Bitcoin Forum

Well once again a dev dumped a huge premine.  Bittrex why did you add a coin like this?  I don't get it.  You know the guy will dump and rob a few people then leave.  Why did you list it?

The coin didnt had a hidden premine. The premine was up in front of all so u cant really blame bittrex for a bad dev

DIRTY PROFIT

why did you buy it?

Why do you guys blame this on the exchange?  It's just stupid.  I have been going into some of the threads asking for the dev to post his real bitcointalk screen name and it must be older than a few days. I did this in the Onyx thread and I didn't see anyone else demand it.  This should be standard. As long as you guys buy XYZcoin developed by XYZcoin (screen name) you deserve your fate.

As expected. :)

Everyone knew this was going to happen right? The entire ANN thread is filled with people calling it a scam, but you guys still did not listen?

As long as people will keep buying these scam coins , devs will always keep on making profits launching one coin after another.

Ahhhh, so THAT's why he didn't want an escrowed premine.

I didn't buy any.  I don't blame bittrex for listing it.  I asked if they saw what we all saw what was there reason for listing it?

They are those morons who ignore warnings and says YOU'RE FUDDER BLA BLA DELETE FUD BLA BLA GOOD COIN etc.

https://bitcointalk.org/index.php?topic=717337.msg8106481#msg8106481

''The premine is there to be dumped at any exchange, the aim is probably shittrex.''

Yep - and the supply of n00b miners wanting desperately to get-rich-quick is a never ending cash cow... unfortunately.  :-\

Its due to lots of people investing in mining equipments just to make bucks and now as they can't ROI , they just dump whatever they can.

This dump was a dev dump he was the only one with 37k coins to dump as only 28k have been minted.  Bittrex is trying to fix this but guys let this be a lesson.  don't mine big premine type coins.  They all have that huge premine hanging over the market.  

https://bitcointalk.org/index.php?topic=720558.0 read this thread it explains why he jumped ship.  He did it before the person he gave 1/3 of the premine could dump it first.

I've lost count of this "lessons".

people are stupid.

the dev will create another coin today or tomorrow .. call it CONYX, do the same thing and the same dumbass people will fall for it again.. and again.. and again..

Already - COCKS.
They will fall on ...  ::) ;D

https://bitcointalk.org/index.php?topic=720684.0

Its the greed to make quick buck , guys who get burnt first time , they want to make recovery next time and get burnt again , so pretty much  a cascade.

Wait, you are mining Whalecoin?  LOLz

Problem is greedy people see a pump happening and scream OMG TO THE MOON GOGOGOGOGO then get caught with their dicks in their hands when the dump happens and they see all their profits disapear because they didn't dump fast enough... greed is a bitch

*Clears throat*  *Starts singing in Frank Sinatra's voice*

BTC

Fly me to the moon
Let me play among the stars
Let me see what spring is like
On a-Jupiter and Mars

BTC

I'm testing every launch when I'm not too late. Just posting info. That's not mean I'm mining or I like this all coins had tested.

I mine every coin for 5 mins when they get releases.  I mine all ninja launches first and read the post second.  I think most people do.  I only pool mine proven coins.  I solo mine every coin.

https://bitcointalk.org/index.php?topic=717818.new#new ;D

My god, you and the others have been so stupid investing in that coin and now you are blaming bittrex? go to read the first 4 pages of the main thread! blah

Why you are so sure that's not part of Bittrex team?

Oh shit son! full on conspiracy theory!

Well. I'm sure good conspiracy will work if it ridicule on public. Then people will not belive in truth, and conspiracy will succeed.

good work by the op.

he warned people multiple times.

the corny dev knew his game was up.

so at least the losses were minimal.

quit supporting shitcoins everyone!

http://www.linkedin.com/in/carsenk



https://i.imgur.com/NIpRBxn.png

How many scam coins were launched last month? 20? 30? I lost count...

What Did i tell you? Nobody listened to me..  I even posted it on the second or third Page..

Typical carsen scam coin.

I was just wondering why dedi was also in..  Well.. Never mind

Yup, saw you call it.

independent internet professional.

indeed.  ;D

Dude everyone knows I have been busting this and other coins like it out not investing in them MY question is valid.  Bittrex isn't stupid.  Why add a coin with such stupid specs is all I was asking.  I am not blaming them for shit you retard.

https://www.facebook.com/carsen.klock


https://i.imgur.com/oHI7ABp.jpg

There are your funds, bro's :D

man, the exchanges don t care anything about us, they make money and that s all. Escrowed premine is the way and if you don t agree you are a dev for sure!

I think escrowed premines don't work because the people escrowing can take it.  They can also stop the dev from using it.  He who hold the premine controls the fate of the coin.  

Foundation wallets limit the mount of coin the dev receives over time forcing them to keep supporting the coin.  As you can see not many devs have use it.  A few that did had very good results.  But they were devs who wanted to support their coin not run away.

Donations is another thing that can work.  Cloak had like 36000 coin in donations I heard.  That's like 93 btc at the current price.

seedtrue
Sr. Member
****
   Re: [ONYX] Onyxcoin : X13 : Long PoW Phase! Fixed Rewards! Ninja LAUNCH! *a new gem*
July 30, 2014, 11:53:49 AM
 #8
you premined 15,000 blocks?
Pass


seedtrue
July 30, 2014, 12:05:14 PM
What I mean is the equivalent of 15,000 blocks  10 coins per block * 15,000 = 150,000(the 1% premine) = about 10 days worth of mining


shwin
July 30, 2014, 12:13:05 PM
yes but you have the 150 000 coin right NOW and you can dump RIGHT NOW.

thquan819
Jr. Member
July 30, 2014, 01:04:08 PM
1% premine of 2.8 year  Huh.  1% premine = 150,000 ONYX = 15,000 block ( block rewards: 10 ONYX) = 11 day all mining  LOLLLLLLLLL Huh Huh
DO NOT MINING SHIT COIN,  I'M OUT

unlock.mk
July 30, 2014, 01:17:35 PM
 #44
Take a fact that normal miner can mine at most 3 coins at days and you have ready 150,000 ? pffff

kryptologist
July 30, 2014, 04:43:33 PM
 #88
Just a heads up, this dev will have over 50% of all coins even after 10 days of mining, slowly diminishing to 1% over 2.8 years. Only after like 1000 days will the premine be equal to 1%. Dev premine 150,000 coins.. you only get 10 coins per block.

UserAlter
July 30, 2014, 04:44:54 PM
Delete message  #89
Premine 150,000 coins  Roll Eyes

Total bounties 2,950 coins  Roll Eyes

Block rewards 10 coins  Roll Eyes

Pointing all of my miners!!!  Grin

Thank You Very Much for fair launch and great coin!  Tongue

ocminer
July 30, 2014, 06:24:23 PM
 #104
Hey Carsen how are you doing ? Smiley

Next coin already  ?



--------These were only few posts from original OP though more than enough red flags!---------

 ;D

Premine should be shared among different escrows and new reputable escrows are required. we can create new kind of rewarded jobs. And if u are following the bitmark project, reputation will be more and more important and there will be rewarded. yeh, there will be a risk but maybe do you invest all yoyr money in an unique coin? i think not. the same for dev. I prefer to lose the 10% of the premine, if one of the escrows runs away, rather than lose all my investment when the dev runs to bahamas. we MUST to find a solution for to keep alive this business.

I just offered 2 reasonable solutions donation model worked for cloak they got 93 btc worth of cloak donated. And foundation wallets that force devs to keep supporting the coin.  Fuck escrows.  I wouldn't trust them more then I trust a dev and neither should anyone else.  People sell out for money everyone day.  No one can be trusted.  That's why the 2 solutions I gave are a good way to force shitcoin devs to step up their game and make better coins while supporting them long term.

Soooo the dev runs off and dumps the premine you've got 100% chance of a loss

Use a reputable escrow that is in the hands of the community, that sounds a bit less than 100%.

Better yet since you feel its a bad idea, guess what you don't have to put anything into the coins that use the escrow

To further this point, there have now been countless successful escrows for IPO's.  How many times has a trusted escrow run off the with IPO funds?  I can't remember a case where this has ever happened.  How many times has a dev run off with a premine?  Definitely not the same scenario.

What else do you guys expect?

Name it as ONYX style.

Include the following in your checklist for scam coin check before mining/buying and move on.

- Not ONYX style

 ;D ;D

Escrows are just people lets call them what they are.  They also are not under any governing body that can stop them from stealing a premine.   So why on earth would a dev trust them?  Devs make coins guys.  They control the premines so they can spend them as they see fit.  The solution is end premines.  Use donation models and foundation models.  It forces devs to work instead of scam.

Another scam   :(  So what to mine this days? Old coins are not profitable anymore. Every new coin is a scam coin...looks like that days of mining is over...  :(

Reject the scam coins, don't buy them, don't mine them,

 and you will see good coins popping out.

exactly.

quit accepting this shit as reality and demand better.

then you will get it.

Right here is the truth guys force these shitcoin devs to make better coins or die.  This is the only message I have been trying to send.  If they make some better coins miners can profit also instead of just scammers and scamming devs.

your solution needs a competent staff of members that have to check the code to avoid hidden premine

you know this is pissing me off, i mine good coins with no bulshit

go to the irc and bring up legit coins

If we stop supporting shitcoins devs will stop making them.  The best thing to do is dime shitcoins out so bad that all investors avoid them.  This will force devs to make better coins.  YAY we all profit.

how much did the dev made? By the looks of bettrex charts its like 1.6 btc?

Also was it a hidden premine or an obvious one?

1btc and no he dumped 27% ish  of his huge premine.  There was no hidden premine.  That's why I can't explain why bittrex would add a coin that clearly had bad specs like this.  It is kinda dumb on their part.  They say they add coins the community wants but if they read threads they would see the community didn't want it a few people did.  Also adding coins with a modded thread shouldn't be done by any exchange.  How can an exchange know what the community wants if it is being deleted?

He might spend 1 btc to hire someone to code the coin, so 60% return  ;D ;D

No, this is Carsen...He clones the shitty code himself.

this is your first clue people:

unlock.mk
July 30, 2014, 01:17:35 PM
 #44
Take a fact that normal miner can mine at most 3 coins at days and you have ready 150,000 ? pffff

no reason for that other than for them to dump. boycott this shit as in DONT FUCKING MINE IT!

Was a straight clone of BoomCoin I think - with some minor param changes

and Carsen i know you will read this, my brother works for the fbi cyber criminal division and you can bet your ass i will be giving him a call to hunt your ass down for me, what happens after that lets just say will be beyond the laws reach. im coming for you you fucking puke and you aint going to like it much

No need to "track him down" you can find the place he currently works at on the linkedin profile I posted. Google search will bring up his employers physical address.

dev is a total idiot, he couldnt even pull off his scam  correctly

TOTAL DUMBASS!!! HA HA HA ;D ;D

interesting. wonder how his employer would react to " the other carsen"?

time to find out. :D

yep

yep. 'let the market decide' is an argument that suits them but keeps scamming coming.

they are hosting a scam every fucking day. quit being so naive people.

these guys dont give a shit about site security. they want to cater to theives?

what the fuck?

Just realized the main ANN is locked now.

selling premine for 1.3 BTC, how hilarious

Did they learned "the lesson"?
I see now in some coins threads with premine + self-moder exactly the same "fudders bla bla delete fud good coin" etc.
You know what? Fuck this morons. Hope they will lose all money on this shit.  ;)

Oh come on! It's stupid, onyx was an easy scam... How can you believe them?

A good lesson for premine coin..

Pump and dump happens in regulated markets too though.

The problem here is scammy people that know exactly how to do whatever they want and get away with it, and crypto is full of people who fall for it every time.

Bittrex is just the messenger, they merely provide the market platform on which these scams play out.

I'm surprised to see them listing IOC for instance, something tells me that one is ripe for a revelation too, but I am glad to see that LXC got listed- its dev took a major gamble in delibrately keeping it from being listed for so long.

LOL, among all the other things carsen is terrible at, we can add being a terrible rapper to the list.

https://www.youtube.com/watch?v=XRpEmLsTWc0


https://i.imgur.com/Bmv7NVn.png

what an odious little toad.

dude really needs his ass kicked. for the rap and the ripoffs.

What did you expect... mine coins with real devs. Look at my signature :D

Hmmmmmm. Looks like one you should be just soooooooo proud to take home to mama LOL  ::)