Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [GEO] GeoCoin | GIS & GeoTechnologies
by
crymoonpto10k
on 21/10/2018, 08:00:04 UTC
Just a note from a security perspective, 85% (~2.68M / 3.18M) of the circulating GEO supply is in the Bittrex wallet (https://ubiqscan.io/address/0xb3c4e9ca7c12a6277deb9eef2dece65953d1c864). Obviously, this had a lot to do with the transition to ubiq where people were moving coins to the exchange for the swap.

If there were ever a security issue on Bittrex (not saying there will be, but this is Crypto after all and this type of stuff has happened to other coins/exchanges), Geocoin would be screwed. It might be a good idea to start diversifying where holdings are kept as a community so a high price isn't paid by everyone if something were to happen.