The billion coin was introduced on May 16, 2016 on the website Bitcointalk.
https://bitcointalk.org/index.php?topic=1474005.0
The coin announcement lacks quite a few things. Specifications of the coin are not found.
4 nodes seem to have supported this coin at one time or another.
https://tbc003.net:2053/ is the only working link I can find to the blockchain.
Going to the first block I can see it was mined on Mar 1, 2016 9:55:53 PM, with a pre-mine of 500000000TBC (50%) sent to 5 miners, block size of 500TBC and a difficulty of 0.00024414. Current block (as of Apr 27, 2017 7:40:14 PM) has a difficulty of 0.00157772 at block #134114
This coin currently has one exchange, with one market.
https://thebillioncoin.trade/markets/tbcbtc#
Viewing the Millionaire page on their website
https://thebillioncoin.info/tbc_millionaire_board.php
I can see that the top holder has 19481200TBC worth 297,301,398,213.26 EUR.
There is an option to see the values listed in bitcoin, but the drop down menu doesn't work as there is only $21,498,845,205.00 in bitcoin now (as listed by https://coinmarketcap.com/) which means that the top person for TBC has 15 times more money than all of Bitcoin combined.
By scrolling through the pages of the millionaire board, I can see that there are 1221 members with TBC in their wallet. The main page has a members list of 172175
How does this coin gain value? From the membership agreement.
With a starting price of 10cents in Euros, the price will always go up from 1-5% daily until each TBC is worth 100Billion dollars.
The idea that anyone can be tricked into this is mind blowing.
A currency that always goes up regardless of supply and demand?
This coin is promoted in a few places, and while most people that are going to be able to find this page, probably know about it, or are smart enough to not touch it in the first place.
This is a large ponzi scheme.
Buyer beware.
-Madhatt
it's not cryptocurrency
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Itll never be a billion dollars either.
But, it does have a blockchain... so, I think its got 1 foot up on Onecoin, as Ive never seen their blockchain.
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Nice. Its a big scam.
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TBC can never be in coin blog you call coinmarket cap because it's a username coin and not a market driven coin.
Please If all you have written are your reasons of calling TBC a scam check again.
Humble yourself to relearn unlearn new development.
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relearn unlearn?
ya. sure.
A username coin? What is to stop someone from making 500 accounts? The TBC police? (thats an actual thing... hilarious, but true)
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