Akumaburn and AZIZ,
Why are you even bothering with this thread?
Did you ever notice how most of the old timers and serious developers do not have anything to do with him?
Oh, the irony. Did you ever notice how most of the old timers and serious developers do not have anything to do with goldcoin?  |
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We excelled at spreading GLD.. so keep your delusions to yourself please, almost all of those coins were traded in the first week on cryptsy, https://www.cryptsy.com/markets/view/30 (view first week history). Yeah. You gave a shitload of GLD away for basically free, which was promptly dumped for profit onto bagholders. Great launch guys. Truly. Two, it is about liquidity as most people do not like holding 0.1 coins in their wallet, there is a psychological factor against dealing with decimals for people.
Awful reasoning, and unless someone is mining with an old Pentium 3, they will have more coins than that. Keep trying to justify your shitty launch. You guys are delusional. |
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Any coin that first starts out needs liquidity, and for some reason idiots like you neglect difficulty.
Those coins that had a "fair start" weren't even fair at all because by the time most people started mining the difficulty was much higher than it was for those at the beginning. This is one of the things GoldCoin was designed to work around with those initial super blocks.
Hilarious. You heard it hear folks: GLDCoin dev thinks giving a handful of people a good portion of all coins in existence is a great idea. That's not about liquidity. That's about lining your pockets. A coin doesn't even need liquidity when it launches, because there's no economy for it other than speculative trading. The focus of a coin's launch should be getting the coin into as many different hands as possible. Something that GLD failed miserably at, by design. |
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It doesn't sound legitimate at all. It sounds like the writing of someone who doesn't even have a basic understanding of the problem space.
It ignores the existence of sybils, assuming that an attacker is confined to appear to be a single peer to the whole network. This is crazy, If not for sybils there would be no need for mining at all you could just have nodes produce blocks round-robbin or just directly sense a majority of nodes for consensus.
Even the false assumption that sybils don't exist isn't enough for this scheme, as it requires (see the last page) a centrally announced "checkpoint" to make the protection reliable as nodes enter and leave the network. Moreover, it doesn't describe how it's mechanism wouldn't falsely partition the network in the event that some kind of topology disruption resulted in the network having a small min-cut (e.g. fiber cuts between continents), this wasn't adequate explained but many proposals along these lines in the past have resulted in schemes which would never re-converge again after a modest partitioning: from one currency two result, and all coins can be spent twice (one in each side). It's funny because not only would this proposed system not even work, the goons who proposed it don't even have the technical skills to put it into place to begin with. |
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Like I said, I don't think mtrlt is RealSolid - try reading what I said before trying to bash it.
Of course he didn't force anyone to donate. But he promised that he would build a GPU miner that would be several times better than a CPU, and people "donated" based on that belief. Calling it a "donation" was a lie by mtrlt as well, because as you said, the "donators" were paying mtrlt in expectation of receiving a profit. Lying about the power of the GPU miner to get people to pay is misrepresenting a product you are selling. Even if you call it a donation, you're still lying to get it. I could say I'm collecting money for the Salvation Army, use that to get donations, then keep it all for myself. Oh, but no one can get their money back because it was a donation! I wonder how well that would hold up in court.
Around here in the Alt Space... Its often hard to make the distinction between "scam" and "failure". Many coins/projects are pure scams... And EVERY SINGLE PERSON HERE has mined and pumped a Scam Coin... Because once you get sucked in and own coins = Stockholm Syndrome... Otherwise honest people will defend, promote, fellate their kidnappers/scammers. Then there are projects that fail for technical reasons... You pretty much have to be an engineer to tell the difference. In addition, RS endured wave after wave of DDoS attacks that crippled SC... Like a medieval castle under seige by a 1,000 flaming catapults... So it all gets really murky what really happened to the wallets... And whether walking away was RS only option. 2011 is called the Upper Paleolithic period of the Alt Space... When Alt Miners were indiscriminately interbreeding with Botnet and Spam Lords... Before the glaciers moved in... resulting in wholesale extinctions. Darwinian theory asserts that the fittest survived and moved on... With MCX an example of a particularly brilliant stroke of Genius and Obsession... I can guarantee you RS would rather be running MCX 18 hrs/day... Then relaxing on the beach or being an idle rich dude. MCXNow was originally created as a place to dump mincoin, one of the most blatant scamcoins ever. Should tell you all you need to know about RS. |
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So instead of using GPUs to mine, you just want to use chinese kids?
That already exists. They're called sweatshops.
First if someone use children to work - this is crime. It is matter of laws. You do not think enough. As I said, nobody will find workers for that, because workers will work for yourself, not for someone else. If you pay to worker $1, he must bring to you $2 (for example). He can't be so naive (even children), he will work for yourself, not for you. Yeah, laws are great, and they work! Oh wait, they don't.  |
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So instead of using GPUs to mine, you just want to use chinese kids?
That already exists. They're called sweatshops.
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can you do an unbiased article about IFC. about its launch, devs, community and current situation.
I'll add it to the list. I also seen that your post in the "FTC Oxford" thread was deleted. that sucks.
Along with a bunch of other ones. Who knows. Didn't get a proper explanation. |
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You do realize that you can pay third world people to solve captchas for you at the price of about $1 per thousand, right? |
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As far as I know nor BTC-e owners neither BTER owners published their real identity. Haven't seen such thing on Cryptsy as well. I think if we trading on an unregulated market we should not expect the same behavior as we expect in the case of a regular bank.
RS talks all day long in Chat Box... I've been following him for a month.. And he seems to be a FAR more decent fellow than his Stalkers. What kind of idiot thinks he knows someone after watching them talk in an internet chat room? You, apparently. |
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Launched at altcointalk first! Not even worth looking at. |
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Let us not forget kimoto's famous words right before he had to issue a patch changing the ports:  "Reasons beyond my understanding"  |
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And here's the REAL bitcoin killer, ladies and gents.
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primecoin: innovative as it solves large prime chains... gpu hostile. fpga hostile..
There's no such thing as gpu/fpga/asic hostile. If these coins had a market force behind them like Bitcoin did, you can bet your ass an ASIC would be out without months. I did not say it was asic hostile... they have been working for months to migrate a miner to gpu, with less then stellar results. I think if you asked the guy trying to get it working well on gpus... he would say it was hostile  There's little motivation when the market cap is so low. It all comes down to the money involved. |
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primecoin: innovative as it solves large prime chains... gpu hostile. fpga hostile..
There's no such thing as gpu/fpga/asic hostile. If these coins had a market force behind them like Bitcoin did, you can bet your ass an ASIC would be out without months. |
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Nigeria is a country, don't have nothing to do with race............ You are suggesting i'm a nigerian scammer NOT A GOOD JOKE! STUPID AMERICAN ! You seem butthurt. Stupid nigerian. |
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Well I can tell from your behaviour here, in this single thread, that you are highly SUSPECT of hidden agendas.
Would I trust you $1? No.
RealSolid is a whole different story.
Idiot, RS has a history of scamming the community. Don't be upset when your money goes missing one day. |
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