ArafaA
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April 20, 2016, 07:28:49 PM |
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Looks like we have some competition coming from. CLINT. Show them democracy is overrated!!! Clint is a false homage to our power couple overlords. Don't let them trump us.
Not too worried about a coin that doesn't have a block explorer, doesn't say what the premine was, and is asking for $350,000 to start a BANK. Someone on Yobit found out what their premine was though, take a look https://github.com/abougadibou/clinton-source/blob/master/src/main.cpp#L1285800,000 coin premine. that's 1/3rd of the total coins that will ever be minted. Something like 200 days of mining the blockchain solo. Wow. And on a coin that has 1 coin block rewards no less. Incredible. This 800,000 coin premine can be dumped any time soon as i notice the price decrease from 0004 to 0001 in one day so i am sticking with BLRY it seems more promising than clinton coin There is as of this writing, just under 7000 CLINT blocks mined, at 1 coin each, that means that the total supply of mined coins is about 7,000. That means %99.16 of all CLINT in circulation is held by the coin's creator. Furthermore, the Volume on Yobit is 12+ BTC. Now at the current price, that's about 90,000 coins of volume. Since there's only 7,000 in existence, guess who's been faking all that volume? So +90% of the volume is just the premine assuming that EVERY block mined has also been sold, which is highly unlikely. Which makes the true figure probably closer to 95-99% fake volume. I don't want to bash other coins, but this isn't a coin, it's a scam. If it's not a scam, then there has literally never been a scam in human history. Thank you for this analysis BLRY prices is very stable from the time added to yobit till now , waiting to see 1 BLRY over 0001
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Tmdz
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April 20, 2016, 08:31:35 PM |
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Thats good to know about CLINT and someone posted a snip of code that confirms the pre-mine. For fun I grabbed the source of Billary Coin and took a look at Main.cpp
int64_t nSubsidy = 100 * COIN;
if(nBestHeight == 0) { nSubsidy = 857143 * COIN
So as you can see the pre-mine on billary is 857143 coins or about 2% by the end of POW where there will be 42 million coins. This coin will generate around 1 million coins a week so in the first week POW will exceed the pre-mine. You can open the source in a text editor and read the code, so I think it would be quite easy for anyone to figure out or confirm a premine on a coin if a dev tried to hide it by not disclosing or not have a block explorer for example.
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King Buzz
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love life...
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April 20, 2016, 08:31:53 PM |
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djslick (OP)
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April 20, 2016, 08:44:16 PM Last edit: April 20, 2016, 10:50:24 PM by djslick |
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Thats good to know about CLINT and someone posted a snip of code that confirms the pre-mine. For fun I grabbed the source of Billary Coin and took a look at Main.cpp
int64_t nSubsidy = 100 * COIN;
if(nBestHeight == 0) { nSubsidy = 857143 * COIN
So as you can see the pre-mine on billary is 857143 coins or about 2% by the end of POW where there will be 42 million coins. This coin will generate around 1 million coins a week so in the first week POW will exceed the pre-mine. You can open the source in a text editor and read the code, so I think it would be quite easy for anyone to figure out or confirm a premine on a coin if a dev tried to hide it by not disclosing or not have a block explorer for example.
Exactly, the "about 2%" you refer to is because the premine isn't counted towards the total supply the way I built the blockchain, the total supply is actually 42,000,000 + the premine, so actually 42,857,143 is the real number, But I figured it was fine listing the 42,000,000 as the total cause that's a much rounder number, and it's the true mineable amount. If this is at all seems sketchy, please tell me and I'll change the total coins listing from the OP, I don't want for a minute to be associated with devs that try to cheat or hide information. So technically the premine is 2.040816% of the true coin total, or 2% of the minable 42,000,000. I should have built the blockchain to accommodate for a nice round number with the premine included... but you live and you learn! And for anyone wondering, With the giveaways and bounties, almost 200,000 BLRY from the pre-mine has been given to the community, and that's not including the deals I'm negotiating with developers to join the team, which will also come out of the pre-mine. And full disclosure, I've also sold about 20k on the exchanges, because well, I wanted to take Team Billary's better half out to a nice dinner to celebrate the launch
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Maximusprime
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April 20, 2016, 11:00:13 PM |
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And full disclosure, I've also sold about 20k on the exchanges, because well, I wanted to take Team Billary's better half out to a nice dinner to celebrate the launch I'll assume you ordered the steak.
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djslick (OP)
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April 21, 2016, 12:09:58 AM |
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And full disclosure, I've also sold about 20k on the exchanges, because well, I wanted to take Team Billary's better half out to a nice dinner to celebrate the launch I'll assume you ordered the steak. Oh Jesus I wish, it was a vegan restaurant... sigh, the things I do for the ladies. You should have seen the look of shock and horror on the waitress' face when I asked if they had any butter for my bread. It was as if I offended all of her delicate sensibilities all at once. I would have taken margarine, but something tells me that asking if they have any "I can't believe it's not butter" would have come off even more crass, lol! Fucking vegans.
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djslick (OP)
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April 21, 2016, 12:12:12 AM Last edit: April 21, 2016, 12:51:35 AM by djslick |
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So for all you trainspotters out there, you might have noticed a dip in the hashrate, that's right it went as low as 6GH!!! And of course by the time my BTC transaction to nicehash had cleared, it was already up to 14, now it's 24... sigh. We hit a 20 minute BTC block the moment I started the transfer, even though nicehash only required 1 confirmation, it just took foreverrrrr. I should just keep a few spare 0.01 BTCs in their wallet for when it dips, could of cleaned up!
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jeffthebaker
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April 21, 2016, 01:15:16 AM |
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CLINTON has been fully exposed as a shitty scamcoin. Everyone on yobit is dumping. Expect this to translate into Billary price surges as CLINT investors convert to BLRY and more newcomers will invest in us with a competitor out of the market!
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Maximusprime
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April 21, 2016, 01:20:31 AM |
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And full disclosure, I've also sold about 20k on the exchanges, because well, I wanted to take Team Billary's better half out to a nice dinner to celebrate the launch I'll assume you ordered the steak. Oh Jesus I wish, it was a vegan restaurant... sigh, the things I do for the ladies. You should have seen the look of shock and horror on the waitress' face when I asked if they had any butter for my bread. It was as if I offended all of her delicate sensibilities all at once. I would have taken margarine, but something tells me that asking if they have any "I can't believe it's not butter" would have come off even more crass, lol! Fucking vegans. Dude you must have the patience of a monk on xanax.
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MR_UNIVERSE_66
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April 21, 2016, 01:40:32 AM |
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motorhead89
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Wasssssup!
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April 21, 2016, 01:44:46 AM |
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Accumulate BLRY while it is still cheap... this is a new coin and won't remain at these prices long. Now my only question is if BLRY will surpass Trumpcoin in the next coming months?
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I had my account hacked due to a weak password I was told. It has be re-secured and a stronger password implemented. Hacker was posting malware links using my account. Always use a very strong password.
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bitwarrior
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April 21, 2016, 03:32:41 AM |
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shintosai
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April 21, 2016, 03:35:41 AM |
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this is good to know a translation for us, might help more the community the coin is moving well from yobit worth to watch and compete with the trump. good luck dev.
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ArafaA
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April 21, 2016, 04:48:49 AM |
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Accumulate BLRY while it is still cheap... this is a new coin and won't remain at these prices long. Now my only question is if BLRY will surpass Trumpcoin in the next coming months? BLRY will do that easily and not to forget scam coin (Clint) left out. The first expose was here Thanks
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Novep
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April 21, 2016, 04:56:21 AM |
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Quoting my post. Seem like my post got ignored. OP I have not received any bounty yet. I hae translate the ANN. I'm still waiting Once again ignored. Are you gonna give the bounty or not? Please do say so I can stop waiting! I havesent my address on your PM
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djslick (OP)
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April 21, 2016, 02:36:42 PM Last edit: April 21, 2016, 03:27:34 PM by djslick |
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Quoting my post. Seem like my post got ignored. OP I have not received any bounty yet. I hae translate the ANN. I'm still waiting Once again ignored. Are you gonna give the bounty or not? Please do say so I can stop waiting! I havesent my address on your PM Ignored!? READYou haven't updated the ANN, it still says PRE-ANN, the old logo, missing pools, no exchanges, no updated wallets, no other translations... And when I went to sleep last night you had not yet PMed me the updated thread link or your BLRY address, I wake up now to see that you sent the BLRY address at 4:55 AM this morning, exactly ONE minute later at 4:56 AM after finally PMing me your BLRY address, you came here to bitch in public. Sorry dude, I'm done with you, sending you 50 BLRY for your efforts, because A) you didn't do the job asked of you, and B) you were kinda a snidey cunt about it. Philipino bounty goes to Bitwarrior who actually did the work.
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TheButcher88
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April 21, 2016, 05:55:41 PM |
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BLRY kinda cheap on YoBit right now. It's cheaper to buy them then to mine them.
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Maximusprime
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April 21, 2016, 06:36:19 PM |
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Quoting my post. Seem like my post got ignored. OP I have not received any bounty yet. I hae translate the ANN. I'm still waiting Once again ignored. Are you gonna give the bounty or not? Please do say so I can stop waiting! I havesent my address on your PM Ignored!? READYou haven't updated the ANN, it still says PRE-ANN, the old logo, missing pools, no exchanges, no updated wallets, no other translations... And when I went to sleep last night you had not yet PMed me the updated thread link or your BLRY address, I wake up now to see that you sent the BLRY address at 4:55 AM this morning, exactly ONE minute later at 4:56 AM after finally PMing me your BLRY address, you came here to bitch in public. Sorry dude, I'm done with you, sending you 50 BLRY for your efforts, because A) you didn't do the job asked of you, and B) you were kinda a snidey cunt about it. Philipino bounty goes to Bitwarrior who actually did the work. That's it bud don't take no shit.
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motorhead89
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Wasssssup!
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April 21, 2016, 06:40:29 PM |
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I had my account hacked due to a weak password I was told. It has be re-secured and a stronger password implemented. Hacker was posting malware links using my account. Always use a very strong password.
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djslick (OP)
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April 21, 2016, 07:27:28 PM |
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Good question! I've waited a bit to get it listed, as there aren't that many coins in circulation yet. And the premine is still proportionally a big chunk of them. I want to wait until there's at least 2-3x as many coins that have been mined by the public to list on coinmarketcap. I hope this explanation sounds reasonable to you, if it doesn't please let me know and I'll consider changing our strategy. Because the premine isn't going anywhere, so the total right now is not very representative of the total amount of trade-able coins. If I were to list it right now the market cap would be low, and I don't think it's very representative of our coin. Remember we've only been launched for 4 days now! (only on block 7725) We have a long ways to go, and this is a marathon, not a sprint. which reminds me, HAPPY 4-DAY BIRTHDAY CELEBRATION GUYS!!!
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