Topic: [XCR] Crypti | Dapps | Sidechains | Dapp Store | OPEN SOURCE | 100% own code | DPoS - page 580. (Read 804702 times)

Indeed, we seen that we are not ensuring a proper distribution in time and decided to push, rather then rush and have possible complications later on.

Just a small correction, there is a team and an initial angel investor, rather then a one-man show developer.

I'm just asking because it was told that this will start 30 of June. So it is delayed yes?

Right - and good scammers will adjust parameters of scams so they can continue to be successful at their craft. Same shit, new package. I have not seen one mildly convincing thing here to show this will ever amount to anything. Why would people invest in something without even knowing what it is? Distribution will be terrible, the devs are taking too big of a cut, and all of that IPO money goes right to the devs. Sure they could spend it on the project out of the kindness of their heart but history has proven time and time again what will really happen. They make a ton of money from the IPO right away, send you some worthless coins, and then keep stringing everybody along until it's listed on MintPal where they make even more money dumping their share on everybody. Then they vanish since it's the Internet and nobody can do anything about it.

Why would they waste a ton of time actually trying to build something great that requires time, dedication, and skill? They can just keep running new scams, make 20 times as much money, and they barely need any skill at all. As long as people are stupid enough to buy into this crap the motivation to actually make something legitimate dwindles even further. Right now, there is a lot more money in scams that legit ventures in the altcoin world because stupid, greedy people continue to support criminals instead of doing research and using their heads.

A bit a personal question if I may, Qora had the same risks, plus the developer is completely anonymous.

So how come you have participated in that IPO (which did over 100 BTC AFAIR)?

Will be announced in the coming days, we are working on the distribution mechanism to ensure a proper functioning on the launch.

So where is the presell, where can we buy?

Try act in Comedy. You're good enough.

These people are idiot Dimitri we gonna fuck them all with our scam project
And then it's caviar, vodka at 10% alcohool and Tatiana's for the rest of our life bro

I agree those are scams. Scam being either the coin never gets distributed, or when it does the dev is never heard from again and there was no source code.

If I Want to scam someone I would do something like:

State 100% of coins go to investors. (see no "premine" I'm legit right?)
Release the source code of the coin on github
Set an ipo with a BTC address and Escrow
Not change the IPO date, why change it if I just plan to run.
The, I simply list myself as an investor that gets a good 20-30% of the coin.

So, "pre-mine" which isn't really even a valid thing to call it with a POS coin, doesn't guarantee a scam. Nor dose Escrow guarantee that it is legit.

All new code from scratch in javascript seems like a lot of work to do to scam someone. He could have just forked next or Bitcoin, or peer-coin etc.

That said, there is much said to wait after an IPO and buy the coins on an exchange after the initial dump period.

A scam is a scheme that seeks to gain unfair financial advantage (cheat) over another. 

For example:

METH (cryptoMeth) was listed on Mintpal 2 weeks ago.  Immediately, millions of coins were dumped on the exchange from one wallet, and now the devs are AWOL. 

Yesterday, jackpot Coin was listed on MintPal.  9 BTC of coin was dumped immediately, dropping the proce from 1000 satoshi to 20 satoshi.  The devs are now AWOL as well.  Turns out the devs had premined 6 times as many coins as the 1% they admitted to. 

STACKCoin had a premine IPO.  He charged BTC to premine for several days before the launch.  Then he extended the premine another  day for more BTC.  Then extended it again for 12 hours.  At launch time, all went dark.  No dev, No mining, no wallets, no BTC.

So if you think that the devs of this coin are going to stick around after it gets listed on a popular exchange, you are smoking funny tobacco.  They will make lots of BTC in the IPO, and another smaller stash in the dump-after-exchange-listing.

I'm curious. What is your definition of scam?

and could you please explain this in english too.

In my opinion the cap should be 300 BTC with a cap of 1 BTC for investors registered before OP date. You will reach the 300 BTC for sure.

15% for devs and development is alrigth.

Not true. Even recently earned money with NEM. Put it something like 0.01 BTC and sold stake for over 2 BTC.

 LOL. I adore GT! More virgins and mortgages, please!

Yeah but it indirectly hurts me as well because it lines the pockets of criminals, takes money out of legitimate cryptocurrencies, and damages altcoins. 99% of new coins are scams and cash grabs - empty promises, premines, lies, and vanishing devs. So by preventing idiots from supporting crime everybody wins. Only one altcoin IPO ever has paid off for investors (the original) and only one PoS-only coin has ever paid off at any given time (Blackcoin - 0% premine and the first in the new PoS-only class). Everyone keeps trying to chase the success of those two but the difference is the copycats are not only copies... but inferior in every way. Huge premines, bullshit "plans" and communities full of idiots.

interesting, and waiting fir update news

Even IF the devs have good intentions.............. well, just remember this song:

MONEY CHANGES EVERYTHING

6) I returned home early and found my wife was banging...