Quote from: psycodad on April 16, 2016, 10:13:29 AM

Quote from: yogg on April 16, 2016, 08:20:17 AM

I don't understand what's going on with TIPS.
Can someone explain it shortly ?

From what I understand, there is a takeover. Allright, but what with the so called "sha256 group" ?
Does the new team plan to change the algo ?
What about BTER ? Was their coin swap arranged with the new TIPS team, or with that sha256 group ?

It's a little shady here ...

Thanks for asking.
At some point a random shady character came out of nowhere and announced a swap of TIPS and a new blockchain based on SHA-256 algo in a new ANN.
This was neither backed by the community who wants to keep TIPS what it is nor by the original dev who disappeared long ago.

At one point that shady character was obviously able to convince BTER that a swap is going to happen to the fake SHA-256 TIPS and BTER disabled TIPS withdrawal but they still operate on the real TIPS blockchain and are probably starting to realize that the swap is never going to happen.

A few of us then gathered behind teillagory to defend the original TIPS which involved also creating this new ANN so that people interested in TIPS have a starting point with all relevant information at hand.

So for the facts:
The real/original Scrypt TIPS is rock solid with 50-80 nodes and a hashrate way above 50GHs in avg.
All exchanges including BTER use this old and correct blockchain, BTER has withdrawals disabled but TIPS can be deposited and traded as always. Additionally there are Cryptopia and Alcurex available for trading TIPS.

The last post of the "swap" dev is from more than 2 weeks ago, saying

Quote from: fedoradev2 on March 31, 2016, 12:59:46 AM

we will do the swap soon, thank you for your patient.

The alleged swap would then end on 25th April, but until today no single coin has been swapped AFAIK.
So we can probably assume the swap has been abandoned and it may be only a question of time until BTER allows withdrawals again.

That said, it should be noted that teillagory, testbug, metamorphin and also cryptoid have invested a lot of time and some money to bring back Blockexplorers and website for TIPS and created this new ANN to defend against this scammy swap plan. It is only because of their efforts that TIPS didn't get hijacked by the swap scammer.

TL;DR: Nothing changed, TIPS is what it has been since it began - mine on and enjoy Wink

It's incredible how many greedy idiots are out there. I think there are some dark organizations out there trying to destabilize markets and make fake takeovers for instant profit. You have to be careful on what you choose to follow because you can lose money easily...thanks for the explanation mate