Why do you say Bittrex is a scam? If you want a coin to be accepted by payment processing companies they need Bittrex or Cryptsy. I have contacted Poloniex many times and I never even get a reply. At least I am in communication with Bittrex.

I think that there are miners at every launch that will sit on coins and just watch until the price is right and then dump. This will only create a little price swing and it will stabilise again. It's like that with most coins, there are some wallets just sitting there, I don't know who it is.

If you have any technical issues please post it to the Bitz forum support thread to keep it clean and organised:

http://forum.bitz.biz/index.php?board=2.0

I have been sent the following as a PM but felt that I should share it as many may have the same concerns:

"ATM, Bitz has no practical use. Is there anything in the pipeline to change this?

I want to buy more Bitz but can't see why I should being that all I can do with it is hold or sell. EBK, so far you have proven to be very dedicated to this project and everyone can see that.

Now is the time to make this more than just another speculative alt. I want to be able to pay for stuff with Bitz.

If so many users here are willing to part with their BTC based on what is proposed by unknown devs, I think whatever you come up with should generate a lot of excitement and you'll be trusted to deliver based on your reputation so far."

ANSWER:

There are two strands to this; one is that we need a solid infrastructure and network. We are achieving this and so far the network has been stable and everything appears to work as it should. Most of the things we are working on is to further security and stability and some minor changes to the wallets. This will help to get Bitz accepted by payment processing providers.

The second thing is liquidity; I have been in contact with merchants, like for instance the LiteGroup who runs Litepaid.com and others that can incorporate Bitz in a payment processing system. They are very positive to Bitz and will gladly integrate Bitz. The barrier is liquidity. All the payment processing systems / providers appear to rely on Bittrex and Cryptsy and so Bitz needs to be listed on Bittrex and Cryptsy or at least one of them before we can integrate Bitz into payment systems. This is only a matter of time. One step towards Bittrex listing is the Coinssource verification that I just did. Now, it seems like there is some movement at C-Cex and the price is a bit up. This is good news and I will continue to push to get Bitz listed on Bittrex.

Once Bitz is on Bittrex I can definitely get Bitz integrated into payment processing systems so that it will be usable to buy things. We are also at the moment working to get Bitz integrated on https://coinomi.com/ which will give Bitz an Android and iOS wallet and will integrate with Shapeshift. But this depends on listing on Bittrex so this is what I am trying to do. I would hope that the Coinomi wallet would be out in the next month but there are a couple of things to sort out.

I am also in the process of preparing a "press release" and I will send it around to some news sites and this will again help to put pressure on Bittrex to list Bitz.

I will update further...things are in the pipeline...but bare in mind that we are only 2 people with day jobs so be a little bit patient...

I've got one Nucleus running but how do I get another one up and running, do I follow the same procedure and use another port like 9998??

You should have gotten some before, Bitz are up to 1200 Sats at the moment, but you have lots so don't worry. I reckon there will be a lot of people dumping if the price goes up and then the price will drop before going up again.

COV is in maintenance mode at Bitttrex and I can't move mine 

So, is it only Bleutrade that have XVI now? I'm trying to buy 3788 XVI but there is only 3057 in total at Bleutrade now?

Thank you so much, I'm gonna try to set up a masternode 

I'm out to the shops, later 

Blocks 1-4 was mined by someone else to test before launch as we had two failed launches before. You can see this from the block chain.

I told you before, I think that Shadow Runner was solo mining from the go and he's probably got a good portion of the initial coins.

As I said, I rented a few X11 rigs at Miningrigrental leading up to the launch and I mined at https://bitz.suprnova.cc/ after the launch under my name EBK1000 (not anonymous), you can see posts from that time stating that I am mining under my name. I rented a good hash rate of rigs and I got my portion of the coins from the pool. I rented several rigs to mine as I wanted to secure a decent amount of coins. I chose to mine like everyone else and I did not have an ICO. I mined to get coins so that this could potentially be used for development of the coin.

I did get a portion of first 1000-2000 blocks through Suprnova.cc but but as I said there were between 40-60 miners. I mined for around 4-5 days I guess and got maybe 50,000 Bitz. Then I started buying Bitz from YoBit and then from C-Cex.

I am not hiding anything. It was a fair launch.

There were no cheap scams at that time. Now there are plenty of cheap scams and you probably got burnt and thats why you are angry.

This is my last entry then...

When you can tell me what an instamine is, I will discuss it with you. Until then, this is a waste of time.

I told you I was mining on Suprnova.cc with around 45 others, there were between 40-60 miners in the first few hours, the mining proceeds went into a Suprnova.cc account and then you withdraw from the miningpool. I would suggest that a lot of block went to Suprnova.cc. I will trace the address and get back to you.

In the meantime you should educate yourself as you are embarrassing yourself. You know many Bitcoins Satoshi is sitting on, yes?

You, who are the pinnacle of intelligence, please tell me how you can hide something with a public ledger?

You don't even know what an instamine is so just leave it. If you are looking for a career as a judge then go for that, crypto is obviously not your thing

How can you hide anything with a public ledger?

...and why don't you go after, say, Bitcoin. Bitcoin was instamined, premined and all sorts. In the beginning you could mine thousands of Bitcoins on a slow laptop....

You are clearly ignorant, nothing is hidden, this is the whole point of a public ledger, the blockchain.
What I think is that you don't know what an instamine is, you just jump on whatever you can and you are ignorant.
The reason I suggest we define instamine is so that we can settle if there was an instamine or not and how big it is.

So you tell me, whats an instamine? You must have had time to look it up now?