Megacoin: A new global currency | Hacker News Reader

Megacoin: A new global currency

megacoin.co.nz

16 pointsz0a16 comments

A scammy cut-n-paste altcoin that tries to cash in on an implied but non-existent relationship with Kim Dotcom.

Stop ruining HN with crap posts like this.

Please note that it would actually be worse if they had a connection with Kim Dotcom. To accurately judge his character, you cannot rely on the descriptions of his exploits as international "Mega-man".

His english language Wikipedia article has been largely cleansed of what he did in Germany and his German article also just glances over what happened[1].

That guy stole and sold credit card info and ratted out fellow internet citizens for (I kid you not) illegally sharing copyrighted material. Do not trust.

[1] http://translate.google.com/translate?sl=de&tl=en&js=n&prev=...

> Yes! Of course! August 28, 2013! That was the day I invented time-dilated difficulty gravitational wells. The black holes of difficulty formulas! I remember it vividly. I was standing on the edge of my toilet about to upload a standard fork, the porcelain was wet, I slipped, hit my head on the sink, and when I came to I had a revelation! A vision! A picture in my head! A picture of this! [1] This is what makes time-dilated difficulty formulas possible: the Kimoto Gravity Well! It's taken me nearly sixty six years and my entire family fortune to realize the vision of that day. KGW = 1 + (0.7084 * pow((double(PastBlocksMass)/double(144)), -1.228)); Marty, we don't have much time, we must release it upon the universe today. The future of Megacoin depends on it.

After a few minutes of browsing their Github and about page it looks like it is based on this forum post [2]. edit: After further investigation it looks like it uses MurmurHash3 and scrypt... but it's definitely less interesting than Dogecoin.

1. http://i1367.photobucket.com/albums/r783/megacoin/KimotoGrav...

2. https://bitcointalk.org/index.php?topic=240861.msg3040291#ms...

Just to clarify for anyone who isn't sure: Yes, it is all bullshit.

How is this different from any other scammy altcoin? I don't get it.

cuz, it's got animations!

So it is starting to look like the pump and dump schemes now have money behind them.

Looks like an alternative Litecoin blockchain:

http://cryptolife.net/in-depth-altcoin-analysis-megacoin/

Nothing particularly interesting.

The reported stealth launch is interesting, if depressing. Stealth launches are essentially a deniable form of premine and not a good indicator for a coin's future, historically. I know I won't be trading this coin or recommending its markets.

I'm guessing it's intentionally using the "mega" prefix and a New Zealand domain to conflate itself with Kim dotcom's ventures? How is this not a scam?

Bear in mind this has nothing to do with Kim Dotcom. It's just another Litecoin fork ripping off the Mega trademark and branding.

Oh, another scrypt based altcoin. that's refreshing.

But this time they're mooching off Kim Dotcom's branding.

...at least its not a meme.

Is there any confirmation Kim Dotcom isn't behind it? This seems like the kind of hustle that's right up his alley.

Just a note, this site literally crashed my iPhone.

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