Topic: [PRE-ANN] - Wecoin - Keccak - PUBLIC PREMINED COINS - Join the premine now. (Read 35774 times)

The stupid maxcoin code sent a transaction with 19 billions fee. I will need to fix this manually and relaunch the coin.
This topic is closed for now. More info will be updated soon.
 {
        "account" : "",
        "address" : "wdDNuEiwTCHgm4oBY8hMHkQGtTsH2JM3f9",
        "category" : "send",
        "amount" : -37761136.31114600,
        "fee" : -19915621292.16099548,
        "confirmations" : 3000,
        "blockhash" : "00000000079356898c2ecbc9577ab19d411443c64a0788406ea265b7037d72ee",
        "blockindex" : 3,
        "blocktime" : 1394740812,
        "txid" : "9ff7108ae6be04fbb1831a0d2d3ab28725184543bbdcda73b60533291c39746c",
        "time" : 1394740802,
        "timereceived" : 1394740802
    },

Wherever you are, it's probably not an excellent investment in your future as a free man to make such threats unless you're really certain about your anonymity.

Note to myself to ignore those stupid newbies that post to boost their activity.
But I can't help when they pollute the thread and it appears like updated in my watchlist.

HERE SOME MORE INFORMATION ABOUT THIS VIETNAMESE DOG !

 Tam Vo minh

    Web Developer and Android Developer
    Vietnam | Computer Software

Current:
    Web Developer and Android Developer at Freelance, Student at University of Technology HCMC, Vietnam
Past:
    Intern at KMS Technology
Education:
    University of Technology HCMC, Vietnam


you better say your prayers !
cause im not far away !

+1 there was a picture also showing an unknown pool at 220gh/s mining max, second biggest pool mining max at the time, this guy was dumping for 2 weeks straight

MAX was already very low (0.002 - 0.003) when wecoin premining started. Also it was kind of assumed that the public premine pool couldn't be the actual coin, because then it would have been just a regular launch. It was a way to buy in to the IPO with hash power instead of BTC. At the end of the public premine, shares of the actual coin would be distributed by measuring the number of shares you submitted during the investment period.

People are still mining and getting their coins from 3rd party pools, but I think it's safe to assume that the dev ran with the IPO money and didn't send out shares. I don't think it was a deliberate scam, setting up the premine pool required some work, it had a nice design and required some custom stuff like integrating btc deposits to MPOS and share calculations, the code worked correctly, but for some reason he didn't see it through. Maybe he got pissed off at everyone for calling him a scammer and digging up his personal details. He was already labeled as a scammer so instead of trying to figure out some huge problem it was easier for him to accept the fact that his reputation is already gone and just keep the money.

I don't see any reason why he wouldn't actually launch and give out people the shares, it doesn't cost him anything, and he probably had set up a part of the premine for himself (by creating fake btc deposits, as he didn't post txids of any investments). He could then make even more profit by selling the coins too.

One important thing to notice is, that the actual coin was accidentally launched several days before the public launch when he posted the coin source to github. He said that it can't be mined before he publishes the genesis block and checkpoints, but those were in fact present in the source. He could have changed them before releasing the windows wallet, but he screwed up and released it with the exact same genesis block and checkpoints. At this point, someone else might have mined the first block or he mined it himself in a forked network. This could be the reason he was not sending out the shares since he didn't have anything to send and decided to flee because there was no way for him to fix that or he couldn't handle the humiliation. He could have relaunched the coin in that case, but maybe there was too much bad karma already and people threatening to kill him and his family that he wasn't man enough to clear the situation.

I don't understand what some of the bigger investors were thinking. With the huge coin amount and huge premine, if it got on a BTC exchange even at 0.00000001 btc, the 20 billion premined coins would have been worth 200 BTC. Could any altcoin be worth that at launch? Maybe it's actually good for the coin that the premine has disappeared.  

Lesson to learn here: Investing in these IPO's is always a gamble. This time we all lost. I'm glad I only invested 0.005 BTC (which would have been worth 0.1 - 1 BTC if the price was 1 satoshi on launch, too good to be true is a good warning signal)

hmmm 6 weeks behind and no active connections  

Picking up the pieces of his broken investment life, and getting wiser.

What the hell are you picking and getting?

I am picking up.

I will get it.

I like it

It is impossible to be listed due to the dev has not distribute the premined coin yet.

Still no exchange

JUST STFU if you dont know anything about this person  ,    he lied so many times in a row  trying to keep me and probably the other investors  like a dog on a leash ,     3 days ago the dog says  Please wait. I am checking it for you right away. Stay tuned!

almost a day later : Unexpected issue happened to me! Here is the Win wallet: https://www.dropbox.com/s/pgf222kb86zcjfb/wecoin-qt-1.0.0.1-win.zip


About your issue, could you wait for us until tomorrow? I'm really sorry for that.

and now 3 days later and still nothing  , serious,,,, if you are defending this piece of shit  than you are no better than him !

Before bet, you must know what you are saying,
You are the one who make this coin become a crap,
You have to take a responsible also.
Never say, WE, some people do not same as your thinking,

To DEV

Still many of good guys are cheering up,
(As an evidence more than 100 miners are mining)

Some persons are really upset, and that is normal.

Because of you have void a promise,

You have to understand,

And, some serious freak guys also, just blame and writing even what they are saying,

Please, do not make their clams become true,
 

are you  Serious ? You expect us to be kind about losing our btc , and from all the lie's wich made us invest in this crap ?    I bet you are related 2 this crook  !

I want to say to everybody in here,

Do you think he have an intention ?

Or

From Page #1 ~ so many people make it to the scam

actually, I want to blame the people who just decide as scam and make it as scam.

If he has an intention, surely, we never got an wallet,

Even Updated wallet

At least, he has tried to do something (even it is not you are expected)

If we really want a good coin, we have to give him an encourages,

Just one or two Guys are making so bad mood,
And finally, pushing hime to give up ~

I hate this kind of culture ~

I have lost BTC and time,
If you want to verify, check on Dev's Pool
I feel uncomfortable now,
But, I do not want to Blame DEV,

I want to blame One or Two Guys who making this kind of mood,

It has been done before.