BaseCrypt (OP)
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May 07, 2014, 08:14:49 PM Last edit: May 08, 2014, 04:01:42 PM by BaseCrypt |
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Scam IPO with incompetent developer
How could we scam? Pawncoin is trying to do this that's why they developed an exchange that will have a fixed rate market. but i dont think yours will work because it's a bitcoin clone not 2nd gen coin. https://bitcointalk.org/index.php?topic=508824.0Pawncoin is not going for basevalues!
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BaseCrypt (OP)
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May 08, 2014, 07:57:53 AM |
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Bounty for new logo up!
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Shiboshiwoofamoto
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May 08, 2014, 12:16:13 PM |
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Looks interesting, definitely something to look out for, I hope you guys get the attention you deserve.
Guys, read the post! They're scam-proofing the concept by giving all power to exchanges!
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BaseCrypt (OP)
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May 08, 2014, 04:05:41 PM |
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Looks interesting, definitely something to look out for, I hope you guys get the attention you deserve.
Guys, read the post! They're scam-proofing the concept by giving all power to exchanges!
Thanks a lot, we're in talks with exchanges!
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Kaisey Stephensss
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May 08, 2014, 04:06:39 PM |
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Seems interesting. in boat!
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BaseCrypt (OP)
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May 08, 2014, 05:34:41 PM |
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Seems interesting. in boat!
Great! We~re working on getting our post design and social media running even better, we're making a subreddit and closing down our FB as it didn't gain attention, we now have 5K plus twitter followers!
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BaseCrypt (OP)
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May 09, 2014, 08:02:00 AM |
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Bounty for new logo up!
Mining concept coming tonight, we can make mining any coin more profitable.
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mackj
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The mysterious
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May 09, 2014, 08:10:42 AM |
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The forum is that developers? There are some potential
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BaseCrypt (OP)
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May 09, 2014, 08:33:50 AM |
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The forum is that developers? There are some potential
Yes, we are the developers (along with a main coin creator) subreddit coming soon!
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claycoins
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May 09, 2014, 08:39:22 AM |
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Anything that says guaranteed profit is a scam/lie
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BaseCrypt (OP)
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May 09, 2014, 08:47:00 AM |
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Anything that says guaranteed profit is a scam/lie
Would you mind explaining why? Cryptocurrencies have a unique arbitrary value, the demand that is added can make prices rise. Could you please also explain how we could scam anyone? Our concept of handing distribution to exchanges seems like good concept to us, what can we do to make it better?
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claycoins
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May 09, 2014, 09:04:54 AM |
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well you can't guarantee the exchange will not get hacked/shutdown/steal for a start. You cannot guarantee rising demand. What are you going to do to make this coin so special that more and more people will want to buy it?
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BaseCrypt (OP)
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May 09, 2014, 09:11:48 AM |
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well you can't guarantee the exchange will not get hacked/shutdown/steal for a start. You cannot guarantee rising demand. What are you going to do to make this coin so special that more and more people will want to buy it?
That's the same for every coin though, an this scenario is not at all scamming. We will post our mining conversion system this afternoon, essentially we want to get instant automated trading going. Demand being 0 is extremely unlikely, and even then, nobody makes a loss. The 1% PoS creates incentive to buy and hold. And I still don't get how we, the developers could scam anyone? We are not keeping any of the premine. Why not ask those questions befor calling it a scam?
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sxh
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May 09, 2014, 09:17:37 AM |
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Great program, but unfortunately is an impossible task.
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BaseCrypt (OP)
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May 09, 2014, 04:11:16 PM |
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Great program, but unfortunately is an impossible task.
Thanks, and why?
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BaseCrypt (OP)
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May 09, 2014, 08:39:40 PM |
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A preview of our mining concept.
People give their specs on BaseCrypt.org (OS, GPU, CPU), and we generate a btch file for CGminer and generate a direct download link. The user also signs up for an exchange first, this exchange giv es the user a unique code wqhich includes their addresses for all their exchange wallets. The person will mine a coin, like LTC via a pool that pays out via address every few hours, these LTC are converted to BBTC on the exchange automatically, after mining for some time, the user can be sure that their mining was atleast as efficient as LTC, and very likely even more. This also generates a lot of volume for the coin, and lets users mine more easily.
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BaseCrypt (OP)
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May 09, 2014, 10:43:47 PM |
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A preview of our mining concept.
People give their specs on BaseCrypt.org (OS, GPU, CPU), and we generate a btch file for CGminer and generate a direct download link. The user also signs up for an exchange first, this exchange giv es the user a unique code wqhich includes their addresses for all their exchange wallets. The person will mine a coin, like LTC via a pool that pays out via address every few hours, these LTC are converted to BBTC on the exchange automatically, after mining for some time, the user can be sure that their mining was atleast as efficient as LTC, and very likely even more. This also generates a lot of volume for the coin, and lets users mine more easily.
We're working on it, but are still trying to get on exchange.
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BaseCrypt (OP)
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May 09, 2014, 11:39:45 PM |
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Extending our scope to certified exchanges!
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BaseCrypt (OP)
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May 10, 2014, 03:45:44 PM |
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Extending our scope to certified exchanges!
We're also looking at potential escrow options and the like, we're also down for community ideas on how to make the distribution trustworthy!
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doremi
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May 11, 2014, 01:35:18 PM |
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the funny thing is he not even dare to sat that 'it is an IPO' lol
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