Re: [ANN] ArabianChain - DubaiCoin (DBIX) - Smart Contracts from Dubai to the World
Guys, I think the 540k livecoin wallet is just the way livecoin works.
I think that everyone's livecoin "wallet" is that one wallet, and they keep track of which user owns how much in a database somewhere.
So the 540k coins are just the number of coins on the exchange. The rest are in cold storage in people's private wallets.
That being said, WTF are people doing?
STOP mining directly into livecoin.
WITHDRAW every single coin from livecoin into a cold wallet, and only deposit to livecoin when you actually want to trade.
You people have given livecoin access to 50%+ of the supply. What if the before-mentioned database gets hacked, and someone assigns all the coins to himself?
God damnit.
I think that everyone's livecoin "wallet" is that one wallet, and they keep track of which user owns how much in a database somewhere.
So the 540k coins are just the number of coins on the exchange. The rest are in cold storage in people's private wallets.
That being said, WTF are people doing?
STOP mining directly into livecoin.
WITHDRAW every single coin from livecoin into a cold wallet, and only deposit to livecoin when you actually want to trade.
You people have given livecoin access to 50%+ of the supply. What if the before-mentioned database gets hacked, and someone assigns all the coins to himself?
God damnit.
I stand corrected. Thank you for this clarification. My apologies to the people in this thread for my error.
Resume the frenzy
