Bitcoin Forum
June 24, 2024, 02:39:38 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Garlicoin - Reddit's Garlic Bread Worshiping Currency on: February 07, 2018, 01:54:44 AM
Thank you for creating the official thread!! Cheesy
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SCAM] GARLICOIN - Reddit's Garlic Bread Worshiping Currency on: February 06, 2018, 08:33:29 AM
This is not good...

There seems to be a lot of brand new accounts all shilling this coin now - are they the same?

I wondered why the hell the dev would use Nscrypt as it's an outdated hashing algorithm and half of the mining community would have to put extra effort to mine. There is Equihash, Ethash, Cryptonite, lyrca2rev2 which are ubiquitous throughout crypto at this time and have development and there are no known ASICs.

After research I see that there probably is an ASIC for Nscrypt, old it may be but more than likely to have an advantage over the rest of the miners - is this connected to the dev in any way?

Even if there isn't an ASIC there still is the issue of the 200k coins in this pocket, does the community have the address of the community fund or is it faith?

Either way the chain needs forking to a hashing algo that isn't sketchy and if the dev can or will do this I doubt very very very much. Otherwise this coin will die, large community notwithstanding.

Not FUD I have been mining GRLC for nearly 2 weeks now and this is coin is looking worse than the total crypto market cap right now...

1). If you have done your research, please share it rather than just claiming it. From my understanding, there isn't exactly a profitable ASIC for this.
2). The so called 200k coins are being airdropped. One, personally, have already received the airdrop.
3). Not having a fork will not kill this coin
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SCAM] GARLICOIN - Reddit's Garlic Bread Worshiping Currency on: February 06, 2018, 01:23:32 AM
A simple google search (ironic, considering OP is a self-proclaimed "professional googler") will show how unviable the KNC titan is as an ASIC miner.

1). KNC titan is most likely a scam
2). High-fixed cost --> not profitable.

OP also fails to know anything about the ASIC mining industry. The Newest ASIC miners are becoming outdated/unprofitable in an ever-increasing rate. And OP still thinks KNC Titan, an expensive ancient junk from 2014, will discrupt the GRLC system.

Not to mention how OP repeatedly failed to prove GRLC is not ASIC-resistant.

My advice, report OP and his thread to the mod.
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SCAM] GARLICOIN - Reddit's Garlic Bread Worshiping Currency on: February 06, 2018, 12:45:08 AM
Can we stop adding to the flame and just Report this guy and his thread?

He's either
1). Extremely stubborn/dogmatic and like to stick to his narrative despite reasons
2). a troll that has too much time on his hand
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SCAM] GARLICOIN - Reddit's Garlic Bread Worshiping Currency on: February 05, 2018, 07:07:26 PM
Well, I think this is not legit. I wonder why bitcointalk administration hasn't been contacted before there are 18 pages of FUD. And now it has grown into a nice heading.

To answer your question, it started as an [ANN] post without all this accusation. He cultivated this post to 18 pages. The he pulled a bait-and-switch and abruptly changed everything on the first page.
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SCAM] GARLICOIN - Reddit's Garlic Bread Worshiping Currency on: February 05, 2018, 06:43:54 PM
How can I report you to the bitcointalk staff, this is a joke. You have no idea what you're talking about

To report him or the post, there are 2 ways.

1). go to the first post and on the corner click "Report to Moderator"
2). contact the moderator directly. There are couple mod listed here (https://bitcointalk.org/index.php?topic=1435600.0). I think you can either report the person or the thread with this method.

I went with method 1 already.
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SCAM] GARLICOIN - Reddit's Garlic Bread Worshiping Currency on: February 05, 2018, 06:28:58 AM
I'm sorry but the more comments I read from you the more I realize that it's a case of poor Due Diligence.

1). Your entire claim is based on one speculative Reddit post. If you read the comment section of that post, you would realize how wrong /u/kamencco (the OP) was (i.e. not fully understanding what scrypt-n is).
2). Taking a step back (assume GRLC isn't ASIC resistant). The coin started off as a meme coin. To most ppl (probably even the devs), scrypt-n is analogous to ASIC-resistant. It's highly defamatory to accuse the devs as scammers. They clearly didn't intend to use "ASIC resistance" as the platform to rip other redditors off. (Of course, there might be a rogue dev right now but I'm pretty sure you weren't specifically describing him).

It's fine to hate GRLC and give constructive criticisms about the coin. However, it's unfair to make sweeping accusations about the coin (i.e. calling it a scam). Also, note that GRLC is a month old meme coin. So please make balanced comparison with decade old currency disruptor like bitcoin.

Garlicoin was released and marketed as ASIC resistant with the devs either willfully lying or being ignorant. Either would be extremely irresponsible ans showcases their incompetence. "ASIC resistance" is still on the official website...

Garlicoin is NOT ASIC resistant and the developers lied about this. Facts, not speculation. It's sad to be coming to this realization but the truth has to come out.

Keep on saying that its not ASIC resistant does not suddenly make it "Facts". You cited zero sources other than that heavily debunked reddit post. If you hate GRLC, that's completely fine. Just don't influence other people with your unsupported belief by having that red, bolded warning sign on the first page and the [scam] title.
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SCAM] GARLICOIN - Reddit's Garlic Bread Worshiping Currency on: February 05, 2018, 05:21:03 AM
I think you are abusing your power as the OP to call it a scam.

1). The so-called banned post is clearly live. I saw that post right before visting this thread.
2). Banning a speculation reddit post about the possibility of ASIC does not make a coin scam
3). No hard fork = scam? I guess most cyptos are scam.

Yeah I suggest that OP remove the scam tag. There is no conclusive proof or evidence that there are indeed ASICs in the network.
There can't be definitive proof of ASICs being on the network and that's really besides the point here. Miners can disguise their hashrate, solo mine etc. But even under those conditions we see absurd hashates from the top minees on pools.

The fact that developers falsely advertised the coin as ASIC proof is really what matters. The coin's chain is under constant threat of attack this way and the ASICs already in existence could do so easily. Not to mention that such an algorithm would allow for the creation of further ASICs.

I'm sorry but the more comments I read from you the more I realize that it's a case of poor Due Diligence.

1). Your entire claim is based on one speculative Reddit post. If you read the comment section of that post, you would realize how wrong /u/kamencco (the OP) was (i.e. not fully understanding what scrypt-n is).
2). Taking a step back (assume GRLC isn't ASIC resistant). The coin started off as a meme coin. To most ppl (probably even the devs), scrypt-n is analogous to ASIC-resistant. It's highly defamatory to accuse the devs as scammers. They clearly didn't intend to use "ASIC resistance" as the platform to rip other redditors off. (Of course, there might be a rogue dev right now but I'm pretty sure you weren't specifically describing him).

It's fine to hate GRLC and give constructive criticisms about the coin. However, it's unfair to make sweeping accusations about the coin (i.e. calling it a scam). Also, note that GRLC is a month old meme coin. So please make balanced comparison with decade old currency disruptor like bitcoin.
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SCAM] GARLICOIN - Reddit's Garlic Bread Worshiping Currency on: February 04, 2018, 11:48:25 PM
I think you are abusing your power as the OP to call it a scam.

1). The so-called banned post is clearly live. I saw that post right before visting this thread.
2). Banning a speculation reddit post about the possibility of ASIC does not make a coin scam
3). No hard fork = scam? I guess most cyptos are scam.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!