Bitcoin Forum

With the Chinese stance on ICO bringing down Chinese smartcontract platforms, it seems that people have found a reason to pump Stratis.  I'd be really careful - posted some of this before in other forums.

• For a C# smart contract platform (using a language that a ton of people already know well), development community and technical talk in forums is non-existent (look at early Ethereum technical discussions in reddit, there is NOTHING anywhere for Stratis)
• the CEO talks a lot of fluff and provides virtually zero technical knowledge
• there seem to be like maybe 1-2 developers behind it, that's it
• the full node has been downloaded maybe by a dozen people, total number of downloads for all versions is tiny for a top #20 crypto
• virtually non-existent communication from the development team
• a lot of non-technical people who seem to have bought it pumping it with fluff articles, blogs and youtube video
• Hype about releasing Breeze Wallet pumps up the price months back, then never released, then release hype then delay, months later we get hype again

Also this guy did a really good research on a lot of red flags with Stratis, you should read it:

https://cryptoizzy.blogspot.de/2017/06/stratis-coin-redflags-abound-in-short.html

I cannot tell if this is FUD or legit....straits was always one of my go to coins but its performing like shit lately

I'll be watching this thread

Man, this really sucks specially for me who like the concept of stratis i really saw potential on that coin. But as what the guy on top said, it has been acting bad lately. I was thinking of putting some money into it and investing. But now im having second thoughts. I'm gonna watch this thread. And do my own research about this.

Yeah, I am not saying don't buy it.  Just saying be careful, do hard research and make your own decision.  It pumped all the way past $10 before and could easily do that and a whole lot more.  But I don't think that would be due to the technical solution it provides but rather to pumping and speculation.  

Thanks for the reminder.  I think for a trader that trade for several months and year, he is ware of whats happening. We are familiar of this pump and dump scenario and in addition of this Chinese banning of ICO's I think we should be very careful. We do not not want to end up as a bag holder. Good luck to everyone, do your own research. Knowledge is power. :)

That analysis says the following.

That is obviously FUD  ::)

Does that person truly believe the founders own most of the coins?  Really?  ::)

the reviewer also goes on to say.


Stratis is one of the only projects to actually get a paying customer. So that reviewer was clearly off the mark.
Can anyone here name another project with a paying business customer?


https://cointelegraph.com/press-releases/earth-twine-and-stratis-partner-worlds-first-seafood-dedicated-blockchain

thank for information you share. But for me stratis still is a good coin for invest and do some project on this platform. Sometime not because money or profit. Just because I love C#

Yep that looks like a crazy conspiracy theory. Does the author have any evidence that the founders and members of the organization own most of the coins?

No, he provides no evidence.  It's just a crazy idea with no evidence which makes me question everything he says.

He didn't do "good research" he came up with some nutty "conspiracy theories".  

I agree with these, I'm not sure about the others.

These are all pretty normal. These are legitimate strategies that developers of a certain project or coin can use to boost their coin's value. At the end of the day, Stratis remains to be a good project. This is not a shitcoin unlike so many others out there. Moreover, this is not a pump and dump coin either. I am trusting Stratis!

really. how 2 dev can do a lot of thing @.@

So Stratis starts going up...and what happens. Some newbie on the forum suddenly appears to "warn people". Out of the goodness of his heart. Who believes such crap?  ::)

the world is full of deceitful people and some of them are whales who open sock puppet accounts so they can FUD and buy low.

Who really believes that newbies  just appear out of nowhere with only other peoples good at heart?

Stratis is one of the coins I had been holding on to for a couple of months but lately I'm having doubts with this coins. Its like it is not going anywhere, but I still hold on to the hopes of this coin to pump sooner. Waiting for something better though.

The price of Stratis has been hit pretty hard the past month or so and this is not a pump.  It's just a natural price increase since it is very undervalued.  It has yet to pump and is destined to when the releases are out.  Better get back in if you sold at the bottom.  Stratis is the future!

we have heard this so many times on numerous threads, on their slack and lot of other places but when will this ever happen?
this coin is going nowhere. i personally hold lot of stratis but i will never sell in loss so just waiting to even out so i can invest into some other profitable and productive projects/coins.

You always need to be careful of every altcoin. All the owners and founders want to do is convince you to buy their coin and soon enough they will dump theirs and essentially stealing your money from you.

Come on, just take a look at their website and the info they offer.  I think the only thing that helps them going is good marketing. They offer a light technical details presentation which explains what blockchain is and how mining and proof of stake works. They don't say a thing which makes them different from bunch of other coins. Oh, and they name Poloniex, Chengelly and Bittrex their partners, but come on, these are just exchange websites that accept the coin, I don't think it is really what should be called partnership.

The only thing I dont like on stratis website is not enough tutorial for this coin. Even it have many language

Everyone says that the price of Stratis will rise but on the contrary, Stratis is experiencing a steady decline.

I'm starting to lose confidence in Stratis. I do not think you will make a profit in the short term, but the long term will be profitable in Stratis like many coins.

Hope you enjoyed your natural price increase  ::)  I think people need to read Theymos list of coins with some technical merit. 

https://bitcointalk.org/index.php?topic=2095328.0

The list is pretty much empty.  He doesn't have time to research it all but every time you look deep into a coin it's either:

• Pump and Dump
• Vaporware
• Hype and Speculation based on a tech that can't deliver
• Riding the coattails of Bitcoin's success

Stratis is already too high. I dont thin its going to pump again in one year. Stratis has given 600x againt dollar from its initial ico price. Its time to o5her alt coin to pump. I think next altcoin to get pump is cindicator. It is very good fundamental project.and really usefull for trade.

Thank you for your research on Stratis. It will save me a lot of time when I'm doing my own. Now I've already cooled down on quite a lot about the option of investing in Stratis...

I've never looked at Stratis like this. Interesting indeed.

Edit: I have just read the info here - https://cryptoizzy.blogspot.co.uk/2017/06/stratis-coin-redflags-abound-in-short.html

I tried to paste it in their Slack to get some devs to answer it but the Slack seems to have banned the pasting of that link....

RED FLAG for me.

It is easy to discern FUD from legit concerns, most FUD has no backing or a research done, its just a person or group of persons trying to manipulate the market, I think the OP is just concerned about this that is all, the points that he brings are good and should be noted by someone that wants to invest in this coin.

Good points, but careful you do not read too much into them. If you look hard enough for something, you will easily equate facts as evidence to support what you want to find. Objectively, some of these points should be a red flag, but if you look at some of the alts we all know and take to be "good", they share some of the traits. Leaders with lots of fluff. Check. Only 1 or 2 devs. Check. Constant delay on roadmap objectives, and then conveniently forgetting, check.

Happy you didn't lose any money.  Enough research probably shows most coins are scams or vaporware.  Nobody has enough time to research them all so it'd be great if people share their research.  Anytime you do that you get called out for creating FUD which is sad.  

Sure someone is making a ton of money when a shitty coin pumps but someone is also going to be losing a ton of money.   I can't  believe this coin had a BILLLION dollar marketcap in June  :o 

thanks for informations i wish i could see it earlier. i loved stratis but i lost my trust 1 month ago. there isnt any development. things are going realy slow. probably i won't buy it again.

And even if it pumps it is not going to be anything close to what the early investors already got, when I see a coin that already pumped like that I just move on, there is no point in investing in a coin like that, you are just going to lose your money, especially if you invest right now with the current price that is too high.

strat and waves are so same.

i am hodler of these coins. and everyday i swear to this situation.

i think best is buy sell for these coins.

Move on to other coins unless you can make 5x to 10x in a year.

If this Vaporware coin falls below $1.00, I'd speculate with some money hoping it pumps but you don't bet on a coin with vaporware technology and hope it has a future.  If the "tech is great" at least it would draw some developers to it. 

Hope STRAT will get a pump soon. I own just a small amount, and it dropped pretty much since. Sure there are better platforms these days. But hopefully team are gonna announce some big stuff in near future and we can push it some higher.

Well, I guess it's pumping again.  It seems a lot of bagholders really need to pump this to dump it and cut their losses and are making people believe they are getting this cheap. 

The current selling price is really low and I'm thinking of buying some more Stratis. I think the price will definitely be valued.

Waves and Stratis are my favorite.

this anti strat fud is funny, i hope you all bought the dip cause stratis is amazing  8)

Stratis is getting close to its last major bottom in July and in a great price zone to buy
if anyone  wants too. Hopefully will do well once next major alt rally starts after Oct 25.

classical pump and dump... Stratis why you do this!! I am caring heavy bags, when alt will moon?

FUD?  I started this thread on September 10th when Stratis started pumping back up and reached around $6.00.  I was warning people not to buy.  It has been dumping every since and if you spent your money buying it at $6,  $5, $4, even $3.50 calling it a dip, you lost money.

This is literally the best part  ;D ;D
Dude, go check the Github and come back with real arguments... WHAT A FUD

I completely agree, Stratis is not such as the other pump and dump coin. It has the potential to be used by people when it is fully developed. Stratis is that coin in which you invest your trust as well as your money

Well, it's one of the projects that I've researched well and it makes me sick to see people continue to pump this shitcoin and lose their money.  I can't believe people bought this at almost $11 and it had like 1 Billion, top 10 marketcap  :'(

It is still too early to judge a project just because they are delayed on the date they are promised. As long as they are doing their part to improve their project, it is fine. In every project there is no perfect development.

How stupid are you guys? Pump and dump... you can say this about bitcoin too? The only thing which matter is that there are people behind something and working 5 maybe 6 days a week for it... you better leave crypto world.
When the work is done and there is a real good product the price will reach a new alltime high (up and down)
And at this moment guys like you shut up and never say congratulation but back when the price is going to fall what is natural

1. You can't compare the developer community of the 2nd largest crypto that has been out for a full year longer to Stratis. It's like saying LISK is written in JavaScript, and JavaScript is more common than Solidity, so how come LISK doesn't have more devs than Ethereum? The development community needs to be built up as any other project would need to do when their code is still in progress. Further progression of releases and dedicated guides to developing Stratis (which are coming soon) will attract a wider audience to want to develop on the platform - it just takes time.

2. This is more of an opinion from your end rather than a fact. Initially when Stratis started, the team was literally 1/6th of what it was today and Chris WAS one of the main devs for Stratis. He comes from a Software Consulting position prior to Stratis with a background in software development. But hey, don't take my word for it - https://theviralexchange.com/ (https://theviralexchange.com/) look at what this 'fluff talk CEO' developed all by himself.

3. There's more than 3 devs listed on the team page of the website with many more that aren't mentioned. The team should really update the team list because Krushang mentioned they have 12 full-time active devs on the project.

4. You picked the least downloaded item available to the devs on purpose. Have you looked at the Breeze Wallet Master branch and how many times that has been pulled? There is a dedicated community of volunteer testers in the slack who have been actively testing. It's hard to find volunteer testers in any software project mind you, but just because it's not on more public social media sites like Reddit doesn't mean it's not going on. Slack is the easiest way for testers to reach the devs so they congregate there to test. This doesn't include the list of active testers for the Stratis Identity mobile app which is just rolling out to iOS this week after being in beta on Android for over a month.

5. Again, virtually nonexistent in terms of what? There are more than a handful of dedicated development channels where the Devs are active and communicating with the community to ask questions.

6. This can be said about virtually every coin out there. The reality is crypto is 90% of common traders/investors looking to make a quick buck, a fraction of the remaining 10% are devs. You can take a look at any crypto community and see that the majority isn't thriving with eager devs ready to develop on code that is mostly unfinished or in testing phases for free, so that can't be an argument only pertaining to Stratis.

7. The delays definitely hurt, tumblebit proved to be more time-consuming than originally planned and the planning could've been better - I don't think anyone can argue with that. But Breeze is not the only component to Stratis nor is it the only thing they have been working on. You're ignoring the other components to the platform that have made progress by being in Beta (Stratis Identity), Stratis Full Node (close to completion), their ICO Platform which they have already started doing internal demos on: https://imgur.com/a/f36UU (https://imgur.com/a/f36UU) with more details of its functionality provided by the CEO https://twitter.com/Khil0ne/status/915311156268556288 (https://twitter.com/Khil0ne/status/915311156268556288). If anything people have been saying the opposite lately about this project that they haven't been hyping enough.

With regards to that article - old news. Half of his points are debunked and proven to have aged terribly considering that this fud 'article' was written back in June.

I'd advise you to ask more questions, there is an active community that would be more than happy to fill in any gaps you have regarding to Stratis.

Can't say better than CompScIron said. Well said bro.  ;)

I doubt there are only 1-2 developers behind Stratis. It has become too big to rely on just two people, let one one person. Development is not just about programming, it is about marketing, it is about administration, it is about communication. One person on a project is achieveable when it is a hobby, but Stratis looks like a full time project that requires dedicated attention. The price movement alone tells you that.

Pumping though I agree should raise some caution among everyone!

1. I was comparing the Stratis developer community to early Ethereum.  Stratis has nothing.  No developer community at all.

2. Chris (CEO) comes from a software consulting position?  Wow, so impressive!  He doesn't even have a LinkedIn page showing his background.  We don't know his background.  That site he built is a nickel and dime site that could be built by Wordpress.  You mentioned Lisk and if you look there are a lot of Lisk developers who have pretty impressive LinkedIn profiles.  Chris talks fluff and sounds like he should be running a corner shop in the UK.

3. I could care less about # of develoepers listed.  Check Github, Dan Gershony looks like he's done the majority of the work.  After Stratis hit $10+, his profile changed to smoking a cigar so he's probably already made his millions and could give a rats ass about Stratis.  That's probably why nothing gets done now.

4. You are excited about the Breeze wallet?  It was supposed to be released in May.  Then June.  Then August.  Now last day of October and it's still Beta.  People are really falling for the scam that you get enough Stratis and you'll be tumbling shit and earning Bitcoin.  Are people this stupid? 

5. Stratis strategy has always been, hey we have nothing, no community, etc but look go to Slack, it's all there.


This scam coin got pumped and dumped again.  People lost money again.  Hopefully some of the bagholders got out in the pump.  Do your research. 

I'm also very worried about Stratis.

I will reply as a team member of Stratis since May 2017.

1. Don't follow you? Do you know Stratis Academy? You'll know it soon.
2. My favorite point. What a bunch of wastes. Let me know where you can see the creation date of a Linkedin profile. It means absolutely nothing. Btw, here is mine https://www.linkedin.com/in/benoitphilibert/ (https://www.linkedin.com/in/benoitphilibert/)
3. This point is absolutely lovely too. Do you know Jeremy? Pieterjan? Nicolas Dorier???? Dan is the LEAD developer. He's the one who check all the stuff the others did. And about the pix of Dan...lol...pure trolling. 3 words before you're talking about code, then about a profile photo...whou...  :-\
4. Should you excited to see a product launched at the expected date full of bugs?
5. ?? Do you know the blog? Twitter account (60k+ followers)? Slack with more than 10k members too....

Do you know what i can hear from you mate? Someone who has invested and sold at loss. Nothing else and no real "research".
Please, as you told it very well "Do you research".

Something more only for you mate, for your research :

• https://github.com/bokobza (https://github.com/bokobza) https://www.linkedin.com/in/jeremybokobza/ (https://www.linkedin.com/in/jeremybokobza/)
• https://github.com/dev0tion (https://github.com/dev0tion) https://www.linkedin.com/in/pieterjan-vanhoof/ (https://www.linkedin.com/in/pieterjan-vanhoof/)
• https://github.com/NicolasDorier (https://github.com/NicolasDorier) https://www.linkedin.com/in/nicolasdorier/ (https://www.linkedin.com/in/nicolasdorier/)
• https://github.com/nopara73 (https://github.com/nopara73) https://twitter.com/nopara73 (https://twitter.com/nopara73)
• https://www.linkedin.com/in/francois-de-la-rouviere-b3b04b8/ (https://www.linkedin.com/in/francois-de-la-rouviere-b3b04b8/)