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Calling bullshit
But GJ scamming 6 people after numerous warnings, at least you made off with 2 btc
Yeah, ending this 10 days early really is the best way to conduct a scam? Imbecile. Brotherclay has already received his refund, and so will the other 5 individuals soon as they post a BTC address. We are not searching for another developer because it was primarily his idea, and it would be disrespectful to run off with his idea like that. |
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We received word earlier today that our lead developer was involved in a serious auto accident. After much consideration we've come to the conclusion that this project can go no further in it's current state. The client is already complete, however, without him we will be unable to support it going into the future. It would be irresponsible to continue on with the release as planned. We are unfortunately left with no choice but to cancel this project.
We will now begin the process of refunding all investors. Thankfully, there have only been 6 investors for a total of 2.05 BTC so the process should not be difficult.
Investor 1: 0.35 BTC
Investor 2: 1 BTC
Investor 3: 0.5 BTC
Investor 4: 0.1 BTC
Investor 5: 0.05 BTC
Investor 6: 0.05 BTC
If you are one of the investors, please reply with how much BTC you have invested, along with your GreenCoin address so we can verify it is you. Please also provide an address that we can refund your BTC to.
We are sorry that it had to come down to this, but believe it is the right thing to do. Thank you to the very few of you who were supportive of us.
Regards,
The GreenCoin Team
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Glad to have you on board Dabs. Hopefully this will silence some of the critics  |
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We're working out the final details with our trusted escrow Dabs and should have the details for that available shortly |
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Do some research, or look at other coins.. SKEIN, QUARK, KECCAK, QUBIT and GROESTL have GPU support. With those algo, power consumption of GPU are 30% less. And a lot colder too. And with this gpu support, of course, cpu mining is worthless. https://bitcointalk.org/index.php?topic=475795.0It does not matter. The mining period only lasts 2-4 weeks. Scrypt is the algorithm people are most familiar with. It has the most developed mining applications. |
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Sounds good Dabs, let's do it. If you want an energy efficient coin, change algo to skein/keccak, or even better Qubit or Groestl.
Another scrypt coin is another copy/paste coin. Claiming it's a "green" coin using a power consuming algo is a nonsense
The coin is only scrypt for 2-4 weeks. After that, PoW is not used to secure the network. Scrypt was chosen for the initial distribution because we felt it was the most fair algorithm. With CPU based algorithms one can just buy thousands of cloud compute instances and the cheat the system. Scrypt requires a GPU rig which is a lot more prohibitive. |
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You two make a cute couple.. When's the wedding? |
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Due to all the scams that have happened recently, we are working on securing a trusted escrow. Please be patient.
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That is not necesarily a benefit. Having a low number of total coins is bad because it forces users to deal in fractions instead of whole numbers. I realize there is mBTC but it just feels wrong to use. One of the biggest problems bitcoin is facing right now is that each coin is worth too much. It makes the public think it's too expensive to get into. They don't understand coins can be split.
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After the stackcoin and gpucoin disasters, it's unfortunate, but understandable, that our credibility is being attacked as a result. We will look into the possibility of getting a escrow involved for those who are still skeptical of our legitimacy. If we do get an escrow, the ordering site ( http://getgreencoin.com/ipo) will still be available, and those who order directly through us will receive a 10% bonus. |
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Why should anyone invest real money into a simple mintcoin clone?
Why did people invest into mintcoin? It was just a novacoin clone. Why did people invest into novacoin? It was just a ppcoin clone. Why did people invest into ppcoin? It was just a bitcoin clone. I'm sure you see where I'm going with that. When talking about PoS coins, it is the mechanism of distribution that sets them apart from each other. Our distribution model is better than that of our predecessors. No other coin has been able to create a system that distributes based on personal hashrate contribution. This is an IPO that you can buy into using either hashrate or bitcoin. It is unique. |
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Quick screenshot of the backend of our ordering system.  I'm sure you can appreciate how simple it makes the whole process for everyone involved. |
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another IPO stuff..but i will say you this:FUCK OFF!
they always starting with how fair the distribution is bla bla bla...and then show their true face so quickly---> buy it or you will get nothing!
the most fair distribution so far i have ever seen is Coin2...althought that is far from 100% fair yet however it start a good concept :SHARING IT FREE WITH COMMUNITY BEFORE IT HAS ANY VALUE...this is important bc there are still tons of ppl outside there knowing about crypto currentcies but they won`t want to step inside..why? ask yourself a question..wth should they buy these crypto coins for while they are still nothing to spend on yet?(exspecially new coins)..most of them not interesting in mining or decentralize stuff etc..but they will buy and use it if its really have some convenient applycation..but before this..if anycoin that ask you to buy it just bc it promising it will have value blablabla or claim that how innovative it's coin blablabla..let me tell you ..99% of them just interesting with the money in your porket..they don`t actually care to improve the world. There is no fair way to distribute coins for free on this website. There are too many people that have dozens upon dozens of fake accounts they use for giveaway threads. We think we've come up with an very fair mining distribution algorithm, but that still alienates those who aren't miners. Hence the IPO. So investors/speculators can participate as well. This is set up so that no one can cheat the system. Promoting a coin takes time, effort, and most of all, money. All BTC collected will be funneled towards activities that improve the value of the coin, which is a good thing for both miners and investors alike. Don't underestimate the value of proper marketing. Dogecoin for example jumped from a 10 million market cap to over 50 million after they spent $30,000 on the Jamaican bobsled team. A $30,000 investment led to a $40,000,000 increase in valuation. Impressive right? But that money has to come from somewhere. That is what we hope to accomplish with the IPO funds. Right now we have 2 investors for a total of 0.35 BTC. If that is all there ends up being then lucky for them. For such a big IPO you need clearer goals. What's in it for you, for example? YOu are bound to keep a part of the BTC for yourself. It would make more sense if you would donate 90% to some environmental charity, keep 9% for promotion and 1% for yourself. We are each investing a small amount into the IPO, as well as participating in the mining period... And leading a coin has it's own set of intrinsic benefits, naturally. Donating 90% to a charity like that would accomplish nothing for holders of the coin. Doing good is one thing, but we want to generate buzz as well. Dogecoin nailed it perfectly with the bobsled team, we hope to do an encore.  |
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another IPO stuff..but i will say you this:FUCK OFF!
they always starting with how fair the distribution is bla bla bla...and then show their true face so quickly---> buy it or you will get nothing!
the most fair distribution so far i have ever seen is Coin2...althought that is far from 100% fair yet however it start a good concept :SHARING IT FREE WITH COMMUNITY BEFORE IT HAS ANY VALUE...this is important bc there are still tons of ppl outside there knowing about crypto currentcies but they won`t want to step inside..why? ask yourself a question..wth should they buy these crypto coins for while they are still nothing to spend on yet?(exspecially new coins)..most of them not interesting in mining or decentralize stuff etc..but they will buy and use it if its really have some convenient applycation..but before this..if anycoin that ask you to buy it just bc it promising it will have value blablabla or claim that how innovative it's coin blablabla..let me tell you ..99% of them just interesting with the money in your porket..they don`t actually care to improve the world. There is no fair way to distribute coins for free on this website. There are too many people that have dozens upon dozens of fake accounts they use for giveaway threads. We think we've come up with an very fair mining distribution algorithm, but that still alienates those who aren't miners. Hence the IPO. So investors/speculators can participate as well. This is set up so that no one can cheat the system. Promoting a coin takes time, effort, and most of all, money. All BTC collected will be funneled towards activities that improve the value of the coin, which is a good thing for both miners and investors alike. Don't underestimate the value of proper marketing. Dogecoin for example jumped from a 10 million market cap to over 50 million after they spent $30,000 on the Jamaican bobsled team. A $30,000 investment led to a $40,000,000 increase in valuation. Impressive right? But that money has to come from somewhere. That is what we hope to accomplish with the IPO funds. Right now we have 2 investors for a total of 0.35 BTC. If that is all there ends up being then lucky for them. |
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Hardly... The distribution mechanics are totally different.
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Blackcoin is 1% interest, so not that low.
The MH/s thing is kinda like an IPO, where someone might decide to suddenly mine a lot an dillute everybody's share. I wonder how it will work out.
That's what we were aiming for. Think of it like an IPO that you buy into using hashes. |
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Another failed IPO... I invite you guys to come check out GreenCoin. I'll extend the same offer that I did to the stackcoin victims. Free 0.02 BTC towards our IPO. No strings attached. Just send me a PM and I'll add you to the list. https://bitcointalk.org/index.php?topic=499080.0 |
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Double edit: Distribution in confusing.
50% to IPO investors, 50% to miners. Mining period will last between 2-4 weeks, and the mining reward you can expect to receive will be steady, no matter how many people are mining. This is in contrast to other coins where the average reward decreases as more people are mining the coin. Right, so how many of the 1 billion are distributed during the 3 week period, and then the POS period? The way I read it was that the 1 bln is mined in three weeks, then during POS period we  in a p2p fashion. All of the 1 billion comes from the 2-4 week mining period. After that, PoS is used to run the network. There is a 2% yearly stake reward to support PoS mining. 2% annual interest? PhilosopherStone has more than that in monthly interest with 50% interest per year. And the total number of PHS will only be in the single digit millions. Why did you set the stake interest so low? 50% yearly interest causes hording which is unhealthy for a currency. 2% interest is a modest amount that doesn't encourage hoarding, but still offers some incentive. All variables have been carefully chosen with long term sustainability in mind. |
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