I couldn't sold my bitcoins when price was over 2700$ but I don't have any regrets about that because now I can buy more bitcoins at cheap rate with all fiats I have in my hand.  Good for you that you are not having any regrets,you could have earned a healthy profit if you could sell at $2700 and buy back everything below $2000  ,if you could collect more coins then it is well and good as the future is really good if everything settles down. |
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Don't worry though it almost hurts everyone. Weak handlers are being forced to sell and I don't know why it keeps on falling, there is something unusual in the pricing of bitcoin. Most of the time when the price starts to decrease there is an increase after a couple of days. Maybe we'll see it after 5 days, it is now ready to fly up to the moon.
Hope you are not in this world,why do you think that the price of bitcoin is going down,do you really think that the price could recover before August,the only reason for this downfall is simply because of the activities we are to expect during the next month. |
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I think the ico should be postponed because of the problem on the 1st of August, if you can delay it until the segment is finished yitu on the 14th of August,
That is a good thought process because people will be panicking and the entire market is taking a dive as we speak and it might hurt some of the upcoming projects when the planned ICO is supposed to go down by August. |
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Nobody listened to the conference call at 10am today with the Attorney from the Feds? Sucks to be on vacation in the California mountains.
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Any revelations from the conference call? I didn't have time to listen.
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Garbanzo has really made a name for himself: TODAY'S Crowdfund Insider https://www.crowdfundinsider.com/2017/06/111928-lawfirm-calls-bancor-ico-interesting-cautions-investors-participating-icos/Crowdfund Insider: What types of fraud have you seen in the ICO market?
Sauter & McGill: The GAW Miners case is an obvious example of what can go wrong when new tokens are used to hide a flawed business model [the SEC ordered $10,384,099 in disgorgement and prejudgment interest and each entity was required to pay a civil penalty of $1,000,000. Both GAW Miners and ZenMiner have ceased their former business operations].
That’s an extreme case, but it shows what SEC and private litigation can look like when things go wrong. If ICOs are ultimately deemed subject to the securities laws, the fraud cases of the future will hinge on whether regulators and private plaintiffs are able to portray disclosures made in connection with ICOs as involving material misrepresentations or omissions. would be nice for them to include how much of that 12 million that was ordered to be paid was actually paid I spoke to one of SEC attorneys a while back and she said there was $0. I didn't get into specifics but I assume she meant that GAW and Zenminers had $0. I honestly don't know how it is possible that Homero has $0. He did hire a fairly expensive attorney afterall. |
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I'm trying to understand the significance of the three names highlighted?
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first time I see this coin, is it a dead project or what is up with all the dev flaming and negativity ? people got scammed or what exactly happened here in a nutshell ? also, a rollback is in order right now or it's just some "plan/promise" ?
It was the next logical step by a group of individuals that got scammed by the Paycoin/GAW disaster. I question whether they were actually a part of it. It has never had any relevance and has always had technical problems. It was supposed to be a gaming coin, but the games were never developed. Right now it had a problem with the staking and a hacker made certain wallets stake an incredible amount. Personally I think it is just 10-20 people that want to rake in as much bitcoin as they can until it dies. |
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For those keeping score at home - we're starting week 3 of the great ionomy clusterfuck.
And the attacker got "unbored", or maybe someone else is having fun now - the diff is all screwed up again.
Gawsome project all around.
I ventured over to their forum and they said, "I don't see anyone selling." I should have said I don't see anyone buying either! |
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According to Huey and Paycoin logic, this happened to stratis and they were fine so obviously ION will be fine. Is Huey saying that both coins have the same devs? If not, what does stratis have anything to do with ION other than the typical paycoiner logical fallacy?
I think Carsen Klock is the only one capable of rescuing this coin lol! |
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I wonder why the attacker didn't spread this out better to disguise it?
They probably trusted the team wouldn't look for it😜 Only 50 posts on here from the official Ionomy account. You would think they could do a better job. Especially in a crisis. If the attacker wanted to have a little fun he could have done a robinhood thing and distributed coins to every small wallet. That would have broke it for sure. |
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I looked at their blockchain with a whopping 430 wallets and I don't see any anomaly where someone is suddenly taking on coins or losing them. Wonder what is going on?
There was one masternode that was raking in like 200% per day. Also network difficulty was fucked up and the total number of blocks went up as much as 10x, thousands of orphans etc. More details at the bottom of this post: https://bitcointalk.org/index.php?topic=1443633.msg19578196#msg19578196I didn't realize there was another thread. Got a big laugh when I saw the email. |
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I wonder why the attacker didn't spread this out better to disguise it?
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Trouble in paradise! Just got this email.  Hello ionomy, Over the previous week a vulnerability in the ION blockchain has been systematically exploited. In response to this attack, the ionomy team, in concert with ION community developers, has been updating the code to mitigate and block the attack, and to correct the vulnerability. This requires a hard fork and a rollback of the blockchain. Testing for the new wallet is currently under way and a release candidate is nearing completion. We will post another update with more details about the attack, outlining the steps we’ve taken to protect and improve the blockchain going forward. In the meantime, we have taken measures to mitigate the harm from this attack. At our request, Bittrex suspended deposits. All ionomy.com wallet functions, including the “Buy ION” feature, have also been suspended. Any pending transactions or purchases will be credited when the maintenance and updates are complete. Thank you for your patience. Please bear with us while we finalize the releases. Please remain alert for our next message so you can update as soon as the new ION wallet is ready. Regards, The ionomy team I looked at their blockchain with a whopping 430 wallets and I don't see any anomaly where someone is suddenly taking on coins or losing them. Wonder what is going on?
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i'm sorry, Kranga. I'm new to the boards. What is a "Whois" and how do I make one?
Don't be stupid, there are only a handful of bitcoin mining hardware manufacturers. If you aren't purchasing directly from them you are making a big mistake. |
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When you can buy more coins for fiat price of the miner than than miner will ever mine back (after deducting expense's), that's when. Obviously if the reverse is true you should buy as many miners as you can afford.
Whenever I have bought miners I buy them to mine for 3-4 months in the winter for extra heat and then I sell them. Hopefully they have new hardware this winter to heat my home. The amount of money spent on the miner was near zero dollars because there is always some demand for used miners. |
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I think it is best to buy either in a valley not a peak. We have seen many valleys and peaks. It does not seem like mining hardware prices dip as much in a valley. I believe mining hardware is a better buy in a peak than buying the coins. It also depends on whether you solo mine or pool mine with a limited amount of hardware. I think solo mining is an excellent gamble with one miner over a lottery ticket from whatever state. I gambled $300 on a s7 miner and lost nothing because the hardware sold for exactly what I paid for it. I was leasing it for free and just paid electricity.
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Just wanted to thank truckinusa for posting the info about the victims list etc.  I never got a letter (I had opted out of the GAWsuit at the last minute on the advice an attorney) and only have internet sporadically now that I am homeless (unemployed, messy divorce etc.) I will be calling the agent in charge of the investigation this week. Hey if nothing else I get to tell my tale of woe and how the GAW scam contributed to it to someone that is paid to listen. When we list losses I wonder if we can put them in terms of current Btc prices? That would make my loss to the scam more like $30K rather than the $3K it was at the time (which came mostly from the rigged trading system), I'll have to ask. One final thought; Homer Garbanzo had Better do jail time, preferably in excess of five years, but even a year would be very satisfying to his victims. I wonder if there are any biker gangs that lost money in crypto? Hopefully Joshy will find out. Recommended sentence is 30-80 months. Your story may push it closer to 80 months. I didn't like the shady connections to GAW so I opted out of GAWsuit also. What would really be interesting is if someone had any interactions with the staff besides HJG. Maybe something that could be reported to the authorities that would implicate them also? Maybe someone with big money had a direct line to Fraser? Who knows? |
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