DigIt123
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February 23, 2018, 07:32:13 PM |
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After combing through as much of the past couple weeks of posting that I could I bring a couple perspectives to this discussion that I hope can create speculation on the supposed speculations.
And yes, this discussion obligated me to create an account on this site because observing all of this has me in shock yet at an understanding in the psychological responses occurring. So, please bare with me here...
Speculation 1 (and what appears to be the most prominent in recent posts) "ECA and a supposed direct involvement/connection with CM":
I've been seeing people wonder about the site dropping at the same time. As someone who has holdings in many different coins I can safely say that if the exchange i use to primarily trade my highest holding of coin were to go down, one of the first places I may look is that coin's website to see if they posted any news or updates regarding the exchange crash. If ECA was pumping a large amount to the point that the exchange crashed, it's safe to say a large user load that crashed CM would most certainly crash ECA's website from traffic visiting concurrently with the CM crash. (i.e. the ECA servers probably weren't able to handle that much traffic. Look at when it crashed during the WP release)
Those accusations seem clouded in what could be many things:
-False investigative reports to slander a coin for the sake of personal gains/wiping out a coin to better the stance of another coin
-Taking advantage of the hysteria by influencing people to jump on a wagon where it's easier to point blame than to be patient (propoganda 101. Look at the last US election and how political clickbait sites were rampant more than ever before, profiting off of emotions using completely false headlines that got shared via facebook and other social media)
-Similar other types of smear tactics used with other coins, FUDsters, nay-sayers, trolls, etc.
Let's also understand that (i believe someone said "youll be sorry when CM comes back online") many people will point the finger on the internet and once a resolve is reached they have the 50-50 chance of either being right or being wrong. And in any event they dont have to deal with the consequences of their statements because, well, it's the internet. So unless you're someone with a track record in a web community that now has to save face, new accounts (and yes, especially this one I'm posting with) should not be taken as seriously. When people start posting other people's info and/or DOXXing them, you are playing a very dangerous game with other people's lives, guilty or not. Never will anyone here be judge, jury, and executioner unless you're just some sociopath on the internet and lets be real, dont be a dick. That's like...the most dickish thing to do when it's not your job to do it.
Case and point: from what I've seen on this speculation, there are a lot of people working to recover everyone's funds, ECA included. While some may be reimbursing others for their losses, that's a giant expense that many established companies wouldnt even consider. Hell, some have even overlooked recalls until it got pushed to a class-action lawsuit in the US. (Look it up, that stuff is crazy)
Speculation 2 (and very much the most paranoid post) CM is a scam (definitely bare with me for this one):
So with this point being dropped more recently for what honestly seems like a witch hunt, it appears that people are overlooking a lot of informative posts that have been set aside for the previous speculation point I made (a supposed direct link between ECA and CM). The false address, the link to some old man that may or may not be able to help recover money, the "active" code that exists and the ability to contact a couple of the CM servers says to me that this may SEEM like a scam. However, let's also take a step back and look at all of the bloodletting that is occurring across crypto. Scams are rampant and it's very easy to point a finger saying "scam" just as it is to have one pointing back at you saying "FUD". If I've learned one thing about the human psyche during this entire birth and growth of crypto it is that there are a lot of people pointing fingers that also, somehow, have their hands over their ears saying "blah blah blah i cant hear you" similar to so many times in the history of mankind. (Let's take a second to remember who Hitler was and how people supported his cause based on "what he said and was going to do") Millions of deaths later... you do the math.
Sure, the symptoms for this to be a scam are very much real. It's just as much of a possibility at this point as it isnt one; 50-50 imho. However, have you gone on WebMD ever in your life and looked up the symptoms for a headache? Yup, it's gotta be a brain tumor. No, more often than not it's a headache and you're just being paranoid/self-diagnosing when you don't have the -professional training- to do so. There are people in the world whose job it is to find these answers and figure out what the hell is going on and what can be done. With crypto being where it is, right now, a lot of those people are new and getting flooded with absurd amounts of information to try and filter the scams/frauds/regulations/policies. It's a lot of data to process let alone links to connect. So for every "Joe Everyman" you see pointing a finger, be a skeptic. Not only to what they're saying is a scam but who they are as well. Remember: There's a skeptic in all of us (I'm looking at you person that mentioned x-files).
Speculation 3 "Not pulling coins from the exchange to a personal wallet isn't the individual investor's mistake":
Okay, this is a tough pill to swallow for people. I do wish that those who got into CM just before the crash my condolences. It may not have happened to me but I've had life kick me in the balls before just because of bad timing in the universe that I happened to be there for.
Yet, this is a major lesson that varies in value based on what you want to value it as. I don't care if Albert Einstein, himself, rose from the dead and said to me "You must keep your coins on the exchange!". I would pull it off as soon as I had the chance. That is crypto-investing 101. Don't care who said to not take it off, that's just the smart thing to do. For those saying that coinhouse was limiting transaction amounts and "oh they wouldnt let me take my coins", stop it. I traded with Coinhouse all around that time and sending to wallets worked fine for me.
To conclude, as a neutral party to CM (I've never had a CM account or even knew about it's existence until a month or so ago) this is getting very carried away. People, we all need to breath. I have friends with various coins on CM that are just as weary as all of you. However, raising pitchforks and torches wont solve anything when you're irresponsibly pointing fingers in every direction. This is the type of mindset that has not only gotten innocent people injured/killed in history but it has also started wars between countries. The CM team is, and I agree with this constantly stated point, not cut out for hosting/running an exchange site. I'm sure it's a bunch of kids that thought "Hey this could be a great way to make money! Look at all those other exchanges making bank off of transaction fees!" Anyone with even a decent understanding of making money knows that it's better to create a machine that can pay you eternally than to take a lump sum in a way that could, indefinitely, get you in serious trouble. It might be a scam, but I hope to christ that these people aren't that stupid.
Also, trying to strong arm people through text on the internet is a cop out of you not knowing what you're talking about. I can easily type a clean looking statement that looks official by filling it with technical jargon. You know, it's what people did before they "photoshopped" images. It's called lying. So to those of you that post credible sources and information that show what direction things are going in, thank you. You rock! To the others that are running around on all fours, hitting shit with a stick and thinking you're big for it, just stop. You're guna hurt yourself. To everyone else: stay skeptical. This -is- the new wild west. Shit is getting crazy and not everyone is cut out for it. Look at when businesses start out in the US: The government actually WARNS you that the failure rate of new businesses is 95% but they still let you try. Shit is relative.
Patience is very much a virtue but it comes at a great cost. I wish you all well and I really hope that this issue ends with everyone getting most of, if not all, of their investments back with no blood being spilled in the process.
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