Post
Topic
Board Announcements (Altcoins)
Re: {ANN} Square - POW/Dist Hybrid 5 M Total - Launch 07/01/14 12 PM EST SHARP!
by
anarchyx914
on 01/07/2014, 14:56:17 UTC
Does anyone realize this about the coin?

The IPO is going to suppress the coin price to 750 satoshi until its all gone.

750 satoshi x 150 coins (block reward) = $0.75 per block (compared to say RAZOR at $50 a block)

It's going to be cheaper to buy into the IPO than to mine. As a matter of fact, you'll likely LOSE money on electricity to mine this coin until the entire IPO is bought.

Mined earnings are contingent on the entire IPO being bought/sold, seems like a scam coin to me.