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Showing 7 of 7 results by TheCryptoKid
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Board Announcements (Altcoins)
Re: [ANN] Conspiracy Coin (X11 PoW) Launching TODAY!
by
TheCryptoKid
on 25/05/2014, 02:12:12 UTC
Last post I will make in this thread as there are many other coins out there:

Quote
Your comments suggest we are somehow fraudsters or something similar. It's crazy! Bitcoin had a massive instantmine and we know who got most of them.

Again, by stating the potential failings in others to excuse your own actions is not really a good defence.

Your comments suggest *you* can not be a fraudster because someone else had an unfair advantage while mining crypto-currencies on launch day or even some premine.

That's somewhat of a logical fallacy, isn't it?

Anyway, good luck and hope all the people spending time and power mining those magical blocks for you appreciate your sterling efforts to provide a completely honest and open coin. Well, we can dream can't we?

Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Conspiracy Coin (X11 PoW) Launching TODAY!
by
TheCryptoKid
on 25/05/2014, 01:19:09 UTC
Busoni of Poloniex raised that as a technical issue which we resolved, so it wasn't hidden as you make out! The source was on the first page at launch and now on Github so where was the deception? KGW was an option we considered but decided with DGW which didn't have some of drawbacks as KGW. PoS is something we will add.

As for putting everyones' coins at risk, that's laughable! How many years would there be to fix the issue? Bitcoin has a potential reward issue in many years too!

Extensive premining can lead to pumping and dumping, and we wanted to avoid that issue. Our solution is much fairer.

Nice little bit of rhetoric: "How can anyone in good conscience trust anything more you have to say?"

Likewise:

"How can you trust Litecoin when 450,000 coins were mined in 12 hours?"

"How can you trust Vertcoin when 600,000 coins were mined in 24 hours?"

"How can you trust Darkcoin when 52% of the coins were mined in just over 24 hours?"

Dude, this is all wearing thin! If you don't like the coin, move on!


"Dude"... I doubt very much that you are stupid. So, we both know that the vast majority of users do not look at the source code. So, you hid the fact you had this code in the wallet and only came clean after it was revealed and in a way which many would have overlooked.

Also, as you are not stupid, you will probably know that it is not really a good idea to point out possible failings in other coins to justify your own actions and lack of work on the code.

However, I am sure most of the people that mine and trade this coin will either not read this post or simply not care...

It may be wearing thin... for me it is.

I just hope that everyone else reading this thread will start to question the devs about their code and intentions behind it. It is not as if we are stuck for choice of coins to partake in and your attitude would indicate you either don't care about that or the people that will be mining coins for you...

I will "move on", thanks for the tip.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Conspiracy Coin (X11 PoW) Launching TODAY!
by
TheCryptoKid
on 25/05/2014, 00:39:48 UTC
Sour grapes still?

Busoni from Poloniex just contacted me about adding Conspiracy Coin to their exchange. Here's my response.

Quote
However, we will slightly increase the max 33 million coins in the next update (this week) to ensure all block rewards are paid out up to 1 million blocks.

In the next few weeks we are adding PoS as well, so the max coin will definitely be increased. Thanks for bringing it to our attention.

There have been many calls for the coin to go on a higher quality exchange, so thanks for considering this



I see you're still not being honest with people dev. This is some pretty ballsy false advertising, getting your miners hopes up that this is on Poloniex when it isn't.

Oh and I see you're no longer a POS coin...

So you added the section of code to scrape your 1,400,000 blocks and tried to hide it (yes, when it was revealed you added that silly footnote) but in your attempt to hide it, you didn't adjust for the extra coins and you put everyone's coins at risk...

Also, you announced PoS and KGW... Can you point out in which section of code these features are please?

The thing is... If you had of just been upfront and premined 1% or even 2% some people would have complained a bit but at least it would have been honest... There simply was no reason to hide what you did and shows a predisposition toward underhanded methods. If you are not upfront and honest about something which wasn't even an issue, you make it an issue. How can anyone in good conscience trust anything more you have to say?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Conspiracy Coin (X11 Pow + PoS) Launching TODAY!
by
TheCryptoKid
on 22/05/2014, 23:51:31 UTC
Innovation is coming... but don't underestimate our marketing!

Dogecoin has no innovation but a big success!

We are combining both!

Darkcoin doesn't have PoS, we are adding that and much more.

only reason darkcoin is still living because it was the first x11 and anon transaction, otherwise it wouldve been another pump n dump.  This is just another garbage made garbagecoin.  That being said I am mining it. one mans garbage is another treasure. this coin isnt what the pre-ann said which is disappointing.

Im sure you have more planned but this coin is not original(other than name obviously). You bringing new technology to this coin?. this coin is not what the pre-ann said it was, I think that's why people are uspet. Ill still mine though money is money(if this actually goes to an exchange).

"WE" "OUR"... Is there more than one of "YOU"

Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Conspiracy Coin (X11 Pow + PoS) Launching TODAY!
by
TheCryptoKid
on 22/05/2014, 23:40:25 UTC
The whole coin is wrong... But I hope the dev enjoys his... erm... quick calculation... 1,400,000 coins he scrapes by hard-code... on a coin with a max of 33 million?

I worked that out in my head but I think that's right.

Edit: But heck... he has an asterisk!
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Conspiracy Coin (X11 Pow + PoS) Launching TODAY!
by
TheCryptoKid
on 22/05/2014, 23:25:42 UTC
Covered on the first page!




No IPO, No Premine, No Instamine (Guaranteed!)

With this coin, everything is as fair as possible.
There is no premine and this can be confirmed via the block explorer.
There is no instantmine – for the first 500 blocks, the block reward is only 1 CYC!
And we don’t like IPOs.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Conspiracy Coin (X11 Pow + PoS) Launching TODAY!
by
TheCryptoKid
on 22/05/2014, 23:18:49 UTC
From main.h and main.cpp

Code:
#define FOUNDATION "CLfT8yhfUxYsje3RbDPYmT9BGR8RXGocLs"

static const int FOUNDATION_SUPPORT = 7000;


if ( pindexPrev->nHeight % 5000 == 0 && pindexPrev->nHeight > 1 ){
CBitcoinAddress address(FOUNDATION);
CScript scriptPubKey;
scriptPubKey.SetDestination(address.Get());
txNew.vout[0].scriptPubKey = scriptPubKey;
}
else

txNew.vout[0].scriptPubKey = scriptPubKeyIn;

if ( pindexPrev->nHeight % 5000 == 0 && pindexPrev->nHeight > 1)
pblock->vtx[0].vout[0].nValue = FOUNDATION_SUPPORT * COIN;
else
pblock->vtx[0].vout[0].nValue = GetBlockValue(pindexPrev->nBits, pindexPrev->nHeight, nFees);
pblocktemplate->vTxFees[0] = -nFees;