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Author Topic: CHNCoin - A social experiment?  (Read 2164 times)
willhash4food
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May 02, 2013, 07:23:48 AM
 #21

I'm gonna make a new coin tomorrow..
Ideas on name?

Ya. NEWCoin. There you go. Thank me later.

They see me minin'... they hatin'...
hlhott
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May 02, 2013, 07:25:21 AM
 #22

I imagine the person who released this coin is sitting back and laughing his ass off at all the lemming who jumps at the chance to mine a coin with zero information at all.  Why go through an effort to pump a coin up yourself,  if all you have to do is release one and let other people waste their time doing it for you and then reap the benefit yourself.

Lets looks at some facts about this CHNCoin.

The member who release the coin created the account the day before and has only  7 post.  5 post to get out of the Newbie area.  1 Post in the Chinese forum area 4hrs before another post in the Alt Crypto Forum.  During which over 1000 blocks had been mined already.

Does it offer anything innovative over litecoin?  Nope.

Do we know who even made the coin? Nope, there has been no information on the developer at all.  The fact that the Linux version wasn't compile correct shows just how much effort they put into making the coin.

If this is what happens every time a new coin is released then I feel that the crypto-currencies as a whole are bound the fail.

ha,,,,,,,,,ya....
spirale
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May 02, 2013, 07:39:03 AM
 #23

I'm gonna make a new coin tomorrow..
Ideas on name?

Pump'n'dump coin, PDC
hdclover
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May 02, 2013, 08:29:43 AM
 #24

i like the ideas of 88 per block lol

Blah blah
digicoin
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May 02, 2013, 08:38:48 AM
 #25

Fucking ChinaCoin or VirusCoin. FeatherCoin is a joke. However copying FeatherCoin makes a bad joke
justabitoftime
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May 02, 2013, 11:52:41 AM
 #26

Fucking ChinaCoin or VirusCoin. FeatherCoin is a joke. However copying FeatherCoin makes a bad joke

The only joke is so much talent wasted on this board on high school nonsense.  I would hope that most of you would like to see your particular coin gains more public adoption.  Posts like 'virus coin', 'f-this', 'scam that' reminds the public these coins are still very nerd-angry centric.  I have no clue about the creation of Chinacoin, that didn't stop me from suggesting to those that were interested how to get things moving. Too many people are sitting in a sushi restaurant yelling 'fish is a joke!!'.

As always, do what you want. Happy trading and have a great day.

markm
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May 02, 2013, 12:00:19 PM
 #27

Scam scam scam scam
Scam scam scam scam
Lovely scam, wonderful scam!

I'll have scam scam scam bacon egg and scam without the scam, please!

Can I have scam scam scam scam rat and scam with a little less rat in it, please?

Etc.

(Consult Monty Python for further details.)

-MarkM-

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FuzzyBear
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May 02, 2013, 12:02:02 PM
 #28

I'm gonna make a new coin tomorrow..
Ideas on name?
Obesitycoin

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Francesco
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May 02, 2013, 12:04:24 PM
 #29

All this reminds me the good old times on GLBSE. Where people were somehow eager to put big money on assets sprouting daily from totally anonymous guys, with as much as information as "just give me your money and I'll make you rich"... oh, the nostalgia.

Now it's the same, just with coins.
mhps
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May 02, 2013, 12:29:43 PM
 #30

Lets looks at some facts about this CHNCoin.

The member who release the coin created the account the day before and has only  7 post.  5 post to get out of the Newbie area. 

Not true. The member who released the coin chatted with other members on the Chinese board https://bitcointalk.org/index.php?topic=192115.0  S/He even gave a begger 888 coins, showing some human side.

Quote
1 Post in the Chinese forum area 4hrs before another post in the Alt Crypto Forum.  During which over 1000 blocks had been mined already.
Not exactly and there is more to it. Another member pointed out ( https://bitcointalk.org/index.php?topic=192115.msg1992635#msg1992635 ) several hours after release there were 14,000 blocks already. At one block released per minute, it would have taken 9 days to mine that many blocks.
This post https://bitcointalk.org/index.php?topic=192768.0 reports that the CNC client has a bug in it such that it releases a block every second! Explaining the high number of blocks generated and high number of invalid finds from solo miners.




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jonytk
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May 02, 2013, 12:50:37 PM
 #31

next thing you know is there's a virus that steals your mtgox account in a coin-client...
 nothing surprises me lately, after seeing this madness.
this releases only benefit the miners with huge mining rigs ,
normal people cannot and will not benefit,
until a fair release mode of coins is invented
they will just be leaving their $ for another pump-and-dump-my-infinite-amount-of-coins-scam...

tantk
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May 02, 2013, 05:11:36 PM
 #32

china coin dev seems very inactive as compared to the ftc one...

but satoshi did the same thing isnt it?
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