Re: [EQX] EquinoxCoin | POS | POD | EqxCloud MediaServices| Bittrex

All,

Just getting caught up on this thread. We have not heard from the developer and the funds were released yesterday at 09:48 PDT.

The funds were withdrawn @ 11:03 PDT to https://blockchain.info/address/1G13xzGN6zG4CpusBSEazNcjCBxWqHMMsn. The funds are no longer in our control.

richie@bittrex

I am really sorry to say this but after losing my btc on bittrex my trust on bittreex is not there any more. Sad

You were supposed to do your own research. Bittrex's terms were completed.

If an exchange is holding an ICO for a scammer..it's their fault. Once Fincen kicks in..it'll all be taken care of. Regulation is another thing that would help keep people away from scammers like these. I was never a big fan of regulation but that needs to be done on all exchanges.

Video chat/ID proof/ Residential address/ Previous history etc..all needs to be there for every single developer on each exchange.

This EQX dev must be running around in happiness but he doesn't realize that his 66 btc won't last for lifetime and once Fincen kicks in..he will have hard time making any money at all.

This whole Bitcoin/altcoin thing is an experiment.

Can decentralized, trustless and unregulated currencies work in our society? The answer so far is an emphatic no.

More and more people are asking for regulation. These people need to decide what they want. If you want regulation stop using crypto - go back to fiat. If you want an unregulated currency with anonymity and everything else that comes with it then either:

a) stop investing in shit
or
b) get used to losing your money

You can't have it both ways!

People need to stop investing in ICOs immediately and a big part of this problem will disappear instantly.

As long as ICO exists..people will keep investing in them..you can't stop them. ICO isn't to blame..there are many ICO that have done real well. Scams need to stop and there need to be consequences for people who scam investors with their shitcoins and then make fun of them. If there are consequences that'll keep these scammers away...whether it's fincen or exchange do something about it to make sure that scammers don't run away with money like this.

When this kind of thing happens in real world...scammer goes to jail. Only in crypto he'll be able to walk away without facing any charges.

I think it's the other way around. If people keep investing in ICOs then ICOs will always exist. If everyone stops investing in them they'll disappear.

There are plenty of devs out there who are legit and actually want to innovate crypto but don't get the chance because everyone keeps throwing all their BTC into these scams thinking they can double their money without lifting a finger.

It's all just greed...

There will always be more & more scam as long as there is no consequences for it. If it's not ICO it'll be something else. I think collecting information of Dev before adding their coin on your exchange would save everyone lot of hassle...you don't have to release it to investors but if a dev pulls a scam like this you can take proper steps to report him to proper authority and next time he won't return.

This EQX dev would come back...If ICO is here or not..doesn't really matter and next time it'll be bigger ponzi scheme