Whats the deal with this so called "IndianCoin" ?

[apurvslam]

So this guy is announcing launch of IndianCoin in alternate crypto section. If it has anything to do with India  he should have at least mentioned it in our section... Whats happening here? its like CNC all over again..

https://bitcointalk.org/index.php?topic=200727.0

[1714916264]

1714916264

[Benson Samuel]

Man... That sucks..

But I don't think we had any serious plan in place to do this any earlier.

We need people here in India who can roll out an initiative everyday.

That is the only way to keep up with the pace. Else someone else from 'LA' is going to be doing it.

http://www.whois.com/whois/indiancoin.org

[apurvslam]

yes.. i m sure we will come up with a much more organised and useful coin in due time but this IndianCoin is just going to be pumped and dumped hard if it hits any exchange... so many altcoins propping up...geez!

[Benson Samuel]

yes.. i m sure we will come up with a much more organised and useful coin in due time but this IndianCoin is just going to be pumped and dumped hard if it hits any exchange... so many altcoins propping up...geez!

I like it a bit to be honest.

1 week prior notification. No blocks mined. Mid difficulty at start and then smooths out means no 'premining' for sometime.

[Stephen Gornick]

Else someone else from 'LA' is going to be doing it.

I resemble that statement!  

But you should be grateful it wasn't someone from India rolling out this IndianCoin alt coin, as later when asked you can give the assurance that it wasn't done by anyone from India and that there no Indians were being solicited as a result.

Now where opportunities lie may be with something like this:
 - http://www.youtube.com/watch?v=noW77GqmNBQ

That gives a way for a person without a smartphone or with technical skills to securely print a paper wallet at home.  That paper wallet can then be used to receive bitcoins from anyone with a smartphone, or from a Bitcoin ATM, for instance.

[apurvslam]

yes.. i m sure we will come up with a much more organised and useful coin in due time but this IndianCoin is just going to be pumped and dumped hard if it hits any exchange... so many altcoins propping up...geez!

I like it a bit to be honest.

1 week prior notification. No blocks mined. Mid difficulty at start and then smooths out means no 'premining' for sometime.

hmm..interesting... its just that he should have atleast mentioned it here in courtesy.

[apurvslam]

Else someone else from 'LA' is going to be doing it.

I resemble that statement!  

But you should be grateful it wasn't someone from India rolling out this IndianCoin alt coin, as later when asked you can give the assurance that it wasn't done by anyone from India and that there no Indians were being solicited as a result.

Now where opportunities lie may be with something like this:
 - http://www.youtube.com/watch?v=noW77GqmNBQ

That gives a way for a person without a smartphone or with technical skills to securely print a paper wallet at home.  That paper wallet can then be used to receive bitcoins from anyone with a smartphone, or from a Bitcoin ATM, for instance.

Thats one way to look at it!..

Neat printer btw...when will it be ready for shipping?

[Benson Samuel]

Else someone else from 'LA' is going to be doing it.

I resemble that statement!  

But you should be grateful it wasn't someone from India rolling out this IndianCoin alt coin, as later when asked you can give the assurance that it wasn't done by anyone from India and that there no Indians were being solicited as a result.

Now where opportunities lie may be with something like this:
 - http://www.youtube.com/watch?v=noW77GqmNBQ

That gives a way for a person without a smartphone or with technical skills to securely print a paper wallet at home.  That paper wallet can then be used to receive bitcoins from anyone with a smartphone, or from a Bitcoin ATM, for instance.

Are you the one behind this? That would be pretty cool :p

Buy yeah, thats quite true as well. The recent Defcad news has had me reading into publishing debatable code.

I had seen the card-board box video of the printer as well. It is very cool.

[rezurect]

Bullshitcoin at its best.

Coin has been released earlier because of working overtime to get it done. Please inform me if their is any issues thanks!!!
IndianCoin.zip (1.2 MB)
https://mega.co.nz/#!8dVSnTZQ!WA6t6wyNBXMso8F9IeXICX4kBIpibGaQd5nkyzBMX-o

Big update. The coin will be finished by next Friday which is the 17th.

wtf. announced release date 17th.
Use your brain when you scam. Don't make it obvious.

Still has /yac in the git directory,
Yac client unchanged, with yac blockchain,
Website is a clone of Novacoin,

Code:


{
"version" : "v0.4.0.0-g32a928e-beta",
"protocolversion" : 60005,
"walletversion" : 60000,
"balance" : 0.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 56490,
"moneysupply" : 2624018.35128100,
"connections" : 3,
"proxy" : "",
"ip" : "I.4M.4N.h4x0r",
"difficulty" : 6.35144948,
"testnet" : false,
"keypoololdest" : 1368358602,
"keypoolsize" : 104,
"paytxfee" : 0.00000000,
"errors" : ""
}

"ip" : "I.4M.4N.h4x0r",

You're just an "455.h013"

The guy is so lazy,  he'd forget to put a wallet stealer in his Walletstealer.exe

And finally to top it all, He edits his OP to:

LOL THIS WAS BIG TROLL. But seriously the actually finished copy of IndianCoin will be released on Friday the 17th

Trollcoin.

[Benson Samuel]

lol, i think last weeks flood of alt coins has killed the alt coin rush.

[18dew]

Ya Many alt coins came in and went over last weeks but only those who offer sustaining ecosystem would last rest all would be lost some where.

Like bitcoin / Litecoin has...
(i.e. Invest, buy , sell  etc )