ANN - LEOcoin - Official announcement regarding LEOcoin from LEOcoin Foundation

[ivocoins]

People trying to make money off other people. Isn't that what trading is all about? As long as there's no deceit going on, this is fine.

And it goes both ways. Do not support any changes to the coin, therefore force them into pumping it. Then we can make some money off them too.

As long as they're not allowed to change the rules, let them do whatever they think they're doing, and tag along. We already knew they were crooks from the beginning, that's not news.

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[BarrioFInito]

Bulls and Bears eat, Pigs get slaughtered! Woooohhhh!!!!!  But thats trading, not MLM scaming people with a "coin" and true, hope they pump it up a lil, eating a bit more wont hurt 

[ivocoins]

Bulls and Bears eat, Pigs get slaughtered! Woooohhhh!!!!!   But thats trading, not MLM scaming people with a "coin" and true, hope they pump it up a lil, eating a bit more wont hurt  

Unless its all fake volume, they ARE pumping

[devlin]

I am indeed entitled to my opinon.
However if you switch to POS only right now, it is a FACT that this turns into a 70% premine, not merely an opinion.

First, it is not me that changes to a POS only system, but LEOcoin developers are changing LEOcoin's algo.

Second, the premine is spread between a large number of persons, third parties and very many individuals who are not the ones that did the pre-mine. When you would say that there is a large group of LEOcoin owners who is also a part of the LEO community, you are right. But imo, you err in your assertion that it is a fact that LEOcoin would turn into a 70% premine. The fact is that Dan Andersson stated in this thread that the 50m. premine is distributed mostly amongst members of the LEO community. 10m. have been donated to the LEOcoin Foundation, so yes, we will have a decent stake interest.

Leocoin community (members) should to be able to vote to change algorithm....
if community and miners  not switch to POS wallet what happen?

[ivocoins]

I am indeed entitled to my opinon.
However if you switch to POS only right now, it is a FACT that this turns into a 70% premine, not merely an opinion.

First, it is not me that changes to a POS only system, but LEOcoin developers are changing LEOcoin's algo.

Second, the premine is spread between a large number of persons, third parties and very many individuals who are not the ones that did the pre-mine. When you would say that there is a large group of LEOcoin owners who is also a part of the LEO community, you are right. But imo, you err in your assertion that it is a fact that LEOcoin would turn into a 70% premine. The fact is that Dan Andersson stated in this thread that the 50m. premine is distributed mostly amongst members of the LEO community. 10m. have been donated to the LEOcoin Foundation, so yes, we will have a decent stake interest.

Leocoin community (members) should to be able to vote to change algorithm....
if community and miners  not switch to POS wallet what happen?

It's ultimately to which wallet the exchanges switch. And they control that.
But then we might as well dump, if they don't care to listen to the community
Or we could fork it and put it on a real exchange

And any change would require time, until everybody updates. Some people might just be unhappy and quit. I figure a change can only make the price go down.
And why would we even want to change anyway? If there ever was a botnet, it seems to have disappeared. Difficulty went down from 90 to 30. And leo team is all the sudden upset

[Peter78]

I used the blockchain explorer to follow some of the transactions with pre-mined coins.

That is very strange.

There are for example approx. 8 million Leocoins that get permanently transfered between a lot of wallets.

Below is a screenshot.
1) There is still someone who had 7 million (!!) pre-mined Leocoins 14 days ago!

@LeoCoin Foundation.
Dan sad that the pre-mined coins have almost all been distributed.
That seems not to be the case

2) Do these kind of transactions make any sense ?

[Peter78]

Wallet with 7.5 million Leocoin
You can trace them back. They were pre-mined.

http://explorer.leocoin.org/a/LgSUDKYvkG

[devlin]

Botnet not caused decision to switch to POS, to avoid botnets is sufficiently to change N to 13, 14, or 15 ..... POS sounds good only in theory....

[Cryptotraider16]

I am not a LEO member and i am for POS! I have over 20 friends who own LEOcoin and all are for POS!

[Cryptotraider16]

I used the blockchain explorer to follow some of the transactions with pre-mined coins.

That is very strange.

There are for example approx. 8 million Leocoins that get permanently transfered between a lot of wallets.

Below is a screenshot.
1) There is still someone who had 7 million (!!) pre-mined Leocoins 14 days ago!

@LeoCoin Foundation.
Dan sad that the pre-mined coins have almost all been distributed.
That seems not to be the case

2) Do these kind of transactions make any sense ?

Great job done! Please keep research!
Now its why leocoin is not on cmc!

Hope leo will deliver that coins to owner asap so coinmarketcap.com will add leocoib to main site!

[devlin]

I am not a LEO member and i am for POS! I have over 20 friends who own LEOcoin and all are for POS!

For me POS will be fine if this will save leocoin, but I have doubt ....

[BarrioFInito]

hahahaha hahahaha @Cryptotraider16 hahahahah ahahahaha cmon, now you are a troll, no other word. cant you do math?logic has no say in your world? hahahahahahah oh well, there is no hope for you, no data / info about LeoCOin will make you change your mind, due to you got "scammed" into 100k LeoCoins for 0,65*£......i would say "wake up and smell the coffee" bout i dont think C4 under your bed would make you move on LeoCoin.  

[ivocoins]

Great job done! Please keep research!
Now its why leocoin is not on cmc!

Hope leo will deliver that coins to owner asap so coinmarketcap.com will add leocoib to main site!

me no under standing howd u gots 84nd activites' likes leocoin foundations, exzacatly. seems two match cow operations between the 2 of yours

[Peter78]

In addition to the 7 million wallet mentioned above, here is a 10 million wallet :

[Peter78]

And a third(!) wallet:  with 8.5 million pre-mined Leocoins!

[danandanderson]

So here we see how Dan is telling the truth in the interwiev !
Premine is explained, a LEocoin Foundation ?
Leocoin is a scamcoin and Leo ltd and Dan are scammers !

[wildduck]

Hehehehe somebody waiting for right price to dump all their coins, but the price isn`t coming

[danandanderson]

I dont think that price is the biggest problem, there is no volume so even if they want to dump their premine they cant.. They have to create a hype, price will go up bla bla, the botnet problem is solved and now everything will be great for leocoin bla bla , leocrowd is the biggest thing seen in years bla bla .... And hope that fools will buy into it and start buying. But I dont see it happening

[BarrioFInito]

Lets hope it does  I got a few on em LeoCoins myself, waiting to dump em.....would be great to make some mula! But Dan and Co will let the coin die out slow, no pump, since they own 50M premine, they can and they ARE selling coins in a MLM package, LeoCrowd and what not, so i wont hope to see the price above 0.3€*... But if i does happen.......

[LEOcoin Foundation]

I am indeed entitled to my opinon.
However if you switch to POS only right now, it is a FACT that this turns into a 70% premine, not merely an opinion.

First, it is not me that changes to a POS only system, but LEOcoin developers are changing LEOcoin's algo.

Second, the premine is spread between a large number of persons, third parties and very many individuals who are not the ones that did the pre-mine. When you would say that there is a large group of LEOcoin owners who is also a part of the LEO community, you are right. But imo, you err in your assertion that it is a fact that LEOcoin would turn into a 70% premine. The fact is that Dan Andersson stated in this thread that the 50m. premine is distributed mostly amongst members of the LEO community. 10m. have been donated to the LEOcoin Foundation, so yes, we will have a decent stake interest.

Leocoin community (members) should to be able to vote to change algorithm....
if community and miners  not switch to POS wallet what happen?

As reply I quote from the interview that was posted here last week:

LF: Dan, did you not mention a blockchain vote the other day?

DA: Yes indeed; there will be a blockchain voting procedure. For an open digital currency that carries transparency and democracy in its label, it sort of comes as a natural thing that the owners who actually hold LEOcoins will have the opportunity to vote on major changes. We are still working on the technical details with the LEOcoin development team, but ultimately, when a majority will have chosen to embrace the POS mechanism, it will be swiftly implemented.