Bitcoin Forum

Has anyone saw this on youtube already?
site is  boscoin.io - BOScoin is a cryptocurrency that utilizes the blockchain and numerous new technologies to solve persistent issues in decentralized systems.

https://www.youtube.com/watch?v=aLUivCe_7Cc

It's strange that they were able to collect an impressive amount during the presale.

I've met and spoke with the team and CEO in Seoul.  Although they are new to ICO's, the team is earnest and serious about their purpose.  They are aiming to both make this thing work and be a very long term fixture in both the Korean and Global cryptocurrency scene.  Between the application layer and mFBA stuff it seems pretty cool and I am getting more and more interested.  If you want to speak directly with the team on here, their main thread for info is here: https://bitcointalk.org/index.php?topic=1759662.0

Also their website: https://www.boscoin.io/

Aaaand the white paper: https://www.boscoin.io/wordpress/wp-content/themes/boscoin/src/pdf/boscoinwhitepaperv20170202.pdf

What is a scam ?

Seriously i want you guys to define it technically.
Does that mean to YOU ..that you won't get ROI'z or something ?

Yes. If they promise something the give back with interest and they didn't I think that should qualify a team a scam. But what my concern is who are they and have they developed something related to crypto before this boscoin before?

Its going to be something worth if they have already made a successful project before, if not. Its going to be something they are not capable too.

“The owlchain combines the feature of the reasoner and consensus protocol to handle the Trust Contract.”

This ^^^^ is pure snake oil (see “OWL Web Ontology Language Semantics and Abstract Syntax” (https://www.w3.org/TR/owl-semantics/)), irrespective of a definition of “scam” and the rest of the barely comprehensible ANN.

Savvy to the fact that a Bitcoin protocol blockchain is an acyclic directed graph and directly modellable in RDF? Looking for an OWL ontology for cryptocurrency? ... https://doacc.github.io/concepts/doacc-owl.html

Cheers

Graham

If they are a scam, they wouldn't care about the tech..
But I guess they are trying something new here

Here is their tech paper: https://docs.google.com/document/d/16Wm13pSvjb_izCB8QImMgHnt8VOlt0d5YSsPV6NDtaI/edit?usp=sharing (https://docs.google.com/document/d/16Wm13pSvjb_izCB8QImMgHnt8VOlt0d5YSsPV6NDtaI/edit?usp=sharing)

Wow. I have almost buy it. Thanks guys!

I will like answer to this question raised by Spoetnik. The term seems to be relative now in my opinion.
I think what is happening now in the space is over-valuation of most of these platforms, because it a project that has no platform yet can raise $3 million and still looking to come to the public for another funding without any product yet begs question.

You can ask our dev-team directly on the main BitcoinTalk thread
https://bitcointalk.org/index.php?topic=1759662.new#new

You can also check out our London/Berline Blockchain Meetup
https://www.youtube.com/watch?v=6sFvAhQfN_g&t=1679s

We have a full-team working behind BOScoin,
we're also supported by EY the global consulting firm
You can learn more about BOScoin on our website
https://boscoin.io

Thanks for the support. You can also read the BOScoin technical paper here
https://docs.google.com/document/d/16Wm13pSvjb_izCB8QImMgHnt8VOlt0d5YSsPV6NDtaI/edit?usp=sharing

BOScoin a scam? More like, "Will BOScoin replace Ethereum?"..