Post
Topic
Board Altcoin Discussion
Re: I0Coin is a SCAM
by
twobits
on 17/08/2011, 14:52:58 UTC

I think it shows that the way ixcoin launched , with coins in reserve for bounties and infrastructure may not have been as bad as people thought after all.


The only reason ixcoin didn't suffer from the same problem is because it wasn't announced in advance, and secondly the experience caused certain actions to be taken in anticipation for i0coin.

If i0coin had gone first, we wouldn't likely see a major pool readying up to unleash more than 400GH/s worth of hashrate onto it at diff 1. So the crazy block grab wouldn't had been this crazy Cheesy



Add to that the fact that the owner/creator of i0coin didn't personally mine out the first few difficulties himself

 In fact i0coin rode on ixcoin's coatails here, much like ixcoin is riding on bitcoin's.  It would not have gotten so far along if people had not just been through this exercise  with ixcoin.