Post
Topic
Board Announcements (Altcoins)
Re: [GPUC] GPU Coin | Reboot Sunday March 9th
by
flasheart
on 04/03/2014, 18:30:05 UTC
Anyone like to explain to a coin noob in plain terms exactly why the (re?)launch failed? It looked okay to me, we were mining coins right? I know it's kinda dumb, but I am missing something...

First Launch...
Everything set up proper, launch on time... then Fork... Dev was MIA... CEO couldn't right the ship.  Called the coin, promised relaunch in 24  hours.

2nd Launch...
New dev team copied panda and renamed it GPUC... it launched semi successfully, but the block reward values were never changed to 20k / block (which is what the coin and IPO were based off of).  CEO called the coin, promised relaunch in hours.

3rd Launch (attempt)...
Long time mining genesis block, addnodes were compromised had to be reset up.  In doing so they sent the wallet to a few people who were "trusted" and they started mining... had to scrap it to relaunch.

4th Launch (attempt)...
New genesis block and addnodes now working, mining for IPO / premine 1st block of 400M GPUC was orphaned and they couldn't tell who got the block... (someone with a working wallet stole it)... had to scrap this launch attempt.

5th Launch coming Sunday March 9th.

Did I miss anything?