Topic: [ANN] BitcoinT [BT] | X11 | Lucky Stake | POS | BitTrex - page 24. (Read 74413 times)

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Seems too confusing to fix, would probably need to be rolled back to before POS began

There was a massive 3.3M lucky stake block generated that was dumped by the original dev.

In fact what should happen is a fork so that we get ride of the lucky stake blocks and move everything into POS. There is already a pretty nice bounty for a new dev. Around around 1.6M coins for a current supply of 24M coins.

hidden stake coin

"moneysupply" : 21170649.62217460,


but there is approx 30 million

How the community is considering a conversion to another Coin Prices per BT 50-100 satoshi I can not say exactly! Most would still have a loss, but better than nothing!

I rather think 50 Satoshi, because the Dev's Scam unknow Amount of Coins

i'm now out for a while, think about it!

As I said before I had even had this experience! and I went completely empty-handed!!

Post it I'll read it later! I just want to simply read opinions! No Promise!

I am getting some messages asking about if I would be interested in helping fix the code and fork it clean. Can someone quickly catch me up to speed here, I don't have time to prune through the thread. What was the scam? Hidden Premine? Malware inside?

well it's a big gamble to try and save this, also people will dump as soon as it gets on an exchange, i would just take my loss and move on.

Maybe, but that is certainly not confirmed. and all wallets are disabled, so they can swap all coins that are on the exchanges, and people that have coins in the wallet have to prove that the coins were mined before yesterday.

he might have more hidden premine coins... where there's one there are three...

Dev already dumped his coins...

I have seen some successful takeovers too, but here, the dev can get swapped coins too, the whole chain is bearing the scam, no way to clean it for sure. good luck with that.

there are examples of good take over coins. If there was no community support, i totally agree with you. But this is not a coin that only had 5 investors in it, this is a coin with more then 100 people involved, a little difference here...My loses are not that big, but still...

Guys move on, this is too messed up to be saved, unless you want to give the scammer dev another chance to dump on you!

No worries about that, C-CEX can do the swap, we can ask everybody to move their coins to a exchange when the wallets are open and do a swap. Maybe C-CEX or Bittrex can create a donation address for the new BT coin. The list is just to give a indication for the potential new dev what he would receive, but we need really a good dev, someone that is really dedicated to BT, someone that want to spent time on it.

I will donate 50k, but my coins are in wallet.

Attempting to fix something that was probably intentional is useless.
Best to cut losses and move forward.

The difficulty with reviving this coin is fairness to miners and investors. The POS scheme with this coin prevents that and without a blockchain it makes it harder to prove. The no blockchain was done on purpose im sure, same with the POS beginning at block 2830 while POW was still ongoing. The most blatant sign about this scam was not the funny pictures of random people with professional titles nor the snazzy graphics. The last line of the lottery rules was left undefined.. why?

If you have a certain amount of coins, you've got a chance to catch a block with higher reward.
There are three levels of lucky blocks:
1st level: from 50 000 coins (max. 24 lucky blocks per day with a reward for 5000 coins)
2nd level: from 100 000 coins (max. 3 lucky blocks per day with a reward for 15000 coins)
3rd level: from 300 000 coins (max. 1 lucky blocks per day with a reward 60000 coins)
Everyone has equal chance to win.
You just need to have equal or more coins on your balance (with accordance to chosen level).
For example, wallets with 50000 and 99000 coins have the same chances to win.
Take into account that lucky stake sum should be sent to your address in one tx.
So if u have 2 incoming transactions for instance 30k BT and 20k BT you need to send (30+20)k BT
in one tx to one your address to participate in lottery.
Lottery will be active during 30 days and will be deactivated at a certain block.

"Lottery will be active during 30 days and will be deactivated at a certain block"

As miners or investors we always have doubt, but we are also risk takers. It would be hard to blame exchanges without taking some part of the responsibility for supporting such an environment in crypto that screams out calls for regulation. But personally i would hold exchanges responsible for listing a coin on a knee jerk reaction without asking real questions to help protect their image.  Bittrex took it upon themselves to close a market without warning traders first, who was this to protect when traders lose in the end anyways? At least on C-Cex the dump was allowed to carry out and the choice was left with investors to buy a dying coin. Since investors lose out, maybe exchanges should forfeit all fees generated from trading and withdrawals from this scam as well. No reason that they should still walk away with profit while the users that keep them going lose out.

Going forward from a business perspective some suggestions for these random coin launches.

- Developers should be professional with a registered business
- Developers should be visible in the community, media or at conferences like every major development team is.
- Pool operators should take as much precaution as exchanges before providing an avenue for more people to get scammed
- Exchanges should not be able to keep profit from scam listings

These are just a few. Im sure there are plenty more positive suggestions that could be applied.
The point to all of this is self governance.. as much as the majority probably want anonymity its impossible if those that wish to remain anonymous are crooks themselves.

I had about 27k BT on Bittrex and the last buy order at 630 SAT
Watching this thread over the days i can be honest in saying that i don't trust certain cheerleaders of this coin as they have a history broken promises and shady works with other coins that are dead. Even worse.. they have "hero member" as their status.

I hope as much effort is spent trying implement some changes to prevent the next scam as is trying to keep this one alive :|

whether the coin then also hold when he goes back to an exchange! That is the question! ?? Or whether it despite all the effort then sell quickly!

Hi folks!


Anyone of you folks, who have backchannel info, and can update
us folks in this BT thread, how the process is going with;


1. When will there be a release of BT funds at bittrex and c-cex ?

2. How is the process going with finding a new dev?

3. In case a dev has been found and willing, can the dev start this work tonight already?

4. Will Bittrex support the transformation of the coin to a renewed value for its holders ?





Thanks

I believe it too, it is not just a coin like 100 other coins, i believe you can have 400 or more investors.

sounds like theres enough community support around this coin to move forward with a takeover