This is the funniest way to scam some BTC I've seen so far lol.
Here the point is really different, this is not a so-called, classic, "2nd gen coin", with all of the things related...this is supposed to be a normal alt-coin with SHA-256 algorithm!!!
So, let me summarize:
- You decided to make a new SHA-256 alt coin.
- You decided to premine it.
(nothing new so far)
- You invented a new kind of premine: instead of doing it the classic way, you are asking ppl to give you BTC to buy "rigs" for a total of 100 GHash power, to use this "rigs" to premine your own just made altcoin...and you promise to give back to those investors a certain quantity of your new and unknown and so without value alt coin.
What will happen in this dreamland scenario?
- You get a bunch of BTC (you asked for 1% = 1 BTC so you want 100 BTC) -> total value ~100k $
- You buy an ASIC of 100 GHash power -> total value ~ roughly 2BTC so 2k $
* You send back to the investors some of your scamcoin that is going nowhere anyway
- You use the ASIC to mine some more BTC after your shitcoin is dead
NB. the * step is optional.
Double profit, double scam.
I must admit you should've thought a bit to setup such a funny way to tell ppl: hey, I don't want to just scam you once, but twice!!
XD I laughed a lot.
It will be 100 x 1GH/s Rigs with a private wallet each.
Bitcoins are based on after invest.
My Foxcoins are based on pre-invest.
Everything i ask in BTC is for the Foxcoin and not for my bennefit.
With my share as promotion free coins i wont even have a good share of my own coins..
How could it be a double scam?