I would like to share with you my analize of the ICO mentionned in the OP : Novus : https://bitcointalk.org/index.php?topic=1781895.0This projects seems to have a good idea, but they are suspicious for me, so let's start the rating : IP lookup: For now there is nothing to lookup except the domain name, they own 2 domain names : Domain : novusphere.io Status : Live Expiry : 2018-02-07 NS 1 : mary.ns.cloudflare.com NS 2 : plato.ns.cloudflare.com Owner Name : WhoisGuard Protected Owner OrgName : WhoisGuard, Inc. Owner Addr : P.O. Box 0823-03411 Owner Addr : Panama Owner Addr : Panama Owner Addr : PA Well, nothing to catch here except a more suspicious information : Viewing a cached Whois record Our system is temporarily unable to provide a real-time Whois lookup for this domain name. The record shown here was current on 03/02/2017. If you refresh your browser we will attempt another lookup. It seems someone is hidding, let's try to dig deeper : Searching for a company registered in Delaware with this file number : 6358377 here : https://icis.corp.delaware.gov/Ecorp/EntitySearch/NameSearch.aspxYou will find them, but if you do a search by name, with Novus as a keyword you will find a lot more companies. Here is the result : File Number: 6358377 Incorporation Date / Formation Date: 3/24/2017 (mm/dd/yyyy) Entity Name: NOVUSOFT, LLC Entity Kind: Limited Liability Company Entity Type: General Residency: Domestic State: DELAWARE Let's dig more informations about NOVUSOFT LLC, with google, here is the most interesting related result i got : http://www.novusoft.com/aboutus.htmlSounds interesting, but there is more : http://www.satprnews.com/2017/04/03/novusoft-llc-announces-the-launch-of-an-innovative-system-known-as-advanced-file-indexlook at the "New York" statement, so they register in delaware and work in NewYork ? ok, i don't think so as i can't find any novusoft in New York. So when i was looking for informations about NOVUSOFT LLC i found a single record : https://www.ct-registry.com/645305-novusoft-llcAnd it is not in Delaware or New York, it is in CT. Now i would like you to consider these questions before investing : - Why do they hide their informations ? - No Team information, or name ? - No company address ? - How could they use the informations of a company registered else where ? - Are they related or not ? - Why is the post self-moderated ? If i had to rate this project, and considering the "Temporar POS coin" they will use, i would give a 2/10. (2 because they are actively posting, and seems to have some early adopters) Especially because they are hidding too much informations, so untill they reveal their informations, they will be classified as a scam for me. |
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Is there around ICO scam generator on Etherum ? I see that many action is going on ETH  this time... Every one are making ICOs, money for poor,killer aps, investments funds. Investment funds are the best .. essentially we invest in ICO owner. I just wanted see what coins were generated on those ICO scams site. Seriously i am sick of that ICOs i think that 99% of ETH icos will end as PURE scams or fails... date service, money for poor-humaniqu... And guess what youtubers give advice to noobs that is GREAT opportunity - FUCKING JOKE... There is syndrome i will dumop efore you will be able... THey run scams with +50% bonus in 1st day and 1st day trading they cry that bounties are dumping ... Guys THIS IS JOKE. Only i am tired of those scams ? Earlier today, i checked the altcoin announcements, i opened the first "interesting" post i found (less then 5 pages), it was an ico with the classical scam ico scheme : - No team informations, not even the amount of team members or bitcointalk's profiles. - Crapy website talking only about ICO. - Pseudo demo in the website. - Shady informations on whis lookup - focusing on design and ICO - Self moderated thread. I am sure that this ICO will be fully funded, and then people will be "shocked" discovering it is a scam, as usual, they will post scam accusations, ask bitcoin-core for help, untill the next ICO. As always. |
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From 4800 to 5860
Dash 📈 in last one hour
He just talks about not judging altcoins by their price and the first thing someone says is some crap about Dash? New level to altcoin shilling. Btw, the original post should be helpful to many people. The point about searching up IPs and seeing if they have been used before had never occurred to me. This post just killed me. I guess it is a bot or something like that. IP fetching teached me a lot of things about shitcoins. By the way, there is a guy who is generating a lot of shitcoins with scam ICOs. |
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A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave. You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations. again the same guy is issuing scam coins : https://bitcointalk.org/index.php?topic=1774257.0Same IPs, chiefcoin, smurf, joker, money .... int64_t GetProofOfWorkReward(unsigned int nBits, int64_t nFees, int nHeight)
{
int64_t nSubsidy = 150 * COIN;
// Force block reward to zero when right shift is undefined.
int halvings = nHeight / 1000000;
if (halvings >= 64)
return nFees;
if (nHeight == 1)
return 510000000 * COIN; I SEE, NICE PREMINE THERE !!!
nSubsidy >>= halvings;
if (fDebug && GetBoolArg("-printcreation"))
printf("GetProofOfWorkReward() : create=%s nBits=0x%08x nSubsidy=%" PRId64 "\n", FormatMoney(nSubsidy).c_str(), nBits, nSubsidy);
return nSubsidy + nFees;
} Self moderated ... so i guess he will delet this post. Just for you guys, to remember my warnings, he aleready moved to the next project. |
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This guide won't tell you how to invest your money, or which coin is the best, or anything like that. It is focused on teaching investors how to rate a coin project prior to the investment decision. First, i noticed that a lot of people in the forum, especially in the Altcoin section, are rating/following/supporting coins because of their price. It means that the unique argument taken in count for their investment is the price of the coin. Doing this leads most of the people to loose their investments because of a value dump in the best scenario, or to an ICO scam in the worst. In order to determine wether a coin/project is good for investment, you should consider at least some of these points : 1- The price of a coin isn't determined by the investors, especially in her early days. Because of the low price, the coin developer or a whale (sometimes the exchange itself to draw more volumes) can Pump the coin, in order to simulate a growing attention on the coin, leading other investors to buy it. When the price is high enough, the Dev/Whale/Manipulator proceeds to the Dump, leading to the coin's death. The last part is the result of several Pump/Dump process, as the objective is to keep it attractive long enough to get at least a 25% return. This is the basic P&D schem. 2- The coin/project code is by far the most important criteria to be taken in count, i will explain why some exchanges refuses to list clone coins. First, you should know that the Coin/Project DevTeam size isn't to be taken in count, you can have a single Dev doing a lot of great improvements, as long as he is supported by a community who trusts his work, this is one of the best scenarios for investors, a good developer, backed by a supporting community. The Code aspect is bound to the features introduced, the QT-Wallet isn't to be considered as it is the least important face of a project as many users in the forum can provide you with advanced features in the QT-wallet, you can for example check the work of OSMIUMCOIN. So as long as there is no new features in the "Daemon", you should investigate the project prior to invest, because it means that it is either a "ShitCoin" made for P&D schemes, or a "ScamCoin" made for ICO scams, or a "NewbCoin" made by unexperienced users. Note that a few projects with cloned coins are legit, and these have an appreciable value. 3- The community, this point should be taken causiously because it can be easily faked/manipulated, and depends strongly on the funds allowed to it. If you have enough funds you can raise a coin's community with ad campaigns, fake twitter/facebook/linkedin/reddit accounts, so in order to get a more realistic representation of a coin's community, the best is to check them on bitcointalk, if there is a lot of newbie/Jr accounts posting in the thread, then it is a fake community. So there are 3 aspects to be checked when ever you want to invest for either short term, or long term : 1- The code 2- The community 3- The price Check these in this order, code, community, price, and you should have a general overview of the coin. Now how to check for scam projects ? Try to get as many IP addresses as possible and google them first, you will have their location and could check if they have been aleready used in past projects. Check the website with tools like whois.domaintools.com, you will have informations for the domain, you could know if it is a dedicated server or a shared plan, it doesn't really matters, but at least, when scrolling down you can have the ID of the website owner. If it is protected by whoisGuard, then it is possible that the project is a scam, as generally ICO projects discloses their team IDs. If there is no Team ID disclosure in a ICO project, then it is sure at 50% that it is a scam ! These are the basic detection methods for scam ICOs, ShitCoins, NewbCoins. So when you talk about a coin, don't talk about the price because it is irrelevant. -How the exchanges can fake volumes ? Any developer knows that exchange informations are held in a database, this means that it can be easily changed by a simple query especially if the database is made in order to ease the faking process, so do not trust these informations. -Why some exchanges refuses to list clone coins ? Simply because they are regulated, and in this case, they could be guilty of "Money laundering", and in some rare cases "Terrorism financing" or even "Criminal financing". So in order to avoid these troubles who can lead them to jail, they decide not to list clone coins, or shit coins, and they are totally right about this. |
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I would like to have a small catch-up regarding this project, because i am a little confused about what happeneed, is it a scam ? Why ICO had been cancelled ? what is happening with the code ? still no release (as of firebird's post) ?
I followed the project when he started, and would like to be updated, thank you in advance.
EDIT: Nevermind, i just have been updated, i hope that you will release your project, i am curious about it.
It's good to have you as a supporter. Yes we will release our project, and will be announced on our social links. You can get your curiosity satisfied on our forum. Great, i would have been shamed for helping a scam project, i am glad that you aren't. I will defenitly keep on watching your project, by the way, when do you expect to release sources ? could we have some clues about the language used ? Or some informations like that ? Also, will the ICO be releaunched after your code release ? i think it would be better, this way your investors could check your code, and see if it is legit or not, maybe you can invite some developers to give their thoughts, it could help you to raise funds. |
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Seriously, what did you expected with a coin named marijuanacoin, i am not the kind of guy who judges coins by their name, but here, it was smelling scam at 100 km around.
People should have more serious criterias regarding their investments, in this case, regulation would have been usefull, especially to retrieve people's money.
Not sure from your post if you're taking about marijuanacoin MAR or Marijuaneum XMJ which this thread is about. You use marijuanacoin MAR in your post. Any coin can be a scam, but MAR actually looked good. Had a great wallet, website was nice and integrated with a web wallet, roadmap was do-able, custom block explorer, and he did the burn of the unsold coins. IMO the coin was pretty good. I even overlooked that he left his first coin NUC. Marijuaneum XMJ on the other hand, is a total scam. MAR's dev fled with the ICO coins, read the other posts. Besides of that, do you know who made the wallet ? You should check this post, most of the wallets here have been made for scam projects : https://bitcointalk.org/index.php?topic=1434314.0This guy is making most of the nice wallets you find in these ICO projects, does a nice wallet means the project is legit ? no, why ? i am an early miner of Ethereum, and when it started we had to download two files, Geth and Eth, Geth been the RPC client for mining, and Eth the wallet and syncing client. Look at what it is today, but it means that a project with an ugly/basic wallet can be as legit as a long time established project's wallet. Have you used the bitcoin core wallet ? it is a basic wallet display. |
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There's even the case to drop Doge since the altcoin market trends has changed, and then accept Dash, XMR or maybe ETC? Looking at CMC, those altcoins would be good at first impression. What do you think?
I'd think that Dash or XMR would be the most likely candidates for inclusion as altcoins. They already have ETH so I doubt ETC would be added, but Dash and XMR have been quite popular lately so it is possible those might be considered. and eth are the altcoins that are experiencing high percentage ofgrowth in a short along with capital growth. Looking at the growth recently one of the darkweb have started accepting eth into their business and dash under consideration. So dash seems to be more popular. I don't think so. I think Alex is way too smart to start accepting Dash, a cryptocurrency known to have a scammy history with the ninjamine and the questionable implementation of the master nodes. Word has it that Evan Duffield and his minions control over 50% of the master nodes. Think of it like a POS network made on top of Dash's POW. If more than 50% of the nodes are controlled by one person or one group then they have the power to do all kinds of shenanigans. It is not about coin history, bitdice is a service provider, and in order to get more customers, they must offer support for coins with a big community support or market cap, or volume on a monthly basis. DASH XRM LTC ETH ETC XRP XEM AUG MaidSafe are the top 10 coins for market cap, so if bitdice decides to add a new coin, it could only be one of these. If the owners/devs of these coins wants to takeover they own coins, or apply a pyramid schem (DASH, ETH) it is their problem, bitdice shouldn't care about this, as it's main objective is to get customers to get more profits, in this case, only financial/social "Facts" and "Datas" are to be considered. |
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Please guys (and ladies ?) when you compare two different coins, do it about the development, not the price.
First of all, you shouldn't invest in a coin when you don't have any idea of what it is, or what is the development purpose, nor the development direction.
Second, it doesn't matter if you don't have coding knowledge as long you ask the right questions before doing anything with this coin.
Third, the price of a coin is the last thing to take in consideration.
The future of a coin depends largely on the code quality (BU's code quality is really poor) and on the capacities of the development team (ETH have better capacities then ETC) and for the generale code behaviour and management.
If you invest in a coin with a closed source code, or restricted code editing, then you money isn't safe because it means that the development team is either a newbie team, or, they have something to hide like backdoors, rewards stealing, fees redirecting ...
Now if you consider ETH and ETC in a development basic only, here is what i think about them :
1- ETH have a better development team compared to ETC, because they are the original creators of ethereum.
2- ETH have a better API then ETC because ETC development team isn't as well organized as ETH's team.
3- ETC have an enormous issue with their nodes/bootnodes, as they can't get stable bootnodes, and this screws clients synchronisation, they are still syncing with ETH nodes which leads to connection denys because of back block hash. So your wallet/node will always try to find valid nodes, but there are more ETH nodes then ETC nodes, so it is hard to get nodes unless you have a list.
4- ETH's code is (as far as i know) restricted to their team only, you can make propositions but the final decision is taken by their team, it means the coin is centralized.
5- ETC's code is open, you can open pull requests, participate to the code, which means that it is less centralized then ETH, which is a good point for them.
6- Now comes the price arguments :
6-1- ETH is older then ETC, thus ETH have a lot more supporters, which means the price is higher.
6-2- ETC have a supporting community, but the price is lower, mainly because just a few exchanges/services supports them as they still need to provide more efforts regarding integraiton API.
6-3- Both are the same coin, what ever you say, the price difference is mostly due to the ignorance of people buying something they know nothing about.
Note to people hwo think that ETC is an altcoin of ETH :
" Both ETC and ETH are Altcoins of Ethereum, because both of them borned after DAO hard fork "
You can consider Ethereum as having two branches, ETH and ETC, it is up to you to decide which one suits you, and the biggest part of the answer is related to the DAO hard fork which is the reason for the split.
I know it is a pain to read the white papers, but it is mandatory especially when you invest money.
Ethereum is backed by big banking so basically their team has an open checkbook, which in turn brings the best of the best to their technical team. This all but ensures a minimum acceptable price as well. If ETH was really cryptotocurrency and not a business, there would be no ETC, only ETH. $10-20 ETH. If you believe so, i was just enumerating facts who are pertinent for me. Roger Ver is behinde ethereum, so does UK's secret services (i can post you the proof, as it had been investigated, and proved), this means that this coin have a good supply of money, but it doesn't means that it allows them to get a good code quality as developing an application/software/system in a usual method (by paying devs) leads them to work for greedy reasons. While working on an open source, free to participate leads the developers to provide the best they can offer as the motivation is personal, it would be a shame for a developer to provide a poor code when he works in an open sourced project. |
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Hey folks, Just wanted to give the community a heads up. The "developer" that just finished ripping the community off for 28 BTC last week with marijuanacoin is so greedy that he is now trying to pull the exact same stunt not even a week later. https://bitcointalk.org/index.php?topic=1827213.0He is using the exact same theme and font as the marijuanacoin website and once again trying to get some ICO money from the community. Seriously, what did you expected with a coin named marijuanacoin, i am not the kind of guy who judges coins by their name, but here, it was smelling scam at 100 km around. People should have more serious criterias regarding their investments, in this case, regulation would have been usefull, especially to retrieve people's money. I had a look at this new project, i am sure it is annother scam but should check if both are related. By the way, could someone move this post to the scam section ? EDIT: why is http://marijuaneum.org/ closed ? Maybe someone here got a point. EDIT2: jimmyk is right : https://bitcointalk.org/index.php?topic=1827213.msg18297049#msg18297049 |
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I would like to have a small catch-up regarding this project, because i am a little confused about what happeneed, is it a scam ? Why ICO had been cancelled ? what is happening with the code ? still no release (as of firebird's post) ?
I followed the project when he started, and would like to be updated, thank you in advance.
EDIT: Nevermind, i just have been updated, i hope that you will release your project, i am curious about it.
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As far as i know :
- Failcoin, because their chief is a friend, and he really loves his project, plus they have a great dev.
- Aquarius because their dev is active, really active.
- ETH because they are active, even if they should review their priorities.
- Lisk because they release updates on a steady stream.
- Waves like Lisk
- BTC because it is constant updates, you can even have a live feed at the bitcoin-core-dev IRC chan.
I don't really know for the others, but most of the coins have an active development team, except te scam coins, shitcoins ...
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What are the pros and cons of each and which do you think is superior?
Eth is more superior This is the problem actually, could you tell us why you think ETH is superior to ETC ? Plase argument, i am really curious, but don't tell us that you choice is motivated by price considerations only. |
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the only i know is ETC price is cheaper than Ethereum and we can buy much of ETC than ethereum. actually i don't know about ethereume and ethereum classic project, i only know that both is good investment for long term and we can hold it right now as the price is not really expensive to bougt.
I don't agree here, especially regarding ETC, because if they don't focus on nodes problem, you will just loose money because they would be unable to unify their network and connect to each other. I told them they should use something like bitcoin-seeder to keep track of their nodes, or add a specific signal to ETC nodes to speed-up the nodes filtering. They are still working on it, but i don't know if they are going to be able to solve this problem. And this is the most serious threat a coin could face. |
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Bitcoin is, and will stay the most dominant "Crypto Currency".
Compared to what... ? You should compare what can be compared.
Aha... edit: @ BTCLovingDude: totally agree! Compared to it's Forked coins (BLK, PPC, LTC ...) |
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So i'm on the interwebs and I go to coinmarketcap.com to look for a coin to invest in. I come across bitcoin plus (XBC) can someone explain what cause this very sharp increase in price? http://coinmarketcap.com/currencies/bitcoin-plus/#chartsThis shit was sitting at like $3 / $4 usd for years, then out of the blue, shoots up to $130 USD within a couple hours, and then shoots down to like $30 USD. was anybody able to capitalize off this and sell when it hit that highpoint that it probably wont ever hit again? Does anybody know what caused that sharp increase? Looking at the chart, i can only say it is a P&D coin, made and stored by Poloniex to maintant their traders/whalers. It is common that exchanges creates coins just to stimulate the volumes and attract more users (yocoin). Now, almost every exchange have his own coin, it leaves a wide open door for price manipulation, except for cryptopia, as they coin have a real usage (listing, ads, merchants) |
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1886 Carl Benz invented the mordern car. Today 13 car producing companies are bigger than Daimler Benz.
Who invented the modern computer?
On which rank do you find this company today in the group of high tech producers?
And before Google had its debut on the market, didn't we have Yahoo, Lycos, AltaVista... ?
To say, that BTCs domination will last, means:
I have no visions and no knowledge of history.
It is not the same, you are comparing on a price basics. This is technology who relys on many others, and the main advantage of bitcoin compared to the others is, their code is still actively developed, which is not the case for a lot of altcoins. You should compare what can be compared. For example bitcoin can't be compared with DASH as both coins offer different services and features. You can compare Bitcoin with Litecoin. You can compare DASH with PIVX You can comparez ETH with ETC You can compare BCC with BLK And so on. |
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Please guys (and ladies ?) when you compare two different coins, do it about the development, not the price.
First of all, you shouldn't invest in a coin when you don't have any idea of what it is, or what is the development purpose, nor the development direction.
Second, it doesn't matter if you don't have coding knowledge as long you ask the right questions before doing anything with this coin.
Third, the price of a coin is the last thing to take in consideration.
The future of a coin depends largely on the code quality (BU's code quality is really poor) and on the capacities of the development team (ETH have better capacities then ETC) and for the generale code behaviour and management.
If you invest in a coin with a closed source code, or restricted code editing, then you money isn't safe because it means that the development team is either a newbie team, or, they have something to hide like backdoors, rewards stealing, fees redirecting ...
Now if you consider ETH and ETC in a development basic only, here is what i think about them :
1- ETH have a better development team compared to ETC, because they are the original creators of ethereum.
2- ETH have a better API then ETC because ETC development team isn't as well organized as ETH's team.
3- ETC have an enormous issue with their nodes/bootnodes, as they can't get stable bootnodes, and this screws clients synchronisation, they are still syncing with ETH nodes which leads to connection denys because of back block hash. So your wallet/node will always try to find valid nodes, but there are more ETH nodes then ETC nodes, so it is hard to get nodes unless you have a list.
4- ETH's code is (as far as i know) restricted to their team only, you can make propositions but the final decision is taken by their team, it means the coin is centralized.
5- ETC's code is open, you can open pull requests, participate to the code, which means that it is less centralized then ETH, which is a good point for them.
6- Now comes the price arguments :
6-1- ETH is older then ETC, thus ETH have a lot more supporters, which means the price is higher.
6-2- ETC have a supporting community, but the price is lower, mainly because just a few exchanges/services supports them as they still need to provide more efforts regarding integraiton API.
6-3- Both are the same coin, what ever you say, the price difference is mostly due to the ignorance of people buying something they know nothing about.
Note to people hwo think that ETC is an altcoin of ETH :
" Both ETC and ETH are Altcoins of Ethereum, because both of them borned after DAO hard fork "
You can consider Ethereum as having two branches, ETH and ETC, it is up to you to decide which one suits you, and the biggest part of the answer is related to the DAO hard fork which is the reason for the split.
I know it is a pain to read the white papers, but it is mandatory especially when you invest money.
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Bitcoin's dominance doesn't depend on the price of the Altcoins. Both are totally different, can you compare your mother with other mothers ?
No, This is how bitcoin is different.
Every altcoin investor owns a bunch of bitcoins because most of the time they have to use it in order to buy coins, as it is the most widely supported crypto currency, so i don't consider the screen displayed byt the OP as been a real dominance data.
I suppose that it takes in count hte volume of each cryptocurrency, which leads to bad interpretation.
Bitcoin is, and will stay the most dominant "Crypto Currency".
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I am not really an investor, but if i had to put 100 bucks on cryptos, it would be :
1- Lisk 50$ : Because they have a steady work flow, and will provide for sure a nice project. For long term investment.
2- Golem 10$ : Because, as of now, they still need help to finish their system, and when they will release a functional code, the price will raise for sure, and i will personally use them. Long term.
3- PIVX 30$ : Because it is a bubble, and it can still stay on top for a moment, but i would sell at 25%-50% marging. Short term.
4- Arco 10$ : Because they have a great dev, who is really active, and they deserve to be supported. Long term.
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