Ninjastic
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Board Announcements (Altcoins)
Re: [ANN]Faircoin - The First Fairly Distributed coin. MULTIPOOL We added 5% bonus
by
sargecap
on 10/04/2014, 07:21:15 UTC
Quote from: WarrenP on April 10, 2014, 07:04:36 AM
Quote from: sargecap on April 10, 2014, 06:59:31 AM
Quote from: WarrenP on April 10, 2014, 06:49:35 AM
Quote from: sargecap on April 10, 2014, 06:42:34 AM
Quote from: yanglei504 on April 10, 2014, 01:36:42 AM
Quote from: zwiggelbig on April 10, 2014, 12:09:21 AM
How is it ever possible for faircoin to achieve what Blackcoin did when this coin is premined?
If someone explain me that I will believe in the coin.

The prize of Faircoin has soared more than fivefold. Grin

This coin is 100% premined unfair coin would be a better name for it.

Blackcoin had a proof of work mining process to distribute the coins fairly and no premine..



Please read all the info before jumping up and down.
The coin was distributed according to signups. Yes, some people managed to get more than others, but not in the way that someone with higher hash gets more coins than those with lower hash.

100% premined coin distributed in a centralised manner that could EASILY be gamed. There is a reason why proof of work is used to distribute coins in bitcoin et al. It cannot be cheated and there is no centralised distributing authority.

Anything can be "cheated"...

Are you serious? The whole point of bitcoin is so its not centralised and you dont have to trust someone.

In unfair coin 100% of the coins were premined and we have no way of proving that the distributor didnt give himself a ridiculous amount of coins. Clue big crashes normally caused by a whale holder.