☷ [ANN] ☷ [MODERATED] ☷ CLSTR ☷ ClusterCoin ☷ the Future of Money ☷ - page 21.

kindofasaint

full member

Activity: 141

Merit: 100

and if you refund all 12 will still want to ICO with you
haha
I did nazi dat coming
<•bittrex-richie> void_username: maybe... maybe not... its hard to predict... i do know that a lot of the bigger players want us to hold up our end of the agreement

Pressure from the big players is all it takes, just like IRL... a lot of money at stake, money going directly into big pockets to fatten the load. I wonder who those big players are.

Two things are confirmed:

A crook dev: All the evidence is there, ips, accounts, ICO_DUDE aka "dev" rooting for the dev and with an active offer to buy more accounts. Can't provide proof of development, can't tweet from "his" twitter. Doesn't post on any thread but magically posts to his defense on the thread were it is confirmed to the same ips. etc etc etc. You didn't deliver anything, you won't lose anything. why do you insist on getting the btc?

ICO buyers: Yes it is our fault to buy the coins on a reputable exchange after doing our research (or not), thinking they wouldn't deal with scammers and them having more resources to filter what coins they list. Yes, but the USE fiasco happened. That is new evidence.

There is no legal agreement. This is down to ethics and what is morally right; hurting the very people that support you and helping a criminal get away with it while you still take your profits, or not.
It is common knowledge that there is indirectly a lot or money to be made from scammers and scammed victims, just like attorneys, there is a lot to be made from defending criminals by playing the system.
Facilitating scams is profitable, no doubt; hey! you're not breaking any laws apparently.

ICO buyers took the usual risks but had no way of knowing who excatly they were dealing with if the USE scam had not happened the same day on your very exchange. It is new concrete evidence, give it to the red cross or to your favorite charity or destroy the coins, I don't care. But do not give this crook more tools to keep on screwing the industry that feeds your "side project"

Vizakenjack

newbie

Activity: 38

Merit: 0

Do you remember that 40 btc buyout? It could be the dev himself.

He just bought his own coins for his own money and sold it. Double profit.

AltCoinGuy

newbie

Activity: 42

Merit: 0

Quote from: ?? on ??

Quote from: atrostophe on August 25, 2014, 03:36:52 PM

personally it wouldnt surprise me, this sort of thing happens all the time with pools, i dont know if hurting bittrex right now would be good overall for crypto people only recently got over mintpal, the whole thing has to appear stable to keep knew people coming and for crypto to be more widely adopted otherwise crypto will destroy itself

The best way to deconstruct a scam is to to determine who will benefit from the scam. Who would gain from instadumping ClusterCoins?

1. Let's go with the narrative the dev had a hidden premine, how did the dev get it to the exchange so quickly? I am not sure at the time it was even possible to transfer coins into Bittrex. Even if it was, the dev didn't have enough time to transfer the coins and start dumping.

2. The other narrative is Bittrex dumped the coins. Do you guys really think the guys at Bittrex are so stupid they would start dumping the coins immediately after trading started? If they were going to do something fishy, they are smart enough to let the price increase first before dumping.

3. The mysterious whale. Anyone that has traded for a few months know massive dumping an ICO at the start of trading is not a known tactic to shakeout cheap coins. Whales do not shakeout coins like this, this was a massive dump not a shakeout.

As you can see 1 - 3 doesn't make sense.

Here are my theories:

4. Some competing exchange views Bittrex as a threat and orchestrated the dump to cause people to boycott the exchange. If that was the motive it is working like a charm.

5. My final theory is so ludicrous it could actually be possible. Some whale setup his bot incorrectly, and it went haywire and started dumping as soon as trading began. Of course no one will ever come forward and admit they were the "idiot" that setup their bot incorrectly and instadumped their coins at a loss.

Just theories....

I think the most likely thing happened : The immature idiots that trade in crypto, just panic sold the coin down, I've seen it happen many times before. The issue now is that bittrex won't even allow us to trade the coin, not giving anyone the opportunity to support the price or try to buy it back up to 10k sats.

AltCoinGuy

newbie

Activity: 42

Merit: 0

Why is trading still offline ? At least give us the opportunity to trade it to zero

LordPiccolo

hero member

Activity: 1022

Merit: 1000

Quote from: ?? on ??

Quote from: atrostophe on August 25, 2014, 03:30:05 PM

i was thinking initially it was whales buying back at a lower price but then the stuff about it being the same dev as usecoin appeared, i dont think many people actually know whats happening/happened

This is going to sound crazy, but what if it was another exchange wanting to create enough "bad press" for Bittrex that people would not want to use it anymore. Maybe it wasn't about CLSTR, but about using CLSTR to hurt Bittrex.

Interesting! Adds another thought chain to this mess

atrostophe

full member

Activity: 152

Merit: 100

Quote from: ?? on ??

Quote from: atrostophe on August 25, 2014, 03:30:05 PM

i was thinking initially it was whales buying back at a lower price but then the stuff about it being the same dev as usecoin appeared, i dont think many people actually know whats happening/happened

This is going to sound crazy, but what if it was another exchange wanting to create enough "bad press" for Bittrex that people would not want to use it anymore. Maybe it wasn't about CLSTR, but about using CLSTR to hurt Bittrex.

personally it wouldnt surprise me, this sort of thing happens all the time with pools, i dont know if hurting bittrex right now would be good overall for crypto people only recently got over mintpal, the whole thing has to appear stable to keep knew people coming and for crypto to be more widely adopted otherwise crypto will destroy itself

ocminer

legendary

Activity: 2688

Merit: 1240

Quote from: ?? on ??

Quote from: atrostophe on August 25, 2014, 03:30:05 PM

i was thinking initially it was whales buying back at a lower price but then the stuff about it being the same dev as usecoin appeared, i dont think many people actually know whats happening/happened

This is going to sound crazy, but what if it was another exchange wanting to create enough "bad press" for Bittrex that people would not want to use it anymore. Maybe it wasn't about CLSTR, but about using CLSTR to hurt Bittrex.

Honestly I thought about that too...

atrostophe

full member

Activity: 152

Merit: 100

Quote from: ?? on ??

Quote from: atrostophe on August 25, 2014, 03:11:57 PM

so any news on whether either the market will be re-opened or bittrex will refund?

how many people will actually boycott bittrex though if they decide not to refund?

I personally think boycotting is a bit extreme. No one has clearly explained what the scam was if there was even a scam. I was watching the trading that morning and the dumping started nearly instantly. The only reason why anyone would dump so quickly because they wanted to purposely hurt the coin.

i was thinking initially it was whales buying back at a lower price but then the stuff about it being the same dev as usecoin appeared, i dont think many people actually know whats happening/happened

marc.xxx

member

Activity: 67

Merit: 10

I think IconicExpert should help the investors by promoting a boycott of bittrex.

You have enough followers and I think you can have the say.

moneyflow

sr. member

Activity: 281

Merit: 250

Quote from: ?? on ??

Quote from: atrostophe on August 25, 2014, 03:11:57 PM

so any news on whether either the market will be re-opened or bittrex will refund?

how many people will actually boycott bittrex though if they decide not to refund?

I personally think boycotting is a bit extreme. No one has clearly explained what the scam was if there was even a scam. I was watching the trading that morning and the dumping started nearly instantly. The only reason why anyone would dump so quickly because they wanted to purposely hurt the coin.

Are you part of this coin team?

atrostophe

full member

Activity: 152

Merit: 100

so any news on whether either the market will be re-opened or bittrex will refund?

how many people will actually boycott bittrex though if they decide not to refund?

atrostophe

full member

Activity: 152

Merit: 100

Quote from: ?? on ??

guys

http://www.consumerfinance.gov/complaint/#money-transfer

this is website for consumer protection in the USA

I have filed my complaint
and I urge you guys all to do the same
RAMI and RICHIE don't give a shit as long they keep making money
the only way they are going to listen to people and treat us like customers is to have pressure put on them from above
if enough people that have been scammed start sending complaints bittrex will be in trouble
this has gone too far now
and i wont allow them to get away with it

WTF??? Are you serious??? Yes quite a few people were hurt by the dump, and I was one of the first people on Twitter asking for Bittrex to halt trading minutes after trading began. However, threats of filing reports is ludicrous and it is not the solution to the problem. If you were the one dumping would you still be advocating reporting Bittrex? How many times have you dumped a coin? Did anyone force you to trade on their exchange? Did anyone force you to trade CLSTR? Should Bittrex refund everyone each time a coin is dumped? Take responsibilities for your actions and stop blaming everyone else for your decisions. I agree something has to be done about scams and coins created solely for the purpose of dumping, but reporting Bittrex is not the answer.

1. You do not need a money transfer license for cryptocurrencies as long as you are not converting the cryptocurrency into fiat or vise versa.

2. Getting the Federal government involved is a quick way to regulation.

For example:

a) If you are under the age of 18 you will most likely not be able to trade.
b) You will definitely have to provide personal information before trading.
c) If you live in certain countries you will not be able to trade on a US based exchanges.

So I strongly suggest you stop with the chest thumping and rhetoric. No one here wants to be scammed, but we also do not want unnecessary regulations. I am sure Bittrex will figure out an amicable solution most people will be happy with.

PS: How much did you lose on that dump?

IE you fucking scumbag , your one of the biggest pump and dump scammers out there
your a reason why there is so many scammers , crypto kids think to emselves how much did chris make from stealing from blackcoin and his pumps and dumps, he must be rich , i wanna be just like chris he's a cool scammer
shut the fuck up noone even gives a shit what you think
my friend that got into crypto recently after spending 2 days on the forum asks me "who's Christopher Bouzy?" i asked him why he said "i read he's the biggest scammer out there"
your reputation proceeds you sir
you are indeed king of all the scumbag scammers

i personally dont think thats very fair on IE, he has brought up good points here and even if you dont agree with him the fact remains you have contributed less than zero to this conversation.

you cant pin the current environment on one crypto trader, i often see IE trying to offer solutions to the problems facing crypto today, everyone is into the pumping and dumping and a lot of people would make little or no profit if it wasnt the case.

i know you probably think im kissing IE's ass but i rarely ever follow his recommendations and i can see that he has the right sort of attitude and crypto needs a few more people thinking truly longterm

DailyModo

hero member

Activity: 812

Merit: 1000

www.gamebet.gg

So basically bittrex would refund the whole 3.5M coins at a 10k initial sold price?

If they do.

Jookly

legendary

Activity: 1131

Merit: 1007

Quote from: ?? on ??

Quote from: Jookly on August 25, 2014, 01:58:36 PM

Quote from: ?? on ??

Quote from: Skydog on August 25, 2014, 01:51:54 PM

It's sweet you believe that the federal government won't come regulation altcoin no matter what and that scam victims should just swallow it. Regulations are needed anyway. Minors shouldn't trade all their money anyway.

There can be self imposed guidelines/restrictions. The Porn and game industry were both successful at self "regulation" without the Federal government having to step in.

I was with you until that last line.... The porn and game industries both have federal regulation.

You missed my point. Back in the late 80s the government was going to make porn illegal or nearly impossible to film because of STDs..etc..etc. However, the porn industry realized to prevent strict regulations they would start having all the actors/actresses take regular STD tests and carry ID proving they passed the tests before filming. There were other restrictions the porn industry itself put in place. There aren't any Federal regulations requiring porn actors/actresses to take regular STD tests. Because the porn industry self regulated, that stopped the government from imposing stricter regulations.

The video game industry did something similar with the rating system. Once again the government was threatening to ban violent games, and that is when the video game industry devised the rating system.

I am not claiming these industries "regulations" are perfect, but it is better to have self imposed restrictions than having them forced on you.

I totally agree with it being better to self regulate, and hopefully crypto is designed to be difficult for outside entities to regulate it. I personally really like the unregulated markets. I probably wouldn't even be here otherwise.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Looks like damage already done then.

How many of you clicked that link and complained?

Skydog

newbie

Activity: 56

Merit: 0

Quote from: ?? on ??

Quote from: Skydog on August 25, 2014, 01:51:54 PM

It's sweet you believe that the federal government won't come regulation altcoin no matter what and that scam victims should just swallow it. Regulations are needed anyway. Minors shouldn't trade all their money anyway.

There can be self imposed guidelines/restrictions. The Porn and game industry were both successful at self "regulation" without the Federal government having to step in.

Porn only started to self regulate after decades of illegality / living in the grey area and today is fairly regulated - to the point the regulations are suffercating them. It's also not fairly effective in self regulation and all few years or so they law maker steps in to do something. Revenge porn being made illegal just recently is one example. Animated child porn before the other. And before that bestiality. Etc. pp.

Also even if the altcoin community should manage to self regulate, which I highly doubt, the government will come no matter what if its not for the scames and gambling aspect, then to fight tax evasion and money laundering. It's inevitable.

dandruff1138

hero member

Activity: 700

Merit: 501

1000% ROI Masternode Coin

Quote from: ?? on ??

Quote from: Skydog on August 25, 2014, 01:51:54 PM

It's sweet you believe that the federal government won't come regulation altcoin no matter what and that scam victims should just swallow it. Regulations are needed anyway. Minors shouldn't trade all their money anyway.

There can be self imposed guidelines/restrictions. The Porn and game industry were both successful at self "regulation" without the Federal government having to step in.

Um those are two of the worst self regulated industries, and you use them as sources? Cheesy

Or maybe that was your point?

Jookly

legendary

Activity: 1131

Merit: 1007

Quote from: ?? on ??

Quote from: Skydog on August 25, 2014, 01:51:54 PM

It's sweet you believe that the federal government won't come regulation altcoin no matter what and that scam victims should just swallow it. Regulations are needed anyway. Minors shouldn't trade all their money anyway.

There can be self imposed guidelines/restrictions. The Porn and game industry were both successful at self "regulation" without the Federal government having to step in.

I was with you until that last line.... The porn and game industries both have federal regulation.

Skydog

newbie

Activity: 56

Merit: 0

Quote from: ?? on ??

guys

http://www.consumerfinance.gov/complaint/#money-transfer

this is website for consumer protection in the USA

I have filed my complaint
and I urge you guys all to do the same
RAMI and RICHIE don't give a shit as long they keep making money
the only way they are going to listen to people and treat us like customers is to have pressure put on them from above
if enough people that have been scammed start sending complaints bittrex will be in trouble
this has gone too far now
and i wont allow them to get away with it

WTF??? Are you serious??? Yes quite a few people were hurt by the dump, and I was one of the first people on Twitter asking for Bittrex to halt trading minutes after trading began. However, threats of filing reports is ludicrous and it is not the solution to the problem. If you were the one dumping would you still be advocating reporting Bittrex? How many times have you dumped a coin? Did anyone force you to trade on their exchange? Did anyone force you to trade CLSTR? Should Bittrex refund everyone each time a coin is dumped? Take responsibilities for your actions and stop blaming everyone else for your decisions. I agree something has to be done about scams and coins created solely for the purpose of dumping, but reporting Bittrex is not the answer.

1. You do not need a money transfer license for cryptocurrencies as long as you are not converting the cryptocurrency into fiat or vise versa.

2. Getting the Federal government involved is a quick way to regulation.

For example:

a) If you are under the age of 18 you will most likely not be able to trade.
b) You will definitely have to provide personal information before trading.
c) If you live in certain countries you will not be able to trade on a US based exchanges.

So I strongly suggest you stop with the chest thumping and rhetoric. No one here wants to be scammed, but we also do not want unnecessary regulations. I am sure Bittrex will figure out an amicable solution most people will be happy with.

PS: How much did you lose on that dump?

It's sweet you believe that the federal government won't come regulation altcoin no matter what and that scam victims should just swallow it. Regulations are needed anyway. Minors shouldn't trade all their money anyway.

marc.xxx

member

Activity: 67

Merit: 10

the 3 day period is over!!!!!!

THE BITTREX TEAM IS BUYING TIME!!!!!!!!!

Topic: ☷ [ANN] ☷ [MODERATED] ☷ CLSTR ☷ ClusterCoin ☷ the Future of Money ☷ - page 21. (Read 33269 times)