Quote from: smooth on May 01, 2015, 01:02:13 PM

@coins101

I suggest you look at a block explorer, or better yet the blockc....hain itself. The rate is exactly what was intended and published (unlike the coin that is the topic if this thread). Tacotime misunderstood, but you are making a fool of yourself.

No. Let's look at what the younger Smooth said at the time:

Quote from: smooth before he became a bully boy

You make good points but unfortunately conflicting statements were made and it isn't possible to stick to them all. It was said that this coin had a mining reward schedule similar to bitcoin. In fact it is twice as fast as intended, even even a bit more than twice as fast as bitcoin.

If you acquired your coins on the basis of the advertised reward schedule, you would be disappointed, and rightfully so, as more coins come to into existence more quickly than you were led to believe.

To simply ignore that aspect of the bug is highly problematic. Every solution may be highly problematic, but the one being proposed was agreed as being the least bad by most of the major stakeholders. Maybe it will still not work, this coin will collapse, and there will need to be a relaunch, in which case all your coins will likely be worthless. I hope that doesn't happen.

https://bitcointalk.org/index.php?topic=582080.msg6364242#msg6364242

And here:

Quote from: smooth

....here will likely be a "reverse stock split" turning these into 75k "new" coins at some point, because the mining reward is currently twice what is intended.

https://bitcointalk.org/index.php?topic=582080.msg6364320#msg6364320

And here:

Quote from: smooth

It's not debasement. Debasement is issuing more coins, making existing coins worth less. The proposed bug fix is essentially a reverse stock split where every two old coins are exchanged for one new coin.

The extra coins being combined into one coin are coins you should not have received under the "close to Bitcoin's original curve" schedule that was advertised. To argue that bugs can't be fixed is absurd.

If there were a bug that gave some people a million extra coins for no reason in bitcoin or any other coin, you can bet there would be a fix to remove those coins.

As you say, this is all an experiment. If people abandon the coin in droves because of the reverse split, then that will be a useful experiment and we can all get on with our lives with some other coin. Most of us believe that the value of a coin with the cryptonote feature set, no-premine, no-instamine, no-tax, and a bitcoin-like reward schedule is compelling. We'll see if that turns out to be correct.

https://bitcointalk.org/index.php?topic=582080.msg6364494#msg6364494

You decided not to stop, fix, fork and relaunch. You have to own the Proven Monero Scam Launch.