I just wanted to start this thread so we can
make fun of discuss Amazon's attempt to utilize people's confusion about digital currency and profit. So Amazon has made these "coins" that are basically "gift cards" you PAY REAL FIAT MONEY to buy and they have zero resale value. You can never ever sell them. Why The F would anyone buy these coins? Well stupid people are everywhere and they would.
There is no mining and there is no algorithm.
Very white paper. Such class. Many greed.
Amazon even made a Logo for it!!
Image used under copyright fair use.
Premine:100% by Amazon!
PoolsNone! Easy!
Exchanges None.
Trading uses the latest Crypto technology that is ONE WAY. You can only BUY this coin but you cant SELL it. And there is only one place you can buy this and thats Amazon themselves. No exchanges. Have some coins and want to sell? sorry,
You can only BUY this coin you can NEVER EVER sell it. This is just like a GIFT CARD but you can only buy apps with it.
FaucetsNone
PromotionsMillions of Android phones automatically got updated to show this coin.
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And you thought some crapcoin developers on bitcointalk are scammers? think again. What really gets me is the LOGO and creating confusion about digital currency. Amazon could've simply called these "gift cards" and not "coins" and not create logo like an altcoin.
Amazon, please reconsider this attempt. No so classy.