Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BlackCoin (BC) | Launched | scrypt | PoS | No premine
by
Jeezy911
on 26/02/2014, 14:09:19 UTC
This is bs. Not only you had to begin mine this coin at day 1, but all will be mined in first week. If you are not in it very early, you don't get shit. Why would I even bother to start mining this anymore? This is not what decentralized currency is supposed to be. This is fuckin pyramid scheme. Fuckin shitcoin!

^^^^^^^^^^^
Raging because he didn't get in the first day

YEP! THIS IS PYRAMID SCHEME!

Do you even know what a pyramid scheme is? 

In a sense it's like pyramid scheme. Not literally, but works the same way. You must be very early adopter to get lot of coins. After PoW mining is done, those that have lot of coins get much more PoS interest than those that have less coins. Early adopters get more coins, more interest. It's only fair to those that are in the game very early. The whole consept is flawed. You can of course try to buy yourself in, but why bother?

Same concept in mintcoin, hows that working out?