dygus
Legendary
 Offline
Activity: 1193
Merit: 1000
Peaky Blinder
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November 10, 2014, 02:03:30 PM |
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it's not 1% but 10% of POW phase. Look how long you have to mine to have 70 K coins. 50 % interest? He will earn about 96 coins a day without minnig.
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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kosaet
Legendary
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Activity: 938
Merit: 1001
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November 10, 2014, 02:10:50 PM |
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it's not 1% but 10% of POW phase. Look how long you have to mine to have 70 K coins. 50 % interest? He will earn about 96 coins a day without minnig.
OMG, i am a idiot , forgot about him PoS ..... Yeah, this look very bad..... |
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shimlbit
Legendary
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Activity: 1302
Merit: 1001
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November 10, 2014, 02:19:22 PM |
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At first I thought like .. Wow, cool SuchPool also in here and then I was like WTF .. Thats the Logo from SuchPool but it states HashHot .. LOOL .. Good steal ;-)
they did the same with dedicated pool logo btw...whats up with dedicated pool |
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kosaet
Legendary
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Activity: 938
Merit: 1001
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November 10, 2014, 02:24:36 PM
Last edit: November 10, 2014, 02:53:20 PM by kosaet |
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Ok, little calculation !!!! 700K PoW phase, dev have 70k. When we reach 7M from pow+pos, the dev will have 700K (premine+ pos), So, he will have all pow coins !!! For me this is 100 % premine , not 10 !!!!
And dont tell me "i must pay for exchange" , ccex add coins with one ask !!!
Edit: For this HUGE premine, MUST have PoD !!! Looks like big scam
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hardroad
Full Member
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Activity: 224
Merit: 100
█ If you want logo pm me █
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November 10, 2014, 02:50:40 PM |
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Ok, little calculation !!!! 700K PoW phase, dev have 70k. When we reach 7M from pow+pos, the dev will have 700K (premine+ pos), So, he will have all pow coins !!! For me this is 100 % premine , not 10 !!!!
And dont tell me "i must pay for exchange" , ccex add coins with one ask !!!
If we need bittrex add this coin must pay 3 btc if we need android wallet any dev wants 1.5/2.0 btc for that if we need ios wallet any dev wants 1.5/2.0 btc for that if we need web wallet any dev wants 1.5/2.0 for that for good website 0.5 btc Any developer can do that for free without premine or ICO ICO now it is shit with POD or without POD I respect this developer because he was a clear any coin without premine it is dead before launch I am waiting for the roadmap |
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kosaet
Legendary
Offline
Activity: 938
Merit: 1001
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November 10, 2014, 02:53:51 PM |
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I was going to get new beer, and thinking about this coin, remmeber something else, very important. When start pos after 1 day, will have alot of pos blocks, until the end of pow, they will be around 30 % from all blocks. So, they will not be even 700k pow coins, will be around 450-480K  . Good luck with this scam !!! One friend on skype, sr member "when is the launch on this shit"  |
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hardroad
Full Member
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Activity: 224
Merit: 100
█ If you want logo pm me █
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November 10, 2014, 03:06:05 PM |
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I was going to get new beer, and thinking about this coin, remmeber something else, very important. When start pos after 1 day, will have alot of pos blocks, until the end of pow, they will be around 30 % from all blocks. So, they will not be even 700k pow coins, will be around 450-480K . Good luck with this scam !!! Ask yourself one question if I'm a dev I can pay 10 btc or more to launch a new coin and what I get |
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kosaet
Legendary
Offline
Activity: 938
Merit: 1001
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November 10, 2014, 03:10:26 PM |
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I was going to get new beer, and thinking about this coin, remmeber something else, very important. When start pos after 1 day, will have alot of pos blocks, until the end of pow, they will be around 30 % from all blocks. So, they will not be even 700k pow coins, will be around 450-480K . Good luck with this scam !!! Ask yourself one question if I'm a dev I can pay 10 btc or more to launch a new coin and what I get Simple question. Dev without ANY SKILL !!! Ok, get premine, but ....from every angle, this premine is not 1 %. Dev lie us from the beggining, what to expect on block 10k ?? |
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GimpcoinDev (OP)
Newbie
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Activity: 42
Merit: 0
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November 10, 2014, 03:36:01 PM |
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i see a lot of fuds here..
i reply to all with a simple state: premine address will be on a not-staking wallet..it will be obviously public and you'll can check always on block explorer premine address balance.. since PoS start at block 1 together with PoW, you'll can check the not-staking condition from 1 day after launch (since min stake age is 1 day)..
i also reply to the user whom stated "he will get all PoS blocks with his 70,000 coins after PoW ends" this: if premine is dedicated to coin development, there isnt a reason why within 30 days i'll still have 70,000 coins.. in 30 days i'm quite sure at least 50,000 GIMPs will be already spent for coin development.. moreover, again, premined GIMPs will be into a not-staking wallet, you'll can check all my promises on block explorer..
i regret to see all this people scared.. if a coin has ICO = scam.. if a coin has 1% premine = scam.. well, it seems someone dont want new CryptoCurrencies
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kosaet
Legendary
Offline
Activity: 938
Merit: 1001
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November 10, 2014, 03:42:21 PM |
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i see a lot of fuds here..
i reply to all with a simple state: premine address will be on a not-staking wallet..it will be obviously public and you'll can check always on block explorer premine address balance.. since PoS start at block 1 together with PoW, you'll can check the not-staking condition from 1 day after launch (since min stake age is 1 day)..
i also reply to the user whom stated "he will get all PoS blocks with his 70,000 coins after PoW ends" this: if premine is dedicated to coin development, there isnt a reason why within 30 days i'll still have 70,000 coins.. in 30 days i'm quite sure at least 50,000 GIMPs will be already spent for coin development.. moreover, again, premined GIMPs will be into a not-staking wallet, you'll can check all my promises on block explorer..
i regret to see all this people scared.. if a coin has ICO = scam.. if a coin has 1% premine = scam.. well, it seems someone dont want new CryptoCurrencies
From the beer, or from something else (who know  ) i am satisfied from your answers !!! Will be on the launch, and time will show who is right (i hope you ) . Cheers !! |
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RENDERING
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November 10, 2014, 04:27:18 PM |
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i see a lot of fuds here..
i reply to all with a simple state: premine address will be on a not-staking wallet..it will be obviously public and you'll can check always on block explorer premine address balance.. since PoS start at block 1 together with PoW, you'll can check the not-staking condition from 1 day after launch (since min stake age is 1 day)..
i also reply to the user whom stated "he will get all PoS blocks with his 70,000 coins after PoW ends" this: if premine is dedicated to coin development, there isnt a reason why within 30 days i'll still have 70,000 coins.. in 30 days i'm quite sure at least 50,000 GIMPs will be already spent for coin development.. moreover, again, premined GIMPs will be into a not-staking wallet, you'll can check all my promises on block explorer..
i regret to see all this people scared.. if a coin has ICO = scam.. if a coin has 1% premine = scam.. well, it seems someone dont want new CryptoCurrencies
Indeed, buncha cry baby's over nothing. I will be here on launch for sure. I understand that you need coins for bounty's and development. DUH Nice coin man, lets rock this shit! |
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LuckyAlt
Member
Offline
Activity: 126
Merit: 10
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November 10, 2014, 04:44:46 PM |
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I will be creating a Block explorer with rich list, Faucet and Dice game for GIMP coin on http://www.luckyalt.com. Looking forward to launch I will be here.  |
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GimpcoinDev (OP)
Newbie
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Activity: 42
Merit: 0
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November 10, 2014, 04:50:56 PM |
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I will be creating a Block explorer with rich list, Faucet and Dice game for GIMP coin on http://www.luckyalt.com. Looking forward to launch I will be here. Cost:= 500 GIMPs i will post in thread the TX ID of payment to him, as soon as we have the block explorer working.. just a reminder: block explorer is also avilable into the wallet |
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louiseth1
Legendary
Offline
Activity: 924
Merit: 1000
Bitfarms.io
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November 10, 2014, 05:36:19 PM |
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At first I thought like .. Wow, cool SuchPool also in here and then I was like WTF .. Thats the Logo from SuchPool but it states HashHot .. LOOL .. Good steal ;-)
Just saw it? it's a couple months old. |
Bitfarms.io - Powering Blockchains with Sustainable Energy
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GimpcoinDev (OP)
Newbie
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Activity: 42
Merit: 0
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November 10, 2014, 05:56:13 PM |
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At first I thought like .. Wow, cool SuchPool also in here and then I was like WTF .. Thats the Logo from SuchPool but it states HashHot .. LOOL .. Good steal ;-)
Just saw it? it's a couple months old. Hashhot logo removed, sorry for mistake, even if the mistake is not mine |
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anticlimax
Legendary
Offline
Activity: 1050
Merit: 1000
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November 10, 2014, 10:15:25 PM |
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The hell do you need such a large premine and why do you beat around the bush in the ann about it.
Explain to people that the premine will most likely be 15% of all coins mined during pow.
I mean damn.. I can see 7M turning into 5M and saying you only hold 1% premine, but claiming a 7M coin total with a 70k 1% premine is ludicrous when it's OBVIOUSLY apparent there will be 500k~ coins after pow.
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twitter @antiiclimax
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GimpcoinDev (OP)
Newbie
Offline
Activity: 42
Merit: 0
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November 10, 2014, 10:34:41 PM |
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The hell do you need such a large premine and why do you beat around the bush in the ann about it.
Explain to people that the premine will most likely be 15% of all coins mined during pow.
I mean damn.. I can see 7M turning into 5M and saying you only hold 1% premine, but claiming a 7M coin total with a 70k 1% premine is ludicrous when it's OBVIOUSLY apparent there will be 500k~ coins after pow.
again with theese fuds? READ ABOVE.. premine address will be into a not-staking wallet, you'll can check the balance whenever you want on block explorer |
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Bitcoines
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November 11, 2014, 12:01:27 AM |
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"[Virtual Currencies] may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system." ~Ben Bernanke
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anticlimax
Legendary
Offline
Activity: 1050
Merit: 1000
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November 11, 2014, 03:27:35 AM |
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The hell do you need such a large premine and why do you beat around the bush in the ann about it.
Explain to people that the premine will most likely be 15% of all coins mined during pow.
I mean damn.. I can see 7M turning into 5M and saying you only hold 1% premine, but claiming a 7M coin total with a 70k 1% premine is ludicrous when it's OBVIOUSLY apparent there will be 500k~ coins after pow.
again with theese fuds? READ ABOVE.. premine address will be into a not-staking wallet, you'll can check the balance whenever you want on block explorer You keep stating 1% premine.. How is it fud when I tell you your math is far from perfect.. Not staking 10-15% of the coin total solves one problem and at the same time creates another by weakening the network considerably, Good luck with your launch. Sad you see common sense is coined as fud these days. Guess we are only applying logic when it suites your needs. |
twitter @antiiclimax
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jimlite
Legendary
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Activity: 1848
Merit: 1018
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November 11, 2014, 03:33:12 AM |
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Dev, I will tell you right now that I had to fix a similar coin's problem, yet the coin still failed.
You can not take 1% pre-mine of PoS coins, everyone assumes that the pre-mine % is of
PoW coins only. If you don't clear this up right now and take 1% of total coins, not 10%,
then this coin will fail. I had to convince and help XURO coin to do this, they saw it was the
right thing to do, did it, but still never thrived. If you don't reduce your pre-mine to 1% of
what everyone thinks it will be (1% of total PoW coins), then you have already failed.
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