Project Status / Request for Funding
We have now achieved the amount needed to launch the project, 0.6 BTC.
True that, crap clone coin costs around that much at Coingen or some similar coin-creation service.
So when can we expect to see this one on an exchange?
Why add this crapcoin to exchange? It seems most here fell for thousands of lines of nicely written yet slightly retarded stories but this coin is Coingen-made scrypt clone.
There is absolutely nothing special about it and all signs of bullshit are present. Instamining was massive, to start a new scrypt coin with difficulty 1 this days equalls either
complete lack of mining hardware and cryptocoin scene awareness or deliberate scam - it was later case, just in case you are still wondering. Using blockchain explorer it is
easy to realise how it all went:
http://cryptexplorer.com/chain/Bitmark?hi=770&count=100Scroll down to block 720 and observe block times while difficulty was 1.0 and after it changed to 4.0 there is very little difference, blocks were mined just few seconds apart.
Situation went slightly better after next retarget from 4.0 to 16.0 (maximum possible upward change which means hashrate for blocks 720 to 1440 was at least 4 times higher
than desirable) but at that time 28,800 coins were already instamined, out of 45,100 coins in existence (based on latest data from blockchain explorer at time of this post).
As for other things, if you belive this crap clone has a future you are truly retarded.
Happy mining, investing or whatever other shit you are after for here.
A truly narrow sighted post.
The dev has been working on this for weeks. take a look at his post history. Dev asked the right questions of the community to produce a coin to his liking and that of the community.
I don't see why the dev would have committed to so much work to "instamine" the coin, when he could have just set an IPO or pre-mine and dumped it like any other scam dev.
From what I can see the coin had a fair and smooth launch. Yes the diff algo isn't prefect, but I do like the long confirm time to deter multipools. I think in time though the diff algo may change to something more dynamic.
I know there is nothing new to this coin, but a committed dev is rare thing these days and so that is why is see good potential in this coin.
regarding arguments about scrypt and ASIC. well mining competition is only relative to who you mine against. What I mean is I wouldn't expect to see any GPU miners on this coin unless they have free power. GPU miners have moved on from scrypt and are mining against other GPU mines on other algos.
Anyway, Good luck dev. Stay true to yourself and this coin. It will flourish and you will earn the respect of this community.
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