Bitcoin Forum
February 03, 2023, 09:21:45 PM *
News: Latest Bitcoin Core release: 24.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Should Bittrex do a "clear database" to re-open on the good fork even if it means that people that have buy NJA on the wrong fork have pay BTC for nothing ?
Yes, re-open the market on the good fork - 24 (66.7%)
Yes, switch to the new fork but only for withdraw - 2 (5.6%)
No, i wan't to keep my billions of NJA on the wrong fork - 10 (27.8%)
Total Voters: 36

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 [30] 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 »
  Print  
Author Topic: [ANN][X11][PoS only] NinjaCoin - Ninja Launch - Hard fork 1.2.2  (Read 68982 times)
Soul_eater_123
Legendary
*
Offline Offline

Activity: 938
Merit: 1000



View Profile
June 16, 2014, 05:16:14 PM
 #581

This isn't Bittrex's fault! Leave Bittrex alone!!!!
Bittrex can't be held accountable for something somebody else did. This is crypto. There is no safety net, you people want anonimity most of all...

are you blind, or you are part of bittrex group?

this can happend with any single coin, old one and new ones, doesnt change anything. It showing that bittrex have a hole in the system and that doesnt have any system of controling the coins that they are adding to the market. some hackers can get into darkcoin for example change source and than do the same problem as ninja coin and than what? and one more thing, if this doesnt have anything with bittrex why than they are taking high fee for trades and withdrawals?Huh if you are paying bittrex so you are expecting to provide you a service that you payed and also secure trading that you will not get scammed, and this is just what happend, bittrex allowed that peope get scammed. FACT

Look morons.  Bittrex got screwed on this and lost just as much as everybody else.  At least Richie has the balls to come on and explain what happened.  This is always a risk in crypto and the exchanges don't have enough staff to check every coin to the nth detail.  This kind of vetting and investigative work should be done by the community.
1675459305
Hero Member
*
Offline Offline

Posts: 1675459305

View Profile Personal Message (Offline)

Ignore
1675459305
Reply with quote  #2

1675459305
Report to moderator
1675459305
Hero Member
*
Offline Offline

Posts: 1675459305

View Profile Personal Message (Offline)

Ignore
1675459305
Reply with quote  #2

1675459305
Report to moderator
1675459305
Hero Member
*
Offline Offline

Posts: 1675459305

View Profile Personal Message (Offline)

Ignore
1675459305
Reply with quote  #2

1675459305
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
Shadow_Runner
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500



View Profile
June 16, 2014, 05:16:18 PM
 #582

SHEEEET. Why I'm keep all this coins. Honor was fucked up, other coins was fucked up. This is getting annoying.
silverj
Newbie
*
Offline Offline

Activity: 32
Merit: 0


View Profile
June 16, 2014, 05:20:55 PM
 #583

Look morons.  Bittrex got screwed on this and lost just as much as everybody else.  At least Richie has the balls to come on and explain what happened.  This is always a risk in crypto and the exchanges don't have enough staff to check every coin to the nth detail.  This kind of vetting and investigative work should be done by the community.

Do you really think Bittrex lost anything from this? They got their trading fees and are still keeping it open for trading, the only people that actually lost anything are the users who are now NJA bagholders...
SrsCrypto
Member
**
Offline Offline

Activity: 98
Merit: 10

Designer


View Profile
June 16, 2014, 05:21:42 PM
 #584


ATH: AKRKvTF3WuGK5BCYcbmt5a3or5uZ1khChx | ZS: E173jErfaAFHW6Lmws5r5NHeSPaUKqswuX | SHA2: SZPkeefDH1iqHvn76DUVjpYA8rWYphu6pk
notsofast
Legendary
*
Offline Offline

Activity: 1517
Merit: 1041


@notsofast


View Profile WWW
June 16, 2014, 05:23:11 PM
 #585

I compiled the new source code on my Mac.  Deleted all files except wallet.dat and reopened, but it seems to be stuck on block 14000.
Yes, this is what must be done. Just KEEP YOUR WALLET.DAT and remove everything else.
Start the new wallet and we are on block 14000, or maybe 1 or 2 more.

Bittrex and pools should update, we are on a new fork. All what has been done after block 13999 is cancelled, don't panic.

This is an unfortunate case where the dev screwed up and/or screwed us all.

We will NOT be taking a fork of this coin.  The damage is already done here.  Our systems worked as designed and our balances match including checking the moneysupply.  I would like to remind everyone that Bittrex is an exchange.  Our responsibility is to ensure that when you trade xxx A for yyy B, that it happens safely.  We do not police what is being traded.

Again, we will not be taking a new wallet or fork of this coin.  The damage done is irreparable and would have been after the first trade.  The market will remain open and we will let this die its natural death like so many coins before it.

Thanks
richie@bittrex


So, in this words, You want to say that this situation can happen with any coin on Bittrex and You don't care about that?

Yeah, this can happen with any coin on Bittrex or not on Bittrex-- part of the risk of cryptocurrencies, such as they are. If you don't like exposing yourself to risks like these, you don't have to mine, invest, or trade.

I'm sure Bittrex cares that this happened, but it's not their responsibility. Their responsibility is to let you execute trades in a reliable way, not to take on any of the risks involved when you do that.

In the particular case of NJA, nobody at Bittrex could have known any sooner than anyone else that the oversupply was a mistake, a planned surprise by the dev, a coordinated scam, or whatever. It is not Bittrex's job to police the code of each new shitcoin beyond initial due diligence to see whether it's worth providing a marketplace for trading, and maintaining the flow of that trading.

twitter.com/notsofast
Stenull
Hero Member
*****
Offline Offline

Activity: 585
Merit: 500


View Profile
June 16, 2014, 05:23:52 PM
 #586

Fuck! A drive home from the office later and now this!?

Change...is in the air.
You know why
coiner5
Newbie
*
Offline Offline

Activity: 16
Merit: 0


View Profile
June 16, 2014, 05:29:43 PM
 #587

Some quick facts:

- The moneysupply is decided by the network.  There is no fixed number for Bittrex to compare against.  The moneysupply went up due to the dev's trojan, and if Bittrex checked against the moneysupply they would have been checking against the new huge number, just like everyone else on the network.

- Check the github tree.  The new 1.2.0 release was not submitted as a patch, the entire repo was replaced.  This was certainly intentional to try to make it harder to see what changed.  Both to hide how obvious the original trojan was, and probably to hide the new trojan that was added in 1.2.0.  There is likely no "correct" or "clean" fork, just a choice between two trojanned forks.

- The 1.2.0 release was committed by linked67, not the original dev.  Interesting.  Maybe he forgot to sign out of his real account and into his shill account.

- I lost money on this coin, but I don't blame Bittrex one bit.  They allowed people to buy and sell Ninjacoin, that is their role as an exchange.  Ninjacoin was a shitty trojanned product and there should have been no buyers, but lots of people bought anyway.  It's like blaming NYSE because Enron when bust.  Bittrex didn't force you to buy a shitty coin, they just gave you the opportunity to make a poor decision.  And in this case the source code was even out there for anyone to review and nobody did.

In summary if you bought this coin you bought a coin that was publicly designed to inflate the money supply at block 14000.  Bittrex allowed you to do that.  Congratulations on your purchase, next time you'll be more cautious about what you buy.  I know I will.

I'm not affiliated with Bittrex, just pointing out some facts.  Your hatred should be directed at the dev.
Soul_eater_123
Legendary
*
Offline Offline

Activity: 938
Merit: 1000



View Profile
June 16, 2014, 05:30:31 PM
 #588

Look morons.  Bittrex got screwed on this and lost just as much as everybody else.  At least Richie has the balls to come on and explain what happened.  This is always a risk in crypto and the exchanges don't have enough staff to check every coin to the nth detail.  This kind of vetting and investigative work should be done by the community.

Do you really think Bittrex lost anything from this? They got their trading fees and are still keeping it open for trading, the only people that actually lost anything are the users who are now NJA bagholders...

Really?  Do you understand how exchanges work?  Do you think Bittrex has millions of customer service staff to deal with complaints.  This is costing them money right now.
kryptologist
Hero Member
*****
Offline Offline

Activity: 714
Merit: 500


@kryptographer


View Profile
June 16, 2014, 05:30:57 PM
 #589

I compiled the new source code on my Mac.  Deleted all files except wallet.dat and reopened, but it seems to be stuck on block 14000.
Yes, this is what must be done. Just KEEP YOUR WALLET.DAT and remove everything else.
Start the new wallet and we are on block 14000, or maybe 1 or 2 more.

Bittrex and pools should update, we are on a new fork. All what has been done after block 13999 is cancelled, don't panic.

This is an unfortunate case where the dev screwed up and/or screwed us all.

We will NOT be taking a fork of this coin.  The damage is already done here.  Our systems worked as designed and our balances match including checking the moneysupply.  I would like to remind everyone that Bittrex is an exchange.  Our responsibility is to ensure that when you trade xxx A for yyy B, that it happens safely.  We do not police what is being traded.

Again, we will not be taking a new wallet or fork of this coin.  The damage done is irreparable and would have been after the first trade.  The market will remain open and we will let this die its natural death like so many coins before it.

Thanks
richie@bittrex


Yes but your exchange has no catches for this shit? Well that would be poor untested code. How is it possible a coin is meant to have 19 million total supply, but your exchange allows more than that to be deposited? Currently your exchange is allowing over 500 million coins to be deposited.. Don't you think your system should pick up on this and suspend the market immediately?  Not very secure for your clients. Polo is by far the best exchange now. Don't get goxed guys, pull your coins from Bittrex.

Using what as a supply guideline?  Random text in an ANN that we can't parse or the moneysupply value which is cryptographically sound?

*EDIT* Cryptographically sound is probably the wrong term since honestly a dev can return anything to us;  but it *should* be cryptographically sound.  Obviously malicious code is malicious.

Are you seriously asking where to find the total supply guidelines? Maybe the coin code LOL?  wow.. just wow

You are really making me realize what garbage Bittrex is. Not that I would recommend this becuase there should be catches in the code but even just asking the dev and setting something up would be better than.. well nothing. Are you admitting that you do no care if scam coins are put on Bittrex?
fonzerrellie
Legendary
*
Offline Offline

Activity: 1190
Merit: 1000

Kaspa


View Profile
June 16, 2014, 05:31:38 PM
 #590

wow I had the OG wallet, woke up and saw that I had received millions of coins in pos for the 5000 I had sitting in the wallet.Huh

really you people were getting crazy and obviously wrong amounts in your pos and instead of warning people and dev so it can be fixed you were trying to sell it on bittrex... f#ck'n DIRTY BURGERS. lol but ya blame bittrex for the ninjas selling their obviously mistake pos "golf clap" for dirty ninjas

anywho if dev gets rid of everyone crazy pos returns and gets the coin volume back to what it should be theres a chance it can be saved.

is there an updated windows wallet that actualy works ? the one on the op just crash's instantly

#Expanse $EXP 500 transactions 4 .1 EXP 1st Clone of ETH 
WAVES
bittick
Hero Member
*****
Offline Offline

Activity: 2128
Merit: 505


ALTAVA


View Profile
June 16, 2014, 05:33:08 PM
 #591

bittrex should change the walet to the new fork and allow users that had valid coins before all this shit happen withdraw safely to the new wallets. Why is this so hard to do?

▄▄███████████████████████▄▄
██████████████▀▀▀▀       ▀███
███████████▀▀               ▐██
████████▀                   ▐██
██████▀                     ███
█████                       ███
████                       ████
███                       █████
██▌                     ▄██████
██▌                   ▄████████
███               ▄▄███████████
███▄       ▄▄▄▄██████████████
▀▀███████████████████████▀▀
.
DISCORD
TELEGRAM
TWITTER
.
INSTAGRAM
LINKEDIN
FACEBOOK

██████    ██
██
██
██
██
██
██
██
██
██
██████████
       ▄▄▄██▄▄▄
    ▄███████████▄
    █████████████▄
   ███████████████
▄█████████████████▄
▀▀▀▀█████████████▀██
    ▀█████████████▄
    ▄▀█████████████▄
   █▀ ▀▀▀██████████▌
▐███    ▄█████████▀▀
 ▀▀     ▄█████▀▀
       ███▀▀
      ██▀

██████
██
██
██
██
██
██
██
██
██
██████
kryptologist
Hero Member
*****
Offline Offline

Activity: 714
Merit: 500


@kryptographer


View Profile
June 16, 2014, 05:34:07 PM
 #592

Some quick facts:

- The moneysupply is decided by the network.  There is no fixed number for Bittrex to compare against.  The moneysupply went up due to the dev's trojan, and if Bittrex checked against the moneysupply they would have been checking against the new huge number, just like everyone else on the network.

- Check the github tree.  The new 1.2.0 release was not submitted as a patch, the entire repo was replaced.  This was certainly intentional to try to make it harder to see what changed.  Both to hide how obvious the original trojan was, and probably to hide the new trojan that was added in 1.2.0.  There is likely no "correct" or "clean" fork, just a choice between two trojanned forks.

- The 1.2.0 release was committed by linked67, not the original dev.  Interesting.  Maybe he forgot to sign out of his real account and into his shill account.

- I lost money on this coin, but I don't blame Bittrex one bit.  They allowed people to buy and sell Ninjacoin, that is their role as an exchange.  Ninjacoin was a shitty trojanned product and there should have been no buyers, but lots of people bought anyway.  It's like blaming NYSE because Enron when bust.  Bittrex didn't force you to buy a shitty coin, they just gave you the opportunity to make a poor decision.  And in this case the source code was even out there for anyone to review and nobody did.

In summary if you bought this coin you bought a coin that was publicly designed to inflate the money supply at block 14000.  Bittrex allowed you to do that.  Congratulations on your purchase, next time you'll be more cautious about what you buy.  I know I will.

I'm not affiliated with Bittrex, just pointing out some facts.  Your hatred should be directed at the dev.

So you have to investigate the code of every coin that you buy? I'd rather trade on Polo and feel secure the code has been reviewed/
badam
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500


View Profile
June 16, 2014, 05:35:42 PM
 #593

bittrex should change the walet to the new fork and allow users that had valid coins before all this shit happen withdraw safely to the new wallets. Why is this so hard to do?

Because the forked wallet removes millions of coins that were already sold. Some people bought for several btc and their coins would be lost from bittrex.
bittick
Hero Member
*****
Offline Offline

Activity: 2128
Merit: 505


ALTAVA


View Profile
June 16, 2014, 05:38:23 PM
 #594

bittrex should change the walet to the new fork and allow users that had valid coins before all this shit happen withdraw safely to the new wallets. Why is this so hard to do?

Because the forked wallet removes millions of coins that were already sold. Some people bought for several btc and their coins would be lost from bittrex.

the coins they bought are invalid anyway now, what are they gonna do with them? At least give a chance to withdraw valid coins dammit

▄▄███████████████████████▄▄
██████████████▀▀▀▀       ▀███
███████████▀▀               ▐██
████████▀                   ▐██
██████▀                     ███
█████                       ███
████                       ████
███                       █████
██▌                     ▄██████
██▌                   ▄████████
███               ▄▄███████████
███▄       ▄▄▄▄██████████████
▀▀███████████████████████▀▀
.
DISCORD
TELEGRAM
TWITTER
.
INSTAGRAM
LINKEDIN
FACEBOOK

██████    ██
██
██
██
██
██
██
██
██
██
██████████
       ▄▄▄██▄▄▄
    ▄███████████▄
    █████████████▄
   ███████████████
▄█████████████████▄
▀▀▀▀█████████████▀██
    ▀█████████████▄
    ▄▀█████████████▄
   █▀ ▀▀▀██████████▌
▐███    ▄█████████▀▀
 ▀▀     ▄█████▀▀
       ███▀▀
      ██▀

██████
██
██
██
██
██
██
██
██
██
██████
followtheboss
Full Member
***
Offline Offline

Activity: 126
Merit: 100


View Profile
June 16, 2014, 05:40:45 PM
 #595




This is an unfortunate case where the dev screwed up and/or screwed us all.

We will NOT be taking a fork of this coin.  The damage is already done here.  Our systems worked as designed and our balances match including checking the moneysupply.  I would like to remind everyone that Bittrex is an exchange.  Our responsibility is to ensure that when you trade xxx A for yyy B, that it happens safely.  We do not police what is being traded.

Again, we will not be taking a new wallet or fork of this coin.  The damage done is irreparable and would have been after the first trade.  The market will remain open and we will let this die its natural death like so many coins before it.

Thanks
richie@bittrex



kotwica666
Legendary
*
Offline Offline

Activity: 2142
Merit: 1035



View Profile
June 16, 2014, 05:41:08 PM
 #596

I compiled the new source code on my Mac.  Deleted all files except wallet.dat and reopened, but it seems to be stuck on block 14000.
Yes, this is what must be done. Just KEEP YOUR WALLET.DAT and remove everything else.
Start the new wallet and we are on block 14000, or maybe 1 or 2 more.

Bittrex and pools should update, we are on a new fork. All what has been done after block 13999 is cancelled, don't panic.

This is an unfortunate case where the dev screwed up and/or screwed us all.

We will NOT be taking a fork of this coin.  The damage is already done here.  Our systems worked as designed and our balances match including checking the moneysupply.  I would like to remind everyone that Bittrex is an exchange.  Our responsibility is to ensure that when you trade xxx A for yyy B, that it happens safely.  We do not police what is being traded.

Again, we will not be taking a new wallet or fork of this coin.  The damage done is irreparable and would have been after the first trade.  The market will remain open and we will let this die its natural death like so many coins before it.

Thanks
richie@bittrex


So, in this words, You want to say that this situation can happen with any coin on Bittrex and You don't care about that?

Yeah, this can happen with any coin on Bittrex or not on Bittrex-- part of the risk of cryptocurrencies, such as they are. If you don't like exposing yourself to risks like these, you don't have to mine, invest, or trade.

I'm sure Bittrex cares that this happened, but it's not their responsibility. Their responsibility is to let you execute trades in a reliable way, not to take on any of the risks involved when you do that.

In the particular case of NJA, nobody at Bittrex could have known any sooner than anyone else that the oversupply was a mistake, a planned surprise by the dev, a coordinated scam, or whatever. It is not Bittrex's job to police the code of each new shitcoin beyond initial due diligence to see whether it's worth providing a marketplace for trading, and maintaining the flow of that trading.

I know what is responsibility, but i see that Bittrex have own interpretation of responsibility.

Why Bittrex didn't stop trading when on market comes such HUGE deposits? This is control of deposits? In my interpretation of responsibility this is mistake! HUGE mistake of Bittrex.


.
..........
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
█████████████░░██████████████████████████░░███████████████████
███████████████░░██████████████████████████░░█████████████████
█████████████████░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░███████████████
█████████████████░░░░░░░░░░██░░██░░░░░░░░░░██░░███████████████
███████████████████░░░░░░██░░██████░░░░░░██░░█████████████████
█████████████████████░░░░░░██████████░░░░░░███████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
.....I AM BLACKJACK.FUN.....
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
█████████████░░██████████████████████████░░███████████████████
███████████████░░██████████████████████████░░█████████████████
█████████████████░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░███████████████
█████████████████░░░░░░░░░░██░░██░░░░░░░░░░██░░███████████████
███████████████████░░░░░░██░░██████░░░░░░██░░█████████████████
█████████████████████░░░░░░██████████░░░░░░███████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
..........
badam
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500


View Profile
June 16, 2014, 05:42:33 PM
 #597

bittrex should change the walet to the new fork and allow users that had valid coins before all this shit happen withdraw safely to the new wallets. Why is this so hard to do?

Because the forked wallet removes millions of coins that were already sold. Some people bought for several btc and their coins would be lost from bittrex.

the coins they bought are invalid anyway now, what are they gonna do with them? At least give a chance to withdraw valid coins dammit

Nobody knew that those are invalid. We knew it only when the price hit 1-2 sat. I think they should remove the coin as it is. The coin is dead:(. Never keep your coins in exchange wallets.
JohnBirco (OP)
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
June 16, 2014, 05:44:02 PM
 #598

Some quick facts:

- The moneysupply is decided by the network.  There is no fixed number for Bittrex to compare against.  The moneysupply went up due to the dev's trojan, and if Bittrex checked against the moneysupply they would have been checking against the new huge number, just like everyone else on the network.

- Check the github tree.  The new 1.2.0 release was not submitted as a patch, the entire repo was replaced.  This was certainly intentional to try to make it harder to see what changed.  Both to hide how obvious the original trojan was, and probably to hide the new trojan that was added in 1.2.0.  There is likely no "correct" or "clean" fork, just a choice between two trojanned forks.

- The 1.2.0 release was committed by linked67, not the original dev.  Interesting.  Maybe he forgot to sign out of his real account and into his shill account.

- I lost money on this coin, but I don't blame Bittrex one bit.  They allowed people to buy and sell Ninjacoin, that is their role as an exchange.  Ninjacoin was a shitty trojanned product and there should have been no buyers, but lots of people bought anyway.  It's like blaming NYSE because Enron when bust.  Bittrex didn't force you to buy a shitty coin, they just gave you the opportunity to make a poor decision.  And in this case the source code was even out there for anyone to review and nobody did.

In summary if you bought this coin you bought a coin that was publicly designed to inflate the money supply at block 14000.  Bittrex allowed you to do that.  Congratulations on your purchase, next time you'll be more cautious about what you buy.  I know I will.

I'm not affiliated with Bittrex, just pointing out some facts.  Your hatred should be directed at the dev.
Where hav you see a trojan Huh? I can bet a lot of people have previous source on there computer and can compare.
If i have make new release instead of patch on github, it's to hide the changes i make on the UI wallet. To make it more hard for chinese copy/paster to replicate me.

The PoS bug was just a "/COIN" missing in the maths, not a trojan. If you don't know from what you speak, please shut up !
zsnorbi
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500


View Profile
June 16, 2014, 05:44:59 PM
 #599

I compiled the new source code on my Mac.  Deleted all files except wallet.dat and reopened, but it seems to be stuck on block 14000.
Yes, this is what must be done. Just KEEP YOUR WALLET.DAT and remove everything else.
Start the new wallet and we are on block 14000, or maybe 1 or 2 more.

Bittrex and pools should update, we are on a new fork. All what has been done after block 13999 is cancelled, don't panic.

This is an unfortunate case where the dev screwed up and/or screwed us all.

We will NOT be taking a fork of this coin.  The damage is already done here.  Our systems worked as designed and our balances match including checking the moneysupply.  I would like to remind everyone that Bittrex is an exchange.  Our responsibility is to ensure that when you trade xxx A for yyy B, that it happens safely.  We do not police what is being traded.

Again, we will not be taking a new wallet or fork of this coin.  The damage done is irreparable and would have been after the first trade.  The market will remain open and we will let this die its natural death like so many coins before it.

Thanks
richie@bittrex


So, in this words, You want to say that this situation can happen with any coin on Bittrex and You don't care about that?

Yeah, this can happen with any coin on Bittrex or not on Bittrex-- part of the risk of cryptocurrencies, such as they are. If you don't like exposing yourself to risks like these, you don't have to mine, invest, or trade.

I'm sure Bittrex cares that this happened, but it's not their responsibility. Their responsibility is to let you execute trades in a reliable way, not to take on any of the risks involved when you do that.

In the particular case of NJA, nobody at Bittrex could have known any sooner than anyone else that the oversupply was a mistake, a planned surprise by the dev, a coordinated scam, or whatever. It is not Bittrex's job to police the code of each new shitcoin beyond initial due diligence to see whether it's worth providing a marketplace for trading, and maintaining the flow of that trading.

I know what is responsibility, but i see that Bittrex have own interpretation of responsibility.

Why Bittrex didn't stop trading when on market comes such HUGE deposits? This is control of deposits? In my interpretation of responsibility this is mistake! HUGE mistake of Bittrex.



Bittrex has nothing to do with this. They were doing what they are meant to be exchanging that's all. Dev fucked up the POS and greedy users fucked up the price. Blame them bittrex should not be blamed in this situation. There is no exchange from the ones i know that would be prepared for such a fuckup
badon420
Full Member
***
Offline Offline

Activity: 159
Merit: 100


abaddon


View Profile
June 16, 2014, 05:49:36 PM
 #600

Some quick facts:

- The moneysupply is decided by the network.  There is no fixed number for Bittrex to compare against.  The moneysupply went up due to the dev's trojan, and if Bittrex checked against the moneysupply they would have been checking against the new huge number, just like everyone else on the network.

- Check the github tree.  The new 1.2.0 release was not submitted as a patch, the entire repo was replaced.  This was certainly intentional to try to make it harder to see what changed.  Both to hide how obvious the original trojan was, and probably to hide the new trojan that was added in 1.2.0.  There is likely no "correct" or "clean" fork, just a choice between two trojanned forks.

- The 1.2.0 release was committed by linked67, not the original dev.  Interesting.  Maybe he forgot to sign out of his real account and into his shill account.

- I lost money on this coin, but I don't blame Bittrex one bit.  They allowed people to buy and sell Ninjacoin, that is their role as an exchange.  Ninjacoin was a shitty trojanned product and there should have been no buyers, but lots of people bought anyway.  It's like blaming NYSE because Enron when bust.  Bittrex didn't force you to buy a shitty coin, they just gave you the opportunity to make a poor decision.  And in this case the source code was even out there for anyone to review and nobody did.

In summary if you bought this coin you bought a coin that was publicly designed to inflate the money supply at block 14000.  Bittrex allowed you to do that.  Congratulations on your purchase, next time you'll be more cautious about what you buy.  I know I will.

I'm not affiliated with Bittrex, just pointing out some facts.  Your hatred should be directed at the dev.

So you have to investigate the code of every coin that you buy? I'd rather trade on Polo and feel secure the code has been reviewed/

Spoken like a true butt hurt nerd.  GET REKT!

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 [30] 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!