On that I agree entirely. I suggested education and discussion as alternatives to destroying coins in that shitcoin killing thread.

Discussion is fine and should be encouraged.

But  ddossing pools/services and trying to wreck coins, based on a suspicion, isn't right to me. I'm not even quite sure of the legality of ddossing services/pools -- guess it depends on what nation it originates from.

Well, my point posting in this thread was simply the fact that the AUR dev may not be committing a scam, and it's wrong to take action just based on suspicion.

Personally, I think the scene is dying not because of junkcoins, IPO scams, or any of that. It's bad exchanges. But that is a different discussion.

I see you added this after my reply, so will respond:


I stated there was an extortion claim in that shitcoin thread. I said those who promoted that movement should have dispelled it. That is all I claimed. I didn't say BCX was taking money, here, or anywhere else.

If you note, I didn't say that members of that group will definitely extort anyone, just that the actions they should have taken to dismiss the claims that someone there made. Personally, I think anyone would have to be really dumb to post criminal intent on a public board, and then actually commit the crime. I also mentioned twice in this thread that BCX has stated he won't accept money from any extortion.

But you do bring up one interesting point -- a person should be considered innocent until proven guilty, correct? The burden of proof is not on the accused... your own words.

Yet BCX is not heeding those words in regard to the AUR dev. He is assuming the accused (AUR dev) is guilty. Before any scam is committed. Before any wrongdoing is proven. It just looks fishy, so must be a scam.

Two wrongs don't make a right, which again, is why I didn't say BCX is taking any money. It's just hypocritical to say in one instance the burden of proof is not on the accused, and in the other to say a person is guilty, because they can't prove their innocence.

The problem was the fact that almost nobody who organized that group or promoted it, dispelled the notion of extortion either. BCX did, which is why I said he stated he wouldn't accept any money. It doesn't mean we know who that newbie actually was, if he was a puppet, or whatever.

The way promoters of that thread should have acted was to dismiss the extortion claims outright.

Yeah, I know, which is why I said you stated you won't accept extortion money. Although it does appear you are someone's muscle, based on past posts from you:

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If they want an even better story, I expect they have kept track of that shitcoin killing thread, the hypocrisy and extortion threats listed there.

I know you have stated you aren't going to accept money directly for killing any coins, just be the 'muscle', so to speak. Still, it's not right... and flat out illegal if any money does get extorted by anyone.

I'm not sure if that will matter. Cryptobuddy probably will make up something else to complain about.

Dev not from Hong Kong, Dev states he was born there = buddy wants ID.
Coin is supposedly coingen .... shown it isn't = buddy says it's most likely coingen.
Complains dev not giving enough premine = buddy complains dev giving too many coins with leaky faucet
Fake accts on forum = dev is every single fake acct/person posting in the thread

Read the ann for the coin, it's insane, and obvious that facts don't matter a whole lot when someone is trolling.

The thing is, many of the same arguments you use against AUR can be used against bitcoin, as well. Hidden dev, little transparency, unusually large number of coins held by a select few. And there was no infrastructure or merchant acceptance of the coin initially either.

Your argument that AUR looks like a scam is a valid one. Yep, it may all be an elaborate scam. At the same time, there is no proof whatsoever that it is. Do you normally decide innocence or guilt, of regular people you meet on the street, based on how they look or suspicions? And then decide to take action before any crime is committed?

There are a couple of reasons why this may not be a scam:

Dev simply didn't trust any 3rd party to hold the premine. It is a large sum of money, so am not entirely sure what trusted 3rd party would be used anyway. Can you imagine what would happen if the 3rd party walked away with the entire premine?

Dev is unrealistically idealistic, and the money doesn't mean much to him.

Dev is already rich, so cashing out the premine is a drop in a bucket to him.

Again, if you ask me if this coin, or other nation coins, have some devs planning to cash out some of the premine for themselves ... I'd say most likely. I still don't think it gives anyone the right to go ddos pools/fork the coin, just based on this suspicion. And there is a very real possibility that you will do more harm than even a scammy dev would, both to holders of the coin, and to crypto's reputation in general.

Not so sure. The price jumped up like 50% the other day based on the al jazeera news story. That evidently was a pump induced price hike in association with the story, but still... I'd think CNN might boost it a bit more than 10%.

And no problem being negative towards maza, but it does read like you went from cheerleader to semi-troll, just because things didn't work out like you planned. It's one thing to be negative, it's another to be always negative.

There is some validity to that argument. A simple thread detailing what new people should look out for, would suffice. Although I do question how useful it may be, seeing as everyone here has a different definition of a shitcoin/scam. Same goes for coin moderation ... what the moderators deem unworthy, others may deem acceptable.

And as for protecting newbies from these evil scams -- how long did it take you to spot worthless coins? Or scams? I started 3 months ago, and it's not like I'm getting ripped off anywhere... most scams are easy to spot. Most junkcoins are easy to spot. I should also add, a person can still make money from what you deem junkcoins, so long as you are smart and know when to get in, and when to get out.

If you see an IPO from a weird coin, with no assurances, it's probably not a great idea to give them any money. If someone puts up an ann for taxicoin, or some revolutionary coin based on a meme, it's probably not a great idea to invest your life savings. It's common sense. Having a select group of people choose which coins people can even read about, isn't the answer.

Again, the big scams are the shady exchanges.  And no amount of forum moderation will improve that. Although I do suggest that if enough exchanges pop up, perhaps a poll/rating on trustworthiness of specific exchanges could be useful to people.

The amazing thing is, this fake coin is getting more comments than many real coins do. The OP probably should just do a coingen of this and release it for laughs at this point.

People have also put up nicer logos than many real coins have.

Although I would argue that an image of a foot stomping on someone's neck might be a more accurate logo.

That was the only flaw in his post, in my opinion. I'm also not sure if those companies are US specific or not. As larger companies go, I can say they are rather lousy though, each in their own way.

I honestly have a hard time seeing bitcoin catching on as a currency for most people. It's way too slow... Countries are starting to regulate it now, there still will be taxes on purchases, and using bitcoin to buy anything is sort of like using the worst credit card in the world ... wait 10-15min+ for a transaction, no buyer protection, no way to dispute, not as easy to get a refund.

So I would still argue that btc doesn't have wide merchant acceptance, and even for the places that do accept it, I wonder why anyone would want to use btc over other forms of payment.

Goldcoin? Odd choice. Just wondering why you would possibly choose that one.

You'd be better off just buying real gold coins. Or as stated already, lottery tickets.

Hey, thanks.

Wasn't really expecting anything, but it helps make up for some of my loss at CoinEx.

136e9jxyh1tjUiW3dPbbnxM58S96PfP8Sx

This reads like a thread to see if people will sign up for anything, regardless of what the coin is.

Heck, if free coins are given out, sure, I'll take them, as I expect anyone would.

I just wonder if BCX will ddos/fork his own coin after its released... if going with a true proof of hatred, probably should stick a virus in the wallet too ... extra hatred for all.

I wasn't suggesting to upload info upon the birth certificate, or any personal info ... that's truly insane. I just meant any birth certificate or document related to Hong Kong, with the name blacked out. And yeah, it probably wouldn't be good enough regardless ... but was an idea. I just got tired of hearing cryptobuddy go crazy about where the dev is located, I guess.

And the thing about the air drop, it has occurred with AUR. Or at least so far it has. It probably will work for the Silicon Valley coin (although that's not practical for larger populations). The 3rd point is accurate, however, and is an imaginary cap.

2.5% may not be enough though, if realistically thinking about it, to get enough of the coin out there. But it could be considered the lesser of two evils ... again, too much premine and it's also a problem.

Thanks for the response. Getting the coin up on a Chinese exchange certainly would move things along a bit.

As far as premines go, I wouldn't necessarily call all large premines a scam either. One knock against this coin is that the premine probably isn't even large enough to make a difference. Of course, if it was a larger premine, people would yell 'scam' ... so you can't win either way.

As for cryptobuddy, I have wondered if he was the fellow scooping the coins up at 1. The only reason people typically troll like that is to either buy in cheap, or they are truly deranged. Honestly not sure which is the case at this point. In some ways he may have helped the coin, by bumping it up. The reason people may think it was a ninja launch is because it got so little attention -- buried amongst other nation coins. For myself, I found the faucet idea interesting, bought some coins, sold some of them when the price was okay-ish... so am at a minor profit regardless of what I do with the rest.

A couple of tips, which you can feel free to ignore:
Have the dev outline how the coin will be used and what purpose it will serve.
Show how the coin is getting some publicity. If nobody in Hong Kong knows about it, who is even using the faucet (besides a handful of crypto people)?

If the coin has no actual use in Hong Kong, it's no better than most meme coins.

And to deal with cryptobuddy, show an example of why this isn't a coingen coin. Change the client/fork or whatever, add new features, do something where it's indesputable that it can't be coingen. I have no idea what are the hallmarks of a coingen coin, so am not sure what to recommend there.

And if the dev really wanted to quiet cryptobuddy, upload a copy of the dev's birth certificate, with all personal info/locations out (besides HK). Not that I expect it'd even matter, as trolls tend to find new things to harp on about. But at least it's one less thing.

Finally, not so sure it's a great idea to keep calling the dev 'Dear Leader'. I keep thinking of N. Korea when that phrase is brought up ... probably not the association most would want.

I asked this earlier, but got no response. Not that the dev is obligated to respond... but it'd be nice if he'd put some info out -- anyway, what plans for adoption are there with this coin? Are there any at all, any merchants spoken to, any publicity for the coin?

Right now, it's sort of at the extreme low end of nation coins. No 50% premine, which is good from one perspective, but you don't get the marketcap advantages either. It's also on an exchange that basically has no volume at all.

I think the only reason anyone even knows about this coin at all is due to our friend, cryptobuddy, who seemingly bumps it a ton, and brings up the subject even in other threads.

I like the faucet idea, which is why I even noticed the coin. But besides that, and a nice little logo, what else is there so far?

I can't see anyone here ever trusting them again. But if they want to get any customers at all, even small amounts of trading, they probably should do some promo giveaways and such.

Even for those of us who got our coins out, many took a bit of a loss due to the btc to alt trade rate. I'd use them for giveaways (pretty much all I ever used them for to begin with) ... but they'll have to bribe people with freebie coins to even try the site when they get up again.

And that doesn't even count paying back those who lost their btcs or bcs entirely. Curious how they plan to pay those back.