Post
Topic
Board Altcoin Discussion
Re: [HYP] Let's take a closer look at HyperStake SCAM
by
Biomech
on 26/10/2014, 17:52:35 UTC
I watch TEKs & wanted to buy. waited & waited for price coming down. Then price crash and i think i should buy. Then look at thread & lot of problems with wallet and biomek the dev did not fix. I have hypcoin now instead. Devs always fix problem  Undecided

You think scam ---- i think good.

The technology side is good; the wallet is excellent.

It's the initial distribution and deception that make this a scam. A shame, really.

Two things, here, at Hypnotique.

One, my name is Biomech. It's an acronym from a long time ago for Biological Systems Maintenance Technician. It's come to mean a great deal more to me, to the point that it's my intent to make it my legal name.

Two, and you're not the first to make this mistake, I'm not the developer of TEK. I'm not even officially on the team. I am an avid supporter, I am friendly with the dev, and I do help out when I can. The same can be said of HyperStake. In neither case do I have any official involvement, but I do support it.

As for the accusations of malfeasance, I've known Presstab for quite a while. He's young, talented, eager, and sometimes temperamental. He's also pretty damned honest and always has been willing to help me when I hit a wall, especially with programming. Anyone following TRK was aware that he was planning to fork it and use the PRE EXISTING COINBASE as his initial distribution. We also knew he held a lot of TRK. To the best of my knowledge, the many TRK holder from before the fork who have NOT gone on to make a HYP wallet can still do so. (presstab can correct me if I'm wrong on that). I hold just shy of 6000 HYP, and am completely happy with where it has gone. I would have been happy with 1K satoshis. This was always an experiment, and Presstab has been excellent at implementing features that the user base has asked for. That so far the experiment has been vastly more successful than any of us envisioned does not make it a scam. Had it held to the postulates that most of us in at launch had discussed, by the time it made as much noise as it is now, Press would probably still be the number one holder, but it would be pretty even for the top 100 or so. Things moved fast. Not always a good thing, but there it is.