Re: [ANN] [REBOOT] CWXT- CRYPTOWORLDX- REBOOT/RELAUNCH-ADD MASTERNODES

Lol at the obvious liars and scammers.

This has been hilarious to watch.

The fucking clowns "in charge" of this coin have no fucking clue what they're doing and they still took so many people for a ride.

Well done.

I dont think they are scamming anymore. Just poor execution... Scammers would vanish.

It seems like they are young and have a poor understanding of the industry.

Right. I'm not pointing fingers quite yet. Maybe it's a language barrier, too.

But, let's summarize the events :

1) Devs announce a reboot / relaunch with a 3:1 token swap with masternodes.
2) People don't do their own research and miss the massive pre-mine and buy anyway, causing a price runup.
3) Some community members / devs notice the large 'address' of the original dev causing some concern for the swap. (someone even points to the source code on github to show the massive premine)
4) Devs make an announcement to change to ERC-20 and will now hold an ICO.
5) Community members complain this isn't fair to those who bought on the promise of masternodes and lower coin supply.
6) I point out that you can easily take a snapshot of the current CWXT database, use various cryptographic schemes a la digital signatures to prove address balances that could be used for a swap to the new CWT ERC-20 token. I also point out that the amount needed to fork the chain is probably much smaller and that we could probabilistically fork the original pre-mine away since it's clear that this amount is not being staked.
7) Devs like my idea but then dismiss it claiming that I say CWXT is ERC-20 and that the mechanism I proposed is not doable (to which I call BS and others are being polite and saying devs are new and don't understand).

Cool

. Now we're here.

I'm sure the community can convince the new team to do the right thing. Wink

Thats not really fair stating that people bought anyway. If a coin is on an exchange, it should be traded. If youre going to mess with it, then it needs to have a warning or be delisted from the exchange.

I'd include myself in the group of people who bought without looking at the source code.

I wasn't trying to be putting people down who bought and believed the devs promise of doing the swap. I believed too and bought accordingly.

Also, YoBit (where the vast liquidity for this coin is) is notorious for never updating a coin if there has been a community take over or a hard fork. You can try all you want to contact them, but they will leave the old chain up, or not have a working wallet and run the backend for the trading with a database.

Anyway, the point of that stement is that people bought based on the devs statements that they would be doing a coin swap at a 3:1 rate with masternodes.

Now the devs say they want to do ERC-20 (or that it was originally planned), but anyone who has been around the block all know that you can't have masternodes with ERC-20. That's lunacy.

My conclusion is the devs must be either 1) incompetent 2) new to crypto or 3) outright scammers.