Quote from: Stratobitz on October 26, 2014, 04:32:12 PM

Quote from: GlowCoin on October 26, 2014, 01:32:13 PM

We like to make a final statement about what happend:

Regarding the GlowShop, we made a deal with a group of investors. To back us up for the first 2 months and get things going.

Friday night ~23:30 european time we recieved a message from these so called investors:

"We had our fun. It was never our intention to help you. We we're aiming for volume only. And fontaspumps is now by your side, so you dont need us anymore"

We will not name these investors. We dont trust them anymore, and are feeling threatened currently.

We never contacted a "pumpgroup" to give us volume. they contacted us. I am certain other coin developers can confirm this. This is the way they work.

I am also reading a lot of wrong information about our premine. We we're left with 31.500 GLOW in the end. We destroyed ~70K of it, wich can not be redeemed. Ever. Earlz helped us with this, like he did with many other coins. The rest was all paid to bountiehunters or our signature campaign.

We only bought ~5K glow on c-cex. Buying more meant scrapping another address in the top50 because of our psp. Which would not make any sense at all.

After this whole fiasco we decided to pull the plug. Unfortunately trustworthy business in cryptocurrency is faaaaar away from reality. You can thank all the pump and dumpers for that.

We really had a vision. And are currently looking to continue this vision in a "no need for investors" manner.

For what its worth at this moment. We are not scammers. Dumping a 31.5K glow premine for less then 1btc, after two months of wasted time is more then a loss. If we wanted to scam, we would already have dumped our premine at c-cex for 4K+ satoshi while we still had 120K+ glow. But we didnt.

To be continued

Quoting so it can't be un-deleted.

Not involved in Glow at all and don't know what the heck the truth is here, but my first impression looking at the chart is that if there was a scam here, they didn't make much by recent standards - less than 30BTC by my estimation. Possibly as little as 13BTC.

I don't know whether that's a reflection of the fact that these guys didn't scam or whether the market these days is so weak, even the scammers and pump and dumpers cant make much out of it. It's like trying to get water out of a rock. A lot of money has left. A lot of people, sick of scams and losses, just aren't trading anymore.