Topic: [Scam Warning] [ANN] [BFC] Butterflycoin SHA-256 power for ButterflyLabs miners (Read 8505 times)
December 15, 2013, 09:49:52 AM
BFC is again trading in https://coinex.pw/trade/bfc_btc
November 04, 2013, 02:07:07 PM
[...]
Some Specs:
SHA-256 based
30 sec block targets
Re-target every 2 blocks
POW / POS
30 coins per block
7 billion total coins (one for each human currently alive at time of release)
Fair release
Some Specs:
SHA-256 based
30 sec block targets
Re-target every 2 blocks
POW / POS
30 coins per block
7 billion total coins (one for each human currently alive at time of release)
Fair release
Although this is considered a Scam (and I concur with that impression) I try to derive something useful from this thread. Maybe a little bit of technical background information on how PoS might be able to work?
Can you please explain how PoS works at Butterflycoin? I mean, the leading PoW/PoS crypto coin (and btw. the first one that implemented a working PoS mechanism!) doesn't have a hard cap. A reward for putting the coins at stake incentivizes the miners to secure the network by generating PoS blocks.
How does Butterflycoin achieve this? Or what happens if the 7 billion cap is reached after roughly 222 years (if my math is correct). Is Butterflycoin the at the end by then (I know it is some time until then, but it looks like broken by design)?
Or should I be less formal and just say:
Would be nice to find this at Butterflycoin.
All who doubt finding it there might consider Peercoin
November 04, 2013, 01:32:55 PM
wow selling premine and saying its a fair release, just wow
November 04, 2013, 12:38:49 PM
Hey guys, how can I solo mine this with linux???
configs/url... help anyone?
configs/url... help anyone?
November 01, 2013, 09:20:02 AM
I think it had been fixed ......now I am mining without any problem....
November 01, 2013, 07:32:37 AM
Is this coin been fixed...................the difficulty is 100..................
September 18, 2013, 05:40:56 AM
I tried solo mining this coin with my CPU and found a block in one day. This Jerry guy is quite a character btw. You should definitely watch some of his videos. I love them 
September 08, 2013, 03:28:26 PM
Well, you don't have to if you don't want to.
I personally don't cuz I don't have any ASIC gear and my GPUs are all pointed to LTC.
You can check out his video regarding his coin, if your "question" is genuine that is.
http://www.youtube.com/watch?v=KYnpKkQoJXA
I personally don't cuz I don't have any ASIC gear and my GPUs are all pointed to LTC.
You can check out his video regarding his coin, if your "question" is genuine that is.
http://www.youtube.com/watch?v=KYnpKkQoJXA
September 03, 2013, 11:09:47 PM
real question is why would you ever entertain mining this coin that is modified from the original that is "made up" by some dude named jerry?
why?
why?
August 31, 2013, 12:23:13 AM
I've been following Jerry (aka: DakotaEllington) on his youtube channel for a long time. One of the reasons for creating this coin was to provide additional SHA-256 coins to mine for people who's USB Eruptors and Jalapenos are becoming obsolete in the coming few months.
Anyways, the OP of this thread is not Jerry. He's been alerted by other forum members on cryptocointalk.com
https://cryptocointalk.com/topic/1092-pre-ann-butterflycoin-bfc-pre-announcement/?p=5505
Jerry is a genuine/honest person and will never try to pull this "send donations for password" BS. His videos speak for themselves.
Also, Jerry is is from Alabama and as far as I know he does not speak German. If you check the OP's previous posts you will know what I'm talking about.
Anyways, the OP of this thread is not Jerry. He's been alerted by other forum members on cryptocointalk.com
https://cryptocointalk.com/topic/1092-pre-ann-butterflycoin-bfc-pre-announcement/?p=5505
Jerry is a genuine/honest person and will never try to pull this "send donations for password" BS. His videos speak for themselves.
Also, Jerry is is from Alabama and as far as I know he does not speak German. If you check the OP's previous posts you will know what I'm talking about.
August 30, 2013, 06:01:55 PM
Crazy, went from being a innocent newbie just getting into Bitcoin wanting a donation to masterminding his own scheme to scam Bitcoins all in the space of 3 day.
August 30, 2013, 05:53:00 PM
August 30, 2013, 04:55:26 PM
I don't understand why you can't censor his BTC addy and lock this thread.
I mean the scam is pretty obvious here.
I mean the scam is pretty obvious here.
Yep, I can warn people and help bring scams to attention, however I don't necessarily have the right to use my opinion towards applying a permanent answer to his thread aka locking it or editing it.
For all we know, the whole operation could not be a scam, and just horribly worded and executed. If I lock the thread and such, the OP would have no opportunity to explain, if we were all mistaken, or rectify if we aren't. If people decide to send the guy Bitcoins without reading the 2 pages of scam accusations, and the warning tag, its on them, but everyone that has posted in the thread has done their part in neutralizing a potential scam.
August 30, 2013, 04:36:00 PM
If you look up the address in the block explorer, you see 2 greedy retards, who actually sent BTC
Whats sad is, when I posted a few hours ago, there was only one.
I don't understand why you can't censor his BTC addy and lock this thread.
I mean the scam is pretty obvious here.
August 30, 2013, 04:26:38 PM
If you look up the address in the block explorer, you see 2 greedy retards, who actually sent BTC
Whats sad is, when I posted a few hours ago, there was only one.
August 30, 2013, 04:19:25 PM
There's a market on https://coinex.pw/
The only problem is that there's some bug in the pool : i was mining and my budget was about 50 BFC, now is 0, don't know why
The only problem is that there's some bug in the pool : i was mining and my budget was about 50 BFC, now is 0, don't know why
August 30, 2013, 04:18:24 PM
If you look up the address in the block explorer, you see 2 greedy retards, who actually sent BTC
August 30, 2013, 04:13:33 PM
this coin is getting some hash rate and price is real decent
August 30, 2013, 01:32:10 PM
You guys noticed he said "today is Monday" right, well it's actually Friday.
This is a copy-paste from cryptocointalk to scam a couple bitcents.
https://cryptocointalk.com/topic/1092-pre-ann-butterflycoin-bfc-pre-announcement/
This is a copy-paste from cryptocointalk to scam a couple bitcents.
https://cryptocointalk.com/topic/1092-pre-ann-butterflycoin-bfc-pre-announcement/
Good eye man. Total copy paste.
SCAM!
August 30, 2013, 01:29:09 PM
I applied the Scam Warning, not based on the coin itself, but because I do not believe that it is the OP's coin to release. It seems to be a bad copy and paste from its original release here https://cryptocointalk.com/topic/1092-pre-ann-butterflycoin-bfc-pre-announcement/ with the additional fee to premine, which is not an option in the real thread.
Thank you Sampey for finding the original coin announcement thread.
Thank you Sampey for finding the original coin announcement thread.
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