Oh well cant say i am happy, not just the price falling to near nothing already but being i put in the same amount as the PINK guy
He apparently got 10 seeds at 0.1 = he now has 3600+
I got 10 seeds at 0.1 i have about 250+
Seems like a total scam now, it looked good till the dev let the pink guys own the coin and get AMAZING staking advantage, as day ago one of the fixes was to make sure his first day 900 held down so we caught up wasn't it?
In the real world this would be insider trading and possible fines or jail time where i live
Shame i think we all just wasted time and money now with the new race to the bottom well on its way.
The DEV even admitted that 5 or so people had told him what they would do to manipulate the staking days before it was out, and he forgot to tell all the mugs? (mugs = all of us that will lose)
I can BS on all levels now, from scam to insider trading and no TESTING!! or maybe testing in the PINK guys advantage, i just cant see how i brought the same amount and guys have 10 times+ what i do, its call BS, BS on all the different wallets and do this do that, BS for people that didnt stake at all yet as they brought in and still have no idea what a load of shit has been going on.
Good lessen but, stay the fuck away from PINK and SEED both seem to be scammers, but one day they get whats coming, karma is a bitch
It's all in the hands of the community. And I said a couple people contacted me about whether holding for days before growth would work, which means 2. I felt really bad about it at the time, but it is spelled out clear as day in the specs and in the code, I just had never thought of it. I decided it was a clever tactic and told people that I would leave it up to them whether they wanted to bring it to the attention of the community. As it happens, someone did in fact end up pointing it out nearly a week ago, early enough for everyone to take advantage of it at some level. But even then, at the time it was clear by looking at the rich list that half of people were already using this holding tactic. 6 out of the top 10 at the time were NOT staking through the entire mining period.
I haven't provided any special help to the pink team. As a matter of fact, fayoling is the only member of the pink team that's doing so well, and after speaking with him about it later - there was apparently a lot of luck involved.
Of all the people in the top 10 positions, I know who only two of them are, and only one of them is a member of the pink team, and what he did he did in private on his own.
Fayoling is at the top because he saw potential here and he invested early in the ico, because he had a strategy early on that I hadn't thought of, and because he got lucky. There are other members of the team which have invested far more and find themselves barely in the top 50.
The design of the distribution of SeedCoin was created to favor intelligent, long term holders capable of developing a strategy to maximize their potential ownership of the coin, and not people that could just throw more money at it. The people who have significant portions of coins right now have them because they have a solid strategy, and have taken the time to stay up to date on developments through the ups and downs that we've unfortunately faced. They are the people that have most dedicated themselves to becoming the primary holders of SEED, and I know very few of the top holders, or even of the top 50.
To summarize, Fayoling and the Pinkcoin team had no significant advantage, and fayoling is the only member of the team doing nearly so well in seed. The next runner up from the Pink team that I know of barely has a 10th as many coins, and has invested much more than 1BTC.