Post
Topic
Board Announcements (Altcoins)
Re: [ANN][X11] NinjaCoin PoW/PoS LAUNCHED - Ninja Launch - Bittrex - Hard fork 1.2.0
by
kryptologist
on 16/06/2014, 18:06:33 UTC
bittrex should change the walet to the new fork and allow users that had valid coins before all this shit happen withdraw safely to the new wallets. Why is this so hard to do?

Because the forked wallet removes millions of coins that were already sold. Some people bought for several btc and their coins would be lost from bittrex.

the coins they bought are invalid anyway now, what are they gonna do with them? At least give a chance to withdraw valid coins dammit

Nobody knew that those are invalid. We knew it only when the price hit 1-2 sat. I think they should remove the coin as it is. The coin is dead:(. Never keep your coins in exchange wallets.

The coins were not invalid.  The source code and those on the network running it decide how many coins there are, who owns them, etc.  Ninjacoin operated exactly as it was intended to do.  How it was intended to operate may have been different from what you and everyone else (except the dev) expected, but that is a interpersonal issue not a technical one.

If you had your wallet open and were staking, your client was complicit in the inflation of the moneysupply.  Your client agreed on the new higher number, your client validated the new blocks, etc.

which was not supposed to happen in such amounts, hence, coins are invalid.

Yes, it was supposed to happen.  That was my point.  The inflation in the number of coins was part of the source code and was destined to happen.  You might not have known it was going to happen, but that doesn't make it invalid.  Again, the moneysupply is decided by the network and is not a fixed number.  The "max number of coins" you see in ANN posts are not definitive.  The source code and those who run it are the definitive reference for the moneysupply.

Yes but when Bittrex adds a coin to their exchange they can also input a max supply value. Use this to check with the coin network. It could have been suspended immediately before the coins even went on the exchange. Dev scammed us, Bittrex has weak coin security.