[Network Repaired][ANN][BITS] BitSeeds - A Currency that Grows!

[GabeBitSeeds]

The Rainforest Foundation is a very well established and very well respected charity.  The entire point of our process is ecosystem preservation.  That includes the markets as well as the planet.  It would be rather hypocritical to destroy one while supporting the other.

Altcoin speculator mining patterns are analogous to strip miners or fracking: extract as much wealth from a network as quickly as possible and it doesn't matter what happens afterwards.

Mining this coin has the potential to give back for the destruction their mining has caused.

Karma happens.

The kool-aid must come in extra extra large cups around there.  You guys are hilarious.

To translate the response to my latest post:

We are using the name of a well respected 30 year old charity to push a get rich scheme.  If you lose money on this, well....... its for charity. 

I don't own a single BitSeed. I have not mined even 1.

Finally, you've said something I can respect you for.  If this was my coin I wouldn't mine it either.

Pretty website, but that's it.

Thanks man!

[Bank_sy]

The Rainforest Foundation is a very well established and very well respected charity.  The entire point of our process is ecosystem preservation.  That includes the markets as well as the planet.  It would be rather hypocritical to destroy one while supporting the other.

Altcoin speculator mining patterns are analogous to strip miners or fracking: extract as much wealth from a network as quickly as possible and it doesn't matter what happens afterwards.

Mining this coin has the potential to give back for the destruction their mining has caused.

Karma happens.

The kool-aid must come in extra extra large cups around there.  You guys are hilarious.

To translate the response to my latest post:

We are using the name of a well respected 30 year old charity to push a get rich scheme.  If you lose money on this, well....... its for charity. 

I don't own a single BitSeed. I have not mined even 1.

Finally, you've said something I can respect you for.  If this was my coin I wouldn't mine it either.


The only reason why (in my opinion) some of us are calling you out on the obvious items here, is because you've dragged a reputable ACTUAL charity into this.  I'm sure on paper, your claims of how much you can produce in revenue off of a 100,000,000 10% interest staking wallet seemed great to the Rainforest Foundation.  But you guys flat out lied to them, and are lying to yourselves about the good your doing.  You will actually do more harm to crypto's and the reputation of them within that community of Charities.

If you had just announced this, without being tied to the Rainforest Foundation, I would have NEVER have commented.  Never mined it, because the stats are bullshit.  There are plenty of shit ass suck coins that are launched every day that I never feel the slightest inkling to comment on.  Yours, I took exception to.

In fact, I've even emailed Suzanne and the foundation with the potential damage to their publicity and lack of professionalism you all have shown here.  And I'm not talking about the rhetoric going back and forth since you're getting slammed, but just the overall view of this launch.  Pretty website, but that's it.

[AtlasONo]

So basically you approached the Rainforest foundation and told them you will give them the revenue from all these staked coins in exchange for them attaching their name to it. They have little to lose and "$1.5 billion over 100 years" to gain.

[GabeBitSeeds]

So basically you approached the Rainforest foundation and told them you will give them the revenue from all these staked coins in exchange for them attaching their name to it. They have little to lose and "$1.5 billion over 100 years" to gain.

Actually no thats not how it happened. I will let you know exactly how the past year has unfolded, just am not at a computer to write out the long story. Wish it was that simple, but it wasn't.

[morrisonsa]

Also when you're at your computer, can you tell me the winning lotto numbers next week, since it seems you have the ability to time travel?

5 minute blocks, launched Friday night, and now at block...basically 8,000.  I'm no math genius, but that should be about 27 days in the future..today...

Even at 1 minute blocks that should be 5.5 days...

I've actually lost respect for Richie for adding your coin, even if you paid him to be added.  Thought he had more sense than this.

[xaznarrac]

Just wondering if you have any bounties.

I am a writer, SEO expert, been it crypto for about 2 years now and have a lot of time in my hands. Also I speak fluent spanish.

[Litoshi]

Also when you're at your computer, can you tell me the winning lotto numbers next week, since it seems you have the ability to time travel?

5 minute blocks, launched Friday night, and now at block...basically 8,000.  I'm no math genius, but that should be about 27 days in the future..today...

Even at 1 minute blocks that should be 5.5 days...

I've actually lost respect for Richie for adding your coin, even if you paid him to be added.  Thought he had more sense than this.

Congrats........ you have discovered the scam,..... er..... I mean, BUSINESS PLAN. 

Step #1.... get lots of coins, hopefully without the community knowing

Step #2.... get listed on an exchange.  Pump the coin on social media.

Step #3... wash trade the coins to a high value.  (buy your own coins for 1,000,000 satoshi each)

Step #4.... sell to the chumps that think your coin is going TO THE MOON!!

Step #5.... withdraw BTC and send to bitcoin mixing service

Step #6.... enjoy

[coincrow]

So basically you approached the Rainforest foundation and told them you will give them the revenue from all these staked coins in exchange for them attaching their name to it. They have little to lose and "$1.5 billion over 100 years" to gain.

I also share the above opinion. This currency will not even take off. Sorry guys.

[vegasguy]

Also when you're at your computer, can you tell me the winning lotto numbers next week, since it seems you have the ability to time travel?

5 minute blocks, launched Friday night, and now at block...basically 8,000.  I'm no math genius, but that should be about 27 days in the future..today...

Even at 1 minute blocks that should be 5.5 days...

I've actually lost respect for Richie for adding your coin, even if you paid him to be added.  Thought he had more sense than this.

Congrats........ you have discovered the scam,..... er..... I mean, BUSINESS PLAN. 

Step #1.... get lots of coins, hopefully without the community knowing

Step #2.... get listed on an exchange.  Pump the coin on social media.

Step #3... wash trade the coins to a high value.  (buy your own coins for 1,000,000 satoshi each)

Step #4.... sell to the chumps that think your coin is going TO THE MOON!!

Step #5.... withdraw BTC and send to bitcoin mixing service

Step #6.... enjoy

You forgot "Rinse and repeat"

[CryptoDustin]

Looks like a lot of people are salty and possibly jealous that this coin, in under 48hrs of being launched, had a 3rd of bitcoin's hashing power on it.

Game on.

[Litoshi]

The business model for the RainForest Foundation relies on donations from the jet setting celebrity class, not porn watching twenty-somethings that still live in Mom's basement.

The jet-setters need to relieve their guilt, and any criticism they might get from the public for their wasteful ways.  When they fly the Gulfstream to "the resort" and burn 20,000 lbs of fuel, producing 220,000 pounds of CO2, they then send $2000 to the Rainforest Foundation to plant 1000 trees, that will in their lifetime, absorb that much CO2.  Guilt abated.  Ready for next holiday trip.

[Litoshi]

Looks like a lot of people are salty and possibly jealous that this coin, in under 48hrs of being launched, had a 3rd of bitcoin's hashing power on it.

Game on.

And wont they be disappointed when they discover that the devs have pre-mined about 7000 blocks (700,000 coins) without disclosing it?  That is in addition to the 100 million coins that are supposed to be in a "lockbox".  

[BitSeedsFoundation]

Exactly how many people in the world have access 130 petahash?

Thank you for your vote of confidence, however that is outside of our capabilities.

That miner was, for a time, on the public pools.  The evidence is in the blockchain.

https://usercontent.irccloud-cdn.com/file/o2qWl5ZL/IMG_5283.PNG

[AtlasONo]

So the 90 day mining period is now 45 days.

[BitSeedsFoundation]

That's correct.  The miner with the 130 petahash is collecting all of the coins and is mining in a specific pattern to do so.

[Litoshi]

That's correct.  The miner with the 130 petahash is collecting all of the coins and is mining in a specific pattern to do so.

maybe he knows the solutions prior to launch

[AtlasONo]

Oh so he is attacking the network 

[BitSeedsFoundation]

If this is an attack or not I'll let you experts here decide.

Edit to add:  What kind of person would attack a charity?

That's bitcoin level hashrates. I don't think anyone that invested in bitcoin is threatened by trees.

[Litoshi]

You guys were lazy and used the open source BTC code.  You could have used Scrypt-Jane, X13, or any of the other non-ASIC algos.

This further shows your inexperience and naivety  in crypto and business in general.  Also a lack of planning. 

What a joke.

[BitSeedsFoundation]

What you're saying is that you wouldn't want bitcoin miners to have a vote when those miners are the ones that cause the most destruction given the volume of mining. We disagree.

GPU mining is a joke compared to the power behind the bitcoin network.  The economic design of this coin took this scenario into account.

If a major bitcoin mining farm wanted to have a say, we allowed it.

That's no joke.