uxellodunum on Nostr: Quick primer on how to easily spot shitcoinery scams. a) The shitcoin calls itself ...
Quick primer on how to easily spot shitcoinery scams.
a) The shitcoin calls itself "decentralized", but assigns block confirmation to be well under 10 minutes.
The chain will only work as long as it's actually Centralized.
b) According to the shitcoin documentation, "an error was made in the GetBlockSybsidy function, which is responsible for calculating the reward payouts for mined blocks. This resulted in a deviation from the established block reward scheme." In other words - A likely excuse for a pre-mine.
c) This shitcoin has Unlimited supply to prevent "deliberate removal of coins from natural circulation in the ecosystem and make up for lost wallets on hard drives/phones/lost encryption passwords/etc". 🙈🙉🙈
Published at
2024-07-13 20:36:56Event JSON
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"content": "Quick primer on how to easily spot shitcoinery scams.\n\na) The shitcoin calls itself \"decentralized\", but assigns block confirmation to be well under 10 minutes. \n\nThe chain will only work as long as it's actually Centralized.\n\nb) According to the shitcoin documentation, \"an error was made in the GetBlockSybsidy function, which is responsible for calculating the reward payouts for mined blocks. This resulted in a deviation from the established block reward scheme.\" In other words - A likely excuse for a pre-mine.\n\nc) This shitcoin has Unlimited supply to prevent \"deliberate removal of coins from natural circulation in the ecosystem and make up for lost wallets on hard drives/phones/lost encryption passwords/etc\". 🙈🙉🙈 \nhttps://i.nostr.build/fET2XKIXljIbBgL7.jpg",
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