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Showing 8 of 8 results by DrPumpn PhDump
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Topic
Board Announcements (Altcoins)
Re: [ANN] [DBIC] DubaiCoin-DBIC دبي كوين
by
DrPumpn PhDump
on 03/06/2016, 21:23:58 UTC
Why many users on trollbox are saying dbic scam Shocked

Dubaicoin was made & pumped by a crew that has done a lot of similar coins. It is a scam. Look at the op.
Post
Topic
Board Altcoin Discussion
Topic OP
Is Ethereum a vast marketing fraud?
by
DrPumpn PhDump
on 03/06/2016, 08:29:41 UTC
As I try to research the actual value of Ethereum in the cryptocurrency economy I come across more and more evidence that it is a kind of good idea, one part of a general concept many people have been working on under various headings, but it is being sold as some major exclusive breakthrough. A 20$ improvement being marketed as a million $ advance in thinking.

First a person notices that there is not any organic activity to justify the valuation. Forums do not have the kind of activity they should have for something at that price. It is sort of like Ripple, an okay product, but nothing great, with a vast marketing apparatus pumping it higher and higher, a bubble getting ready to undo.

Looking at ethereum on Google Trends from January 2013 to January 2016, a person sees a steady increase in activity from December 2013, when it had a relative index of 5, to January 2013, when it scored 100. But if you extend the chart to January 2007 you see that the search term Ethereum peaked at 69 out of 100 in May 2007. https://www.google.com/trends/explore#q=ethereum&date=1%2F2007%20109m&cmpt=q&tz=Etc%2FGMT%2B10 In other words it appears that even the name may have been chosen because metrics had demonstrated it could be made to generate a false 'buzz' at a reasonable cost. Extending Google trends to today a person sees more growth but still May 2007 had 11% of the 'Ethereum search activity" that June 2016 has.

Buy? Sell? Hold?

It looks like a huge fraud getting ready to take a dump. One of thousands of "good ideas", but it is being marketed as "the best idea since bitcoin". What is it that convinced so many people that this modest step was some major breakthrough?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [DBIC] DubaiCoin-DBIC دبي كوين
by
DrPumpn PhDump
on 25/05/2016, 20:33:34 UTC
Dubai coin

A coin with a super fast emission and a premine.

Marketed to newbs who are not familiar with crypto.

Nothing innovative, even the code is copied.

pass
Post
Topic
Board Announcements (Altcoins)
Topic OP
Alphabet Coin Fund
by
DrPumpn PhDump
on 25/05/2016, 08:11:06 UTC
Alphabet Coin Fund. What can we say, except they forgot to make an ANN thread so ...

Why did they forget?

The maker of the coin appears to be an unknown person who generated a shitload of coins and then said they were worth $70 million. Then he gave some money to CCEX to help him pump this noncoin. Thanks CCEX. Helping scammers is what you do.

All that is known about them is from their website http://alphabetcoinfund.com/

Objective
 AlphabetCoinFund (crypto-symbol:FUN) seeks a high level of total increase in Net Asset Value (NAV) by investing primarily in a diversified global portfolio of crypto coins and securities.

Highlights

    World's first closed-end fund to specialize in crypto-currencies.
    World's first crypto-currency fund to trade as crypto-shares. (symbol:FUN)
    Value-oriented investment strategy from experienced crypto-portfolio experts, that opportunistically seek to identify undervalued coins and securities across the globe.
    Regular managed growth fueled by debt free fund total increases.
    Global diversification offers an expanded opportunity set and enhanced total increase potential with low overhead operating as the world's first traded Decentralized Anonymous Corporation (DAC) registered in the Decentralized Anonymous State (DASGOV.io).

Investment Strategy

The fund invests at least 80% in crypto coins and securities of which less than 20% will be of traditional non-crypto companies.

The fund may also opportunistically acquire crypto currencies, shares and traditional securities through exchanges of FUN (its pre-mined crypto shares that act as treasury stock). The fund does not use leverage, is debt free and provides complete public transparency of all assets and liabilities.


Available monetary supply
18,908,561.11

Market value
$4.030000

Net Asset Value
$77,108,191.07

The coins are all mined already, so kind of saves miners work. Some energy efficiency there.

Want to buy some? Just stop by Scam Central.

Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [DBIC] DubaiCoin-DBIC دبي كوين
by
DrPumpn PhDump
on 17/05/2016, 20:05:04 UTC
SCAM ALERT!!! This Coin Appears to be a Scam SCAM ALERT!!!

...
Supply: 10 500 000

Number Of Blocks: 280 000
Block Rewards:

1: ~ 1% Premine
2-100: 0 (instamine protection)
101-40,000: 100 (~ 1 month)
40,001-80,000: 50 (~ 1 month)
80,001-120,000: 25  (~ 1 month)
120,001-160,000: 12.5  (~ 1 month)
160,001-200,000: 6.25 (~ 1 month)
200,001-240,000: 3.125 (~ 1 month)
240,001-280,000: 1.5625 (~ 1 month)

...

hey guys in 24 hours with Hashrate 1TH  how many coins ?
...
you can take a Look here :

http://gcpool.eu/p3334/public/index.php?page=statistics&action=pool
...

Currently at block 260351


SCAM ALERT!!! This Coin Appears to be a Scam SCAM ALERT!!!
Post
Topic
Board Announcements (Altcoins)
Re: EDRCoin — Meet the brand new sustainable, energy efficient Cryptocurrency
by
DrPumpn PhDump
on 16/05/2016, 07:43:45 UTC
Hello!

Here we are:

Coins in total - 22.000.000
Algo - POS+SHA256
Premine is 3.500.000 coins

lol

Let's see.

A huge premine POS coin that has 90+% of its volume on Yobit and CCEX.

I'm going to go out on a limb here and say WHAT THE FUCK

~~~~~NEW PEOPLE~~~~~

PLEASE DO NOT PATRONIZE BLATANT SCAMMERS AND THEIR COINS.

They will not evolve into classy scammers.

This coin has SCAM written all over it.

Do not patronize Yobit and CCEX until they stop supporting blatant scams. They get a bucket of cash and their customers get burnt.

Market Cap is currently 6723 btc / usd $3,072,411.

The owners of CCEX do this to their customers regularly. They accept cash to list coins they know are worthless. Are they helping their customers by setting them up to get ripped off?

If 100 of your friends go to a clinic to get treated for the flu and all of them get knocked out and wake up with their kidneys missing, do you keep sending friends there? BOYCOTT CCEX
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] HICOIN XHI + [POLL] Is this Ethereum 2.0?
by
DrPumpn PhDump
on 10/05/2016, 04:55:15 UTC
Need advertising for your coin? I work very cheap. Send me a private message with an offer.

Do you have experience promoting scamcoins?
Post
Topic
Board Announcements (Altcoins)
Topic OP
[ANN] HICOIN XHI + [POLL] Is this Ethereum 2.0?
by
DrPumpn PhDump
on 05/05/2016, 17:19:01 UTC
~note~
Each voter is limited to 100 votes.
Please do not try to vote more than 100 times.


Saw this coin on Coinmarketcap and saw it had no Announce, so had to help out.

This coin already has a marketcap near 80,000 usd. It deserves a page.

What do we know about it?

-

From the front page of the website "Hicoin is a global currency that lets you send money to anyone, anywhere, anytime. Sending and accepting money is virtually free, lightning fast and insanely easy." That's wonderful.

Also from the front page "secure against the attacks other digital currencies face due to their reliability on large-scale mining operations" and "HICoin is the ideal digital currency for face to face transactions and all applications that value speed" and "You will earn rewards every few days, depending on the size of your holdings, adding up to 5% interest yearly." Those are also each wonderful, in a special way.

At this point a seasoned investor would ask "But does this coin have features?" Indeed, it does.
From the website
"HIcoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency."
"HIcoin is open-source; its design is public, nobody owns or controls HIcoin and everyone can take part."
"HIcoin network does not require the use of large-scale, specialized hardware operations."
"HIcoin is far more energy-efficient than traditional digital currency networks.'
"Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending HIcoins."
"This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments. Look for hicoin in more point of sale applications soon with recent addition to merchant services."

But wait. There's more. It also has specifications.
/ POS INTEREST: PoS (Proof-of-Stake) 5% yearly (from non-reserved wallet balance)
 / ALGORITHM: Scrypt
 / SYMBOL: XHI
 / BLOCK TIME: 60 sec
 / LAST POW BLOCK: 3600
 / TOTAL MONEY SUPPLY: 10,000,000,000 XHI
 / BLOCK REWARD: BLOCKS 1-10 (premine): each 1,000,000,000 XHI / BLOCKS 11~3600: 100 XHI
 / COIN POS AGE: Min. 1 hour / Max. unlimited
 / RPC PORT: 35288 (testnet 45288 )
 / P2P PORT: 35289 (testnet 45289 )
 / Coin maturity: 100 confirmations

So the total number of coins will be 10 billion plus a few. A premine of 10 billion, plus a few

And the coin is listed on C-CEX, which enabled Faucetcoin

Welcome!

Thank you for the listing  Grin

Amazing to see this added to c-cex and skip the voting stage Cheesy

~followed a little later by~

No nodes to sync for a very long period of time. Dev last online dec, 2015. If this will not be fixed - unfortunately we will have to remove DROP without any technical possibility to withdraw DROP balances.

I'll delete this Announcement when they get around to making a page.