Re: {ANN} Square - POW/Dist Hybrid 5 M Total - Launch 07/01/14 12 PM EST SHARP!

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.

The goal is to have the IPO distributed a few hours after the launch of the coin. This will dry up supply and drive demand. It's a different model, we will see!

Do you even understand how the market works? You will dump the IPO coins on the market + miners will dump. There is no support here, pure dumping.

Yep I understand how it works. If there is market interest in the coin, buy orders will support the coin at 750 satoshis.

We will place the entire amount at a sell order of 750 sats. If the market is interested, they will buy.

What will you do with the IPO proceeds? Will there be any transparency of those bitcoins?

Hard-wallet, professional website development (not a clone), mobile wallets etc. We accept solicitation to our email for those services and many more. We want to pay for quality development.

Many coins have this without the IPO and/or premine. This is just a lame excuse. 26btc for those things - hmmm, please hire me, you must be paying some hefty salaries )))

If your qualified and can produce a quality product, please contact us at squarecoin@outlook.com

Make sure to be watching twitter https://twitter.com/squarecoindev and IRC https://kiwiirc.com/client/irc.freenode.net/squarecoin for the wallet password at launch!