So if this keeps up I smell a class action law suit against Poloniex and EMC2.
Seriously? Whatever your smoking, I want some! Patience is a virtue, learn it.
This has nothing to do with patience. This has everything to do with being shady. Neither Poloniex nor EMC2 has shown any bit of transparency during this fiasco. I've heard no official response from either. Instead, we have an exchange holding our money hostage without a peep out of them as to why. And EMC2 wont respond to emails to give their side of this either. So as an investor you have do all kinds of leg work to find out what the hell is going on. It would be nice if one of them would address their investors/customers and explain what the problem is. I guess we're all just supposed to trust them. As if the crypto market isn't shady at all and coins aren't delisted all the time for shady activity and people losing their money because of it. This screams shady and it's poor business. And one more reason why all cyrpto's and exchanges will be regulated very soon, to protect investors.
Imagine if E-trade suddenly froze trading of Google and wouldn't allow people to withdraw their money and gave zero explanation for it. In fact if this happened to Bitcoin it would be all over the news but since no one knows EMC2 exists no one cares. And I guarantee investors would lose faith in both and both prices would plummet.
The same answer was given on slack, reddit and facebook. The dev team is waiting for an answer from Poloniex to know what the problem is so they can solve it. The team can't give a clear answer if they don't know what the problem is. Open a ticket on poloniex and ask them to contact the dev team.
The team openly speak about the future projects and what's being done. I don't know what more they can do. Bittrex problem was solve last week(had to test it to make sure it worked). The new wallet should be announced soon and you can see the github was updated:
https://github.com/emc2foundationI've got some coin frozen on Polo too and was hoping to find some answers here.
I've been messing around with mining after a 4 year break and did a bit of EMC2 on pool.emc.foundation recently. One question I have is are the wormhole events truly random or is timing know by some in advance?
Last week, about an hour before the event, I noticed the main guy there ramp up his KH/s to 23-25x his normal level. It was an amazing increase to witness, I believe it was close to 31,000,000 Kh/s. At one point it appeared to me that his hashing was 90% of the total network because we were hitting blocks almost every minute. Then, about 45 minutes later the wormhole event started and the pool scored the first few wormhole blocks. Then as word got out and total network hash significantly increased, we dropped back to normal block rate.
Seemed to me that it was a lucky coincidence to significantly ramp up and dominate hash 45-60 minutes before the event, unless the time was already known. And I believe he had just met with the development group the week before, as evident by the group pictures a few threads back. Or maybe it's a different person. Anyways, maybe I'm wrong on this account and I apologize if so, but the coincidence shook my faith in 'transparency' of this coin and now the freeze at Polo - it just reinforces that the small guys usually get the short end of the stick.
Other members can explain it better but it's not completely random. People can determine the start of the next wormhole.
On Bittex the wallet is now blocked and they are speaking of a double spend attack and they are trying to sort it out with the devs.
The team contacted them with the updated code. This notice should be removed soon.
