Topic: [ANN][SHARE]ShareCoin - Pure POS - The only coin backed up by a real bussiness - page 27. (Read 293239 times)
June 05, 2014, 06:48:33 AM
what a crap
June 05, 2014, 06:48:00 AM
Yeah, unfortunately I bought many many ShareCoins
I had absolutely no reason not to trust in this project, since the exchange is taking special skills to be developed like this and Zip had some nice plans.
I don't see how stealing ~100 BTC will cover for any of that and the potential of the exchange on the long term.
That's why I can't understand.
I had absolutely no reason not to trust in this project, since the exchange is taking special skills to be developed like this and Zip had some nice plans.
I don't see how stealing ~100 BTC will cover for any of that and the potential of the exchange on the long term.
That's why I can't understand.
Indeed it was a bad decision because his deposit got frozen on Poloniex so he cannot sell the stolen altcoins.
So it's bad for you and bad for him.
You cannot even get back the frozen coins because you have no way of proving it was yours. Poloniex is the winner
Wait... Unless... Poloniex is part of the scam...
June 05, 2014, 06:46:04 AM
This is the best explaination I imagine to explain the behavior of Zip (posted here: https://bitcointalksearch.org/topic/m.7143428 )
Quote
I am thinking that it was probably a spur of the moment thing. ShareXCoin probably was not intended to be a scam from very beginning. But after seeing the sheer amount of Qora and other altcoins he had in his hands, Zip realized his power, got greedy and succumb to temptation. He realized he could manipulate the price easily since he was the largest holder. Based on the blockexplorer info, he had over 450 million or 5% of qora at one point (It would be very tempting for anyone to do a short trade in his position, I suppose). Smiley He got too smart for his own good.
Now in retrospect, I guess there was a reason why zip wanted to be the first exchange to trade qora.
Also, remember that, by being the exchange operator, he had the power to observe every player's trading pattern (how much every Qora player has in his account and is willing to trade, and how low price he could push on Poloniex).
The problem was the users. Smiley We gave him too much power without vetting the person first. Cry
Now in retrospect, I guess there was a reason why zip wanted to be the first exchange to trade qora.
Also, remember that, by being the exchange operator, he had the power to observe every player's trading pattern (how much every Qora player has in his account and is willing to trade, and how low price he could push on Poloniex).
The problem was the users. Smiley We gave him too much power without vetting the person first. Cry
this is the only explanation that makes sense to me as well. Cause in my opinion he put in way too much work for it to have been a scam from the beginning. Someone with so much ability would probably be better off actually developing a trustworthy exchange than with such a stupid scam. However, it might have become too much for him and thus this. I don't know.
The temptation was too irresistible and finally has succumbed to greed
June 05, 2014, 06:41:19 AM
This is the best explaination I imagine to explain the behavior of Zip (posted here: https://bitcointalksearch.org/topic/m.7143428 )
Quote
I am thinking that it was probably a spur of the moment thing. ShareXCoin probably was not intended to be a scam from very beginning. But after seeing the sheer amount of Qora and other altcoins he had in his hands, Zip realized his power, got greedy and succumb to temptation. He realized he could manipulate the price easily since he was the largest holder. Based on the blockexplorer info, he had over 450 million or 5% of qora at one point (It would be very tempting for anyone to do a short trade in his position, I suppose). Smiley He got too smart for his own good.
Now in retrospect, I guess there was a reason why zip wanted to be the first exchange to trade qora.
Also, remember that, by being the exchange operator, he had the power to observe every player's trading pattern (how much every Qora player has in his account and is willing to trade, and how low price he could push on Poloniex).
The problem was the users. Smiley We gave him too much power without vetting the person first. Cry
Now in retrospect, I guess there was a reason why zip wanted to be the first exchange to trade qora.
Also, remember that, by being the exchange operator, he had the power to observe every player's trading pattern (how much every Qora player has in his account and is willing to trade, and how low price he could push on Poloniex).
The problem was the users. Smiley We gave him too much power without vetting the person first. Cry
this is the only explanation that makes sense to me as well. Cause in my opinion he put in way too much work for it to have been a scam from the beginning. Someone with so much ability would probably be better off actually developing a trustworthy exchange than with such a stupid scam. However, it might have become too much for him and thus this. I don't know.
June 05, 2014, 06:40:11 AM
loool so it is true
I can't believe it.
This guy is a genius bastard.
June 05, 2014, 06:36:50 AM
I don't believe yet it was a scam...
But if it was...
AsiaCoin - lost ~10 BTC
ShareCoin - have around 27 BTC in it
hm......
Can a fucker play like this?
I have his IP, but still...kinda useless
But if it was...
AsiaCoin - lost ~10 BTC
ShareCoin - have around 27 BTC in it
hm......
Can a fucker play like this?
I have his IP, but still...kinda useless
damn, even you, you don't have a way to contact him ?
well, now I'm starting to understand why zip wanted to work alone... If I had enough programming skill, I just would like to create a new exchange to make the thing back, it seems really dead now
June 05, 2014, 06:27:16 AM
I should have stuck with Bittrex!
F*CK, just loss some BTC to this piece of Sh#t.
If anyone has any info on who this is, I would be interested.
F*CK, just loss some BTC to this piece of Sh#t.
If anyone has any info on who this is, I would be interested.
June 05, 2014, 06:10:57 AM
This is the best explaination I imagine to explain the behavior of Zip (posted here: https://bitcointalksearch.org/topic/m.7143428 )
Quote
I am thinking that it was probably a spur of the moment thing. ShareXCoin probably was not intended to be a scam from very beginning. But after seeing the sheer amount of Qora and other altcoins he had in his hands, Zip realized his power, got greedy and succumb to temptation. He realized he could manipulate the price easily since he was the largest holder. Based on the blockexplorer info, he had over 450 million or 5% of qora at one point (It would be very tempting for anyone to do a short trade in his position, I suppose). Smiley He got too smart for his own good.
Now in retrospect, I guess there was a reason why zip wanted to be the first exchange to trade qora.
Also, remember that, by being the exchange operator, he had the power to observe every player's trading pattern (how much every Qora player has in his account and is willing to trade, and how low price he could push on Poloniex).
The problem was the users. Smiley We gave him too much power without vetting the person first. Cry
Now in retrospect, I guess there was a reason why zip wanted to be the first exchange to trade qora.
Also, remember that, by being the exchange operator, he had the power to observe every player's trading pattern (how much every Qora player has in his account and is willing to trade, and how low price he could push on Poloniex).
The problem was the users. Smiley We gave him too much power without vetting the person first. Cry
June 05, 2014, 05:54:37 AM
These scammers are destroying the crypto community for a few BTCs.
Unless the community wakes up and do something, the altcoin markets will soon be a thing in the past.
It won't be such a bad solution. After all there will only be a Bitcoin, and we are at this vry monent, part of the process to make that happen. Unless the community wakes up and do something, the altcoin markets will soon be a thing in the past.
Lets have some more scammers and get it done with the altcoin market.
June 05, 2014, 05:50:45 AM
These scammers are destroying the crypto community for a few BTCs.
Unless the community wakes up and do something, the altcoin markets will soon be a thing in the past.
It won't be such a bad solution. After all there will only be a Bitcoin, and we are at this vry monent, part of the process to make that happen. Unless the community wakes up and do something, the altcoin markets will soon be a thing in the past.
June 05, 2014, 05:46:27 AM
Exchange stopped working, where I could continue to trade sharecoin?
Exchanges
https://www.swaphole.com/#!market/SHARE/BTC
http://coinpod.net/exchange/share
https://coinano.com/market.seam?id=42&cid=1754
https://www.bittrex.com/Market/Index?MarketName=BTC-SHARE
https://coinnext.com/trade/SHARE/BTC
June 05, 2014, 05:36:37 AM
It's a sad news
June 05, 2014, 05:35:15 AM
Now the crypto insurance service MOST WANTED to defend ordinary clients from scammy new businesses.
rates would be stupidly high. reagulamentation is the only solution
One can see at least one side effect of that: With true anonymity, no more busoni freezing account over suspicious fund movement.
Do you still want this ?
True anonymity will make life of scammer much easier
Exchanges will not be centralized in the very near future
I think NXT is solving this problem with the asset exchange feature
EDIT: NXT above
June 05, 2014, 05:33:33 AM
These scammers are destroying the crypto community for a few BTCs.
Unless the community wakes up and do something, the altcoin markets will soon be a thing in the past.
Unless the community wakes up and do something, the altcoin markets will soon be a thing in the past.
the community lol... stop trusting unknown users and start thinking by yourself.
And like in real life when something is too good to be true... well it is likely a scam.
When a dev ask you to put all the sharecoin you bought into "his" exchange because it will get you twice the interest generated by the coin (
)and/or to buy worthless FeeShare at high price, just say no and run away from that scam (main reason I did it...)Sorry but this one, people who get burned here didn't try to read all the tell-tale signs which were around.
(and because some previously unknown user told he had bought millions of feeshares/Sharecoin and was insulting everyone against the coin... )
But Hey Bernard Madoff had is scam running for over 20years... so yeah sometime it is difficult to know
June 05, 2014, 05:28:05 AM
Alter coins are just waste of time anyway
June 05, 2014, 05:20:19 AM
These scammers are destroying the crypto community for a few BTCs.
Unless the community wakes up and do something, the altcoin markets will soon be a thing in the past.
Unless the community wakes up and do something, the altcoin markets will soon be a thing in the past.
June 05, 2014, 05:17:18 AM
Now the crypto insurance service MOST WANTED to defend ordinary clients from scammy new businesses.
rates would be stupidly high. reagulamentation is the only solution
One can see at least one side effect of that: With true anonymity, no more busoni freezing account over suspicious fund movement.
Do you still want this ?
True anonymity will make life of scammer much easier
But the question is, what are you going to do about it?
Probably nothing
So it doesnt make much difference whether we have anonymity or not
an other coin which has some hidden premine and was taken over)
June 05, 2014, 05:17:07 AM
Now the crypto insurance service MOST WANTED to defend ordinary clients from scammy new businesses.
rates would be stupidly high. reagulamentation is the only solution
One can see at least one side effect of that: With true anonymity, no more busoni freezing account over suspicious fund movement.
Do you still want this ?
True anonymity will make life of scammer much easier
I never did want anonymity. crypto community started in religious-kind of anarcocap scene, and those early devs are still centralizing the crypto community. the earlier regulamentation comes, the better
June 05, 2014, 05:14:11 AM
Now the crypto insurance service MOST WANTED to defend ordinary clients from scammy new businesses.
rates would be stupidly high. reagulamentation is the only solution
One can see at least one side effect of that: With true anonymity, no more busoni freezing account over suspicious fund movement.
Do you still want this ?
True anonymity will make life of scammer much easier
But the question is, what are you going to do about it?
Probably nothing
So it doesnt make much difference whether we have anonymity or not
June 05, 2014, 05:06:00 AM
Now the crypto insurance service MOST WANTED to defend ordinary clients from scammy new businesses.
rates would be stupidly high. reagulamentation is the only solution
One can see at least one side effect of that: With true anonymity, no more busoni freezing account over suspicious fund movement.
Do you still want this ?
True anonymity will make life of scammer much easier
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