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Board Announcements (Altcoins)
Re: [PND]Pandacoin | First Hybrid Wallet | 5000% Faster Blockchain Download | Instant Sync
by
flapman1
on 21/01/2015, 01:25:46 UTC
I think it is about time the Pandacoin had the "great reveal". There's nothing to worry about from other coins; they're pretty much all dead, dying or obvious scams.  They don't have the organization, funding or community to pull off anything big anymore.  I think Paycoin will have been the final big scam: anyone who goes into a new coin after that would have to a bloody lunatic.  Bitcoin's ongoing demise is flushing the turds down the loo.  New money isn't flowing into crypto anymore; the same BTC is passing from coin to coin loosing value all the time.  Pandacoin has a chance to slip out of that mess and be one of the few surivors when the dust clears.  But to do so the developers need to stir themselves a bit and actually do something.  The past was grand but now is now.  Wallet updates and the like don't count.  There's been no reach out to the real world/general public whatsoever.  Only the usual wankers on Bitcointalk (and it seems a few odd Romanians) have ever even heard of PND.  See how that fellow IconicExpert has put innovation after innovation into dying Bytecent. It doesn't seem to matter as his reputation is radioactive and he's fiddled the mining in his favor but IE has the right idea at least in terms of how to push and grow a business if not the ethics to do so.

What's next on the road map? Do we even have a real road map?
Yeah, the devs have a roadmap, they've always had. It's internal tho. They release just as much as they fell comfortable with.

bdanyo explained most of it back in the days, it's a very competitive market, so there's justified concern that other coins may steal the ideas.

I'm not sure what's next, but I feel that the latest patch went a little overlooked.
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Board Altcoin Discussion
Re: THE BYTECENT DISASTER
by
flapman1
on 14/01/2015, 22:25:39 UTC
Ok, I'll bite.  Which country is it that is supposedly banned? All of you lot complain about banned regions but never name the region ...

Bytecent has a few odd bits that might not stand the light of day (especially re the mining) but on the whole is head and shoulders above 99% of the utter garbage out there now.  Whoever heard of using a Subway card to buy Alts? Bloody creative.

BYC has the usual problem of no buy pressure.  There's no demand for it, nothing to do with it except store it away and hope the value goes up.  Even Bitcoin couldn't pull that one off it seems.

The community of posters in Coinblab does vaguely smell of IE's socks.  That said I think that there quite a feel very real supporters out there as well.

The fall of Bitcoin will really shake the garbage out of the system.  If Bytecent continues on present trends it has a reasonable chance to survive the cull.



   I am convinced that there is a GPU miner and it uses IE and his team, maybe more GPU miners or modified CPU miners software, as someone already wrote before! Just pay attention to the reduced number of chains, only once at one time, the number of chains is reduced 10x! Excuse me, but it is impossible to contend with diff, it is not rational! It can not happen in one moment, just a moment !!! Is it a software bug or something else, we know who knows the answer to this question ...The people of Serbia have IE pointed to some problems, so that he is ``democratically`` bann, the entire region, so that they can not mining more than 60 minutes,no matter how many coins are purchased or have in the wallet,  which is unjust and undemocratic, though none of them were guilty or why, but he ignored the problem and hides the problem still, and i think that is superminer was his man, or perhaps he himself ...and i believe that a large number of chains IE directed towards to you and his team, so that they take a large number of chain stores, and also mining a large number of coins, and everyone else is 10x less, and i know that he can do so !!!

    And that, when counting on the mining calculator, i'm supposed to have 7 coins for 10 days! However, i get 3 coins in 10 days on fx-8350 ... Is now not the calculator is not accurate !?

    Not trying to be smart, everything was satisfactory and promising to before approximately 20 days! No one can convince me, that the number of chains can be reduced in one minute, second, it is not accidentally, but prepared ...

    I hate scams, and i can not agree more with that!

    And do not listen to what they say LionOfNarnia, JohnnyBravoo and others like them, because they are part of a team, and benefit from this project of course! Honestly i would like to make the project successful, but in this way will not be able, when IE works unfair! Cheat with the number of chains, PPS, etc., it's horrible! I do not know whether 200 people mining the coin or less than that, just because of the obvious scams ... He bann one whole regin, which means to hate this country and the people who live in it, and has not answered why such injustice done, or that will be corrected, if the error !? I hope that he will understand that needs to fix what's broken, and restore the byc in his place, between successful coins! Let IE solve the problem and we will be with him and fight for this coin...
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Board Altcoin Discussion
Re: Romanian Gypsies manipulating crypto?
by
flapman1
on 05/01/2015, 21:09:10 UTC
I can't go with the racist bits but there is a gypsy mafia just as rich and dangerous as the Italian one.  Altcoins are a perfect way to make easy money: put up an ANN with nice colorful graphics, some buzzwords, get a someone techy to clone some coin, pay Bittrex to host the ICO, call it something cool and the American neckbeards shovel money at you. Can make a million bucks (such as BitBay did handily) with $2000.00 upfront and no bullets, drugs, prostitutes, car theft, etc. Actually more than a million if I understand ICOs correctly as you have the BTC from the ICO and then more when you dump on all the naive college kids who think they'll be in a Lambo because of Xbitsuperdarkdoganon coin or some such.  As those who care can look to see I'm close to some of the parties involved in the LiteCoinDark mess; their dev pissed off the wrong people and his coin died as they said they'd do.  The fellow was a scammer it turned out anyway so no loss but a bit of a lesson how racist things said on the internet just don't float off into forget-forget land.  Craigscoin also seemed die much harder and faster than seems in retrospect to make sense.  The dev there was a wanker but he did actually have a functioning (albeit rough about the edges) product. Other than pissy Romanians angry at how WWII ended off there's a long line of other people with no love for Russians.

I've been to Bulgaria ... there are two kinds of gypsy.  The idiots who can't fix their roof and the dangerously smart ones who run prostitution, gambling, drugs and all kinds of other scams where you can't be stupid, be in charge and be alive at the same time.  Something fucked LiteCoinDark and Craigscoin hard.  Neither one was the next Bitcoin, of course, but they both crashed hard despite reasonable fundamentals (for an altcoin, that is.)

Gypsies??? LOL Where I live there are many gypsies Cheesy Cheesy they dont have computers, nor internet, they live from stealing of bicycles, wallets, and any kind of metal Cheesy Cheesy they cant write or read, their language has only 500 words, their IQ is far below average. They cant understand crypto in hundred years..LOL Gypsies Cheesy Cheesy

I have lived in Finland for 5 year. There are many gypsy beggars, thieves, rapers in Finland. Once my Finnish friends told me the Finnish government is very stupid, the government supports very good welfare to gypsies(about 3-500 euros per month per person, free house or apartment). Most of them don't have jobs, one couple usually has 5-10 children, they get money from the government but contributes nothing but crimes and shits. They are very harmful to European countries.
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Board Altcoin Discussion
Re: Why does price fall when I buy and it rises after I sell?
by
flapman1
on 03/01/2015, 22:49:44 UTC
Unless you're a master day trader just buy into new coins with good vibes or new ICOs without scam rumors. Watch the charts. If the ICO dips down after trading opens sell right away, 99% of the time that's the end. Watch the forums, most all on here is self serving manipulative BS but if the FUD is constant and seems to speak to the same issues sell off right away. Set low sell orders to catch giant dumps and at least have your money back if a dev decides he wants a holiday or if a real scam is revealed whilst your sleeping.  Real tech, devs and community will make a coin last longer than the P&D crap but not forever. That said, some of the trash coins dial up their own fake buy support; these can be a nice ride but see above re the low sell orders as the scammers will always cash out sooner than later.  No altcoin has managed to provide itself with real demand from a real user base although some are trying their best. There just aren't enough people in crypto to power this and those with real money in the real world are staying well clear of this cesspool. Don't get emotionally involved in a coin: 99% of the time the dev team is justing waiting to exit at the highest point they think they can reach.  Don't do chart analysis or trust those who say they've done so: the alt markets are 100% manipulated and do not rise and fall on free market trading logic and principals.
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Board Announcements (Altcoins)
Re: [ANN][NOO]NooCoin | Nootropic Payment Gateway | 25% Discounts | Trading Live!
by
flapman1
on 03/01/2015, 13:36:51 UTC
The Noocoin price should automatically adjust itself to whatever the price of the supplement you want's set British Pound price based on Noocoin's exchange rate at the moment of purchase.


Why doesn't the price on your website's products reflect the market price of noo? Why would I pay 157 $ worth of noo coin for a 20 pounds worth of product? What is the deal with that? Am I missing something?
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Board Altcoin Discussion
Re: THE BYTECENT DISASTER
by
flapman1
on 01/01/2015, 19:19:56 UTC
For the state of altcoins as they are Bytecent is a rather a success. I guess you could go off and buy some Bitbay, or a bit of Paycoin or get into a fast mover like Monero. The whole "industry" is slowly dying off and Bytecent is a winner just for not being dead yet. The dev has the usual problem of getting the real world to use the coin and isn't having much luck so far. He's trying things out though. My beloved Pandacoin is dying slowly because despite nice tech the devs haven't any business sense.  IE does need to come up w/ something quick before ICO price is broken. Not sure what that might be but without it Bytecent will die but it will have been a good fight by a dedicated individual.



Upon further examination, I have to correct myself. Quite significantly too: BYTECENT IS A TRAIN WRECK

First of all, abounding on a point made above, it isn't "working". Meaning that regular folk with regular, even potent, laptops, are NOT mining. Not for a couple of days not for a week... they are just not mining. I have corroborated this myself. So IE lies blatantly in his latest radio update, while claiming that, in the mining aspect, "everything is how it should be". Unless he is referring to him and some friends mining massively the huge amounts of BYC that are being mined currently, he is not only untruthful; he's blatantly lying. Like I said, I have corroborated it personally during the last full week.

But that is NOT the only reason why BYTECENT is indeed a train wreck. The main other one, of course, is IconicExpert himself: He somehow envisioned this coin to benefit from his personal involvement. Contrary to what his enormous ego has led him to believe, most people in crypto really hate him. And I mean way beyond those that have convinced themselves, without any base in reason -or very flimsy ones- that he some kind of scammer. As I have posted repeatedly, he is NOT. And, like I said, those acerbic idiots are NOT the problem of Bytecent. The problem, one of them, is the IE is not even remotely close to the "draw" that he dream he is. Or more specifically: Very few people gives a damn what he does or, more precisely, what coin he is behind. And that's people in crypto who either know him or know of him. Outside of Crypto he is a non-entity with no capability whatsoever, none, to bring any regular folk into crypto, let alone Bytecent. The entire Bytecent launching brouahaha would have granted, one would have imagined, some kind of whatever minimal adoption if, in fact, IE was to have any "pull". It has produced none. Not the press releases. Not the radio broadcasts. Not the twitter giveaway... Nothing. The crypto community, those free from personal phobias and hatred, either feel "meh" or, not even that. The community doesn't grow at all and the community that exist simply doesn't have any money, to boot. Consequently, the very few people that bought into the idea, has fail to go even beyond the first mini dumpp (coin is still above the ICO price, but impossibly far from the 248% above that it reached ath.

And it is only downhill from here, I'm afraid...

Let me correct myself from one of the above posts, I hadn't even looked recently at the blockchain. Upon a recent glance, I have discovered that not 30+% of coins, free ones, have been mined since launch. Not even close. More like almost 100%.... staggering. There are, at the time of this posting, almost 273,000 BYC in total. That's close to double the 140,000 that were sold in the ICO (once the refunds were discounted). That means that while 140,000 were bought at 0.0005 BTC, almost 140,000 more have been brought to the market, coins that were obtained for free. It means that even if they sell them at 5 satoshis, they are still making profits. Imagine how many the have sold above 100,000 and beyond... and continue selling as this is posted. The answer to that image is simply one: Too many. There's no money in the community, nor ios there any new members coming in to absorbe such amount which, mind you, continues being increased by roughly 2-3,000 new coins mined everyday, probably significantly more.Keep an eye on the blockchain and find it for yourself... exactly.

And if the current situation clearly explains why is this a train wreck, presently, the worst is to "be patient", as IE would like to have you. Think about it: For IE, things are "working currently the way they should". Which, as stated, is far from the truth. But even when and IF things work the way they are supposed to, imagine the next year bringing in more than half a million new BYC coins to the market, all at ZERO COST. This is what will be mined if and when the proper limit of 1440 coins per day are mined (I will repeat once more than many more than those are being still mined daily currently and who knows for how much longer). So, by this time in 2015, Bytecent will have around 800,000 coins total and at current valuation of 73,000 sat, a market cap of $200,000. The current market cap of BYC is $67,000. What in the wildest of your dreams would produce a tripling of the price in the next year? I will answer that: Nothing. Because it will simply not happen. As a matter of fact, BYC will not exist by this time next year. And neither will at least 90% of the rest of altcoins out there, probably not even 5% of them will have survived 2015. And I assure you, BYC will not be one of the survivors.

Admittedly, it was a good idea. A very good idea even. Problem is that IE doesn't have the pull to sell that idea to more than 100/200 people in and out of crypto, so even with sterling launch and implementation -and this has been so far the opposite of that- it would not have been successful. It wouldn't have been such a train wreck though, just out of the gate.

Putting it mildly, IE simply doesn't have what it takes to make this otherwise worthwhile project, successful. Pity
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Board Announcements (Altcoins)
Re: [ANN][NOO]NooCoin | Nootropic Payment Gateway | 25% Discounts | Trading Live!
by
flapman1
on 30/12/2014, 15:06:27 UTC
Doesn't work that way, mate. If you use Noocoin to buy they adjust the price of the supps to be the set dollar price. They've no intention to give away free pills. They're presenting themselves as an actual profit making business and not the usual something for nothing scam commodity/product backed alts usually amount to.



Guys why are you selling your coins in strong hand ? lol  Cheesy

Missed out on cheap coins Sad i'll be hoarding more. It only means cheaper products all year round for me

Dp
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Re: [ANN][NOO]NooCoin | Nootropic Payment Gateway | 25% Discounts | Trading Live!
by
flapman1
on 30/12/2014, 02:46:48 UTC
Let's not break out the champagne quite yet ... if it were the real stock market maybe. Crypto? Completely random what happens.  At least this lot seems pointed in the right direction with no wierd bits so far. Really nothing for the FUDers to grab onto here yet. Of course what's behind the scenes isn't as pure as it seems but I'm content to barnacle on for now and ride for a while.



I think with Noocoin we have that rarity in crypto: a team that is doing what is said it would do.  This lot said they'd flog their dodgy supplements and accept Noocoin.  As far as I can see and have read they've doing just that and quite successfully.  Their COA docs seem legit in that non of the FUDers have torn them apart the way the Urocoin fake paperwork was exposed.

At the same time they're playing the cryptogame well so far.  They've brought their own ICO and seem to be buying up the float as they said they would.  Although the purists don't like it,  that's the only way to play the ICO game and not get dumped into the dirt the first 10 minutes on trading.

They're treating Noocoin as a type of promotional point where the points have value independent of the product which they're applied.  They don't make the mistake of saying a set amount of sugared caffeine pills is equal to a set amount of Noocoin; if Noocoin gets to $20.00 a coin you can get more supps than if it drops to $0.01 per coin.  Quite genius, surprised it hasn't been thought of before.

The usual devs running, dumping their coins, etc. crap could happen any moment.  There's no predicting these things. They could get tired of supporting the price and wander off. Until crypto has regs like real stocks there's no avoiding that kind of thing.  Let's see where this goes.

I couldn't really understand the auto fud on this one because from the very start of this project it was obvious it wasn't a scam. And the devs have done the right thing by supporting the price when trading started (all devs should take note of that - as should investors). At least with this one you don't have to keep your eyes glued to the screen 24/7 waiting for the crash. Im 100% certain it would be a long time before that happened and furthermore I can see the price hitting 10k in the near future. In a sea of shitty coins this is def one of the better ones around.
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Re: [ANN][NOO]NooCoin | Nootropic Payment Gateway | 25% Discounts | Trading Live!
by
flapman1
on 29/12/2014, 13:36:49 UTC
I think with Noocoin we have that rarity in crypto: a team that is doing what is said it would do.  This lot said they'd flog their dodgy supplements and accept Noocoin.  As far as I can see and have read they've doing just that and quite successfully.  Their COA docs seem legit in that non of the FUDers have torn them apart the way the Urocoin fake paperwork was exposed.

At the same time they're playing the cryptogame well so far.  They've brought their own ICO and seem to be buying up the float as they said they would.  Although the purists don't like it,  that's the only way to play the ICO game and not get dumped into the dirt the first 10 minutes on trading.

They're treating Noocoin as a type of promotional point where the points have value independent of the product which they're applied.  They don't make the mistake of saying a set amount of sugared caffeine pills is equal to a set amount of Noocoin; if Noocoin gets to $20.00 a coin you can get more supps than if it drops to $0.01 per coin.  Quite genius, surprised it hasn't been thought of before.

The usual devs running, dumping their coins, etc. crap could happen any moment.  There's no predicting these things. They could get tired of supporting the price and wander off. Until crypto has regs like real stocks there's no avoiding that kind of thing.  Let's see where this goes.
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Re: [ANN][GAW-Miners][XPY] Paycoin ( 40 Phash )
by
flapman1
on 25/12/2014, 15:25:56 UTC
You've got me wrong. I understand exactly that this is certainly a scam. I'm waiting for someone to e plain to me why it isn't ...



Maybe I'm missing something ... how will GAW or whoever benefit from buying my let's say $7.00 dollar PayCoins for $20.00 on Dec. 29th? Is it that they're of the hope punters will push the price over $20.00 by then? What happens if it doesn't rise? I'm guessing there's something in the fine print backing off the offer in that case. Otherwise they'd paying millions to help us pay our X-mas bills. As nice of them as that would be it isn't bloody likely..
It's all  bullshit $)
I'm sorry, but it seems that you are one of many who do not understand what's really going on. Paycoin is a classic hyip, and the bet is placed on those who do not understand how work the scheme "honest" obtaining money from crypto community. I am sure that GAW read this topic and I would like to see his comments given. what to write on such hashtalk.org does not make sense for objective reasons.

Question on filling to GAW - how do you explain the fact YOUR PERSONALLY (can challenge?) mass dump XPY at bargain prices and YOUR confident about buying XPYfor $ 20 in near future? Where is the logic? Or  you think that all people is so stupid? Although, judging by what is now happening, I must say that you have every reason to think so  Grin
Or all the same do you have an blank answer to this simple question? ))
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Board Altcoin Discussion
Re: The Wolf of GAW Street
by
flapman1
on 24/12/2014, 21:08:28 UTC
This Josh fellow is clever: he's never actually promised the $20 per 1 Paycoin offer directly as far as I've been able to read.  Others have left off the lawyer words and run with it and GAW wasn't overly in a hurry to pull them back.  People love to think they'll get something for nought.  With this statement Josh erases any accusations of a scam in the legal sense.  He's more-or-less directly telling the world that the $20.00 bit will never happen.  The naive, etc. will keep pumping up his coin and GAW will summarily dump on the lot of them.  No illegalities as nothing was ever promised and any doubts re the lack of a promise were handled right there on their forum in that long post of his.


He doesn't want the customers to dump their coins so he can dump his first. Plain and simple. Josh is a criminal and hopefully will get his in the end.
A criminal has to commit a crime to be called that, i believe he hasn't done it yet.
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Re: [ANN][GAW-Miners][XPY] Paycoin ( 40 Phash )
by
flapman1
on 24/12/2014, 14:40:36 UTC
Maybe I'm missing something ... how will GAW or whoever benefit from buying my let's say $7.00 dollar PayCoins for $20.00 on Dec. 29th? Is it that they're of the hope punters will push the price over $20.00 by then? What happens if it doesn't rise? I'm guessing there's something in the fine print backing off the offer in that case. Otherwise they'd paying millions to help us pay our X-mas bills. As nice of them as that would be it isn't bloody likely..
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Re: [ANN][NOO]NooCoin | Nootropic Payment Gateway | 25% Discounts | CFC LIVE!
by
flapman1
on 19/12/2014, 21:13:05 UTC
And ... it begins.  We have our first troll. Even worse the troll in question has a perfectly valid point to go and on and on about.  He'll be right there when trading starts and down will go your price sub-ICO and to the center of the earth.  This COA document is the most important thing a drug seller should have on hand it seems.  Yet you all have got this far without the most important bit.  And I detected some sneaky words a ways back, to wit: "COA will be provided after fullfillment".  What this means is that there won't be truth about the products until they've been paid and shipped.  If I were you I'd get that document ASAP and post-it up here. I'd even delay the ICO until I had it.  It is a huge vulnerability which trolls, dumpers, competition and the generally angry at the world will smash you over the head with repeatedly.  What was the hurry? I'm not thinking there's a long line of dodgy supplement sellers with cryptocoins lined up at the gate.  You have a good idea and some plan to handle the dumping.  Don't give the bastards a legit way to kill you off at the start.



Once we've received our 3rd party COA's, we will present these to the public domain. These will be ready very soon.


When I asked you for the COA, it was for obvious reasons, like, I want to know what I'm buying, what's in it, where it's from, that sort of thing.

Surprised you haven't made this information available already, you say you've already purchased your first shipment of drugs, surely not without a COA?

You talk a good talk about the business, shame you can't prove that what you're trying to sell me is the real deal.



The turnaround time for HPLC analysis is quite long. Our first batch is currently being tested by a third party at the moment. We already have the in-house COA (which will be posted in the not so distant future).
Rest assured, there will be third party COAs published before orders are fulfilled! We would not ship in any other manner, quality assurance is our number one priority to customers.

We have disclosed what is in the products, which is simply the chemical(s) listed. Aniracetam is Aniracetam, same goes for the rest of the NooHack range. They're simply the chemical names. We are not creating proprietary blends or stacks, just pure nootropic products.

Except they're not pure are they? And without the COA how the hell do we know what's in them, or the level of purity?

From your website: All of our nootropics are sold as capsules for your convenience. Due to the potency and thus small quantity required for certain nootropics we use microcrystalline cellulose, an inert chemical, as a filler in these capsules. We make every effort to ensure there are no contaminants to affect quality.

So no, I won't rest assured. What percentage is filler? 50%? 99.9%? What was the analysis of the drug before you bulked it up with filler?

And you have the nerve to say you have a COA but won't post it? Why, is it bad? Wouldn't we want your drugs if we saw what was in them?




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Board Announcements (Altcoins)
Re: [ANN][NOO]NooCoin | Nootropic Payment Gateway | 25% Discounts | CFC LIVE!
by
flapman1
on 19/12/2014, 04:28:14 UTC
What he's trying to say is that 10 minutes after trading starts at 1000 someone will dump at 500 just to fuck you and grash up syztem. The only way to fuck them back is to another cash on hand to buy up their dump and put the price back to baselne.  They'll do this every day: whoever runs out of money first looses. Those mystery guys at Fuelcoin hold off one of these dumps aday. The have money to burn I guesz and it barely works to hold them up.


Are guys aware of the phenomenon with ICOs where there are entities/individuals (who knows) who buy up large quantities of coins and then dump them at a huge loss to themselves right after trading starts? Are the "whales after cheap coins" or holders from other coin communities (Bitcoin people?) killing the competition? No-one knows but there actions have ruined several good reasonably non-scamy projects.  Without spending lots of money on intenral buy support and fake volume your coin could get killed the first night.  Bitswift and Fuel2coin (as scamy as they might be) maintain constant "fake" buy support to hold and increase their prices.  Maybe good coins like Vior have basically been strangled at birth by these unknown actors. Vior does exactly what it says it will do, the devs are honest and present and it just didn't matter. The coin was dumped into the dirt.  (VIOR is being ultrapumped at this moment but we know that  always ends).


Righto, couple of points, firstly, lets see the COA's so we know what you're trying to sell us and where it comes from, and secondly, the bold bits above.

Most coins offer nothing tangible. True, but all I see here at the minute is an IPO backed by graphics and a website. It's not quite tangible yet. And your argument doesn't stand up because you're offering a product for sale, not like most intangible scam IPO's promising to develop a non-existent service or feature. So when you seek money from people which you will then invest in developing your business, shouldn't those people be treated as investors and rewarded accordingly instead of just getting an extra 15% discount? And if you offered shares or profits in the business, wouldn't you attract more investors rather than just the people who are interested in discounted Nootropics?

How is the coin no longer in your control when you propose buying 5-10% of the coins from yourself with the BTC you get from selling the IPO to us? You already warned some guy not to expect the price to fall after the IPO because of this planned price manipulation.

Also, what savings have been made by creating a new coin for a niche market instead of just using BTC as a payment method? It will have taken time and resources to create a new coin, which you freely admit needs giveaways and bounties in order to promote its adoption, which is more wasted resources. The money would have been better spent elsewhere promoting the business, not the coin, if the business even exists. And by that I don't mean an un-registered business, anyone can register a business to appear legit. What I mean is at the minute this doesn't appear to be a viable business model, it looks like an IPO rinse-out. You talk of economies of scale, so is this coin your idea of a loss leader? If so, how long will the 25% discount last? Presumably not forever because its all about profit margins, and when you're trying to sell a niche product - nootropics - to an already inherently niche market of crypto-users, how long can any such discount be offered in order to attract customers when you also have to compete with the mainstream market? It's not possible to maintain that level of promotional discount in the mainstream markets for any period of time, never mind here.

I just don't see the need for it. Maybe I need some smart-drugs to make my brain work better.  

Once we've received our 3rd party COA's, we will present these to the public domain. These will be ready very soon.

We cannot offer shares in our company through an ICO, this would be considered illegal. However, we can offer investors an appreciating value of the coin based on the performance of the company. It isn't hard to see how this works and we've explained this before. This however does not rule out the possibility that we can issue dividends based on the proportion of coin that you own. We will look at the viability of this shortly. Strictly speaking however, the coins themselves cannot be treated as a security.

Price manipulation is not something that we are interested in. I only pointed out that we would be buying our initial float of coins after-market at ICO price and that it is unlikely that given our bid, many people would sell below the price which they invested at. You are right in saying that we have cut margins, but we are not a loss leader. The first step for any business is to reach an equilibrium point where it is self sustainable, the model we have created allows for the influx of fiat in exchange for the coins. We do this because ultimately, we want the entire niche market to put their fiat into our currency, meanwhile allowing customers / investors with NooCoin holdings to openly trade this hybrid commodity / currency. Once we launch our in-house exchange, customers will be able to buy coins directly from our website, the system we implement means that we encourage overall more expenditure.

We do not expect to see the business to make an instant turn around or start making large profit, quite the opposite. Our first aim is to create circulation, and wide spread use of the coin. Like any start-up, we wanted to attack a niche that has large growth potential, and do it with a unique stance. The coin offers many advantages to us, because we are able to sustainably offer our investors as well as customers opportunities to earn more coin through participating in the business. Any merchant who offers loyalty points - and there are many, do so with total control over the supply of these 'points'. They are essentially unlimited. This is where we differ, the coin is finite, and value is created through its scarcity. Even though we give away a portion of our coins, we believe that we can reach a point that through our exchange, we are able to atleast sustainably operate with NooCoin alone.

As mentioned previously, we are not a loss leader, we are sacrificing on making ROI sooner by offering products at a thinner margin for ourselves. Amazon actually operates very similarly. Therefore, we intend to maintain offering the 25% discount for the life of our business.  

Our position in the market is more unique than most other Nootropic stores, as such, we have the first mover advantage in crypto. Expansion into global markets and expanding our product lineup to other supplements will allow us to reach those economies of scale as mentioned.

Finally, I recommend you taking Aniracetam, our posts might make a little more sense after that!


I'm not following your point here, but I understand that there are some strange and malicious people who want to damage a coin in terms of its price.
Our interests lie in making the coin a useful currency, and, making our products sell. We're creating an economy, and one that is not dominated by a central authority.

"People often refer to an enterprise system as a profit system. This is a great mistake. It is a profit and loss system, and the loss part, in my opinion, is more important than the profit part. The crucial difference is not in what ventures are undertaken. The crucial difference is in what ventures are continued and which ones are abandoned... The crucial requirement for maintaining growth and progress is that successful experiments be continued and unsuccessful experiments be terminated" - Milton Friedman

We wanted to do something different, and this is to some extent an experiment because we have not ventured into crypto-currency as a business model before, but we have thought about it a-lot, and much of the work we have put in is to ensure that we can run sustainably. In the longer term, we hope to entice other nootropic stores (and any store for that matter) to try our models and use NooCoin in a similar way. Along the way, we will keep innovating - that is a certainty, as in the world of business, not just in crypto, we hope that more players in this economy we have created will benefit everybody.


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Board Altcoin Discussion
Re: Crypto currencies you've actually used
by
flapman1
on 13/12/2014, 04:48:39 UTC
No goon here, I go for the stable stuff: dogecoin. pandacoin that sort of thing.  Can't sta d scams and always willing to help put one down.


Just having a laugh.  Wankers will come here and do all they can to prove a girl in Romania didn't buy a 10 cent cup of coffee with Pandacoin but then happily lube up for Dave Zimbeck and the Bitbay crew.  That Zimbeck scammer stole a million dollars for an endless life of happy-endings, Mai Tais and pot in Cambodia.  His is laughing at you all now from paradise.  Him you defended to the end.  @manelecrypto takes a taxi and gets dinner with Pandacoin for $5.00: this is the scam that needs to be gotten to the bottom of.  Hilarious!

The whole situation stinks with Bay and so many people got burned.  I think both sides are full of shit and lies are being spewed everywhere. The truth is so blurred that no one will know the full extent of this except those closest to the matter.

By the way, which of Bob's goons are you?
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Board Altcoin Discussion
Re: Crypto currencies you've actually used
by
flapman1
on 12/12/2014, 12:42:35 UTC
Just having a laugh.  Wankers will come here and do all they can to prove a girl in Romania didn't buy a 10 cent cup of coffee with Pandacoin but then happily lube up for Dave Zimbeck and the Bitbay crew.  That Zimbeck scammer stole a million dollars for an endless life of happy-endings, Mai Tais and pot in Cambodia.  His is laughing at you all now from paradise.  Him you defended to the end.  @manelecrypto takes a taxi and gets dinner with Pandacoin for $5.00: this is the scam that needs to be gotten to the bottom of.  Hilarious!
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Board Altcoin Discussion
Re: Crypto currencies you've actually used
by
flapman1
on 12/12/2014, 06:49:02 UTC
Took a look. This is address of the web page:

http://www.ciprianandronache.ro/wp-content/uploads/2014/07/Idee-afaceri-scaune-tapet-from-Denisa.jpg

Notice the 2014/07 date. It's not saying 2012, is it?

As you're itching to tell the world yes I know the girl in question and we've had some games with a few alts especially those wankers at LiteCoinDark (how's the price, fellows?).

The Pandacoin thing is real enough but nothing to get your panties in a bunch over. A few restaurants, taxi companies hiding from taxes. Still room for Monero, noblecoin what have you to revolutionize finance and such.


 
That is my picture from the summer. How this Ciprian Andonache person got it I do not know.  People asked me for a copy and I e-mailed it from my phone to anyone who asked. I am not a professional photographer so I was not worried about copy-right.  Again, take it or leave it.

I think there is anger because it is Pandacoin that somehow found a weird little niche.  No worries: a few folks using Pandacoin doesn't mean little 10sat Panda will dominate altworld.  It is just something fun and interesting to talk about how unexpected people are really using an altcoin in a practical way.

I've lurking for a year; I never had anything to say.  Thought it would be fun to share what I saw with other enthusiasts.  I could less who believes me or not.  I saw what I saw.


Brand new n00b accounts pushing Panda scam.. wow...   Cheesy


Even if you are telling the truth, sockpuppet accounts are waaaay out of hand here so no one will believe you. As a matter of fact, I dont believe you either. Especially since you claim you personally took the pics and instead stole them.



Here you go sockpuppet http://www.ciprianandronache.ro/idei-afaceri-2014-18/  Roll Eyes


The summer means 2014?


Meanwhile that webpage clearly states it was posted Dec 2nd 2012. Dude come on, stop it. We know you are a sockpuppet, cut the crap out.
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Topic OP
I was wondering people's thoughts on Fuelcoin ...
by
flapman1
on 11/12/2014, 20:46:46 UTC
I know for sure that is a scam but I'm still in a bit.  The people behind it have been ruthlessly aggressive in lifting the price and keeping it at a the level they want.  Anytime it dumps they crank it back.  Over history since the start Fuelcoin has no dips in the chart that matter.  Wierd. Question is how long are they going to run it before they cash out and leave? I had an extra $100.00 bucks about that I put in a while back. It's $200.00 now. I've got good low sells orders set for if they dump and vanish.  There's a bloody fake multi-level marketing non-sense they go on about which I ignore.  Someone's out to make a nice profit for themselves by sucking the cash out of silly noobs who don't believe in gravity.  When the end comes I should exit with more than I put in. If not, I haven't lost anything important.  No different than playing the slots in Vegas to my thinking. I watched them suck some dumpers clean of 25 BTC yesterday: great battle of fake buys and fake sells all day long but in the end the dumpers gave up and moved on.
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Re: [BYC] Bytecent - new rules introduced to cryptocoin world
by
flapman1
on 09/12/2014, 12:24:32 UTC
IE might be a scammer; I don't bloody well care. Bytecent works and put money in my pocket while the rest of alts crash and burn. He's been reponsive, fixed problems and right on top of things. Is there a scam hidden on Bytecent? Well, it is an altcoin so that means more-than-likely. So what? That's why you put in low orders before bed and watch the charts & the forums. We all know the risk.
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Board Altcoin Discussion
Re: It looks like Bytecent is going off the rails
by
flapman1
on 02/12/2014, 21:48:13 UTC
I do not hate IE, he put together a great project. But what the hell happened? Suddenly there's voting from the "community" on features, updates that don't happen, confusion and general what-the-fuckism. It is like IE and his OD'd on Turkey and went nuts. Some miner in Bulgaria or somewhere is hetting half the coins everyday and IE won't release the fix to stop this but wants a vote. Just turning into a mess. It should be easy to fix if he wants to fix it.


Amazing, simply amazing... After a very rough launch in which he was forced to issue refunds because the mining got completely out of hand and tens of thousands of coins (as much as 30% of the total supply) were mined in the first few days, BYC has been A ROCKET, as opposed to 99.99% of all ICOs out there, even quadrupling the ICO price. Even at this time, it still sit above double the ICO price.

And yet, the raw hatred of idiotic individuals reappears on any and all instances.

Amazing indeed.