Spots' coins cannot import a bootstrap.dat file as per the init.cpp file of his source code and the only way to import a chain is by copying in a detached database. This inability is a dead giveaway. Warp has bootstrap.dat functionality in the init.cpp file, therefore I doubt shapetwist is Spots.

Create a thread for that so long yes. I will buy at 15k. PM me if you want to sell.

Someone has learned a thing or two.

I promised myself I will stay out of the CBit thread but since my post is not about CBit itself per se (although indirectly) and referring to general principles as it was applied to CBit I will post it.

I dont think it is fair of you to criticize earlz in the general way you are doing. You must remember that there are three relevant categories in general in the IT world - people, process and technology. Applied to a coin this would be people (dev team characteristics), process (launch procedures and other general procedures) and technology (code). He is only really required to give his view on the technology part which is the actual code. If he picks up stuff more than just the code in any of the categories people, process and technology he will post it. It is difficult to pick up things in the people and process categories but he always at least gives a view on the code. It is a bonus if he picks up other stuff.

A project can have A-grade code and nothing material popping up in the people or process of the coin at the time of review - just like normal auditing procedures from an auditor. You can compare this with an audit of financial statements of a company which can be unqualified, even if there are well hidden issues. However it is possible for something to pop up later non-code wise like a dev that hid scam intentions very well early on that decided to disappear later. You cannot blame earlz for that. To take my analogy further, such a company with unqualified financial statements could have a management team that decides later to defraud the shareholders but their intentions were not clear at the time of the audit. You will probably see that where there were A-grade reviews of a coin that turned out to be a scam it was on the code only and he did not vouch for the dev or processes because they were hid well by the dev team. You should rather be glad if earlz picks up some people/process or potential scam issues with a coin.

I also have to add that in itself it is not an issue if a dev team holds a significant portion of a coin in general. It comes down to how trustworthy they are and how responsible thy are with it and their purpose for holding it eg. to dump later (bad) or to use for development and funding (good).

Any reason why the dev is online but not answering the questions?

What is the new hiPOS reward schedule? Did you reduce the rediculous high percentages?

Just dont do the giveaway on this thread else the mods will delete it.

And you can also retweet this. Retweet

Where did you get coins for a give-away since there is no pre-mine?

I checked about 3 hours after launch and it was already 11.5m coins distributed to the first few guys that happened to be online at the delayed launch time. It is not much more now. The coins future will have to be POS only because no-one will mine at the the current POW rates.

Hence my question to the dev earlier if the rewards are directly or indirectly (linear or inversely) related to the difficulty. The dev answered that the rewards go down as difficulty goes up meaning it is inversely related. At high difficulty the rewards are low and it is very expensive to maintain the hash rate at a high difficulty. Unless there is a strong market with high prices, there is no incentive for a miner to expend the energy for the mining. It might have been better to let the rewards become more as difficulty goes up so that there is an incentive to maintain a high difficulty. Pulse seem to reward behavior that reduce hash rate whereas fundamentally a crypto coin needs high hash rate to improve its security.

Not entirely true. There can still be over the counter deals in the meantime. For example, I am open to buy @ 15k. PM me an offer if you want to sell at 15k. Although trading is not the top priority, there is nothing wrong with trading and in the absence of a formal market, it is available informally.

Ok then. I give him the benefit of the doubt.

but I am out and good luck to all.

I was interested in this coin but as soon as the dev started talking about "bitcoin devs" (yeah right) being involved and all the time and effort and money to just do a clone, I started handling it with skepticism. It was not necessary for the dev to say those things because it placed a "far fetched" tag on the coin and caused people to doubt what he says.

Dev logged off. Guess he is probably gone now?

Counter gone. Fail?

Especially if it is a pool where registration still needs to happen.

The taps are dry for this one. Move on to greener pastures.

If all else fails, just follow the longest chain.

Which pools are onboard for the launch?