Pirate Chain is no more than a pump and dump

Question

Pirate Chain Official (NO MIGRATION/AIRDROP) $ARRR 🏴‍☠️⛓

Pirate Chain is no more than a pump and dump

vehicle for the Komodo platform and Asic miners.
- The blockchain launched three years ago, and has already mined 90% of it's total coins. Not even bitcoin has reached this percentage yet. The vast majority of these mined blocks are completely empty outside of a single transaction (being the block reward) giving the owners of these block rewards an overwhelming supply to dump on investors.
- Pirate Chain has a convoluted mining system called "DPow". The easiest way to explain DPow is its Proof of Stake (notary nodes) mixed with Proof of Work (Asic miners). The miner block reward is dominated by ASICs who have hoarded the entire supply; and the notary nodes have complete control over the rewards for notarizing the network. Not even Pirate Chain's twitter marketer Fishy Guts can coherently explain how the hell it works.
- Can you run a notary node? Nope! There are only 64 notary nodes, and the only way to vote for these nodes is during annual elections if you own KMD, the cryptocurrency based on Komodo. One KMD = One vote. Good thing you hold ARRR!
- Oh, and did I mention the creator of Komodo, Jl777, is a known scam artist who loves premines? KMD, by the way, had a 100,000,000 premine out of a total supply of 200,000,000.
- What about the product? Pirate Chain has not developed a single technological innovation. They have not published any research or have influenced any other chains. Their entire project is based on the success of Zcash -- literally, Pirate Chain needs a shitcoin like Zcash to innovate for Pirate Chain's project to even survive long term.
- Worst of all, the technology behind Pirate chain privacy, zk snarks, requires what is ironically called a "trusted setup", because you need to trust that the developers had destroyed their private keys during the setup ceremony. Otherwise, they will be able to create coins out of thin air. Nice job doing research on this you retarded butt pirates!

Whats your thoughts on the above statements please, I am trying to understand, TY

#blockchain #cryptocurrency #english #piratechain

0

30.09.2021

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Sigrid

He Kaks, Good morning! I bought a new computer and was wondering what would be the best way to merge my Arrr. I have the Treasure chest and already downloaded the whole blockchain. Thanks man!

0

30.09.2021

H. Wue. Автор вопроса

Sorry 😔😇

0

30.09.2021

Edu · Accepted Answer

Edu

This again, seriously this has been posted too many fricken times...

0

30.09.2021

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Pirate Chain is no more than a pump and dump

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