ANN - LEOcoin - Official announcement regarding LEOcoin from LEOcoin Foundation

[LEOcoin Foundation]

@all

We can confirm, that Craig S. Wright has not created LEOcoin.

[LEOcoin Foundation]

LEOcoin was prominently present at the LEO lunch-meeting event in the British Parliament:

http://view.vzaar.com/6989798/player?autoplay=true&looping=true&border=false

[Cryptotraider16]

@all

We can confirm, that Craig S. Wright has not created LEOcoin.

Not even Bitcoin!

[Cryptotraider16]

LEOcoin was prominently present at the LEO lunch-meeting event in the British Parliament:

http://view.vzaar.com/6989798/player?autoplay=true&looping=true&border=false

Great! Now who say LEOcoin founders are Scam is really retarded!

[king_pin]

A few years back we had the same conversations about UltraCoin. It is dead now and Leocin is flowing in its footsteps.
PoS mining is not a good option, a reverse in the N-Factor is a much better one for fighting against botnet miners.

[Cryptotraider16]

A few years back we had the same conversations about UltraCoin. It is dead now and Leocin is flowing in its footsteps.
PoS mining is not a good option, a reverse in the N-Factor is a much better one for fighting against botnet miners.

Yeah but LEO as LEOcoin founder will soon have 1 milion members and most dont know how to mine crypto! But how to open wallet and pres stakeing will all know! 👍🏼

[LEOcoin Foundation]

A few years back we had the same conversations about UltraCoin. It is dead now and Leocin is flowing in its footsteps.
PoS mining is not a good option, a reverse in the N-Factor is a much better one for fighting against botnet miners.

@king_pin

"the report of my death was an exaggeration" - Mark Twain

sorry, but I beg to differ with your idea that LEOcoin would flow in UTC footsteps. There are significant differences between LEOcoin and UTC and with a market capital of about 20 million USD, LEOcoin is nowhere near dead, but rather nearing the top 5 of the world's largest digital currencies again. (Yes, we all know it is not listed on CoinMarketCap's frontpage, but with a calculator anyone can see how much 72806240.030627 LEOcoin x 0,2735$ is.)

As a miner, I would like to mine LEOcoin with my RIGs for another few months on NF12 or so, but it definitely looks like this option is no longer available. Botnet virus mining is a disease that spoils the crypto-world and it is a shame that UTC or YAC and LEOcoin had to suffer under the greed of their fellow miners. And also returning to a lower N-Factor would not stop the botnet virus spreading and dumping their 'reward'. Even 200,000 infected CPU would still mine significant numbers, despite the better reward with GPUs. As such, POS is perhaps not the most sexy answer, but an effective one. Other digital currencies, like CRBIT have switched to POS too, just as this is planned for ETH. As LEOcoin Founder Dan Andersson has told me, the main advantage of POS is that it is a modern environmental friendly way of digital coin creation because it uses way less energy than a mixed POW/POS mechanism would.

[danandanderson]

A few years back we had the same conversations about UltraCoin. It is dead now and Leocin is flowing in its footsteps.
PoS mining is not a good option, a reverse in the N-Factor is a much better one for fighting against botnet miners.

@king_pin

"the report of my death was an exaggeration" - Mark Twain

sorry, but I beg to differ with your idea that LEOcoin would flow in UTC footsteps. There are significant differences between LEOcoin and UTC and with a market capital of about 20 million USD, LEOcoin is nowhere near dead, but rather nearing the top 5 of the world's largest digital currencies again. (Yes, we all know it is not listed on CoinMarketCap's frontpage, but with a calculator anyone can see how much 72806240.030627 LEOcoin x 0,2735$ is.)

As a miner, I would like to mine LEOcoin with my RIGs for another few months on NF12 or so, but it definitely looks like this option is no longer available. Botnet virus mining is a disease that spoils the crypto-world and it is a shame that UTC or YAC and LEOcoin had to suffer under the greed of their fellow miners. And also returning to a lower N-Factor would not stop the botnet virus spreading and dumping their 'reward'. Even 200,000 infected CPU would still mine significant numbers, despite the better reward with GPUs. As such, POS is perhaps not the most sexy answer, but an effective one. Other digital currencies, like CRBIT have switched to POS too, just as this is planned for ETH. As LEOcoin Founder Dan Andersson has told me, the main advantage of POS is that it is a modern environmental friendly way of digital coin creation because it uses way less energy than a mixed POW/POS mechanism would.

Are you for real? Comparing Creditbit and Ethereum with Leocoin😂😂😂

[Hero_Member]

>> (Yes, we all know it is not listed on CoinMarketCap's frontpage, but with a calculator anyone can see how much 72806240.030627 LEOcoinx 0,2735$ is.)

Reminder: That includes 50,000,000 premined coins. 

[LEOcoin Foundation]

>> (Yes, we all know it is not listed on CoinMarketCap's frontpage, but with a calculator anyone can see how much 72806240.030627 LEOcoinx 0,2735$ is.)
Reminder: That includes 50,000,000 premined coins. 

Correct, there has been a premine of 50,000,000 LEOcoins. They have been distributed as stated by Dan Andersson in the interview that was exclusively made for this thread.

The good thing about the premine, besides that 10,000,000 of them are now held by the LEOcoin Foundation, is that it prevented the botnet miners to take over the blockchain, once they got 51% of the POW hashes.

Even when 51%-attacks are perhaps a mere theoretical exercise, currently Bitcoin and the two chinese mining pools with a combined total of over 51% is in a less fortunate situation.

[Hero_Member]

>> (Yes, we all know it is not listed on CoinMarketCap's frontpage, but with a calculator anyone can see how much 72806240.030627 LEOcoinx 0,2735$ is.)
Reminder: That includes 50,000,000 premined coins. 

Correct, there has been a premine of 50,000,000 LEOcoins. They have been distributed as stated by Dan Andersson in the interview that was exclusively made for this thread.

The good thing about the premine, besides that 10,000,000 of them are now held by the LEOcoin Foundation, is that it prevented the botnet miners to take over the blockchain, once they got 51% of the POW hashes.

Even when 51%-attacks are perhaps a mere theoretical exercise, currently Bitcoin and the two chinese mining pools with a combined total of over 51% is in a less fortunate situation.

Could you explain how premine prevents 51% POW attack? Thanks. 

[LEOcoin Foundation]

>> (Yes, we all know it is not listed on CoinMarketCap's frontpage, but with a calculator anyone can see how much 72806240.030627 LEOcoinx 0,2735$ is.)
Reminder: That includes 50,000,000 premined coins.  

Correct, there has been a premine of 50,000,000 LEOcoins. They have been distributed as stated by Dan Andersson in the interview that was exclusively made for this thread.

The good thing about the premine, besides that 10,000,000 of them are now held by the LEOcoin Foundation, is that it prevented the botnet miners to take over the blockchain, once they got 51% of the POW hashes.

Even when 51%-attacks are perhaps a mere theoretical exercise, currently Bitcoin and the two chinese mining pools with a combined total of over 51% is in a less fortunate situation.

Could you explain how premine prevents 51% POW attack? Thanks.  

I have not stated, that premine prevented 51% POW attacks, but that the premine prevented the botnet miners to take over the blockchain, once they got 51% of the POW hashes.

There have been several attacks on LEOcoin, I presume, just as there have been DDOS attacks on most pools, except for one and also on exchanges that sell/sold LEOcoin.

[Cryptotraider16]

In few days when POS start then all will be diffrent story! Hope POS start this month finally!👍🏼💶💵💷💸

[LEOcoin Foundation]

Today LEOcoin Founders Dan Andersson and Atif Kamran are at the DSA Conference 2016, with LEO Ltd. as Gold Sponsor of event, flying the flag for LEOcoin.

You can find them in the East Midlands Conference Centre & Orchard Hotel, Nottingham. (Only for DSA members).

Website: http://conference.dsa.org.uk/

[cryptodevil]

the premine prevented the botnet miners to take over the blockchain, once they got 51% of the POW hashes.

*raises hand*

Ummm, I'd just like to point out . . .that's bollocks.

As you were, whatever it is you're pretending to do in this thread.

[LEOcoin Foundation]

the premine prevented the botnet miners to take over the blockchain, once they got 51% of the POW hashes.

*raises hand*

Ummm, I'd just like to point out . . .that's bollocks.

As you were, whatever it is you're pretending to do in this thread.

Please explain why having over 50% of the stake would be 'bollocks' (vulgar slang) when it comes to situations where someone would get over 50% of the POW hash rate?

[cryptodevil]

Stake? Leocoin is proof-of-work, why are you bringing 'staking' into this when discussing the, alleged, botnet?

Seeing as you're insisting on making an arse of yourself when it comes to failing to understanding the technology, why the fuck is this still on the leocoin website when I already told you months ago it was bullshit or, seeing how upset you get about the use of vulgar expression,  an outright fucking lie?

Through the use of advanced cryptography and encryption methods, we have managed to make LEOcoin a truly anonymous digital currency, in contrast to others which are anonymous only on a superficial level.

You said this fraudulent claim would be removed when I first challenged you on it, but there it still is.

[LEOcoin Foundation]

Stake? Leocoin is proof-of-work, why are you bringing 'staking' into this when discussing the, alleged, botnet?

Seeing as you're insisting on making an arse of yourself when it comes to failing to understanding the technology, why the fuck is this still on the leocoin website when I already told you months ago it was bullshit or, seeing how upset you get about the use of vulgar expression,  an outright fucking lie?

LEOcoin is still a POW/POS hybrid. Two recent coin creations:

POW - 20 LEOcoins block reward: http://explorer.leocoin.org/block/00000001c5e84d8d8eeeaacb6a9720fef15c9611d8d0c51a68488f8096d98f9c
POS - 4.7 LEOcoin POS interest: http://explorer.leocoin.org/block/0b13f67ec091769e0a80afbb585d85caadf7cac19d694f13973496bc687e1c70

[LEOcoin Foundation]

Through the use of advanced cryptography and encryption methods, we have managed to make LEOcoin a truly anonymous digital currency, in contrast to others which are anonymous only on a superficial level.

You said this fraudulent claim would be removed when I first challenged you on it, but there it still is.

Yes, sorry, but we are busy with other things. At least LEOcoin is not less pseudonymous as others. And, fyi, I did not write that copy.

[LEOcoin Foundation]

Seeing as you're insisting on making an arse of yourself when it comes to failing to understanding the technology, why the fuck is this still on the leocoin website when I already told you months ago it was bullshit or, seeing how upset you get about the use of vulgar expression,  an outright fucking lie?

Maybe you suffer from 'partialism' or 'coprolalia', but it is entirely your problem dude. If you cannot communicate in a normal way, without vulgar expressions, you soon can join the 'late parrot group' of users that no longer get a response because they got pathologically rude.