Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Vcoin sha256 pow
by
gjhiggins
on 29/09/2015, 14:28:06 UTC
Organisational reality - expect some exchange operators not to feel part of a coin “community” or behave as though they are.

There seems to be something about the notion of “decentralised” that has escaped Richie Lai’s understanding (the “bad transactions” incident refers to SterlingCoin SLG):

In regards to Bittrex specifically, while trying to get Bittrex to update to v1.5.1, I received this communication from Richie Lai of Bittrex:

Hey Steven,

I've been trying to unwind a bunch of bad transactions... It looks like we have deposits dating back almost a month that somehow were orphaned? There are also a bunch of bad deposits starting from Monday. Do you guys have a foundation or something that can help us recover coins? It looks like we're out about 42k in bad deposits. I've resynced now but can't reopen until we make our balance whole.

Thanks,
Richie

I have responded to Richie and informed him that we do not have a foundation. I also told him I would reach out to our community. As you may know, the dev found has long been depleted by server costs and none of those funds remain. I with all of my own personal Sterlingcoin and on behalf of the Sterlingcoin developers, could contribute half of the 42k to do this if the community can aid with the rest. It does appear any action should wait until after the fork.

Bittrex, the well-known philanthropic, not-for-profit organisation requests that the SLG community reimburse Bittrex’ losses or face permanent delisting of the coin.

He'd get short shrift if he tried that on with Bitcoin. I wonder who might Richie have in mind should he feel the need to contact the VCoin community?


Cheers

Graham