Topic: [ANN] ArabianChain - DubaiCoin (DBIX) - Smart Contracts from Dubai to the World - page 214. (Read 522802 times)

It was a rhetorical question, but yes you're correct.

Hello guys, 1st time using local wallet, I sent from it to livecoin.net, 8 hours ago, it appeared on dbixscan, but still didn't reach my account, here's the transaction: http://dbixscan.io/tx/0x293600b0585f39d9b144d1919448454899c353573ce9435f74d0fc215aeec725
Any help?

I stand corrected. Thank you for this clarification. My apologies to the people in this thread for my error.

Resume the frenzy

Guys, I think the 540k livecoin wallet is just the way livecoin works.
I think that everyone's livecoin "wallet" is that one wallet, and they keep track of which user owns how much in a database somewhere.
So the 540k coins are just the number of coins on the exchange. The rest are in cold storage in people's private wallets.


That being said, WTF are people doing?
STOP mining directly into livecoin.
WITHDRAW every single coin from livecoin into a cold wallet, and only deposit to livecoin when you actually want to trade.
You people have given livecoin access to 50%+ of the supply. What if the before-mentioned database gets hacked, and someone assigns all the coins to himself?

God damnit.

To be fair, those 540k coins are what livecoins has on all accounts that own dbix, those are not only sellers

People just keep their dbix in Livecoin wallet. They can any time withdrow money. Everyone who scares can withdrow to his own wallet. It is normal
because it is only exchange that you see all money there. Nothing to be afraid of.

Explain yourself. It's pretty obvious that I know this is livecoin's wallet because that's who I e-mailed. My point is that the fact an exchange house holds more than 50% of the tokens is exactly the problem!

Okay i'm reading this and i have a problem. I can't run my wallet without doing it as administrator, so, if i do it normal it doesn't connect with the gdbix and it never connects. So if i run it as administrator, then i make the nodes bat file, when i open it it just automatically closes, so this is a close path. but i find another path, if i run the wallet without administrator permissions, i can open manually the gdbix, and then, the nodes.bat and do the process , but another error here, and is that when i open the wallet normally, it doesn't show my wallet, it is just blank, empty.

I need help, i don't know what to do. If someone can help me on teamviewer i really will appreciate it.

Pd: i can't backup my wallet too. Freaking shitty bug wallet.   

dear friend,

I made several pools, you did not configured your pool well,
your reward is 5 coins and it should be 6 dbix/block

who made you pool, didn't do well

Any DBIX sent to livecoin.net in the last 48h. ALL OF IT.

man you are really an idiot, this livecoin wallet

i just deposited too and it ended up in that wallet too

I just did 2 separate deposits and they both ended up in this wallet and not mine...

Is it just the mining deposits or all the deposits they are holding at this address?

so it's taking over 2 days for your coins to show you in Livecoin?

I wrote this e-mail to livecoin. I am looking forward to their response:

Hi,

I have been monitoring the situation with Dubaicoin for a few days now. To my understanding, you have been stopping miner's deposits and these funds have been allocated to a single wallet belonging to Livecoin which now contains nearly 540,000 DBIX http://dbixscan.io/addr/0x22038431b892e60e3b2f4936d119ffca114a385a

This is a very big problem. You now hold more than 50% of the circulating supply of a token that has increased in value by more than 200% in the past week. Can you please provide a detailed response as to why exactly you have been preventing deposits (whether it is due to a technical glitch, market factors etc.). You also said that you are reimbursing those who incorrectly deposited through your own schedule but have not specified to the community  what rate this is.

There are alot of people who have invested in this coin in recent weeks and a price shock through what you are doing (whether by accident or on purpose) could hurt a lot of people and the reputation and future of this  project. We need clarity to protect the community, the investors and the future of this coin. Furthermore, further information on your part will help alleviate concerns that your  exchange is manipulating the price of a coin that appears to have one of the highest, if not the highest volume for your exchange.

Thank you. For your information, I will be posting this message and your response on the ANN thread found on bitcointalk.

Thanks,

Yes, this is a big problem. The developers need to straight this out quick!

We need clarification on what livecoin.net is doing with that massive wallet of coins and we need to get dubaicoin on another exchange. There is no reason for a top 100 coin to be at the mercy of the price manipulation of a single exchange house holding more than 50% of the circulating supply of tokens. This situation is very dangerous for all involved.

Traders and speculators, please be careful.

They have no right to hold that coins, if the market crash let it be. If you want them to distribute them slowly then they are doing market manipulation which is unethical. I dont want DBIX to crash also but livecoin is in dilemna holding those coins will harm their reputation.