|
Bittrex has 190 million DGB sitting in an account but this one is frozen as its the proceeds of paul vernon stealing from cryptsy customers. Bittrex won't confirm or deny they are pauls coins in an attempt to sell but they came in as 1 deposit of 190 million and have sat there for over a month now. Nobody leaves that much on an exchange.
You'll recall there was that DGB high paul was attempting to sell that 190 million to generate approx 300-400btc but they got frozen. Silver law will get them eventually after proof and somewhere between 3 months time and 1 years time there will be some sells occuring to return to btc and cash to make customers as whole as possible so beware this possibility.
In the interim don't let that address spook you into buys or sells or rather any trading on bittrex. But i do suggest people watch the cryptsy news on crypto news networks to guess when you might be able to get some cheap dgb as it gets sold. Im not sure if it'll be one hit or if it'll be a slow leak out.
|
|
|
|
hi!, a couple of months or a month and half i guess i sold my sprouts to 9 and the next day they went up to 27 satoshis,  , now they are a t 5 or 4 , but the diff is greater, i wanted to ask how big does a block mus be to stake on 5 days?, 500K?, 1M, 2M? and how do you think the hakving will affect te coin?  to stake on day 5 you'll want 25-35 million. By halving i believe you mean bitcoin halving and i suspect people will sell to get more bitcoin. Sprouts price is going down. Being realistic and truthful this coin has no buy support at present and hasn't for a while. Its all selling and the lower prices on buy side getting sold into. If there was buy support there would be difference in bittrex 24 hour high but thats just an occasional little buy from sell side that is likely bot behavior. Check the bittrex history out. If you want to stake for decent returns you'd want 50m min but there is no telling if you would break even or if the coin would advance. |
|
|
|
|
How do anyone in the crypto world even go near marshall long?
His involvement with
- GAW and josh garza
- cryptsy and paul vernon
Those are the largest red flags ever... He should be permanently black listed. Why haven't authorities cornered marshall long yet?
|
|
|
|
The only reason to have a masternode is to help speedup the network and you get a true 50% cut of the block that is generate on that node. Its all about if your node gets the block or not.
According to the white paper all masternodes share 50% of all block rewards. The regular wallet gets the "50% cut of the block that is generated on that node". exactly.. what they are failing to understand is yes a masternode might get less per block than a stake... but a masternode is used in every block transaction for the day i.e. 1440 of them based on the optimal block time. That means a masternode can process many blocks a day. As long as there are less than 1440 masternodes each will get multiple block rewards per day. There should be less than 130 masternodes on launch. It is easy to use commands to track the wallet locations and watch the transfers. It will be some work figuring this out but they can't hide them. They should just be transparent and list them. I expect some opps the automated script made more masternodes than it should have we'll burn the coins posts when they get caught out. |
|
|
|
50% of the block reward goes to nodes, the other 50% goes to staking wallets.
Ionomy do not get any of this only from their own nodes and staking wallets. This is how I understand it.
The number of nodes does matter to those ICO investors that bought enough coins to run a node. They should only be in competition with customer coin shared nodes (stakers) and other node investors. They should not be in competition with bounty coins, dev coins etc
Except you don't have any way to verify this, do you? Let's say there are 50 masternodes. Ionomy says "these 20 are ours" (if they even bother to say that) so the remaining 30 must be customers' nodes? How would you know that's true? Also they fully control at least ~10.3m of the premine (10.9 minus the 600k that are supposedly unlocked) so the vast majority of the regular staking coins as well, unless they offline them completely. Anyway, fixed block reward 12 million per year, I'm willing to bet 1000 XPY (oops) that most of it is going to the "team" one way or another. From what i understand after testing on the masternodes on the testnet. Its better to not have a masternode. As you will stake more frequently based on the coin weight. So if you have more then masternode requirement of 20k you dont need a masternode. You should run basic staking. The MasterNode concept is to support speedy transactions and the users running the nodes might get a hire stake for running it it will not be as frequent as running a standard staking wallet. The only reason to have a masternode is to help speedup the network and you get a true 50% cut of the block that is generate on that node. Its all about if your node gets the block or not. But again this is my interpretation of it. I might be 100% wrong. We will know as soon as the network launches and we figure out what is going on. If this is true, and stakers could be paid for from wallet stake rewards, then, why would ionomy run any masternodes at all? Then if that is the case their coins will be in their own staker whatever the highest rate is i.e. the premine coins. You watch those coins won't sit idle without staking or profiting in some way. There will be a spin like its so the dev fund can help fund itself. There will be no ledger showing "who" the coins are paid to and when limiting transparency. They'll be paying themselves. |
|
|
|
Thanks for the reply and the answer. Good to see they will post all the Masternode addresses as well as the bounty wallet. I do hope they keep the bounty coins in cold storage to minimize the risk of a hack.
No problem my friend, Any relevant info that I can get, Ill be sure to share. The way I understand, the bounty coins will all be in one staker staking at the base rate. Im assuming the coins it stakes will continue to build the bounty fund up? So that's a "no" to cold storage? Unless they invented offline staking. 2,600,000 ion from ICO means 130 masternodes off the bat. This means a large percentage so masternode purchasers can expect on startup a minimal return. I don't believe they will run a transparent system that checks and reduces masternodes etc. Its a silly system. Honestly users should withdraw all their ion group and make their own masternodes. Then the ionomy team makes no money off them as being as honest as they are they'd reduce to 0 masternodes right? Honestly its not going to work this project. The team has no risk and all potential is risked on their community constantly pumping money in. Money in has to exceed sales and people by nature want profits as we all want to grow. It hasn't worked the last 4 years in altcoins so it won't work now. I just wish these guys/gals would see it. There are stable gaming cryptos in existence that a community of all of them could promote.. they are proven and can grow as they've hit their low bottom out stabilised points. They'll learn in 12 months tops. As much as i think mr coins is deluded at least he's saying listen to both sides and challenging the ion folk. I still think he doesn't have his eyes open though. Madness is mr coins 12 months ago in my opinion just starting the xpy investment. O wells. you think i am more stupid than mr coins by one year ? did i invest in gaw crap ? So, that's "stupid" and "deluded" i've been called today already? I like it here!  Its a fair call to be called deluded delude
/dɪˈl(j)uːd/
verb
past tense: deluded; past participle: deluded
make (someone) believe something that is not true.
"too many theorists have deluded the public"
synonyms: mislead, deceive, fool, take in, trick, dupe, hoodwink, double-cross, gull, beguile, lead on; More
For the past tense you believed gaw based on the things they said that were not true. Currently i believe you are being deluded by ionomy. This is based on your comments of you saying "i think they are going to do this". You do not know and i believe the opposite that they are going to do more than they let on. By this reasoning they have you believing things that are not true hence being deluded. Its not an attack its a reference based on the definition of the word. |
|
|
|
The fact that 2,600,000 bounty coins will be put in Masternodes is quite worrying. They will have control of the majority of the network and as o0o0 pointed out will reduce the rewards of other Masternodes and they are playing with customer funds, not their own.
I also agree wth Mr Coins. Masternodes should only be made for the amount of stakers they have to cover as well as any investor that purchases enough to run one. And I will not put garza, scam (unless proven so) or XPY (unless direct correlation) in with my questioning. There will be no excuse for the team to ignore the questions then.
Without some more clear, conscise answers there looks to be bad potential for misuse.
The bounty coins will not be in master nodes - I came across this in Slack. (sorry I don't have a screen shot). ionomy should ONLY run enough master nodes to pay the fixed stake interest on the stakers. The bounty coins should NOT be in master nodes. This is what I expect, nothing less. If the bounty coins are in nodes then the ICO investors are getting screwed and inflated out of their investment. But, i'm pretty sure bounty coins will just sit in a wallet, maybe staking? But not in nodes. So what's the regular stake rate and the masternode stake rate? The math has to add up to 12 million new coins in the first year and there is no POW so someone's gonna stake them. Considering that only ~25% of premine is in customers' hands (sort of, most in the online wallet) it means 9 million on the newly minted coins in the first year will end up in the hands of... whom exactly? The team? Unless customers' nodes will stake at some insane rate (stupid idea by itself) or something else is going on. Edit: sorry, a bit rusty today. So here is the kicker. It doesn't matter if there are 50 or 130 masternodes, right? They get 50% of block reward regardless. https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper#masternodesMasternodes receive fixed rewards (50% of the block reward) which are probabilistically distributed among peer validated masternodes. Masternodes recursively scan peer node performance, and only high performance nodes with sustained, stable, high-speed internet connections are eligible for rewards. In addition to receiving 50% of the block reward, a masternode receives all fees for public transactions completed in a block and for all private transaction pools initiated in the block. Smoke'n'mirrors.  50% of the block reward goes to nodes, the other 50% goes to staking wallets. Ionomy do not get any of this only from their own nodes and staking wallets. This is how I understand it. The number of nodes does matter to those ICO investors that bought enough coins to run a node. They should only be in competition with customer coin shared nodes (stakers) and other node investors. They should not be in competition with bounty coins, dev coins etc Ionomy shouldnt get any from their own nodes as they should have 0 nodes. If they have more than 0 nodes it means they are using the premine. |
|
|
|
Thanks for the reply and the answer. Good to see they will post all the Masternode addresses as well as the bounty wallet. I do hope they keep the bounty coins in cold storage to minimize the risk of a hack.
No problem my friend, Any relevant info that I can get, Ill be sure to share. The way I understand, the bounty coins will all be in one staker staking at the base rate. Im assuming the coins it stakes will continue to build the bounty fund up? So that's a "no" to cold storage? Unless they invented offline staking. 2,600,000 ion from ICO means 130 masternodes off the bat. This means a large percentage so masternode purchasers can expect on startup a minimal return. I don't believe they will run a transparent system that checks and reduces masternodes etc. Its a silly system. Honestly users should withdraw all their ion group and make their own masternodes. Then the ionomy team makes no money off them as being as honest as they are they'd reduce to 0 masternodes right? Honestly its not going to work this project. The team has no risk and all potential is risked on their community constantly pumping money in. Money in has to exceed sales and people by nature want profits as we all want to grow. It hasn't worked the last 4 years in altcoins so it won't work now. I just wish these guys/gals would see it. There are stable gaming cryptos in existence that a community of all of them could promote.. they are proven and can grow as they've hit their low bottom out stabilised points. They'll learn in 12 months tops. As much as i think mr coins is deluded at least he's saying listen to both sides and challenging the ion folk. I still think he doesn't have his eyes open though. Madness is mr coins 12 months ago in my opinion just starting the xpy investment. O wells. |
|
|
|
So you will answer questions or just respond with troll comments? I have a few serious questions or are you not keen on this unless they are praise statements? Im being serious here.
If your question is whether Crypto-city.com will change our set-up to allow for trolls to run rampant? Then the answer is absolutely not. Some trolls has even gone as far as creating smear campaigns because they have an axe to grind with certain members and want Crypto-city to kick them out. We will not. So as far as trolls go, they're not welcomed nor are they needed @ Crypto-city. No my question isn't about your setup or how you administer as whilst i might not agree with the way its run it is not my place other than not to utilise it if i disagree. My question is more about the finra provided information. As per recently and checking the links myself from the official website it stats the info about the fine etc for providing bad financial advice etc. It has a person with the same name as yours and i am wanting you to verify if this is indeed you or not? You can dismiss this as trolling if you like but its an important question as when running businesses these such organisations keep business operators in check. Can you please verify this information? Its a straight forward question that i would appreciate an answer to. You are free to confirm or deny it and provide your side as i am interested. |
|
|
|
? what did i miss did the bitstone tards dox pauls family and send threats? i miss pauls pictures They tried to. To my knowledge the attempt did not succeed because they paid for the dox and got sold a fake but I can see why one wouldn't want to take the risk with idiots like that. Even if it is to protect some unrelated person from getting dead bunnies in the mail. Depends if you like rabbit stew or not i guess I love how the ex gaw investors never denounced the dead rabbits in the mail. They attack the fudders but don't keep their own in check I guess its the only outcome when someone calls your project shit... don't prove them wrong just pay to get their details to threaten them etc hah. When crypto finally gets regulated or at least criminal prosecutions theirs going to be a lot of full jails. |
|
|
|
well king stinky probably just saw an uptick in her website traffic no doubt. and i just got ramp educated. win win... thanx bro! (sorry off topic) patiently waiting for the quote "faggot ganza" (not my words) jail term and ensuing celebration that will inevitably break out here, but not holding my breath congrats on promotion btw. I enjoy your commentary. I do miss the dude on the horse tho. You guys were like the good cop, bad cop thing  TYVM. I have a feeling "the dude on the horse" might be lurking around under a different name and with less artwork. Those BitStone idiots put his family at risk. ? what did i miss did the bitstone tards dox pauls family and send threats? i miss pauls pictures |
|
|
|
Premine isn't the problem you all keep going on about that.
Ok then. THe problem is "TRANSPARENCY" of the "PREMINE". The team makes no statements on how its used, when or any addresses to show people there is no nefarious evil plots. The make generic statements like it'll be used for game development or it'll be used for this or that.
Well untill a blockchain explorer is up you can provide addresses. The statements on what is done with the premine is in the whitepaper they released. I'm waiting for the wallet so i can show you that its all in masternodes. The team is going to milk the masternodes at the start for the big rewards. There is noway in hell they are going to not control the majority of the masternode rewards from the start.
I know for a fact the masternodes will only be based on the coins that Cover the Stakers in the ionomy platform. Also Any coins that make a masternode that was purchased from the ICO. But i see where you are on this. I will be right with you looking to see what happens. But i am sure they are not going to be nefarious. But you never know. How do you know for a fact? Its not in the whitepaper its not on the site so its not common public knowledge. Can you please state how you know these facts? its good they are mining first 2000 blocks good free credits for them or are they going to burn them? Means up to block height 2000 all addresses are theirs thats the great thing about blockchain from this they can't hide with all moves.. we'll know every little amount. But it won't be through them being transparent it'll be the blockchain showing the dirty laundry. |
|
|
|
What exactly are atoms? Are they on a separate blockchain?
Atoms use to be called XPYBiTS and were used to crowd fund the V2 platform. The Atom are only available by bidding on them on the Ionomy platform. Atoms will produce daily Electons at 10 Atoms per 1 Electron. The Electrons can be used on Stakers to double your stake rate. Where does this extra staking power magically come from? I don't understand how a "coin" or "token" not on the blockchain can double the amount of coins you mint. CAN SOMEONE PLEASE EXPLAIN THIS?  I believe they will be putting the staking coins into master nodes and using the return on those to payout to the stakers. So why don't they just encourage users to have their own masternodes to get higher rewards themselves rather than take customers coins to profit? Why did they not just give those with xpy amounts their own masternodes for a year... why don't they give the power and pure profit generation to the customers they charged for ion? I'm changing my stance adam matlack is honestly greedy scum. Wool over your eyes with profits. You do realise that the stakers are just entries on a webpage right... a graphic icon if you will? There is no staker address that locks them... THEY LOCK THEM and don't let access to them. They then take all the small fund amounts people put in stakers and make masternodes themselves and profit again on the coins you purchased from them. Can you all not see this? Can you all not see the problem with it? They do/will encourage users to run their own, they will be releasing documentation after the launch to show you how to run one. Not everyone can afford to run one, so by allowing users to boost their stake rate, they can have master node type returns without the 20000 ions. so because customer funds are pooled and none of those funds are ionomys then why don't they give the users "ALL OF THE REWARD" |
|
|
|
What exactly are atoms? Are they on a separate blockchain?
Atoms use to be called XPYBiTS and were used to crowd fund the V2 platform. The Atom are only available by bidding on them on the Ionomy platform. Atoms will produce daily Electons at 10 Atoms per 1 Electron. The Electrons can be used on Stakers to double your stake rate. Where does this extra staking power magically come from? I don't understand how a "coin" or "token" not on the blockchain can double the amount of coins you mint. CAN SOMEONE PLEASE EXPLAIN THIS? I believe they will be putting the staking coins into master nodes and using the return on those to payout to the stakers. So why don't they just encourage users to have their own masternodes to get higher rewards themselves rather than take customers coins to profit? Why did they not just give those with xpy amounts their own masternodes for a year... why don't they give the power and pure profit generation to the customers they charged for ion? I'm changing my stance adam matlack is honestly greedy scum. Wool over your eyes with profits. You do realise that the stakers are just entries on a webpage right... a graphic icon if you will? There is no staker address that locks them... THEY LOCK THEM and don't let access to them. They then take all the small fund amounts people put in stakers and make masternodes themselves and profit again on the coins you purchased from them. Can you all not see this? Can you all not see the problem with it? |
|
|
|
What exactly are atoms? Are they on a separate blockchain?
Atoms use to be called XPYBiTS and were used to crowd fund the V2 platform. The Atom are only available by bidding on them on the Ionomy platform. Atoms will produce daily Electons at 10 Atoms per 1 Electron. The Electrons can be used on Stakers to double your stake rate. Where does this extra staking power magically come from? I don't understand how a "coin" or "token" not on the blockchain can double the amount of coins you mint. CAN SOMEONE PLEASE EXPLAIN THIS? They lock customers coins in so they can't compete with their sells. They control the vast majority of the masternodes at the start and keep this percent up. They set aside a portion of the masternode rewards to pay customers a pittance which is good for them because by doing this there is no competition with their coins locked in stakers. The extra funds all come from the masternodes. Thats what they don't want to tell you because it shows a bad intention. If it was from a premine then eventually it would disappear the funds they have available. Its classic garza... investors see the bonus but don't question or think from where the bonus has to come. |
|
|
|
I will make a public apology if it all goes up in smoke.
Oh you mean like MrCoins did? At the end of the Paycoin scam he said he was so sorry for being a shill. I wonder how many millions of dollars his shilling cost other people. Overall i trust what the team @ ionomy is doing. (As you know i used to be part of that team but i have other projects i am working on and have no time to help them (So you dont have to take my word)).
Well I guess we're different then. I trust the Bitcoin blockchain, you trust a shady, intransparently premined shitcoin scheme where Atoms and Electrons for hyperstaking are stored off-blockchain. If you think its a bad investment Don't invest.
You bet. MrCoins is his own person what he does does not effect me. I trust bitcoin Blockchain. Its not hard to trust it takes 30 min to send coins via that. What is wrong with premine. Your mad cause you can put hardware to it? Who cares about hardware mining. If you like it do it. When the coin launches and you can track every single premine coin on the blockchain and it does exactly what it should do in the right manner. What will you have to say. So far i have put my trust into them for over a year they have provide great products and done some amazing things. And lost fights that well had almost no odds of winning. But they Tried. I have seen companies Try in bitcoin it self and Fail get called a scam and what not. And it somewhat tarnished the bitcoin name. But The BTCTARDS Still love it and still push on. I am a BTCTARD or i would not be here. But overall i will see ion threw. It might work it might not. That is the risk i am taking. Since you are not going to invest. Why should people listen to you. Premine isn't the problem you all keep going on about that. THe problem is "TRANSPARENCY" of the "PREMINE". The team makes no statements on how its used, when or any addresses to show people there is no nefarious evil plots. The make generic statements like it'll be used for game development or it'll be used for this or that. I'm waiting for the wallet so i can show you that its all in masternodes. The team is going to milk the masternodes at the start for the big rewards. There is noway in hell they are going to not control the majority of the masternode rewards from the start. |
|
|
|
What exactly are atoms? Are they on a separate blockchain?
Atoms use to be called XPYBiTS and were used to crowd fund the V2 platform. The Atom are only available by bidding on them on the Ionomy platform. Atoms will produce daily Electons at 10 Atoms per 1 Electron. The Electrons can be used on Stakers to double your stake rate. So am I assuming correctly that Atoms and Electrons do not have a blockchain? They are a promise for getting more IONs at a later time, so they are a security, yes? Incorrect. They are an "unregistered" security. |
|
|
|
A poster on the Unobtanium thread says he's been in touch with an attorney working with the Cryptsy Court Receiver. He says a former Cryptsy IT employee has given them access to the wallet servers, but Paul Vernon wiped the database servers on April 4. If they can't restore the database from backups they might not be able to determine user balances. Besides the Unobtanium at Bittrex he says they recovered $20K or more of valuable altcoin wallets at Cryptsy, and control of the Cryptsy Ethereum wallet.
Since the Cryptsy UNO wallet was stolen by Paul Vernon and transferred to Bittrex, I've been in touch with an attorney working with the Cryptsy Court Receiver.
*snip*
I spoke today with the attorney for the Court Receiver, who updated me on the status of the UNO wallet:
They are working to gain control of the stolen UNO funds from Bittrex.
*snip*
A couple of notes I took from the call:
They are now working with a former Cryptsy IT employee who has given them access to the wallet servers.
Paul Vernon wiped the database servers on April 4, which means there is a chance they may be unable to determine user balances.
The former Cryptsy IT person was able to restore some backups, and he is trying to recover the databases.
The Cryptsy Ethereum wallet has been recovered.
Some other valuable altcoin wallets (worth $20K or more) have also been recovered (no coins were specifically mentioned).
*snip*
I wonder how they know paul wiped the database servers? If they can prove that then he dug his hole deeper. Paul is pure scum |
|
|
|
Almost a month later and the price still going down and no dev change. Bittrex shows the 1 holder in exchange at 26 million and not moving to their wallet to stake. Maybe the seller wasn't a clown? Maybe a smart profiter and those bag holding are the clowns? Based on the lack of updates and progress i think based on my comms in the cryptsy chat box my constant sells were a smart thing... thoughts, dev.... direction? |
|
|
|
Once again as Franz_shit for brains said
You really don't get it, do you? My point was that I think it's idiotic of you to write "I should have invested in DMD", when DMD is just another useless shitcoin with a total marketcap of half a million dollars. You shitcoiners are such a sad bunch of people. All you'd really have to do is buy a few BTC and be patient for 20 years. But no, you think you have to daytrade useless crap like XPY, DMD and ION and sell that useless crap to other idiots. It's ridiculous. Bitcoin is fine. It's secure, it's succesful, it's changing the world. You don't need all that other crap. But you know what, have fun shitcoining, have fun with XPY, ION, DMD and all the other scams and ponzi schemes you fall for. Just don't drag other people into them.
At least it had the balls to state its motives of not giving a shit about alt coins whereas you guys just keep posting crap
Today it's Gravity.... all based on a screenshot.... basically whatever ION say or do you want to destroy them..
What's the topic for tomorrow
ok i get what you say on franz. Are you saying that gravity is going to be awesome? You pay people out on criticism but you are criticising a person so i assume you are thinking gravity is going to make it big? Can you confirm that you are pro gravity and without this 1 forum condemning it it'll be big? PS whats your real forum account its clear you're hiding |
|
|
|
|
Show Posts
