Bitcoin Forum

Economy => Scam Accusations => Topic started by: tranthidung on March 14, 2019, 05:16:15 AM



Title: [Accusation] Another scam PoS/ MN project, Erotica.
Post by: tranthidung on March 14, 2019, 05:16:15 AM
The Erotica project started on March 10, 2019, 11:14:48 PM (its ANN topic publishing day), there (https://bitcointalk.org/index.php?topic=5119161)
Archives:
- Website: https://archive.fo/72q7F
- ANN topic: https://archive.fo/S8rTB

Why I open scam accusation on this one?
(1) Hidden premined
The part for specifications of coin presented on its website does not mention anything about premined coins as well as in the ANN topic.
So, what I found when looking at Erotica explorer?
Typing 1, then I got:
http://95.179.206.24:3099/block/0000054c7355079efbcbd4b0d48d0c33ff8ada74ea334792233b89858b141c70
69k coins in hidden premined.
Those coins equal to 1% of total supply (69k / 6.9 mil)

(2) Incorrect block rewards presented.
The coin specifications show 6.9 ZTA per block, but it is incorrect number.
I spent minutes to check out, and found:
- For block from #2 to #601: only 2 ZTA coins per block
http://95.179.206.24:3099/block/0b310be31812c5bb3efb4fb3e99a8ac819c132d4f735f54651579278a5b9828b
- From block #602 till now: 6.9 ZTA coins per block
http://95.179.206.24:3099/block/c8e13940741752e9ff229aa0891d7f6264b0818f29fd49607e6c88e97cf3d35b
If there is instamine mechanisism implemented, it should be mentioned transparently.

(3) There is no whitepaper at beginning, or even 4 days after launched
It is a serious issue, and risky because it's hard to see sucessful project that launched without Whitepaper.

(4) There is no transparent usages of premined coins.
Maybe due to they thought that no one found those premined coins (69k)

From all four reasons, I opened the scam accusation on Erotica.


Title: Re: [Accusation] Another scam PoS/ MN project, Erotica.
Post by: Avirunes on March 14, 2019, 02:51:18 PM
-snip-

Given the info. , it seems more likely a scam and a worthless project- No development plans, no good idea. Anyone can create such site/platform without needing help from investors unless they are giving something unique which shows it as a promising project.