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21  Alternate cryptocurrencies / Altcoin Discussion / Re: EOS ICO – Maybe I was Wrong on: November 18, 2017, 12:11:06 PM
posted this in the other 2 EOS threads:
i am worried

I'm seeing a pattern here: the addresses below (and many more; below is a sample) receive ETH from Bitfinex, send ETH to EOSCrowdsale address, receive EOS from crowdsale, then send EOS back to Bitfinex.

One explanation is arbitrage.  But according to https://eosscan.io/ the price for period #146 (which ended 25 min ago) was $1.72, and even tho Bitfinex received a ton of EOS right after period #146, the price didn't drop from $1.78 (it may have dropped 2 cents from $1.80).  If this pattern were just arbitrage, I'd expect the crowdsale price to be closer to the exchange prices.  I have witnessed this many times--ICO price a bit below exchange price, but the exchange price doesn't drop right after the period ends.  In other words, this pattern is probably not part of an arbitrage strategy.  If somebody is accumulating EOS, there is no need to send to Bitfinex.

https://etherscan.io/address/0x4e8c49fab23532ef2ed14058639f55cf45bade1e
https://etherscan.io/address/0x59438809e11ef3a9e197de965abbfd6792092b76
https://etherscan.io/address/0x9fad7a730ba976ea8cbcf8fcd6e4c217386520a8
https://etherscan.io/address/0x188fb986e8932e8469578430acaa5a2c12f5c48b
https://etherscan.io/address/0xe3c2e9512ea8026b68f69012944e89238a011ac7
https://etherscan.io/address/0x71d8b9755bbca15fc491e6520c21e319a574680b
https://etherscan.io/address/0xeae47e717bb68f80180382e954320bed9072676b
https://etherscan.io/address/0x8c63dfba829060122225d22c9d1d33841d8468d0
https://etherscan.io/address/0x47fcb6d294aad242088b026ad87867166c375207
https://etherscan.io/address/0xe777cde17e532f78227554607872adbb36597f06

also, EOS seems to be maybe the most transacted token at finex:
https://etherscan.io/tokentxns?a=0x1151314c646ce4e0efd76d1af4760ae66a9fe30f&p=1

I am a huge fan of Dan Larimer, Steemit is a wonderful platform, and I really like the EOS project.  However, I cannot come up with a legitimate reason for the pattern I am seeing above.  The only explanation I can come up with is that ETH is being recycled into the ICO, and Bitfinex is being used to hide this recycling.  I hope I am wrong about this.  I trust Dan, and I would assume he's probably not involved in handling ICO funds.

Furthermore, suppose recycling of ETH was occurring.  The above behavior is exactly what you would expect to see.

Who has access to EOS ICO funds?
block.one claims the ICO is being audited.. when can I review this audit?


I've seen this: https://eos.io/faq.html but I don't blindly trust, especially with no way to verify.
Quote
26. Will block.one be contributing to the EOS Token distribution?
No, during the entire EOS Token distribution period, block.one will not do any of the following:
block.one will not purchase EOS Tokens by any means;
block.one will not pay any dividends to its shareholders; and
block.one will not perform any share buybacks.
block.one intends to engage an independent third party auditor who will release an independent audit report providing further assurances that block.one has not purchased EOS Tokens during the EOS Token distribution period or traded EOS Tokens (including using proceeds from the EOS Token distribution for these purposes). This report will be made available to the public on the eos.io website.
22  Alternate cryptocurrencies / Altcoin Discussion / Re: EOS - Asynchronous Smart Contract Platform - (Dan Larimer of Bitshares/Steem) on: November 18, 2017, 11:27:21 AM
I'm seeing a pattern here: the addresses below (and many more; below is a sample) receive ETH from Bitfinex, send ETH to EOSCrowdsale address, receive EOS from crowdsale, then send EOS back to Bitfinex.

One explanation is arbitrage.  But according to https://eosscan.io/ the price for period #146 (which ended 25 min ago) was $1.72, and even tho Bitfinex received a ton of EOS right after period #146, the price didn't drop from $1.78 (it may have dropped 2 cents from $1.80).  If this pattern were just arbitrage, I'd expect the crowdsale price to be closer to the exchange prices.  I have witnessed this many times--ICO price a bit below exchange price, but the exchange price doesn't drop right after the period ends.  In other words, this pattern is probably not part of an arbitrage strategy.  If somebody is accumulating EOS, there is no need to send to Bitfinex.

https://etherscan.io/address/0x4e8c49fab23532ef2ed14058639f55cf45bade1e
https://etherscan.io/address/0x59438809e11ef3a9e197de965abbfd6792092b76
https://etherscan.io/address/0x9fad7a730ba976ea8cbcf8fcd6e4c217386520a8
https://etherscan.io/address/0x188fb986e8932e8469578430acaa5a2c12f5c48b
https://etherscan.io/address/0xe3c2e9512ea8026b68f69012944e89238a011ac7
https://etherscan.io/address/0x71d8b9755bbca15fc491e6520c21e319a574680b
https://etherscan.io/address/0xeae47e717bb68f80180382e954320bed9072676b
https://etherscan.io/address/0x8c63dfba829060122225d22c9d1d33841d8468d0
https://etherscan.io/address/0x47fcb6d294aad242088b026ad87867166c375207
https://etherscan.io/address/0xe777cde17e532f78227554607872adbb36597f06

also, EOS seems to be maybe the most transacted token at finex:
https://etherscan.io/tokentxns?a=0x1151314c646ce4e0efd76d1af4760ae66a9fe30f&p=1

I am a huge fan of Dan Larimer, Steemit is a wonderful platform, and I really like the EOS project.  However, I cannot come up with a legitimate reason for the pattern I am seeing above.  The only explanation I can come up with is that ETH is being recycled into the ICO, and Bitfinex is being used to hide this recycling.  I hope I am wrong about this.  I trust Dan, and I would assume he's probably not involved in handling ICO funds.

Furthermore, suppose recycling of ETH was occurring.  The above behavior is exactly what you would expect to see.

Who has access to EOS ICO funds?
block.one claims the ICO is being audited.. when can I review this audit?


I've seen this: https://eos.io/faq.html but I don't blindly trust, especially with no way to verify.
Quote
26. Will block.one be contributing to the EOS Token distribution?
No, during the entire EOS Token distribution period, block.one will not do any of the following:
block.one will not purchase EOS Tokens by any means;
block.one will not pay any dividends to its shareholders; and
block.one will not perform any share buybacks.
block.one intends to engage an independent third party auditor who will release an independent audit report providing further assurances that block.one has not purchased EOS Tokens during the EOS Token distribution period or traded EOS Tokens (including using proceeds from the EOS Token distribution for these purposes). This report will be made available to the public on the eos.io website.
23  Alternate cryptocurrencies / Altcoin Discussion / Re: EOS ICO SCAM 👺👺👺 Wow! Can you believe this? 👺👺👺 on: November 18, 2017, 11:26:38 AM
I'm seeing a pattern here: the addresses below (and many more; below is a sample) receive ETH from Bitfinex, send ETH to EOSCrowdsale address, receive EOS from crowdsale, then send EOS back to Bitfinex.

One explanation is arbitrage.  But according to https://eosscan.io/ the price for period #146 (which ended 25 min ago) was $1.72, and even tho Bitfinex received a ton of EOS right after period #146, the price didn't drop from $1.78 (it may have dropped 2 cents from $1.80).  If this pattern were just arbitrage, I'd expect the crowdsale price to be closer to the exchange prices.  I have witnessed this many times--ICO price a bit below exchange price, but the exchange price doesn't drop right after the period ends.  In other words, this pattern is probably not part of an arbitrage strategy.  If somebody is accumulating EOS, there is no need to send to Bitfinex.

https://etherscan.io/address/0x4e8c49fab23532ef2ed14058639f55cf45bade1e
https://etherscan.io/address/0x59438809e11ef3a9e197de965abbfd6792092b76
https://etherscan.io/address/0x9fad7a730ba976ea8cbcf8fcd6e4c217386520a8
https://etherscan.io/address/0x188fb986e8932e8469578430acaa5a2c12f5c48b
https://etherscan.io/address/0xe3c2e9512ea8026b68f69012944e89238a011ac7
https://etherscan.io/address/0x71d8b9755bbca15fc491e6520c21e319a574680b
https://etherscan.io/address/0xeae47e717bb68f80180382e954320bed9072676b
https://etherscan.io/address/0x8c63dfba829060122225d22c9d1d33841d8468d0
https://etherscan.io/address/0x47fcb6d294aad242088b026ad87867166c375207
https://etherscan.io/address/0xe777cde17e532f78227554607872adbb36597f06

also, EOS seems to be maybe the most transacted token at finex:
https://etherscan.io/tokentxns?a=0x1151314c646ce4e0efd76d1af4760ae66a9fe30f&p=1

I am a huge fan of Dan Larimer, Steemit is a wonderful platform, and I really like the EOS project.  However, I cannot come up with a legitimate reason for the pattern I am seeing above.  The only explanation I can come up with is that ETH is being recycled into the ICO, and Bitfinex is being used to hide this recycling.  I hope I am wrong about this.  I trust Dan, and I would assume he's probably not involved in handling ICO funds.

Furthermore, suppose recycling of ETH was occurring.  The above behavior is exactly what you would expect to see.

Who has access to EOS ICO funds?
block.one claims the ICO is being audited.. when can I review this audit?


I've seen this: https://eos.io/faq.html but I don't blindly trust, especially with no way to verify.
Quote
26. Will block.one be contributing to the EOS Token distribution?
No, during the entire EOS Token distribution period, block.one will not do any of the following:
block.one will not purchase EOS Tokens by any means;
block.one will not pay any dividends to its shareholders; and
block.one will not perform any share buybacks.
block.one intends to engage an independent third party auditor who will release an independent audit report providing further assurances that block.one has not purchased EOS Tokens during the EOS Token distribution period or traded EOS Tokens (including using proceeds from the EOS Token distribution for these purposes). This report will be made available to the public on the eos.io website.
24  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers on: November 18, 2017, 04:34:22 AM
are there any Lisk dapps that i can play around with right now?  or should i ask after SDK?
25  Alternate cryptocurrencies / Altcoin Discussion / Re: How much money has been lost because the ETH system is shit? on: November 17, 2017, 01:56:30 PM
DAO hack + 1st Parity multi-sig hack + 2nd Parity multi-sig freeze =  Huh

actually DAO had nothing to do with ETH protocol, it was just a dapp built on it.  it seems strange that they hardforked for a dapp bug, but not for multiple protocol bugs.  DeSantis hinted that there are more ETH zero days.

On a fundamental level, is my understanding correct: for Ethereum dapps to function without another DAO, they must have bug-free code.  Is this correct?
26  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XLM] Stellar - Decentralized trading platform on: November 17, 2017, 12:29:48 PM
https://www.stellar.org/about/mandate/
Quote
The Stellar Network has a built-in, fixed, nominal inflation mechanism. New lumens are added to the network at the rate of 1% each year. Each week, the protocol distributes these lumens to any account that gets over .05% of the “votes” from other accounts in the network.

how do you get "votes"?

1 XLM = 1 vote. So if you have 10000 Xlms in your wallet, you have 10000 votes. You can chose the beneficiary of these votes by setting your inflation destination to a stellar address of your choice.

thank you.  Grin

i'm not immediately sure how to set inflation destination, but i will poke around the software.  i assume i can set my inflation destination as one of my own addresses?
27  Alternate cryptocurrencies / Altcoin Discussion / Re: Tether: not even a scam on: November 17, 2017, 02:33:52 AM
Tether is not located in the US, so is outside of US jurisdiction.

outside US, yes.  but they have USD bank accounts.. US gov can basically seize USD anywhere in the world.. i saw this happen in poker.  i see Tether as a growing risk to the crypto world.

I think they need 3rd party audits, but as far as I know, they don't do it. Which is very curious why no one else replicates tether with 3rd party auditing.

agree

Clearly more people are investing USD to tether considering the new USDT they issued, despite problems with withdrawals? Or are the withdrawal problems over?

i'm under the impression that USDT --> USD is like 7% vig. can anyone confirm?

Can anyone comment on the tether blockchain, is it centralized? How secure is it?

its built on Omni.. thats all i really know.. somehow Omni market cap is <10% of Dogecoin  Roll Eyes
28  Alternate cryptocurrencies / Altcoin Discussion / Re: Airdrop advice for newbies on: November 17, 2017, 01:37:44 AM
Most airdrops are worthless giveaways.  Sharedrops and signature campaigns are where its at.  Pick up the free "airdrops" (giveaways) if you want to, but most are worthless and in many cases phishing.

Also, OP, Bitsend does legit weekly airdrops, Bitcore does weekly sharedrops, and Byteball does monthly/bimonthly sharedrops.
29  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you still support Ethereum? on: November 17, 2017, 01:31:21 AM
would really like to see some of the cooler dapps launch, like Augur and Pokereum.. what is the delay?
30  Alternate cryptocurrencies / Altcoin Discussion / Re: Tether: not even a scam on: November 17, 2017, 01:07:00 AM
is Tether audited? like, do we know for sure they have the money in the bank they're supposed to? can you receive USD for your USDT from Tether?

what is the legal risk?  is there a chance the US government shuts Tether down?
31  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XLM] Stellar - Decentralized trading platform on: November 17, 2017, 12:27:04 AM
https://www.stellar.org/about/mandate/
Quote
The Stellar Network has a built-in, fixed, nominal inflation mechanism. New lumens are added to the network at the rate of 1% each year. Each week, the protocol distributes these lumens to any account that gets over .05% of the “votes” from other accounts in the network.

how do you get "votes"?
32  Alternate cryptocurrencies / Altcoin Discussion / Re: Penis token (PNS) on: November 16, 2017, 10:39:48 PM
i'm not seeing the Penis  Huh

i suppose this is designed to compete with UET, ASS, and FUCK.
33  Alternate cryptocurrencies / Altcoin Discussion / Re: BTX ROCKET ready to FLY To the moon or what ? on: November 16, 2017, 10:35:22 PM
oh it's ready:

34  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][AIRDROP] XNN - XENON - Massively Distributed EOS Alt-chain on: November 16, 2017, 10:13:20 PM
where do our BTC have to be to be in for a chance for that particular airdrop?

Is bittrex ok? or something more like blockchain.info?

unless Xenon gains significant notoriety in the short term, i'd say it's highly unlikely that Bittrex credits you with a Xenon airdrop.  you should not be holding coin on an exchange anyway.
35  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Gold , A scam ? Please Help on: November 16, 2017, 11:37:47 AM
BTG is not a scam coin. It's just another BTC fork with equihash mining algorithm. Where is the evidence of its illegitimacy?

the premine.

although the premine doesn't make it a scam, that was the whole purpose of BTG.  a truly fair launch would have had no premine, like BCH.
36  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][AIRDROP] XNN - XENON - Massively Distributed EOS Alt-chain on: November 16, 2017, 11:05:08 AM
status of BTC airdrop?
37  Economy / Speculation / Re: We are here. on: November 16, 2017, 10:56:08 AM
masterluc disagrees:
https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/
38  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN]Bitcore- BTX - SEGWIT - BLOOM - ONLINE - new virtual fork 1:0.5 of Bitcoin on: November 16, 2017, 09:31:56 AM
Is anybody working on getting BTX on Bittrex, Poloniex, HitBTC, YoBit, Liqui?  New exchange listing = pump.  This coin could easily be worth $100+.
You better look for another pump/dump coin.

 Grin  Cheesy

in 17 days BTX has gone from ~$6 to $46  Shocked

Wow! I missed out on buying this coin due to high BTC mining fee and couldn't send my BTC to exchange.

And this Coin just skyrocketed. Should have sucked in and paid the 0.0008 BTC mining fee in transaction.

if you have BTC you have BTX.. see bitcore.cc for details.
39  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers on: November 15, 2017, 04:49:26 AM
are there any Lisk apps in the wild that i can check out?
40  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency on: November 14, 2017, 01:35:07 PM
Bitconnect reminds me of Bitcoin Savings & Trust, just with lower rates. Cheesy

What will happen to Bitconnect in the future?

 Roll Eyes  Grin  might take a lil while for this to play out..
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