Bitcoin Forum

A WARNING TO ALL CRYPTOCOIN OWNERS

Boxman90 messaged me yesterday saying he would destroy my coin unless I pay him PWC (Ironic I know). Obviously I refused as this IS illegal, so he has gone on a bias hate campaign (butthurt?) only against PowerCoin (failing to mention nearly EVERY coin has had some level of premine/ instamine)

The relatively small amount which was premined went into development of the coin, website, wiki, bounties etc. Any person with common sense knows, labour is NOT free. I assume this is why there is such a big problem with premines and instamines is because I quickly discovered the costs of a new coin. Costs had to be covered. Compared to the total number of coins, this is nothing!


If you have any information on this individual or are a victim of his extortion/ attempted fraud. Please message me IMMEDIATELY!

https://i.imgur.com/kdQSoar.png

To be a criminal you actually need to perform a crime. He did not perform one if I'm reading your post correctly.

Youre just mad that your crapcoin has been uncovered

Whoever, under a threat of informing, or as a consideration for not informing ... 
demands or receives any money or other valuable thing, shall be fined ... 
or imprisoned not more than one year, or both. 18 USC paragraph 873 - 

It was pretty common knowledge that this coin was premined. I don't know if this can be considered a crime, two butthurt people on an internet forum whining, but boxman90 is still acting like an ass.

In your situation, you should have just paid him. Now you have disclosed the premine of your own coin....  :o

That we know of. I am looking for others to come forward. He ATTEMPTED to extort me but failed.

The community need to know about this individual. I am asking for anyone with further information to contact me immediately.

Just hire a lawyer and pay him in powercoins lol.... :D :D :D

As stated, I will not be a victim of extortion and it was necessary for costs. At least I am tackling this head on unlike other cyptocoin owners who shy away. 

Actually, since your coin flopped, and is worthless, how can it be extortion? He demanded PWC...PWC is worth nothing...He demanded nothing...

My father is a lawyer :D

This is why no one trusts a coin from a jr member

Do you not read the forums? It has real value and is being traded as we speak.

I see a bunch of unanswered requests to sell it, and a spreadsheet with 8 sellers, and 0 buyers ::)

US law doesn't apply to the whole world btw..

And we've already determined PWC does not count as a valuable thing. It's worthless 1's and 0's...A waste of code

All countries have similar laws about extortion, AFAIK. The word OP used - "criminal" - is therefore adequate.

Since these forums are anonymous, and the admins can't give out personal information, even if they wanted to, good luck ::) Although I guess boxman90 could be his real name

Some people know so much in this thread and are so smart ... while in other threads they admit they don't know anything about computers and they "don't even know how to compile" ...  :D

reserved

I'll tell you what I'll do for you. Send me all your PWC, and once I recieve it, I'll delete my wallet

 :D

YOLO

And? I have 4 in my family. Your coin is junk along with your accusations. If you even have the balls to pursue legal recourse, my family would happily represent Boxman90 free of charge.

Good luck.

Wait I thought the OP stated his coin wasn't pre mined in the original announcement. So was he lying ?

Welcome to alt cryptos.

Kids. They think they're so cool

I thought this was gonna be on bte-r?  I feel violates, and I feel even worse for bumping this thread because I have some PWC to sell.  PSt if your willing to buy :}

violated, my english sucks, sorry

This thread is funny as hell, I hope it's true.

lol, boxman is a joke

Both boxman and the OP are a joke for not being upfront.

Apparently he feels if the attention is shifted towards boxman90 it will divert attention.

Boxman actually was upfront https://bitcointalk.org/index.php?topic=204506.0

pls go

NWO no need to blame Boxman90, even what he said is true, it is 1200 blocks only. I am still mining PWC. When CNC launched, 2000+ blocks premined, so what? CNC still goes to btw-e.com in 6 days. lol, 1200 blocks sounds like nothing to me. Now about 13000 blocks mined.  ;D

The big picture still doesn't make sense to you, does it?

Can't teach an old dog new tricks.

Destroying a coin isn't a crime. If that was the case, Luke-Jr would be getting fucked in the ass we speak. Also, making a thread like this isn't gonna make anyone save you. You just ruined your coin.

Are you retarded? PWC isn't even considered money by any government. Enough with this nonsense.

@NWO

Send me 1,000,000 PWC now or I'll tell everyone what an twat your making yourself look.

Oh no, I'm gonna get sued now as well for extortion.

LOL  :D

This forum.. is getting.. AWESOMER BY THE SECOND! Please, more JR members!!

I am not sure which jurisdiction the people involved in this saga are living in. In general, my understanding is that there is one and only one legal threat: "If you do not pay, I will sue you."

If the lawsuit is unrelated, it can still be considered "abuse of process," but other than that, it is a perfectly legitimate tool to coerce people into compliance with the law.

Threatening to publish something about someone or someone's work if the person refuses to pay (or do something) does strike me as a form extortion. At least it would likely be viewed as such under the Criminal Code of Canada (s. 346).

Now as for the coin itself, if it was pre-mined, and the creator represented to the public to the contrary, then the creator may also be committing some sort of fraud.

But two wrongs do not make a right: If Boxman90 had a reason to believe that NWO was involved in wrongdoing, then he had every right to publish it, because arguably it was in the public interest. But he did not have the right to use it to demand payment from NWO.

It works better if you don't summarize...



So, the only way Boxman90 could have committed a crime would be if NWO committed a crime. Pre-mining a digital currency isn't a crime, so this does not apply.

Exactly. Let the haters rot and miss out on PowerCoin's success.

Just out of curiosity NWO, why do you believe PowerCoin will be successful when most of the newly released altcoins have failed?   Not trolling, just looking for the dev's input.  

Are you so delusional to call PWC a success? Biggest failcoin to have happened. Sorry  :-*

What makes your copy/paste coin any better than all the other failed litecoin forks? There needs to be a reason for it to be adopted other than a get rich quick mentality of being an early adopter. That's truly the only reason why people would mine a new coin right now. Look at FTC/CNC, when the get rich quick attitude wore off, it's value (or lack there of) was brought to light. The problem with a get rich quick copy/paste coin is that the early adopters need a way to keep it going to remain profitable. When mining difficulty rises and the profitability falls to what LTC or BTC are, there isn't a reason to continue mining. Why mine an unproven coin at the same dollar per day rate as something that has proven sustained value? That is when a copy and paste coin dies. Your coin didn't even make it that far because we've seen this before and don't want to try it again. Stop trying, give up, be quiet.

The only success there will be is the success of making a few dollar bills to pay for your next lunch, dipshit. There's a reason why the genesis block did not hold a regular amount of coins. Not only are you a pussy for making this thread, you are retarded for thinking that anyone would back you up. Grow up.


You're delusional for promoting YAK coins. Go clean up their shit, and continue on with your poor ass life.

This!

1. Pre-mining, in and on its own is not. Representing to people that it was not pre-mined and causing financial losses or disadvantages is a crime, possibly a fraud.

2. Extortion, whatever form it takes, is a crime. For example, one can threaten to publish embarrassing photos about a person  if the person does not pay. It is clearly extortion and it is clearly a crime.

This. Except NWO never promised there would be 0 premine. He always said there would be a very small premine to pay the programmer and to give some for free (bounties and giveaway). I thought that was pretty upfront and honest. I don't see the big problem, 50k coins is a drop in the Ocean compared to all the other premines (including the Litecoin one - some were GPU mining it from the get go ...) -

Extortion though, is a crime and is illegal and immoral. The only bad person here is Boxman90 who wanted to extort for 25.000 Powercoins.

He tried to extort you? What, monopoly money? Go and explain to a judge what PWC is.

Your very PWC is another scam coin worth nothing. Good luck with your "project", made only with a quick buck in mind.

Hello troll.

PWC is being traded in another thread at this very moment. Yes, people are buying and selling it.

Judges are (unlike some people in this thread ...) intelligent people. If you tell them you're talking about valuable digital assets, they will understand.

Yeah, PWC is super valuable.

Post quoted for future bump (when PWC will be worth 0).

I never said it's super valuable.
It's selling for 4 LTC / 1000 PWC right now, I believe.
You may agree or disagree with that valuation, your opinion is irrelevant though.
If there's demand, it's valuable.
Or should we instead get our valuation from you?
There's no "intrinsic" value of things, it's all supply/demand.
Welcome to the free market.

OT: How is extortion a crime?

"Pay me $1000 or I'll release these pictures of you and a goat" -> You're the jerk who did wacky things with the goat. If it were me, I'd gladly pay $1000 to keep it quiet. In fact, if I did something shameful (assume legal) and someone had pictures of it, I may approach that person and offer money for his silence. I want to keep his interests with mine.

Don't get me wrong "Pay me $1000 or I'll cut your wife's thumb off" -> Illegal, as it involves violence. But the former case is a simple transaction benefiting both parties.

Extortion is illegal regardless of what you think about it. If you think extortion is OK, that's your own perspective, but it's not how our society functions.

shut up


and you too

"Shut up!" - what a great contribution to the discussion.
You have a bright future in this forum community.  :D

I did not accuse NWO of anything. All I said is that if NWO pre-mined and denying having done so to the public, then it would be a crime.

Very immoral, I think boxman has many other accounts here continually posting negative things against powercoin. If you don't like it just leave it alone.

What the actual fuck. Are you sure you're not just upset you were too late for me handing out my 6K PWC for free (https://bitcointalk.org/index.php?topic=206589.0)?

Also I would like to note that publically announcing I'm a criminal (with the obvious purpose of hurting my reputation), like with this topic, when I'm not convicted for anything is slander which is just as illegal as the alledged extortion.

I explained my reasons, which was for him to admit the premine himself, and showing willingness to cover it up - as he publically kept saying there was no premine. Although the reasoning behind it was just in my eyes, I admit it was indeed a bridge too far and I should not have done so. .

I have not a single regret for uncovering the premine. I am not convicted for anything and I'm not a criminal.

*Takes JiffyPop off stove*

So he blackmailed you over your coverup? all silliness.