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Author Topic: Warning - Ubicoin using stolen content from Bitcoin  (Read 172 times)
Jawhead999
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May 12, 2020, 05:49:09 AM
Merited by Sterbens (2)
 #1

*NOT A SCAM, BUT JUST A WARNING

What Happened: Using stolen content

Profile Link : https://bitcointalk.org/index.php?topic=5247767.0
Archived : http://archive.vn/yUYPG
Announced by : https://bitcointalk.org/index.php?action=profile;u=881806
Archived : http://archive.vn/cpDsp

UBICOIN
SON OF YOUR FATHER BITCOIN

What is UBICOIN ?
Ubicoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer ubicoin network without the need for intermediaries.
Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
The ubicoin blockchain is a public ledger that records ubicoin transactions. It is implemented as a chain of blocks, each block containing a hash of the previous block up to the genesis block of the chain. A network of communicating nodes running bitcoin software maintains the blockchain. Transactions of the form payer X sends Y Ubicoins to payee Z are broadcast to this network using readily available software applications.

Decentralization
Ubicoin is decentralized.
  • Ubicoin does not have a central authority.
  • There is no central server; the Ubicoin network is peer-to-peer.
  • There is no central storage; the Ubicoin ledger is distributed.
  • The ledger is public; anybody can store it on their computer.
  • There is no single administrator, the ledger is maintained by a network of equally privileged miners. Anybody can become a miner.
  • The additions to the ledger are maintained through competition. Until a new block is added to the ledger, it is not known which miner will create the block.
  • The issuance of Ubicoins is decentralized. They are issued as a reward for the creation of a new block.
  • Anybody can create a new Ubicoin address (a Ubicoin counterpart of a bank account) without needing any approval.
  • Anybody can send a transaction to the network without needing any approval; the network merely confirms that the transaction is legitimate.


Quote
Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its source code was released as open-source software. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Research produced by University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
-snip-

Blockchain
For broader coverage of this topic, see Blockchain.

The bitcoin blockchain is a public ledger that records bitcoin transactions. It is implemented as a chain of blocks, each block containing a hash of the previous block up to the genesis block[d] of the chain. A network of communicating nodes running bitcoin software maintains the blockchain. Transactions of the form payer X sends Y bitcoins to payee Z are broadcast to this network using readily available software applications.
-snip-

Decentralization
Bitcoin is decentralized:

Bitcoin does not have a central authority.
There is no central server; the bitcoin network is peer-to-peer.
There is no central storage; the bitcoin ledger is distributed.
The ledger is public; anybody can store it on their computer.
There is no single administrator; the ledger is maintained by a network of equally privileged miners.
Anybody can become a miner.
The additions to the ledger are maintained through competition. Until a new block is added to the ledger, it is not known which miner will create the block.
The issuance of
bitcoins is decentralized. They are issued as a reward for the creation of a new block.
Anybody can create a new
bitcoin address (a bitcoin counterpart of a bank account) without needing any approval.
Anybody can send a transaction to the network without needing any approval; the network merely confirms that the transaction is legitimate

Source : https://en.wikipedia.org/wiki/Bitcoin


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1627174696
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Reply with quote  #2

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Dynamo13D
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May 12, 2020, 09:40:52 AM
 #2

But what is the problem btw, becouse the coin was based on ltc and btc, same definition

if you're asking about the text was using wikipedia , of cours yes
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May 12, 2020, 10:54:29 AM
 #3

This is plagiarism, and the coin is not a likely scam but a 150% definite scam.

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
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Dynamo13D
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May 12, 2020, 11:09:04 AM
 #4

Maybe i need to put the wikipedia source on the post sir,
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May 12, 2020, 11:18:50 AM
 #5

Maybe i need to put the wikipedia source on the post sir,
What do you mean, "you" need to do this? Did you create an alt to defend this scam project?

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
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FatFork
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May 12, 2020, 11:54:11 AM
 #6

Maybe i need to put the wikipedia source on the post sir,


Maybe you need to learn what plagiarism means and spend some time familiarizing yourself with the forum rules?

  • Plagiarism: If you copy some text from somewhere, then you should have a good reason for it, and you must link to the source. Doing otherwise is plagiarism. Changing a few words around doesn't matter. If we find that you plagiarized, then you absolutely will be permanently banned, even if we find it years after you did it.

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Dynamo13D
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May 12, 2020, 12:57:30 PM
Last edit: May 12, 2020, 01:57:48 PM by Dynamo13D
 #7

Okay, I Will remove it after my friend online.
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