Bitcoin Forum

Like many of the users here, I was frustrated by the messy launch, the fact that getting your hands on a windows client, mining info and such was close to impossible for those less tech savvy, who are not Linux users.

In retrospect, though, would it be a bad thing for Max&co to have gotten their hands on some coins by making day 1 mining less accessible to the average user? I think any holders would agree that Max could do much better job as a promoter if he had some skin in the game.

The coin itself, while it doesn't feature ground breaking innovations, it does have an ASIC proof Keccak (SHA-3) mining algorithm, which is way more than what most of the alt coins have. Most alt coins use either Litecoin based Scrypt or SHA-256.


Devs had this to say about the launch:

 http://www.reddit.com/r/maxcoinproject/comments/1xgo7a/the_launch_wasnt_for_crypto_cry_babies_cowboy_up/cfbany3




 I see a few things going for this coin:

1. SHA-3 mining algo, which is not the standard SHA-2 or Scrypt.

2. Max Keiser behind the coin as big media personality.

3. Max Keiser's financial expertize, knowledge of cryptos and filthy rich friends that can jump in the bandwagon.

4. Since Max Keiser is also an investor in Bitcoin businesses like Bitpay, he will financially support the project to increase adoption and create the infrastructure.

5. Efficient mining with Nvidia cards.

6. The coin has inbuilt algorithm changing so if someone was to build an ASIC the devs would simply change the algorithm and they would be rendered useless. Posted by the Maxcoin devs http://www.reddit.com/r/maxcoinproject/comments/1xh1xl/the_maxcoin_advantage/cfba4hy

Coins like Megacoin and many others among top 20 by market cap don't have any of these advantages. Maxcoin has big upside from these levels.

Here are some links in case you have no idea of what I'm talking about:

Website:
http://signup.maxcoin.co.uk

Reliable exchanges:
https://bter.com/trade/max_btc
https://mcxnow.com/exchange/MAX
https://www.cryptsy.com/markets/view/152

Coindesk article
http://www.coindesk.com/max-keiser-altcoin-maxcoin-makes-debut/

Twitter
https://twitter.com/maxcoinproject

Bitcointalk thread
https://bitcointalk.org/index.php?topic=438150.0;topicseen

I personally believe the launch and coin were appalling. The value is now dropping so fast that the Devs and mk got their wish to create a perfect example of a pump and dump coin with no innovations.

Kudos to those that made money on it but for the majority, the frustrations of a messy and appalling launch made this coin all but impossible to mine. Added to that it was supposed to be CPU only and 30 mins before it's final launch cudaminer comes along giving some users unheard of hash rates with nvidia cards, the whole thing should serve as an example of everything that's wrong with crypto and the fact that greed and making a quick buck reigns supreme.

Anyways, that's my opinion on it and I doubt I will be agreed with :)

I believe the devs asked users if to add or not gpu mining. Many users made the case GPU mining would be more fair cos otherwise tech savvy hackers using botnets could unfairly get the upper hand.

I agree completely.

Mine a good coin like prospercoin then :)

After a rollout only matched by Obamacare, I refuse to mine, accept or invest in this coin... let it die.

The price drop is so fast, it is a really, really bad sign for the coin (especially for a coin with tons of miners and high difficulty).

The start was awful, I don't want to touch that coin after all troubles.

Well first launches are often messy. Things are pretty stable now, though. There are working windows clients, several mining pools and 3 exchanges or more that listed the coin.

The higher the price goes up, the bigger the price crash it's going to be. There are going to be some very angry buyers in the next few weeks. That is my prediction. It just takes one of these big early miners to dump all their coins and you will see some epic price crashing.

The launch was a disaster. Too few people profited from it early on, so the coin distribution is terrible. If they hadn't screwed this coin up so much it would be nicely distributed, but as it stands there are people with hundreds of Maxcoins and given the current pricing they could crash the market at a whim.

It doesn't matter how well it gets from here on out. The launch has created some very big coin holders who hold a great level of influence over the value of the Maxcoins in your pocket. You've been warned.

I understand launches are messy, but they had how long to release the coin and then they don't release it with a win-QT or a compiled EXE miner? Seriously? .. and then they promise to give instructions on how to mine without these things... release the rar password and then 30 minutes later give partial instructions?

Maybe so, but keep in mind Max promoted the shit out of Bitcoin and got onboard many big name Bitcoin investors. Max is also shareholder in Bitpay and other important Bitcoin businesses.

I can easily see MaxCoin being more popular than stuff like Doge, Feathercoin and so on, that don't have such big brand and name behind.

Maxcoin is the ENRON of cryptocurrency.

Keiser is a perp.

If that's the case, then I'll buy in after the market crashes. If it doesn't crash, then I will miss out, but at the same time, if it does, I'd lose a hell of a lot. Too risky for me.

Now some people are still angry and understandably so. I was also angered by the launch.

Once dust settles, though, and rage subsides, I can see this coin overtaking stuff like Doge, Feathercoin, Next and so on.

I think it already crashed from 0.04-0.03 to 0.004. It's now stable around 0.004-0.005.

A relatively small crash, considering I'm willing to bet there are still some big Maxcoin holders right now. I'll wait until it hits a few more exchanges and see what happens.

Was just checking the MaxCoin reddit and there are 2 channels there

http://www.reddit.com/r/maxcoinproject/
http://www.reddit.com/r/maxcoin

These two combined have 700 subscribers already.

Also, MaxCoin http://imgur.com/3K21aoR getting close to the 24h daily volume of Doge.

Yes, the activity for the coin is truly astonishing, but where people see amazing success, I see a bubble. You've got to ask what's sustaining this coin right now, and personally I think the majority of it is hype. I can sense it in the air. That buzz of excitement that Maxcoin could be the next big thing. It's barely been a couple of days. That raises red flags to me. I will assess the situation in a few weeks. As of right now I can't trust any evaluation of this coin.

Real investors think with their heads, not with their emotions. There is a lot of emotion around right now, and that always worries me.

First launches? There's been hundreds of launches so far, probably this "dev team" hasn't been in any judging from how they handled their "fair for everyone" launch.

These idiots kept hundreds of people awake 2 nights waiting for it and then finally when they released their shit only the few linux users were able to mine it.

What flags lol. Of course that by having Max behind it, this coin's upside potential is huge versus coins without much promotional value. Fact that it's also ASIC proof for now, while Scrypt ASICs are almost here, is an added bonus.

Yeah, I hear you. I've said same thing, but thing is once dust settles, lots of people will be jumping onboard.

yea it went up 20% during his show today

Haha. How many of our "real investors" bought into Doge because of emotions? At least MaxCoin has this special Keccak (SHA-3) mining algorithm, which is ASIC proof. It stands out with that, the very least.

There's only one way to go from here, and that's a steady (maybe slow, but steady) decline down to 0.0005 and then even lower when people get tired of max's and stacy's constant full of hot air tweets and hype.

Maxcoin was the worst scam and unprofessional release I ever seen. Even a coingen coin got more respect than Maxcoin.

1. Not even a freaking wallet at launch?

2. No pools work?

3. Instamine?

4. Totally fail,  hope it dies and not being worth 0.00000000001 cent

ASIC proof? You can mine this at 100mhash/sec on a GTX 670. It's not ASIC proof at all. People have already shown that keccak algorithm can be exploited by parallelisation. It's Scrypt asic proof, not Keccak ASIC proof.

Sounds more like wishful thinking.

You and me both know that won't happen and that only way for this coin is up for the foreseeable future.

Strangely  a lot of coins are launched without problems. Now the problem is not in launch being unfair, because of not being able to get wallets or miners working duo to 2 high traffic that the infrastructure couldnt handle like the day launch was postponed. But because of incompetence of devs.

OK you have to ask yourself if incompetence of devs was deliberate or not in order for them to mine coins at start and gain nice amount of money.
Now if your answer is Yes, the question is why should you support such a corrupted coin?
If you answer is No, why should you support and believe in a coin that has incompetent devs.

1 thing that also shows incompetence of devs is the fact that they should have anticipated the traffic they got the first time and they had to postpone the launch. Not to mention the fact that they postponed it because bitcountalk forum couldnt handle the traffic and the launch wouldnt be fair. Now there was twitter, facebook, their page and shitload of servers where they could have putted the files to for people to download.
Heck i wonder if dev team ever heared of torrents?
And what is worse is they werent prepared even 1 day later. Max was also speaking about toturials.... i didnt see any toturials did you ?

Now we could say Max pretty much lost all of it credibility. Well did he have any credibility at all in first place?
Correct me if i am wrong, but when people were explaining about crypto it was how about banks are bad, how they want decentralised money etc.
And then some financial advisor starts praising crypto and every1 goes crazy like girls when you mention Bieber. Forgeting financial advisors are also a part of problem why our economy is sh1t.

Dont be mistaken Max is here to earn money, he isnt doing this because hes a tooth fairy. Now when Max says "insert random name" coin is awesome it means i already invested into this coin and you should pump it, so i can dump and make shitload of money while some of you will lose it.

Now same thing goes for Ultra coin which had an unfair launch and definitely dev team made a nice amount of money even prior to launching it and after it.
All in all there are coins that deserve to have the hashes and attention Utc and Max coin are getting far more, yet they struggle to survive.
I do see that with scrypt Asics both of this coins might get on popularity despite they deserve to be forgotten. But its just shows how crypto community have become rotten.

Now i am not saying this is stupid, actually you are smart if you made nice money from this coins.
But its shows how much are people ready to tolerate for the sake of earning some money, but in terms it drops a very bad light on crypto currencys and it might be that people are doing themselves a bear favor for some fast easy money.

This is a zero sum game and while devs made nice money on an unfair launch it means people had to lose money. The worst part is they can get away for doing it easily and with time they might be even praised what an awesome coin they made.

Now go ahead and flame me how i dare to say such things while your bag holding for max coin or utc.

There are Scrypt Asics coming out soon. Did you hear about those? Even Charlie Lee said they are close to entering the market.

On the other hand no one designed an Keccak asic yet and there are none in the pipeline.

True words from a completely non-biased Maxcoin holder.  ;)

Seriously though, I hope the coin does really well for you, but I would be out of my mind to invest in this right now. It's all hype. Hype is what's pushing this coin up, and hype can go in either direction.

Yeah, Dogecoin has emotion behind it too, but now it also has serious investors, which is what's kept the price high. What's keeping the price high in Maxcoin is the combined belief of all the people who are currently buying it, holding it, mining it and who have bought it.

You can't seriously compare this to Dogecoin. Dogecoin didn't reach this kind of market cap in just two days. To think this level is sustainable, or to even say it is without a hint of irony is misleadling.

Actually many of the pools were DDOSed by greedy miners, which caused problems.

Yeah, I know about the Scrypt ASICS. I was just pointing out that the term ASIC-proof in this case is a misnomer. Maxcoin is ASIC Resistant.

Be sure Maxcoin will get some famous names behind it. Just look at the caliber of the guests joining his show.

We'll probably see him on Alex Jones show talking about Maxcoin lol. Alex Jones already "accused" him few times over of being the guy who invented Bitcoin.

Well, yeah "Resistant" is the right word I guess, but has an edge over other standard Scrypt based or Sha-256 cryptos.

There are numerous coins with better tech, better launches, better distribution, better teams behind them - and now this Max comes along like a Champion with clueless devs and corrupted launch and thinks his coin is worth more than these all better coins just because he decides to say so. And the whole crypto scene is on their knees praising their new lord just because he's been on TV. The collective greed and stupidity is just amazing.

What would happen for arguments sake if Richard Branson or Bill Gates released an altcoin?

You see my point.

Doesnt matter if they were or not, if they saw the forum got ddosed they should had known and prepared if they wanted a "FAIR" launch. NOTHING were fair. "Oh here you go compile your own miner and wallet because we dont know how to do it as we are the devs, DERP"

Summary: Maxcoin: EPIC FAIL 2014.

I see this frustration and it's just 1 day rage that will subside in few days. Things are already working smoothly.

well if this was from a random guy instead of max keiser no one would mine this total shit.

"If "ifs" and "buts" were candy and nuts, wouldn't it be a Merry Christmas?"

...so no point talking about "what ifs". Reality is this coin will have huge promotion behind it for months to come.

But do you agree or not? I'm not saying agreeing and still wanting to play along the herds hoping to make a buck isn't perfectly fine.

Sure there are. Mastercoin is one of them for example.

But thing is, promotion is very important, more so than people think. Do you think Brangelina are such good actors? They're not. There are at least a thousand actors out there in several countries who can school both Brad Pitt and Angelina on all things that involve acting but due to the huge promotion they've both been the "victims" of, they are selling movies like hotcakes.

You can have best act in town if no one knows about it. It's fucking pointless. Same reason why Coca Cola spends something like 90% of what they make on advertising. Do you think there aren't better and healthier juices out there that people can drink? There's plenty of them but most people buy this Cola due to the fat promotion behind it.

The first moment I saw the devs on Keiser report I thought to myself "what are these sexually ambiguous crooks doing on the show?" As all know the launch had been postponed several times and then you realize that there isnt a decent wallet.... Max Keiser is gonna discredit himself because of coin that just happens to do something with his name... Will try mining a few coins just to see what happens :D

Maxcoin just seems to be in a completely different world. The devs are useless and inactive, and apart from Max Keiser's backing and a different algorithm, this coin has nothing else going for it. I would be confident if it had a competent dev team, but if something goes wrong with the coin then there's going to be a problem.

You can't say the developers are competent. Anyone who does is a liar.

The coin has just as many pros as it does cons.

No he won't. Worst case he'll make fun about it. User friendly windows wallets can already be downloaded btw.

the only pros is that they got a kickstart media attention...

Don't know about them being inactive. They seem pretty active. Check their tweeter feed https://twitter.com/maxcoinproject

They also have over 7k followers there already.

I don't know what disturbs me more.. the fact that you think Max Kaiser has as much sex appeal as Brangelina OR that you think Coca Cola is a juice....

whatever you take make sure you share some with Max.. he's got a good stash..

Active on twitter, but not here? This is what I mean by being in a different world. It's 95% PR and 5% development.

This right here! Nullu on fiah!

my thoughts about maxcoin? "lol"

It isn't ASIC proof, infact it's very prone to ASICs.

I don't get it. What's wrong with twitter? Much easier to track shit on twitter than digging up through hundreds of posts n spam here on forum.

Sha-3 is not ASIC proof at all... any more than MaxCoin was a claimed "CPU only" coin...
it took developers one day to adapt bitcoin mining software to work with Sha-3

how long do you think it would take chip designers to adapt the SHA-256 ASIC chip design?

if they wanted to they could probably do it in a couple of weeks.

from design to tape out to delivery right to the customers door probably wouldn't take more than a few months because the ASIC companies already have all the distribution channels, suppliers, designers, production facilities in place, not to mention all the experience.

Thing is there are no ASICs for it yet and none in the pipeline. Scrypt ASICs can already be pre-ordered.

sorry to say that, but the launch was a complete crap, here's what I experienced:

- it was supposed to be cpu
- resheduled launch (guess why)
- released linux binary at the launch time was not working (linked dynamically against extra libs, devs are amateurs)
- github source 10 minutes after not working binaries release
- in the mean time somebody "found" working nvidia miner
- wallet does not synch, damn… ok it's synced
- i'm finally mining… diff 174+ <_<

thanks

Max is a clown and the coin is garbage.

Yeah but fuck the launch. It's stable now. Let's look a bit past this launch. No one will give a shit about this launch days or weeks from now, except idiots who like to hold a grudge.

i lost time on this coin, i was ripped off right at the beginning so were the others, and a small group of interest instamined it
i'm not getting involved into this crap

This..
I've completely lost all faith in this altcoin after the failed launch, and won't be mining or buying it.

Yeah suit yourself, it frustrated the shit out of me also. Wasted few hours trying to get the 1st windows DOS client they've released to work, command line style.

Thing is, though, this coin will make money for all early adopters. I'm pretty sure of that.

Pretty sure the only people who listen to or know of Max Keiser are yanks - the rest of the world doesnt give 2 fucks about him or his bullshit 'hype of the day'. Buy Quark! Buy Kitteh! Buy MaxCoin!

Crap launch of a coin that brings nothing to the table so staying well clear - theres dozens of other coins to make a profit from .

del

Nothing wrong with twitter at all. But it just shows a total lack of respect for the community. This forum has had a large part in Maxcoin's success. It's the lack of common courtesy which is just telling, really.

Well it sure got the dev team rich quick.

Max tweeted an hour ago:


and reply came


followed by a retweet


followed by

Would seem Max is working with these 2 websites to get MaxCoin on:

http://www.netagio.com

and

James Turk's http://www.goldmoney.com https://twitter.com/GoldMoneyNews - goldmoney.com has 32k followers on Twitter.  Lauren Lyster, Peter Schiff, Roger Ver, Erik Voorhees,  The Dollar Vigilante are among the followers.

ditto

duhhh.. take your spam to twitter or facebook please.

These are relevant updates to this thread. Feel free to unsubscribe.

This forum does not support ignoring threads.

Click unwatch at the bottom of the thread, but I guess some exposure for your sig doesn't hurt. You are the only spammer here now bugger off.

I click unwatch, but still see the thread. I don't use the watchlist if that's what you mean because I want to see new threads as well.

Did anyone read this article from nasdaq.com?

i have a rule i just dont get myself info anything that wasnt fair @ the launch time
those who don't have that rule are just useful idiots packing up pockets of small group of interests who knew how to instamine this coin at start

you know what is most ironic of all.. those idiots running the maxcoin project are tweeting that people should buy the coin but there isn't an easy to use, readily available wallet yet.... so the general public who buy these coins don't have an easy and safe place to store them.....
that means most bought coins will be kept on the exchanges in a place where they can quickly and easily be dumped...

This is really the biggest scam in alltime cryptocurrency history.

Launch was more than terrible with GPU miners from the start, Windows 8 qt still keeps crushing after a few day, every pool has been under DDoS. People are still coming here trying to mine with CPUs.

The community has been deceived , people who are buying will condemn cryptocurrencies, even if you sell with profit, it will hurt the market in the long run. I used to like Max Keiser, but he is the very same as the bankers, he hates.

the coin wasn't invented by max it was invented by two students from bristol university in the UK.

this is a FAILED BRITISH COIN not a failed american one.

The windows wallet is working just fine for me and many others.

This is retarded. You blame Max n team for the pools being DDOSed. This happened for the simple fact that the coin is very popular and everyone wanted to get in, screwing other miners.

Yea it's so popular that it drops in price 50% per day.

Ok, you are right about the DDoS thing. But the Maxcoin team wanted to provide us with pools upfront at launch and this is what they didn't do. Maybe this coin will establish in the future, but one thing we can all agree on is, that this was NOT a fair launch and they really screwed things up. Even a WhateverCoin XY can launch better than this with working wallets, miners & pools for anyone interested.

Keccak (SHA-3) is not ASIC proof

http://rijndael.ece.vt.edu/sha3/publications/DATE2012SHA3.pdf (http://rijndael.ece.vt.edu/sha3/publications/DATE2012SHA3.pdf)

There are no ASICs for SHA-3 people can buy and none in the works either. So it will be ASIC proof for a while, unlike Scrypt.

https://twitter.com/maxkeiser/status/432570054639484928

Tune in here http://stream-aac.infowars.com to catch Max live on Alex Jones talking about Maxcoin.

this is the best coin launch ever had. think about it.

There is a guy called max keep promoting the coin in the exchange.

Nobody except ppl in this forum know how to mine this coin.

Can you think anything better than that? anything give you 0.1btc a day for a single gpu even if you don't have a Nvidia in the computer and have to use the cpu in the first whole day like an idiot?

this is 1gh coin, we all know that. and we only download from 1gh. And there is a celebrity who thought that is his coin and keep promoting it somewhere else. that is awesome. :D

well then I would stand corrected.. I believe at the time they tweeted buy maxcoin and the last time I checked there wasn't one...

its a good money earner for some.. you will get no argument from me there... but it wont last... it will ultimately fail when the miners move to another coin... they are already planning to launch Stacy very soon.... there is nothing appealing about maxcoin at all and the devs are inept.. yet people keep buying it..... I will continue to tell people that it is a shitty coin but if they want to keep buying from miners like me well... that's their choice... most miners will stay in as long as it is profitable so I dont see the coin collapsing all together.. just not being successful in the long run.

Scrypt is actually more ASIC resistant than SHA-3 because it is more memory intensive.

that means that they are more costly to produce and initially SCRYPT ASICs will only provide maybe a 10 fold increase in performance over GPUs.

SHA-3 ASICs on the other hand will give the same 100 or so fold increases that SHA-256 ASICs did...
one day everyone is humming along at 300Mh per card and then bam all of a sudden 30Ghs ASICs start appearing everywhere.

this we can deduce because people have already pointed out that clocking your memory down to 600mhz does virtually nothing to the hash rate. so SHA3 is not tied to memory just like its older brother SHA-256

so in reality,  although Scrypt ASICs may come quicker to market.. seeing one that decimates Scrypt coins the way SHA ASICs did is still a long way off...

And to make Scrypt further ASIC resistant coins can use Scrypt-Jane and Scrypt N Factor (with a hard fork or new coin)

Eventualy any coin that uses the SHA2 (BTC etc) or SHA3 (MAX) family of hashing algorithms is going to have to change their proof of work in order to escape destruction domination by ASICS...

from the perspective of a lot of nVidia card owners, this was an excellent launch. Having a small nVidia farm myself, I cannot complain. We had a 30 hour head start over OpenCL mining software optimized for AMD.

I am the programmer who implemented keccak into cudaminer, but I was only able to pull it off because the maxcoinproject delayed the launch for 24 hours and the maxcoin-cpuminer.zip source code got leaked on the originally planned launch day. This allowed me to see how the SHA-3 was applied (there is a notable difference to other SHA-3 coins like eCoin, which uses double-SHA3).

Christian

I guess this is an interesting feature of this coin. It brings onboard the Nvidia card owners who have been left out so far.

Just another attempt to use some ones name to boost publicity. Pretty sad really.. Whos making the Alex Jones coin to complete the crazy train?

So far developers moved fast to list this coin on few exchanges and Bittylicious. Would seem things are speeding up for Maxcoin.

Max is also a financial guy who's not a strange to cryptos and trading. He also has several important investments in this space in companies like Bitpay.

it's not asic proof.. they could be made.

also i don't blame Max so much for this as i do all of you reading this..
he seen this altcoin scene and joined in, simple as that.
blame yourselves for supporting all these shitcoins period .

i challenge one of you bashing Maxcoin to deny NOT supporting one of the other shit coin clones.. you can't !

they keep making them because you keep buying.. don;t blame Max for that.. look in the mirror

i see some pretty hypocritical dumb ass noob babble, like today some little douche said,
Maxcoin was better because it's based on a person rather than a dog.
uhhhh what ? lol

Pool op's and exchanges fumble over themselves to add coins and you all flash mine them hard and bitch while your doing it lol
But it's about a free market blah blah blah lol
But i made 1 bitcoin blah blah blah blah
But BUT BUT...

Yeah but there aren't any ASICs that can mine this coin atm and none in the pipeline either, while Scrypt ASICs are almost here, you can already pre-order them.

I see a few things going for this coin:

1. Sha-3 mining algo, which is not the standard Sha-2 or Scrypt.

2. Max Keiser behind the coin as big media personality.

3. Max Keiser's financial expertize, knowledge of cryptos and filthy rich friends that can jump in the bandwagon.

4. Since Max Keiser is also an investor in Bitcoin businesses like Bitpay, he will financially support the project to increase adoption and create the infrastructure.

5. Efficient mining with Nvidia cards.

Coins like Megacoin and many others among top 20 by market cap don't have any of these advantages. It has big upside from these levels.

being a noob and voyeur of cryptocurrencies (who has basically just tried out of the mechanics in the past, I decided over the past two weeks to check out some of the new releases.  MaxCoin was a colossal fail launch imo.  The couple of other new coins I tried in the same period (that had less hype) worked pretty smoothly.  I was able to get them working and mine some with a pool (and pretty much on the noob end of the spectrum). 

MaxCoin imho is poster child why project managers and business/system analysts are valuable in the tech world (i.e. poor communications, planning, and thinking through user scenarios).

People need to look beyond the launch. There is big potential in coin regardless of how launch went. Those who ignore this will kick themselves in a few weeks-months.

you may well be right.  I am just a noob/novice.  I looked at 5 coins that were pretty much new.

2) I was able to get going
2) were okay, a little clunky
1) was a total piece of chit

I personally would like to see the 2 that did a decent job and communicated well be successful in the long run.  but, that is not how things work out sometimes.

Yeah, thing is this coin has huge advantage over other crappy no name coins out there. People will soon discover it themselves regardless of how many crypto babies bitched about the launch.

It would seem Maxcoin will be pretty ASIC proof due to this built-in feature:


Posted by the Maxcoin devs http://www.reddit.com/r/maxcoinproject/comments/1xh1xl/the_maxcoin_advantage/cfba4hy

One of the devs just posted this info about the Maxcoin launch:

 http://www.reddit.com/r/maxcoinproject/comments/1xgo7a/the_launch_wasnt_for_crypto_cry_babies_cowboy_up/cfbany3

1st place to gamble with your Maxcoins? http://maxcoinspin.com

once the coin is launched, it belongs to the community, not any single person. even Satoshi cannot stop ASIC took over bitcoin. How messy was it launched, it is not important anymore. The most important thing is there is someone keep promoting it, and promote it to ppl in general public, not ppl having an id in bitcointalk or cryptocointalk. this is how the funny, nothing-special, hyperinflation-style doge succeeded so far. The good thing about this coin is, there is a famous guy, inside and outside crypto world, think that is his baby, and put his own reputation and creditbility behind it. cool

This is what i thought of maxcoin launch

http://youtu.be/HqoF4dgm6MY (http://youtu.be/HqoF4dgm6MY)

Yeah but rage now subsided and things are looking much better.

Pump and dump?

I was as prepared as I could be with it.

But learnt a lesson that I wasent prepared as i should have been.

Really would that be the fair, no premined launch your talking about or the pump and dump after.....

Point is this coin will offer great value for early adopters regardless of 1 day of allowing mining exclusivity to linux and command prompt geeks.

My biggest disappointment was with coins-e.com. I put in bids that were queued for hours, both before the pump and after. If I could have had my offer go in when I put it in I would have doubled my money. I'm disappointment Max chose this web site to handle so much traffic and they failed.

I realize a coin like this will have volume. Coins-e.com should have anticipated at least some working model.

I concur. I first created account on coins-e but it soon became apparent it was rather useless so I had moved over to mcxnow.com

NIST had already developed ASICs for SHA3.

Very probably wont work on MAX, but don´t say ASIC resistant.

Herp your bumping of your own post to pump up Max coin is irritating propaganda.
And maybe edit your last post rather than replying again 4 or 5 times back to back (to bump and pump lies)

And spare me your lectures..
i know more about this than you do.. i have worked on SHA3 related miner coding for 1 full year straight kid lol

Basically your saying he is a celebrity so uhh that is it.. that is your only excuse as to why this coin is great.
And i also debate his celebrity status lol
Only after his coin was announced did i even read a word he ever said and i never have seen his videos or seen him on TV either.
But i had heard his name thrown around a few times and i think it was because of stuff like when he was Pumping Quark lol
How is that working out now ?

And the launch ? Your covering mistakes made by the devs and lying about it basically.. be honest.
I never used a command line daemon before so when they announced the binaries for the windows wallet
within 10 minutes of their password unlocking that was clearly a way to screw people and worse yet,
i tried to run the damn wallet and i was stone walled for hours straight at launch and could not get sync'd to mine..
And to my surprise the actual devs contradicted your lies and admitted there was bugs in the wallet for windows
even though you just said there wasn't and they released a FIXED version of the wallet daemon and guess what ?
Within 2 seconds my client updated and was working RIGHT AWAY.. so me and ALL THE OTHER guys who were
struggling having problems mining from minute one on release day were actually not doing ANYTHING wrong at all !
We are not babies buddy we were pissed off because we got jewed !
My net connection was idle and plenty fast enough to update a wallet ..i know i have installed 50 of them far before you started i bet..
and my conf was identical to when it did not work at all proving the problem was not on my end or
the shitload of other peoples end who could not mine either.. i know i was on IRC with these other guys
AND i am getting tired of you pricks running around the net trying to cover this up and make us out to be noobs
because you were lucky to flash mine.. I TRIED i had all my miner stuff setup in advance and all i had to was use the password I WAS FIRST IN LINE !

And buddy don't change the subject, i didn't say Asics were 'made'.. you said it was not possible and i said it was.. stop playing games.

So did the Max coin team hire you to spread propaganda and hype this crap coin ?

Also why the hell did you post the topic when you clearly want to spout off your own lies ?
Seems to me you don't want to know what people think of Max Coin contrary to the title when you asked..

By the way i have been mining the coin.. i am doing it right now.
BUT i don't like it when people like you march around spreading lies and propaganda and playing games
simply for some rather obvious ulterior motive.. sure let's mine and trade it but cut the crap buddy.

This is what the coders said about it:

http://www.reddit.com/r/maxcoinproject/comments/1xh1xl/the_maxcoin_advantage/cfba4hy

well, i'm happy with my 0.2 btc i got from my 30 maxcoin i managed to get with my GTX 580 :)

its not that simple.. all their "feature" means is that they don't need to hard fork. The network has to reach consensus on the change of algorithm and that's only after X blocks have been mined... I can see that being a big sticking point in the future with one side wanting more CPU friendly and others wanting more GPU friendly.

and what if they stuff up the new hash algo like they stuffed up the launch.... then the system grinds to a halt.. DANGER DANGER WILL ROBINSON.

Awhile ago I commented how Max Keiser seemed to me to indicate the rise of potential populist bitcoin demagogues.

https://bitcointalk.org/index.php?topic=172189.msg1791580#msg1791580 (https://bitcointalk.org/index.php?topic=172189.msg1791580#msg1791580)

Mr. Keiser launching his own coin seems to confirm my suspicions at the time.

That said: New coin, direct access to Media PR, new hashing Algo, and powerful backers in the form of Max's cohorts that are probably in on the scheme. I would cry pump-and-dump, but they don't really have any reason to dump- do they? They just pump and pump and pump. Max is probably buying up coins when they are cheap letting regular miners do his work of collecting a big war chest for him.

It's hard to see how this coin could fail- at least in the short term. He's got everything he needs to make it succeed.

 

My thoughts exactly.

but the market for an alt coin is still limited to enthousiasts, and maxcoin got quite a bad name with the borked launch in my opinion.

RE https://twitter.com/maxkeiser/status/432886892246212608

Yeah but Mr. Keiser pretty handily solved that by writing off anyone unhappy as a "crybaby". A pretty effective slight as many people here do indeed known the command line and linux and are proud of it. Besides, the advantage isn't enormous, enormous. It's fair enough to be workable.

Those people bitching because they are less tech savvy only lost 1 day of mining. Even now, 4-5 days after the launch, Maxcoin is much more profitable to mine than any other alt coin. So please, people quit your bitching and join the party.

Also mining was even easier the 2nd day, after launch, due to implemented mining algo.

Windows GUI wallets have also been out for days. Got mine installed the very next day.

Perhaps, but if someone is looking to invest in alt-coins, it's hard to beat a celebrity face with direct access to the media. When Coblee started litecoin the alt-coin community had a fraction of the open source services and scripts it has today and it had a slug it out for a long time. If I read right, you can already buy maxcoin for fiat- 3 days after launch. That's pretty impressive.

I think the project will be a success and I'm buying my own stash of coins to reflect my feelings. It's as innovative as litecoin was at the time when it came out, has a full infrastructure right out of the box, and large investors who are incentivised to buy. Hard to argue with that.

+1 My thoughts as well. Glad to see this forum is not all full of dumb people  crying all day long about wallet not syncing or working from day 1 and their missed opportunity to mine it. Some should at least consider maxcoin as a natural born pump/dump coin that has MONEY written all over it  MONEY from mining, MONEY from trading.

Actually I see this coin as surviving same as Litecoin, Primecoin or other coins. I don't think it will go away anytime soon. It has the capital behind it, which frankly Litecoin doesn't have, nor the free marketing Keiser can bring to the table. It can easily overtake the likes of Namecoin, Feathercoin, Primecoin and so on.

Kind of sad that other people can't see the bleeding obvious. The devs were mining the hell out of this from the start.

Not the point. Can we move on from the stupid 1st day mining issues? It doesn't make or break a coin. Satoshi premined the shit out of Bitcoin and he owns big chunk of all Bitcoins created. So please cut this 1st day linux only mining BS. I'm sick of hearing this crap over n over. Bunch of silly crybabies. Just get over it already.

I'm sorry that the path to riches isn't as easy as you would like it to be.

People are entitled to voice their opinions, and if they want to complain about how god awful the launch was (which it damn well was), they will. It's not like it's going to devalue the coins in your pocket. If people are going to invest their hard earned money in something, then they deserve to know.

My "path" is doing just fine without Maxcoin. I could buy more than enough of them to join the hype if I was so inclined. However inclined I am not.

Given the current price its trading at, the best any holders of the coin can hope for is to maintain its value relative to BTC. It will be volatile and you can trade around it but overall don't see too much upside from here

People will move on except for few sour grapes bitter selfish individuals. As I was saying earlier, Satoshi premined and owns lots of Bitcoins. In this case no one can prove devs or Max himself pre-mined this. Of course we can speculate about it but speculation is no proof.

You mean same way as people deserve the know Satoshi premined the crap out of Bitcoin and yet we're talking on a Bitcoin forum aren't we. It's one thing to voice your opinion once or twice to get the point across and it's something else entirely to repeat like a moron same thing dozens of times.

Some money is hard earned some it's not. Cut the cliche BS.

I don't give a shit about your path but you obviously give a shit about Maxcoin's path and obviously no one cares much about your inclinations either.

as much as I disliked the launch... I have to say this.. even if the Devs were mining with GPU miners from the very first second after launch (or even the day before)....  they would have gotten much less than .01% of the coins.. that is still lower than almost all of the other coins out there and probably better than any of the other coins that had any kind pre-mine (many do).... so even if the devs were planing to make a "killing" they probably didn't.... I saw on twitter some guy with a farm bragging about how he got 13K coins... sadly that's not enough to make anyone a millionaire.. well not for a few years anyways... (and maybe never).. if they wanted to "get rich quick" they would have had to mine this coin for weeks with a farm before launching....

Satoshi didn't premine, he mined only the genesis block (50 coins worth) and then released the code into the public domain...
people didn't pick up on it for many many moons... that's how the early adopters were able to accumulate so many coins...

people also forget that satoshi invented the technology.. he/they didn't just copy someone else's work and try to cash in on it.

inventing a ground breaking technology and then just giving it away for free is about as altruistic as a person can get... the guy(s) could have patented the tech and then reaped way more money in the form of royalties from all the silly clones that keep getting launched.. but he/they didn't...

are the maxcoin devs going to work for nothing?   if the MAX price drops bellow 0.000001 lets see how many people stick around to support this me2 ahem "breaking new technology"..

EDIt.. I should also add that the second guy on the bitcoin scene... Gavin Andreson bought 10,000 btc for 50 bucks and then gave them all away over a period of a few years... its not like he got rich off MINING (in any form).. and he is now the worlds  Number #1 Bitcoin guy....

Exactly. Well said!

http://www.reddit.com/r/maxcoinproject/comments/1xhik4/maxcoin_one_of_the_fairest_initial_distributions/

Nope http://motherboard.vice.com/blog/bitcoin-mints-its-first-billionaire-satoshi-nakamoto

You are the idiot because as I was talking about Satoshi not Maxcoin in that context. And no Satoshi didn't mine just 50 Bitcoin. He mined much more when not many heard about Bitcoin. You can call it mine or pre-mine. Doesn't matter much. We were talking about fair and unfair launches. Get it? Idiots have a problem understanding analogies. You clearly suffer from this affliction.

http://motherboard.vice.com/blog/bitcoin-mints-its-first-billionaire-satoshi-nakamoto

do you even know what premining is ????

if he mines and releases it to the public and nobody else mines because they cant see the value in it.. THAT IS NOT PREMINING...
he got that many coins because the hash rate simply didn't climb as fast back then as it does now... there was basically just a small group of people mining for years.... but that doesn't mean they were premining... anyone could have joined in at any time. all the info source code etc were available from day 1. cmon mate wikis aren't that hard to read are they?



http://en.wikipedia.org/wiki/History_of_Bitcoin

Yeah but we were talking here about fair and unfair launches. Point is Maxcoin got huge exposure, LOTS of people found out about it, probably way more than Bitcoin users in those early days.

So to say Maxcoin launch was unfair because some people only started mining the 2nd day and not the very first day is stupid, as plenty of people who knew about the launch were able to easily mine the shit out of it.

That's my point. Maxcoin launch was fairer than many other launches when you think about it. Almost everyone in the Bitcoin community knew about it and were able to get their hands on client and mining info on 1st day if they were tech savvy or the very next day if they were less tech savvy.  So I don't really see the issue with this launch.

BCX has highlighted how you are visibly reaching and yes i agree it is painfully obvious and you clearly have an agenda here.

And your comparison is not what your *trying to make it out to be and yeah we all know Bitcoin history..
Lets look at another historical moment shall we ?
Take ORB / Orbitcoin for example.. It wa pre-mined so heavily that chat users at Cryptsy were enraged when they added it to the exchange
so damn bad that they actually decided to remove the coin based on user demands. (around August 2013)
Later they ended up sneaking it in (Dec.13th) when no one was looking.. classic slide a coin in with no announcement stuff, typical Cryptsy behavior lol
So no buddy pre-mined coins are the vast majority of the time VERY bad and simply rejected by the community.
Orbitcoin is widely regarded as a complete failure.
PS: In case you guys want to pull the usual attack me routine as some kind of defensive
bear in mind i never said a damn word in any way about ORB way back. Everyone else was bitching lol

I can outline point for point how Maxcoin was a manipulative failure in many way if you want ? You still don't get it do you ?
Denial is fine.. let us know how that works out for you lol
And let me point out how the history of a coin's dev team (if you can call it that) is a large factor
in how we should regard them as competent for the future.. for example what are they going to be like down the road ?
And Max Kesier is no dev or coder either.. He is the guy who is responsible for instilling Confidence in the coin..
If he can't do that then the coins fails.. and the coin is failing..
He is the guy who bought a pre-made copy and paste coin for him to capitalize on his celebrity status.
it offers nothing else to our community and do we need that ? Who's next ? Does Brittany Spears need one too ?
Coins have no value.. they have value because we have confidence in them like people do with the US dollar
So your trying to prop up a dying currency people lost faith in..

Max has gone on Twitter proclaiming this coin a success and he is not being honest.. it's widely regarded as a failure across the world.
Next to nothing they did worked right.. it has been a train wreck in all aspects.

Many of us have been there and done that and got the T-Shirt and we know how this shit works out in the long run.
Regardless of your propaganda campaign.. Are you trying to setup a pump.. laying the ground work down for some hype ?

The climate and market is not what it was back when Bitcoin was first released..
Your comparison is a joke.. lots has changed in the mean time lol

To sum up what i am saying..

https://i.imgur.com/zVDez.jpg

@Spoetnik

Just check the other maxcoin bitcointalk thread and tell me me again with a straight face this coin is a failure.  374 pages 7473 replies and 216497 views in just 13 days.

@themaxcoinproject https://twitter.com/maxcoinprojectalready has +8k followers. https://twitter.com/Feathercoin has only +4k followers. That's a lot in such short time by comparison.

Maxcoin had daily volume of over 1200 BTC the other day on mcxnow exchange but it's also trading on 3-4 other exchanges.

People can already buy Maxcoin on several exchanges and also directly for fiat on https://bittylicious.com. How many alt coins achieved this performance just few days after release?  

Also: Do you know anything about Goldmoney? Just google James Turk to see who's behind it.

You can already spend maxcoins on websites like these http://www.maxcoinspin.com so ecosystem around the coin is already going.

We'll see who has the last laugh few months from now.

except for the whole publicity/huge exposure/right connections/celebrity endorser part. Which I am curious to find out if this might be the only part that really matters.

+1

ehh... fuck off?!

Knowing about it weighs heavily in a fair launch. Look at NEXT launch and launch of other coins, of which very few people knew about. Lots of people can make the claim those were anything but fair because a very limited amount of people knew about it. So yes, I think people knowing about it is the main ingredient of a fair launch!
 
Grandma wanted to mine some Maxcoins but couldn't handle the DOS command prompt or Linux, but she really wanted to. It was highly unfair to all the grandmas out there.  Mining was not only way of getting your hands on this coin. Lots of people were able to get into it by buying. Those who got in the 2nd day were able to mine it just as easily as 1st day miners. One day doesn't change much at all. So get over this argument.

That's PURE speculation on your part. Highest % of miners, those with highest hashing power are experienced miners and mining farms.

Not really. Majority of those posts are people genuinely interested in getting a piece of the action.



Piss of hypocrite! You've admitted yourself you were an early miner and made a killing mining this coin. You were probably one of those guys selling for 0.04 prices. If you're such a knight in shinning armor why not return that money to the people you're ripped off on this "scam coin" as you've called it?

@Herp

i have already explained it you that the fucking god damn dev themselves admitted there was a problem with the daemon
and that they had released a FIXED windows daemon.exe.. do i need to take a screen shot of the twitter announcement ?
You *should know this since your the expert here on this coin.. playing dumb ?

you are acting like a lying scammer and your pissing me off with this retard bullshit..

what part of i am a a leet ass computer pro did you not understand ?
want my resume ? it's god damn large man lol

i am a cracker and coder and have been for 10 to 20 years straight and i have started using Linux about 15 years ago now.
which means no i am not grandma trying to learn how to use a command prompt lol

there was something wrong with the daemon or they would not have made a new version saying they fixed for people having issues
and like i already said.. how is it i was struggling to make it work when i did the same thing when the new .exe was released
that i had done non stop for hour after hour after hour.. i tried for about 3 hours straight non fucking stop
and the block chain was pretty fucking small man it would not have taken much to get synced and it refused to.. so i gave up !
and when i tried again like 8 hours later all i did was download the new .exe and run it.. it was sync'd in 2 seconds flat man.
i changed nothing at all in my conf.. it was correct from the minute i got the password from the fucking twitter feed the minute they released it..

and hey since ya wanna be a dick and play games lets dig deeper..

Why did they have an official pool that did not work still 4 days later ? yet tons of random people out there managed to figure out how to mod the code and fire one up..

Why is the official exchange they kept advertising still messed up with some que'd order crap ?

Why did they not have a windows QT GUI for launch time ?
They have one now way after the fact and it has the options menu disabled and a new icon aside from that its identical to any i have seen before.
SO what was the big hold up ?

Why is it they released at all when they KNEW they had a daemon only for windows and most people would be small time users running windows ?
Had they said we're stalling 24hrs to get a wallet coded up and compiled i would have fully understood and not bitched at all !!!

Since some tweaking had to be done to make miners work how is it they had none ready for launch although requested for example on Twitter on the 3rd
far in advance they wanted a coder to work on a cgminer mod.. Who believes they didn't have one on launch ?

Not sure who you are but you have an agenda obviously.. and i think your full of shit
And those guys who were lucky enough to solo mine blocks first few hrs at easy difficulty and dump them at mcxnow for 0.03 BTC made a god damn killing lol
must be nice... those guys we're making $2000 a block roughly
so yeah i guess those pricks would be proclaiming the coin is a success lol

Rofl awesome, this must mean that I must be some sort of computer master since I, as an engineering student with little coding experience managed to figure it out and get mining soon after launch while this self proclaimed coding/cracking genius was unable to do it  :D

Well either that or he's just a liar and a complete cretin

Do you have anger issues?

Wow. Smart and modest. ;)

I can believe that. ;)



I won't bother replying to your whole wall of text nonsense. Suffice to say you are an active miner, clearly mining Maxcoin at the moment judging by the posts you've made in the other thread. Why do you mine it? If this is a scam coin you are a scammer yourself by willingly participating in this scam and scamming people by selling scam coins to them. Get it?

@Herp

Maxcoin was a fucking joke launch its plain and simple.

Fair launch yeah whatever you keep thinking it is whilst Max pulls your pants down.......

So let me get this straight. You've noticed from day 1 this is a 'scam" and you willingly participated in the 'scam" to rip off people yourself and yet somehow you come out of the whole story clean as a whistle. Legally all the people who willingly participate in a crime are criminals and that would include you.

It's like saying you've witnessed a rape going on and you've decided to join the gang rape but that was perfectly fine since you weren't the guy who started it. Oh and you also call the cops in the end to expose the ordeal.

People like you disgust me.


~HRP~

You've made two highly intellectual remarks. Your daddy must be proud.

Joke launch doesn't mean unfair launch.

Got any other pearls of wisdom to share?

Why bring my family into it...TWAT

Its was a laugh a minute, hang on let me give you wallet but its password protected, let my config my system so when I press go I know exactly what I am doing. So I can mine the shit out of it before other people get to grips with it.

Oh let me release new nodes that I have been using myself to mine every 20 mins.

Let me release sporadic bits on info to make me look like we messed up and trying to help but infact we raped the hell out the coin in the time it took you to figure out WTF was going on.

Over to you now, your boyfriend must be very proud of you as you can suck a football through a hosepipe.....

PS Ive gone for the night so insult away.....

how are ppl still complaining about the 1st day, that is many days ago.

I wasted at least 10 hours in that coin too, first 5 hours tried copperlark cgminer, with solo, pool, and everything. the next 3 hour tried to find cudaminer code, binary, compiler and everything. then tried desperately setup cpu miner. but hey, that is last week. in crypto world, it is like, last year.

That's a loaded question which I won't bother answering.

Since on that topic, though, Maxcoin project is expanding and hiring devs http://maxcoin.nl/2014/02/looking-for-a-programmer-to-help-with-maxcoin-project/

Sounds pretty bullish!

Sure, why not, if you think you can make a positive difference. Launch was plagued with bugs and issues so I'm sure they could use more hands on deck.

Do we get a share of the coins mined during the failed launch if we join the dev team?  :D

I dont think he even cares for Maxcoin, for him is just piece of advertising.

Assuming for the sake of argument those devs mined coins the very 1st day. That share is minuscule. A very tiny % out of total were mined the 1st day and many of those coins mined the 1st day were community mining farms and professional miners.

So we're talking very small % of very small %.

Of course he cares. Did you check his tweeter feed? He has interesting plans for Maxcoin going further.

This tweet just came in:

Oh, how I feel for those absolute poor souls who bought into the first day sales when Maxcoins were pulling a ridiculous 0.01 btc PER coin. 

Then again I realize, stupid people are needed in this ecosystem.  And for every shark, there is a pig led out to be slaughtered.

New artlcle about Maxcoin launch and plans http://www.ihavebitcoins.com/featured/maxcoin-trader-alert-a-product-in-demand-is-a-good-one/

Bitcoin experienced the same in the early days. Rise up to few $ and drops all the way down to few cents. I'm sure there were lots of wise guys calling suckers those who stayed for the long haul.

Would anyone sell me a Bitcoin now for $10?

did you write this article herp?


how will they do this exactly?.. by handing out GPUs to the masses? count me in if they do... I'd like a box full of R9 280s please...
I woudln't exactly call handing the coin over to Botnet operators and GPU farmers astute... and I wouldn't call releasing only linux compatible source code at launch "putting power into the hands of amatuers"..

yeah sure the CPU miner did eventually run under windows.. but it took me a good 6 hours of having to install a whole bunch of Linux emulation packages to get it to compile properly under windows 7 64.

im sorry but if you have to install and configure CygWin on your pc just to get the source code to compile.. then its not a Windows application... its a linux application Jerry-rigged to work under windows.


so they Anticpicated something they didn't expect? interesting lol... such an elegant command of the English language... ;D

I just found this interesting video of the two UK developers when they had their light bulb moment and invented MaxCoin

http://www.youtube.com/watch?v=TkZFuKHXa7w&noredirect=1

Call me in 10 years when bitcoin is still the gold standard of crypto currencies and maxcoin joins the litter of conversational pieces fathers will lecture their sons on regarding 'maxcoins and coinye, and what financial fuckups NOT to make in their own lives.'

Max will be back to hyping silver 'to the moon' while it forever stays stuck at 20 dollars once his half-assed crypto venture crashes n' burns.

Maxcoin just got listed on this Chinese exchange https://bter.com/

Maxcoin got listed on Bter !!!

Buy and Sell Maxcoin on Bter Exchange: Get 10% off on all trading fees. Sign up with this link: http://bit.ly/18NYW4m  


Also, if u like there is a New Crypto Currency Faucet, BTC,LTC,FTC more and adding more, get free BTC,LTC TIPS every day! http://bit.ly/1fRGvQk

@BCX


Price was hyped, sure, due to the popularity of the coin. Came crushing down once coins came flooding in but what matters is how much it will be worth 2-3 months from now. Those people who bought at high levels can still break even or profit.

I'm pretty sure Max and Stacy are in it for the long run. I don't think they've dumped any. They're not in it for short term gains as they're rich enough already. No need for them to dump coins to make ends meet, pay the rent and such, like many miners do.

@BXC

Your limb is wrong. Easy to figure that out by checking the negative stuff I've posted about Maxcoin before release. So no, I'm in no way connected to dev team.
https://bitcointalk.org/index.php?topic=438150.msg4828923#msg4828923
https://bitcointalk.org/index.php?topic=438150.msg4837990#msg4837990

Most coins are vulnerable to 51% attacks. Cex.io almost gained 51% of the Bitcoin network not long ago, when everyone panicked on Reddit urging others to leave the pool.

I just think this coin has potential regardless the lame launch.

i was simply looking for away to brag about being a computer pro..
you see i am insecure and my self esteem hinges entirely on what some little fucking faggot online thinks lol

sorry dicks but i get the same old same old online.. jealousy
i am a well known cracker coder etc and i have accomplishments that no one else can claim..
for example i have coded from scratch the first and still only crack for a series of LG cell phones that unlock it for unlimited content.
so how many people can say that ? one.. me !
Jealous well too damn bad lol
For another example..
I had a job interview at Sprint USA for a computer tech job about 6/7 years ago and i was on my final you got the job mini interview
and there was another guy who got hired sitting beside me and i said to him while we were chatting you ever heard of my user name
and his eyes bulged out and he said holy shit that is you ? he said he had used tons of my cracks over the years and thanked me.
This is typical and i have had people around the planet atc like that.. it's not bragging either its just how it is.

I also get called liar etc a lot and have to bend over backwards proving snotty punks wrong ALL THE TIME
and then i get told i am bragging when all i was doing is defending myself from meme.jpg's and snotty brats..
My resume is fucking HUGE..... i have worked for well know world wide corps and my own government
and yes cracking and hacking and coding and to top it off i have some pretty interesting connections that make headline news regularly.
And if that bugs people tough... i coudln't careless what people think, because most people are useless retards lol
Stay on Facebook or 4chan or what ever ;)

yaay, a hero member rules this thread.
can't wait for staceycoin, keisercoin, maxnstacycoin, rtcoin.
they must be laughing all the way to the (of shore) bank

Yes, and I agree, a strategy they will repeat again and again, if the same results are shown.

Which means either he is fooling (possibly himself and) you, or the coin MUST BE controlled top-down and is thus centralized. Thus handed on silver platter for take over by the authorities in the future.

Either you have decentralized protocol or you have top-down control.

If the protocol is decentralized it means no one can decide to change it any more, unless they can convince a majority of the mining hash processing power to switch. Since ASICs have orders-of-magnitude hash processing power advantage, then they won't agree of course. Even if ASICs are just launched, existing GPU or CPU miners will be resistant to changes (https://bitcointalk.org/index.php?topic=279771.msg3033650#msg3033650). So you must then maintain top-down control over pools or somehow force all miners to switch.

I explained this to bytemaster (https://bitcointalk.org/index.php?topic=279771.msg3033650#msg3033650) months ago when he proposed a similar strategy for BitShares.

This is also why you won't see any drastic changes to Bitcoin any more.

Ditto

appalling launch, i wasted 2 days on this frustrating shit!

No windows client even though a large % of miners use win 7.

unbelievably poor communications from the dev team. I had high hopes for this but was extremely disappointed.  >:(

@techstorm2

Devs are very responsive on Twitter and reddit. There's also a Maxcoin forum but not sure devs are active there.

You are wasting your time & money.

Says guy who wasted his time posting in a thread warning people not to waste their time. Right. ;)

If your time is free and you have money to lose, keep going. I was talking to people that doesn't have that luxury.
I feel better once I warn people but you are free to do as you want.

Yeah because you're such a charitable good doer guy. Yeah right.

Nice chance for your to advertise that signature. ;)

I have enjoyed Max Keiser and Stacy's show over the years with their financial insights.

But more importantly its his advocacy of Bitcoins and Crypto Currencies in general where Max really shines.

This Max Keiser coin is a fiasco and certainly does not help the cause of Alt Coins at all.

Max Keiser has to know this and will certainly distance himself from one of the most inept coin launches ever.

@StewartJ

Just because you stumble a few times, doesn't mean you give up. Only losers do that and Max is no loser.

He will stand behind the coin and promote it, helping out with the development. He had ample opportunity to "distance" himself but he didn't do it and won't do it. So... Maxcoin is here to stay.

Yes, but you didn't address StewartJ's point. While Max Keiser is trying and failing, he's taking others down with him.

You are dumb is you click every banner you see. I don't care what is written on this banner but I get money from it, that's what matter.
You are loosing time and money with this coin.

@BitcoinEXpress

There's big diversification atm into several other pools.

@superresistant

Relax, not many will click your stupid links. You're just trolling here cos you want extra hits.

@BCX while I agree with most of what you say.. the devs and MAX cant have made much from this coin at all.. at most they had about a day of mining before the big players moved in and shot the difficulty so high that it would made their Hashing power insignificant... how do I know? because it made my hashing power insignificant in that short time span... that's for sure.


lets assume that ALL The devs could mine for a full day and get 276480 MAX Coins..
lets assume that they sold half of those coins at market for an average of 0.01 BTC
so they end up with 1382 BTC or 960,000 USD for launching the COIN..

probably half of that went to MAX for promoters fees..

so max Gets about $500,000 worth of coins for tying his name and reputation to a coin which could ruin his career...

these assumptions are for a BEST CASE scenario, they probably got much lower than that...

and while they seem like fairly large numbers.. they are NOTHING compared to what MAX is actually worth...and a mere fraction of a percent of the overall coin supply...

lets hope for the sake of all stake holders that max and his team can deliver more software to make the coin more accessible. if not they lose just as much as the miners do..

Max Kaiser could easily suffer more than 500,000 worth of damage to his reputation if this coin fails.. and he may even face jail time for some of the claims he has made if they cant deliver...


just on a side note.. MAX and his team claimed that the coin would have a market cap of $20 Million in a couple of months... for that to happen the MAX price would have to stabilize around 0.0017 or double what it is today... lets see them try LOLZ

God knows why but I decided to invest at 0.00163000 >:(

Luckily it was only a tiny amount: 0.1BTC

https://twitter.com/maxkeiser/status/433666097464631296

Kudos to all who sold in first 2-3 days. Nicely done!

BCX, I think you are putting too much personal bias into logic thinking,

1. 51 attack. lots of scrypt coins have this issue right now , because their constant falling price, less and less pool available. the biggest 51 attack issue is bitcoin, I moved from the guild to ghash long ago, never went back. I don't even setup backup pool, just let it idle waiting for ghash to go back online. I admit that is the biggest threat to the community, because bitcoin is like reserve currency of crypto. maxcoin is less than 1 week into the game, 51 attack really does not matter. if someone write a better cgminer, he will immediately take over a large trunk of hashrate.

2. price crash. The coin does not go away because price, as long as it is profitable to miners, someone will maintain the blockchain, and the coin will survive. talk about price crash, bitcoin is right in the middle of the (xx)th price crash now.

3. the initial pump and dump. Does that not happen to all coin launches? It is not even pump and dump. when coin is launched, there are very few supplies, but lots of marketings and anxieties are built up. Through the initial low difficulty period, miners created huge supply which overwhelmed the initial demand. the price always fall. the same happened to doge.

agreed with eddilicous. Ok soo bcx just leave the scene of max coins. And when it does die come back again and tell us all " I told you so". Until then your bitching is ridiculous.

mazuma is not me. I just took kids to bed.

let us keep our discussion. If you put your emotion aside, look at this fucking mess-up thing remotely, from far far away.

other coins hit exchange, a long list of asks, a few 10s of bids, dump happened in a matter of hours. This thing hit mcxnow, opened at a rigiculously high price, for 3 whole days, thousands of btcs dump every day. it is still one most profitable coin now. consider how big is the daily volume in cryptsy? probably mid thousands of btcs, still due to large doge volumes. this thing survive three days dump like that? I say wow.

and how bad is this dump anyway? in the first 24 hours, around 150,000 coins came out, my 8 core FX8350 only gave me 3 coins. 32 core droplet will get at most 100 coins. most coins were in NVidia gamer's hands. how many NVidia miners are there in bitcointalk? not a lot. the coin was very concentrated in a few hands. now they took huge profit and leave. the coin is more distributed.

I am not saying this coin will have a future. no coin has made so far like doge did. that is my other wow, for an hyper-inflationary and print-to-obilivion coin. but if someone say this coin is dying, I feel there is no logic rationale behind it.

Maxcoin has turned into a joke. It is the new study case for how not to launch a coin. I was literally laughing out loud during the launch and am not surprised in the least at the sudden drop in price. Really this coin is like a cancer to me and needs to be cut out of history.

for once, they laugh us all the way to the bank. whatever, I admit I only play COD on xbox, my AMDs are all for some wrong purpose. I never bothered to compare the shader performance between Nvidia and Radeon before I purchase the cards. So what? that is just one day. this thing got gravity well in it from first day, so no one can take too much advantage anyway.

Seems legit, lol!  :o

1      hattifattener 369,252,655  KH/s       14,800.618     MAX/ Day
2      anonymous   315,193,333            12,633.778   
3      mhashman   284,956,764            11,421.817   
4      AK0490   251,971,415            10,099.677   
5      kasetamojezy 233,646,221            9,365.155   
6      lachire   223,567,364            8,961.168   
7      lvz08   217,153,546                    8,704.085   
8      hydra   187,833,236                    7,528.850   
9      jv   175,005,601                    7,014.685   
10      RandomQ   169,508,043            6,794.328   
11      anonymous   164,010,484            6,573.972   
12      theNoss   149,350,329            5,986.354   
13      shopua123   128,276,357            5,141.654   
14      mavend_mine   127,360,097   5,104.928   
15      sinhoyin   122,778,798           4,921.297   

http://coinmarketcap.com/volume.html#max

its probably a fontas fake pump...

what a pity. some one only predict and verdict but miss the train.

these is a list of maxcoin devs? aren't there just 2 dev who were on his show?

And yeah, these was completely unfair start which gave max teams mot advantage

Maxcoin is now 4th most traded coin by volume http://coinmarketcap.com/volume.html#max

here is proof that SHA-3 ASICS have already been designed.

http://rijndael.ece.vt.edu/schaum/papers/2012micpro.pdf

MAXCOIN is not ASIC proof nor even ASIC resistant.

as time goes on we will see more and more ASICs like this one that have the ability to hash multiple algorithms...

it really is just a matter of time before some entrepreneur (probably in china) decides to tweak a design like this and mass produce it to mine for their own profit.

and the value of MAX going up only speeds up that process..

3rd now. somehow Chinese is buying like no tomr, they watch Max Kaiser show 2?

@Alphi

If you want to mine this coin go ahead, if you want to buy it do it only for short term profit. This coin is so young and block rewards will not halve for another year, thus percentage wise inflation is very high for the coming weeks/months. Even if the market cap would triple in a months time the individual coin value will still  be less in a month than it is now. I'm not investing for another month, lets see what happens with the price for now.

Botched Release of coin that is not ready yet. But innovation is a +1.

this is a real mafia coin in my opionion. I was mining from the first minutes which were possible to mine and havent found any blocks from this coin with all my pc´s and from my friends the same. I can list the problems from the root:

- The unfairest coin I ´ve ever waiting to mine is MaxCoin.
- There were no Windows Binaries at launch time, only Linux/Mac Sources
- Then they promised to make a binary for windows, but it came only with a daemon, so you have to start mining through MS-DOS Commands, so unfair for the non technical users
- I have mined about two days with several Core I5,I7 and AMDs also and didnt found any blocks.

Conclusion:

Only people, who are from the MaxCoin Mafia could mine all the blocks, maybe with a special miner which we dont have. Now they sell all this shitcoins to you slowly for high prices, but not too fast. These people who like this coin are scammers from the MaxCoin Marketing. This was my opinion to this Coin and I will not buy and not support this like many other miners and exchanges. But do what you want.

@bitcoin_world.de

Did you read the apology the devs put out? https://bitcointalk.org/index.php?topic=457521.msg5046734#msg5046734

Original source: http://www.reddit.com/r/maxcoinproject/comments/1xgo7a/the_launch_wasnt_for_crypto_cry_babies_cowboy_up/cfbany3

Most screwed up coin that I can think of.

BTW Bitcoin world, The coin has pretty much never been CPU mined.  It was GPU mined by devs from the beginning, and by almost everyone else after the first few days.  

Go here and download the revised CGMiner and Cudaminer programs.:   http://dwarfpool.com/max

Problems off the bat:

- No windows wallet
- When they finally did release a Windows wallet, the wallet itself isn't set up to configure itself, like almost every other wallet out there, so in order to get it to Sync, I had to make a .conf file (Not something a non-technical "investor" is going to want to do)
- When they copied the wallet, they didn't even take the time to check to see if they changed the names of the old coin through the code.  For instance, when you encrypt your wallet, the Wallet lets you know if you lose your Passphrase, you won't be able to access your BLAKECOINS.  
- The coin is in a constant 75% attack, with 1gh having approx 75% of the network hashrate, yet no one seems to care???  1gh doesn't even have an advisement to please use a different pool .  Every other coin freaks out when a pool gets 45% of the hashrate.  Pools stop allowing people to join, and actually push some people out.  Yet with MaxCoin it's business as usual.

I believe it's the worst coin ever launched.  But I still mine it.  Lol.  And why you might ask.  Because to many people listen to Max and do everything he says.  I remember sitting with LTC at $2, and BTC around $200, and when Max told his followers to pump, BTC jumped in less than a week to $1000, and LTC followed to $50.  He has tweeted that he wants to pump Max to more than BTC's value, if he does, I am going to Disneyland.  

@Vivisector999

1Gh is friendly pool. They've raised mining pool fees to make people switch to other pools. Efforts are underway at the moment to make mining distribution more even across the board.

http://www.reddit.com/r/MaxcoinMining/comments/1xwl5q/max1ghcom_hashrate_percentage_display_changed/

[Maxcoin] "the biggest development in the crypto space for some time" http://therealasset.co.uk/bitcoin-maxcoin/

Do you really think he's the reason why Bitcoin and Litecoin, and all other coins had that massive jump in November?

Maxcoin was just added to Cryptsy https://www.cryptsy.com/markets/view/152

Max who? Don't get caught up in your own little worlds. Nobody on the street knows who Max K is, yeah sure you might and maybe the friend that you told does, but go ask 100 people on the street and they'll have no idea. If he's pumping, then it's just to the converted.

So what is the long term plan to make Maxcoin a part of everyday life?

I'm not the one who said the comment. I was shocked by the thought and so asked the person if they really believed he was the reason. I had no idea who he was until a few days before the coin launch, and I also doubt that if I went outside and ask 100 people who this Max guy is that I'll find even one person who knows who he is.

I guess at least every Bitcoiner knows the Keiser Report on Russia Today.


Live mining the Maxcoin genesis block on RT ~10:00

http://www.youtube.com/watch?v=_Q684UxfDSU

Where are the days where I got yelled at on the maxkeiser.com comments section each time Bitcoin got mentioned, mostly by silver bugs?


You mean at 18:20 where you can clearly see Assertion failed? :-)

http://oi62.tinypic.com/qn1fk2.jpg

I'm sorry but this was a unique opportunity, they could have done it live, ask Max for a text quote to include, show a RTC with the right time stamp and broadcast that on semi live TV, creating the genesis block and show the result, and announcing it to the world

That little bit of footage right now says nothing

Bad Max, bad.

Well thanks for the correction.

Seems like it is time for the Anti-Keiser-Coin (https://bitcointalk.org/index.php?topic=458860.0;topicseen)

How to get profit on SHA-3, Ant Miner?

Yeah I had a laugh at that failed attempt of a Genesis block creation as well. 

As for who Max Keiser is.  I will tell you I am not one of his followers/regular watchers.  I do know he has a TV show that is based out of London, and seems to talk mostly about economic things in London, but is on Russia Today??  I don't quite understand that part. 

Anyways, he has a huge following I am guessing in Europe/Russia.  Plus a lot of Bitcoiners watch his show, as he usually has quite a few pieces about cryptocurrency in his show.

Anyways, if you go back 3 months.  LTC was sitting at around $2.  BTC was sitting under $200.  This was the first time I ever heard of the guy.  He had announced that LTC was going to $50 on his TV show, and it was posted on the forums here.   I laughed because I don't think it had ever been above $5.  I was heading to Vegas for the weekend, and decided, just in case something crazy happened while I was gone, I put 60 LTC for sale for $10 a piece.  5X more that the going rate.  I got back to find my LTC sold at $10 a piece, and the price was sitting around $50.  It could have easily been something else.  Not sure.  But I knew (After essentially loosing $2000 profit) that weekend, that if he ever called something crazy again, I would listen, as I do think he has a lot of followers with deep pockets.

From what I have read about him, it seems he is kind of like the Howard Stern of the Economic World.  He is quite opinionated, and isn't afraid to say things that could end him in trouble. 

He actually used to run a media company out of the AP office in Paris and moved to London last summer, probably because of the better links to the finance world. After a failed pump and dump of silver ("crash JP Morgan, buy silver") he jumped onto the BTC wagon and is riding that one out

He is a frequent guest on a few shows as an opinionated expert and he is always fun to watch. I'm a big fan! You can see him on RT (Russias answer to CNN) but also on Presstv (Iran) and the BBC. That is probably because he was hanging out with the AP people in Paris (their co-producer) who pimp him out to whoever is desperate for a last minute guest

Do NOT trust the maxcoin-qt windows program!!! I have been waiting over 1/2 hour for my transfer to show up. It still says " 0/unconfirmed".

Buy another coin. Stay away from this one.

Wallet instructions http://forum.max-coin.net/index.php/topic,19.0.html

There seems to be an issue on Windows 8, however. A fix should come soon.

@yottahash

Who's we? Are you talking in the name of some "collective" or do you have two dicks, two heads or something?



You forgot to post best Maxcoin/hitler rant yet:
https://i.imgur.com/JLjwqig.png (http://www.youtube.com/watch?v=46zViCNljcs)

A website tool that converts Maxcoin to BTC and fiat currencies.

http://www.convertmaxcoin.com

Thanks for the instructions but I had already synched the program and had even deposited to my wallet previously. With my previous deposit the indicator showed almost immediately that there was a transaction in progress.

With the withdrawal it took almost an hour just to show that a transaction was started, even after synching. It eventually went through.

I've used several wallets and none had exhibited this behavior. They all showed an indicator almost immediately.

Did you withdraw from an exchange? If so, which one? Or was it a mining pool?

I've made made few withdrawals from two exchanges and deposits without a problem.

This was from an exchange. Perhaps I need to clarify. I was withdrawing from my client and depositing to the exchange. Sorry for any confusion.

Some exchanges take a while to credit deposits. It's an exchange issue in many cases. I've heard it can take hours for Cryptsy to credit certain deposits.

+1

I'm not "one of the devs". Just someone with an interest in combating the trolls and those with hidden agendas. There are plenty of those on these forums.

Well it's still worth something

And if you believe the devs and Max dont have some youre nuts

For a coin that came from a respected bitcoin fan i thought it could have done a lot better.

This can be a lesson for other coins to learn. Do not scam people by having a messy launch. Not very happy :)

How do you calculate max coin per day based from hashrate and difficulty or something like that?

everyone who was waiting to mine on the day of launch knew well beforehand that MaxCoin would generate a lot of interest. why should an exchange owner worth his salt be any different?

I was there on day one.. does that make me part of the conspiracy?
I've been critical of the entire process but hey if there is money to be made then I'll mine it honestly...

Herp obviously has skin in the game but does that make him part of the dev team?

I don't think so.

There is a reason why the devs aren't talking on the forums.. and that is so they don't have to deal with the fallout from the launch debacle..
I doubt anyone would willingly come online to face the abuse waiting for them from angry windows users, so why would Herp if he was part of the dev team?...
clearly those guys are only in it to make money so from their perspective they don't have to answer to their critics.

my guess is Herp is either a pool operator or a miner and that is motive enough to pump...

We might be looking at biggest development in Maxcoin to date coming out tomorrow.

Startjoin https://www.startjoin.com/register-your-interest Maxcoin crowdfunding site to be launched tomorrow.

http://youtu.be/YSahlK5ab9w

https://twitter.com/maxcoinproject/status/436100373674078208

actually those videos sum up YOUR thoughts.

you are one of a million reddiots that popped up here few months back and decided to take over this place like it's 4chan or something.
It used to be typical to have a conversation and not just post meme jpeg's, video links and shallow snotty one liner comments.

If you have something to say why not go to school and learn how to speak and then come back here
and type something out like a big boy. Does that sound reasonable ?

ahhhh no wonder he's been running his mouth to me over time last month lol

or is he a hired puppet coin spammers use or maybe a coin clone buyer that likes to parade around like pro coder
because they paid some other useless no skill douche to copy and paste a github repo and change the icon ?

This Spoetnik dude shows up in every thread where we see Bitcoin Express. Are you guys one and the same? Would make perfect sense. Either that or you are close buddies. I'd opt for the 1st though.

https://twitter.com/pockiouk/status/436539833453133824

I wish there were more pools like 1gh, im sick of having to register everytime I mine a coin. If other pools were the same then we would likely see more decentralisation

Your posts also speak volumes...   :P ;)

i have gravitated to liking that guy because he ends up saying what i am thinking a lot. lol
many of us have a lot of similar views on things.. and BCX is his own man he does want he wants how he wants and i can respect that.
i may not agree with all his decisions on things but so what i am a mature individual and here for the same reason as him..

but is this high shool ? do we have to ramble on like children about who likes who or who's cool on every topic ?

the Doge coin crowd personifies what bothers me last few months in Crypto.
a flood of lippy 4chan brats going all reddiot on us here crushing Bitcoin talk with useless garbage like meme pics..
people always posted them but it's gotten a 1000x worse since this got popular and most of you decided to show up. (with your new gpu's you jacked up prices on all over)

a ton of you don't have the ability to stay even remotely on topic and abuse this forums lax rules..
if it was up to me i would ban the living shit out of most of you kids here for simply posting retarded garbage.
and the sticky saying just that proves my point 100% too, the staff here agree and had to put their foot down and say enough is enough.

and remember many of us are double or triple or more your age AND we are entitled to having a mature conversation
just as much as your allowed to run around acting like spoiled brats out of control with a wad of cash / btc.
I really think little shits online forgot who they are talking may be someone who was a computer god even before they were alive.
When you spend decades learning, building experience before some little shit was even born yet it's irritating having to be lipped off by one.

You know you guys babble on about your special little communities but wake up call kids.. there is one community and it's call Bitcointalk
this is not school and we don't to have little clique's of cool kids acting like bullies & shit.. Oh noes the Doge kids don't like Panda kids !!! quick get on Facebook about it..
I don't care who you are or who's dating who.. get it ??

now what the fuck was this topic about in the first place ? can we get back to it or should we add a who likes Spoetnik or BCX poll ?
quit being brats and grow the fuck up !

I'm not denying that, I appreciate BCX too. I just see that there's some amusing drama around this coin ;D

it would seem you need to do some more reading.. SHA3 Keccak ASICs already exist. its only a matter of time and scale before they are deployed en mass against coins like MAX
even changing the PoW may not work because multi-algo asics exist too and there are only so many secure Hashing algorithms one can safely use..
.

Indeed and no matter how you slice it this is an advantage over many other coins even if uber super ASICs will come to market at some point.

don't forget to vote for maxcoin here https://www.coinpayments.net/vote-thanks

Just another P&D coin. I'm sure it will die in the next few months.

The 1st post you make on this forum. Right. ;)

He'll be on Alex Jones today talking about Maxcoin. Trying to talk down the coin to get some bargain prices?  ::)

Right. No need to spread lies and crap.

How many Maxcoins did you buy after starting that bashing thread?

10k 20k 30k?

So how many coins did you buy or intend to buy? You dodged my question.

Do you really expect people to believe your ridiculous statements?

http://i62.tinypic.com/24zyz4x.png

It's about 0.0002 now.

Too bad, it is a nice idea, and saves energy compared to ltc.

Why is this coin doing so badly when Max is still talking it up? He was recently suggesting it'll be the most advanced coin in the next update. I guess he can't drop the act now, because it has his name on it. lol

and there it is, the most crapcoin of all sub 20000 satoshi. target price 500 satoshi in 5 months. maxkeiser greatest buffoon of all time. don't mess with cryptos. he did and got burnt, and along with him a large community of people who now hate him bigtime. burn maxkeiser burn! your reputation is now gone. actually there's something more you can do to crap onto yourself even more: launch the stacycoin. do it, you buffoon of a joker!

So a few facts here:

There was a great hype initially that drop price to unrealistic levels, result of which was being the prime target of most miners as most profitable coin to mine for quite some time. Max, Stacy and friends put quite a lot of their own BTC stash into it.

Yes, price crashed, however devs are active and working on development. Maxcoin adoption keeps increasing.


Moolah added Maxcoin recently https://twitter.com/moolah_io/status/444206796677586944

Can price go lower? It's possible but devs and infrastructure is here to stay and growing.

We'll have to check back on this in a few months time and see the results.

When sentiment becomes overly bearish, buying opportunities arise.