are you stupid?

he gave a community update here this morning. but not really answering questions but posting something one way.

yep, totally right.

besides that, checkout the picture below. i took it 3 weeks ago from their website, claiming that they have sold 51.000.000 tokens, but according to coinmarket cap it only has a total of 20.000.000.

can someone explain that to me? not sure whether the whole miner thing is something i can believe, looks like someone dumped on the exchange buyers and now not refunding their losses through the coin drop.

https://www.pic-upload.de/view-34244342/Capture.jpg.html

Look
This is wrong. According to coinmarketcap BTBc has a total supply of 20 Million. According to Yakov 5% of the tokens (which is 1 million) left the platform. Look at the size of the sellbook, his numbers are inaccurate. And these numbers WHERE inaccurate the whole time, the sellbook was never smaller. Neither was it only 5% but more, nor did the miners mine a whole million in these couple of days.  There are people left behind here and we are talking about figures that are not true. And you know it. This is not Yobits fault, there was more going on in the background.

At the end of the day, the CIRCULATING SUPPLY should stay the same. If some people where able to sell all their BTBc on the exchange (which I am sure of), these people should not get the additional coins. IN the same run, other people have to fill the same amount of coins that were sold to keep the CIRCULATING SUPPLY the same, and this requires a 1:1 swap.

Either way, your efforts for this community will not be affected by such a swap if you understand the MATH behind it.

Example:

People spend $1000 in ICO at 1$ and get 1000 Token/Coins.

People went to Coinexchange and spent these 1000 Tokens to receive 6000 Dollars.

Now these people who spent them receive new tokens worth $1000 Dollars PLUS they have 6000 Dollars in their pocket because they sold their BTBc.

Is this fair to you?

If you consider it unfair, go to Coinexchange now, buy a shitload of BTBc and be one of those who take the risk that these BTBc remain worthless. This is the price of the game. HIGH RISK, HIGH REWARD. You seem to be a LOW RISK guy, so you deserve LOW REWARD.

A guys, for those of you who missed it, checkout the screenshot that he posted to proof that he tried to contact the Yobit admins. He also left a comment in the Trollbox on the right.

https://screenshots.firefox.com/wX7U2VA6GeD8fhAo/yobit.net

To quote him:

"Yobit you mother fuckers steal my source code and 0.5 BTC was it you mined and started dumping BTBc on coinexchange. I accidentally sent the full source with 0.5 BTC not a single reply. Nice one for destroying BTBc. You destroyed my reputation i will destroy yours soon"

Dear Yakov, there is a saying. Always treat others how you want to be treated in return!

- You destroyed your reputation by yourself, because you left the community in the dark, the same way Yobit didnt reply to YOU!
- You have sent them 0.5 BTC and they ran away with the money, the same way YOU are not offering a propper compensation for those who invested on coinexchange for a higher price
- You tell them they are mother fuckers, and in the same run you are handling a multi million dollar ICO with the aim of wanting the community respect you

Please come up with something propper, I dont see a difference in you and Yobit right now. Please come up with something fair to proof that you are better.  

At the end of the day his constant mistakes and decisions without aligning with his community burned everyone in this ICO, because he has lost the trust not only from the exchange traders, but also the ICO participants. However, if he wants to fix it he has to come up with a fair solution.

Its not the users responsibility in the first place that those kind of measures are even necessary after messing up the product launch so hard. Not only did technical flaws occur (which can happen in ICOs), he also made random decisions and rare community updates, which is under his full control. Have you ever thought that these 5% of investors who were able to leave the platform to sell on coinexchange are getting their platform coins refunded by Yakov? He said he is going to do a rollback from all the funds. This is a mistake.

Think about it. If those people who sold their tokens from the ICO (which is 5%) are replaced by the people who bought these tokens from coinexchange, the total amount of tokens remains the same. So ICO investors are not even affected, because the total supply remains the same.

The way he is planning to do things is, he is giving the luckers who sold their tokens from the ICO right away even additional tokens in their wallets and he is burning those who actually bought these BTBc tokens from these luckers.

Sounds fair to me. Not.

I dont understand the logic behind this approximate 10% rule of you, Yakov. Are you able to think things through please, before you make random announcements in the channel?

# You are about to burn all the investors who tried to stop the price from falling on exchange.io

Just checkout the price history, there were people even buying at 1-5 dollars.

So you gonna tell them right now that they bought BTBc tokens for 4 dollars and they will be able to exchange only 10% of it to a token that will assumingly priced at 50 cents in average?

I recommend to you to think this through carefully. The same goes for all the other "ICO investors" who agree with him.

The BTBc price tanked hard and many people got out with a heavy loss. Their places were filled by people who took the risk of entering early in a coin that is said to be a SCAM project.

People could enter on coinexchange now and get the coins cheap, yesm but they also take the risk that you Yakov, a little bit like Julius Caesar Admin, come up with a random thumb up or down regulation for these token holders. If the coins that left the exchange are only 5%, its no big deal to offer them a coin swap for a more fair price. At least 50% of what they have paid looks like a compromise for the investors as well as for those who bought the tokens on the exchange for a high price.

This is the fucking market, so be fair and stop this constant experimental rule changes.

This is the 1000 dollar question. Are exchange users who bought the coins gonna be fucked or will there just be a coin swap on the website?

If you are asking me, the best option would be to offer a SWAP. So all the investors can take their BTBc coins, independently whether they are on the platform, wallet or exchange, and convert them into the respective new currency.

The only question that remains is what he is gonna achieve with this swap. He can adjust miner difficulty at any time in order to stop the exploitation. Except he has discovered a security flaw in his blockchain (so he is hard forking).

Just to get this straight.

According to the announcement on www.bitbase.io this guy is creating a totally new website, the old coin will be abandoned and all the investors that contributed in the ICO will receive an equal amount of new tokens in their wallets? This is opening up some questions.

#1: According to Coinmarket Cap, BTBc coins valued with more than 11.000.000 USD have changed their owner since launch on coinexchange.io - this is almost 1500 BTC.

How does this solution compensate all the investors who set up the buywalls for the tanking price?

#2: I have heard of investors who were able to withdraw money from the Bitbase platform to sell it on coinexchange.io

So these kind of lucky fellas will have booked their profits and will still receive the new coins?

#3: In his announcement he is stating that there will be a Pre-ICO to "buy some time" - in the same run he says no new tokens are gonna be sold.

Should this be a sort of coin swap on the website for all the tokens that are already in circulation on the exchanges and wallets, but not an ICO (for BTC/ETH) in the traditional sense?

I was following this chat and the whole project for quite some time now. Not only that he is constantly having typos in his announcement, but he also releases information that has so many inconsistencies that his attempt to address the public causes more confusion than clarity. If anyone knows something, just post it please.

This guy is sitting in a giant shithole and whatever will be his next steps, there will be more blood on the streets.