I think I said exactly something like this was a major possibility-- Been around long enough to see this before. Dev sabotages his own coin, creates panic, even dumps a large supply of coin just create hysteria, then, 1 day later - everythings cool - we are working it out.
The whole plan was to simply buy up cheap coins.
Anyways... Move on folks. Its this type of behavior that makes me trade less and less, and keep my holdings in BTC.
In my opinion Bittrex should delist coins that resort to this type of behavior. I will be contacting Richie about this and pointing him to this thread.
Strato
Buy up cheap coins?? Why in the world would we do that?
everythings cool?? are you lost in reality here? We are not buying up anything. Even if we come up with a new plan, the coin will not leave its " blackhole " for a long time. Maybe never.
Is this our fault? Yes it is. We we're trusting the wrong people. Funny how people act as your friend here, and later on stab you in the back when they filled their pockets.
Selling the premine to cause a dump? The dump already started before we even moved the premine. It happend when we got the message of these bailing investors, they probably started it all. Look back a few pages, and see the post of a newbie account stating he knows everything about how we were working. Altough he is incorrect in many ways, is it coincedence that he posted after we got the message? We think not.
We sold the premine at ~3000 satoshi saturday morning around 04:00, we cashed ~0.9 btc on bittrex.
If we we're "scamming" you we would have bailed after the first pump on c-cex with still 120K glow in our bag.
We will not reply to any of these matters again. It wil lead us into an endless discussion.
The reason why we pulled the plug so suddenly is that we dont want to act like everything is oke. If we did not do this, we feared even more people were losing money.
We screwed up, we we're tricked. And we are very sorry things turned out this way.
Creating a new coin is out of the question. This was our maiden coin, and it will be the only one ever. We are not scammers, we were fooled by greatness.
Goodbye for now,
GlowCoin dev team