Quote from: Mr.Y on March 21, 2018, 02:09:27 AM

Wow man @sick_sikka you are putting all energy on bashing Sikka, all your previous 5 posts about bashing Sikka.
I know this is not the account which you use except to post here.

Let me tell you, there are the projects from 2014 without any serious development or update and they are still getting traded. Anything can happen in crypto.
If you have mined like rest of us, keep them safe and explore other projects. If something will move here, we miners will get something. Otherwise being an early miner, it is always chance to not make anything.

By posting negative things back to back is no good.

OK - I got it.

Have to rethink my image of humans. Of course they are not all of you like you. Namely rational thinking and clever. There also people who are dumb and do not deserve anything else than to lose or to come into jail if they do not want to hear the reservations.

Do whatever you want. Mine this coin. Or any other coin. Have fun. Roll Eyes

This project makes so much fun. Sorry, that I did not saw it at the first glance. Roll Eyes

But you are not the only one. Take a lot of fools and it works for a certain time. You will have some fun while trading it and at the end - i promise you 100% - you will take a loss.

Its neither a scarce commodity like gold nor it is money you can pay with. In the first case you also can take 1 billion sheets of paper and write "bitcoin" or "sikka" on it. Then transfer these sheets of paper from one person to another. Yes. Make a block - you as a miner will do it and you will be rewarded with more sheets of paper with the written word "bitcoin" or "sikka" on it. Wow. Impressive. And if you have a lot of luck you will find people who do not understand this. Because you are telling them a lot of fantasy stories about blockchain and getting rich. But blockchain is nothing else than the mechanism I described here. You can transfer these sheets of paper globally - yes. And you can transfer it fast - yes. But you also can take another 1 billion or 10 million or 100 trillion or only 42 sheets of paper. write a name on it and give it the ability to get transferred not multiple of times but only once and save and fast. Ok.

HOW do you transfer something is cool. The technology is allright. But WHAT you are transferring, this has no value.

So I have to disappoint you. If you mine, you have too much of money or energy or its not YOUR resources that you are wasting for something that has no value. Or its your aim to waste money as fast as possible. But usually you want to generate more money out of a certain sum of money. Real money - not these toy coins.

Private money? Bullshit. At most you can consider this as toy collecting. If you find another one who pays more for that. Congratulation.

It will take time and then also the most stupid ones will understand that they are trading pieces of worthless paper with only a written name on it.

But IF you know it better than me, than have fun with mining it.

Sorry, I did not consider the infinite greed and infinite idiocy of people.

I am a basher? Ok. From your point of view - yes. But sorry, I cannot praise you for what you are doing because this has no social function at all. No good and no service will be delivered here with this coin as a medium. Maybe the wish for gambling if you trade the coin itself. Its a gamble. The best is, to warn the ones who are able to think and who do not want to lose. And this I have done.

Who is willing to pay the highest price? Nobody. You pay or mine for the hope to find another one who pays more for it.

Its a ponzi scheme. Thats what it is. And nothing else.

A snowball system.

And this will end as it started: with a value of 0.

I wish you good luck not to be the one who holds these coins in his wallet at the end. They will be worthless.

Every miner is a hero and a celestial bliss for human kind. Is it allowed to run a ponzi scheme? And even if it would be allowed, its unethical.

But hey - I am a basher. Yes, I bash. Anything else would be an insult to my intellect. Really.

No - keep on mining. Great project. Roll Eyes

Clever and smart initiator. Roll Eyes

The coin has great properties. Roll Eyes

Great wallet. Roll Eyes

Super safe. Roll Eyes

And super easy to handle with. Roll Eyes

And its purpose - wow. Roll Eyes

I am deeply impressed. Roll Eyes

Keep on mining. Roll Eyes

Yes. Mine more! Roll Eyes

Buy the Baikal Giant N. Make the seller of mining equipment rich. Roll Eyes

Buy shovels for this digital gold rush. Ignore that the seller of shovels became rich during the gold rush in the 19th century in America and only a few of the gold hunters. Embarrassed

Keep on dreaming! Mine more. Yes, put in ALL your resources to mine this coin. Shocked

(irony off)

Honestly. If you want to get rich: buy stocks. Wink

Buy PayPal. Grin

You can hardly do anything wrong with this investment.

If you want a scarce source: buy gold. Wink

Its really unique. You cannot mine another metal and write "gold" on it. This would not work. This only works in the world of cryptos.
And if you want to pay instantly in the internet: Then use the service of the company you invested in: PayPal. Wink

(disclaimer: I still do not own PayPal stocks)

Done.

The only advantage of these coins could be, if hyperinflation would come real, then such a coin could overtake the function of money for a short period of time like cigarettes did it after the second world war. But anything beyond this, you can forget. Gold is superior. What you choose also depends on how easy it is for you to buy gold or crypto coins. Actual example: Venezuela.

Second scenario would be: a dictatorship where anonymous transferable units could overtake the function of money for the resistance. But this should stay a dystopia.

On the other hand, if these coins are pseudonymous or even anonymous and these coins get too valuable. Then big amounts of cash equivalents could be transferred for illegal purposes or for terror financing. And I think thats a more likely scenario and a more realistic threat for our social life.