Topic: Thoughts on Max Keiser's coin (Maxcoin) - page 4. (Read 15338 times)

3rd now. somehow Chinese is buying like no tomr, they watch Max Kaiser show 2?

here is proof that SHA-3 ASICS have already been designed.

http://rijndael.ece.vt.edu/schaum/papers/2012micpro.pdf

MAXCOIN is not ASIC proof nor even ASIC resistant.

as time goes on we will see more and more ASICs like this one that have the ability to hash multiple algorithms...

it really is just a matter of time before some entrepreneur (probably in china) decides to tweak a design like this and mass produce it to mine for their own profit.

and the value of MAX going up only speeds up that process..

Maxcoin is now 4th most traded coin by volume http://coinmarketcap.com/volume.html#max

what a pity. some one only predict and verdict but miss the train.

its probably a fontas fake pump...

http://coinmarketcap.com/volume.html#max

Seems legit, lol! 

1      hattifattener 369,252,655  KH/s       14,800.618     MAX/ Day
2      anonymous   315,193,333            12,633.778   
3      mhashman   284,956,764            11,421.817   
4      AK0490   251,971,415            10,099.677   
5      kasetamojezy 233,646,221            9,365.155   
6      lachire   223,567,364            8,961.168   
7      lvz08   217,153,546                    8,704.085   
8      hydra   187,833,236                    7,528.850   
9      jv   175,005,601                    7,014.685   
10      RandomQ   169,508,043            6,794.328   
11      anonymous   164,010,484            6,573.972   
12      theNoss   149,350,329            5,986.354   
13      shopua123   128,276,357            5,141.654   
14      mavend_mine   127,360,097   5,104.928   
15      sinhoyin   122,778,798           4,921.297   

for once, they laugh us all the way to the bank. whatever, I admit I only play COD on xbox, my AMDs are all for some wrong purpose. I never bothered to compare the shader performance between Nvidia and Radeon before I purchase the cards. So what? that is just one day. this thing got gravity well in it from first day, so no one can take too much advantage anyway.

Maxcoin has turned into a joke. It is the new study case for how not to launch a coin. I was literally laughing out loud during the launch and am not surprised in the least at the sudden drop in price. Really this coin is like a cancer to me and needs to be cut out of history.

mazuma is not me. I just took kids to bed.

let us keep our discussion. If you put your emotion aside, look at this fucking mess-up thing remotely, from far far away.

other coins hit exchange, a long list of asks, a few 10s of bids, dump happened in a matter of hours. This thing hit mcxnow, opened at a rigiculously high price, for 3 whole days, thousands of btcs dump every day. it is still one most profitable coin now. consider how big is the daily volume in cryptsy? probably mid thousands of btcs, still due to large doge volumes. this thing survive three days dump like that? I say wow.

and how bad is this dump anyway? in the first 24 hours, around 150,000 coins came out, my 8 core FX8350 only gave me 3 coins. 32 core droplet will get at most 100 coins. most coins were in NVidia gamer's hands. how many NVidia miners are there in bitcointalk? not a lot. the coin was very concentrated in a few hands. now they took huge profit and leave. the coin is more distributed.

I am not saying this coin will have a future. no coin has made so far like doge did. that is my other wow, for an hyper-inflationary and print-to-obilivion coin. but if someone say this coin is dying, I feel there is no logic rationale behind it.

agreed with eddilicous. Ok soo bcx just leave the scene of max coins. And when it does die come back again and tell us all " I told you so". Until then your bitching is ridiculous.

BCX, I think you are putting too much personal bias into logic thinking,

1. 51 attack. lots of scrypt coins have this issue right now , because their constant falling price, less and less pool available. the biggest 51 attack issue is bitcoin, I moved from the guild to ghash long ago, never went back. I don't even setup backup pool, just let it idle waiting for ghash to go back online. I admit that is the biggest threat to the community, because bitcoin is like reserve currency of crypto. maxcoin is less than 1 week into the game, 51 attack really does not matter. if someone write a better cgminer, he will immediately take over a large trunk of hashrate.

2. price crash. The coin does not go away because price, as long as it is profitable to miners, someone will maintain the blockchain, and the coin will survive. talk about price crash, bitcoin is right in the middle of the (xx)th price crash now.

3. the initial pump and dump. Does that not happen to all coin launches? It is not even pump and dump. when coin is launched, there are very few supplies, but lots of marketings and anxieties are built up. Through the initial low difficulty period, miners created huge supply which overwhelmed the initial demand. the price always fall. the same happened to doge.

Kudos to all who sold in first 2-3 days. Nicely done!

https://twitter.com/maxkeiser/status/433666097464631296

God knows why but I decided to invest at 0.00163000

Luckily it was only a tiny amount: 0.1BTC

@BCX while I agree with most of what you say.. the devs and MAX cant have made much from this coin at all.. at most they had about a day of mining before the big players moved in and shot the difficulty so high that it would made their Hashing power insignificant... how do I know? because it made my hashing power insignificant in that short time span... that's for sure.


lets assume that ALL The devs could mine for a full day and get 276480 MAX Coins..
lets assume that they sold half of those coins at market for an average of 0.01 BTC
so they end up with 1382 BTC or 960,000 USD for launching the COIN..

probably half of that went to MAX for promoters fees..

so max Gets about $500,000 worth of coins for tying his name and reputation to a coin which could ruin his career...

these assumptions are for a BEST CASE scenario, they probably got much lower than that...

and while they seem like fairly large numbers.. they are NOTHING compared to what MAX is actually worth...and a mere fraction of a percent of the overall coin supply...

lets hope for the sake of all stake holders that max and his team can deliver more software to make the coin more accessible. if not they lose just as much as the miners do..

Max Kaiser could easily suffer more than 500,000 worth of damage to his reputation if this coin fails.. and he may even face jail time for some of the claims he has made if they cant deliver...


just on a side note.. MAX and his team claimed that the coin would have a market cap of $20 Million in a couple of months... for that to happen the MAX price would have to stabilize around 0.0017 or double what it is today... lets see them try LOLZ

@BitcoinEXpress

There's big diversification atm into several other pools.

@superresistant

Relax, not many will click your stupid links. You're just trolling here cos you want extra hits.

You are dumb is you click every banner you see. I don't care what is written on this banner but I get money from it, that's what matter.
You are loosing time and money with this coin.