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Title: [PRE-ANN] ↑ Up Coin ↑ Always going up! Ever changing algorithm ↑ JOIN HERE! Post by: UpCoinTeam on April 01, 2014, 05:51:58 PM SOCIAL Official Site (http://upcoin.co) Twitter @UpCoin (https://twitter.com/upcoin) Facebook (https://www.facebook.com/upcoincrypto) ABOUT UP COIN Up coin is the latest cryptocurrency developed by a team of hardcore miners, traders, developers and social media managers. Upcoin will reward all traders and miners that hold their coins by increasing it’s value over time. We solved this problem by making unique algorithms that change over time, instead of having fixed time and block rewards with the same difficulty overall. The algorithm changes happen from every few hours till one week time. There will be no more than 7 days without the code adjusting itself. All this to ensure UP as a safe investment for you. http://i.cubeupload.com/Xojis9.png “Up Coin uses unique mathematical algorithm to reward miners and traders over time. It’s what crypto community needs right now!” WALLETS http://upcoin.co/wp-content/uploads/2014/03/windows-icon.png Windows Coming Soon! http://upcoin.co/wp-content/uploads/2014/03/osx-icon.png Mac OSX Coming Soon! http://i.cubeupload.com/cxEW81.png Linux Coming Soon! http://upcoin.co/wp-content/uploads/2014/03/github-icon.png Source Code Coming Soon! DETAILS POW ALGORITHM Scrypt-N. More ASIC resistant algorithm. COIN SUPPLY Rare coin. 300000 Total Coins. BLOCK TIME Ever changing. From 20 seconds to 10 minutes time, the block time is constantly changing and going up! This is done via steps in code so it’s not a drastic move. We want to ensure that your investment always goes up with the coin. BLOCK REWARD Many coins use a drastic way of block halving. It is proven that is not the solution. Instead we used a mathematical solution to change the block rewards according to the block number, block time and the sum of all hours mined. Doing a range from 4.1 to 0.1 coins per block. Early blocks are 0.001 UP to prevent instamine. MATHEMATICAL ALGORITHM Unique mathematical equations were done to ensure the coin gets increasing value over time. Invest and let us do the rest. DIFFICULTY ADJUSTMENT We use our own algorithm for retargeting the difficulty. Also the adjustment it’s being fixed over time to ensure to you have a steady and good diff as a investor and as a miner. CONNECTED We have dedicated servers for max connections of the coin. Always making sure that you can connect to the network. SUPPORT & PROMOTION You can have the support from the developer’s team. Our dedicated team is also constantly working on promotion for the coin. UNIT UP http://i.cubeupload.com/ooUqpx.png SERVICES See all the services around UP Coin. Pools, exchanges to buy UP, block explorers, games to make it more fun and mining calculators for the hardcore miners. POOLS http://up.talesfromthescrypt.org More Soon! BLOCK EXPLORER Soon! EXCHANGES Soon! GAMES Soon! CALCULATORS Soon! CHARTS This graphs are done with a stable and low net hashrate, it doesn't include increasing in hash rate that will increase the price even more and quicker. http://i.cubeupload.com/kI0Agl.jpg FAQ How did you get the concept for this coin? We have been many years following the crypto community and have seen all kind of trends. In the team we have long time miners and traders that understand the needs of the community and what a coin must do to be profitable for everyone. Why no UP giveaways or bounties? We have studied altcoin markets for months. And every coin that has given too many giveaways or large bounties are doing badly. Sadly people don’t understand that coins have value and they dump them for nothing causing the people that paid good money for the coins and mined hard to be angry. What about promotion? We have a dedicated team working for promotion. As you can see we have professional developers working on our site. We have community managers doing all sorts of social media: Facebook, Twitter, Reddit you name it. We are also promoting in blogs, forums, crypto press sites, IRCs, and other languages. What happens when more ASICs enter the market? We welcome them; our code is written so it uses scrypt-n and it’s ASIC resistant. What is scrypt-n? It’s a better scrypt algorithm that works in favor of miners, traders and investors so everyone can have a fair mining experience and will help the prices in the future. Scrypt-N it’s more ASIC resistant type. Just a reminder that when mining scrypt-n you will see lower hashrates maybe half the normal you are getting before, but this will happen to everyone so it doesn’t have any real effect. What if I don’t have a mining rig, how can I get UP coins? While we recommend for all holders to buy and mine your coins. You can buy when exchanges accept UP coins. FINAL NOTE: While we can't guarantee that the prices will increase each month steadily we and all the community will work upon that goal. This will be a good experiment and something fresh in this crypto community. Thanks for your support and believing in this great idea. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: RENDERING on April 01, 2014, 05:55:42 PM UUUUUUP!! Cool, looks interesting. I guess I do not understand how you can predict value like that? Does not make sense.
Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: Painful Truth on April 01, 2014, 06:25:09 PM Interesting experiment :)
So launch should be around mid april! ;D Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: precrime3 on April 01, 2014, 06:42:47 PM Looks more like an investor coin :/. It seems much harder to mine, but will still mine! Keep us posted when this coin released!
Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: Acidyo on April 01, 2014, 06:57:51 PM Smart idea! This coin cannot not be dumped, (or that is just extreme stupid if some will)! Love too see all the asics and grid seed owners crying!! Can i reserve 3btc=288coins till i can pay them next weekend? So it can be dumped? double negative. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: crycurex.com on April 01, 2014, 07:00:52 PM Would you like to have your coin listed on www.crycurex.com ?
One of the lowest trade fees - 0.09 % per trade https://crycurex.com/info/add-currency/ Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: qiwoman on April 01, 2014, 07:21:02 PM This looks to be a really interesting coin. I like coins that have a nice structure and active DEV team. :) If you are doing any bounties for translations my Husband would like to take it for Chinese translation of ANN THREAD. Sent pm.. :) I also want to do a blog post and promotion. :)
Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: sitefive on April 01, 2014, 08:18:55 PM Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: Dallas5 on April 01, 2014, 08:20:52 PM Everything looked good until I saw those threadfull 3 letters I P O.
Every IPO i've seen in the past few weeks turned out to be a scam, every f*kng IPO. You don't even use a trusted escrow. If not a scam good luck, if you're a scammer do the right thing and delete this thread. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: sitefive on April 01, 2014, 08:21:57 PM Everything looked good until I saw those threadfull 3 letters I P O. Every IPO i've seen in the past few weeks turned out to be a scam, every f*kng IPO. You don't even use a trusted escrow. If not a scam good luck, if you're a scammer do the right thing and delete this thread. Yet another cheap ipo SCAM Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: gustav on April 01, 2014, 09:01:17 PM i didn't get it. Why is this going up? Because they say so? ::)
Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: Wipeout2097 on April 01, 2014, 09:15:10 PM @Dallas5 and @sitefive: We are sorry you feel this way. It's ok and we understand how you feel. But when we launch in 2 weeks you will see that this is the real thing. No more to say, just wait and see that we launch :) We send you the best wishes and no hard feelings. Nobody cares about fancy promises anymore.We understand that there are many scams and bad things in crypto, currently exchanges are closing or being hacked and lost coins. That's a negative downside. That's the main motivation we had when we thought of up, because we wanted to everyone to have a chance to invest and get multiplied their investment in long term. That's also why we are doing small IPO from 0.1 BTC instead of whales we want to see thousands of people mining and trading this coin. IPO without escrow = SCAM Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: xibeijan on April 01, 2014, 09:15:58 PM Sounds suspicious. You cannot control value of the coin.
Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: neuroMode on April 01, 2014, 09:16:35 PM Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: sitefive on April 01, 2014, 09:24:23 PM Sounds suspicious. You cannot control value of the coin. this, the idea itself sounds like scam as well! I bet the guy doesn't have anything at all ready, just made some logo/texts and already asking for ipo money! No thanks SCAM Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: anonymousxx1503 on April 01, 2014, 09:35:27 PM @Dallas5 and @sitefive: We are sorry you feel this way. It's ok and we understand how you feel. But when we launch in 2 weeks you will see that this is the real thing. No more to say, just wait and see that we launch :) We send you the best wishes and no hard feelings. We understand that there are many scams and bad things in crypto, currently exchanges are closing or being hacked and lost coins. That's a negative downside. That's the main motivation we had when we thought of up, because we wanted to everyone to have a chance to invest and get multiplied their investment in long term. That's also why we are doing small IPO from 0.1 BTC instead of whales we want to see thousands of people mining and trading this coin. Hey last time someone posted a coin that will always go up it was AIRcoin - they had a nice white paper , tons of explanations on trading - way more than you can ever have. Certified investors and shit. They promised a Steadily rising exchange rate https://i.imgur.com/SwVeTtz.png Finally it was just a bunch of university students trying to play the big leagues after getting an econ class. UP looks CRUP , I mean crap. I don't mind the IPOs, I mind the fucking lies to get the IPO. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: DLow on April 01, 2014, 09:47:01 PM We have all ready. Right now doing some tests with diffent genesis and test codes on the instamine-prevention. We will conduct all tests during this 2 weeks. http://i.cubeupload.com/dRmFiS.jpg so, you got any of dem updog? Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: Joshuar on April 01, 2014, 09:53:00 PM This would have been 100000x better without an IPO..
Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: gadado on April 01, 2014, 10:01:52 PM 1. April Joke Coin? ;D
This ... or IPO scam. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: zero3112 on April 01, 2014, 10:04:10 PM Finally a coin where early adopters don't mine all the coins early on. Maybe I have a chance with this coin. Every other coin I barely mine anything.
Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: CoinBreader on April 01, 2014, 10:05:51 PM it's all about IPO isnt it ?
ill mine & dump hard as always! ^^ then move along... Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: Eliovp on April 01, 2014, 10:23:36 PM I still don't get it..
As long as there are imbeciles who believe in those piece of shit IPO scams and not to forget, INVEST IN THEM, well, rather SPONSOR the scammer, then this shit will never end.. It's simpel, People are greedy... they always have been and will always stay!! "In other words, this stupidity will never end..." You have those who "invent" these kind of unbelievably ridiculous IPO bullshit And then there are the ones who think they can get rich quickly by "Sponsoring" these idiots... Well, in fact, not to forget, the exchanges are evenly greedy, they will put the coin up if you sponsor them.. in other words, the "investors".. ha! Ah what the heck, everyone's greedy, you can just separate them in 2 sections.. the dumbasses and the 'not so dumbasses'.. haha Anyway, it always makes my day when i see one of these pass by.. then reading the comments.. hilarious stuff.. Better then watching television.. :D Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: ozie on April 01, 2014, 10:47:33 PM You have to pay 0.5 BTC to get an early mining ticket ???
How much do you want from me to have one hour solo time with the Blockchain prior to official start? But people will still mine this and even worse buy the 0.5 BTC premine Ticket. At least its a well made and creative scam. GJ ;D Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: sitefive on April 01, 2014, 11:10:09 PM You have to pay 0.5 BTC to get an early mining ticket ??? How much do you want from me to have one hour solo time with the Blockchain prior to official start? But people will still mine this and even worse buy the 0.5 BTC premine Ticket. At least its a well made and creative scam. GJ ;D Is this for real? if so looooooooooool Stop wasting our time with these scams!!!! Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: Anthropolis on April 01, 2014, 11:21:59 PM Why why whyyyyy another Scypt-N guy just following the trend pack without any use of brain. Scrypt-N runs hotter, uses by far more electricity, and kills more GPU's than any other algorithm in the history of crypto. If you do not understand this, you need to do your own research and see for yourself.
Why would you or anyone purposely chose this algo when there are many other better algos to chose from? Don't you dare give me that "asic resistance" speech you got from brainlessly trolling other threads. There are other better algos that are just as asic resistant if not MORE asic resistant because I guarantee you someone is working on designing the asics for Scrypt-N right now since there are many coins using it now. Asic resistant just means nobody made an asic for it yet because it can cost over a Million dollars to do properly from beginning to finished product. Other better algos that are just as "resistant" which doesn't really exist as I just said, are Blake algo, X11 algo, SHA 3 algo, Heavy algo, and others. EVERY one of those I listed can be mined far more efficiently, quietly, cooler, and faster than Scrypt-N. These are facts, not just troll information spewed around forums. Facts. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: scam_exposer on April 01, 2014, 11:41:01 PM DOWN!!!!!!!!!!!!!!!!!!!!! with these SCAM COINS!!!!!!!!!!!!!!!!!!!!!!!!!!!
Anyone investing in this worthless scam coin is a fool All IPO will be sold, there will be no coin for us Why would you need any coins when you already sold them to a bunch of fools? Looks like an easy way to launch a coin and not have to wait to dump your premine on an exchange. Anyone that doesn't see this for the SCAM that it is is a fool. A fool and his money are easily parted. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: scam_exposer on April 01, 2014, 11:42:39 PM So this scam just got exposed, it's multiple forum accounts trying to hype up this coin, one with a fake IPO buy(trying his best to show other people he has bough IPO). Bought Facebook likes, bought twitter followers. With a dev who obviously doesn't know what the fuck he is doing. This shit is harming cryptocurrencies and needs to stop. I have been saying that for awhile now. These scammers hate me but i'm not going away. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: WaffleMaster on April 01, 2014, 11:45:54 PM IPO scam anyone?
Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: scam_exposer on April 01, 2014, 11:47:38 PM So this scam just got exposed, it's multiple forum accounts trying to hype up this coin, one with a fake IPO buy(trying his best to show other people he has bough IPO). Bought Facebook likes, bought twitter followers. With a dev who obviously doesn't know what the fuck he is doing. This shit is harming cryptocurrencies and needs to stop. Hey thimo could you point out HOW MUCH btc have you lost on upcoin and exactly how the upcoin developers have scam you? I paid 1 BTC right now and I trust them, I understand that is sort of gambling, but could you tell us your story about how the devs scam you. Please I would like to hear it. If you gave them 1 btc then you're a fool. I'm sure you'll get your worthless coins but this coin will never be worth anything. The only people that will profit are the dev scammers. They already got your 1 btc unless you're just part of this scam and are just saying that. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: scam_exposer on April 01, 2014, 11:49:12 PM IPO scam anyone? Which one? Yesterday's, Today's, or Tommorrow's Ha Ha Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: scam_exposer on April 02, 2014, 12:01:35 AM it's all about IPO isnt it ? ill mine & dump hard as always! ^^ then move along... Who will pay all the votes needed to enter exchanges? I understand that you came here to promote your coin, but this is UP thread. Don't start spamming with posts here to promote your coin with your signature, it's just talks bad about that Sloth coin. The devs seem to know what they are doing, until something bad happens I will give the benefit of doubt and think that all is going to be good. i see, your slottcoin was total failure. you are angry now.. is thimo retarded or something? i believe this coin has smart idea behind it. i want to mine it and invest some on it. that is why i dont like you keep talking shit on other coins. guys like thimo want to kill all coins. Sounds like you're the one that's retarded. These scam coins need to be killed. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: WaffleMaster on April 02, 2014, 12:05:40 AM Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: scam_exposer on April 02, 2014, 12:06:19 AM 1% of IPO ALREADY SOLD / 99% IPO LEFT Use the following BTC Address for payments: BTC Address 1K7ngYmMfKwM67CM97vrw1otPF84g1gaqh ฿ 0.1 BTC 8 UP Coins ฿ 0.5 BTC 40 UP Coins + 4 Up Coins – 10% More Coins Total: 44 UP Coins Early Access to Mining ฿ 1 BTC 80 UP Coins + 16 UP Coins – 20% More Coins Total: 96 UP Coins Early Access to Mining Use the following BTC Address for payments: BTC Address 1K7ngYmMfKwM67CM97vrw1otPF84g1gaqh You're sure advertising your scam. Can't wait to buy that new car with the btc you scam can you? It's obvious that all your after is IPO btc. Now go away and take this SCAM COIN with you. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: edok on April 02, 2014, 12:07:43 AM If it's not a scam, use escrow.
Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: john38474 on April 02, 2014, 12:08:02 AM Escrowed IPO = TRUST! >>> https://bitcointalk.org/index.php?topic=550452.0
Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: thimo on April 02, 2014, 12:13:27 AM If it's not a scam, use escrow. Guys, it can still be a scam. They could still release a client and a day after launch dissappear. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: scam_exposer on April 02, 2014, 12:14:44 AM If it's not a scam, use escrow. Guys, it can still be a scam. They could still release a client and a day after launch dissappear. Exactly. This is an obvious SCAM. Anyone that doesn't see that and loses their btc deserves it for allowing these scams to continue. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: Wubbllez on April 02, 2014, 12:20:31 AM lost me at "early mining access"
(quick reminder) https://bitcointalk.org/index.php?topic=457575.msg5302833#msg5302833 (https://bitcointalk.org/index.php?topic=457575.msg5302833#msg5302833) Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: hankrules on April 02, 2014, 12:38:38 AM https://i.imgur.com/dT3l5Us.png (http://up.talesfromthescrypt.org) up.talesfromthescrypt.org (http://up.talesfromthescrypt.org) Join our pool! (http://up.talesfromthescrypt.org) PROP Payout 1% Fee Scary stable server Support: scryptkeeper666@gmail.com or use the pool contact form Open for pre-registration! Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: zzojar on April 02, 2014, 01:28:45 AM IN other words, you change the difficulty and payout based on the current market price?
Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: illiki23 on April 02, 2014, 01:38:23 AM I cannot believe people are actually interested and supposedly giving these people money.
:( It is clearly a scam. The number of red flags is very high. Too high.. Please think twice before giving these people money. Unfortunately a lot of scams prey on greed and tell people that the sooner the more money they will make, so people are rushed into joining these scams without being able to think critically about them. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: illiki23 on April 02, 2014, 01:39:33 AM IN other words, you change the difficulty and payout based on the current market price? I actually had an idea for an adaptive coin that used machine learning algorithms to optimize certain parameters and lead to growth and stability. (mostly neural networks :D) It would be a dynamic coin that adapts to shifts in the market and learns over time. As it was noted there are a couple other adaptive coins, but none of them are too advanced. Except my idea was for an actual coin, and not a get rich quick scam. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: PuYang on April 02, 2014, 02:09:32 AM up!
Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: anonymousxx1503 on April 02, 2014, 02:25:48 AM This graph is done with a stable and low net hashrate, it doesn't include increasing in hash rate that will increase the price even more and quicker. http://i.cubeupload.com/nbfHov.png Oh wow .. you all the credibility you didn't even have. People stay far far away from this shitcoin. AIRcoin had 10x more reasonable terms and people who probably actually knew a bit about finance and it still went straight down the gutter. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: illiki23 on April 02, 2014, 02:32:55 AM As you can see, the latest graph the dev posted and what he is saying practically proves he is trying to scam everybody.
Potential investors, if you do not have good bullshit detection skills then just trust those of us who are warning you about this operation. If this were not a scam then the dev would not be making such wild promises and claims. If this is a coin experiment the dev would be a little more objective and wait until the results are in. If this was an experiment there would really be no need for an IPO. No coin developer can guarantee increasing value. They are promising a diet pill. The only way to make a coin work is through adoption. Functionality can help this, but really a coin will not gain in value unless people are putting money into it through use and investment. There is no magic formula that can defy the laws of economics. The dev throws some big words around, like 'mathematical', but really his description of the algorithm behind this magic coin is empty. There is nothing new here, nothing innovative, and definitely not something that has been proven to work. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: illiki23 on April 02, 2014, 03:06:03 AM As you can see, the latest graph the dev posted and what he is saying practically proves he is trying to scam everybody. Potential investors, if you do not have good bullshit detection skills then just trust those of us who are warning you about this operation. If this were not a scam then the dev would not be making such wild promises and claims. If this is a coin experiment the dev would be a little more objective and wait until the results are in. If this was an experiment there would really be no need for an IPO. No coin developer can guarantee increasing value. They are promising a diet pill. The only way to make a coin work is through adoption. Functionality can help this, but really a coin will not gain in value unless people are putting money into it through use and investment. There is no magic formula that can defy the laws of economics. The dev throws some big words around, like 'mathematical', but really his description of the algorithm behind this magic coin is empty. There is nothing new here, nothing innovative, and definitely not something that has been proven to work. you seem to know lot of this coins features. where did you get the full specs of this coin? can you post them here? I don't need to know about the features of the coin. You just cannot guarantee the things the dev is guaranteeing. This is a fact. "Upcoin will reward all traders and miners that hold their coins by increasing it’s value over time. " Note this does not say that Upcoin has a good chance of increasing value, they use the word 'will'. There is no mathematical coin formula that will guarantee this. The only way a coin will increase in value is if people put money into the coin. Here is another line: "All this to ensure UP as a safe investment for you." Not the word 'ensure' and 'safe investment'. The owner is making a lot of guarantees. This is a red flag right there. Then add the fact that there is a no-escrow IPO from a newly registered user that encourages people to invest as fast as possible.. It is clearly a scam. The dev is acting like a used car salesman. I mean, look at that graph he just posted and what he said along with it... Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: illiki23 on April 02, 2014, 03:08:58 AM "Unique mathematical equations were done to ensure the coin gets increasing value over time"
Here is another good one. You just cannot guarantee this. There is no magical formula that will force people to invest in a coin. There is not other way for a coin to gain value than people putting money into the coin. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: zjz_lgd on April 02, 2014, 03:23:13 AM another ipo?
why erery coin IPO, i don't like IPO. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: ozie on April 02, 2014, 07:05:01 AM You have to pay 0.5 BTC to get an early mining ticket ??? How much do you want from me to have one hour solo time with the Blockchain prior to official start? But people will still mine this and even worse buy the 0.5 BTC premine Ticket. At least its a well made and creative scam. GJ ;D Is this for real? if so looooooooooool Stop wasting our time with these scams!!!! It clearly quotes "Early access to mining" So i will get one of these tickets and rent all rigs off betarigs to drive the diff into crazy highs before normal miners even allowed to join. Then i will lay back and enjoy the shitstorm going down in this thread ;D Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: BitcoinBaBa on April 02, 2014, 07:18:18 AM MATHEMATICAL ALGORITHM Unique mathematical equations were done to ensure the coin gets increasing value over time. Invest and let us do the rest. Yeah right! Unique mathematical equations , my ass. Why do people even fall for this crap. Another scamcoin trying to fleece money out of the gullible. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: Cryptosapiens on April 02, 2014, 07:38:03 AM Please GO AWAY!!!
Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: herzogzwei on April 02, 2014, 07:38:29 AM Interesting concept, it seems utopia.
Always goes up ;D ;D ;D, jesus christ, devs first at all you must read and understand economic theory!!! Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: illiki23 on April 02, 2014, 08:06:08 AM Interesting concept, it seems utopia. Always goes up ;D ;D ;D, jesus christ, devs first at all you must read and understand economic theory!!! Herzog Zwei was one of the best games ever made on the sega genesis. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: sitefive on April 02, 2014, 12:03:25 PM STOP BUMPING UP THIS SCAM!!!
Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: sitefive on April 02, 2014, 02:00:43 PM STOP BUMPING UP THIS SCAM!!!
Dev has Multiple accounts which he use to reply to his own posts Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO] Ever changing algorithm ↑ Post by: UpCoinTeam on April 02, 2014, 07:39:23 PM THE IPO IS CANCELLED DUE TO NEGATIVE ACTIVITY FORM FRAUDULENT USERS! ALL BTC PAID WILL BE REFUNDED TO USERS.
There is a network of scammers that post bad things about a coin and then demand BTC to erase the posts: scam_expose and sitefive. This is the proof a PM sent to us, now they demand us BTC to erase all those posts: http://i.cubeupload.com/5oOHNX.jpg Now we know what were they real reasons. I hope that maybe that is not the real reason and they can apologise now for the things they said. That will prove them to be not scammers and maybe they were just wrong about us. We are now just going to launch the coin without an IPO. We have erase the IPO from main post. Just to proof these people they were doing lies and trying to make schemes with posting bad stuff then demand BTC to erase the posts. We will launch the coin! As soon as we communicate with our web developer will update the site about it too. EDIT: thimo is not part of this PMs, please don't hold anything bad about him or post bad things in his thread. We wish them good luck with their coin. Our apologies. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO CANCELLED] Ever changing algorithm ↑ Post by: thimo on April 02, 2014, 07:43:33 PM I am reasonable, I will delete my posts.
EDIT: i did not send you anything and there is no network of scammers. IPO is scam, there is no way to make an IPO no scam. Quote There is a network of scammers that post bad things about a coin and then demand BTC to erase the posts: scam_exposer, thimo and sitefive. Delete mine and scam exposers name, we have nothing to do with SiteFive's operation.Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO CANCELLED] Ever changing algorithm ↑ Post by: Acidyo on April 02, 2014, 07:48:01 PM Good job on cancelling the IPO, it's no use any more with all the scammers around.
Will be keeping an eye on this coin. Good luck with launch, etc. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO CANCELLED] Ever changing algorithm ↑ Post by: zero3112 on April 02, 2014, 07:53:25 PM IPO cancelled wow what happened to the people who already paid. SCAM....
Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO CANCELLED] Ever changing algorithm ↑ Post by: Acidyo on April 02, 2014, 08:00:40 PM IPO cancelled wow what happened to the people who already paid. SCAM.... hopefully they will be paid back the btc? Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! [IPO CANCELLED] Ever changing algorithm ↑ Post by: TheMightyX on April 03, 2014, 07:41:07 AM IPO aside, this coin is poorly thought out and promises things it can't guarantee. At the very least, instead of lowering the block reward over time they are INCREASING THE BLOCK TIME! Does no one understand what this means? It means this coin will eventually turn into a slow piece of shit like bitcoin. What is the difference between reducing the block reward/increasing block time and just reducing the block reward twice as much? THERE IS NO DIFFERENCE EXCEPT ONE SLOWS DOWN THE ENTIRE NETWORK!! This is so poorly thought out its actually painful to see not one person has mentioned this in the entire thread. It goes to show that many of you have no idea what the fuck is going on or how these systems work at all. You people need to educate yourselves instead of just investing in the next shiny new coin that comes out. Your blind support of copycoins and scamcoins is ruining the altcoin community and if it continues there won't be much profit left to make on ANY COIN. In the long run you are just spreading us thinner and thinner over more coins that will never go anywhere. Pick the winners, stick with them, stop supporting every piece of shit that comes out just because its new. This is how we ALL profit. Not just the losers who hop from one coin to the next. And then you will ask BTC to erase your posts.. The coin hasn't even being launched and you say your lies talking that bad stuff. Nice try! :) What the fuck did you say to me? Lies? BLOCK TIME Ever changing. From 20 seconds to 10 minutes time, the block time is constantly changing and going up! This is done via steps in code so it’s not a drastic move. We want to ensure that your investment always goes up with the coin. How is that a lie? You intend to increase the block time. You do know what happens when you increase the time between blocks don't you? I don't know how else to put it any clearer: YOU WILL INTENTIONALLY SLOW DOWN THE NETWORK TO DECREASE THE AMOUNT OF COINS BEING MINED. You could achieve the very same thing by reducing the block rewards. For example: 100 coin reward with 5 minute block time (slow) = 28,800 coins per day 20 coin reward with 1 minute block time (fast) = 28,800 coins per day http://www.ludlow.kyschools.us/userfiles/42/math%20is%20fun.gif Call me a fucking liar again chump. You already look stupid, next time you will just look like a lying scumbag. Heres an idea: How bout next time you reply with something constructive instead of just making baseless accusations. Title: Re: [PRE-ANN] ↑ Up Coin ↑ Always going up! Ever changing algorithm ↑ JOIN HERE! Post by: UpCoinTeam on April 03, 2014, 04:56:05 PM This thread is locked, please use this one: https://bitcointalk.org/index.php?topic=555767
Reasons why we needed to make a new thread here, some network of people post bad stuff and then demand BTC to erase posts: https://bitcointalk.org/index.php?topic=553124.msg6039800#msg6039800 |
