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Simply put, yes it does @tee-em. Not the best idea when it comes to creating a new cryptocurrency.

Sounds like a hatercoin. Lol

It does sound like a hatercoin, and it isn't something that the crypto community needs at this this time.

Yeah, I don't see it catching on as an effective tool in the least. I have much more to worry about than a coin enveloped in fraud with no real external market.