And to those who assume this is a scamcoin, I will not stop you from thinking so, however there is no reason for this to be a scam as reasons have been stated in the original post and on the http://www.speedcoin.net website

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Not a scamcoin, interest payments are made from the 20 million pre-mine as stated many times on http://speedcoin.net

Wait, you are saying pre-mined coins are scams, yet you where trying to get a majority of the steak, to dump onto someone else for .45 bitcoins? See thats what I am confused on, I am trying to understand why you would try to get that many Bitcoins for it, unless you are trying to just inflate the price of a new coin in hopes of making a profit. Am I wrong to think that things should have a tangible Value?

So what you are saying is, the first miners with good gear can come in and farm 1/500th of the coins in a quick time, then after that it becomes more difficult for the coins to be mined, so the next 5000 coins may take a lot longer, therefor making the 1k you saved worth more, well the person you sold the 4k coins to now holds your majority of the stake, and hopes the prices keep going up?

So it wouldnt be normal for lets say 30 people to have 5k coins? because that would mean 1/10th of all the coins minable would be gone already??

Looks like theres been a split chain due to the bug, will be re-releasing again shortly, all current coins are worthless from block 117 onwards, sorry.

Will update with latest blockchain shortly and new port number to start again, very sorry.

I was wrong, it would make that premined coins worth 5million! I am new, just asking if this is normal?


Also if thats the case, Wouldnt you want to keep 2000 coins, thats 1/500th of all coins that will ever be mined!

Like I said I am new, but something just seems odd here to me, could someone help me understand if I am understanding whats going on here?


I like the idea of mining these coins, how ever, am I missing how a value is put on a coin, special with such a high premined?

Hmmm 2000 coins for .45 BTC would that not make the 1million premine coins worth 200k usd?

price?

Guys please stop sending me the donations on pm.

Donations should be made public.

Brightlight, since I am not home right now and cannot keep up with donations messages, could you please update the list for me until later? Thanks a lot.

Also community should encourage every person who contributes to our community and not send people away.
We need poeple like that so lets make sure we keep them.

Thanks.

It's a paid vote?  What's the purpose of vote on it with BTC ? I'm curious.

you sell too low ! Why dont you wait until 3500+ ? Because you dont believe 3500+ and you r done with it now, I didnt sell any from new train, so its possible that I can make a little bit more than I wrote.
Nice hiro pump today, btc grows a little finally, but still not enough to mine it now for me, we will see...

Rather than try for Mintpal, why not try a collection of small exchanges? Allcrypt, atomic exchange, poloniex,  coined up, and places like that?

Based on what has occurred on Bittrex, the coin really needs more than one exchange. And it probably needs an ltc market too. It's stuck in no volume-land.