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 
You think scam ---- i think good.
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.
Biomech,
Thanks for posting. I should say first that I know nothing of TEK or its dev team. So while i'm sure i've made many mistakes in life, i can say with certainty that mistaking you for one of the devs hasn't been one of them
Oops, that was my mistake, it was the other guy
Quote
I'll stand by my post you've quoted above, the wallet is excellent. Coin control? Masterful... I don't doubt the many hours of work that went into it.
That said, your admission that there was talk of a fork in the TRK thread weeks ahead of time really doesn't help your argument. If the scam wasn't intentional, why not announce the HYP fork 2 weeks in advance? 1 week? 5 days? 3 days? No? How about 1 single day? Not even.
actually I didn't mention a timeframe. I was first aware of it the day before it happened, because someone, who I honestly don't recall right now, pointed me at it as they knew I was something of a fan of Presstab's work. He really prettied up the TEK wallet, and had, as I mentioned, helped me with a number of knowledge issues regarding compiling wallets, and Linux in general. But in going back through the thread, I saw him and a few others talking about doing something like HYP roughly 5 days before he did it. I'm working from memory here, so that's not likely accurate.
I bought in with BTC shortly before the launch, and I did a private trade of TEK for HYP for the rest of my beginning stake. You can see the details of that in my trust ratings, because the gentleman I dealt with was kind enough to give me positive rating for a transaction that went well for both of us.
What you won't see is that during an emergency I sold the bulk of my holdings for 1800 sats apiece, which I did indeed profit off of (as far as the coin goes, IRL it was a loss because, well, that's the nature of emergencies). My current holdings are all from staking, and I have been at a theoretical positive ROI for quite some time. As I have no intention of selling until and unless I reach above 15K HYP, the profits on my current holdings remain theoretical. But my support for the dev team remains solid. Have they done everything right? No. Have they been transparent in what they are doing all along? Yes. Am I biased by my ongoing friendship with Presstab? Again, yes, but I still believe that my analysis is as objective as yours, at the very least. I have become quite friendly with David in the course of this, but prior to HyperStake, I had only ever interacted with him on the TEK thread, and not very much even then. I only learned he was French after the launch of HYP. Sorry David, but you're the first frenchman who hasn't pissed me off
I am not concerned that the dev team are the highest holders. I actually like that, because it gives them incentive to keep things moving. I encourage everyone to do their own due dilligence on ANY investment. I got into this one with the expectation that I would lose everything. I did it for fun, and because of my friendship with Presstab. That instead, I have profited and continue to do so? I'm totally good with that. It could have and maybe should have gone the other way. But that is the nature of an experiment.