Topic: Vertcoin holders! almost 20% of your coins were mined in the first 30 hours (Read 4917 times)

VTC was only cpu mineable at that time. Thx for your input. Makes no sense at all what you say.

Yeah it's just as bad as doge and litecoin. I much prefer CPU coin and sha256 coins because they aren't instamined like this

Amazon......... u can save ur image and clone it.
A 32 cpu core server costs around 30 cents as a spot instance it seems atm, select ubuntu as the image or whatever u want, copy paste some commands and clone the instance 10x. Done.

Or you just use a preconfigured image...or u can even publish the image for others.

See this guide for dogecoin for example: http://dogeguide.com/

Yeah, this is kinda like looking back in history and damning people based on modern morals and laws.

Almost all the older coins launched like this back then. Super-controlled, difficulty-retargetted launches hadn't really been thought of too much. They're a product of multiple coin launches every day with thousands of fucking coins overall. Back then, a coin launch was much more rare so pretty much everyone interested was in on it anyway, making it fair at the time.

Vertcoin was no more worse than any other coin..

Have you ever tried to do it yourself?
What cloud service did you use?
How the setup was done?
How long did each step take?

https://bitcointalksearch.org/topic/m.6411018

Nuff said.

PS: You can just clone a cloud instance, takes 5 seconds mr. smart.

It's often, however, normally it's different miners doing the job, not one miner monopolizing all the outcome.

Here is the detailed explanation how Vertcoin's instamine was mined with a hundred of instances launched 38 minutes after the coin went live and how the rewards were consolidated into few accounts. Nobody else could do that setup but devs.

https://bitcointalksearch.org/topic/m.6397907

don't you see that as suspect?

Your reading comprehension is appalling. Peercoin is not a clone. I called out peercoin, mutliple times because you didn't read it the first time, with a suspect start.

http://cryptometer.org/ppcoin_104_week_charts.html

caught my graph bullshit? I guess you are calling out cryptometer.org. Please, by all means, lay out how these graphs are bullshit.

"no less scammy than any other coin". Wow, really encouraging there. ...Everyone else is sort of scammy as well, don't worry about it!

Still love the fact you think I have an ulterior motive. Did you resolve the other parts that "didn't add up" without telling us?

Hi,
It is very often in the coins live that a big part of the coin supply is mined in the first several hours.

his overview only mentioned ONE coin in the topic title...

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Nice overview of all coins, but this does not change anything

translation all coins are questionable excluding the clones of them then.. ya your brilliant smart ass LOLOLOLOLOLOL
in other words popular coins are popular and are then flash mined.. wow who'd thunk it hahhaha

and no it's not "my coin" either i just make sure manipulative lying scammers don't get way with manipulative dishonest bullshit..
further more read your own title you are singling out Vertcoin so don't try and back peddle i caught your graph bullshit and called you on it.

VTC is no more no less scammy than any other coin.
Your cooking up a bunch of propaganda for some ulterior motive and most of us see it very clearly.
AND will call you out on it too

you full of shit.. fact.

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+1

Almost all zero premine coins exhibit this behavior early on. Not sure why OP has to label this to just VTC. Trying to say "no premine" is not any betteer than certain % premine may have been his agenda. LOL..

It's like saying "wine drinkers! The fine wine you drink were first stamped by farmers with their unwashed feet and let to rot" with an agenda of not glorifying fermentation which is a rotting process to look another way

Maybe OP is still in college and learning to answer exam question which involves "stating the obvious" 

Awesome, the threadstarter just found out that the ltc/btc diff retarget algorithm starts with diff 0 and takes 2016 blocks to adjust - this is by the way used by almost ALL coins for the beginning.
Vertcoin was only cpu solomineable, unlike most normal scrypt coins where a single pool gets all the instamine - the first one who opens.
It was all spread to hundreds and thousands of different users.

Everyone had the same chance to mine VTC when it started... get over it. You could buy ten thousands of coins on coinedup for a few bucks, noone took it serious until it was added to cryptsy.

Pump and dump coins? Have you read the thread?

You should probably study some history before making a post like yours and trying to claim VTC is a scam.  You sound like you just started mining literally yesterday and are shocked that any coin in the past launched without KGW, when in fact, they all did.

Only very recently did coins start to launch with KGW at launch time.  Just about every big coin out there launched with normal Litecoin difficulty adjustment, meaning they will all look like the chart you posted, including Litecoin itself.

Where is the shocking revelation in your post supposed to be?  That VTC has the exact same coin distribution as 1000+ other coins?

so I ask for proof and you have an anonymous person that you can't tell me about.

 


Again, your logic is strikingly poor. YOU CAN LOOK AT THE DATA AND SEE IT WAS NOT INSTAMINED. Just because there were less miners then doesn't make it an instamine. That is a genuine early adopter benefit. Nothing shady about it. The entire reason people don't like premines and instamines is the fact that they are designed to make a few people rich. In other words, they are less interested in viable currency and more interested in making money. Bitcoin was designed and mined fairly from square one.

Designing your coin to be mined at an absurdly high rate in the first few days in comparison to the rest of the coins history, like vertcoin, litecoin, primecoin, peercoin, comprises some of its integrity.

If you can't see the difference between these two scenarios, I can't help you.

one, i dont need you to buy my "bullshit". I simply need the public to see your asisine arguments and let them decide. By all means, ignore me. At this point you would probably do your coin a favor by speaking less, you are making this too easy.

two, I already addressed primecoin, peercoin, and litecoin as highly questionable starts. Do you not read? Here is what I said earlier...


I am calling out other coins, I just happen to believe that Vertcoin is more likely to have more people holding instamine coins because of it's young age. I have also urged people to check out more of the coins posted on cryptometer.org and lamented that there isn't more information widely available about a lot of the questionable coins out there.

Third, I am copying these graphs from cryptometer.org. I never claimed to be an expert on graphs. LOL, you just read the graph. Not that difficult. There is more information at the site, including amounts minted and block rewards. Would you like to explain in more depth how this website is comparing apples to oranges? Just alluding to evidence and calling me a "well known asshole with an agenda" is a terrible argument. It's also hilarious because I hold less than 1 btc...I'm just an average joe. I don't mine and I'm not some secret agent out to kill a coin you hold. Your conspiratorial assertion with no evidence makes holocaust denier's blush.

Fourth, the reason why it "doesn't add up" is because I just posted it as I discovered it. I'm not a hit man from any X-11 coin or anything. liekwise, I wasn't posting it to crash the price and scoop up all of the coins. Maybe if you let go of theories that have no basis in reality (see: your instance I haven't talked about Primecoin, for example), it will begin to add up.