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Author Topic: RAWX altcoin exchange (former mcxNOW) | LAUNCHED ON AUGUST 7  (Read 25374 times)
enlightened (OP)
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May 17, 2016, 06:58:29 PM
 #61

I understand your anger very well and I won't defend RS here.

But I want to point out that I wouldn't call that a hack of the exchange.
First of all, only one altcoin was affected. Secondly, there was no bug in the exchange code. The problem was an incorrect handling of the fork and running the node.

What's important is that I will be the new operator and the only thing I will continue to use is the backend. Not the frontend, not the choice of altcoins and not the way of operating the exchange.

Awesome to hear. Looking forward to seeing it in action! Can you also shed some light on how the FEEs will work? Like will it be the same as before, paying the appropriate portion of ALL coins every 6h, or how is it being changed?

It will pretty much stay the same. On the old exchange 75% were emitted to FEE holders and 25% were paid out as interest. Maybe the percentage of fees to go into interest will be reduced. But we will see about that.
However all coin pairs will generate fees that FEE holders will benefit from. Whether payout will happen every 6 hours or more frequently is yet to be decided.
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gielbier
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May 17, 2016, 07:27:32 PM
 #62

To put this simply, it was possible to deposit v1.7 DOGE (mined at like 3 difficulty) onto mcxNOW, and then withdraw v1.8 DOGE (i.e. the "real" DOGE mcxNOW owned).

Essentially the entire mcxNOW valid DOGE balance was withdrawn, it wasn't just a case of lots of fake DOGE appearing and being dumped for BTC - the valid DOGE the exchange owned were actually withdrawn too.

This is a little known fact that RS tried very hard never mention - the valid DOGE balance was also withdrawn.

you and pod did that aswell. What was that dudes name again ? hero something right?

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prospecta
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May 17, 2016, 07:46:30 PM
 #63

I understand your anger very well and I won't defend RS here.

But I want to point out that I wouldn't call that a hack of the exchange.
First of all, only one altcoin was affected. Secondly, there was no bug in the exchange code. The problem was an incorrect handling of the fork and running the node.

What's important is that I will be the new operator and the only thing I will continue to use is the backend. Not the frontend, not the choice of altcoins and not the way of operating the exchange.

What's important is you've already lied by stating mcxNOW closed down on good terms, you clearly tried to gloss over the fact that mcxNOW closed down due to lost funds - whether you want to call it a "hack" or not barely matters.

I have no anger, profits withdrawn from mcxNOW over the years bought me a house Cool - I'm just more interested in people knowing the truth of course (plus I do love the lols).

Could you not argue there indeed was a serious exchange code flaw...I mean I'm no coding loser but doesn't the QT broadcast messages that can be used to halt trading?

As for the "only one coin therefore not a hack" comment...I mean wtf...so when BTER lost all that NXT it wasn't a hack? lolwut

After I am done with you, you will be banned from ever being on the internet again or even owning a PC
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May 17, 2016, 08:21:31 PM
 #64

I understand your anger very well and I won't defend RS here.

But I want to point out that I wouldn't call that a hack of the exchange.
First of all, only one altcoin was affected. Secondly, there was no bug in the exchange code. The problem was an incorrect handling of the fork and running the node.

What's important is that I will be the new operator and the only thing I will continue to use is the backend. Not the frontend, not the choice of altcoins and not the way of operating the exchange.

What's important is you've already lied by stating mcxNOW closed down on good terms, you clearly tried to gloss over the fact that mcxNOW closed down due to lost funds - whether you want to call it a "hack" or not barely matters.

I have no anger, profits withdrawn from mcxNOW over the years bought me a house Cool - I'm just more interested in people knowing the truth of course (plus I do love the lols).

Could you not argue there indeed was a serious exchange code flaw...I mean I'm no coding loser but doesn't the QT broadcast messages that can be used to halt trading?

As for the "only one coin therefore not a hack" comment...I mean wtf...so when BTER lost all that NXT it wasn't a hack? lolwut

I do not really care for the past as long as it does not influence the future too hard but for me a hack is actively modifying the behaviour of a system. New to me is that mcxnow had wallet nodes on the 1.8 chain running.
If so the 1.8 hardfork influenced the the wallets exchange backend unintenionally which is no hack. If this has been the case I call it a design flaw of the exchange backend since it trusted the wallet node too much.
However, if I hardfork a coin which I maintain I would make really sure that all system relevant entities have moved to the new chain before I broadcast the magic message to the network to invalidate the old chain.
did doge had such mechanics on the 1.7 chain or has it them even on the current?
if not this is what you have to expect from almost any copyclones you invest into in the cryptoscene today.
 

enlightened (OP)
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May 18, 2016, 09:04:28 AM
 #65

What's important is you've already lied by stating mcxNOW closed down on good terms, you clearly tried to gloss over the fact that mcxNOW closed down due to lost funds - whether you want to call it a "hack" or not barely matters.

Please don't call me a liar. We clearly have a different view on some issues but that doesn't justify you accusing me of lying.
Maybe you have noticed that I never get personal here and even if that might be unusual in this forum I would very much appreciate if you could behave similarly.

Please acknowledge the fact that I was not responsible for any of the actions you mentioned and that there was no bug in the backend. That is all that matters for the future users of RAWX, because the backend is all that will be reused.
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May 18, 2016, 08:49:33 PM
 #66

Please don't call me a liar. We clearly have a different view on some issues but that doesn't justify you accusing me of lying.
Maybe you have noticed that I never get personal here and even if that might be unusual in this forum I would very much appreciate if you could behave similarly.

Please acknowledge the fact that I was not responsible for any of the actions you mentioned and that there was no bug in the backend. That is all that matters for the future users of RAWX, because the backend is all that will be reused.

YOU ARE A LIAR!!!

This "backend only" crap is bullshit too.  You're migrating mcxFEE over so there's clearly more going on here than just a quick code purchase, lucky for you crypto people as a whole aren't too smart so you and your silent partner RS can scam a whole new batch of noobs.  

My bet is once you're up and running you'll do a fresh market dump of those shitty mcxFEE or whatever you rebrand them as.  You will hold like 90% of the supply and do your best to entice a fresh new batch of people to unload that garbage on.  I also predict many many promises that will never come to fruition on your wasteland of an exchange.

After I am done with you, you will be banned from ever being on the internet again or even owning a PC
enlightened (OP)
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May 19, 2016, 11:44:10 AM
 #67

My post seems to have hit a nerve.

There are two great things about your latest post (from my standpoint):

1) I was already proved right about what I said in my previous post about you getting personal. I don't think that the smart people you wrongly believe on your side will be impressed by a big red font. So I can only hope that people are as smart as you say.
2) You will be proven wrong about the dump because I don't intend to sell any of my FEEs. And that is because I believe in the exchange and put a lot of work in it.

I know that many people have been scammed. But I have never scammed anyone.

But well, I went through that process once already: slowly earning trust.
And I am willing to go through that process again.
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May 19, 2016, 06:41:03 PM
 #68

My post seems to have hit a nerve.

There are two great things about your latest post (from my standpoint):

1) I was already proved right about what I said in my previous post about you getting personal. I don't think that the smart people you wrongly believe on your side will be impressed by a big red font. So I can only hope that people are as smart as you say.
2) You will be proven wrong about the dump because I don't intend to sell any of my FEEs. And that is because I believe in the exchange and put a lot of work in it.

I know that many people have been scammed. But I have never scammed anyone.

But well, I went through that process once already: slowly earning trust.
And I am willing to go through that process again.

I notice you are again steering away from valid points in order to just be a slippery weasel, very RS of you.

You are migrating mcxFEE, to try to claim this is a engine and backend only transfer is total bullshit and you are proving yourself to be a liar yet again.

The red text is funny OK.

How can you earn trust when all you've done so far is lie.  Shame on you.

After I am done with you, you will be banned from ever being on the internet again or even owning a PC
enlightened (OP)
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May 19, 2016, 08:02:11 PM
 #69

You are migrating mcxFEE, to try to claim this is a engine and backend only transfer is total bullshit and you are proving yourself to be a liar yet again.
How does the fact I am going to migrate the FEEs support your claim that I am planning a huge dump? I can't see the logic here, sorry.

All you are doing is saying that I am a liar. OK, well that doesn't add much value to this conversation as long as you can't give a proof in any way. Just don't mistake a different view on something as a lie.

But again, you will be proven wrong about that dump. Am I then allowed to call you a liar as well? Actually you are even doing me a favor by warning about a potential dump, because that would allow me to buy back cheap fees.

To end this: all I can say is I have an absolutely clean record since 2011 and no one ever could rightfully call me a liar so far.
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May 19, 2016, 09:49:50 PM
 #70

How does the fact I am going to migrate the FEEs support your claim that I am planning a huge dump? I can't see the logic here, sorry.

All you are doing is saying that I am a liar. OK, well that doesn't add much value to this conversation as long as you can't give a proof in any way. Just don't mistake a different view on something as a lie.

But again, you will be proven wrong about that dump. Am I then allowed to call you a liar as well? Actually you are even doing me a favor by warning about a potential dump, because that would allow me to buy back cheap fees.

To end this: all I can say is I have an absolutely clean record since 2011 and no one ever could rightfully call me a liar so far.

Maybe you need to re-read the posts and enlighten yourself.

1) I'm calling you a liar for saying that mcxNOW closed on good terms and without loss of funds.

1) I'm calling you a liar for saying this is just a simple code re-use of the old mcxNOW, when it is clearly so much more considering you're migrating mcxFEE.

You have a basically non existent record since 2011, you're another ghost.

Even your trust rating says you're a liar now  Grin

After I am done with you, you will be banned from ever being on the internet again or even owning a PC
enlightened (OP)
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May 19, 2016, 09:56:37 PM
 #71

I was talking about the "dump" you predicted. But I think we have reached an impasse here. Let the future enlighten us all! The future is what matters, right? Wink


Speaking of future...

PREVIEW UPDATE: Thanks to iwillbuyall there is now a dark theme! I attached some screenshots below. He also made some good suggestions regarding UI design, many thanks for that as well!

https://rawx.io/screenshots.html

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May 19, 2016, 10:12:05 PM
 #72

So you're just going to ignore the fact this is not just a code re-use and is much, much more?

Classic diversion there, RS has taught you well.

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May 19, 2016, 10:14:15 PM
 #73

Best of luck to you. I'll take a look when it's up. I did some trading there it was fast and simple to use.

The closing  reopening and closing was painful. I lost money on fees. I think you are overly polite on why the exchange close but not wrong.

the chat room was informative not a lot of trolling.

Merge mine BLC+PHO+ELT+XDQ+BBTC+UMO+LIT pool is open http://la1.blakecoin.com tips: 1MogRiTHpQZ7bkpq49cSVWADrTt7Jrghp
enlightened (OP)
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May 19, 2016, 10:21:57 PM
 #74

So you're just going to ignore the fact this is not just a code re-use and is much, much more?

Classic diversion there, RS has taught you well.

I can barely ignore something which doesn't exist, can I? Or is it even the only thing I can do? I don't know.

But as it appears to me I am sure you believe that you have made your point clearly and convincingly. So let the dear readers decide I would suggest.

Best of luck to you. I'll take a look when it's up. I did some trading there it was fast and simple to use.

The closing  reopening and closing was painful. I lost money on fees. I think you are overly polite on why the exchange close but not wrong.

the chat room was informative not a lot of trolling.

Thank you very much. I am sorry you lost money on fees, but new game new luck Wink

I am looking forward to opening soon as well  Smiley
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May 21, 2016, 03:19:44 AM
 #75

I am still not sure RS is not involved in this but prospecta, you're going over line there. You don't know he is too and it's fair to give enlightened a chance.

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gielbier
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May 21, 2016, 06:52:29 PM
 #76

the chat room was informative not a lot of trolling.
Yeah ppl knew stuff. even prossy was informative then and not ranting that much. /me runs

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May 21, 2016, 09:27:57 PM
 #77

Theres no money to be made here it will be a ghost town, may as well burn it down with truth.

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May 23, 2016, 06:59:36 PM
 #78


Yeah agree, prospeca definitely went too far. He always was a little bit over the edge.
I never took him to serious more entertaining. You should do the same Julian  Wink
Wondering where the hard feelings are coming from? Prospecta made shitloads of profits back then...
so shouldn't you be happy to rip of some fresh noobs?  Cheesy

Either way some points he claimed are valid. No credible admin/developer runs a exchange as 'hobby' project!
One becomes really afraid reading this. Keeping cash from other people isn't a 'hobby'.
Especially with all these exchanges going up in flames the last years.

What are your plans for the future and will you support the exchange even if it will only make minor profits at the start?
Backgrounds is this constantly opening, closing and reopening of the exchange pissed off a lot of users.
How will you handle this in the future?

I really had a lot of fun on the exchange (lots of drama). I am looking forward to the reopening and success.

Keep up the good work !
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May 24, 2016, 06:58:14 PM
 #79

Either way some points he claimed are valid. No credible admin/developer runs a exchange as 'hobby' project!
One becomes really afraid reading this. Keeping cash from other people isn't a 'hobby'.
Especially with all these exchanges going up in flames the last years.

Maybe I have to explain this a bit further.
I was 20 years old and studying computer science at that time. It being a hobby doesn't mean you do it less carefully, at least not for me.
It was a very small and exotic exchange anyway offering only one trade pair. I regarded it as my contribution to the Solidcoin currency project for which not many exchanges existed.
I want to add that all this was 5 years ago. Not many professional services existed and nearly no one earned their living from crypto currency services. Furthermore, the legal status of Bitcoins was completely unclear in Germany back then.

One more thing: I closed the exchange for a reason: because I knew that I wouldn't be able to adequately continue running a service like that, so I decided to close it.
Now, with all the experience I collected it will be a very different story.

So no need to be afraid at all Wink

What are your plans for the future and will you support the exchange even if it will only make minor profits at the start?
Backgrounds is this constantly opening, closing and reopening of the exchange pissed off a lot of users.
How will you handle this in the future?

I really had a lot of fun on the exchange (lots of drama). I am looking forward to the reopening and success.

Keep up the good work !

Thanks for the encouraging words.

I invest a lot of time in developing the exchange, so I will certainly not close it any time soon.
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May 25, 2016, 02:48:29 AM
 #80

oh yeah, I haven't figured it out. Prospecta is prospector Cheesy

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       +4,000      
PROVABLY FAIR
GAMES
   $500,000  
MONTHLY
PRIZE POOL
      $10,000     
BLACKJACK
GIVEAWAY
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