Holy shit, this guy is a genius.
He distributes 10B Wecoins (~10% of all coins) to people, while getting around 5k Maxcoins (2BTC) per day from the miners.
You might hate the scam, but you have to admit it's genius.
He distributes 10B Wecoins (~10% of all coins) to people, while getting around 5k Maxcoins (2BTC) per day from the miners.
You might hate the scam, but you have to admit it's genius.
Not that genius since it didn't take us long to figure this scumbag out.
This could honestly be a mutually profitable endeavor. Dev gets 10BTC worth of Maxcoins, we get 10B worth of Wecoins, which might or might not sell for high enough to pay back for the electricity of these 5 days of mining (I'd only need to profit 0.05BTC off this).
Plus, he has enough BTC to pay cryptorush to pick up the coin at launch, AND he has no reason to dump huge premine on the market (since he has none himself and he already made his profit in BTC), which might keep the coin price high enough to pay back the mining time (something maxcoin doesn't offer anymore at current price).
We'll see, but I'm gonna stick with it for 24 hours. Worst case scenario I only break even at 1 satoshi.
Don't forget, there is no actual proof that an actual wecoin exists. And it doesn't exist until the wallets are distributed and the people start mining.
All you have now is a pool that is mining maxcoin and prints some nice stats.
And even if there were a coin with diff equal to maxcoin, who will mine it at such a huge diff and profitability much lower than maxcoin, to keep the coin alive after the first 5 days?
