Overkillcoin: What cryptocurrency use to look like (and maybe still does, YOU CHOOSE!)
blockchain·@intelliguy·
0.000 HBDOverkillcoin: What cryptocurrency use to look like (and maybe still does, YOU CHOOSE!)
<html> <h2>A video released March 2014. Did you see it? It means as much today, as it did back then.. WOW! This is sick..</h2> <p><img src="https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcQFMvj0sUtrlHZubzlUGKzQXycQcKo1wJPmsoo21eT1saAVm3B0" width="147" height="148"/></p> <p>Many people into cryptocurrency today either "forget yesterday" or they simply are NEW and haven't seen it.</p> <p>What happened then, doesn't affect steemit, but it is still very interesting.</p> <p>This is a good time to re-vitalize OVERKILLCOIN and the parody video...</p> <p><strong>Back in 2014,</strong> people were forking coins faster than users could identify the developers. Luckily for all of us, the majority of forked coins were just simple "bad forks" with just marketing hype, and bad execution, with pump and dump schemes.</p> <p>I'd estimate about 85% of badly forked coins, that were pump and dumps carried no payload. The remaining 15% were trojan horses that did carry a payload. A virus, backdoor, or some other nasty thing like a wallet private key stealer planted in the code.</p> <p><img src="https://www.steemimg.com/images/2016/08/15/thief4abbb.png" width="125" height="149"/></p> <p>ANN bitcointalk.org forum posts (announce posts) were usually given a 24 hour notice, then code was released, and mining began instantly. This gave zero time to audit the code before you downloaded, compiled, and ran the wallet.</p> <p>Mining pools and exchanges were pre-negotiated, compensated, setup ready to go, to accommodate the new "scam coin".</p> <p>Now, not all new coins forked were purposely built with mischievious purposes in mind. However many of those were released by <em>unskilled</em> programmers who hoped that they could support a coin they forked, which rarely happened long term.</p> <p><strong>Thankfully we moved away from that stage.</strong> You'll still see it every now and then, just not nearly like you did. In 2014, every morning you'd wake up, there would be another Scrypt or SHA256 coin, or one with a new mining algo..</p> <p>These feeble attempts at releasing a coin can, and still will, happen. <strong>So be careful.</strong></p> <h2>The point of this blog post, is to show appreciation for the producers of Overkillcoin, who finally had enough and spent the time to produce a parody video which brought light to the problem.</h2> <p>If you haven't seen it, or have already seen it. <strong>It's time to watch it one more time, so we can remember our roots of where things were..</strong> and where we never want them to go ever again.</p> <p><em><strong>P.S.</strong></em> If you notice, <a href="https://www.peercointalk.org/">Peercoin</a> was the one that got chainsawed to death unfairly in the video. <strong>An interesting fun fact is </strong>that the creators of the Overkillcoin video are the same ones who produced the <a href="https://www.youtube.com/watch?v=7tra0vmparI"><strong>tasteful, and official Peercoin video</strong></a> :)</p> <h2>Here's the video, it is a good watch.. if you enjoy it, thank the producers, and then maybe upvote this post, so other people can see this and enjoy it too...</h2> <p>*** WATCH FIRST ***</p> <p> https://www.youtube.com/watch?v=1eU2INYe4gk</p> <p><em>I'm curious. Did you see this video? Do you understand the parody? What do you have to say about the way we were in the spring of 2014 vs now. Have we learned anything?</em></p> <p>Here's a good way to digest this after showering from that ugliness that happened back then:</p> <p>*** WATCH SECOND ***</p> <p>https://www.youtube.com/watch?v=1k8craCGpgs</p> <p><a href="http://www.azlyrics.com/lyrics/journey/dontstopbelievin.html">Don't Stop Believin' Lyrics are here</a></p> <p><br></p> </html>
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