Post
Topic
Board Announcements (Altcoins)
Re: [announce] Namecoin - a distributed naming system based on Bitcoin
by
lkyinvestor
on 15/12/2024, 20:21:03 UTC

They were without their coins before, and they're without them now. So nothing changed for them. The New Luckycoin isn't the same thing as Old Luckycoin (nor Bells nor Junk).

Just to clarify that.
A lot really changed for LKY holders. In 2014-2024 even if Luckycoin was not active during last years, still there were expectations that one day the project will be continued in a fair way, from the latest mined block.

There was a single chain operating since 2013, one of the oldest chain. Investors and miners were interested in the story of Luckycoin, they were investing exactly in what now is being again promoted as the same concept, with the same logo, name and domains, but with all coins accumulated since Nov 25, 2013 disappeared in the new chain. Now there is no hope that someday the real historical project will be alive, because all its recognized attributes are stolen, replaced with fake Luckycoin, which was forked deliberately from the point deep in the past (11 years ago). It is just a double spend-like activity, and also a theft of attributes of dormant LKY project. It could be called "revival" only if the entire chain would be saved and continued from the latest block.

It is not a revival now, it is just fraud which could happen to many coins and blockchains. If crypto community would not stop this practice, it discredits the entire idea of immutability of crypto.


Anyway agree with you that it is off-topic a little here, we can discuss it in LKY ANN thread. On-topic my concern though is that some other historical chains like NMC could be a target of similar attack one day, not right now maybe, not in exactly the same way probably, but all holders of legendary coins should be aware of possible activities of scammers controlling a lot of hashrate and dreaming of making easy money out of stealing history, years of faith and hope.

Glad to hear that a legend like yourself is not involved with the fraud. I can confirm in fact you were the first who informed in this forum about what happened to Luckycoin this autumn, to aware people of that.