Quote from: thunderlei on June 24, 2014, 07:59:29 AM

Quote from: mammix2 on June 22, 2014, 11:34:50 PM

Quote from: MEGAman on June 22, 2014, 03:58:06 PM

Tell me: on what planet has a coin ever succeeded that had a premine over 3%? Because not on Earth. This piece of crap has a 6.5% premine. Odds it has a future: 0%

Thanks MEGA, for keeping the post active! Wink

is that sure that the premine is over 3% ? Please clarify it and there is already rumor going around in chinese forum, it is serious

Yes it is true - look at the blockchain. Combined with the 15 coin/block "foundation fee" the dev effectively premined 6.5% of the coins. Not even counting the BS "foundation fee" (basically another hidden premine) the actual premine portion alone is 40515 coins.

Block 1: http://bost.blockexplorer.cc/block/00000370c726547dc6b4c94420fb8e6b0a6c9045441baeaf9a8f5c54ee7a5647
Block 2: http://bost.blockexplorer.cc/block/000008b47fc69dd169cb10668ed9a563ccc244b900c039efeecc7e14e4475007

There were 11.7 million total PoW coins. Remember, premined coins receive PoS as well just like anything else - a premine is always based on total PoW coins (nothing else would even make sense).

So, 40515 out of 11.7 million is? About 3.5%. The dev lies and says (exact quote):

"1% Pre-mine"

Okay... so we already assumed this guy was dishonest. Now we have proven he is a liar (or at least terrible at math). Nothing here is good for the future of "Boostcoin." (I put it in quotes because the name is so stupid it cracks me up).

Then he takes 15 coins out of every 515 coin block with some BS explanation of his "foundation fee" - the "foundation fee" is actually just his wallet. 15/515 is about 3%.

Add the two together, and the dev effectively premined 6.5% of the coins. That's a lot of dumping fuel right there... and you know he rented some mining rigs to insta-mine a bit at the start. All scam devs do that on top of the premine because they are extra greedy.

This thing is garbage. Do not waste any more time or money. I am telling you - you will lose your money if you invest in this. Hundreds of coins out there better than this. Not every coin has a massive premine and a liar for a dev. Go buy some LTC, VTC, 888, NMC, or even just BTC - that's where I put my money. Unless something really blows me away with RESULTS and not just BS and lies I stick to the good stuff. These are coins with legitimate development, community contribution, and mature investors. Quit wasting time and money on bullshit pump-and-dump scams like "Boostcoin." By buying this coin, you are encouraging the continued creation of scamcoins. Look at the blockchain, research the dev, sit back and observe for a bit before jumping in (or even dipping your toes in). If a coin has only been out for a month or two, what's the rush? You won't miss the boat - I promise. Be smart - study the blockchain - think for yourself.

P.S. If you were curious, I got this BS negative "trade" rating because I called out a different scamcoin and people retaliated by giving me a negative trust rating. Guess what? That coin hit MintPal and tanked just like I said it would.