Beware, possible AERO manual coinswap scam in progress That link will most likely show up on the google results underneath the link to this thread. Hopefully this link prevents anyone from losing money during this pump and dump scam. First of all.. People seriously had an unreasonable amount of time to make the swap. The fact that you didn't swap screams that you have been paying 0 attention to your investments for EXTENDED periods of time. Aero has done nothing to ensure transparency. It's impossible to answer questions of where the coins came from. If the AERO devs want to premine 100% of all the coins then just do it without trying to cover it up. It's perfectly fine to be 100% premined. Many coins do this and are successful. What happened that a made the old wallet forward-incompatible with the new wallet? |
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Most people are senior members.
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That link will most likely show up on the google results underneath the link to this thread. Hopefully this link prevents anyone from losing money during this pump and dump scam. |
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These are good guidelines so far.
I will not buy any coin that has engaged in one of these manual coin swaps.
I would not advise anyone to buy into a manual coin swapped coin. Whether you win or lose on value, it's not good to be involved in such a thing. Many people consider a manual coin swap to be robbery. |
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Crypto Watcher [AM] AeroME | formerly known as [AERO] Aero | 100% PoS | Anonymous Sending SCAM Alert level is currently low AM AeroMe is low level risk of executing a scam know as the "manual coinswap". How does the "manual coinswap" scam work?1) Create a new coin that is 100% premined. 2) Ask for users of the old coin (Aero) to exchange their coins for the new coin (AeroMe) before a deadline. 3) Burn or keep all unclaimed new coins (AeroMe). 4) Pump AeroMe. 5) Release a new feature to generate news and buy support. 6) Dump AeroMe. ---------------------------- For your safety, The following guidelines should always be followed when performing a coinswap. Transparent Coin Swap Guidelineshttps://bitcointalk.org/index.php?topic=880220.0---------------------------- |
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I have an Aero paper wallet from 4 months ago.
What is AeroME?
I've been looking into things and it looks like AERO did a manual coin swap that has now expired. Is this correct? My AERO is now worthless? |
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I have an Aero paper wallet from 4 months ago.
What is AeroME?
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That means we need to compliment the reward schedule with a reason (like investing in actual tangible hemp or futures) for the price to be competing for the MP's attention. That's when you know the coin is popular and stable enough.
I'm sure this will happen one day. It might take years.... might happen tomorrow. |
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Another thought,
There are still lots of hempcoins left to be mined. I think this was really good. We can now extend the POW mining period for a long time. My thought is to decrease block reward to 10 coins for the next 3 years. Then 5 coins for awhile. Then back into a block halving.
I see some benefit to allowing miners to successfully mine coins for many years without there being a thought that they "missed out" because they didn't mine earlier.
future years on current schedule:
1 -> 62.5
2 -> 31.25
3 -> 15.625
4 -> 7.8125
5 -> 3.90625
6 -> 1.953125
7 -> 0.9765625
...
10 -> pretty much 0
I think cryptocoins are still 3 to 5 years away from being something huge. I want there to be something to mine at that time when hempcoin really needs POW miners.
I think halving is kind of a dumb idea. Why do people do it? at some point when we get down to 1 coin block reward it should never go below that. There should be a point where block halving stops. Sometimes people even increase the block rewards. Are you thinking that we should drop the POW block reward and extend mining more evenly over the next 20 years? If it takes 5 years for THC to get popular... POW mining would look like a scam to me. After 10 years POW is just stupid. Better even out the block rewards over the next 15 years and have minimum 1 coin reward for the next 100 years. Yes I think have it more evenly spread because once crypto is mainstream there will be no mining left for THC. THC is a valuable thing. We have to be smart about planning a 5 year, 10 year, 20 year, 50 year mining payment schedule. I think there's something like 110,000,000 coins left to be mined. The non competitive low mining difficulty is already a large early adopter bonus. assuming 500,000 POW blocks a year I like: 5 years at 10 coins = 25,000,000 + 10 years at 5 coins = 25,000,000 + 20 years at 2.5 coins = 25,000,000 + that leaves 70 more years at 1 coin block reward. I like that, the long term block rewards make sense to me. This might have a negative effect on the short time mining over the next year though. The mining difficulty of 3 might drop to 0.3. There would need to be POS blocks confirming that the POW blocks are not trying to do one of those 51% attacks. |
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Another thought,
There are still lots of hempcoins left to be mined. I think this was really good. We can now extend the POW mining period for a long time. My thought is to decrease block reward to 10 coins for the next 3 years. Then 5 coins for awhile. Then back into a block halving.
I see some benefit to allowing miners to successfully mine coins for many years without there being a thought that they "missed out" because they didn't mine earlier.
future years on current schedule:
1 -> 62.5
2 -> 31.25
3 -> 15.625
4 -> 7.8125
5 -> 3.90625
6 -> 1.953125
7 -> 0.9765625
...
10 -> pretty much 0
I think cryptocoins are still 3 to 5 years away from being something huge. I want there to be something to mine at that time when hempcoin really needs POW miners.
I think halving is kind of a dumb idea. Why do people do it? at some point when we get down to 1 coin block reward it should never go below that. There should be a point where block halving stops. Sometimes people even increase the block rewards. Are you thinking that we should drop the POW block reward and extend mining more evenly over the next 20 years? If it takes 5 years for THC to get popular... POW mining would look like a scam to me. After 10 years POW is just stupid. Better even out the block rewards over the next 15 years and have minimum 1 coin reward for the next 100 years. Yes I think have it more evenly spread because once crypto is mainstream there will be no mining left for THC. THC is a valuable thing. We have to be smart about planning a 5 year, 10 year, 20 year, 50 year mining payment schedule. I think there's something like 110,000,000 coins left to be mined. The non competitive low mining difficulty is already a large early adopter bonus. assuming 500,000 POW blocks a year I like: 5 years at 10 coins = 25,000,000 + 10 years at 5 coins = 25,000,000 + 20 years at 2.5 coins = 25,000,000 + that leaves 70 more years at 1 coin block reward. |
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Another thought,
There are still lots of hempcoins left to be mined. I think this was really good. We can now extend the POW mining period for a long time. My thought is to decrease block reward to 10 coins for the next 3 years. Then 5 coins for awhile. Then back into a block halving.
I see some benefit to allowing miners to successfully mine coins for many years without there being a thought that they "missed out" because they didn't mine earlier.
future years on current schedule:
1 -> 62.5
2 -> 31.25
3 -> 15.625
4 -> 7.8125
5 -> 3.90625
6 -> 1.953125
7 -> 0.9765625
...
10 -> pretty much 0
I think cryptocoins are still 3 to 5 years away from being something huge. I want there to be something to mine at that time when hempcoin really needs POW miners.
I think halving is kind of a dumb idea. Why do people do it? at some point when we get down to 1 coin block reward it should never go below that. There should be a point where block halving stops. Sometimes people even increase the block rewards. Are you thinking that we should drop the POW block reward and extend mining more evenly over the next 20 years? |
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I like the "migrate to NeoScrypt/POS coin" idea right now.
Just make sure that all wallets for forward compatible. Every wallet that someone has today should still work in 5 years and have their coins in it without them doing anything.
Me too. Making wallets forward compatible is easy, but... one would need to make script that will snapshot balance of all addresses and than send it to same addresses on upgraded wallet. I would say killsig would be the person to do this but I haven't seen him around here much. If he doesn't show up in the next week or 2, I will do it. First step would probably be making XML (or whatever machine-readable) file with all non-zero balances. Then publishing this list, verifying it by community and then run another script that will send same amount to those addresses. I found a blockparser for bitcoin that tells exactly this in one of the features: https://bitcointalk.org/index.php?topic=940541.0I wonder if it works for POS/POW coins though. |
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Another thought,
There are still lots of hempcoins left to be mined. I think this was really good. We can now extend the POW mining period for a long time. My thought is to decrease block reward to 10 coins for the next 3 years. Then 5 coins for awhile. Then back into a block halving.
I see some benefit to allowing miners to successfully mine coins for many years without there being a thought that they "missed out" because they didn't mine earlier.
future years on current schedule:
1 -> 62.5
2 -> 31.25
3 -> 15.625
4 -> 7.8125
5 -> 3.90625
6 -> 1.953125
7 -> 0.9765625
...
10 -> pretty much 0
I think cryptocoins are still 3 to 5 years away from being something huge. I want there to be something to mine at that time when hempcoin really needs POW miners.
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I like the "migrate to NeoScrypt/POS coin" idea right now.
Just make sure that all wallets for forward compatible. Every wallet that someone has today should still work in 5 years and have their coins in it without them doing anything.
Me too. Making wallets forward compatible is easy, but... one would need to make script that will snapshot balance of all addresses and than send it to same addresses on upgraded wallet. I would say @killsig would be the person to do this but I haven't seen him around here much. The block explorer is great and I'm sure he has way more knowledge on this topic than I have. If he doesn't show up in the next week or 2, I will do it. |
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I like the "migrate to NeoScrypt/POS coin" idea right now.
Just make sure that all wallets are forward compatible. Every wallet that someone has today should still work in 5 years and have their coins in it without them doing anything.
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I wrote some transparent coin swap guidelines a few months ago. https://bitcointalk.org/index.php?topic=880220.0I believe if they are followed that any sort of switch is possible. I don't really any ideas on what the best way to go is. POS seems good. POW reward is dropping so it doesn't seem that bad. 50% POS blocks and 50% POW seems fair. Maybe do two block halvings so that POW mining can happen over a longer period of time like 10 years. Then do 50% POS blocks so that even if someone tries to 51% attack the weak POW it has no effect as half the blocks are being POS created. I'm fine with any idea. I just want POS fixed by like April 20th. |
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How many trees are left for sale?
Someone came in and bought 40 trees and I think most were sold. So dev will have a much larger % of the coins now. Hopefully she will be motivated to make this big. 40 trees * $150 a tree (at today's prices) = $6,000 worth of unprocessed trees. That was a sweet deal for whoever bought them. A nice retirement plan bonus in 20 years. |
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How many trees are left for sale?
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