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January 25, 2014, 05:45:40 AM |
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Rest assured, this is no coin trying to incite conflict amongst the worlds Muslims, this is in fact the coin to which all other shitty altcoins can be held to as a standard. This one will be the SHT, the SHIT E COIN, also known as the shittiest coin of them all.
Features will include:
No premine
Blocks 1 - 360 will have a block reward of 1. This is intended to ensure that as many people have a chance to be mining when the real rewards start.
2 minute blocks, 10 confirms, 50 coins per block (36,000 coins per day)
The first block to start paying out the 50 coin reward will be randomly selected between blocks 360 and 450. This is to keep the coin whale resistant as long as possible, because who wants to have their botnet mining a shitcoin with a 1 coin/block limit for up to a couple of days?
The dev will not mine the coin, and will simply operate two pools at once to both mine the coin at 1% PPLNS.
There will be no attempt made whatsoever to create any kind of demand for these coins, they will simply be used as a standard to gauge just how shitty another shitcoin is. They will be worthless outside of the sheer speculative value of being able to say "I invested heavily in the shittiest coin there is!:"
The dev is also planning on immediately abandoning the coin the minute that the mining pools make enough coins that they can ever be sold for any value. Naturally, the dev wants to remain completely anonymous as well.
Oh, and did I say anything about a dev? I meant to say, I'm looking for a dev - I'll be able to pay with the payouts of blocks -40 -> 0, I mean it's not a pre-mine if you're doing it 'for the coin and the community' right?
PS, NXT developer - you're a real piece of shit for making so many people believe in your idea when you gave yourself like what, a billion coins to start? yeah, I bet you've already shit in your pants that it hit $0.07. That's seven billion cents, isn't it? Even assuming you gave away 99% of the original billion and only kept 10 million NXT for yourself you've already made in the range of $700,000 off of your shitcoin. You're a real piece of work, dickhead.
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