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Author Topic: NVC: The biggest ongoing scam in cryptocoin history  (Read 8453 times)
Lauda
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August 15, 2013, 09:33:21 AM
 #41

what satoshi premined 4 million BTC? thats a joke right?
Yep
He premined 5 million BTC, not 4 million Wink



Learn the definition of premine..
He did not premine it. He was the sole miner for quite some time.

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August 15, 2013, 09:50:10 AM
 #42

what satoshi premined 4 million BTC? thats a joke right?
Yep
He premined 5 million BTC, not 4 million Wink



Learn the definition of premine..
He did not premine it. He was the sole miner for quite some time.

He wasn't even the sole miner.  Hal Finney reported mining one of the early blocks (IIRC it was in the first hundred or so).  So the best one could say is Satoshi was one of the few early miners in the first year of Bitcoin. 
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August 15, 2013, 10:20:44 AM
 #43

Well I know one thing, Balthazar is helping a lot of people in the crypto community plus NVC has pioneered a lot of features now considered standard.

so +1 to NVC from me.
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August 15, 2013, 11:22:14 PM
 #44

He wasn't even the sole miner.  Hal Finney reported mining one of the early blocks (IIRC it was in the first hundred or so).  So the best one could say is Satoshi was one of the few early miners in the first year of Bitcoin. 
Well then.. good info, didn't know this.
So essentially no premine.

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August 15, 2013, 11:43:23 PM
 #45

Not sure about OP, but I do beliee that NVC is insanely overvalued on BTC-e. As long as it is trading higher in NVC/BTC than LTC/BTC, the coin is total bs. There are surely more vendors that accept Litecoin over unknown Novacoin, and Litecoins market cap is higher, I don't understand how it is valued that highly without some form of manipulation behind it.

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August 16, 2013, 12:11:49 AM
 #46

Not sure about OP, but I do beliee that NVC is insanely overvalued on BTC-e. As long as it is trading higher in NVC/BTC than LTC/BTC, the coin is total bs. There are surely more vendors that accept Litecoin over unknown Novacoin, and Litecoins market cap is higher, I don't understand how it is valued that highly without some form of manipulation behind it.
I feel the same way..

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August 16, 2013, 12:39:12 AM
 #47

what satoshi premined 4 million BTC? thats a joke right?
Yep
He premined 5 million BTC, not 4 million Wink



Learn the definition of premine..
He did not premine it. He was the sole miner for quite some time.

The reason given here for why premine is bad for investors applies to satoshi's stash just like premine. Doesn't really matter for investors deciding to buy/sell today. If it's not a big problem for bitcoin, why is it for novacoin?

Not sure about OP, but I do beliee that NVC is insanely overvalued on BTC-e. As long as it is trading higher in NVC/BTC than LTC/BTC, the coin is total bs. There are surely more vendors that accept Litecoin over unknown Novacoin, and Litecoins market cap is higher, I don't understand how it is valued that highly without some form of manipulation behind it.

You've totally ignored factors like quantity in circulation and interest rate. For a start, there are more than 20M litcoins now, but only around 432k novacoins (332k if you subtract the 100k destroyed). Litecoin has a much higher market capitalization than novacoin (~30 times).

LTC: LSyqwk4YbhBRtkrUy8NRdKXFoUcgVpu8Qb   NVC: 4HtynfYVyRYo6yM8BTAqyNYwqiucfoPqFW   TAG id: 4313
CMC: CAHrzqveVm9UxGm7PZtT4uj6su4suxKzZv   YAC: Y9m5S7M24sdkjdwxnA9GZpPez6k6EqUjUt
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August 16, 2013, 01:28:48 AM
 #48

He wasn't even the sole miner.  Hal Finney reported mining one of the early blocks (IIRC it was in the first hundred or so).  So the best one could say is Satoshi was one of the few early miners in the first year of Bitcoin. 
Well then.. good info, didn't know this.
So essentially no premine.

Who are you? Satoshi's mom?

Maybe guys who "secret mined" $100,000,000 can defend themselves?
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August 16, 2013, 02:24:48 AM
 #49

He wasn't even the sole miner.  Hal Finney reported mining one of the early blocks (IIRC it was in the first hundred or so).  So the best one could say is Satoshi was one of the few early miners in the first year of Bitcoin. 
Well then.. good info, didn't know this.
So essentially no premine.

Who are you? Satoshi's mom?

Maybe guys who "secret mined" $100,000,000 can defend themselves?


Yeah Satoshi needs to come in here and give us an explanation for this!!!  Cheesy
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August 16, 2013, 10:06:37 AM
 #50

He wasn't even the sole miner.  Hal Finney reported mining one of the early blocks (IIRC it was in the first hundred or so).  So the best one could say is Satoshi was one of the few early miners in the first year of Bitcoin.  
Well then.. good info, didn't know this.
So essentially no premine.

Who are you? Satoshi's mom?

Maybe guys who "secret mined" $100,000,000 can defend themselves?

Yup blaim the inventor of crypto for taking money for his work.. we should all start non profitable things  Roll Eyes
Yes I'm his mom, nice to meet you.

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November 26, 2013, 12:04:35 AM
 #51

WARNING SCAM COIN PUMP AND DUMP ON BTC-e ,PREMINED COIN,NVC CRASH SOON
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November 26, 2013, 12:55:43 AM
 #52

To the people that start about Satoshi's so called premining, he didn't premine anything! He released it in the open en started, that only a few mined with him is not his fault. If someone releases a coin now and nobody wants to mine it, nobody will complain that the dev is mining alone.  Undecided
And for your information, he didn't sold any of his coins and really didn't look like the person who started Bitcoin to get as fast as possible, as rich as possible.

In fact, just one question.
Is there at least one person who claims that NVC is a scam and does not have few thousands (or more) LTC at the same time?

I think it's just a matter of future competition between these currencies.
NVC has many advantages over LTC and can destroy it in future.
For this reason, those who have LTC premine (or "easymine") constantly spreading rumors about NVC-scam.

Truth is that they're just trying to save their erroneous investment in LTC.
I hope you get therapy for your mental condition? NVC is in no way competition for Litecoin.

You understand, Litecoin wouldn't exist anymore if Coblee had premined 210k coins? Those people invested in it because it was an honest coin, else it would have got the same complaints as we have about the scamcoin you clearly hold. And Litecoin doesn't gets it value by artificial pumps, but through development and adoption! Tell me what plans does the NVC community has? I'm sure lot's of discussion going on in the non-existent novacoin forums. I'm sure lot's of exchanges are eager to implement NVC, payment processors are on their way and I probably missed all the media attention.

And if I would think Novacoin was such a great coin that could destroy LTC in the future and money was my only motivation, why the hell wouldn't I just buy them?  Roll Eyes

BTC: 1MifMqtqqwMMAbb6zr8u6qEzWqq3CQeGUr
LTC: LhvMYEngkKS2B8FAcbnzHb2dvW8n9eHkdp
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November 26, 2013, 03:19:16 AM
 #53

I agree BFL is the biggest scam. They skinned me bad.

NovaCoin I think is a brilliant design but when over 85% of the coin supply is mined in the first 10 days or so of a coins life it is kind of a stand out.

With novacoin we all have the option to just not mine or trade it.



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November 26, 2013, 04:18:01 AM
 #54

NovaCoin is a ScamCoin!  Angry
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January 04, 2014, 02:34:40 AM
Last edit: January 04, 2014, 03:46:15 AM by Balthazar
 #55

NovaCoin I think is a brilliant design but when over 85% of the coin supply is mined in the first 10 days or so of a coins life it is kind of a stand out.
Supply is growing constantly... And now it's more than 3 times higher than it was at the beginning of 2013. But of course, anybody is free to choose another project, no one will object. Smiley
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