Topic: [ANN] Exclusive Coin - Cryptsy/Bittrex, CAT bot, Loads of News! - page 5. (Read 248467 times)

You got 10 to 1 it is the same value. At 250 sats the market should have stayed at 2500 or 10x, you dumped and the price went down. That is what happens when people sell to lower buys.

Tell me how the Dev recoups their money if they don't own enough coin to make it subsist?
How can a Dev pay for costs and keep the coin alive?
The Dev couldn't even gain PoS share enough to do this when you owned so much coin.
You ask the question of an actual reason... What other alternative could be done? You tell me...

How would a dev use their small position of coin to pay for the costs of operation, this is after KingsCrown rightfully allowed the coin to be mined by ANYONE AND EVERYONE!!! But how does a new Dev make ends meet? I think the dev deserves payment too. Most of the coin that didn't make it in was mined coin, and one of the Pools was paid out on the swap. Would a scammer agree to pay out a pool that they successfully scammed? NO! There was really no one out there other than Cryptsy that lost coin and that coin can be replaced when Cryptsy complies, which they won't comply. They stole Millions of dollars from themselves. If they didn't steal it they would have alerted Bittrex and other exchanges as soon as the LiteCoin and other Alts hit those exchanges. They never alerted anyone!!! All of that LiteCoin could have been confiscated and given back to the Cryptsy Users!!! Shows how gullible you are thinking Cryptsy will give anything back.

Look at the small market cap, you are complaining about, all the dev tried to do was keep the coin alive and pay expenses and pay for the time and trouble to do so. You would take that away from the dev just because you can't dominate the PoS or the market? This tells more about you than it does about your accusations about the dev.

EDITED... Forgot we are talking about a new Dev not KingsCrown...

Dude, you don't get the math. There were ~15 million coins available at the swap time. They were turned into ~36 million after the swap (3.6 million in new denominated coins). Where is the difference? In Kingscrown's pocket. A lot of unswapped coins also ended in his pocket.

Priceslide got 33% before and 13% after.

Priceslide dude stop taking drugs!

if u had 33% coins, u still have 33% man.. nothing has changed its just a /10.
if u had 10 coins and there was 100 coins thats 10%. swap comes 10:1.
now u have 1 coin from 10 coins.. still 10%


also all the time u say u wanted to do a pump and now u say u dont want any pump.

other than this maybe u didnt notice but there was change in technology

and u had 5 months to decide if u like the way its going

maybe make ur own coin and then u will be deciding what to do with it?

I'd also really like to mention that the number of coins in a chain has nothing to do with the size of the chain as far as hard drive space.

 the incredible bloat happening with the wallet was because of the 16s block time, which would have been incredibly simple to fix without a 10:1 split or Kingscrown giving himself all of the exclusivecoin.

no one can give an actual reason why the coin would be reduced 10:1 other than to incite a pump.. because that's the only reason you'd do that

FOR THE RECORD. KINGSCROWN/EXSCLUSIVE COIN WENT DEAD FOR 5 MONTHS BETWEEN THE "ANNOUNCEMENT OF THE SWAP" AND THE "5 DAYS NOTICE OF SWAP". I AM NO LONGER TRYING TO BUY ANY COIN. JUST SELL IT ALL. PLEASE BUY IT

Also, the dev permanently having 51% of the coin no longer makes the cryptocurrency trustless. which defeats the whole point of trying to pretend this competes with any other shitcoin.

Forzendiablo, I let you make money off of me in this market so I could amass an insane percentage of coins. I succeeded, with 33% of the total coins.

I'm so furious at this bullshit. I could have made so many bitcoins

this is the "worst case scenario," not the other way around. The dev owning 5 million coins and then giving themselves another 22 mIllion that was supposed to be the original burn of the coin. the ICO that gave it value -literally.

Now that means this coin is literally worthless, the burn has been plundered by the dev, and he is looking for buy volume to dump on.  That's why the price won't go up - it has nothing to do with me anymore.

when the change happened I sold all the coin I could above 1k, as requested by the dev "if you dont like it sell your coin". well guess what? I really don't like it, and there's no one stupider then me left  now to buy the remaining 90k I have.

What you say isn't about development. It's about making a pump & dump shitcoin profitable for those who run it. The whole swap wasn't necessary apart of this scam story.

This proves you have no knowledge of what it takes to Dev a coin. So I won't go any further with you. I think my ideas are the only amicable solution and the dev did not scam. If you understand what I wrote and the details of it you will see that there was never any intent to scam. This is my final response on the matter, anyone who knows how Bittrex works can read the above and know for a fact that it costs money to swap a coin. You can say negative all you want but Devs know there are costs and agree to take that burden, and at the risk of impropriety they have to make things work for the betterment of their coin.

he he im one of very old members on bitcointalk and when i invest i always make money

well not always but 98% times

learn from me !!!!!!

EXCL is decent same as my other investments worked

Gee, what's the team? Kingscrown & shills?

this is the coolest coin with nice team

dont buy ph4ntom and miss the opportunity

So, you say there was a market manipulation by someone to get cheap coins and it justifies what the dev has done? The dev being absent for half a year was a part of this manipulation. If he appeared once a month at least and reported the progress, ppl would feel a lot more comfortable.

What you say about the dev paying fees to keep the coin alive is also crap. There is a one time fee to get a shitcoin on Trex. Maybe about 3 BTC. Good coins are listed for free and stay there for free provided a good volume or active development. Shitcoins get delisted from time to time. Trex picked many coins for free when Cryptsy went belly up. Most of them are still there with no fees demanded. So cut off this bullshit. The fact is, this shitcoin is so toxic now that no exchange wants it for free.

I hope something can be worked out, I will try to come up with more solutions too. The fact that there is very little coin makes this a very good opportunity for investors. Being that you know the Dev will hold on to their percentage of coin and the 51% can't erode the market and will be driving the market by buying products to auction. The fact that there is very little coin held by a very small audience allows this to work on the sheer factor of holding makes the coin even more rare. Create the demand and opportunity to get people involved and the swap could have inadvertently saved the coin and made the investors profitable.

Also think about how much coin just sits on exchanges normally waiting to pounce on opportunities to sell high and buy low. Well the Exchanges take advantage of that fact and they earn PoS from the coin and can dilute the PoS power of the coin. Where now that Power will be in the hands of the coin and to serve the coin's growth and investment for others.

So this is the interim where things can get situated like a fresh start. I am just throwing this out there as a hope that you can agree that people sometimes can't communicate their intentions properly due to language barriers. If you can understand the Exchange would have held all coin to be sold and that this would destabilize EXCL during the swap and left a question mark on the coin you will then begin to realize the purpose and real intent I am sure the dev meant. If it seems against the rules then understand the rules were also in a Genesis Block of 36 Million and that is law first and foremost. Making the coin less so that a private investor or individual can benefit wouldn't have been fair either. If there were only 14 million to swap down to 1.4 million it puts an individual in the driver seat rather than the person who created the coin. Sure they want their money back so lets move forward and get it back!

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.

Crazy people are those die-hard followers who don't give a shit about facts. The dev said something vague, then disappeared for months to come up with a 5 day swap notice. Stole Cryptsy coins and those coins which weren't on Trex in time. Lined up his own pockets with another premine. Why not, it's all legit, welcome to crypto.

how can the dev steal from anybody if he tells you 5 months notice and says "if you dont like it you have time to sell"
u both were trolling this thread since long time


what other coin gave u 5 months notice on the swap and gave u chance to swap? there were hardforks done daily with fast notices making people loose coins.
and u are mad because u ddnt loose any and had 5 months.


so we have pa4ntom who never had any coins attacking (just like he always was trolling the thread)
Priceslide who didnt loose coins, but wants to have everything he sold cheap back

and on Bittrex all i see is Priceslide having top amount just like he used to

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.

It is to secure the coin against a 51% attack. Cryptsy users will never see their coins back, and EXCL would not have been around in the years it may take to do so.

What??? You think the Dev should have just handed his coin over to Priceslide since PS is such a cool dude? Priceslide may as well have owned the entire coin and had the Dev pay to do the swap for him. The only reason to get pissed is that the Dev took his coin back using the full 36 instead of 14 million. Think about it if you are a Dev who wants to save your coin. It costs you 4 BitCoin to give to Bittrex to save it. Yet you hold only 1 Million coin for yourself as Priceslide said. 1 Million coin at 245 Sats is 2.45 Bitcoin so you sell it to save the coin and now as a DEV you own ZERO of your own COIN! Oh and also if you sell to the 1.2 Bitcoin on the market you just took out your entire market to pay to save the coin and still need 2.8 more BitCoin while holding ZERO of your own coin. Pretty silly to think you would have the Dev do this or that you would do this yourself.

PS was game for the 5 DAY Swap and crossed his fingers no one would get into Bittrex! So he could have the large portion, he would have went along with it for sure and had no problem holding 400K of all the coin that made it back to the exchange. When he found out that 3.6Mil would be the number instead of 1.4Million he couldn't have a controlling share anymore. At that point, all his points about a scam would have been in his favor and there would have been no problem with this 5 Days and 1:10 swap since it saved the coin and the Dev paid for it to transpire.

WTF is about the dev needing to hold 51% of the coin? Just because he is a so cool dude? There are many devs out there who are fine with much smaller coin shares. It's also obvious the dev fucking stole Cryptsy coins which are in a receivership now. They could be given back to their lawful owners when the court process is over. Now they get nothing. All this shit is a blatant theft to make the dev rich.