Re: [ANN] [XEL] :: Elastic - The Decentralized Supercomputer ::

PUMP

Quote from: abaumgar on February 17, 2018, 04:13:03 PM

Hi guys, I just saw that more than half of all XEL (50,698,500 of 89,390,937) are on the BitTrex account (XEL-AQVJ-PPCK-QJYJ-8T65V) Roll Eyes

It's bad practice and undermines the idea of decentralization... please think about it if you have your XEL on BitTrex and consider putting it on a private account.
Have a nice weekend!

PS: If the situation keeps like this, I really hope that XEL will be delisted from Bittrex to wash out the Bittrex-Hodlers

This coin will have a pump without doubts very big. And here about the exchange that removed a coin from the exchange to me frankly speaking your thought is not absolutely clear. Perhaps I what also understand that I exclude it.

i don't understand. How is it possible that more than half of all XEL are owned only by one people? I don't think this is really safe for xel itself..

Half of XEL are not "owned by one people" half of XEL are stored at Bittrex. That's a phenomenon you see with lots and lots of other currencies and nothing unusual. Most buyers don't withdraw their funds onto their wallet, so the exchanges store the majority of coins.

The problem is that more than half of the XEL are in one wallet, which is Bittrex. If this wallet gets hacked then Elastic is dead, for sure.

EDIT: Nobody knows how many people at Bittrex have access to the password of their XEL account. Exchanges have been hacked before.

Why every step of elastic, a Lot of... how to say... trolls... try to bullshit elastic?

Each xel represent = computational power

At the moment is equal to 0... tomorrow will be...

If somebody will hack bittrex all the token will reck, not only xel