tokyolinux
whats up deemington
im thinking of doing an article about CoinSource and CryptoAsian services basically failing users.  Both EquinoxCoin and MidasCoin were "vetted" by these services and both turned into massive scams
The whole "proof-of-developer" being an excuse to run ICOs
I think the article by CryptoCoinNews was not very good because it basically didn't put enough criticism on CoinSource for failing to vet the systems and developers
deemington
hey man
ye it's a tough one really
I guess cryptoasian would say he doesn't guarantee anything
tokyolinux
right
coinsource seems to give out these PODs much faster and with less scrutiny than cryptoasian
im very skeptical of their impartiality
deemington
ye
I saw a new one the other day
ill try find it
deemington
https://www.cryptocertify.com/
tokyolinux
thx
tokyolinux
good to see competition in these resources
but they should give an extra star for pure blockchains - no ICO and no premine
deemington
Ye, I think the whole thing is pretty flawed though
tokyolinux
i agree
deemington
if a developer acts all mysterious then its just obvious
tokyolinux
no doubt
deemington
Imagine a company launching and people asking if they have verified they are actual developers
just shows how fucked up crypto is
tokyolinux
it's just like a basic rule of thumb, any premine or ICO is a centrally controlled blockchain
i agree
deemington
A real dev would go on video too
tokyolinux
definitely
but the dev going on video should be the actually dev
lol
the coder
deemington
ye
tokyolinux
the real protocol creators
deemington
well not defo
tokyolinux
not CEO front-men
deemington
if they were willing to take responsibilty if it was a scam then thats fine
tokyolinux
there's only one coin that is allowed to have an anonymous dev and thats bitcoin
everything else is just smoke and mirrors
deemington
yes also because a coin has no chance of succeeding if they are not willing to make face to face business meetings etc
even if it wasn't a scam
tokyolinux
i agree
blackcoin would go a lot further if rat4 was not anonymous
tokyolinux
that was the old way of thinking, when everyone thought they had to be like satoshi
deemington
yep
The digibyte dev has the right idea
tokyolinux
i agree
dgb sets a good example
deemington
go to conferences and stuff like that to make contacts
tokyolinux
along with dogecoin
deemington
ye
tbh the fact that not much really separates any crypto means a lot of the chances of success depends on business
tokyolinux
i think you're right about that
tokyolinux
however, i would say that protocol specifications are more important than people realize
and sometimes a bad protocol makes it way harder
deemington
ye defo a solid foundation is essential
myriad is a perfect example
they have so much stuff going for them, simple miner, merge mining pools etc
but because no businesses are going for it the value has dropped big time
tokyolinux
yeah
deemington
imo they have the most solid foundation of any alt but still got nowhere
tokyolinux
the mintpal collapse fucked over Myr, Vrc, Sys,
The problem of crypto in general, is most of the protocols have too many coins and are trying to take over the world
when most these coins were launched, they looked at Dogecoin
and thought that was going to work for them
hundreds of millions or billions of coins
deemington
ye
I dont think the amount of coins matters too much as long as it doesn't drop to 1 sat
at that point its over
tokyolinux
too many coins causes markets to stalemate easily
it happened to mintcoin and now reddcoin
i think Potcoin is like the maximum a coin should go
deemington
but look at doge
so many coins worked well for them with tipping etc
tokyolinux
Yeah, you can get away with it with a large enough community
i think doge will die going forward though
in terms of price
it will probably end up stalemating in the 10-20 sats rnage
deemington
could well do, I think merge mining was a bad decision for the long term
tokyolinux
i think what will happen is scrypt miners will continue to rape all of these coins down to nothing
darkcoin is overtaking litecoin
deemington
yep defo
tokyolinux
darkcoin is such an awesome coin
one of the truly successful altcoins
they are innovating more than almost any other altcoin
deemington
ye I think an anon coin will succeed
I dont think governments will like it which will be a massive stumbling block though
tokyolinux
yes
i think most anon coins will die because there's only need for one
darkcoin is the only one anyone will invest in due to the developer
he's transparent
and he kicks ass
deemington
ye
tokyolinux
i wish cannabiscoin would die because of his shitty blockchain, but i think it will survive for all the wrong reasons
everyone knows he's big in the cannabis industry
deemington
cannabiscoin will be interesting to watch
tokyolinux
it sucks he didn't just use potcoin or cannacoin
deemington
at least they're doing something different
tokyolinux
instead he had to create his own shitty premined coin
deemington
Ye I know
so many weed coins like that
grow
he made his own coin for one shop
lol
deemington
https://bitcointalk.org/index.php?topic=852844.0
tokyolinux
yay another shitty premine ico
*crash*
tokyolinux
I'm still shocked to read through those threads
dreams of instant riches
deemington
the endless drones who buy in and then defend everything is really bad
deemington
what do you know of adam garrity?
I get the feeling he is pretty dodgey
tokyolinux
i think my article will be very comprehensive
im going to try and locate all of the failed and scam ICOs
deemington
longest article ever
tokyolinux
Adam Garrity
He has some type of social disorder
He's very paranoid
he exhibits the "they are trying to steal my ideas" disorder
deemington
he just doesn't bother with his own coin's ann
tokyolinux
He doesn't seem to trust anyone to help him
He has no team
That's his #1 problem
No team and no trust.
For an ICO, I think his price was very fair
the protocol was pretty good
deemington
you think he really has connections in the industry?
tokyolinux
For sure
deemington
I can't tell if he is an outright scammer
tokyolinux
He produces hash
He works with growers to make hash and oils
deemington
ah ok
tokyolinux
Nah he lives and works in CO
But he's fucking wierd
like probably into little Asian girls wierd
deemington
lol
tokyolinux
his twitter account has Japanese characters on it
deemington
oh ye
tokyolinux
anyways
deemington
I would love to know what happened with him and delta
tokyolinux
Me too
I'd like to do an interview about that
deemington
he blocked me on twitter even though I never tweeted him
just because of potcoin connections i guess
tokyolinux
I guess so
I think the 1g = 1 cann was his idea
deemington
ahh
tokyolinux
I think he's pissed that D9 took over the project entirely
I don't think the premine helped
deemington
ye but he quit before the whole premine thing was made public
tokyolinux
I have a feeling D9 might have gone behind his back and changed passwords and got the dev contacts
deemington
ahh
tokyolinux
I think Adam was the guy getting the protocol changes done and D9 was the one with control of the Github
deemington
I see
ye we need to get him to write his story
tokyolinux
This is just what I think from my experiences with both of them
deemington
that would be awesome
tokyolinux
Well, Adam told me that the premine was just the beginning
I think he and D9 instamined the network pretty hard the first month
before the halving occured
deemington
I remember going to mine some and there was no compiled wallet available
tokyolinux
the protocol changes were bullshit
yup
the x11 launch was super gray
if you go back and look at the ANN threads
it was a very shady re-launch
lack of wallets, no time-frame
deemington
ye
tokyolinux
d9 premined 2% of 420 million
deemington
I'm talking about the scrypt days when i say there was no wallet
tokyolinux
the scrypt launch was pretty bad
the x11 launch after that created a blackhole
of mysterious coins
deemington
ye
tokyolinux
tbh, i don't know why he didn't just account for them
that's what was so wierd
we gave him so many chances to explain it
we asked him about it over video chats
deemington
yer it was a stupid plan in the first place tbh
tokyolinux
it just puts the coin in a wierd place
because on one hand he makes it seem like he's growing 1000 pounds of weed
on the other hand, he wasn't transparent about the most basic details
i think he's lying about most of it
we know he paid off bittrex
to create volume
he basically admitted it in one of our video chats
i didn't record it
deemington
ahh
tokyolinux
he had a "meeting" with the Bittrex guys - after he was already on Bittrex
deemington
Ye the way hes going on at the moment doesn't look good
tokyolinux
Well, it looks like a Ponzi scheme in a way
from an outside perspective
like hey I'm growing warehouses full of weed for CANN
im going to give it all away lol
deemington
ye
If I was him and it was all legit I would be giving daily updates
tokyolinux
with exact numbers
like here's how many plants we are growing, here's the lights, here's the nutes
here's the genetics
deemington
ye
So Bittrex created fake volume?
tokyolinux
can't prove it
but it times well with our video chat
and those bittrex wallets
on the premine analysis
those are internal bittrex wallets
deemington
I see
everything is so fuckin scammy
tokyolinux
meaning those wallets belong to bittrex specifically
not users
yeah well im not going to fud them
but we stumbled across these facts
nothing was a lie
it was all there for people to see
and D9 made it worse by denying it
the whole thing was fucked
deemington
yer
tokyolinux
in my opinion, what D9 did was a slap in the face of legitimate coins
like Potcoin, Cannacoin, HempCoin
but justice is blind
hehe
deemington
ye
tokyolinux
like you said, at the end of the day, even scammy coins can survive with business plans
deemington
well it will be interesting to see what happens
tokyolinux
i think so too
deemington
If he does give all that weed to a few dispensaries it might just get enough media attention for the thing to take off
tokyolinux
Yeah
tokyolinux
I'm sure everyone wants to make some Bitcoin off that pump
I know I do
tokyolinux
the price is back down to where it was the last time we talked about it lol
deemington
lol ye
tokyolinux
but it's not so certain a buy now
deemington
ye so many people buying now will dump for a few % profit it will have to be a crazy pump to get it back above 10k
tokyolinux
yup