✪ Virtual Coin. an ongoing/repeating scam since 2014? what's going on with the pre-mine??

[bumbacoin]

lolz
they've allocated 5k for the twitter bounties..

lmao

https://docs.google.com/spreadsheets/d/1eFV_Az87wZOne93O04F573Z7O61rL7s7DCsuAhY8IAE/edit#gid=0


..
this seems to be not in line with the previous promises of payouts

https://bitcointalk.org/index.php?topic=1756007.msg17578890#msg17578890

This is really a strange coin looking quite fishy.
Big premine
No known exchanges or plans for them
Dev locked the old thread and the new one is self moderated
I had two posts asking why there is 2nd relaunch and about roadmaps, but with were deleted by the dev,
It looks like the dev allows only positive comments and funnily they come mostly from newbie accounts 

Two offers for existing VirtualCoin users:


1. Offer, here is the reward (one time only).

100 VC per unique tweet regarding VirtualCoin.

Following conditions applies:
PM me your existing balance from 2014-end of 2016 with your OLD VC address for verification.
Max reward will be up to the old balance.
Offer expires 23rd Jan.

2. Offer, update bitcointalk forum signature to Virtual Coin
Example: "Virtual Coin Launch Feb 1st, 2017" (you can be creative)
250 VC
Offer expires 23rd Jan.

[1714689764]

1714689764

[1714689764]

1714689764

[1714689764]

1714689764

[1714689764]

1714689764

[1714689764]

1714689764

[1714689764]

1714689764

[bumbacoin]

Thanks .By the way, i saw what seems to be the blockchain explorer, around this thread, i don't know exactly where, but it looks like my address transaction is there

http://XX.XX.XX.XX:3001/

Will we be able to see the payments from mining there?

That is invalid. Best way to check your payment is leave your wallet sync with the network & confirm if you got your payment.

In regards to mining, if you do solo mine, check your wallet or allow sometime if using pool http://theminingpool.thruhere.net/

seems the block explorer is invalid ? i guess it's possible if they forked without telling anyone, but all the transactions listed in teh thread are visible ..

so why would the dev not want a block explorer ??

http://84.200.210.130:3001/richlist

[bitcoinrulzz]

BUMBACOIN IS A SCAMMER (Proof above)

[bumbacoin]

lolz.

<3 to you and all yr sockpuppets

[joblessminer]

BUMBACOIN IS A SCAMMER  (Proof above)

Thanks

[bumbacoin]

hmm. maybe i should add a list of obv sockpuppets to OP.

[joblessminer]

BUMBACOIN IS A SCAMMER  (Proof above)

Thanks

 

Bumbacoin stole our money & disable block explorer to hide,
u are scumbag. Give my BTC back.
[/centre]


 

[bumbacoin]

 

Bumbacoin stole our money & disable block explorer to hide,
u are scumbag. Give my BTC back.
[/centre]


 

please can you post more info?
i'd like to know how we did so,.

out of the hundreds of btc's we stoled by taking down the bumbacoin block explorer,
we need the info to determine which btc's were yours in particular.


thank you for your co-operation,


also pls don't forget to look at the un-official VC explorer to see the 387 million coin pre0mine.
especially if you're one of the lucky VC tweets who get a healthy 500 300 coins for so much effort !!

[bobitza202]

Dude, imagine saying in that topic "hey dev, i PM-ed everyone that participated in this topic the blockchain explorer address so they can see the transactions" i bet he would freak out like s#@t "  

[bumbacoin]

Dude, imagine saying in that topic "hey dev, i PM-ed everyone that participated in this topic the blockchain explorer address so they can see the transactions" i bet he would freak out like s#@t "  

heh i've pm'ed a few, seems most of the posters on thread are the dev/team so it seems pointless. lol


.
our bumbacoin explorer is back up,

now joblessminer can find all their stolen bitcoin on it.


meanwhile the 387 million coin pre-mine is still very visible on teh VC explorer.
http://84.200.210.130:3001/richlist
i wonder why the dev only spent 5k on twitter bounties ?


hmm, maybe to convince noobs that there really is no 387 million premine?
but why dont noobs look at the block explorer ? oh because there is no official explorer, and dev keeps deleting any mention of it on the thread.

.. oh that's right, VC will be valued at $100 usd each and be a top 5 currency soon. explains everything then.

[bumbacoin]

now listed,
https://www.coinexchange.io/market/VC/BTC

good news for dev, expect to see some carnage in the future ..

[bumbacoin]

please dont selete this post

i want an answer about this

http://84.200.210.130:3001/richlist

why 1 wallet already have 387,000,000 virtual coins

i am hard to mining this coins but already stock 387M virtual coins in 1 person

That is their for few reasons...
. Bounty
. Development
. Rewards
. Any time money is taken out from that account it is posted here with details.

Anytime bounty is paid for the VirtualCoin team efforts including myself it will be disclosed.
Once we meet our bounty list as mentioned all the remaining coins will be destroyed. Even if we do not meet all the bounties by the end of 6 months. Coins will be destroyed as well.

These coins will help us to remain in Top 5 once Marketcapital is calculated.

No these coins are not for sale or IPO, but for funding VirtualCoin development.

Hope this help.
Their will be and is full disclosure each time withdraw is made to whom & what purpose.

good to see, dev finally actually has admitted the pre=mine exists,
after numerous posts deleted, and years of ongoing ignoring.

for some reason.
all previous questions regarding the premine were considered as spam and fud,
and my questions elicited an attack from a couple of obvious dev sockpuppets.

still the problem exists that there is no official mention of it in the OP.
looking forward to total transparency.


heh.
of course my question still is why is the premine so confusingly created in teh code?

lol definite reward for the most unclear code ever !!

Code:

    int64 Vcoinr = 50; 
    if(Vcoinh >= 1 && Vcoinh < 1000) {
        if((Vcoinh >= 101 && dDiff > 75) || Vcoinh >= 1000) { 
 
            // 222000/(((x+2600)/9)^2)
//            Vcoinr = (222000.0 / (pow((dDiff+2600.0)/9.0,2.0)));
			Vcoinr = dDiff * .4356;
            if (Vcoinr == 25) Vcoinr = (1 + 250.00) - (Vcoinh / 4);
            if (Vcoinr == 5) Vcoinr =  250.00 - (Vcoinh / 4);
        }
		else { 
			Vcoinr = dDiff * .4426;
//            Vcoinr = (1112.0 / (pow((dDiff+51.0)/6.0,2.0)));
            if (Vcoinr == 500) Vcoinr = (5 + 250.00) - (Vcoinh / 4);
            if (Vcoinr == 25) Vcoinr =  250.00 - (Vcoinh / 4);
			if (Vcoinh > 10 && Vcoinh < 12) Vcoinr = pow (pzx,pzy);
			}

[bumbacoin]

the price from 0.0085 bitcoin then down to 0.000012 bitcoin very sad to see this condition maybe its need help from pumper or investor to make high price happen, around 0.01 btc to 0.1 btc is very high but hope it will happen, will buy it some with current price now hope to the moon in the near future

This is due to the fact that this exchange is very in volume. Allow some time, once we started get listed on popular exchanges value will be lot higher.

Believe in VirtualCoin, I myself have not sold even 1 VC yet, it has a lot of potential & growth.

Thanks,
Dev

the pre-mine is an obvious thing to see,
sockpuppets are not so obvious to prove,

the dev might not have sold any, but sockpuppets are allowed to sell?

[bumbacoin]

spent a few minutes looking at the explorer,
seems various bounties have not been paid yet (judging on amounts posted in thread)


namo
joblessminer
bitcoinrulzz

all are very vocal supporters, including attacking me
yet none of those have received any bounties yet ?
nor have they asked ?

also apple_talk has received no bounty,
there is one question from v.coinz asking for apple_talk address, so perhaps they are mining only?
apple_talk is most likely to not be a sockpuppet !!

[linenoise]

If you're using that wallet it's a few years out of date. Also the entire coin was converted a few years ago from Proof of Work to Proof of Stake with a very long conversion time.

With no pre-mines, ICO, or wacky code I'm not sure how you claim to have lost BTC.


 

[li.peng]

gettxoutsetinfo

{
"height" : 9523,
"bestblock" : "0000000000fbc0914e7e10751ba6ec6484a7083a450de7c0524d29960747770d",
"transactions" : 9374,
"txouts" : 16184,
"bytes_serialized" : 729877,
"hash_serialized" : "bf828c15d892811e440f0d3bc1f92304be0371369b2c41766e7b8699ed626395",
"total_amount" : 491290.70684192
}

ok, only 491k total supply coins mined to date.

387 mil no longer shows up in blockchain.

[bumbacoin]

100 Million Coins burned

http://theminingpool.thruhere.net:9010/tx/f251aa6066e5562373069c5971f942fc540b88e90cb84b1b9d3827059e4afb84

Input 387 million VC
Output 287 million VC + 1 VC

100 Million Burned

Date: 3/8/2017 12:35
To: gregofdoom VPpN8uAbY9XizSTLY7AWvA35A6AnFdRu8b
Debit: -1.00 VC
Transaction fee: -99999999.99999999 VC
Net amount: -100000000.99999999 VC
Transaction ID: c9cb0c3d49394b1f557e94985b672170d5aa0c7a7538d227690b8a026a2ec148

87 Million Burned

Date: 3/8/2017 12:38
To: valtin VL3id6YsfM6AYVeRGBdF29fJPXAGxprfUu
Debit: -1.00 VC
Transaction fee: -87300642.63643251 VC
Net amount: -87300643.63643251 VC
Transaction ID: ea55efe32d053253128402e1874dc0c61adab33c89d8671f7d10ebda603db914

100 million burned

Date: 3/8/2017 12:13
To: apple_talk VJ89GSirqkNVrRGJFzMyQ12iNmCBGoJPuU
Debit: -1.00 VC
Transaction fee: -99999999.99999999 VC
Net amount: -100000000.99999999 VC
Transaction ID: 0c5561f9202cbee5e4ee3bd6e9c1c3aa0f86e78648e3109f39ed141fa95bb3c3

Burning process started:

Date: 3/8/2017 09:42
To: apple_talk VJ89GSirqkNVrRGJFzMyQ12iNmCBGoJPuU
Debit: -1.00 VC
Transaction fee: -99999999.99999999 VC
Net amount: -100000000.99999999 VC
Transaction ID: f251aa6066e5562373069c5971f942fc540b88e90cb84b1b9d3827059e4afb84

[bumbacoin]

fees are burned,
so obviously setting the txfee as 100mill (or whatever) will destroy those coins ..


here is the premine transaction, prior to the "burning"
{
  "hex": "01000000011dc41f0fb965a4374a8f3a1246bb503407af4d61f3bb6ecb1ef059ff776986e201000 0006b48304502210094c1995733024f2e42c5fb540caa11ab830616b4980407a051b163b313ed4b 1b02200666397b39089ac63a36aa4eec44482c1139d7c43650e7acb19b555f3e28bc83012103e48 9397c15aa4d72107a48097b5a2ff111bc139415bdfa2ae16ef2078f1b0752ffffffff020010a5d4 e80000001976a9140c25db4cc35cf971d22afe0e3f75df8ad5785f6288ac71fcaba410a18900197 6a914eecaed063f3baedfbc2ecda542afc95b7eb1ab6388ac00000000",
 "txid": "e3b405db1391d9c5913ea71bde446d5841c9787c9b33869191914db79ccbcdb2",
 "version": 1,
  "locktime": 0,
  "vin": [
    {
      "txid": "e2866977ff59f01ecb6ebbf3614daf073450bb46123a8f4a37a465b90f1fc41d",
      "vout": 1,
      "scriptSig": {
        "asm": "304502210094c1995733024f2e42c5fb540caa11ab830616b4980407a051b163b313ed4b1b02200 666397b39089ac63a36aa4eec44482c1139d7c43650e7acb19b555f3e28bc8301 03e489397c15aa4d72107a48097b5a2ff111bc139415bdfa2ae16ef2078f1b0752",
        "hex": "48304502210094c1995733024f2e42c5fb540caa11ab830616b4980407a051b163b313ed4b1b022 00666397b39089ac63a36aa4eec44482c1139d7c43650e7acb19b555f3e28bc83012103e489397c 15aa4d72107a48097b5a2ff111bc139415bdfa2ae16ef2078f1b0752"
      },
      "sequence": 4294967295
    }
  ],
  "vout": [
    {
      "value": 10000,
      "n": 0,
      "scriptPubKey": {
        "asm": "OP_DUP OP_HASH160 0c25db4cc35cf971d22afe0e3f75df8ad5785f62 OP_EQUALVERIFY OP_CHECKSIG",
        "hex": "76a9140c25db4cc35cf971d22afe0e3f75df8ad5785f6288ac",
        "reqSigs": 1,
        "type": "pubkeyhash",
        "addresses": [
          "VBmTPEFqgbWcukqBa7P85z3M2ABcXsHX2x"
        ]
      }
    },
    {
     "value": 387391646.63643247,
     "n": 1,
      "scriptPubKey": {
        "asm": "OP_DUP OP_HASH160 eecaed063f3baedfbc2ecda542afc95b7eb1ab63 OP_EQUALVERIFY OP_CHECKSIG",
        "hex": "76a914eecaed063f3baedfbc2ecda542afc95b7eb1ab6388ac",
        "reqSigs": 1,
        "type": "pubkeyhash",
        "addresses": [
          "VYRqqo3VmixWsZCAKrQkZjJ62gf6sYaanS"
        ]
      }
    }
  ],
  "blockhash": "0000000002a5e758c5045debbdbf41531b9e0bc5e79e6df9903d7d93fdee0fdf",
  "confirmations": 2161,
  "time": 1488911208,
  "blocktime": 1488911208
}

the output value of interest is
     "value": 387391646.63643247,


then 1 coin is sent to VJ89GSirqkNVrRGJFzMyQ12iNmCBGoJPuU,
and the change is sent to VRYS6kBAXnsGi3pk3iVEBYRRvknbLSAPdm

 the change is only
287391645.63643247
so 100million coins did disappear in the transaction.

{
  "hex": "0100000001b2cdcb9cb74d91919186339b7c78c941586d44de1ba73e91c5d99113db05b4e301000 0006a47304402204f6c78ddee18711e6ce43413e313996a7da96f95899a6982b9e5e99582d583b4 022057a02b2bb754e6a3bc6df4405b90aa163cf22239f0f7d2c3c15dad784a1be39b012103304d1 5ad4f16a8445d0933bceaf4c08f30ec14a0c94d8fc2d632885d2c8ad2caffffffff02721bf52e1e 1a66001976a914a341235ae3da1c3447926656bf3fbc1cf52cb32a88ac00e1f505000000001976a 91451e039267f51ef38dd8c63af46ce23e7eb058a9888ac00000000",
  "txid": "f251aa6066e5562373069c5971f942fc540b88e90cb84b1b9d3827059e4afb84",
  "version": 1,
  "locktime": 0,
  "vin": [
    {
     "txid": "e3b405db1391d9c5913ea71bde446d5841c9787c9b33869191914db79ccbcdb2",
     "vout": 1,
      "scriptSig": {
        "asm": "304402204f6c78ddee18711e6ce43413e313996a7da96f95899a6982b9e5e99582d583b4022057a 02b2bb754e6a3bc6df4405b90aa163cf22239f0f7d2c3c15dad784a1be39b01 03304d15ad4f16a8445d0933bceaf4c08f30ec14a0c94d8fc2d632885d2c8ad2ca",
        "hex": "47304402204f6c78ddee18711e6ce43413e313996a7da96f95899a6982b9e5e99582d583b402205 7a02b2bb754e6a3bc6df4405b90aa163cf22239f0f7d2c3c15dad784a1be39b012103304d15ad4f 16a8445d0933bceaf4c08f30ec14a0c94d8fc2d632885d2c8ad2ca"
      },
      "sequence": 4294967295
    }
  ],
  "vout": [
    {
     "value": 287391645.63643247,
     "n": 0,
      "scriptPubKey": {
        "asm": "OP_DUP OP_HASH160 a341235ae3da1c3447926656bf3fbc1cf52cb32a OP_EQUALVERIFY OP_CHECKSIG",
        "hex": "76a914a341235ae3da1c3447926656bf3fbc1cf52cb32a88ac",
        "reqSigs": 1,
        "type": "pubkeyhash",
        "addresses": [
          "VRYS6kBAXnsGi3pk3iVEBYRRvknbLSAPdm"
        ]
      }
    },
    {
     "value": 1,
     "n": 1,
      "scriptPubKey": {
        "asm": "OP_DUP OP_HASH160 51e039267f51ef38dd8c63af46ce23e7eb058a98 OP_EQUALVERIFY OP_CHECKSIG",
        "hex": "76a91451e039267f51ef38dd8c63af46ce23e7eb058a9888ac",
        "reqSigs": 1,
        "type": "pubkeyhash",
        "addresses": [
          "VJ89GSirqkNVrRGJFzMyQ12iNmCBGoJPuU"
        ]
      }
    }
  ],
  "blockhash": "0000000000b74179d2c144292daa2033bd22bb8a1b6d1956b718f16ab3a7d507",
  "confirmations": 1879,
  "time": 1488995319,
  "blocktime": 1488995319
}

[bumbacoin]

87 Million Burned

Date: 3/8/2017 12:38
To: valtin VL3id6YsfM6AYVeRGBdF29fJPXAGxprfUu
Debit: -1.00 VC
Transaction fee: -87300642.63643251 VC
Net amount: -87300643.63643251 VC
Transaction ID: ea55efe32d053253128402e1874dc0c61adab33c89d8671f7d10ebda603db914

{
  "hex": "010000000148c12e6a028a0b6927d238757a0caad57021675b98947e551f4b39493d0ccbc900000 0006c493046022100a0e7d1220305e7ad4edfd9cf93db1888a88f5a4edf47cfb148f78c522bdb53 c10221009bcc7d09421a8180dffe1ba49ebc64bb7085f38660f78b054f5efb74bfce87780121031 758a29c019d53ea96ef1a5244f965cca6df265403f2b84a7f2c4f346ba8a781ffffffff02017844 c2460800001976a91447e99ada6eb46968aefb6212b977ae3a7e63a7b588ac00e1f505000000001 976a91466fa3d3f723f9882170af7f3ccaca93a836f672b88ac00000000",
  "txid": "ea55efe32d053253128402e1874dc0c61adab33c89d8671f7d10ebda603db914",
  "version": 1,
  "locktime": 0,
  "vin": [
    {
      "txid": "c9cb0c3d49394b1f557e94985b672170d5aa0c7a7538d227690b8a026a2ec148",
      "vout": 0,
      "scriptSig": {
        "asm": "3046022100a0e7d1220305e7ad4edfd9cf93db1888a88f5a4edf47cfb148f78c522bdb53c102210 09bcc7d09421a8180dffe1ba49ebc64bb7085f38660f78b054f5efb74bfce877801 031758a29c019d53ea96ef1a5244f965cca6df265403f2b84a7f2c4f346ba8a781",
        "hex": "493046022100a0e7d1220305e7ad4edfd9cf93db1888a88f5a4edf47cfb148f78c522bdb53c1022 1009bcc7d09421a8180dffe1ba49ebc64bb7085f38660f78b054f5efb74bfce87780121031758a2 9c019d53ea96ef1a5244f965cca6df265403f2b84a7f2c4f346ba8a781"
      },
      "sequence": 4294967295
    }
  ],
  "vout": [
    {
      "value": 91000.00000001,
      "n": 0,
      "scriptPubKey": {
        "asm": "OP_DUP OP_HASH160 47e99ada6eb46968aefb6212b977ae3a7e63a7b5 OP_EQUALVERIFY OP_CHECKSIG",
        "hex": "76a91447e99ada6eb46968aefb6212b977ae3a7e63a7b588ac",
        "reqSigs": 1,
        "type": "pubkeyhash",
        "addresses": [
          "VHDTkNgNFi6LVpfbjasgSGiSpjEeKKR1qE"
        ]
      }
    },
    {
      "value": 1,
      "n": 1,
      "scriptPubKey": {
        "asm": "OP_DUP OP_HASH160 66fa3d3f723f9882170af7f3ccaca93a836f672b OP_EQUALVERIFY OP_CHECKSIG",
        "hex": "76a91466fa3d3f723f9882170af7f3ccaca93a836f672b88ac",
        "reqSigs": 1,
        "type": "pubkeyhash",
        "addresses": [
          "VL3id6YsfM6AYVeRGBdF29fJPXAGxprfUu"
        ]
      }
    }
  ],
  "blockhash": "00000000007d601dfd59ffd96a51f6e7f0e542bc9fb1a534106671ad063029a5",
  "confirmations": 1856,
  "time": 1489005531,
  "blocktime": 1489005531
}



so only 91000 left out of the 387420489.00000000 premine,
great work

http://84.200.210.130:3001/richlist

-
i've always said there's nothing necessarily wrong with a pre-mine, only how it's dealt with.
a 387million coin premine was a tad extreme when only about 50k has been distributed.

having that amount of coins lurking in the dev fund was always going to raise issues.

[HatZpApA]

Cap is back at about <20 BTC, RANK 300+ , and they had in the last days a 70 000 000 $ market cap
How does this sound ? And how can this be explain ?