Topic: Elite coin another bittrex scam? (Read 10572 times)
This is real ELITE shit. I can't understand why people still buy this shit at the exchanges
these exchanges are mickey mouse operations.
just avoid putting any real money on them.
stay the fuck away from new coins esp. 24 hour pow and ico.
let the markets adjust.
no one can afford to lose 100% of a trade. this shit happened 5 times in recent memory.
enough is enough.
just avoid putting any real money on them.
stay the fuck away from new coins esp. 24 hour pow and ico.
let the markets adjust.
no one can afford to lose 100% of a trade. this shit happened 5 times in recent memory.
enough is enough.
so what better exchange is there ? none ? theyre all crap eh!
i had thought bittrex was the best of the bunch, but 2 days ago, i bought a sell order, and bittrexs trade history showed almost exactly half of it as a buy order and the other half as a sell order... misreporting the trade that had happened, to what i end i dont know, nor care anymore
AllCrypt is some jerk off kids fee gathering exercise, he abuses the traders and dont care about what his customers want
Mintpal is full of bots screwing prices left right n centre
bter is slow as a wet week
poloniex seems ok, just doesnt have the volume bittrex does
(and i havent seen them do dodgy yet)
any1 can suggest a better place to trade ?
i had thought bittrex was the best of the bunch, but 2 days ago, i bought a sell order, and bittrexs trade history showed almost exactly half of it as a buy order and the other half as a sell order... misreporting the trade that had happened, to what i end i dont know, nor care anymore
AllCrypt is some jerk off kids fee gathering exercise, he abuses the traders and dont care about what his customers want
Mintpal is full of bots screwing prices left right n centre
bter is slow as a wet week
poloniex seems ok, just doesnt have the volume bittrex does
(and i havent seen them do dodgy yet)
any1 can suggest a better place to trade ?
And don't forget Crypsty, I used to hate that damn place but they have gone total legit. Full licenses from the G-Men, the works. You can even trade Fiat-BTC there now. The volume is shit, so the bots will really annoy you, but if you move your trading out of ScamTrix to other exchanges obviously the volume picks up. And I am guessing they will not be risking their licenses or their own asses by scamming 5 days a week like ScamTrix.
Cryptsy is now by far the best exchange! Bittrex is miles behind and will never come close!
I like Cryptsy, but I stayed away in protest for five months after they lost my coins.
The lack of professionalism and courtesy shown towards me by Cryptsy's staff on this board recently has also turned me off the exchange.
so what better exchange is there ? none ? theyre all crap eh!
i had thought bittrex was the best of the bunch, but 2 days ago, i bought a sell order, and bittrexs trade history showed almost exactly half of it as a buy order and the other half as a sell order... misreporting the trade that had happened, to what i end i dont know, nor care anymore
AllCrypt is some jerk off kids fee gathering exercise, he abuses the traders and dont care about what his customers want
Mintpal is full of bots screwing prices left right n centre
bter is slow as a wet week
poloniex seems ok, just doesnt have the volume bittrex does
(and i havent seen them do dodgy yet)
any1 can suggest a better place to trade ?
i had thought bittrex was the best of the bunch, but 2 days ago, i bought a sell order, and bittrexs trade history showed almost exactly half of it as a buy order and the other half as a sell order... misreporting the trade that had happened, to what i end i dont know, nor care anymore
AllCrypt is some jerk off kids fee gathering exercise, he abuses the traders and dont care about what his customers want
Mintpal is full of bots screwing prices left right n centre
bter is slow as a wet week
poloniex seems ok, just doesnt have the volume bittrex does
(and i havent seen them do dodgy yet)
any1 can suggest a better place to trade ?
And don't forget Crypsty, I used to hate that damn place but they have gone total legit. Full licenses from the G-Men, the works. You can even trade Fiat-BTC there now. The volume is shit, so the bots will really annoy you, but if you move your trading out of ScamTrix to other exchanges obviously the volume picks up. And I am guessing they will not be risking their licenses or their own asses by scamming 5 days a week like ScamTrix.
Cryptsy is now by far the best exchange! Bittrex is miles behind and will never come close!
so what better exchange is there ? none ? theyre all crap eh!
i had thought bittrex was the best of the bunch, but 2 days ago, i bought a sell order, and bittrexs trade history showed almost exactly half of it as a buy order and the other half as a sell order... misreporting the trade that had happened, to what i end i dont know, nor care anymore
AllCrypt is some jerk off kids fee gathering exercise, he abuses the traders and dont care about what his customers want
Mintpal is full of bots screwing prices left right n centre
bter is slow as a wet week
poloniex seems ok, just doesnt have the volume bittrex does
(and i havent seen them do dodgy yet)
any1 can suggest a better place to trade ?
i had thought bittrex was the best of the bunch, but 2 days ago, i bought a sell order, and bittrexs trade history showed almost exactly half of it as a buy order and the other half as a sell order... misreporting the trade that had happened, to what i end i dont know, nor care anymore
AllCrypt is some jerk off kids fee gathering exercise, he abuses the traders and dont care about what his customers want
Mintpal is full of bots screwing prices left right n centre
bter is slow as a wet week
poloniex seems ok, just doesnt have the volume bittrex does
(and i havent seen them do dodgy yet)
any1 can suggest a better place to trade ?
And don't forget Crypsty, I used to hate that damn place but they have gone total legit. Full licenses from the G-Men, the works. You can even trade Fiat-BTC there now. The volume is shit, so the bots will really annoy you, but if you move your trading out of ScamTrix to other exchanges obviously the volume picks up. And I am guessing they will not be risking their licenses or their own asses by scamming 5 days a week like ScamTrix.
so what better exchange is there ? none ? theyre all crap eh!
i had thought bittrex was the best of the bunch, but 2 days ago, i bought a sell order, and bittrexs trade history showed almost exactly half of it as a buy order and the other half as a sell order... misreporting the trade that had happened, to what i end i dont know, nor care anymore
AllCrypt is some jerk off kids fee gathering exercise, he abuses the traders and dont care about what his customers want
Mintpal is full of bots screwing prices left right n centre
bter is slow as a wet week
poloniex seems ok, just doesnt have the volume bittrex does
(and i havent seen them do dodgy yet)
any1 can suggest a better place to trade ?
i had thought bittrex was the best of the bunch, but 2 days ago, i bought a sell order, and bittrexs trade history showed almost exactly half of it as a buy order and the other half as a sell order... misreporting the trade that had happened, to what i end i dont know, nor care anymore
AllCrypt is some jerk off kids fee gathering exercise, he abuses the traders and dont care about what his customers want
Mintpal is full of bots screwing prices left right n centre
bter is slow as a wet week
poloniex seems ok, just doesnt have the volume bittrex does
(and i havent seen them do dodgy yet)
any1 can suggest a better place to trade ?
Poloniex. Build the volume.
so what better exchange is there ? none ? theyre all crap eh!
i had thought bittrex was the best of the bunch, but 2 days ago, i bought a sell order, and bittrexs trade history showed almost exactly half of it as a buy order and the other half as a sell order... misreporting the trade that had happened, to what i end i dont know, nor care anymore
AllCrypt is some jerk off kids fee gathering exercise, he abuses the traders and dont care about what his customers want
Mintpal is full of bots screwing prices left right n centre
bter is slow as a wet week
poloniex seems ok, just doesnt have the volume bittrex does
(and i havent seen them do dodgy yet)
any1 can suggest a better place to trade ?
i had thought bittrex was the best of the bunch, but 2 days ago, i bought a sell order, and bittrexs trade history showed almost exactly half of it as a buy order and the other half as a sell order... misreporting the trade that had happened, to what i end i dont know, nor care anymore
AllCrypt is some jerk off kids fee gathering exercise, he abuses the traders and dont care about what his customers want
Mintpal is full of bots screwing prices left right n centre
bter is slow as a wet week
poloniex seems ok, just doesnt have the volume bittrex does
(and i havent seen them do dodgy yet)
any1 can suggest a better place to trade ?
I broke my own rules on this one and lost all. My whole wallet was into this coin.
putting my whole wallet into it was my own fault, first time I did it and getting burned right away, feels very bad I can tell you. I will not be able to trade for a long time. " sad face"
But as much as it is my own fault I really keep bittrex accountable for it also!
Not 2 days after this has happend they adding new coins that turn out to be scams also!
I really hope the crypto community is gonna stand up against Bittrex and work against them!
There should be a constructive way to put them out of the market! If someone has ideas how to do so I"m all ears and willing to participate in it!
putting my whole wallet into it was my own fault, first time I did it and getting burned right away, feels very bad I can tell you. I will not be able to trade for a long time. " sad face"
But as much as it is my own fault I really keep bittrex accountable for it also!
Not 2 days after this has happend they adding new coins that turn out to be scams also!
I really hope the crypto community is gonna stand up against Bittrex and work against them!
There should be a constructive way to put them out of the market! If someone has ideas how to do so I"m all ears and willing to participate in it!
sorry good devs Im not mining anymore to newbies devs....... everybody must be same thing
my new rule will be: launched coin by newbie equal to scam..... not mining
my new rule will be: launched coin by newbie equal to scam..... not mining
This rule help me today to avoid scam...... pls see this https://bitcointalksearch.org/topic/annfuse-fusecoin-1-day-pow-100k-coins-ultra-fair-launch-x11-updated-708717, is very easy detect scam now you only
see altcoincalendar........
it is happens again and again, I tell you newbies accounts are being used for same devs..... alert
warning: Today Saturday in total will be launched 3 coins all are scam keep out, they are Fuse,Prisma and USB coin alert to everybody,,,, they
will be launched by newbies account, dont buy it coins,
Did you understand this issue alone ?
Important Thread:
https://bitcointalksearch.org/topic/technical-analysis-of-the-elitecoin-heist-711535
EDIT: (dont know why the mods moved my thread and leave this one untouched... )
https://bitcointalksearch.org/topic/technical-analysis-of-the-elitecoin-heist-711535
EDIT: (dont know why the mods moved my thread and leave this one untouched... )
Great post,thanks!!!
Guys it is unfair to blame Bittrex or any other exchange that adds a coin. The answer is sometimes right in front of you by applying good common sense and looking at the risk indicators. By looking at a few things you can make a call on the residual risk of a coin based on risk factors and then see how that fits into your risk appetite. You can then either stay away or risk it all and the alt-coin exchanges currently just provide a vehicle to cater for the whole of the spectrum of risk appetite.
In the absence of regulation in alt coins (self or otherwise) you can do certain basic things to protect yourself: Elite was high risk based on such an assessment, refer here https://bitcointalksearch.org/topic/m.7974656
In the absence of regulation in alt coins (self or otherwise) you can do certain basic things to protect yourself: Elite was high risk based on such an assessment, refer here https://bitcointalksearch.org/topic/m.7974656
which new X11 scam coin released past week was low risk???
I think the eco system will change to a reputation based new coin release, someone will have to come out and said I was this successful coin dev, and I am making a new one for people to mine.
But there are too much spare X11 hash power out there, look, someone still throwing 2G hash at LTCX, a coin long dead.
Hi, if you guys are looking for an established coin for X11 mining have a look at Karma https://bitcointalksearch.org/topic/annkarm-karma-x11-579973
Established since February or even January? (haha sounds silly but this quite old nowadays) Main info site http://karmawire.net/
and forum http://karmashares.com/forums/index.php
Karma addresses the lack of morality and integrity. Check it out for yourself. We will hard fork to x11 in a few days
SCAMCOIN DO NOT TRADE
elitecoin added the hidden premine when they did a wallet upgrade.
there was no way to research this.
the only way to protect yourself is so not buy new coins.
frankly i personally will never buy a new altcoin again.
i think the whole gay 'going to da moon' shit is annoying and the tiny little pumps are embarasssing.
i made a mistake buying elitecoin and i lost all my money.
that said i clearly am not 100% responsible. the scammer is reponsible and so is the exchange.
since the exchange wont do anything i am boycotting their asses and warning others to do the same.
there are plenty of other people who feel the exact way after weeks of scams. bittrex has done a pretty good job of hiding the fact they have a $1500 listing fee. if true they are digging a hole deeper and deeper and they will soon be buried in it.
the only ones who respect their current business models are scammers.
Before I invested in my first alt besides btc and ltc I was happy, then I tried the 1st alt that looked decent with a decent name which was iCoin, dev ended up being scammer in the end but it had a good community.
I looked at a lot of other coins to this point and I think Blackcoin will be ok and maybe DRK but the rest really have no future.
Then I stumbled upon a little gem recently called Guldencoin and will be the last alt I invest in if this one turns out bad... but so far they keep delivering without hype, without PnD , with a independent team that have been on the news last week and say who they are. Watch this one in a year from now. For all those that have been burnt this is the coin that will redeem ur faith (hopefully)
This thread is like walking into a daycare screaming wet diapered kiddies.
Why blame the exchange while people are dumb enough to buy it? Yes, I think exchanges should do a better job at listing coins and not just take a bribe, but if people are blindly going to buy shit without even researching it then it really is their own damn fault. At least IMO.
there is no way to research a motherfucking scam.
got it? it cant be done.
what you did here is an old school fascist technique known as 'victim blaming.'
http://en.wikipedia.org/wiki/Victim_blaming
let me quote:
"Victim blaming occurs when the victim of a crime or any wrongful act is held entirely or partially responsible for the harm that befell them.
The study of victimology seeks to mitigate the perception of victims as responsible.[1] There is a greater tendency to blame victims of rape than victims of robbery in cases where victims and perpetrators know one another."
quit fucking blaming victims of crime because you want to protect a nearly dead system of 'quick coin listings' that is costing us as a community.
fuck protecting scammers. lets put them to the fire! lets hang the scoundrels.
stop saying that people can 'research' their way out of a scam where some dickhead changes the code and then quickly dumps 20 btc of coins that wasnt supposed to exist.
no one could have done research to stop that and no is to blame except the scammer and bittrex.
bittrex could have checks in place to stop this from happening. they could manually review a withdrawl of 20 btc and stop the fucking scammer and refund customers.
yes, they have the power to do this.
I am not for quick coin listings at all. I have stated in past posts that I think there should be AT LEAST a 30 wait period for exchanges to even consider adding a new coin.
It's the alt world where everyone is out to make a quick buck. I know for a fact for a few BTC Bittrex will list any coin. Is an exchange going to turn down a $1500 dollar bribe because the coin might be a scam? In the real world business, sure, but in this wild west of the alt coin world, it's never going to happen. You can yell at me and use the word fuck as many times as possible, but investors have to get smarter. I have never see people throw money around in such a messy fashion as the alt coin world, it's insane.
You tell me there is no way to research a scam. Why are people so willing to throw their money at shit they know nothing about? People have thrown so much money at IPO's where there is no product up front, no wallet and no future. But people are still willing to throw money at it. If anyone is an exchange buying a coin they know NOTHING about it's their own damn fault they lost money.
Even if you do look into a coin and it says no pre-mine, check the damn blockchain. Oh look there was a GIANT pre-mine, let's not invest in this.
elitecoin added the hidden premine when they did a wallet upgrade.
there was no way to research this.
the only way to protect yourself is so not buy new coins.
frankly i personally will never buy a new altcoin again.
i think the whole gay 'going to da moon' shit is annoying and the tiny little pumps are embarasssing.
i made a mistake buying elitecoin and i lost all my money.
that said i clearly am not 100% responsible. the scammer is reponsible and so is the exchange.
since the exchange wont do anything i am boycotting their asses and warning others to do the same.
there are plenty of other people who feel the exact way after weeks of scams. bittrex has done a pretty good job of hiding the fact they have a $1500 listing fee. if true they are digging a hole deeper and deeper and they will soon be buried in it.
the only ones who respect their current business models are scammers.
Why blame the exchange while people are dumb enough to buy it? Yes, I think exchanges should do a better job at listing coins and not just take a bribe, but if people are blindly going to buy shit without even researching it then it really is their own damn fault. At least IMO.
there is no way to research a motherfucking scam.
got it? it cant be done.
what you did here is an old school fascist technique known as 'victim blaming.'
http://en.wikipedia.org/wiki/Victim_blaming
let me quote:
"Victim blaming occurs when the victim of a crime or any wrongful act is held entirely or partially responsible for the harm that befell them.
The study of victimology seeks to mitigate the perception of victims as responsible.[1] There is a greater tendency to blame victims of rape than victims of robbery in cases where victims and perpetrators know one another."
quit fucking blaming victims of crime because you want to protect a nearly dead system of 'quick coin listings' that is costing us as a community.
fuck protecting scammers. lets put them to the fire! lets hang the scoundrels.
stop saying that people can 'research' their way out of a scam where some dickhead changes the code and then quickly dumps 20 btc of coins that wasnt supposed to exist.
no one could have done research to stop that and no is to blame except the scammer and bittrex.
bittrex could have checks in place to stop this from happening. they could manually review a withdrawl of 20 btc and stop the fucking scammer and refund customers.
yes, they have the power to do this.
I am not for quick coin listings at all. I have stated in past posts that I think there should be AT LEAST a 30 wait period for exchanges to even consider adding a new coin.
It's the alt world where everyone is out to make a quick buck. I know for a fact for a few BTC Bittrex will list any coin. Is an exchange going to turn down a $1500 dollar bribe because the coin might be a scam? In the real world business, sure, but in this wild west of the alt coin world, it's never going to happen. You can yell at me and use the word fuck as many times as possible, but investors have to get smarter. I have never see people throw money around in such a messy fashion as the alt coin world, it's insane.
You tell me there is no way to research a scam. Why are people so willing to throw their money at shit they know nothing about? People have thrown so much money at IPO's where there is no product up front, no wallet and no future. But people are still willing to throw money at it. If anyone is an exchange buying a coin they know NOTHING about it's their own damn fault they lost money.
Even if you do look into a coin and it says no pre-mine, check the damn blockchain. Oh look there was a GIANT pre-mine, let's not invest in this.
Why blame the exchange while people are dumb enough to buy it? Yes, I think exchanges should do a better job at listing coins and not just take a bribe, but if people are blindly going to buy shit without even researching it then it really is their own damn fault. At least IMO.
there is no way to research a motherfucking scam.
got it? it cant be done.
what you did here is an old school fascist technique known as 'victim blaming.'
http://en.wikipedia.org/wiki/Victim_blaming
let me quote:
"Victim blaming occurs when the victim of a crime or any wrongful act is held entirely or partially responsible for the harm that befell them.
The study of victimology seeks to mitigate the perception of victims as responsible.[1] There is a greater tendency to blame victims of rape than victims of robbery in cases where victims and perpetrators know one another."
quit fucking blaming victims of crime because you want to protect a nearly dead system of 'quick coin listings' that is costing us as a community.
fuck protecting scammers. lets put them to the fire! lets hang the scoundrels.
stop saying that people can 'research' their way out of a scam where some dickhead changes the code and then quickly dumps 20 btc of coins that wasnt supposed to exist.
no one could have done research to stop that and no is to blame except the scammer and bittrex.
bittrex could have checks in place to stop this from happening. they could manually review a withdrawl of 20 btc and stop the fucking scammer and refund customers.
yes, they have the power to do this.
Why blame the exchange while people are dumb enough to buy it? Yes, I think exchanges should do a better job at listing coins and not just take a bribe, but if people are blindly going to buy shit without even researching it then it really is their own damn fault. At least IMO.
Well, the risk of that approach is that every coin they list would be perceived as getting a "Bittrex seal of approval" -- they then become responsible or perceived as responsible for any unforseen/undiscovered scams/implosions in the coins they list. Just saying, dont think there are easy answers here. Ultimately, it's up to people to interrogate these devs and call them out in the threads, with the help of techies who can see through the BS and flyspeck things.
basically this is true.
the community has to protect its own.
but dont forget that elitecoin added a new layer of deceit. that dev was smart enough to add the premine on a wallet upgrade.
he was prepared for a code check.
the scammers are getting smarter.
its better to assume most new coin devs are scamming. unless you know them personally they probably are.
warning new people is the only option this community has right now.
You really nailed it here - the fact that it's basically becoming an arms race and the scams are evolving. Look how elaborate and extended the shocking SilkCoin scam was. No one can guarantee that any coin is scam free without a time-consuming, costly root canal and interrogation of the coin and its devs by a qualified techie without ulterior motives.
There are things to look for. I think a big thing to look for going forward is avoiding coins with anonymous devs. It doesn't offer 100% security, but it substantially reduces risk when someone with a real name and LinkedIn profile puts their real name and their reputation on the line. Those guys are much less likely to be scammers. Basically, scamming is widespread now because it's "cheap." But when the dev's name is attached to it, it becomes a lot more expensive.
Guys it is unfair to blame Bittrex or any other exchange that adds a coin. The answer is sometimes right in front of you by applying good common sense and looking at the risk indicators. By looking at a few things you can make a call on the residual risk of a coin based on risk factors and then see how that fits into your risk appetite. You can then either stay away or risk it all and the alt-coin exchanges currently just provide a vehicle to cater for the whole of the spectrum of risk appetite.
In the absence of regulation in alt coins (self or otherwise) you can do certain basic things to protect yourself: Elite was high risk based on such an assessment, refer here https://bitcointalksearch.org/topic/m.7974656
In the absence of regulation in alt coins (self or otherwise) you can do certain basic things to protect yourself: Elite was high risk based on such an assessment, refer here https://bitcointalksearch.org/topic/m.7974656
Is it unfair to assume they should do some sort of QA/QC of code for the coins that they add? The 20k genesis block noted above should have been identified, yes?
Well, the risk of that approach is that every coin they list would be perceived as getting a "Bittrex seal of approval" -- they then become responsible or perceived as responsible for any unforseen/undiscovered scams/implosions in the coins they list. Just saying, dont think there are easy answers here. Ultimately, it's up to people to interrogate these devs and call them out in the threads, with the help of techies who can see through the BS and flyspeck things.
basically this is true.
the community has to protect its own.
but dont forget that elitecoin added a new layer of deceit. that dev was smart enough to add the premine on a wallet upgrade.
he was prepared for a code check.
the scammers are getting smarter.
its better to assume most new coin devs are scamming. unless you know them personally they probably are.
warning new people is the only option this community has right now.
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