quite got that.

That reminds me of something that occurred to me right after the Mt. Gox thing,  when a friend asked me if I could tell her what a bitcoin was, as she didn't really understand how they worked. Her thought was was they were close to worthless, due to an article she read about the failing exchange.

And around that same time I recall seeing a political cartoon or two, all portraying bitcoins as being worthless and also in a way making fun of people trying to use them. Of course it wasn't true, but perception was hurt a ton by Gox.

Which was the argument I was trying to make earlier. Even if you exclude effects on price, public acceptance is much more difficult when all of this shady stuff happens.