Elite coin another bittrex scam?

[cassius69]

personal responsibility guys. .we have all been scammed at one point and lost money, be very careful what you invest in.
history keeps repeating itself with greedy people who want to get rich quick.

fuck that. i was in this trade for 2 fucking hours. i didn't plan on holding for even 3 hours.

what fucking due diligence could i have done that the goddam exchange didnt do?

they are in with this scammers. they accept their coins again and again and then blame the victims.

bittrex has helped push altcoins to an all time low.

[youaremysap]

personal responsibility guys. .we have all been scammed at one point and lost money, be very careful what you invest in.
history keeps repeating itself with greedy people who want to get rich quick.

maybe

[rikkejohn]

I have the source code if anyone wants it. I can upload it to sourceforge tomorrow because it's 4 a.m. and alcohol and 10 dexies are saying "bedtime"

Obviously the little devs  wiped their github

But will post tit if nobody else has.

[youaremysap]

personal responsibility guys. .we have all been scammed at one point and lost money, be very careful what you invest in.
history keeps repeating itself with greedy people who want to get rich quick.

fuck that. i was in this trade for 2 fucking hours. i didn't plan on holding for even 3 hours.

what fucking due diligence could i have done that the goddam exchange didnt do?

they are in with this scammers. they accept their coins again and again and then blame the victims.

bittrex has helped push altcoins to an all time low.

agree with you
look at this thread https://bitcointalk.org/index.php?topic=710824.0

let more people know

[goodluckpool]

It used to be hard for a coin to get on an exchange, now new scam coins are all added too quickly.

I don't blame bittrex on this one, it was not instant added like Concealcoin, I don't think they are in on the scam.

Exchanges are becoming a cutthroat competition, I don't think bittrex is making huge profits now, do they have money to add a code review team?.

[mikelitoris]

we are all in this for one reason and that is to make BTC
this is like the wild west and you need to look out for yourself

[mikesrevenge]

Bittrex gets 0.25% of their total volume minus operating costs.

[mig5000]

lol still people that trade on bittrex

[rikkejohn]

personal responsibility guys. .we have all been scammed at one point and lost money, be very careful what you invest in.
history keeps repeating itself with greedy people who want to get rich quick.

fuck that. i was in this trade for 2 fucking hours. i didn't plan on holding for even 3 hours.

what fucking due diligence could i have done that the goddam exchange didnt do?

they are in with this scammers. they accept their coins again and again and then blame the victims.

bittrex has helped push altcoins to an all time low.

if the code was a scam, then Bittrex is utterly negligent. I doubt it is complicit, but it is a big alt exchange, and should have people to ensure things are okay.

If this is true, any losses need to be covered by the exchange.

[cassius69]

we are all in this for one reason and that is to make BTC
this is like the wild west and you need to look out for yourself

the scammers know that bittrex isnt checking code.

so they will do this again and again.

how the fuck is that making us money?

check the goddam code for a hidden premine. its not hard.

dont allow more than 50% of the coin total on the exchange in the first 24 hours. thats a scammy coin distribution anyway.

this scamcoins are so bad that literally no one even downloads the wallets. all coins on an exchange.

its nutville!

[goodluckpool]

Bittrex gets 0.25% of their total volume minus operating costs.

yeah, look at the total volume in BTC? not much.

[mikesrevenge]

Bittrex gets 0.25% of their total volume minus operating costs.

yeah, look at the total volume in BTC? not much.

More than any of us combined x100!  

[HunterS]

All i can say is once some one finds a lawyer who is game enough to try taking one of these scams to a court room with enough evidence watch the flood gates open.it going happen eventually.pull any sort of this business outside of the crypto world you can bet u will feel the full force of the law if caught.i would be treading on egg shells if i was a dev or exchange involved in any of the latest scam coins

[bit1]

4 coins in the 32 days on bittrex turned out to have a hidden premine.  Nebula, ninja, sparta, and now elite.  So bittrex are you cheating people?  Is bittrex in on this scam?  Or are you just so greedy that you will add coins without any vetting to make a quick profit?  Or is it incompetence?  Please explain how you keep letting this happen. 

until where I know it guys Carsen is behind Nebula, what about ninja,sparta and elite?

[cassius69]

All i can say is once some one finds a lawyer who is game enough to try taking one of these scams to a court room with enough evidence watch the flood gates open.it going happen eventually.pull any sort of this business outside of the crypto world you can bet u will feel the full force of the law if caught.i would be treading on egg shells if i was a dev or exchange involved in any of the latest scam coins

so true. especially when they find out its the same people again and again.

in the meantime we all have to boycott new altcoins. short mining periods + ninja launch = scamcoin.

theres no way around it. taking a 100% loss is more than most traders can bare.

[CryptoTV]

All i can say is once some one finds a lawyer who is game enough to try taking one of these scams to a court room with enough evidence watch the flood gates open.it going happen eventually.pull any sort of this business outside of the crypto world you can bet u will feel the full force of the law if caught.i would be treading on egg shells if i was a dev or exchange involved in any of the latest scam coins

so true. especially when they find out its the same people again and again.

in the meantime we all have to boycott new altcoins. short mining periods + ninja launch = scamcoin.

theres no way around it. taking a 100% loss is more than most traders can bare.

Yup, how many new investors get screwed over and never to come back while also making sure 10 of his friends never trade crypto.  So sad all the greed in humanity, such shit.

[hash77away]

All i can say is once some one finds a lawyer who is game enough to try taking one of these scams to a court room with enough evidence watch the flood gates open.it going happen eventually.pull any sort of this business outside of the crypto world you can bet u will feel the full force of the law if caught.i would be treading on egg shells if i was a dev or exchange involved in any of the latest scam coins

so true. especially when they find out its the same people again and again.

in the meantime we all have to boycott new altcoins. short mining periods + ninja launch = scamcoin.

theres no way around it. taking a 100% loss is more than most traders can bare.

The trend of this past week is a huge wave of X11 scam coins

[unlock.mk]

Fuck Bittrex fuck him. He knew it !!

[rugrats]

Guys it is unfair to blame Bittrex or any other exchange that adds a coin. The answer is sometimes right in front of you by applying good common sense and looking at the risk indicators. By looking at a few things you can make a call on the residual risk of a coin based on risk factors and then see how that fits into your risk appetite. You can then either stay away or risk it all and the alt-coin exchanges currently just provide a vehicle to cater for the whole of the spectrum of risk appetite.

In the absence of regulation in alt coins (self or otherwise) you can do certain basic things to protect yourself: Elite was high risk based on such an assessment, refer here https://bitcointalk.org/index.php?topic=702757.msg7974656#msg7974656

You can't blame bittrex. If they don't add the coins - mintpal/polo or some other exchange would anyway.

If you are unsure of a coin - get its source code and check it.

In this instance - it seems no one did:

Code:

>>  pindexBest->nHeight+1!=1

Was in the codebase plain to see.

The lightning listing is an issue here. Coins are listed within a day of release, sometimes sooner.
The more competent members of the community simply do not have the time (nevermind the incentive) to check the codes.
Bittrex, who many traders assume would at least take a cursory look at the codes, does not consider this part of its responsibility.

[appooler]

Did ANY of the pool ops do a 'getinfo' after installing the daemon? Was the money supply hidden from this command?

Unannounced premine in SUMcoin just a few hours ago, easily detectable using 'getinfo':
https://bitcointalk.org/index.php?topic=710337.msg8027043#msg8027043

The major pool ops should have caught this one before it started...there is no excuse for missing a 20,000 coin premine.

Do the major pool ops give a sh!t about their miners?

The past month has been disgusting in altcoin world..