Bitcoin Forum

Just wanted to point out that bittrex is listing coins with hidden premine and do not research the code first!

please share your hidden premine story here

I got burned on the latest hidden premine coin, Elite!


edit: if you are an investor please think twice before trading on bittrex! They have no research before adding new coins.

Important read right here!
https://bitcointalk.org/index.php?topic=711535.0

so many ,but i forget coin names

Yes so many... thats why we should team up against those exchanges!

Bittrex is not the problem. YOU are the problem. Who ask you to buy elite ?

U lost money and u are angry ? Get over it, just like people who got BTC on gox.

If u loss money and start blaming, u should seriously get out of alt and hold your BTC.

Nobody force u to buy any coin. U buy it , u know the risk. If u loss money, don't blame others but yourself.

i owned elitecoin for 2 hours before the hidden premine.

i went away after buying the coin and figured i would sell it before i went to bed because i dont want to hold new coins for long.

i watched two episodes of 'hell on wheels' then i came back.

imagine the horror i felt to see 100% of my money lost? it as around $88.18 in usd. this is more than i spend on a week for groceries.

i could have bought something useful with my money.

instead like a fool i trusted it to this exchange which worships scammers.

never again dimitry! never again!

dude just start to read the code by urself if u feel unsafe with the coin..bittrex is only an exchange like 100000 others!

and as u said "HIDDEN" is hard to find on 10000000000 lines of code

so shut up...own risk..bittrex solid exchange!!!!!

everywhere !mintpal  2 on ASIACOIN...MP not scameychange cuz u follow the hype and bought thousand sof coins and lost btc


shut the fck up and dont talk so much shit bout bittrex

at this moment bittrex is the best eschange with most volume!

LOOOOOOOOL 88 $ dude there are some guys who lost thousands of $ RLY :D :D :D u are funny

not everyone is rich asshole.  ;D

I have alot of free time and I think they should have looked over the code and they didn;t its not about the amount someone has lost 10 btc or 0.1 its the same.

I'm going to spend all my free time blackmailing bittrex. When they announce that they are looking over the codes I stop.

ya sure im not rich to and i dont regret to sell at 0.02 per coin i made 200$ profit cuz i dont follow any hype u know..i research myself...

but ur 88$ ??? dude rly...u want to destroy the Reputation of bittrex for only 88$

moron rly...i lost much at asiacoin and i dont flame bittrex or mintpal for adding...my own mistake..and i never made it again!

Bittrex is like gambling den. If u loss money , u can't blame the operator but yourself for visiting the den and gamble away your money on alt coin.

just start working in real life..there are no hidden codes!

everyone will follow u hahaha moron

im away now..start trading on bittrex now!

Free market not a wet nurse

Getting scammed by the developer is one thing. But an exchange not looking over the code is another!
Bittrex is really bad exchange better withdrawal all your funds!

just learn from your mistake, i was telling people to buy elite at 0.0002 and got laughed out of the thread, i even picked some up at 0.00005 and made back 10x already.
Dont jump into the next hyped up coin the day of launch, it's a great way to vapourise your BTC and is not the fault of the exchange

the code was available for everyone to check. this is not the first coin to have a hidden pre-mine and people lose. learn and move on, i have

leave it to anyone even where they want to trade!bittrex is my first address!
and now more than ever!

I am not listening to your advice because u make bad decision. Why should i listen to a guy who "I got burned on the latest hidden premine coin Elite!". It make no sense.

out of interest how much did you lose

you got lucky. you got in and out. the rest of us didnt get lucky and lost money.

you didnt get lucky because you r a fucking genius.

im getting tired of all u morons pretending you never lost money on a coin.

why should i take all the blame and shit-tricks doesnt have to get any of it.

they suck for allowing these scams. they should work with the community to prevent fraud.

This guy believes in Bittrex, but Bittrex did not check the coin well.
Thanks him for the warning.

88$ thats 0.13 btc peanuts!!
move ur bitcoins to exchange sell them and then leave crypto..best 4 u...u never got scammed again!u got caught by scamcoin...ur own fault!little fcking kiddie

typical chinese scammer talk.

you talk like a scammer because u r a scammer.

no way was this my fault asshole. i didnt put the hidden premine in the code and i didnt list the fucking shitcoin on my exchange.

its your mamas fault for raising a scammer.

btw do you think i believe any of u assholes are rich and playing in the penny alt markets? gtfo with this bullshit.

Bittrex check or not does not matter. When people loss money , there are people who make money on the same coin. Not everyone loss. Now he lost money and start blaming.

He have to figure out how to make money. Regardless scam or not. Everyone are given the chance to make money on elite. He made bad decision and lost.

go back to china scammer.

dedicated pool ipominer etc add elitecoin 2...they are scammer 2..dedicated check the code and didnt found!there was a big hashrate in the network...nobody check this!!!!!
so not bittrex only...ccex had added elitecoin first btw

so stfu with u 88$ peanuts and move on

fuck off china scammer man.

you move on. go back to your gambling den.

bittrex is supposed to be legit usa business. they should act like one.

 i think it's fair enough to expect bittrex to scan the code. the crypto community should be established enough to understand the basic scams and expect exchanges to do some due diligence.


they seem to have a good reputation, which can only be diminished by ELITE.

they also seem to be fairly randomly and very quickly adding very fast mined coins lately. so perhaps their reputation does deserve some tarnishing.

Bittrex not watchout but CHINESE must be Watch outt!!!!!Chinesee is the FRICK human on THIS crypto Planetttttt  ;D

The New Honorcoin 2.0|PoW/PoS| Honoring the 2% Free Distribution|HHR5MBBjUWbb94hGRbB7ZG4P1Fdcj8Vd8c (https://bitcointalk.org/index.php?topic=645946.0)

lel

another trend in the making, first make a scam coin and after it got milked revive it!

wie alt bist du eigentlich du scheisshaufen??
ich bin mit sicherheit kein china scammer du wurst! wie du durch google translate herausfinden wirst bin ich deutscher staatsbürger und wir haben es nicht nötig zu scammen!
ich habe an genügend coins mega profite gemacht..deine 88$ ist nur ein krümel von einem keks...genauso wie du ein krümel in der community bist! so viel spass beim übersetzen du kackhaufen und ich hoffe dir wird das gleiche immer wieder passieren bis so typen wie du endlich aus dieser scene verschwinden!

Every Exchanges should scan the code of coins, they are professionals and checking coins is the minimum to do

It dosnt matter how big or small you are. Every customer I can prevent from trading on bittrex is a win. I'm very dedicated in what I do, and have alot of time.

get a job bitch. get your ass to bittrex and trade u fucking lowlife scammer/thief.

i wont be joining u.

ppl like u crying for an exchange 10mins after launch lol

have u ever check a source of a coin???do it!!!and come back and tell me if its rly much or not...and explain me the word "hidden"

i have a job btw...thats my 100% safe money..and btc is risk money u know?

i told these same people not to buy yet in the original thread, now they are mad at bittrex because their BTC went *poof*
Yes it's the exchanges fault, just like it's the casinos fault if you lose. . They forced you to buy that hyped up shitcoin!

just noobs
same ppl who panic sell after wallet stuck....
noone interest this shit here

i leave the thread..useless...bye

Sorry but no ^^"

You know men, you are PAYING their services with the fee on transactions, they are not doing it for free. And personnaly i want to pay for a clean service, not a shaddy one :/

That's the main problem of Cryptos today, there is a BIG lack of professionalism ...

edit: exchanges are not casino, the services in casino are cleans, you will not lose your gains because "sorry but the machine didn't worked well, so we won't be able to refund you"

I have two examples for comparison....


1.  You gamble at a casino, however 50% of the machines you use at the casino are rigged to take your money 100% of the time.  DO you still use that casino when they add new slot machines, or even at all?

2.  Your work for an employer, however some of the jobs you go on, are invalid, and dont pay you.  Do you still work for that company?


Its the same thing, yes there should be a level of personal responsibility, and there absolutely needs to be a level of professional responsibility.  

I've lost nothing, zero, zip, nada..... and I still feel this way.  It's not right, and anyone who defends Bittrex is comfortable taking money out of these scams and probably should not be trusted in one way or another.

+1

I was in their IRC yesterday and they acted like they didn't even care. It was sort of like 'oh well. another scam, what can we do?'

No attempt to even think about how they can stop this from continuing to happen.

Too many people supporting them doing this shady practice...

for education purposes:

https://bitcointalk.org/index.php?topic=566870.msg6535095#msg6535095

that is the link to the asiacoin hidden premine.

if we had the code from elitecoin we could examine it for similarities.

someone should post a copy of main.h and main.cpp so we can see what happened.

we r on our own guys! the exchange could give a fuck if we lose money as long as they gain.

we must protect yourselves!

wow... if you want government regulation, rules, laws, go play in the real stockmarket guys. You'll lose your money just the same.

another poor argument.

we dont need the government to protect us. we need the exchange to review code for hidden premines.

big difference.

besides. you can lose money on the stock market but if a scammer gets caught they go to fucking federal prison.

at least the victims get that satisfaction.

there must be a level of personal responsibility

Every time you made money on an exchange, someone else lost money. That's a fact. Where do you think your profits come from?

so many newbs with zero clue right here.

why don't you review the code? your the one who was mining it!

And a level of professional responsibility, it goes both ways.

wow yellow you are so wrong.bittrex is providing a customer service.its their duty of care to check codes for this sort of stuff.not all people trading in crypto can read code.if some loses money because of bad trading than yes thats their own fault.but when some one losing money after investing a coin which has hidden premine or something else they cant be blamed for it.if bittrex spent alittle longer checking coin before listing every coin that gets released this wouldnt happen.bittrex should be held liable for this.if this happened in the share market the owner would be thrown in jail.i cant wait for the first lawyer to take on a case of some one being scamed in the crypto seen.it will happen.the wrong person is going to get burnt and than the flood gates will open.i would be very wary if i was a dev or exchange invovled in any of the latest scam coins.the amount of scams in the last month has certainly got alot of attention.you can guarantee there are some officals looking at this sought of stuff as we speak.definately a step backwards for the crypto world.for you to say bittrex has no responsibilty to provide their customers with a safe trading platform is just ludicrous

i didnt mine it. i speculated on the price going up. i held for 2 hours and lost 100% because of the scam.

i dont get it. im the newb but you dont know the difference between someone losing on a trade because of prices and losing 100% because of a scam.

u might be the newb, kid. ur logic is flawed.

its fair to make money on trades. its not fair to get scammed out of 100% of ur funds because of a scammy dev and 'fast listing' where no one checked code.

dont worry the regs are coming.i cant wait.

Sigh, the way bittrex are going, it's going to be needed sooner than later.

These amount of scams did not exist even 3 months ago, and bittrex showing no signs of slowing down adding them.

Who complains about such a small amount of money? Ghetto fucking losers. Seriously it is disrespectful to real investors to see morons complain about peasant change.

Bittrex is getting closer to getting burned themselves. Like someone mentioned before one day someone getting burned and puts up a case and bittrex will lose it 100%, I dont sell my coins I need them as proof!

GTFO

Statements like this are pathetic.  The amounts are irrelevant.

+1, that's a childish way of thinking.

"ahah noobs, they got burned and complain about that. I'm not that stupid. Aha noobs !"

Crypto world shouldn't be accessible to less that 21 years old  ::)

Personnaly i've been burned, but i'm thinking "i should have known", and i'm thinking that i was stupid to believe like that.

BUT i also pay for Bittrex service and i'm not happy with theirs. They are not professionals ...

Exactly getting burned by scammy developers that can happen. But hidden premine coins should not happen at all!

Bittrex should be the one accountable for this!

no, they shouldn't.  their job is to provide a place to trade coins.  THAT IS IT.  your job is to figure out what you are buying.

+1 especially as they don't even comment on any of this... (not a single comment anywhere, explaining either their behavior as "trusted escrow" (actually not anymore, and I really trust them less even as an exchange).

Not everybody knows how to read code. So my research is limited!

your posting history is public chump. u aint no bigtime investor. btw your website is blank.

now get the fuck out of my face.

this fraud is costing us in the hundreds of thousands to millions of dollars as a community.

And Bittrex has no responsibility to do the same thing?  It's a two-way street.  It should fall on Bittrex more, since not everyone is capable of translating code.

douche u have an icebergcoin sig file.  ;D

its your responsibility to become a better person. get to work on it.

+1

Also they charge you a fee to trade. Simply no attempt at professional responsibility.

Statements like this will keep crypto down forever.  It will never go mainstream, and all those shitcoins you own will have 0 value.

good victim. good. let me pat u on the head.

you bought 20% of the icb ico and u blame yourself only.

didnt you research it? haha.

the first step to overcome victimhood is to start blaming the people who scammed you! that was the dev and bittrex.

no, they don't to be honest.  

if you buy a GPU from newegg.com and it doesn't work on your computer do you email newegg and demand your money back?  


Does you calling me a douche mean that you bougth ICB when it was above its ICO price?  Once again, you made the mistake of thinking that was a good idea.

I'm in shock that because you can't spot scams therefore that makes me a bad person.  And by the way, im just lazy and didn't remove the signature.  So thanks.

That logic doesn't work in the stock market.  People lose money all the time.  I'm pretty sure Wall Street is mainstream.

dummy, newegg has a return policy.

http://www.newegg.com/HelpInfo/ReturnPolicy.aspx

of course people return defective items.

please just move on to another thread where you may understand the issues.

You said defective.  That isn't the same thing moron.  I said if you buy a card THAT DOESN'T WORK ON YOUR SYSTEM.  As in you buy an AMD for a nvidia computer.  Wow, dude...wow.

That's a horrible example.

pls pls pls dude learn have to have valdi arguments.... you losing your money is ONLY your fault.... what kind of service are you paying bittrex? do you have a monthly subscription there?... and no fees don´t count to that as its the same for everyone.... DO YOU FUCKIN OWN RESEARCH AND STOP blaming

Poor poor example. You could even say the coin went defective.

yeah elitecoin didnt work on my system so now i can't return it. haha  :-\

The scam dev is just as responsible as Bittrex.  Scammers gonna scam.... Bittrex clearly wants a piece of that action. 

No thanks, I'll pass.

yep. the scam dev is to blame and so is bittrex.

how can the people who lost the money be the only ones at 'fault.'

btw i aint buying any more new coins at bittrex so i already solved my problem.

im just wondering why crypto people are supporting a third party small business so much.

they must want it to continue for some reason. hmmmm. i wonder why they want the scams to continue?

hmmmm. 

My BTC can't be withdrawed since I can't receive confirmation email today in bittrex.com, I tried many times and log a ticket, it still doesn't work, anyone has the same issue? my email address is @qq.com, is there any problems with this platform?I am so worried.

here is what bittrex says about its process of coin selection:

"We look for coins that have high community demand, innovations to cryto-coin technology, or a contribution to science and humanity."

haha.  ;D

seems like they r lying to us!

I do not blame Bittrex for losing money as I did not invest in the coin. However I blame them for the following:

* Taking no care in adding coins leading to support scam developers again and again
* Not really caring about it and acting like they have no professional responsibility, no plans to try and change the situation
* Hurting users and potentially driving them away from altcoin trading due to the risks of a coin being a scam
* Taking volume away from established coins by purely just relying on new coins for volume

It's sad to see how few people notice how damaging this is on the altcoin market, it's not by coincidence there is much less volume now than a few months ago.

I hope none of you miners are saying the fault lies with the investors and not with bittrex.  The investors pay you for your coins.  They rely on Bittrex to vet the coins.  Is it stupid on the investors part? Of course it is.  But that doesn't change the fact that they do rely on bittrex to vet coins.  Investors who can't do the research or don't have the time to do the research make up all most all of the money you the miner are making.  So if their money stops all the mining for profit stops.  I don't see why Bittrex wouldn't jump at the change to hire people to vet code.  It is in their best interest to do so.  Unless of course bittrex doesn't want the hidden premines found.  Maybe they are profiting from them.

There are too many coins on daily bases, hard to follow alt section these days.

yes dude. i can see how a plane crashing and killing u is the same as me losing money for holding a shitcoin for 2 hours.

anyway,

here is what bittrex says about its process of coin selection:

"We look for coins that have high community demand, innovations to cryto-coin technology, or a contribution to science and humanity."

do you feel bittrex met this mission with the addition of elitecoin?

because if they followed their own rules i wouldn't have had money stolen from me.

no offence, but you are a moron not really wise to put that much money on that sort of coin, and I warned people on iceberg thread telling them that would end up like that.

Don't believe anyone who tell you it will be huge or whatever, except cinnicoin, no coin with 1 week PoW/PoS has ever succeded so an IPO on top of it and many rental rigs, you have absolutely no chance of making any real profit...
Hope you learned the lesson...  ::)

But yes it sucks that Bittrex gives credit all that crappy coin and don't list real new coin...
Bittrex will be dead soon if they continue these business practices

It depends how long you have been trading here, there were barely any scam coins as little as 3-4 months ago, certainly nothing like today and it comes hand in hand with the rising volume of Bittrex it appears.

You invested in something bad, so its the medium you purchased thorough fault?

the technical term for 'something bad' in this case is 'fraud' and 'scam.'

since the platform initiated and profited from the scam they are as responsible as the dev and me.

to continue this ridiculous claim that only the investor is to blame indicates your own willingness to support frauds and scams. therefore we cannot trust your opinion in this matter.

Yep, when that medium takes no counter measures it is their fault.

I'm going to start a casino.... where companies can put their slot machines on my floor.  I will not ensure in anyway what so ever that those slot machines are set to payout as advertised.  So when people get burned is it my fault or the scam slot machines?


It's both.

Too easy... Everybody knows (except some sock puppet on icebercoin thread) it will end up like this. So bittrex knows it too...
The fact they are listing many (not one but many) IPO scam makes them accomplices of the scam.
(and no words from them is even worst)

It is not Bittrex's fault for trying to make the majority of the crypto community happy.  Bittrex's responsibility is an exchange, and IS NOT a code checker.

here is what bittrex says about its process of coin selection:

"We look for coins that have high community demand, innovations to cryto-coin technology, or a contribution to science and humanity."

do you feel bittrex met this mission with the addition of elitecoin?

because if they followed their own rules i wouldn't have had money stolen from me.

The only defense against a rigged game is not to play.  If the investors don't play miners don't make money.  Bittrex can check the code and make it a fair game.  Where there are winners and losers not just everyone loses.  Why don't you want that bittrex?  Are you the ones rigging the game?

There is NO need to check the code. Just stop adding coins on the second day and give them a chance to prove themselves, that would weed out the scam developers. I wouldn't complain if there was 1 or 2 a month, but there's been too many to count recently, it's insane.

It is entirely their fault. If you know something is fraudulent you don't list it (or you delist it)
And in the mean time other good coin don't get listed...

Bittrex is gonna lose this one for sure.

Maybe not now, but the list keeps growing and is not looking good for bittrex

From what I gather here...half of you want crypto to become a stock (essentially) and highly regulated and the other half are smart enough to not buy shit and blame someone else for it.

here is what bittrex says about its process of coin selection:

"We look for coins that have high community demand, innovations to cryto-coin technology, or a contribution to science and humanity."

do you feel bittrex met this mission with the addition of elitecoin?

because if they followed their own rules i wouldn't have had money stolen from me.

It blows my mind people run wallets without typing 'getinfo' into the debug console as the first thing they do.

If you didn't type 'getinfo' into the debug console then feel free to blame whoever you want, but you have to blame yourself as well.

Also might want to take some time to understand the debug console and how it can help/protect you.

The coin was clearly demanded by a sizeable flock of easily misguided sheep so yeah, this went with their own rules.

I don't think you understand, and it's not worth explaining any more.  If you can't understand the valid points in this thread, then you won't.

Bittrex should have done that before adding to their exchange.  They probably did.

Yes we get it your all smart and investors are all stupid.  Stupid people who buy your fucking coins miners.  Exchanges either will protect the stupid investors or we will lose because no one will be there to buy our coins.

The initial code did not have the hidden premine. Only after the wallet update was it noticed.

People need to quit blaming someone else for their poor life choices.

You mean the other half are happy to see Bittrex continue to add scam coins, hurt other innocent users and continue to support scam developers? There is no need for it to regulated if the exchange can take more professional responsibility.

And still people don't get it.  We need Exchanges to protect the stupid investors or we are all going to lose money.  You can sheer a sheep many times but skin them only once and these investors are getting skinned.

come on. a few miners and sock puppets is hardly 'community demand.' make these fucking scammers work for it a bit.

elitecoin did not meet any of the stated inclusion goals of bittrex. it was a fucking scam coin that was not popular at all.

the truth of how they actually do listings will come out soon enough. its backroom deals with the same people (criminals) mainly.

There are 3 types of people posting on this thread:

1.  The people who make money off the scams.

2.  The people who lose money off the scams.

3.  The people who don't think its right.


It's pretty clear who each person is.

Theres no exchange in the world that protects your money. Not on wall street, etc.

If people cant handle the risks associated with investing then they should just gtfo.

I don't give a fuck about people who lost money.  I only care about my own future ability to sell coins I mine.  Otherwise I will have to get  real job and that doesn't sound fun to me.

fify

Wall street is regulated, and the people who steal go to jail.  

There are always risks, but one of them should not be whether the investment is legitimate or not.

you make it sound like i got long cancer from smoking dickweed.

'life choice'.

i think your life choice of being a scammer is a poor one.

there is no possible way to blame the 'investor' only and exonerate the dev and the exchange.

now you are telling us we have to constantly monitor the code too.

fuck that and fuck you too for even mentioning it.

i wont buy another fucking new coin at all.

So you only want the ability to make a profit, not lose any?  :D

You are in the wrong place.

I am willing to bet half these people complaining are the same ones that are asking for coin to be listed on an exchange an hour after it is launched.

If you cant check the code the code yourself of a coin you are planning on investing in, then get out now!

I am far from an expert coder, but I have learned what to look for in the code.


Bittrex lists a coin because mass numbers of people from the community ask them to.

Its funny though, every one of these coins, starts on a different exchange.

Why aren't you all complaining about the other exchanges who listed these coins first.....

Bottom line is any coin get listed when it has enough volume and exchanges are interested to make profit and they de-list the coin as soon as volume drops . It has happened on many exchanges with many coins.

'mass numbers?' what numbers exactly?

what gives you the idea you need to defend them.

why cant i bitch about their lack of service?

Right, and Bernard Madoff sat on the Board of Directors of the Securities Industry that regulated the industry.

How'd that work out?  :D

Yes, because there are never scams in the stock market.  Tell that to the people affected by Madoff, or by the Enron scandal.

madoff is in prison for the rest of his life.

if the elitecoin dev was getting a long prison sentence that would be fine!

if he was arrested they would take his computer away and he wouldnt be here a day later to scam us again!

come on these fucking analogies are stupid!

Yeah people went to jail, lmao


Shitty comparison!

no they should not, morons should loose their money. always.

Did you not see the tweets asking them to add it.

Were you in thier IRC channel when everyone kept coming to ask if they were adding it.

This guy right here....

He is just mad he lost money. This is open economy, nobody is forcing you to trade on bittrex.

It is a dead issue now.  Investors are going to back away from the table.  We the miners are going to profit less.  People don't play the game if they are scared.  Investors must be scared at this point.  If I was an investor I would be scared.  We can't ask investors and traders to buy our coins if exchanges don't vet those coins.  They wont buy them guys.  You calling them stupid won't exactly change that fact either.

There is a thin line between being stupid and being rich. Winning a houndered dollar doesnt make you rich but losing it by a stupid way makes you stupid

dude their irc channel and twitter do not have mass numbers.

just a few regular asshole scammers like you pumping the same scams.

its over boys.

time for you to ask your old boss at mcdonalds if you can get your jobs back.

the money is drying up.

i will never buy another of this fresh listed shitcoin and i am not alone.

bittrex has proven themselves to be at odds with the community and that cant be changed.

they are now in the position of being a parasite that sucks the blood out of altcoins.

Boofuckinghooo

Were the people who invested in Madoff recoup their loses. No they did not.

Hows that regulation working out again? lol

not one person in this thread has advocated regulation.

all we said is bittrex can stop listing scam coins.

i can tell your income is threatened by this idea.

tough shit. the party is over.

Your quote completely verifies not just your ignorance, but your stupidity. 

I can offer my services to BitTrex finding ninjas, hiding and other things that can prejudice their moral.

Services:

https://bitcointalk.org/index.php?topic=698844

https://bitcointalk.org/index.php?topic=701469


Thanks

blow me scammer  ;D

Reading threads like this can really save someone from losing money.  8)
It is better to do research first before dealing with anyone or any coin.

haha the butt hurt in this thread is strong, your crusade against the exchanges is not going to do anything & will be forgotten about by next weekend  :'( :'( :'( :'( :'(

keep in mind that elitecoin is still listed on bittrex.

i guess the community demands it.  ;D

Exactly, investors will only invest in coins that have proven over a 6 month period or longer! No new coin will be bought.

I will dedicate all my free time for this. warning people not get scammed like me! And hoping that bittrex is stepping up and do the right thing, scanning the code!

Was it a noticeable scam from the beginning? Apparently not.

Dev was active, people asked for it to be on exchange, wallet didn't contain any hidden code.

Only after the dev updated the wallet with hidden coin and tried to dump on Bittrex did it set of alarms.

Life is hard, it gets only harder for fragile people like yourself.

im guessing they are not reviewing the code in the rush to list the coin, bittrex is going to take a lot of heat from those who invested.

Good luck warning people, you will get laughed out of threads, called  a troll and paid fudder, it's fun  ;)

of course they are. they have support from scammers only.

all the good people of crypto will not support this type of behavior.

this situation is bad for us all only benefits a few people. they want things to continue like this. but they wont.

quit supporting new coins on bittrex until they review the code.

A coin without a stated premine should never be accepted into an exchange in the first place, I would hesitate to use that exchange that accepts any coin just like that.

quit supporting new coins on bittrex until they review the code.
[/quote]

Fairly sure that is going to happen.  Watch the volume on bittrex over the next few days.  It was 1854 btc for 24 hours at the time of the scam. I made a note of it.  Lets see what it is tomorrow.

Fairly sure that is going to happen.  Watch the volume on bittrex over the next few days.  It was 1854 btc for 24 hours at the time of the scam. I made a note of it.  Lets see what it is tomorrow.
[/quote]

how much was the vol of elite? bittrex has over 300+ pairs was the vol of elite that big to affect the general vol ?

agreed. all the icos/frauds/ethereum has pulled a lot of money off the table.

most of their volume is in one or two coins at a time.

even they are worried. they pushed that warning you will be delisted message up to get the other 150 coin communities to start trading.

this business model is completely unsustainable.

they have no reason to list/delist at this lighting fast pace. nothing is really going on that quick and these coins are copies of other coins.

its up to all us to stay away from the scams. i already admitted i was wrong for buying this shit. i thought i could hold a shitcoin for a few hours and trade it off before bed time (up or down) and i was unable to. never again.

the altcoin market is saturated beyond all reason. why wouldnt any of these new devs just join a bigger team?

Personally I would withdraw. These signs are enough for me to pull out.

volume for elite was 60ish btc for 24 hours when the market stopped.

yeah the coin really wasnt very popular. no smart business would tarnish its rep for this shit.

When I noticed the dump was happening the volume was at 37 btc for 24 hours.  A lot of buying and selling took place due to the price.  The scam dev could have made of with 15ish btc.  Bittrex could tell us how much btc that account got out of their exchange but they wont.

of course. they could also track the btc address and provide an ip address. but they wont.

https://bitcointalk.org/index.php?topic=702757.msg7988977#msg7988977

Within moments of launch I sarcastically commented:  https://bitcointalk.org/index.php?topic=702757.msg7975873#msg7975873

the trolls will laugh indeed. Do i care..... people should not invest in new coins on bittrex, every investor that reads this message and is not going to invest at bittrex is win win

I've been preaching this in my thread over two weeks ago, and not many people listened back then, but looks like the number of people with the same thought process is growing finally.
https://bitcointalk.org/index.php?topic=687852.0

I noticed a lot of scamcoins and shitcoins added to bittrex too :(

Almost every scamcoin is getting listed there on bittrex and nobody cares until they lose money.

https://bitcointalk.org/index.php?topic=710752.140

warning: Today Saturday in total will be launched 3 coins all are scam keep out, they are Fuse,Prisma and USB coin alert to everybody,,,,  they
will be launched by newbies account,  dont buy it coins,  

I wonder how adding such coins is making the exchange better (and the owners richer).
Maybe in the short term there is some profit with the scams but...

Just make sure these threads bumping up

https://bitcointalk.org/index.php?topic=710752.msg8037093#msg8037093
https://bitcointalk.org/index.php?topic=687852.new#new

exchanges are making profit as soon as coin volume picks up and then after sometime that coin gets doomed and exchanges move to another. Its a no loss situation for them.

The stock exchange doesnt guarantee the companies they list, they just list and YOU, the buyer, has to do your own research. It is nobody's fault but your own if you buy a scamcoin. No one forced you. In fact, no one from bittrex endorses coins, they just list them.

This is all your own fault buddy.

its like a braindead repeating of the same shit from you koolaid drinkers.

if the investors are to blame, so are miners, mining pools, the scam dev, and the exchange.

no way is only one party responsible. especially the party that lost money.

Lemme say it again for the hard of hearing/reading:

NO ONE MADE YOU BUY ANYTHING!!! Take responsibility for your wrong move, learn from it, and do more research next time.

I know and thats why this topic is here to warn people

Try being pissed at the devs that scammed you.

check this one too please:

https://bitcointalk.org/index.php?topic=711535.0

we need to find the code...

^^ nice work sorry for double post it

important read right here
https://bitcointalk.org/index.php?topic=711535.0

Example #1: You gamble at a casino, however 90% of the people you see at the casino
are stupid and loose all their money 100% of the time.  DO you still use that casino when
they add new slot machines, or even at all?

Yes: But I only to to have fun and eat at the Buffet.

The PROBLEM (as I see it) is that the ZERO-DAY people are merely speculating that they can ride a wave which steals the Slack of the less fortunate; who themselves are merely praying that they can take advantage of those -- even less fortunate than them. If you were actually a supporter of a community which just happened to have it's own crypto-currency, and not just trying to cash in by cashing out of one of thousands of flashes in the pan .. You'd either NEVER "invest" in a worthless scam/ponzi coin or you'd be SAVING a worthy payment instrument like it was actual money.

Granted.. an Exchange is not just for exchanging, and most 'persons' do consider them a mechanism for trading with an intent to profit by bouncing around between markets; but if you are going to do that - you really aught to know what you are doing. It is certainly and by no means the fault of the exchange that one puts blind faith in ignorance.  

Get Slack now w/Dobbscoin (http://www.dobbscoin.info)
Give yourself to (Bob) freely, joyously, without an atom of restraint --NOW -- and your worries are over!

The day Bittrex close doors and run away with all the wallets how you gonna call that? goxxed?

it happend before it will happen again

That is kind of true! But tbh this was for me the first time getting scammed by an exchange that added a hidden premine coin!
I got scammed by other coins and took it. But this time I will be very dedicated to let people know how bittrex adds  coins without double checking the code first!

OP should be

"Watch out for shitcoins"

Don't be greedy n blindly buy alts hoping to expand your BTC stash.

Here is what Bittrex should do...  Take all the fees they earned on Elitcoin since they added it to the market, and split it up evenly among anyone who traded elitecoin, or sent elitecoin to their exchange. 

Bittrex aint doing anything because they think they dont benefit from it! They are so wrong on this one!
Next year they wish they did something!

They will be adding scam coins everyday because they think volume goes up that way! In the long run volume goes down this way, its short term thinking!

you didnt get scammed by an exchange, you got scammed by a scam dev. welcome to crypto.

You shouldn't act like that... you're going to scare way the people you are scamming.

Best way to combat exchanges adding shit coins is to stop buying shit coins and demand for coins that are actually worth a fuck or bring something to BTC/crypto as a whole.

This includes all cryptos using the "anon" pump n dump sales tactic.

Yes so we need these kind of threads to aware people of these problems!

I don't care if Bittrex met the standards that they set -- all I care about of them is that the exchange is working.  Bittrex SHOULD check the code in all the coins, but they DON'T HAVE a responsibility to.  Why don't you check the premine yourself and find out that there was if you wanted to invest in a coin?  It is not Bittrex's responsibility to do research for you.

Remember this thing is going to cost bittrex! they dont like it at all! Ofcourse they should invest time to do research. You know why? because its good for business.

Dont come at me with do your own research i know that! but reading code is another ballgame! And yes I will try to learn it.

But for now all my time goes in informing people to watch out trading at bittrex especially new coins!

Fairly sure that is going to happen.  Watch the volume on bittrex over the next few days.  It was 1854 btc for 24 hours at the time of the scam. I made a note of it.  Lets see what it is tomorrow.
[/quote]

Well it is 24 hours ish since the scam.  24 hour volume = 1016 btc.  That is a noticeable drop.  Lets see what it is in 24 more hours. 

Well it is 24 hours ish since the scam.  24 hour volume = 1016 btc.  That is a noticeable drop.  Lets see what it is in 24 more hours. 
[/quote]

Volume is dropping hard would be nice if they could have same volume Mintpal is having now.

You can't infer anything from 1 day. You would need to check across a period of time, taking account of typically slow and busy days. Then you would need to look at few more exchanges with a similar market, and compare Bittrex with them

That's the scientific way! :-)

yes I know its weekend summer time etc.

but taking part of fraud and keep the coin listed is very bad for business, and I hope they lose traffic because of this!

Bittrex is by far the best exchange! ;)

compared to?

Could anybody respond if Bittrex is doing illegal things at this moment?

Adding a hidden primine coin, and not willing to take it down? in my eyes they are participating in this fraud!

maybe filling a lawsuit anywhere about this subjuct?

Bittrex is one of the exchange who list coin very easily.

I don't need Google to translate your dog droppings, but aren't you still supposed to actually capitalize nouns in German, even after Rechtschreibreform?? Oh and no matter what language you write that shit above in, it's still shit..

He is correct. ScamTrix has changed from an exchange to a facilitator of fraud, that is clear. How many clear out and out scams through their in the last week, 5? How many BTC stolen?

Conspiracy to commit fraud is a crime in the United States and most of the civilized world, which I would think would include Germany as well. What BitTrex is going to end up doing in exactly what you tools don't want, which is bring the full weight of IRS/FINRA and the FBI down on crypto. And as much as I hate that, it seems to be the only way to level the playing field and eliminate the inside trades and outright frauds, so bring it on G-Men. Scream all you want about "no regulation" "the net is free (as if)" blah blah blah. The G-Man will come into any void and regulate. He will also get his cut. And when it happens you can thank fuck sticks like Richie and his scammer buddies for it all.

Yes, but by law these companies must register with the SEC, and file truthful (by penalty of prison) quarterly statements with audited (by penalty of prison) reports. No SEC, no listing. What shit coins are now are more like penny stocks that run off NYSE/NASDAQ, but even those exchanges are regulated somewhat for fraud and fraud is still punishable by prison time.

What BitTrex is, is still yet in a grey area, but they are essentially a penny stock exchange and conspiring in insider trading and blatant fraud schemes. They are walking a very very thin line and IMHO a good federal prosecutor could have them raided and make a case that sticks after the computer forensics are done.

And with every scam they launch, (5 or so in the last week?) more complaints are filed and I really do believe they will be getting some unwanted attention soon. I personally won't put any crypto in there and certainly not a BTC. Don't want to get goxed. 

Last I read the old Jew Madoff will die in prison? Oh and has been beaten several times!  ;D  ;D

If I was a major shill (MsCollec) of the Visacoin scam and created a coin (SYNC) with a hidden premine and revised the block explorer to cover it up, would you list it ?

Poloniex sure as hell will ! And its your fault if you get burned.

http://img.techpowerup.org/140729/polosync.jpg

The fact of the matter is, NONE of these shitcoin bank wannabe exchanges should be trusted.

Agreed, but one would think after Gox and other exchanges with poor business practices, people wouldn't be less trusting of exchanges.  It's been time for users to step up to the plate and not expect the exchanges to take full responsibility for managing the fuds including which coins they invest in.

Hello,

is there an official Bittrex Exchange Thread?

Is that synonymous with you so that the sale orders are deleted after a certain time? That's so annoying ...

A support ticket will not be answered to disable this again ...

reagards

There are too many coins on daily bases, hard to follow alt section these days.

But that's no reason to install a automagically "sell order" deletion after a conscience time...

It is a dead issue now.  Investors are going to back away from the table.  We the miners are going to profit less.  People don't play the game if they are scared.  Investors must be scared at this point.  If I was an investor I would be scared.  We can't ask investors and traders to buy our coins if exchanges don't vet those coins.  They wont buy them guys.  You calling them stupid won't exactly change that fact either.

A obvious puff if you ask me. Never trust what other people can promise you. Trust your own judgement and make your own calls.

Reading threads like this can really save someone from losing money. It is better to do research first before dealing with anyone or any coin.