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Revelation
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July 01, 2014, 03:17:44 PM |
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Does anyone realize this about the coin?
The IPO is going to suppress the coin price to 750 satoshi until its all gone.
750 satoshi x 150 coins (block reward) = $0.75 per block (compared to say RAZOR at $50 a block)
It's going to be cheaper to buy into the IPO than to mine. As a matter of fact, you'll likely LOSE money on electricity to mine this coin until the entire IPO is bought.
Mined earnings are contingent on the entire IPO being bought/sold, seems like a scam coin to me.
The goal is to have the IPO distributed a few hours after the launch of the coin. This will dry up supply and drive demand. It's a different model, we will see! Do you even understand how the market works? You will dump the IPO coins on the market + miners will dump. There is no support here, pure dumping. Yep I understand how it works. If there is market interest in the coin, buy orders will support the coin at 750 satoshis. We will place the entire amount at a sell order of 750 sats. If the market is interested, they will buy. What will you do with the IPO proceeds? Will there be any transparency of those bitcoins? |
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anarchyx914
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July 01, 2014, 03:18:45 PM |
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Does anyone realize this about the coin?
The IPO is going to suppress the coin price to 750 satoshi until its all gone.
750 satoshi x 150 coins (block reward) = $0.75 per block (compared to say RAZOR at $50 a block)
It's going to be cheaper to buy into the IPO than to mine. As a matter of fact, you'll likely LOSE money on electricity to mine this coin until the entire IPO is bought.
Mined earnings are contingent on the entire IPO being bought/sold, seems like a scam coin to me.
The goal is to have the IPO distributed a few hours after the launch of the coin. This will dry up supply and drive demand. It's a different model, we will see! That's a big risk and gamble for investors, especially when you have all the cards stacked in your favor. You make BTC, and they have the big potential to get screwed. The coin doesn't offer any innovation, unique features, or anything else to inspire someone to invest long term in the coin. It seems like a short sell, and there is no roadmap, no whitepaper, or anything to show the public what you are doing with the 26 BTC from IPO. I'm pissed because I was excited for the launch, but didn't read into the structure and do some simple math  26 BTC |
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SquareDev (OP)
Newbie
 Offline
Activity: 14
Merit: 0
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July 01, 2014, 03:20:12 PM |
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Does anyone realize this about the coin?
The IPO is going to suppress the coin price to 750 satoshi until its all gone.
750 satoshi x 150 coins (block reward) = $0.75 per block (compared to say RAZOR at $50 a block)
It's going to be cheaper to buy into the IPO than to mine. As a matter of fact, you'll likely LOSE money on electricity to mine this coin until the entire IPO is bought.
Mined earnings are contingent on the entire IPO being bought/sold, seems like a scam coin to me.
The goal is to have the IPO distributed a few hours after the launch of the coin. This will dry up supply and drive demand. It's a different model, we will see! Do you even understand how the market works? You will dump the IPO coins on the market + miners will dump. There is no support here, pure dumping. Yep I understand how it works. If there is market interest in the coin, buy orders will support the coin at 750 satoshis. We will place the entire amount at a sell order of 750 sats. If the market is interested, they will buy. What will you do with the IPO proceeds? Will there be any transparency of those bitcoins? Hard-wallet, professional website development (not a clone), mobile wallets etc. We accept solicitation to our email for those services and many more. We want to pay for quality development. |
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Revelation
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July 01, 2014, 03:26:45 PM |
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Does anyone realize this about the coin?
The IPO is going to suppress the coin price to 750 satoshi until its all gone.
750 satoshi x 150 coins (block reward) = $0.75 per block (compared to say RAZOR at $50 a block)
It's going to be cheaper to buy into the IPO than to mine. As a matter of fact, you'll likely LOSE money on electricity to mine this coin until the entire IPO is bought.
Mined earnings are contingent on the entire IPO being bought/sold, seems like a scam coin to me.
The goal is to have the IPO distributed a few hours after the launch of the coin. This will dry up supply and drive demand. It's a different model, we will see! Do you even understand how the market works? You will dump the IPO coins on the market + miners will dump. There is no support here, pure dumping. Yep I understand how it works. If there is market interest in the coin, buy orders will support the coin at 750 satoshis. We will place the entire amount at a sell order of 750 sats. If the market is interested, they will buy. What will you do with the IPO proceeds? Will there be any transparency of those bitcoins? Hard-wallet, professional website development (not a clone), mobile wallets etc. We accept solicitation to our email for those services and many more. We want to pay for quality development. Many coins have this without the IPO and/or premine. This is just a lame excuse. 26btc for those things - hmmm, please hire me, you must be paying some hefty salaries ))) |
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rugrats
Sr. Member
Offline
Activity: 700
Merit: 250
Leading Crypto Sports Betting & Casino Platform
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July 01, 2014, 03:29:38 PM |
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Does anyone realize this about the coin?
The IPO is going to suppress the coin price to 750 satoshi until its all gone.
750 satoshi x 150 coins (block reward) = $0.75 per block (compared to say RAZOR at $50 a block)
It's going to be cheaper to buy into the IPO than to mine. As a matter of fact, you'll likely LOSE money on electricity to mine this coin until the entire IPO is bought.
Mined earnings are contingent on the entire IPO being bought/sold, seems like a scam coin to me.
The goal is to have the IPO distributed a few hours after the launch of the coin. This will dry up supply and drive demand. It's a different model, we will see! Do you even understand how the market works? You will dump the IPO coins on the market + miners will dump. There is no support here, pure dumping. Yep I understand how it works. If there is market interest in the coin, buy orders will support the coin at 750 satoshis. We will place the entire amount at a sell order of 750 sats. If the market is interested, they will buy. What is the incentive for miners then? 70% of coins are budgeted for the 'IPCO', which means the market will be flooded with 3.5 million coins at 750 sats. Miners will have to compete with a 70% premine. I expect the hashrate will be really low for this - not good for a new coin, because hashrate is one of the key indicators for serious investors and whales. |
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rbauer85
Sr. Member
Offline
Activity: 462
Merit: 250
CAT.EX Exchange
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July 01, 2014, 03:34:48 PM |
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I will not be mining this coin.
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SquareDev (OP)
Newbie
Offline
Activity: 14
Merit: 0
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July 01, 2014, 03:35:14 PM |
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Does anyone realize this about the coin?
The IPO is going to suppress the coin price to 750 satoshi until its all gone.
750 satoshi x 150 coins (block reward) = $0.75 per block (compared to say RAZOR at $50 a block)
It's going to be cheaper to buy into the IPO than to mine. As a matter of fact, you'll likely LOSE money on electricity to mine this coin until the entire IPO is bought.
Mined earnings are contingent on the entire IPO being bought/sold, seems like a scam coin to me.
The goal is to have the IPO distributed a few hours after the launch of the coin. This will dry up supply and drive demand. It's a different model, we will see! Do you even understand how the market works? You will dump the IPO coins on the market + miners will dump. There is no support here, pure dumping. Yep I understand how it works. If there is market interest in the coin, buy orders will support the coin at 750 satoshis. We will place the entire amount at a sell order of 750 sats. If the market is interested, they will buy. What will you do with the IPO proceeds? Will there be any transparency of those bitcoins? Hard-wallet, professional website development (not a clone), mobile wallets etc. We accept solicitation to our email for those services and many more. We want to pay for quality development. Many coins have this without the IPO and/or premine. This is just a lame excuse. 26btc for those things - hmmm, please hire me, you must be paying some hefty salaries ))) If your qualified and can produce a quality product, please contact us at squarecoin@outlook.comMake sure to be watching twitter https://twitter.com/squarecoindev and IRC https://kiwiirc.com/client/irc.freenode.net/squarecoin for the wallet password at launch! |
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Revelation
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July 01, 2014, 03:42:17 PM |
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Does anyone realize this about the coin?
The IPO is going to suppress the coin price to 750 satoshi until its all gone.
750 satoshi x 150 coins (block reward) = $0.75 per block (compared to say RAZOR at $50 a block)
It's going to be cheaper to buy into the IPO than to mine. As a matter of fact, you'll likely LOSE money on electricity to mine this coin until the entire IPO is bought.
Mined earnings are contingent on the entire IPO being bought/sold, seems like a scam coin to me.
The goal is to have the IPO distributed a few hours after the launch of the coin. This will dry up supply and drive demand. It's a different model, we will see! Do you even understand how the market works? You will dump the IPO coins on the market + miners will dump. There is no support here, pure dumping. Yep I understand how it works. If there is market interest in the coin, buy orders will support the coin at 750 satoshis. We will place the entire amount at a sell order of 750 sats. If the market is interested, they will buy. What is the incentive for miners then? 70% of coins are budgeted for the 'IPCO', which means the market will be flooded with 3.5 million coins at 750 sats. Miners will have to compete with a 70% premine. I expect the hashrate will be really low for this - not good for a new coin, because hashrate is one of the key indicators for serious investors and whales. wow, this is really ridiculous. Why has Bittrex agreed to list this scam? The guy is selling 3.5mln coins out of total 5mln. It is better to have these 3.5mln as a premine, at least there is some chance that the dev will have some reasons to support the coin, but man, he is selling almost all of the supply on the market and people are ok with this? |
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Gibcity
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July 01, 2014, 03:48:01 PM |
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Does anyone realize this about the coin?
The IPO is going to suppress the coin price to 750 satoshi until its all gone.
750 satoshi x 150 coins (block reward) = $0.75 per block (compared to say RAZOR at $50 a block)
It's going to be cheaper to buy into the IPO than to mine. As a matter of fact, you'll likely LOSE money on electricity to mine this coin until the entire IPO is bought.
Mined earnings are contingent on the entire IPO being bought/sold, seems like a scam coin to me.
The goal is to have the IPO distributed a few hours after the launch of the coin. This will dry up supply and drive demand. It's a different model, we will see! Do you even understand how the market works? You will dump the IPO coins on the market + miners will dump. There is no support here, pure dumping. Yep I understand how it works. If there is market interest in the coin, buy orders will support the coin at 750 satoshis. We will place the entire amount at a sell order of 750 sats. If the market is interested, they will buy. What is the incentive for miners then? 70% of coins are budgeted for the 'IPCO', which means the market will be flooded with 3.5 million coins at 750 sats. Miners will have to compete with a 70% premine. I expect the hashrate will be really low for this - not good for a new coin, because hashrate is one of the key indicators for serious investors and whales. LOL like sync?  |
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SquareDev (OP)
Newbie
Offline
Activity: 14
Merit: 0
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July 01, 2014, 03:59:50 PM |
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Password: relax5542
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czvezda
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July 01, 2014, 04:03:24 PM |
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nodes?
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becausePool
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July 01, 2014, 04:06:36 PM |
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https://becausepool.com 1% fee on all coins. Custom MPOS with single account for all coins. NOMP stratum servers. Follow us on twitter @becausePool for updates during launches
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mycryptocoin
Full Member
Offline
Activity: 380
Merit: 100
Community Manager - Blockchain analyst
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July 01, 2014, 04:06:53 PM |
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WARNING: CRAPCOIN.
Coin compiles as litecoind. Only newbie devs do this kind of stuff.
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ocminer
Legendary
Offline
Activity: 2660
Merit: 1240
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July 01, 2014, 04:07:26 PM |
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you're really doing good for the last launches... very quick ! nice  |
suprnova pools - reliable mining pools - #suprnova on freenet https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools |
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cryptoday.info
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July 01, 2014, 04:08:00 PM |
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 Click here and join us!Prop 1% VarDiffDedicated Server EU(Amsterdam, ams-ix)DDos protectedWe are up and running !!!GO GO GO |
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lulutis2000
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July 01, 2014, 04:10:23 PM |
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I'm in a different block...i forked the coin |
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