Quote from: AGM76 on November 05, 2017, 04:08:32 PM

Quote from: matey1111 on November 05, 2017, 03:01:29 PM

This BS doesn't make sense, how could the issue only be coin dumping from miners on coinexchange.io?

Transfers from coinexchange.io to BtB account and visa versa were not possible... as addresses to the on site accounts were never made available and the button for transferring coins out were greyed out and not accessible, so the site was not affected, however coins were allowed to be transferred from miners to get dumped due to the lack of trading on the BtB site causing the crash.
And since there was little to no trading on the BtB site exchange... the real issue seems to be that the $0.02 ICO price is what destroyed the platform, by allowing millions of available coins to be dumped at ridiculously low prices for massive profit on site.

Mistake count
#1: Price spread, $0.02 ICO, $0.20-$1.00 for everyone else

#2: They realized the $0.02 ICO mistake and massive coin quantity will cause a dump so they restricted 15% per day coins available at beginning of platform lending, allowing only major holders to
   dump larger quantities.

#3: Realizing major holders dumping their 15% of coins is still crashing the on site price they lock all investors coins in a loan without permission at about $1.20 per token, to prevent dumping.

#4: Telling everyone that they have massive capital to rocket the price so don't dump the coin. (read on)

#5: Realizing that they just pissed off every investor they have by locking the coins in a loan, they release the coins out of loans after the price tanked to around $0.30 which caused more dumping, as
   that's all you could do as no one is stupid enough to loan the coins at $0.30 when they were just locked at $1.20.

#6: Allowing miners to deposit to exchanges directly while Investors were locked out of transfers, that's what miners do, dump, dump, dump. BTC, BTC, BTC. Miners don't care about any coin but BTC!

#7: Not buying back their coins at a reduced rate when they had the chance, all those coins they sold at $0.30-$1.00 could have been bought back at under $0.20+/- on site or $0.10 on CE.IO reducing
   market availability, and leaving them with around 65-70%+ of the ICO funding, while rocketing the price like they said.

#8: Realizing every move or non-move they make is making things worse, they apparently decided to allow tokens from the site to be transferred to a wallet which seemingly only worked for select
   people (large investors) so they could transfer to coinexchange.io to dump the coin in the hopes that people would start to trade onsite raising the price, or kill the coin outright since it is dying
   already, screwing everyone else, blaming mining. (there...#8... that's my conspiracy theory... and #9)

#9: It's too unbelievable! Nobody could be this stupid, Yakov Fabrizio probably orchestrated this whole thing to capitalize and scam out.

#9: Where is my BtB visa card?? (seriously though)

#10: Yakov Fabrizio has not explained the plan for the coins on coinexchange.io? or coins transferred into the wallets. Anyone unlucky enough to trade is going to get burned I bet. That would be
   mistake #11, no one will trade the next coin if they screw over the coin holders at coinexchange.io. Unless they want to kill the next coin as well.... if it happens...

#12, if there were so many miners.... why was their no difficulty adjustment?!?! That's what makes this so unbelievable, NOTHING was thought through with intelligence if this guy is legit.

Holy Yakov Fabrizio banana coin split, Batman! Is this Joker going to get away?!?

He released the loans at much lower rate after he dumped the coin on coinexchange as he didn't want to pay the daily interest on the higher amount. I'm surprised more people didn't complain about it.

Also, what was this massive volume on the external exchange from and who was buying?

Finally, what is the point of giving a link to a wallet and source code (maybe compromised to steal even more BTC). People can buy BTBc on coinexchange now for a few cents and transfer it to a wallet. Do these coins have any value now?? Why aren't people buying them at a discount if they really will be swapped for a new coin lol does he think people are so stupid they would buy more just to get dumped on?

my account was unlocked at$0.33 cents and dropped to .22 after that, the massive volume was obviously Yakov Fabrizio/other large investors dumping for instant profit to buy in lower to sell higher again, but it didn't recover, they killed it. Traders taking a chance on making profit, that's who buys. but with a crash like that, buyers become sellers and stay that way.
I bought $100 of BtBc at 0.00001200 and sold at .000056xx took a nice little profit then waited for the price to tank and bought $100 at .000005xx. Took nice profit and still have coins just in case, scam or not.

Source code is to show the wallet isn't set to steal from you, and show trust, and have it scrutinized that's the whole point. Value is what people are willing to pay for it. BTC itself if no one is willing to buy can crash to $0.01 in 5 min, with an value evaporation of 99.9999999% with under 1% of BTC coins traded.

Value is what someone is willing to pay, and unfortunately a minority of traders holding a majority of goods with just a few trades can destroy value of anything. I have a tree outside and there is a leaf on the tree, If I pick it there is no other leaf exactly like it, if I can sell it to someone for 1 million dollars that leaf is worth 1 million dollars, if that person cant sell it for $0.01.... its worth nothing. Also If the leaf does sell at a higher price to the next seller and I pick another leaf similar to the first and someone likes it and I could sell this leaf for 2 million the first would also be worth 2 million. however if I can only sell the second for $0.01 that would make the valuation of the first $0.01 as well although the purchase price was 1 million, unless the holder of the first or second leaf could sell theirs for a higher price. That's the whole premise of exchanges, one second you have value, the next you have more... or less... and often based on nothing but fact less conjecture.

People are buying the coins.... there is 18 BTC buy orders at .00000437 at time of typing this. the highest buying point I personally saw was 38BTC.... not as high now but people are still willing to take a risk. And the world is full of stupid people, there is no shortage of stupidity in this world.