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Author Topic: Thoughts on Max Keiser's coin (Maxcoin)  (Read 14919 times)
Herp
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February 08, 2014, 06:45:06 PM
 #41

There are numerous coins with better tech, better launches, better distribution, better teams behind them - and now this Max comes along like a Champion with clueless devs and corrupted launch and thinks his coin is worth more than these all better coins just because he decides to say so. And the whole crypto scene is on their knees praising their new lord just because he's been on TV. The collective greed and stupidity is just amazing.

I see this frustration and it's just 1 day rage that will subside in few days. Things are already working smoothly.

well if this was from a random guy instead of max keiser no one would mine this total shit.


"If "ifs" and "buts" were candy and nuts, wouldn't it be a Merry Christmas?"

...so no point talking about "what ifs". Reality is this coin will have huge promotion behind it for months to come.


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1513110249
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illodin
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February 08, 2014, 06:47:12 PM
 #42

There are numerous coins with better tech, better launches, better distribution, better teams behind them - and now this Max comes along like a Champion with clueless devs and corrupted launch and thinks his coin is worth more than these all better coins just because he decides to say so. And the whole crypto scene is on their knees praising their new lord just because he's been on TV. The collective greed and stupidity is just amazing.

I see this frustration and it's just 1 day rage that will subside in few days. Things are already working smoothly.

But do you agree or not? I'm not saying agreeing and still wanting to play along the herds hoping to make a buck isn't perfectly fine.
Herp
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February 08, 2014, 06:51:45 PM
 #43

There are numerous coins with better tech, better launches, better distribution, better teams behind them - and now this Max comes along like a Champion with clueless devs and corrupted launch and thinks his coin is worth more than these all better coins just because he decides to say so. And the whole crypto scene is on their knees praising their new lord just because he's been on TV. The collective greed and stupidity is just amazing.

I see this frustration and it's just 1 day rage that will subside in few days. Things are already working smoothly.

But do you agree or not? I'm not saying agreeing and still wanting to play along the herds hoping to make a buck isn't perfectly fine.

Sure there are. Mastercoin is one of them for example.

But thing is, promotion is very important, more so than people think. Do you think Brangelina are such good actors? They're not. There are at least a thousand actors out there in several countries who can school both Brad Pitt and Angelina on all things that involve acting but due to the huge promotion they've both been the "victims" of, they are selling movies like hotcakes.

You can have best act in town if no one knows about it. It's fucking pointless. Same reason why Coca Cola spends something like 90% of what they make on advertising. Do you think there aren't better and healthier juices out there that people can drink? There's plenty of them but most people buy this Cola due to the fat promotion behind it.


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daimyo
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February 08, 2014, 06:53:38 PM
 #44

The first moment I saw the devs on Keiser report I thought to myself "what are these sexually ambiguous crooks doing on the show?" As all know the launch had been postponed several times and then you realize that there isnt a decent wallet.... Max Keiser is gonna discredit himself because of coin that just happens to do something with his name... Will try mining a few coins just to see what happens Cheesy

http://ufocoin.net

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Nullu
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February 08, 2014, 06:54:59 PM
 #45

Maxcoin just seems to be in a completely different world. The devs are useless and inactive, and apart from Max Keiser's backing and a different algorithm, this coin has nothing else going for it. I would be confident if it had a competent dev team, but if something goes wrong with the coin then there's going to be a problem.

You can't say the developers are competent. Anyone who does is a liar.

The coin has just as many pros as it does cons.

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Herp
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February 08, 2014, 06:55:54 PM
 #46

The first moment I saw the devs on Keiser report I thought to myself "what are these sexually ambiguous crooks doing on the show?" As all know the launch had been postponed several times and then you realize that there isnt a decent wallet.... Max Keiser is gonna discredit himself because of coin that just happens to do something with his name... Will try mining a few coins just to see what happens Cheesy

No he won't. Worst case he'll make fun about it. User friendly windows wallets can already be downloaded btw.


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daimyo
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February 08, 2014, 06:56:32 PM
 #47

Maxcoin just seems to be in a completely different world. The devs are useless and inactive, and apart from Max Keiser's backing and a different algorithm, this coin has nothing else going for it. I would be confident if it had a competent dev team, but if something goes wrong with the coin then there's going to be a problem.

You can't say the developers are competent. Anyone who does is a liar.

The coin has just as many pros as it does cons.

the only pros is that they got a kickstart media attention...

http://ufocoin.net

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Herp
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February 08, 2014, 06:57:16 PM
 #48

Maxcoin just seems to be in a completely different world. The devs are useless and inactive, and apart from Max Keiser's backing and a different algorithm, this coin has nothing else going for it. I would be confident if it had a competent dev team, but if something goes wrong with the coin then there's going to be a problem.

You can't say the developers are competent. Anyone who does is a liar.

The coin has just as many pros as it does cons.

Don't know about them being inactive. They seem pretty active. Check their tweeter feed https://twitter.com/maxcoinproject

They also have over 7k followers there already.


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Alphi
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February 08, 2014, 07:06:09 PM
 #49


But thing is, promotion is very important, more so than people think. Do you think Brangelina are such good actors? They're not. There are at least a thousand actors out there in several countries who can school both Brad Pitt and Angelina on all things that involve acting but due to the huge promotion they've both been the "victims" of, they are selling movies like hotcakes.

You can have best act in town if no one knows about it. It's fucking pointless. Same reason why Coca Cola spends something like 90% of what they make on advertising. Do you think there aren't better and healthier juices out there that people can drink? There's plenty of them but most people buy this Cola due to the fat promotion behind it.

I don't know what disturbs me more.. the fact that you think Max Kaiser has as much sex appeal as Brangelina OR that you think Coca Cola is a juice....

whatever you take make sure you share some with Max.. he's got a good stash..

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Nullu
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February 08, 2014, 07:07:31 PM
 #50

Maxcoin just seems to be in a completely different world. The devs are useless and inactive, and apart from Max Keiser's backing and a different algorithm, this coin has nothing else going for it. I would be confident if it had a competent dev team, but if something goes wrong with the coin then there's going to be a problem.

You can't say the developers are competent. Anyone who does is a liar.

The coin has just as many pros as it does cons.

Don't know about them being inactive. They seem pretty active. Check their tweeter feed https://twitter.com/maxcoinproject

They also have over 7k followers there already.

Active on twitter, but not here? This is what I mean by being in a different world. It's 95% PR and 5% development.

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February 08, 2014, 07:08:20 PM
 #51

The higher the price goes up, the bigger the price crash it's going to be. There are going to be some very angry buyers in the next few weeks. That is my prediction. It just takes one of these big early miners to dump all their coins and you will see some epic price crashing.

The launch was a disaster. Too few people profited from it early on, so the coin distribution is terrible. If they hadn't screwed this coin up so much it would be nicely distributed, but as it stands there are people with hundreds of Maxcoins and given the current pricing they could crash the market at a whim.

It doesn't matter how well it gets from here on out. The launch has created some very big coin holders who hold a great level of influence over the value of the Maxcoins in your pocket. You've been warned.

This right here! Nullu on fiah!
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February 08, 2014, 07:10:12 PM
 #52

my thoughts about maxcoin? "lol"

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February 08, 2014, 07:13:03 PM
 #53

ASIC proof Keccak (SHA-3) mining algorithm

It isn't ASIC proof, infact it's very prone to ASICs.
Herp
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February 08, 2014, 07:15:40 PM
 #54

Maxcoin just seems to be in a completely different world. The devs are useless and inactive, and apart from Max Keiser's backing and a different algorithm, this coin has nothing else going for it. I would be confident if it had a competent dev team, but if something goes wrong with the coin then there's going to be a problem.

You can't say the developers are competent. Anyone who does is a liar.

The coin has just as many pros as it does cons.

Don't know about them being inactive. They seem pretty active. Check their tweeter feed https://twitter.com/maxcoinproject

They also have over 7k followers there already.

Active on twitter, but not here? This is what I mean by being in a different world. It's 95% PR and 5% development.

I don't get it. What's wrong with twitter? Much easier to track shit on twitter than digging up through hundreds of posts n spam here on forum.


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Alphi
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February 08, 2014, 07:15:46 PM
 #55

it does have an ASIC proof Keccak (SHA-3) mining algorithm, which is way more than what most of the alt coins have. Most alt coins use either Litecoin based Scrypt or SHA-256.
[/size]


Sha-3 is not ASIC proof at all... any more than MaxCoin was a claimed "CPU only" coin...
it took developers one day to adapt bitcoin mining software to work with Sha-3

how long do you think it would take chip designers to adapt the SHA-256 ASIC chip design?

if they wanted to they could probably do it in a couple of weeks.

from design to tape out to delivery right to the customers door probably wouldn't take more than a few months because the ASIC companies already have all the distribution channels, suppliers, designers, production facilities in place, not to mention all the experience.

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Herp
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February 08, 2014, 07:16:40 PM
 #56

ASIC proof Keccak (SHA-3) mining algorithm

It isn't ASIC proof, infact it's very prone to ASICs.

Thing is there are no ASICs for it yet and none in the pipeline. Scrypt ASICs can already be pre-ordered.


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noobster
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February 08, 2014, 07:17:31 PM
 #57

sorry to say that, but the launch was a complete crap, here's what I experienced:

- it was supposed to be cpu
- resheduled launch (guess why)
- released linux binary at the launch time was not working (linked dynamically against extra libs, devs are amateurs)
- github source 10 minutes after not working binaries release
- in the mean time somebody "found" working nvidia miner
- wallet does not synch, damn… ok it's synced
- i'm finally mining… diff 174+ <_<

thanks

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February 08, 2014, 07:20:24 PM
 #58

Max is a clown and the coin is garbage.
Herp
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February 08, 2014, 07:20:48 PM
 #59

sorry to say that, but the launch was a complete crap, here's what I experienced:
....
thanks

Yeah but fuck the launch. It's stable now. Let's look a bit past this launch. No one will give a shit about this launch days or weeks from now, except idiots who like to hold a grudge.


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February 08, 2014, 07:25:49 PM
 #60

sorry to say that, but the launch was a complete crap, here's what I experienced:
....
thanks

Yeah but fuck the launch. It's stable now. Let's look a bit past this launch. No one will give a shit about this launch days or weeks from now, except idiots who like to hold a grudge.

i lost time on this coin, i was ripped off right at the beginning so were the others, and a small group of interest instamined it
i'm not getting involved into this crap

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