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Author Topic: Elite coin another bittrex scam?  (Read 10561 times)
naphariel
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July 26, 2014, 09:18:13 AM
 #121

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
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July 26, 2014, 10:34:25 AM
 #122

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
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July 26, 2014, 10:43:39 AM
 #123

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
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July 26, 2014, 10:45:56 AM
 #124

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
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July 26, 2014, 10:49:19 AM
 #125

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
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July 26, 2014, 11:10:12 AM
Last edit: July 26, 2014, 11:35:21 AM by Amph
 #126

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

Dimitry
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July 26, 2014, 11:11:00 AM
Last edit: July 26, 2014, 11:45:53 AM by Dimitry
 #127

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
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July 26, 2014, 12:14:32 PM
 #128

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
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July 26, 2014, 12:23:21 PM
 #129

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
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July 26, 2014, 12:26:07 PM
 #130

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
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July 26, 2014, 12:31:47 PM
 #131

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
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July 26, 2014, 12:33:41 PM
 #132

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
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July 26, 2014, 12:37:27 PM
 #133


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

14:22:24

getsubsidy


14:22:24

100000000

1PkwpyTLo5TfagzCPgjdvQFNVzuEyHViGt
Mainbrain
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July 26, 2014, 12:38:14 PM
 #134

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.

Show me your Bitcoin address.
mikesrevenge
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July 26, 2014, 12:41:13 PM
 #135

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
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July 26, 2014, 12:46:27 PM
 #136


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

rikkejohn
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July 26, 2014, 01:21:34 PM
 #137

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



EbH65KWutujC5HXbcSSEhuYmatmw3v5r4r

donations of elitecoin accepted :-)

1PkwpyTLo5TfagzCPgjdvQFNVzuEyHViGt
cassius69
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July 26, 2014, 01:37:27 PM
 #138

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
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July 26, 2014, 01:40:13 PM
 #139

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
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July 26, 2014, 02:43:42 PM
 #140

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?
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