[ANN][SWITCH]SwitchCoin - RARE - Coin for Investors and Traders

[SteveMayer]

0 block reward and 0 mining fees... have fun getting your transactions to go through when there are 0 miners because there's 0 reasons to mine it  

We believe that too which is why we've designed Switch Coin like that. It's to prevent 4profit miners from being able to mine it, just to dump it at the exchanges, which would would significantly decrease the market value of Switch Coin. Imagine investing in an IPO, just for it to lose value over the upcoming weeks because 4profit miners are dumping it at the exchanges? We've designed this coin in every way possible to prevent such things.

Yes, but you haven't prevented you from dumping coins on exchange nor there is guarantee you will send any coins to investors. Trust -6, bye!

Of Course we guarantee that every investor will receive their coins. We didn't spend the past month working on this so we could kill our coin by doing something so ridiculous as to not send out the coins to our investors.

If you're looking for a zero risk way to obtain a stake in this IPO than you won't find it here. Our investors are taking a substantial risk while those sitting on the sidelines are not. It is precisely this risk that rewards them later on.

Why not accept escrow via a trusted member, like Anon135 is doing for exocoin? If you are an honest dev you will be okay. If you are a scammer you'll refuse the idea.

No one is calling us a scam because of our idea or because of our coin. They're calling us a scam because we're doing an IPO with our coin. In less than 4 days the IPO ends and once everyone sees the happy investors and Switch Coin on exchanges, they'll stop calling us a scam. Are we willing to risk our investor's money, our reputation and our Coin's future on someone else, so that people don't call us a scam for the next 4 days?

It's the same reason we have the wallets password protected. If we don't protect them, people will say Switch Coin had an unfair launch and is a scam. If we keep them protected, people will say its because we're a scam. The difference between the two is that once the IPO is over, they'll stop calling us a scam for locking the wallets. But if we don't lock them, we'll always be known as a scam coin with an unfair launch.

This whole thing is a very tricky balance between what's good for the IPO and what's good for Switch Coin's future. We're doing what we believe is best for the future of Switch Coin, not what is necessarily best for the IPO.

With that said, we're not opposed to escrow through someone who is not only trusted by the community but someone who we trust as well. Someone who we trust with not only our investors money but the future of Switch Coin. We've never heard of Anon135 and a forum search came up with only 3 posts. 1 isn't about him and 1 post is yours. So why should we trust him with our investor's money and the future of our coin? because you're going to call us a scam if we don't? In less than 4 days you'll be over it.

Here you go:  https://bitcointalk.org/index.php?topic=108716.0

Oh wow, I didn't know such a thing existed. Thank you for sending that.

I'm going to discuss this with the other devs and if we can make this work without having to delay the launch than I don't see a problem with it.

Fuck these trolls. They all want in but they don't want to take the risk that I did.
Fuck that. When I invested I took a risk in you and now you want to let others do the same investment without the risk?
What kind of shit is that man? If you switch to escrow than I want my money back and I'm out.

[SlidingHorn]

Fuck these trolls. They all want in but they don't want to take the risk that I did.
Fuck that. When I invested I took a risk in you and now you want to let others do the same investment without the risk?
What kind of shit is that man? If you switch to escrow than I want my money back and I'm out.

You've been around for a month, which should be long enough for you to have seen some of the scams in here, and for you to see that this (whether it is or not) REEKS of a scam.

I'm not trolling, I'm simply attempting to get clear, concise answers in order to provide other users (particularly newer ones) all they need to make a safe (or as much as it gets here), informed decision

[SteveMayer]

Fuck these trolls. They all want in but they don't want to take the risk that I did.
Fuck that. When I invested I took a risk in you and now you want to let others do the same investment without the risk?
What kind of shit is that man? If you switch to escrow than I want my money back and I'm out.

You've been around for a month, which should be long enough for you to have seen some of the scams in here, and for you to see that this (whether it is or not) REEKS of a scam.

I'm not trolling, I'm simply attempting to get clear, concise answers in order to provide other users (particularly newer ones) all they need to make a safe (or as much as it gets here), informed decision

I've been alive a lot longer than a month. I've seen some shit in my time. The worst is when someone shits in your mouth and calls it pudding.
You don't taste like pudding at all.

Your first post on this thread was a stupid troll post https://bitcointalk.org/index.php?topic=486595.msg5394384#msg5394384

At what point did you go from Troll to your newly appointed position of Savior of the thread?

I didn't risk my btc so some wise ass punk like you could get the risk removed while claiming to be a savior.
What you're trying to do is eliminate the risk for yourself so you can screw current investors.
I'm one of those investors and you want to screw me? FUCK THAT AND FUCK YOU.

[SlidingHorn]

You've been around for a month, which should be long enough for you to have seen some of the scams in here, and for you to see that this (whether it is or not) REEKS of a scam.

I'm not trolling, I'm simply attempting to get clear, concise answers in order to provide other users (particularly newer ones) all they need to make a safe (or as much as it gets here), informed decision

I've been alive a lot longer than a month. I've seen some shit in my time. The worst is when someone shits in your mouth and calls it pudding.
You don't taste like pudding at all.

Your first post on this thread was a stupid gif calling this coin a scam https://bitcointalk.org/index.php?topic=486595.msg5394384#msg5394384

At what point did you go from Troll to your newly appointed position of Savior of the thread?

I didn't risk my btc so some wise ass punk like you could get the risk removed while claiming to be a savior.
What you're trying to do is eliminate the risk for yourself so you can screw current investors.
I'm one of those investors and you want to screw me? FUCK THAT AND FUCK YOU.

Well, first, your profile indicates you've been here a month.  That's all I have to go on.

2nd:  You're right, that was the first post, because it walked, talked, acted & smelled like every other IPO scam that comes through here.  I called it as I saw it.

3rd:  I'm no savior.  I just find it to be doing my part for the crypto community by helping new folks (I'm not that seasoned myself, but I digress) get their feet wet, as well as learn how to not have their hard-earned money stolen from them.

4th:  The idea of escrow for an IPO:  "It's not for when the coin fails, but when the dev bails."  There is still risk involved - just not of blatant theft.  I'm VERY sorry to have ruined that thrill for you  

5th:  I have not, nor will I have, a single lick of interest in investing in this coin.  You're safe there.  I have no intention of "screwing you"  or "shitting in your mouth" (someone's seen too many German "scheisse" flicks...), I've actually just done you a favor - you can choose to view it that way or not...completely your choice, I guess.

[SteveMayer]

You've been around for a month, which should be long enough for you to have seen some of the scams in here, and for you to see that this (whether it is or not) REEKS of a scam.

I'm not trolling, I'm simply attempting to get clear, concise answers in order to provide other users (particularly newer ones) all they need to make a safe (or as much as it gets here), informed decision

I've been alive a lot longer than a month. I've seen some shit in my time. The worst is when someone shits in your mouth and calls it pudding.
You don't taste like pudding at all.

Your first post on this thread was a stupid gif calling this coin a scam https://bitcointalk.org/index.php?topic=486595.msg5394384#msg5394384

At what point did you go from Troll to your newly appointed position of Savior of the thread?

I didn't risk my btc so some wise ass punk like you could get the risk removed while claiming to be a savior.
What you're trying to do is eliminate the risk for yourself so you can screw current investors.
I'm one of those investors and you want to screw me? FUCK THAT AND FUCK YOU.

Well, first, your profile indicates you've been here a month.  That's all I have to go on.

2nd:  You're right, that was the first post, because it walked, talked, acted & smelled like every other IPO scam that comes through here.  I called it as I saw it.

3rd:  I'm no savior.  I just find it to be doing my part for the crypto community by helping new folks (I'm not that seasoned myself, but I digress) get their feet wet, as well as learn how to not have their hard-earned money stolen from them.

4th:  The idea of escrow for an IPO:  "It's not for when the coin fails, but when the dev bails."  There is still risk involved - just not of blatant theft.  I'm VERY sorry to have ruined that thrill for you  

5th:  I have not, nor will I have, a single lick of interest in investing in this coin.  You're safe there.  I have no intention of "screwing you"  or "shitting in your mouth" (someone's seen too many German "scheisse" flicks...), I've actually just done you a favor - you can choose to view it that way or not...completely your choice, I guess.

You've been trolling this thread for 2 days. You have more posts here than I do and I'm an investor.
You're hoping that everyone is too dumb to see what you're doing. I see right through you.
All you're trying to do is get in without having to deal with the risk of the devs running off with your money.
Meanwhile, me and the other investors get to sit here scammed when you and your buddies buy in risk free.
You're helping no one but yourself. Go scam people in another thread while calling yourself their savior.
That shit won't work with me.

[flo_k]

You're hoping that everyone is too dumb to see what you're doing. I see right through you.

We also see what YOU are doing. You act as a member of the Scam-Team

[SwitchCoin]

You've been around for a month, which should be long enough for you to have seen some of the scams in here, and for you to see that this (whether it is or not) REEKS of a scam.

I'm not trolling, I'm simply attempting to get clear, concise answers in order to provide other users (particularly newer ones) all they need to make a safe (or as much as it gets here), informed decision

I've been alive a lot longer than a month. I've seen some shit in my time. The worst is when someone shits in your mouth and calls it pudding.
You don't taste like pudding at all.

Your first post on this thread was a stupid gif calling this coin a scam https://bitcointalk.org/index.php?topic=486595.msg5394384#msg5394384

At what point did you go from Troll to your newly appointed position of Savior of the thread?

I didn't risk my btc so some wise ass punk like you could get the risk removed while claiming to be a savior.
What you're trying to do is eliminate the risk for yourself so you can screw current investors.
I'm one of those investors and you want to screw me? FUCK THAT AND FUCK YOU.

Well, first, your profile indicates you've been here a month.  That's all I have to go on.

2nd:  You're right, that was the first post, because it walked, talked, acted & smelled like every other IPO scam that comes through here.  I called it as I saw it.

3rd:  I'm no savior.  I just find it to be doing my part for the crypto community by helping new folks (I'm not that seasoned myself, but I digress) get their feet wet, as well as learn how to not have their hard-earned money stolen from them.

4th:  The idea of escrow for an IPO:  "It's not for when the coin fails, but when the dev bails."  There is still risk involved - just not of blatant theft.  I'm VERY sorry to have ruined that thrill for you  

5th:  I have not, nor will I have, a single lick of interest in investing in this coin.  You're safe there.  I have no intention of "screwing you"  or "shitting in your mouth" (someone's seen too many German "scheisse" flicks...), I've actually just done you a favor - you can choose to view it that way or not...completely your choice, I guess.

You've been trolling this thread for 2 days. You have more posts here than I do and I'm an investor.
You're hoping that everyone is too dumb to see what you're doing. I see right through you.
All you're trying to do is get in without having to deal with the risk of the devs running off with your money.
Meanwhile, me and the other investors get to sit here scammed when you and your buddies buy in risk free.
You're helping no one but yourself. Go scam people in another thread while calling yourself their savior.
That shit won't work with me.

You bring up very good points that we didn't think about. You are not the only person whose taken a risk in us and invested thus far. The terms of the IPO will remain the same as they have been and will continue to do so. We care more about the views of our current investors than we do anyone else.

[DjstarX]

O god ! Hopefully no one invested in this , Aol email account , pictures of a wallet ? really ?  Stop giving a bad name to crypto ...
Clark Kent /superman ...SteveMayer /SwitchCoin. Nuff said

[SwitchCoin]

O god ! Hopefully no one invested in this , Aol email account , pictures of a wallet ? really ?  Stop giving a bad name to crypto ...
Clark Kent /superman ...SteveMayer /SwitchCoin. Nuff said

You come here to bad mouth us then you say that we're giving crypto a bad name? The Crypto Currency developers aren't the ones giving Crypto a bad name. Without developers there wouldn't be any Crypto Currency.

We tried to get a video up yesterday of the wallet but we ran into some problems so we posted the images in the meantime. In any event we got the video online today http://www.youtube.com/watch?v=r7U0yqkWvvs

AOL's only temporary until the main site is up. We've been so busy working on the Mac Wallet, the Linux wallet, the Investors only forum and talking with exchanges that we haven't had time to throw the website up.

[MsCollec]

Any updates??  Escrow services 

[miramare]

With shitcoin from copy and paste or even coingen, a lot of newbies asked for IPO. What's the price of these shitcoins? Nothing.
It's damned.    It's just like robbing money from investors.
This has been ruining the market of altcoin.
Stop it.

[SwitchCoin]

Any updates??  Escrow services 

We just got the Mac Wallet online and it's available for download. The Linux wallet should be finished by tonight or tomorrow but definitely before the end of the IPO.

Escrow would have been great to use from the beginning but at this point we've decided against it. An investor brought up his concerns about us changing the terms of the IPO by switching to escrow and we decided to do what was best for our current investors.

The main problem the IPO is having is that people have spammed the thread calling us a scam and that people have given us negative trust for no reason other than to prevent people from being involved in this. Escrow won't undue the damage that these people have already done. Switching to escrow might make a few people decide to be a part of this who otherwise wouldn't have been but it will definitely tarnish our reputation with our current investors. We can't do that to our current investors in hopes of bringing in future investors.

[SwitchCoin]

With shitcoin from copy and paste or even coingen, a lot of newbies asked for IPO. What's the price of these shitcoins? Nothing.
It's damned.    It's just like robbing money from investors.
This has been ruining the market of altcoin.
Stop it.

We are not valuing our coins at a made up number and selling them. We are offering a percentage of them. The investors are the ones setting the price for Switch Coins, not us. As all investments this has its risks and its rewards and it is not for everyone. The IPO has brought in .03btc so far which translates to 6 satoshis per coin. A price that isn't set by us, it is set by the investors with the amount they've invested.

[danetti]

With shitcoin from copy and paste or even coingen, a lot of newbies asked for IPO. What's the price of these shitcoins? Nothing.
It's damned.    It's just like robbing money from investors.
This has been ruining the market of altcoin.
Stop it.

We are not valuing our coins at a made up number and selling them. We are offering a percentage of them. The investors are the ones setting the price for Switch Coins, not us. As all investments this has its risks and its rewards and it is not for everyone. The IPO has brought in .03btc so far which translates to 6 satoshis per coin. A price that isn't set by us, it is set by the investors with the amount they've invested.

69.5 BTC
http://media.giphy.com/media/s2qXK8wAvkHTO/giphy.gif

[MsCollec]

Any updates??  Escrow services 

We just got the Mac Wallet online and it's available for download. The Linux wallet should be finished by tonight or tomorrow but definitely before the end of the IPO.

Escrow would have been great to use from the beginning but at this point we've decided against it. An investor brought up his concerns about us changing the terms of the IPO by switching to escrow and we decided to do what was best for our current investors.

The main problem the IPO is having is that people have spammed the thread calling us a scam and that people have given us negative trust for no reason other than to prevent people from being involved in this. Escrow won't undue the damage that these people have already done. Switching to escrow might make a few people decide to be a part of this who otherwise wouldn't have been but it will definitely tarnish our reputation with our current investors. We can't do that to our current investors in hopes of bringing in future investors.

Total Btc invested 0.11 and you don't wanna use escrow because its unfair to those that contributed 0.11 BTC. Is there something missing here, escrow will let more people invest which will boost the quick adoption of your coin. I guess those 3 people that contributed 0.11 BTC can buy and spend it among themselves.

Last question, whats the closing date for IPO

[lolcoind]

http://switch.okaypool.com/
  fee 1% 
Our pools run on Enterprise-grade, fully redundant dedicated servers. Both our website and our high difficulty stratum ports are DDOS-protected.

[prosheng]

Added to www.Thecoindesk.com - The new coin calendar

[SwitchCoin]

Any updates??  Escrow services  

We just got the Mac Wallet online and it's available for download. The Linux wallet should be finished by tonight or tomorrow but definitely before the end of the IPO.

Escrow would have been great to use from the beginning but at this point we've decided against it. An investor brought up his concerns about us changing the terms of the IPO by switching to escrow and we decided to do what was best for our current investors.

The main problem the IPO is having is that people have spammed the thread calling us a scam and that people have given us negative trust for no reason other than to prevent people from being involved in this. Escrow won't undue the damage that these people have already done. Switching to escrow might make a few people decide to be a part of this who otherwise wouldn't have been but it will definitely tarnish our reputation with our current investors. We can't do that to our current investors in hopes of bringing in future investors.

Total Btc invested 0.11 and you don't wanna use escrow because its unfair to those that contributed 0.11 BTC. Is there something missing here, escrow will let more people invest which will boost the quick adoption of your coin. I guess those 3 people that contributed 0.11 BTC can buy and spend it among themselves.

Last question, whats the closing date for IPO

We don't anticipate that being a problem. Once the Investors Only forum is up and running, everyone involved will come up with quick solutions to any problems that arise. We also have many projects planned for the future of Switch Coin, this IPO is only the beginning.

The closing date is tomorrow at 10:00PM UTC.

[CoinTropolis_JustaBitTime]

0 block reward and 0 mining fees... have fun getting your transactions to go through when there are 0 miners because there's 0 reasons to mine it  

I think the investors and developers would keep it going to protect their investment...like nxt and pmc

Wow, please don't compare this to Nxt.

[fengsui]

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