Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN] Griftcoin [GRIFT] | X17 PoW | PoS | 1st Proof-of-RAM | Limited IPO
by
Grifter
on 14/07/2014, 09:15:49 UTC
Grifter, I don't need to fabricate anything to point out the absence of reliable information about what you are trying to sell us through an IPO as there is nothing.


There is certainly an absence of reliable information at this stage which is why we haven't even opened up the IPO yet. In this market, releasing information too soon is detrimental to a successful launch and opens the doors for competitors to duplicate and release them in close proximity. You seem quite upset that we opted to go with the X17 algo - if that is an issue for you, for whatever reason, there are plenty of other coins out there with other PoW algorithms. X17 has been defined for months and we just happened to be one of the first coins to implement it. We didn't invent the X17 algo, the coins your are referencing didn't invent it, and even if we aren't the first we are one of the first coins to put it into production. Also, Proof-of-RAM is an entirely new concept and is completely unrelated to whatever you continue to liken it to. The PoW phase is standard X17 and has absolutely nothing to do with our exclusive Proof-of-RAM implementation which was developed 100% in-house and has never been leaked. Again, no detailed information on any of this has been released because we are still a week away from opening the IPO. We certainly hope nobody would buy into an IPO based on the information currently available - there is virtually nothing here yet.