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    Author Topic: [ANN][TRUST] TRUSTplus [PoD5x2][BitTrex][Android][Shopify][Moderated]  (Read 122043 times)
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    Crestington
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    July 17, 2015, 02:16:26 AM
    Last edit: July 17, 2015, 02:36:24 AM by Crestington
     #781

    What was this I heard about some bot on the market and then about having a massive GPU farm during the launch and then having purchased these Coins on the market (which could be from yourself), there were threats made that anyone who withdrew Coins would be Blacklisted and lose their Coins. Does this mean that you have enough Stake on the network in order to blacklist anyones Coins at any time if they do not heed to your demands?

    It has not been an easy street.  Many of our organic supporters on BCT left because of all the bickering about Bots, Miners and Travis Mitchell's personal life.  

    Bots can be bought for profit trading, I have four on coins I believe have potential (ARCH, XMG, MINT, DMD) I use my mining farm to support TRUST, by the way its much bigger now. Each Bank of those miners costs $300 a month to run.  At that time I had four banks.  I invested in Solar Power to prevent that from ever happening again.

    I did mine Trust with 24 R9 280X for the sum of 50k TRUST.  I have not purchased TRUST, with the exception of buying and selling 1.4 BTC worth to pay Bittrex and contests.  Anything else would be a conflict of interest.

    We were able to establish which possible wallets mined massive amounts of TRUST and dumped hard.  I asked the community to let me know which addresses were theirs.  Many people emailed me and we  had a working list.  The hunt was successful and we were able to open a line of communication. If my intention was to scam, I would just run off with the pre-mine and not spend any electricity.  I have had to answer this question about a dozen times, only one person came up with this conspiracy theory, and its just plain false.

    There are six addresses that members reported their coins were stolen or scammed,  these addresses are black listed too me and have trackers on them in-case they try to wash the addresses and sell.  All I can do inform people after the transaction and try to get information to help the original owner.  I personally will not accept them.  

    If I was capable of unwinding coins, I still would not do it.  TRUST is not about policing like Card Services.  I would help collect information for both parties to help resolve the conflict.  Most of the time the offending party is anon or a ghost.  This is the largest coin I will not accept https://chainz.cryptoid.info/trust/address.dws?TCh6Xij6pcGz2gSfQHfvCbq5jWvqVbK9aN.htm

    It is completely possible to create a new chain, abandon the old one, and not honoring certain addresses.  MintPal is an example.  If we plan on doing that, we will make sure we have paper wallets available when someones cold wallet was forgotten about.  Sigs would be used to verify wallet ownership.

    There isn't a scam story here.  There is no future scam.  There are people working really hard finding investors to build confidence in TRUST.  There is only one person that cannot TRUST and he hopes everyone continues to be a slave to FIAT.

    Ok thanks for answering my questions. I don't think it's positive to Blacklist addresses because they are trading with bots because they would have had to buy or mine those Coins in the first place so they lose their investment and then you always lose that trust in the network. It may have solved the problem at the moment but you have a conflict of interest and would have been better not to blacklist the addresses and allow that trading to happen so you aren't losing future investment. What is to say that someone else won't have their addresses blacklisted because they are not trading in the way you want?

    I do think it's positive though that you've stuck around with it for so long and have some good stuff going, at the end of the day though the way you want to run it is up to you.
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