I understand that you guys are trying to stay positive, but if this wasn't a scam, Zip would have addressed the community by now.
We got scammed, it happens.
Not trying to minimize the pain of our losses, and the hurt we feel after having so much faith in Zip, and him betraying us. He wasn't hacked. He stole the money. It was a well thought out scam. Suckered us all in with the free coins in the beginning. Share was falling and it was time to move the last stage. Take everything and disappear.
It's too bad such a talented developer is not in it for the long term. It would have taken awhile but everyone really liked his exchange. It would have become one of the big players.
Total dumbass, and lacking any care for others at all. I can't imagine doing this to so many people and being able to sleep at night.
Totally will never understand how people don't feel bad, hurting so many people, and hurting the crypto movement at large.
Total scumbag!!!
You may or may not be right. But, if it was a scam and as people claim, he really did hold share coin... Why price FeeShares at 20k SHARE. The price of SHARE was up around and heading about 400 sat. The money coming into the exchange was much higher is the SHARE price kept going up.
Why give all the coins out for free, spend so much time developing the distribution site, making sure to filter out double accounts, spend time improving the exchange javascript. I'm not saying the guy isn't a thief if he never comes back, but I just don't see how that was his end game from the start.
Because for a coin to be valuable it has to be exchange somewhere, so the initial distribution makes perfectly sense.
And the coin gets a value when it starts to be bought. Nobody would have bought into is FeeShare otherwise or an exchange brought by some noob.
And scamming people, require some investment too... (that a real job too