Bitcoin Forum

48 hours ago, Scharmbeck put up on their website the following announcement:

All USD transactions to/from Scharmbeck have been disabled pending review of government laws and regulations.

https://i.imgur.com/v6CM5cr.png

This is a huge announcement that basically says www.scharmbeck.com cease all operations of the service on the website.

A little bit later (About 15 minutes?) that announcement disappeared from the website.

48 hours since, no official statement have come from Scharmbeck website or Twitter regarding the matter. In addition, shareholders (SBFS on www.cryptostocks.com) that saw that message contemplated Scharmbeck is shutting down and sold their shares below their value.

Now it is too easy to start a scam accusation here , since its too easy, as huge profits were made in a matter of minutes on this stunt as SBFS stock rose right back up to original value right after the announcement disappeared. Well if it is a scam, grats Scharmbeck.

If its not, mistakes happen, this is fine, everyone is doing mistakes, but the lack of any communication from Scharmbeck ever since (48 hours and counting) following that incident is very troubling. If Scharmbeck is legit or trying to be, this is certainly not the way.
In numbers, it mean you crowd-funded this project for half a million dollars (yes, 500,000$) and treat your customers and shareholders like they do not exist. To put it simple, you are working off their money to make this project happen.

Should everyone force an announcement out of Scharmbeck regarding this incident? An apology message if this was a mistake? If it is, compensation for SBFS holders who undersold their shares due to this error?

If Scharmbeck is shutting down, well.... . If its not, Scharmbeck just took a big credibility hit and its time they try to win some of it back (if they care).

Cheers.

My issue isn't whether Scharmbeck is shutting down (I think it will be until they pay for some decent lawyers..), but how they are handling the incident.

For a company that has made SO much money SO quickly just to ignore their users (not even too many of us yet) is so fucking illegitimizing. It makes me feel like its one of those vaporware/bloatware companies that were popping up all last summer and fall..(even though I really doubt its a scam).

scharmbeck shuts down the alt world falls apart cuz everythings a scam!

I think it's a good thing they are shutting down they tried to cheat the system and got caught out.

*sigh*

Can't you read the news posting? "Pending review of government laws and regulations". I bet that's about the recent hearings and what comes out of it.

Either way, I'd love to hear from a SB dev to hear what exactly is the plan regarding this :)

Well I think we need to keep cool heads for know until we can sort out what is really going on.

Poster of this thread only has 5 posts so it's not like we can assume he/she has a sterling reputation or that the screenshot is even real if the message isn't up right now.

That is all you have to say for this? That this image is fake?  ???

It is either a direct potential scam or a huge honest mistake  (just for the benefit of the doubt) with no announcement regarding the matter from Scharmbeck ever since.

Right now it looks like Scharmbeck is trying to ignore it ever happened, sweep it under the carpet and avoid taking any form of liability.

it was always a disaster waiting to happen.

That alert was out of an abundance of caution due to the fact that the U.S. government released new guidance on money transmitters.

Seriously, it's easy to armchair speculate but when you run an actual business in the United States you don't **** around with financial regulators, ESP. in cryptocurrency.

Grow up. Sell, or buy. Your choice. Scharmbeck isn't a scam and it's not going anywhere.

Everything in Crypto is a scam sell all your shares now. (so I can buy them cheap)  8)

I highly doubt that after months of work registering with fincen that they will be shutting their doors.

I spoke with Gudmunsn today on IRC. He confirmed that, the message was real. He overreacted to the new fincen rules and panicked then changed his mind.

Apparently they are still open for business and processing transactions.

Some of the lack of communication yesterday and today was caused by the IRC chat being DDOS'd, I can confirm this myself.

When someone with low post count comes on the forum and starts spreading FUD you have to be cautious There are tons of sock puppets on this forum and without a post history you can go back and look at, you can't just assume that the poster is being honest.

Moral of the story, "Launches of complicated financial websites are difficult and risky"  Don't believe me, ask the US Government how easy it is (Obamacare)

BTC-e may be next!
http://volgoproc.ru/newversion/cgi-bin/run.pl?mod=news.mod&dirmod=mod&func=view&id=2331

scary

That was a complete Hoax  http://www.coindesk.com/russian-prosecutors-office-btc-e-investigation-hoax/ (http://www.coindesk.com/russian-prosecutors-office-btc-e-investigation-hoax/)

So many Troll Scammers doing crazy shit to try and get the market to drop by causing panic.  What has this become?  Greed is out of control and as I look at posters profiles in the Alt section it seems they are All from Dec 2013 lol...Honest Crypto supporters need to stick together and not allow all these scammers to get away with shit just because they don't mind Lying and Yelling the Loudest!!

Just wanted to make sure that people know that the BTC-e scare was an extensive Hoax done by Hacking the Russian Prosecutors website lol

Greed is always the same, just more scammers getting attracted to Coins.

Plus, really: Scharmbeck is offering 500 BTC for something? You really believe he will pay out 500 BTC? C'mon, you can't be serious. At least this text looks to me that they are looking only for greedy "customers" (I'd call them sheeps).

From reddit: http://www.reddit.com/r/worldcoin/comments/1x69o8/worried_about_the_current_state_of_affairs/ (http://www.reddit.com/r/worldcoin/comments/1x69o8/worried_about_the_current_state_of_affairs/)

Apparently the main developer can't make a statement regarding Scharmbeck.

They got half a million dollar less than 2 month ago and already shutting the door on the shareholders. Money is already in the bank, no need to bother working anymore.

Can we call it a scam yet?

Long live DGC.  ;D

I called this 2 months ago, and no one paid attention.

http://cryptolife.net/exposing-the-worldcoin-scam/

2 months is "long term"?

I think it is a little premature to assume you were correct about this. I myself am annoyed with the lack of communication from Scharmbeck but that doesn't make it a scam.

He calls everything a scam. A broken clock is right twice a day.

This.

There were doubts in the beginning but now it looks exactly more like what it is. Putting up a shut down notice and then going away for 4 days? What kind of company does that after raising half a million dollar? Its either a straight scam (Like deliberately pushing down their SBFS stock) or a zero skill business management.

And guess what: They might come up with some sort of an excuse and an apology (they had 4 days to polish it) and everyone will continue believing in them.

Honestly, at this point, if they don't have a good enough excuse, they don't deserve to scam people of any more money.

Seriously what the hell is happening??? I'v been transfering every shitcoin that I mined into WDC because of Scharmbeck and now it can be a scam lol :D Well now I transfered my WDC to another coin that I think can be huge this year seriously those kind of things need a quick response and nothing seems to be happening - even the worldcoin dev is confused dafuq. I guess I might be done with WDC...

Hazard is god

500 Bitcoin Bounty does not look's legit to me

Scharmbeck evaluated itself at $40M out of thin air and intended to crowd fund 5000(!!!) BTC to reward 1 person with 500BTC out of other investors pockets.

For anyone who still believes its not a Ponzi, go chase the bounty.

A lot of WDC people felt the same way. Definitely a marketing error.

I think they hoped that it would create a lot of buzz and excitement about scharmbeck that would spread around the internet and help with viral marketing but because some people perceived it to be scammy or desperate it sort of backfired.

I don't think it is the end of the world the bounty doesn't get paid until all the SBFS shares are sold so they are not out of pocket the 500 BTC.

Maybe you guys should migrate to Globalcoin.  You know the similarly branded coin that is not the center of some idiotic p and d operation every few months.  

They seem to value organic growth as opposed to these disastrously stupid ideas like unocs and scharmbeck that are contrived for only one reason.

Think about it.


https://i.imgur.com/rZd1onY.jpg

Hm. Three days and still silent. Are people with WDC holding a bag? That'd be quite unfortunate...

In either case, this greatly affects the fundamentals of WDC and it's market value. With all of the new coins that are coming out, this may be something that WDC might never be able to recover from.

Well I traded all my WDC for Digibyte few hours ago and now I'm at 100% profit and I don't regret - I don't know if I will move again in WDC :/ The next 2 weeks will be important and will make me consider for 1 last time.

I have been buying additional worldcoins slowly slowly as the price drops.
The sheep are selling and the living fish are buying. How do we know the fish is living? It is swimming on the opposite direction with the river.

That's just retarded. This thing is down 18% in the last couple hours

I respect WDC and the community and the developers...But you should always try to go with the market. Sell when the price drops and buy in before it goes up (if faith is restored).

"Don't catch a falling knife"

Prospercoin will be good soon a lot of development going into it you could move there lol But on a serious not hope its not a scam...

Scharmbeck has disabled their twitter account. It's over for them!

I see Scharmbeck's twitter account up, when was it not.  Did everyone sell their stock?

Wow...just wow.  Yet another person to be added to the ever-growing list of scammers.  Say it ain't so!!

Share manipulation?

I predict jail time for this scumbag, I think the Feds are on to it >:(. At least I got a few dollars out of the Shitbeck shares. I hope your kids die in a fire scam ass motherfucker.

wow bad news for wdc, the foundation is independant of scambeck, hope it can bounce back

It was bound to happen so we'll see what will happen but it better not be a scam.

Sounds to me scharmbeck is dead in the water. Big losses for investors (including  me).

Still believe WDC will rebound. I mined my WDCs anyways and will hold them till the end.

 There is another thread concerning Scharmbeck, and more thoughts there, including my own.


 Let me 1st surprise everyone: https://www.atomic-trade.com/ - now verify who they are,
right there, and run their background with FinCen, and New Jersey, and notice their bank,
one of my banks, a MAJOR bank.

verify - https://www.atomic-trade.com/about

Atomic Trade = legal name to enter for seach at:
http://www.fincen.gov/financial_institutions/msb/msbstateselector.html

==================================================
 I also found a referral code after looking in my new account in case anyone cares to
 reward me :)
Yes, shameless, I know. Anyway they mentioned one and well here it is, lol. & ty.

https://www.Atomic-Trade.com?refid=YCCGJJ6R
===================================================

-----------------------------------------------------------------------------------------

1st edit: I just successfully registered with them.

"Registration is complete!
Your email address has been verified.
Please sign in to start trading."

on 01/23/14 I first discovered them, but registration failed then. Today it works
if one enables all Java-Scripts needed for everything including the captcha code.
------------------------------------------------------------------------------------------

2nd edit update: I just sent my documents to them now: So I now have a 2nd
Exchange for both trading, and to and from Fiat (usd$). I am all set after they
verify my docs.
----------------------------------------------------------------------------------------

The big guns are arriving as of weeks ago. Quietly.

 And soon this all changes, dramatically.

 With, or without Scharmbeck. Don't fret. I don't know who atomic trade is, but their extremely
likely to be very real, and spent a ton of money to get where they are. And obviously have
strong connections to already have ACH to and from fiat for all their customers whom are fully
verified.

 I really didn't want to promote any particular exchange that I don't myself have a lot of
experience with. But they offer Worldcoin, and it's not like they offer a very long list of coins yet.
But surprise, Worldcoin is there!

 Disclaimer: I have nothing to do, and am not connected with atomic-trade.com in any way.
It was on a prior thread over a week ago, and went almost unnoticed by all. In fact it's not
been seen by myself since that one time here at bitcointalk.

Now:

 People really need to sit back and realize that they were truly rolling the dice on Scharmbeck
and those FeeShares offered. That was a pre-startup offer. Not of a ongoing concern. They
tried, apparently. But for whatever reason(s) something occurred. We gamble, and sometimes
we lose. That's capitalism. That's the free marketplace. Measure the risks, don't take too much
risk on. Always verify, and fully do your due diligence. Some didn't here.

 But it didn't and doesn't effect Worldcoin. Not at all. And Worldcoin is extremely strongly
supported by all of us. It's mined like almost no other coin. Just go look at the the numbers
if you don't believe me. Worldcoin will do fine. And is one of the top Alternatives to Bitcoin.
That said so are another 10 to 16 Crypto-Currencies. And 2014 will very soon shape up to
be quite a race to the mainstream marketplace. I am forcing the very issue myself. No more
delays. The RACE is on people.

 This is a full blown race to the marketplace people. It's Winner(s) take almost everything.

 Already Bitcoin has lapped the entire field at least two times, maybe more than three times.
Already Bitcoin is likely to capure at least half the entire marketplace if other Crypto's don't
fast get their coins in overdrive.

 2014 is all about Marketing and Promotion. I made a thread and a long winded opening
statement on that. Search for it. It may just help.

WDC:

 The worldcoin community, just like the other dozen or so Crypto-Currencies I currently
hold, that a lot of us all hold, must not lose focus. Very few are focused. We ALL need to
get extremely focused. And pitch in, and do whatever we can, to get our Crypto's thrust
into the mainstream, asap. No more delays. No more excuses. Only losers have excuses.
Winners take out out the Prom Queen, or whatever, fill in the blank here.

 It doesn't matter if Scharmbeck survives or not in the scheme of things. They apparently
tried. Apparently their still trying. Hopefully they can thrive, but that isn't the point here.
Not anymore. Focusing on the tasks at hand is the point. Otherwise many of our favorite
held Crypto's will fade away.

 No matter what was gained or lost get your focus back. Get your race faces on, and get
darn serious, otherwise other Crypto communties are going to run right past us and blow
us all off the raceway to the mainstream marketplace. A long list of hundreds of things
for every winning Crypto needs to be taken to task, and completed.

1st one's in Win:

 It's first to that marketplace that wins most. I don't need to repeat what I stated elsewhere.

 Worldcoin is a true survivor. Let's take it to the finish line. With or without Scharmbeck.

 I myself already know of a major, 50 state fully legal, fiat to crypto, and crypto to fiat
exchange, that also lists Worldcoin https://www.atomic-trade.com/ verify them, go ahead,
the links are right there at their site. Use atomic trade as the search business name there
at those links. You will like what you find there. Worldcoin is one of their Crypto's offered.

 I saved this surprise. The other thread I started and mentioned here hinted around at this
without stating what I already knew before, a long time before SCHARMBECK ran aground.

 Don't freak out. I have won and lost so many times over several decades that it's best just
 to advise this. Forgive yourself. Forgive them. Don't look back. Never look back. The raceway
is forward. Keep tunnel vision all the way to the finish line. And don't get distracted. Or your
not going to finish as well as you could have. Don't forget to give it 110% too. That's what it
takes.

 That saying about catching a falling knife doesn't apply to Worldcoin. What does apply is to
buy on the dips. And buy on the corrections. Always keep some dry power for these occasions.
Never run out of dry powder, and always have it in inventory so no delays can harm you too
much. The reader can figure out the rest, if their a Winner!


Caveat emptor - let the buyer beware!

how can we validate if sharmbeck was really fincen approved, is there any website ??

WDC survived UNOCS, it will survive Scharmbeck too.

https://www.atomic-trade.com/about

http://www.fincen.gov/financial_institutions/msb/msbstateselector.html

So are we going to get an official statement or what? They are going to owe a lot of money to their investors or face a huge lawsuit.

+1 

*looking highly suspect there Shrambeck...bad karma mein

I think its pretty much dead. Just the last gasps remain.

I hope they just officially declare it dead. The uncertainity is no good for WDC. Last time when UNOCS shutdown WDC rebounded sharply.

I'm still holding approx. 115,000 WDC and the downtrend really starts to worry me. Thinking to dump them before it's too late :(

They tweeted that they were in legal trouble and needed to retain an attorney on their twitter last night. That tweet is suspiciously missing now. ::)

http://www.reddit.com/r/worldcoin/comments/1x8m5x/scharmbeck_tweets/

What lawsuit? They are registered as an LLC. They will manipulate their books to show that they were having to spend money and are broke. Anyone wanna guess what's going to happen to the 500 BTC bounty they were setting up for their "investors"? If pressed, I have no doubt they will claim it's going to legal fees.

Looking around and searching, it seems as if, at least, IMO, WDC, WDCF and Scharmbeck were all ran by the same people behind the scenes. A new age Ponzi scheme especially with their offering of shares. As someone else pointed out, their dividends numbers don't add up at all.

With Crypto and especially cryptostocks, all is fair game for the scammers. To get listed on Cryptostocks, it's pretty much a joke how LITTLE information you must divulge before you can just start selling non-existent stocks. So get people to buy in. Make up some BS contest of a 500 BTC reward, but only for investors, get a big influx of people buying more "shares" hoping to win some BTC. Release an "earnings statement" about huge dividends payouts, then immediately go silent for a week leaving "investors" in the dark. And then when they do finally break their silence, it's a tweet that basically says "MAYBE we will have more info for you guys next week", and then turn around and delete that tweet.

I guess the fortunate part of this all is, if they do what appears is happening, they did it to the wrong community. The Crypto community is full of very smart and very well educated people. And the community won't just let them "get away with it". They would be better off assuming new identities and starting their lives from scratch.

Can you prove Scharmbeck and WDCF are the same people? I might not re-enter at any price if thats true..

A few of the foundation board members were also with scharmbeck. After this fiasco, they are stepping down, and we are in the process of selecting a new team to take us forward. Good news is that  a lot of eager individuals with good credentials have come forward.

Regarding scharmbeck, I think one individual is responsible for the mess. I guess the story would become clear in the future, but my humble recommendation would be to get out of SBFS - but as usual you trade with your own risk.

Worldcoin itself has a huge community all of who are pissed that we basically walked into the current mess. The process is on to get the correct approach and hopefully we will emerge stronger. You can come over to #worldcoin freenode channel.

I wholeheartedly agree. Uncertainty can be very deadly for some markets. It's best to let the bad news occur, the quick market action to take place, and then if the fundamentals and community is there, it can start to rebound.

Scary thing is that this may be harder to recover from and it might cause long-term downward pressure on the prices of WDC.

If they had just posted they were shutting down AND kept the message up...they wouldn't have smashed the price so hard.

There will be new uncertainty and donut about WDC after this --> at least temporarily new lower price floor. I exited WDC somewhat early so at least I'll be able to buy more than before if this rebounds..still scary though.

This info was widely broadcasted to boost scambeck reputation as bait

http://worldcoinforum.org/topic/460-worldcoin-announces-scharmbeck-shares/


Notice the names of the wdc foundation members.

Sagefit is also part of the scam eventhough he is not listed as part of the scambeck team.  He was very active with pumping the scambeck on trollboxes, claimed to have insider info on future scambeck news releases.  Right after the scam was busted, Sagefit announced that he left wdc foundation to form a new coin (Takeicoin). 

Xodianbarr is also a known scambeck pumper and defender, his part in the scam is not clearly established.

Well it appears that the whole worldcoin community was conned at this point but I feel that it was only one Guy responsible for it.

As far as I know Sagefit and Xodian were just trying to promote Worldcoin and we all thought that Scharmbeck was legitimate. Even going so far as having a beta and actually processing some transactions.

Edit: I may have got caught up in the speculation more then I should. Best I can tell there is some sort of litigation going on internally involving the main players at Scharmbeck however it is unclear exactly what it is about.

Fuck this  >:(
I'm out of Worldcoin, permanently  >:(

Is there any reason to even support this coin instead of another one at this point??

You can say that Scharmbeck is not WDC, and WDC is not Scharmbeck, but that really isn't the case. The Worldcoin Foundation was pimping Scharmbeck like crazy, and frankly, Scharmbeck was the only thing WDC had going for it. Without Scharmbeck, WDC is just another Litecoin clone.

WDC has absolutely no PR, and nothing even vaguely exciting on the horizon. There's just a small, devoted community who live in an echo-chamber. Even the 500 BTC Scharmbeck prize was almost completely ignored by the larger cryptocurrency community.

Anyway, WDC has survived through a lot of crises and fiascos (51% attack, realsolid, UNOCS), but I think this may be the one that ultimately does WDC in. Even though they're techincally separate entities, the fates of WDC and Scharmbeck are very tightly bound.

I cannot believe that you have the cheek to write these lies about me without a shred of evidence to back them up.  I am not at all known for 'pumping Scambeck', and i am nor am i a 'defender'.

My position regarding 'Scharmbeck'.  I used to work for the Worldcoin Foundation.  3 of the board members decided to develop Scharmbeck.  I did not approve of the relationship regarding Scharmbeck and the Foundation.  I found it 'unwholesome' - so i quit.

My feelings about it in fact led me to steer away from Worldcoin altogether.  I have since come back to rescue WORLDCOIN from Scharmbeck.  This I am having some success in.

What you have proven in your post is that you are quite happy to peddle rumour, speculation and complete lies as fact.  Shame on you.  In the past i have supported Scharmbeck because it offered a good opportunity for Worldcoin.  Sorry, but I don't see anything wrong with this.  Nobody can see into the future.  In the past few days however, owing to the fact that nobody has PROOF of anything i have urged Worldcoin community members to remember two key facts:

1.  Stating speculation and rumours about Scharmbeck or Worldcoin is not a professional way to act.
2.  Scharmbeck related gossip, rumourmongering, and questions should be directed towards Scharmbeck and NOT Worldcoin.  

I have done nothing to defend Scharmbeck other than to urge people to adhere to these requests.

I have opinions about Scharmbeck and none of them are positive but they are just that - opinion.  My only objective is to look after Worldcoin.

If you have any serious questions you want to ask me in a professional manner, i am contactable through irc.freenode.net #worldcoin or i can be messaged via the worldcoin forum at worldcoinforum.org

I will answer any questions from anyone to the best of my abilities.

~~ Xodianbarr ~~

From the BTC-E Trollbox Logs:
 http://trollboxarchive.com/search.php?search_type=username&search=xodianbarr

xodianbarr          4 Months Ago   Scharmbeck - aka worldcoin bank
xodianbarr          4 Months Ago   Scharmbeck is DA BOMB!

xodianbarr          4 Months Ago   The first one was posted 5 minutes ago, regarding worldcoins latest project - you can find out about it@ https://twitter.com/scharmbeck + get an exclusive pre release look @ https://scharmbeck.com

xodianbarr          4 Months Ago   also you can check progress of the latest worldcoin project here: https://scharmbeck.com



It's funny how everyone is distancing themselves from Scharmbeck now.

Nope. This coin has a lot of bad history. This action by folks trying to save it is probably people with a lot of worldcoin. It has nothing special that any other coin couldn't match or exceed. All it has is a fancy name and a community that has dwindled to a small size over the last couple of months.

So many bad news in the last days...  :-\

There was a time that i really thought this coin could get something special... but now, i don't know what to do with my bag

Without Scharmbeck, WDC looks very generic.  It looks great if this were 2012, but now. . . We'll see if the community can salvage it.

A lot of us are in the same boat. I view WDC as a series of pumps and dumps now. There's a crisis every couple months to drive the price down, then they come out with some big news to make it skyrocket. I'm gonna hold on and hope something pumps the price back up before I dump.

Well im out of WDC for good, personally I really don't want to wake up to nothing left, I only had 5,000 so its not a big deal but i did loose good money.  Anyway if you do a bit of research, twitter, forums, reddit, their IRC channel, whois lookups, company directories etc.  It really doesn't look good at all.  I don't mean to FUD anything but this situation is pure ridiculous.  Sharmbeck was a company made by some of the WDCFoundation team, they are both registered to the same address and they cannot resolve this or give transparency at all?  Some just walked away?  Its just pure crazy and puts it well into the realm of a scamcoin.  I would be very surprised if they recover from this.  Current IRC chatter is about changing the name of Worldcoin Foundation to something else, so they are planning to rebrand.  Good luck for the future but I will never touch these again and alot of other people wont either, very sad outcome.

As i said in my comment.  I did promote Scharmbeck to people because i saw it as a good thing for Worldcoin initially.  I went on to say, 'nobody can see in to the future'.  Also i'l like to make mention of my comment there about it being a Worldcoin bank.  1.  being a bank that uses Worldcoin does not mean it's controlled by, or owned by Worldcoin.  Like any bank dealing in any currency.  2.  I was reprimanded for that remark because it's Not a bank.  It's a money transmitting service.  Not that the difference means much to me.  Explain to me how your comments  corroborate bittencoins insults.  In context you willl find in that trollbox archive my advertising of other worldcoin services too.  Am I to be accused of being in bed with them all?  Or just the ones that don't pan out?

~~ Xodianbarr ~~

@xodianbarr,

What is your advice for us (bagholders)? Try to be honest

dump SBFS. 

Thanks. I'm not holding any shares from scharmbeck.

What about WDC? Do you believe it will go more down soon or do we have a realistic chance to get back at least to 40,000 satoshi? Meanwhile i already gave up dreaming from 70,000-80,000 as it was some weeks ago.

To be honest, i'm also thinking to dump a big part of my bag. Nothing against the project, just afraid to lose too much. I know you can't look into the future, but i guess you know more than we do

Dump them so I can buy. I have purchased tooday's dip more bitcoins and bought WorldCoins, but I have both left: bitcoins and fiat.


Keep on dumping and make me rich!

While i really hope it wont, i suspect it probably will in the short term.  What with the situation concerning Scharmbeck i expect the price will be adversely affected for a while.

~~ Xodianbarr ~~

@Jomppe

Thanks, but i'm not interested in your opinion.  ::)

You may not be interested in mine either... but:

Diversify your current bag, wait for WDC to hit a new low price. If it looks like a good opportunity then, put your money back in.

At this point, with all the fear and uncertainty (and lack of a timeline for the future), WDC isn't worth the 9 million $ its priced at. Although I am only investing (serious investments, not my high risk/high return ones) in coins with foundations similar to the WDCF

I am sorry but I am not talking any opinions.
It is a fact.
I am buying if you guys are going to unload the coins.
There is no problem in the coin, if Scharmbeck fails, there will be some other similar service which most likely will not fail - we have learned our lessons.

WorldCoin has nothing to do with this panic, it is all about Scharmbeck which is, as stated, a distinct entity.
WorldCoin is still going to take over the cryptoworld.
The conservative price target for WDC is 0.077 BTC. WDC has still fast transactions, vibrant community with almost religious enthusiasism in the coin.

Hi Zzzack,

I think there was a time when you believed in WDC, so as i did. Now it would be interesting to know in what you think would be worth to invest. I'm looking at altcoins since a couple of weeks now and already made some stupid mistakes.

Currently i'm holding a bag of WDC, IFC and EAC. Currently i'm only in profit with WDC and IFC as i bought them quite cheap. I'm not sure what will happen with EAC, but i guess it can't get much worse as it is now. If i dump my EAC bag i will lose with pain.

I'm looking at NetCoin since some days and don't know if i should get some. The price is low and it doesn't seem to fall much more. So i think it could go up. But i thought the same with some other coins and finally lost.

I'm not going to invest any money in all the other brand new coins, as i'm getting sick of all that shit.

+1

When the price stabilizes 0.077-0.100 BTC levels, I am able to sell a few for you guys who desire the stability.  ;D

Quite the optimist eh? So you're valuing WDC at $2.5B? Any particular reasons, fundamentals, etc? Just curious.

Pretty much what I feel.

And now there are a bunch of new kids on the block that haven't had UNOS,51%,Scambeck. Might want to get out while you can, there are plenty of other  "better options now". How much things change in a month.

Actually it can go even higher than that.
The ones who have balls to buy the coin these days and hold it will be fiilthy rich.
The relation is obviously based on the two major arguments:
1) The relationship between minted Worldcoins and bitcoins is around 0.077.
2) WorldCoin is technically more advanced than bitcoin (faster full transactions)

These two factors will playout such that the people, once they realize WorldCoin, will throw their bitcoins to get even tiny bits of this gemstone.

lol

That bounty will never leave Scharmbeck.

Could this company be any more of a joke? What professional company creates a lottery with it's shares (none in the history of the stock market)? What professional company releases no formal statement on the internal affairs of it's members. Instead we have to rely on:

 

A ) A twitter post that ends up being pulled

B ) The fallout of the dispute being posted in an IRC channel

 

Are you fucking kidding me? In what world is this acceptable?

 

If this stock exchange (crypto-stocks) was based in America, Scharmbeck would be reeking with SEC violations. How convenient that it's not.

 

 

I've been a supporter of WDC since the very beginning, and I have never been more disgusted. These people are RUINING this coin with their un-professional behavior, and their un-abashed treatment of their shareholders. Makes me fucking sick to my stomach.

 

 

The core developer of WDC is running this shit show. I honestly don't want to be a part of WDC anymore. It is an un-professional, childsplay of crypto-currency. Congratulations on taking one of the greatest technologies ever created, and shitting all over it.

Globalcoin is the alternative.  No scams, just growth.

Because of the amount of questions relating to Scharmbeck that people have, and the total lack of communication there is to be had from them, i decided to write a topic to try and answer some of the questions people have.  I realise that there are probably more than a few questions that may have been missed, but you are more than welcome to reply to the topic with your questions and i shall do my best to answer them for you. 

http://worldcoinforum.org/topic/1358-scharmbeck-q-a/

~~ Xodianbarr ~~

You said you quit because you found "the relationship regarding Scharmbeck and the Foundation.  I found it 'unwholesome' - so i quit."  but infofront dug up your comments.  I supposed you will reply that you found out about scambeck and wdc after you pumped them.

You just got busted for lying ;D.   

BTW, doug gilmore, the lawyer that is part of the scambeck trio has taken his profile off the wdc foundation page.  But don't worry doug, your info is preserved for prosperity.  http://web.archive.org/web/20140207083324/http://worldcoinfoundation.org/index.php/en/about/board-members

Ew juicy. Fucking sharing this shit. You steal our money, we ruin you, see you guys on Facebook.

Sorry explain to me what the lie was again?  Did you even read my reply??  Infofronts clearly did considering he dropped the subject.  I said Scharmbeck was a good venture.  It was actually my job to promote Worldcoin (which obviously includes new Worldcoin services).  That was a long time before all this happened i might add.  Show me where i said i approved of the relationship between Worldcoin foundation and Scharmbeck.  Just to point out also (Not that you deserve it): this was BEFORE I quit.  So It's about time you retract your SECOND bullshit statement - again.  Is there actually ANYTHING you can get right? Sucks to be you.  You accused me of something without proof.  You're still disrespecting me.  For the sake of it.  What kind of person are you that burns people for the hell of it?

Oh i just saw another lie of yours. Didn't notice the first time.  Despite no proof other than your schitzophrenic fantasies - how do you come to the conclusion I 'pumped scambeck and WDC'?  Of course i'm sure you can provide some more falsehoods to make you look even MORE foolish (if thats possible).

So far you've wrongly accused me and Sagefit without any evidence, or reason to justify it.  You are beginning to look increasingly like a troll.  Just to point out - what is it you're trying to achieve exactly?  Clearly you have some sort of agenda for posting unsubstantiated lies about things of which clearly you know nothing about.  Explain to me the reasoning behind your judgement about myself and Sagefit.  Do you actually know either of us?  What exactly has led you to your conclusions other than some spurious dribble which bears no relation.   By the way I will accept your apology now, knowing the type of person you are, you will just slope back off into the shadows now that you've finished your slander and found yourself wrong.  I admit when I am wrong.  But then, unlike you - I have honour.  Perhaps when you're a bit more grown up you'll understand....

What a shitshow. I sold out. Don't be a bagholder, and don't be someone who supports the people behind WDC and scharmbeck. This train is over.

I agree, this is the 3rd time I got scammed at cryptostocks, stay away from the place it is to risky and to easy for scammers to make shitloads of money. All u need is an ipaddress and email and you can start an untraceable scam on cryptostocks. I filed several policereports, trust me you won't see your money back!

The whole idea behind Cryptostocks is dubious.  Even the site is poor.  I feel for you.

~~ Xodianbarr ~~

Classic case of a professional BSer.  Just talk in circle hoping to muddle things up and hope people don't have time to pick up on the BS. 

You said you "quit" when you found out about wdcf and scambeck.  What was there to find out? scambeck was started by the very same people who appointed themselves as the principle members of the wdcf. This is not some hidden info, those guys used their positions with wdcf to promote scambeck, the info were clearly presented on their websites.  Are you suggesting that you did not know about this connection when you first pumped them?  OTOH, If you did know about this connection and you found it "unwholesome" and you did not approve of them, then why did you pump them?  If you knew that they were "unwholesome" and still worked for them, that makes you (and sagefit) scammers. 

The only way for you to get out of this stink that you created is for you to personally claim ignorance, and say that you were first unaware about the connection between scambeck and wdcf, this claim would make you the most ignorant person in the wdc universe.

BTW, for the record, you and sagefit did not "quit" scambeck, you two pumped them right to the time when the scam blew up, YOU were personally trashing people, on the trollbox, who tried to point out the problem with scambeck up until the scam blew up.  The scam finally blew up when people did the dividends calculations to show that scambeck cooked the book ( https://bitcointalk.org/index.php?topic=443111.0 ).  Their internal partnership problem conveniently appeared when their scam got ousted. You conveniently distancing yourself by claiming that you are only trying to promote wdc.  Your new spiel now is to promote yourself as trusted vanguard guardian of wdc.

i am the previous operator of the mineworks scharmbeck pool (yes it sucked)

I can vouch for both sagefit and xodianbarr. as everyone knows i sold out and told nerdcustoms i dont wish to continue due to the situation with wdc and scharmbeck. and so it was merged with nutnut's nut2pools.
The state of WDC is a complete shambles. the current wdc devs originally focused on wdc as a general and scharmbeck was treated as a completely DIFFERENT entity. however as of the recent months it has become clear that wdc + scharmbeck are one and that without scharmbeck wdc is a failure/ UNOCS v2 . both me, sagefit, xodianbarr and numerous other people have put this to the devs with very little action taken.

The End result here is: wdc and scharmbeck is dead, move on. (You can't call people scammers for doing their job especially when things were different at that time)

All right.

I was an old WDC investor and I'm never investing again because of the professionalism shown from the current situation, but I still wouldn't call WDC dead. It still has some infrastructure. I definitely think its overvalued at 7 million $ market cap now, but I see it worth what Devcoin or Zeta are worth in the 2.5-3.5 million $ market cap range. A slow death would be painful, but a quick re-evaluation of the price could get things started again.

i do agree with you but i definitly do think wdc is dead. this the 3rd time this has happened. 1st when clint25n was the dev, then the UNOCS pnd scam. and 3rd now

That is correct.  I did quit.  I did not say I quit the very instant I found out. 

    I worked for the foundation doing PR.  Initially i was told that one of the members was working on a project.  Absolutely no details were given out about what the project was outside of those within the board (Gudmunsn, Nerdcustoms, and Beneliath).  As time went on, I was told (along with everybody else) about Sharmbeck.  It was not immediately explained what Scharmbeck was.  All there was to go from was a web page with some information about banking.  This is why i made an incorrect assumption that it was a bank and not a money transfer service. 

    When it was officially announced what Scharmbeck was I began to feel uneasy about the whole idea. I don't believe it was in the interest of Worldcoin Foundation to be directly associated with a business - let alone a money transmitter.  Scharmbeck announced it was floating shares at Crypto Stocks.  I investigated Crypto Stocks, and because of their inability to even provide a working method of registration, let alone the site looking unprofessional, I remarked in #worldcoin, that I thought Crypto Stocks was unreliable and that Scharmbeck should not be using them to float shares.  I was immediately reprimanded by the board for talking about Crypto Stocks in a negative way 'without proof'.  I blew my fuse and told them - 'The fact that the site is broken and they don't respond to emails is proof enough.  That was the final straw for me.  My inhibitions about the association between the two, and the fact that i was expected to defend Scharmbeck despite NOT working for them was enough for me to quit.  So i removed all my privileges from the channel, forum and Foundation and quit. 

  When people asked I explained that it was a 'conflict of interests' as i had no wish to start up a discussion damning Worldcoin Foundation or Scharmbeck.  I hung around in the chat for a few days after, but i felt the Scharmbeck thing so much of an issue that I had to walk away from Worldcoin, and have been away for 3 months.  I came back and within days the problems with Scharmbeck began surfacing.  Because of my love for Worldcoin (Yes I do love it) I decided to intervene.  I pushed the board members individually to step down.  Which they all in turn agreed to.  I have since gone on to to try and repair all the damage that has been caused by the past affiliation between the two. 

After reading this I hope you begin to understand how wrong you are about me.  If you have problems with anything I have just written come to #worldcoin and ask around.  I am sure that you will find that what I am saying is all true.  You are even welcome to message me, or talk to me publically about it.  You will find me open and honest.  If you forgive my anger you will appreciate that i do not take kindly to being accused of being dishonest.

I did not quit Scharmbeck.  Because I never worked for them.  I did not pump either.  Because despite your assumption that I am capable of it, I am not.  At that time I had about 1.2 BTC in total anywhere.  Hardly enough to pump anything.  Between then and now I now have a grand total of 1.32 BTC.  Still not enough to pump anything. As for what you said about Scharmbeck problem.  I seem to distinctly remember users on the 'troll box'  (it's called that for a reason BTW) deliberately trying to discredit it for no good reason.  Some people had valid points and presented them in a respectable manner (namely longandshort) who I invited to discuss it directly with the lawyer on #worldcoin.  I did not force anybody to buy into either Scharmbeck nor Worldcoin.  I merely promoted what they had to offer.  As for your opinion that I am trying to 'distance' myself from Scharmbeck, there you are wrong.  I was never close to it.  I only promoted it because it was in the best interest of Worldcoin Foundation that I do so.  As i have said previously - I promoted other services equally... I.e. Rapidballs.  I did not tell people to go gamble their money away there either. 

On a final note.  You keep relating to Scharmbeck as being a scam.  What makes you think it is a scam?  All I have seen is that it is a legitimate business that has had major internal problems resulting in legal dispute.  It has made no official announcement about it's intent to close.  From my understanding there is no reason to believe it is a scam.  Perhaps it is.  If i said what I thought about it - it would be speculation only. 

regards,

Xodianbarr

For WDC its a coin, it dies no big deal. As for Scharmbeck, no one would have cared if it died if they didn't crowdfund half a million dollars at cryptostocks and pretending to be legit al the time.

If they claim its not a scam they should buy back all their shares at least with whatever BTC they have left. Or wait, let me guess, they burned $0.5M in 2 months?

Lets just say possible legal action is pending against scharmbeck, and its yet to be determined if wdc foundation can be held accountable.

i disagree a coin dying can mean people lose a lot (the bagholders) i personally did with mincoin and hypercoin.

As I have recently discovered - Worldcoin Foundation is owned by Doug Gilmore lol.  I laugh because if there is any it will fall on his doorstep.  But i shouldn't but that means Worldcoin suffers. 

~ Xodianbarr ~

Do you know on what exact charges?

How hard is it to give an announcement! People invested a lot of BTC because they thought this was a WDC project (there wasn't much stating otherwise) and that backing would make it a good long term investment.  This is really disheartening. I hope we get some info soon, this is getting crazy.  :'(

I was lucky enough to sell my Scharmbeck shares (SBFS) and my WDC before the news. From my own experience in the financial markets I noticed that many times price direction is truth.  When SBFS opened to anyone interested and the price of WDC didn't even have one decent spike up I knew that something funny was going on.  Insiders or people with a lot of coins were dumping any chance they got keeping the price down.  The price direction often tells the story before it's leaked.

Lucky you.   Just before scharmbeck crashed I needed some liquid bitcoin and I chose to sell my cryptsy shares instead of scharmbeck. . . 

Ugh.  Still angry about it.

Worldcoin is a classic premine coin that was hyper marketed and pumped and dumped.

I remember doing research a few months ago on Sharmbeck when Worldcoin community announced that exchange.
I googled it and found just one tiny little press release. It seemed so sparse, no substance. Red flags everywhere.

Any alt coin that is premined like Worldcoin, Quark, Zeta, Earth, etc pretty much follows the same development:

- Devs create a coin for which they own a substantial amount in premine / instamine.
- Miners mine coin in hope of quick, short term profit, in collaboration with Dev
- Noobs buy premine coin from Devs and Miners on a sell thread at outrageous prices
- Coin is hyped, with giveaways, pretty logo, phony innovation, pumping the value
- Coin is added to an exchange, invariably Cryptsy
- More Noobs fall for hype and buy coins on exchange
- Devs, Miners and Early Adopters dump coin for immediate profit
- Noob looks down sadly at bags of worthless premined coins
- Rinse and Repeat.

To all the Devs and Miners who enjoy doing this: congratulations on all your scamming, you have all done very well.

Well if it ended up in a court case, and that was your arguement against all the critics in this thread - and i was on the jury - I'm fairly sure i would find you Not-guilty!   

but on the charge of making easily readable posts! guilty! guilty! guilty!

the way you have described things are too well laid out and concise for them to be false in my opinion (I know my opinion counts for nowt, but I thought i'd show my support anyway - Also im not entirely sure what Anger you referred too though, your post seemed to come across as level headed - not hot headed)



Also just a quick question (as my memory sucks) but weren't there 2 other coins that were involved in the early stages? or was that another major feature that im getting confused with? after all if someone is getting bashed unfairly, surely everyone that was involved should be getting unfairly bashed (on an equal scale!) 


just my thoughts :-)

You're retarded if you don't know what premine means. I don't know about all of the coins you listed, but I was on bitcointalk at least when Quark came out and it was announced the first day mining was possible... I hate misinformation when we are using REAL money, and there is a ton of misinformation on WDC, Quark, Namecoin, FTC that it drives me nuts.

Correct WDC was involved in the UNOCS pnd scam with FTC (feathercon)and PXC (phenixcon) pun intended :P .

Is Scharmbeck back up?  I don't see the warning anymore.

I was on the PXC promotion team when UNOCS failed to launch. It was the fault of the PXC dev (Michael Burns / Iamatrix), the same one that created PhenixEx (another scam).


FTC and WDC are not to blame for it.

FTC and WDC are to blame for it. if they did not do their research more shame on them

Anybody have a relevant transcript?

Sorry to chime in on your reality, but quark is readily acknowledged as front loaded premined pump and dump coin.

Take a look see:
https://bitcointalk.org/index.php?topic=361286.40

Do you think that 250 million plus Quark coins will ever be used for anything, even a dice game?

But if you are invested in it and it makes you happy, who am I to judge?

Quark is a instamine, premine scam.

Worldcoin is officially shit. I mined it, I bought in at all time highs thinking it was going to break $1. lucky for me I dumped it all at 40000 satoshis.

Overall WDC has been a pretty successful scam, its time for this old horse to die a horrible death.

That is total bullshit.

Compwindsor has it and it is being converted slowly as to not crash the price of WDC further. Compwindsor has said that he will personally make up any shortcoming we had in funding so that the well project goes forward.

What I want to know is where you got the idea that we are continuing to fund raise or did you just make that up too?

Converting now $10.000 when everyone is already nervous is just a **** idea.

Please wait so i can dump all i have before him.

That's it for me. I lost enough with WDC

bit more info

He is doing it carefully. It is not going to be a dump.

The original developers of Worldcoin worked with Feathercoin and Phenixcoin in a partnership called UNOCS.  It failed because of disagreements between the three.  I joined the Worldcoin community at exactly the time the announced that UNOCs was a failure.  

~~ Xodianbarr ~~

I can dispute your claim and provide evidence for it.  worldcoin supporters don't join a channel generally calling themselves 'worldcoinscam'.  You were requested three times to change your nick (you did not).  You were banned for it.  I don't understand why you would want to hurt your own business by taking it down  if you are such a major vendor.  That does not to me sound like a good business decision.

~~ Xodianbarr ~~

Proof, for anybody who cares about the truth:

[15:30] <@xodianbarr> i think you guys should wait til there is reason to believe it
[15:30] <@xodianbarr> and i think worldcoinscam you should change your nick
[15:30] <worldcoinscam> unsustainable: good move
[15:30] <@sumantso> yup - change your nick or say bye bye
[15:31] <magickk> and it's gone because some young pricks are trying to make a few bucks. they better cash it out quick before wdc is worth .00000001
[15:31] <worldcoinscam> kick me
[15:31] <ScamBeck> suppress is not the way it works
[15:31] <worldcoinscam> ban me
[15:31] <worldcoinscam> just wait and see
[15:31] <ScamBeck> ask saddam hoessein
[15:31] <@sumantso> magickk - i lost 1.2 BTC. So don't cry in here
[15:31] <@xodianbarr> is that a threat worldcoinscam?
[15:31] * Joins: compwindsor333 (4b77f19b@gateway/web/freenode/ip.75.119.241.155)
[15:31] <magickk> lmao then why are you here?
[15:31] <+laughingbear> comp!
[15:31] <compwindsor333> greetings knobs
[15:31] * Quits: Potency (~Potency@72.185.225.253) (Ping timeout: 265 seconds)
[15:31] <@xodianbarr> compwindsor333 hi
[15:31] <worldcoinscam> ban me..
[15:31] <magickk> that's just stupid
[15:31] <compwindsor333> so i hear there's some bad press regarding the well project
[15:32] <magickk> ya think?
[15:32] <magickk> it isn't paid for
[15:32] <+laughingbear> plz explain where the money is
[15:32] <compwindsor333> i'm in contact with Peter Chasse (TheWaterProject president) and everything is fine
[15:32] <@xodianbarr> compwindsor333 all people want to know is what has happened exactly
[15:32] <compwindsor333> cashing out in chunks so as not to further dilute the WDC price
[15:32] <magickk> ROFL
[15:32] <+laughingbear> why is the money in wallets comp, that were moved last night?
[15:32] <@xodianbarr> do you have the amount to cover it compwindsor333
[15:32] * sumantso sets mode: +b *!*@50.40.108.238
[15:32] <compwindsor333> i do yes
[15:32] <@StatusD> compwindsor333: yo!
[15:32] <@xodianbarr> $10000?
[15:33] <magickk> like the well project is going to crash the price...
[15:33] <compwindsor333> i have 10k USD in my personal account worth xodianbarr
[15:33] * Quits: worldcoinscam (~randayh@50.40.108.238) (Quit: Leaving)

http://worldcoinwell.com/

Where exactly are we continuing to raise funds? There isn't even a WDC address to donate to on that page.

If you meant the posting by shwackd here: http://worldcoinforum.org/topic/1240-lets-build-a-well-in-africa/?p=10525 then he is also mistaken and you are taking something he said as fact when it is just rumor.

Also for people following this thread worldcoins4barter.com is Randayhs' site. He gets himself kicked and now won't let it go.

WHOIS information for worldcoins4barter.com:***

[Querying whois.verisign-grs.com]
[Redirected to whois.godaddy.com]
[Querying whois.godaddy.com]
[whois.godaddy.com]
Domain Name: WORLDCOINS4BARTER.COM
Registrar URL: http://www.godaddy.com
Registrant Name: Yates Randall
Registrant Organization:
Name Server: NS09.DOMAINCONTROL.COM
Name Server: NS10.DOMAINCONTROL.COM

When confronted with facts his lame response is to go write a poem because who needs facts when one can rhyme.   ::)

Rumours are what you have gone out of your way to create today.  As the last few hours of your posting proves.

~~ Xodianbarr ~~

Thanks xodianbarr for the transcript.   I appreciate the context.

And thanks to you and Thorgrim for clarifying the Well issue.

EXACTLY!!!  Where is all of the money??  Why is no one addressing this question?  The second round of shares conveniently enough started to be sold at the end of January instead of second week of Feb (I believe) Like originally stated.  Why the RUSH?  And why offered with some weirdo hanging carrot prize?  Can ANYONE explain this at all?  All of you in charge now who were on the board when this happened a few short weeks ago were around.  WHERE did all of our money go for those shares???????

lol. did you really link me to a POLL asking what people think is a scamcoin to prove that Quark was premined? I was here when Quark was launched. The internet doesn't automatically erase content either, you can check the announcement if you want to find out for yourself. I just don't understand your thought process. You make up a claim, then link me to a poll to prove it?? A poll where Bitcoin, Litecoin, and Peercoin all received large numbers of votes saying they're a scam?

I don't care if you judge me for investing in Quark or not. They have all the things I look for in a coin - economic model made for investing, a foundation, a dev who answers my PMs, and a growing reddit community. I am judging you for being a retard. Guaranteed you're a Dogekid between 14-16 years of age.

Nobody that is in charge now were on the previous board. That board is basically dissolved and a new committee has been created to get Worldcoin back on track.

I am not sure what exactly some of you expect us to do? The three people involved in Scharmbeck are not talking and nobody else is privy to the exact situation going on with them. Like I have mentioned in other threads on this Topic; as far as I can tell there is internal legal action within Scharmbeck and they are un-able or unwilling to talk. We have tried to get answers.

I myself lost a significant amount due to Scharmbeck, but holding that against WDC is not going to do anything to rectify that problem.

Sounds scam-my. In a world of me-too altcoins, this is going to taint WorldCoin. I still like the coin but its looking bleak.

Annonce was in the same day.
http://2.bp.blogspot.com/-IUFH3BIx2D0/Uvy5fVT6w3I/AAAAAAAABQE/rngzT7dYCOA/s1600/WDC.jpg

If Sharmbeck will not work, no problem. Will be another investor.
WDC is great currency !

Great compared to what? There are about 400 better coins now without a huge scandal surrounding them. 3 strikes and you are out, they promised awesome and delivered poop again and again and again. Quit falling for this shit, they(Scambeck and WDC fraudation) are a bunch of scammers, how many times are you guys going to lose money?

400 better coins?  Where do you get 'that' information?

After reading the info on that site, i'm scared to keep holding my WDC bag.  :(

And that the charts are now under 20000 satoshi doesn't make it better.

WDC was my first alt coin.

Here is an excellent post of one active member in WDC community http://worldcoinforum.org/topic/1427-debunking-the-wdc-scam-accusations/

"Accusation # 2: Scharmbeck or UNOCS

Many people claim Scharbeck equals to WDC. This is as ridiculous claim as claiming bitcoinstore.com equals to BitCoin, or Mt Gox equals to BitCoin or Credit Suisse equals to dollar."

This is complete BS. The Bitcoin Foundation never pumped bitcoin by advertising bitcoinstore.com. The majority of the board of directors of the Bitcoin Foundation doesn't run Mt. Gox. In fact, the Bitcoin Foundation very seldomly promotes new services. Any time they have in the past, it's been very low key, and just listed them on a website. On the other hand, the majority of the Worldcoin Foundation ran Scharmbeck, and hyped it up at every opportunity. And the fact is, the Worldcoin Foundation banked nearly the entire future of Worldcoin on one "seperate" corporation.

Nobodies disputing the connection between Scharmbeck and the Worldcoin Foundation.  The dispute is that Worldcoin AKA WDC is a virtual currency using a decentralised cryptographic network and yet inconceivably people still say it's connected like it's at fault.  Worldcoin did nothing for no better reason, that is incapable of doing anything other than simply existing.  

I think your point about who was on the board of the Worldcoin Foundation Vs who was on the board of the Bitcoin Foundation is unimportant.  Any board member who has a direct conflict of interests on a board (whichever foundation) is in a position where they could take advantage of it.  1 person, or 3.  It does not matter.  As for your assertion that Bitcoin Foundation did not do anything to promote Mt. Gox, well although i can honestly say i do not know they did not, i can also say i find that highly unlikely.   Even a report on Mt. Gox on their site is advertising, and i'm sure they would have done it somewhere.  But that's by the by because i don't think there's anything wrong in that, who is on the board however, is another story.  

~~ Xodianbarr ~~

Scambeck is a truck!!  Despite your evil-doings mister or misses, WDC still seems to be thriving!  It makes me wonder just how successful WDC would have been by know where it not for all the scamsters and hucksters stealing everybody's coins on these bogus ventures.  I really doubt that it will be able to survive another UNOCS or Scam-beck level hustle however which is a shame because all in all I kinda like WDC.

*will be interesting to see what scambeck manages to come up with from his ivory tower of Scammish or if he's just planning on continuing ghost protocol.

Is there still no news on this?  No announcement? 

Who can think SBFS was anything other than
1.) Scam
2.) Helmed by morons unable to run a business
3.) Both
?

Seriously doubt there will be any forthcoming update(s).  They have to wait for more noobs to come on board that don't know any better.  Then I suspect there will be some Scambeck-v2.0 that comes about!

Investing in SBFS you might as well shoot your satoshi's to that great big NULL device in the sky!!

*Last ditch effort by Scambeck to drum a few more satoshi's out of people?

Just tweeted by Scambeck 6 hours ago:

"@scharmbeck 6h

http://scharmbeck.com  may go offline for 30 days or more after 01 March. pls withdraw WDC funds that you have on deposit before that time"

I may be the only guy on here who held on to his scharmbeck shares but they just paid a paltry dividend, no announcement.

So. . . yay for bagholders, I guess?

Unfortunately for WDC shit sticks.

Yay!!  Guess I wasn't alone in my steadfast loyalty...not much to be said for our resulting bottom lines though eh?

I'm not an attorney, but I did consult with one and it's likely that their cryptostocks offerings were noncompliant.  People who invested should file a complaint with the SEC.   There is the potential to get at least part of your money back.

If I even believed this part just a little bit I would probably go through whatever process I needed to to notify the SEC but I have a sneaking feeling it wouldn't really get anything accomplished.  Have you ever tried filing anything with SEC under similar circumstances?