Gee, who cares to 51% attack this shitcoin now? It has no value outside of Bittrex. If they notice anything suspicious like a long reorg with large deposits coming, they will shut it down pending investigation.
I don't care if Priceslide or the dev or whoever gets a major share as long they play by the rules. When these rules get changed in favor of someone, it's a scam.
What you say about Cryptsy coins sounds like "they stole from ppl, the dev stole from them, ppl should be happy". That's utter bullshit. One theft doesn't justify another.
Please remember if the coin were swapped at the rate that came into Bittrex all coin would be on Bittrex and a group could have owned it all and most were running scared to get out. This is why Priceslide owned so much and cheap. So when the coin swapped it had to be at a higher control value so that there could not be manipulation by outsiders or 51% attack which means nothing to you.
The Rules include the Dev paying fees to keep the coin alive. Not sure why you don't get this but the costs are not made up out of thin air by me. I know it costs around 3 BTC maybe 4 to deal with Bittrex. Do you think Priceslide would have paid this fee? The Dev could have saved probably 6 to 10 BitCoin by just walking away 6 months ago due to Cryptsy and all kinds of trouble. You can't really steal something if it was thrown out in the garbage and Cryptsy trashed all of Crypto so the 2 things you state don't equate! And you are saying that the 10 Bitcoin are worth nothing in the equation as a cost to recoup a stolen product off the shelf that Cryptsy left bare.
Here is what I suggest... Since the coin had to be restructured to stay on the exchange and keep Priceslides investment alive and the coin has costs involved to keep it working. I think we can agree there are costs to keep the coin alive right?
The 51% should be used to PoS the coin perpetually and pay for costs from here on out. This will perpetuate the coin as a stable entity and an exclusive concept. Now there are even less coin to ever be sold and only the stake from that wallet will be used. It will be the number at the time of the swap and not allowed to deplete itself from the original number.
So now we have 3.6 million coin total approx, and the marketable coin is 1,836,000. Of which priceslide would have held 400k or a quarter of all marketable coin and may still hold 140k. The dev will hold approx a quarter that is the Dev's deservedly!
The wallet and funds created by the PoS of the 51% will go to costs and community development and any other aspects needed, maybe buy products to sell and only if they sell at discounts to entice a further buy market. The costs will be written to the ledger and this can be implemented so that it is public.
Now what happens is that the market can actually subsist and pay for the coins existence naturally. Also what can happen here is that the coin will show a new Median Price point that may correlate with the PoS. That is why portions should be used to buy products and write them to the ledger as a boost and the first of a kind ebay type transaction. Seeing as how no one would take EXCL by itself as payment for their product being it is too risky, but many people would buy EXCL for a chance to bid on a product below wholesale or even better we can call it the 51% off and start the bids at 51% of retail.
I think I have just solved the problem and created a buy on the market and this plan will perpetuate the coin and show a funny flip side to the near demise of EXCL and we do 51% attracts instead of attacks!
So now what happens is the coin that is PoS from the 51% is distributed into the small portion of coin that exists! This makes it worth buying alone! If products are available then people may sell their BitCoin for EXCL and Bid on the products... If there is enough buy support to start the chain of events to buy popular items and start the bidding at 51% So a $100 product starts at $51 and lets say it sells for a deal at $70. The PoS lost $30 but the market cap rose from people buying EXCL to spend on auctions. They won't be selling their EXCL since they pay $70 worth to get the product and the PoS fund can now put back $70 into the next product to buy. If the coin boosts enough doing this over and over it will be like having a store that perpetually gives prices cheaper since people have to buy its Crypto to get it. If people holding EXCL just hold then they can gain market share and make money later, or when people decide this economy is stable enough to support them selling for EXCL that they participate. Then it will grown exponentially.
Are there any ways to reconcile with both of you Priceslide and ph4nt0m? Can you agree that this could work as a quirky roundabout unexpected win/win? You may feel slighted no matter what, but this is an opportunity to turn around the coin and have some fun instead of feeling slighted. If the dev agrees of course but I think the first step is acknowledging that there was no real scam and it was done out of necessity and that any discrepancy can be worked out to benefit all the users and show this by the coins action instead of allowing people to slander it.