Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Unity Ingot Official Launch - World's First Crypto-Mining Backed Token
by
aprimate
on 01/06/2018, 16:16:32 UTC
Smart contracts are software. Have you ever, in your entire life, seen any piece of software not have bugs on it's initial release? Bugs happen. Bugs get fixed.

C-Cex, on the other hand, has a long and sorted history of defrauding users and extortion, continuing right up to this very day. Their record speaks for itself. I need not explain myself any further.

As for Arbitrade, I do not smite them simply because the name Troy Hogg is connected to it. We have plenty of 3rd party validation from very public and credible sources that every aspect of Arbitrade is the real deal; From the miners, to the bullion, to the board of directors. If you feel otherwise, this is a free market. Take your investment dollars and your FUD elsewhere.
100% agree on what you said. Troy Hogg has not been proven to have been part of anything illegal. That single slandering website spreading bullshit about him was made for the simple purpose of creating FUD. Creating FUD is easy and cheap comparing to building a good long reputation. Arbitrade has been verified by so many sources to be a legit and very ambitious project, it just hasn't fully launched yet.


Look at the Dignity Coin contract on Ethereum

https://etherscan.io/address/0x093e5c256ff8b32c7f1377f4c20e331674c77f00#code

The admin can mint coins, freeze accounts, ban users.

JUST UNBELIEVABLE  Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked

SCAM ALERT
RETARD ALERT!

I'm very familiar with that smart contract and also found the scalability issue in it. That issue would likely have been found out earlier with heavy performance benchmarking in a test network, which projects rarely bother to do. I am actually a software developer specialized in scalability and performance, so I've seen similar issues in many projects in my career. Shit happens. Since it has been detected and is being fixed, this is nothing catastrophic.

Also, solidity based ETH smart contracts have not been around that long, there are actually very few experienced blockchain developers in the world simply because the technology hasn't been around for long, so hiring the best of them isn't just a  matter of money. I'm very glad that Arbitrade is redoing their smart contracts together with one of the top smart contract companies in the world, this is the best anyone could do in this situation.

Also, the fact that the contract allows minting coins or freezing accounts is not bad or "unbelievable". There are many tokens that work just like it. In fact those features are very useful when dealing with non co-operating scammy exchanges like C-CEX.

Oh and yeah, all DIG on C-CEX is located in a single ERC20 wallet which is their main ETH wallet (despite people seeing invidual addresses), It is very easy to identify those, and the same goes for the ETH wallet of Livecoin. EDIT: Actually the identifying might be harder for DIG tokens that were withdrawn from Livecoin and then put back there.