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Author Topic: Jack liao and his "Anonymous" friend h4x3rotab being billionaires over nights  (Read 1063 times)
GetRichQuicker
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October 23, 2017, 08:59:10 PM
 #1

By modifying some of bitcoin source code ... that's hell of a way to get rich quick! thought China gov just banned such kind of ICO or pre-mined scam, guess not true.

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Bitcoin Gold codebase also contains a private premine of 8,000 blocks (100,000 BTG) up to 210,000 BTG (1% of total supply). Please be aware that if a market does open there is a possibility of the developers selling their premined BTG on the open market.


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With so many coins being premined by the developer, there is a legitimate chance the BTG supply will be dumped onto exchanges, assuming this token ever gets on an exchange to begin with.

https://mobile.twitter.com/bitcoingold/status/920724127996104704
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Thanks the community for the free lambo money. Your sincerely.
https://i2.wp.com/btcgpu.rapiddevcrew.com/wp-content/uploads/2017/10/jack.jpg?w=1080
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Hyperme.sh
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October 24, 2017, 07:09:00 AM
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Might there be powerful entities behind the curtain who want a forkathon and are pushing these various forks?

We will all grow weary of the forkathon and then we will grow weary of the insecurity of Core SegWit and then we will beg for the security and immutability of the original Satoshi Bitcoin:

https://bitcointalk.org/index.php?topic=2268216.msg23422490#msg23422490
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October 24, 2017, 08:24:21 AM
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By modifying some of bitcoin source code ... that's hell of a way to get rich quick! thought China gov just banned such kind of ICO or pre-mined scam, guess not true.
a lot of countries banned ICOs not just China, but I have never heard them banning any pre-mine shitcoin.
also it is worth mentioning people have been "modifying" bitcoin source code to create shitcoins for years. this it not new!

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Bitcoin Gold codebase also contains a private premine of 8,000 blocks (100,000 BTG) up to 210,000 BTG (1% of total supply). Please be aware that if a market does open there is a possibility of the developers selling their premined BTG on the open market.
last time I checked the code it was 16,000 blocks which is 200,000 BTG (16000 * 12.5 = 200000).
also last time I checked their project they were implementing some sort of lock_time mechanism to prevent selling of the premined coins programmatically.


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With so many coins being premined by the developer, there is a legitimate chance the BTG supply will be dumped onto exchanges, assuming this token ever gets on an exchange to begin with.
if the lock_time is implemented there is no way for them to dump the premined coins as fast.
besides you have to be worried about 16.6+ million coins that other millions of bitcoin holders receive and dump not what the dev may or may not dump!

p.s. I find it interesting that many people care about BTG's premine but not ETH's premine (it was 72 million coins last time I checked) and there is no difference, they are both shitcoins created by their devs to get rich quick. both are full of bugs and don't do anything meaningful for cryptocurrencies, they just have a "cool idea" and that's about it.

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October 24, 2017, 08:27:35 AM
 #4

... forkathon ...

 I didn't know that word. But it is perfectly convenient to the current situation Wink
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October 24, 2017, 08:59:24 AM
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#EasyMoney indeed. And also that h4x3rotab is really suspicious. let's just all dump our BTG and let this guy live on the dark , thought he could just get to be a billionaire over night, but.... it may happen since bitcoin community has a weak hodler and also a weak trader, some of them may buy BTG and make a cult( just like BCC) and name BTG as the real Bitcoin.

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October 24, 2017, 11:53:42 AM
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a lot of countries banned ICOs not just China, but I have never heard them banning any pre-mine shitcoin.

I have been doing some token issuance legality analysis since 2015 and more intensely recently, and basically a premine is issuance of an illegal security (at least in the USA, but the same rationale is likely to apply in many nations) unless it fails one or more of the prongs of the Howey test:

Also they premined some tokens for themselves, thus it is not a pure airdrop. It is thus illegal securities issuance when they sell these tokens unless they can argue their ongoing efforts are no longer relevant to anyone’s profit expectation. And if there are no ongoing efforts, then what does that coin offer of any significance?

Btw, I also think Ethereum’s pre-functional token issuance was likely a security, but regulators are more likely to pursue easier cases to enforce and which include fraud. There are much larger fish to fry now such as EOS’ $300+ miillion “useless token” sale.

But in EOS’ case we should empathize because:

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