Quote from: energion on May 10, 2014, 09:02:51 AM

Clearing The Air Around The SHIBE Coin
...some words from the developer

Greetings. I thought I would write a few thoughts to help clear the air around the release of our coin The Shibe Coin. The amount of interest in this coin and the way it has exploded after launch far exceeded expectations and has been great fun. But, I have also been somewhat saddened by the tremendous amount of FUD being purveyed much of which is pretty far off base or flat out wrong. It is particularly saddening to me because I have fixed a lot of your pet coins behind the scenes, and built so many windows wallets for devs that couldn't be bothered to read the documentation in their own repos or who just couldn't get the build process to work. And so to me it is a bit of a slap in the face when I have tried to put something cool together for the community, to then read so much FUD on the forums and in IRC some spread by folks that I have bailed out in the past.

I'd like to address a few topics that I think need clarification, and provide a glimpse into our plan for the future.

First, with regards to DOGE, I think we need to set aside any adversarial nonsense and conjecture of that sort. SHIBE is not a ripoff of DOGE, it is not intended as a competitor to DOGE, it is supposed to be complementary to DOGE. I mined DOGE from launch, DOGE has been very good to me, the idea with SHIBE was to offer a PoS coin done right as a complementary coin to DOGE which has been more of a tipping coin and every day trade coin. SHIBE is intended to have more of a business and trading focus. It is well intentioned and not some biting brand dilution scheme.

Second, as far as AC and this supposed BTER statement, we are absolutely not associated with AC. Indeed, part of my motivation for pushing this coin out was because I lost a lot of money on AC and I knew I could do a good proof of stake coin. I rented rigs and mined that coin at a loss at launch, and bought up more because I thought it was going to be a hit and then I went to bed. And then I woke up the next morning to find that we all got burned.

Third, there has been some FUD about a wallet address supposedly holding some enormous amount of "instamined" funds. This address was our launch pool wallet. We had about a dozen miners on the pool at launch, that grew to maybe a couple dozen at a time shortly thereafter. Some people rented big rigs, I rented a modest amount of hash. The devs do not hold big wallets like some of the big investors in the coin who went big with hash or bought up the market. I'm not really in this coin to get rich off of a coin launch, I'm in it to build a platform.

My vision really is for SHIBE to be a vehicle for a lot of other ideas, and to be an inclusive community with other coins like Blackcoin, DOGE, etc. Every coin needs to have a purpose and a reason for existing, a niche in the market. To me coins like Blackcoin and Unobtainium are in the luxury niche, Blackcoin has exceptional branding that has a prestige and luxury feel and is the kind of coin I could see using to buy luxury watches and that sort of thing, at least thats what it is to me. Doge is the fun coin that doesn't take itself serious that you can mine and tip around to your friends without thinking about it too much. Doge got me started with mining cryptos. Quark is the coin that won't stop ticking with the unstoppable community that had great publicity at the end of last year. And many others.

SHIBE is the coin for innovation, trading and wealth storage, the coin that drives the development of crypto solutions in the scene.

There are a bunch of things in the works for SHIBE that have been held somewhat close to the vest as we want to have sites and information ready first and frankly we want to get through the pure PoS transition before turning our attention to these programs. I'll note a few of these in brief, more detailed information will be forthcoming in the coming week.

First, is the SHIBEX Fund. The concept is to do something similar to the Winklevoss's fund for Bitcoin but on a much smaller scale, providing micro investments and technical and management guidance to help foster growth in the ecosystem. You can follow @SHIBEXF on Twitter for now and watch for further announcements.

Second, is Shibidends. This is a dividend program that will pay out to SHIBE users from a goodwill fund funded by participating vendors. We have an exchange and a payment solution in progress that will participate in the fund. A portion of the fees from these is going to be set aside as goodwill to reward the community using SHIBE. Unlike other programs you don't need to register for anything or buy anything. It will be like a stake on your stake.

These are projects by the dev team to support SHIBE. In addition we also have the Shibe Council representing the community and guiding the evolution of the coin.

The dev team behind this coin has a lot of professional experience and is committed to the long term support and growth of the ecosystem.

Best wishes,

Energion

Doge is a great coin with a community. This is just a cheap copy for the dev to cash in on and offers nothing, just like 100 other clone alts with no long term plan. The ninja launch with 56 blocks insta-mined before the announcement and the highest blocks rewards at the start make that obvious. As soon as the PoW is over, they will cash in and this coin will be forgotten as quick as it started. To release this shitcoin the same day as Doge was introducing their NASCAR team shows how classless they are in their attempt to make a quick profit.

In case someone is still dumb enough to believe the pumpers and their this is a '100% legitamate coin' LOL:

The dev has already admitted to insta-ming the coin before the announcement was made and the block explorer shows the mining began over AN HOUR before the announcement was posted here.

https://bitcointalk.org/index.php?topic=595767.msg6609494#msg6609494

Shibecoin Is The New Doge Ripoff And Latest Altcoin Ninja Launch

http://altcoinherald.com/shibecoin-new-doge-ripoff-latest-altcoin-ninja-launch/

Shibe Coin, a complete ripoff of Doge Coin, likely a scam - an article by The Cryptocurrency Times

http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/shibe-coin-a-complete-ripoff-of-doge-coin-likely-a-scam/

The 50 blocks that were mined before the announcement was made contained the highest rewards and amounted to 6,250,000 coins out of the total of 252,500,000 mined during the PoW stage. That equals 2.5% of the PoW coin total + an additional 1,500,000 coins from the announced 0.5% premine. 8,750,000 coins were mined BEFORE the announcement was even made..

The coin was announced at 3:03 PM EDT The block explorer shows there were 56 blocks mined BEFORE the coin was announced and wouldn't you know it, those are the blocks YOU made to have the largest rewards. To say the coin was not insta-mined both BEFORE and after the announcement was made is simply not the truth. People need to know this before investing or believing the hype.

http://192.227.251.74:8888/chain/ShibeCoin?hi=59&count=60

Code:

57 2014-05-04 19:04:48 1 100000 1.009 6950000 0.018912 2.61897 0%
56 2014-05-04 19:01:50 1 100000 0.84 6850000 0.0171296 2.61691 0%
55 2014-05-04 19:01:00 1 100000 0.63 6750000 0.0168056 2.61633 0%
54 2014-05-04 19:00:35 1 100000 0.473 6650000 0.0167708 2.61604 0%
53 2014-05-04 19:00:26 1 100000 0.701 6550000 0.0169213 2.61594 0%
52 2014-05-04 18:58:57 1 100000 0.526 6450000 0.0161574 2.61491 0%
51 2014-05-04 18:58:46 1 100000 0.526 6350000 0.0162847 2.61478 0%
50 2014-05-04 18:57:46 1 125000 0.789 6250000 0.0158449 2.61409 0%
49 2014-05-04 18:55:51 1 125000 0.763 6125000 0.014838 2.61275 0%
48 2014-05-04 18:54:53 1 125000 0.572 6000000 0.0144792 2.61208 0%
47 2014-05-04 18:54:15 1 125000 0.429 5875000 0.0143519 2.61164 0%
46 2014-05-04 18:53:31 1 125000 0.643 5750000 0.0141551 2.61113 0%
45 2014-05-04 18:48:42 1 125000 0.482 5625000 0.0111227 2.60779 0%
44 2014-05-04 18:48:39 1 125000 0.362 5500000 0.0113426 2.60775 0%
43 2014-05-04 18:47:58 1 125000 0.271 5375000 0.0111343 2.60728 0%
42 2014-05-04 18:47:27 1 125000 0.203 5250000 0.0110301 2.60692 0%
41 2014-05-04 18:47:22 1 125000 0.152 5125000 0.01125 2.60686 0%
40 2014-05-04 18:47:01 1 125000 0.147 5000000 0.0112847 2.60662 0%
39 2014-05-04 18:46:03 1 125000 0.125 4875000 0.0109028 2.60595 0%
38 2014-05-04 18:45:12 1 125000 0.094 4750000 0.0106019 2.60536 0%
37 2014-05-04 18:45:01 1 125000 0.07 4625000 0.0107639 2.60523 0%
36 2014-05-04 18:44:57 1 125000 0.052 4500000 0.0110069 2.60519 0%
35 2014-05-04 18:44:50 1 125000 0.039 4375000 0.01125 2.6051 0%
34 2014-05-04 18:44:41 1 125000 0.029 4250000 0.0114699 2.605 0%
33 2014-05-04 18:44:38 1 125000 0.022 4125000 0.0117824 2.60497 0%
32 2014-05-04 18:44:31 1 125000 0.016 4000000 0.0120718 2.60488 0%
31 2014-05-04 18:44:28 1 125000 0.012 3875000 0.0124306 2.60485 0%
30 2014-05-04 18:44:21 1 125000 0.009 3750000 0.0127662 2.60477 0%
29 2014-05-04 18:44:16 1 125000 0.007 3625000 0.0131481 2.60471 0%
28 2014-05-04 18:44:03 1 125000 0.005 3500000 0.0134606 2.60456 0%
27 2014-05-04 18:44:02 1 125000 0.003 3375000 0.0139468 2.60455 0%
26 2014-05-04 18:43:59 1 125000 0.002 3250000 0.014456 2.60451 0%
25 2014-05-04 18:43:57 1 125000 0.002 3125000 0.0150116 2.60449 0%
24 2014-05-04 18:43:55 1 125000 0.001 3000000 0.0156134 2.60447 0%
23 2014-05-04 18:43:54 1 125000 0.001 2875000 0.0162731 2.60446 0%
22 2014-05-04 18:43:52 1 125000 0.0 2750000 0.0169907 2.60443 0%
21 2014-05-04 18:43:50 1 125000 0.0 2625000 0.0177778 2.60441 0%
20 2014-05-04 18:43:48 1 125000 0.0 2500000 0.0186458 2.60439 0%
19 2014-05-04 18:43:47 1 125000 0.0 2375000 0.0196181 2.60438 0%
18 2014-05-04 18:43:46 1 125000 0.0 2250000 0.0206944 2.60436 0%
17 2014-05-04 18:43:45 1 125000 0.0 2125000 0.0218981 2.60435 0%
16 2014-05-04 18:43:44 1 125000 0.0 2000000 0.0232639 2.60434 0%
15 2014-05-04 18:43:41 1 125000 0.0 1875000 0.0247801 2.60431 0%
14 2014-05-04 18:43:40 1 125000 0.0 1750000 0.0265394 2.60429 0%
13 2014-05-04 18:43:28 1 125000 0.0 1625000 0.0284375 2.60416 0%
12 2014-05-04 18:03:10 1 125000 0.0 1500000 0.00282407 2.57617 0%
11 2014-05-04 18:02:01 1 125000 0.0 1375000 0.00228009 2.57537 0%
10 2014-05-04 18:01:16 1 125000 0.0 1250000 0.00199074 2.57485 0%
9 2014-05-04 18:00:35 1 125000 0.0 1125000 0.00173611 2.57437 0%
8 2014-05-04 18:00:09 1 125000 0.0 1000000 0.00165509 2.57407 0%
7 2014-05-04 17:59:15 1 125000 0.0 875000 0.00126157 2.57345 0%
6 2014-05-04 17:58:14 1 125000 0.0 750000 0.000763889 2.57274 0%
5 2014-05-04 17:57:50 1 125000 0.0 625000 0.000648148 2.57247 0%
4 2014-05-04 17:57:22 1 125000 0.0 500000 0.000486111 2.57214 0%
3 2014-05-04 17:56:36 1 125000 0.0 375000 0.000115741 2.57161 0%
2 2014-05-04 17:56:24 1 125000 0.0 250000 3.47222e-05 2.57147 0%
1 2014-05-04 17:56:18 1 125000 0.0 125000 0 2.5714 0%