Post
Topic
Board Announcements (Altcoins)
Re: [ANN]Faircoin - The First Fairly Distributed coin. MANDATORY UPDATE!
by
BTCspoon
on 29/03/2014, 00:09:09 UTC
Again, about NXT-E.

I summarize some of their points:

1. They thought it's the dev who create the fork and sold 15m FAC to cash out.

2. They thought the dev is Chinese scammer. He kept a huge amount of FAC to wait for cash. Funny is all staffs of NXT-E are Chinese.

3. They said they did nothing wrong. They said they were informed too late so it's the dev's fault.  (So Satoshi should pay for those losing their money on Mtgox. Mtgox did nothing wrong!)

4. They said unless the dev paid for the loss or "combine" the fork, otherwise they will stay on the forked blockchain. That means those users who deposit their real coins won't get their coin back.

5. You can see several pages before. There are several Chinese character posts saying FAC is dead and no exchange will accept it. They are from NXT-e working QQ group.

6. Likely,  they will blame me as they think I am another account of the dev.

7. I love their logic. But they don't love ours.
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You got the idea.

That's what happen with exchanges operated by students in a garage. To be honest and a bit cynical, the only person to blame is the one who trusted them in the first place. Now take your losses and move on.

Stop giving your trust so easily, stop giving them a reason to exist.

Count for Coins, IPO, Exchanges, and pretty much everything involving money.