Quote from: Anonymous on May 16, 2015, 09:46:06 PM

Quote from: coinxcoin on May 10, 2015, 08:39:15 PM

I've been trading flo for a long time and obviously someone bought a huge amount in the several weeks before it was mentioned on this thread on March 11, 2015 or so. Every step you have taken so far is consistent with a pump, and not consistent with a serious project.

Hey man, haven't followed the whole discussion - but for what it's worth, I received a copy of an alpha client for Alexandria which does actually function, and tracking its network connections - it aims to do what it says and no shenanigans noticed. One of the primary devs has also livestreamed himself coding the project if you want to actually see work being done and get your eyes on some code.

I don't disagree with your points about insider trading - every crypto project will do that. You really think every altcoin needs a new codebase to do their project? The primary reason for launching a new coin is to give yourself as much manipulation potential as possible, not for some new ideal or platform. Maybe 1 out of 100 are legitimately trying to build something on top of the profit potential. All of this is a profit game and until regulation/consequences convince people to not pump/insider trade/build scamcoins, we can only accept it as part of the landscape. That being said - even if Blocktech does own a huge percentage of FLO (or more likely unnamed, officially unaffiliated partner(s) hold it) and this project is all about cashing in on that - the project IS real. I've seen it. I can send you the copy of Alexandria I have if you want (though it may be outdated at this point, I haven't been following so I'm not sure if a newer client is around). Pretty sure it's supposed to be privileged access, and I'm certainly no insider, but if you hang in crypto IRC's this thing was making the rounds.

Again, it's entirely possible and I'd say even basically certain Alexandria is primarily to make them money - but that doesn't mean Alexandria isn't real. That's more than most projects can boast/pump with - at least this manipulation is built on something tangible. If they wanted a fast pump cash-in and escape, they'dve made their own coin. At the very least Blocktech is very public, we know they're doing real work, and we know they didn't have the manipulation/scam potential of launching a fresh coin themselves so we know they're on the hook to WORK to make this profit happen.

I mean, that really leaves us with the conclusion that they're working on a project to get paid from their investments and time spent. There may be a lot more curtains around here, but uh, I feel like Alexandria is about as legit as you get around altcoin projects. Insider trading is a wash because it happens on every coin, every project, every group in crypto. To be expected.

Certainly people need to make money.

When looking at a project like this, one of the most important questions is "Which came first, the idea for the project, or the idea to pump a coin?".

Everything indicates that this is a cheap pump and the so called "block tech" is just the "new idea" they came up with to hang the pump on.

It isn't a revolutionary idea. It isn't even that useful an idea. A person would need to invest a lot of money in marketing to make it sort of work, and even then it wouldn't be likely sustainable for long.

Florin is a coin I've owned for a while. Many coins have cheap pumps associated with them. Usually the devs will step back and not promote pumps. It concerns me that the flo Dev is cooperating with the pump.

Blocktech is a mediocre project, at best, from what has been put out so far.

Your point that 'maybe 1 out of 100' new coin projects are trying to build something... is a bit off. Some projects ate 100% pump. Some are 100% substance. Most are a mix. Block tech looks to be mostly pump with a little cosmetic 'substance'.

My advice would be to make the supposed 'alpha client' public then solicit comments on features. The features and general outline that have been provided so far reflect very little of worth. The basic idea is one of countless ideas that anyone could come up with to develop a datacoin.