This thread is locked, please use this one: https://bitcointalksearch.org/topic/pre-ann-up-down-experiment-up-down-coin-mintpal-launch-555767
Reasons why we needed to make a new thread here, some network of people post bad stuff and then demand BTC to erase posts: https://bitcointalksearch.org/topic/m.6039800
Topic: [PRE-ANN] ↑ Up Coin ↑ Always going up! Ever changing algorithm ↑ JOIN HERE! (Read 5039 times)
April 03, 2014, 11:56:05 AM
April 03, 2014, 02:41:07 AM
IPO aside, this coin is poorly thought out and promises things it can't guarantee.
At the very least, instead of lowering the block reward over time they are INCREASING THE BLOCK TIME!
Does no one understand what this means?
It means this coin will eventually turn into a slow piece of shit like bitcoin.
What is the difference between reducing the block reward/increasing block time and just reducing the block reward twice as much?
THERE IS NO DIFFERENCE EXCEPT ONE SLOWS DOWN THE ENTIRE NETWORK!!
This is so poorly thought out its actually painful to see not one person has mentioned this in the entire thread.
It goes to show that many of you have no idea what the fuck is going on or how these systems work at all.
You people need to educate yourselves instead of just investing in the next shiny new coin that comes out.
Your blind support of copycoins and scamcoins is ruining the altcoin community and if it continues there won't be much profit left to make on ANY COIN.
In the long run you are just spreading us thinner and thinner over more coins that will never go anywhere.
Pick the winners, stick with them, stop supporting every piece of shit that comes out just because its new. This is how we ALL profit. Not just the losers who hop from one coin to the next.
At the very least, instead of lowering the block reward over time they are INCREASING THE BLOCK TIME!
Does no one understand what this means?
It means this coin will eventually turn into a slow piece of shit like bitcoin.
What is the difference between reducing the block reward/increasing block time and just reducing the block reward twice as much?
THERE IS NO DIFFERENCE EXCEPT ONE SLOWS DOWN THE ENTIRE NETWORK!!
This is so poorly thought out its actually painful to see not one person has mentioned this in the entire thread.
It goes to show that many of you have no idea what the fuck is going on or how these systems work at all.
You people need to educate yourselves instead of just investing in the next shiny new coin that comes out.
Your blind support of copycoins and scamcoins is ruining the altcoin community and if it continues there won't be much profit left to make on ANY COIN.
In the long run you are just spreading us thinner and thinner over more coins that will never go anywhere.
Pick the winners, stick with them, stop supporting every piece of shit that comes out just because its new. This is how we ALL profit. Not just the losers who hop from one coin to the next.
And then you will ask BTC to erase your posts.. The coin hasn't even being launched and you say your lies talking that bad stuff. Nice try!
What the fuck did you say to me?
Lies?
BLOCK TIME
Ever changing. From 20 seconds to 10 minutes time, the block time is constantly changing and going up! This is done via steps in code so it’s not a drastic move.
We want to ensure that your investment always goes up with the coin.
How is that a lie?
You intend to increase the block time.
You do know what happens when you increase the time between blocks don't you?
I don't know how else to put it any clearer: YOU WILL INTENTIONALLY SLOW DOWN THE NETWORK TO DECREASE THE AMOUNT OF COINS BEING MINED.
You could achieve the very same thing by reducing the block rewards.
For example:
100 coin reward with 5 minute block time (slow) = 28,800 coins per day
20 coin reward with 1 minute block time (fast) = 28,800 coins per day
Call me a fucking liar again chump. You already look stupid, next time you will just look like a lying scumbag.
Heres an idea: How bout next time you reply with something constructive instead of just making baseless accusations.
April 02, 2014, 03:00:40 PM
IPO cancelled wow what happened to the people who already paid. SCAM....
hopefully they will be paid back the btc?
April 02, 2014, 02:53:25 PM
IPO cancelled wow what happened to the people who already paid. SCAM....
April 02, 2014, 02:48:01 PM
Good job on cancelling the IPO, it's no use any more with all the scammers around.
Will be keeping an eye on this coin. Good luck with launch, etc.
Will be keeping an eye on this coin. Good luck with launch, etc.
April 02, 2014, 02:43:33 PM
I am reasonable, I will delete my posts.
EDIT: i did not send you anything and there is no network of scammers.
IPO is scam, there is no way to make an IPO no scam.
EDIT: i did not send you anything and there is no network of scammers.
IPO is scam, there is no way to make an IPO no scam.
Quote
There is a network of scammers that post bad things about a coin and then demand BTC to erase the posts: scam_exposer, thimo and sitefive.
Delete mine and scam exposers name, we have nothing to do with SiteFive's operation. April 02, 2014, 02:39:23 PM
THE IPO IS CANCELLED DUE TO NEGATIVE ACTIVITY FORM FRAUDULENT USERS! ALL BTC PAID WILL BE REFUNDED TO USERS.
There is a network of scammers that post bad things about a coin and then demand BTC to erase the posts: scam_expose and sitefive.
This is the proof a PM sent to us, now they demand us BTC to erase all those posts:
http://i.cubeupload.com/5oOHNX.jpg
Now we know what were they real reasons. I hope that maybe that is not the real reason and they can apologise now for the things they said. That will prove them to be not scammers and maybe they were just wrong about us.
We are now just going to launch the coin without an IPO. We have erase the IPO from main post. Just to proof these people they were doing lies and trying to make schemes with posting bad stuff then demand BTC to erase the posts. We will launch the coin!
As soon as we communicate with our web developer will update the site about it too.
EDIT: thimo is not part of this PMs, please don't hold anything bad about him or post bad things in his thread. We wish them good luck with their coin. Our apologies.
There is a network of scammers that post bad things about a coin and then demand BTC to erase the posts: scam_expose and sitefive.
This is the proof a PM sent to us, now they demand us BTC to erase all those posts:
http://i.cubeupload.com/5oOHNX.jpg
Now we know what were they real reasons. I hope that maybe that is not the real reason and they can apologise now for the things they said. That will prove them to be not scammers and maybe they were just wrong about us.
We are now just going to launch the coin without an IPO. We have erase the IPO from main post. Just to proof these people they were doing lies and trying to make schemes with posting bad stuff then demand BTC to erase the posts. We will launch the coin!
As soon as we communicate with our web developer will update the site about it too.
EDIT: thimo is not part of this PMs, please don't hold anything bad about him or post bad things in his thread. We wish them good luck with their coin. Our apologies.
April 02, 2014, 09:00:43 AM
STOP BUMPING UP THIS SCAM!!!
Dev has Multiple accounts which he use to reply to his own posts
Dev has Multiple accounts which he use to reply to his own posts
April 02, 2014, 07:03:25 AM
STOP BUMPING UP THIS SCAM!!!
April 02, 2014, 03:06:08 AM
Interesting concept, it seems utopia.
Always goes up
, jesus christ, devs first at all you must read and understand economic theory!!!
Always goes up
, jesus christ, devs first at all you must read and understand economic theory!!! Herzog Zwei was one of the best games ever made on the sega genesis.
April 02, 2014, 02:38:29 AM
Interesting concept, it seems utopia.
Always goes up , jesus christ, devs first at all you must read and understand economic theory!!!
Always goes up
, jesus christ, devs first at all you must read and understand economic theory!!! April 02, 2014, 02:38:03 AM
Please GO AWAY!!!
April 02, 2014, 02:18:18 AM
MATHEMATICAL ALGORITHM
Unique mathematical equations were done to ensure the coin gets increasing value over time. Invest and let us do the rest.
Yeah right! Unique mathematical equations , my ass.
Why do people even fall for this crap.
Another scamcoin trying to fleece money out of the gullible.
April 02, 2014, 02:05:01 AM
You have to pay 0.5 BTC to get an early mining ticket 
How much do you want from me to have one hour solo time with the Blockchain prior to official start?
But people will still mine this and even worse buy the 0.5 BTC premine Ticket.
At least its a well made and creative scam.
GJ
How much do you want from me to have one hour solo time with the Blockchain prior to official start?
But people will still mine this and even worse buy the 0.5 BTC premine Ticket.
At least its a well made and creative scam.
GJ
Is this for real? if so looooooooooool
Stop wasting our time with these scams!!!!
It clearly quotes "Early access to mining"
So i will get one of these tickets and rent all rigs off betarigs to drive the diff into crazy highs before normal miners even allowed to join.
Then i will lay back and enjoy the shitstorm going down in this thread
April 01, 2014, 10:23:13 PM
another ipo?
why erery coin IPO, i don't like IPO.
why erery coin IPO, i don't like IPO.
April 01, 2014, 10:08:58 PM
"Unique mathematical equations were done to ensure the coin gets increasing value over time"
Here is another good one.
You just cannot guarantee this.
There is no magical formula that will force people to invest in a coin.
There is not other way for a coin to gain value than people putting money into the coin.
Here is another good one.
You just cannot guarantee this.
There is no magical formula that will force people to invest in a coin.
There is not other way for a coin to gain value than people putting money into the coin.
April 01, 2014, 10:06:03 PM
As you can see, the latest graph the dev posted and what he is saying practically proves he is trying to scam everybody.
Potential investors, if you do not have good bullshit detection skills then just trust those of us who are warning you about this operation.
If this were not a scam then the dev would not be making such wild promises and claims. If this is a coin experiment the dev would be a little more objective and wait until the results are in. If this was an experiment there would really be no need for an IPO.
No coin developer can guarantee increasing value. They are promising a diet pill. The only way to make a coin work is through adoption. Functionality can help this, but really a coin will not gain in value unless people are putting money into it through use and investment. There is no magic formula that can defy the laws of economics.
The dev throws some big words around, like 'mathematical', but really his description of the algorithm behind this magic coin is empty. There is nothing new here, nothing innovative, and definitely not something that has been proven to work.
Potential investors, if you do not have good bullshit detection skills then just trust those of us who are warning you about this operation.
If this were not a scam then the dev would not be making such wild promises and claims. If this is a coin experiment the dev would be a little more objective and wait until the results are in. If this was an experiment there would really be no need for an IPO.
No coin developer can guarantee increasing value. They are promising a diet pill. The only way to make a coin work is through adoption. Functionality can help this, but really a coin will not gain in value unless people are putting money into it through use and investment. There is no magic formula that can defy the laws of economics.
The dev throws some big words around, like 'mathematical', but really his description of the algorithm behind this magic coin is empty. There is nothing new here, nothing innovative, and definitely not something that has been proven to work.
you seem to know lot of this coins features.
where did you get the full specs of this coin?
can you post them here?
I don't need to know about the features of the coin.
You just cannot guarantee the things the dev is guaranteeing. This is a fact.
"Upcoin will reward all traders and miners that hold their coins by increasing it’s value over time. "
Note this does not say that Upcoin has a good chance of increasing value, they use the word 'will'.
There is no mathematical coin formula that will guarantee this. The only way a coin will increase in value is if people put money into the coin.
Here is another line:
"All this to ensure UP as a safe investment for you."
Not the word 'ensure' and 'safe investment'.
The owner is making a lot of guarantees. This is a red flag right there. Then add the fact that there is a no-escrow IPO from a newly registered user that encourages people to invest as fast as possible.. It is clearly a scam. The dev is acting like a used car salesman. I mean, look at that graph he just posted and what he said along with it...
April 01, 2014, 09:32:55 PM
As you can see, the latest graph the dev posted and what he is saying practically proves he is trying to scam everybody.
Potential investors, if you do not have good bullshit detection skills then just trust those of us who are warning you about this operation.
If this were not a scam then the dev would not be making such wild promises and claims. If this is a coin experiment the dev would be a little more objective and wait until the results are in. If this was an experiment there would really be no need for an IPO.
No coin developer can guarantee increasing value. They are promising a diet pill. The only way to make a coin work is through adoption. Functionality can help this, but really a coin will not gain in value unless people are putting money into it through use and investment. There is no magic formula that can defy the laws of economics.
The dev throws some big words around, like 'mathematical', but really his description of the algorithm behind this magic coin is empty. There is nothing new here, nothing innovative, and definitely not something that has been proven to work.
Potential investors, if you do not have good bullshit detection skills then just trust those of us who are warning you about this operation.
If this were not a scam then the dev would not be making such wild promises and claims. If this is a coin experiment the dev would be a little more objective and wait until the results are in. If this was an experiment there would really be no need for an IPO.
No coin developer can guarantee increasing value. They are promising a diet pill. The only way to make a coin work is through adoption. Functionality can help this, but really a coin will not gain in value unless people are putting money into it through use and investment. There is no magic formula that can defy the laws of economics.
The dev throws some big words around, like 'mathematical', but really his description of the algorithm behind this magic coin is empty. There is nothing new here, nothing innovative, and definitely not something that has been proven to work.
April 01, 2014, 09:25:48 PM
This graph is done with a stable and low net hashrate, it doesn't include increasing in hash rate that will increase the price even more and quicker.
Oh wow .. you all the credibility you didn't even have. People stay far far away from this shitcoin. AIRcoin had 10x more reasonable terms and people who probably actually knew a bit about finance and it still went straight down the gutter.
April 01, 2014, 09:09:32 PM
up!
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