They just pointed that cryptopia lied.
And last thing this possession is amazing it looks like this coin does go towards gold-backing.
Massive instamine is earnings. Miners make up part of the network. Taking the fee is controlled by the aurumcoin code.
The developers of Aurumcoin financially benefited from the creation of Aurumcoin. Are you trying to say it is a not for profit charity ?
Who lied ?
Proof Aurumcoin lied:
AurumCoin – The first distributed open source cryptocurrency to be backed by gold
Proof it is a lie:
Aurumcoin has NO GOLD.
It has no gold so it is not the first.
It cannot become the first because there are other crypto currencies already backed by gold.
https://www.ft.com/content/6d51117e-5806-11e3-a2ed-00144feabdc0
e-gold was the first electronic currency backed by actual gold.
Perth Mint is currently a reputable company offering a gold backed crypto.
https://www.perthmint.com/media-release-InfiniGold-and-TPM-digital-gold-cert.aspx
Perth mint has actual gold backed Crypto https://www.infinigold.com/
Someone has to be responsible for the gold. Perth Mint has been a trusted company for many years.
https://onegram.org
Onegram is a decentralized crypto backed by gold.
Lie #2
Cryptopia got hacked
https://archive.fo/iNLQa
Proof it is a lie:
Aurumcoin published on 10 November that “Cryptopia got hacked”.
This is untrue. None of the exploits used in the 51% attack touched the Cryptopia servers.
Aurumcoin got 51% attacked. In this attack a single attacker took over the blockchain and “overruled” the previously mined blocks by the honest miners and replaced it with “privately mined blocks that were mined in secret by the attacker”. This reversed transactions that had been previously confirmed by the Aurumcoin network. The exploit occurred entirly on the Aurumcoin network.
Balance of funds are held on the distributed ledger (Blockchain). A hardware wallet only holds the public and private keys. The private keys remain secure.
This means that if funds are reversed they are removed from the distributed ledger (Aurumcoin blockchain) and become no longer available. None of this is under the control of the wallet owner. This process occurs entirely on the Aurumcoin network.
Lie #3
Cryptopia do not admit a 51% attack
https://archive.fo/cOcYF
Proof it is a lie:
9 November Cryptopia publishes the 51% attack. Prior to this Cryptopia sent a report on the 51% attack to the Aurumcoin developers.
https://archive.fo/iNLQa 10 November Aurumcoin Claims Cryptopia was hacked.
https://archive.fo/cOcYF 11 November Aurumcoin claims Cryptopia do not admit a 51% attack
Lie #4
Aurum coin was worth $40 before Cryptopia paused the market.
Proof it is a lie:
https://coinmarketcap.com/currencies/aurumcoin/
It was worth less than $4
Aurumcoin lied and refused to communicate:
They have lied about lots of things and that make them a scam.
They could easily fork to return the funds. Like verge did.
https://news.bitcoin.com/verge-is-forced-to-fork-after-suffering-a-51-attack/
They could easily fork to return the funds like Ethereum did after the DAO attack.
They could easily fork to return the funds like smartcash did after their zerocoin exploit.
They could easily pay back the coins like many other coins that were 51% attacked did.
Aurumcoin doesn't care about their users.
Aurumcoin doesn't care that their exploited blockchain caused losses.
These are the people that promised gold backing but failed to deliver !
If 15K was taken through a 51% attack then think about it - such an amount is only owned by the top 50 holders of AU.
97.85% of the coin is held by the top 100 holders. Inside job ?