[PSA] MemoryCoin 2.0 Dev abandons coin

[tbkmcjl]

I sent .00000001 to the address  MVTEceo3RoiqBhfqjVovtyMAVUJLoHiGTg  (CEO)    days ago.

my address is MFsEpEcBu1U5SQ24vigzL6YWqCSJUwaVE8

[Newmine]

I sent .00000001 to the address  MVTEceo3RoiqBhfqjVovtyMAVUJLoHiGTg  (CEO)    days ago.

my address is MFsEpEcBu1U5SQ24vigzL6YWqCSJUwaVE8

Thank you for your support. Unfortuantely we are not close to winning the CEO position yet. Vote for the other addresses too! We are very close to getting the CNO back. We held it for 2 elections (40blocks).

[phrozenspite]

lol looks like you have your first major backlash. https://bitsharestalk.org/index.php?topic=2047.0
some idiot is calling for blacklisting you and all of your supporters.  Real great way to support the voting aspect of a coin

[MegaFarmer]

lol looks like you have your first major backlash. https://bitsharestalk.org/index.php?topic=2047.0
some idiot is calling for blacklisting you and all of your supporters.  Real great way to support the voting aspect of a coin

Looks like this idiot MaxPWR has created 2 accounts for getting elected: CEO and CHA.
So if people vote for him they either kick FreeTrade from his highly profitable CEO throne or let MaxPWR steal from charity.
So who would you rather support: NewMine of MaxPWR?

[IsaacGoldbourne]

Dude, the vote is weighted to how much MMC you have in your wallet.  Someones vote who has 10,000 MMC's in their wallet will have 10x the voting power as someone with 1000( not necessarily the ratio used, just an example).  Since these guys have been holding office for a couple weeks and gaining upwards of 500mmc per day, it's sufficient to say some of them have over 8k in MMC when your average miner in a pool might be lucky to have a couple hundred.
 
This is not decentralized. There is a possibility for these guys to gain so much control that it would take a massive coordinated campaign to remove them from office.

If each address/wallet with at least 1 MMC got one equal vote and the number of MMC beyond 1 had no weight, along with maybe a 2 coin payout per 20 blocks I would be okay with it. But 53 coins every 20 blocks is just a faucet for a selected few while diluting miners worth at the same time.

Here is wiki's definition of decentralization: Decentralization (or decentralisation) is the process of redistributing or dispersing functions, powers, people or things away from a central location or authority.

Redistributing is what I want to do.

Send a Satoshi to this address MVTEceo3RoiqBhfqjVovtyMAVUJLoHiGTg
Or
Vote for these spoil addresses if you don't trust or want me to redistribute the coins, please!

MVTEceo1111111111111111111111TvNrt
MVTEcha11111111111111111111116GDGs
MVTEcmo1111111111111111111115e9dK3
MVTEcto1111111111111111111119owJby
MVTEcno222222222222222222222B1FB3W
MVTEcso555555555555555555555G6uEbs

53 coins going to each officer every 20 blocks is absurd.

I don't think you understand how it works, if it was on a per vote basis I could set up a script which separates my 6000 coins to 6000 addresses and vote myself in very easily

[duuuuude]

EVeryone of you should feel stupid, all you would have to do is look at Memory Coin 1 and you would see the only thing FREETRADE wanted was free cash, a soon as the vote system didnt work for him, he crashed the original coin and had it taken of exchanges.  What makes you think this will be any differant, as soon as he is voted out, he will cash out(mm2 already made hime rich) then just crash a new coin.

if you dont believe me just read the original memory coin thread, its all there.  your best plan is to cash out and invest your energies into something real, and before you ask, no i dont have any pts/mm2 .



j

[Newmine]

EVeryone of you should feel stupid, all you would have to do is look at Memory Coin 1 and you would see the only thing FREETRADE wanted was free cash, a soon as the vote system didnt work for him, he crashed the original coin and had it taken of exchanges.  What makes you think this will be any differant, as soon as he is voted out, he will cash out(mm2 already made hime rich) then just crash a new coin.

if you dont believe me just read the original memory coin thread, its all there.  your best plan is to cash out and invest your energies into something real, and before you ask, no i dont have any pts/mm2 .



j

I wish I would have seen this earlier.

[Armchair Miner]

Ok I spent 5 minutes and found this on page 38 of the original MMC thread, is that what you had in mind? Quoting:

"""
B.T.Coin
Sr. Member
****


Activity: 208




View Profile  Personal Message (Offline)
Trust: 0: -0 / +0(0)
Ignore
   
Re: [ANN] MemoryCoin | R.I.P.
September 14, 2013, 03:17:46 PM
 #755
Quote from: eule on September 14, 2013, 10:22:12 AM
Can I get a TL;DR of this thread? I only followed Memcoin a bit in the beginning and reading the last two pages now makes it look like this:
Hey look, cool coin where YOU can vote who wins the jackpot! Vote for me and I'll continue developing. What, you want to win the jackot yourself instead of giving it to me for my hard work? F*** OFF, now I'll make your coins worthless! http://en.wikipedia.org/wiki/Scorched_earth

Indeed this is what it looks like.
FreeTrade always told us that he wanted the grant to go to something with a large community backing. Well, as it turns out, the Revolution Pool has a very large community backing but FreeTrade will not accept that as he does not get his share.
FreeTrade has pushed his plan for this single large vote without even listening to all the proposals that were made by the community. Nobody backed this plan but he thought it would be the answer to get 'private' votes banned.
As things turned out, it would be better to have kept the 5-grant system.

I understand that FreeTrade would appreciate some support for his coding efforts, but you can't extort the community to get your way.
It has been shown that the community will use the grant system to reward themselves. No matter how you change it, this will always be the way people think and act.

I think the best solution would be if FreeTrade would kindly ask SlyWax (Revolution Pool owner) if he can have 20% of the grant and the other 80% is distributed among the revolution pool voters. I think there is a real chance this could happen.
If not, someone else could take up the idea to start a pool with a fixed contribution to FreeTrade or people could change their voting preferences back to the MCF instead of the Revolution Pool.
Either way, whatever will happen is what the community wants to happen as was intended all along (according to what FreeTrade communicated up to now).

Power to the People.
Report to moderator 
A fine is a tax you pay for something you did wrong.
A tax is a fine you pay for something you did right.
"""

EVeryone of you should feel stupid, all you would have to do is look at Memory Coin 1 and you would see the only thing FREETRADE wanted was free cash, a soon as the vote system didnt work for him, he crashed the original coin and had it taken of exchanges.  What makes you think this will be any differant, as soon as he is voted out, he will cash out(mm2 already made hime rich) then just crash a new coin.

if you dont believe me just read the original memory coin thread, its all there.  your best plan is to cash out and invest your energies into something real, and before you ask, no i dont have any pts/mm2 .



j

[itsik78]

This is a pretty dumb plan. What do you think will happen to the price of the coin if you fire all the devs and officers just to get a little bit of extra coin? Greedy and dumb plan.

I already wrote, about 2 weeks ago, why I think the voting system is flawed and it's just as democratic as the elections in Iran...
Newmine I just voted for all positions with a 7,500 MMC wallet.
MQdsjzu6KMgqzMAZ7xhmiRbyzTukGcrDPN

I will keep this vote as long as you keep your word. I don't see any of the officers budge a nail for this coin so they definitely don't deserve more than 20% the current pay.

Good luck

[MegaFarmer]

Quote from: eule on September 14, 2013, 10:22:12 AM
Can I get a TL;DR of this thread? I only followed Memcoin a bit in the beginning and reading the last two pages now makes it look like this:
Hey look, cool coin where YOU can vote who wins the jackpot! Vote for me and I'll continue developing. What, you want to win the jackot yourself instead of giving it to me for my hard work? F*** OFF, now I'll make your coins worthless! http://en.wikipedia.org/wiki/Scorched_earth

Damn, this FreeTrade is even worse than I suspected.
So much for my faith in this coin

[Newmine]

This is a pretty dumb plan. What do you think will happen to the price of the coin if you fire all the devs and officers just to get a little bit of extra coin? Greedy and dumb plan.

I already wrote, about 2 weeks ago, why I think the voting system is flawed and it's just as democratic as the elections in Iran...
Newmine I just voted for all positions with a 7,500 MMC wallet.
MQdsjzu6KMgqzMAZ7xhmiRbyzTukGcrDPN

I will keep this vote as long as you keep your word. I don't see any of the officers budge a nail for this coin so they definitely don't deserve more than 20% the current pay.

Good luck

I paid FaSaN to keep to my word.

[itsik78]

This is a pretty dumb plan. What do you think will happen to the price of the coin if you fire all the devs and officers just to get a little bit of extra coin? Greedy and dumb plan.

I already wrote, about 2 weeks ago, why I think the voting system is flawed and it's just as democratic as the elections in Iran...
Newmine I just voted for all positions with a 7,500 MMC wallet.
MQdsjzu6KMgqzMAZ7xhmiRbyzTukGcrDPN

I will keep this vote as long as you keep your word. I don't see any of the officers budge a nail for this coin so they definitely don't deserve more than 20% the current pay.

Good luck

I paid FaSaN to keep to my word.

Yep, I know.
Please check this query and let me know if you understand what's going on there:
https://bitsharestalk.org/index.php?topic=2047.msg24095#msg24095

[phrozenspite]

This is a pretty dumb plan. What do you think will happen to the price of the coin if you fire all the devs and officers just to get a little bit of extra coin? Greedy and dumb plan.

I already wrote, about 2 weeks ago, why I think the voting system is flawed and it's just as democratic as the elections in Iran...
Newmine I just voted for all positions with a 7,500 MMC wallet.
MQdsjzu6KMgqzMAZ7xhmiRbyzTukGcrDPN

I will keep this vote as long as you keep your word. I don't see any of the officers budge a nail for this coin so they definitely don't deserve more than 20% the current pay.

Good luck

I paid FaSaN to keep to my word.

Yep, I know.
Please check this query and let me know if you understand what's going on there:
https://bitsharestalk.org/index.php?topic=2047.msg24095#msg24095

well whatever the case, they're amounting to about 45k in votes
and according to the site
MCF is funded through the MemoryCoin grant award system. Its funds are currently administered by the coin’s founder and chief developer, FreeTrade. To avoid a conflict of interest, MCF does not provide grants or payments to its administrator.

I think FreeTrade has some explaining to do, especially since they're voting for him and most of the position holders

[Newmine]

This is a pretty dumb plan. What do you think will happen to the price of the coin if you fire all the devs and officers just to get a little bit of extra coin? Greedy and dumb plan.

I already wrote, about 2 weeks ago, why I think the voting system is flawed and it's just as democratic as the elections in Iran...
Newmine I just voted for all positions with a 7,500 MMC wallet.
MQdsjzu6KMgqzMAZ7xhmiRbyzTukGcrDPN

I will keep this vote as long as you keep your word. I don't see any of the officers budge a nail for this coin so they definitely don't deserve more than 20% the current pay.

Good luck

I paid FaSaN to keep to my word.

Yep, I know.
Please check this query and let me know if you understand what's going on there:
https://bitsharestalk.org/index.php?topic=2047.msg24095#msg24095

I think FreeTrade has some explaining to do, especially since they're voting for him and most of the position holders

I won't hold my breath.

[BCNext.]

I am very disappointed with the performance of MMC2

[x0rcist]

This is a pretty dumb plan. What do you think will happen to the price of the coin if you fire all the devs and officers just to get a little bit of extra coin? Greedy and dumb plan.

I already wrote, about 2 weeks ago, why I think the voting system is flawed and it's just as democratic as the elections in Iran...
Newmine I just voted for all positions with a 7,500 MMC wallet.
MQdsjzu6KMgqzMAZ7xhmiRbyzTukGcrDPN

I will keep this vote as long as you keep your word. I don't see any of the officers budge a nail for this coin so they definitely don't deserve more than 20% the current pay.

Good luck

I paid FaSaN to keep to my word.

Yep, I know.
Please check this query and let me know if you understand what's going on there:
https://bitsharestalk.org/index.php?topic=2047.msg24095#msg24095

This is what I posted there earlier today.
https://bitsharestalk.org/index.php?topic=1635.msg23848#msg23848

It seems MaxPwr got me banned from bitsharetalk.org

My profile name is/was SkyscraperFarms over there and on reddit. My user name no longer exists. My posts are still there though.

It looks as though someone at Invictus may be in bed with MaxPwr and FreeTrade. I guess with the PTS premine award in MMC,  someone if not a few definitely have something to lose in MMC.

WTF? I already told before this FreeTrade is a scam with PTS MMC and now AGS...

[hownowbrowncow]

This is a terrible plan. If you don't like the way Memory Coin works, go mine a different coin.

This is a pretty dumb plan. What do you think will happen to the price of the coin if you fire all the devs and officers just to get a little bit of extra coin? Greedy and dumb plan.

I think this is precisely the magic of this coin, owners get to decide what they want, that's why people vote

Where is the magic in having the memory coins I've mined become worthless??

[hownowbrowncow]

I am very disappointed with the performance of MMC2

You're not going to see the growth you want until this mutiny attempt by Newmine ends.

[FreeTrade]

Yes, worth noting that he doesn't seem to have many MemoryCoin himself, but instead is advising others to shoot themselves in the foot. Maybe wants to create a lower buy-in point.

[seraphim_bts]

While people here complain about the officers doing nothing, the support team is working hard on getting stuff done.
Status update: https://bitsharestalk.org/index.php?topic=1653.msg24467#msg24467

Newmine slowly is becoming a thread to our efforts. If you want us to keep up our work, give us your vote.
Without the coins from the grant I cannot keep on paying the team, and I think no one who cares about the coins future wants MMC to have a homepage with only parts of it translated to other languages...