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Faircoin fans can't do anything but copying Blackcoin stuff 
Reported
Reported
Faircoin is 100% premined!
It should be called unfair coin!
The developer decided who gets what coins. Let's compare how the coins were distributed for Blackcoin and Faircoin:
1. Blackcoin - coins distributred by the celebrated process of "proof of work" mining. Cannot be cheated, gamed or manipulated. It's pure maths. No central authority handing out the coins to people.
2. Faircoin - coins are premined by the developer (all of them!). They are then given out by the developer to whoever wants them. This can be cheated, gamed and manipulated since it's all done by a central authority (the dev) who has to be trusted. Nothing can be verified. Hell, in this process there is nothing to stop the developer giving himself half the coins!
Faircoin is one of the biggest scams under the sun and ironically is using the name "fair" LOL.
Re: [ANN]Faircoin - The First Fairly Distributed coin. MULTIPOOL We added 5% bonus
How is it ever possible for faircoin to achieve what Blackcoin did when this coin is premined?
If someone explain me that I will believe in the coin.
If someone explain me that I will believe in the coin.
The prize of Faircoin has soared more than fivefold.
This coin is 100% premined unfair coin would be a better name for it.
Blackcoin had a proof of work mining process to distribute the coins fairly and no premine..
Please read all the info before jumping up and down.
The coin was distributed according to signups. Yes, some people managed to get more than others, but not in the way that someone with higher hash gets more coins than those with lower hash.
100% premined coin distributed in a centralised manner that could EASILY be gamed. There is a reason why proof of work is used to distribute coins in bitcoin et al. It cannot be cheated and there is no centralised distributing authority.
Anything can be "cheated"...
Are you serious? The whole point of bitcoin is so its not centralised and you dont have to trust someone.
In unfair coin 100% of the coins were premined and we have no way of proving that the distributor didnt give himself a ridiculous amount of coins. Clue big crashes normally caused by a whale holder.
Re: [ANN]Faircoin - The First Fairly Distributed coin. MULTIPOOL We added 5% bonus
How is it ever possible for faircoin to achieve what Blackcoin did when this coin is premined?
If someone explain me that I will believe in the coin.
If someone explain me that I will believe in the coin.
The prize of Faircoin has soared more than fivefold.
This coin is 100% premined unfair coin would be a better name for it.
Blackcoin had a proof of work mining process to distribute the coins fairly and no premine..
Please read all the info before jumping up and down.
The coin was distributed according to signups. Yes, some people managed to get more than others, but not in the way that someone with higher hash gets more coins than those with lower hash.
100% premined coin distributed in a centralised manner that could EASILY be gamed. There is a reason why proof of work is used to distribute coins in bitcoin et al. It cannot be cheated and there is no centralised distributing authority.
Re: [ANN][MINT]Mintcoin, Energy Saving Coin*43 Merchants*WALLET 1.7 MANDATORY!
I am relaxed, just laughing about the premine-managers of this coin who call themselves devs
And what are you contributing...other than noise?
He has a good point tbh. There's a reason why the coin price is slowly fading and trading volume is tiny.
Re: CoinMarket.io | New, self-moderated support and news thread.
Re: [ANN] eMunie (EMU) - NOT a BitCoin fork/clone - call for beta testers
Had no clue how to answer my questions about the technical specifications of the coin.
If by "technical specifications" you mean stuff like hash algorithm, block time, block reward etc. - these simply don't exist for eMunie because it doesn't work like that. Unfortunately, nobody except Fuserleer knows how it works instead.
Talked about the coin being it's own business and infrastructure (compared to other devs that release coins and let others do the work), so I assumed from that it wasn't open source.
Yes, it isn't open source. It will become open source some time after the launch (I think 1 year after).
Didn't see any actual devs there.
The (only) developer (Fuserleer) should have been there. Maybe you missed him.
Said IPO within the month.
I wouldn't bet on that...
Dodged questions regarding what IPO funding will be used for.
AFAIK the IPO funds will be used to stabilize the currency.
So there will be a fund raising asking people for money but no technical explanation how any of it (if any of it) works?
People on this forum called Bitcoin over valued at $1 
Haha. Blackcoin beats Mintcoin even when Mintcoin has 50,000 votes paid for by btc
Haha. Blackcoin beats Mintcoin even when Mintcoin has 50,000 votes paid for by btc
Re: [ANN][MINT]Mintcoin, Energy Saving Coin *Wallet 1.7, Mandatory update!
The premine is for funding the Mintcoin Fundation.
David Latapie is in control of it with the developers and other who are members of The Mintcoin Fund.
David even invited opeennlyy to anyone who wanted to join the board of mintcoin fund.
Theres no premine scandal, we are really open and with fund to invest in LONG TERM SUSTAINABLE DEVELOPMENT.
There no other coin that is this open and clear and with funds to progress.
Any aditional info, feel free to ask whatever you want.
Im here to help and serve
David Latapie is in control of it with the developers and other who are members of The Mintcoin Fund.
David even invited opeennlyy to anyone who wanted to join the board of mintcoin fund.
Theres no premine scandal, we are really open and with fund to invest in LONG TERM SUSTAINABLE DEVELOPMENT.
There no other coin that is this open and clear and with funds to progress.
Any aditional info, feel free to ask whatever you want.
Im here to help and serve
Why cant we have a clear comprehensive list on what the premine has been spent on? How much of the premine is left? How much did the dev dump for btc for personal profit etc?
Bump
Bump
Re: [ANN][MINT]Mintcoin, Energy Saving Coin *Wallet 1.7, Mandatory update!
The premine is for funding the Mintcoin Fundation.
David Latapie is in control of it with the developers and other who are members of The Mintcoin Fund.
David even invited opeennlyy to anyone who wanted to join the board of mintcoin fund.
Theres no premine scandal, we are really open and with fund to invest in LONG TERM SUSTAINABLE DEVELOPMENT.
There no other coin that is this open and clear and with funds to progress.
Any aditional info, feel free to ask whatever you want.
Im here to help and serve
David Latapie is in control of it with the developers and other who are members of The Mintcoin Fund.
David even invited opeennlyy to anyone who wanted to join the board of mintcoin fund.
Theres no premine scandal, we are really open and with fund to invest in LONG TERM SUSTAINABLE DEVELOPMENT.
There no other coin that is this open and clear and with funds to progress.
Any aditional info, feel free to ask whatever you want.
Im here to help and serve
Why cant we have a clear comprehensive list on what the premine has been spent on? How much of the premine is left? How much did the dev dump for btc for personal profit etc?
Bump
Re: [ANN][MINT]Mintcoin, Energy Saving Coin *Wallet 1.7, Mandatory update!
The premine is for funding the Mintcoin Fundation.
David Latapie is in control of it with the developers and other who are members of The Mintcoin Fund.
David even invited opeennlyy to anyone who wanted to join the board of mintcoin fund.
Theres no premine scandal, we are really open and with fund to invest in LONG TERM SUSTAINABLE DEVELOPMENT.
There no other coin that is this open and clear and with funds to progress.
Any aditional info, feel free to ask whatever you want.
Im here to help and serve
David Latapie is in control of it with the developers and other who are members of The Mintcoin Fund.
David even invited opeennlyy to anyone who wanted to join the board of mintcoin fund.
Theres no premine scandal, we are really open and with fund to invest in LONG TERM SUSTAINABLE DEVELOPMENT.
There no other coin that is this open and clear and with funds to progress.
Any aditional info, feel free to ask whatever you want.
Im here to help and serve
Why cant we have a clear comprehensive list on what the premine has been spent on? How much of the premine is left? How much did the dev dump for btc for personal profit etc?
I expect us to blast by Peercoin before the year is out.
Well expect company then.
As soon as this formula is seen to work there'll be about 50 brand new multipool assisted "POS" brands on the market and BC will be yesterday's t-shirt.
Nope. You've got a lot to learn about crypto.
First coin that is successful gets the credits. The coins that copy never get as far. Hence why Litecoin is behind Bitcoin. Same reason why coins that tried to copy Doge and be meme-like failed.
The great thing is that this coin has potential for $ 2.00
10% more than Peercoin with 4 times the coin supply ?
Dream on.
This formula is copyable in a week.
Any coin is copyable in a week.
Blackcoin is 100% proof of stake and is more energy efficient than Peercoin.
I expect us to blast by Peercoin before the year is out.
Re: [ANN][MINT]Mintcoin, Energy Saving Coin *24 Exchanges *38 Merchants
Update on the potential security issues mentioned earlier.
As a cautionary measure and since MINT does not really need PoW, we have decided to get rid of the PoW. We don't want to take any security risk.
And since our ego is less important than your hard earned money, we won't have any problem to be thankful to another coin dev if it appears he has helped to increase MintCoin's security.
As a cautionary measure and since MINT does not really need PoW, we have decided to get rid of the PoW. We don't want to take any security risk.
And since our ego is less important than your hard earned money, we won't have any problem to be thankful to another coin dev if it appears he has helped to increase MintCoin's security.
If it appears? What a joke.
Dishonest dev, dishonest community.
yes it should have been worded/said differently. agree.
Yep.
This has been a pr disaster for MINT from start to finish. I just hope as a small holder of mint that things go smoothly with the fork!
Re: [ANN][MINT]Mintcoin, Energy Saving Coin *24 Exchanges *37 Merchants
Im still holding my last 10% of mint but I admit I have panic dumped some
any progress from the mint dev team yet?
any progress from the mint dev team yet?
Anyone
Re: [ANN][MINT]Mintcoin, Energy Saving Coin *24 Exchanges *37 Merchants
We have been made aware of potential security issues for MintCoin recently. As we always do, we're actively looking into these issues if any. If there is anything to fix, we'll do it, and we'll do it the best way possible.
I'd like to take this opportunity to point out to all the people who FREAKED OUT and said the devs are douchebags and losers, that the dev team replied within an hour of all this bellyaching and name calling.
People get pissed off when I call individuals out by name for being turds, but you know who you are. Others and newcomers reading this part of the thread should take note of the people who obviously have ulterior motives. Don't be fooled by people trying to scare you. Use your brain and think for yourself. Bottom line, the dev team is on it, Mintcoin is all systems go.
Uh what. Blackcoin team emailed Mintcoin dev over 20 hours ago about this privately and Mintcoin dev wouldn't regonise the problem.
Even now when it's gone public the mintcoin dev still states he'll fix it if it's a problem. Good luck putting your faith in a dev who can't read the blockchain and recognise what has happened
i dumped my mint already. I may buy back in if the dev pulls his finger out of his ass or I may convert the rest into blackcoin. They do seem to have one of the best devs around who actually understands the code. Proven by their mint vulnerability discovery
Re: [ANN][MINT]Mintcoin, Energy Saving Coin *24 Exchanges *37 Merchants
Quote
It's no longer theoretical it's actually happened.
I didn't notice anything, what exactly is supposed to have happened? Was there a successful double spend?
For about an hour they were able to stop minting completely. If this can be sustained this is just another coin without any value since our biggest selling point is minting. And since I don't know anything about development, I don't know what else can be done with this attack.
But this isn't even the issue, due to the lack of dev responses I don't even believe they are too involved in this coin. This threat was posted 3 days ago, more then enough time to read through it real quickly to determine if it was FUD or not. Due to the timestamps, I can't tell you how long the bugs been posted or how long ago the attack was.
The real issue is, how they address future problems. Do we have to wait another 3 days and a successful attack before we see anything?
It seems as if they haven't been concerned with the issue and if minting was stopped for an hour how much did it cost the attackers to do that?
As gonzoucab pointed out there was an attack but it seems to have failed without even a fork. I don't really understand the technical details but there is really not much there that I can go on except objective evidence of a doublespend or something of the sort.
If it kills the coin then so be it, but I'm not listening to rumours and innuendo on the internet. Posting supposed email responses doesn't mean a thing because they are easily faked.
We did not fork the coin as we did not want to. We could have and then you'd be blaming us for breaking your coin.
As for the mails with the mintcoin devs (the e-mail address provided in the OP)
http://imgur.com/9rIkQWw
Also, the attack used 3x 3.5Mh/s rigs. I think we could've pulled it off with less.
thank you for the image. could you please provide the rest of the conversation? it stops at "to fix the issue at hand"
That is all we got. We have not gotten a reply back since the 'How is it an attack?'.
A serious dev would not even ask this.
Holy crap that is bad. He asked how is it an attack? I am just a hobby programmer and I understood how it's an attack in 15 seconds.
Mintcoin dev is a copy paste dev that doesn't understand the basics?
So in summary. Mintcoin has an attack demonstrated against it which proves it is vulnerable.
Blackcoin has suffered no attacks because it is PoS only and no known attacks have been made against the protocol. Yes an exchange was hacked but lots of exchanges get hacked especially bitcoin ones.
Blackcoin has suffered no attacks because it is PoS only and no known attacks have been made against the protocol. Yes an exchange was hacked but lots of exchanges get hacked especially bitcoin ones.