onyx was dumped by the dev.

[UserAlter]

seedtrue
Sr. Member
****
   Re: [ONYX] Onyxcoin : X13 : Long PoW Phase! Fixed Rewards! Ninja LAUNCH! *a new gem*
July 30, 2014, 11:53:49 AM
 #8
you premined 15,000 blocks?
Pass


seedtrue
July 30, 2014, 12:05:14 PM
What I mean is the equivalent of 15,000 blocks  10 coins per block * 15,000 = 150,000(the 1% premine) = about 10 days worth of mining


shwin
July 30, 2014, 12:13:05 PM
yes but you have the 150 000 coin right NOW and you can dump RIGHT NOW.

thquan819
Jr. Member
July 30, 2014, 01:04:08 PM
1% premine of 2.8 year  Huh.  1% premine = 150,000 ONYX = 15,000 block ( block rewards: 10 ONYX) = 11 day all mining  LOLLLLLLLLL Huh Huh
DO NOT MINING SHIT COIN,  I'M OUT

unlock.mk
July 30, 2014, 01:17:35 PM
 #44
Take a fact that normal miner can mine at most 3 coins at days and you have ready 150,000 ? pffff

kryptologist
July 30, 2014, 04:43:33 PM
 #88
Just a heads up, this dev will have over 50% of all coins even after 10 days of mining, slowly diminishing to 1% over 2.8 years. Only after like 1000 days will the premine be equal to 1%. Dev premine 150,000 coins.. you only get 10 coins per block.

UserAlter
July 30, 2014, 04:44:54 PM
Delete message  #89
Premine 150,000 coins  Roll Eyes

Total bounties 2,950 coins  Roll Eyes

Block rewards 10 coins  Roll Eyes

Pointing all of my miners!!!  Grin

Thank You Very Much for fair launch and great coin!  Tongue

ocminer
July 30, 2014, 06:24:23 PM
 #104
Hey Carsen how are you doing ? Smiley

Next coin already  ?



--------These were only few posts from original OP though more than enough red flags!---------

 

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[cecilbdemented]

[Rebound Effect]

I think escrowed premines don't work because the people escrowing can take it.  They can also stop the dev from using it.  He who hold the premine controls the fate of the coin.  

Foundation wallets limit the mount of coin the dev receives over time forcing them to keep support the coin.  As you can see not many devs have use it.  A few that did had very good results.  But they were devs who wanted to support their coin not run away.

Premine should be shared among different escrows and new reputable escrows are required. we can create new kind of rewarded jobs. And if u are following the bitmark project, reputation will be more and more important and there will be rewarded. yeh, there will be a risk but maybe do you invest all yoyr money in an unique coin? i think not. the same for dev. I prefer to lose the 10% of the premine, if one of the escrows runs away, rather than lose all my investment when the dev runs to bahamas. we MUST to find a solution for to keep alive this business.

[UGETHIT]

I think escrowed premines don't work because the people escrowing can take it.  They can also stop the dev from using it.  He who hold the premine controls the fate of the coin.  

Foundation wallets limit the mount of coin the dev receives over time forcing them to keep support the coin.  As you can see not many devs have use it.  A few that did had very good results.  But they were devs who wanted to support their coin not run away.

Premine should be shared among different escrows and new reputable escrows are required. we can create new kind of rewarded jobs. And if u are following the bitmark project, reputation will be more and more important and there will be rewarded. yeh, there will be a risk but maybe do you invest all yoyr money in an unique coin? i think not. the same for dev. I prefer to lose the 10% of the premine, if one of the escrows runs away, rather than lose all my investment when the dev runs to bahamas. we MUST to find a solution for to keep alive this business.

I just offered 2 reasonable solutions donation model worked for cloak they got 93 btc worth of cloak donated. And foundation wallets that force devs to keep supporting the coin.  Fuck escrows.  I wouldn't trust them more then I trust a dev and neither should anyone else.  People sell out for money everyone day.  No one can be trusted.  That's why the 2 solutions I gave are a good way to force shitcoin devs to step up their game and make better coins while supporting them long term.

[Pebbelzz]

I think escrowed premines don't work because the people escrowing can take it.  They can also stop the dev from using it.  He who hold the premine controls the fate of the coin.  

Foundation wallets limit the mount of coin the dev receives over time forcing them to keep supporting the coin.  As you can see not many devs have use it.  A few that did had very good results.  But they were devs who wanted to support their coin not run away.

Donations is another thing that can work.  Cloak had like 36000 coin in donations I heard.  That's like 93 btc at the current price.

Soooo the dev runs off and dumps the premine you've got 100% chance of a loss

Use a reputable escrow that is in the hands of the community, that sounds a bit less than 100%.

Better yet since you feel its a bad idea, guess what you don't have to put anything into the coins that use the escrow

[SecondsOld]

I think escrowed premines don't work because the people escrowing can take it.  They can also stop the dev from using it.  He who hold the premine controls the fate of the coin.  

Foundation wallets limit the mount of coin the dev receives over time forcing them to keep supporting the coin.  As you can see not many devs have use it.  A few that did had very good results.  But they were devs who wanted to support their coin not run away.

Donations is another thing that can work.  Cloak had like 36000 coin in donations I heard.  That's like 93 btc at the current price.

Soooo the dev runs off and dumps the premine you've got 100% chance of a loss

Use a reputable escrow that is in the hands of the community, that sounds a bit less than 100%.

Better yet since you feel its a bad idea, guess what you don't have to put anything into the coins that use the escrow

To further this point, there have now been countless successful escrows for IPO's.  How many times has a trusted escrow run off the with IPO funds?  I can't remember a case where this has ever happened.  How many times has a dev run off with a premine?  Definitely not the same scenario.

[HulkingTauren]

What else do you guys expect?

Name it as ONYX style.

Include the following in your checklist for scam coin check before mining/buying and move on.

- Not ONYX style

[barryzand]

 

[UGETHIT]

I think escrowed premines don't work because the people escrowing can take it.  They can also stop the dev from using it.  He who hold the premine controls the fate of the coin.  

Foundation wallets limit the mount of coin the dev receives over time forcing them to keep supporting the coin.  As you can see not many devs have use it.  A few that did had very good results.  But they were devs who wanted to support their coin not run away.

Donations is another thing that can work.  Cloak had like 36000 coin in donations I heard.  That's like 93 btc at the current price.

Soooo the dev runs off and dumps the premine you've got 100% chance of a loss

Use a reputable escrow that is in the hands of the community, that sounds a bit less than 100%.

Better yet since you feel its a bad idea, guess what you don't have to put anything into the coins that use the escrow

To further this point, there have now been countless successful escrows for IPO's.  How many times has a trusted escrow run off the with IPO funds?  I can't remember a case where this has ever happened.  How many times has a dev run off with a premine?  Definitely not the same scenario.

Escrows are just people lets call them what they are.  They also are not under any governing body that can stop them from stealing a premine.   So why on earth would a dev trust them?  Devs make coins guys.  They control the premines so they can spend them as they see fit.  The solution is end premines.  Use donation models and foundation models.  It forces devs to work instead of scam.

[deevilknight]

Another scam     So what to mine this days? Old coins are not profitable anymore. Every new coin is a scam coin...looks like that days of mining is over... 

[HulkingTauren]

Another scam     So what to mine this days? Old coins are not profitable anymore. Every new coin is a scam coin...looks like that days of mining is over... 

Reject the scam coins, don't buy them, don't mine them,

 and you will see good coins popping out.

[cassius69]

Another scam     So what to mine this days? Old coins are not profitable anymore. Every new coin is a scam coin...looks like that days of mining is over... 

Reject the scam coins, don't buy them, don't mine them,

 and you will see good coins popping out.

exactly.

quit accepting this shit as reality and demand better.

then you will get it.

[UGETHIT]

Another scam    So what to mine this days? Old coins are not profitable anymore. Every new coin is a scam coin...looks like that days of mining is over...  

Reject the scam coins, don't buy them, don't mine them,

 and you will see good coins popping out.

Right here is the truth guys force these shitcoin devs to make better coins or die.  This is the only message I have been trying to send.  If they make some better coins miners can profit also instead of just scammers and scamming devs.

[Rebound Effect]

I think escrowed premines don't work because the people escrowing can take it.  They can also stop the dev from using it.  He who hold the premine controls the fate of the coin.  

Foundation wallets limit the mount of coin the dev receives over time forcing them to keep supporting the coin.  As you can see not many devs have use it.  A few that did had very good results.  But they were devs who wanted to support their coin not run away.

Donations is another thing that can work.  Cloak had like 36000 coin in donations I heard.  That's like 93 btc at the current price.

Soooo the dev runs off and dumps the premine you've got 100% chance of a loss

Use a reputable escrow that is in the hands of the community, that sounds a bit less than 100%.

Better yet since you feel its a bad idea, guess what you don't have to put anything into the coins that use the escrow

To further this point, there have now been countless successful escrows for IPO's.  How many times has a trusted escrow run off the with IPO funds?  I can't remember a case where this has ever happened.  How many times has a dev run off with a premine?  Definitely not the same scenario.

Escrows are just people lets call them what they are.  They also are not under any governing body that can stop them from stealing a premine.   So why on earth would a dev trust them?  Devs make coins guys.  They control the premines so they can spend them as they see fit.  The solution is end premines.  Use donation models and foundation models.  It forces devs to work instead of scam.

your solution needs a competent staff of members that have to check the code to avoid hidden premine

[tylerderden]

you know this is pissing me off, i mine good coins with no bulshit

[tylerderden]

go to the irc and bring up legit coins

[UGETHIT]

go to the irc and bring up legit coins they either laugh or ignor you, its fucking sickening. what a bunch of fucking dirtbags

If we stop supporting shitcoins devs will stop making them.  The best thing to do is dime shitcoins out so bad that all investors avoid them.  This will force devs to make better coins.  YAY we all profit.

[ICO Dude]

how much did the dev made? By the looks of bettrex charts its like 1.6 btc?

Also was it a hidden premine or an obvious one?

[UGETHIT]

how much did the dev made? By the looks of bettrex charts its like 1.6 btc?

Also was it a hidden premine or an obvious one?

1btc and no he dumped 27% ish  of his huge premine.  There was no hidden premine.  That's why I can't explain why bittrex would add a coin that clearly had bad specs like this.  It is kinda dumb on their part.  They say they add coins the community wants but if they read threads they would see the community didn't want it a few people did.  Also adding coins with a modded thread shouldn't be done by any exchange.  How can an exchange know what the community wants if it is being deleted?

[HulkingTauren]

how much did the dev made? By the looks of bettrex charts its like 1.6 btc?

Also was it a hidden premine or an obvious one?

He might spend 1 btc to hire someone to code the coin, so 60% return