Just got this email:


"Dear Compcoin Community,

Compcoin would like to announce that it has upgraded its blockchain to correct a mining issue that was devaluing the coin. Professional miners were mining the coin and instantly selling the coins into the market drastically affecting the price of the coin. Compcoin has corrected the issue, and will allow mining to go forward in a fair and stable fashion for years to come. We appreciate your support, and look forward to a bright future.


Thanks,

Team Compcoin"


That's more proof that I've been telling the truth. Unlike some clowns *cough* log1k *cough*

Now just wait for my other predictions  

Btw, probably don't need to tell you guys at this point but get the cheap coins while you can. Price is correcting upwards in a big way and won't stay artificially devalued for long.

Strawman argument

Holy shit. You must be trolling.

There's no way you actually believe the shit you're saying.

Since when did documents that refute the central premise of your argument become a straw man?

You started this stupidity parade by saying:


Then you got presented hard proof that you're wrong via proof I mined CMP on NiceHash.

And I offered real-time verification if you would put your money where your mouth is; but you still talk out your ass saying "it's photo brushed" - yet you "can't be bothered" to put up or shut up.

_______________________________________________________________________________ __________________________________________________

Let's recap:

• You said I was a "true retard" and "lying" because YOU BELIEVED IT WASN'T POSSIBLE TO MINE CMP ON NICEHASH.
• The reason why: you thought you found some inconsistency based on the source code being Scrypt-N and NiceHash not supporting that.
• I provided documentation to refute that.
• Based on the documentation, YOU LEARNED MINING CMP ON NICEHASH IS POSSIBLE.
• You ask what does it prove now that you've learned mining CMP on NiceHash IS possible?

_______________________________________________________________________________ __________________________________________________

Considering the crux of your argument was that it's NOT possible to mine CMP on NiceHash...

AND NOW YOU'VE LEARNED FROM MY PROOF THAT IT IS POSSIBLE

That proves you're wrong.

I've proved that everything I said previously holds weight.

That I wasn't lying. That the mining attack was scaled through NiceHash. That mining CMP on NiceHash is possible. And that I've done it - with my wallet and screenshots of my order for proof.

***Now you try to back-peddle and say "oh well at least I posted the code," like it was just a wholesome contribution to the community and not a failed attempt to prove your point.***

LMFAO.

What a complete joker.

Internet warrior log1k attempts ad hominem argument, is immediately proven wrong with facts, claims straw man argument, gets told to put up or shut up with a bet on the facts.

What does he do?

He back-peddles tail between his legs - but not before he expresses his self-satisfaction with having copied and pasted open source files!

log1k - is he a troll, jackass, or both?

Stay tuned for his next post and remember, folks, this is what FUD looks like!

Want more evidence? I can send a transaction from that wallet on the CMP blockchain for any amount you specify - thus proving I own the wallet that was in the NiceHash order.

Want more proof the NiceHash order is real? We can do a goddamn screenshare and I'll login to NiceHash in real-time if you think I photoshopped those screenshots.

Amazing the mental gymnastics some fuckers will come up with.

One stipulation though - let's put a bet on it so you can put your money where your mouth is ; say, 1BTC when I prove you wrong? Let's get a legendary member on this thread for escrow. I'll shut you up for good.

  Here we have a perfect example of someone who talks shit but knows nothing


Not only are you wrong, but also you're rude AND a fucking asshole - not a good look, guy.

First off, I MINED 65,000 CMP MYSELF ON NICEHASH - so stfu with your nonsense.

Here's one of my orders from NiceHash:

There goes all your credibility out the window!


Everything else you've said is just wrong and plain stupid as well. I'll continue for the readers and because you were a prick.

_____________________________________

Meanwhile, everything I've said can be verified.
______________________________________

See the worker on that order?

That's my wallet, with the blocks I mined from NiceHash: CYYJtGtrJrcTPGiAijS1jWnXsbUeu4hrfD

Here's the wallet of the miner I was talking about: Caa9tHbcTyPLNUFxFPFhhEfhCrVcEZrRyU

Here's the Paypal transaction I received from CompCoin that led me to Alan and his project in the first place:

Block explorer recently went down when they forked and block size just decreased from 35CMP to 2CMP. That's how they "stopped it."

How can you be so dumb AND YET call me a "retard"? You literally just made up VERIFIABLY FALSE crap.

Whereas I just proved everything I claimed.

WTF is wrong with you?

Welcome to the FUD, folks.

Here's some good news for you guys.

The crisis is over.

I can share more about what happened now. First of all the price has stabilized and is steadily increasing (which, by the way, it will continue to do for some time to come, expect a run back to at least $2 in the short term - Alan maintains a target of $100 for year end).

For the quick learners, you can see for yourself what happened and what they did about it here: blocks.compcoin.com.

________________________________________________


Okay then, boys and girls, sit down and prepare for a story.

________________________________________________

Once upon a time, Compcoin was built. The algorithm that determined block difficulty was configured to adjust appropriately for the technology at that time.

Then, things changed.

The Antminer L3+ was released.

You can see earlier in this thread that someone mentioned how ridiculously profitable it was to mine CMP (they were getting $60 a block). The blocks were designed to distribute 35 CMP every 10 minutes. The problem: they were spitting them out every 1-3 minutes. Blocks could sometimes be found within seconds of each other.

What happened?

There was one miner who pushed the price down this whole time. They started scaling their hash rate through NiceHash and were pointing anywhere from 50 - 150 GH/s at the pool, depending on how much competition there was from other miners. When they were able to get thousands of CMP a day, they chose to sell. With Nova Exchange being a small market, that movement was enough to drop the price from $16+ to ~$0.55.

With all that hash power, the guy basically achieved a 51% attack on the network. The team went into crisis mode. They had to stop this guy who was mining all the coin and just dumping it for pennies on the dollar.

Hence the silence; they didn't want other people to find out and do the same thing.

So what did they do?

The coin forked and the block size has been decreased from 35 CMP to 2 CMP.

Now blocks are found at a more reasonable rate. This changes the mining dynamic so it's not as profitable to point the hash power equivalent of 300 L3+s at the CMP pool when you're just going to turn around and dump coins for a couple cents each.

You can see on the NovaExchange and CoinMarketCap charts when the trading volume spikes, the price drops. This was occurring daily as the miner was just cashing out his haul with no regards of, or respect for, the price.

Now that the team has a technical solve for the problem, we can probably expect an update soon (as if we haven't been already) and a steady if not rapid price correction that more accurately reflects the value of CompCoin.

In the meantime, sit back and wait. Or buy some cheap CMP and reduce your cost basis while it lasts, which if you ask me, may not be as long as one might think.

Look at the block explorer. Get an understanding of what's happening behind the scenes. Then look back through this thread at all of my other updates - the new website, the trading results, the NFA approval, the CNN interview, the brokerage partnerships. That's all happening. There's some exciting things that they can get back to working on now and it looks like we're on track to make some nice gains real soon.

To the haters, keep your eyes on the charts.

To the believers, get ready.

We're in for a wild ride - and it's only just begun.

after all this time, i finally get to confirm my order and the captcha popup doesn't load - it asks for an answer to a question it hasn't given yet. twice now. just blank captchas. this is ridiculous

I get the frustration but I've just been trying to help.

You're not my investor. It's been established that I don't work for them. I'm sharing this stuff not because I have to but because I empathize with other members here and I want to - because the CMP team hasn't been communicating at the rate we all would like. Obviously you're emotional; and I understand why. If people don't want me to post this stuff, I'll stop. I'm under no obligation to continue.

I told you I can't share what's going on in perfect detail - "price suppression" is intentionally vague and could mean any one of several things in relation to the project - technical details or otherwise - you can think of that as a symptom or effect of what's going on. Also, we all care about the price. If it had doubled since ICO no one would be upset.

I told you several times that they've been notified that this thread specifically is waiting for an official update.

I updated you with a timeline apparently we can expect them to adhere to and why it hasn't been sooner.

Other than that, I don't have answers. Nor should I be expected to.

Okay guys, I'm still waiting to see these supposed screenshots. Sounds like FUD to me.

In the meantime, I've got some news:

- The team has been working hard on a solution to fight back against these price suppression efforts and there's been a breakthrough.

- We can expect action around the middle of next week - the sole purpose of which will be to secure the network, coin, and community, from these malicious efforts. Once that fix is in place - again, before the end of next week - we can expect tremendous volume and price movement; mark my words.

- They've hired an outside party to audit the algorithm - which means we get to see independently verified trading results soon.

- Live trading may be available now if you contact them directly.

- They've got an interview on CNN coming up in the next couple weeks - which obviously is awesome publicity and will likely have a positive impact on volume and price as well.

- Several large buyers are interested in acquiring significant positions in CMP but have been told to wait until this whole debacle is sorted out. My guess is, once these guys get in, the price corrects upward in a big way.

Also, once everything is sorted next week, they're releasing a statement which I assume will explain everything I've just told you.

Oh, and if you want to see screenshots that actually shed light on this situation - PM me. I just got access to some interesting data that, for anyone even somewhat familiar with blockchains, should be a pretty clear indication of what's going on and what they're doing about it.

Anyways, darkistorrik - I'll ask again, show me what you got. I doubt it's as damning as you made it sound. Bet it's them trying to keep this shitty situation under wraps and not knowing how to handle community inquiries; probably more a testament to their lack of community management experience than anything. But we'll see. I'll update you guys if he ever sends anything.

i checked the product count in the first few seconds when it was at 9,998 - safe to assume 10K in this batch

I'd like to see the screenshots. Please PM me.

Spoke today. Should be some official communication soon.

MC you said, "Maybe ART exists, but I'm not so sure about the software that will allow us to 'invest using ART's intelligence', if it does, why can't we use it? "

It's not two different programs. The software integrates with your brokerage account. You don't need to be "allowed," it's an add-on program that links to, for example, your MetaTrader 4 account - or whatever other brokerage.

Why can't you trade with it right now this second?

As they are registered with the NATIONAL FUTURES ASSOCIATION - they obviously must adhere to those requirements, which includes submitting risk disclosure documents annually. Apparently the documents have been submitted and are pending approval. I've been told that trading will be open very soon - and that the results, historically as well as recently, are incredible - with up to 100% returns.

Now compare that to other ICOs that have roadmaps with no actual code written yet. Here we're two weeks out from having been listed on an exchange and already they're about to release into the wild. Told you guys, this is going to be huge.

By the way, here's some MORE news for you - take it as a "sign," call it what you want, but when it happens this post will be proof that I'm not bullshitting.

A new website is currently in development. It will include actual results from live trades, examples of what the algos do, etc. Going to be a major step up.

You heard it here first.

I understand what you're saying. But at least three of your premises are unsound and reveal a fundamental lack of understanding of CompCoin and of trading financial instruments on global markets.

You said "if it was fully adopted by everyone it would stop working and your company would go out of business."

So your idea is basically that if it made money, everyone trading USD/EUR would buy it, then it wouldn't work because we'd all have the same positions, so therefore it can't exist/doesn't work.

Do you even realize what this would entail? USD/EUR is the largest financial market in the world. You think the algo can't find someone on the other side of your trade for a couple hundred bucks in a multi-trillion dollar market? And the reason you think so is because everyone would own the software if it worked?

First of all, if that were the case, we'd all be millionaires from every single USD/EUR trader trying to buy CMP - so what's your point?

Also, it's impossible.

Why? Keep in mind there will only be 10MM ever minted; they expire due to fees at a rate of .5% per quarter (2% per year deflation). So in any case, everyone can't have them. There's a limited, deflationary supply and a minimum requirement to get access (you can't get the algos for 0.1 CMP) - hence your flawed premises.

Moreover, each token only trades up to $500. So with 10,000,000 CMP: only $5 Billion - at most, when all coins are minted by 2020 - can ever be traded by CompCoin, within the $5.3 Trillion PER DAY Forex market.

And what about the other financial instruments and markets that will become available, each with their own multi-trillion dollar market caps? Pretty soon we're looking at a situation where CMP algos can trade most financial markets. Yet no more CMP will be created after that 10MM.

So please explain how $5B in CMP controlled capital won't find liquidity among a $5.3 Trillion market, let alone when CMP is spread amongst all of the global financial markets that the ART platform will eventually include.

What predictive technology do you think Goldman Sachs trades with - and every other investment bank, hedge fund, trading desk, etc.? They use proprietary, top tier machine learning. Bayesian theory - the probability models that the algos are built on - has been around since the 1700's and has been applied to finance through computational sciences since the 1980's. The whole point of CMP is to democratize access to top tier machine learning algos through the distribution mechanisms afforded by tokenized software licenses. You're kidding yourself if you think it can't work.

What I said was information I learned from my personal conversations with the founder. See, here's what you've got to realize. A large majority of this recent wave of ICOs are designed, marketed, and deployed by people who want to cash in on the ICO frenzy - that's not the case with CompCoin - hence CompCoin hasn't had the level of communication (via Slack, Telegram, forum presence, etc.) that we see with these ICOs peddling vaporware. For most of those ICOs, their presence is all they have to sell, other than a dream, idea, roadmap, etc.

Want to know why there is no roadmap for the CompCoin or ART software development?

The software already exists.

That's what most people don't get here. Fintech Investment Group, that created the algos tokenized into CMP, is A REGISTERED FINANCIAL ADVISOR. You can pull their records. I don't know where you got Maldives from, Alan lives on the east coast.

And in regards to CompCoin not officially communicating the situation I mentioned previously, that's because they want it to stop. They don't want any more malicious actors. Hence they pulled wallets. That's what they're working on. Being busy is no excuse, but that's why I'm telling people as much as I know about the situation. Alan randomly stumbled upon my business, we talked a lot and he told me about what's happening to CMP.

Guys, they're fucking livid about what's going on with the price. They have the investors' best interests in mind - you better believe it. We all win together. Again, it's no excuse for not communicating but when the house is on fire you put it out - you don't stop and talk about it. They've got some lessons to learn in community management and they might learn it the hard way if people lose confidence for no reason, but again, CMP has been listed for what, less than two weeks on some nothing exchange with no volume. It's easy to dump on that market and push a coin with 11BTC max trading volume per day down 15 fold in a few sessions.

Again, I want to reiterate, I don't see any of this as an excuse for lacking communication with their community. They need to have more of a presence.

I haven't shared the message yet, haven't had the chance to myself, but I'm expecting to have another conversation with him soon and I'll let him know - on behalf of all of us here - that they've got to step up the communication.

got 8 more

I've personally been in touch with the founder, Alan Friedland. They're working on a lot right now; it's probably one of the furthest things from a scam when it comes to cryptocurrency - there's two companies here; Fintech Investment Group created the algorithmic trading that's been around for 8 years, then it was tokenized as a way to sell access to retail investors who usually would not have access to top tier trading algos. That token is CompCoin. It's a software license for artificial intelligence that trades USD/EUR and has so far shown some pretty impressive returns in backtesting and 99% correlation with real-time trades. It's the only token that actually generates earnings from outside the ecosystem - via profits from the automatic trades.

I can't share too much but I'm willing to disclose that there is a concerted effort on behalf of some members of the community - WHO ARE NOT PART OF THE COMPCOIN TEAM - to suppress the price of CMP. The dev team is working around the clock right now to counter these efforts so they can get back to working on the business. Now I don't know for sure, but that's my guess why there have been no updates.

I understand my reputation here isn't enough for people to take my word at face value, but I figured I'd share what I know. There's real money behind this project and they're busy working on a lot of things. They have over 1800 algos right now; they're testing with different pricing models that can be used to trade commodities, stocks, bonds, treasuries, any financial market. They're working with other brokerages to offer the software to their clients via affiliate relationships. There's so much more too that I really can't say.

Just know that the project has been in development 8 years. It's been on the exchange less than a month. They're well funded and have a leadership team with a track record. This is not vaporware. These are not anonymous people. You could find the founder's phone number right now and call him, he'd probably pick up too even though it's almost midnight where he is.

I will let them know that people are worried, concerned about the lack of communication and wanting verification that this is the real deal. Expect an update soon.

Because of unexpected technical difficulties, we've had to postpone the batch release to 11AM on 11 August (GMT+8)

They are $1499. Site loaded but can't login