Post
Topic
Board Announcements (Altcoins)
Re: [SCAM] GARLICOIN - Reddit's Garlic Bread Worshiping Currency
by
7Seas
on 06/02/2018, 08:07:25 UTC
This is not good...

There seems to be a lot of brand new accounts all shilling this coin now - are they the same?

I wondered why the hell the dev would use Nscrypt as it's an outdated hashing algorithm and half of the mining community would have to put extra effort to mine. There is Equihash, Ethash, Cryptonite, lyrca2rev2 which are ubiquitous throughout crypto at this time and have development and there are no known ASICs.

After research I see that there probably is an ASIC for Nscrypt, old it may be but more than likely to have an advantage over the rest of the miners - is this connected to the dev in any way?

Even if there isn't an ASIC there still is the issue of the 200k coins in this pocket, does the community have the address of the community fund or is it faith?

Either way the chain needs forking to a hashing algo that isn't sketchy and if the dev can or will do this I doubt very very very much. Otherwise this coin will die, large community notwithstanding.

Not FUD I have been mining GRLC for nearly 2 weeks now and this is coin is looking worse than the total crypto market cap right now...