Most people have looked upon NXT as a comparison, and 100 M isn't so much as compared to a billion.

As for the IPO, I think the buy in was around 880 sats or so. To me, that's the simple answer as to the current price, as IPO people will take profits. There is also the fact that the roll out wasn't exactly trouble free, bter had their own issues with that nxt debacle, and a lot of people don't use bter to begin with.

Those aren't bad ideas, but someone from bittrex would need to say if their system has any safeguards in place or not. Obviously they didn't safeguard against what occurred here just now. I assume some of the exchanges have 'dump' check code, or at least hope they do... I think poloniex may. Several times I recall coins being frozen there due to suspicious activity. Or perhaps poloniex just likes to freeze coins randomly...

But yeah, they could put some code in there to help things a bit. And they shouldn't have listed the coin to begin with due to the premine. Hopefully they learn from this and go beyond simply saying they wont agree to destroy coins in the future.

They must know the account that made the dump + withdrawal, of course. But it's all automated. I mean, you go and sell a coin, go to withdraw btc, all you have to do is click on your email to confirm. 2 seconds later and it's on it's way.

It's not like bittrex sits there and verifies withdrawals by hand. So I'm not entirely sure what they could have done, unless there was some 'dump' check code in place to stop trading beforehand, or something similar.

I was just clarifying the fact there wasn't btc from the ipo for bittrex to release.

As for the dump, the only thing bittrex could have done was lock that account/stop trading. By the sound of things, it occurred really quickly there, so maybe they didn't have time, even if they saw it.

Bittrex should shoulder some blame for listing a coin with a giant premine that was never destroyed, but they didn't host the ICO. There was no btc for them to release, as all the ipo money was already received outside of bittrex.

ICO people cashing out for immediate profits. Although if they truly wanted to do that, they should have done it yesterday when it was 3K+.

Slow growth is better anyway. I wouldn't mind another minor dip actually, as I have a small buy order still waiting to get filled.

I wasn't aware of paypro until I just read your post now, but that seems a bit different than what they have planned. The paypro visa looks like a regular debit card, but they just use their exchange to fill it up with fiat beforehand, correct? I take it that greenbacks wants to make the process more seamless and sort of automatic, unless I misunderstood their whitepaper.

Not that it'd be easy... I don't view it as shady, just unlikely to work out. A large multicoin processor, if paired up with someone like paypal, I suppose could pull it off, and is one of the few ways I see crypto catching on with the general public as a usable currency. The problem though with something like greenbacks, besides just getting the card thing off the ground, may be volume. It won't do much good if people use the card as planned, and then crash the price of the coin due to the volume not supporting such sales. So I guess that's more a longterm plan/hope for them, than something we can say will actually see the light of day.

Is there any info out there as to what value the rewards for the loyalty program is exactly? Monthly rewards pts sound nice, but without something to compare it to, we can't assign it any real value.

17K-150K reward pts/monthly ... what does that equate to in fiat or purchasing power?

I like the rewards idea and even suggested it to the Noble dev ages ago when they started their marketplace. But it's useful to know ahead of time what a reward pt equates too.

I primarily want to know if I should accumulate or not ... as idiot me didn't get as many coins as he should have during the ipo. It'd also be useful to know how many folks have signed up for the top two tiers already, as if the spots are already grabbed, no point scrounging to meet a set coin total.

I'm also interested for more info on the marketplace itself. What items will be for sale + what vendors have you signed up, and will it be sort of similar to how the Noble marketplace works? Primarily gift cards?

One problem with marketplaces for newish coins, as well as your proposed debit card plan (as well as veri-bit like solutions), is that if a coin's volume isn't high enough, too many people using said marketplace could crash the price of the coin. How do you plan to get around this?

Something the major exchanges could do, but expect they won't, is use some sort of minimal standards before listing any ipo/ico/icd coins, even if they didn't run the ipo through an exchange.

It could be something basic, like that pod or coinssource trust rating + code review. If there are lurking premines, the coins won't be listed until the premines are destroyed.

Note that I don't say to do this for every single coin listed, as that would be a lot of manpower, and financially it may not make sense ... as if bittrex doesn't list a new coin, someone else will. But even though there seems to be a lot of ipo coins out there lately, there aren't so many that this isn't feasible. IPO coins naturally hold a higher risk than the standard coin, due to the devs receiving funds upfront. So it's not unreasonable if exchanges hold them to a higher standard.

None really, just interchangeable terms. Same thing with ICD too.

Just depends on what an exchange or dev decides to call their ipo.

Ah, my mistake then.

I do suggest however if a dev states that a premine will be destroyed -- even if it's not through bittrex -- that the exchange hold off on listing it. The issue isn't that you agreed to destroy the coins. It's that you listed the coin before the premine was destroyed, regardless of who was supposed to destroy it.

Of course if the dev didn't state any premine was to be destroyed until after you listed it, you can't take any blame, as you couldn't have know about it. Again, not sure when it was mentioned or not in the ann thread.

Although you did not host it, if you agreed to destroy coins, you shouldn't have listed it until the coins were actually destroyed. Common sense should have told you that there was a danger to having such a large premine sitting out there... and was there any real harm waiting 24-48 hours before listing the coin? Not like c-cex would eat up all of the trading profits going on. They aren't exactly an exchange juggernaut with tons of volume.

I understood you meant new accounts, I was just wondering how that would necessarily matter, if a dev could just make multiple accounts, or even just one account a month or more earlier.

I do agree there should be an ip block on multiple accounts, or let's say no more than 2-3. There could be valid reasons for needing more than one account, such as a person's email going down, or some weirdness like that. Again, not sure how that would necessarily stop a dev from scamming if all he needed is one account a month or so old.

What's to stop the dev from making several new accounts a month or more before they plan to run a scam? 

And making 20btc on a sale isn't exactly impossible for regular traders, so blocking them from withdrawing their funds probably wouldn't go over so well.

I haven't followed the coin very closely and didn't invest in it, but did they actually host it? I thought the ico ran outside of bittrex?

But I do think if they agreed to destroy the coins, they shouldn't have listed it on the exchange until the coins were actually destroyed. Not a biggie to wait a day or two before listing a new coin.

There is no guarantee that it would have mattered, as a dump could have occurred on baby-sized exchanges like c-cex and such... but it would have been less painful.

I was thinking the same exact thing. Besides, after Bittrex you don't really need to worry about the small exchanges that people never heard of. Places like Cryptsy/Mp/Bter/Poloniex and so on will either take the coin based on volume or not, not based on folks randomly contacting them.

I think it was around 564. Just as a tip, when I'm unsure of what a starting ICO price is and am too lazy to look for it on the coin's website or forum, I just go to the exchange, and adjust the price until it equals what I paid in total ... and that is then the ICO price per coin.

And yeah, I think bittrex has sort of killed the ICO mindset of some people, where they feel a need for immediate profit, and if they don't get it, they panic and think of all the bad bittrex icos... so then they dump. They should remember coins like NXT... imagine if someone bought into that ipo and sold immediately? They'd hate themselves forever.

I have come to the conclusion that a decent proportion of people out there have no idea what they are even investing in half the time ... they just throw money at an ICO/IPO, then dump with any profit at all...  or even dump at a loss. Sort of like how it goes with freebie coins. Bizarre mindset, and it'll come back to bite them if they guess wrong.

I tried moving some crypti from poloniex to cryptsy last night, but was getting an invalid address error on polo's end... odd.

I assume it's not quite safe to transfer coins yet?

And any timetable on a proper windows wallet? I'm not keen on web wallets.