Elite coin another bittrex scam?

[naphariel]

If you need exchanges to hold your hands while deciding which coins to buy, then maybe you shouldn't be trading cryptos in the first place.

It's a free market, exchanges have no reason at all to prevent you from buying scam coins. It's your decision to buy them, and if you don't research what you're buying, that's your own fault.

Don't blame bittrex.

[jolie]

Let's not pretend that this is the fault of the customer. Bittrex is a business, money is exchanging hands for their service and in some cases they accept bribes for listings. As a business you MAKE TIME to vet the code.

Enjoy the wild West while it lasts though right lol

[cassius69]

here is what bittrex says about its process of coin selection:

"We look for coins that have high community demand, innovations to cryto-coin technology, or a contribution to science and humanity."

have you ever heard a bigger crock of shit in your life?

was elitecoin a contribution to science and humanity? was there really high demand from the community?

stop lettng these guys pull the wool over your eyes.

someone should go to prison for these crimes. theft by deception is illegal in basically all jurisdiction and with good reason.

[Dimitry]

Bittrex should refund all that got burned on elite. They should have looked over the code to make sure there was no premine.

we should make a blackmail team against bittrex. And put them to the ground where they belong! Maybe they wake up.

I have 9 hours free time a day to put into this matter so anyone interested glad to hear it

[Shadow_Runner]

Bittrex should refund all that got burned on elite. They should have looked over the code to make sure there was no premine.

we should make a blackmail team against bittrex. And put them to the ground where they belong! Maybe they wake up.

I have 9 hours free time a day to put into this matter so anyone interested glad to hear it

Nobody refund and no one gonna do something, I assure you. Sheeps doesn't have steel balls to do something, they can only be scammed like old criminal takes money from little virgin in glasses.

[Amph]

i missed this shit with hidden premine, now everything has hidden premine, how come bittrex let it pass? for money i suppose

[Dimitry]

immised this shit with hidden premine, now everything has hidden premine, how come bittrex let it pass? for money i suppose

In the end its gonna cost them more than that they made out of it!

https://bitcointalk.org/index.php?topic=711279.0

[mikesrevenge]

I have two examples for comparison....


1.  You gamble at a casino, however 50% of the machines you use at the casino are rigged to take your money 100% of the time.  DO you still use that casino when they add new slot machines?

2.  Your work for an employer, however some of the jobs you go on, are invalid, and dont pay you.  Do you still work for that company?


Its the same thing, yes there should be a level of personal responsibility, and there absolutely needs to be a level of professional responsibility. 

I've lost nothing, zero, zip, nada..... and I still feel this way.  It's not right, and anyone who defends Bittrex is comfortable taking money out of these scams and probably should not be trusted in one way or another.

[cassius69]

I have two examples for comparison....


1.  You gamble at a casino, however 50% of the machines you use at the casino are rigged to take your money 100% of the time.  DO you still use that casino when they add new slot machines?

2.  Your work for an employer, however some of the jobs you go on, are invalid, and dont pay you.  Do you still work for that company?


Its the same thing, yes there should be a level of personal responsibility, and there absolutely needs to be a level of professional responsibility. 

I've lost nothing, zero, zip, nada..... and I still feel this way.  It's not right, and anyone who defends Bittrex is comfortable taking money out of these scams and probably should not be trusted in one way or another.

yep. yes people are dumb for not 'reading the code' to find the hidden premine.

but the exchange is also wrong for aiding and abetting a scammer in committing felony theft by deception.

i am reading up on the code right now. it appears that the hidden premine is in main.h and main.cpp.

i will try and get some help and i will review the code from now on before i invest.

shittrex is still wrong though.

[mikesrevenge]

Someone should write a tutorial on how to detect pre-mines and insta-mines, and other tell tales signs of a scam in the code.

[Amph]

Someone should write a tutorial on how to detect pre-mines and insta-mines, and other tell tales signs of a scam in the code.

search for scambuster or something

[cassius69]

Someone should write a tutorial on how to detect pre-mines and insta-mines, and other tell tales signs of a scam in the code.

agreed.

here is the link to asiacoin premine scam.

https://bitcointalk.org/index.php?topic=566870.msg6535095#msg6535095

we need to examine the code from a few of these so we know what to look for.

i guess the premine will always be hidden in main.h and main.cpp

if people keep telling us we r stupid then we have to educate ourselves to protect this because bittrex isnt going to stop no matter what. they love scammers.

[rikkejohn]

Does this mean anything (from my wallet, compiled in Linux)?

14:22:24

getsubsidy


14:22:24

100000000

[Mainbrain]

Someone should write a tutorial on how to detect pre-mines and insta-mines, and other tell tales signs of a scam in the code.

check https://bitcointalk.org/index.php?topic=708132.new#new,Zeus Altcoin Evaluation System.

[mikesrevenge]

Someone should write a tutorial on how to detect pre-mines and insta-mines, and other tell tales signs of a scam in the code.

check https://bitcointalk.org/index.php?topic=708132.new#new,Zeus Altcoin Evaluation System.

That's good stuff!  Thanks!  More folks need to support projects like this!

[RazvanO]

I have heard that they add anything for 2-3 BTC

[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.

can u upload it to github and post link here ,want to check the code seriously.thx.

Not very experienced with git, but have trried.

https://github.com/dimecoinco/elitecoin



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donations of elitecoin accepted :-)

[cassius69]

bittrex needs to follow their own rules about adding a new coin.

here is what bittrex says about its process of coin selection:

"We look for coins that have high community demand, innovations to cryto-coin technology, or a contribution to science and humanity."

if they followed these rules these scamcoins would not be added.

[worriedtrader]

I posted a topic a couple of weeks ago about this very thing
https://bitcointalk.org/index.php?topic=687852.0

It's sad that it's still continuing. They are damaging crypto

[flex65]

this situation makes me cry.
i'm an ELC holder. I've bought some at 0.011
and what i see now? price @28k...and a lot of miners and holders who dump their ELC at 2k.
because of big mistake? How possible to mix two different coins?
and how much time we need to stabilize the exchange rate?