Topic: Exclusivecoin / kingscrown / richiela "reboot" scam <BITTREX ENABLED SCAM> (Read 2719 times)

i'm only addressing the coin supply /swap apparent issue such issue does not seem to have much scope for "truth"
ie without delving into real records, swap "seems" legit

anything else seems interesting but irrelevant to the scope of the OP.


(i;m amused that anyone with the apparent nouse of priceslide can make such obvious noob mistakes)

You did not seem interested in the fact kingscrown makes multiple accounts / coins and his direct ties to the same Monero crew.

Why ? bags.

Good luck with that.. your ROI optimism is precocious.

oh, another thing.
there was no maximum coinsupply of exclusive old,

bitcoin has a max because of halving block reward, so it would never reach 21 million, jut keep getting closer and closer.

old excl had a constant PoW reward, and % PoS. supply would've kept going up til the code broke

https://github.com/exclusivecoin/Exclusive/blob/master/src/main.h#L39

refers to maximum you can transmit in either a single tx or a single block. one of those.

.
just imagine you're driving somewhere,
you always travel at x km/hour where x is how far you are from your destination.

at 300km distance, you travel 300km/hr. it'll take you an hour to get there,
at 200km distance, you now travel 200km/hr. it'll take you an hour to get there,
at 100km, you travel 100km/hr. it'll take you an hour to get there,
..
at 1km, you travel at 1km/hr. it'll take you an hour to get there,

no matter how far you travel you will always be an hour away from your destination. lol. just like bitcoin will never get to 21 million, or wahterver it is.

lol i'm famous !!! almost ..
but no, i'm none of those i'm a long term EXCL holder, and i built the recent mac releases, and have been helping in the background with recent issues.


.

but getting to the scam part.

you seem to be arguing that the real coin supply was much lower because

possibly the problem here is that you're not appreciating what a 16s block time does to a coin supply.
nor that annual interest = compounding interest, interest is calculated at each PoS block based on coinage in relation to "annual interest"

hmm. basically, if you could stake the same coins daily you would get standard compounding interest.
x0
x1 = x0 + (2% /365)
x2 = x1 + (2% /365)
x3 = x2 + (2% /365)
etc  => 2% compounding 365 times in a year

obviously it only compounds upon staking, so if it staked every week, it would only compound 52 times

..
there's a commit to the old coin https://github.com/exclusivecoin/Exclusive/commit/933080be131208371bc88578876a8c60f7e22631
which reduces POS rate (2% >> 1%) and POW rate (8coins >> 4 coins),
dated 5 may 2015, and taking effect at block 1,120,706,

(at 40 secs, there should be about 2160 blocks per day.
roughly coin was released late september, time til early may = 7 1/2 months.
expected block count by that point should be < 500,000 )

lets pretend half of those were PoW (no idea of correct number), which suggests an extra 4.4 million coins already.

then ,, add another year of hybrid (with reduced rewards) ..
so,
haha i am not going to guestimate the block count, nor the total coin supply after that period.

but obviously not 6 million coins, and obviouisly not only 2% of 6mill/year.

..
[edit]
see post below, there was no max coin supply for EXCL OLD.
perhaps this was also part of the misunderstanding.

there could have been 1 billion theoretical EXCL OLD at coin swap if the chain was old/big enough.

The more I think about it the less I believe there is any connection to Monero. First of all the coin would have been pumped from day one and PriceSlide would have been really happy and made all kinds of money or been bought out at the swap. The buy side order volume would be more than 1 BitCoin. Just doesn't add up, but I hope we can implement my idea and make the coin boost naturally.

Thanks for that info. I am an idealist and just want to help. I respect your opinion Spoetnik as I followed along with you and got my Coins out of Cryptsy before I lost it all. I guess actions will speak louder than words ultimately and I have no control over this coin or any other at the moment. KingsCrown kept me out of a Scam early on and I felt like I owed it to him to stand up for the coin, and if they follow the idea it can work and be able to use the Ledger to show the truth always. Actions of buying products and selling Products would eliminate any doubt as to what the PoS coin was used for. If implemented it may be the first step to requiring honesty in transactions. If the goods are not sold it would be obvious the PoS is not used as intended. People could react accordingly. Maybe this is a better idea for the situation than I originally intended...

I am familiar with kingscrown loitering on Cryptsy's IRC channel advertising randomly.
I seen him post on IRC to see his new coin.. forgot the name of it though.
(I might be be to look it up on my IRC logs)

What i thought was funny.. is he had his ANN topic here freshly posted
and who of all people did i see show up right away praising his coin ?
none other than the infamous and HIDING at the time DAVID LATAPIE
So i posted on the SELF-MODDED ANN topic by kingscrown why are you here Dave ? (deleted later)
I said you were in hiding admittedly after the Monero French police Fraud scandal.
He apologized and hid from the Monero people and yet there he was posting away on that random ANN.
WTF ?

What are the odd's one of the main players and ex-employee of RISTO from Monero would have wandered by kingscrown's ANN topic then got super ultra excited about his pointless shitty coin clone ?

Who wants to bet there was far more to it than meets the eye.

These groups are shady and operate all over using infinite names with infinite coins.. and more coming.

BE CAREFUL

Don't involve me in your scam accusations based on your sock puppet account, I just mediated your issue since I always liked EXCL and mined it early on. I totally see your side, but there are costs involved with coins. The coin should have just been abandoned and left you high and dry!

Is it really that bad that you have to bad mouth the coin instead of being constructive?

I attempted to be creative and make things work for the benefit of the coin and the users, I have made no money from EXCL and have never scammed anyone. Although, if my ideas get integrated I would love to be a part of the success of EXCL!

I think people can see the truth of the matter and I am glad you put it out in the open for all to see and understand.

Coins cost money to develop and run. People mined the HELL out of this coin and took that money and left. Do you expect the new Dev to do buy coins from you and the market in order to have a stake in the coin they now saved with their infusion of BitCoin to keep it live?

You have a smaller percentage of coin now, it is still worth the same amount as it was at the split, even if the Dev has more they are not going to sell and crash the market. It is at the same valuation on the swap you just own less of the total coin, everyone knows this as a fact.

If the 49% PoS and 2% Dev fund works to infuse products into the market it will be a totally new concept to build on for a coin. It could revolutionize the markets. I started the idea based on your Conflict and Anger, if you hadn't come forward we wouldn't have the opportunity so thank you for the accusations it may actually build a better coin in the end.

Again, EXCL and everyone involved can now be considered scammers

Hi Mr. CryptoNick! thank you for your support. Yes! have but not so much because i shocked but i have started trade for EXCL Coin. I would like you work to valuable and profitable my coins, what is your idea? I would like to work with you.

Thanks of your extent of participation of help support. Kindly, PM the devs. for my connection.

I am not linked to the developers, I am making ideas as a user to better the coin. If you already own new coin I hope to make it more valuable and profitable for you, and I can only hope you get your old EXCL swapped. This is the extent of my participation. I will PM the dev for you and make sure you are connected...

Hi Mr. CryptoNick! I feels you may do something for me i provide you the wallet.dat file, because you are linked and there is a reference linked which leading you are also linked with developers, also. Kindly, i provide you wallet.dat file and you return me back again. Because its just waist   age of time i continuously waiting for response of the developers. I maybe become the cause of more frighten case after passage of more time.

Where i've sent email for their analysis but not sent wallet.dat because i want they should say YES to send.

Kindly, say what is better to do, whereas  i am sending and waiting, loss of time.

twitter campaig EXCL here http://promoplugs.com/SelectedCampaign.aspx?CID=200

Just PM the Dev they will take care of you. If you can take the time to PM instead of post accusations you will get your coins. EXCL paid a Mining Pool for coins that didn't make it to Bittrex... So there is no scam or MORAL RIGHTS problem, you just have to give them what they need to swap you onto the new chain at 1:10 since your old wallet is 10x what the new market is. It doesn't make the coins worth less either, there are less coins and they trade now at 10x what they were trading. It is a wash and no losses at all.

Why don't you just contact the Dev through PM? The Dev responded to you on the other thread the first day you posted your question. You can send your old wallet to them so they can see your transactions and they will most likely honor any coin at the 1:10 swap that didn't make it to the exchange by the deadline.

It has been 2-3 days and you are already posting on this thread siding with Priceslide... very interesting.

Take up your Crime Concerns with Cryptsy there is a class action and you can go claim your money back from that.

Also there wasn't any Buyers starting to get benefits as the price was plummeting or dropping and you said you were trading on Bittrex as you mentioned in the other thread so you would have seen the announcement on the trading page to get your coin in. They always list information on the coins like this: In preperation for the swap, wallet is open for deposit ONLY. Withdrawals will not be processed.

Hope you can figure out how to contact the Dev through PM on this forum.

If Cryptsy ever comes back, we will send coins to them so they give them to their users. Dead exchange cant stop coins from changing right

We did that to one small pool that was overlooked on the swap ie, so it could share coins to their users.

Okay on this one, but not exactly. 36 million was a theoretical total, just a figure out of thin air. There were less than 15 million coins available at the swap time (excluding 23 million burned). You made it 36 million and put the difference of 21 million in old numbers straight into your pocket. A very nice scamming trick.

It also doesn't change the fact you stole Cryptsy coins and those coins of other users who missed the 5-day time frame for swap. How are you gonna justify it for real?

this time u went too far with the trolling as its easy to verify the coins supply didnt change and premine on new chain didnt exist..

2014:

EXCL Specs

Total supply: ~60,000,000 (60MM)
[60000000 - 23474339.7208 = 36525660 actual total numer of coins in circulation]
Algorithm: x11 (POW)
Coins start: 49% of coins [approx 29400000 of which 23474339.7208 got destoryed]

2015:

Total supply 36525660/10 (after the 10:1 change) = 3652566


---------------------
so now we have a proof u are just lying.

u are caught now and this time its so clear theres no need to speculate more on this topic.

Just for the record, the dev also stole all coins in Cryptsy wallets which are in a receivership now, so their lawful owners have no chance to get them back. The dev controls most of the coin supply now!

Now isn't that what they all say.