Likely was an inside job. It's a coin ran by Communists in China. Redistribution of wealth to the most esteemed Proletarian delegates!
BitsharesX was always very suspicious in that all the volume just came from a few places in China.
The NxT free world versus BitsharesX Communist.
Topic: Bitshares X inflating due to bugs and hacks - page 3. (Read 4326 times)
ho wow, is that true? sad story.
everyone is in btsx only because of the dev funds backing it up for quick profit.
it was a nice concept but the dev funds backing it ruined it as people are all greedy and will take advantage of any possible profit. even if the intention from the devs were good.
it was a nice concept but the dev funds backing it ruined it as people are all greedy and will take advantage of any possible profit. even if the intention from the devs were good.
u really believe Bitshares is backed by $62 000 000?
no it is not..
dump will happen and it will be brutal.
no it is not..
dump will happen and it will be brutal.
This was never mentioned in all their threads here, which are also curiously silent now.
Volumes have dropped and it won't surprise me if they are using the funds to prop up the price. They have already mentioned earlier they are using investor funds to buy.
Volumes have dropped and it won't surprise me if they are using the funds to prop up the price. They have already mentioned earlier they are using investor funds to buy.
Very impressive the current marketcap considering that it is severely flawed. New coins were created and they are now accepted by the chain.
He claims it is fixed but there might be more.
He claims it is fixed but there might be more.
Yes, laddies and gentlemen, the BTSX supply is over 2 billion as a result of multiple bugs identified and fixed weeks ago. The surplus supply will be burned from our own funds to return it to the proper supply. We didn't want to spook people until we had the burn operation implemented so that we could correct it.
So where did this extra supply end up going?
1) Mostly to the delegates... our calculation of delegate pay was off and thus we miscalculated the running supply. We stated earlier our intent to compensate delegates for the extra hard work they were doing, this particular bug just helped us do what we were planning on anyway. Delegates running at a discount didn't have their pay burned like it was supposed to be.
2) Some white hat individuals who identified bugs and reported them to us privately after they exploited them. We were able to fix the bugs without much being created.
So where did this extra supply end up going?
1) Mostly to the delegates... our calculation of delegate pay was off and thus we miscalculated the running supply. We stated earlier our intent to compensate delegates for the extra hard work they were doing, this particular bug just helped us do what we were planning on anyway. Delegates running at a discount didn't have their pay burned like it was supposed to be.
2) Some white hat individuals who identified bugs and reported them to us privately after they exploited them. We were able to fix the bugs without much being created.
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