You (and some other guy who posted here acting as surprised) were among many people with which I talked about FAIL development, but decided not to use your services. It is quite normal to launch new thread as FAIL is а new coin (despite the fact it was premined and early adopters were compensated). I would suggest you (and some people who try trolling FAIL) to go somewhere else if you don't have anything to offer as suggestions/opinions about FAIL"s future.

Premine was used for swap, which lasted exactly 2 weeks. Old FAIL was with about 78B supply and was denominated at the rate 1 old FAIL for 0.00025 new. We decided to keep FAIL instead launching it as a entirely new coin.

Nobody is lying here, because you can find details about the process.

Cheers,
Spartak

Plan is pretty simple and we announced it here and on Twitter few hours ago:

http://twitter.com/FAILCommunity/status/585748581337985024

Unfortunately, many people still are looking at the name of the coin without thinking about the bigger picture here. FAIL has better chances for adoption than 90% of other currencies... probably even more. It could be turned into pretty much anything (except putting our logo on Nascar's car like Doge did.. you can imagine someone drives with 200 mph/h with FAIL logo on his car. ). We also have idea pretty clever idea about rebranding (i.e. not use FAIL in the logo), but the name will stay the same.

That is why I said we are going to build our grounds first. Why should we talk with bigger exchanges now? So they can list us when we still don't have anything to offer? It will be fast FAIL's FAILURE.

Anyway... it will be long journey and we are not in hurry to be on top of the market cap as many others are trying.

It was just removed by Gliss on our request. Coinmarketcap calculated our cap X our old supply and this is not correct. We will be listed again pretty soon.

EDIT: http://twitter.com/FAILCommunity/status/585786343336325120

Hm... I do know who runned BetashareX and I'm quite sure that CryptoTradeEx is runned by the same guy, but from you I understand that BetashareX is disappeared. I am removing this exchange from the OP.

EDIT: Type listaddressgroupings and you will see where is the "problem". It's normal.

I would say +3 IF BST didn't exist in first place. You look as a good guys, but what you did is just to create another coin and let the old one die instead forking it and reimburse early adopters. It's that simple. Tomorrow we can have BST-A, BST-B, BST-C etc... Every idea about cryptocurrency can be good as long it does not include 50 coins behind it.

In the next few days we are going to start developing our social side. We look good on Twitter and Facebook (where our indonesian group for example has 104 members), but Reddit and such are disaster. Keep in mind that we are not going to develop as FAILCoin, but as FAILCommunity. After we look better from that side, we will start working on merchants and adoption. Exchanges are not our top priority.

Cheers,
Spartak

Hello,

We now have faucet with free coins located here:



and...

BLOCK EXPLORER
RICH LIST

Regards,
Spartak

Are you involved in this one?!?!? It seems that this guy cutted out some of your pyramids in the logo and created DARKScrypt.

No, man... he should consider leaving the forum (as he obviously did).

You can't compete with Doge. It was fun when wolong pumped it, but Doge is dying and no one can stop it. Cryptocurrencies were once funny and sometimes you can eat up loss with smile on your face, but nowadays it's war. Market is way too different now. Imho, your best decision will be to reduce supply asap. 

This could have some chance if borris proves as a strong hand. Personally I invested about 1.5 BTC on that one, but I have no regrets. We are all making decisions by ourselves so...

P.S. I just hope that high vPoS was not a trick to attract buyers though.. not because of me, but because of the other people who bought at higher prices. I'm just fine.

It's too difficult to get miners, given the facts that:
- There was premine which is distributed to early adopters.
- Block reward is low.
- Price is... well... close to 0. (though Coinmarketcap currently are multiplying to old FAIL supply and this is the result):



Ripple's cap is blown away.

To all who currently decided to mine despite those facts - Thank you. I must say that if ROI is made, it will not be very soon. Currently FAIL is not for miners who wants to get on board early or to expect fast profits. What I can promise you that we are staying and soon we will get on bigger exchanges even If I have to sell my apartment. I have also explained that people (me included) behind FAIL embraced it because of the idea... not because of the profits.

Currently we are working on our "face" (i.e. trying to make us look better). That includes a lot of stuff, but hype is out of the question. I did told to one guy that we are building our foundations, not FAIL's price and to be honest - we will be something like DNotes (though my personal opinion is that FAIL has a lot more chances to grow). You can see how they developed. Adoption is what matters, but first we need to take care about few things.
 
We promised honesty and that is what you'll get.

Cheers,
Spartak

Hey,

Do you mean the logo? If so - Photoshop and Zbrush were used. Frankly speaking, I suck on designing and I asked a friend to do it, but he is too busy (he's working for Gameloft and he's creating monsters for games ). It is not the best one, but it's better than my "attempts".

Cheers,
Spartak

Hello,

We will put your exchange in the OP, but I must say that people should use it with caution. I just hope that your idea is to take some part (%) of cryptocurrencies trading and not to scam people. Everyone deserve a chance either is you or FAIL so.. thanks.

Cheers,
Spartak

Well, I fell asleep now matter how hard I tried to stay awake, but it seems that transition after block #888 went smooth. We are now starting to build our foundations slowly. Thank you for your interest in FAIL!

Cheers,
Spartak

Don't complain.. I'm 3 hours ahead of you (3 am here), drinked 17633 coffees and I'm using matches to keep my eyelids open.

Well, it's pointless imho. We will mine first 888 blocks with our without any other miners so it's ok. The reason we extended blocks with 0 rewards is because we failed couple of times and we left it that way so we can mine few more blocks while we testing. Just in case.