Topic: Bittrex, Scammer or Scammed. - page 2. (Read 2682 times)

To be quite blunt, there's a damn good reason for doing so even if the endgame isn't a grab and run. By doing so, you send a signal - the only signal that matters; declining volume and lower trading revenue - to Bittex managers that it's high time they cleaned up their act and got choosy about new listings.

I can't join you right now, as Bittrex is the only major exchange that lists Quebecoin which I'm trying to pick up right now, but I can say this flatly:

As the head dev of NFD, I have now lost all interest in getting NFD listed on Bittrex. In fact, a teeny part of me would prefer that they don't list NFD.

Their listing policy has gotten so bad, I'm a little bit worried about NFD being tarred by the same brush! 

Feel free to quote me on this.

Just to let you know, setting up a clearing house means doing some legwork for a future regulatory agency. That's exactly the chain of progress that led to the SEC being placed over what are sometimes called "Self-Regulatory Organizations" (dealer associations, exchanges, and of course clearing houses.)

As long as you're cool with it, fine and dandy; I'm more-or-less reconciled to something like that happening. I'm making my point so that you and anyone who likes your idea can go ahead with eyes opened.

If you're interested, try tracking down a full-length book on the full history of the New York Stock Exchange or of Wall Street in general.

Did poloniex have some deposit limit that stopped a qora scammer? It seems like a good idea.

sorry but you cant go back to a time in which the girl wasn't raped. its terrible it happened but it can not be undone. same as now except as devils advocate i proclaim that getting raped is worse than neckbeards losing 100k.  you think anyone who got into facebook ipo at $38 was able to call up their broker and undo it when the price was $18 3 months later? Meanwhile it didnt go above the ipo price for another year...  as the trader in ALTCOINS you people should know firsthand that for no apparent reason your coin could turn out to be a scam, broken, hacked, attacked, left behind, or any other scenario that is pounding the 5-15 coins released daily into the dirt.  some of the biggest and "respected?" names in new coins have fallen apart in the last month ue to Dev leaving, Hacks, Hidden premines.  if this is your first month please get used to it. if its not your first month then im sure your used to it by now.
as always do your own research, dont invest more than you can lose, dont trust anybody, and dont expect the price to be the same when you wake up in the morning.

SUGGESTION WOW 
it could be reasonable for the exchanges to only allow the posting of up to 1% of the total coins per 24 hours per account. if a dev who controlled a 5% premine wanted to drop the bomb it could take 5 days for them to do a drop as 1% was posted to their account each day.  We could get more extreme by only allowing 1% of currently emitted coins if the exchanges wanted to read a block explorer/moneysupply.  im not an expert but im sure this could be done.  its like depositing a check in an atm, you get 100 bucks right now and the rest when the bank verifies it.

I've been altcoin mining and trading since early this year. Everyone involved in crypto for that long has some shrapnel in them.

That said, best wishes with your attempts to gain satisfaction. I do think the first exchange to publish strict guidelines on how it adds coins and the steps it takes to verify them will gain marketshare and trust. Of course scammers will work to find ways around any safeguards, but the absence of any real safeguards doesn't help the situation any.

Perhaps some sort of volunteer-managed "Altcoin clearinghouse" could even be developed, with each coin listed and a status on verification activities posted. It would be a quick reference for traders to see whether each coin has been vetted, to what degree, any issues that have come up, and so on. It could be ad-supported and if it is anything like I expect it would receive a ton of visits daily as a standard reference tool for altcoin traders.

Imagine the MT Gox screaming regulators and government agencies that would all come screaming in because a Bittrex is an American Company? I bet Bittrex is already being monitored by the US government so I doubt they would try anything.

actually that's cheap   I would ask for 10% of the IPO revenue

word on the street: $1500 listing fee in btc behind closed doors.

How are these scam coins added so quickly to exchanges while other coins are not?

"But at the current rate of scam, I would expect that Bittrex will soon be ready to make their grand finale, the infamous  "we got hacked" scam   "

I've been worried about this for awhile since exchange revenues went down. Needless to say, I've left nothing of value on Bittrex and a couple of others. We just got lucky with Mintpal and their recent hacking.
Everyone would be well advised to move assets to safety.

that really is the final act.

the old 'we got hacked' with no details about what happened and then off to the exits.

like this guy said: one scam maybe a mistake. two maybe a mistake. three, okay, now....

four...wtf? five....come on!   

It makes sense. I better withdraw before their grand finale.

That's what I believe too.
I believe that an exchange can make a mistake once in a while and add a loosy ipo scam but adding continuously ipo scam every 2 or 3 days... since a couple of week... ? well nobody is that stupid intentionally...
So yes I am pretty sure they are behind.

But at the current rate of scam, I would expect that Bittrex will soon be ready to make their grand finale, the infamous  "we got hacked" scam  

Now, may-be the profit generated by bittrex isn't large enough and it might be tempting to them to either generate their own crappy coin or just accept bribes to list coins which doesn't fall in their "selection procedure" (ie innovative etc...)

So for me, they are the scammer no the scammed... (obviously there are also people who keep buying in every IPO...   so scammed or scammer (or sock puppet ?)

"Bittrex just cares about the extra few bitcoins "
exactly the same as you were "just trying to get e few extra bitcoins"!

Dont you get it? Everyone in this show is trying to make easy money. Bitrex, you, scamers,... The only reason the scammers succed in their doing is because yourself and people like you think you can make easy money! The more people get scamed, less fools will "invest" in shitcoins, less oportunity for scammers to succeed in their scams. You and others like yourself are the ONLY reason this scam was such a succes! REWARD=RISK! The market Will balance itself out. suckers Will lose their money. Shitcoins wont get as much attention, scammers Will find new ways to rob people,... We dont need regulation.

you don't 'feel' for anyone.

you r just adding insult to the injuries.

5 scams in a few weeks shows a significantly poor job of quality control by bittrex as well as poor self control by traders.

cryptocurrency is already being regulated and it will continue to be so. its another profit center that will be controlled by big corporations and government agencies.

free market has nothing to do with the fact that bittrex takes $1500 to list these scamcoins. they don't do it for the good of the community or out of the kindness of their hearts. they do it for the cash.

since they are not protecting their customers its important that the clients protect themselves and dont buy these risky new altcoins.

Its only similarity is in the shared idea of victim blaming, other than that, the analogy is completely off-base. It's fundamental tenets are vastly different and the prior argument requires implicit information in order to be taken at full-value. There are both formal and informal fallacies with the analogy. And the comparison is simply offensive.

Here's another difference: the expectation of outcome.

The woman does not directly have any expectation of a physical encounter (she could just be returning home from a day out with friends).
The investor does have an expectation of trading (and in particular for a profit).

There are so many better analogies that exist, so don't bring that weak sauce in here.

Regarding scams though, although I feel for those who lose, cryptocurrency is a place where free market ideals are taken to a significant extreme. People assume that they can make easy money here, but they also need to face the fact that they can lose that money just as easily. It comes with the territory. If you're looking for a safer way to make money off an investment, you're looking at the wrong place. Go find a place with regulation or insurance as protection.

the analogy applies.

'she was raped because she wore provocative clothing and was in the wrong place at the wrong time.' == victim blaming
'he lost his money because he didn't do the research.' == victim blaming.

the rapist, the scammer, and the exchange deserve their share of the blame.

Why is that trope so continually thrown around? Why not a rich bloke with $1000 in his wallet who gets mugged after wandering into the inner city?

I don't understand why men would compare themselves to damsels in distress. It's like some feller putting on a dress in order to get out of being conscripted.

Actually, it is like quoting a stockbroker after a bubble has collapsed. Exactly like quoting a regulated, overseen stockbroker after the client's favourite stock has collapsed.

And it's also a lot like what a judge would say as he throws a lawsuit out from an angry client who got bullheaded enough to sue after his favourite stock collapsed.

Welcome to the world of high-risk speculation.

ITT, butthurt daytraders.