This is how POS IPO's should be done.

[hyunsookmom]

This isn't a criticism of other POS coins but seeing the guy do the pretty fair POS giveaway Coins2 very effortlessly (while taking time off for family time!) in the last couple of days I got to question why the guys running IPO's couldn't do the same without all the total drawn out mess and still probably not stop puppet accounts. Plus no money was needed to be donated. I say it should be the standard way any future IPO is done.


Coins2 has done it right, ie link to FB and wallets and don't allow anyone with a new FB account. Of course some wont like using their FB account but even though many of us care about internet privacy most of us aren't operating at Snowden levels if we are honest with ourselves. And you could always ask a less paranoid friend to use theirs. And of course some people have fake some FB accounts already made but its gonna be a minority and are easy to detect if used.


All in all a quick, smart and fair as possible giveaway and an exciting coin to look forward to. Not pushing the coin just saying what I see about the distribution. Smart efficient distribution makes me hopeful and confident about how they will manage the rest of the coins PR.


https://bitcointalk.org/index.php?topic=483847.0

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[Zimbabwecoin]

Using a Facebook account seems like a simple solution to me - and an easy way to eliminate most sock puppet accounts.

[Wipeout2097]

Yes, it's a good experiment, but I hope in the future there will be a better way than using Facebook.

[anderl]

I don't use Facebook because it is a terrible platform.  As far as sockpuppets I know people who have anywhere between a few hundred and a few thousand sockpuppet facebook accounts.

[kelsey]

FB idea is horrible way to distribute;

1) many countries fb isn't popular or even banned.

2) easy to have many fake accounts.

3) fb gets wind of it could even have your account suspended.

[deliciousham]

FB idea is horrible way to distribute;

1) many countries fb isn't popular or even banned.

2) easy to have many fake accounts.

3) fb gets wind of it could even have your account suspended.

couldn't agree more. fb for giveaways is plain stupid.

[hyunsookmom]

I don't use Facebook because it is a terrible platform.  As far as sockpuppets I know people who have anywhere between a few hundred and a few thousand sockpuppet facebook accounts.

That's such a nose in the air elitist trying to be different for the sake of it chip on shoulder statement. And I don't even like FB myself....

Dude half the world is on it, you don't use it cause it's a good platform, you use it cause everyone you know is on the damn the thing.

[hyunsookmom]

FB idea is horrible way to distribute;

1) many countries fb isn't popular or even banned.

2) easy to have many fake accounts.

3) fb gets wind of it could even have your account suspended.

1. It's massively popular in all the major Bitcoin areas of the world including China and Russia. If your on Bitcoin sites you are gonna have FB probably. Yeah it's banned in some but then again it's a tiny minority and they would be using Tor or something similar of they are into bitcoin.

2. Yes it's possible but the giveaway excluded newbie accounts. Plus fake accounts are pretty easy to detect. Average person doesn't have a ton of FB sock puppet accounts.

3. Oh so you're scared of the man. Oh no FB suspended, maybe you better stay out of crypto when it gets illegal and your hunted down by the FBI and IRS. That day could come you probably already have transactions on the Blockchain under your IP address,  running scared isn't a strategy.



Seems like people are trying to find something to be negative about for no good reason.

[kelsey]

FB idea is horrible way to distribute;

1) many countries fb isn't popular or even banned.

2) easy to have many fake accounts.

3) fb gets wind of it could even have your account suspended.

1. It's massively popular in all the major Bitcoin areas of the world including China and Russia. If your on Bitcoin sites you are gonna have FB probably. Yeah it's banned in some but then again it's a tiny minority and they would be using Tor or something similar of they are into bitcoin.

2. Yes it's possible but the giveaway excluded newbie accounts. Plus fake accounts are pretty easy to detect. Average person doesn't have a ton of FB sock puppet accounts.

3. Oh so you're scared of the man. Oh no FB suspended, maybe you better stay out of crypto when it gets illegal and your hunted down by the FBI and IRS. That day could come you probably already have transactions on the Blockchain under your IP address,  running scared isn't a strategy.



Seems like people are trying to find something to be negative about for no good reason.

1. do your research on China lol

2. only need 1 person with 100 fb and big stab of the distributions in 1 hand. many have 100's if not 1000's of accounts, and if it became a regular thing many more people here would signup multiple accounts.

3. not at all I don't have a fb account, nor do many people I know have one. no fbi or irs in my country. so have you ever looked at the world outside the USA 

[hyunsookmom]

FB idea is horrible way to distribute;

1) many countries fb isn't popular or even banned.

2) easy to have many fake accounts.

3) fb gets wind of it could even have your account suspended.

1. It's massively popular in all the major Bitcoin areas of the world including China and Russia. If your on Bitcoin sites you are gonna have FB probably. Yeah it's banned in some but then again it's a tiny minority and they would be using Tor or something similar of they are into bitcoin.

2. Yes it's possible but the giveaway excluded newbie accounts. Plus fake accounts are pretty easy to detect. Average person doesn't have a ton of FB sock puppet accounts.

3. Oh so you're scared of the man. Oh no FB suspended, maybe you better stay out of crypto when it gets illegal and your hunted down by the FBI and IRS. That day could come you probably already have transactions on the Blockchain under your IP address,  running scared isn't a strategy.



Seems like people are trying to find something to be negative about for no good reason.

1. do your research on China lol

2. only need 1 person with 100 fb and big stab of the distributions in 1 hand. many have 100's if not 1000's of accounts, and if it became a regular thing many more people here would signup multiple accounts.

3. not at all I don't have a fb account, nor do many people I know have one. no fbi or irs in my country. so have you ever looked at the world outside the USA  

1. Since last year FB is largely unblocked and is growing as it is in Asia generally, if you looked at the FB page where people need to post you would of seen that many of the posters are Chinese. Don't do research, actually know stuff.

2. Like I said the average person doesn't have a hundred FB accounts and they aren't easy to fake. I looked at some of the posts and clearly some are fake, takes a mere seconds to discern it, if the guy doing the giveaway wants to question the obvious ones that have almost no posts etc then he can.

3. a)The FBI has made arrests overseas, KIm Dot com was in friken NewZealand but was the result of a case filed in the US. We're global now, governments just the other day have agreed to share tax and investments interests. http://www.oecd.org/tax/exchange-of-tax-information/oecd-delivers-new-single-global-standard-on-automatic-exchange-of-information.htm

b) Yeah not everyone has a FB account, but most do, you're an odd ball I get it, over a billion people have one, a hell of a lot more than have a Bitcoin account....duh.


c) I'm not American, i'm European, I've lived in Asia for many years, Korea in fact, and FYI FB is massive here....

[cryptohunter]

I don't use Facebook because it is a terrible platform.  As far as sockpuppets I know people who have anywhere between a few hundred and a few thousand sockpuppet facebook accounts.

I detest facebook.

Simple - accounts with decent activity on here only.

[KaozTiposta]

A reliable moderator or escrow user can manage the IPO (with %0.1 comission etc).

People see IPOs a potential fraud thanks to visa, stack or another scamcoins.

[hyunsookmom]

A reliable moderator or escrow user can manage the IPO (with %0.1 comission etc).

People see IPOs a potential fraud thanks to visa, stack or another scamcoins.

Yeah that covers an IPO based on how much wealth you put in your get out but that is only part of the story and many would say is unfair cause it just gives more to those with already the most. I has no ability to stop multiple fake applications.

[hyunsookmom]

Just to be clear I don't think any IPO is perfect but I think Coin2 with its FB distribution did a much better or at least as good an IPO as recent big ones without any fuss and weeks of list making. With the ability to hide IPS your never gonna get a perfect POS that makes everyone happy.

[Keyser]

I don't do facebook either.  It is a good theory but it would leave out many potential participants who hate facebook, whatever their reasons.

[KaozTiposta]

I think this forum is best place to make a IPO. You can limit the users activity, for example a user must have 20 and above activity to register IPO. All IPOs have risk, even facebook or apple IPOs.
Only thing is people should not trust to a new member who come with a coin idea and IPO.

[c_jp]

Facebook is garbage.

[Frogcoin]

That coin isn't even PoS, it's a fork of litecoin.

[JamesOng]

That coin isn't even PoS, it's a fork of litecoin.

yes..its a fork of litecoin..so what?and yes ..it isn't PoS then..so what?
 do you got any idea that how much ppl that interesting in crypto currency world and then they found themselve couldn`t get involved in just bc they are not a tecnical guy? at least this coin give a change to let them to get start ..this is so called community inovative in my view.