Post
Topic
Board Altcoin Discussion
Bitmark $btm (Poloniex) Scam Or Not Poll - Selfish Mining Issue
by
wtman
on 19/01/2017, 07:38:21 UTC
Bitmark is the coin used for awarding marks to people on poloniex

In the Polo trollbox, you use the code:
/mark username 1

Bitmark is supposed to be a Sia / SJCX alternative.

A decentralized web identity system is also planned for it.

The lead dev is https://melvincarvalho.com/#me
Another dev is dbkeys

Thread https://bitcointalk.org/index.php?topic=660544.0
Site http://www.bitmark.io/#

Current marketcap: $310,509

There is one selfish miner currently who is orphaning everyone else's blocks, so accumulating cheap. In the future, we might see a pump and dump. It may be a scam, or not. I'm not sure yet. What do you think?

Apparently, it has taken over 6 months (or an year) for the dev to do the mining algo fix. It hasn't happened yet. Do you believe they can make a coin like Sia with a decentralized web identity system but can't fix the mining algo?

Considering its a coin used on Poloniex trollbox, I'm surprised to see this mining issue on it last for so long.

So, Scam or Not Scam?