Post
Topic
Board Announcements (Altcoins)
Re: [ANN][JPC]JackpotCoin#Unique JHA Algo#Ultra Fast Trans#1st True PoW/PoS Hybrid
by
allcrypt
on 29/06/2014, 03:15:11 UTC
Edit: U guys where also the ones who came with the voting idea to begin with when the exchange was not online yet

We did. We started it. And for that, I personally apologize. It was MY idea. I thought it was an awesome idea. Until everyone else grabbed onto it and turned it into a profitfest.

We thought voting was the most fair way to do it. And we realized that not every coin had a community. Some coins had financial backing. So we offered a way for everyone to make a difference. Vote with your people power, or vote with your wallet.

Our entire voting phase took in just over 17 BTC, 20% we pledged to donate to charity (It went to Seans Outpost, 3.59 BTC). The rest went to help cover startup costs.

Then everyone saw our awesome idea and jumped on it, copying it exactly.

And once people had 20 places to vote, we realized that voting was no longer a bleeding edge idea. Not one to kick a dead horse we dropped it without further ado.

And once we saw what the payment part had become - a game on the part of exchanges to profit off NOT adding a coin, we were glad we dropped it.

We are about transparency and integrity. Not screwing with you guys. Not holding out a carrot until you throw enough BTC at it (or stop throwing the BTC so that the carrot is less profitable).

So, for birthing that demon of a system, I apologize. It became a bastardized version of what I intended it to be, and I'm glad we got off that train.

We strive to add any coin that requests it. We've invested thousands of dollars into wallet servers to host all the coins we have. Once a coin seems dead we remove it. Obviously not all will survive. But we'd like to have any coin that at least has a pulse to have a home somewhere.