Author

Topic: Beware of so called anon-NAV coin-Fake manipulation: (Read 2163 times)

hero member
Activity: 736
Merit: 500
woot just sold half my NAV on a double up!

good times hehe
full member
Activity: 193
Merit: 100
ain't nothing like the Blues
I think the NAV team has done and continue doing a great job! I have been following NAV since 12/14 and only recently has interest picked up due to the increased interest in Anon coins, Thanks NAV Dev team and early adopter supporters. NAV is still way undervalued, imo, and I will continue to hold.  Grin
hero member
Activity: 794
Merit: 510
NavCoin Founder
Hi there could please reply to my 2nd post in your nav thread?

Can you please link it? I don know what post you're wanting me to reply to.
hero member
Activity: 794
Merit: 510
NavCoin Founder
Hi there,

I am part of the Nav Coin dev team and I am happy to answer any questions you might have.

If you look at the history of Nav, the original POW mine was years ago and it was not in fact a pre-mine at all. Mining was open to the public during the POW phase of the original coin. All the coin's which I own I have bought with my own BTC from bittrex and poloniex, just like anyone else.

In regard to the market being manipulated, you can not pin that on us. All markets are open to manipulation by speculators, we can't stop that but we don't encourage or endorse market manipulation either.

I would also like to inform you that our anon network ran for 18 months with no issues or transactions traced despite us putting a significant bounty to the public asking for them to try and crack the system.

If you want to learn more about our anonymous system and why its unbreakable, we have just released an article which explains it here:

http://www.navcoin.org/news/articles/post/nav-coin-updates-anonymous-network

We are re-opening it for use next week after performing significant upgrades which also increase its security.

Feel free to ask any more questions you might have.

Cheers,
Craig.


Hi there could please reply to my 2nd post in your nav thread?

Also i think your significant bounty was less then 0.5 btc in nav-coins.
I think you should prepare atleast a 10-20 btc (no nav-coins) so that people get interested to review your code - everything else is just not worth the time.
People will review code for free

So where are the reviews then?
18 months of nav and zero code reviews.... please.
If you really want to get trust from the community you should think about my advice.

The anon system and subchain are currently closed source which is why there has been no external reviews. Since the subchain was private and all data on it encrypted there is zero chance of anyone being able to link transactions because the information was simply not available. This will of course change when we decentralise the system and distribute the subchain code. When this happens the whole thing will be open source and anyone can review and comment. This is what I am currently working towards.

The proof however is in the Nav Block Chain which is of course publicly available. No one has been able to prove links between sender and intended recipient.

The bounty system is something we are going to start up again. If you want to donate some NAV or BTC to increase the bounty, then please be my guest:

http://www.navcoin.org/bounty
legendary
Activity: 2464
Merit: 1145
Hi there,

I am part of the Nav Coin dev team and I am happy to answer any questions you might have.

If you look at the history of Nav, the original POW mine was years ago and it was not in fact a pre-mine at all. Mining was open to the public during the POW phase of the original coin. All the coin's which I own I have bought with my own BTC from bittrex and poloniex, just like anyone else.

In regard to the market being manipulated, you can not pin that on us. All markets are open to manipulation by speculators, we can't stop that but we don't encourage or endorse market manipulation either.

I would also like to inform you that our anon network ran for 18 months with no issues or transactions traced despite us putting a significant bounty to the public asking for them to try and crack the system.

If you want to learn more about our anonymous system and why its unbreakable, we have just released an article which explains it here:

http://www.navcoin.org/news/articles/post/nav-coin-updates-anonymous-network

We are re-opening it for use next week after performing significant upgrades which also increase its security.

Feel free to ask any more questions you might have.

Cheers,
Craig.


Hi there could please reply to my 2nd post in your nav thread?

Also i think your significant bounty was less then 0.5 btc in nav-coins.
I think you should prepare atleast a 10-20 btc (no nav-coins) so that people get interested to review your code - everything else is just not worth the time.
People will review code for free

So where are the reviews then?
18 months of nav and zero code reviews.... please.
If you really want to get trust from the community you should think about my advice.

legendary
Activity: 1778
Merit: 1000
Hi there,

I am part of the Nav Coin dev team and I am happy to answer any questions you might have.

If you look at the history of Nav, the original POW mine was years ago and it was not in fact a pre-mine at all. Mining was open to the public during the POW phase of the original coin. All the coin's which I own I have bought with my own BTC from bittrex and poloniex, just like anyone else.

In regard to the market being manipulated, you can not pin that on us. All markets are open to manipulation by speculators, we can't stop that but we don't encourage or endorse market manipulation either.

I would also like to inform you that our anon network ran for 18 months with no issues or transactions traced despite us putting a significant bounty to the public asking for them to try and crack the system.

If you want to learn more about our anonymous system and why its unbreakable, we have just released an article which explains it here:

http://www.navcoin.org/news/articles/post/nav-coin-updates-anonymous-network

We are re-opening it for use next week after performing significant upgrades which also increase its security.

Feel free to ask any more questions you might have.

Cheers,
Craig.


Hi there could please reply to my 2nd post in your nav thread?

Also i think your significant bounty was less then 0.5 btc in nav-coins.
I think you should prepare atleast a 10-20 btc (no nav-coins) so that people get interested to review your code - everything else is just not worth the time.
People will review code for free
legendary
Activity: 2464
Merit: 1145
Hi there,

I am part of the Nav Coin dev team and I am happy to answer any questions you might have.

If you look at the history of Nav, the original POW mine was years ago and it was not in fact a pre-mine at all. Mining was open to the public during the POW phase of the original coin. All the coin's which I own I have bought with my own BTC from bittrex and poloniex, just like anyone else.

In regard to the market being manipulated, you can not pin that on us. All markets are open to manipulation by speculators, we can't stop that but we don't encourage or endorse market manipulation either.

I would also like to inform you that our anon network ran for 18 months with no issues or transactions traced despite us putting a significant bounty to the public asking for them to try and crack the system.

If you want to learn more about our anonymous system and why its unbreakable, we have just released an article which explains it here:

http://www.navcoin.org/news/articles/post/nav-coin-updates-anonymous-network

We are re-opening it for use next week after performing significant upgrades which also increase its security.

Feel free to ask any more questions you might have.

Cheers,
Craig.


Hi there could please reply to my 2nd post in your nav thread?

Also i think your significant bounty was less then 0.5 btc in nav-coins.
I think you should prepare atleast a 10-20 btc (no nav-coins) so that people get interested to review your code - everything else is just not worth the time.
hero member
Activity: 794
Merit: 510
NavCoin Founder
Hi there,

I am part of the Nav Coin dev team and I am happy to answer any questions you might have.

If you look at the history of Nav, the original POW mine was years ago and it was not in fact a pre-mine at all. Mining was open to the public during the POW phase of the original coin. All the coin's which I own I have bought with my own BTC from bittrex and poloniex, just like anyone else.

In regard to the market being manipulated, you can not pin that on us. All markets are open to manipulation by speculators, we can't stop that but we don't encourage or endorse market manipulation either.

I would also like to inform you that our anon network ran for 18 months with no issues or transactions traced despite us putting a significant bounty to the public asking for them to try and crack the system.

If you want to learn more about our anonymous system and why its unbreakable, we have just released an article which explains it here:

http://www.navcoin.org/news/articles/post/nav-coin-updates-anonymous-network

We are re-opening it for use next week after performing significant upgrades which also increase its security.

Feel free to ask any more questions you might have.

Cheers,
Craig.
sr. member
Activity: 476
Merit: 251
Isn't shadow cash a similar story?
Rather devs have a significant % of the coin.
hero member
Activity: 546
Merit: 500
Nav is a huge premine coin with devs holding most of the coins

Also they claim to be unbreakable code and completely anon.

This is not proved and the markets on Poloniex are just being completely manipulated by the scammers

600 BTC of buy walls from 60..Up 10-x.100 BTC fake wall at 1 sats..Really fools?

This coin just needs to be removed from Poloniex...Fill out the request form and make a request.

Also, scamming on noobs is the same as money laundering or stealing coins

Lots of sockpuppet shill accounts from devs possibly running on trollbox to trick newbies into buying this.

Please be careful on NAVAJO brothers.

Good Luck
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