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[spookycoins]

It's really sad what happened to this coin.
Greed is powerful over weak minds.
Karma will come around.

[dzimbeck]

Everyone, I will put an official statement on reddit discussing what makes sense to do from here. To discuss here further is to waste time and beat the issue to death. Thanks for listening. My statement will conclude briefly, discuss about future etc.

[Anotheranonlol]

You DO own a stake in the underlying technology.....In exactly the way 1 BTC entitles you to 1 share out of 21million in the Bitcoin protocol. 1 XCP entitles you to 1 share in the CounterParty protocol

What I meant was:

Say counterparty plays host to Etherium and Bitcoin (by porting the Etherium code to counterparty etc and allowing access to the Bitcoin blockchain). That was gave it its last rise.

Great. But by investing in counterparty, you neither end up owning a stake in the Etherium project nor one in the Bitcoin blockchain. That is what I meant by "unerlying technology". Sure your investing in counterparty but that's just the broker. I thought that revaluation was rather hollow for that reason.

True, but broadly seperate the two things, ethereum blockchain, and ETH token

 the largest reason people invested a stake in ethereum was because it allowed users to execute turing complete code on a blockchain. That is the greatest value proposition of owning ETH. The fact you can execute python like contracts in a p2p decentralised fashion. The more successful smart contracts are, the more ETH will be required to be spent, hence the more a proportional share of ETH (should) be worth.

Except right you don't need to spend ETH to execute smart contracts, nor do you need to use a seperate blockchain. Everything can be compatible with bitcoin ecosystem . As far as executing most smart contracts go there is no requirement anymore for owning or spending ETH so there is no incentivization to own a stake. CounterParty isn't going through Ethereum as a middleman to executing contracts, they've just directly ported the ability to intepret and run that code.

So now users have a choice to buy a stake in ETH to execute identical smart contracts on the ethereum blockchain, (when released) or you can execute those same contracts with a stake in XCP on the Bitcoin Blockchain using CounterParty protocol right now which, currently has a much greater network effect.  So although XCP doesn't have it's seperate blockchain you still require the token to execute smart contracts. You cannot just do it with BTC in fact there really is not a lot of use in seperate blockchains- the solution now is more like a sidechain.

 So again, the same applies - the more successful smart contracts are, the more XCP will be required to be spent, hence the more a proportional share of XCP should be worth. The fact it doesn't run on it's own blockchain really doesn't mean you don't own it all of a sudden or that you're only brokering;

Aside from the ported smart contract features XCP is also required for trustless escrow/ asset issuance/ certain transfers which you cannot  do using vanilla Bitcoin protocol, and all those are original creations)

[toknormal]

Everyone, I will put an official statement on reddit discussing what makes sense to do from here. To discuss here further is to waste time and beat the issue to death. Thanks for listening. My statement will conclude briefly, discuss about future etc.

This sounds promising...as in there may *be* a future.

[dzimbeck]

I dont see why not, we can do whatever we can with what weve got.

[Criminal_Evidence1]

  Is anyone going to jail for this?!  

There is enough evidence here to put people in jail for sure.  Especially considering they are so dumb, openly admitting to doing it, and even posting full log files with the details.

I am not sure I have ever seen people go so far to incriminate themselves.  Does not surprise me it happened in crypto-currency land.

-A Law student

[toknormal]

This sounds promising...as in there may *be* a future.

I dont see why not, we can do whatever we can with what weve got.

[Cryptosis]

had a few days away... back to check on my new fav coin...

bitbay another great investment i made in the last weeks along with blocknet and scooping up some cheap xc which just went south even more.

to recap...

so bter is run by a scammer?
dz - is ok with it being a semi pump and dump scam? so long as he is not accountable being just the coder... whilst taking some nice profits mostly built upon the strength of him being public and coding halo? although would like to see some development take place eventually if possible.



the other people in the team are just outright thieves?


put an order in at 1 sat, need to cost average down a little i guess.




 

Not at all, i wasnt really sure what my options were once the project had already started. So, i had no choice but to advance. But when they started to not pay for a team and they sat on their asses with the funds, then yeah of course.

So do you think they tried to find me devs? I think not.

ok, so the BTC from Bob and Gekko is gone, that much is clear.  But there is still the BTC held by you, Steven, and Lin.  That is at least 2000 BTC and still more then enough to find and pay more devs.

but would bob and gekko gain anything if their bay was nulled somehow? I mean they got free bay ...perhaps these bay can be destroyed with a new client?

can't be hard to freeze out those wallets that got .1Billion coins right?

they didn't dump them all yet did they?

They go their btc back and dumped the bay. They have no more bay to lock out.

[elenorrigby]

had a few days away... back to check on my new fav coin...

bitbay another great investment i made in the last weeks along with blocknet and scooping up some cheap xc which just went south even more.

to recap...

so bter is run by a scammer?
dz - is ok with it being a semi pump and dump scam? so long as he is not accountable being just the coder... whilst taking some nice profits mostly built upon the strength of him being public and coding halo? although would like to see some development take place eventually if possible.



the other people in the team are just outright thieves?


put an order in at 1 sat, need to cost average down a little i guess.




 

Not at all, i wasnt really sure what my options were once the project had already started. So, i had no choice but to advance. But when they started to not pay for a team and they sat on their asses with the funds, then yeah of course.

So do you think they tried to find me devs? I think not.

ok, so the BTC from Bob and Gekko is gone, that much is clear.  But there is still the BTC held by you, Steven, and Lin.  That is at least 2000 BTC and still more then enough to find and pay more devs.

And there you have the real truth. That these chinese mobsters and David are sitting on a shit ton of free coins but david claims he has been innocently asking for dev money for weeks. Now, what doesn't make sense about that situation, and his claims? and what makes you think any of these selfish pigs is going to uses any money going forward on this, if they have not so far?

[Cryptosis]

had a few days away... back to check on my new fav coin...

bitbay another great investment i made in the last weeks along with blocknet and scooping up some cheap xc which just went south even more.

to recap...

so bter is run by a scammer?
dz - is ok with it being a semi pump and dump scam? so long as he is not accountable being just the coder... whilst taking some nice profits mostly built upon the strength of him being public and coding halo? although would like to see some development take place eventually if possible.



the other people in the team are just outright thieves?


put an order in at 1 sat, need to cost average down a little i guess.




 

Not at all, i wasnt really sure what my options were once the project had already started. So, i had no choice but to advance. But when they started to not pay for a team and they sat on their asses with the funds, then yeah of course.

So do you think they tried to find me devs? I think not.

ok, so the BTC from Bob and Gekko is gone, that much is clear.  But there is still the BTC held by you, Steven, and Lin.  That is at least 2000 BTC and still more then enough to find and pay more devs.

And there you have the real truth. That these chinese mobsters and David are sitting on a shit ton of free coins but david claims he has been innocently asking for dev money for weeks. Now, what doesn't make sense about that situation, and his claims? and what makes you think any of these selfish pigs is going to uses any money going forward on this, if they have not so far?

We'll from what was said 1200 or so btc that was used was phantom. Now there was no clarification on what that actually meant. From what I get since it was through Bter the btc was spoofed somehow to show the buys and 1200 of the btc never existed but got the bay in return as if it was actually bought. So technically most of the btc that was put into the ICO was faked and the real btc that was used came from bob and company n Lin n Steven. Actual investor btc I don't think alotted to more than 300 or less. The marketcap we see now is probably more actual than the inflated numbers we seen from ICO. This is the true coins worth right now. Can it come back? I'm not sure I'll watch and see but if the tech promised is persued then it's a given.

[Startstar]

Here are a few more chats for you guys to look over...


I'll release more and more over the coming days and weeks and I'll save the best for last!!

[2014-11-15 7:38:30 AM] Steven Dai: yes
[2014-11-15 7:39:18 AM] Steven Dai: 20 minutes left
[2014-11-15 7:39:26 AM] Gekko: w00t!
[2014-11-15 7:39:37 AM] Steven Dai: i will buy this out
[2014-11-15 7:48:41 AM] linhan.ee: all done 2765.7221 BTC collected.
[2014-11-15 7:48:56 AM] Steven Dai: i buy this out
[2014-11-15 7:49:12 AM] Steven Dai: let me check how many bitcoins i put into this
[2014-11-15 7:49:19 AM] Gekko: ok
[2014-11-15 7:51:14 AM] Steven Dai: put 1283BTC into this  and hold 0.442 billion Bitbay
[2014-11-15 7:52:38 AM] Steven Dai: so we buy 1283BTC+500BTC=1783BTC Bay..we get about 2765BTC-1783BTC=982BTC.
[2014-11-15 7:53:24 AM] Gekko: (handshake)
[2014-11-15 7:53:47 AM] Steven Dai: me and lin advance 25BTC to David.  so we get 982-25=957BTC for us
[2014-11-15 7:53:55 AM] linhan.ee: well done
[2014-11-15 7:54:04 AM] Gekko: good work guys
[2014-11-15 7:54:30 AM] Gekko: also im aware Bob was forwarded his funds already.
[2014-11-15 7:55:00 AM] Steven Dai: yes
[2014-11-15 7:55:19 AM] Steven Dai: lin send 500BTC to bob after the first ico day
[2014-11-15 7:55:34 AM] linhan.ee: Trading open time has been published?
[2014-11-15 7:55:44 AM] linhan.ee: I will setup a trading time for it
[2014-11-15 7:55:45 AM] Gekko: yes, and you sent him today 170 i beleive.
[2014-11-15 7:56:02 AM] Steven Dai: so everybody get 957/5=191BTC
[2014-11-15 7:56:12 AM] Gekko: beautiful
[2014-11-15 7:56:26 AM] Gekko: and this is only the start
[2014-11-15 7:57:18 AM] Steven Dai: and get 356 BTC values Bitbay.
[2014-11-15 7:57:46 AM] Steven Dai: so everybody will get 191BTC+356 values Bitbay.
[2014-11-15 7:58:22 AM] Steven Dai: Also we should at least Reserve 100BTC+200BTC Bitbay for DEV Funds control by ourselves.
[2014-11-15 7:58:34 AM] Gekko: of course
[2014-11-15 7:59:38 AM] Gekko: now when market opens we will push the price to at least a triple floor.
[2014-11-15 7:59:41 AM] Steven Dai: so finally the number is: 171BTC+316BTC values BitBay  and  100BTC+200BTC values DEV funds control by our five
[2014-11-15 7:59:49 AM] Gekko: and it will never come back down. never.
[2014-11-15 7:59:57 AM] Steven Dai: that's great
[2014-11-15 8:00:18 AM] Steven Dai: bob get 170BTC and 500BTC values BitBay.
[2014-11-15 8:33:03 AM] Steven Dai: when will we release the wallet and coin to bter？
[2014-11-15 8:34:13 AM] Gekko: Lin should already have the wallet installed. Just need David to send him the coins
[2014-11-15 8:34:51 AM] Steven Dai: ok nice
[2014-11-15 8:37:10 AM] Gekko: So when Lin is ready, have him post the address to David.
[2014-11-15 8:37:15 AM] Gekko: Then everything is 100%
[2014-11-15 8:38:32 AM] Steven Dai: you mean the Total Bitcoin address?
[2014-11-15 8:38:48 AM] Gekko: I mean, the exchange bitbay address
[2014-11-15 8:38:51 AM] Steven Dai: all done 2765.7221 BTC collected.?
[2014-11-15 8:38:57 AM] Gekko: no...
[2014-11-15 8:39:01 AM] Steven Dai: oh i se
[2014-11-15 8:39:03 AM] Steven Dai: oh i see
[2014-11-15 8:39:13 AM] Steven Dai: just the BitBay address right?
[2014-11-15 8:39:15 AM] Gekko: David has all the BitBay, Lin has the exchange wallet. We just need the coins in the exchange wallet
[2014-11-15 8:39:18 AM] Gekko: yes
[2014-11-15 8:39:24 AM] Steven Dai: oh i see
[2014-11-15 8:39:29 AM] Gekko: please make sure Lin gets the coins from David ASAP.
[2014-11-15 8:39:40 AM] Steven Dai: lin is offline now
[2014-11-15 8:39:49 AM] Steven Dai: i think he will be back soon
[2014-11-15 8:40:02 AM] Gekko: Can you call him? It's important that the coins are ready before 6am our time
[2014-11-15 8:40:18 AM] Steven Dai: so people can withdrawal coin是？
[2014-11-15 8:40:20 AM] Steven Dai: coins？
[2014-11-15 8:42:18 AM] Gekko: yes indeed
[2014-11-15 8:45:17 AM] Gekko: getting coins out of the exchange helps against dumping and also for POS in peoples wallets
[2014-11-15 8:45:29 AM] Gekko: POS is what maintains the blockchain
[2014-11-15 8:45:54 AM] Steven Dai: ｙｅｓ　
[2014-11-15 8:49:21 AM] David Zimbeck: when lin gives me an address i will send
[2014-11-15 8:49:32 AM] Steven Dai: ok
[2014-11-15 9:05:33 AM] Steven Dai: we need articles on Coindesk.
[2014-11-15 9:05:52 AM] Gekko: yes, i agree will do what we can to make that happen
[2014-11-15 9:07:00 AM] Steven Dai: hi gekko
[2014-11-15 9:07:15 AM] Steven Dai: do you have a plan when market open?
[2014-11-15 9:07:22 AM] Steven Dai: we need to fake the volume on bter
[2014-11-15 9:07:28 AM] Steven Dai: and also later on Bittrex
[2014-11-15 9:07:40 AM] Steven Dai: will we release the source code later?
[2014-11-15 9:07:47 AM] Gekko: I have a good bot for Bittrex, and I can take care of that market
[2014-11-15 9:07:53 AM] Gekko: but I don't have a bot for Bter
[2014-11-15 9:08:14 AM] Gekko: we can release the core wallet source sure. I will check with Flubber when the time for that is right
[2014-11-15 9:08:54 AM] Steven Dai: yes..
[2014-11-15 9:09:10 AM] Steven Dai: do we have a plan when market open GMT 22:00?
[2014-11-15 9:09:36 AM] Gekko: yes, we will build solid support
[2014-11-15 9:09:44 AM] Gekko: we hold a major % in the currency
[2014-11-15 9:09:50 AM] Gekko: we will take steps to push the price up
[2014-11-15 9:10:08 AM] Gekko: We won't "pump" it too crazy high. We just want to put it at a good price that it deserves
[2014-11-15 9:10:10 AM] Steven Dai: how many we control this？
[2014-11-15 9:10:27 AM] Gekko: well im not the market mover, that's bob
[2014-11-15 9:10:35 AM] Steven Dai: yes..if we ever can push this over 400 satoshi..
[2014-11-15 9:10:38 AM] Gekko: but, I know we will work together to push it good
[2014-11-15 9:10:41 AM] Steven Dai: then that will helps
[2014-11-15 9:10:46 AM] Gekko: I was thinking 300 - 400
[2014-11-15 9:10:58 AM] Gekko: then 400 - 500
[2014-11-15 9:11:05 AM] Gekko: and have a good floor at 400 at least
[2014-11-15 9:11:20 AM] Gekko: possibly higher if the market works with us
[2014-11-15 9:11:30 AM] Gekko: we need to release technology to really push it
[2014-11-15 9:11:53 AM] Gekko: but we can do some good price pushing
[2014-11-15 9:12:32 AM] Steven Dai: ｎｉｃｅ
[2014-11-15 9:14:02 AM] Steven Dai: we do not want people complain the price..so better we do not broke ico price
[2014-11-15 9:15:36 AM] David Zimbeck: yeah obviousl
[2014-11-15 9:15:40 AM] David Zimbeck: but Steven
[2014-11-15 9:15:45 AM] David Zimbeck: we can break it too
[2014-11-15 9:15:56 AM] David Zimbeck: because soon we will have the peg and the price will move
[2014-11-15 9:16:07 AM] David Zimbeck: but obviously it is better we never break
[2014-11-15 9:16:19 AM] David Zimbeck: because we dont want to be less popular
[2014-11-15 9:17:46 AM] Gekko: this is a great coin sir, and very cheap
[2014-11-15 9:18:11 AM] Steven Dai: yes just tell people we will rank top 10
[2014-11-15 9:18:12 AM] Steven Dai: lol
[2014-11-15 9:18:15 AM] Gekko: price deserves to rise. but without a cool release soon it may want to slowly move back down
[2014-11-15 9:18:24 AM] Steven Dai: i see
[2014-11-15 9:18:24 AM] Gekko: yes, and we will
[2014-11-15 9:18:46 AM] Steven Dai: will ask coinmarketcap add us when wallet and trading opens
[2014-11-15 9:18:59 AM] Steven Dai: so people will see us rank top 20 first
[2014-11-15 9:19:03 AM] Steven Dai: then top10
[2014-11-15 9:19:10 AM] Gekko: yes yes
[2014-11-15 9:19:16 AM] Steven Dai: then top5//
[2014-11-15 9:19:20 AM] Gekko: w00t!!!!
[2014-11-15 9:19:30 AM] Steven Dai: i hope one day we can in top5
[2014-11-15 9:19:48 AM] Steven Dai: and we control 60% of the Total Bitbay..
[2014-11-15 9:19:52 AM] Steven Dai: that will be huge
[2014-11-15 9:21:18 AM] Gekko: how much total % we have now?
[2014-11-15 9:24:09 AM] Steven Dai: 1283BTC by myself and 500BTC by bob...i hold 0.44billion and i think that group hold about 0.19 billion..so we control about 0.63 billion together

[Bobsurplus]

had a few days away... back to check on my new fav coin...

bitbay another great investment i made in the last weeks along with blocknet and scooping up some cheap xc which just went south even more.

to recap...

so bter is run by a scammer?
dz - is ok with it being a semi pump and dump scam? so long as he is not accountable being just the coder... whilst taking some nice profits mostly built upon the strength of him being public and coding halo? although would like to see some development take place eventually if possible.



the other people in the team are just outright thieves?


put an order in at 1 sat, need to cost average down a little i guess.




 

Not at all, i wasnt really sure what my options were once the project had already started. So, i had no choice but to advance. But when they started to not pay for a team and they sat on their asses with the funds, then yeah of course.

So do you think they tried to find me devs? I think not.

ok, so the BTC from Bob and Gekko is gone, that much is clear.  But there is still the BTC held by you, Steven, and Lin.  That is at least 2000 BTC and still more then enough to find and pay more devs.

And there you have the real truth. That these chinese mobsters and David are sitting on a shit ton of free coins but david claims he has been innocently asking for dev money for weeks. Now, what doesn't make sense about that situation, and his claims? and what makes you think any of these selfish pigs is going to uses any money going forward on this, if they have not so far?

We'll from what was said 1200 or so btc that was used was phantom. Now there was no clarification on what that actually meant. From what I get since it was through Bter the btc was spoofed somehow to show the buys and 1200 of the btc never existed but got the bay in return as if it was actually bought. So technically most of the btc that was put into the ICO was faked and the real btc that was used came from bob and company n Lin n Steven. Actual investor btc I don't think alotted to more than 300 or less. The marketcap we see now is probably more actual than the inflated numbers we seen from ICO. This is the true coins worth right now. Can it come back? I'm not sure I'll watch and see but if the tech promised is persued then it's a given.

about 980 btc came from outside investors... not 300!

[Tripjammer]

DAAAAAAAAAAAAAAAAAAAAAAM!

[nrg_wolf]

if this coin is such a scam, why are so many people buying it still?

[fox19891989]

LOL, STEVEN, HANLIN, GECKO are all Chinese but talked in English

[fox19891989]

if this coin is such a scam, why are so many people buying it still?

They are fooled

[toknormal]

if this coin is such a scam, why are so many people buying it still?

Because it actually has quite a potentially good future.

The scam of the IPO hasn't affected the coin's technical fortunes thankfully and in that context it's a hugely viable risk asset at this price.

[Bobsurplus]

if this coin is such a scam, why are so many people buying it still?

Because it actually has quite a potentially good future.

The scam of the IPO hasn't affected the coin's technical fortunes thankfully and in that context it's a hugely viable risk asset at this price.

Chu crazy man! David cant code for shit and everyone knows it... What you see is them trying to bring the price up so then can sell their 600M coin on anyone willing to buy them.

[GlooBoy]

I got flu sick 2 days ago and came back to catch up. Only took 10 hours of reading.

Its been said before but.. DAMN...

So glad that "libeay32.dll" didn't turn out to be a big fiasco. </sarcasm>

Watching and waiting.  and still believing in David - he's the reason most of us probably invested. And belief in a free marketplace.

Oh, and can someone please re-fill the popcorn cart..

[elenorrigby]

if this coin is such a scam, why are so many people buying it still?

Because it actually has quite a potentially good future.

The scam of the IPO hasn't affected the coin's technical fortunes thankfully and in that context it's a hugely viable risk asset at this price.

Do your research man. The guy is alone in a room in cambodia spending his days online cultivating his narcissistic online persona 18 hrs a day. What part of that  looksto you like he is gonna suddenly pull a functioning decentralized market out of his ass?

He was warned days ago that the current wallet is backdoored with an insecure iframe chat window. Has he dropped everything to fix that? Nope. Why not? In his own words - "i'm not sure how that happened". Translation: doesn't know how to fix it. Doesn't see the seriousness of it.

Go ahead and follow this Jim Jones down the rabbit hole, but nothing indicates he will be coding his way out of this mess anytime soon.