What is the harm in playing it safe?  Yobit is not a fractional reserve.  If they have all the funds they claim to have then all will be well.  If not well at least some people were able to extract NYC they paid for.

Yobit's new scam is to inform users they need to deposit .1 BTC (~$1k) and get "verified" in order to withdraw NYC.  Guess they learned something from BiteBTC's scam.

I just verified that Yobit has only 20 confirmations needed for deposits.  Get your coins off fast, this is an attack vector for another 51% attack.

Speaking of Yobit, just heard the funniest quote about some "autistic guy" in the trollbox 

Technically they fulfilled the request to open the wallets. You can deposit and you can request a withdrawal, but the withdrawals are cancelled.  You can put it in, but you can't get it out.

Sure, sure. So long and thanks for all the fish!

No hostile takeover, just a larger community effort having to constantly deal with the efforts of a single(?) individual sabotaging any and all initiatives that he wasn't in control of.

I looked through this forum and some of your other social media posts and I've seen your opposition to the security fork along with your schizophrenic praise of the devs one minute and attacks against them the next.  Why would anyone lobby so hard against such an obviously necessary update?  It seems to me if you hadn't of fought so hard against the security fork, the devs wouldn't have had to spend so much time lobbying the community and advertising the reasons why the security holes needed fixing.  Many believe the devs should have just quietly fixed the flaws that had already been exploited (possibly by the party that was most vocal in opposing the fixes?) and kept the conversation limited to the pools and exchanges.  Instead the reason for the fork was spread far and wide and before the security measures could kick in, NYC was 51% attacked ... for the last time, I might add.  All this may have happened regardless as many believe the 51% attack was performed by insiders, regardless, the attackers knew the game was up and decided to get as much as they could in the remaining days before the security fork and other security measures took effect.

As a result NewYorkCoin lost its top 3 exchanges by volume (though it was likely fake volume and wash trading anyway).  Doesn't really matter, they were all shitty exchanges and if NewYorkCoin is to fulfill its promise of becoming a viable merchant solution, the changes needed to be made.

To be honest, only thing NewYorkCoin ever had going for it was a great brand and a great community, that hasn't changed.  All the things you keep promoting are useless features that are available in scores of coins and that any could add with almost no effort if it made sense to do so:

- 30 second blocktimes?  There are dozens and dozens with even faster blocktimes.
- No fees?  Not exactly true, but does it really matter when all the smaller altcoins fees are so small that you can send thousands of transactions for a penny.
- Real world adoption?  As others have pointed out, the fact that there hasn't been a single complaint by a merchant in this forum or any other venue AFAICT, even when the shit hit the fan, is telling.

I get it, you had a fine little scam running, making promises that you lacked any ability to fulfill and selling into the pump.  With billions of coins you could play the long game, pushing the coin in any direction you wanted to simply by wash-trading.

Those days are gone, I think.  I'm guessing you lost 70% or more of your holdings during the 51% attack, that was not smart.  Now you have to settle for pumping fake coins on Yobit and hoping you can lure enough newbies in to turn a tidy profit.

"It's an ill wind that blows nobody any good."  In other words the silver lining here is that during the 51% attack many community members were taking advantage of the ridiculously low prices and managed to get coins off the exchanges before they went insolvent.  Those community members thank you for your generous 7 billion NYC donation!

Prices are still historically low so anyone wanting to take advantage see https://www.coingecko.com/en/coins/newyorkcoin/trading_exchanges#panel for pairings.

Nobody back-peddled AFAICT that's just you making up random BS again.

Yes, the NYC network is free for most transactions.  You can also send 630+ transactions with BSV for less than a penny (USD), so for all intents and purposes it could be considered "free" as well.

The reason you rarely see fees on the NYC network is because the blocks are frequent - approx. every 30 seconds.  Another factor is that there is typically only one transaction per block, the miner reward.  A few blocks have 2-3 transactions so there is plenty of room now.  If NYC were to experience an increase in transactions that caused blocks to fill you would start to see fees, especially for high priority transactions.  I don't expect this will happen, unless the network starts to be utilized for IoT or some form of Crypto-Kitties, which would be cool but not something currently supported.

I get that FREE makes for a nice sounding marketing soundbite but it also means you have to go out of your way to reassure technically savvy people that you aren't an idiot.  This conversation actually happened when the NewYorkCoin community reached out to pooler from LitecoinPool:


It's always a little shocking to find a person that has been in crypto since 2014 and still seems to have no understanding of how bitcoin and its clones work.
I recommend reading https://en.bitcoin.it/wiki/Miner_fees for an understanding of how miner fees work along with the other fees necessary to prevent spam transactions.

I kid, NYC followed the same parabolic curve that every other altcoin did during the timeframe you mentioned.  You literally could have done nothing constructive (which is basically what you have done for the entire life of this thread) and seen the same results.

It is big of you to take the credit (blame?) for getting us onto not one but two of the biggest scam exchanges possible:
Yobit - https://bitcointalk.org/index.php?topic=2726811.msg51633401#msg51633401
BiteBTC - https://bitcointalk.org/index.php?topic=4612714.860

And how about those ATMs you've been promising for, well ... forever?
And how can we forget CoinSleazy?  Whatever happened to that?

A quick reminder, the current Coinomi integration was paid for by https://nycoin.community/

P.S. For a well researched account of the major NewYorkCoin events see: https://medium.com/@newyorkcoin/timeline-analysis-and-response-to-recent-51-attack-941da50d625c

P.S.S. My favorite part is at the end where the author adds:

So basically you're admitting to using the huge amount of NYC you had on Yobit to wash-trade the price up to $0.0012?

In January 2019 1 BTC would get you 700M NYC.  10*700M = 7 Billion NYC.

In January of 2019, under one of your aliases, you posted a screenshot with most of the info blacked out except for the value of deposits in BTC.
You can see by the number of decimals you had to black out in the left-hand balance column that the bulk of the deposits were in NYC.
You can also see that all of your NYC is in sell-orders by the zero value in the center table balances.

It's hard to tell if there are enough digits to get into the billions, for sure there were enough to get into the 100's of millions, and you certainly had the equivalent of 7 Billion NYC in value on the exchange depending on how accurate Yobit's estimation was.

There is nothing I can do to prevent the paranoid schizophrenic/conspiracy theorists from believing what scryptenthusiast under his many aliases, such as NewYorkCoinMiner/nycminer (in discord), posts.  However, there have been many reasonable individuals who joined the https://nycoin.community/ who first learned about NewYorkCoin from social media controlled by scryptenthusiast only to realize they had been duped.  It is for that group of people that the following information is being provided to help them to make informed decisions, in the hopes that we can reduce the steady tide of individuals coming to our community and asking for our help with Yobit, for which there is no solution for reasons demonstrated in the thread above.

Prior to being banned, nycminer periodically used to come into the community discord and try to pump Yobit, knowing that the wallet was closed.  At one point he posted a screenshot with a blockcount that matched the active chain which he claimed proved Yobit would be opening the wallets soon.  That was months ago and it still hasn't happened, but that isn't the really interesting detail of his post.  nycminer had done a poor job of editing out information on his screenshot.  There was enough information to estimate his NYC holdings on Yobit at ~7 billion NYC, or 70% of the open orders at the time.  So it's clear that scryptenthusiast/nycminer has a strong motivation to convince others to buy up his bags on Yobit.

For up to date information join https://discord.gg/yyZTWyV. I also encourage everyone to read through this Forum to get a better understanding of the history of NewYorkCoin.

The best way to get me to stop posting is to stop attempting to scam other people.  You wittingly or unwittingly invested based on bad information from a dubious source, now you hope to pass your bad investment on to one or more new "suckers".  Those people will wrongly believe that NewYorkCoin, a community of thousands, is a scam when it's really just one or two individuals with control over a domain and a twitter account passing on bad advice either through ignorance or greed.

If I am wrong and by some miracle Yobit is able to reopen then I will happily apologize and celebrate with you.  In the meantime I would recommend not making any investment decisions based on rumours that appear to have been debunked in Yobit's own troll box.

A response is necessary, as there is a lot of misinformation on this forum and on the .net site, many people come to the Community site asking why they can't get NYC off of Yobit, responding in forums like this is an effort to prevent having to deal with angry "investors" at a later date.

FWIW, the community advised moving all NYC off of exchanges for months prior to the fork, this is a standard safety precaution. We also informed the community via all social network channels that Yobit was not following the fork and that Yobit was un-communicative.  Do your research before investing, if you have funds on Yobit it's because you were not paying attention and/or listened to unreliable sources.

PLEASE STOP PURCHASING NYC ON YOBIT! Unless we get official word from Yobit that they will open the wallet, and everything we have heard to date from Yobit implies they won't, we need trading to stop.  Coinmarketcap will not remove Yobit as an NYC exchange as long as there is NYC volume on Yobit, leading to a regular stream of disgruntled buyers asking the community to remove Yobit from Coinmarketcap's NYC page.

The site you have listed for NewYorkCoin is operated by a single individual and should be updated to the community site - https://nycoin.community/

Graviex is currently the best exchange with the ETH market having the most volume: https://graviex.net/markets/nyceth
See https://www.coingecko.com/en/coins/newyorkcoin/trading_exchanges#panel for supported exchanges

The response from Yobit support does not bode well for having the NYC wallet reopened.




This is not the first attempt to pay Yobit to open the wallet.  The problem is there are not enough NYC remaining on Yobit to settle accounts.  This is the same issue that existed with TradeSatoshi and Crex24.  TradeSatoshi issued a refund token, with only a small fraction of those losing funds receiving any form of compensation.
Crex24, the exchange with the smallest losses, expected the "owners" of the coin (NYC) to reimburse them for the coins they lost, approximately 1 billion NYC.  

During the attack, some 30 billion (fake) NYC were tracked by the explorer as a result of double-spend activity.
The exchanges that provided information put the losses at 70-80% of exchange funds, so a conservative estimate, based solely on what was offered for sale has Yobit with ~10 billion NYC on hand at the time of the attack.  That would mean they or short 7-8 billion NYC.  0.5 BTC is not going to cover those kinds of losses.

It's time to put Yobit, TradeSatoshi and Crex24 behind us and focus on the future.  Great strides have been made since the October 2018 51% attack in terms of network security and NewYorkCoin is hardened and vigilant.  It is now understood that exchanges will not take the initiative to provide sufficient security measures to protect deposits and any losses will be passed on to customers, placing the burden on us, as a community, to share accurate and timely information with each other. See https://medium.com/@newyorkcoin/timeline-analysis-and-response-to-recent-51-attack-941da50d625c for details.

It's really generous to pre-announce Yobit opening the NYC wallet in 2-4 businesss days.  A less generous person would be loading up, knowing they can sell for 3 times the current Yobit price on Graviex.

It's good to know that there are still selfless people in the world.

The losses are in the 10's of thousands, possibly as much as 140k based on current prices on Graviex.

The caching rules for the service calls need to be lowered so the page updates more frequently.  For now just clear your browser cache to see updated block values.

This will never happen. Yobit is likely missing billions of NYC.  Don't fall for the pump and dump. 

BTW, anyone can edit the HTML for a free maintenance ticket and screenshot it