I'm not defending Bomber for his actions, but...
I guess Bitgrail was a test pig for XRB. I know Bomber had so many issues before with xrb and he used to talk alot to devs. And not only Bomber reported so many issues with coin before January, many users reported them too.
https://twitter.com/CrownTheKings5/status/965457522277699585Also there was Rollback issue, reverse tx bug and 4-6 ilegal pools to mine xrb before official ones.
t.me/RaiBlocksTrade which was made by jibble back in March 2016 to trade with, 80% of chat were complains about coin, nodes, faucets, tx fail etc. etc. Always some issues.
Even Bittrex staff in March or April 2017 told about bugs Raiblocks =>
https://i.imgur.com/aHhJAOU.pngThey submitted a listing again in October, November, December for Bittrex, but still nothing from them. Why? I guess somebody didn't want unload their million xrb bags for 0.10$ to get list on Bittrex.
How much is listing on Bittrex? 100k usd? 250k? 500k usd? ... But im just troller, right?
People were so happy about "funds are safe" and they really though that.
https://www.reddit.com/r/BGinsolvency/comments/81joe4/funds_are_safe_and_double_deposit_all_over_discord/But you need to admit (atleast I do) that Bomber sacrificed himself and Bitgrail for greater good of XRB. (There was Mercatox, yes, but that exchange was all the time offline, dossed, not that trusthy, and many went to Bitgrail)
If he did close Bitgrail in November or December because of the "hack", the coin would probably die and went to near zero, because it wasn't on big exchanger like Binance or OKex (low vol) or KuCoin and people would have some xrb back, but those xrb wouldn't worth that much.
Announce "hack" and close the market when bull run was in December or even in November would be a major fail for the coin.
Back in that time coin only had 1.5k-2k redditors when price was 1$ and those people would vanish and xrb wouldn't recover for 1+ year because of the bear market right now.
Why? Beucase this coin had issues before and it litteraly died with rollback, reverse tx and it would die again.
They wouldn't have 50k members and that many big community like they have now and probably they wouldn't get list on KuCoin, Bit-Z etc because community did all for them.
Community did listing for Kucoin, Bit-Z, Binance etc.
They are everywhere listed for free.
https://www.reddit.com/r/RaiBlocks/comments/7mk0c0/people_need_to_realize_how_powerful_our_community/Cryptopia:
And back in October Cryptopia asked 35k USD to list a coin.
I guess that was 2 expensive to XRB team to list a coin again and convince them that everything is fine now. CryptoMessiah is GravityWell (Exchange Team in XRB)
https://twitter.com/WhereisClay/status/921561862780719104Bittrex:
On Bittrex you had to pay more and follow this rules
https://www.coindesk.com/bittrex-outlines-token-listing-criteria/(edited)
Because Bittrex told this in March or April 2017
https://i.imgur.com/aHhJAOU.pngFrom this image you can see that bittrex staff confirms that nano had bugs and that they are talking with them.
That was 1 year ago, but XRB and community submited a listing in October 2017 and December 2017 and I guess bittrex refused them.
Why? I don't know, but they wouldn't refuse them just like that coz it was interesting project. Maybe again greed to pay for listing a coin? Or they waited Bittrex to do community vote coin for free? ...
Guess Colin didn't want to spend some of his private stacks of xrb to get list on big exchanger because price wasn't big. I asked him many times this, he doesn't reply.
Some of Colin's private address.
1.
https://raiblocks.net/account/index.php?acc=xrb_3pg6xswkroybxydyzaxybb1h531sx34omiu7an9t9jy19f9mca7a36s7by5e …
2.
https://raiblocks.net/account/index.php?acc=xrb_11iaqa1oppdxzawrbuzh4m5y78i9zngnhwp8urpup97fsf7k8e84gf61ei75 …
3.
https://raiblocks.net/account/index.php?acc=xrb_31kxdcjafw5k5w4u3h9uo7yctkawcjkegnwaqjr1jqq3tanu8bp6m4obru7a …
the 3rd one had 4kk before =>
https://image.prntscr.com/image/gdJCRjw-QpWypyogWeiToA.jpeg …
What Bomber did was a BIG favour to XRB and everybody by keeping the only exchanger live for XRB till 4th January 8 PM (gmt+1) Kucoin came and he tryed everything to get coins back by dumping and rebuying etc (which was bad at end :| ).
I understand it's mess up situation, but if he did the right choice back in November or till 11-12th December (XRB = 1$) and announce the "hack", the hype would vanish, coin would suffer alot and they woudn't have strong community like they do have now, because community did everything to them.
Few images how much Bomber made money on trading fees:
1.
https://prnt.sc/istrku => 40k usd is 40 USD of trading fees. Till 1st December it was pretty much like this. 1st December he made 100-150k usd volume.
2.
https://prnt.sc/isttat3.
https://prnt.sc/isttjw4.
https://prnt.sc/isttt25.
https://prnt.sc/istwayCould he get awesome support and great market with 50-100 usd a day of earnings? It's hard... He did get nano for that, not usd, but still he didn't earn that much till 1st December. Now if you put yourself in his position
with that much earnings and all the time issues with xrb... you decide.
If this is true, why he did that?
1. Obviously coz he was 2 emotionally attached to the coin and money, but that is side effect when project is good, but not that much as he really wanted to coin for success.
2. For the old users who were bag holders, for new people who came in October, November, Early December => This is so much true [
http://prntscr.com/isrcgv ]
3. And to try get missing funds back but on wrong way, when actually there was no other way. Either he will keep the coin alive and try to fix shit what he did or let the coin die/suffer.
What would I do if I came across this situation?
I don't know, maybe the same as he did + rise trading fees from 0.2 to 0.4, put withdraw 5$ xrb fee and stuff like that, but I wouldn't be that arrogant on twitter
But before all that, I would probably do better security and development on site to not let that happen.
I'm curious what would you do if you came across his situation? If you knew about hack in early December but you was emotional with the coin (you know it 2.5 years, since born), would you let it die in it's best days ahead?
Between 2 evils, he choosed the lesser of 2-evils. Don't get me wrong, I'm also a victim and this is just an opinion.
Maybe I'm wrong, I don't know.
So what your saying is that it all happened Before I send my coins in there and I should be happy he took my money while he knew he was insolvent and just fucked me out of xxk .. how wonderfull of him.