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Showing 2 of 2 results by randomdude123
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Board Announcements (Altcoins)
Re: [ANN] [NEW BOUNTIES!] ★★ Rubycoin ★★ A precious gem for the digital age
by
randomdude123
on 18/01/2015, 00:05:15 UTC
For those of us that have been screwed out of our coins, kassado told me about 3-4 weeks ago in irc that he will be making a page/app to swap between the old coins and the new, and to keep an eye on this thread for details.

Let's see if he keeps his word.


I did some research into possible replacement options, but none of them are viable, so unfortunately it's not going to happen.


LOL, you have millions of coins (according to you, stated in the irc channel many months ago), but none of the options are "viable."... Mmm hmm. More like unwilling, and selfish. Users who've been screwed by you wouldn't be in this position if you had a longer exchange than 1 month, and a recourse for those that missed the very short window. That's extremely poor planning, and shows a lack of caring about your userbase. Many of the people who've been screwed were helping the coin since day 1. I chose to keep my ruby because I believed in the dev to do the right thing for the coin and its users.

In the channel I asked you about getting my coins back, and you offered to give me about 65% of their value back on the new block chain. Now it's not viable to help people out.

This should be a warning for any holders moving forward. If I still had my coins I'd GTFO after reading this crap.

edit: spelling / a word


Yeah, I'm fairly sure that during the blockchain swap RBY made a tons of coins for himself. There was no transparency with the swap. Nobody know how many coins are now owned by the "developer".

I lost 350k RBY in the swap, but at least the new chain isn't going anywhere, so it wasn't a huge loss.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ★★ Rubycoin ★★ A precious gem for the digital age
by
randomdude123
on 22/12/2014, 11:44:34 UTC
I lost ~300000 RBY (worth 2.6 BTC at the time of the swap) in the swap. And the most annoying thing is that it would have been 100% possible to:

  • Switch to POS without the blockchain reset.
  • or:
  • Reset the blockchain while keeping all the balances correct. Stop the old chain at some point (hardfork). Create a new chain with a premine equal to the number of RBY in old chain. Look at old chains unspent transactions, sum them up, and recreate them in the new chain.

Both of those would have allowed everyone to keep their coins. This blockchain reset is just very amateurish..

And also there is no way to know how fair and honest the swap was, bittrex and the developer (rby) might have agreed to create 10 million coins for themselves, while saying that those coins are going to be distributed to all the old holders. It's same as a relaunch, but with a possible hidden premine.