Elite coin another bittrex scam?

[Hatch]

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.

Ummmm. What exactly does this...

>>  pindexBest->nHeight+1!=1

Do?

[bit1]

In case of nuclearcoin dev lock source, it had miners working 2 days and never hit exchanges,maybe he used its hashrate to anothers purposes.....
besides lock thread and miners dont cant talk between them.

[RUNNY]

I can't cancel my buy order.
Why? 

[bit1]

list continue MACD dev vanished,SPCC,Nebula,OHLC,maybe Lizarde

[bit1]

If a dev release code before days the coin can be cloned quickly, but if doesn´t like a ninja launch, code cant be checked by coders how in this case,

so any solution?

[MacHead2006]

Why I see some move orders while market is paused ?
I cant make new and cant cancel existed but SOMEone (Bittrex dev ) can.

I see no trade occure but anyway.

[Tearscoin]

I don't think we should blame bittrex on this one!!!

i think most of coins on bittrex are shit coins and they just add coins freely and then remove them freely, this exchange is very irresponsible. They only cared for making money. avoid it.

[doch]

Why I see some move orders while market is paused ?
I cant make new and cant cancel existed but SOMEone (Bittrex dev ) can.

I see no trade occure but anyway.

https://twitter.com/ramikawach/status/492865545989926912

The market's closed and open orders have been cancelled.

[bit1]

Why I see some move orders while market is paused ?
I cant make new and cant cancel existed but SOMEone (Bittrex dev ) can.

I see no trade occure but anyway.

maybe is a bot

[prix]

I read somewhere that bittrex makes verification code before adding coins. It is very bad that it is not.
It's very easy to find premine in this case: I have found it in 10 seconds (not counting the time to install and run the wallet). Bittrex could make such automated checks, but they don't want.

Code:

EQzNAEKb38qYndEzR5CUgPefnpUUu4vJ1R: 	20002.0

[doch]

I don't think we should blame bittrex on this one!!!

i think most of coins on bittrex are shit coins and they just add coins freely and then remove them freely, this exchange is very irresponsible. They only cared for making money. avoid it.

This was one of the main reasons bittrex became popular in the first place. They added new coins that weren't on other exchanges, because that's what people wanted. Of course as soon as something like this happens it's obviously bittrex's fault and not the fault of people so desperate to get in on some shitty one time pump and dump coin that they can't even be bothered to look at a coin's source to see if something's wrong. If you lost money on this coin you have nobody to blame but yourself.

[Tearscoin]

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.

Ummmm. What exactly does this...

>>  pindexBest->nHeight+1!=1

Do?

so you think these exchanges should exist? i don't think these exchanges are doing the right thing. add coins and remove coins freely need to resist

[mikesrevenge]

Would an altcoin reputation system be useful?

Maybe have a procedure to earn reputation?

[bit1]

Would an altcoin reputation system be useful?

Maybe have a procedure to earn reputation?

I think that yes, but it cost money maybe a couple of good coders checking codes before launch, miners,pools and exchanges could donate to make it possible..... maybe a part of premine or I do know

[MacHead2006]

Market resumed.
Ah.... imposible

[bit1]

Market resumed.
Ah.... imposible

coins appears in altcoincalendars many of them not all,  is a good place to detect scamcoins..... but it cost money,, they need support.....

[lvyuan95]

I don't really think Bittrex is involving this, their platform is decent and they dont want to ruin their rep like this

[shrekster]

I think bittrex should refund people a certain percentage. Yes you may say it is the users fault, but if bittrex wants to maintain and stop its decline they have to own up to this as well. People trust their exchange and like it or not,not everyone is a coder and is able  to point out faults and scams.  I think they should be closely monitoring coins as close as we are. They cant just keep adding coins and hope that it works out for the best.

[bit1]

or what about of launch a couple of supercoins supported by all community,like to Bitcoins but with improvements and fair distribution?   and shitcoins will be out of miners and exchanges........

[MacHead2006]

I think bittrex must implement some anti-scam.
If price dumps 10x times its OK - its market.
But if SOME send 20K coins when only 4K+ exist its obv. SCAM.