[ANN][NYC] NEW YORK COIN at 2017 MACY'S THANKSGIVING DAY PARADE IN NYC!

[scryptenthusiast]

Lol. Bitcointalk forum sleuths. Classic!

The facts are simple: "Community" dev team came onboard Jan 2018. They performed an exhaustive code audit. Searching for "fees". They swore up and down that NYC wasn't actually free. Then they back-peddled and admitted it was a free worldwide money transfer system. Then days before implementing a repeatedly delayed NYC hard-fork, with "all eyes on deck", a nefarious "Community" member(s) uploaded malware infected wallets to github which enabled NYC's first and only successful 51% attack. Subsequently NYC was booted from numerous exchanges including Yobit (responsible for 98-99% of NYC daily trading volume pre-attack). Then some "Community" members had the audacity to try and cast blame towards me for the attack. But that didn't fly since I never had access to compromised github account. Since "Community" contributions, NYC value has continued to decline. Now sitting at mid-2017 price levels. In the end, NYC has updated code and wallets but no real exchanges trading NYC. Hopefully, for NYC's faithful hodlers, that final piece to the puzzle will be remedied soon...

P.S. Under my watch, Yobit! added NYC trading, Coinomi mobile wallet (the real game-changer) integrated NYC, retail establishments in New York City began accepting NYC as payment and the price hit an all-time high of $0.0012 (100 TIMES current price) in Jan 2018. Let's see what price NYC goes to under the leadership of "Community"...

[1715111734]

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[1715111734]

1715111734

[moonshot9900]

P.S. Under my watch, Yobit! added NYC trading ... and the price hit an all-time high of $0.0012 (100 TIMES current price) in Jan 2018.

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?

[moonshot9900]

P.S. Under my watch, Yobit! added NYC trading ... and the price hit an all-time high of $0.0012 (100 TIMES current price) in Jan 2018.

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?

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:

The following links are for current & former NYC websites/accounts unrelated to the official Community Development Team, we urge coin holders not to use these links as reliable sources for news and updates from the official team:
https://newyorkcoin.net
https://nycoin.net
https://twitter.com/NewYorkCoinNYC
https://www.facebook.com/NewYorkCoin/
https://www.reddit.com/r/NewYorkCoin/
https://bitcointalk.org/index.php?topic=2016963.0
https://bitcointalk.org/index.php?topic=520400.0
http://newyorkco.in

[scryptenthusiast]

Nothing constructive:

1. Mined NYC and supported network before newbies even grasped the potential of Bitcoin

2. Created NYC website after Dev disappeared to keep coin info accurate and updated

3. Got NYC added to CoinMarketCap

4. Promoted useful benefits of NYC code before newbies even grasped the potential of Bitcoin

5. Organized worldwide, loyal miners to keep network alive

6. Got NYC added to Yobit! Exchange

7. Got NYC integrated onto Coinomi platform

8. Organized initial retail acceptance of NYC

If we all contributed as much to NYC's success, the market value would be in the Billions. Instead we received a hostile takeover, successful 51% attack and no trading volume. Was the last sentence YOUR contribution?...

and a new logo!

[moonshot9900]

Lol. Bitcointalk forum sleuths. Classic!

They swore up and down that NYC wasn't actually free. Then they back-peddled and admitted it was a free worldwide money transfer system.

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:

Personally I have one question about NewYorkCoin, which I hope you can
answer. Do I understand correctly that there are no fees for sending
transactions? If so, what would stop a dust attack?

-- pooler

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.

[scryptenthusiast]

A security mechanism -vs- a fee

Is this James Burrell I have the pleasure of trolling with tonight...

[moonshot9900]

Instead we received a hostile takeover, successful 51% attack and no trading volume.

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.

[scryptenthusiast]

Disinformation, misinformation and mental illness diagnosis. I can assure you this: Nobody received 7B NYC from me. Unfortunately, I never had that much to donate. Glad the "Community" picked up some cheapies. Now they all have much more of a vested interest to see NYC succeed. In the end, that's what all hodler's want. And in the end, you can't rewrite history or my contributions and unwavering support for NYC. It's memorialized for all to always research and discover. I am the original miner, supporter and pioneer of NYC. You're a johnny-come-lately noob.

[moonshot9900]

Nobody received 7B NYC from me ... You're a johnny-come-lately noob.

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

[scryptenthusiast]

Catch and Release only. You know the rules.

[readytorumble]

Charlie or any other mods; what are the future plans for this coin? Are you attending anymore conventions?

[Jason9908]

Compared to BTC, LTC, Eth, NYC transfer fees are negligible. NYC is free compared to the bank system.
NYC has been alive and has been relying on community efforts， Among them, the efforts of scryptenthusiast are obvious to all.
thanks scryptenthusiast.
In 2019, NYC is strong again, and the community is working together. I believe that in 2020, NYC will be more than January 2018.

--I am the original miner, supporter and pioneer of NYC.

[Jason9908]

LOVE NYC FOREVER

[scryptenthusiast]

Jason9908 and hobbyist are original NYC miners and supporters since early 2014. I wish we still had contact with CoinsProfit (Vladimir). He helped with block explorers and mining pools in NYC's infancy. Hopefully our comrad is doing well.

[JORKpr]

I have a direct connection with Volodya.
 What to pass, specifically.

  P.S. And three footballs with delivery to the Russian Federation for coins NYC right now I will buy to grandchildren.
The very founder of the coin. And myself. Total 4 pcs. I'm serious.


T-shirts take! And myself and help the community.
Wallet number. Immediately. This is both PR and community. Ready And sizes. My max. Plus one to granddaughter, one to grandson. Plus max wife.

[scryptenthusiast]

NYC LOVES YOBIT!



https://newyorkcoin.net

[scryptenthusiast]

Bitcoin New York https://newyorkcoin.net

[dzonikg28]

Compared to BTC, LTC, Eth, NYC transfer fees are negligible. NYC is free compared to the bank system.
NYC has been alive and has been relying on community efforts， Among them, the efforts of scryptenthusiast are obvious to all.
thanks scryptenthusiast.
In 2019, NYC is strong again, and the community is working together. I believe that in 2020, NYC will be more than January 2018.

--I am the original miner, supporter and pioneer of NYC.

So how do I transfer a million dollars worth of NYC coin from A to B while preserving that value and turning it back into dollars? While transaction fees might be low, the liquidity premium will be off the charts and hence make it more expensive than using the coins you mentioned.

[scryptenthusiast]

At this moment in time, your argument is valid. For the simple reason that NYC is currently illiquid. Yobit provided some liquidity last year ($30,000+/day). Real liquidity will come with even larger exchanges. Then "low fee" which is actually FREE will matter. Why pay a fee (and part with anymore crypto than you need to). "Pay" or "Free" for the same service. A no-brainer. Faster, more sustainable and cool name too!

[STT]

So how do I transfer a million dollars worth of NYC coin from A to B while preserving that value and turning it back into dollars? While transaction fees might be low, the liquidity premium will be off the charts and hence make it more expensive than using the coins you mentioned.

Thats a fair point, I get 0% forex fees offered to me all the time but I immediately have to go check their bid offer spread competitiveness because this is where the costs are mostly contained and what will eventually cost me in sum total, possibly even more then that fee might.    The low fee part is always useful for the poor peeps who arent transferring much and so dont mind the % costs involved quite as badly as the fixed fee would charge them.  
   My personal take for the whole of crypto is the greatest success is going to come from addressing solving the problems of the common people, the people who have least but greatest need for crypto as useful and secure way to transact value; they in turn if finding value will return growth and stability by providing this liquidity to the blockchain that enables them.   Thats how I hope crypto progresses and somehow does the impossible climb that the larger finance bodies believe it cannot.  Costs and value returned stands as a common problem across the whole currency spectrum, I have to constantly consider this when pricing anything globally and its not especially a criticism of nyc.