Quote from: cryptobuddy on March 22, 2014, 06:53:07 AM

Quote from: buddynuno on March 20, 2014, 07:36:29 PM

Ok. We all know this is a scam. Only greed makes anyone here to pretend it isn't.

A coin that is using the name one of the wealthiest communities in America and companies behind it can only be a scam.
These people already embraced bitcoin as a tech innovation. They don't need XSV to remind them they can invest in cryptocurrencies and use them!
There is no innovation on this coin. The only difference on this coin is the 8 min block time with a low block reward of 35 coins with a total supply of 35 million coins. That makes 12.5 million coins that were premined. With a 90 block confirmations to mature the coins this makes the perfect combination made to be hard for the miner to dump this coin which is going to speculate the value of this coin to be very high BUT though it is hard for the miner to dump it is not for the premined coins holder!
Now, the scam goes like this:
-There should be at least 5880 blocks mined till the 25th of April. Date that the maildrop was announced.
-Of this 5880 blocks, 205800 coins should be minted through mining.
-There is already alot of speculation around the price but even the price stays around on the 0.02 BTC = $12 USD margin at current market price, that would make those 205800 mined coins be worth $2.469.600 USD. If this would be the case the premined holder would be helding 150 million dollars.
-Now, even if he only dumps the exact same coins that were minted he would be a 2.5 million dollar millionaire!
-And i am only talking on the low speculative price people asking here to cover mining costs. Imagine if it goes 10x that price before the maildrop. This guy would be holding 1.5 billion dollars. Nice scam for a couple of hours of work of cloning a coin and setup a website!
-Well, the conclusion here is that people can shout scam. But even if this is all clear to everyone, the fact is people don't care if this guy is going to become a billionaire as long they get a piece of the pie!!!
-Cold harsh truth in this new old wild west style goldrush to the cryptocurrencies.

Best

Hi, Buddy.. LOL.. You are also called Buddy. We are perfectly matched!!!

From the written English, I strongly believe that the SiliconValleyCoin developer is a Mainland Chinese. LOL

Hence, it is not surprised that XSV developer is scamming people by making use the name of Silicon Valley. LOL

Hey.. Have the XVS Dev provided any evidence to prove his real association with Silicon Valley?

This is exactly the same case as HongKongCoin (HKC).

There is one more common point between XSV and HKC. Both can be traded in Bittrex.com right after launched!!! Grin

Of course this is a scam. They had this coin setup on exchanges before there were even any working pools. They want to pump the price so they can dump the premine as soon as possible and collect as much btc as they can. This is an organized scam with several shills posting in this thread and supporting the coin. The dev himself was posting screenshots of trading history a day after the coin was launched which shows that his main concern is the price of the coin because his goal is to pump and dump.

Quote from: SiliconValleyCoin on March 21, 2014, 06:50:16 PM

Quote from: sameev29 on March 21, 2014, 06:38:03 PM

Quote from: SiliconValleyCoin on March 21, 2014, 06:34:08 PM

Quote from: sameev29 on March 21, 2014, 06:33:01 PM

Have been mining for like 4-5 hours and still 0 coins.What the hecks going on? Angry

Ask your pool operator whats going on, recent block finders: sumpool, multi-pool, leet pool

Okay.Why did the price of XSV took a dive?It was 0.1BTC now its at 0.001,why?

Some miners DDOS pools, talk bad on thread about a coin, and dump some of their coins to scare other miners away in hopes of bring down the difficulty and mining more themselves. So far it hasn't worked as Network hashrate is increasing day by day. That being said the coin has only been active on trade sites for 24 hours or so. Give it a week or two. here:

Atomic-Trade
15975   0.00100000   1.00000000   0.00100000   3/21/2014 6:02:01 PM
15974   0.00100000   1.00000000   0.00100000   3/21/2014 6:02:00 PM
15953   0.00018200   20.00000000   0.00364000   3/21/2014 4:18:28 PM
15952   0.00050000   2.00000000   0.00100000   3/21/2014 4:17:01 PM
15930   0.00100000   1.92382080   0.00192382   3/21/2014 4:05:57 PM
15928   0.00110000   8.00000000   0.00880000   3/21/2014 4:05:09 PM
15903   0.00500000   2.21248436   0.01106242   3/21/2014 3:28:39 PM
15899   0.00100000   1.00000000   0.00100000   3/21/2014 2:50:34 PM
15872   0.00100000   2.23760500   0.00223760   3/21/2014 12:38:18 PM
15856   0.00100000   1.29358400   0.00129358   3/21/2014 11:03:15 AM
15638   0.10000000   0.05002060   0.00500206   3/21/2014 4:04:33 AM

Bittrex
Fri Mar 21 2014 02:27:04 GMT-0800   0.01000000   4   0.04
Fri Mar 21 2014 01:24:12 GMT-0800   0.01000000   3.9   0.039
Thu Mar 20 2014 23:28:31 GMT-0800   0.01000000   4   0.04

In addition we are not yet listed on coinmarketcap and this thread is only a few days old. Give it some time everything will stabilize.
Our mail drops will raise media interest. Expect to see a few media reports about us after the first few mail drops and word gets out.