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Author Topic: [ANN] [RBY] ★★ Rubycoin ★★ A precious gem for the digital age  (Read 287185 times)
xxmalakitexx
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February 27, 2014, 06:59:15 AM
 #1401

Always someone out there crying Wolf!
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February 27, 2014, 07:33:50 AM
 #1402

Hi my first post on these forums and the third coin that I have mined. I just want to add some positivity to this to counter act all of the ridiculous negativity here. This is just my opinion:

1) The coin has attracted signifigant attention and is already generating signifigant income for miners. The price is naturally low at first because of the miners who are timid and too scared that the coin will fail and so they liquidate their holding immediately. The price will rise over time as people gain trust in the coin.

2) Hashrate has so far stayed very smooth in thanks to kimoto gravity well implementation. This is critical to the stability of the coin and security for transactions. Dogecoin doesn't even have KGW yet and it's hashrate has been fluctuating due to multipools.

3) The coin has value if in nothing else but name. The brand image and website are very attractive.

4) The devs have an incentive to not spend the premine frivolously and bring the price down right now which would essentially kill the coin. Unless they are idiots who want a 3 day coin they would not go on the exchange and dump 1.2 million coins.

5) The premine is clearly stated to be for bounties, and there is a thread on r/rubycoin where people can claim bounties. The bounties already promised constitute a significant portion of the premine. 20000 rubycoins are being given away to charity on r/rubycoin.

6) Even if the devs wanted to sell the premine on the market there is simply not enough trade volume to sell it all unless they wanted to make pennies.

7) All coins require trust in the devs, and in the community. The sheer excitement surrounding the release of this coin makes this a strong contender for future gains.

 Cool
Cal_42
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February 27, 2014, 07:36:12 AM
 #1403

PREMINE SCAM COIN -RUBYCOIN
Maximum Supply: 60,000,000 RUBY
Algorithm: Scrypt
Pre-Mine: 1,200,000
Block Reward: Step Reward :  500 / 250 / 125 / 75 / 50
Total coin in circulation: 1,766,950

RubyCoin  like any other premine scam coin, most of the coins in circulation are owned and controlled by the  RubyCoin Team. Investors usually use page views and numbers of replies on  a coin announcement page to determine the popularity and success of a coin but failed to discover the secrets hidden in those pages.

RubyCoin  is a soon to be dead coin, this article is just a warning for the investors and potential buyers to get out when they can and in few days the full obituary will follow.

A precious gem for the digital age will not be premine to the tune of 2% which is 1,200,000 RUBY and that's 67.9% of the entire RUBY in circulation.

Although having a premine it's good advantage because the development team can bribe the exchange to support their scam and start to dumping their mass premine on the innocent buyers.

They can pump the prices up as they wished since they have 67.9% of the entire RUBY in circulation.

Buyers are tricked to believe that RubyCoin is rare but in reality there's someone holding 1,200,000 RUBY( the average buy and sell order is under 4,000 RUBY)

To maintain the claim of using the premine to pay bounties, the development team will pay themselves the rewards. This is due to the lack of transparency and accountability in the spending.

Please don't support a premine scam coin created by coingen.io, they are many ZERO premine coins out there

+1

This coin is the scam of all scams. I mined all night from what I thought was the release time and only got ten scamcoins. People said they started mining two hours before release. This coin is such a piece of shit.
DeltaQuebec
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February 27, 2014, 07:46:42 AM
 #1404

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

I have a bridge for sale that charges 14.77 USD per crossing and gets 10,000 vehicles a day, 1 BTC and its yours.

*cough*

-Happy Mining


P.S. For those that can't read between the lines, you cant believe everything you read or hear, do your own research, and you will see this coin is just fine.. infact.. its pretty snazzy.


hzddevil
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February 27, 2014, 09:11:36 AM
 #1405

Rubycoin calculator:  http://cryptoage.com
BitOnyx
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February 27, 2014, 09:31:40 AM
 #1406

Wow there such a drasticly diferent opinions about this coin in this thread. Hard to tell what is the truth and what is just over-expectations towards mining. I don't want to support scam in case oh ruby-team actualy owning most of coins. I would like more facts. Any one ?

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February 27, 2014, 09:45:25 AM
Last edit: February 27, 2014, 08:02:20 PM by MrMine
 #1407

Updated - I was complaining about not getting bounty but it seems I was missing some info as per the below so will get over to reddit and patiently wait. Fingers crossed.
MsCollec
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February 27, 2014, 12:07:51 PM
 #1408

Where's the dev Huh Are you guys sure there's actually person behind this coin or just a bot  Tongue
MsCollec
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February 27, 2014, 12:14:58 PM
 #1409

Where's the dev Huh Are you guys sure there's actually person behind this coin or just a bot  Tongue

There's several members of the dev team.  Tongue They are in the irc 24/7 if you want to speak with any of them.

Hey dawj20: your username looks familiar.. Well, they should stick to their IRC and reddit and watch the coins value crash.  Tongue
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February 27, 2014, 12:19:57 PM
 #1410

For those that still believes in the dev, your buy order should be 0.00000001 btc per Ruby.  Waste of time and money. Gonna be dead    Sad
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February 27, 2014, 12:49:33 PM
 #1411

For those that still believes in the dev, your buy order should be 0.00000001 btc per Ruby.  Waste of time and money. Gonna be dead    Sad

It's hard to establish a value with such low volume. It's almost certain the coin will see a significant spike when it hits a larger exchange whether people believe it's a shitcoin/scamcoin or not.

High Volume gets the coin to a bigger exchange not the way around
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February 27, 2014, 01:09:10 PM
 #1412

For those that still believes in the dev, your buy order should be 0.00000001 btc per Ruby.  Waste of time and money. Gonna be dead    Sad

It's hard to establish a value with such low volume. It's almost certain the coin will see a significant spike when it hits a larger exchange whether people believe it's a shitcoin/scamcoin or not.

High Volume gets the coin to a bigger exchange not the way around

Or money/votes.

Both when it's premine scam coin  Lips sealed
MsCollec
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February 27, 2014, 01:22:33 PM
 #1413

For those that still believes in the dev, your buy order should be 0.00000001 btc per Ruby.  Waste of time and money. Gonna be dead    Sad

It's hard to establish a value with such low volume. It's almost certain the coin will see a significant spike when it hits a larger exchange whether people believe it's a shitcoin/scamcoin or not.

High Volume gets the coin to a bigger exchange not the way around

Or money/votes.

Both when it's premine scam coin  Lips sealed

You're secretly buying up all the cheap Rubycoin right now, aren't you?   Cool

No,  I will not waste my money on this SHITCOIN. I have seen a lot of supposedly rare coin that was premine by the Dev. Just look at Astrocoin (140,000 total coins)  it almost dead now. Rubycoin is going down, it's not gonna recover this is not an opportunity to buy cheap.
The Rubycoin team invited trouble and I'm dishing out to them
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February 27, 2014, 01:31:23 PM
 #1414

It seems unfair to those that already invested in RubyCoin. Since these claims are hurting your pocket than the Dev. Good luck  Kiss
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February 27, 2014, 01:35:17 PM
 #1415

 Pool 1:   http://ruby.dedicatedpool.com

has someone problems with this pool? Do not work autopayments and manual cahs out
dogechode
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February 27, 2014, 02:34:16 PM
 #1416

It seems like one of the biggest complaints / reasons for calling this a scam is that people haven't received bounties. The devs did say (days ago) that they would begin paying bounties out on Feb 27th (today) and that they would be paid out in installments. Whether you agree with their decision to pay several days after launch, and pay over installments, is a whole separate issue, however, let's wait and see if they start paying the bounties as promised today. Even if they only pay out the first 25% installment that would be a very large chunk of the 1.2 million and should (hopefully) put some of the FUD-mongering to rest.
xxmalakitexx
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February 27, 2014, 04:12:28 PM
 #1417

Everyone needs to clam down and go play Pacman Ruby Game With Dev Team Ghosties! Small 5 second intro that can be skipped by pressing any keys. Movement is W/A/S/D Q is for quit game so be careful and small cheat for invul if you hit space bar. Made for Windows, dont have Mac extensions atm. Go through reddit link below, for some reason forum wont let me post direct link.

http://www.reddit.com/r/rubycoin/comments/1yxb5v/how_did_you_promote_rubycoin_today/
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February 27, 2014, 05:41:45 PM
 #1418

Good sign that everyone defending this garbage has about 5 posts.  But goodluck, and mine on!


Yes because having 300 + posts ( regardless of their individual content ) = credibility?

I might not agree with all of cryptohunter's views on things, but when you've seen the same type of thing happen over and over and over, I mean why is this different?  There is a huge influx of new people coming to the game and if what you consider FUD posts will drive a few people to do some due dilegence and research on things then my job is done here.

Goodluck to you and your choices of mining/investing.




Well said ... +1 and would send you some rubies ... but can't, ... not for the lack of your wallet address.... BUT CAUSE WE ALL GOT FUCKED ON LAUNCH!!       


SCAM coin ... Oh yea baby... one of the best .....


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February 27, 2014, 06:31:09 PM
 #1419

It seems like one of the biggest complaints / reasons for calling this a scam is that people haven't received bounties. The devs did say (days ago) that they would begin paying bounties out on Feb 27th (today) and that they would be paid out in installments. Whether you agree with their decision to pay several days after launch, and pay over installments, is a whole separate issue, however, let's wait and see if they start paying the bounties as promised today. Even if they only pay out the first 25% installment that would be a very large chunk of the 1.2 million and should (hopefully) put some of the FUD-mongering to rest.

As stated above, bounties are supposed to start going out today. Please post in this thread once you have received some Ruby.


So it's not only my problem  Shocked

I made the 3rd block explorer and dev replied me in Reddit soon. Still no RUBY for me after almost 1 day
http://www.reddit.com/r/rubycoin/comments/1yxcd6/want_a_bounty_submit_your_work_for_consideration/cfp2w26
albertdros
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February 27, 2014, 06:32:58 PM
 #1420

It seems like one of the biggest complaints / reasons for calling this a scam is that people haven't received bounties. The devs did say (days ago) that they would begin paying bounties out on Feb 27th (today) and that they would be paid out in installments. Whether you agree with their decision to pay several days after launch, and pay over installments, is a whole separate issue, however, let's wait and see if they start paying the bounties as promised today. Even if they only pay out the first 25% installment that would be a very large chunk of the 1.2 million and should (hopefully) put some of the FUD-mongering to rest.

As stated above, bounties are supposed to start going out today. Please post in this thread once you have received some Ruby.


So it's not only my problem  Shocked

I made the 3rd block explorer and dev replied me in Reddit soon. Still no RUBY for me after almost 1 day
http://www.reddit.com/r/rubycoin/comments/1yxcd6/want_a_bounty_submit_your_work_for_consideration/cfp2w26

also didn't receive bounty (yet). Responsible for design #5. Posted address on reddit. Patiently waiting.

Oldschool Crypto Designer responsible for the Mintpal Exchange graphics, Bittrex exchange graphics, official Bitcoin SEGWIT logo & more.
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