In fact, I want to point out something that's even more appalling, egregious, shocking, atrocious, abominable, abhorrent, outrageous even I'd put some more words in some other tongues too just to emphasize the horrendous act that we've uncovered going on in cryptsy 2.0 aka c-cex
So the story goes like this:
Firstly, one must understand a few 'rules' in PoS Coins:
1. In order to actually stake one must have a Transaction 'Input' to the coin's daemon, which will show up in the 'minting tab'
2. This input must equal the minimum required 'coinage' aka 'balance' in order for a stake to occur
MOST IMPORTANT RULE#: 3. The amount of the transaction 'Input' from rule #1 must be an 'ACTIVE' Balance in the wallet
4. The wallet must be HOT, in state of being online and 'unlocked for minting'
***Rule #3 is the most crucial because NO STAKING will occur if there is not a balance in the wallet equal to the transaction input on the minting tab***
In other words, if you have a transaction input on the minting tab of let's give an arbitrary number of 2 Million, but your wallet balance is 0, NO STAKE will occur. this is putting it in simplest terms.
SPOTS pointed this out partially on his blog -
blog.freestaking.com :
"The second, and honestly more concerning issue here, is that for coins to actually stake they must be in what is known as a hot wallet. Whether or not the exchange is actually using this for transactions is irrelevant in our example; your coins are in their wallet, staking, on an active node that is connected to the network instead of utilizing any form of cold storage. Coins in cold storage will not stake, as they are ‘frozen’ for security"
...but left out Rule #3 in this description, (maybe add it on spots?)
So, now on to why I'm stressing on Rule # 3 and applying this to what happened on C-Cex. Using the report SPOTS put together from the evidence I have provided, is because those coins I depostied, not only were getting staked, it's the fact that those coins got SOLD to BIDS that were either not actually trade orders from other users but C-cex itself
Did anybody come to realize that? and the implications of this on a much larger scale?
Why? Because applying Rule #3 if My 2.5M coins that I deposited AND SOLD that same day were actually sold to another user the coins would've moved to that user's deposit address (if staking was not to occur)! Guess what!? My CUBES NEVER LEFT MY DEPO Address:
My Deposit Address on C-Cex:
http://www.presstab.pw/phpexplorer/CUBE/address.php?address=CNisr2BkrhrdhTCgACrdMJdiYv2oCEtcuYTime of 2.5M Deposit (12:05am on June 17, 2016):
http://www.presstab.pw/phpexplorer/CUBE/tx.php?tx=03ba5c000b185c908e6b186e746cca8090190bd7a1d3d5c138b3ef9364d402a4The Entire Deposit was completely sold by 12:12am on June 17, 2016 THRU 12 Separate SELL orders:
https://bitcointalk.org/index.php?topic=1211692.msg15751032#msg15751032However, low and behold those 2.5M Coins NEVER FUCKING LEFT MY DEPOSIT ADDRESS and on July 5th, 2016, those CUBES were still in my depo address
(but not showing on my c-cex balances page) and initiated the FIRST STAKE of 88,000 CUBES:
http://www.presstab.pw/phpexplorer/CUBE/tx.php?tx=457ec40bba0f37a1294766adf41ee97254cd7b271ce40f1e72d64a7686e4ee74DATE BLOCK TRANSACTION ID SENT RECEIVED TOTAL MINTED CHANGE
5 Jul 2016 880007 457ec40bba0f37a1294766adf41ee97254cd7b271ce40f1e72d64a7686e4ee74 2,500,000.0000 (0.000 BTC) 2,588,000.0000 (0.000 BTC) 88,000.0000 (0.000 BTC) 88,000.0000
CONCLUSION:
WHAT THE FUCK WERE THOSE BIDS ON THE BOOKS? (THE EXCHANGES, AND NOT FROM OTHER USERS...)
THE EXCHANGES ARE PUTTING FAKE ORDERS?
MY COINS GOT SOLD TO SIGNIFICANTLY UNDERVALUED PRICE!
THEN THE EXCHANGE STAKED MY COINS.
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SPOTS I'm sure you got something to say about this, and definitely need to get this on your blog as well, this needs to go viral!
I hope everybody on this thread goes ape shit on this, cause I sure am fucking contacting everybody and anybody I can to get this public!
CCEX was purposely manipulating the price to get people to dump so they could themselves make a bigger profit. Also you notice how when the price of CUBE dropped it seemed to drop further than it should have I think there's a lot of people gunning for Spots. Spots your an outlaw wanted dead or alive
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