MCXNow Shutting down (Temporary)

[erk]

yeah Mogrith that seems about right. But the 1:9 rule was only discussed in chat, not in news or announcements, but I have to agree on that one, that was not a good move. But I knew what the risk was of buying fees. RS has the means and skill to make it work. Let's wait for part 2. (instead of distasteful death threats)

Chat is the announcements on that site, most people at the time knew about the 9:1 offer and many bought fees at like at well over 0.5BTC to take advantage of it, some bought hundreds! (davidpate)

And now I here the owner is not shutting the site on the 20th. anymore is that right?

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[mogrith]

Lessons learned from MCXNow

Note I'm not a big trader Most BTC was around 1.5 had 13 MCXFees at most.

So the Big Fee sale was over some people sold out and price dropped. I believe I picked up an another share on that drop.

Things are good exchange is chugging along, people playing pump and dump on DVC, trolls spouting BS in trollbox it's nice.

I learned that this is good stable exchange that is not hacked or ddos'd.

BTC starts rising alot. I'm on the trollbox when it crosses 700 then 800 as a matter a fact RS was giving out fees to the first 10 that announced it hitting that level (calling it early got a banishment), I got a fee from each. So time goes on and it's late November WDC is on a rise and it looks like it's going to keep going Sold half my fees and bought WDC. I was at work but off the clock and decided to drive home.

When I get home MCXNow is down and stays down for what was it 2 days? then sorta comes back with the news trading is closed you can take your coin out if you want. Turns out there was nothing wrong with the site. RS just closed it with no warning (Not going into what he said was why just that he did do it) trading will be closed for 2-3 months not fees or interest will be paid but you can sell the Fees but not the coins. Not having really learned to not believe RS about what he will do in the future I sell my remaining fees at ~.07 and withdraw most of my coins. The it reopens for trading in the 3 coins RS made and Fees are back. But the fees that were due ~10 hrs before closing were not paid or the fees that would have come due if he sayed open. so one full 6hr payment and one partial.

I learned that RS will just close the site without warning. Say what will happen next then do something else.

So I'm not going there now. Yes I sold my fees but the data is all in the logs for him to make the 2 payments for when trading was open and commissions were charged and the fees were owned. But he is not doing it.

If MCXnow 2.5 or 3 or whatever opens with a support staff and a gaming site opens I'll take a look. But RS just doing it himself nope his past performance on the non-tech side just keeps me away.

[GoldSeal]

roflol you guys get all bent out of shape about a little neck cancer. hehe

And no. I'm probably not completely sane, but what's wrong with wanting to bring a little happiness into the world even if it comes in the form of RealSolid's neck cancer?

[MCXnever]

Guys if you want to keep MCXnow alive lets get some microcash! https://bitcointalk.org/index.php?topic=377742.0

[SaltySpitoon]

Unstickied, Deadline to get your coins out has passed, if you haven't got them out already, good luck.

[jasinlee]

Unstickied, Deadline to get your coins out has passed, if you haven't got them out already, good luck.

Yeah, this is not quite as bad as inputs.io or pirate. At least we knew this guy was a scammer from day 1, so many avoided it.

[jasinlee]

And here comes the new year and.......no site relaunch....shocker.

[erk]

So the Nov 2013 announcement on the site says that mcxnow

In the meantime I have disabled creation of new accounts and disabled trading of some currencies here to lighten the support load whilst I develop v2.5. I estimate the new version will take 3-4 weeks to complete.

It's been like 6 weeks and still suspended.

[mogrith]

But look there ar 1385 suckers people online 

[erk]

But look there ar 1385 suckers people online 

You mean 1385 uncleared session cookies or something like that.

[jasinlee]

Or "1385", 4 characters left in the source because he no longer cares to cover his tracks because.

[mogrith]

What can they be doing on that exchange anyway. trick each other with pump and dump on RS's own coins? no new suckers rubes users can sign in.

[erk]

What can they be doing on that exchange anyway. trick each other with pump and dump on RS's own coins? no new suckers rubes users can sign in.

There are 2 coins active on the exchange, MNC, SC, plus  MCX fee shares. The total BTC volume of those 3 in the past 24 hours was

 Volume: 3607.0 MNC / 2.0 BTC
 Volume: 2815.0 SC / 0.0 BTC
 Volume: 143 MCX / 30.0 BTC


So it's a 32BTC trade site atm. the transaction revenue from that, a pittance. The site has been dead since November 2013, loosing money every day in server hosting fees.

The site is mainly a chat box where people swear a lot, talk about body parts and drugs. Nobody is really nice there, it's like a small pub where crims hang out.

[STT]

It ran really fast so Im sure he'd get people back if he brings it back, would be foolish not to I think.   Surely he could have just sold the enterprise off as a more profitable way to depart

[mogrith]

Too heavily tainted for me to trust now. The site worked well had 2fa an interesting chat group. But if RS is in charge the site can just shut down with no warning .

If the code was made opensource and others made exchanges I might try one of them. Closed source bought from RS. Nope don't trust Him.

[erk]

Too heavily tainted for me to trust now. The site worked well had 2fa an interesting chat group. But if RS is in charge the site can just shut down with no warning .

If the code was made opensource and others made exchanges I might try one of them. Closed source bought from RS. Nope don't trust Him.

Are there any open source exchanges? I have never heard of one, they can all simply shut down, it's not like ther is a public block chain to prove you own what. One day there will be p2p exchange I am certain of that.

[leahayay]

Too heavily tainted for me to trust now.

this

[ByronP]

Here in the U.S. we cant pull off such scams without getting put in jail...

[superresistant]

mcxNOW.com is up with new features.

[Buffer Overflow]

mcxNOW.com is up with new features.

Yes but the same owner is running the site. That problem needs solving first.