The coin launched with only a source code on github. How many coins have been called a scam because of this same scenario? Let me give you a hint, all of them.
There are so many red flags here all one has to do is read the OP and the first page.
The launch was designed to give the developers and anyone competent a large advantage. So yes its a scam. The only reason you question it is because you know what your doing and are happily mining away.
Topic: [POLL] !!!!STEEM is it a SCAM !!!!- or only honestly unfair??? you decide. - page 4. (Read 9388 times)
April 05, 2016, 02:30:47 PM
April 05, 2016, 01:49:51 PM
Here is what i first read by eclipse crypto dev
"The reasoning behind not having windows binaries is that the devs continue to use their insider knowledge to fuck over the community.
The list of how they do this is growing longer.
Most recently you will notice that they offered someone a position as a witness. How are they able to offer this position? Because they have now secured all control over this coin by using this concept of vests. This coin is COMPLETELY CENTRALIZED NOW.
Here's how they did it:
First, they did a typical instamine/flashmine/freemine scam (yes scam) where they released
(1) no compiled wallets
(2) no instructions to build
(3) incomplete and inaccurate instructions to mine
This wasn't bad enough. After the first 12 or so hours of mining, all their miners crashed, exposing that they were mining to 100 different witnesses to hide the fact that they (he) was one entity. The devs wouldn't have been caught except that their mining instructions were wrong, and no one else was mining because, even if they couldn't get the client to build, they entered mining commands that caused them to get no blocks. The devs will claim this isn't on purpose, but check the original thread. You'll see that no one mined a block when the dev's miners were down.
Then, as I have stated many times, when their miners crashed again, I mined a significant amount of steem that night in their absence. To prevent my vesting that and driving the price of vests up on them, they relaunched to ensure COMPLETE CONTROL AND CENTRALIZATION.
After the relaunch, no one would challenge them on mining because if they did, the devs would just relaunch this scamcoin again. So, no one who pays attention (and the people who have the means to procure whatever hashes they want are also the people who are paying attention), would challenge them on the hashes. As they hoped, no one did and they completely dominated the hashes for 1 week.
Now after 1 week of hashing, they dump all their coins into vests, where the price of a vest goes up with the amount vested. This is not your typical stakeholding where one unit of currency is worth one stake. This is on purpose so that they can COMPLETELY CONTROL THIS COIN IN A CENTRALIZED WAY after just 1 week.
Vests don't cost 1 STEEM anymore like they did when the devs bought them. They now cost 5 STEEM. That means that you will need to dominate all the hashes for 5 weeks just to match the control the devs have after 1 week. They have driven your costs up by 5, not using the market, as should be done, but by using this freemine/threat-of-relaunch scam.
So, why don't we all just mine for 5 weeks and decentralize control ourselves? There are two main reasons.
First, anyone who is paying attention (this includes all smart people with BTC to throw at things like this) won't dump money on a scam like this. So you are going to get a bunch of gullible small timers who don't have the foresight to convert to vests anyway, even if vests were legit. The small timers just want to get a profit asap.
Second, there's only 3 more weeks left of true mining before delegated mining kicks in. Delegated mining is when the devs pick 19 "witnesses" to mine. Maybe they might pick one or two legit miners, but the most likely scenario, given the scam they have perpetrated so far, is that they will pick at least 17 instances of themselves to mine.
In other words, it's impossible now to decentralize this coin because the devs have rigged it since the beginning. Not only that, they will be getting all the coins, unchallenged, for as small of a price as they want to pay.
By the way, I'm keeping track here. The devs are going to have to stay low and so will this coin. If it ever gets big, then these devs will be fucked because they will not be able to deny they control the entire currency."
Then I read this a page later from eclipse crypto dev
"And I've been mining while I've been fudding.
Hate me? Consider it "chess". Wink
TOTAL 1357.000 STEEM 3676.733594 VESTS 0.000 SBD "
Eclipse crypto dev latest one
"I think you have a great idea here and am interested in being a witness, so I'm going to lay down my creds.
First of all, the Eclipse Crypto account is a join developer account. I originally used it to post in this thread because I was logged in as this account and forgot to log out. I thought it would be a one-off post but then it kind of exploded. The other Eclipse developers have been *very* understanding, and my apparent lunacy here is in no way a reflection of the Eclipse team.
From now on, I'll post in this thread as "Bubba-Gump".
Was he paid off in steems or just was fudding and scamming all along? either way would you want a dev like this in charge of your eclipse crypto currency. I would be selling that at once if I had any I would be.
"The reasoning behind not having windows binaries is that the devs continue to use their insider knowledge to fuck over the community.
The list of how they do this is growing longer.
Most recently you will notice that they offered someone a position as a witness. How are they able to offer this position? Because they have now secured all control over this coin by using this concept of vests. This coin is COMPLETELY CENTRALIZED NOW.
Here's how they did it:
First, they did a typical instamine/flashmine/freemine scam (yes scam) where they released
(1) no compiled wallets
(2) no instructions to build
(3) incomplete and inaccurate instructions to mine
This wasn't bad enough. After the first 12 or so hours of mining, all their miners crashed, exposing that they were mining to 100 different witnesses to hide the fact that they (he) was one entity. The devs wouldn't have been caught except that their mining instructions were wrong, and no one else was mining because, even if they couldn't get the client to build, they entered mining commands that caused them to get no blocks. The devs will claim this isn't on purpose, but check the original thread. You'll see that no one mined a block when the dev's miners were down.
Then, as I have stated many times, when their miners crashed again, I mined a significant amount of steem that night in their absence. To prevent my vesting that and driving the price of vests up on them, they relaunched to ensure COMPLETE CONTROL AND CENTRALIZATION.
After the relaunch, no one would challenge them on mining because if they did, the devs would just relaunch this scamcoin again. So, no one who pays attention (and the people who have the means to procure whatever hashes they want are also the people who are paying attention), would challenge them on the hashes. As they hoped, no one did and they completely dominated the hashes for 1 week.
Now after 1 week of hashing, they dump all their coins into vests, where the price of a vest goes up with the amount vested. This is not your typical stakeholding where one unit of currency is worth one stake. This is on purpose so that they can COMPLETELY CONTROL THIS COIN IN A CENTRALIZED WAY after just 1 week.
Vests don't cost 1 STEEM anymore like they did when the devs bought them. They now cost 5 STEEM. That means that you will need to dominate all the hashes for 5 weeks just to match the control the devs have after 1 week. They have driven your costs up by 5, not using the market, as should be done, but by using this freemine/threat-of-relaunch scam.
So, why don't we all just mine for 5 weeks and decentralize control ourselves? There are two main reasons.
First, anyone who is paying attention (this includes all smart people with BTC to throw at things like this) won't dump money on a scam like this. So you are going to get a bunch of gullible small timers who don't have the foresight to convert to vests anyway, even if vests were legit. The small timers just want to get a profit asap.
Second, there's only 3 more weeks left of true mining before delegated mining kicks in. Delegated mining is when the devs pick 19 "witnesses" to mine. Maybe they might pick one or two legit miners, but the most likely scenario, given the scam they have perpetrated so far, is that they will pick at least 17 instances of themselves to mine.
In other words, it's impossible now to decentralize this coin because the devs have rigged it since the beginning. Not only that, they will be getting all the coins, unchallenged, for as small of a price as they want to pay.
By the way, I'm keeping track here. The devs are going to have to stay low and so will this coin. If it ever gets big, then these devs will be fucked because they will not be able to deny they control the entire currency."
Then I read this a page later from eclipse crypto dev
"And I've been mining while I've been fudding.
Hate me? Consider it "chess". Wink
TOTAL 1357.000 STEEM 3676.733594 VESTS 0.000 SBD "
Eclipse crypto dev latest one
"I think you have a great idea here and am interested in being a witness, so I'm going to lay down my creds.
First of all, the Eclipse Crypto account is a join developer account. I originally used it to post in this thread because I was logged in as this account and forgot to log out. I thought it would be a one-off post but then it kind of exploded. The other Eclipse developers have been *very* understanding, and my apparent lunacy here is in no way a reflection of the Eclipse team.
From now on, I'll post in this thread as "Bubba-Gump".
Was he paid off in steems or just was fudding and scamming all along? either way would you want a dev like this in charge of your eclipse crypto currency. I would be selling that at once if I had any I would be.
April 05, 2016, 01:08:29 PM
I can't decide if this is a scam or not. I'm not kidding it is an honestly unfair coin apparently hehe
IF YOU WANT CLIFF NOTES OF THIS SKIP TO MY 2ND POST BELOW TO REVIEW ECLIPSE CRYPTOS INTIAL ACCUSATIONS AND CONVINCING EVIDENCE HE SUPPLIES TO BACK UP HIS SCAM CLAIMS.
clip from eclipse crypto dev - below...
------------------------------------------------------------------------------
"The reasoning behind not having windows binaries is that the devs continue to use their insider knowledge to fuck over the community.
The list of how they do this is growing longer.
Most recently you will notice that they offered someone a position as a witness. How are they able to offer this position? Because they have now secured all control over this coin by using this concept of vests. This coin is COMPLETELY CENTRALIZED NOW.
Here's how they did it:
First, they did a typical instamine/flashmine/freemine scam (yes scam) where they released
(1) no compiled wallets
(2) no instructions to build
(3) incomplete and inaccurate instructions to mine
This wasn't bad enough. After the first 12 or so hours of mining, all their miners crashed, exposing that they were mining to 100 different witnesses to hide the fact that they (he) was one entity. The devs wouldn't have been caught except that their mining instructions were wrong, and no one else was mining because, even if they couldn't get the client to build, they entered mining commands that caused them to get no blocks. The devs will claim this isn't on purpose, but check the original thread. You'll see that no one mined a block when the dev's miners were down.
Then, as I have stated many times, when their miners crashed again, I mined a significant amount of steem that night in their absence. To prevent my vesting that and driving the price of vests up on them, they relaunched to ensure COMPLETE CONTROL AND CENTRALIZATION.
After the relaunch, no one would challenge them on mining because if they did, the devs would just relaunch this scamcoin again. So, no one who pays attention (and the people who have the means to procure whatever hashes they want are also the people who are paying attention), would challenge them on the hashes. As they hoped, no one did and they completely dominated the hashes for 1 week.
Now after 1 week of hashing, they dump all their coins into vests, where the price of a vest goes up with the amount vested. This is not your typical stakeholding where one unit of currency is worth one stake. This is on purpose so that they can COMPLETELY CONTROL THIS COIN IN A CENTRALIZED WAY after just 1 week.
Vests don't cost 1 STEEM anymore like they did when the devs bought them. They now cost 5 STEEM. That means that you will need to dominate all the hashes for 5 weeks just to match the control the devs have after 1 week. They have driven your costs up by 5, not using the market, as should be done, but by using this freemine/threat-of-relaunch scam.
So, why don't we all just mine for 5 weeks and decentralize control ourselves? There are two main reasons.
First, anyone who is paying attention (this includes all smart people with BTC to throw at things like this) won't dump money on a scam like this. So you are going to get a bunch of gullible small timers who don't have the foresight to convert to vests anyway, even if vests were legit. The small timers just want to get a profit asap.
Second, there's only 3 more weeks left of true mining before delegated mining kicks in. Delegated mining is when the devs pick 19 "witnesses" to mine. Maybe they might pick one or two legit miners, but the most likely scenario, given the scam they have perpetrated so far, is that they will pick at least 17 instances of themselves to mine.
In other words, it's impossible now to decentralize this coin because the devs have rigged it since the beginning. Not only that, they will be getting all the coins, unchallenged, for as small of a price as they want to pay.
------------------------------------------------------
The dev says it is not a scam there is no premine and no instamine. Sadly no windows qt for miners
by desire so he has less mining competition, if he does get too much competition he will reset the coin again.
Then there was this guy
eclipse crypto - screaming it was a scam and they reset the coin because he mined more than the devs. He produced some evidence he mined a lot of steem tokens just before they reset the coin and relaunched it.
I mean we should believe him right?? he is a dev for some eclipse crypto. Would devs lie and admit it in public??
BUT wait now he is saying he was just fudding so he could mine more??? this guy is a developer??
Anyway after a while it was decided it is not a scam because the developer of this coin steem says openly it is NOT MEANT TO BE FAIR?
So you can launch coins that are UNFAIR so long as you are honest??? I kind of agree this is better than saying it is fair and then making it unfair?
All you need to do is read the thread
https://bitcointalksearch.org/topic/annsteempow-no-ipo-no-premine-no-instamine-relaunch-1410943
or old one
https://bitcointalksearch.org/topic/annsteempow-an-experimental-proof-of-work-blockchain-1408726
Even if it is not a scam best all get over there now and mine it so they can't keep it all. Go widen that distribution. Don't let them vest it all and drip it out for huge returns.
Also make sure to avoid eclipse coin or whatever junk this dev pumps out because if steem is not a scam and he was just screaming scam to mine more steem then he must be a scammer or at the best very dishonest. I would not trust him as dev of any project because scamming is just chess to him.
Someone took HODL and mated it with bitshares?
No need for discussion read the thread and just vote ....it's a scam or it's not a scam.
All very confusing
1. is steem a scam? or just honestly unfair?
2. is eclipse crypto dev account hacked ?
3. is eclipse crypto correct and that fudding when all the while trying to mine more for yourself just like chess??
4. is eclipse cryto the coin to be trusted?
Is this the new breed of honestly unfair releases because it's all the govs fault for regulation.
Steeming pile of scam or steeming great coin idea. Hodl and bitshares combined.
Get your VPS on it now and get vesting. Or write it off as a scam. That's the question I guess.
Also please leave a comment so I can judge who you think is better or worse bad or least good out of
1.steem dev with his honestly very unfair coin which he tried to mine looking like 100 different people
or
2. eclipse crypto dev - who reveals it for being very unfair and even calls it a scam only to then say he was fudding and mining all along and now begging for witness status?
I mean who is least bad here? Please let me know.
IF YOU WANT CLIFF NOTES OF THIS SKIP TO MY 2ND POST BELOW TO REVIEW ECLIPSE CRYPTOS INTIAL ACCUSATIONS AND CONVINCING EVIDENCE HE SUPPLIES TO BACK UP HIS SCAM CLAIMS.
clip from eclipse crypto dev - below...
------------------------------------------------------------------------------
"The reasoning behind not having windows binaries is that the devs continue to use their insider knowledge to fuck over the community.
The list of how they do this is growing longer.
Most recently you will notice that they offered someone a position as a witness. How are they able to offer this position? Because they have now secured all control over this coin by using this concept of vests. This coin is COMPLETELY CENTRALIZED NOW.
Here's how they did it:
First, they did a typical instamine/flashmine/freemine scam (yes scam) where they released
(1) no compiled wallets
(2) no instructions to build
(3) incomplete and inaccurate instructions to mine
This wasn't bad enough. After the first 12 or so hours of mining, all their miners crashed, exposing that they were mining to 100 different witnesses to hide the fact that they (he) was one entity. The devs wouldn't have been caught except that their mining instructions were wrong, and no one else was mining because, even if they couldn't get the client to build, they entered mining commands that caused them to get no blocks. The devs will claim this isn't on purpose, but check the original thread. You'll see that no one mined a block when the dev's miners were down.
Then, as I have stated many times, when their miners crashed again, I mined a significant amount of steem that night in their absence. To prevent my vesting that and driving the price of vests up on them, they relaunched to ensure COMPLETE CONTROL AND CENTRALIZATION.
After the relaunch, no one would challenge them on mining because if they did, the devs would just relaunch this scamcoin again. So, no one who pays attention (and the people who have the means to procure whatever hashes they want are also the people who are paying attention), would challenge them on the hashes. As they hoped, no one did and they completely dominated the hashes for 1 week.
Now after 1 week of hashing, they dump all their coins into vests, where the price of a vest goes up with the amount vested. This is not your typical stakeholding where one unit of currency is worth one stake. This is on purpose so that they can COMPLETELY CONTROL THIS COIN IN A CENTRALIZED WAY after just 1 week.
Vests don't cost 1 STEEM anymore like they did when the devs bought them. They now cost 5 STEEM. That means that you will need to dominate all the hashes for 5 weeks just to match the control the devs have after 1 week. They have driven your costs up by 5, not using the market, as should be done, but by using this freemine/threat-of-relaunch scam.
So, why don't we all just mine for 5 weeks and decentralize control ourselves? There are two main reasons.
First, anyone who is paying attention (this includes all smart people with BTC to throw at things like this) won't dump money on a scam like this. So you are going to get a bunch of gullible small timers who don't have the foresight to convert to vests anyway, even if vests were legit. The small timers just want to get a profit asap.
Second, there's only 3 more weeks left of true mining before delegated mining kicks in. Delegated mining is when the devs pick 19 "witnesses" to mine. Maybe they might pick one or two legit miners, but the most likely scenario, given the scam they have perpetrated so far, is that they will pick at least 17 instances of themselves to mine.
In other words, it's impossible now to decentralize this coin because the devs have rigged it since the beginning. Not only that, they will be getting all the coins, unchallenged, for as small of a price as they want to pay.
------------------------------------------------------
The dev says it is not a scam there is no premine and no instamine. Sadly no windows qt for miners
by desire so he has less mining competition, if he does get too much competition he will reset the coin again.Then there was this guy
eclipse crypto - screaming it was a scam and they reset the coin because he mined more than the devs. He produced some evidence he mined a lot of steem tokens just before they reset the coin and relaunched it.
I mean we should believe him right?? he is a dev for some eclipse crypto. Would devs lie and admit it in public??
BUT wait now he is saying he was just fudding so he could mine more??? this guy is a developer??
Anyway after a while it was decided it is not a scam because the developer of this coin steem says openly it is NOT MEANT TO BE FAIR?
So you can launch coins that are UNFAIR so long as you are honest??? I kind of agree this is better than saying it is fair and then making it unfair?
All you need to do is read the thread
https://bitcointalksearch.org/topic/annsteempow-no-ipo-no-premine-no-instamine-relaunch-1410943
or old one
https://bitcointalksearch.org/topic/annsteempow-an-experimental-proof-of-work-blockchain-1408726
Even if it is not a scam best all get over there now and mine it so they can't keep it all. Go widen that distribution. Don't let them vest it all and drip it out for huge returns.
Also make sure to avoid eclipse coin or whatever junk this dev pumps out because if steem is not a scam and he was just screaming scam to mine more steem then he must be a scammer or at the best very dishonest. I would not trust him as dev of any project because scamming is just chess to him.
Someone took HODL and mated it with bitshares?
No need for discussion read the thread and just vote ....it's a scam or it's not a scam.
All very confusing
1. is steem a scam? or just honestly unfair?
2. is eclipse crypto dev account hacked ?
3. is eclipse crypto correct and that fudding when all the while trying to mine more for yourself just like chess??
4. is eclipse cryto the coin to be trusted?
Is this the new breed of honestly unfair releases because it's all the govs fault for regulation.
Steeming pile of scam or steeming great coin idea. Hodl and bitshares combined.
Get your VPS on it now and get vesting. Or write it off as a scam. That's the question I guess.
Also please leave a comment so I can judge who you think is better or worse bad or least good out of
1.steem dev with his honestly very unfair coin which he tried to mine looking like 100 different people
or
2. eclipse crypto dev - who reveals it for being very unfair and even calls it a scam only to then say he was fudding and mining all along and now begging for witness status?
I mean who is least bad here? Please let me know.
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