i think it's fair to read the response to this thread from one of the team members: https://github.com/bitcoinx2/spectre/wiki/Proof-that-XSPEC-is-NOT-a-scami think it's a good thing that one of the team behind this project admits some made mistakes and doesn't deny your exposed facts but clears some things up and explains their sight from "behind the scenes". please don't consider me as a "shill" or whatever because of this post. i am just a small investor with about 500 coins who also thinks critical and trys to see things objective and from both sides. i see your points which are mostly facts which are checkable and verifiable. your points showed that there are some promises of one developer not delivered and some things not as they were supposed to be. i think you have done nice research and your findings are helpful for many people who are involved into this project. but i just think because of that it is not fair to call this project a scam. you just showed some weaknesses and mistakes being made of one single person. i have no further proofs of anything besides the official definition of a "scam", which definately does not describe it being a scam if one person doesn't deliver his promises on time and even not if he doesn't tell the truth. all of this doesn't make project a scam. and it is always difficult (sometimes even not possible) to judge about someones work only based on the actual results you can see. of course you obviously have enough experience to estimate and evaluate the neccessary amount of work for the actual results to this moment. but still you cannot be 100% sure if that's really all the work which that person had done all the time. i don't have any facts to prove this but this should be common understanding. maybe you are right on this one but this point cannot really totally be proven as you haven't seen him all the time what he has done for the project or not. i know my statements are pretty close to the content in the linked response above. but this was exactly my opinion on this the whole time although i'm not involved with the team myself as i mentioned above. |
|
|
|
|
yea, it's very good that you comment on the scam accusations and explain why the work (or maybe lack of work) and possible mistakes of one person doesn't make a whole project a scam.
that's what i also posted and already tried to explain in those threads.
also admitting own mistakes and weaknesses is important to bring back the trust to many people.
i have also stated that it is always difficult to judge someones actual work only on the results he delivered.
|
|
|
|
Excellent explanation bro. Thanks a lot, you saved many of us and from little to big investors. Yes, now I can see they are SCAM. Who knows how many scams are around us! That's pretty scary for me, I don't have much to invest and lose. Everyone be careful.
and how exactly can you see that now? just because a developer didn't do as much work as he pretended the whole project suddenly is a scam? also without his work the coin was already a good working product before that and it still is. although this coin is not really different than the former shadowcoin, so what? it has still a very good technical structure. and besides of this one developer there is obviously a great team behind it. let's wait and see what will be added to it in the next months to become an even greater coin. |
|
|
|
Price is only down like 70% since cancellation of airdrop. How can you not interpret that as a great success and ringing endorsement from the community of folks who already owned byteballs? Clearly price would have dropped like 90% if coins were distributed on full moon  yes, exactly my point. this march airdrop should have been the last one but it was the very wrong decision to cancel it in the last moment after advertising it for several weeks and giving investors a false motivation to invest. how should investors and supporters keep believing this head developer and main coin holder after this? although he might have not promised it 100% he still changed his mind about a very big issue with lots of investors and supporters being involved who are very upset about his sudden mind change and lost their trust in him. i actually think it was not his own idea to cancel this airdrop, it was rather the "great idea" of some of the newly hired consultants and "marketing experts". their ideas for the new distribution methods might be not bad in theory how they could work but in practice these methods will fail and the whole project will suffer (does already) because of this "innovative" idea/decision. after doing this last airdrop there would have been still enough of coins left for these "little nice ideas" to try these new ways of distribution. but that way they wouldn't have had so many investors and (former) supporters being upset and would have maintained the overall trust of the community. let's just hope that in long term the good technical structure of this coin makes it survive this issue and grow again. i hope they will find some better ideas for the distribution of the rest 40% in which the actual supporters could take part a little more. |
|
|
|
yea, sorry for that. but i did that on purpose because i wanted the people from both threads to read that. actually i wanted to post the same in your thread as well. but maybe like this it is enough.  |
|
|
|
I just registered for the airdrop like a week ago, do I need to have at least on bitcore in my wallet in order to get the airdrop?
what do you need the airdrop for if you cannot even afford 1 single btx? the airdrop for 1 whole btx would be worth only about 7 cents at the moment. so you would like to buy even less than a btx for getting a tiny few cents from airdrop? why that?? you basically want to spend let's say 5 dollars for getting like 3 cents from airdrop? so this makes absolutely no sense and wouldn't be even worth the effort to buy less than 1 btx although its currently as cheap as only 10 dollars at the moment! It's 70 cent just saying... why even rant this much, let this guy have his fun with 1 BTX, he was just asking a question true. you are correct on both. sorry. but still wondering... |
|
|
|
I just registered for the airdrop like a week ago, do I need to have at least on bitcore in my wallet in order to get the airdrop?
what do you need the airdrop for if you cannot even afford 1 single btx? the airdrop for 1 whole btx would be worth only about 7 cents at the moment. so you would like to buy even less than a btx for getting a tiny few cents from airdrop? why that?? you basically want to spend let's say 5 dollars for getting like 3 cents from airdrop? so this makes absolutely no sense and wouldn't be even worth the effort to buy less than 1 btx although its currently as cheap as only 10 dollars at the moment! |
|
|
|
|
ok, good finds of gunner833 and preshpr1nce and quite interesting for investors (especially for very cautious, hesitant, and risk-averse investors).
jpg seems to be caught and embarrised by you because he obviously hasn't delivered enough results within that quite big time frame.
but does this really make the whole project a scam or would it even be "proof" for a scam?
i would bet you would find similar things in many coin projects if you would just dig deep enough into them.
some of them might indeed be scam projects.
but in this one i'm not sure about that.
there seems to be still a good team behind it and the technical structure of the "shadowcoin" is pretty nice and solid.
as it seems the team is trying to solve the issues and make up for the done mistakes.
i think jpg should admit his mistakes and give away a big part of the work into other hands what he obviously already does (at least partly).
although jpg might have delivered too less of programming work he could have still done some more work around it than it seems to us.
maybe he spent alot of time with researching the code and whatever else.
not all of someones work can 100% be controlled through physical results.
we cannot really tell.
and also the coin is already working well so maybe it wasn't too urgent to improve things on the technical side.
but i still agree with you guys that it was just not enough of what jpg has delivered until now.
i will hold my coins and hope that other programmers will take over the work now and in the future.
and maybe jpg will still deliver something on what he has promised.
|
|
|
|
|
ok, good finds of gunner833 and preshpr1nce and quite interesting for investors (especially for very cautious, hesitant, and risk-averse investors).
jpg seems to be caught and embarrised by you because he obviously hasn't delivered enough results within that quite big time frame.
but does this really make the whole project a scam or would it even be "proof" for a scam?
i would bet you would find similar things in many coin projects if you would just dig deep enough into them.
some of them might indeed be scam projects.
but in this one i'm not sure about that.
there seems to be still a good team behind it and the technical structure of the "shadowcoin" is pretty nice and solid.
as it seems the team is trying to solve the issues and make up for the done mistakes.
i think jpg should admit his mistakes and give away a big part of the work into other hands what he obviously already does (at least partly).
although jpg might have delivered too less of programming work he could have still done some more work around it than it seems to us.
maybe he spent alot of time with researching the code and whatever else.
not all of someones work can 100% be controlled through physical results.
we cannot really tell.
and also the coin is already working well so maybe it wasn't too urgent to improve things on the technical side.
but i still agree with you guys that it was just not enough of what jpg has delivered until now.
i will hold my coins and hope that other programmers will take over the work now and in the future.
and maybe jpg will still deliver something on what he has promised.
|
|
|
|
why don't you guys just use the main thread for safex, so everybody who is interested in safex can read what you have to say? only a few people are looking into this thread sometimes. main safex thread: https://bitcointalk.org/index.php?topic=1378204.0 |
|
|
|
Hello,
This is on the site:
2nd round on Feb 11, 2017: 121,763 BTC linked, 1.8% distributed;
3rd round on Mar 12, 2017: 129,139 BTC linked, 2.0% distributed;
4th round on Apr 11, 2017: 145,441 BTC linked, 2.3% distributed;
5th round on May 10, 2017: 207,672 BTC linked, 2.9% distributed;
6th round on Jun 9, 2017: 453,621 BTC linked, 6.6% distributed;
7th round on Jul 9, 2017: 949,004 BTC linked, 11.0% distributed.
8th round on Aug 7, 2017: 1,395,899 BTC linked, 16.0% distributed.
9th round on Sep 6, 2017: 1,306,573 BTC linked, 5.7% distributed.
10th round on Nov 4, 2017: 1,093,155 BTC linked, 6.1% distributed.
Where can i see updated info about the distribution?
You may look backward on this thread. Or you can trace the posts by tony. In somewhere, he presented his idea about the next round distribution. Thanks for the help! Not taking the time to update the site with this info says a lot about the seriousness of the project though  just read further on that same homepage! it explanes all distribution details on there. what you quoted from there was just the old distribution method. the new ones are written somewhere above these. being lazy on reading the homepage and then questioning the seriousness of the project... those are the right people we want in this project! |
|
|
|
so if the staking reward is totally random and the chances are the same everyday it basically means that in theory if you have always bad luck you could probably never ever get any (accepted) reward whilst someone else with the same staking amount and alot of luck could get many rewards every couple of days?
that's not really a fair system isn't it?
why does this coin have such a bad and shitty pos system?
i know other pos coins which have a more fair system in which your chances get higher to get a new reward if your last reward wasn't accepted.
i'm getting really upset because of this and it feels like i get ripped off in some way because i let my computer running day and night and have the costs for electricity.
i'm staking more than 500 spectre for several weeks now and didn't get anything yet.
twice it showed a staking reward of about 2 spectre each but both weren't accepted.
it's just not fair if it only depends on luck or bad luck (apart from staking amount).
some other factors should be included such as waiting time (i.e. by dynamic staking weight).
This is not unfair, and it is not "our" proof of stake system. It is called PoS v3, used by hundreds of coins. The coin age factor was removed compared to the previous version, PoS v2. For more info, see https://github.com/bitcoinx2/crypto-intro-guide/wiki/Proof-of-StakeIf you let your computer stake for one year, then you will receive about 5% of your balance in total, within a certain confidence interval. As you only have 500 coins, that would be 25 XSPEC. Each stake has a size of about 2 XSPEC, so you will get roughly 13 (accepted) stake rewards per year. thanks for your answer and that interesting link about the pos v2 and pos v3. but i really wonder why they have removed that "coin age factor" in pos v3. what's the benefit from removing it and what else are the advantages of pos v3 compared to pos v2. in the link you provided it is not explained in detail. at least there should be some kind of factor which recognizes not accepted rewards and increases the chances to get a new reward some time earlier. the "bad luck thing" with not accepted stake rewards is really not fair in my opinion. what if someone has always bad luck with it? (sorry i don't wanna annoy you with this issue.) |
|
|
|
Finally i sold most part of my stake, i don't want to wait few weeks before the end of airdrops, i don't want to risk so much and i settle now. I made a really nice profit and no other coin gave me that, thank you so much to the supporters, the team and the project. It was fantastic, thank you again BTX.
What percentage of your BTX stake did you sell? Luckily at the time i write this post, i sold all my stake. I didn't wanna risk so much cause i knoe that people are interested only in airdrop.. And seems i made a very good choice. It was a fantastic journey, thank you so much to the developers of this coin. are you serious? what exactly is "luckily" about selling your btx right before the next airdrop?? sorry i'm not trying to insult you but that is very dumb. you are about to get 7% for your stake on monday! and there are still some mondays more to get even more free money. you are giving away free money and you feel lucky about it?? |
|
|
|
thanks for your answer.
what i meant with "whole time" is that i initially had to wait one month for the first reward which wasn't accepted unfortunately.
now is it possible that i have to wait for another month to get another reward (which is hopefully accepted then) or is the possibility bigger now to get something earlier?
i mean if the chances of getting a reward have increased because of that not accepted reward or got my chances "reset"?
No, your chances are the same every day, they only depend on the amount of coins you have. so if the staking reward is totally random and the chances are the same everyday it basically means that in theory if you have always bad luck you could probably never ever get any (accepted) reward whilst someone else with the same staking amount and alot of luck could get many rewards every couple of days? that's not really a fair system isn't it? why does this coin have such a bad and shitty pos system? i know other pos coins which have a more fair system in which your chances get higher to get a new reward if your last reward wasn't accepted. i'm getting really upset because of this and it feels like i get ripped off in some way because i let my computer running day and night and have the costs for electricity. i'm staking more than 500 spectre for several weeks now and didn't get anything yet. twice it showed a staking reward of about 2 spectre each but both weren't accepted. it's just not fair if it only depends on luck or bad luck (apart from staking amount). some other factors should be included such as waiting time (i.e. by dynamic staking weight). |
|
|
|
Congratulations to the winners that deserve it! But... I feel for everyone that actually put some effort into making their banners from scratch like myself... instead we find the winner had taken all of two minutes if that out of their day to edit some text instead of actually putting some thought into making a banner, they didn't even edit the colours of the default template that was used, which is shocking when many of us spent many, many hours if not days choosing the perfect font, colours, alignment, effect and just a general thought process which was 100% more then what the winner had done but he still walks away with $756 worth of BTX at today's rate. I also sense some foul play when you look back over the contest... Several accounts all posting the same link for example... pretty much all of these users last logged in on the same day at the same time to spam the same link umm?? Then we get comments like this from the winner... Quote from:Dread Pirate Roberts Quote from: Ale91 on February 20, 2018, 09:08:39 PM Delorean's banner is the best...Others not are bad but what's so special about this https://i.imgur.com/0R44RRL.gif ?? I think there is manipulation please verify Quote https://i.imgur.com/viWOrZ6.gifHow you know it was DeLorean design ? look suspicious Im also vote https://i.imgur.com/0R44RRL.gif 3D effect was so smooth . mature design . the most eye catching. im also agree with him Quote from: Bombardier on February 20, 2018, 01:31:09 PM although I appreciate the work of those who have created the banners, many of them are childish with moons, rockets, cartoons, whales etc. https://i.imgur.com/0R44RRL.gif this one is very professional and straight to the point, that's why i like it so much. for the world to take this project seriously into consideration we should look mature and serious. just my 2 sats Btw you looks like this 3 user Grin https://bitcointalk.org/index.php?topic=2981999.msg30678778#msg30678778 lol imagine if you actually made the smooth 3D effect, mature design and most eye catching you could then actually be proud of yourself instead of been a fraud I'll just leave these quotes here Like what? i've voted normally on first page in my opinion https://i.imgur.com/0R44RRL.gif look suspicious because too much vote immediately on ordinary banner..But I could be wrong of course In my opinion is too ordinary...others are far better and newbie account here is also suspicious
https://i.imgur.com/0R44RRL.gif is 1 mb+ banner. Adsense can't use banner more than 150 kb. 1.15mb is very big. and CI told us just use 3 pink color ,white color and black color ... i can make rainbow color and very smoother big file size on my work too if i know. at last thing on my work is use " The predominant font used for Bitcore is Century Gothic. Whenever Bitcore is used as a corporate identity it should be bold, in italic and using lower case. Like this: bitcore" it's very very close to CI. It's sad time ... rip my 63.5 kb banner. Congratulations to the first Place Dread Pirate Roberts - you deserve it!
lol really?? quote from same user as the winner only different(alt) no one said you cannot use a template banner therefore the winner didn't broke the rules. the most important thing was to make an eye catching banner respecting the requirements and that's what he did. Thing is you didn't actually make anything nor did you meet the requirements colours etc but somehow still got through! This competition was flawed from the start and the devs have been cheated just like the genuine participants who put in hard. PS: sorry to post in the ANN but the over post is locked so had no choice. Good luck with BTX devs and make it the game changer it as potential to be i feel with you. but sadly that's the way it works most of the times. those who would deserve something don't get it and those who take the very easy way and support it with scammy ways (i.e fake accounts) get way more than they deserve. therefore i don't take part in these kind of "contests" anymore. if you think that people would recognize the cheap and quick work with low quality and therefore wouldn't vote for it, you are wrong unfortuantely. so better don't invest too much work and time into such a thing. especially on the internet are many professional scammers from certain countries who are very experienced in getting money in a immoral and unethical way. |
|
|
|
edit: censorship?
UPDATE #2: Some of you might find it interesting that I made a very similar post on the ByteBall bitcointalk.org thread which immediately got deleted by a moderator - no reason given.
Why was my post deleted? What was so offensive? Did I not make some valid points and provide a decent suggestion to manage the optics of the announcement?
As a sincere ByteBall fan who is only seeking the best for the project, I find this kind of censorship deeply disturbing.
I have no idea why your post was deleted, moderation on this forum is totally out of my control. ------------- I understand it was painful for many community members to hear that the March airdrop was cancelled. But it had to be done for the reasons I stated in November and repeated a few days ago. Back in summer, there were concerns about what happens when we distribute all the coins and the 10%-20% monthly holding reward goes away. Since then, we reduced the reward, slowed down the balance-based airdrops, and finally phased them out. Now, the concerns are over. Going forward. In my mind this is HUUGE! It demonstrates: #1 You do not condone censorship and are not a tyrant. #2 You do care about your Community and ARE sensitive to how we feel. It's really great to hear that you understand the cancellation of the Airdrop was painful for many. I for one completely understand why you had to do what you did - I only wish the whole thing was handled with a bit more sophistication and regard for how things would look to a big chunk of your Community. We need unity - not more division. But, you have fully restored my faith and confidence with this response. We should all understand that ByteBall is still very young and needs nurturing before it can be more decentralized. and there are many, many moving parts to consider before making changes that the Community might suggest. I will continue my mission of trying to unite the Community so that you can trust us with your baby more and more as time passes - keep in mind, it's our baby too now:-) More on this soon... - If anyone would like to read the post in question, here it is: https://www.reddit.com/r/ByteBall/comments/7ylc73/dear_tonych/are you serious? he "cares about the community" and listens to it? just because he picked a little thing out and said that he wasn't the one who censored it? there are so many uncertaincies and open questions which he doesn't even touch in the slightest. still nobody knows of what happens to the last 40%. the new distribution methods are not a fitting answer for that. there are so many good ideas and advices from the community about how to solve the unsolved issues but he gives a damn about it and just says that he didn't censor anything himself. really? and that is enough for you and everything is good now? sure the community is united again now because of that little response of him. |
|
|
|
Join our discord and see the support first hand, Our first goal is to give a massive airdrop back to the community I speak publicly on all issues including live Q&A's i think my public presence should show my dedication and commitment to everyone's investment. We already been approved for three new exchanges and have been working non stop communicating to the community on current issues. https://discord.gg/ueumHsELast post, whats your premine on the new chain? If all this shit is going to happen why quickdeal didn't dump all coins right now on cryptopia ? Good question hun? Because he can get the new coins after the fork. There is now way to lock him out if he keeps a bunch of coins in some random wallet The hijacker can recreate the genesis and swap the coins 1:1 and eliminate quickdeal IF this is not more lies miner, i like your differentiated view on this issue. basically you are right in some way but... as soon as this san guy/quickdeal let icojody be liable for everything with his name on all of the official papers (hseems that he did that because of a scammy reason), he gave the right of his idea away. so icojody is not really stealing/hijacking that project. he is the responsible person of that project with his name on the official papers combined with all the responsibilities and legal issues. quickdeal simply gave away his rights (for whatever reasons he had for doing this). icojody basically has to take the responsibilities for this project because he would be the one who can get sued if this turned out to be a scam. if this "official name thing" wouldn't be a fact, you were basically right with your view/opinion. of course i don't know the actual facts myself. i'm just interpretating from what i have read from both sides. |
|
|
|
i will add another 100 xspec very soon, then it would be a little more than 500 staking.
my connection is steady and reliable and my wallet is almost staking 24/7 with a few interruptions sometimes.
are these few interruptions very bad for the staking?
concerning the not accepted reward, will i have to wait the whole time again now for the next possible reward or will it take less time now because it wasn't accepted before?
how many connections would be the optimum?
i have usually about 20 connections.
is that enough or should i try to increase the amount of connections by adding more nodes?
how about keeping the wallet "active" (not just open for staking)?
for another coin i have read that it was good to keep the wallet active by doing little transactions, i.e. sending a certain amount back to exchange and then back to wallet while coins are maturing after doing coin control.
this is supposed to boost the stake rewards.
does anyone know about this?
Interruptions in being online don't have a big influence, the only thing that's significant is the total time you are online. There is no "whole time" you have to wait again, it's all random. The displayed time is the estimated average waiting time for people with a similar amount of coins. 20 connections is perfectly fine. 1-2 connections would be enough for being able to stake. You are staking inputs, not coins. If you have received a new input, it is excluded from staking for a certain time, so it is best to just leave your coins sitting in your wallet and wait. thanks for your answer. what i meant with "whole time" is that i initially had to wait one month for the first reward which wasn't accepted unfortunately. now is it possible that i have to wait for another month to get another reward (which is hopefully accepted then) or is the possibility bigger now to get something earlier? i mean if the chances of getting a reward have increased because of that not accepted reward or got my chances "reset"? my other point was if "coin control" and "active wallet" have also impact on the staking like it is the case for other coins or not? |
|
|
|
Just over 400 xspec is a little low for stake rewards.
you didn't mention is your wallet running 24/7 and if your connection is steady and reliable.
That's very important in staking PoS coins.
As far as being accepted....that is just bad luck.
It's the equivalent of mining a stale block on a PoW blockchain.
Another wallet earned the reward before you did.
i will add another 100 xspec very soon, then it would be a little more than 500 staking. my connection is steady and reliable and my wallet is almost staking 24/7 with a few interruptions sometimes. are these few interruptions very bad for the staking? concerning the not accepted reward, will i have to wait the whole time again now for the next possible reward or will it take less time now because it wasn't accepted before? how many connections would be the optimum? i have usually about 20 connections. is that enough or should i try to increase the amount of connections by adding more nodes? how about keeping the wallet "active" (not just open for staking)? for another coin i have read that it was good to keep the wallet active by doing little transactions, i.e. sending a certain amount back to exchange and then back to wallet while coins are maturing after doing coin control. this is supposed to boost the stake rewards. does anyone know about this? |
|
|
|
|
i'm not sure if i'm doing something wrong with staking (windows wallet) or if i'm just having bad luck.
i am staking 410 spectrecoins for a month now and didn't get any stake reward yet.
yesterday i got my first reward (about 2.5 spectre) but it hasn't been accepted (so still nothing yet).
is this normal or just bad luck?
is there any option to improve my staking?
|
|
|
|
|
Show Posts
