Shameless. I've never seen the same case in other coins, even the most shit one.
What attracts ppl to the crypto coin world? Mathematics. No one can take the control of coin production, only mathematics can do it.
You post mine, you break the agreement, the coin lose the credit, the trust.
Let the coin die silently.
=========== Shameless greedy team.
Currently the price in bittrex is already quite low. Do you know why? because most of the early enthusiasts now despise the team, and lose their trust on you.
in fact, we don't see that @nud has the same sound with you, julian sheen so mostly we only despise you, julian sheen.
Even you ignore the fact that the majority of us enthusiasts bought at 8K-20K, you still can't assume you HAVE THE UNQUESIONABLE RIGHT to buy even below the average cost of miners. Don't mention the shit price at 1k that some miners use free electricity or free computers.
If you have confidence that NUD would worth 100K, buy at even 10K would still be profitable enough. Why just take the current users as hostage? Too low, too nasty.
No more shameless than other premined coins. Dev needs an incentive to work like everyone else, although it was clearly a mistake not to announce a premine up front (or instamine a boatload at launch like others do).
Sorry for being a bit of a skeptic, but the dev said that those ring signatures would be ready in time for breakfast (literally). I've had dinner already.
Business plans are non-existent in this context since this is not a business, the failure is mainly due to the assumption that most would be wise enough to look out for their best interests which was clearly an unreasonable assumption on my part.
What about the hard fork giving yourself a "post-mine" = problem solved?
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Re: [NUD ₦ ] New Universal Dollar | Bcrypt | 0% Pre-mine | First Anonymous Crypto
The thing with NUD is the team is too honest, almost to a fault. Do people think talented C++ devs work for free? Do you guys think Mr. NUD (I'll refer to him as Mr. NUD to differentiate between the guy and the coin) is the only developer? There are obviously many players at work behind the scene and a lot of them don't give a fuck about the coin. They want to get paid. Why are crypto developers expected to work for free while whales get rich off their efforts?
If there is a premine or IPO, everyone bitches. If there is no premine and mining is fair, no one contributes shit. I just wanna see honesty. I wouldn't even give a shit if a coin launched with a 2% premine and the dev came straight out and said "I'm pocketing these coins because I'm not working for free" if he actually delivered.
"Oh, but BC, VRC, XC all had no premine. They were so fair and the devs tirelessly work on the coin for free because they believe in crypto" Bullshit and we all know it. They launched their coins with zero features and flooded the market with the entire supply of coins practically overnight. If you think these devs weren't buying up truckloads of their own coins dirt cheap before launching their killer features, you are living in a fantasy world. Dan Metcalf from XC arbitrarily decided to cut off PoW mining because he didn't want his share diluted further.
+1 Excellent said.
+2
I'll also part with some. Question is where/how?
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Re: [NUD ₦ ] New Universal Dollar | Bcrypt | 0% Pre-mine | First Anonymous Crypto
"Shadowcoin was developed to facilitate credit transactions within the shadow banking system (hedge funds, money markets, derivatives, other unregulated instruments). Shadowcoin will be introduced into the shadow banking system to provide a frictionless unit of value providing much needed liquidity outside of the depository banking system."
Some people just don't read. Great to see actual features and not fluff. This week should be very exciting.
What "actual features" besides encrypted messages? There have been lots of coins claiming to aim at specific markets, e.g. appcoin, pokercoin etc. None have been remotely successful. The shadow banking market is the largest in existence. Of what use, exactly, would this coin be to the banksters, who already have an infinite supply of shady monetary instruments?
Is the mixing feature available in the current version or is it a work in progress?
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Re: [NUD ₦ ] New Universal Dollar | Bcrypt | 0% Pre-mine | First Anonymous Crypto
by
bingoberra
on 28/07/2014, 11:17:35 UTC
Yup, mining solo is very hard right now. A low-end CPU could probably run for months without finding blocks. Better to just buy on Bittrex until an external miner + pool is available. NUD is extremely cheap considering the high diff.
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Re: [NUD ₦ ] New Universal Dollar | Bcrypt | 0% Pre-mine | First Anonymous Crypto
It will never use exactly 100% as other services are always running, but if you are using all cores it should show up as using probably 90-99% in your system monitor. High-end CPUs have performance to spare and will use a greater portion and vice versa. You can also force how many cores (physical/logical) are used with e.g. "setgenerate true 8".
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Re: [NUD ₦ ] New Universal Dollar | Bcrypt | 0% Pre-mine | First Anonymous Crypto
Yeah, there has got to be someone with access to some cheap or free servers mining this. NUD is getting okay volume on bittrex, but it all comes it spurts. Even though I don't use c-cex, I noticed this happening over there too. NUD can be quiet for hours, and then someone comes along and dumps 15-20k all at once. I can't be the only one who has noticed this. There are 28.8k NUD mined daily, so whoever it is represents a large portion of the total network. If no one comes up with an external miner soon, NUD is gonna get dumped into the dirt.
Guess it's not all bad though. The price isn't that important at this stage, and if NUD wanted to live in the 1000-3000 satoshi range for a while, I will gladly scoop up those daily dumps.
+1. Now is a great time to buy the most promising altcoin out there. It's already ahead of most at this early stage.
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Re: [ANN][NUD ₦ ] New Universal Dollar | Bcrypt | 0% Pre-mine | First Anonymous
by
bingoberra
on 17/07/2014, 21:28:28 UTC
Nice work cleaning up the announcement. Any plans for a slightly more sophisticated logo?
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Re: [ANN][TRI]
by
bingoberra
on 16/07/2014, 23:10:00 UTC
2 blocks pre mined and 50000 blocks instamined, because? You know why