I still can't get it, why team Pac did not ask cryptopia to stop BTC/Pac trading immediately knowing that loads of nobs new investors being screwed. You guys are giving reference of blog on pacnet where ppl were warned about high price on cryptopia,maybe you don't remember war between old dev and new dev about ownership of pac that time, there was 2 twitter accounts and bill the old dev came up with paccoinoffical website? who should we have listened?
I would like to know, what was the deal between bill and sal, how many billions coins they had and where did they sell? maybe pump was part of the deal to sell their worthless coins to nobs like us?
Ok lets presume we were stupid, did not do market research , over paid and we are solely responsible, despite all our coins/investment was held on cryptopia due to wallet maintenance, we could have sold them lesser loss or stake them, why we were not allowed to do that?
I have about 3 million coins in my wallet, staked them for a month and got 480k. If i was allowed to move my 50 million coins from cryptopia and stake them, at least i could have increased my number of coins.
You ask a very fair question, so I'll try to clear it up because it seems to be a point of confusion on here and on reddit. I've been in crypto since 2013 and one thing that's remained universally true throughout that time, is exchanges do whatever changes want. Cryptocurrencies are decentralized blockchains. There's usually a core team behind the source (aka. the group that controls the source repository) but anyone can run the chain, anyone can use the chain, and anyone can fork the chain. For example, right now, you can take the $PAC source, fork it, and form a new chain. If you can convince all the $PAC users (and the exchanges) to use your fork, you would control the coin.
No one asks the development team to list a coin. If an exchange wants to list a coin, they can. If they want to pair it with USD, BTC, ETH, or some random exchange only currency -- they can and there's nothing the developers can do about it. I wasn't on the team as I mentioned, but having worked with them for several weeks now I can tell you they're a hard working group with good intentions and I honestly believe they reached out by every means possible to warn $PAC supporters. I've yet to meet a single person who seemed ill intention on the $PAC team.
At the time, there was also no channel to Cryptopia. I wasn't there then, but I was there when Cryptopia decided to start communicating. Even then, to be frank, the information flow was rather lacking. The team would be told one thing and something else would happen. As I mentioned before, exchanges do what exchanges want -- always have, always will.
best,
break.