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Author Topic: [ANN][PWC: PREMINE ALERT][Proof inside]Powercoin was PREMINED for 56.000 coins  (Read 3248 times)
Hydroponica
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May 14, 2013, 01:50:53 AM
 #21


//edit
This just in: NWO plans to sue me for uncovering his uncomfortable truth
Quote
Stop getting so defensive. I have everything documented and it is going to the law firm this afternoon. You rattled the wrong hornets nest.

You threaten to deface a brand by extorting me yet now try and make out you are not doing that. I'm collecting your IP and email from admin as we speak.


Bwhaha how old is this guy?

He must be american. A Brand is not A brand, unless it is trademarked, for starters. And even if that was the case, he copied someone else's code, made a couple changes, and claimed it as his own Roll Eyes

We are looking to trademark PowerCoin and bring it to the wider community. The code is open source... No further explanation required.

From the top of my head. Bitcoin was instamined, Novacoin was raped by premine, ChinaCoin had 2200 blocks mined before anyone here touched it, yac was found to heavily favour Linux users and was instamined... Must I got on. These coins are still on exchanges and are being traded as we speak. THIS IS NO REVELATION.

The 'premine' is VERY insignificant if you actually saw how spread out the amount was as it was used for payment on the coin itself, website, wiki, BOUNTIES. A lot of that is going into the generation of bounties to further grow PowerCoin as a viable currency alternative.

OP is blowing steam out of his **** with the Linux accusation, the development team solely focused on a Windows client (the majority).

As for the etiquette of the OP. He threatened to extort me for PWC (ironic isn't it) to not expose his findings. In other words I am taking this very seriously. Screenshots are being compiled as we speak.

In regards to the BTER (epic fail) that was a huge miscommunication/ lie from a Chinese national who thought he was admin...

Dude, it's over. Noone wants to mine your coin, noone wants to buy your coin....Let it go

There are 2 pools and one Google Docs Exchange thread so people obviously do want to.
Go troll somewhere else.

ZOMG, 2 whole pools? well then, I stand corrected Roll Eyes

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May 14, 2013, 01:52:27 AM
 #22

Ha ha ha,
Oh poor boy. You call 56K coin premine something sensational? Newsflash: EVERY coin has some form of pre/instamine. 56K is NOTHING in comparison to Bitbar, Mincoin, PPC, Novacoi, Feathercoin, CNC, BTC, Litecoin etc.

Sure it shouldn't happen but a 56k coin premine is hardly sensational by any means.
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May 14, 2013, 01:53:02 AM
 #23

1) The only person involved in immoral behavior here is the OP who tried to extort NWO: give me money or I will make your coin look bad. This is not only immoral, but illegal, it's a crime known as blackmail or extortion.

2) Even if there was a minuscule premine (which I doubt), but even if the OP was right, 55000 coins out of 100 million, it's a drop in the Ocean that NWO keeps giving in bounties and giveaways. A complete non-issue.

3) The BTER fiasco was my fault as I admitted before. I was in contact with some guy from Shanghai, China, who supposedly is in the BTER team and he said "Yeah, sure we will add it!" when I explained the Powercoin project to him.

So just taking some random guys word for it is your defense?  How come you guys didn't go through the official email admin@bter.com to verify? Also, it was stated there was no pre-mine, now you guys are admitting there was, but since it was a "minuscule premine", hey that's ok, it was just a fib. Smells like a giant scam to get people to buy into your launch and now you guys are coming up with weak excuses to try and keep it going for a bit longer.

BTC:   18jdvLeM6r943eUY4DEC5B9cQZPuDyg4Zn     LTC:   LeBh9akQ3RwxwpUU6pJQ9YGs9PrC1Zc9BK
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May 14, 2013, 01:53:30 AM
 #24

lol ignore praxis, what a joke.

I was on this coin by minute 3 and there were 2400 blocks found already. that's not normal. That's a premine. Look at the proof ffs in OP, any one of us could have done that and laughed as we went back to topic list. Trusting premined coins "for the good of the coin" from a Jr. Member with no escrow for bounties, contests, etc is ignorance at best especially when the original post said no premine (which is lie #2). There is nothing to hold the pre-miner to these claims. For record there still aren't bounties on the release page.

This thread is justice and I love it.


NWO: "wah". ignore him.
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May 14, 2013, 01:55:50 AM
 #25

Most people new powercoin was worthless, after the first day of mining

? The alt-coin pump'n'dump fad was over before the coin was launched.
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May 14, 2013, 01:57:13 AM
 #26

Here's one of the pools, dusted it off one the third page.

http://pwc.hackshardgaming.net/

66 workers, WOW!!!

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May 14, 2013, 01:57:36 AM
 #27

Ha ha ha,
Oh poor boy. You call 56K coin premine something sensational? Newsflash: EVERY coin has some form of pre/instamine. 56K is NOTHING in comparison to Bitbar, Mincoin, PPC, Novacoi, Feathercoin, CNC, BTC, Litecoin etc.

Sure it shouldn't happen but a 56k coin premine is hardly sensational by any means.

Your hero title should be stripped. Litecoin came with 2 blocks pre-mined for a total of 150 LTC. I won't even go into the others.

pls go
NWO
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May 14, 2013, 01:59:38 AM
 #28

Ha ha ha,
Oh poor boy. You call 56K coin premine something sensational? Newsflash: EVERY coin has some form of pre/instamine. 56K is NOTHING in comparison to Bitbar, Mincoin, PPC, Novacoi, Feathercoin, CNC, BTC, Litecoin etc.

Sure it shouldn't happen but a 56k coin premine is hardly sensational by any means.

Exactly, ALL COINS have some form of premined. These coins are going into projects to further push PowerCoin forward by paying out bounties, websites, wikis. This is not free. Labour is not free.

Whoever is ignorant enough to believe OP is clearly a troll or new to cryptocurrencies. This is no revelation. Compared to other coins, it is minuscule. I bet you all support those 'other' premined coins. Really subjective of you Boxman90, well done. Yet you fail to mention every other coin.  
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May 14, 2013, 02:00:16 AM
 #29

Here's one of the pools, dusted it off one the third page.

http://pwc.hackshardgaming.net/

66 workers, WOW!!!

I'll not even reply to your childish trolling. Ignored  Cheesy
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May 14, 2013, 02:01:47 AM
 #30

Here's one of the pools, dusted it off one the third page.

http://pwc.hackshardgaming.net/

66 workers, WOW!!!

I'll not even reply to your childish trolling. Ignored  Cheesy

lol, and that google docs spreadsheet, with 8 sellers, and 0 buyers? What a joke coin. Weather he lied about BTer, or he was misinformed, he shouldn't have posted, without %100 confirmation. That was the death of his coin.

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May 14, 2013, 02:02:28 AM
 #31

Ha ha ha,
Oh poor boy. You call 56K coin premine something sensational? Newsflash: EVERY coin has some form of pre/instamine. 56K is NOTHING in comparison to Bitbar, Mincoin, PPC, Novacoi, Feathercoin, CNC, BTC, Litecoin etc.

Sure it shouldn't happen but a 56k coin premine is hardly sensational by any means.

Exactly, ALL COINS have some form of premined. These coins are going into projects to further push PowerCoin forward by paying out bounties, websites, wikis. This is not free. Labour is not free.

Whoever is ignorant enough to believe OP is clearly a troll or new to cryptocurrencies. This is no revelation. Compared to other coins, it is minuscule. I bet you all support those 'other' premined coins. Really subjective of you Boxman90, well done. Yet you fail to mention every other coin.  

Seriously? 56k coins pre-mined is coo with you?

Any forks besides LTC shouldn't even be mentioned since they're closer to scamcoins than anything else. PWC brought no innovation to cryptocurrencies and with 2k blocks pre-mined is a slap in the fuking face.

As far as I'm concerned, any supporters to your coin in this thread are from the same IP.
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May 14, 2013, 02:02:44 AM
 #32

Whether or not the OP tried to extort you doesn't change the fact that you premined the first 2000 blocks.  Time to add powercoin to the growing list of alt coins that die within their first 2 weeks.
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May 14, 2013, 02:04:12 AM
 #33

Boxman90 clearly isn't happy that I didn't fall for his extortion attempt otherwise he would have listed ALL of the altcoins which have been premined or instamined. Yet he targets PWC because I will not subdue to such a criminal, who knows how many altcoin creators he has extorted in return to not deface their coins. I think this is a serious issue which will be presented to the appropriate parties.

PROOF!


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May 14, 2013, 02:04:16 AM
 #34

Whether or not the OP tried to extort you doesn't change the fact that you premined the first 2000 blocks.  Time to add powercoin to the growing list of alt coins that die within their first 2 weeks.

2 days....

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May 14, 2013, 02:05:29 AM
 #35

Ha ha ha,
Oh poor boy. You call 56K coin premine something sensational? Newsflash: EVERY coin has some form of pre/instamine. 56K is NOTHING in comparison to Bitbar, Mincoin, PPC, Novacoi, Feathercoin, CNC, BTC, Litecoin etc.

Sure it shouldn't happen but a 56k coin premine is hardly sensational by any means.

Exactly, ALL COINS have some form of premined. These coins are going into projects to further push PowerCoin forward by paying out bounties, websites, wikis. This is not free. Labour is not free.

Whoever is ignorant enough to believe OP is clearly a troll or new to cryptocurrencies. This is no revelation. Compared to other coins, it is minuscule. I bet you all support those 'other' premined coins. Really subjective of you Boxman90, well done. Yet you fail to mention every other coin.  

Seriously? 56k coins pre-mined is coo with you?

Any forks besides LTC shouldn't even be mentioned since they're closer to scamcoins than anything else. PWC brought no innovation to cryptocurrencies and with 2k blocks pre-mined is a slap in the fuking face.

As far as I'm concerned, any supporters to your coin in this thread are from the same IP.

Yet those supporters are valued members of the community who know what is right from wrong. Have some respect.
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May 14, 2013, 02:05:54 AM
 #36

Boxman90 clearly isn't happy that I didn't fall for his extortion attempt otherwise he would have listed ALL of the altcoins which have been premined or instamined. Yet he targets PWC because I will not subdue to such a criminal, who knows how many altcoin creators he has extorted in return to not deface their coins. I think this is a serious issue which will be presented to the appropriate parties.

PROOF!




He asked for PWC which is essentially worth nothing, so, how is it extortion? He asked you to give him nothing lol

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May 14, 2013, 02:06:53 AM
 #37

Ha ha ha,
Oh poor boy. You call 56K coin premine something sensational? Newsflash: EVERY coin has some form of pre/instamine. 56K is NOTHING in comparison to Bitbar, Mincoin, PPC, Novacoi, Feathercoin, CNC, BTC, Litecoin etc.

Sure it shouldn't happen but a 56k coin premine is hardly sensational by any means.

Exactly, ALL COINS have some form of premined. These coins are going into projects to further push PowerCoin forward by paying out bounties, websites, wikis. This is not free. Labour is not free.

Whoever is ignorant enough to believe OP is clearly a troll or new to cryptocurrencies. This is no revelation. Compared to other coins, it is minuscule. I bet you all support those 'other' premined coins. Really subjective of you Boxman90, well done. Yet you fail to mention every other coin.  

Seriously? 56k coins pre-mined is coo with you?

Any forks besides LTC shouldn't even be mentioned since they're closer to scamcoins than anything else. PWC brought no innovation to cryptocurrencies and with 2k blocks pre-mined is a slap in the fuking face.

As far as I'm concerned, any supporters to your coin in this thread are from the same IP.

Yet those supporters are valued members of the community who know what is right from wrong. Have some respect.

I've only counted 1 supporter

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May 14, 2013, 02:09:09 AM
 #38

Ha ha ha,
Oh poor boy. You call 56K coin premine something sensational? Newsflash: EVERY coin has some form of pre/instamine. 56K is NOTHING in comparison to Bitbar, Mincoin, PPC, Novacoi, Feathercoin, CNC, BTC, Litecoin etc.

Sure it shouldn't happen but a 56k coin premine is hardly sensational by any means.

Exactly, ALL COINS have some form of premined. These coins are going into projects to further push PowerCoin forward by paying out bounties, websites, wikis. This is not free. Labour is not free.

Whoever is ignorant enough to believe OP is clearly a troll or new to cryptocurrencies. This is no revelation. Compared to other coins, it is minuscule. I bet you all support those 'other' premined coins. Really subjective of you Boxman90, well done. Yet you fail to mention every other coin.  

Seriously? 56k coins pre-mined is coo with you?

Any forks besides LTC shouldn't even be mentioned since they're closer to scamcoins than anything else. PWC brought no innovation to cryptocurrencies and with 2k blocks pre-mined is a slap in the fuking face.

As far as I'm concerned, any supporters to your coin in this thread are from the same IP.

Yet those supporters are valued members of the community who know what is right from wrong. Have some respect.

There is no respect given for stealing work without providing some sort of innovation. Your point is moot and your coin should be a banned acronym on this board.
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May 14, 2013, 02:40:40 AM
 #39

1) The only person involved in immoral behavior here is the OP who tried to extort NWO: give me money or I will make your coin look bad. This is not only immoral, but illegal, it's a crime known as blackmail or extortion.

2) Even if there was a minuscule premine (which I doubt), but even if the OP was right, 55000 coins out of 100 million, it's a drop in the Ocean that NWO keeps giving in bounties and giveaways. A complete non-issue.

3) The BTER fiasco was my fault as I admitted before. I was in contact with some guy from Shanghai, China, who supposedly is in the BTER team and he said "Yeah, sure we will add it!" when I explained the Powercoin project to him.

So just taking some random guys word for it is your defense?  How come you guys didn't go through the official email admin@bter.com to verify? Also, it was stated there was no pre-mine, now you guys are admitting there was, but since it was a "minuscule premine", hey that's ok, it was just a fib. Smells like a giant scam to get people to buy into your launch and now you guys are coming up with weak excuses to try and keep it going for a bit longer.

Praxis was first one to post after OP in that thread so you count 2 and 2 mate Wink

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May 14, 2013, 02:51:01 AM
 #40

1) The only person involved in immoral behavior here is the OP who tried to extort NWO: give me money or I will make your coin look bad. This is not only immoral, but illegal, it's a crime known as blackmail or extortion.

2) Even if there was a minuscule premine (which I doubt), but even if the OP was right, 55000 coins out of 100 million, it's a drop in the Ocean that NWO keeps giving in bounties and giveaways. A complete non-issue.

3) The BTER fiasco was my fault as I admitted before. I was in contact with some guy from Shanghai, China, who supposedly is in the BTER team and he said "Yeah, sure we will add it!" when I explained the Powercoin project to him.

So just taking some random guys word for it is your defense?  How come you guys didn't go through the official email admin@bter.com to verify? Also, it was stated there was no pre-mine, now you guys are admitting there was, but since it was a "minuscule premine", hey that's ok, it was just a fib. Smells like a giant scam to get people to buy into your launch and now you guys are coming up with weak excuses to try and keep it going for a bit longer.

Praxis was first one to post after OP in that thread so you count 2 and 2 mate Wink

I think praxis is NWO.
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