Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ☯ UniversityCoin UVC ☯ [PoW+PoS] PoW ends soon | Long-term Strategy
by
lvyuan95
on 06/05/2014, 06:17:07 UTC
I like how the ANN post listed 20M coins during POW, and described a POW period followed by POS.. when in fact the coin was POW+POS from the beginning and there's only actually ~9.6M POW coins due to the POS blocks contributing ~50% of blocks between 0-20160...

The dev's "confusion" cost us 5+ BTC because we had to buy UVC to cover overpayments of POS blocks to miners during the POW period... thanks UniversityCoin devs!

Why can't people read...

https://bitcointalk.org/index.php?topic=590681.msg6502710#msg6502710
https://bitcointalk.org/index.php?topic=590681.msg6531709#msg6531709

btw your email to miners said 'We were mistakenly crediting POS blocks as mined blocks for UVC because it launched as POW+POS, which resulted in overpayments to miners.'

and now look at what you said

It's not cool man  Roll Eyes

Edit: hmmmm... Maybe that's what exactly dev wanted to do - to punish multipools! lol jk  Grin