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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][2 Exchanges Added] iCoin - The coin of the future, available today
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on: February 01, 2014, 04:51:42 PM
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Be extremely careful selling on CryptoRush. I had a chunk to sell that would have cleared the first three buy orders and eaten into the fourth. Just as I would at Cryptsy or any other exchange, I entered a sell order using the price of that fourth order. The CryptoRush exchange completely bypassed the three higher priced buy orders and executed everything at the (obviously lower) price of the fourth leaving the three higher priced orders intact. Seems it's amateur hour over there.
I will have a chat with the admin there, this is something that definitely needs to be implemented. Esp since miners need to get the best price they can for paying off the bills. For other people using the exchange make sure you trade the value you want for now, I will inform you guys when they automate using the highest buy or sell order. EDIT: Yeah I see you would of made 40% more if the top buy order executed.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Exchange soon] iCoin - The coin of the future, available today
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on: January 30, 2014, 05:47:28 AM
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I spoke to CaptainHook and we have a plan to release 50 000 iCoin a month for promotions, excluding other services that the community decide to add for a reward.
CaptainHook is a quite a paranoid character and says if we give massive promotion straight away it will only benefit a few that know about iCoin, so as the coin grows more promotions will come.
I understand your fears, I had the same reservations about the premine, Perhaps we need to learn how the Ripple, NXT and second generation coins convince the community that a 100% premine isn't a bad thing and that it's being done for the right reasons.
Just something to add, if Captainhook ever decides to dump out I will personally be buying up iCoin, this way the power switches into my hands or whoever buys up coins at these low prices. cointopic and I are here to stay whether or not CaptainHook ends up being a dirty player. We don't need him to continue with the coin BUT I honestly don't believe this is what he wants, he has delivered on every single bounty,service,rewards and told me he doesn't care if the coin takes 7 months to take off. Does this sound like a desperate person to you for money?
I will make sure everything gets dealt with as fairly as possible, I have a good reputation here and I plan to keep it that way.
For more transparency I have bought up over 16 000 iCoin between both exchanges at 10% of what I think they worth currently.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Exchange soon] iCoin - The coin of the future, available today
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on: January 29, 2014, 01:12:33 PM
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Thanks Captain.
I have also just spoken to CaptainHook and we will try be as forthcoming and transparent as possible about the premine.
Later on I will post all the links to the other giveaways and services not included in the OP where iCoin was payed out.
Captainhook is also the dev that I mentioned earlier that broke his leg last week friday but I didn't want to bring that up in the conversations to distract from what people are feeling.
I am glad this was discussed sooner rather then later and hopefully soon when we release our new branding for iCoin that you will see some investment going into it.
Please if anyone has been hard done by or a bounty has not been payed please let us know.
Thanks you for theses discussions and we will improve transparency from our side.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Exchange soon] iCoin - The coin of the future, available today
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on: January 29, 2014, 12:40:17 PM
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viperbass and cointopic if Captainhook ends up being a scammer you guys can simply start up another iCoin with a developer you trust and do things properly from the start. Clearly a lot of work has gone into this from both you and you have all the design in place.
I really hope I am wrong about this situation and the community hears a response from CaptainHook ASAP. FYI - He still hasn't replied to my PM about helping to market the coin.
edit: You still haven't answered my question regarding his contact details?
Hey Gravity, I understand your concerns and I am waiting for a response from CaptainHook about sharing the funds with the team so we can manage the marketing properly and don't have to solely rely on him. Regarding your question I only know Cointopics details, we both don't know who CaptainHook is, with that being said he has always delivered with regards to previous giveaways and paying off of bounties and rewards. Our discussions have all been via PM and via skype under the name CaptainHook. I know it looks bad and maybe cointopic and I have been too trusting in this case, but once I hear back from CaptainHook about how we going to deal with the premine I will let you all know. I have always been honest with the community and will continue to do so, I didn't invest my time for the money, I have enough , I invested my time in iCoin because I think it can be special, yes we do have one problem and we will try resolve it to establish trust regarding the premine.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Exchange soon] iCoin - The coin of the future, available today
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on: January 29, 2014, 10:19:16 AM
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Ok this is fucked up!
I am not happy with this situation and will stop investing in this coin now. it's clear only 1 person has control of this coin which is not healthy. cointopic and viperbass I suggest starting another coin with someone else because it's most likely you are being setup.
If you are doing a 1% premine make sure all coins will be mined out within 20 years, .5% premine for a 40 year coin...
I will have a chat with CaptainHook to see if the premine can't be distributed between the team more evenly, I understand the risk of 1 person controlling all the funds and have explained this to Captain already. I will feedback once I have heard back from him.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Exchange soon] iCoin - The coin of the future, available today
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on: January 29, 2014, 08:46:51 AM
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@fablkak,
You raise some valid points although this premine was declared in the previous ANN post and was mentioned in this post at the start, but I agree it needs to be updated on the OP.
I know there has been a lot of giveaways in the past if you just search for iCoin. CaptainHook seems to be one that is responsible for giving away iCoin for rewards so I would suggest mailing him for ideas on marketing. I will too.
So we will need to see what comes about for the coin going forward!
EDIT: Looks like Captainhook is also the dev for this coin which means he has the premine and that is why he is doing the bounties, I have PM'd him to help with marketing.
We will get the OP page updated ASAP under the mining section. Please send Captainhook all promotion requests if you have ideas that will require a bounty as you suggested Gravity, he is the one with the iCoin funds, so far he has delivered on all giveaways, bounties, rewards. Over 500 000 iCoin has been given away so far already. Captainhook asked me to join as a marketing person after we discussed the coins block rewards and the plans for the coin. This week we will be entering a new phase for iCoin and more promotions to come that will be used to grow the coin and add more services. Watch this space.
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Exchange soon] iCoin - The coin of the future, available today
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on: January 29, 2014, 05:23:21 AM
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I like the look of this coin and it's the first coin I have started to mine before it hit any major exchange. Quick question for you, how many people are on the dev team for this coin? Have you got anyone specifically doing marketing? I think the rapid rise of doge can be traced to the very clever marketing and free advertising they were able to get. I hope your coin has someone with a similar role, if not I'm afraid that all the technical competence in the world won't be enough to distinguish iCoin from the myriad of other coins. I like the look of your website but there is one line on it that made me a little worried, maybe someone can explain it to me.
"Mining: Our mining strategy is simple: don’t put all the power in the hands of miners. By not flooding the market with iCoins early, we try to preserve a balance in value for users, investors and miners."
How have you taken power out of the hands of the miners?
Hi fablkak, Thanks for the questions Since you mentioned Dogecoin, I will answer the question using it as an example First off Dogecoin is based on the most popular internet meme of 2013, so basically you could be the worst marketing guy in the world and the community would do all the work for you. Which is what occurred with Doge, it was self marketable. With iCoin though a lot more work is required to get the brand out there but it's a lasting brand and will only grow with time. What "could" happen to Doge if a new internet meme takes the world by storm? Easy come easy go as they say. Regarding the mining strategy, a lot of alt coins flood the market with coins which give them a initial boost, more coins for bounties, rewards etc, so it's a clever way of getting more community buy in, but at the same time they fall victim to multipool miners who mine the most profitable coin at the time and just dump out, which keeps the prices artificially low, but because there is so many coins being produced in such a short space of time these coins end up being like the Zimbabwe Dollar in the long run. We also have dedicated dev, marketing and design roles in the team. Below is the interview with myself, it will explain a lot of things. http://icoin.pw/interview
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