Post
Topic
Board Altcoin Discussion
Re: I0Coin is a SCAM
by
Xephan
on 17/08/2011, 13:33:20 UTC

So those that were mining solo without the server mode switch would have lost any blocks they mined?

This is interesting, I was under the impression that anybody who intend to do solo mining should know they need to set the client into server mode manually?


Quote
Is there currently a block explorer for people to examine  when mining began compared to when the first link was posted on the forum?

Yes I may be a "cry baby" and a "bad loser" but I think the credibility of p2p currency was twisted for financial gain here. A lot of people have lost faith not just in spin off projects but in bitcoin itself.  I urge people that feel they may have been cheated here to speak up and let their voice be heard. Do not suffer in silence. Let us know how you feel and tell us your story and post your observations.

A full investigation is warranted here and the members of the community have every right to bring this into the open.

I don't think there was any doubt what was going to happen. i0coin is only relatively more moral than ixcoin only because of the transparency and the fact the founder bothered to try something different which serves as good test data. But both are just going to attract people who are hoping to gain financially from being an "early adopter".

If anything, this experience should highlight how an established crypto-currency with high difficulty and a sufficiently diverse hashing population is more reliable and stable than a largely similar fork. Hopefully this will bring an end to pointless forks and anybody coming up with a new one will take note of the lessons here. So it is a good thing IMO if people lost faith in spin off forks, and will therefore think more carefully before doing so.

the i0coin launch may be had been poorly planned but I wouldn't call it a scam just because of that. Nothing that happen wasn't technically unexpected.

Disclaimer: I don't hold thousands of i0coins Cheesy