[ANN][SHARE]ShareCoin - Pure POS - The only coin backed up by a real bussiness

[$dakini]

This is the best explaination I imagine to explain the behavior of Zip (posted here: https://bitcointalk.org/index.php?topic=522102.msg7143428#msg7143428 )

I am thinking that it was probably a spur of the moment thing. ShareXCoin probably was not intended to be a scam from very beginning.  But after seeing the sheer amount of Qora and other altcoins he had in his hands, Zip realized his power, got greedy and succumb to temptation.  He realized he could manipulate the price easily since he was the largest holder.  Based on the blockexplorer info, he had over 450 million or 5% of qora at one point (It would be very tempting for anyone to do a short trade in his position, I suppose). Smiley  He got too smart for his own good. 

Now in retrospect, I guess there was a reason why zip wanted to be the first exchange to trade qora.

Also, remember that, by being the exchange operator, he had the power to observe every player's trading pattern (how much every Qora player has in his account and is willing to trade, and how low price he could push on Poloniex).

The problem was the users.  Smiley We gave him too much power without vetting the person first.   Cry

this is the only explanation that makes sense to me as well. Cause in my opinion he put in way too much work for it to have been a scam from the beginning. Someone with so much ability would probably be better off actually developing a trustworthy exchange than with such a stupid scam. However, it might have become too much for him and thus this. I don't know.

The temptation was too irresistible and finally has succumbed to greed   

[1715278038]

1715278038

[superresistant]

Yeah, unfortunately I bought many many ShareCoins
I had absolutely no reason not to trust in this project, since the exchange is taking special skills to be developed like this and Zip had some nice plans.
I don't see how stealing ~100 BTC will cover for any of that and the potential of the exchange on the long term.
That's why I can't understand.

Indeed it was a bad decision because his deposit got frozen on Poloniex so he cannot sell the stolen altcoins.

So it's bad for you and bad for him.

You cannot even get back the frozen coins because you have no way of proving it was yours. Poloniex is the winner


Wait... Unless... Poloniex is part of the scam...

[AlfaONE]

what a crap

[$dakini]

I don't believe yet it was a scam...
But if it was...

AsiaCoin - lost ~10 BTC
ShareCoin - have around 27 BTC in it

hm......

Can a fucker play like this?
I have his IP, but still...kinda useless

damn, even you, you don't have a way to contact him ?

well, now I'm starting to understand why zip wanted to work alone... If I had enough programming skill, I just would like to create a new exchange to make the thing back, it seems really dead now

Yeah, unfortunately I bought many many ShareCoins
I had absolutely no reason not to trust in this project, since the exchange is taking special skills to be developed like this and Zip had some nice plans.
I don't see how stealing ~100 BTC will cover for any of that and the potential of the exchange on the long term.

That's why I can't understand.

We will keep ranting about this for a while and in couple of weeks everyone will forget about it.
Then he will come back with a new id and a new exchange possibly or a new coin, as has enough money to invest in the next scam now.

The community should stop supporting IPOs and new exchanges unless the owners can be verified, either by the community or by the moderators.

[superresistant]

That would NEVER happen on a decentralised exchange !!

The assets and coloured coins you own on Nxt Asset Exchange can never be taken because it is on the blockchain of Nxt instead of a centralised hot wallet.

[$dakini]

Yeah, unfortunately I bought many many ShareCoins
I had absolutely no reason not to trust in this project, since the exchange is taking special skills to be developed like this and Zip had some nice plans.
I don't see how stealing ~100 BTC will cover for any of that and the potential of the exchange on the long term.
That's why I can't understand.

Indeed it was a bad decision because his deposit got frozen on Poloniex so he cannot sell the stolen altcoins.

So it's bad for you and bad for him.

You cannot even get back the frozen coins because you have no way of proving it was yours. Poloniex is the winner


Wait... Unless... Poloniex is part of the scam...

How do you know he got all the altcoin stash in poloniex?
It could just be a small fraction of the scammed portfolio.

[berkelip]

maybe zip dumped sharecoin on bittrex
the price is very low
at 18 satosi now

[superresistant]

How do you know he got all the altcoin stash in poloniex?
It could just be a small fraction of the scammed portfolio.

The only thing I can confirm is that the biggest part of stealing was the Qora coins.
It is so big that it gave the idea of stealing.

But... it all got frozen on Polo !

[djm34]

I don't believe yet it was a scam...
But if it was...

AsiaCoin - lost ~10 BTC
ShareCoin - have around 27 BTC in it

hm......

Can a fucker play like this?
I have his IP, but still...kinda useless

damn, even you, you don't have a way to contact him ?

well, now I'm starting to understand why zip wanted to work alone... If I had enough programming skill, I just would like to create a new exchange to make the thing back, it seems really dead now

Yeah, unfortunately I bought many many ShareCoins
I had absolutely no reason not to trust in this project, since the exchange is taking special skills to be developed like this and Zip had some nice plans.
I don't see how stealing ~100 BTC will cover for any of that and the potential of the exchange on the long term.

what potential ? If you look at the "real" coins (not the new crappy one) which were on that exchange they had absolutely no volume.
(nobody trusted it, except sharecoin holders, even jpc had no volume  and there are billions around)
And it doesn't cost that much (and he didn't even owned the servers...) to create an exchange which is more or less a copy and paste of swap-hole.

[Globb0]

yeah, why scam just before you added fiat transfer, surely after that

[djm34]

yeah, why scam just before you added fiat transfer, surely after that

what about, he would needs to give his real name and create a real business ? 

[Steam20]

yeah, why scam just before you added fiat transfer, surely after that

what about, he would needs to give his real name and create a real business ? 

+1

[superresistant]

Now the crypto insurance service MOST WANTED to defend ordinary clients from scammy new businesses.

rates would be stupidly high. reagulamentation is the only solution

No. Trustless system is the only solution.

[btctrade.com]

zip may have had an accident.

[djm34]

zip may have had an accident.

you mean he transferred by accident all the Qora to poloniex ?  

people are kind of hopeless and delusional
Actually he should come back and say we had some hacker who transfered all the Qora
to poloniex, that he would need support to recover please send your donation to ....
I am pretty sure he could still make a few more btc  

[mcjavar]

zip may have had an accident.

Well, he definitely will have some if I find him...

[$dakini]

zip may have had an accident.

you mean he transferred by accident all the Qora to poloniex ?  

people are kind of hopeless and delusional
Actually he should come back and say we had some hacker who transfered all the Qora
to poloniex, that he would need support to recover please send your donation to ....
I am pretty sure he could still make a few more btc  

that would be the next move.
wait for some more time 

[Djinou94]

SCAM

[KobeBriant 24]

sharexcoin is done.
Suck dev.

[djm34]

so where is the stackcoin picture with 100BTC ?  

actually it isn't ziplibrary fault, it is btc fault and the price increase  
(too tempting... actually he did add fiat transfer for himself  )