Bitcoin Forum

Hello Community,
[Edit: see updated launch plans here: https://bitcointalk.org/index.php?topic=48598.0 (https://bitcointalk.org/index.php?topic=48598.0) ]

There has been rumors bubbling up today that our exchange, Crypto X Change, which launches this coming Monday, is somehow connected or involved with Solidcoin.

Categorically, we are in no way connected or involved with Solidcoin. Our exchange is Bitcoin-centric (our goal is to become the primary Bitcoin exchange).  We are also going to be supporting namecoin and litecoin as alternative chains, and as time goes on we'll evaluate new chains and consider them on a case by case basis. But in all cases, we stand fully behind Bitcoin. There are NO plans to integrate anything solidcoin-related at all, in any way.

It's understandable that community members are skeptical/suspicious of all motives and intentions of newcomers. We welcome your questions and shall work to earn your trust over time. Crypto X Change has been a significant investment for us. We're not going anywhere, and to be honest we're wildly excited for the future of this new currency.

If you need to investigate or "vet" us further, please do so, but please remain professional and civil.

Regards,
Crypto X Change

Tis a nice change in tone over the previous guy you had runnin the forum account.

This display of caution has (somewhat) regained my trust.

This is great!  Thanks, at least a CPU based currency is in. :)

How? I can't view that image. And no, I won't register.

I assume this board is free since there is no issue having the GG,TBX,LTC,FBX trolls post here?

Oh, that'd be theymos. And, by the way, that link STILL doesn't work.

Maged, https://i.imgur.com/DTuLx.png

Edit:(From the other thread)

All of those you mention are peer to peer (and as a bonus, open source) cryptocurrencies similar to bitcoin.  SC is a closed source, centralized exchange of... something, with the peer to peer component mostly as a faucet or smoke screen to hide its highly centralized nature.

In short, the others are alternate cryptocurrencies, while SC is not.

So, CryptoXchange, what are you going to do when BitcoinEXpress threatens to attack your exchange like he did to others before? Or did it happened already and that's why you are posting this?

What does that have to do with the fact that SolidCoin is shit? Do you think they should support SolidCoin just because BCE may in fact be a Greater Internet Dickwad?

has to do with the fact we all know he's an extorsionist who threatens alt currencies to get paid for not attacking them and that he already threatened exchanges before.

So, did it happened this time also? Maybe the 1 hour talk he had with tHem was more:
"Or you stop with Solidcoin on your exchange or I'll attack it and double spend on your exchange and ruin you"
and less:
"Solidcoin is a scam and blah blah blah"

I asked CryptoXchange, not you, you bag of shit...

psy, I wouldn't expect them to answer your question seeing how loaded it is.

I do wonder what kind of question that is though, why should threats of attacks not be taken seriously around these parts if that were the case at all, which I am pretty sure it is not.

I bet Crypto X Change are going to be thrilled when they come back on line and see what a clusterfuck this thread has become.  Why not let them speak to the motives behind their business decisions instead of trying to put words in their mouths?

Because it happened before people just paying him up and shuting up about it... Are we supporting criminals now? Because extorsion is a crime. And this guy, from day to day, reveals himself as a criminal. The worst is that he's trying to make you all think that he's right in everything he does. And we all see what happens to people/entities who don't agree with him when he has the power to do something against said persons or entities.


Your word also just doesn't cut it anymore.

No relation to what I'm asking. I don't care if Crypto X Change doesn't accept solidcoin, fine by me. They could also not accept BTC and only trade on namecoin and litecoin., and it would also be fine by me.

The point is that BCX is pushing all over the forum that it was because of him that Crypto X change rejected solidcoin. And we all know how BCX does the stuff he brags about... Most of times he does them by force.

I'm pretty sure that if Crypto X Change doesn't want to get involved with Solidcoin they should also not want to have any type of relationship with a criminal such as BCX.

Got it?

I think if anything, the desire to back away from the situation at all, at the least until the coin itself is more established and grounded, would be very wise for any start up going into this field. I mean, may god help them with Bitcoin scammers alone, then all the alt currency shit, I am very surprised they are supporting any alt coin, but they are a global exchange, and I'm sure if SolidCoin stays on top of things, overtime, it will be in their exchange of course.

Extortion is a crime both in the US and in Australia and both countries have extradition treaties. I can assure you if he made a threat like that it would be passed on to the appropriate authorities.
http://www.austlii.edu.au/cgi-bin/sinodisp/au/other/dfat/treaties/1976/10.html   (http://www.austlii.edu.au/cgi-bin/sinodisp/au/other/dfat/treaties/1976/10.html)

Each coin is judged on its merits.

Please keep this on topic and stop with the personal attacks.

I am sure that the one thing that is confirmed to hurt real bad is the tax in Australia :(

I'm certainly less of a weasel than you or CH/RS or BCX, that's for sure.
I'm not here to get rich quick by any means, like you guys.

Thats not on topic at all. Unless you are asking whether GST applies to cryptocurrencies ? Or whether the carbon tax affects mining them in Australia?

Yup, that's me.

Now, please, describe yourself...

Enough with that please. Lets have a civil discussion.

To date nobody knows exactly how the ATO is going to treat Bitcoin income.  Australian taxation laws regarding income from hobbies (as defined by the ATO) are vastly different from those elsewhere and the majority of those trading on the exchanges may benefit from those difference.  Eventually someone will apply for a private ruling and then it will become clearer.

Isnt running an exchange a service ?

The ATO classifies your company as a hobby if your turnover doesnt exceed $75,000 a year.

We still have over 30% company tax rates so yes we do pay tax on profits.

The GST just replaced sales tax. I also wonder if they will try and slap import duties and things like that on bitcoins not mined here.  :D

I what?

Don't be a moron. I asked a question to the OP, not to you or to SAC, and yet, both of you responded to me, so, you better put up or shut up.

One more thing: thanks for trying to control your dog, BCX...

Depends if its a  commodity like gold and silver. I dont think they tax fiat currency.

Then again this is why I dont run an exchange and leave it up to the people who can  :)

The exchanges themselves would definitely be classed as businesses (the actual definitions are more complex than just turnover and refer substantially to "business like activities" - so your income can be low and still classed as business income or higher and still classed as hobby) and be taxable as such.  As service providers, they'd also have a GST obligation upon reaching the threshold of $75,000 (technically they're collecting it from their customers and passing it on to the ATO as opposed to paying it themselves).

What's not clear at the moment is how the ATO will ultimately regard any income people using the exchanges make from their trading activities and what information the ATO might eventually (and I'd say this would be a fair way off - the ATO doesn't typically bring in policies which affect almost no-one) require the exchanges to disclose about their clients trading activity.  The ATO already gets information from banks about interest earned on their customers accounts (it's pre-filed on your tax return if you use e-tax), and that's likely to be extended eventually to other forms of income which people often neglect to include on their returns.  But in the short-term I don't think there are many exchange users whose trading activities would be regarded as anything other than a hobby by the ATO (meaning that income wouldn't be taxable, but nor could they claim any losses).

Really? Any evidence?
Otherwise your accusation is libel, and you are the one that contravenes the law.

I would sure love to see how they explain the differences between mining coal and mining bitcoin to those folks at the tax department.  Should be worse than those water torture.

Sure, take a look: http://coinbits.com/images/BTCXMessage.png

And happened with namecoin, when they paid him I dunno how many namecoins for him  not to attack the chain. search for it on the forum. Or maybe someone else will show it to you.
He also threatened doublec that he would do a 51% attack on solidcoin and double spend at his exchange, which forced doublec to close the solidcoin exchange.

This guy is an admitted criminal. He doesn't even try to hide it.

You don't even need to mention it.
With all the time you are spending trolling here, you are a screaming antithesis of effectiveness
You aren't going to get rich that way, and it is not a question of time.

That's what I thought, you use words that you don't understand..
Maybe you can go check a definition of extorsion.
As for your screenshot, it is only a display of vested interests, and nowhere close to extorsion.


Really? Evidence? If it is on the forum, you should be able to find it back.
Until then, STFU.

Again, that doesn't qualify as extorsion.

Under which law?
So far, BCX attacks are using existing features / weaknesses in the protocols that have been put there explicitely by the designer (and the copiers). It is all legit under this framework.
At most, he is guilty of beating people at their own stupid online video game.
That won't go any far in court...

BitcoinEXpress never threatened us in any way, though we have told him that we will take any threat by anyone seriously (we know some of the alt-chain people threaten and/or attack each other). Our systems are not amateur, and any attacks against us will be investigated and reported to authorities if appropriate. But again, nobody has threatened us.

BitcoinEXpress did make very clear to us his utter antagonism toward Solidcoin, but no news there.

The only cryptocurrency we fully support and endorse is Bitcoin. As mentioned before, we may experiment with other chains if and when they seem legitimate and appealing (and we may drop them just as fast). We have no interest in Solidcoin at this time, but will be supporting litecoin and namecoin. We consider all alt-chains to be experimental.

We encourage competition between chains, and in our judgement, nothing comes close to the infrastructure, brand recognition, security, and development team of Bitcoin.

Regards,
Crypto X Change

Don't worry, my work gets done, I get paid, I don't need to steal from others, I don't need to take money by force from others. And I'm already rich enough.
Plus, I enjoy trolling the trolls.


Thanks for answering.

good luck with the new Exchange!

now I'm just waiting for a debitcard based company backed in Bitcoin and other currencies XD
do currency exchange with bitcoin, (almost no fee!) then buy in your country of choice via normal credit/debit system.

One lesson to learn from this thread : staying away from SolidCoin isn't enough to stand clear from the trolls.
SolidCoin is like CandyMan or BloodyMary : the only fact of mentionning it is a curse that will ultimately doom your thread to yet another stupid death.
Please people, forget this bad memory, and let's do like if this monstruosity never existed in first place.

Thats a little bit melodramatic to say the least  ::). How many Tenebrix do you hold ;)?

It's very cheap and very quick to move money within Australia using conventional means, so they may well be able to develop something which merges Bitcoin with the existing (cheap) options for getting cleared funds from person A to person B from within seconds to overnight.

All you do is cause trouble and pain to others.
When will it stop?

not necessarily lights out, but yeah... an exchange that gets a debit/credit card attached and able to handle bank like currency balances in multiple countries? delicious.

booo... I would prefer a goal of becoming the most reliable, secure, stable, efficient, etc bitcoin exchange, but also would rather prefer for all exchanges to strive for best reliability, best security, best stability, best efficiency, best etc and to not necessarily compete with one another for superiority but instead even helping to promote those others that are superiorly equal due to strivances for best offering of service to consumers.

However, it is not responsibility of each exchange to promote one another's established quality of service in all aspects.

If I had 150,000 btc or bulk amounts of any coin I wouldn't be bragging about it especially on the bitcoin forum......

Anyone with that many coins bragging about it paints a target on their back. I dont have many coins at all so its not something I have to worry about.

Look at Allinvain , mt gox et al. Your wallet will be a juicy prize to any hacker who cares to take a shot. Did you report your bitcoin gains to the irs ? These are a couple of reasons. Im sure people here can think of more.


Its prudent to not broadcast this all over these forums.

They like doxxing people. I didnt enjoy it when they doxxed me either. I dont know if I would trust my coins to flash memory like a pen drive either.

Cool. Can you give the link?
I am still pretty confused with the fact you claimed to be RealSolid only to deny it later.
A nice little dox would help making you look more orthodox.

Yes, I feel sick to my stomach.

Next time you see the greedy bitcoin express think of this:
http://misstila.com/wp-content/uploads/2011/06/Starving-Child-5.jpeg


Screw all the coins, forget fiat, forget gold, forget central banks. Forget guns and bombs and wars over oil. It's all bullshit.

^

Really?  WTF do starving kids have to do with a PM about a 2-week-old cryptocurrency?  TBX market depth is like what, $100?

Do you have at least $100?  Even in assets?  Yes?  Then you're just as guilty, when it comes to those poor kids.

Know what makes me sick?  Blatant attempts to guilt or inspire emotional reaction in retaliation to things which deserves neither.

If anything, you've undermined their plight by comparing it to something so trivial.

So, are you going to do something about that?
If you do and you offer the proper level of transparency, I will be glad to participate at my modest scale.
In retrospect, maybe creating a giant placenta to allow the wealthy to recover their youth isn't what the world needs the most...

Ask how anyone that's invested in TBX feels about this. Even if they made money are they still happy that BEX got that ridiculous amount for free?

We are supposed to be making a credible alternative to fiat money here and as far as I can see we haven't done that.

Both points of which have nothing to do with that pic of starving kids.

You make valid points.  You lose credibility by playing an unnecessary "Think of the poor starving kids" card.

Edit: I mined 500 TBX from block 200-500.  Sold them as soon as the exchange came up.  I'm not upset.

No offense to Lolcust, but anyone who thinks a *coin with a large premine had a chance at being a 'legitimate' currency (laundry purposes are not legitimate) was fooling themselves.

Yeah, part of my rejuvepedia project was going to help rejuvenate the land, soil and water so that people all over the world could grow enough food.


It's for everyone. All people of planet earth.

Because most of us are working hard to get out of the rat race, get out of debt, get a stable place to live etc so that then we can start helping out the rest of the people
in the world. Sure I could probably post a pic like that for anything. Like when some idiot drops 50k on a SUV.

Yes, you can argue it was uncalled for but I have already posted it and i'm not retracting it. People work really hard in shitty jobs all over the world to fund the life styles of the top 1% here. Seems to me
its just the same shit here as it is in the real world. Sad we will all be torn apart and this community will come to an end and we'll all be fighting the worlds real elites on our own.

I'm not saying that you should not be doing what you are doing.
It's the standard in our world to somehow disregard the problem, find a justification to procrastinate, and continue doing our business as usual.
So I can't blame you not to take action right now, at least not unless I myself walk my talk, take a flight to Africa, and go help these children out of their misery
Simply, please be aware that you can't use against a single person an argument that so blatantly applies to all of us.

Hopefully distributed crypto-currencies will enable fair trade by shortcuting layers of profiteering middlemen.
But that is only if we don't fall again in the old mistake of entrusting a couple of people with the power to decide on behalf of us.

The Bitcoin trolls do seem to have a lot of money to throw around to get people to support the shitty altcoins they create. BTC-E has only added their currencies because they have paid them to do so. I suspect Crypto-Xchange is in the same position, being offered a large bribe to accept Litecoin.

These guys have made a lot of money through early mining and still have a buttload of Bitcoins they need to offload, so Solidcoin coming along and making Bitcoin look like the piece of crap that it really is is potentially very damaging to the value of their biggest remaining asset, the massive amounts of Bitcoin they still hold.

The alternative chains they are creating now are nothing more than a cheap and easy way to pump and dump a secondary market and increase their overall holding of Bitcoins.

Solidcoin is the only alt coin which has had a significant number of people mining it right from the start, so there are no pump and dump early adopters waiting in the shadows. The "pre-mined" coins BTCExpress likes to mention in every single post are in fact un-spendable by design, and are simply there to facilitate the 51% attack protection.

Solidcoin doesn't need Crypto-Xchanger to survive, but it would be nice if they would show their support rather than listening to people with a hidden agenda.

That's why SC isn't on CryptoX - they're showing their support for people w/o a hidden agenda  ;D

PS: U mad

Why is Ken Armitt in the about box for SolidCoin v2.0 if he has no connection to SolidCoin?  :)  OOooo someone getting trolled.

I dunno.  Since you put it there, why don't you tell us?

Oh wait.  I get it.  Yet again you don't have anything of substance.

Umad so sad

My name was also added without consultation. As was Ken's.

CryptoX should speak up to confirm/deny Ken's involvement. (Edit: As CH is specifically making the claim that Ken was involved)

But seeing as how one name was added w/o consultation...

CH is on a fail rampage folks, watch out!

Ken's name should not have been put in any "about box" for SolidCoin, not sure why that was done. No permission was given for such a thing. As BitcoinMedia mentioned, his name was also used in this way, again without permission. CoinHunter - may we request that you remove our name and references to us from your software?

Crypto X Change has been in development for several months. Part of our development was testing it with alt chains, and we did test with Solidcoin 1. After that went down, we had tested with SC2. The head of our company, Ken, was in contact with CoinHunter to advise on such testing.

Again - our exchange will not be supporting Solidcoin at launch, or any time in the foreseeable future. If at some point we think the marketplace really demands Solidcoin trading, then we'll consider it like all other alt chains. "The marketplace" doesn't mean a handful of people requesting it, of course.

Also - we were initially a bit worried this was turning into a witch hunt. But, our early skeptics have been quite polite and professional over the last 24 hrs and this is encouraging, so thank you!

Witch hunts are quite common (and IMO necessary) around here.  They lose steam quickly if its unfounded.

I was a CryptoX sceptic, but after a few PM's they've shown (to me at least) that they're giving an honest effort to produce a legitimate exchange.

Best of luck, CryptoX!

I don't know why, I am getting the same gut feeling as when the Pattaya story started to turn sour, and Bruce Wagner appeared revelation after revelation as someone completely different. There is a gigantic amount of bullshit orbiting SolidCoin, and gravity pull is getting stronger and stronger. Highly advisable not to stick around when all the crap hits the ground.

As a business, our goal is to become the primary Bitcoin exchange. Our goal is long-term profit and success. To achieve this, of course we must make every effort to be the most stable/secure/efficient exchange. During our development over the past months, we saw the MtGox fiasco and the other hackings and security breaches. We are taking these things very seriously. We have the most to lose from a security breech, and the interests of ourselves and our customers are strongly aligned in this regard.

You mean, because CryptoX is backed by the parent company? IE, the parent company absorbs the loss if there's a security breach?

Crypto X Change has liability insurance to cover losses, but the point was that if security breaches happen, we lose the trust of our customers. Our significant investment in the exchange is put in jeopardy if we lose trust (this principle is true of most legitimate companies but in the Bitcoin world even more so).

I just hope you realise the very people coming to you now as polite, "impartial" advisors and whispering poison in your ear about Solidcoin are the very same people that are responsible for those hacks, scams, security "breeches" (sic) and attacks?

Perhaps you will look back upon this time and realise this, perhaps not. Just wanted to put it out there.

In what way are they responsible for mt gox being hacked ?

Oh, this thread, and others about Solidcoin is all about spewing some unsubstantiated lies and have everyone believe in them without any kind of proof whatsoever. If it works for BCX why can't it work for others?

His posted some verifiable info about himself here.  Business registration records exist for him both as a company and as a sole trader.

https://bitcointalk.org/index.php?topic=48022.msg573991#msg573991

Quick Update on our launch plans, please see thread: https://bitcointalk.org/index.php?topic=48598.0 (https://bitcointalk.org/index.php?topic=48598.0)