Post
Topic
Board Announcements (Altcoins)
Re: [ANN][NUD ₦ ] New Universal Dollar | Bcrypt | 0% Pre-mine | First Anonymous
by
SquidsIn
on 03/07/2014, 08:00:36 UTC
Well, considering that you probably also hold some NUD, I understand that you may think that it is best to mute me so no one looking into this thread will become aware of the scams that were ran using NUD. But a good altcoin doesn't need such tactics. We can work together to create an altcoin community which is actually perceived as a benefit by all involved parties, with no exchanges being scammed, no one noticing that his coins are gone, etc.

It is not rocket science to run a coin in a reasonable way. But it requires the dedication to actually do so.

No one is denying the fact that scams were ran on NUD by scrypt miners exploiting a bug in the early release, thus it was decided upon that the "scammers" will be rewarded 10% of their scrypt mined coins for their contirbution to the network for revealing the bug. If you don't think that the decision was just you can freely open your own thread and start a fork, I very much doubt that you'd get a lot of followers that are willing to sabotage the well-being of the network in exchange for their unjustly mined NUD.

The decision was made in such a manner as to upset the least miners, had we not reduced the fraudulently mined coins to 10% people would claim that I abused the bug to mine coins for myself (e.g. a premine).

Where there is original innovation there will always be bugs present, if you don't like that you might want to invest into some clonecoin.


Referring to the coins mined in the first few days as "fraudulently mined coins" is rather disingenuous.  They were mined by the ONLY means with which it was possible to mine them, because of a bug.  Nobody is perfect, you said you made an honest mistake, that Scrypt being enabled was a bug.  But, the network continued and until you announced the hard fork it wasn't exactly clear what was going to happen with the coin.  You might say those who continued to mine kept the faith and kept the coin alive whilst you came up with a game plan.  Most people, some begrudgingly at first (myself included), accepted the 10% exchange and moved on from that initial hiccup.

I would posit that most of the post-fork Bcrypt network comprised the same miners who mined NUD initially with Scrypt, certainly that's the case for myself.  If those who mined in the first few days ALL turned away, muttered scam and stopped mining then we probably wouldn't have an active network now.  I understand that you're short and impatient with FUDsters but referring to loyal day 1 miners as fraudsters and scammers is hardly endearing.  Shocked