XRB rai blocks has massive issues which will never get resolved. The developers have been making promises to resolve these node/exchange issues for almost a year now. The latest promise is that "it will be resolved early next week" but anyone who isn't blind to the obvious facts can wager that it will definitely not get resolved.
This is the XRB cryptopia de-listing message, which also talks about these sync issues. This was almost a year back. The XRB shills want to pretend the cryptopia delisting was only due to death threats from third world captcha farmers, but the issues were simply because the coin has huge issues even back then.
The Cryptopia node simply kept crashing and for days the coins were not accessible. The wallet on cryptopia exchange site said frozen for several days, and suddenly one day they would enable deposits and withdrawals, but in a couple of hours it would go down again. This kept happening time and again... people sent their coins to cryptopia, but they never arrived in the wallets. Withdrawals, same story, disabled. They tried reaching Cryptopia support who in their capacity also tried to fix this issue and get the wallets running, but again it would go down in next to no time. Rise and repeat.
People were waiting for the withdrawals and deposits for weeks on end, and after a while even they got fed up with the lack of support. Then naturally, the blame game started and the accusations fell on Cryptopia. And ofcourse, some people reacted badly with death threats etc.. Cryptopia talks about of all these problems including death threats and network issues in their delisting message. It is not down only to "Death threats", but a chain of events culminating in the threats...
Now fast forward 8-9 months since then, and what do you have? All exchanges are still not working. Bit Grail owner publicly stated he is being insulted, called a scammer, and he was given the twitter abuse by the community too, when all he did was say the truth that there are HUGE issues which are outside both his and developers control... Merca tox is down for god knows how many days, there is constant reports that Mercatox has scammed, pursue legal action, etc. At this point, from abuse and legal threats, to death threats... it is not a giant leap.. especially when people believe they are losing money.
There is a major issue with the coin. It cannot be resolved in a suitable manner that will enable smooth functioning of exchanges. No exchange will be able to run seamlessly like they are supposed to, because of severe limitations of the network and nodes. When there is small 100k volume, this is not a problem, when the volume scales, this will always result in huge back log of support tickets, deposits not working, withdrawals not working, blame game, finally legal threats... the cycle goes on..
There was a full cycle of these threats with Cryptopia and now very close to the legal/death threat phase of Merca tox and Bit Grail. If you read the XRB subs/twitter, many are abusing the owners of Bit Grail, someone wanted to visit Bit Grail office. They want to "sue" Merca Tox
The "great" community.. even that can turn bad in no time, when money is involved.. You can never predict what people will do when they are waiting for several weeks for their coins.
Its almost preposterous to think it would be any other way, but heck, coin went on KuCoin and same outcome. Surprise surprise. Notice how it is always blamed on the "shitty" exchanges alone by XRB shills.
The same issues with Rai Exchange as well. Today Rai Exchange actually posted that "they have troubles integrating Litecoin" Source.. Hahaha ... If they can't integrate Litecoin, how the bloody hell will they integrate XRB the exchange killer?
It is obvious the whole episode this is nothing but an elaborate scheme played to pump the coin from #200 in CMC to #15...
Anyone thinking Binance the biggest exchange is gonna touch this toxic coin is out of his mind. It won the vote, but actually listing it is a different matter altogether. Adding such a crappy coin will harm Binance's reputation; especially after seeing KuCoin suffer. Even if they actually list it, and the same issues happens once again, it will be obvious to everyone that there is huge flaws in the system. The whitepaper and technology is great, but if implementation is impossible then there is no hope. The value will come tumbling down.
These issues were brought to the developers as early as March 2017. They cannot be fixed unless there are serious changes made to the concept of raiblocks. If there is no solution, all investors may be sitting on highly combustible vapour. You need to understand the history of this issue and for how long it has been happening, and can't simply brush it aside crucial issues unsolved for almost a year now as "third world death threats"... or exchange issues which "will be resolved".
If the developers were smart they will be on an island sipping their cocktails after the massive pump. No one has ever seen the lead developer, apart from his Linked In profile. He has never done any interview or even a video, outside of reddit AMAs. There is no reason to believe they have not pulled a Joost with their money (worth approx. $100m) after a successful hype driven pump campaign, instead of working on issues that cannot be resolved.
Right now the coin has little bit of value left, if you are smart with your investments, you will know what to do.. If you can actually deposit that into an exchange, that is...
If anyone tries informing their echo chamber subs about these issues, the posts get deleted faster than this coin's transaction times. Abuses get hurled along with the customary "Thxn, just bought more" Lol.. Those echo chambers actually believe this coin will "replace Bitcoin". They fail to realise that hundreds of coins have come and gone trying to replace bitcoin (each with a different tricky idea) while Bitcoin has not moved an inch from the top spot. This one and its toxic community of shills will learn a hard lesson not to buy every random reddit pumped coin especially when everyone else has done accumulating it.
Let's face it. Bitfinex will not provide an audit since they are or have been running a fractional reserve exchange. It is also very likely that a lot of other illegal activity is occurring on the exchange and other exchanges with large amounts of Tether in their wallets (Binance seems shady as well).
The community needs to shun this cancer from the ecosystem before it brings it all tumbling down. The major reputable exchanges, developers, mining pools, foundations etc needs to make a public statement with the explicit intent of shutting them down for good.
The report summary:
Author’s opinion - it is highly unlikely that Tether is growing through any organic business process, rather that they are printing in response to market conditions.
Tether printing moves the market appreciably; 48.8% of BTC’s price rise in the period studied occurred in the two-hour periods following the arrival of 91 different Tether grants to the Bitfinex wallet.
Bitfinex withdrawal/deposit statistics are unusual and would give rise to further scrutiny in a typical accounting environment.
If there is questionable activity, the author believes a 30-80% reduction in BTC price could be forecast.
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