fairpumps.net - Pump Tuesday at 5pm EST

[pumpitloud]

Big pump happening Tuesday 6pm EST. Totally fair pump with voting system so everyone can choose a group of coins!

Our last bittrex pump was a success, SHIBE got chosen and were pumped to 700% of announcement price, using 10btc of volume!
http://fairpumps.net/wp-content/uploads/2014/09/Unbenannt-1-655x344.gif

See http://www.fairpumps.net/pump for more details. Don't forget to subscribe, and we will inform you about future pumps on our site!
http://fairpumps.net/subscribe

greez
@pumpitLoad from
fairpumps.net

[wil]

i like their pumps, as fair as it can get

[wil]

voting is open now, check out  http://fairpumps.net/pump/

[pumpitloud]

our next pump is tomorrow 6pm EST! Don't miss!

[noelmal]

smells like a scam 

[mikerbiker6]

smells like a scam  

It is provably fair, you cannot control the hash of a future LTC block.

@pumpitloud, how do you measure the volume, I only see 8.96BTC of volume in the rise.

[pumpitloud]

@mikerbiker6 we added volume of the PUMP and the DUMP part, sum is ~20btc

voting is open NOW on http://fairpumps.net/pump/
If you are unsure, just watch how the do the coin selection. It's provably fair

[kkhashu]

@mikerbiker6 we added volume of the PUMP and the DUMP part, sum is ~20btc

voting is open NOW on http://fairpumps.net/pump/
If you are unsure, just watch how the do the coin selection. It's provably fair

Great way to pump the coin, looks very fair.

[mikerbiker6]

there is however, one flaw in your system.
Capt seems to have taken the lead in all voting so far (to one I witnessed).
This should be no problem since 1 out of 8 is chosen randomly.
But since you expect capt to skyrocket in votes, you know people are gonna pre-buy it in the voting process.
These are people that didn't understand that the coin is chosen randomly or people who wanna try their luck.
(you will lose more on the other coins than you win but ok)

Now what people do is buy capt a few days early and dump on the pre-buyers during voting.
Succesfully doubled a little stake this way.

[pumpitloud]

there is however, one flaw in your system.
Capt seems to have taken the lead in all voting so far (to one I witnessed).
This should be no problem since 1 out of 8 is chosen randomly.
But since you expect capt to skyrocket in votes, you know people are gonna pre-buy it in the voting process.
These are people that didn't understand that the coin is chosen randomly or people who wanna try their luck.
(you will lose more on the other coins than you win but ok)

Now what people do is buy capt a few days early and dump on the pre-buyers during voting.
Succesfully doubled a little stake this way.

thank you very much for your reply. We don't see this as a "flaw in our system", as it is clearly described how our coin selection method works before pump. People just have to read the text on the announcement page before pump to understand how coin is chosen fairly and transparent. You can see the other little pumps on the 7 coins which didn't make it as some kind of "part of the game". It's speculation, like everywhere in cryptoworld.

However, if you have suggestions how to optimize our current pumping system, just let us know. And don't forget to subscribe to our newsletter to always get informed about upcoming events: http://fairpumps.net/subscribe/

[hedgy73]

Watching this with interest, have signed up to your mailing list

[mikerbiker6]

I get that the coin is chosen randomly but some people don't, even after it has been mentioned multiple time.
Maybe it should be mentioned in big red letters or something.
(because capt did have a larger pre-buy than all the other coins)

http://imgur.com/X17puIB

[pumpitloud]

hello pumpers!

Our next event will be on Tuesday 5pm EST again. Coin voting opens 2.5h before pump. It's free for everybody to enter!

### Have a look at our last pumps at ###
http://fairpumps.net/recent/

### NEW REWARD SYSTEM ###
Everybody promoting us on twitter will automatically have the chance to win 0.1btc. Winner will be chosen by blockchain randomization.
http://twitter.com/you_pump
http://twitter.com/pumpItLoud

[mikerbiker6]

Allow me test the legitimacy of the voting.
When I launch tor, I could vote multiple times succesfully.(roughly 50 times)
But after some time kiwiirc will be asking to solve captcha's which are not complete-able.
I also get a lot of connection errors.
So an attacker using tor will only get a few more votes, getting a lot of influence costs too much effort.


Also noticed this, after getting new ID:


Apparently some people were already using tor to vote for shibe (in this case).
And they used the same node by luck.

Maybe this will be patched in the future, but kiwiirc is giving tor users a hard time already so it is no big deal.

[pumpitloud]

tonight we are pumping again on bittrex!
we changed voting start to 20 min before pump to keep it fair for everybody.

join us @
http://fairpumps.net/pump/

[h0lybyte]

I feel bad for all the people that get the shit end of the dump :/

[mikerbiker6]

pump is more fair, shorter voting timeframe doesn't allow for much cheating (tor).
But remember tonights pump is totally not fair.
People vote for 16 coins, that is fair, but then an inside group makes the decision and pre-pumps the coin.
You will be left buying up their coins.

[pumpitloud]

but then an inside group makes the decision and pre-pumps the coin.

did you even read how the coin is selected? it is determined by a block hash, and the "inside group" can't predict this hash, so "they" actualy have no ability to determine which one gets selected. The block # is a future block which is going to be mined in the next few minutes. As soon as hash is out, pump is announced.
http://fairpumps.net/wp-content/uploads/2014/09/votingblockchain.jpg

[mikerbiker6]

I said tomorrow, do your research.
Coinbot selects one coin, but coinbot is controlled by you_pump, so yeah, inside group.

[pumpitloud]

I said tomorrow, do your research.
Coinbot selects one coin, but coinbot is controlled by you_pump, so yeah, inside group.

You quoted the rules yourself. Coinbot decides coin 100% by price increase. So what's my advantage then compared to other pumpers in the chat?