No, it seems that this coin is still a scam.
Not the idea of a coin, but developers are scammers.
A few facts.
The greed of the developers is amazing.
1. Absolutely unfair punishment for reported flips.
If someone doesn't know, then for reported flips, you completely lose the reward.
You will not be rewarded for successful validation, for invited users and for flips. Is it fair? No.
A poll was taken. Only the votes of identified users were counted.
Quote
Should Idena:
A. Leave the current system of penalties. One reported flip = loss of all rewards from validation.
B. Use a proportional system of fines for bad flips. 1 bad flip - 1 unpaid reward, 2 bad flips = 2 unpaid rewards, etc. And all rewards are not rejected for bad flips.
1) A.
0x0adc1dc970b0750e253ec97b4a9e3c85c04dedac (
https://scan.idena.io/address?address=0x0adc1dc970b0750e253ec97b4a9e3c85c04dedac)
2) B.
0x818c464ea1bbf2d5212a2c8dead3971e5636405b (
https://scan.idena.io/address?address=0x818c464ea1bbf2d5212a2c8dead3971e5636405b)
Send small amount of DNA to one of the addresses to vote for associated option.
ONLY VALIDATED IDENTITIES COUNT!
Variant B won - 54.94%.
Where is the reaction of the devs? Nowhere. They are not profitable to give users more coins.
Greed.
2. Because of a bug in the previous validation, due to the fault of the developers, all users lost their validation reward, flip reward, invitations reward, mining reward for next 10 days.
Can devs recover these losses? After all, the fault was theirs. Yes, they can, but they accused users of weak hardware. It is unprofitable for them to pay compensation.
Greed.
3. When someone suggested increasing the reward for flips so that a person would try to make flips better and be afraid to lose rewards for a bad flip, all sorts of admins and other personalities immediately started laughing at him, calling him stupid and told that no one would give any more coins.
Greed.
4. The increasing premine. What the f*ck is this? In what other coin did you see the increasing premine ?! This is f*cking scam. The larger the premine, the lower the value of the coin.
And in this coin, it is constantly increasing!
Just think. Was premine, 36 000 000, devs divided it into several parts. And one part of the premine increases after each validation. Initially, the size of this part of the premine was 521,526 DNA. Now it’s 800,826.146 DNA. This part of the premine grew by 279,300.146 DNA. Which at the current rate is 2.79 BTC.
Premine is bad in principle. The big premine is even worse. And in this coin it is huge - 36 mln and even increases. Doesn't this bother you ??
Greed.
All these 4 points are not my fantasies, these are facts.
But when you try to talk about it in a Telegram chat, administrators and moderators immediately try to shut up your mouth, threatening to ban. Because they don't want people to know about it. Which once again confirms that devs are scammers.
https://i.imgur.com/FEjLUnG.jpgEvery time when someone is dissatisfied with something in a coin or devs, it immediately begins - "it is a testnet coin, don't like our coin - leave chat, you're spammer, troll, FUD" and so on.
Stay away from this crap.
I'm in this project for much more than half a year. If someone was scammed it would be me .. who else? There was no ICO.
I came here ... again ... and read your post trying to be a person who is here not knowing what it's all about trying to judge scam accusation ...
Not rewarded for creating FLIP/solving ... so you are saying that team is scamming because blockchain algorithm due to 10 min bug did not pay free coins (that was burned and was comming from regular distribution not TEAM wallet) for choosing nice google image?? It's kindergarten? And team did not use it's power to attack blockchain to reverse what happened ? And it makes them scammers?
Team is scamming because of 36 million coin premine? Is it hidden? It's written in white paper... Just read. Don't like it don't join in it... don't take free coins from mining 100$ using 5$ VPS monthly
Everywhere... In ~~~~80% of coins distribution is set in a way that x% is distributed to coin wallet (for developement)
54% in vote in which 10% of community take part ... I've already wrote that in official IDENA thread:
54% ... I would say "no consensus" rather than win because in statistics, we have something like a small sample error or statistical error, and this 4% is nothing more than that. I'm not surprised that it was not implemented. There are more important things now than satisfying 54% of network at the expense of going against 46%. There are things that will satisfy 100% of network (like sharding, mobile wallet, ledger support, option to encrypt wallet with password etc.)
Maybe it was 54:46 because both options are equally shitty and it is worth to repeat vote with additional option?
And whole event was hosted by discord admin not IDENA team.
