Can someone from CryptoBridge confirm or deny if this thread about MadCoin MDC is real or a scam:
https://bitcointalksearch.org/topic/annmdcmadcoin-revival-airdrop-10000-coins-masternodes-pow-no-asics-3156614As far as I know, MDC is a stable coin with a real developer, who is still planning to actively develop and promote the coin. Original MDC thread:
https://bitcointalk.org/index.php?topic=2605658.480The new thread claims that CryptoBridge is complicit in a takeover, with all deposits after block 120,000 being rejected and only the "new" version of MDC will be allowed. But this version looks shady, controlled by a few people from a private chat channel. As far as I know, the original developer is against the takeover, and I see nothing on the CryptoBridge website that supports the idea of a takeover or swap.
Please let me know what is the truth.
CryptoBridge have been trying to contact the Madcoin developer for clarification on this situation. It appears he/she has not been active since 13th March and the general community is supportive of this move, hence we are considering supporting the new chain. Madcoin dev can stop this at any point by relplying to our attempts at contact before block 120k. We will disable deposits and withdrawals until a decision is made
Thank you for your reply. For the record, I am against coin swaps of any kind, because they completely destroy the concept of decentralization for cryptocurrencies.
Instead of having a trustless, semi-anonymous ecosystem of decentralized coins, coin swaps force you to trust one developer with your (and everyone's) coins. Not only are you forced to trust this one entity, who you have never met before, but now they know who you are and have your information.
This particular swap is especially fishy, because it is not even the people who created the coin who are running it. Can anyone just take over anyone else's coin?
I ask this: If you have a better idea for a coin, why wouldn't you just start your own coin? Why take over someone else's coin who didn't even give you their consent? If you lack the skill or imagination to create your own coin, then at the very least just create a fork of the original coin, like Bitcoin Cash. That way the original coin holders can still use their coins and don't have to sit in a Discord or Telegram chat room all day to figure out how to swap their coins.
I think it is a mistake for CryptoBridge to take part in this swap. The original MDC coin works fine. The blockchain is running without problems, and Masternodes and Staking wallets are operating perfectly. Many, many people who are busy with jobs and families won't see these obscure threads claiming to take over MDC, and will miss out on this shady swap.
The original developer has posted in the original BTC talk thread - first page - that the swap is not sanctioned and is a scam. You have to dig deep into an offshoot thread to figure out that a swap is happening, and even then, it is easy to be skeptical of the people making these claims. Many innocent people will lose money through no fault of their own.