Bitcoin Forum

I didn't wanted to waste my time to post on his "self moderated" thread so i am going to post my opinion here now.


First thing i would like to say that it's a clever scam.

Make a altcoin with some new function and then make a new thread saying it's gonna be next big thing.
After that you just need some 1000+ coins to grab peoples attention and tempt them to invest in that shitty coin.

That exodous address and whatever it is doesn't have any fucking value.

Author needs bitcoins because it's real money.

So simply he's asking you to send him bitcoins and in return he will give you a shitty coin,


I will advice administrator to ban this kind of scam here and it's against bitcoin.
It's like amazon guys advertising their site on ebay.


When satoshi made bitcoin he did not asked for  money to give bitcoins.

SO DON'T BE A FOOL. OPEN YOUR FUCKING EYES AND DON'T SEND A PENNY.

Harsh

But hard to take a guy who sells casino gambling seriously.

Totally agree with this assessment except you give him too much credit. He doesn't even have a program released so there are no "Mastercoins" even if you pay him. You get nothing but him saying "thanks!". He started posting that crap last night and I couldn't let it go uncontested. I spent the better part of the night reposting in his thread to make sure there was at least one dissenting voice. I've posted a thread about this issue as well (so he couldn't self moderate it away) and he came in there with his sock puppets saying he "disapproves of spiral_mind". I think he disapproves of anyone who points out the flaws with his "project". I'm sure he thought this was the most clever scam ever developed. However it's pretty transparently nothing more than this guy trying to trick idiots into hedging a "few coins they can afford to lose" into his wallet.

He's got 1300+ bitcoins in his stupid Exodus address bullshit now. I sincerely hope that's just him shuffling around ill gotten gains in an attempt to create the appearance of others buying in rather than real people losing so much money.

the creator will have more than 10 times more coins than the second most invested Mastercoiner. He controls the address to which people must send the funds to, so he had no problem sending ALL his coins their. This is clearly unfair, and frankly an abuse of power on the creators part. He says things like  " i hope i can produce this in time " or " I have three small children and my lovely wife who take priority over anything else. "  or " Someone else could do it better. " ... I love the core idea, but am becoming concerned about the developer's ability to execute, and i'm not sure i agree with the direction he has taken.


I believe i can do better!

stay tune for Abstract Coin 1.0.0!

 ;D

Why aim to raise so much money right out of the gate? If it really was a sound idea, you would think he'd have the support of important Bitcoin devs. He could just put together a modest business plan and aim to raise maybe $10,000 - $50,000 on a sort of Bitcoin angel investment round. A few months later if the code is coming along well and everyone says it's a good project, do a second and more open round. Why such a complex monetization/investment scheme?

Anyways, even if this thing fails miserably, I respect the guy immensely now. He's got balls like friggin' coconuts.

btw most Exodus coins come from one source: https://blockchain.info/tx/68c0677e3fc26286d2c83772f6e1f7b4b9e3072008995a884a8c1e943f4dbf99

You're now speaking as if you know the personal motivations of the creator. That's because you are the "project"'s creator (dacoinminister) posting under your sockpuppet AdamstgBit. This is the first time you haven't said something positive about your stupid mastercoin project in a response. You're trying to save your sockpuppets now, I understand. Glad we got you to give up your stupid fucking scam (I hope).

Dang it sockpuppet! What do I pay you for anyway?! :)

I'm just posting here to subscribe, and to point out that the coins that all came from the same source were my coins, as I said on my thread.

You don't pay sockpuppets, you run them yourself, as you well know.

You're posting here to subscribe to people verbally eviscerating your project without refuting them? You don't even have any defense for yourself and want to let these statements (such as how you're nothing but a dirty conman) stand then?

how does he have 2 hero sockpuppets?

Whether I'm a dirty conman can only be proven by executing on my project, so that will be my answer to accusations.


I didn't know until yesterday that I even had them

Haha.  Adam, I'm ready for Abstract Coin 1.0.  Will the balances transfer?

"hero status" is only determined by number of posts. He's got quite a few one line posts. Accounts are bought and sold all the time for pretty cheap.

Abstract Coin is just another imaginary coin like the one he created under the name "dacoinminister". "Mastercoin" is BS because it doesn't really even exist since there's no source code. He's asking for money now and giving nothing in return, not even a promise. He actually said he wants 1 million dollars in Bitcoins before he works on this project full time. He is either totally delusional or hoping people will not read beyond his sock-pupeteered and self moderated thread.

spiral_mind believes i am a dacoinminister sockpuppet, when clearly i am a real person, that often posts on speculation forum, created Abstract Coin, ower of thebitcoinreview.com, and started the bitcoin montreal meet-up, some people have meet me in real life! I am no socket puppet... spiral_mind's other sock puppet actuations are also hard to believe, these avatars have been around for a long time, and each appear to be a real person. He even called cbeast a sock puppet, come on! unless dacoinminister has multiple personality disorder i just don't buy this sock puppet stuff.

This is what altcoins are for, basically, no?

Yes but people don't post ALTCOIN Project development in BITCOIN Related Project Development forum.

https://bitcointalk.org/index.php?topic=265488.0



It has nothing to do with bitcoin project development.

Yes it does do you understand what his proposals about or what day of the week it is?

For those of you who are on the fence, you can now get some MasterCoins for free on my giveaway thread: https://bitcointalk.org/index.php?topic=272577.0

If you get them that way, the only risk is to your reputation.