Quote from: TFT_Crypto on January 18, 2014, 08:42:39 PM

Quote from: neuroMode on January 18, 2014, 07:57:28 PM

Quote from: TFT_Crypto on January 18, 2014, 07:28:20 PM

Quote from: neuroMode on January 18, 2014, 07:01:21 PM

Quote from: TFT_Crypto on January 18, 2014, 06:49:52 PM

Quote from: Euphonious on January 18, 2014, 06:10:14 PM

Quote from: cthulu1 on January 18, 2014, 06:04:08 PM

Yeah, and how is that lawsuit thing going, did they ever find those devs that were you know, out of US jurisdiction and stuff? And apparently none of you know what bullet-proof hosting is...

And you don't reckon that Kanye's image rights are protected in countries other than the US?

Bullet-proof hosting is irrelevant. Regardless of whether Kanye can actually shut the exchanges down, it's obvious that the coin can never gain any legitimacy if you're breaking the law by using it. I'm talking about using it to actually buy things, not trading it on some two-bit exchange hosted in the middle of nowhere. People seem to forget that buying stuff is what currency is for...

Exactly. Without proper compliance and legit exchanges involved, there can be no widespread acceptance of such a coin.

The devs could have made this work with a formal announcement of something like Koi coin (with the samuari fish logo) early oh when the C&D was sent to them......if they had complied, the media would still have reported on the new legit name and logo but it seems the devs only ever wanted a quick buck on this one. Then you have the pop-up mining pools, pop-up exchange, multiple names and logos just before launch to obfuscate everything........there was at least 4 different names and 4 different logos going around the sites prior to launch.

This looks like a classic pump and dump. Arrange interviews with the media and create fake hype. Keep changing names/logos to divert intentions and draw in new marks. Entice miners with all kinds of BS offers. Double coin output and do a huge premine at the last minute. Hopefully you've drawn in enough marks to meet the petition criteria to get it on cryptsy now. Dump the premine the second it gets on cryptsy.

Seems like this was the plan with Coinye.

And why exactly are you arguing against a coin's existence that you aren't even mining? Do you do this for all coins? I would never imagine myself going into other coins' threads and talking each one down. It seems something more is driving you to feel the need to speak out against a coin. What is that exactly? I'm just curious.

This is the main phenomenon I have yet to understand in this subreddit. I can only imagine it is out of bitterness somehow, the feeling of missing out on something that might offer others prosperity and so the last resort is to shoot down any future it could have to trick your brain into not having remorse for not mining a coin in its early days.
Seriously, that's the only reason why I can imagine people do this.

I'm not talking about that. I'm concerned that such large publicity of what happened here could turn the masses off cryptos in the long run and that's bad for everyone in this thread. I assume everyone here wants to make good returns on coins they're invested in right ? A simple change on this coin early on could've had it on legit exchanges by now with mass publicity behind it........instead the devs went for quick pump and dump and flushed it down the toilet.

You shouldn't be concerned then. 99% of the masses won't know this coin was 0.37% premined, nor would they even care if they did find out and discover the dynamics of pre-mines, instamines, and fair launches. It just won't matter to them, as long as they have Coinyes they are happy.

You should be concerned that while a pre-mine did happen to this coin, it has taken on a life of its own in the media and no longer resembles the coin you are basing your arguments on. The original devs are gone and the community at large is driving this coin forward by utilizing the immense publicity it has and the tight connections it has already formed with various media outlets that will happily announce any new happenings with Coinyes on a whim. It's a no brainer to keep this coin alive as an experiment for cryptocurrencies' perception with the media and the crowds it can attract. There is actually a large market potential it can capture that bitcoin and dogecoin cannot; the pop-culture, trendy, hip-hop, hipster, smartphone using crowd that is at the same time not very computer-tech savvy. It's very obvious to those who realize it and there are devs hard at work behind the scenes because this is an opportunity of a lifetime.

Well I certainly agree with you about the market potential and because this is the first "celebrity crypto" it would've been huge if done right. Imagine if the devs had met them in the middle with a 50-50 split of the premine or something.........250,000,000 coins each. Kanye could be hyping the shit out of the coin by now with the original logo intact. The devs said in an interview that they wanted Kanye to name drop the coin and promote it but they weren't prepared to give him anything. Then they offered him 100,000 coins of their 500,000,000 premine. You're dealing with business people here and that's no way to do business, talk about cutting off your nose to spite your face.

If this celebrity accept to take part into this coin Project instead of fighting it... then it would skyrocket the Price! Shocked