I think some of the cry babies are those who wanted to flip their Lisk into Waves, even though I guess they planned to sell for whatever they could get off-exchange? It's not like if a coin is released on the 11th, it necessarily hits an exchange that same exact day. Waves buy-in (optimal) is on the 12th. So that makes little sense really to cry about.

I also expect some of the cry babies to simply be those who didn't buy-in to Lisk from the start, or those who want to catch a dump below ICO levels. FUD is useful in that case.

Otherwise it'd be people acting against their best interest, bashing a coin they still own. Crypto can be silly sometimes.

I know people are impatient here, but come on now... 2 week delay and you are already going into crazy mode? Do you have rent due or something? For a project this size, with so many investors, 2 weeks is nothing. It's also counterproductive of course for ICO holders to go crazy bashing their own coin ... play it right and delays increase the value of a coin by the time it hits an exchange.

At a certain point you'll just have to let idiots be idiots. A 2 week delay (or however long it is), however, is really nothing... not sure why anyone really cares. I just wouldn't go longer than that though. If people haven't validated by then, so be it.

Also, not sure if most realize this, but a delay between an ICO ending and the coin hitting the exchange, usually increases the coin's price. And delays are not due to coin issues, or lack of coding, or whatever (which in theory could hurt a coin's price) as the coin was already made... just a fork of XCR.

I used to post over there too. It took me a lot of posts, over three versions of their thread, to get some basic info. Now I won't say it's scam... I'd like to think it's not actually ... but at the least there is a lot of mismanagement over there.

I don't think anyone knows who Lannister is exactly. And he's not forthcoming with information. For reasons I won't go into (although EK might want to), they went through a couple of lead devs, all seemingly tight-lipped. Lannister said he wouldn't post a public ledger of how the funds were being used, which is sort of a no-no if a coin doesn't use escrow. Anyway...

Lack of escrow was the first red flag. Anonymous devs was the second. Odd ICO setup another... difficult to get real info another. Three threads, last one moderated, yet another.

I do think Greed has gone into Fud territory a bit, but that's sort of to be expected here. Not that I think he's a troll or has ulterior motives, but with so many scams in crypto land, it's natural for folks to go a bit overboard at times. I did warn EK that the types of critical posts in the Elastic threads weren't FUD .... they never got the scam accusations, or giant fonts, or tons of negativity... just lots of questions. But when a dev isn't completely forthcoming, scam accusations always follow.

Too many red flags for me to invest, but I do think they will eventually deliver a coin. No idea if it'll do what they initially set it out to do, however. At this point I think it'll be more of a situation where they deliver 'something'.

Altcoin of 2016 is whatever I am holding, of course.

Expect everyone else feels the same way too.

It's exactly Lisk-like, which is obviously a red flag. And I expect to see more coins use a similar ICO-style.

It'll probably be the 'flavor of the month (or months)'... something succeeds, and we get a million similar coins. Like when we had country coins, anonymous coins, and so on.

In this case, it's the simple fact that Lisk brought in an insane amount of money from their ICO. So other devs said, why not us? You would have thought they'd change the ICO terms at least somewhat, however. It's too copy-cat.

It doesn't mean the devs here won't deliver, or it may be an interesting project. But it is a red flag. Worst case I expect a lot of interest, the traditional initial ICO price rise ... then... well, who knows.

I am curious what will happen to the price after release, especially after the full release, not MVP. Logically one would think it'd go down after token conversion, then it depends on marketing and usage. Assuming it gets used at all.

As for the current price... all coin prices seem out of whack to me, including btc. It actually pumped from a lower starting point, was sub 4K before the recent pump.  Of course the price is being manipulated (like all coins) --wasn't out of nowhere, by the way, it was due to MVP talk.

But the question isn't what will be the price after the token conversion, but what will happen to the price when MVP is finally announced for release.

Testing sig for bounty.

That's possible, but as you say, XCR was never exactly known for supporting high volume sales (and especially not now).

Another reason for the spike may be more basic too ... someone pumping up XCR (and at low volume), due to the fact it very well could increase the price of Lisk once it hits the exchange. We all know that there shouldn't be a direct correlation, but markets aren't necessarily logical. So the increase in XCR price may have nothing to do with someone pumping XCR to sell their XCR... but to instead to sell their Lisk (eventually).

Probably the same reason that occurs when 'random junk coin' increases in value several times.
Someone is pumping it.

They probably realized that with so many XCR tied up in the Lisk ICO, there is hardly any out there... and most activity is on one exchange ... not so hard to move up now, especially since they can try to tie Lisk success to XCR somehow.

Of course any logical person would look at this as being insane. One party (Lisk devs) will own almost all of the coin, and after the refund period is over, could create never-ending sell pressure if they wanted to.

Not that I'm surprised, but no response back from Bter after submitting a ticket over reimbursement. Guess they'll 'try their best' and a month from now I'll get a canned response they'll look into it... then I'll never hear from them again.

1300 sats - (price you sold XCR on BTER) + any BTC loss (BTER buy price - sell price).

Of course I consider it moot anyway, as expect Bter to completely ignore any compensation requests.

Probably true of most ICOs, but in escrowed ones it also means the devs need huge amounts of BTC on-hand. I don't think these devs had that kind of btc just lying around.

If a dump occurs instantly, I expect it would be due to whales wanting to make some waves, and gobble up cheap coin.  Although in this case, who knows, whatever dump that may occur may still be higher than ICO price.

To be truly repaid, you should get not only that selling loss but also the difference in price when converting to Lisk (Lisk price - your selling price)... as I will assume that is what you wanted to do. As since you couldn't withdraw, then you either had to pay more for the XCR somewhere else or just pay in BTC (at a worse price).

I'll be amazed if they do anything about it, but submitted a ticket with details. If they remedy the situation, I'll change my tune from unscrupulous to just incompetence.

The hot wallet went empty as soon as the ICO started (which was what, about a month ago)?
I asked via ticket and on chat, multiple times if the hot wallet could be refilled so we could take part in the Lisk ICO. Many people here asked the same. Most of us had to take a loss by cancelling our withdrawals and selling for whatever meager amount we could.

There is no real reason why the hot wallet wasn't refilled a month ago. I am not aware of anyone being able to get XCR off of BTER at any time that the ICO was running (people repeatedly posted here with problems).

BTER was silent this entire time, until the very last minute. There simply is no excuse.

And BTER waited weeks and weeks before 'trying their best'?

BTER wouldn't fill up their hotwallet. It was empty for the entire time period of the ICO, up until the last day evidently. Lots and lots of people begged BTER to fill their wallet, yet they wouldn't. There is no excuse for that. And the only reason for their behavior is either complete incompetence, or someone at BTER wanted to scoop up cheap coins for themselves, then convert it to Lisk for themselves.

Same here. We all knew their hotwallet was empty when we tried to do a withdrawal. And Bter just sat there, for weeks, doing nothing. I had to sell my XCR for BTC on Bter too, then rebuy at a higher price on Polo.

They can say they had 'problems', or try to play the good guy now and say those with stuck withdrawals will somehow get their Lisk, but they are trying to pull a fast one ... tons of people lost money on Bter due to cancelled withdrawals and Bter won't do anything about that.

Either they are just trying to outright steal (cold wallet for Lisk for themselves), or steal by previously scooping up XCR cheaply for themselves (due to their own shady behavior), then under the guise of 'helping their customers', convert that XCR to Lisk (again, mostly for themselves).

I really wonder how Bter plans to play this. They must have known that the Lisk devs could figure out it was from the cold wallet. And in the XCR thread they stated they will try to get people who tried to withdraw their Lisk, somehow.

So what I expect they'll try to do is link withdraw attempts on record with an equivalent amount of Lisk.

But even that is incredibly shady (and like impossible to verify), because for weeks Bter purposely kept their hot wallets empty. Resulting in everyone basically dumping XCR at cheap prices, just to get whatever BTC they could, so they could leave the exchange.

Now if I was an evil Bter person (or persons), I'd buy up that cheap XCR, and then withdraw/convert for myself at the last minute... which is exactly as this seems to have played out.

You know, I posted about that possibility earlier in the XCR thread (as a joke)... when someone posted that Bter had blockchain issues and was just trying to fix it now... 2 hrs before the ICO ended... when for weeks they wouldn't fill up their hot wallet. Evidently they actually did try to cash out their entire coldwallet for Lisk... amazing.

I expect they'll try to say they had withdraw issues or something, so sent the entire cold wallet (somehow)... and then try to match valid withdrawals? But how can anyone know which are even on the level at this point?