Topic: [AMC]-The Official Active Mining Cooperative Discussion - page 146. (Read 223316 times)

CEO: liar and a manipulator

1) Liar because he made a public false statement that he had shares at 0.0005 when in fact he did not. He subsequently claimed it was a mistake, that he had shares there just a few minutes ago, but this is impossible to do by accident, because he added exactly one share for sale at 0.0005 upon making his statement, and would thus know exactly how many he had there, and since he had moved his ask away from 0.0005 minutes beforehand, he would also know that piece of information. Impossible to do by accident. This is verifiable by anyone with the channel logs and the bid/ask history (which unfortunately would only be bitfunder). The reason I know is because I was the only other ask at 0.0005.

2) Manipulator because he successfully sold shares above 0.0005 and then down to 0.0005 over and over again. Upon discovering this practice, we see that people are feeling tricked and cheated. What looked like an open market was being sold into repeatedly down to 0.0005 by someone with over 39 million shares to sell. This is fact and can be corroborated by the trade history and by the reduction in share counts in the assets list.


So, you may argue the lie was small. You may argue that the manipulation was permitted by the contract. Both plausible positions to take. But it's not plausible to argue that Ken slaughter is trustworthy. On that basis, the asset is worthless.