Expenses you are referring to are not correct, because you will also need to pay for github, domain and hosting. We are talking to use trusted companies with stable services, not your old computer in the basement.  Otherwise our opinios on how it has to be done are pretty much the same. I have never paid for github or domains, hosting is only needed until the network can run itself so it still doesn't really tell me why you need to have an ICO. A coin is not only a working network. It needs to have some "face" too, and that requires some services and payments. There is no need to discuss this further, because everyone has their own opinion and what he needs for his project. We are also going out of the subject of the thread. The reason why I kinda approve ICO is because I am seeing it as a real investment in the real world. Kinda like some inventors needs some amount of money to further develop their creation. We are not talking about $60 or $60 million, because it's irrelevant with the subject too. The only question is how those funds are used and the answer here in the world of cryptocurrencies is obvious - mostly to take them and run away. |
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Expenses you are referring to are not correct, because you will also need to pay for github, domain and hosting. We are talking to use trusted companies with stable services, not your old computer in the basement. Otherwise our opinios on how it has to be done are pretty much the same. |
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... you are exaggerating about a false positive from VBA32, a company out of a closet in Belarus.
I am not exaggerating at all. Sometimes companies "out of the closet" in Belarus ( what do you mean by naming their origin?). Probably your and SIX3P0's (the guy clearly said that he is no expert) are well known experts in antivirus comapnies fields. I clearly said that I don't want to start any fight and I think my question was valid, but I didn't liked the answer of the dev. Therefore I will refrain from future comments in that thread and in the mean time my coins will be moved to Bittrex. Good luck. |
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Please feel free to compile the wallet yourself.
I'm not trying to start a fight or such, but this is extremely bad answer my friend. What if I don't want or I can't compile the wallet? What if I want to go and pay for a restaurant instead preparing the meal for myself? This project is yours, not mine. You are the one who must fix this - not me. Due the the low coin supply, maintaining a healthy network stake weight required incentivizing the community with a greater interest rate.
Additionally, sp00lin9's statement is correct. The likelihood of the network interest rate reaching 200% is slim.
How? By telling them to compile the wallet for themselves? How is that scenario sounds to you: - Hey, please download the new wallet with virus (we are not talking if it is false positive - that's not the case) in it and keep your $100 in there to support the network. You will be paid greatly. Believe it or not this is exactly the same thing you are now saying to people and more important - your "investors". |
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You don't really need an ICO, if you launch without one you can just wait until the initial mining dump finishes and begin buying, you could easily get 15-20% of the Coin for cheap and then just continue developing on it and you get the best of both worlds. If you launch without an ICO and buy from the market and are able to buy larger amounts then you would have had to buy from miners/stakers so assuming there was no deception, you can attain more than what could have been had by premining and can resale or give those Coins away to help stimulate development without having to worry about the accounting of it.
I am completely agree with you, but in order to achieve that you must have money to start. Let's say you have some funds, good ideas and such, but those coins/your project are/is worthless (people are not buying it). I am not going to teach you on how much funds a project could require if we assume that you are failing for let's say months. Well a project costs virtually nothing to run and then to develop on, if someone can't maintain costs to the point where it is self sustainable then that person shouldn't be developing on the project. Raising 30k funding for whatever project doesn't mean it would be used wisely even if it were spent on development. Let's think bigger for a bit. What if the dev (if we are talking about coins) is from Democratic Republic of Congo were average household income is like $400/year? To support altcoin for like a year, you will need at least let's say $300-$500 for the accounts/hosting (such as github/domain) and to support the network. Not to mention your work and passion involved. How about if you suck on designing and such and you need some specialists in that field? You must pay them with something. You have like the best idea in the world, but you don't have money for it. How will you feel then if you have like the best coin out there, but trolls in here are not "supporting" it, pumping it etc... your work will be priced at -1 litoshi. That is why I think that in some specific cases ICO's are not a bad thing. The world is running with investments since the beginning. ...if someone can't maintain costs to the point where it is self sustainable then that person shouldn't be developing on the project.
How about if we think about the idea first and then for the money involved? With that way of thinking many projects should not start at all.... cryptocurrencies included. |
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You don't really need an ICO, if you launch without one you can just wait until the initial mining dump finishes and begin buying, you could easily get 15-20% of the Coin for cheap and then just continue developing on it and you get the best of both worlds. If you launch without an ICO and buy from the market and are able to buy larger amounts then you would have had to buy from miners/stakers so assuming there was no deception, you can attain more than what could have been had by premining and can resale or give those Coins away to help stimulate development without having to worry about the accounting of it.
I am completely agree with you, but in order to achieve that you must have money to start. Let's say you have some funds, good ideas and such, but those coins/your project are/is worthless (people are not buying it). I am not going to teach you on how much funds a project could require if we assume that you are failing for let's say months. |
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It seems that virustotal report shows 1 malware, which I have never met before. Strange thing is that after I did some research, it seems that Greed coin has the exact same issue. And they too updated their wallets just recently. I am not going to install it until the dev says something and explain that up to 200% interest with more details. |
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I said it number of times before, I'll say it again - there is nothing wrong in ICO's as long as the money are used properly. But there must be more threads like this! Please understand that many capable coders and people with visions beyond of making some extra quick bucks are not well funded and their voice often remain unheard. This is happening, because of the one simple fact - people's greed. Thing is that many people are buying into the ICO's, because they know (let's face it - many ICO's were successful and people got chances to sell higher than they bought) that they will make profit, no matter if that profit is from screwing the average Joe who was naive enough to buy and hold. The simple fact is that people are buying to make quick profit - not because they want to support the given project, or cryptocurrencies for that matter. And the "devs" who are running them knows that!
Ask yourself why people (we are talking about the average Joe who is naive enough) are investing in ICO's and they are losing in 95% of the cases? Because they are sheeps... thats why! Instead asking themselves: "How the guys behind this project will sell the idea to the world.", they are buying roadmaps and fancy promises. Why are you not buying and supporting coins which are currently existing? Because they probably can't buy you a yacht that fast.
As for the scammers who are lurking in here... most of you have no idea. If you believe that let's say 2 people are behind 20 coins - you will be wrong. The situation is much worse than you think!
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Up to 200% interest? This is not interest - its hyper inflation. I think it's a very bad decision!
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@MX1 dev you really should fix PoS asap, it's confirming extremely slow.. it took one hour for 8 of 110 confirms, with this tempo it's gonna take almost 24 hours for my stake to confirm and for that time coins stays locked.
Okay, let's see if this is not another Coven-like bullshit.  |
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I liked how coins started claiming they were donating / funding research for the Ebola disease when it hit the news.
Then I explained in detail how it's funded by a branch of the USA Dept Of Defense *exclusively
and the only two labs that have the permit to work on a treatment / vaccine are based in Canada and the USA.
Both working on 2 different *cures.. one needing 1 dose and includes prevention (Canada) and the other needing 2 or more doses.
and I went on and on and then asked so uhh where is the money going ?
Can you show us all proof you are donating money to the US DOD dept. ? If your not sending it there your not working on the cure.. simple.
And of course I got the run around.. scammers busted.
Like the so called various "Green" coins that make up lies about planting Trees for carbon coin credits.. pure bullshit !
They use anything they can like hey an Earthquake in Nepal happened let's make an Earthquake donation related coin LOL
Hell even well known legit charities are notorious for spending only small portions of the donations they get on actual charity.
They usually spend most of it on generating more funding and padding each others pockets and the Africans get 10 cents on the dollar for water etc..
if their lucky LOL
The Music industry is the same too the very best and most popular artists reach a cap of around a penny on the dollar for record sales.
and the bands who don't reach record sales quotas get far less than that.. which is why they rely so much on touring and merch sales.
The usual bs around our spinnig lump of shit we call earth.. and we're all just the maggots, 7 billion of them scurrying around feeding.
^ This. Btw FAIL will soon try to change the game... |
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Truth is that you are wasting everyone's time and this is not funny at all. If you really like cryptocurrencies, you must stop all of your "projects", which are using names/logos of existing companies and such. * The Data-based Micro-ownership Token-coin model is my intellectual property
And which property is the name and logo? |
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This one is doomed from the start.
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Looks like 1000000% scam.
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What next? When some beta test of bot? Why is here that low number of people intrested in M1? When some advertise will start?
I can't understand why there is no buy walls + very low volume.
Don't exactly know, but I bought some and will buy some more. There are 2 good signals: 1. They are not faking volume. 2. The coin was kinda dumped (even though it didn't had significant buy support). |
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I am from Bulgaria and I must say that I have never heard about OneCoin or that Ruja Ignatova. I did some research on it and most of bulgarians (except some probably paid trolls) think it's a scam. There is one comment which somehow hurt my feelings though:  I am just speechless! Cointopay.com is the URL of some business. I would be really surprised if its' owner was making comments like that, knowing it would hurt their business. It looks like someone simply used their name to make comments, knowing it would make the business look bad, and this kind of slander is common place in crypto. Maybe this will answer to your concerns. |
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Good to see that you and the developer is back again. I hope this coin wont fail. I hope that this coin will fail to fail - dont worry, I dont get what I'm saying too. Why dont you guys (and girls) give Yobit a try? I'm planning to daytrade Altcoin starting next Monday on Yobit.Net.
Hey Jack, I will repeat that we are deadly serious about FAILCoin as a project and will support it at any costs. P.S. There is a high chance for us to be listed on another exchange, but can't reveal anything. P.S.2. Yobit don't have enough volume for day trading. You should look at Bittrex and Cryptsy instead. Cheers, Spartak |
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Hey FAILers,
Both me and especially pnoch (FAIL dev) had problems these days (personal and with health), but we are back again.
We are working on the next wallet release as we speak, but I can't give you any ETA as we don't want to mislead anybody.
It should be soon. The rest of the members are still instructed not to post anything and they are working behind the scenes.
Probably some of you noticed that we tried to hit Bittrex and it seems that we have failed, because they still didn't contacted us.
We will try again, when people finally understand how serious we are about this project.
Stay FAILed!
Regards,
Spartak
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I am from Bulgaria and I must say that I have never heard about OneCoin or that Ruja Ignatova. I did some research on it and most of bulgarians (except some probably paid trolls) think it's a scam. There is one comment which somehow hurt my feelings though: I am just speechless! |
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can i swap my old coins yet?
if yes, how is the process?
is there anyway to send the wallet to you?
thanks
Hello, I'm sorry, but you have missed the deadline. Detals about the swap process were explained hereCheers, Spartak |
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