Epimetheus
Legendary
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Activity: 1120
Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2014, 11:11:42 AM |
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Where is the dev? He is not making a comment or statement at all? Sure.. This was so obvious man. Thanks Bittrex for "doing the right thing" ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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fox19891989
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2014, 11:16:42 AM |
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good result the dev got fucked over all the time he wasted and money for website etc hopefully the motherfucker will think twice before his next scam but i'm sure he will be back stay vigilant people
SURELY He will use another account and make a new scam coin
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discodancer
Sr. Member
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Offline
Activity: 378
Merit: 250
Time is Money - Benjamin Franklin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2014, 11:31:00 AM |
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I have been thinking about this.
Could the dev have been a whale in the ICO to dump and cause a panic to buy at 3k so he can get a refund at 10k?
Or an even crazier theory.....bittrex bought a huge lot during the dump and now refunding themselves to buy at 10k? The problem is if they get caught making 100 BTC they would lose all the potential 10000BTC of having a honest exchange so not worth the risk. Hence the words "Or an even crazier theory"......
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tedbundy
Newbie
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Activity: 14
Merit: 0
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2014, 11:51:21 AM |
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So did bitterex ever destroy the unsold coins? The only reason this guy did not get away with it is because of the price crash on open trade causing people to panic. Im interested to know if dev caused crash trading coins.
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minairia3
Sr. Member
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Online
Activity: 1582
Merit: 326
Vave.com - Crypto Casino
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2014, 12:14:03 PM |
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When you get your refunds come over and check out Pandacoin https://bitcointalk.org/index.php?topic=568529.4520Interesting stuff going on, either this is the next Dogecoin or nothing at all. There's a very different vibe in their Forum.
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sdersdf2
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2014, 12:19:36 PM |
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I have been thinking about this.
Could the dev have been a whale in the ICO to dump and cause a panic to buy at 3k so he can get a refund at 10k?
Or an even crazier theory.....bittrex bought a huge lot during the dump and now refunding themselves to buy at 10k? The problem is if they get caught making 100 BTC they would lose all the potential 10000BTC of having a honest exchange so not worth the risk. Hence the words "Or an even crazier theory"...... There's no limit to how cynical things can get in cryptoworld these days.
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ripp3r
Newbie
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Activity: 3
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2014, 12:22:47 PM |
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lesson learned.. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Bitrexx did the right thing thumbs up!
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armlock
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2014, 01:24:13 PM |
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Thx Bittrex to do the right thing! +1
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owlcatz
Legendary
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Activity: 3752
Merit: 1973
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2014, 02:22:04 PM |
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Those 7 million were sent to an unspendable address to those two unspendable addresses above by bittrex. I can't find the post, however, you can count on them never being spent. Google Proof of burn, it's just like counterparty - destroy coins by sending them to addresses with no known or usable private keys. Edit, sorry i don't know the answer to the other questions, i have only followed this coin because it appeared scammy starting last weekend....
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[/ce
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MedaR
Legendary
Offline
Activity: 2380
Merit: 1026
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2014, 02:25:41 PM |
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good result the dev got fucked over all the time he wasted and money for website etc hopefully the motherfucker will think twice before his next scam but i'm sure he will be back stay vigilant people
SURELY He will use another account and make a new scam coin +1 ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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fairglu
Legendary
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Activity: 1100
Merit: 1032
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2014, 02:57:59 PM |
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Where did all the coins come from that are on the market right now??
Is Bittrexx on a different fork? Can someone search for their Bittrexx clst wallet address on the block explorer?
They never hit the blockchain, BITTREX only allocated them to user accounts in their internal database, and they never enabled withdrawals, which would have made some of those coins visible on the blockchain. This is standard fare for exchanges: all the accounting and transactions happen in their internal databases, not on the blockchain, only withdrawals and deposits are visible on the blockchain. (and this is btw why if you're into crypto to avoid banks you shouldn't leave funds on an exchange, coin anonymity or pseudonimity features mean nothing for funds on an exchange)
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px66
Newbie
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Activity: 39
Merit: 0
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2014, 02:58:28 PM |
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Those 7 million were sent to an unspendable address to those two unspendable addresses above by bittrex. I can't find the post, however, you can count on them never being spent. Google Proof of burn, it's just like counterparty - destroy coins by sending them to addresses with no known or usable private keys. Edit, sorry i don't know the answer to the other questions, i have only followed this coin because it appeared scammy starting last weekend.... EDIT: Thanks fairglu for explanation.
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z38630610
Legendary
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Activity: 1050
Merit: 1000
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2014, 03:16:26 PM |
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bittrex open exchange
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zmizmi
Newbie
Offline
Activity: 41
Merit: 0
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2014, 03:22:54 PM |
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I said that scamcoin ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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travis72682
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2014, 04:52:29 PM |
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lol @ the people buying above 10k *facepalm*
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owlcatz
Legendary
Offline
Activity: 3752
Merit: 1973
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2014, 05:22:33 PM |
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Those 7 million were sent to an unspendable address to those two unspendable addresses above by bittrex. I can't find the post, however, you can count on them never being spent. Google Proof of burn, it's just like counterparty - destroy coins by sending them to addresses with no known or usable private keys. Edit, sorry i don't know the answer to the other questions, i have only followed this coin because it appeared scammy starting last weekend.... EDIT: Thanks fairglu for explanation. i can has not be fairglu, but fanks anyhow! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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[/ce
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WhiteVisitation
Newbie
Offline
Activity: 6
Merit: 0
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 27, 2014, 05:28:32 PM |
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lol @ the people buying above 10k *facepalm*
I couldn't believe it when I saw it. Thank you Bittrex for my money back ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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