[ANN][NHZ] - NeXT Horizon | ***PoS*** | BOUNTIES | escrow@poloniex - page 18.

Vandalay23

sr. member

Activity: 341

Merit: 250

Quote from: Damelon on September 21, 2014, 12:45:11 PM

Quote from: incognito73 on September 21, 2014, 12:40:18 PM

I agree with all what you said, BUT
Everything a shit touches becomes covered with shit.

That's why I am staying out of any discussion about what actually happened here until I have more data Wink

You want data?
One of the dev team - silvernxt released 100M coins from polo escrow, dumped 23M in the exchange, he claims he helped to stabilize the coin's value by doing so.
It is not clear if those coins were supposed to be distributed for bounties or was it silvernext's own coins (which were not reported to be his anywhere that I know).

Damelon

legendary

Activity: 1092

Merit: 1010

Quote from: incognito73 on September 21, 2014, 12:40:18 PM

I agree with all what you said, BUT
Everything a shit touches becomes covered with shit.

That's why I am staying out of any discussion about what actually happened here until I have more data Wink

Breasal

hero member

Activity: 585

Merit: 500

Quote from: devphp on September 21, 2014, 12:15:26 PM

Guys, there is NXT already, why do you support shit clones anyway? They will die, stop wasting your time on this crap.

Wow, such harsh words...why confine investments into one coin?! Narrow, really narrow.

incognito73

newbie

Activity: 18

Merit: 0

Quote from: Damelon on September 21, 2014, 12:38:27 PM

Quote from: devphp on September 21, 2014, 12:15:26 PM

Guys, there is NXT already, why do you support shit clones anyway? They will die, stop wasting your time on this crap.

You dó realise that this is exactly the same as Bitcoin advocates make towards Nxt and all other 2.0 platforms?

I think forks definitely can have a function, if only to provide a relatively low-risk environment in which to test things.

I also think they are inherent in the crypto system.

People may not wánt to work within Nxt or any other system, but want to work on their own for whatever reason, and this is valid.

I find your comment somewhat disrespectful towards all the work these people have put in over the last months.

I am not defending the last situation at all, but to call another coin "shit" when so much work has gone in, is just callous.

I agree with all what you said, BUT
Everything a shit touches becomes covered with shit.

Damelon

legendary

Activity: 1092

Merit: 1010

Quote from: devphp on September 21, 2014, 12:15:26 PM

Guys, there is NXT already, why do you support shit clones anyway? They will die, stop wasting your time on this crap.

You dó realise that this is exactly the same as Bitcoin advocates make towards Nxt and all other 2.0 platforms?

I think forks definitely can have a function, if only to provide a relatively low-risk environment in which to test things.

I also think they are inherent in the crypto system.

People may not wánt to work within Nxt or any other system, but want to work on their own for whatever reason, and this is valid.

I find your comment somewhat disrespectful towards all the work these people have put in over the last months.

I am not defending the last situation at all, but to call another coin "shit" when so much work has gone in, is just callous.

devphp

sr. member

Activity: 336

Merit: 260

Guys, there is NXT already, why do you support shit clones anyway? They will die, stop wasting your time on this crap.

Damelon

legendary

Activity: 1092

Merit: 1010

Quote from: sdersdf3 on September 21, 2014, 11:59:29 AM

Quote from: Damelon on September 21, 2014, 11:54:21 AM

I do not envy either the devs or the other people managing this.

I also am not going to make their job any harder as it already is, but am hoping for a message from them here that explains how events will unfold from now.

Question is: who'd believe them, and commit additional BTC after this surprise? People are jittery about most coins on this forum as it is. This reinforces the worst fears that were already out there. I dont even hold this coin - I'm just concerned as an observer that the outrage with scams will, at some point, reach a critical mass and implode the entire altcoin market. Really get the sense that people out there are getting sick of this kind of thing and are pulling away from, or reluctant to commit to, even legitimate coins.

Yup, that's a big problem, and I agree.
The problem here isn't just someone dumping. The problem is having a system where it's even possible.
That's basically why we are into crypto in the first place: remove any and all single points of failure and make it impossible to do this kind of thing.

Trust in crypto is hard to earn and easy to lose. I have known these people for a long time and, as I said, I really do not envy them at this moment.

Breasal

hero member

Activity: 585

Merit: 500

These coins need to be part of a multi-sig setup where at least two members' approval is needed for spending.

sdersdf3

sr. member

Activity: 280

Merit: 250

Quote from: Damelon on September 21, 2014, 11:54:21 AM

I do not envy either the devs or the other people managing this.

I also am not going to make their job any harder as it already is, but am hoping for a message from them here that explains how events will unfold from now.

Question is: who'd believe them, and commit additional BTC after this surprise? People are jittery about most coins on this forum as it is. This reinforces the worst fears that were already out there. I dont even hold this coin - I'm just concerned as an observer that the outrage with scams will, at some point, reach a critical mass and implode the entire altcoin market. Really get the sense that people out there are getting sick of this kind of thing and are pulling away from, or reluctant to commit to, even legitimate coins.

Damelon

legendary

Activity: 1092

Merit: 1010

I've been interested and invested in NHZ since the very start.
Been running one of the first few nodes from the start, even before this topic existed: NHZ-3AB4-UM8D-6RAV-8AWYM

I hold about a million and will continue to do so.

Is a dump like this in the manner it was done bad? I think it is. It's not an action a developer can take on his own.
NHZ has long since passed the point where a single person should be allowed to affect the whole infrastructure like this.
The fact that he cán is bad.

Does it hurt NHZ? I don't really think so, íf the aftermath is handled correctly.
It should simply not be possible to take some out and dump it. Safeguards for this apparently were not in place, which at this point makes it clear there is a single point of failure possible.

I do not envy either the devs or the other people managing this.

I also am not going to make their job any harder as it already is, but am hoping for a message from them here that explains how events will unfold from now.

incognito73

newbie

Activity: 18

Merit: 0

Quote from: Breasal on September 21, 2014, 11:28:06 AM

Almost 10 hours behind node bounty payout....pls check scrypts. Wink

Can't wait for polo to unfreeze
I want to dump it all

Breasal

hero member

Activity: 585

Merit: 500

Almost 10 hours behind node bounty payout....pls check scrypts. Wink

kpierce77

legendary

Activity: 1540

Merit: 1002

Quote from: kpierce77 on September 21, 2014, 10:16:24 AM

Ya I'd definitely like to know how damage control is being handled. This is fucking ridiculous. Lead dev needs to post official statement on twitter and Facebook page of what happened, that it's not something that any other nhz devs condone, that java developer has been fired from the team, and remaining devs need to outline a plan of how this can't happen again and post that plan to make it aware to everybody that they aren't scammers. If lead dev doesn't do any of this, this coin's shot because no one's ever going to want to buy it again.

I know this might sound harsh, but now's a great time for dev team to show that they're serious about continued development, and also make this an example in the crypto world that this kind of behavior from devs or scammer devs can't be tolerated anymore. There have been entirely too many scams in the past few months, and this is looking like yet another one. Why devs think that they can just do whatever they want with money that isn't theirs is beyond me. The coin can still survive, but there needs to be transparency going forward, and some serious public damage control. We're the "shareholders" of this coin. Pretty important I think to have the investors agree or not agree to a dumping of 23 million coins, and dev getting 10s of bitcoin from it, and then just kind of saying "oh, sorry. It'll add liquidity to the market." What a joke.

sdersdf3

sr. member

Activity: 280

Merit: 250

Does the dev team seriously think they'll be trusted again by an unsuspecting community that was just dumped on 60%? I'm seriously interested in seeing if that happens. Stranger things have happened in the wild west that is bitcointalk.org.

incognito73

newbie

Activity: 18

Merit: 0

Quote from: kpierce77 on September 21, 2014, 10:16:24 AM

Ya I'd definitely like to know how damage control is being handled. This is fucking ridiculous. Lead dev needs to post official statement on twitter and Facebook page of what happened, that it's not something that any other nhz devs condone, that java developer has been fired from the team, and remaining devs need to outline a plan of how this can't happen again and post that plan to make it aware to everybody that they aren't scammers. If lead dev doesn't do any of this, this coin's shot because no one's ever going to want to buy it again.

Totally agree.
If silvernxt doesn't get fired from team or gives back the earnings to the community right away, I have enough coins and funds to stabilize this price on 10 sat...

kpierce77

legendary

Activity: 1540

Merit: 1002

Ya I'd definitely like to know how damage control is being handled. This is fucking ridiculous. Lead dev needs to post official statement on twitter and Facebook page of what happened, that it's not something that any other nhz devs condone, that java developer has been fired from the team, and remaining devs need to outline a plan of how this can't happen again and post that plan to make it aware to everybody that they aren't scammers. If lead dev doesn't do any of this, this coin's shot because no one's ever going to want to buy it again.

Breasal

hero member

Activity: 585

Merit: 500

calm guys.

it was a bad idea to dump on the open market but silvernxt is going to do right in the end...you will see.

NHZ will have a progressive and steady gain.

ndrog

full member

Activity: 211

Merit: 100

Since silverNxt went rogue, how are the rest of the NHZ devs planning of dealing with damage control?

kpierce77

legendary

Activity: 1540

Merit: 1002

Quote from: pharesim on September 21, 2014, 08:52:35 AM

the issue of our lead java dev having a god complex
http://forum.nhzcrypto.org/index.php/topic,419.0.html

Well the good news for him is that he'll be able to take his profit and go work on other projects writing java because he just killed this coin.

incognito73

newbie

Activity: 18

Merit: 0

Quote from: incognito73 on September 21, 2014, 08:18:03 AM

Quote from: Jerical13 on September 21, 2014, 07:33:13 AM

Quote from: torshammer on September 21, 2014, 05:07:39 AM

Can someone explain why the coin supply increased 40 percent in the last 24 hrs?

http://explorer.nhzcrypto.org/?page=graphs&graph=distribution

A withdraw was made from the Escrow account at Poloniex to fill bounty accounts. The amount of the withdraw increased the available supply.

So price flies before release of bounties...
Bounties are out - huge dump on poloniex....

mmm... sounds like a nice inside job

I guess it will be much smarter to wait a month for price to flatten and see if this project is serious at all....

Wow. I wasn't imagining.
Afterwards, people will call this FUD....
But it is all true....

It is outrageous !!
To whom belong those 23M coins?
Is it stated somewhere that it should fund this $%#$er?
If this "silvernxt" is not dumped himself from the team or put his quick profit back to buy support (much more than 23 BTC, cause he sold most of it for more than 100sat) I call to destroy this whole project !

Enough with scammers!
They should die !

Topic: [ANN][NHZ] - NeXT Horizon | ***PoS*** | BOUNTIES | escrow@poloniex - page 18. (Read 141495 times)

Topic: [ANN][NHZ] - NeXT Horizon | PoS | BOUNTIES | escrow@poloniex - page 18. (Read 141495 times)