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Title: indian coin Post by: dotcoin.info on May 12, 2013, 01:33:44 PM is it a scam or shame on us
Title: Re: indian coin Post by: Benson Samuel on May 12, 2013, 01:36:18 PM is it a scam or shame on us its a scam.. Check the original thread. OP has admitted to scamming as well. Title: Re: indian coin Post by: rezurect on May 12, 2013, 01:54:48 PM The guy who created the coin isn't on the Indian subforum, he just used the name "Indian".
People from the main forum might visit the Indian subforum thinking it has something to with it. Hope some Disclaimer is posted as a sticky. Title: Re: indian coin Post by: Benson Samuel on May 12, 2013, 01:58:35 PM Regardless of a disclaimer, we just lost credibility for a desi coin due to this.
May take a lot more innovation before we can actually implement a coin now. Title: Re: indian coin Post by: escrow.ms on May 12, 2013, 02:04:10 PM Desicoin name sounds better.
Title: Re: indian coin Post by: rezurect on May 12, 2013, 02:09:47 PM Yup, "Innovation".
Well guys with good reaserch backgrounds could still make a coin, which can survive the competition, there are lots of alt coins including bitcoins with small and large flaws in them. bitcoin with 10 minute confirmation time is not designed with ecommerce in mind. Current e-commerce systems handle millions of transaction a second without confirmation delay. Bitcoin can handle the million transcation per second rate if scaled. But the 10 minute confirmation delay will remain. Double spend is another problem.The scope for alt coins remain. Bitcoin is just the stepping stone, version 1. I`d like to see a Desi coin worked and backed by at least a few researchers , a whitepaper and a thorough peer review. Any thing less than that might end up a dump. Title: Re: indian coin Post by: Benson Samuel on May 12, 2013, 02:14:24 PM Yup, "Innovation". Well guys with good reaserch backgrounds could still make a coin, which can survive the competition, there are lots of alt coins including bitcoins with small and large flaws in them. bitcoin with 10 minute confirmation time is not designed with ecommerce in mind. Current e-commerce systems handle millions of transaction a second without confirmation delay. Bitcoin can handle the million transcation per second rate if scaled. But the 10 minute confirmation delay will remain. Double spend is another problem.The scope for alt coins remain. Bitcoin is just the stepping stone, version 1. I`d like to see a Desi coin worked and backed by at least a few researchers , a whitepaper and a thorough peer review. Any thing less than that might end up a dump. We need to raise the market cap of BTC in India before we can play with alt currencies. Nilam Doctor had done a study and noted that a minimum of 2mil BTC needs to be in India to make a difference. Title: Re: indian coin Post by: Pinwheel on May 13, 2013, 03:03:04 AM kind of wrong mentality from beginning, China coin India coin, my coin and me and my friends going to control it. Kind of replication of local flat currencies.
Title: Re: indian coin Post by: dishwara on May 13, 2013, 06:06:04 AM china coin, India coin,
Pinwheel you creating these coins? Title: Re: indian coin Post by: Pinwheel on May 13, 2013, 07:45:18 AM china coin, India coin, Pinwheel you creating these coins? YEs seems like there is already two versions of China coin, one is already traded on btc-e and NO I do not creating any coins. Why from system which is global by definition people trying to make regional cut down duplicate versions. No wounder, first question people ask - New coin, is it scam? Title: Re: indian coin Post by: Benson Samuel on May 13, 2013, 07:49:46 AM The best way to fix this would be do build some kind of auto forking tool.
That way, the market will get overflooded with forks and eventually kill itself. The current alt coins apart from ltc, trc and frc are all the same. Title: Re: indian coin Post by: Pinwheel on May 13, 2013, 07:55:15 AM here is CNC
https://btc-e.com/exchange/cnc_btc pool http://ft.lopsd1.com/ it is scrypt so GPU mining, people jumping into new coins because who know what it will cost 6 months later, and mining BTC with GPU is less attractive and obviously will be gone soon. Title: Re: indian coin Post by: tadakaluri on May 28, 2013, 11:54:38 AM Any news on Indian Coin?
Title: Re: indian coin Post by: Eb0la on May 29, 2013, 12:51:50 AM Just traded 1000/500LTC! :D
joking.. no.. it was a poor launch when every little script kiddy was launching coins |