Vertcoin holders! almost 20% of your coins were mined in the first 30 hours

[testigodehumanidad]

Hi,
It is very often in the coins live that a big part of the coin supply is mined in the first several hours.

don't you see that as suspect?

[missdo]

Hi,
It is very often in the coins live that a big part of the coin supply is mined in the first several hours.

don't you see that as suspect?

It's often, however, normally it's different miners doing the job, not one miner monopolizing all the outcome.

Here is the detailed explanation how Vertcoin's instamine was mined with a hundred of instances launched 38 minutes after the coin went live and how the rewards were consolidated into few accounts. Nobody else could do that setup but devs.

https://bitcointalk.org/index.php?topic=576107.msg6397907#msg6397907

[othe]

https://bitcointalk.org/index.php?topic=404364.msg6411018#msg6411018

Nuff said.

PS: You can just clone a cloud instance, takes 5 seconds mr. smart.

[missdo]

https://bitcointalk.org/index.php?topic=404364.msg6411018#msg6411018
Nuff said.
PS: You can just clone a cloud instance, takes 5 seconds mr. smart.

Have you ever tried to do it yourself?
What cloud service did you use?
How the setup was done?
How long did each step take?

[Spoetnik]

Vertcoin was no more worse than any other coin..

[KingSchultz]

Vertcoin was no more worse than any other coin..

Yeah, this is kinda like looking back in history and damning people based on modern morals and laws.

Almost all the older coins launched like this back then. Super-controlled, difficulty-retargetted launches hadn't really been thought of too much. They're a product of multiple coin launches every day with thousands of fucking coins overall. Back then, a coin launch was much more rare so pretty much everyone interested was in on it anyway, making it fair at the time.

[othe]

https://bitcointalk.org/index.php?topic=404364.msg6411018#msg6411018
Nuff said.
PS: You can just clone a cloud instance, takes 5 seconds mr. smart.

Have you ever tried to do it yourself?
What cloud service did you use?
How the setup was done?
How long did each step take?

Amazon......... u can save ur image and clone it.
A 32 cpu core server costs around 30 cents as a spot instance it seems atm, select ubuntu as the image or whatever u want, copy paste some commands and clone the instance 10x. Done.

Or you just use a preconfigured image...or u can even publish the image for others.

See this guide for dogecoin for example: http://dogeguide.com/

[Zzzack]

Vertcoin was no more worse than any other coin..

Yeah it's just as bad as doge and litecoin. I much prefer CPU coin and sha256 coins because they aren't instamined like this

[othe]

VTC was only cpu mineable at that time. Thx for your input. Makes no sense at all what you say.