TheHoliestRoger at 01:02, 13 May 2018

2018-05-13T01:02:26Z

TheHoliestRoger: Created page with "== What is Groestlcoin? == Category:Rogers"

2018-05-12T14:33:34Z

Created page with "== What is Groestlcoin? == Category:Rogers"

New page

== What is Groestlcoin? ==

[[Category:Rogers]]

← Older revision		Revision as of 01:02, 13 May 2018
Line 1:		Line 1:
	== What is Groestlcoin? ==		== What is Groestlcoin? ==
		+	Groestlcoin is a pump and dump [[Rogers\|Roger]], devs manipulate(d) block rewards for personal gain.
		+
		+	See [[Rogers:Digibyte\|Digibyte]] for another [[Rogers\|Roger]] using the same methods.
		+
		+	== Red Flag #1 ==
		+	[[File:Groestlcoin_Chat.png]]
		+
		+	== Red Flag #2 ==
		+	{{QuoteDiscord\|text=Anyone know much about this?<br>https://media.discordapp.net/attachments/372707284289060869/438618789295292417/grs.png\|handle=Cryptographer\|time=9:34 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=<span class="mention">@jackielove4u</span> ^^<br>Sounds like people with too uch time<br>Tell them to look into nano bitcoin talk<br><span class="mention">@Cryptographer</span><br>They decided to turn a 8 year distribution into 2 years lol<span class="edited">(edited)</span>\|handle=HACK3RMAN™\|time=9:42 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=I'm not invested in nano/raiblocks :) looks sketchy as fuck\|handle=Cryptographer\|time=9:48 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=I mean tell him if he cares that much lol\|handle=HACK3RMAN™\|time=9:48 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=https://webcache.googleusercontent.com/search?q=cache:mX6xVxJNzIYJ:https://groestlcoin.org/forum/index.php%3Ftopic%3D117.0<br>https://groestlcoin.org/forum/index.php?topic=117.0<br>^ the deleted post\|handle=Cryptographer\|time=9:49 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=That dude just sounds like a giant cock, frankly <span class="mention">@Cryptographer</span>. How can a decentralised cryptocurrency that has been running for 4 years considered a scam? It's open source and freely available. Additionally nobody knows the true wealth distribution\|handle=Yokomoko👨🏼💻🇬🇧\|time=10:30 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Because it appears that the first 120,000 blocks were essentially pre-mined I guess, which would mean GRS has TRX-style reserves and potentially not as decentralised as everyone thinks it is\|handle=Cryptographer\|time=10:31 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Pre-mined would imply that nobody had access to mine them, like they were mined before the announcement - Which was not the case\|handle=Yokomoko👨🏼💻🇬🇧\|time=10:31 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=pre-mined in the classic sense yes, but this looks like a clever way to hide the pre-mine\|handle=Cryptographer\|time=10:32 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Etc\|handle=HACK3RMAN™\|time=10:33 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=yeah but their block rewards are very linear\|handle=Cryptographer\|time=10:33 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=It rewarded early adopters.\|handle=HACK3RMAN™\|time=10:34 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=looks like GRS rewards dropped from over 250 to 5 within a few months\|handle=Cryptographer\|time=10:34 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=It's also a way to get supply out\|handle=HACK3RMAN™\|time=10:34 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=It's no different from buying every coin on exchanges when it was $0.0001 though<br>Wasn't a few months<br>The 512 GRS block reward was probably poor judgement more than anything\|handle=Yokomoko👨🏼💻🇬🇧\|time=10:34 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=why drop the supply so fast in a coin that hopes to survive for years and years though?\|handle=Cryptographer\|time=10:35 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=It has tail emission properties\|handle=HACK3RMAN™\|time=10:35 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Hmm I guess I'll take my questions somewhere less hostile\|handle=Cryptographer\|time=10:35 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Not being hostile. Are these not answers?\|handle=HACK3RMAN™\|time=10:35 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=They are not good ones\|handle=Cryptographer\|time=10:36 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Or it was designed to have a good supply output. It had a tiny premine which is documented and then had fair access to mining\|handle=HACK3RMAN™\|time=10:36 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=decent reasons for what happened and evidence of wealth/mining distribution\|handle=Cryptographer\|time=10:37 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Mining distribution isn't down to the devs<br>If no one mines it what should the devs do? Stop aswell\|handle=HACK3RMAN™\|time=10:37 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Nobody knows what the wealth distribution is like, the mining distribution can all be found on the public blockchain on insight or chainz\|handle=Yokomoko👨🏼💻🇬🇧\|time=10:37 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=I've tagged the lead dev in the chat so when he's not busy he can give better answers\|handle=HACK3RMAN™\|time=10:38 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Well you can claim you're not being hostile all you like but you're acting like these are stupid questions based on nothing\|handle=Cryptographer\|time=10:38 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Not saying stupid questions but you look to be aiming for answers that arnt there\|handle=HACK3RMAN™\|time=10:38 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=I could have 60 million coins, but distributed into 60 million wallets/addresses - Fair distribution? 10 million people can hold 60 million coins but they are all stored on an exchange - Fair distribution?<br>If you look at the walth distribution, you can see that Bittrex addresses hold a fair number of coins, but in that, there are hundreds of thousands of actual holders of the coins\|handle=Yokomoko👨🏼💻🇬🇧\|time=10:39 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Having a supply output is necessary. Coins can't be dribbled out anymore but claiming its an elaborate pre mine with 0 evidence is odd. Yet out answers are hostile?<br>If you can show evidence of mining before the ANN other than the declared tiny premine then you have more merit\|handle=HACK3RMAN™\|time=10:40 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=The wallet address with 5 million GRS in it, I've looked in the past and they would have cost about $10k at the time IIRC\|handle=Yokomoko👨🏼💻🇬🇧\|time=10:40 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=And early weeks/months\|handle=HACK3RMAN™\|time=10:41 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Any HFs are conensus based anyway, that's how it works\|handle=Yokomoko👨🏼💻🇬🇧\|time=10:41 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=More specifically the skewed rewarda\|handle=HACK3RMAN™\|time=10:41 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=no consensus = no hf\|handle=Yokomoko👨🏼💻🇬🇧\|time=10:42 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=There's benefits to linear rewards and also benefits for a skewed one <span class="mention">@Cryptographer</span>\|handle=HACK3RMAN™\|time=10:42 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Im here\|handle=jackielove4u\|time=10:45 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Read up fam\|handle=HACK3RMAN™\|time=10:46 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=it means the block reward started from 256 and dropped to 5 grs\|handle=jackielove4u\|time=10:46 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=256?\|handle=Yokomoko👨🏼💻🇬🇧\|time=10:49 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=sorry 512\|handle=jackielove4u\|time=10:49 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Binary digits :D\|handle=Yokomoko👨🏼💻🇬🇧\|time=10:49 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=the more coins were out there, the more adoption was the thinking<br>every coin hs its own tail emission<br>eth had a presale<br>and on launch they had all those eths even without pow<br>nobody talks about that<br>we had our block rewards setup that in the 3 months there are enough coins to trade so we can exist and compete with other coins\|handle=jackielove4u\|time=10:49 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=<span class="mention">@jackielove4u</span> when are you saying you deleted that post that's cached?\|handle=Cryptographer\|time=10:51 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=i deleted all posts by srcxxx\|handle=jackielove4u\|time=10:51 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=?\|handle=Cryptographer\|time=10:51 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=i wasnt aware there were still posts of him on our forum\|handle=jackielove4u\|time=10:51 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=/was\|handle=Cryptographer\|time=10:52 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Proof is in the code, right?\|handle=Yokomoko👨🏼💻🇬🇧\|time=10:52 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=let me show the code\|handle=jackielove4u\|time=10:52 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=because looking at the blockchain explorer it looks like it dropped 6% daily, not weekly\|handle=Cryptographer\|time=10:53 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=example: https://twitter.com/GroestlcoinTeam/status/473191132361674752\|handle=jackielove4u\|time=10:53 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+
		+	{{QuoteDiscord\|text=No it dropped 6% weekly, then 2% weekly iirc\|handle=Yokomoko👨🏼💻🇬🇧\|time=10:54 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=we dont have pos/pow hybrid. we dont have masternodes. we dont have instasend\|handle=jackielove4u\|time=10:54 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Now Jackie is giving us all access and Jackie is on holiday next week. Prepare for a fun ride! We'll have everything, master modes, PoS hybrid, algorithm changes (to Lyra2ReGroestl), instasend, faucets\|handle=Yokomoko👨🏼💻🇬🇧\|time=10:56 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Weekly is 10,080 blocks right?\|handle=Cryptographer\|time=10:56 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=<span class="mention">@Cryptographer</span> I worked it out ages back, it checks out\|handle=Yokomoko👨🏼💻🇬🇧\|time=10:56 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Block Reward: Blocks 0 till Block 120,000 512 GRS, decreased 6% every week Block 150,000: 25 GRS, decreased 1% every week till it reaches 5 GRS Minimum block reward: 5 GRS\|handle=jackielove4u\|time=10:57 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=the website says 10,080<br>https://chainz.cryptoid.info/grs/block.dws?120000.htm<br>https://chainz.cryptoid.info/grs/block.dws?130080.htm<br>this is more than a 6% drop<span class="edited">(edited)</span>\|handle=Cryptographer\|time=10:57 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=back from where?\|handle=jackielove4u\|time=10:58 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=at block 120,000<br>because until block 120,000 everythingwas done on counts of 10,080 blocks\|handle=Cryptographer\|time=10:58 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=hold on\|handle=jackielove4u\|time=10:59 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Block 150,000: 25 GRS, decreased 1% every week till it reaches 5 GRS Minimum block reward: 5 GRS\|handle=jackielove4u\|time=11:00 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=so what's the block count for the 6% drop from then on?\|handle=Cryptographer\|time=11:01 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=But Jackie is on holiday next week. So we're changing it to 100 GRS rewards until he returns<br>:D\|handle=Yokomoko👨🏼💻🇬🇧\|time=11:01 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=10,080 blocks since the start, then from 120,000 it changes to?<span class="edited">(edited)</span>\|handle=Cryptographer\|time=11:01 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=https://github.com/Groestlcoin/groestlcoin/blob/master/src/groestlcoin.cpp#L64-L74<br>this is our block reward code:<br>https://github.com/Groestlcoin/groestlcoin/blob/master/src/groestlcoin.cpp#L77-L122\|handle=jackielove4u\|time=11:02 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=// Subsidy is reduced by 10% every day (1440 blocks)<br>wow\|handle=Cryptographer\|time=11:03 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=Subsidy is reduced by 6% every 10080 blocks, which will occur approximately every 1 week from block 0 till block 120.000<br>from block 120.000 till 150.000: Subsidy is reduced by 10% every day (1440 blocks)<br>from 150.000: Subsidy is reduced by 1% every week (10080 blocks) till it reaches 5 grs<br>we did what we thought we needed at that time to get as much of coins out as possible in the beginning\|handle=jackielove4u\|time=11:03 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=so going back to the deleted post - it's actually correct\|handle=Cryptographer\|time=11:04 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=no, what he did was create a new wallets and sounding it like he added new features<br>everybody using the old wallets were just fine<br>all he did was put a new splash screen<br>its like saying:\|handle=jackielove4u\|time=11:05 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=ok thanks for the answers, that's enough for me. take care\|handle=Cryptographer\|time=11:06 AM\|url=https://discordapp.com/invite/3nc6h6S}}
		+	{{QuoteDiscord\|text=he made those all up\|handle=jackielove4u\|time=11:06 AM\|url=https://discordapp.com/invite/3nc6h6S}}

	[[Category:Rogers]]		[[Category:Rogers]]

Rogers:Groestlcoin - Revision history

TheHoliestRoger at 01:02, 13 May 2018

TheHoliestRoger: Created page with "== What is Groestlcoin? == Category:Rogers"