Quote from: NoxX on August 01, 2017, 08:26:03 PM

Quote from: revealed on August 01, 2017, 07:52:51 PM

Quote from: NoxX on August 01, 2017, 07:06:19 PM

Quote from: revealed on August 01, 2017, 06:50:31 PM

Staking is just one minor issue with the coin.
As the dev is holding 30% of the coin - as liquid coins without any restrictions to spend or no need to mine - he can dump all the coins as soon as the market gain some traction.

This has happend before for a coin called Earth coin I heard.They kept 20% or so premine for the devs. That meant the devs had 20 million at disposal when it hit the market and all the other users are trying hard to mine the coin.Eventually the devs dumped their coins to the market, made enough money for the devs to spend on hookers and killed the coin. Do some research.

Its the same thing here. In order to create scarcity of the coin, he put a restriction of only 10% coins can be traded.
Why is there no such restrictions on the 30million the dev holds?

Also if the dev is serious about the coin, he should publish a transparency report every week with the number of coins distributed with the bitcoin profile name.
Otherwise he can create any number of wallets and pay himself a huge pat of each weekly distribution on top of the 30 million holds.

These are not hard things to produce if you are serous about the project and the dev would never do such report if he is already scamming us.
So think about it and then read the report by DodgeMajestic.

The transparency reports already exist, you can go to deeponion.org/report.php and see for every date how many coins were sent to which wallet. To get the airdrop, you need to have a ONION address in your public bitcointalk profile, to this is public information. I agree the reports could list usernames as well as wallets, I will suggest this to the Dev.

The fact that another coin failed is not proof that this one will too. There are enough examples of coins that didn't fail.

Lastly, I agree, Dev should also only be able to sell 10% of his coins, but how would you enforce that?

The current transparency report only lists some addresses. who knows who those address belongs to.Why not publish the bitcointalk usernames as well, as the information is already available to the dev.

Agreed, as I said I think that would be a good thing. I asked for that in the main thread, we'll see what happens.

I think the difference between us is I think "innocent until proven guilty", you think "guilty until proven innocent"...

I was badly burned many times here and if we know the real identity of the dev/devs then I would have followed your approach.
If the dev wants to remain anonymous, he has to give clear answers to community's questions.
If he is clear in his intentions, why would he delete the questionable posts from the thread?

The dev seems very busy deleting these posts in his thread, rather than developing the next feature.

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