Elite coin another bittrex scam? - page 8.

bit1

legendary

Activity: 938

Merit: 1000

Quote from: mikesrevenge on July 25, 2014, 10:19:55 PM

Would an altcoin reputation system be useful?

Maybe have a procedure to earn reputation?

I think that yes, but it cost money maybe a couple of good coders checking codes before launch, miners,pools and exchanges could donate to make it possible..... maybe a part of premine or I do know

mikesrevenge

member

Activity: 112

Merit: 10

Would an altcoin reputation system be useful?

Maybe have a procedure to earn reputation?

Tearscoin

member

Activity: 84

Merit: 10

Quote from: Hatch on July 25, 2014, 09:44:06 PM

Quote from: TheCoinFinder on July 25, 2014, 08:39:29 PM

You can't blame bittrex. If they don't add the coins - mintpal/polo or some other exchange would anyway.

If you are unsure of a coin - get its source code and check it.

In this instance - it seems no one did:

Code:

>>  pindexBest->nHeight+1!=1

Was in the codebase plain to see.

Ummmm. What exactly does this...

Quote

>> pindexBest->nHeight+1!=1

Do?

so you think these exchanges should exist? i don't think these exchanges are doing the right thing. add coins and remove coins freely need to resist

doch

sr. member

Activity: 371

Merit: 250

Quote from: Tearscoin on July 25, 2014, 10:06:35 PM

Quote from: goodluckpool on July 25, 2014, 07:26:17 PM

I don't think we should blame bittrex on this one!!!

i think most of coins on bittrex are shit coins and they just add coins freely and then remove them freely, this exchange is very irresponsible. They only cared for making money. avoid it.

This was one of the main reasons bittrex became popular in the first place. They added new coins that weren't on other exchanges, because that's what people wanted. Of course as soon as something like this happens it's obviously bittrex's fault and not the fault of people so desperate to get in on some shitty one time pump and dump coin that they can't even be bothered to look at a coin's source to see if something's wrong. If you lost money on this coin you have nobody to blame but yourself.

prix

hero member

Activity: 750

Merit: 511

I read somewhere that bittrex makes verification code before adding coins. It is very bad that it is not.
It's very easy to find premine in this case: I have found it in 10 seconds (not counting the time to install and run the wallet). Bittrex could make such automated checks, but they don't want.

Code:

EQzNAEKb38qYndEzR5CUgPefnpUUu4vJ1R: 	20002.0

bit1

legendary

Activity: 938

Merit: 1000

Quote from: MacHead2006 on July 25, 2014, 10:06:04 PM

Why I see some move orders while market is paused ?
I cant make new and cant cancel existed but SOMEone (Bittrex dev Huh

) can.

I see no trade occure but anyway.

maybe is a bot

doch

sr. member

Activity: 371

Merit: 250

Quote from: MacHead2006 on July 25, 2014, 10:06:04 PM

Why I see some move orders while market is paused ?
I cant make new and cant cancel existed but SOMEone (Bittrex dev Huh

) can.

I see no trade occure but anyway.

https://twitter.com/ramikawach/status/492865545989926912

The market's closed and open orders have been cancelled.

Tearscoin

member

Activity: 84

Merit: 10

Quote from: goodluckpool on July 25, 2014, 07:26:17 PM

I don't think we should blame bittrex on this one!!!

i think most of coins on bittrex are shit coins and they just add coins freely and then remove them freely, this exchange is very irresponsible. They only cared for making money. avoid it.

MacHead2006

member

Activity: 118

Merit: 10

Why I see some move orders while market is paused ?
I cant make new and cant cancel existed but SOMEone (Bittrex dev Huh

) can.

I see no trade occure but anyway.

bit1

legendary

Activity: 938

Merit: 1000

If a dev release code before days the coin can be cloned quickly, but if doesn´t like a ninja launch, code cant be checked by coders how in this case,

so any solution?

bit1

legendary

Activity: 938

Merit: 1000

list continue MACD dev vanished,SPCC,Nebula,OHLC,maybe Lizarde

RUNNY

sr. member

Activity: 251

Merit: 250

I can't cancel my buy order.
Why? Angry

bit1

legendary

Activity: 938

Merit: 1000

In case of nuclearcoin dev lock source, it had miners working 2 days and never hit exchanges,maybe he used its hashrate to anothers purposes.....
besides lock thread and miners dont cant talk between them.

Hatch

full member

Activity: 198

Merit: 100

Quote from: TheCoinFinder on July 25, 2014, 08:39:29 PM

You can't blame bittrex. If they don't add the coins - mintpal/polo or some other exchange would anyway.

If you are unsure of a coin - get its source code and check it.

In this instance - it seems no one did:

Code:

>>  pindexBest->nHeight+1!=1

Was in the codebase plain to see.

Ummmm. What exactly does this...

Quote

>> pindexBest->nHeight+1!=1

Do?

appooler

newbie

Activity: 28

Merit: 0

Did ANY of the pool ops do a 'getinfo' after installing the daemon? Was the money supply hidden from this command?

Unannounced premine in SUMcoin just a few hours ago, easily detectable using 'getinfo':
https://bitcointalksearch.org/topic/m.8027043

The major pool ops should have caught this one before it started...there is no excuse for missing a 20,000 coin premine.

Do the major pool ops give a sh!t about their miners?

The past month has been disgusting in altcoin world..

rugrats

sr. member

Activity: 700

Merit: 250

Vave.com - Crypto Casino

Quote from: jc12345 on July 25, 2014, 08:30:34 PM

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

Quote from: TheCoinFinder on July 25, 2014, 08:39:29 PM

You can't blame bittrex. If they don't add the coins - mintpal/polo or some other exchange would anyway.

If you are unsure of a coin - get its source code and check it.

In this instance - it seems no one did:

Code:

>>  pindexBest->nHeight+1!=1

Was in the codebase plain to see.

The lightning listing is an issue here. Coins are listed within a day of release, sometimes sooner.
The more competent members of the community simply do not have the time (nevermind the incentive) to check the codes.
Bittrex, who many traders assume would at least take a cursory look at the codes, does not consider this part of its responsibility.

unlock.mk

sr. member

Activity: 448

Merit: 250

Fuck Bittrex fuck him. He knew it !!

hash77away

full member

Activity: 224

Merit: 100

Quote from: cassius69 on July 25, 2014, 09:13:12 PM

Quote from: HunterS on July 25, 2014, 09:11:16 PM

All i can say is once some one finds a lawyer who is game enough to try taking one of these scams to a court room with enough evidence watch the flood gates open.it going happen eventually.pull any sort of this business outside of the crypto world you can bet u will feel the full force of the law if caught.i would be treading on egg shells if i was a dev or exchange involved in any of the latest scam coins

so true. especially when they find out its the same people again and again.

in the meantime we all have to boycott new altcoins. short mining periods + ninja launch = scamcoin.

theres no way around it. taking a 100% loss is more than most traders can bare.

The trend of this past week is a huge wave of X11 scam coins

CryptoTV

member

Activity: 84

Merit: 10

Quote from: cassius69 on July 25, 2014, 09:13:12 PM

Quote from: HunterS on July 25, 2014, 09:11:16 PM

All i can say is once some one finds a lawyer who is game enough to try taking one of these scams to a court room with enough evidence watch the flood gates open.it going happen eventually.pull any sort of this business outside of the crypto world you can bet u will feel the full force of the law if caught.i would be treading on egg shells if i was a dev or exchange involved in any of the latest scam coins

so true. especially when they find out its the same people again and again.

in the meantime we all have to boycott new altcoins. short mining periods + ninja launch = scamcoin.

theres no way around it. taking a 100% loss is more than most traders can bare.

Yup, how many new investors get screwed over and never to come back while also making sure 10 of his friends never trade crypto. So sad all the greed in humanity, such shit.

cassius69

sr. member

Activity: 280

Merit: 250

Quote from: HunterS on July 25, 2014, 09:11:16 PM

All i can say is once some one finds a lawyer who is game enough to try taking one of these scams to a court room with enough evidence watch the flood gates open.it going happen eventually.pull any sort of this business outside of the crypto world you can bet u will feel the full force of the law if caught.i would be treading on egg shells if i was a dev or exchange involved in any of the latest scam coins

so true. especially when they find out its the same people again and again.

in the meantime we all have to boycott new altcoins. short mining periods + ninja launch = scamcoin.

theres no way around it. taking a 100% loss is more than most traders can bare.

Topic: Elite coin another bittrex scam? - page 8. (Read 10570 times)