Topic: [ANN][FAIR] FairCoin - for a fair economy, featuring proof-of-cooperation - page 125. (Read 376780 times)

Yes, this could be...
i was researching in this thread and also get this post and others days after...

As a summary
- someone created a hard fork around 27/03 to scam in nxt-e.com. and dumped 5.5 M not existend
(he minted the coins from 0, deposited in nxt-e and dump it for BTC and withdrawed the BTC)
as a result ntx-e had a balance of -5.5 FAIR and was claiming to the old faircoin dev, to get a solution.

- in this old thread no appears information about a solution neither appears people claiming that they lost their coins in ntx-e.com (these coins was frozen some days, and after was withdrawed.,and days after appears information about people withdrawing faircoins
from nxt-e.com.

- In a statement of 30/3 that is not in the faircoin thread but in https://nxt-e.com/news.aspx
they claim that they solved the problem, tanks to anonymous investors,  buying back faircoins in other exchanges...and begun withdrawal
until April 7.

- Mintpal begun at 31/3

- April 7  ntx-e.com close withdrawals, they claim that destroyed their faircoin wallet and there are not more information.
How they really  solve their problem is yet an enigma  


Therefore a possible hypothesis could be that nxt-e.com was able to make the same play to mintpal, and mintpal dont get it.
So users was able to withdraw nonexistent coins from nxt-e to mintpal (because mintpal was the mainstream exchange from the beginning), and users was used to withdraw to mintpal.

For this could be possible that mintpal had balances of non existant coins.

Anyway this is only a hyphotesis, we need to get some proof or more data, and perhaps study better the blockchain
for the days 29/03 and 30/03 to confirm or not, if its possible that nxt-e bought 5500000 faircoins in other exchange (only possible poloniex, because bittrex at this moment dont have enough volume i gues...)

possible questions for older faircoin users
-Anyone here, was able to withdraw from nxt-e to  mintpal? if yes, have any data of this withdrawal?
-Anyone here was able to withdraw from nxt-e to their wallet after 29/3, and have the transaction (this is easier because you could have the info in your wallet.
- have you any data of poloniex trading in 29-30/03

thanks..

Faircoin dev 0007 agent  

I believe that these hard fork coins disappeared from the wallets (by standard block chain reorganization mechanisms) but not from the database from the exchange(s), thus the difference:

Mintpal wallet: 14946903.112935999408 FAIR
Mintpal database: 21787698.41457512 FAIR

No way Ryan took them: there are simply no such transactions that would debit such an amount.

So, I suspect it was either a bug in the exchange software or they just didn't resolve the issue intentionally or unintentionally...

If I were right, Mintpal would have increased the money supply of FairCoin by 6840795,301639121. These coins were traded, but did never every exist.

My personal opinion is that there is nothing more to recover, because we can not recover what has never existed. These are 'ghost coins'.

regs
Thomas

If I remember correctly (those are dark memories..), at that point there was some sort of fork (https://bitcointalksearch.org/topic/m.5971687), completely invalidating the transactions on that exchange.
With that in mind, you shouldn't be able to see that on the current blockchain - since in our future, it never happened
It could be however that some of the original coins are still in the wallets of the exchange (as at some point they may have decided to go back to the real blockchain) - if they even have that wallet still on file. There are some addresses close to that period that didn't have any transactions or haven't minted since that time. Three of them only have 1 transaction.

It might be interesting chatting with them - not sure how they'll respond though

https://bitcointalksearch.org/topic/m.5963202

i remember this post, can be related to that 5.6 million dump ?

In the statement also appears our thesis about it:


so, is not probably that the coins was stolen, but a technical fault.
in fact right now there are only about 3.3M without being identified (the 40 adresses pending), post mintpal begining. Therefore,  the coins are mostly lost in adresses older than mintpal, what could be linked with a hard fork problem or some bugs...

I see, so someone from MintpalV1/V2 stole those coins?

Yes, in fact yet 6.6M , quoting from the statement these are the numbers of the Mintpal recovery

The Mintpal Wallet contained:                      14946903.112935999408 FAIR
The balance of the account data counted:   21787698.41457512 FAIR
Faircoins withdrawed in mintpal v2:               -243666,36021 FAIR
Coins missing:                                               -6597129,30163912


1905649,03528786 from smartaction
4691480,26635124          unclaimed

So as far as i understood when they gave you guys the Faircoins from Mintpal there were around 6million missing?

Thanks Thomas!

Guys, as you can see in the link the sending was to multiple adresses. This is because i gave him an adress for every catalan coop investor that is related with this fund. As is documented in the statement we have received 79% of our mintpal faircoins, and now wait how to manage to receive the other pending 21% 

Hi guys,

just sent out batch #9, which was the last one. The Mintpal wallet is now empty!
https://chain.fair-coin.org/block/26203167b89938f102c2f33708538df79eaa1fa844a71e7c4219a5045d9562cd

The empty Mintpal wallet:
https://chain.fair-coin.org/address/fFcy7XH7hY7o4BwaRgkFQVooM9m4dZGUwZ

regs
Thomas

If you are worry about What happened @Mintpal then yes we have to transfer there (Bittrex) only what you want to buy or sell.
In my experience i did see the main exchanges go down due to hacks/theft by its owners a few times already, Cryptorush, then Mintpal.
We have to be careful this days but looking forward to buy some more Faircoins at Bittrex  

Perhaps its good moment to remember Mintpal,  not let all your stake in bittrex, and put there only what we want to buy or to sell 

why are you worry about this?

Seems good. But I have a bit worry.

i'm curious about the technical aspect of this, how this works ? usually they say that a recover for bitcoins isn't possible and for other cryptos they forked to achieve that result.

Bittrex is coming (yet not a confirmed ETA), but very, very soon -> https://twitter.com/richiela/status/542892763243880448?cn=cmVwbHk%3D

There are not more people here that is owner of any of this unknown adresses?  

i thinks most probably, yes...   but anyway it depends of Bittrex.  They have launch a coin monday, and other tuesday, lets see what they are going to do, between today and sunday...

You think we will go live this week or next one?

I think that we will see a banner of "a quarter" like the ones that you can see when login there...