Bitcoin Forum

Step 1
-Make premine untraceable
Exhibit 1: http://coinminer.net:2750/block/0037521dad470386bdbcaa7a3be74e1b16a3a1ea922face19602f2fcfb8d7027

Step 2
-Spread out the wealth so no one knows what you use it for:
Exhibit 1: http://coinminer.net:2750/block/4be58ff1b4db2542426dd4bc85c74d88e1b57f67ae5d1c1dc7d5e98c20095bff
Exhibit 2: http://coinminer.net:2750/block/627c12d7c0580406129671b1531339a9457cd71d921c61ddc14cc0ada2a7986c
Exhibit 3: http://coinminer.net:2750/block/c7f84e7779aecbda3b5c5e3430bfef4512c3e91526d6966ea9e7e8f439e7d0fc
Exhibit 4: http://coinminer.net:2750/block/1f17784c6583823ff4d3233e15ad95d07c9fde86f5ea0e8d68a94043eaa6869d
Exhibit 5: http://coinminer.net:2750/block/2904c6ecd3c2b2e523205db76428af7c0d1fa93d5c1d27982eb183bbbb78aea3
Exhibit 6: http://coinminer.net:2750/block/da2d653eb56ea0f25f041c7c6407f038373350f690c84d22e7fe4607fef451e2

Step 3
-Scam a bunch of people with false promises of the coins being used for development.

Step 4
-Celebrate since no one has any idea what you actually did with the coins.

Must have seemed like a smart plan at the time...

EDIT:
Part 2- After I posted this our artist "picasso" decided to create some more magic:
Exhibit 1: http://coinminer.net:2750/block/87dd35a2f663e1f912074940f6d3707414642e68e57d76f9e743b7faef85ea33
Exhibit 2: http://coinminer.net:2750/block/366e7eb0ac96a661b4b013c833317c2987ba47bb1e2a850540e3d9452493e88f
Exhibit 3: http://coinminer.net:2750/block/1592f823b4dcbbfe23af7fc68092659155715c57583c69f814d822bce5f06567
Exhibit 4: http://coinminer.net:2750/block/fbbb9bcab715c78c7909c1c8d975c0b9ad0531c95780df02a2f9afd53e2aa079
Exhibit 5: http://coinminer.net:2750/block/e7849763b6ad1291ec9c35f27c5523b58cf55acd2384fb159f26de025bbda0f4
Exhibit 6: http://coinminer.net:2750/block/3a477e8724d6ed1ed6f139f5e6d20e4a877dccaadb4a47bf90610519a842ad1e
Exhibit 7: http://coinminer.net:2750/block/4b8e0b8d7af6d16eb5f5977d872dab6ef2525cc0da9e9807fad5a03f3980e27b

It's hardly untraceable, it's right in the bloody source code (https://github.com/emeraldproject/emerald/blob/master/src/main.cpp):

Not the fact that it was mined, we know that. The fact that he is spending so much energy trying to hide the location of the coins so no one can directly trace what he uses it for.

There is no intention of using the coins for any purpose other than dumping it on everyone. There is no other reason to need to hide and move around the coins.

Ah, well that block explorer is down so I have no way of seeing that.

Should be available now for your viewing pleasure. :D

Thanks for the guide!

You're welcome!

There's no other possible reason there would be premine 400,000 coins. It's in his FP on the ANN thread. Who cares how he "hides" them, if he discloses that he has them we all know what for. These pointless alt-coins with zero innovation and huge bounties for the dev, followed by threads with OH NOES SCAMMERZ! are both retarded.

Guide update : After I posted it, he tried his genius moves again!

Part 2:

Exhibit 1: http://coinminer.net:2750/block/87dd35a2f663e1f912074940f6d3707414642e68e57d76f9e743b7faef85ea33
Exhibit 2: http://coinminer.net:2750/block/366e7eb0ac96a661b4b013c833317c2987ba47bb1e2a850540e3d9452493e88f
Exhibit 3: http://coinminer.net:2750/block/1592f823b4dcbbfe23af7fc68092659155715c57583c69f814d822bce5f06567
Exhibit 4: http://coinminer.net:2750/block/fbbb9bcab715c78c7909c1c8d975c0b9ad0531c95780df02a2f9afd53e2aa079
Exhibit 5: http://coinminer.net:2750/block/e7849763b6ad1291ec9c35f27c5523b58cf55acd2384fb159f26de025bbda0f4
Exhibit 6: http://coinminer.net:2750/block/3a477e8724d6ed1ed6f139f5e6d20e4a877dccaadb4a47bf90610519a842ad1e
Exhibit 7: http://coinminer.net:2750/block/4b8e0b8d7af6d16eb5f5977d872dab6ef2525cc0da9e9807fad5a03f3980e27b


GSnak, there is a big difference between actually using for bounties and just cheating like this guy.

what a fucking idiot

lol, it is clearly stated in the first post, you are blind? You are a thief, stealing from the Luckycoin code by removing the LKY copyright info there, shame!!

What's the cheat?


The people who made accounts yesterday don't believe that.

fixed

Too much..

in reptilians foult

Busted  ;D

hey why isn't my address in there :( maybe they should transfer a LARGE amount into this one EvhXG1px4eGFmRibhQQFuLB4zgopSm282v  :o

Are you jealous?

I'm so extremely jealous. There's so much envy that I'm melting. Actually I've already melted. Sundae!

You just go outside, take a breath and stop making that kind of thread :)

Nooo, you haven't heard that if you bash other coins your one will be accepted by Google and Facebook next week?

Where have you been?

Copy pasting block explorer proofs of suspicious behaviour is now attacking a coin?

I don't believe so. Every coin should be investigated like this and the results should be publicly known.

+1

This is my expectation of EVERY premined or instamined coin.

uh oh, that'd implicate ARG and SBC and a bunch of others that so many people in this thread are likely involved in!  :-X

I wonder what will happen to those altcoins in the end? Will all the scam accusations, or other problems go away with time? Will their owners abandon them as soon as it's profitable enough? Is the majority of people investing in those informed enough?

Yeah, it's attacking the coin, specially when it comes from a guy who is competition ans preminer himself.

But you being shill with stakes at ARG and defending the assholness of it's creator is nothing strange, you're asshole just like he is and are proving that day by day. Should be clear to me when you teamed with biggest asshole of all of them, hazard..

Luckily for you, I have respect for myself and others and don't sound like a prostitute that just finished serving a group of 20 every other post.

Yeah, I know that's painting with a pretty wide brush and any implication isn't my intention.  When I'm deciding where to spend my money, time, and/or hashing power, trust is important.  I'm not saying I can't trust the devs behind SBC or ARG or any other alt, but I don't know yet for a fact that I can, and there's a big difference in the two approaches.  Maybe the premined coins are really being used for what is stated, but I'm not going to consider that lightly and others shouldn't either.  I've seen coins with premines stated only after someone in the thread discovered them, and others with a premine of 1 Mil or more for "bounties" and then 50k worth of bounties are posted.

A lot of people here probably weren't around for the pirateat40 debacle last year, but I watched a lot of people get scammed out of a LOT of BTC.  Thankfully I wasn't one of them, because you could see what he was doing a mile away if you wiped the $s out of your eyes for just a few seconds.  Trust.

One thing I find very interesting is that DGC, which currently has the highest hashrate of any scrypt coin other than LTC, there was no premine the coin was implemented in a way to strongly reduce the ability to instamine it as well.

That, my friend, is the big question.


Anyone who promises a % return daily without requiring you to do anything but invest is a Ponzi Scammer.

If anyone still falls for that kind of scam, then I'm sorry but I don't know what to tell you.

There's nothing as free money in this zero-sum game. Someone will have to lose out.

Agreed completely, its all about trust.  I find non-dev's defending large pre-mines on 'their coin' almost as amusing as those bashing pre-mines on another coin.  Just because you hold coin-X doesn't make its pre-mine any more valid than coin-Y, your just hoping it is so your mined investment turns into something useful.  A little critical thinking weeds out both groups.  As I said in another thread about coinchoose, people just need to take a few minutes and decide for themselves, instead of hopping on Coin-A because some website told them to.  Those running around bashing pre-mines or defending them, are only doing it for their own self interest anyways (99% of the time).

why are you all worried? instead of complaining, just ignore coins with premine and go for the ones that are fair and transparent, Noirbits has been out for just over a week with no premine and no scandals. In the end it's you miners that mine the crap coins that support them to exchange then get left with low value holdings when a dev dumps his premine. Join the new movement of fair launches with no premine. Mine Noirbits.

Except for that little issue where the people you gave the source to early to compile binaries didn't release the binaries and instamined the shit out of it.

lol I bet 70% of ppl on here don't know how to compile the source code.

It was pretty much instamined by a small group of people.