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Steinar
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August 30, 2016, 10:01:19 PM |
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I have not been following this thread but when last i checked peepcoin won the cex voting list, why was it not listed ?
Potential red flags: - Impossible promises, like 1 PEEP = 1 USD. Some people do seem to genuinely believe that they were about to get coins to the value of half a million dollars, entirely for free. This is a fantastic claim which would require the dev to secure billions of real dollars in investment. - Premine amount increased significantly without notice. Actual premine is about 39 billion PEEP. This is massive, considering the network will only mint an absolute maximum of 500 million PEEP in the PoW phase (for some reason OP says PoW is 5.6 billion, which is out by a factor of more than 10. Possibly a deliberate lie to hide how massive the premine is.) - Only 19 sets of the free 555555 PEEP sent out. Very few people were sent their promised free coins, before the dev threw a tantrum and stopped posting. - Dev retains tens of billions of PEEP which means he's able to dump them at will. He's already sent at least a couple of billion - more than anyone else could ever mine - to the two exchanges which have listed this coin. That's all you really needed in this post. The rest is all icing on the cake. |
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almightyruler
Legendary
 Offline
Activity: 2268
Merit: 1092
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August 30, 2016, 10:18:52 PM |
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Here's another coin making similarly impossible promises about value pegged to a fiat currency... perhaps peepcoin was inspired by this? https://bitcointalk.org/index.php?topic=1474005.0http://thebillioncoin.com/formula.phpSo you can buy for 0.001 Euros, then sell at the "Ultimate Price" for $10,000 Euros. ???. Profit! "The value of The Billion Coin is not attached to the volatility of the markets; and both Buyers and Sellers of TBC use the Current Price to conduct transactions."Yeah, try telling people on an exchange that. Wonder if that's why peepcoin had the web wallet, to try to lock in value? |
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madmartyk
Legendary
Offline
Activity: 2674
Merit: 1030
Yes I am a pirate, 300 years too late!
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August 30, 2016, 10:29:19 PM |
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Here's another coin making similarly impossible promises about value pegged to a fiat currency... perhaps peepcoin was inspired by this? https://bitcointalk.org/index.php?topic=1474005.0http://thebillioncoin.com/formula.phpSo you can buy for 0.001 Euros, then sell at the "Ultimate Price" for $10,000 Euros.  . Profit! "The value of The Billion Coin is not attached to the volatility of the markets; and both Buyers and Sellers of TBC use the Current Price to conduct transactions."Yeah, try telling people on an exchange that. Wonder if that's why peepcoin had the web wallet, to try to lock in value? Maybe the same DEV? There were people on the exchange bitching about this one as well. |
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liyoungjae
Member
Offline
Activity: 124
Merit: 10
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August 30, 2016, 10:33:51 PM |
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today I examine wallet and receive one peep , why I only received one peep ?
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almightyruler
Legendary
Offline
Activity: 2268
Merit: 1092
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August 30, 2016, 10:36:53 PM |
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Maybe the same DEV? There were people on the exchange bitching about this one as well.
The same question gets asked in the troll box on megacrypton several times each day: "Why are you selling TBC below the price?" ...cos that's how free markets work. When PEEP was first listed there were also people pleading for sellers to remove the low sat orders and sell at the "proper" price.  |
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almightyruler
Legendary
Offline
Activity: 2268
Merit: 1092
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August 30, 2016, 10:41:35 PM |
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today I examine wallet and receive one peep , why I only received one peep ?
Which wallet? Web or windows client? If you posted your address here then perhaps someone sent you a token amount. |
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madmartyk
Legendary
Offline
Activity: 2674
Merit: 1030
Yes I am a pirate, 300 years too late!
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August 30, 2016, 10:57:13 PM |
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Well I could always turn off my miner and see what happens to the blockchain. I think I'm holding the chain up with my G-Blades mining. Every time I get a bunch of Peeps I send them and undercut the DEVs DOGE price. I think the last batch I made 1200 DOGE!!
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almightyruler
Legendary
Offline
Activity: 2268
Merit: 1092
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August 30, 2016, 11:02:37 PM |
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Well I could always turn off my miner and see what happens to the blockchain. I think I'm holding the chain up with my G-Blades mining. I have about 4MH/s here, but my system switches between coins every couple of minutes, so peep may only get a look about 10% to 20% of the time. Right now it's cheaper to buy, than to mine. Don't forget it's a PoS coin too, so open clients will generate blocks. |
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madmartyk
Legendary
Offline
Activity: 2674
Merit: 1030
Yes I am a pirate, 300 years too late!
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August 30, 2016, 11:56:49 PM |
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It is a PoS coin, Piece of Shit!!!
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J@soN
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August 31, 2016, 02:27:04 AM |
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dev gone for sure. what's next?
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almightyruler
Legendary
Offline
Activity: 2268
Merit: 1092
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August 31, 2016, 04:50:04 AM |
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dev gone for sure. what's next?
I guess we should see what happens after block 50000. Requoting my earlier post to place it on this page of the thread... I've been looking at the source code of peepcoin, and also blackcoin (which peepcoin appears to be a clone of) and I think I've found a couple of silly mistakes by the dev, which could potentially save this coin... blackcoin hard forked at block 38424 with a bug fix for a negative difficulty retarget (see http://web.archive.org/web/20140325000902/http://www.blackcoin.co/wallet-2/official-statement-regarding-blockchain-problems-23rd-of-march/ ). peepcoin has the same exact same hard fork conditional code, but with the number changed to 50000. I think what has happened is that the dev thought that block 38424 was blackcoin's PoW limit, and changed it accordingly, when it was actually just the point where the difficulty retargeting algorithm was changed. If I'm correct, this means that PoW will continue indefinitely - it will NOT go to PoS only after block 50000. The dev has also set MAX_MONEY to 56000000000 (5.6 billion PEEP) but again seems to have made a mistake by assuming that this is some sort of maximum minting limit. My understanding, from reading the source, is this is NOT a hard limit on how much the network generates, it is more a sanity check to ensure you don't try to do something silly like send 1 trillion PEEP in a transaction. It has nothing to do with money supply. In a nutshell (if I got it right) :
1. PoW will not stop at block 50000
2. PoW will not stop once 5.6 billion PEEP has been minted (in actual fact, 39.5 billion has already been minted, and mining still works...)So this means that the network isn't limited to minting only a few hundred million PEEP via PoW - the money supply will continue to grow indefinitely. Maybe there's hope after all? |
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ilvbtc
Legendary
Offline
Activity: 1638
Merit: 1001
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August 31, 2016, 09:55:16 AM |
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It was really sheer waste of time with this new 'no-where-to-find' project.It's been just a lot of fuss about NOTHING!
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almightyruler
Legendary
Offline
Activity: 2268
Merit: 1092
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August 31, 2016, 11:34:52 AM |
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It was really sheer waste of time with this new 'no-where-to-find' project.It's been just a lot of fuss about NOTHING!
It's a coin that is already listed on two exchanges, and has been voted on to a third, so I don't think it should be written off as a total waste of time just yet. If as I suspect the coin supply is unbounded and mining can continue indefinitely, the coin supply will grow, and the premine amount will become less and less of an issue. |
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PexJex
Newbie
Offline
Activity: 20
Merit: 0
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August 31, 2016, 12:03:04 PM |
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I've been looking at the source code of peepcoin, and also blackcoin (which peepcoin appears to be a clone of) and I think I've found a couple of silly mistakes by the dev, which could potentially save this coin... blackcoin hard forked at block 38424 with a bug fix for a negative difficulty retarget (see http://web.archive.org/web/20140325000902/http://www.blackcoin.co/wallet-2/official-statement-regarding-blockchain-problems-23rd-of-march/ ). peepcoin has the same exact same hard fork conditional code, but with the number changed to 50000. I think what has happened is that the dev thought that block 38424 was blackcoin's PoW limit, and changed it accordingly, when it was actually just the point where the difficulty retargeting algorithm was changed. If I'm correct, this means that PoW will continue indefinitely - it will NOT go to PoS only after block 50000. The dev has also set MAX_MONEY to 56000000000 (5.6 billion PEEP) but again seems to have made a mistake by assuming that this is some sort of maximum minting limit. My understanding, from reading the source, is this is NOT a hard limit on how much the network generates, it is more a sanity check to ensure you don't try to do something silly like send 1 trillion PEEP in a transaction. It has nothing to do with money supply. In a nutshell (if I got it right) :
1. PoW will not stop at block 50000
2. PoW will not stop once 5.6 billion PEEP has been minted (in actual fact, 39.5 billion has already been minted, and mining still works...)So this means that the network isn't limited to minting only a few hundred million PEEP via PoW - the money supply will continue to grow indefinitely. Maybe there's hope after all? Need a hand please how to recover my wallet in this situation http://prntscr.com/cc6kv0Delete everything in your data folder except the wallet.dat and the .conf file. Re-load the blockchain and pray!! Thanks madmartyk.... |
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Digitalbitcoin
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August 31, 2016, 12:13:23 PM |
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When will get coins to wallet or its a shit coins just make people entertain.
Is here anybody got coins in wallet(Desktop).
Also where is listed on exchanger? what is price ?
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madmartyk
Legendary
Offline
Activity: 2674
Merit: 1030
Yes I am a pirate, 300 years too late!
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August 31, 2016, 12:17:37 PM |
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When will get coins to wallet or its a shit coins just make people entertain.
Is here anybody got coins in wallet(Desktop).
Also where is listed on exchanger? what is price ?
If you have a few hundred DOGE you can have your 1,000,000 peeps |
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notnormals
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August 31, 2016, 01:49:26 PM |
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I have hosting space that can be used, just need to get a new domain name. Shall we start the keep peep coin alive moment?  |
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bram_vnl
Legendary
Offline
Activity: 1148
Merit: 1000
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August 31, 2016, 05:43:36 PM |
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I have hosting space that can be used, just need to get a new domain name. Shall we start the keep peep coin alive moment? yes that is funny |
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cryptospreader
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August 31, 2016, 05:49:53 PM |
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I still haven't received my coins. Did anyone takeover this project? Did you talk with the dev about the take over? A takeover can make this coin go good.
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