I've updated my post to add context to my messages. https://bitcointalk.org/index.php?topic=851666.msg9520996#msg9520996Can anyone shed some light on how 156,793.0 BYC can be injected into the blockchain? I'd really like to know the answer to this. 3109 blocks were mined at 1 block reward and on block 3110, 156,793.0 BYC were added to the coin count. After looking at these blocks a bit more, it looks as though this part of the chain was being privately mined, stopped, coins added, and then public mining started. There's minutes of time that past before the next block was mined. Is this right? I don't know how it is done or any other technicals, but IE posted that instead of having given Bittrex the 3 million coins promised in his offer statement, he had decided to just mine the amount of coins sold in the ICO instead. This, in itself, as I have posted, is quite deceiving since the 2,840,000 coins were to be destroyed by Bittrex after the ICO. Instead, IE, unilaterally and arbitrarily, decided to just mine the 160,000 coins sold, leaving those 2,840,000 to be mined as part of the 33 million total that the coin will ever had. No one made a fuss about the moving of the posts halfway through the game, because the influence of those added 2,840,000 coins, spread over at least 57 years, don't influence the project that much, but they DO influence it nonetheless. And the other chief reason, by far the main one, was the statement that under no circumstances the mined coins per day would ever exceed 1440 ... which we all know by now is a total lie by IE. Additionally, I have already noticed that at least one block, last night, 31025 I believe -but citing by memory- mined 92 coins instead of the usual 1. So there are other irregularities going on already and, probably, more to come. |
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actually I don't think bittrex should refund anybody on this one.
There were at least 3 threads warning people of the most probable outcome of this ICO.
So they all have been warned of the risk...
That is your opinion, of course. Everyone is warning of every ICO in many more than 3 threads and they, rightfully, have made refunds available to people that yet felt they had been conned, scammed or whatever you choose to call it. In any case it would be to clean up their own house and not for the benefit of anyone, to issue the refund. They get their commissions anyway and everyone is satisfied. Those still -amazingly, there are some- in the project, will not cash their refunds and those who feel rightfully betrayed by the outrageous instamine, will get their money back and end of that part of the story. Any other outcome will cast a bad light on Bittrex... which needs such a thing as much as a pancreatic cancer, by the way. |
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Well over 20% diluted already. And going strong...
Amazing. Bittrex, stop this ridiculous madness!
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Big dumps in all markets.
In the meantime Pnosker is doing work for an exchange, this time to evaluate IE's coin. It seems this work out for the devs, they are getting more and more work, first ARCH and now IE's coin. In the meantime the bag holders left with a stagnating coin and no development whatsoever.
Brian Kelly, of NAUT, also wants to use their dynamic interest feature, so they will surely be "helping" him as we speak... And don't forget the (regular) job and quarterly evaluations. Ah, you are so demanding... the kids also need to have their fun, you know? At this point (fresh multi-months low at 4200 this past 24 hours), only pants-boy, Scott, silver-coin boy and the eyes-transformed-in-$$$, Kevondo (radio:asset...hum), still believe in this shit. Oh and that lootz idiot, of course. Cheerleaders are dwindling fast and the rats are about to start jumping ship nen masses, I believe. |
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I wonder how many people still think barabbas and IE are the same person now. This post proves that they are different people, or that IE is an even bigger moron than I thought.
barabbas IS iconic express He is crazy and has several personalities Months ago he posted like ie but using the barabbas account in libertycoin thread. Many people saw it This coin has several irreversible problems and wallet does not work. Probably IE now going to disappear with the money from ico, leaving only Barabbas "the honest" to apply the next scam. Except for the fact that some people have said it, what evidence do you have that would indicate that they are the same person. I'm definitely against lying scammers like IE, and I'm not a big fan of barbaras either, but as long as lies and rumors are spread around here without regard to the evidence, nobody will know who to believe. Actually that would make sense  (don't know, don't care if true), but IE nickname is definitely burned this time and with "supporter" of bytecent saying things aren't ok, that also gives him also the possibility to let the coin die right away... Then Barabbas by denouncing the other nickname, the owner might just want to save this one, so it can use it to promote or create other scam coins. Keep that in mind if a Barabbas IPO coin comes out (or if he wants to create another IPO to save bytecent investors) What??? It amazes me to see the lengths that people will go to justify an illogical opinion. Who knows. Maybe I'm wrong. But like I said earlier, if they are the same person, IE is an even bigger moron than I thought. If this is a ruse and they are in fact one person, it's a plan that was hatched months ago when IE was still in good standing with the Blackcoin community. You have to understand you are dealing with people that is clinically, officially, retarded. From that point of view, it all would make a lot more sense. Back to topic, though: Out of the blue and in the middle of the night, the wallet, that had not synced previously, started "working". No changes whatsoever. Same computer, same internet connection, no conf. changes at all... strange. And VERY shady. Additionally, all blocks are supposed to be 1 BYC, but 31125 -I believe, citing by memory- went with 92 BYC... why? are there any more "irregular" blocks? Not that it matters since this thing is quite done in my opinion. I have also found out, via Twitter, that Bittrex asked Patrick Nosker, one of the devs of Vericoin, to take a look at the code of BYC. He posted on Twitter that he did not find anything irregular -or words to that effect-. Not that it is relevant since the problem with BYC has nothing to do with any irregularity in the code, but with a hidden and obviously beneficial for some, irregular mining that is diluting the value of the coin by a huge percentage already and will continue for some time diluting it, which is completely unacceptable. Bittrex, REFUND INVESTORS! And don't allow this disaster to go on. It will be dead in a week as it is anyway and this way at least you will maintain credibility with your customers. |
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I guess i should of posted my stuff here but I was just banned from IE's coinblab.com as well. Here is a link to the post I saved before i was banned. https://bitcointalk.org/index.php?topic=851666.msg9520996#msg9520996IE said he launched his coin FUD free or TROLL free but he is actually deleting honest concerns and banning them from his forum. With what is posted and the self-immolation that IE has chosen to perform, it is more than enough. In my opinion, BYC is a dead project. Investors should contact Bittrex and demand a refund, there's no other option. I cannot believe IE is stupid enough to pretend that the already almost 20% "mined" is not causing dilution. At that level of de-lusion, any reasoning is futile. |
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Also, have a look into the debug.log in %appdata%\bytecent
you will find that the wallet is actually querying primecoin's dns-seed.
And that means...? That means that the wallet is actually a fork from primecoin's codebase, and the bytecent dev is either careless or incompetent to clean up the code properly. Also, that might be the reason why the wallet is having difficulty finding nodes. Incompetency would be my first guess... but I could be wrong. Thank you for clarifying. Otherwise, 99.99% of all alts have identical origins, |
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It would appear that, even before the "mining" disaster, IE had done a bit of instamine himself, just a few thousand coins, though: 1 BYC per block was being mined before the official release of the wallet, up to block 3,109, at which time the total BYC balance was... well, of course 3,109. In block 3,110, the ICO sale coins were injected -or what was left to be mined of the ICO sale, because all that was also arbitrarily modified but in an acceptable, relatively transparent manner: Instead of having mined the 3 million coins he had offered for sale and have Bittrex destroying the non-sold ones, IE decided it was better to just mine the coins sold only instead... which leaves about 2,840,000 BYC more to be mined than originally promised, but since mining was supposed to rate at no more than 1440 BYC per day, it did not look like something worth paying too much attention to.
I'm sure IE has a perfectly good explanation for this... I read he will be making an announcement within a few hours... currently, the "instamine disaster", post release of the wallet, is quickly approaching 20% with the difficulty seemingly stuck at 5.99 and approximately 20 coins being mined per minute.
IE has several options... at this point all of them not very good but all of them but one could, maybe, salvage BYC. The one is, obviously, continuing with this madness as he has since yesterday refusing to correct it. Options:
1.- refund investors.
2.- cancel this disaster and relaunch.
3.- fork and destroy all coins mined.
If none of these are adopted immediately, Bittrex should act forcing the refund option.
Edit to add:
At 5:00am Pacific, difficulty has reached 6 but still blocks being mined at approximately 20 per minute and already 26,200 BYC have been mined = 16.375% of the total.
Your post is funny at best and a bit pathetic. Oh no, the scam I was participating in didn't work out the way I wanted I was expecting to be able to dump on noobie buyers, but too many coin have been release before I had time to dump and he knew it was an IE coin and was familiar with IE's history the whole time  Ah the amount of stupidities and simple ignorance... oh well, to be expected. Old rehash of a distant past. 3~4 months: distant past 1 year: prehistory 2 year: the creation of the universe... where did you go to school ? Obviously at a place very distant from where you went. In crypto time lapses real fast nevertheless, regardless of the school one's attended. |
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Also, have a look into the debug.log in %appdata%\bytecent
you will find that the wallet is actually querying primecoin's dns-seed.
And that means...? |
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It would appear that, even before the "mining" disaster, IE had done a bit of instamine himself, just a few thousand coins, though: 1 BYC per block was being mined before the official release of the wallet, up to block 3,109, at which time the total BYC balance was... well, of course 3,109. In block 3,110, the ICO sale coins were injected -or what was left to be mined of the ICO sale, because all that was also arbitrarily modified but in an acceptable, relatively transparent manner: Instead of having mined the 3 million coins he had offered for sale and have Bittrex destroying the non-sold ones, IE decided it was better to just mine the coins sold only instead... which leaves about 2,840,000 BYC more to be mined than originally promised, but since mining was supposed to rate at no more than 1440 BYC per day, it did not look like something worth paying too much attention to.
I'm sure IE has a perfectly good explanation for this... I read he will be making an announcement within a few hours... currently, the "instamine disaster", post release of the wallet, is quickly approaching 20% with the difficulty seemingly stuck at 5.99 and approximately 20 coins being mined per minute.
IE has several options... at this point all of them not very good but all of them but one could, maybe, salvage BYC. The one is, obviously, continuing with this madness as he has since yesterday refusing to correct it. Options:
1.- refund investors.
2.- cancel this disaster and relaunch.
3.- fork and destroy all coins mined.
If none of these are adopted immediately, Bittrex should act forcing the refund option.
Edit to add:
At 5:00am Pacific, difficulty has reached 6 but still blocks being mined at approximately 20 per minute and already 26,200 BYC have been mined = 16.375% of the total.
Your post is funny at best and a bit pathetic. Oh no, the scam I was participating in didn't work out the way I wanted I was expecting to be able to dump on noobie buyers, but too many coin have been release before I had time to dump and he knew it was an IE coin and was familiar with IE's history the whole time Ah the amount of stupidities and simple ignorance... oh well, to be expected. Old rehash of a distant past. The coin has not even traded yet. It can go higher or lower it's ICO price. ICO investors may or may not profit, just like at the beginning. This is just information and suggestion of how to re-direct a launch gone bad... and giving the developer the benefit of the doubt until that benefit is proven undeserved. Nothing else. But those so inclined can keep on dumping their hatred and overall stupidity any time, twice on Sunday, ok? |
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IPO / ICO / ITO pushed by gangs of corrupt scammers ? and you expected what now ? This does not even warrant digging into LOL in some random poking around i ran into ByteCent coming up but i can't be bothered.. smarten up guys up all made your bed now so be big boys and sleep in it ! you all collectively decided that it's ok to clone coins now with 100% premines on exchanges for MILLIONS of dollars and when i started if even one guy tried to pull this IPO shenanigans he would have been laughed off the forum and black-listed in a heart beat ! you guys created this nasty putrid IPO monster now enjoy it. i wouldn't spend my worst enemies money on those pump & dump IPO pyramid schemes.. then whine about it hahahha ya.. it's IconExpert's fault LOL  You are assuming BYC is a scam scheme and -so far- that is quite far from proven truth. And no one is "whining" at all, only FACTS and EVENTS have been posted... along with SOLUTIONS. This could still easily be a viable and quite innovative project. I for one have great hopes it will. That's the whole purpose of the thread. You are waging a different war and, quite frankly, right as you might be in some cases, your over proliferation and not very well expressed attacks of generalities, lack focus and, subsequently, effectiveness. |
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It would appear that, even before the "mining" disaster, IE had done a bit of instamine himself, just a few thousand coins, though: 1 BYC per block was being mined before the official release of the wallet, up to block 3,109, at which time the total BYC balance was... well, of course 3,109. In block 3,110, the ICO sale coins were injected -or what was left to be mined of the ICO sale, because all that was also arbitrarily modified but in an acceptable, relatively transparent manner: Instead of having mined the 3 million coins he had offered for sale and have Bittrex destroying the non-sold ones, IE decided it was better to just mine the coins sold only instead... which leaves about 2,840,000 BYC more to be mined than originally promised, but since mining was supposed to rate at no more than 1440 BYC per day, it did not look like something worth paying too much attention to.
I'm sure IE has a perfectly good explanation for this... I read he will be making an announcement within a few hours... currently, the "instamine disaster", post release of the wallet, is quickly approaching 20% with the difficulty seemingly stuck at 5.99 and approximately 20 coins being mined per minute.
IE has several options... at this point all of them not very good but all of them but one could, maybe, salvage BYC. The one is, obviously, continuing with this madness as he has since yesterday refusing to correct it. Options:
1.- refund investors.
2.- cancel this disaster and relaunch.
3.- fork and destroy all coins mined.
If none of these are adopted immediately, Bittrex should act forcing the refund option.
Edit to add:
At 5:00am Pacific, difficulty has reached 6 but still blocks being mined at approximately 20 per minute and already 26,200 BYC have been mined = 16.375% of the total.
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Ironically, while your investment in Bytecent is losing to the tune of 20-25% by early tomorrow, that same investment is not benefiting from the already 15% that the BTC you invested has gained in the last 7 days... If there's no refund, your losses, before it even starts to trade, would be enormous already. Not that the BTC rise is IE's "fault", but ironic and aggravating none the less.
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He has made no secret of the fact that he believes any criticism should be silenced. That's why he launched Bytecent in CoinBlab instead of BTCT. He chooses to consider fud -like 90% of others, mind you- any criticism, regardless how legit.
I cannot rightfully fault him for this -beyond my ABSOLUTE opposition to ANY AND ALL kinds of censorship-, because the ultimately responsibility in the banning lies with the administrators of that place, CoinBlab, that for sure is going nowhere as soon as people realize that they act arbitrarily, like in this case. Everyone digs their own graves one way or another.
Who's behind Coinblab - does IE control it? I doubt he controls it... but who's to know. I know he asked that I would be banned. And got it. |
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Obviously, IconicExplorer lied. Did you expect anything less? He's a known liar and thief. I disagree, sorry. I don't believe he's a thief. He has an extreme egocentric personality that more often than not gets the better of him but I know he's not a thief. A liar, he obviously is, but not a thief in my opinion... and no, before you tell me that he stole from the BC people for the Wall Street event, I don't believe he did. He just refused to return the donations, which would have been an impossible task. And no, it is not the same thing. As far as I know -and it is becoming more and more difficult to believe him- he gave to charity not only all the donations but also some of his money too... which, as I have posted when I included him in my WALL OF SHAME, is not acceptable, but it isn't the same as stealing. Quite different in fact. In any case, I don't believe he is stealing in Bytecent either, but, much like in the donations case, he's playing all the wrong -and unnecessary to boot- notes. Why did he ban you then when you asked him legit questions and requested him make-sense requests concerning his coin? He has made no secret of the fact that he believes any criticism should be silenced. That's why he launched Bytecent in CoinBlab instead of BTCT. He chooses to consider fud -like 90% of others, mind you- any criticism, regardless how legit. I cannot rightfully fault him for this -beyond my ABSOLUTE opposition to ANY AND ALL kinds of censorship-, because the ultimately responsibility in the banning lies with the administrators of that place, CoinBlab, that for sure is going nowhere as soon as people realize that they act arbitrarily, like in this case. Everyone digs their own graves one way or another. |
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He didn't even submit to POD, and looks like someone(s) mined a lot more than what he said could be mined per day/hour.
Maybe the paragraph in red will give you an idea about how to do this. We all here posted some undeniable evidences about his scams.
But yet at his tweeter he wrote the haters by this have increased the value of his coin. lol wtf.
Seriously I'm not joking when I say he needs an immediate mentality check cause we are talking about a late stage of delusion - harry potter syndrome -.
EDIT: I'm wondering about something else, based on that kid's history.
What if that scammer will make CPU miner available for public while he and his " inner circle " group will be using some sort of a hidden GPU miner to earn big chunks of bytecent only for their own?
These statements (in red), which seemed -to me- completely outlandish when made, seems quite uncanny right now, unfortunately. |
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Obviously, IconicExplorer lied. Did you expect anything less? He's a known liar and thief. I disagree, sorry. I don't believe he's a thief. He has an extreme egocentric personality that more often than not gets the better of him but I know he's not a thief. A liar, he obviously is, but not a thief in my opinion... and no, before you tell me that he stole from the BC people for the Wall Street event, I don't believe he did. He just refused to return the donations, which would have been an impossible task. And no, it is not the same thing. As far as I know -and it is becoming more and more difficult to believe him- he gave to charity not only all the donations but also some of his money too... which, as I have posted when I included him in my WALL OF SHAME, is not acceptable, but it isn't the same as stealing. Quite different in fact. In any case, I don't believe he is stealing in Bytecent either, but, much like in the donations case, he's playing all the wrong -and unnecessary to boot- notes. |
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10% instamine already... in a few hours.
Amazing.
I sure hope Bittrex is watching...
As long as it is a closed source, then it will not be shocking if for example a GPU(s) is being used by that ie scammer for mining and leaving the others to mine using their CPU(s) Bittrex appears to have suspended trading: https://bittrex.com/Market/Index?MarketName=BTC-BYCIt has never been open for trade yet so no suspension by Bittrex. I don't know if IE is benefiting from this instamine of shorts therefore I don't want to entertain any conspiracy theory as of yet. I prefer to believe it is something that went out of his hands, not necessarily by design. What troubles me enormously is that he will risk what's left of his credibility refusing to do the obvious right thing that is suspending the current launch and properly relaunch instead. Very troubling indeed. |
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10% instamine already... in a few hours.
Amazing.
I sure hope Bittrex is watching...
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\ I lost money? Some others lost money on this scamcoin and someone else is enjoying their money. For the moment, hold your shitcoins and dev will give you your paperwallet. werent you the guy that was complaining because his .1 wasnt staking as well as you thought it would? I know you didnt spend much. but I bet you didnt profit.... And mining is spending as you could have been mining a multipool pr something. On topic though, There has definitely been some buying going on. I have NO IDEA what price to start thinking about exiting lol. With only 3 million coins (and alot of those are not going anywhere) It wouldnt take that much to hit 5k and beyond. I am that guy but never said I bought it. Moreover, the coin was not staking as dev promised and not as I thought it would. Initially I had 0.11 but later 13. current price is 460 satoshis. I sold that fart at 22100  thank you!!!i'm the guy who bought at 460sat but unfortunately it was only for 1186 seeds  but surely in one week i'll be able to sell them at 400% profit. but why you sell them at this price?because of staking?your coins are not seeds that you mined!!they will not have the same rate of staking as i thought.you must have more patience in crypto.if not,change your investments strategy I'm glad you are happy with your purchase... and sure hope you keep us posted when you get that 400% profit in a week or so, ok? |
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