seek4dream
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March 25, 2014, 07:55:02 AM |
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The BTC you get from IPO can only support 25% STD, as more and more STD are mined and dumped, the devs have to pay BTC from their pocket which is impossible.
After reading it more carefully, it seems the price of STD after launch will be 1/4 of its IPO price immediately.
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standardcoin (OP)
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March 25, 2014, 08:09:34 AM |
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standardcoin.conf file: server=1 listen=1 daemon=1 addnode=192.241.153.178 rpcport=5332 rpcuser=anyusername rpcpassword=anypassword
Wallet should sync automatically without adding nodes because I set up 2 dnsseed servers for it. But I still put up a node there just in case.
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bubuxiaoji
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March 25, 2014, 08:14:15 AM |
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vilgem
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March 25, 2014, 08:48:41 AM |
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The most likely future: Countdown! 5.. 4.. 3.. 2.. 1.. FAIL LOL
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★★★ VERTCOIN ★★★ ALL GENIOUS IS SIMPLE ★★★
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atronite
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March 25, 2014, 08:55:52 AM |
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So if I understand this correctly, then basically this is a 75% pre-mined coin that is distributed exclusively to initial investors. Meanwhile, after the IPO is closed, then mining starts and the rest of us get a share of this thing.
This can still be a pump and dump, the only difference is that we know where the floor is, and the "dumpers" have already accumulated what their investment is.
So, this isn't necessarily a scam for the IPO folks, but it represents a high risk for anyone who ultimately buys/mines and holds this on an outside exchange like cryptsy without realizing what they are buying into.
But there is a risk that I see for the IPO investors folks themselves, and that is this exchange's potential existential risks, and this is where I caution buyer beware on this "investment".
My questions: Are you, the DEV and exchange operator, a US person? Are you a registered business? Where are you registered? Are you, or your business, or your website, or any of your (or your business's) assets (physical, personal...like the servers the big investment wallet is kept, financial, or otherwise) located in any place that can be legitimately considered within US jurisdiction?
If you answered yes to any of the above question, do you have a money transmitter license from the US government in compliance with KYC/AML regulations? How do we know? Has an independent, trusted person on this forum with credibility verified this?
If you are not, in any way, located in any place where the US can come in and seize any assets in connection to any type of criminal investigation, then where ARE you located? Are you in compliance with your local laws? How can we be sure? What is your evidence? Where are your certifications?
All these questions, and more, must be answered to ensure that you are, in fact, trust worthy and not A) a scammer, or B) an incompetent fool who only knows how to program and design fancy websites.
Anyone who INVESTS in this IPO without knowing the answers to the above risks the possibility that this "magical exchange" located on this website will disappear. Just....like....Mt.....GOX.....!!!!
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standardcoin (OP)
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Activity: 28
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March 25, 2014, 09:10:52 AM |
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So if I understand this correctly, then basically this is a 75% pre-mined coin that is distributed exclusively to initial investors. Meanwhile, after the IPO is closed, then mining starts and the rest of us get a share of this thing.
This can still be a pump and dump, the only difference is that we know where the floor is, and the "dumpers" have already accumulated what their investment is.
So, this isn't necessarily a scam for the IPO folks, but it represents a high risk for anyone who ultimately buys/mines and holds this on an outside exchange like cryptsy without realizing what they are buying into.
But there is a risk that I see for the IPO investors folks themselves, and that is this exchange's potential existential risks, and this is where I caution buyer beware on this "investment".
My questions: Are you, the DEV and exchange operator, a US person? Are you a registered business? Where are you registered? Are you, or your business, or your website, or any of your (or your business's) assets (physical, personal...like the servers the big investment wallet is kept, financial, or otherwise) located in any place that can be legitimately considered within US jurisdiction?
If you answered yes to any of the above question, do you have a money transmitter license from the US government in compliance with KYC/AML regulations? How do we know? Has an independent, trusted person on this forum with credibility verified this?
If you are not, in any way, located in any place where the US can come in and seize any assets in connection to any type of criminal investigation, then where ARE you located? Are you in compliance with your local laws? How can we be sure? What is your evidence? Where are your certifications?
All these questions, and more, must be answered to ensure that you are, in fact, trust worthy and not A) a scammer, or B) an incompetent fool who only knows how to program and design fancy websites.
Anyone who INVESTS in this IPO without knowing the answers to the above risks the possibility that this "magical exchange" located on this website will disappear. Just....like....Mt.....GOX.....!!!!
I explained how the exchange works here: https://bitcointalk.org/index.php?topic=522874.msg5860556#msg5860556Since it is an automatic exchange, All the trades are done instantly and automatically. I am not holding anybody money!!!
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dreamboy
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March 25, 2014, 09:17:52 AM |
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take a seat!sent later
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atronite
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March 25, 2014, 09:45:20 AM |
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So if I understand this correctly, then basically this is a 75% pre-mined coin that is distributed exclusively to initial investors. Meanwhile, after the IPO is closed, then mining starts and the rest of us get a share of this thing.
This can still be a pump and dump, the only difference is that we know where the floor is, and the "dumpers" have already accumulated what their investment is.
So, this isn't necessarily a scam for the IPO folks, but it represents a high risk for anyone who ultimately buys/mines and holds this on an outside exchange like cryptsy without realizing what they are buying into.
But there is a risk that I see for the IPO investors folks themselves, and that is this exchange's potential existential risks, and this is where I caution buyer beware on this "investment".
My questions: Are you, the DEV and exchange operator, a US person? Are you a registered business? Where are you registered? Are you, or your business, or your website, or any of your (or your business's) assets (physical, personal...like the servers the big investment wallet is kept, financial, or otherwise) located in any place that can be legitimately considered within US jurisdiction?
If you answered yes to any of the above question, do you have a money transmitter license from the US government in compliance with KYC/AML regulations? How do we know? Has an independent, trusted person on this forum with credibility verified this?
If you are not, in any way, located in any place where the US can come in and seize any assets in connection to any type of criminal investigation, then where ARE you located? Are you in compliance with your local laws? How can we be sure? What is your evidence? Where are your certifications?
All these questions, and more, must be answered to ensure that you are, in fact, trust worthy and not A) a scammer, or B) an incompetent fool who only knows how to program and design fancy websites.
Anyone who INVESTS in this IPO without knowing the answers to the above risks the possibility that this "magical exchange" located on this website will disappear. Just....like....Mt.....GOX.....!!!!
I explained how the exchange works here: https://bitcointalk.org/index.php?topic=522874.msg5860556#msg5860556Since it is an automatic exchange, All the trades are done instantly and automatically. I am not holding anybody money!!! So what happens if you, and all your assets, and all your severs, everything you have any possible access to, are seized? What happens if you get thrown in jail or kidnapped or killed? Can this thing continue without you ever having to do another thing again? Can you walk away, and someone else (ANYONE ELSE) from the community with skillz continue development where you left off?
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Cryptocurrency_forum
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March 25, 2014, 09:51:51 AM |
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This looks promising if there is a fix to stop P&D.
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Bionic345
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Activity: 91
Merit: 10
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March 25, 2014, 09:52:34 AM |
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*grabbing popcorn" I read through this topic, the devs answers and the website. Really nothing of this system adds up, no matter how the dev explains his way of thinking, it doesn't make sense. Unless the dev risks a bunch of BTC himself in this game, it just can't work out... And the exchange thing is weird? If you are a buyer, you only need to enter your STD address to the exchange, a BTC address associated with that STD address is generated. You send BTC to that address and a calculated amount of STD will be sent to your STD address automatically. So I basically hold the BTC/STD at the same time in my wallet? oh whatever, nevermind, I doubt anyone get the full 100% here
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ozie
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March 25, 2014, 10:25:14 AM |
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So I basically hold the BTC/STD at the same time in my wallet?
oh whatever, nevermind, I doubt anyone get the full 100% here
You send BTC and get STD so at one time you hold neither in your pocket but never both. Not that hard to understand. Yes this coin is risky and some things may not end up as planned but i will give it a try.
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stevetrac
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March 25, 2014, 02:46:09 PM |
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hi i'm new to all this and a bit thick ,i've downloaded the wallet but how do i get a address to link for investing if i need a password to open it thats not given until launch
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MineP.it
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March 25, 2014, 03:46:37 PM |
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Hey guys, we're late to the party but we've setup a pool for this coin. Pool page is here: https://www.minep.it/pools/32/I'll be posting some 0% fee promo codes shortly.
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fabula
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March 25, 2014, 04:01:37 PM |
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Price Valuation Phased engine is tested and deployed successfully. We are all set for the launch.
Be careful of you announcement,specially that STANDARDCOIN is permanently rising and never drop. 2 weeks ago another crypto call AIRCOIN make same announcement saying AIRCOIN is stable and rising exchange rate-5% profit every week. Look what's happen till day 1 in exchange and all poor people who trusted the dev. https://www.poloniex.com/exchange/btc_airAre you dev anonymous or can you post your real name and facebook profile as well?
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scam_exposer
Sr. Member
Offline
Activity: 252
Merit: 250
Keeping People Honest - Don't Get Scammed
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March 25, 2014, 04:15:15 PM |
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SCAM Alert!
SCAM SCAM SCAM!
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99.999999999999999999999999999999999999999999999999% of all ICO's are SCAMS
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fabula
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March 25, 2014, 04:23:57 PM |
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SCAM Alert! SCAM SCAM SCAM!
I have create a new coin that never drop, just rise over market! And also found 1 million dollar under my bed that i want share with all of you. just give me 1 btc for details. LLLOOOLLL
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