Topic: [ANN] Exclusive Coin - Cryptsy/Bittrex, CAT bot, Loads of News! - page 6. (Read 248548 times)

Priceslide... I see what you are saying about the 36Mil vs 14Mil. That is more than double and was the figure used to replace the new coin at, but it may become more obvious why it is about half. There may be some weight to your grievance on this count, but it also goes back to what I stated earlier. The Dev has to recoup funds and also needs to hold 51% of the coin. So there is an extra 22.2% overage according to your numbers. I had stated 23% earlier.

Of the 14,000,000 coin you owned 4,620,000 or 33%
Cryptsy was 2,000,000 I thought this would be higher than your holdings. You owned a ton of coin!
The Dev probably owned more than 1 Million coin.
But that brings us to about 7 Million with your and Cryptsy's coin. That is 50% of the total coin at that point.
If the Dev owns 5 Million coin most of the coin is accounted for. I am sure you want this number to be more like 1 million but I doubt it but I will use it to be fair.
If only 1 million then that makes 8 Million with you and Cryptsy and 6 million outstanding of which a percentage got into Bittrex we will say 500K.
I think the Dev owns more but worse case scenario I will use your numbers and leave about 5.5 Million coin that never made it to Bittrex.

At this point many people just abandoned the coin with no buy support. There may be thousands of people who lost 5.5M/.00000245 Sats= 13.475 BTC or $10,106.25 at $750 per BitCoin which is now at $600 but to be fair etc. So 1000 people lose 10 dollars or 100 people lose 100 dollars. Maybe a few big holders in there lost $500 and more lost $5. I hope you are starting to see where I am going with this... But those numbers above don't account for the large percentage of this 5.5 Million coin I will bet you was MINED so it was not paid for in BitCoin, it was just coin no one wanted to buy or care to SWAP!!! So really not many people lost out here and any who did care got their coin in to the exchange...

The Dev needs to hold 51% and accomplishes that with the 36M evaluation which was the original number. That sets the 51% protection up for the coin perfectly. This is the real part you don't agree with but this coin will never be sold, the PoS profit will be sold though. Pay back expenses etc.

The 23% is really the only issue now. It isn't that much of a big deal though when it comes down to it. And guess what that number is close to? 23% of 3.6Mil is 828,000x.00000789=6.53292 BitCoin. If you ask me it cost about 4 BitCoin to do the swap at Bittrex. Even if it was only 2 BitCoin that means you are complaining about 4 extra BitCoin of worth. But you may say the coin will sky rocket and then the Dev makes more! Well yeah it may be unfair and you may have to compete with his sells to get your money back out, but this isn't that much money to be worried about. If the coin builds to double or even ten times the amount it still isn't that much money since you can't sell on the market. You can't sell on the market right now at 1.2 BitCoin... but you can trade the coin! So the Dev may use it as a way to pay people to help with the Development or expenses.

Now that you realize how small the amount of money is you may just delete the accusations. Since I took your worst case scenario into account and if the coin takes off that is the only time you have a gripe, meanwhile you cause the coin to not take off. I get it now you want to slam the Dev instead of work with them. I would probably do the same and you definitely had good reason to but the reasoning got blindsided in the end.

So to recap... The Dev will never sell the 51% and has 23% which is 2x your total in the new coin. I really think it is blown out of proportion and the price just keeps sliding down... I guess when you stop selling things will be looking up. If the coin died you lose all your money but if you can get some money back and take the coin down it is a win win right?

Forzendiablo you refuse to respond to any specific points besides trying to paint it as normal that this announcement was made in january, then there was literally 6 months of dead silence from the dev, and then there was 5 days given to move all coins to bitrex or lose them

Kingscrown had at least a million coins probably, and he gave himself 22 million coins, and probably got another 3 million from old/unused wallets and cryptsy coins.

that's 2.6million/3.6million new total. a whopping 72.2% of the total coins in circulation.

just to clarify, that changed my stake from 4.5million/14million to 4.5million/36million. a change from 32% to 12.5%, a 19.5% haircut with literally no warning or compensation by standard definitions.

I will continue trading the coin and delete my posts if the developer posts the exact figures for the transfer.

E.g. "there were a total of 14xxx000 exclusive coin before the swap, cryptsy owned ~2xxx000, at these wallets: "".
At the time, I, kingscrown, had about y% of the total coins in circulation.

At the time of the swap, the total coins was assessed st 36000000, because the only remaining block chain website showed that figure. (chainz.cryptoid had the original burn included in their total, the new block explorer does not)

When the 10:1 split happened, everyone who had their coins on bittrex was credited with 1 coin for every 10 coins they had. The dev fund was credited with about 220000 of these new coins. These came from dead wallets, exchanges and pools that hadn't moved their coins to bittrex, and the "total coins in circulation" found on that questionable website. bringing my total to z% (about 73% of the total coin in circulation)"

January means it in the works for more than 5 days and the 5 days was only the swap, so anyone who just sent their coins to Bittrex was included. It is even more simple than I had thought so put this scam accusation to rest!

Priceslide I just browsed the thread, took me 5 minutes to find out quotes that prove you are making stuff up to get price lower for yourself.


Almost year ago Bittrex wanted to remove EXCL - November 17, 2015, 11:35:57 AM. This means some kind of payment deal had been done here. Montly, quartely, yearly? Dont know.

Now January 08, 2016, 12:14:45 AM dev team tells EXACTLY what will happen. I fuckin bolded for you parts that are crucial and prove you wrong.

You HAVE BEEN posting to this thread after this ANN, you, me and all 100s of users in this thread knew from January how this will be done.


Now 5 months later there is a swap, exactly like mentioned and you keep on coming to threads and spamming them saying you lost money - which you didnt loose at all. So you are the scammer here Priceslide because you are lying and spamming to get price lower.
You had 5 months to sell if you didnt like whats coming. Yet you were buying all the time instead. This tells your intentions clearly.

Stop trolling this thread and trying to push price lower so you can buy back what you sold.
And yes since you admitted you want to manipulate market, its very likely thats what you are doing.

You don't understand PoW vs PoS. You owning 33% of all coin during PoW doesn't cause a 51% attack. During PoS there is still a possibility of a fork being that you have 33% and could buy out the other coin needed to overtake the Dev. Since it is cheaper and more scarce now too and all of the coin is in ONE SPOT at ONE EXCHANGE now.

So you are saying that you owned 33% right? How much do you think Cryptsy had? I would venture to say at least what you had and if so we are now at 66% of the total coin. So that leaves only 33% of all outstanding coin! How much do you think the Dev owned of this 33%? I would say 20% at least. Now look at the distribution and see how many people got their coins in. Lets say it is only 10% of the 33% which leaves 23% of coin and the Dev owns 20% so only 3% of all coin didn't make it in other than Cryptsy. If you think I am off at Cryptsy then boost the number from 3% to 13% or 23% max. You can see 3 scenarios now to choose from to feel how bad people could have been cheated. First and foremost the true cheaters and Scammers are at Cryptsy!

So if it is only 3% then that would mean the Dev could have 3% extra coin that wasn't claimed. If it is 23% and the Dev owned 20% of the coin previously then he now has 43% which is close to 51% and a good protection against an attack during PoS. Especially now that you dumped your coin there is no possible way that a 51% can happen.

I looked at this again and I don't think the worry of Cryptsy dumping had anything to do with it since they could have invalidated those coins as soon as they saw them come in from Cryptsy. It would have been a ton of coin.

You still didn't take into consideration the costs of dealing with Bittrex. The whole reason for the SWAP came from them telling the DEV they would DELIST the coin due to its Bloated Blockchain and problematic Wallet.

When you get an ultimatum from Bittrex and you have to move and take action, they require you to do it on their schedule not yours. The 5 Days most likely came down from Bittrex!

Now you also have to take the market cap into consideration. Bittrex Charged the Dev 2 to 4 BitCoin to do the SWAP! I already mentioned the previous Market Cap and most of the coin was stuck at Cryptsy or in YOUR WALLET! There was less than 1 BitCoin of Buys on the market! How does the Dev recoup this COST without slamming the market cap? If the Dev gets more of his own coin for free he can hopefully bring the coin back to life and RECOUP the 4 BitCoin Bittrex Charged the DEV! Granting yourself more coin to pay back costs is not a scam.

This is why there was no scam. There was no huge allotment of coin that was left out of the swap. Most of the coin was at Cryptsy and anyone who didn't get their coin in was a small holder and would not lose much and could also buy back in and participate at a low entry point to maybe make back their losses. They can't do it as well with people yelling Scam though.

I am glad I had the opportunity to set the record straight since it really is this simple and I wish you would have expressed this before the swap where we could have hashed it out and you could have kept your coin and had a chance to get your money back.

It's as simple as this: if the developer wants to admit how badly he scammed everyone, he can release *exact* amounts of how many coins he gave himself in the transfer.  I will delete all of my posts from exclusivecoin threads at that point. This is non-public information as of now. Information needs to be provided as to how everyone was guaranteed to have their coins on the new chain without transferring their funds to bittrex. Pools and non-active users had all of their coins taken?

Craptsy has nothing to do with the swap. a 51% has nothing to do with the swap. I spent over a year accumulating the coin and I managed to get 33% of the total. There's no way any one could have performed a 51% attack at that point.

if cryptsy dumped on the market, I would have been ecstatic, cheap coins. That's market conditions. You don't just hardfork reset the chain based on the desire to fill your pockets. that's a god damn scam.

How long should they have waited for Cryptsy to find out?
How many people do you think held a big enough amount of coin to make it worth waiting for Cryptsy to find out?
How many days do you think the Dev had to do the swap or lose listing on Bittrex?

It costs money to do the swap too, how do you expect the Dev to pay for it and keep the coin alive? Bittrex most likely gave the Dev an Ultimatum, since the existing wallet was bloated and causing issues on their exchange. If anything the 5 Days came from Bittrex.

Do a calculation on the amount of coin you think the Dev has extra and then take the current price and figure out how many BitCoin that is, and then subtract at least 2 BitCoin to and 4 Max to keep the coin listed. I promise you it costs money to do a swap, they won't do that stuff for free.

How did you find out about the Swap? Wasn't there plans that you said you disagree with? You knew before the 5 days and anyone with a considerable stake in the coin most likely knew and had this thread bumping in the account.

I remember there were Hotels accepting Exclusive coin, how is that nothing? The market goes to nothing the coin dies and you get nothing and that is better, OK I get your mentality, I would feel the same way if I had an issue that I thought affected me so I can't blame you really. The only problem is in the end it didn't really effect you, other than you not holding the majority of the coin during PoS. The Dev should have this right anyways since they have to recoup their costs to develop the coin and need to account for a 51% hack. So it is almost like a safety precaution.

Do the math, lets see how much of a big deal it is. 3 Million coin at 700 Sats is 21 BitCoin or 12,000 dollars approx. Such a small market cap and if BitCoin becomes more expensive the price usually goes down, lets say it goes to 70 sats, it still stays at around $12,000 dollars. If the price goes up and the market gets manipulated people may not buy in anymore or set their buys at 70 sats, so the Dev would just own all the coin and buy out other peoples positions costing the Dev money only to play the market by themselves making a pittance.

It isn't even worth the time to try and scam money at that point. It is better to just let the coin redistribute and rebuild the community. Then each individual has a stake and it makes the coin perpetuate itself better. In any event the Dev could slam the market and leave, but the coin would be distributed and would still be viable. It is called a Hedge and any good crypto investor knows how to do this, that way no one would ever lose money and the community would own the coin.

Defense against a 51% attack may be the most valid reason to have more coin during PoS. This is most likely the main reason for having that much extra coin. Hate to say it but you may not have been informed about this since there is no reason to state it, as it is a necessity to keep large wallet holders like yourself from owning more than 51%.

SCAM . SCAM . SCAM


Cryptsy going under isn't an excuse to create coins out of nothing! The dev does not deserve to have/create extra coin if they feel like it.

This coin was first in NOTHING


I would have rather lost everything to market conditions than to BEING SCAMMED.

If this is true and it is a catalyst to pump why did you sell off and dump? The price at closing before the split was around 250 sats. This means that 10x value is 2500 sats. I bought up to that limit and that is only to make the worth what it should have been after the split. Right around 2500 sats. That was me buying and no one else. I tried to support the coin and bring it back to life. I didn't even know about your Plight or Grievance. Had I known I may not have bought in and just waited for your dump.

If everyone knows the median price the Dev is stuck at 2500 sats. No one would buy into this pump, they would get it at fair market value. It is like you think no one else can do math or realize a market is pumped. This is why you don't see any attempts to replace the price back to 2500. It is not being pumped or manipulated.

So your whole theory is out the window. You have to hit over 3000 Sats to get a better value from a 10x split. And I bought up to 250 sats prior to the split so technically it was worth less than 2000 and it is at 700 right now. It is easier to pump now for the Dev if he wanted to... Sure. But I don't think the Dev even has coin on the exchange, in fact look at the distribution it is right around the amount of coin you dumped and about 400k total coin and I bet the 37,000 wallet is yours. It looks like most of that volume was you on the exchange, you dumped your coin and blame the dev for everything, when you could have just been constructive instead and possibly made your money back with time.

That is your perception of what the Dev feels "They don't own a large enough percentage". This isn't the case. You owned a large percentage and with Cryptsy taking out so much coin all those users lost out worse than you combined.

Are you upset that you didn't have more coin than the Dev and control their market and coin?

So how else do you consolidate coin and take away Cryptsy's possibility of dumping coin and ruining the coin's market? You do what the Dev did and consolidate the coin. If the Dev has extra coin... they deserve to have it, even if it is more coin than you own, they made the coin and now must rebuild it.

Too bad you were short sighted and didn't help rebuild the coin with the Dev, feeling cheated that you didn't own the whole coin to yourself.

Now take back your accusations since there is no scam going on and anyone can read this and know what the price point for the market should be and buy accordingly. This coin was the first to offer real products for sale as I remembered, it tried to become a viable market as an Alt coin which is very difficult to do especially with people mining it at a block a second. So therein lies the other reasons for the rework of the coin and the fact that it was going to be delisted if the coin didn't comply means you would have lost everything!

You didn't think about it and let your emotions get the better of you I totally sympathize, but take back the accusations since there is no foundation for them at all...

Yes cryptonick, if the developer suddenly decides they don't own a large enough precentage of the coin, they have to buy it at market value, not force-hardfork the coin into nothingness. This split shows that Exclusivecoin is not a distributed cryptocurrency, it's a dictatorship full of moron plebs, led by a moron pleb, all trying to make a quick buck.

if you don't think a 10:1 split isn't to make the price seem like it went up 10x on the market then you're a waste of air. obviously that's MEANT to be the catalyst for a pump.

Forzendiablo: I wanted to manipulate the price for everyone's benefit. you would have profited as well. Now you all lose... because you all crossed me, even though I constantly appeal to logic and reason. no one will even buy the shitcoin but you anymore. sad day for this shitcoin turned scamcoin.

You can't pump a coin by doing a split. The marketcap and investment can stay the exact same as it was on the market initially before the split. That doesn't increase the value and it doesn't lose any value... Unless you Dump then it loses value. If you held 400K coin and there are only 3 Million coin in existence you owned a good share of coin, so if the developer has more coin than you suddenly you have to bad mouth them? If the Dev dumps the coin goes to nil if you dump you just give cheap coin to everyone.

There is no pump either, other than people buying, I bought in to support the coin so those spikes are me, and I didn't buy my own coin since I sold it long ago, so no pump there.

Too bad you got emotional about the split, you made sure to get your coins to the exchange though and hold more coin to dump, there just isn't enough buy support for you to exit unfortunately.

Priceslide get out of here dumper, you said you wanted to manipulate market in deleted posts.
Get away and let old users of EXCL have fun twat

The horrible English of the developer is a pretty good sign that the amount of time going towards this coin is negligible - there's no one to even proof read the posts.

Kingscrown, when you tried to pump the value of your coin 10x by doing a 10:1 split, you failed. I told you that you would, and you did. the coin is practically worthless now on the only market it trades on. I was right.

The scam comes in when you swapped yourself in for the same number of coins you had before. i.e. everyone else was the 10:1 and you were 1:1. that's a scam. I'm surprised you're still listed on bittrex.

Just wanted to let the old thread know that I created a scam accusation thread about the new changes. I lost a lot of money to the change so I feel like I definitely got scammed.
the link is here:
https://bitcointalksearch.org/topic/exclusivecoin-kingscrown-richiela-reboot-scam-bittrex-enabled-scam-1552721

Sure. Why did it take so long for you to realize it?

https://twitter.com/Epimetheusz/status/752106832576020481