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Author Topic: [ANN] [ICO] BITBASE Escrow Technology Changing Smart Contracts as Whole  (Read 102533 times)
Filmmmakerr
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November 06, 2017, 10:46:46 AM
 #1901

Investors stay focused.

Thank you for the update. Can you PLEASE assure all the investors who bought on CoinExchange that their coins WILL be fully valid towards swapping for the new ones?!

Also, please address the wallet malware/trojan issue -- these are the two biggest questions Ive seen all over here and twitter and FB -- thank you and let us all prosper together honestly.

There is no trojan this is normal for all QT-Wallets exe.. BTBc that has been traded on coinexchange will be a bonus. The new coin and website will be restored back to tokens. There will be no token sales what so ever. All cashouts that are pending will also be reversed restored.

Regards
Admin

So you will be doing a token swap with the coins purchased and stored on coinexchange??? 1-1 swap?

only 5% btbc left the system into coinexchange. Other coins got lost during transition and will be restored. Those who purchased BTBc on coinexchange many are not members but  we will be willing to accept 10% of total of BTBc for the new coin token.

Yakov you're not being clear here, are you saying you wanna do a 10/1 coin swap?? Why not 5/1 or even less? Some people bought the coin at the same price as the ICO on coinexchange. Please answer this. Thanks.

Dude, according to your logic People go now to CE - buy thousends of coins for 2 Cent and then get a 1:1 swap? That would be sick.

The PRE of bitbase started at .02 so what are you talking about?

I, like so many others, went to CoinEx and decided to support and invest in this project at the current market rate. If someone on CE bought at 30K sats or 300, they each invested with the belief they were buying a coin that was worth exactly what they paid -- not 1/10. No one goes to an exchange and pays 10x more than the current ask. That is why a 1:1 swap is the only fair solution.

This is the problem, a lot of people are buying the coin at .02 sure, but a lot of other people bought the coin at .33-$1 even $5 how can you tell them to give you 10 of there coins that they bought for $10-$50 for one of the new ones?

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quaxxii
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November 06, 2017, 10:50:09 AM
 #1902

I dont understand the logic behind this approximate 10% rule of you, Yakov. Are you able to think things through please, before you make random announcements in the channel?

# You are about to burn all the investors who tried to stop the price from falling on exchange.io

Just checkout the price history, there were people even buying at 1-5 dollars.

So you gonna tell them right now that they bought BTBc tokens for 4 dollars and they will be able to exchange only 10% of it to a token that will assumingly priced at 50 cents in average?

I recommend to you to think this through carefully. The same goes for all the other "ICO investors" who agree with him.

The BTBc price tanked hard and many people got out with a heavy loss. Their places were filled by people who took the risk of entering early in a coin that is said to be a SCAM project.

People could enter on coinexchange now and get the coins cheap, yesm but they also take the risk that you Yakov, a little bit like Julius Caesar Admin, come up with a random thumb up or down regulation for these token holders. If the coins that left the exchange are only 5%, its no big deal to offer them a coin swap for a more fair price. At least 50% of what they have paid looks like a compromise for the investors as well as for those who bought the tokens on the exchange for a high price.

This is the fucking market, so be fair and stop this constant experimental rule changes.
boederzeng
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November 06, 2017, 10:57:02 AM
 #1903

The majority of People bought during the ico - as yakov said only 5% of btbc are on coinexchange. The ICO was specially towards the end not sold out - it is only a bare Minimum of People who bought high at $4 or similiar. Main concern should be ICO buyers as they put their trust in the project and are the majority of coin holders.
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November 06, 2017, 11:02:59 AM
 #1904

The majority of People bought during the ico - as yakov said only 5% of btbc are on coinexchange. The ICO was specially towards the end not sold out - it is only a bare Minimum of People who bought high at $4 or similiar. Main concern should be ICO buyers as they put their trust in the project and are the majority of coin holders -  Coinexchange is open market in the end.

Its not the users responsibility in the first place that those kind of measures are even necessary after messing up the product launch so hard. Not only did technical flaws occur (which can happen in ICOs), he also made random decisions and rare community updates, which is under his full control. Have you ever thought that these 5% of investors who were able to leave the platform to sell on coinexchange are getting their platform coins refunded by Yakov? He said he is going to do a rollback from all the funds. This is a mistake.

Think about it. If those people who sold their tokens from the ICO (which is 5%) are replaced by the people who bought these tokens from coinexchange, the total amount of tokens remains the same. So ICO investors are not even affected, because the total supply remains the same.

The way he is planning to do things is, he is giving the luckers who sold their tokens from the ICO right away even additional tokens in their wallets and he is burning those who actually bought these BTBc tokens from these luckers.

Sounds fair to me. Not.
VegasMoon
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November 06, 2017, 11:04:07 AM
 #1905

Yakov 100% admitted to releasing the source code and then someone decided to be fraudulent with it. It makes absolutely no sense to punish an innocent investor for that! An ICO investor may not be thrilled that someone else bought for a lesser price than he did (although it was not lower than the PRE), but surely any investor would object to losing 90% of their coins! Again, no one bought on CE lower than the Pre- and many bought at levels above $1 and everywhere in between -- that is why 1:1 is the ONLY fair solution. No investor loses his purchase. Anything else would be considered theft by Bitbase -- Im sure thats not your intention! Do what is honest and allows for everyones future success -- 1:1. Bless.
iamrichh
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November 06, 2017, 11:04:30 AM
 #1906

But i bought at 0.85
10:1 seems unfair to me
bigbrotherbit
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November 06, 2017, 11:08:48 AM
 #1907

I do not care about how many opinions has appeared ,
in essence, I just ask to the Dev that NOT to make this project a SCAMM.
whatever happens, bitbase must to keep going on.
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November 06, 2017, 11:11:12 AM
 #1908

I dont understand the logic behind this approximate 10% rule of you, Yakov. Are you able to think things through please, before you make random announcements in the channel?

# You are about to burn all the investors who tried to stop the price from falling on exchange.io

Just checkout the price history, there were people even buying at 1-5 dollars.

So you gonna tell them right now that they bought BTBc tokens for 4 dollars and they will be able to exchange only 10% of it to a token that will assumingly priced at 50 cents in average?

I recommend to you to think this through carefully. The same goes for all the other "ICO investors" who agree with him.

The BTBc price tanked hard and many people got out with a heavy loss. Their places were filled by people who took the risk of entering early in a coin that is said to be a SCAM project.

People could enter on coinexchange now and get the coins cheap, yesm but they also take the risk that you Yakov, a little bit like Julius Caesar Admin, come up with a random thumb up or down regulation for these token holders. If the coins that left the exchange are only 5%, its no big deal to offer them a coin swap for a more fair price. At least 50% of what they have paid looks like a compromise for the investors as well as for those who bought the tokens on the exchange for a high price.

This is the fucking market, so be fair and stop this constant experimental rule changes.

fully agreed 100%
quaxxii
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November 06, 2017, 11:13:01 AM
 #1909

Yakov 100% admitted to releasing the source code and then someone decided to be fraudulent with it. It makes absolutely no sense to punish an innocent investor for that!

At the end of the day his constant mistakes and decisions without aligning with his community burned everyone in this ICO, because he has lost the trust not only from the exchange traders, but also the ICO participants. However, if he wants to fix it he has to come up with a fair solution.
cryptoeranow
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November 06, 2017, 11:14:26 AM
 #1910

Make it 1:1 then a fair deal
windydagreat
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November 06, 2017, 11:16:41 AM
 #1911

Yakov asshole returned and try to scam more people lol  Cheesy
Update: Over 122 person accuse this toxic scamming project scammed and stolen their money here:
https://www.change.org/p/bitbase-io-yakov-bitbase-io-is-a-scam-project-we-want-them-give-us-50-btb-back-reclaim-justice-for-user/nftexp/ex16/v5/825761212?recruiter=825761212&utm_source=share_petition&utm_medium=facebook&utm_campaign=share_for_starters_page&utm_content=ex16%3Av5

There are too much those ass-lickers scamming here Shocked. They used too much liars word for this toxic scamming project like believe, give them a chance, go to the moon again, ICO again. How about SCAMMING AGAIN? HA Cheesy. Who know they are not trying to scam on you again? Grin.


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boederzeng
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November 06, 2017, 11:17:18 AM
 #1912

Make it 1:1 then a fair deal

Example:

People spend $1000 in ICO at $1 to get 1000 Token/Coins

People go now to Coinexchange to spent $1000 and get 33333 Coins

Now These People can swap those 33333 1:1 to new coin. This is fair to you?
gtp425
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November 06, 2017, 11:21:13 AM
 #1913

Make it 1:1 then a fair deal

Fair for me, who bought ICO at $1?
Dirty coins are the coins on Coinexchange. Deal with that.
Jarx
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November 06, 2017, 11:23:41 AM
 #1914

The technology of smart contracts assumes that if ICO does not collect softcap, the money is automatically returned to users. Then what's new in this proposal?
quaxxii
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November 06, 2017, 11:25:42 AM
 #1915

A guys, for those of you who missed it, checkout the screenshot that he posted to proof that he tried to contact the Yobit admins. He also left a comment in the Trollbox on the right.

https://screenshots.firefox.com/wX7U2VA6GeD8fhAo/yobit.net

To quote him:

"Yobit you mother fuckers steal my source code and 0.5 BTC was it you mined and started dumping BTBc on coinexchange. I accidentally sent the full source with 0.5 BTC not a single reply. Nice one for destroying BTBc. You destroyed my reputation i will destroy yours soon"

Dear Yakov, there is a saying. Always treat others how you want to be treated in return!

- You destroyed your reputation by yourself, because you left the community in the dark, the same way Yobit didnt reply to YOU!
- You have sent them 0.5 BTC and they ran away with the money, the same way YOU are not offering a propper compensation for those who invested on coinexchange for a higher price
- You tell them they are mother fuckers, and in the same run you are handling a multi million dollar ICO with the aim of wanting the community respect you

Please come up with something propper, I dont see a difference in you and Yobit right now. Please come up with something fair to proof that you are better.  
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November 06, 2017, 11:27:34 AM
 #1916

Hey, Yakov

I just withdraw some from bitbase.io and move to CE, but didn't trade at all.
Then, even if I just return it to bitbase.io or wallet, my withdrawal becomes 1/10 ??
It's not fair for me. All I did is just move. Should be helped, please.
quaxxii
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November 06, 2017, 11:31:42 AM
 #1917

Make it 1:1 then a fair deal

Example:

People spend $1000 in ICO at 1$ to get 1000 Token/Coins

People go now to Coinexchange to spent $1000 and get 33333 Coins

Now These People can swap those 33333 1:1 to new coin. This is fair to you?

Example:

People spend $1000 in ICO at 1$ and get 1000 Token/Coins.

People went to Coinexchange and spent these 1000 Tokens to receive 6000 Dollars.

Now these people who spent them receive new tokens worth $1000 Dollars PLUS they have 6000 Dollars in their pocket because they sold their BTBc.

Is this fair to you?

If you consider it unfair, go to Coinexchange now, buy a shitload of BTBc and be one of those who take the risk that these BTBc remain worthless. This is the price of the game. HIGH RISK, HIGH REWARD. You seem to be a LOW RISK guy, so you deserve LOW REWARD.
gtp425
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November 06, 2017, 11:35:49 AM
 #1918

Make it 1:1 then a fair deal

Example:

People spend $1000 in ICO at 1$ to get 1000 Token/Coins

People go now to Coinexchange to spent $1000 and get 33333 Coins

Now These People can swap those 33333 1:1 to new coin. This is fair to you?

Example:

People spend $1000 in ICO at 1$ and get 1000 Token/Coins.

People went to Coinexchange and spent these 1000 Tokens to receive 6000 Dollars.

Now these people who spent them receive new tokens worth $1000 Dollars PLUS they have 6000 Dollars in their pocket because they sold their BTBc.

Is this fair to you?

If you consider it unfair, go to Coinexchange now, buy a shitload of BTBc and be one of those who take the risk that these BTBc remain worthless. This is the price of the game. HIGH RISK, HIGH REWARD. You seem to be a LOW RISK guy, so you deserve LOW REWARD.

They have sold it so no token anymore for the new coin.
boederzeng
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November 06, 2017, 11:37:38 AM
 #1919

Make it 1:1 then a fair deal

Example:

People spend $1000 in ICO at 1$ to get 1000 Token/Coins

People go now to Coinexchange to spent $1000 and get 33333 Coins

Now These People can swap those 33333 1:1 to new coin. This is fair to you?

Example:

People spend $1000 in ICO at 1$ and get 1000 Token/Coins.

People went to Coinexchange and spent these 1000 Tokens to receive 6000 Dollars.

Now these people who spent them receive new tokens worth $1000 Dollars PLUS they have 6000 Dollars in their pocket because they sold their BTBc.

Is this fair to you?

If you consider it unfair, go to Coinexchange now, buy a shitload of BTBc and be one of those who take the risk that these BTBc remain worthless. This is the price of the game. HIGH RISK, HIGH REWARD. You seem to be a LOW RISK guy, so you deserve LOW REWARD.

Nobody in the bitbase community was able to withdraw at a Price of $6 - it took up to 24 hours till coins arrived at coinexchange - by that time the Price was already heavily dumped. Stop making this crap up. I spent plenty of Money and went on hardcore promoting during ICO (Team of 800) - so I dont consider myself low risk, but whatever, you guys have it your way.
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November 06, 2017, 11:37:57 AM
 #1920

The fair deal for all member that is swap 10:1 on coinexchange, and whoever did tranfer into coinexchange should get the same with data on BITBASE server after the ico ( When they already purchase). For those who want 50 free coin ( I don't now what you guys complaining about this, but 1 coin = $1, they should not give you guys that much free money like that Cheesy
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