Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [888] [SCRYPT] OctoCoin ◦ The Power of Eight ◦ Don't Blink
by
SquidsIn
on 25/10/2014, 15:20:47 UTC
It's about that time.

Richie at Bittrex hasn't heard from the devs (or a squids prefers 'dev') since the last double payout issue. He cancelled all orders on the 888 market this morning. Bholzer hasn't been about, neither have fusionhush with their magic pools they're making...

Ya know, in case this is a big steaming pile of turd... how do you go about claiming/re-purposing a coin once the devs fuck off?

It's de-centralised and open source so a community can pretty much do what it likes with a coin.  The latest source code is on GitHub; https://github.com/octocoin/octocoin

Given the very low hashrate i'd imagine it is vulnerable to anybody with a small number of ASICs who wanted to fork it and wrest control from the nodes that are still running.

What would you want to re-purpose it to though?

Problem is, the main reason to do that is because we all have a lot of time and money "invested" and convincing more people to buy-in (even if we had a great hook) would be hard to do when it looks like we are just wanting to be bailed out.  There's just no incentive and there are just so many shitcoins.  The altcoin market seems to be in meltdown as it is with volumes dropping and exchanges running off with BTC.

Technologically speaking it's not even a particularly great coin.  What that was going to make it something were the grandiose plans behind it, which, by now we're all starting to realise were pure fantasy.