Quote from: nwfella on March 06, 2014, 09:46:34 AM

Quote from: glongsword on March 06, 2014, 06:20:30 AM

What the hell is going on. It's obvious at this point that FIREMINE/ALTSWAP/MINECO/maybe others? Are a SCAM!!! This "hack" has nothing to do with cryptostocks, altswap is just trying to rip all of us off by dumping all the shares they have to clean up the order books and abscond with the money. They even went so far as to issue 100000 more altswap shares to clear the really low buy orders out. What is more absurd is that their mineco is still listed, and being traded! All of these listings have the same owner "info@altswap.com". This is freaking absurd. Why hasn't cryptostocks come here to a) Refute claims that they are easily hacked and b) Warn traders about this OBVIOUS SCAM!?!?

After seeing this thread I lost 0.12 BTC to altswap assuming they were acting in good faith. Had cryptostocks been paying any damned attention to how altswap is manipulating their system, they would have halted trading on these SCAM stocks immediately and refunded as many traders as they could out of ALTSWAP's account balance.

Scammers will be scammers, but cryptostocks.com making no attempt at all to monitor and resolve this situation makes me extremely weary of their service.

Could not agree with this gentleman more. Obvious firemine, mineco, and altswap are a singular scam effort at this point. These are only a few in a long-line of scam-shares that have been posted on CS. The fact that the CS admin can lead one to only one of two conclusions:
1.) Some sort of obvious kick-back in the aftermath of each scam
2.) Admin is earning so much with transaction fee's he figures, if it ain't broke (insofar as to what it earns me) why fix it?

There's no doubt that FIREMINE/ALTSWAP/MINECO is a scam and it's unbelievable that CS allow them to keep going, one second they claim to have been hacked, the next they are leaving CS and after that they try to promote there next scam MINECO, can CS/Kumala please be kind and explain exactly what's going on there.

1) The know kickbacks Kumala/Cryptostocks gets is 1 btc per listed project so 3 btc from this obvious scammers listings.

2) 0,15% from both sides on bought/sold shares so before the mess started in altswaps listings maby 35 btc*0,003=0,105 btc from altswap and 63 btc*0,003=0,189 btc from firemine Mineco seems to have sold 150 shares so 7.5 btc*0,003=0,0225 btc the rest of the 5020 must be a few that transfered over shares but i look more likely that it's alswaps way of scamming investors from the dividend that they now pretend to be paying some of, but in reallity most of it is probably going back to themselfs throu accounts they control witch would be breaking Cryptostocks rules as the issuer is not allowed to get dividend on the shares they have in there possestion.

Each transfer(not per share as far as i understand it) Cryptostocks take a fee of 0.005btc*2(both the one trading in and the issuer pays that) for. The 0.01 per stock that firemine announced for traing in firemine to mineco goes to firemine.

Each withdrawal Cryptostocks charge 0.005 btc for.

If Cryptostocks actually takes bribes to let actual and obvious scams to carry on scamming people on there exchange i don't know, hopefully not.