not hearing anything us "older" users here didn't know already.. but good job guy
a key aspect new lippy brats don't realize is that this coin stuff has been an evolution
and you can not condemn a guy for not making a perfect coin way back in time.. it's a learning process making coins !
I still have some Cryptobits which was made by request of a well known dev (for who exactly i don't know) but it never took off..
point being is CYB had some newer features to it no other coin had..i am not an expert on it but i was told by the guy that made it.
The way it was made was to be more resistant to flash mining i think sort of.
I can't recall what the dev said to me word for word about it and i don't want to get it wrong though lol
IS the intentions and actual code of a coin designed and intended from the start to be unfair in some way ? that is what we need to ask !
Which brings me back to me previous point.. HISTORY and Evolution
It was common for coins to be made way back that were easy to flash mine and have large rewards put out in a short time.
The typical new coin would get an average response from the public and by that i mean how much hash power we all put into the new coin..
THEN Take something like Prime coin or Quark coin and we had some new coin that was seriously different than the usual scrypt algo clones we got..
This will cause a sudden and mostly unexpected massive surge of hash power to be put on these new innovative coins !
And i really don't think the Quark dev or Prime coin dev etc fully realized how popular and how fast their coin would get
and they probably underestimated how to modify the coins block rewards to pay out more at a gradual slower pace..
Users in crypto are ALWAYS trying to find a way to game the system.. and who is to blame for that ?
In quark's case it was us the users !
Quark coin exploded in popularity over night and we all of sudden had a new scene popping up at that time taking off..
Mining Server rentals.
This was never much of a thing before Prime or Quark etc..
But since those two coins were CPU mined only it spawned a new industry.. The CPU Botnet ..and people renting them.
I can't even think of another coin off hand back then that was CPU mined only.. only Prime coin and Quark come to mind.
So think about it.. that is the holy grail of a new coin.. a super "feature" of sorts LOL
It attracted a crowd on launch and was hit as hard as we possibly could.
So did that result in too many coins being mined ? maybe a little i don't know.. ask the Quark dev, it was his vision and goals for initial distribution.
I do know that Securecoin was soon after put out mimic'ing Bitcoins block reward distribution model / block reward etc
and that too got hit hard by us all with Botnets etc.. and those botnets to this day are STILL pounding SRC hard LOL
Back then when Quark came out i was making a few coins but the difficulty rocketed up so fast i was soon unable to even get single share submitted on a pool.
BOTNETS had taken over squeezing us little guys out..
I soon went to Secure coin and the same thing happened.
So i was an early investor and miner (about 2 weeks after release i think)
and made little and i also sold early too ! ..long before Max Keiser came into the picture or noobs flooded us with bs and drama and fud'ing
Anyway i think Quark and Secure coin were released fairly ..i was here on day one for both.
And not one single person on hundreds of forum pages complained about the coin(s) or on chat boxs etc.i never seen a complaint until December 2013 roughly when noobs showed up trying to FUD quark.. AFTER the M. Keiser drama.
saying it was flashed mined and unfair or it was premined (a bold face lie)
It kind of was flash mined but all coins are and the top 3 most innovative and popular coins are going to be hit harder than normal.. it's natural.
What happened ? were coins unfairly distributed ? i think not.. most of us got in early and dumped early..
Quarks prices were bad for ages and it rocketed up in value with every other coin NOV 2013 when noobs rushed in.
They also got fed some drama from Max Keiser hyping it and that bloated the value up.. those guys then either made money on the hype or sold later at a loss.
and are NOW FUD'ing the coin and making shit up about it.. probably because they sold at a loss and got swept up in hype. (sorry but learn to trade morons)
There has a been a lot of attacks on the reputation of this coin
unfairly !
There is also nothing wrong with Max Keiser hyping the coin or Bill taking donations or what ever..
If there was a shred of proof in any way shape or form of any immoral or wrong doing with any of these guys i would say so in a hear beat !
And everyone in Crypto knows it too LOL
I would take no prisoners.. and i would trash the damn coin for eternity.. whether i had some of them or not..
Facts are facts !There is a lot more to the story than a few lines of source code.
And i will stress again..
why is it after maybe a few thousand comments not one single guy was found to be crying scam or unfair before Dec 2013 roughly ?
Why ? Because there was nothing to complain about period .
