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In light of the recent Satoshi hack it made me start thinking about the bitcoin "backup coin".
How long until from a technical perspective a cryptonote coin (Probably Monero or Boolberry) can handle the # of addresses & transaction volume of bitcoin? (Knowing that litecoin COULD is partially where I believe it's value comes from)
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please PM me with any info you have on current or pending legal action against Jasinlee/Jason Hudgins and whether or not he has been reported to the DA in Florida and any business concerns regarding XC and CACHE. Looks like this could be class action with as many people he is defrauding.
I'm posting this here for the benefit of anyone else paying attention. PM Atomicchaos for the details of the legal action being taken and how you can get involved. |
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You can't be reasoned with.... You are like one of those loons you find in the conspiracy section of the psychiatric ward.
Yep - I'm just a butthurt ex ASIC buyer who got too greedy. And deserved to be scammed.  You get a gold star for shilling. Please quit posting here and let this thread drift off - I'm tired of seeing it on the front page. The attempts to discredit me have been repeated over and over again. Posting it more won't help. I've not stooped to the same namecalling that the XC PR team & shills attacking my character rather than dealing with the individual facts I have provided them with have chosen to do. It is getting incredibly spammy. And I feel the need to respond on this thread (which grows it beyond what anyone but myself and the XC shills are reading) Please AT LEAST include cool artwork in more character attacks or just shut up. I know you think I belong in a mental ward, I won't listen to reason, I was greedy and deserved to be scammed, etc etc etc. Plz stop it - tired of seeing this thread at the top of the forum. |
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[IMG]Some mockery off topic humor.
The only alias I've posted about XC & Jasinlee has been my own (Welcome to look at rdnkjdi @ litecointalk). I can appreciate the humor and artwork. For the record - this was deleted from the XC chat thread because it summed up my complaint up too well. Mocking and making pointless theories and accusations about me is "On topic" for this coin. My explanations are not. (Original post I was quoted in is still there - my response is not) The salty tears caused by un-diversified bad investments. No. They are caused by lies and business practices that would land you in prison in a regulated world. It's great to see the XC camp is still fully invested in Jasinlee's success. I lost way more putting money into a coin and I didn't have a problem with it. Because I was not lied to. And I was not used to extract 99% value out of the pump of a shitcoin and then offered a 1% refund in an extremely pre-meditated action. P.S. You guys expect me to go away but keep mis quoting my statements or the situation. If you'll shut up about it I will. (I would still like a statement that no money was received from Jasinlee post ASIC project funds being received by him) |
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Thank you for the well wishes. |
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wildly subjectively informed statements If everything I've said about Jasin is completely untrue. Those # facts are backed up by - you know. Official XC PDF documents, website history, posts that are quotable. I love you think you can tell me what to do. In a thread I created. And rewrite history by making your fonts bigger Best of luck to you. I think the anger is possibly clouding some judgement. Perhaps you are right. I'd considered doing this thread before and decided it was not warranted. Because Jasin was promoting XC with the ASIC website after taking it down. But then decided it was unwarranted since their relationship appeared to be a one way relationship (Jasinlee -> XC) rather than a two way relationship. Until XC people confirmed Jasin was still involved in the project. They proudly said he was and I needed to GTFO off their chat thread until I publicly embarrassed them. Then they decided he "wasn't involved" The odd part is that I recently sold my miner shares (which don't even exist anymore with the current state of the website) to someone else (70% off the original purchase price ... better deal than my Cache refund). I have nothing to gain if Jasinlee decides to rededicate his website from XC back to creating ASICs (Something I'm fairly convinced will never happen). I'm just sick of seeing people getting away with ripping others off. And sick of altcoins who don't give a shit if their devs are pure scammers. I was told he was a dev a few days ago and see no substantive evidence he is not. Otherwise there would not be the rabbid defense of them that there has been and the constant "He is a dev" "He's not a dev" "he was never a dev even though he was listed on the website as one" back and forth. |
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rdnkjdi... I think at this point, you are just a pure fudder. You have had your 15 mins. Now go back to your troll cave. You have zero credibility left.
Actually, provided he stops posting about XC, I'd be interested to hear some counter views from or with regards to JL. If he make a new thread to just discuss about JL, it will actually help his case. Right now, his fud on XC really is a disservice to his case against JL. His post title is just pure misleading fud which really makes most of what he has to say not trustworthy. I tend to agree. It looks like things are getting legal anyway: https://litecointalk.org/index.php?topic=21742.msg201802#msg201802OP, IMO, better off just sticking to JL and being careful not to step on any legal issues. I would be more than happy to let this die. These are the facts in regards to Jasinlee's attachment to XC. 1 - Jasinlee was listed as a developer for months. 2 - Jasinlee was taken OFF the XC website that listed him as an XC developer 3 - Jasinlee took the ASIC website and used it to promote XC (I let this go and figured it was a 1 sided relationship) 4 - XC people started bringing up Jasinlee asking about the status of his development projects for XC. I asked about it in the XC thread, brought up my accusations. Jasinlee was defended - I was told to go away. I started this thread. 5 - I was told Jasinlee was a team member, is still a team member, is no longer a team member, I shouldn't care because there is a different lead developer. Jasinlee was defended. 6 - I was told Jasinlee was never a developer for XC ever. He was just listed as a developer because he is a developer in real life and paid their Bitcoin to the Beltway. I believe this was probably paid out of our pre-order money (which he can no longer afford to refund) Or perhaps the money made pumping Cachecoin. He "ran out of money" for his ASIC project while providing money (if I understand correctly) for XC to attend BTC on the Beltway? FUD or no FUD. If the XC people had not confirmed Jasinlee's continued involvement in their coin on their chat thread. And then come over here and defended him while trying to discredit me until it looked bad. Then made claims he was "never a developer" I would be more inclined to believe I wasn't being fed a pure line of bullshit. Thread stays. People can draw their own conclusions. If I look like I've presented a horrible case and I'm embarrassing myself. Then the XC loyal should happy. |
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I'm not sure why he was listed as a dev on their website for months with the lead dev saying "He was never a developer. "
Jasinlee was listed as a dev on XC's website because he is a developer. Jasinlee did not, however, write any code for XC or have access to XC's code. Thus he was never an XC developer. Jasinlee only developed his own technologies, which could've potentially been used in XC in the longer-term future. I've already said this more than three times while you were online. Are you wilfully ignoring it so that you still have some FUD to spread about XC? Thank you for your clarification. Most companies don't list people as developers on their project who are not developers on their project. Apologies for my misunderstanding. Are you wilfully ignoring it so that you still have some FUD to spread about XC?
No - I've been as honest as I can possibly be in this thread. He was listed as an XC dev for months on your website. Now you say he was never a developer on any of your technologies. As I said - most people only list people as "Developers" on their project if they are developers. You guys seem to be a unique approach though. Proven fraud (using the Cache pump example I've listed) you seem to prefer attacking the messengers who've lost thousands of dollars. I've already said this more than three times while you were online.
The statements coming out of the XC camp seem to be more thrashing about for the best possible PR move. I've heard he is a developer / isn't a developer / was never a developer / might be coming on full time all from the XC camp. I believe some of those quotes are listed in my OP. It was what I was told by your people that spurned me to make this thread (I'd assumed taken off the website = taken off the project until you guys confirmed he was still on the project in your chat thread) I noticed you guys took off "ASIC Development Project" from his qualifications (or maybe he did) before removing him completely from the website I do appreciate the "official statement". Might want to make sure everybody is on board repeating the same thing. |
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Follwoing is XC's official statement related to Jasinlee. They posted it on their chat thread and gave anyone 1 hour to ask questions. Hello all
We would like to state the nature of XC's relation to Jasinlee.
Jasinlee is not an official member of the XC Team, as has been reflected on our website for some time.
Jasinlee chose to remove himself from the XC Team out of concern for the effect that ongoing misperceptions about his troubled ASIC project might have on XC.
As such, XC is entirely independent of Jasinlee’s various projects, and clients of the Fibonacci ASIC project have no basis for associating its outcome with XC in any way.
We consider this matter resolved. Now concerning a separate matter, that of public perceptions of Jasinlee’s character and actions, at no point has the XC Team had reason to lose faith in Jasinlee’s integrity of character or doubt his intentions, whether toward XC or toward Fibonacci. Furthermore Jasinlee is entirely confident that a resolution will be reached. As such we have confidence that Jasin will resolve the outstanding issues with the Fibonacci ASIC project. Furthermore we believe that current arguments to the contrary are poorly substantiated and largely speculative, and therefore lack sufficient warrant. Given their severity, these allegations are thus of a highly unethical nature.
Finally, regarding Jasinlee’s past role at XC, he is a thought-leader, and we are grateful for his insightful and energising contribution and presence. However Jasinlee did not make any contributions to XC’s code and has not had access to it. Thus he has not been a developer for XC.
In other news - it looks like Jasin paid their way for bitcoin on the beltway which co-incided with the ASIC orders. So if Jasin is out of money for refunds at this point - it's likely he is financially linked to the company in using ASIC orders to promote the coin. I'm not sure why he was listed as a dev on their website for months with the lead dev saying "He was never a developer. " I think everyone has enough info to draw their own conclusions (if they want to take the time to read this obscenely long thread) |
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I am surprised to see that the fib site, which took a lot of effort and many were waiting in anticipation for sales to go live on it, is not showing anything to do with ASICs. However, he may have moved that somewhere else. If he did, he should have emailed everyone. Anyone got any emails? He committed to having the ASIC purchase login area up over two weeks ago. Any mention of ASICs have been removed for three or four weeks now I believe. He took all statements regarding ASICs down. He also never sent emails to purchasers for receipts - so any proof that we actually purchased ASICs from Jasin are personal screenshots. |
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Your statement says Jasin was never a developer.
Your PR person says Jasin was never a developer.
Dan is saying Jasin was a developer.
Jasin was a developer until I blew the whistle.
Dan is now trying to say Jasin stepped down on his own merit.
HELLO PEOPLE?!
I'm stating the obvious. They don't care. They've defended Jasin without caring to look at the accusations. They tried to discredit the ones posting instead. When it finally came our the ones who said Jasin was still a dev began to change their tune a little. Dan said Jasin was a dev, then that he was never a dev. Even though it is well documented Jasin pumped cache, sold it to us with a promise and is now refunding at a 99% loss and has dedicated his website to the promotion of this coin instead of the asics. They are still trying to say those making the accusations are highly unethical. Even though we lost money - they have fully taken Jasins side and do not give a shit that he scammed anyone. Continued posting in this thread is pointless and trolling in my opinion. We've all said our piece. XC. Would you like me to add your official response to the OP of my Jasinlee thread as XC s updated official response? |
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Fair launch. It is just so precious. And never before happened as well. So that the largest holders are not there by accident (or more likely planning by the dev), but because they wanted to buy a crappy coin at a high price. Monero's history is special.
I can only say that if something should happen, but has not yet happened, there is a good chance that it will happen.
I want to say this with as much respect as possible. But how many alt coins have you been involved with? How many have you seriously taken a close look at? I've seen you saying you have had no use for alt coins until Monero which leads me to believe you never took a serious look at previous alt coins. I want to say this with as much respect as possible. Show me a coin where the dev holds less than 1% of the coins in circulation. Of course I respect the devs, but I have to say that equally important is that the devs respect the whales. The whales make the economy. Economy is the reason why the coin exists. I can support Monero without even having a functioning wallet (wrong OS), because the distribution of coins is right. Several that I've been involved in mining - Boolberry, Riecoin, to name a few. If you want an example of a truly admirable launch, look at how Gatra handled Riecoin. Others should learn from it -- soft launch with a tiny block reward that slowly ramped up to full to reduce the "first day adopter" benefit. (What Riecoin got wrong was the difficulty adaptation, compared to something like DGW, so when jh00 released his super-optimized miner, there was a brief splurge, but it wasn't a classical instamine. The diff was already elevated, at least, well above the release value.) I give him huge kudos for doing it in a very ethical and transparent way: https://bitcointalk.org/index.php?topic=446703.0Since this is a new PoW, it is very hard to define a starting difficulty that avoids instamining. To overcome this and contribute to a fair launch, the first 576 blocks will have no reward and the next 576 will linearly increase and reach the full reward at block 1152, after 4 difficulty adjustments were performed. Besides avoiding instamining, this should allow time for those who want to compile their own clients.
Expect the starting difficulty to be hard.
Source code will be provided a few days before launch, but the PoW functions will be replaced by stubs. The idea is that everyone would be able to examine the code and confirm that there's nothing strange and it is indeed pretty similar to bitcoin's. Everyone would be able to compile it, see if they have the correct dependencies, etc, but it won't run. At launch time, when the final code is released, everyone could easily check that the only thing that changed is the PoW code, so you'd only have to check the diff of a few lines of code and recompile.
Thank you. I think this might be why rptelia comes off wrong to some. He has bragged about never being involved in an altcoin before this one but makes broad assertions. Which lead people to question his other assertions. |
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Is it 100% established fact he is a scammer? If butterfly labs changed their website to a marketing site of xc. And refused to talk about anything related to delivering ASICS. How long until it would be considered a scam? People couldn't even tell they were doing ASICS anymore and they quit posting? A month? Three months? What if they had sold you the ASICS at a 30% discount for a coin that was now worth 1% of what you paid for it? And they had SOLD the coin to you while they were pumping/offering the discounts that were no longer listed on there website? And now they were offering refunds? What's the burden of proof for "prooven scam"? Someone please tell me. |
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your a brain dead retard big time.. you realize i was sticking up for you right dumb ass ? please can we have more stupid people here creating more shill accounts ? 350,000 forums accounts of stupid Dude I get it. Trust me - I thought it was hilarious. And felt honored that you'd dedicated that picture to me...geez - has everyone lost their sense of humor just because money is involved? Huge fan spotniek Just admit that you are a dumbass that lost money before to Nigerian prince scam already... Your IQ is at the level of a rock. Here's the protip for you again... I will repeat this for you every once in a while so you can try to get your money back instead of whining like a 5 years old at the park who got his toy taken away. PRO TIPS for what not to do when you get scammed on the net...1. Just whine about it on a forum full of anonymous people that can't help instead of calling the authority 2. Drag other people that have nothing to with it down with you so those people would REALLY give a shit about you being scammed 3. Repeat step 1-2 twenty plus times a day 4. Find the scammers current project. Keep him from scamming again. |
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How do you really feel |
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It's really difficult for me to think of PoW coins and PoS coins in the same way.
Only successful PoS are "smart coins" that can do things. Not coins of value. It's really tough for me to even think about NXT and XMR or BBR and compare them.
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your a brain dead retard big time.. you realize i was sticking up for you right dumb ass ? please can we have more stupid people here creating more shill accounts ? 350,000 forums accounts of stupid Dude I get it. Trust me - I thought it was hilarious. And felt honored that you'd dedicated that picture to me...geez - has everyone lost their sense of humor just because money is involved? Huge fan spotniek |
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I want to say this with as much respect as possible. Show me a coin where the dev holds less than 1% of the coins in circulation.
Of course I respect the devs, but I have to say that equally important is that the devs respect the whales. The whales make the economy. Economy is the reason why the coin exists. I can support Monero without even having a functioning wallet (wrong OS), because the distribution of coins is right.
Interesting question that I don't know the answer to. Is it possible to know the answer to that question? Do you think that that one factor - even if true - is enough to make the coin successful? Or that factor plus technical merit? I guess in the alt world isn't it kinda difficult to say with authority that a coin is going to be successful? Is that where the frustration is coming from - that the factors you thought would make a coin successful aren't? Satoshi has > 1% of bitcoins in existence. I have no idea how many litecoins Charlie holds and don't know how to check. Those are the only two coins I view as successes (although I think lite is dying). So I don't know how you can claim that THAT is what it takes to make an altcoin successful with as much definitive certainty as you seem to have. |
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Fair launch. It is just so precious. And never before happened as well. So that the largest holders are not there by accident (or more likely planning by the dev), but because they wanted to buy a crappy coin at a high price. Monero's history is special.
I can only say that if something should happen, but has not yet happened, there is a good chance that it will happen.
I want to say this with as much respect as possible. But how many alt coins have you been involved with? How many have you seriously taken a close look at? I've seen you saying you have had no use for alt coins until Monero which leads me to believe you never took a serious look at previous alt coins. |
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Let me try to outline this.
One anon coin with a 1,000,000 daily volume is BETTER than 5 anon coins with aggregate volume of 1,000,000 (200K each). One anon coin in litecoins position of not being seriously challenged by a like coin - hence holders are not in danger of losing their capital will attract more investment and move towards establishing a defacto anonymity coin. Having 5 anonymity coins constantly trading places between spot 5 & spot 13 on the market cap is less valuable as a whole than having one winner that is not seriously threatened.
One currency will get anon crypto much wider adoption than five.
I am unable to understand the "together we are stronger than apart" (I also have very little use for shilldom.)
But I don't understand this "We can all co-exist and it will be better than having one"
Someone explain?
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