I'm going to push the hand a little bit. I don't know if the charges that Libertycoin was instamined by the dev are true or not. At this point, with the evidence that I have, I am going to assume that, at least in part, they are true. KI have been watching and investigating, as everyone knows. And I have found clear, irrefutable evidence of some major, sustained, dumping taking place. Mind you, there are only 16.5 million Libertycoins so any significant amount will have an impact even when our volume on average if north of $650k daily.
in the last 48 hours, at least 2 wallets have dumped ALL its coins, to add up to almost 900,000 XLB. There have been other significant movements, such as partial sales of 100k, 65k and 50k amongst the top in the "richest list". There's no way for me to know who are those dumping but to any one with even the smallest common sense, this can only point in one direction: Someone who got enormous amounts for free. Someone who instamined. It is also someone who, in spite of the obvious, which is that within days, this coin is going to be worth much more that 9 cents of a dollar. And yet, he takes chunks of less than $20k at a time... why? well, I know who the guy is -the main guy, at least-. First, he has never seen $20k in his life; second, he's a student in Mexico city working on 2 different majors and several business related to altcoins, one is one exchange, the other is a "farm of coins" as it were. You copy-paste the generic code and input the name and specifications and sell it to everyone. He's a very bright guy who learned to code not long ago and has learned as he went, the intricacies of C and Java but remains a guy who knows a bit of everything and nothing of significance of anything. And, obviously, he knows very little about financials -although one of his majors, in early stages, is precisely that one (the other being politics).
You, my friends, up until know, have your money tied with this guy, a website maker with wordpress and no sense of responsibility, besides some personal problems that can easily supersede any "obligation" to this potential jewel of a coin.
I have asked IE to take over as of immediately. We all know he is the one that can take this ship home. He was lied to by the dev -promised no dumping- and he is interested both personally and financially in the maximum success of Libertycoin. He has, more importantly, the ability, knowledge and community support to achieve this.
I ask you to press him to take over immediately. I don't know how much dumping is still left. No matter. If it is still quite a bit, the sooner it is distributed to wiser hands the better. Most in this great community will see this for what it is, a needed growing pain of which we will rebound much more healthier and with a much clearer and define future.
In any case, this is my contribution to the community of Libertycoin to which I will belong for a long and very prosperous times. You, of course, the community at large, are the ones burdened with the final decision if IE decides, as I expect him to do, to pick up the baton and take it all the way to the gold.
It is possible that this will be deleted here, it won't in other threads, so it will be an exercise in futility to delete it, but I am counting on it. Deleted or not, this comes on Libertycoin Day. The best possible date for a new, REAL, beginning.
Support for the proposal, should be made by Mr. IE to take over XLB
