That seems a little harsh. It doesn't really actually say YoBit come over here and dump your coins.
What it says is I am sorry to my investors especially the ones that stuck with us. It says I am sorry yobit took advantage of you all and we as a business are willing to do something to make that right even though it is no fault of our own. It says we look after our investors 100%.
This will make the coin so solid and those concerned with dumping won't be able to succeed because it will be bought and sold on an internal exchange.
I agree that buying the coin on coinexchange if you already had an account with coins in it should be rewarded and not punished. Those people were obviously supporting the coin and not selling out in the scare market!
What about this don't you get?
The miners mined the heck out of this coin, not even including those that are not on coinexchange.
If Yakov allows a 1:1 swap, that is the same thing as inviting the miners over again to dump on the new coin especially if it trades at $1 and above.
What don't you understand?
I think you are a little confused verge. The price of BTBc in the very first big sales was 0.02 USD. The price actually hasn't dropped below that price to begin with so none of those investors lost anything.
If you purchased very early in the ICO you paid 20c per Btbc so you have already lost because of the mine and the early bonus buys. Now if the Bitbase site was not accepting deposits and you wanted to protect your position the only way to do so was to buy on coinexchange.
The fact that there were miners and that was not told to investors before our funds were unlocked. The only people who have lost are the ones that purchased during ICO after the bonus packages which was me for one. Any of those investors should get 1 to 1 swap for any coins they have purchased regardless of where they purchased them because they were A. Protecting their investment which had taken a massive dip B. Having faith in the devs and the system that the coin would come back. C. Waiting on the Bitbase website to give them a wallet address to transfer the coins to.
They then left us a message with a windows wallet to download so I have transferred all the coins I have outside the system into that wallet ready for the fork / coin transfer.
I'm not sure if you are in support of BitBase / Laser or not but the solution is not to rip off some investors and not others. Controlling through an internal exchange is much easier. Even if you swap all the coins your not looking for the people that have 20k coins because people got that many at ICO anyway. You find the accounts that want to swap millions of coins!
You know, YAKOV stated the price will be determined by the market.
You know what, YAKOV shouldn't have made the effort to create a new coin.
He should leave it as is so as more miners mine and dump their coins and as you see the value of bitbase dwindle further, you will start to appreciate what YAKOV is doing.
He didn't have to create a new coin. . . just so u know. But here people are again, complaining.
This reminds of me of when he did FORCED LENDING AT $1.3O and people called him a scammer. So he removed FORCED LENDING and people started crying as the price dropped.
He can't plz eveyone and unfortunately 1:1 won't be possible. Plz get over it.
When explaining a story, make reference to what really happened, do not modify it to try to make Yakov a good guy. I have already begun to think that you are Yakov with a fake account.
When Yakov forced everyone to lend at 1.30 it was because at that time $ 1.30 was the minimum price of the token in the internal exchange.
The tokens had started to go out to coinexchange because there their value was much higher. After he made the bad decision to make Lock in lending to everybody in the bitbase platform. The investors that had tokens in coinexchange, when they heard this news got scared and started to sell quickly, what made the price fall completely. Then, when he saw that he would have to pay lending to all the users for a value of 1.30 and in the exchange the coin was already at $ 0.25, he freed all the accounts that he had locked in his way and so he did not have to pay anything. That is the real story.