[ANN]Faircoin - MULTIPOOL PAYS --- 20%--- BONUS! for the next week!!

[Varvarin]

100k sell wall works to scare people

They sure, do .. fortune favours the brave.

[stormia]

The main problem Faircoin suffers from is that the initial coin distribution process at the beginning wasn't actually fair. We all trusted the Faircoin developer not to game his own account creation system and award himself 50% of all the coins spread out over a thousand accounts.

Compare this to Blackcoin which distributed out the coins via the celebrated proof of work mining process pioneered by Bitcoin, which cannot be gamed or cheated, and most importantly is visible on the public blockchain for all to verify mathematically. Blackcoins distribution process is simply cold hard unbreakable logic that cannot be denied.

To attract bigger money to invest into this coin is going to be a problem going forward as word about the truth is spreading.

Hahaha mr_random you have always been a shill for BC. ON JUST ABOUT EVERY THREAD THERE IS LOL. you always seem to bring the distribution of the coins you bash into question, yet you always fail to realize just how poorly your beloved BC was distributed (99% of coins distributed in ONE WEEK of "celebrated" PoW! Most the multipools at the release were "invite only". Many people reported being unable to solo mine because of the huge diff jump right at the beginning. Just go read through pages 1-20 on the BC thread.), and that is why you see the games being played on the Mintpal buy/sell books everyday all day back and forth between big holders. You compare a 1 week PoW phase to the "proof of work mining process pioneered by Bitcoin"- what a fucking joke. "which cannot be gamed or cheated"- it got "gamed and cheated" by being only 1 week of PoW!

[shadypepe]

100k sell wall works to scare people

They sure, do .. fortune favours the brave.

or the ones who leave the sinking ship

[StolenCoinSalesman]

The main problem Faircoin suffers from is that the initial coin distribution process at the beginning wasn't actually fair. We all trusted the Faircoin developer not to game his own account creation system and award himself 50% of all the coins spread out over a thousand accounts.

Compare this to Blackcoin which distributed out the coins via the celebrated proof of work mining process pioneered by Bitcoin, which cannot be gamed or cheated, and most importantly is visible on the public blockchain for all to verify mathematically. Blackcoins distribution process is simply cold hard unbreakable logic that cannot be denied.

To attract bigger money to invest into this coin is going to be a problem going forward as word about the truth is spreading.

Hahaha mr_random you have always been a shill for BC. ON JUST ABOUT EVERY THREAD THERE IS LOL. you always seem to bring the distribution of the coins you bash into question, yet you always fail to realize just how poorly your beloved BC was distributed (99% of coins distributed in ONE WEEK of "celebrated" PoW! Most the multipools at the release were "invite only". Many people reported being unable to solo mine because of the huge diff jump right at the beginning. Just go read through pages 1-20 on the BC thread.), and that is why you see the games being played on the Mintpal buy/sell books everyday all day back and forth between big holders. You compare a 1 week PoW phase to the "proof of work mining process pioneered by Bitcoin"- what a fucking joke. "which cannot be gamed or cheated"- it got "gamed and cheated" by being only 1 week of PoW!

He is Mr.Random. I mined the shit out of bc when it came out. The pow actually only lasted 5 days. Why becasue the pos took away from the the blocks that could be mined and the dev never told anyone. You were supposed to be able to mine 10000 blocks each contained 10000 coins for a total of 100 mill. But since the pos took away blocks from the pow phase only roughly 74 mill coins were mined. I myself mined 400k I was the top blockfinder on greekpools. I love how Mr.Random says his was fairly distributed, no it wasnt. The man with the most money was able to mine the most coins since he had the most mining power. I held my BC when it was worth nothing waiting for its time to shine, its shined good and made me alot of money, but like dogecoin bc probably wont be the it coin forever. Besides its stupid to invest completely in just one coin its best to spread your investment over a few good coins.

[mr_random]

The main problem Faircoin suffers from is that the initial coin distribution process at the beginning wasn't actually fair. We all trusted the Faircoin developer not to game his own account creation system and award himself 50% of all the coins spread out over a thousand accounts.

Compare this to Blackcoin which distributed out the coins via the celebrated proof of work mining process pioneered by Bitcoin, which cannot be gamed or cheated, and most importantly is visible on the public blockchain for all to verify mathematically. Blackcoins distribution process is simply cold hard unbreakable logic that cannot be denied.

To attract bigger money to invest into this coin is going to be a problem going forward as word about the truth is spreading.

Hahaha mr_random you have always been a shill for BC. ON JUST ABOUT EVERY THREAD THERE IS LOL. you always seem to bring the distribution of the coins you bash into question, yet you always fail to realize just how poorly your beloved BC was distributed (99% of coins distributed in ONE WEEK of "celebrated" PoW! Most the multipools at the release were "invite only". Many people reported being unable to solo mine because of the huge diff jump right at the beginning. Just go read through pages 1-20 on the BC thread.), and that is why you see the games being played on the Mintpal buy/sell books everyday all day back and forth between big holders. You compare a 1 week PoW phase to the "proof of work mining process pioneered by Bitcoin"- what a fucking joke. "which cannot be gamed or cheated"- it got "gamed and cheated" by being only 1 week of PoW!

1. I am not a shill for anything. As we can all see from the meteoric price rise of Blackcoin, anyone who did their research and took into consideration my advice will have made themselves a small fortune. We are talking 1200% gains even for the latecomers that people like you said had missed the boat. I must be a funny shill if I've given great advice that would have made people a LOT of money if they followed it.  

2. Lets make this simple. I would rather have a 1 week PoW proof of work distribution process than a 1 YEAR "hand out money to anyone" process. When comparing the two the time length is irrelevant. You have NO WAY of knowing that the developer hasn't gamed his own system and given himself an absurd amount of coins... which he can dump onto unsuspecting investors. Go ahead and try and prove me wrong - you can't. You can't "game" mining -  if you could someone would "game" mining bitcoin and make themselves rich. If you want a lot of coins you have to have a lot of mining hashpower and that costs money. Compared to someone handing coins out and giving themselves coins for free? With no publicly verifiable ledger? Come on now.

3. Not only that, the price of Blackcoin remained low and super cheap for weeks. Faircoin immediately jumped straight up to a falsely pumped price. At least with Blackcoin, people could buy in cheaply if they missed out mining.

4. The crypto community never supports heavily pre-mined coins. 2 months from now this coin will be called a scam whenever it's mentioned. I've been here over a year and post here daily I know what I am talking about.

[virtualfaqs]

100k sell wall works to scare people

They sure, do .. fortune favours the brave.

or the ones who leave the sinking ship

Where? Don't see wall.

[gouda]

when does mp pay out  been mining for 2 days now at 1.2 mh

http://wafflepool.com/miner/1FAoYy8D1fAkZ7cFrrDP4G5UQLaZcshLMf

thx

[stormia]

The main problem Faircoin suffers from is that the initial coin distribution process at the beginning wasn't actually fair. We all trusted the Faircoin developer not to game his own account creation system and award himself 50% of all the coins spread out over a thousand accounts.

Compare this to Blackcoin which distributed out the coins via the celebrated proof of work mining process pioneered by Bitcoin, which cannot be gamed or cheated, and most importantly is visible on the public blockchain for all to verify mathematically. Blackcoins distribution process is simply cold hard unbreakable logic that cannot be denied.

To attract bigger money to invest into this coin is going to be a problem going forward as word about the truth is spreading.

Hahaha mr_random you have always been a shill for BC. ON JUST ABOUT EVERY THREAD THERE IS LOL. you always seem to bring the distribution of the coins you bash into question, yet you always fail to realize just how poorly your beloved BC was distributed (99% of coins distributed in ONE WEEK of "celebrated" PoW! Most the multipools at the release were "invite only". Many people reported being unable to solo mine because of the huge diff jump right at the beginning. Just go read through pages 1-20 on the BC thread.), and that is why you see the games being played on the Mintpal buy/sell books everyday all day back and forth between big holders. You compare a 1 week PoW phase to the "proof of work mining process pioneered by Bitcoin"- what a fucking joke. "which cannot be gamed or cheated"- it got "gamed and cheated" by being only 1 week of PoW!

He is Mr.Random. I mined the shit out of bc when it came out. The pow actually only lasted 5 days. Why becasue the pos took away from the the blocks that could be mined and the dev never told anyone. You were supposed to be able to mine 10000 blocks each contained 10000 coins for a total of 100 mill. But since the pos took away blocks from the pow phase only roughly 74 mill coins were mined. I myself mined 400k I was the top blockfinder on greekpools. I love how Mr.Random says his was fairly distributed, no it wasnt. The man with the most money was able to mine the most coins since he had the most mining power. I held my BC when it was worth nothing waiting for its time to shine, its shined good and made me alot of money, but like dogecoin bc probably wont be the it coin forever. Besides its stupid to invest completely in just one coin its best to spread your investment over a few good coins.

+1. I am all about diversification. Which is why it is very annoying when somebody seemingly cant bare to see another coin besides the one they are in love with doing well. There is plenty of room in the crypo world.

[unick]

Mac Wallet? . . . HELLO?

The Mac client http://fac.blockx.info/faircoin-0.9.0.1-macosx.dmg seems to crash on mid 2010 Mac (and earlier ).

I have tested the client on hardware of early 2011 and more recent and it works fine,  can anybody else test it and post your success/failure with your hardware specs?

thanks

[virtualfaqs]

Any big news coming up? 

[LeBarton]

We should get FAC on Bter, it would bring some more volume.

[coine_smithe]

We should get FAC on Bter, it would bring some more volume.

Lol... Mintpal w/ 10K BTC volume isn't enough for you???

[LeBarton]

We should get FAC on Bter, it would bring some more volume.

Lol... Mintpal w/ 10K BTC volume isn't enough for you???

Well you know ... bigger is better 

[Varvarin]

100k sell wall works to scare people

They sure, do .. fortune favours the brave.

or the ones who leave the sinking ship

Where? Don't see wall.

I'm not bothered, half my coins came at 1500 price.  

[kahir]

We should get FAC on Bter, it would bring some more volume.

Lol... Mintpal w/ 10K BTC volume isn't enough for you???

chines market is always a good thing

[StolenCoinSalesman]

when does mp pay out  been mining for 2 days now at 1.2 mh

http://wafflepool.com/miner/1FAoYy8D1fAkZ7cFrrDP4G5UQLaZcshLMf

thx

Next payout should be tomorrow as that is the pattern the dev has been paying out, also did you notice i sent 20 megahash your way for about 6 hours, should have gave you a nice boost on top of that you will get an extra 20%. Based on your account you will deffinately get paid this round.

[coine_smithe]

We should get FAC on Bter, it would bring some more volume.

Lol... Mintpal w/ 10K BTC volume isn't enough for you???

chines market is always a good thing

I'm not saying it's not... I'm just saying volume isn't the problem right now. It's just waiting for the next rally is all. BTER is a good idea though you guys are right.

[lzr1900]

Why dev deleted his post about the 20% bonus?

[StolenCoinSalesman]

Why dev deleted his post about the 20% bonus?

Dont know if it was the dev or a mod, still says it in the title.

[stormia]

38 btc sell wall on Mintpal. Somebody wants in cheaper.

edit: 20 btc now

2nd edit: aaaand its gone