Quote from: Immy7 on July 07, 2017, 05:51:54 PM

Quote from: Bitcoinmeister on July 07, 2017, 05:29:09 PM

Quote from: Immy7 on July 07, 2017, 04:51:15 PM

I wrote this e-mail to livecoin. I am looking forward to their response:

Hi,

I have been monitoring the situation with Dubaicoin for a few days now. To my understanding, you have been stopping miner's deposits and these funds have been allocated to a single wallet belonging to Livecoin which now contains nearly 540,000 DBIX http://dbixscan.io/addr/0x22038431b892e60e3b2f4936d119ffca114a385a

This is a very big problem. You now hold more than 50% of the circulating supply of a token that has increased in value by more than 200% in the past week. Can you please provide a detailed response as to why exactly you have been preventing deposits (whether it is due to a technical glitch, market factors etc.). You also said that you are reimbursing those who incorrectly deposited through your own schedule but have not specified to the community what rate this is.

There are alot of people who have invested in this coin in recent weeks and a price shock through what you are doing (whether by accident or on purpose) could hurt a lot of people and the reputation and future of this project. We need clarity to protect the community, the investors and the future of this coin. Furthermore, further information on your part will help alleviate concerns that your exchange is manipulating the price of a coin that appears to have one of the highest, if not the highest volume for your exchange.

Thank you. For your information, I will be posting this message and your response on the ANN thread found on bitcointalk.

Thanks,

man you are really an idiot, this livecoin wallet

Explain yourself. It's pretty obvious that I know this is livecoin's wallet because that's who I e-mailed. My point is that the fact an exchange house holds more than 50% of the tokens is exactly the problem!

People just keep their dbix in Livecoin wallet. They can any time withdrow money. Everyone who scares can withdrow to his own wallet. It is normal
because it is only exchange that you see all money there. Nothing to be afraid of.