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Author Topic: Tau-Chain and Agoras Official Thread: Generalized P2P Network  (Read 258511 times)
lordoliver
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March 31, 2016, 04:19:04 PM
 #561

How much is this prank gonna cost us?

500000*17cent = 85000$ multiplied by the percentage of shares you own.
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March 31, 2016, 04:23:45 PM
 #562

500K out of 42M is roughly 1.2%.
if the 500K would be destroyed, then this will increase the worth of all holders in 1.2%.
we can simply give all current holders 1.2% more than they have now, without destroying the 500K.
this proposal doesn't answer all concerns raised but only to demonstrate another direction of thought.

conversely we can do the calculation not according to 42M but according to the amount of coins sold, which is about 1/8 of it, so it's about 10%.

Tau-Chain & Agoras
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March 31, 2016, 04:30:16 PM
 #563

500K out of 42M is roughly 1.2%.
if the 500K would be destroyed, then this will increase the worth of all holders in 1.2%.
we can simply give all current holders 1.2% more than they have now, without destroying the 500K.
this proposal doesn't answer all concerns raised but only to demonstrate another direction of thought.

We have still all the same percentage, because the scammer will also get more. In your offer stands, that at the beginning the leftover coins will be destroyed. So its equal to say: "I will only sell 41.5M" now.
This implies, that you want to sell all tokens in any way. Whats with the not sold coins being destroyed then?
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March 31, 2016, 04:32:43 PM
 #564

We have still all the same percentage, because the scammer will also get more. In your offer stands, that at the beginning the leftover coins will be destroyed. So its equal to say: "I will only sell 41.5M" now.
This implies, that you want to sell all tokens in any way. Whats with the not sold coins being destroyed then?

of course i speak about the scammer not getting more (but about the new tokens), and the 500K holders also won't get that addition.
so it fits even with coin destruction, which is still planned as usual.

Tau-Chain & Agoras
lordoliver
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March 31, 2016, 04:40:33 PM
 #565

We have still all the same percentage, because the scammer will also get more. In your offer stands, that at the beginning the leftover coins will be destroyed. So its equal to say: "I will only sell 41.5M" now.
This implies, that you want to sell all tokens in any way. Whats with the not sold coins being destroyed then?

of course i speak about the scammer not getting more (but about the new tokens), and the 500K holders also won't get that addition.
so it fits even with coin destruction, which is still planned as usual.

Lets see, if you can let bittrex manage that. Probably not that easy, but maybe possible.
But the calculation is wrong. You can't calculate 500K out of 42M but 500k out of the sold coins...
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March 31, 2016, 04:42:18 PM
 #566

We have still all the same percentage, because the scammer will also get more. In your offer stands, that at the beginning the leftover coins will be destroyed. So its equal to say: "I will only sell 41.5M" now.
This implies, that you want to sell all tokens in any way. Whats with the not sold coins being destroyed then?

of course i speak about the scammer not getting more (but about the new tokens), and the 500K holders also won't get that addition.
so it fits even with coin destruction, which is still planned as usual.

Lets see, if you can let bittrex manage that. Probably not that easy, but maybe possible.

nothing to do with bittrex. omni dev writing a script for automatic distribution of the new token

Tau-Chain & Agoras
lordoliver
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March 31, 2016, 04:49:30 PM
 #567

nothing to do with bittrex. omni dev writing a script for automatic distribution of the new token

how does omni dev know, which of the bittrex coins were sold of the scammer?
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March 31, 2016, 04:53:04 PM
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But the calculation is somehow wrong. You can't calculate 500K out of 42M but 500k out of the sold coins...
How much are sold actually? Lets say 10M, then we are already at 5%...
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March 31, 2016, 04:53:12 PM
 #569

Those numbers dont scare me, thanx for elaborating. Waiting for further info regarding this unfortunate incident.      
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March 31, 2016, 04:56:55 PM
 #570

nothing to do with bittrex. omni dev writing a script for automatic distribution of the new token

how does omni dev know, which of the bittrex coins were sold of the scammer?

all the scammer got is known, and he transferred 500K to bittrex


But the calculation is somehow wrong. You can't calculate 500K out of 42M but 500k out of the sold coins...
How much are sold actually? Lets say 10M, then we are already at 5%...

see my demo proposal again, i edited it a minute later

Tau-Chain & Agoras
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March 31, 2016, 05:02:39 PM
 #571

nothing to do with bittrex. omni dev writing a script for automatic distribution of the new token

how does omni dev know, which of the bittrex coins were sold of the scammer?
all the scammer got is known, and he transferred 500K to bittrex
yes and they are mixed up with others on bittrex. Only bittrex knows, which coins were the scammers, and which were there already before or did I miss something?



But the calculation is somehow wrong. You can't calculate 500K out of 42M but 500k out of the sold coins...
How much are sold actually? Lets say 10M, then we are already at 5%...

see my demo proposal again, i edited it a minute later

ah ok sorry. So coins are 10% cheaper then. You could decrease the selling price by 10% as well for now. But not necessarily from my side Wink
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March 31, 2016, 05:13:46 PM
 #572

nothing to do with bittrex. omni dev writing a script for automatic distribution of the new token

how does omni dev know, which of the bittrex coins were sold of the scammer?
all the scammer got is known, and he transferred 500K to bittrex
yes and they are mixed up with others on bittrex. Only bittrex knows, which coins were the scammers, and which were there already before or did I miss something?

right, bittrex can tell if there were bid-sales then other than the scammer

Tau-Chain & Agoras
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March 31, 2016, 06:01:15 PM
 #573

Here are two screenshot of the trade history of Bittrex that show the two largest dumps for a total of 493773.96452308 tokens.
Aside from these two dumps that occured over a 1-second timeframes, there are other sell orders that could account for the missing 6k but it's more difficult to be sure which belong to the scammer.
Red frames correspond to the dump.
The 3 lines circled in blue are Elokane/Dor's orders as mentionned below.

03/30/2016 23:47:00   03/14/2016 17:25:40   Limit Buy   0.00011581    14860.70417639   14860.70417639   0.00011580   -1.72532069
03/30/2016 23:46:59   03/17/2016 20:05:02   Limit Buy   0.00020140    14858.49056604   14858.49056604   0.00020139   -2.99998125
03/30/2016 11:46:37                                                             0.00000212   406759.55205231   0.86233025 [this one is incomplete.]

First dump at 03:47:13


Second dump at 04:46:37

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March 31, 2016, 06:12:35 PM
 #574

I run the data through a spreadsheet. Here are the results:

Elokane/Dor's purchased quantity = 436478.75 AGRS
Elokane/Dor's total spend              = 5.58 BTC
Elokane/Dor's price per AGRS     = 0.00001278
 
Others purchase quantity = 57295.22 AGRS
Others purchase spend    = 9.50 BTC
Others price per AGRS    = 0.0001658
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March 31, 2016, 06:17:00 PM
 #575

I run the data through a spreadsheet. Here are the results:

Elokane/Dor's purchased quantity = 436478.75 AGRS
Elokane/Dor's total spend              = 5.58 BTC
Elokane/Dor's price per AGRS     = 0.00001278
 
Others purchase quantity = 57295.22 AGRS
Others purchase spend    = 9.50 BTC
Others price per AGRS    = 0.0001658

thanks!

by the way i talked with Dor again and he stressed the point that he'll do everything i tell him to do. i didn't really raise proposals here and trying to keep it neutral so far because i want the final decision to be accepted (or better, also offered) by the coin holders. i guess this is the project's best interest, as any resolution won't really change the course of anything.

Tau-Chain & Agoras
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March 31, 2016, 06:46:16 PM
 #576

Makes sense. I'm confident that we'll converge to a solution that satisfies everyone.
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March 31, 2016, 09:05:10 PM
 #577

Bittrex should roll back all trades with stolen coins. Ohad should recompense them for the amount withdrawn by the scammer and for their fees earned from those trades. 



There is no way to reverse the trades.  By the time we were notified, the coins were dumped and the BTC had been withdrawn

thanks,
richie@bittrex


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March 31, 2016, 09:13:40 PM
 #578

Bittrex should roll back all trades with stolen coins. Ohad should recompense them for the amount withdrawn by the scammer and for their fees earned from those trades. 



There is no way to reverse the trades.  By the time we were notified, the coins were dumped and the BTC had been withdrawn

thanks,
richie@bittrex






I second that. If possible, bittrex should make a roll back and get compensated for any financial damage caused by withdrawals and such.

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March 31, 2016, 09:43:24 PM
 #579

btw as i said above, compensation from my side is not an issue.

Tau-Chain & Agoras
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March 31, 2016, 09:53:41 PM
 #580

Bittrex should roll back all trades with stolen coins. Ohad should recompense them for the amount withdrawn by the scammer and for their fees earned from those trades. 



There is no way to reverse the trades.  By the time we were notified, the coins were dumped and the BTC had been withdrawn

thanks,
richie@bittrex






I second that. If possible, bittrex should make a roll back and get compensated for any financial damage caused by withdrawals and such.


I too agree that this is the best and simplest way to handle this matter.

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