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zmhaha
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March 06, 2014, 09:04:35 PM
Last edit: March 06, 2014, 09:29:12 PM by zmhaha |
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I don't get it.
If you think of this "Public Premine" is indeed a actual launch, although I don't see why not, is not this "Public Premine" is that for the first 10% of the coin, you must mine in one particular pool, i.e. their DEV's official pool? ?
Is not the other part of the 10% premine just an IPO?? This is so greedy of you............
For a DEV whose intention is to dump premine, IPO is just another way to do it and simpler actually because you are dumping-on-demand and exchange whatever a coin you created for instant BTC. I can just copy and paste a coin and sell whole 100% of it to somebody as an "IPO investor" for 1 BTC.. then I copy and paste again.
What plans do you have for the coin? And how can you convince people you can and capable of implementing it??
Saying you got a Dev team that launched many coins before does not help this, it hurts it because it is very likely they have done the premine dumping before and moved to another one, and on.
About your claim for the "Improvements Compared With Bitcoin"
1: "Transactions are 10x faster than Bitcoin"
There are many 20x faster ones, so you are beaten.
2: "10x more secured than Bitcoin for using SHA-3 instead of SHA-2"
How do you quantify the level of security of a Cryptocoin? Even you could, how did you get the 10x?
3: "Consumes 10x less power than Bitcoin"
Just explain why? So if I use the same mining equipment to mine this coin, it will consume 10x less power than mining bitcoin? Or you are just saying if I use GPU to min BTC and Wecoine, and compare the potential profitability, it is gonna be 10x? If yes, I believe so...
4: "Permanent ASIC resistance"
Becareful use the term "Permanent". Can you prove it? And show the proof please, i.e. An ASIC techonologically can't be designed for Wecoin.
About your claims for the "Different From other SHA-3 (Keccak) coins"
1: "The first and only public-premine coin"
Yea, because you are the first to call a required-to-mine-in-your-own-pool-for-the-first-10%-of-the-coin a "Public Premine".
2: "Transaction malleability issue is fixed"
What transaction malleability are you referring to??? A particular one or in generally all transaction malleabilities?
3: "Random block reward (From 1 to 1,000,000 WEC coins per block)"
Well, maybe other SHA-3 don't have random rewards.. so it is different. but an advantage? Why?
4: "Huge coins cap with 100,000,000,000 WEC coins"
You are cap it to 100000 billion.. And say it is a coin with highest cap..
SCAMMMMMMMMMMMMMMMMM
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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emucoin
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Activity: 28
Merit: 0
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March 06, 2014, 09:06:41 PM |
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Sounds good. I'll send you all my college funds.
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timerland
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March 06, 2014, 09:16:45 PM |
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funny！！！
IPO scam
+1, create a new coin and sell for BTC, let investor buy? Ridiculous. Such investors must be very stupid, I can create as many coins as I want. Sell for BTC? a joke. |
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username here
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March 06, 2014, 09:26:17 PM |
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What is the point of a public premine, how is it any different from get starting up the miners normally? Why are we doing this?
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zmhaha
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March 06, 2014, 09:28:20 PM |
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What is the point of a public premine, how is it any different from get starting up the miners normally? Why are we doing this?
Because he thinks people are stupid and move onto it as long as they see there is something "different". |
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WeCoin (OP)
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March 06, 2014, 09:29:16 PM |
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What is the point of a public premine, how is it any different from get starting up the miners normally? Why are we doing this?
Public premine means that: You are mining shares of the premined coins this is a lot more profitable than mining the coin itself after it is launched. The less people join the public premine, the more coins you will get on launch. |
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zmhaha
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March 06, 2014, 09:37:06 PM |
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What is the point of a public premine, how is it any different from get starting up the miners normally? Why are we doing this?
Public premine means that: You are mining shares of the premined coins this is a lot more profitable than mining the coin itself after it is launched. The less people join the public premine, the more coins you will get on launch.
It is just setting a fixed percentage of the total coin can be mined during some specific period of time, i.e. the "public premine" period. And it is EXACTLY THE SAME AS USUAL MINING: FIXED AVERAGE BLOCK TIME WITH AVERAGE BLOCK REWARD, which means for a fixed period of time, only a fixed number of blocks are produced, thus a fixed/averaged total coins produced (say counting 10% of the total maximum coins). And HOW MUCH YOU WILL GET IS BASED ON YOUR HASH/NET HASH, i.e your shares relative the net hash.
AND you are forcing people to use your own pool for this "public premine". Do you charge fees???
People whoever did the "public premine" will most likely dump them as soon as an exchange becomes available. And destroying the price.
But you don't really care, correct? Because you already got the 10% IPO BTC. So you think you can just create something that is different("public premine"), which really has nothing to do with advantages, and people will just forget about 10% IPO and go nuts about this "public premine" |
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tibenian
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March 06, 2014, 09:41:07 PM |
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What is the point of a public premine, how is it any different from get starting up the miners normally? Why are we doing this?
Public premine means that: You are mining shares of the premined coins this is a lot more profitable than mining the coin itself after it is launched. The less people join the public premine, the more coins you will get on launch. im unable to join the pool - cgminer keeps silence |
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WeCoin (OP)
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March 06, 2014, 09:42:46 PM |
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What is the point of a public premine, how is it any different from get starting up the miners normally? Why are we doing this?
Public premine means that: You are mining shares of the premined coins this is a lot more profitable than mining the coin itself after it is launched. The less people join the public premine, the more coins you will get on launch. im unable to join the pool - cgminer keeps silence The premine is not started yet. You must wait until March 7. Check the countdown here: http://wecoin.in/ |
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TheMightyX
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Vires in Numeris
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March 06, 2014, 09:48:51 PM |
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This is so pointless and stupid.
Why the fuck do people have to be so fucking ignorant and support bullshit like this?
No wonder no one takes the cryptocurrency market seriously.
Public Premine = Not Beneficial to the Public, Coin or Community!
It is a cheap marketing tactic and you all are being so easily manipulated.
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blaFrog
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March 06, 2014, 09:53:43 PM |
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it's not called public premine, should be private premine.
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jonnysomething
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March 06, 2014, 10:01:38 PM |
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If I understand this correctly, you have to sign up for the public premine, which does make it different than a normal launch because until that % is hit, no other miners can join in.
I'm not saying it's a good plan, or that this coin isn't a scam, but I do think it is different. Kudos to the marketing team, if it works.
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WeCoin (OP)
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March 06, 2014, 10:02:00 PM |
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it's not called public premine, should be private premine.
Why is it a private premine when everybody can participate? Am I missing something? Instead of premining the coins for myself. I decided to let people have some shares in the premined coins. I want to distribute the coins among early people who support this coin from the start. Is there any other way I can distribute the coins fairly beside let people mine them? If you got a better idea I would love to hear and make change to the coin immediately. Plus the 10% shares from investing bitcoin will help miners estimate a price when this coin is launched. It will help them calculate and decide if they want to keep premining or not. |
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Black.Dog
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«Stay Hungry, Stay Foolish»
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March 07, 2014, 01:55:40 AM
Last edit: March 07, 2014, 02:21:59 AM by Black.Dog |
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 Im in. I just registered, congratulations for the idea for the website and for the pool, it's very very professional and beautifull. Good luck to all Wecoin Miners and Investors. Let's hope so! |
We Love All Crypto Coins!
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tibenian
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March 07, 2014, 05:34:52 AM |
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WeCoin (OP)
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March 07, 2014, 06:03:02 AM |
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Actually, I've just moved the pool to a load balancing server to prepare for the premine. So there was 5 minutes downtime. |
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CeilingCelery
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March 07, 2014, 06:58:51 AM |
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Actually, I've just moved the pool to a load balancing server to prepare for the premine. So there was 5 minutes downtime. You say "was" but it's still down for me |
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Diamonds13
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March 07, 2014, 07:19:09 AM |
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Actually, I've just moved the pool to a load balancing server to prepare for the premine. So there was 5 minutes downtime. You say "was" but it's still down for me Yes, it is down. |
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CoinKiddo
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March 07, 2014, 07:37:50 AM |
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Actually, I've just moved the pool to a load balancing server to prepare for the premine. So there was 5 minutes downtime. You say "was" but it's still down for me Yes, it is down. Still down?  |
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nbphuoc
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March 07, 2014, 07:38:05 AM |
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Weird, it's up for me.
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