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RE: blogtoken issued more 5m token 😱😱

in #tokens4 years ago

It might be tomorrow that I'll post a blog about the transaction you noticed. My eye doctor appointment went longer than expected today. Definitely some selling off of BLOG by @blogtoken based on what's on the HE-Explorer but I need to study it further. @blogtoken placing a buy order of 70,000 BLOG when the account can issue the 70,000 BLOG for free seems odd. I don't think you've "lost" your 20 HIVE though.

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@blogtoken placing a buy order of 70,000 BLOG when the account can issue the 70,000 BLOG for free seems odd.

Maybe market manipulation


The problem is that he can issue more tokens at any time and dump on market.

I wrote a post about this issue. I don't think that a token account being able to issue tokens at any time is the problem. The way @blogtoken is doing it seems to be a problem. A tool can either be used or abused.