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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN]FREEB - Mine at Official Multi-pool and get Bonus|175,000,000 destroyed
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on: June 15, 2014, 03:39:24 AM
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Plans for the new coin have several major flaws:
1. How do those who lost significant amount of FREEB on ShareXcoin claim the new 'FREEB'? Current proposal doesn't solve this problem
2. New FREEB is basically a PoW coin? Those without mining equipment will get diluted significantly over time after already taking a huge loss exchanging their FREEB for a proportional percentage of 2% of new FREEB
3. Changing algo's doesn't change...'lack of VISION'
I'm not sure if whatever plans the devs has is set in stone, but there are solutions to consider. For the problem of those who lost freeb on sharex, the easiest solution may simply to be make a coin, and redo the initial distribution. So whatever you got the first time for free, you get again. That assumes the dev still has the initial distribution list. There is of course the problem where some people bought extra freeb while it was on an exchange. For that, he could give a percentage as an extra bonus in the new coin for those who wish to swap them. Or if he felt like making 2 new coins, one is for the initial list, one for those who still have coin and want to swap. And the last point you make is the most important one. Simply making a new X11/13 coin and calling it 'whatever coin' is sort of meaningless without a purpose for the coin. So whatever the dev decides, best to have more than a different algo. I think those who have lost all their coins on ShareX - it dumpers. And if given the chance again, they will do it again. So, a new coin need to exchange for old coins. Then they will go only to those who truly appreciates the work of the developer and the community. IMHO. agreed. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN]FREEB - Mine at Official Multi-pool and get Bonus|175,000,000 destroyed
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on: June 09, 2014, 04:35:04 AM
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Great silent community!!!
I don't want to FUD, but it seems FREEB owners have to accept this coin's slow death!
Cryptock, give us some post to know at least you are alive!
Not dead. I am not happy since majority of the Freebies community lost their FREEB on the exchange. In order to move forward and re-brand. I will be launching FREEB 2.0 and you can exchange your coins for the 2% premine of the new coin. Thank you for update! Can you reveal some specs of FREEB 2.0? I still have to work on the specs and it will be X11 algo PoS/PoW Looking forward to your good news. |
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