Author

Topic: What would have been if.....? (Read 1367 times)

full member
Activity: 288
Merit: 102
Yin Yang religion of wisdom, harmony
March 18, 2015, 02:48:55 PM
#11
Well the scammers try to make a dash for it and call it now TrashyDash






hero member
Activity: 723
Merit: 503
March 16, 2015, 11:24:04 AM
#10
no money in altcoins, everyone is scamming
sr. member
Activity: 369
Merit: 250
legendary
Activity: 2548
Merit: 1054
CPU Web Mining 🕸️ on webmining.io
March 15, 2015, 04:03:10 PM
#8
Darkcoin:

Stopped reading here
PoS
full member
Activity: 223
Merit: 101
If you can be anything, be kind and fair
March 15, 2015, 12:22:43 PM
#7
Does that mean the coin is 51% compromised in a social kind of way?
I have no idea, but it shows the character of people involved with it.
full member
Activity: 288
Merit: 102
Yin Yang religion of wisdom, harmony
March 14, 2015, 02:59:16 PM
#6
So much potential but it got wasted in such a shamefaced way
full member
Activity: 227
Merit: 103
Have faith.
March 11, 2015, 10:51:47 AM
#5
Does that mean the coin is 51% compromised in a social kind of way?
sr. member
Activity: 448
Merit: 250
March 07, 2015, 08:24:26 AM
#4
.
hero member
Activity: 812
Merit: 1000
March 07, 2015, 06:26:45 AM
#3
Well, I can understand how you see it that way... I wouldnt say it is that bad but I guess it's not in the greatest shape...
legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
March 07, 2015, 06:20:21 AM
#2
That does sound pretty weaselly.
PoS
full member
Activity: 223
Merit: 101
If you can be anything, be kind and fair
March 07, 2015, 06:16:26 AM
#1
Darkcoin:  The only thing done professionally is the scamming. The code is like bits and pieces hanging about full of bugs and holes and patched up after kind members of the crypto world point them out. It had more forks than anyone cares to count. The appropriate name would be Forkcoin.
The question remains is the dev simply is not capable of, or if it is done on purpose, personally i say the later just looking at facts.

So the coin launches and straight away problems, why, incompetence or a deliberate scam?
Well there is a relaunch so the hoard of keen miners of newly launched coins who looked forward to the launch turn there miners back to whatever coin they where mining. Some time later relaunch, more problems and announcement of relaunch in couple of days. By this time even the last miner gave up and could see no value if the dev is not even capable to launch a copy and paste coin.
Then having the mining world to himself as the original miners now sleep, bang, launch much earlier then announced at 4AM on Sunday. Straight away 50 nodes are fired up with the reward 500 coins no hard limit then changed to 84m and miner receives 100% of coins and no pesky masternodes to pay. (Soon the miner receives 40% of 4 coins reward)
Keeping a partial section of the coin closed source made sure not to many miners would join in this struggling xcoin thing with its doggy record and so many different coins available to mine at that time.
It is well documented that large amounts of coins changed hands back then it is equally well know that dev was a active buyer of large sums of coins. Spending a few thousand was no big deal as money was no object for dev and knowing full well that the bigger his stash of coins the bigger the interest payment for ever.
So the big reward mining coming to an end what was needed next was some interest in his coin. How you get that, well you sign up to the crock mintpal exchange and negotiate a flat fee and then buy and sell, back and forth your own coins. Soon the is volume sky high at little cost. Damn that must be a good thing little Willy thinks i better buy a bag full, its only $xx.
Dev always had more than 50% of coins, to this day and the nature of the coin means his percentage can only get bigger over time. Selling? Why would he have sold a single coin at any stage knowing he can get free coins forever with every 1k bundle he holds and only dumps some coins coming of his earnings from the scam masternodes.
From no max coins to 21m limit cap and 0% to 60% for masternodes and the caravan ventures on and enters the next town.
Windows wallets, yeh the pesky things everyone uses es-special the hobby miners, a well screw them let them buy the free generated coins later.
Quote
drillbaby:   windows version, both wallet and daemon - won't sync
eduffield:   Awesome!

Is it simply a string of unfortunate events and incompetence or a scam from the word go, you judge.

On his last stop in town he had this to say

Sorry about the accidental self-moderated threat.
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