I really have to think that someone who bragged about botting shares of the coin(350,000 which was later denied), tried to charge people to keep the block chain in order, and now has killed the votes that have been worked hard for by botting at mintpal is more of a problem to your community than anything.
There are other exchanges, but don't allow the guilt to be place on Mintpal for trying to keep their vote system somewhat fair.
Hopefully it doesn't slow down your profits too much. That's what this coin is about right?
So this is not really fairly distributed coin after all because the guy involved also used his botting skills to gain more shares of Faircoin the same way he did with Mintpal votes. The greedy dude wants huge profit from his cheating ability.
Just to update: All my accounts have been banned, the security update by MintPal should block all bot voters from now on. I don't know what will happen tomorrow.
I know that FAC has strong chinese backing and a good community here also, so you guys will prob. win with legit voting.
As for me, I think you can forget it, I'm out. I completely fu**ed up. I won't post/contribute anymore as I think I am detrimental to this community.
Good luck.
The ironic thing about all of this is the fact that you made MintPal change their voting security. They, along with every other coin, should be thanking you. To think that they need votes in order to garner support of a coins listing, but have a system in place that can be gamed is incredible. Like many have stated, if you wanted to mess with a competing coin, all you have to do is implement bot voting and ~80% of that vote goes away. What a system!
That being said, I hope that Jay does have a change of heart and only removes the bot votes. That would be the best decision he could arrive at, for this coin AND his exchange.