Quote from: Mpare on July 04, 2014, 01:32:11 PM

Quote from: MEGAman on July 04, 2014, 04:58:34 AM

Quote from: CrystalClear on July 04, 2014, 04:35:38 AM

Quote from: MEGAman on July 04, 2014, 04:25:23 AM

Quote from: smokim87 on July 04, 2014, 03:40:14 AM

Don't know and never heard of MEGAman. I just hate to see a coin die, i did invest in Boost but got out as soon as I found out the Dev had past coins that seem deserted. I luckily broke even on this one but it really pisses me off to him fuck over his investors over and over and over again. How the hell does a dev be able to manage 3-4 coins all at once?

He can if they are all clones of each other. x13 POW/POS, x15 POW/POS...all same with different names. Same premine, same royalty on each block. No new features, promises of anonymous transactions than changing his mind after he realized he has no idea how to do it. Now hes playing the "Tor" card, its already built into the wallets of every alt just needs to be activated. Nothing new here, the dev really thinks he got Boostcoin on btc38 but it was the community that believed in him and look what hes going, creating more coins and more coins just like a fucken ponzi scheme. When the first dries up of investors, he moves onto the next.

I've been in the alt crypto scene since it started and let me tell you I've seen 100s of coins like this they eventually end up dead. No volume on exchanges, a few posters that are still holding on their coins hoping for a miracle posting here. It does become quite depressing.

Have nothing against the community on the contrary, I find it unfair for people to loose on this coin and his other coins so yes this is directed to the dev.

Check out his coins, he must be a really really really busy guy, 4 coins, 4 foundations bringing in nice profit. Some nice cash flows if you tell me.

This is why I am so opposed to these scams. The scammers keep lining their pockets with profit while newbies and suckers keep buying into this crap. Anybody that says they don't care about a 6.5% premine has no business trading cryptocurrency until they educate themselves a bit. I don't think these people should lie and get away with it. They damage the reputation of altcoins and damage their future all while stealing from people. This isn't a good thing and I'm not going to feel bad about calling them out.

Just face it, people are dumb. Everyone is just trying to make money off from the pump before the massive dump, it's the risk they're willing to take. The dev is nothing more than a copy and paste dev that credits himself for hard work from everyone else.

I just don't understand why they wouldn't want to take a chance on a coin with an honest dev that at least gives a crap. A 6.5% premine guarantees the dump will come fast and hard - at least with a fairly distributed coin with a low (or no) premine and a longer PoW phase the cliff, even if it comes, won't be nearly as steep. All of these coins with huge premines, insanely brief POW phases, and then a transition to POS-only (they also use the POS-only stuff to disguise the size of their premine) are just getting out of hand. Somehow people keep buying them! I mean a percentage of every block going to the "foundation"? It's the dev's pocket and he will just use it to dump on everybody like the rest of the premine which kills the value even further. Frustrating.

Well said. A shitcoin is a shitcoin no matter how you see it. It's just that people get emotionally involved with every coin they hold and refuse to accept the facts. If you are experienced enough to sell in the pump that's fine for most i believe. But you're right. This trend has to stop. There are many worthy coins being forgotten or missed from the countless shitcoins out there. Do your research, invest long term in good coins. Just my 2 cents.

i wouldn't say all coins with premine are a scam but most are especially those with short pow phase but seriously how many times do people need to repeat the cycle of being scammed before they realize that scamcoins are only profitable to those on the inside? denial is a bish lol......