This one came up 5 days ago. It isn't even worth it to discuss the "features" for it is a typical coin of the ones that come out at still increasingly rate every day. Nothing technicaly different or appealing from the many similar -and superior- already established. But, of course, it has a gimmick: a POS (proof of stake... the other meaning will become apparently soon enough) with a max 1 million coins. 500,000 to start and, presumably, the same amount to support the 5% interest the skating will bring you annually... until the 500,000 is reached. After that... well, who's even thinking here even to the day after tomorrow... it's only the idea of "the (proverbial) long haul" to sell those who don't know better, how to part quickly with their money.

OK, besides the gimmick, this coin has a dev who no one knows and who is anonymous. Since Vericoin and PinkCoin, why on Earth would you invest your hard earned money in a coin of whose developer/s you know absolutely nothing about, when you have those two excellent alternatives -and many others-? Well of course it IS your money and you are free to throw it away any which way you choose but it is the duty of this wall to make you and everyone aware of what's out there. And this is simply shameful.

But it's not only that: Would you open a restaurant with just a few dishes, barely a place to si and full of crap -and shit- all around? Of course not. No one would come in. Not to mention that you wouldn't get a license if you didn't have everything at the ready, spotless, fully inspected and fully working... ah but this is crypto, the land of the crooks, so you can open your restaurant (coin) even if you don't have an IRC channel, not even a website... nothing. Hey, you are in for the "long haul" but in a hurry beyond belief so, since you can, you just open the doors and voila...

The voila is that the coin, initially bought by not the smartest guys in crypto up to over 75k sat, is trading now under 5k, roughly 95% from those initial highs. And with a market cap of less than 30 BTC, you can count this one as gone for all intents and purposes. As a MATTER OF FACT COINS WITH A VERY REDUCED FLOAT, ARE ALL gone or semi-gone, from 42 to 365 and every other one using that same gimmick in between.

This one, as you can corroborate reading their ANN thread, also sports accusations of pre-mine or hidden mine... which the fall in price has made totally irrelevant. True or not, this is not even close to be ready for market and should and will quickly disappear.

OK, after you resist the temptation of "buying low" here, get a look at the new standards: Devs have to be identifiable, with real names and bios out. There's only one valid reason for devs to want to remain anonymous: Not clean intentions. Pure and simple. All the rest of excuses are rubbish. Discard thgem and invest in people who have an identity and a place where they can be reached... as well as some tech -or otherwise- credentials. If the dev cannot offer at the very least this, you simply should not give them your money. Pretty simple. Devs also must be 100% transparent. To the point to let everyone know how much % of the coin they own. This is, BY LAW, obligatory in the real world. BY LAW. Why would you not let know everyone how much of your coin you own? Only one reason: You want to be free to dump it without public scrutiny. NOT ACCEPTABLE. Not anymore. DO NOT accept it. Period.

And finally, if you don't even have an IRC channel and a decent looking website, for god's sake don't even think on launching a new coin. It's SHAMEFUL.

Times have changed. The devs at VRC and Pink Coin feel quite safe putting their info out there. The bar has been raised and there's no coming back. You cannot get away wit unaccountability any longer. But it is both your predicament and your decision. If you don't come out, this will day within the weekend.

Who are you? Only coming out clear, with name and bio, can save this train wreck.

Up to you.

No more lack of accountability in crypto. No way.

http://www.youtube.com/watch?v=NoBFhdeR9PE
 

If it looks and smells like a turd it probably is one.  Why do you think the price is so low for only 1 million coins?  Smart people know they are going to get dumped on.  Unless you're one of those 40 wallets.  Don't buy now.  It should be at 3k satoshi in a few days.  Here is a list I've compiled so far.  

- New dev
- No richlist
- No website (a month and a half since launch and can't afford a wordpress website?)
- No FB page
- No IRC

All of this wreaks of no accountability.  This will be my last post here.  I'm was just trying so save the newbies.  Good luck.

Well, irc and hangouts are good example of contact dev + community/investors. We just saw what happened with aegis right? Many devs can learn from veri devs how to do this PR. ppl are scared to invest when they know nothing about devs (not a big suprise right?).

sounds good, can we make official irc channel where we can talk with each other and when we can meet devs? do u consider any "famous" google hangout? (it help alot with with trade performance if done well) any update about windows wallet (sync problem etc)?

machado here we are speaking about instamine, this coin is started whitout wallet and pool for like 1-2 hours and now the dev is say this


dev say there is not instamine and the first 100 block are coming out in 1h40minutes, and 430 in 12 hours. im here at launch, dev is lie. i posted above the block, time and diff. check this https://bitcointalk.org/index.php?topic=696243.msg7916002#msg7916002

and the first 6 page in this topic dont lie

The problem i have with arcoin is the distribution. I would say 7 addresses hold over 200k coins.

Admin, why your Linux makefile are not give permission to compile?

I told you, I give up.

The blockchain does not lie.

Enjoy.

You are complete liar! Each address shows they mined minimum 2days period. Where blockchain shows coins comes fom only from block 1,2,3,4,5

I see there are comes from many blocks and different blockheight & timeframe.  

+1

The wallet downloaded all the blocks but still says its not in sync and on the right it shows the transaction i sent last night but on the left my balance is zero

Why wont my wallet sync? are there some nodes im not seeing?