Dear Bittrex,
almost 2 weeks ago you decided to start the delisting of e-Gulden EFL. I understand you are an autonomous entity without any obligation to clarify it's decisions, but I on my behalf have every right to question that decision in public, so here we go:
When e-Gulden EFL got listed on your exchange as one of the first 15 coins, according to date on your exchange, the team of e-Gulden EFL was different. You didn't know anything about this group of people and as a result they had no accountibility for their actions and took maximum advantage of that. e-Gulden EFL still suffers to this day from this loss of reputation, but it is the reason why the current team took it's position. We wanted to prove that, even with a launch as bad as e-Gulden EFL, cryptomoney is stronger then FIAT. These new people have fulfilled all your requests, you have a copy of our passport, know where we live and communication could be very easy and fast. For allmost 4 years our coin traded below 1 cent, untill 2017 and 2018, when the maximum value got to a new all time high. In januari of this year we reached the price of 45 eurocents per EFL, close to the value of the old Dutch Gulden, our currency before the euro was forced upon the Dutch citizens. A sound succes that we celebrate untill today.
It has never been in the interest of e-Gulden EFL to improve the e-Gulden EFL blockchain to something faster, more private, or any other technical feature that is not understood by most. What we intend to do is be a Dutch beacon for those in need of extra assistance when dealing with blockchain. We have a group of people surrounding us, but you can imagine that when you focus on a specific userbase like e-Gulden EFL is doing with the Dutch citizens, that this group of people will never be as large as a global coin. Also, most of our community members are not actively participating in being part of our online community, they receive our newsletter with tips and take them for granted, if they have any questions they will ask them on our forum, as you can see, after your message about delisting our forum.e-gulden.org set a new record in cumulative people logged in on 17th october, with 85 people logged in simultaneously, the previous record was 77 in januari after our price broke it's ATH.
After you platform was a victim of theft about 18 months ago, we have intensively worked together with you and created a secure feature in our protocol that we call OERUshield. Your damages where compensated out of our own pockets and we agreed that washtrading practices where not any longer to be taken from anybody that was in contact with you at that time.
You see Bittrex, what you fail to see is what e-Gulden EFL can do for you and that is what I'm going to line out for you, in the hope that you might change your decision, but if not, then let me also make clear that our project is the same as 4 weeks ago and we can only be greatfull for the buying opportunity that you provided for us.
https://www.dumpert.nl/mediabase/7546969/fce3ab6a/sale_.htmlI simply can't grasp the idea that you prefer Tether over e-Gulden EFL. e-Gulden EFL is a grass root project where nobody is excluded from participation, everything is open for everybody to join without censorship. Tether on his behalf has a CEO that cannot be found and refuses to give any insight to it's financials. I have been saying to everybody for atleast 12 months to stop buying Bitcoin as the wave is turning against the buyers. I have no knowledge of how many people follow my advise, but atleast I personally am. I am currently waiting on Tether to become MtGox2.0, because when that happens the marketcapitalisation of crypto's will lose 75% over night, e-Gulden EFL just gave us the perfect real life example what will happen to a cryptocoin when it's larges market and it's liquidity disappear. At that point in time Bitcoin can use all the help it can get to save it's reputation. This is where e-Gulden EFl can help the entire cryptocommunity is spreading a message that comes from a different background then your average advisor who receives a paycheck in government debt.
You see, in the past 18 months financial institutions took a position in every coin possible, they have stresstested all of them because they had to get knowledge from a new way of doing financial transactions. They started to double spend first to make the cost of accumulation as low as possible and when Bitcoinprice went up, they had the ability to sell with a bitcoin loss, because these financial institutions calculate their profit in euro/dollar/ or let's stick to government debt. Whenever bitcoin doubles in value they can sell an altcoin at hallf the satoshiprice and still break even. This is how they are slowly trying to manipulate the prices of all coins downwards and try to make the case that their government debt is a much better form of money then our beloved crypto. When Tether will fall all media is going to be used to let the people that have been manipulated into buying in december sell this time at record low prices of the year. There is going to be a full force attack on everything crypto and this is the moment when e-Gulden EFL can help to shine a different light on the matter then most expert on TV will tell you. They are going to try and sell us Ripple, I am sure of it and wrote 4 stories about that in Dutch the last week on my webpage
www.sgulden.nl. We have had to hear all year how bitcoin lost 70% of it's value and Tether is going to be the icing on their cake and a moment for the cryptocommunity to make a stance against our real enemy, instead of fighting eachother. Because of this vision I did not provide any significant volume to the EFL market, if you would have told us or write about it somewhere I could have made a different decision.
Not to be hard on those others, but why did e-Gulden EFL get picked out to get delisted? We respond to all your messages within 12 hours and apart from 1 bug that was resolved later on we never had any technical error in all those 4 years. Our blockchain runs without stopping and with the new shield in place we are good to go for the next couple of hunder years. I remember the partnership with verge and pornhub. Have you seriously ever concidered paying for online porn? Since that announcement the number of bugs found with verge are not to be counted on 1 hand, but still you offer them a market. Our fellow dutch crypto Gulden NLG want's to get delisted from your exchange, but you keep on hosting their market against the will of their CEO.
What I pick up is that your organisation grew a lot since the start and that communication is currently your bottle neck. Some technical team is scanning the markets and picks up that trade volume does not meet your requirements. Technical employees probably have a higher rank then other staff, so if they make a decision the rest just has to go with it. Your message really came out of nowhere, If your would have made a comment about our market being in danger I could have considered buying some bitcoins with the money that is currently waiting for Tethers downfall and put the volume up a bit. I think it is just bad policy to make decisions like this, especially because volume of EFL is completely not a way how to measure success of a coin.
I understand that hosting a market costs money. That is why I accepted the confiscation of my UNO earlier this year and told you that the profit you got out of that should be counted toward missing turnover of EFL. 0,5 BTC per day * 365 makes roughly 200 BTC turnover per year * 0,25% makes 0,5 BTC in revenue for bittrex, we have offered you this calculation not for the first time and are willing to pay that amount if you keep our market online.
Yes, I also would like to see millions of bitcoins go over the EFL market every day, but that is simply not the nature of our coin. We advice people to take coins out of the market as soon as possible and use for example
www.efl.nl for small amounts of money that can be instantly transacted among participants without taking space in our blockchain. I really hate this current situation because at the moment of your delisting message I was talking with people behind a crypto news website to take a position in EFL in exchange for me becoming a columnist on their webpage. It was a dream job for me and these people where really interested in not just a partnership with me, but the potential that EFL holds. We where talking about the final details on friday 12th, but when the announcement was made that EFl would get delisted all of the previous time was wasted and cryptotrader.nl took back it's offer.
Next to that, I am involved in the Liberland project and intend to become president of the freeest country in the world one day. Do you have any idea how my reputation is harmed by your decision, that is based on nothing but a number of howmuch profit you make? I personally see cryptomoney as a political vehicle and although not much people notice it yet, it did get me in national media more then once, you can enjoy watching me sail to Liberland in this Dutch documentary that was aired on national Dutch tv to over 150.000 people here:
https://www.youtube.com/watch?v=Lt9dp62tO7o Untill this day I am waiting for over 100.000 in liquidity to be available for me to use again, that money alone could set a spark to e-Gulden EFL and that is just 1 guy, imagine what would happen if more people start to understand that in todays time you vote with your wallet and not with a red pencil.
Again, just tell us about your plans and we can make a solution, I am sure you will make 2 parties happy if for example you stop hosting the Gulden NLG project and keep our e-Gulden EFL market alive. I am in direct contact with Rijk Plasman and he already congratulated me on the delisting and asked the question how he can get the same deal, why is it not possible to talk about these things with your company and is there no symbiose between your company and the crypto's that you offer to your clients? I understand it is way more profitable to list a random ICO project that has a dedicated fund for marketing purposes or a marketmaker budget, but is an ICO really a cryptoproject, or just a different for of stock trading? Yes there is only limited space to offer coins and that is why you make a selection, but I just gave you a perfect alternative that allows you to make room for new projects and help 2 of the projects on your platform in the same time, basically a win-win-win. If you told us that there need to be more liquidity in the market we would have communicated about the tether situation and the reason why we are currently low on Bitcoin.
I personally see EFL as one of the gems on your webpage, the history and emotions surrounding this coin are truly golden and if we could find somebody with 50 BTC that wants to make an impact on today's world then EFL would be the place to go. With 10 btc you currently pick up 1 Million EFL under 1000sat each, with 30 btc extra you buy the price up to 50 euro per coin (0.01 btc each) and with the remaining 10 BTC you will keep the price above 1000sat in case some weak hands still want to dump, giving you the option to start making turnover above 1000sat and make an instant profit on you bought million. The 30 BTC buy to 50 euro per EFL would generate so much attention in the Netherlands that EFL could become a hot news topic in our homecountry. 50 BTC would buy the trust that is missing today and at that point people would finally start to listen to what we have to say. Untill today we do not have enough impact and people do not take us seriously if we say that Bittrex is not e-Gulden EFL, just like Bitfinex is not Bitcoin. People don't want to hear about how their government debt is losing against crypto and with all the media in power of the banks are manipulated into thinking that bitcoin is for criminals or people that are stupid enough to buy into a piramid scheme.
I really hope you will reconsider your statement, if I would have had 50 bitcoins I would make that pump myself right now, but I just don't want to risk buying bitcoin right before the dip of MtGox2.0 and even if bitcoin loses 50% in value I'm not sure if I would make it to 50BTC when I buy.
Just let me end with saying that our partner
https://www.bitcoinmeester.nl/e-gulden will continue to host e-Gulden EFL for their customers and have the ability to connect with our cryptopia.co.nz market. They even announced that they are going to add a developer to our team that is going to take care of the user interface of our website! e-Gulden EFL has been mentioned more in the past 2 weeks then in the 3 years before that, so thanks for that extra attention I guess, Bittrex. Our project is still very much alive, and we will move forward from here. I just have 1 final question, when you delist the market, do I have extra time to get my coins of the exchange, because this amount is too large to be confiscated like you did to my UNO's when I was 1 day late in withdrawing them. I am not just giving up like the foundation is willing to do after they spoke with you. In this letter is a perfect solution for all, so why not adjust your stance in this matter and act on a new situation, it is very possible indeed, I hope you think about it.
Have a e-Gulden EFL day,
Yoshi Livo
