Topic: [pandacoin] The Panda Coin ♥ Scrypt Adaptive-N w/Kimotos Gravity Well ★ - page 53. (Read 398951 times)

Jeez... you guys just go from bad to worse. In what world would Wolong allow you to "claw back" his holdings? And what other world would there be a "market" for you to "dump" them on? And that third world where you are going to "dump" the new shares acquired by the previous "dump"? where would that be? And who will these shares be dumped upon exactly? I think you may be having a freakin' breakdown there sevoque.

That plan does nothing for anybody except extract you out of this mess, so that you can move on. It is time that you manned up and stopped crying in your beer. Besides, that plan is so stupid, even the idiots here wouldn't be fooled by it.

First, you have to accept what happened and move on. Wolong will probably want to pump this coin up for his own gains, but even if he just wants to keep dumping... well, let him. sooner or later, his share of coins will be gone.

Secondly, you have to get up every day and work hard to make this coin a success despite the difficulty. It sucks, it's not the vision you had in mind, and many people will never forgive you, but that is where you are.

Thirdly, you have to keep everyone informed on a daily basis what is happening. How many founders coins are still hanging over everyone's heads, for example. You may not know precisely, but give your best estimate. Also, what are the developers up to? If they have abandoned ship --say so. There will probably be volunteers to step up, especially if they get some of your (and founders coins).

This coin was always a stupid idea and I feel bad for the newbie suckers you talked into it. But, you are where you are -- now, at long last, do the right thing. Hand this coin over, faults and all to someone and then move along or stop sniveling and get to work.

Thank you of the reply. To get this boat on the right track seems to me is almost impossible. Wolong would have to give up his share witch he won't do. The coin would have to be rebranded without any mention of his name and complete relaunch. Now the biggest issue is wolong, this coin was made in reference to him and his like the head of the snake, if you cut the head the body dies. Someone made refence to forking but as you have stated he has moved his coins.

I think we are going to have to get the dev team to rebrand the coin and relauch without wolong. As much as it pains me because I lost my only BTC I had here witch took me almost 1 month to mine and then I bought another 1BTC thinking I could salvage my other btc so in total I lost 2.27 BTC but Im sure other lost WAY more than me.

My concern all along was for the newbies that would come in, not know the story and get caught in the crossfire. If wolong can't be rooted out it is time to kill this coin and let him rot with his 700mil. Rebrand the coin, Relaunch with 0% premine and work with a free and clear conscience. Their is no way we could ever move forward with the shadow of Wolong. Im just a lost for words this was a very tough week for me as I also got scammed from malaysian company and they never sent my video cards 3200 worth so for the ones who read this stay away from Alibaba, even if they are a verified seller. I had bought from them before but now is a scam fest due to high demand in graphic cards.

Thanks Sev for the update but is time to cut ties with wolong all together and the only way is to kill the coin, rebrand, relaunch and have him rot with them

+1

I wish the community would look past what wolong did, and understand the devs had nothing to do with it.

We agreed to wolongs terms, people bought 2 rounds of IPOs, and he dumped his premine.

Technically there was no scam involved, as everyone knew the risks when they joined the team or bought shares of panda coins in the first place.

However, after all is said and done. We have a lot of projects planned, and stuff to port over. We don't care the coin has lost most of it's value. We still like the work we did, and we hope the community can continue to grow.

In wolong we trust is a lesson in crypto-currency that will continue to live on and have a cult community following. If you don't want to help us, then please understand wolong is no longer with us and we have nothing to do with him. He dumped his shares and he is now rogue.

https://bitcointalksearch.org/topic/m.5302833

IPOs = stay away

PANDA has been a good lesson... rather painful but thanks

Mctanio,

appreciate the encouraging words to get the project on track. Let me just fill you in on stuff that has been discussed and also the complications involved with trying to execute on any of them.

As you can probably tell, I've refrained from posting too much in the last 24hours due to the increasing amount of trolls, 4channers, and everything else you have seen.

In a nutshell - myself and Jacob, MXTM, evoked and chise have all been talking about potential ways forward - please also bare in mind that the other main dev on the project, is Artis101 and he has been AFK since the project launched due to personal matters and so we have yet to bring him up to speed and gauge what he feels is the right way to push forward. Without him around at this point, (we were expecting he would be back already) it is difficult for us to make any firm decisions.

I personally don't want wolong involved in any way going forward. I want to find a way to claw back the coins, dump them at market, use the BTC to purchase back holdings from IPO investors through rebuying those funds and also dump their panda at market to effectively wipe the playing field and start from zero. The issue, however, is that Artis and Jacob are the ones who are caught in the crossfire - Artis has had no way of even touching his funds given that he is AFK and jacob hasn't touched his either, also consider investors like Molly who effectively bought in at 50BTC at a 25 satoshi IPO value, it will all be wiped, and with all the will in the world, I don't see wolong relinquishing his holdings.

Myself and add1ct3dd have taken a look at wolongs wallet activity and it is clear that he has moved 200mil aside (most likely mollys holdings) and its clear that he has moved a further amount to exchange and is being held there, (thats our guess anyway), likely Mintpal. So it makes our job very difficult, because even if we teamed up with the bigger pools and forced a 51% , it would leave a lot of good people very fucked and we really don't want to cause any more issues or drama with the community given everything that has happened.

I'm personally open to any suggestions that in theory could work, but please know one thing,I PERSONALLY have little authority over what can actually happen given that it is Jacob and Artis who are the core devs and would need to agreee between themselves.

We are obviously distraught that all the hard work, time and effort we have put in was seemingly sabotaged in the window of a few hours and would love to find a way to move past it and regain the community trust.

TLDR: I think the coin would be better without wolong, he adds zero value to the project.

Just my 2 cents

Sev

Seems fitting, lol

BUMP

The fact of the matter is that everyone is getting scammed because BTC is in the same BOAT... LOL they just did a massive pump and dump right now from 550 to 625 and dropping fast now..  I guess is all a massive scam including the BFL's and Cointerrra

about 85% of the people posting on this thread all have accounts made in February of this year....*yawn*

Majority believes that markets move randomly and reflect the collective wisdom of investors; the truth is quite the opposite.  Behind the scenes there are scammers of mammoth proportion who will go to any length to make money.
These scammers will create IRC rooms and charge people .2 BTC entrance fee for the “privilege” of being a pawn in their money making schemes.  These scammers will bitch and complain about major exchanges to get their pawns to move to a smaller exchange that they can more easily manipulate.  Truth is they have been on this smaller exchange for a long time loading up on cheap coins such as MRC at basement prices. Once they get their pawns on board, they do things like move the price of MRC up then instruct their pawns to buy (their coins) for a much higher price than they paid. This is but one example of the things these scammers do.  They do these fake pump & dumps often with their pawns, they silently load up on cheap coins then when they have enough they start to drive the price up and instruct their pawns to buy them up when in reality they are selling the pawns the coins they bought for next to nothing. They even write a book telling the pawns that’s it’s never too high to buy.
These scammers will go as far as to create a fake coin that’s pre-mined with the sole intention of dumping the pre-mined coins on their unsuspecting victims. They get as many people as they can (including their pawns) to buy in at a high price promising them a huge pump but in reality they are unloading their pre-mined coins at a premium price. Eventually the market is overwhelmed with coins being sold and begins to tank. This is where the developers all get greedy and start to dump as fast as they can. Days before they do the pre-planned dump they release a “book” that explains it’s perfectly normal for the pawns investment to crash down to nothing and that the pawns should not sell at any cost. These scammers don’t want the pawns to sell because it will drive the price down faster as the scammers are dumping their pre-mined coins.  As they slowly dump their coins they instruct the pawns to hold. This is what is known as “bagholders”. Some of these bagholders don’t even realize they’ve been scammed, and when they finally realize they get “kicked” from the private room but the scammer doesn’t care because the scammer has more pawns lining up to pay him .2 BTC entrance fee to be his next victim. The scammer is laughing at them the whole time, silently mocking them by using the name "gameofdeception" yet people fall for his tricks. It is usually the people without knowledge of what is really going on who lose in the end game.

Please don't quote 100 irrelevant lines if you are just replying to one line.  

Dicks like this guy warlock who feel need to put [] on his name because he is so bad ass. You my friend are the real FUD master! Listen to this dick!

500 satoshis? I bet you 0.1 btc it is not even 200 satoshis by next tuesday. gentleman's bet which must be something foreign to you

Wolong's explanation

It's not particularly relevant here. If someone controls the majority of the hashrate for a coin, they can control what transactions are valid or invalid. That would let them get away with pretty much anything.

Since you demanded it...

I already said this was going to happen earlier today when it was 15...and i was shot down and ignored by so many people. If you didn't sell when it was 0.00000040 then you are a mug.

You have got to know when to hold them and when to fold them. And when some twat with a small dick complex is running around playing "mummy look at my big balls" with 2 billion worth of coins and him and all the developers are doing nothing but having secret bum sex chats on free node while lying and telling everyone they are going to be rich but at the same time doing sweet f all substantial with the actual coin. Then THAT my friend is time to fold. If it aint then i don't know what the fuck is!

by the way i lost a little btc on this coin but i "pulled out" of wolongs ass relatively fast (i am still trying to get the smell of me) so i am not too bothered. for me it was an acceptable loss. I learnt a few things:

1. never trade any coin with the word panda in it (if you muppets, i am talking to all the developers here - except the original panda guys, can't make a coin with an original name then you don't deserve my btc)

2. never touch any coin any of these so called developturds are with

If thats the case then we are not bad at all.  Now the developers have to come to the table and speak path.. Whats going to be will see

Wrong, he transferred 1 bil to what looks to be an exchange.

I'm not saying this to bring you down since you seems like a genuine ok guy, nonetheless, from anyone not financially involved, it's pretty clear that what can't get any worse is:

- a coin for which a vast number of people advised against for showing clear signs of being a scam, led by a known scammer and associated crooks with documented history of previous shady endeavors
- people warning you being either ignored, or belittled and branded as trolls and shills
- scam unfolds as was predicted
- bag holders in shock induced denial
- developers trying to save their own ass from public anger by telling everything and the contrary, shaking all responsibility and pretending it's business a usual, everything's gonna be fine, and having the nerves to predict that PANDA will reach 500 satoshi in 72 hours (seriously?!).

I'm sincerely sorry man, but there's just not a chance on earth this coin ever recovers from that.
Everyone desperately clinging to it, at any level, will eventually be branded either a scammer or a deluded fool.
You won't be able to bring any new blood in this wrecking joke to soak up your losses by holding your bags for you.
There is such a thing as too much bad publicity, especially when money is involved and people are being robbed of it.
This will stay as it is right now: a circlejerk of sort between people who bought into the scam and got burnt.

Also I can see why it's psychologically tempting for you to draw comparaisons with what Doge has been through, but it just doesn't make any more sense from an outsider point of view.

Sorry man. Next time, don't let yourself be blinded by greed to the point that you miss not only all the signs, but fail to listen to people who had a clearer mind.

Hope you didn't invest too much in this

think wolong only has 50 mil of premine left

What is the mathematical defenition of:
Dump: =? Purpose =?
Pump: =? Purpose =?

What is 51% problem?

Somebody clearly explain.

people just frustrate about their loss.. the thing is..i still dont understand why he has the control arround 1,6 billion pandacoins. and like we see now after not even a week he destroyed the whole coin/project.  We must go to Singapole and look where he live, and kill that bastard.

I think your point is valid and I respect that. Now Sev came on here talking how he was deceived by wolong and all this drama that unfolded.  Some said he was a scammer and everyone else. So far all I've heard is finger pointing, again if in the next few days a concrete plan isn't developed and put in place with this community, then what ever they said was a lie and they are all scammers