Bitcoin Forum

---- Ali13196----
1) Arcblock claims to have partnerships with big companies like IBM and SAP - meanwhile there is no evidence of this anywhere to be found; the community admins on their telegram refuse to answer the question that is continuously asked of them: 'Arcblock claims to have partnership with IBM and SAP but there is no reference to these partnerships or any other on the net, please clarify.'
2) Arcblock has no code on Github
3) Lack of technical development roadmanp
4) Whitepaper keeps telling you to refer to something else which is non-existent
5) how will they prevent SIBIL attacks if the devs pay the “gas fee”?
6) No mention of a lockup period for their coins.
They want $40mill for a project that has 0 foundations
Justin Tomboulian - is not the Microsoft CIO of Japan; if he were ever, his career there ended in 2013.
The team all have a track record for starting businesses that do not go far; this is not necessarily a bad thing - but are they just jumping on the bandwagon?
---------The user "bustitout" poses some questions---------------
- On LinkedIn, ArcBlock includes a total of 4 people but they say they have a team of experts. Robert Mao, CEO stated that it is their strategy to keep their minds from being distracted by social media so they can focus on the project.
- They listed IBM and SAP (among others) as partners. We all know the value relationships with IBM are: XLM (Stellar - by Elon Musk). I also asked them about this. They claim that they are "IBM Business Partners" and "Blockchain's Coinnovation Partners with SAP". From what I gather, an "IBM Business Partner" to them, simply IBM customers.
----------
Here is a user named "mave99a" who claims to be the founder of Arcblock to answer questions raised as follows:
- ArcBlock is NOT an open source project, nor is it developed by volunteers, we build it with the commercial software development process that I have many years of experience.
- Our platform is a pretty big challenge: we do not build a new blockchain, instead we are building a new computing platform for developing blockchain applications. (So ​​block chain 3.0 is simply an old chain block application?)
- Almost all the members and mentors have a relationship with me. For example Flavien is my friend in Microsoft Europe. Justin is a Microsoft co-author and co-author of one of Bill Gate's best-selling Think ...
----------
+ The user named "playaz3" questioned:
- Can you explain why admins / mods in your group use fake images from instagram and avoid any questions about the above issues?
+ The user named "UpBoatDownBoy" asked the question:
- Hey, can you answer the business partner question?
- The user "mave99a" (founder of the Arcblock project) replied:
We have just become a member of IBM PartnerWorld, and as in the White Paper, we plan to support IBM Cloud (Bluemix) in the future. We have also become part of the SAP co-owner blockchain program.
- User "nfuckinsane":
Do you have documentation to prove this?
- The user "mave99a" (founder of the Arcblock project) replied:
Yes, however we will not release it. The agreement between us and our NDA partners. We can jointly clarify here, but we will not post those materials here.
- User "Ali13196":
Partnerships have no meaning at all - anyone can get involved in this kind of partnership!
----------
+ User "UpBoatDownBoy":
Does this mean that it's not a collaboration in the traditional sense, like between IBM and Facebook, that Arcblock is simply an IBM customer?
+ The user "mave99a" (founder of Arcblock project) replied:
- As a person with many years of experience in large companies, I know the establishment of partnerships with large corporations is not difficult as many people think.
However, we are still too young to establish a strategic partnership like facebook at this stage, but we will try to achieve it after we become bigger.
+ User "Ali13196":
- So you want to make money first, then find partners?
(Question too !!!)

The point you give is quite reasonable but not all are correct. Please refer to the other views of the blog: https://arcblockscam.blogspot.com/

That's a lot of redflags

I'm wearing the ArcBlock signature so as you can imagine I'm not too happy to read those red flags concerning ArcBlock. It's true the admins on Telegram are using fake names and profiles. On one hand this is crypto and we should be accustomed to anonymity (who is Satoshi Nakamoto?) on the other hand we didn't have to pay Satoshi Nakamoto to receive Bitcoin in an ICO, but ArcBlock are trying to convince people to invest millions. Hiding behind photos from professional models isn't a great way to earn trust.I hope most of the red flags can be removed soon. :-X

 No FUD here mate, I've done my research and it's a fucking exit scam built by some crappy scammers and maintained by Indonesian and viet shills

Any merit to this?

Hi All, I found this on my crypto facebook group post if that helps.


Arcblock CEO : Hi, ArcBlock founder and CEO here. Sorry for my English and typo, 🙂 I am answering from mobile phone without proof reading help since I think it's important to clarify those asap.

First of all, thanks for all those questions, this actually helped us to understand better what need to be clarified. We, as a group of software nerds , are far better on dealing with computer science problems than writing a great white paper to cover every part of a complex system. 🙂

We are building our partnership with corporates and organizations progressively, and what appears on our website are just a beginning. There are all kind of partnerships we are trying to establish, but the most important one is you -- our future developer who considering to build apps on our platform.

ArcBlock is NOT an open source project, and nor is it developed by volunteers, we build it with commercial software development process which I have many years experiences. We will open source Open Chain Access Protocol and its reference implementation code once we reach RC (Release Candidate) milestone. We might consider open source more components in the future. ArcBlock is essentially like a Amazon AWS but for blockchains, you won't find any core AWS source code anywhere from the github, but Amazon release code samples, some frameworks, APIs etc. in open source license to help developers understand the system better. This is common practice in the industry, and we choose to do it in a similar way. We do have a simple version of roadmap and long term plan posted on the website, and we use Scrum process for our development, it's an agile software development process which means we embrace changes rather than have a fixed plan. We have started to build this platform almost 12 months before we start to write the white paper and we have decided to keep our team away from the distraction... it's a nightmare to have recruiters email and call your team all the time. We are actively hiring and we strictly need everyone keep silence on what we are working on. Hope the community will understand we will keep this in stealth mode even in the future.

Our platform is a pretty challenging one: we are not building a new blockchain, instead we are building a new computing platform for developing blockchain apps. Our white paper is far from comprehensive to cover every details of the system, it's just a high level overview of our design and how it will work. If you find there are anything in the paper that are not accurate or need clarify, please feel free to let us know and we will try our best to improve it. SIBIL attack is unlikely our major concerns since our system use a very different approach, the end users will not be able to broadcast transactions like they can do with Etherem or Bitcoin. As I mentioned, ArcBlock is not building a new blockchain, it's an application platform that works with existing blockchain technologies and we focus on provide a computing platform to deploy apps. There are many security problems we will have to face in the future, and the white paper didn't address this part.

Our team's incentive plan and locking period are yet to be finalized, since it's also a new concept for us to move away from Restricted Stock and Stock Option Plan to a token based incentive system. I think we will adopt some restrictions that will be similar to typical Stock Options/Restricted Stock: 48 months vesting period and 12 months cliff. We didn't announce this yet since it's some legal paper works in progress, we treat this seriously.

Our team and advisors all have proven track records, yes, there are success and failure in the past for all of us, who doesn't? Almost all my key team members and advisors have years relationship with me. e.g. Flavien was my peer back in Microsoft Europe. Justin was my Microsoft colleague and my co-author for one of the best Bill Gate's Think Week Paper, ... Long last relationship is the key to success, esp. for the challenging project like this.

ArcBlock Review - World’s first blockchain for building and developing decentralized applications
prabod (25) в blockchain •  8 днeй нaзaд


 People in today’s world tend to use Blockchain technology for a variety of Purposes. The obvious benefits linked with Blockchain technology have contributed a lot towards all these uses. You can even find a Blockchain, which has specifically been designed for creating decentralized applications. The first of its kind blockchain is introduced by ArcBlock.

 What exactly is ArcBlock?

 ArcBlock can be simply be defined as a platform, which has the ability to give life to decentralized blockchain applications. However, it doesn’t just offer the foundational components needed for the blockchain applications. In addition, ArcBlock has got the ability to power up complex business rules as well. It has the ability to get connected with the existing blockchain networks, which can automate most of the business processes.

 The primary objective of ArcBlock is to eliminate all the barriers that have slowed down the adoption of Blockchain technology among public. In addition, ArcBlock focuses on giving life to unique approaches, which can create an impact on the advanced concepts of Blockchain development.

Always makes me cringe when I see some unknown group of people announcing partnerships with multi million/trillion dollar companies who would never be interested in them.  

I always thought ArcBlock was a good project, maybe it would be the block chain 3.0. I want to invest in it.
But after seeing your post, maybe I should re-examine the ICO project, it seems that there are many problems with this ICO project.
Thank you for sharing information about ArcBlock. ;D

same goes for most icos ... 90% are full of shit.

Look for real projects with real proven devs that have the correct skill set to launch a crypto project.

bitbay
blocknet
byteball
pivx
komodo

seeking new icos to make you huge returns will cause you to do far worse than finding real projects that are way below comparable market value

I don't know how to decide that but from what I see and read arcblock is going to have a good time at least while listing

I just noticed this project several hours ago and it seemed very interesting.
Thanks for your post. I will certainly do more research into it.
I'd rather miss an opportunity to get scammed.

But the arcblock project, telegram has 36,000 people, which is a huge number.
But your post makes me wonder if this is an ICO project worth investing in, and if this is true, the project could be fraudulent.

I agree with you, the arcblock project is a promising project, many people can join in the ICO and what they want to do is making panic and buy cheap coins in my opinion.

A good ICO is always attacked by some who want to drop it.
Well they scamer always say anything about a project without proof.
We recommend that information about a project should be asked to the team and responsible.

Hater gonna hate!
While ArcBlock is getting their fist successful with a big community - more than 50000 participants now, and https://etherdelta.com/ also claim their cooperation with ArcBlock. Can you answer me how a scam project can do that? ArcBlock is not scam, ArcBlock is a greatful project.
Seem that you miss the ArcBlock Bounty, or for any reasons you can't join ArcBlock ICO so you create this theard. It's so bad.

The partnership with etherdelta doesn't prove anything due to current uncertainty in the new ED founders as well. Do you know about selling of etherdelta to chinese founders which immidiately started ICO and mentioned as a CTO the previous founder of ED?

I only know about the fact that the redflag can't be avoided because there will be another people will try to find the fault that has been made by developer itself. It's still a speculation because ico hasn't been running.
My guess we will see what will be happening after the crowdsale will have ended soon. But community looks very big imo.

Well i just started with thier bounty ... earlier i was looking into the ICO and did some research and found some alarming posts on reddit and bitcointalk... But all things aside why some youtubers like supoman are promoting this??? 

here is what I found. Looks like most of the cooperations they claimed already having are still to be established.
http://boards.4chan.org/biz/thread/6337604/arcblock-ico-is-a-scam

I am pretty sure that ICO will go well and you can make profit selling tokens afterwards, but I am concerned their team is capable of doing what they are going to achieve.

Oh my God. I considered this project for investment. But my country is not on the list of authorized participants. And I'm very surprised to read this post. Thank you very much for writing this. 40 million they want to collect. And there are already a lot of markers talking about deception. It's just amazing.

However, if you send an official request to IBM. This will be direct evidence. Thanks again for the info.

I was going to take part on the ICO but now it seems to risky, thanks for doing this research

You will regret and claim yourself if you don't join ArcBlock. Its really a good project with great team and big community.

actually I really want to follow the project but I feel I'm too late to join!

Yes, I also read in Telegram when asked some questions, hence there are certain thoughts.
It's good that you wrote this topic. While I will only observe

Arcblock has been pretty spammy recently and from only a couple accounts they say the same thing.

Also vested funds not locked by a smart contract? Ico not done by smart contract?

The red flags are too many. This kind of ICO has a high probability to become scam. I don't wanna deal with this kind of ICO where simple question cannot be answer straight.

ArcBlock seems to be a very ambitious project. So my question is why there are only 4 team member?
Founder, scientist, marketing, legal counsel. That's all? I really doubt if such an monster can be developed by one or two person...

Yesterday, I was kicked from the telegram group, by admin named Edna, for asking technical questions about token distribution and ICO phase. She could not answer my questions. And when i squueze her with harder questions, she banned me  ;D

I just want to warn people seriously for this project, there are lots of red flags and this meaningless ban.. !!

I will not invest in this project and good luck to whom are investing!

I also send message to Suppoman about the situation I experinced, and kindly requested if he would talk about it todays video.

Wow. Not a best way to establish a connection with potential investors. I been in many groups already -Telcoin, Trade IO, MedicalChain and etc and all admins were very helpful answering questions.
Can you please share the questions you were asking so I could try replicating the ban?

From the start I've been kinda worried about Arcblocks.
Many people talk good about it, yet they have no product and are selling Erc-20 tokens.
They're supposed to be blockchain 3.0, but right now you will get tokens, which you must trade against the real product later..
when it's ready.. after the ICO.. of which they receive a lot of money..

I'm not spreading FUD, I'm just trying to give insights.
I think it's safer to invest in ICO's that either have an actual product ready.
Or have a very good plan, exposure and most importantly, a great team with experience.

Classic, Newbie accounts spread bad news about a project and after the ico process is complete, the coin pumps. reminds me of centra. ;) :P

I am from Seattle and an active participant in Seattle tech startups community. Arcblock CEO was previously working on a mobile app startup PixoMobile, one of their products is an iphone photo edit app similar to instagram. From his linkedin, he was working on his PixoMobile app until mid or late 2017, and his expertise is full stack, launching cloud service as well as mobile app UI development, but very little work or experience in blockchain technology. My guess is the development they have done so far in 2017 of their roadmap is very minimal, that's why they don't have an engineer team or any code on github. Some of the gateway, sub/pub services, cloud service mentioned in their white paper are likely borrowed from previous backend work of PixoMobile, not really related to the blockchain project. The foundation of arcblock, Open Chain Access Protocol, is not even in development, just on the design stage. I might be wrong, but if Arcblock can upload any codes of the blockchain work they have done so far to public repo in github, that would prove me wrong and also give all the ICO investors a peace in mind. The other weird thing is he did not list any developer in his team, the excuse of keeping his employees heads down and away from recruiters is not convincing, as most successful ICO does have a good team with excellent engineers, and engineers who are working for a great product won't leave the company because of recruiter calls. Just my two cents. Hope we will have more ICO companies that are more transparent and developing great blockchain product.

this are not small redflags.. but fucking huge. this is not something you can ignore.

Oh well, I guess with this level of hype they'll raise enough money to hire blockchain developers. I've been proven time and again that a team didn't seem qualified to execute the plans of the white paper - by the way did you know some projects have been outsourcing the writing of their white paper? - after the end of the ICO they just hire the people they need, partner up with a tech heavy team or against the odds get a working product and end up with a successful business. Business first, tech second can be a successful strategy. Not saying I condone it, but if it works it works.

Thanks for your information and analysis. It sounds reasonable to me.
Arcblock do have some hype right now, but there are too many redflags.
I will follow this project, but probably won't participate its ICO.

If you give me 300 million USD, i'll give you a paper with some black text on it, a wordpress site, and create a telegram channel with 40k bots too. NP, lets begin ScamBlock 3.0 ICO right now

Guys, thanks. I think also. Some of the proposed developments no have analog now. CloudNode live only in mind. May be project not scam but we don't see real product long time. Now they must find excellent programmers for all. But where?

I would stay away from this one.  Tons of red flags as they made plenty of lies like being the first platform for dapps, having relationships with IBM and SAP.   Also only a team of 4? Really.  They are also kicking people from their telegram for asking simple questions.  It has scam checked in every box.

I'm not trying to stand in the gap for the project. It's true their telegram admins do avoid some questions but that's not reason enough to tag it as scam. Haven read the 28pages of their whitepaper, there was not any point they said refer to something else. The end will tell if it was a scam or not. Let's wait it out.

Just like how you said that's make people that participate hurt, many of ico that in the progress seems like scam with some arguments but in the end it shows itself that it is good quality ico. Hope arcblock will be like that too.

1) Arcblock claims to have partnerships with big companies like IBM and SAP - meanwhile there is no evidence of this anywhere to be found; the community admins on their telegram refuse to answer the question that is continuously asked of them: 'Arcblock claims to have partnership with IBM and SAP but there is no reference to these partnerships or any other on the net, please clarify.
A Partnership does not mean an Strategic Partnership.


2) Arcblock has no code on Github
It is not an open source project. See the FAQ: "Is ArcBlock an open source platform? ArcBlock is NOT an open source platform"


3) Lack of technical development roadmanp
There is, here https://www.arcblock.io/ (https://www.arcblock.io/). Just scroll the web page!


4) Whitepaper keeps telling you to refer to something else which is non-existent
And you are referring to "something else" so there is no way of proving nor disproving the argument.


5) how will they prevent SIBIL attacks if the devs pay the “gas fee”?
By using the gas fee. Is not a public blockchain.

6) No mention of a lockup period for their coins.
CEO recently clarified that they are vested for 2 years.

Now... please, before FUDing take at least the time to scroll a page and understand the project.

Arcblock is a popular ICO project, and its telegram group has a large number of people.
But Arcblock also has a certain problem, your post is a good post.
I just found Arcblock at Bitcointalk forum and there's a lot of Newbie posts saying that they want to invest in Arcblock, and I think these posts are just Arcblock's advertising

Most likely they are. ICO launchers have figured out by now that having a large telegram group is something that looks good for investors, as they assume it means that the demand will exceed the supply. They are currently following different strategies, being the most common spaming the forum all over and Airdropping in exchange for joining the telegram channel.

So... if you are an investor, wise up and learn to tell the difference between true growth and crappy marketing.

Might have to take a second look on Arcblock then.

there is one big argument that arcblok is a scam, because it's necessary to send an aether to an Iso not to the address of a smart contract, but to many different addresses that are issued in a personal account to users
did not even bother to make a smart contract

Unfortunately, it may turn out that even with full of scam, this project, around which a lot of hype, will bring profit to its investors, but nothing will happen later ... ETH just flow from one pocket to another.

That does suck, but that why you do your research. This year is kind of funny because it turning out all these ICO are scams.

Arcblock ICO sold out in minutes just now.
As far as the ICO is concerned, it went well. The progress is transparent.
Since our personal cap is 3ETH, I'd like to have a try.

You have a good project there, I mean look how big bitconnect got and that project was a scam to begin with.

I didnt participate in the ICO  cos I think its very likely to be a scam.
But the ICO sold out within 1 hour lol.
Good luck to those participated, I guess they still can make money in short term by selling it to those who missed out from the ICO, then the coin will drop.

It's very interesting of course, but I think that all this is just rumors until some kind of evidence is provided, so for now all this is just talk and gossip. I'm not a supporter of the project, I'm just for justice

This is crypto mate. Partnership with etherdelta does not mean anything.
The only to prove wheater they scam or not is building partnership with real merchant and not only with the same company in crypto.

This project is overhype. And their bounty program most likely allow newbie which i see as a spam. They maybe reach their ICO goal but i'm skeptical that this could be a huge money grab from them. Their project being not OPEN SOURCE is a big red flag.

Agree. I search google for them and there are tons of red flags and it is not looking good at all. Probably a scam ar at least project with no future.

It is fine not to trust that method, but it is not a proof of a Scam. Look for other stuff because scams usually have more that one tell tale sign.

Dear newby user, could you point out those "tons of red flags" , whatever a red flag means for you. (hint: a red flag is not a scam sign , is just a clear flaw in the business proposition).

You don't need 300M USD, in fact you need less that 1 M, what the f*ck, just hand me 10k and I can do that myself. But what you can't fake is having a real and verifiable team behind, investors and advisors + all the signs of being legit.

Would you set a personal cap on a scammy project? No way, you want as much as possible from everyone on such a case.

I have tried to buy ABT ICO but could not because it was sold too quickly. A day later, the ethereum I sent to them were refunded to my wallet. The scammer does not work like that. I have strong belief for this coin and would buy immediately if I could.

If you do pointing out that they're a scam and bogus then why you are hiding on a Newbie Hood?
Seems you're attacking a potential Altcoin and you're making non sense FUD from random posts.
If you do believe that there's something not right then you should stand up because hiding under the Newbie Hood is a form coward idiot.
I don't know ArcBlock or I am not related to this shit coin but I don't wanna waste my time on proving that you are right because for me seems you have a personal problem with that coin or personal issues in relation to their success.
Reveal yourself or move on. That's the thing you should need to ponder.