Bitcoin Forum

Scam Summary

Nilesh Nair an undischarged Bankrupt employee of a small town security camera business and middleman exporter/salesman of agricultural commodities is currently posing as a Director of a $multimillion/billion global corporation, in a bid to dupe a group of gullible investors out of Bitcoin.

The scams fronted on this forum by Bohan Huang (true-asset), Director of TrueHD another local security camera business in the same area (Rydalmere NSW) by the claim that Mr Nair’s business GES HK, along with three other shell companies, are backing the price of a crypto currency with the commodity Urea, thus setting a predetermined price indicator.

-add solicitors advice if legal to be ceo/director of a company in HK whilst undischarged from Bankruptcy in another jurisdiction.

Intro

I did not start my due diligence on this scam as a diligent investor, but because the underlying idea is so laughable I felt sorry for gullible investors and realized, the positive market reaction this scam was receiving could have a serious financial impact.

When I first became aware of this two weeks ago, I only imagined it would take a day to convince people that this was indeed a scam, as it was painstakingly obvious a) you can’t back a cryptocurrency with an asset as described and b) The notion 4 large business not involved in producing Urea have agreed to buy minimum of $3.5m lots of Urea for their customers, on an ongoing basis, in exchange for worthless experimental digital tokens is insane!

At the time of writing GES claims to have agreed exchange of $50million worth of Urea throughout the course of the coming year in exchange for Urocoins!

The market participants have shown mind blowing levels of denial, inept; investment skills and understanding of basic market and business principles.The level of denial has only made me more interested, several members here including myself have presented them with a flurry of basic due diligence that undermines this scheme, yet has been brushed off as fud!

As I described in a twitter post it’s like watching an entire forum of people simultaneously fall for a Nigerian 419 scam. I’m now under the impression that market participants would still be in denial given a signed confession so take this post as a bullish indicator!

I’ve been patronized, accused of being a troll and paid fudster, yet have nothing to gain from this except the increased likely-hood of being stabbed by Australian Criminals.

I think it’s ethically wrong to turn a blind eye to scams, picking on the mentally incapable and vulnerable people around us. How would you like it if it was your idiot friend, sibling or child being conned?

During my time looking into this I’ve heard of people “investing” up to 50 Bitcoins as well as starting community pools to get their own shipment of Urea! Even true-asset has attempted to start a community pool on one of Max Keisers crowd funding platforms, whilst trying to leverage Keiser for legitimacy!

Nearly every single point made in the Uro proposal is recognizable nonsense or can be dis proven with credible evidence.

Main Conspirators
 
The main conspirators in this scam are Nilesh Nair an un-discharged bankrupt in Australia since September of last year and CEO of Green Earth Systems Limited incorporated in Hong Kong in late 2011. He previously ran a business that involved personal and psychic investigations as well as CCTV equipment, this business is in the late stage of insolvency proceedings.

-http://www.docdroid.net/f94l/bankruptcy-search-1.pdf.html (http://www.docdroid.net/f94l/bankruptcy-search-1.pdf.html) (bankruptcy search on Nilesh shows bankruptcy filing on 26th September 2013)
-https://insolvencynotices.asic.gov.au/browsesearch-notices/notice-details/Impact-Investigations-and-Security-Pty-Ltd-083449576/99c2627a-3fde-4e77-a3ad-8ba9cf6e577c?appointment=All&noticepurpose=All&acn=083449576&noticestate=All&archvd=0 (https://insolvencynotices.asic.gov.au/browsesearch-notices/notice-details/Impact-Investigations-and-Security-Pty-Ltd-083449576/99c2627a-3fde-4e77-a3ad-8ba9cf6e577c?appointment=All&noticepurpose=All&acn=083449576&noticestate=All&archvd=0) (winding up notice, indicating late stages of insolvency proceedings against impact security investigations Pty ltc)
-https://web.archive.org/web/20130524130454/http://impactinvestigations.com.au/ (https://web.archive.org/web/20130524130454/http://impactinvestigations.com.au/)
-http://www.picpaste.com/hkcompanyreg-McxRuErl.png (http://www.picpaste.com/hkcompanyreg-McxRuErl.png) incorporation details for GES HK
-http://www.scribd.com/doc/235214148/PS300016750373-01-Annual-Financials-2013-Amended (http://www.scribd.com/doc/235214148/PS300016750373-01-Annual-Financials-2013-Amended) shows their head office in Hong Kong is in fact the virtual office of the company they used for formation, also shows Nilesh is sole director and shareholder of the company.
-https://www.youtube.com/watch?v=0oDsxU2hlx0 (https://www.youtube.com/watch?v=0oDsxU2hlx0) for the lulz recently made video Nilesh Nair introducing Uro and below talking about values!
-https://www.youtube.com/watch?v=EtWRsprcf3o (https://www.youtube.com/watch?v=EtWRsprcf3o)

Shankari Nair, The Director of Green Earth Systems PTY LTD Australia incorporated in 2008 and Nilesh wife.

-http://www.scribd.com/doc/234257360/2-d-3330353534313239313 (http://www.scribd.com/doc/234257360/2-d-3330353534313239313) (incorporation document showing date of filing)
-http://www.scribd.com/doc/234257362/373735303733393837343 (http://www.scribd.com/doc/234257362/373735303733393837343) (document showing Shankari Nair as full shareholder)
-https://web.archive.org/web/20080724172404/http://www.greenearthsystems.com.au/contact.html (https://web.archive.org/web/20080724172404/http://www.greenearthsystems.com.au/contact.html) (webcache showing evolution of CCTV shop since incorporation in 2008, completely contradictory to wild claims such as donating $3.4m per year to rural farmers in 2003 shown on todays site!)
-https://insolvencynotices.asic.gov.au/browsesearch-notices/notice-details/GREEN-EARTH-SYSTEMS-PTY-LTD-132561132/e210ae84-3d23-4448-a2d0-6c2e218ee440 (https://insolvencynotices.asic.gov.au/browsesearch-notices/notice-details/GREEN-EARTH-SYSTEMS-PTY-LTD-132561132/e210ae84-3d23-4448-a2d0-6c2e218ee440) Insolvency notice posted two months after Nilesh Bankruptcy

Bohan Huang public voice of the scam through Bitcointalk, IRC #uro and the Twitter Account of @UroFoundation and more than likely @GESystemsgroup, he goes by the pseudonym True-asset, and claims to be currency development officer of the “Uro Foundation” (in quote marks because a foundation is the name of a legal vehicle/entity and although in vogue, you can’t just start calling yourself one if you’re not!).

-http://cdn.imghack.se/images/ac000bf99d3289cf0de98fdd4c25f26a.jpg (http://cdn.imghack.se/images/ac000bf99d3289cf0de98fdd4c25f26a.jpg) a screenshot from Bohan on webcam and at a tradefair! spot the difference!
-http://videobam.com/viFLA (http://videobam.com/viFLA) 30 minute its not a scam rant/not here to teach you about markets!

Their are several other people playing smaller roles in this scheme we’ll cover as we go.

Proposal Summary

This idea was first proposed on May 8th 2014 by true-asset https://bitcointalk.org/index.php?topic=600639.0

To setup a Distributed Urea Exchange for the efficient international trade of Urea backed by digital tokens stabilized to the value of Urea.

The Uro "Foundation" claims to have an agreement with several international Urea trading partners to back each unit of Uro with 1 metric tonne of Urea. This agreement is in the form of the Uro Protocol, which was signed by all 4 board members of the "Uro Foundation" on 09/06/2014. The Uro Protocol and the accompanying signed documents can be found on the official Uro Foundation website.

Flaws of pegging a virtual currency to a commodity

Given that the fatal flaws in pegging a virtual currency to a commodity haven’t been relevant to the discussion (since it’s an easily provable scam) I haven’t touched on them yet but will try and handle them briefly here.
Although this subjects been explained by people far more intelligent then me over the past few years on Bitcointalk, I can’t be bothered to search through the sea of stupidity this forums become to find the posts! I’ll have a stab at a few obvious reasons that stand out in my mind. However if you’d like to search for more acedemic reasoning i’d suggest the original Mastercoin threads or try Daniel Krawisz insightful post here http://nakamotoinstitute.org/mempool/mastercoin-is-a-nightmare-of-insanity/

If a market participant sees the level of sales is exceeding the depth and velocity of the market to the extent they can clearly predict their investments going to drop they wont bother investing in the first place causing an avalanche effect with those at the top of the market fearful of being dumped on.

A fixed supply of Uro coins on the free market means there’s no reason why a purchaser could ever acquire enough coins to meet a minimum order, on Bittrex the most liquid exchange there’s only 10.5 Bitcoins worth for sale at the time of writing this, even given the exceptionally cheap Urea price they’re claiming, this is no where near sufficient to complete a minimum order.

The closer you get to the spot price of Urea the more the market will know they are going to get dumped on, again creating an avalanche effect on the price., even if the price held at 1% below the spot price it would completely undermine the cost savings of the scheme.

Credibility of GES

-site is registered to ex-employee
-An insolvency notice has been filed against them
-unnecessary and flawed business model, people buy direct from producers through alibaba etc and use shipping brokers.
-If business was used then they couldn't charge much as organizers of orders above cost of purchase of urea + shipping.
-used a customer bank comfort letter to validate their business, but claimed it was from their HSBC bank reflecting their funds (despite being on headed paper!!!)
-Terms of contract show they need no capital or skill set to run this business as slow delivery times after customers payment has cleared.
-registration dates contridict nearly all news on their site (i.e. $3.4m to rural farmers years before incorporation)
-No news reported on their site has ever made it to press (only news outside their site in their history is a science blog thanking them for an image they pulled off their site 2 years ago!)
-phone numbers don’t work on their website
-site contact us full of fake numbers and addresses
-have repeatedly said to contact hong kong, yet hong kong number and address don’t exist (hong kong address listed on their site is that of their formations company.
-Head office listed on their site for Australia with find us map is a virtual office unlinked to them, one tel no disconnect the other goes through to CCTV shop in rydelmere.
-a non existent company ISC (no one knows what this stands for) reformed as GES in 1996! when probed about discrepancies between incorporation dates and news on their site!
-add voice recodings

Credibility of URO foundation

-cannot find any supporting evidence this is a registered foundation.
-hugely flawed plan
-true-asset works as Director of Truehd a security company in the old business premises of Nilesh now insolvent Impact Security Investigations.
-Facts about Urea price discrepancies and fluctuations are untrue, urea has a spot price even on recent 1m ton IPL order price break was only around 8% under spot price.
-Facts about cost of using banking systems are untrue.

It's a good thing your post isn't biased in any way.

hahahahaha

plz dont buy uro, so i will get more

Hi Truthful, dont forget to change your account to the other fudder acount, this one is to help him support his claim.

Yeah that certainly sounds like you're coming from a neutral perspective.

the man is telling the truth, nothing but the truth.
He is providing facts and legit documents (if you do not believe, buy it..its there)

All you do is keep showing the URO Protocol which is standard contract (as somone from URO community said as I asked about bank information) and some website where it says we support Urocoin...oh yeah and show some old documents from 2012 and link your documents to Twitter account.

But did you ever see one payment document (invoice/billing) done with UROCOIN? No!!! How comes?

Have the shipments arrived yet?

Is he coming from a neutral perspective? I expect him to tell the truth. I also expect him to come from a neutral perspective. The latter isn't so we're already at an impasse.

Thank you, come again.

It's a scam ROFL! another group of suckers heehee...  :D

we have seen confirmation (twitter) about first shipment but never saw the payment (invoice/billing) which shows that the transaction was done in URO
Meaning if the order is fulfilled, there should be invoice, right?

If I'm not mistaken the actual invoice is held with mercantile exchange in Hong Kong.

great! so why not show it to URO traders, those who invest money into that coin.
Is twitter the only "legal document" URO Foundation will always share??

I don't know the information freedom in Hong Kong when it pertains to their commodity exchanges. I know in the US everything is done in a database and the invoice is sent with the shipment because as I stated before (please try and comprehend) any large commodity shipment is not paid for until the shipment arrives and is inspected and approved. The invoice is then paid or the shipment is sent back if it doesn't meet the inspection standards. This can be caused by anything and it's not always the fault of the supplier. Accidents can happen in shipping, or delays can be met with for whatever reason.

aLTCOINPLAYER is the one who keeps saying this coin is LEGIT and its not SCAM but in his article he writes:
"Even if Urocoin is a scam, you can make a huge profit."  Meaning, who cares about UREA, who cares about farmers, we just want this coin to make profit.


http://altcoinplayer.com/if-urocoin-actually-were-a-scam/ (http://altcoinplayer.com/if-urocoin-actually-were-a-scam/)

I'm sorry, what? I can't hardly hear you. ;)

The money comes from the early sellers.

They are subsidizing RIVAA's huge initial profit margins.

RIVAA gets to buy from the miners at a huge discount. Who do you think is selling the URO coin?

RIVVA then pays for Urea from GES with URO coin. GES has to float the loan and send the Urea to RIVAA. The minute RIVAA signs off on the shipment the price of URO climbs exponentially. GES can then sell their URO to the real buyers of the coin and get their fee.

Where does the farmers get hurt? If anything RIVAA can give them a huge discount because they bought cheap ass URO from dumb ass early dumpers, and auto switcher pools.

My god Gugli, you are so dumb.

;D ;D ;D ;D :D :D >:(

whaaaat? I am dumb? why do you put RIVAA in this whole thing?
URO FOUNDATION wants the farmers to be able to buy UREA anytime they want, right?
They want to setup the exchance process for farmers to exchange Urea into URO.

Now, who is dumb??

and to you your question, where farmer gets hurt..read this article
http://altcoinplayer.com/if-urocoin-actually-were-a-scam/ (http://altcoinplayer.com/if-urocoin-actually-were-a-scam/)

 ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D

How do you even have enough brain matter to keep breathing?

typical answer from URO trader when he does not have an answer. dumb!

You didn't ask a question, but I did make an assertion, and it's pretty accurate.

Dear FUDers

I really don't understand the purpose of this forum and why you are trying so hard? You say that we are saving people from getting scammed, right ? What happens when people are scammed? They loose money,right ?  But because of your stupid obsession many people are already loosing money. What is the difference between you and scammers? Why don't you get a life, people got your point.

On one side we have newbies with hidden identities and on the other side we have all identities behind URO. They have official documents, they have websites running, business on their names, they are using names of big organisations, they have good business connections on LinkedIn and you still think that people should believe you. Lol. I don't understand how they are scamming?  There was no premine, no instamine, it was fair launch and all the risk is on GES because if they don't deliver Urea, they are breaking a contract , which means they can be easily used by organisations like RIVAA and Lakhani.

If you have even a bit of self respect left then stop this, as you are not getting anything out of it, in fact you are the reason for many people who are in loss, fortunately I am not one of them.

Pls note! I do not care about dumb traders like you losing money. Trust me, I do not!
You are not the reason why I am doing this. Got it? ok..now we can move on, right?

Hahahaha, I really feel pity on guys like you. You did not even talk about one fact, instead talk bull shit, now that's called "Dumb" .

Refer to my long OP on this thread and quote things I've listed that aren't facts about GES or Uro!

I don't want to refer to anything, I have long list of such contracts and details from Nilesh and Bohan. They are risking everything on this project. If it is proved Scam then they may have to spend their whole life in prison but what about you we don't even know your real names. Risk here is very little but rewards are quite high and if you are not able to take risks then you don't deserve to be in bitcoin community.

you mean bullshit??

since you are so worried about Nilesh and Bohan, you should go and chat with them, not with us.
Or do you think, we will send you our Fud-Profile with name number and picture? GTFO

See how irritated you people are, hahahaha . You seriously need to get a life.lol. Of course I will do what I want to, after this conversation with you and Chang I have already decided to put 5 BTC in URO.  You are nothing just a bunch of losers barking like street dogs. And yeah you call it right thing? Hahahahah, you dumb and poor soul, there are so many coins that are burning people everyday like Elite, USB,conceal etc, use some of your energy there may be you will help few people there. Nobody has lost money in URO until now and to get the price higher 1000s of BTC is needed, do you think people investing millions in any coin have time to read you bull shit. LOL. They have their own lawyers and employees to find the right investment. You are not helping anybody just wasting your time, if you were so concerned about community, you could have busted other scams in which people are loosing money everyday. Now I feel more pity on you.

do your thing!

So, you going to ask me a question or just keep farting in the mirror?

Questions for scam accusation:

1.- 14 of july (i dont have the exact date exactly) of july Rivaa purchases 12500+ URO for the shipping (we know it was purchased because Jebus911 saw the accounting on Bittrex account of the customer and posted screenshots and gave faith of this)

2.- Later the 15 of July Rivaa completes the purchase executes the payment to GES (http://uroexplorer.cryptocuttlefish.cc/address/URwAryrK8VfrWGRNLGsoLGHf3sbGdSQXuL and http://uroexplorer.cryptocuttlefish.cc/address/UkTxkgTehxnrrmuUdx8hXre2GyUaeNasbW) At this point GES is in power of 25.000 URO.

http://prntscr.com/47hffa and http://prntscr.com/47hfn8 are proof of it from a 3rd party

3.- on july 10 after Rivva makes the first half of the paument to GES, having in power the first 12.500, They announce the world first URO transaction http://greenearthsystems.com.au/world-first-by-green-earth-uro-for-urea/ driving the price to 0.4 as a top

IF they dumped then, at approx 0.02 its 250 BTC, while the purchase costed 88 BTC (if Rivaa is in on it, would be investment money lets say)
250 - 88 = 162 profit = around 100.000 USD


4.- Posts of accusation against GES and URO dropped the price from 4 millions to 1 million (1 million the bottom till the next day, was still profit for ges, at no point did their coins move from their wallet

5.- True Asset, and GES have continued to proove that they are working on it after more than 4 month.


my questions to the accuser are:

1.-how does the scam work, how do they profit from us after putting more than 170 BTC in only buying URO to keep in a cold wallet.
2.-who are the victims of the scam at this point? is there an accuser who is a victim, or simply random people without name.
3.-do you have EVIDENCE of a scam? and i mean EVIDENCE, not what you would find suspicious behaviour

Last, are you willing to reveal your identity the same way Bohan and Nielesh have done so far?

I've challenged GES (Nilesh Nair) to a 6.35 Bitcoin bet that Uro will either drop by half at close of bet or be unlisted from Bittrex within 3 weeks!

Given that he will know without doubt this isn't a scam and he's just donated $23 million to provide solar pumps to remote ares in Egypt this bet should be trivial!

This bet is a chance for him to put his money where his mouth is and prove this is real whilst making a profit off the free PR!

please, if you take what you are doing seriously, keep serious, dont be a child


i Asked you stuff above can you please answer and stick to the subject ?

In case you didnt see the post:

Questions for scam accusation:

1.- 14 of july (i dont have the exact date exactly) of july Rivaa purchases 12500+ URO for the shipping (we know it was purchased because Jebus911 saw the accounting on Bittrex account of the customer and posted screenshots and gave faith of this)

2.- Later the 15 of July Rivaa completes the purchase executes the payment to GES (http://uroexplorer.cryptocuttlefish.cc/address/URwAryrK8VfrWGRNLGsoLGHf3sbGdSQXuL and http://uroexplorer.cryptocuttlefish.cc/address/UkTxkgTehxnrrmuUdx8hXre2GyUaeNasbW) At this point GES is in power of 25.000 URO.

http://prntscr.com/47hffa and http://prntscr.com/47hfn8 are proof of it from a 3rd party

3.- on july 10 after Rivva makes the first half of the paument to GES, having in power the first 12.500, They announce the world first URO transaction http://greenearthsystems.com.au/world-first-by-green-earth-uro-for-urea/ driving the price to 0.4 as a top

IF they dumped then, at approx 0.02 its 250 BTC, while the purchase costed 88 BTC (if Rivaa is in on it, would be investment money lets say)
250 - 88 = 162 profit = around 100.000 USD


4.- Posts of accusation against GES and URO dropped the price from 4 millions to 1 million (1 million the bottom till the next day, was still profit for ges, at no point did their coins move from their wallet

5.- True Asset, and GES have continued to proove that they are working on it after more than 4 month.


my questions to the accuser are:

1.-how does the scam work, how do they profit from us after putting more than 170 BTC in only buying URO to keep in a cold wallet.
2.-who are the victims of the scam at this point? is there an accuser who is a victim, or simply random people without name.
3.-do you have EVIDENCE of a scam? and i mean EVIDENCE, not what you would find suspicious behaviour

Last, are you willing to reveal your identity the same way Bohan and Nielesh have done so far?

It's too stupid! I can pick apart everything you've said but I've got to waste my time doing, I'll tell you what though If you can convince Nilesh to accept my bet I'll give you a $1000 + my name, address, telephone, a flight to Thailand and even cook you dinner!

not interested in getting involved in any childish thing, but i am interested in hearing your arguments, please break it apart.

you are doing a serious accusation, and should be taken seriously, betting on it is not correct, furthermore why dont you approach the authorities instead of wasting time here ??

By the way, you waste time all day in URO posts :)

Yeah I have been trying to stop, yeah filed a report with the authorities on the 16th.

I can't really argue when you've plucked figures out of your ass, and are asking me for "real evidence" when you're implying the op is not. You also asking who the victims are, I'm not wasting my time answering your idiotic questions, but I'll bump that up to $2000 and no trip to Thailand if you can get Nilesh or true asset to take the bet I've proposed. That bounty goes to anyone btw!

I will try to convince Bohan if I have time but I don't need your money, keep to yourself.

well, so let the authorities handle it.

Nowhere in that press release does it say $23 million was "donated", it's a $23 million dollar contract lol. And I seriously doubt it is going to True Asset himself :p

Yeah you're right, but True asset has claimed to have 88 Bitcoin from the bounty!

Chung, dont answer these questions anymore. We have done it for the past few weeks. They do not like the answers anyway, why taking the time and effort.
We will do things as we spoke (PM) and URO traders does not need to know any of that. Let them swim in their own piss for a while....they will hear the news when time is right.

First of he is Chang not Chung and secondly you can't do anything. Have you heard that quote : Empty barrels make the most noise. You really make me laugh when you say these things. If Chang say something like that may be I think for once but you make me laugh. There is no sense in any of your argument but still say these big things hahahaha.   "The Dumb has spoken" . Lol

thank you, now move on!

what happened to 88 BTC from the bounty?

http://cdn.imghack.se/images/1e20f6eca3d70e31b131b43a54f31f60.jpg

88 btc bounty was fraud.

88 btc use to buy for Rivaa first order accord to Bryce Weiner article http://voin.co/why-paul-krugman-thinks-you-are-evil/

coincidenCE?

BARK BARK BARK
BARK BARK BARK
BARK BARK BARK
BARK BARK BARK
BARK BARK BARK
BARK BARK BARK
BARK BARK BARK
BARK BARK BARK

That's all I hear.

just like everything else is fraud.
ps. Ignore the guests in this thread.

Stupid thing is jebus even showed screenshots showing he spent the 88 Bitcoins http://prntscr.com/47hffa on the 9th 5 days before removing the bounty.

So I take it that was supposed to be for the 12500 order that Rivaa made? that magically later turned to a 25000 order despite being on a 6 month old contract (letter saying there's a contract) showing 25000  ???

uROTRASH

Have a look at this

https://bitcointalk.org/index.php?topic=728924.new#new (https://bitcointalk.org/index.php?topic=728924.new#new)

This post was deleted from the moderated forum..no surprises!

Here are some facts:

1. Nilesh Chandran Nair is Bankrupt. This has not been refuted by anyone. Although some people tried to make claims that the documents from Veda were false!

2. Bohan Huang owns TruHD Pty Ltd and is just as accountable for the corrupt behaviour by helping Nilesh Nair, who will profit the most from this false coin. Bohan Huang is just a front for Nilesh Nair as he probably knows more about the technological side of how to operate a crypto currency. They are both making a fool of you all.

3. There is no office in Hong Kong, never was, never will be. It’s been claimed that there are two other offices in HK, where are the addresses? So can only point to one thing that everything is being run from Australia. Sure anyone can set up a gmail email account. How would you know where the person is replying from? Sure can claim that it’s under the guise of HK GES because it’s registered in HK, but that doesn’t mean a thing because Nilesh Nair is bankrupt.

4. Nilesh Nair resides in Australia and is bankrupt.  How could he afford to have offices around the world and supposedly runs a multi-international company worth millions of dollars?? That just doesn’t add up. Shankari Nair is the director of GES in Australia. Yet it’s been claimed that there are up to 12 other directors?? This is a photo of the Australian Office located at Unit 1, 8-10 Mary Pde, Rydalmere.
https://lh5.googleusercontent.com/-heKHgaYgMNs/UZTUGPfcKsI/AAAAAAAAAFU/OLIJ_aoju7c/s637-fcrop64=1,021d4319fe4dffff/GES%2BOffice%2B2.JPG

5. People who present their views on the so-called coin are entitled to do so. The insane control freaks on the moderated forum prevent anyone from making a comment, but allow themselves to post ridiculous remarks on other forums. They delete other peoples messages to present only their views and attempt to discredit others. Talk about spineless hypocrites.

6.  People like Hopobte and Corather are so good at swearing and bullying other people. Yet when someone swears at them, they act like children in diapers and say that other people’s behaviour is not acceptable. On the old forum they had they swore at people, made racist remarks, made fun of those with Autism and made fun of the law, by claiming they worked for ASIC and on top of that True-Asset (aka Nilesh Nair) threatened people with claims he’ll call the police. If the so-called coin is that good, why go through such lengths??

7. It’s pathetic to say to someone who has lost money on the coin, “Oh well that’s too bad. You should have invested more wisely.” That is bullying in the first degree to try and turn the tables around and blame them for placing some trust in you! You don’t play with people’s trust and livelihood for your own benefit. Isn’t that what a scam is? Suppose you must be a psychopath to make such remarks, as you show no empathy. We all need to eat, clothe ourselves and put a roof over our head. At least some of us do it the honest way and don’t act like parasites living off other people’s livelihood.
So next time an innocent person gets attacked in broad daylight while walking down the main street, you’re going to blame them for the attack??

8. These two forums have tried their best to keep the crypto community safe and to keep the integrity of the crypto world. They are showing that many people who choose to invest in crypto do it for the right and honest reasons. It’s not all about greed, we all need to live right?
https://bitcointalk.org/index.php?topic=687231.1160 (https://bitcointalk.org/index.php?topic=687231.1160)
https://bitcointalk.org/index.php?topic=713983.40 (https://bitcointalk.org/index.php?topic=713983.40)

9. There’s never been any mention of the other NIER’s, what happened to them?

10. Anyone can put together some documents to say that there’s a so–called signed agreement.

11. Anyone can make videos and paint a picture of themselves to be a credible person.  It’s really a sign of desperation.

If everything I say or anyone else who asks questions is supposedly a fudder then answer the questions you’ve been asked! Don’t be a coward and just ignore people.  Go on, be honest with people and tell the truth!

Re: [Moderated] [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea
Today at 10:57:46 AM
Reply with quote  Edit message  Delete message  #1977

Quote from: hobopete on Today at 10:53:10 AM
truthful, you're a coward and a bully along with being a liar.

Truthful's reply
LOL....how?? I haven't deleted your posts, swore at you or presented anything that's false. I'm flattered that you copied my words. Please don't steal people's money along with what they say and please don't twist things to make up a fake story to defend yourself. Not very becoming!

Truthful's reply
You still can't provide answers. Please explain how I'm a fraud and liar. Also you didn't read the post too well, did I criticize people with Autism? One of your pals did on your old forum, remember? You didn't respond too well to the facts! The facts I presented as part of my option to exercise free speech must be factual!

Truthful

Re: [Moderated] [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea
Today at 11:40:03 AM
Reply with quote  Edit message  Delete message  #2011

It is noted that not one single relevant reply has been made to the facts that have been presented. Instead just another round of childish replies and an attempt to discredit the statements from others. Please give us some answers and not a barrage of insults aimed at bolstering your ego.


Re: [Moderated] [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea
Today at 11:41:25 AM
Reply with quote  Edit message  Delete message  #2012

Quote from: corather on Today at 11:30:51 AM
Yep, thought so, incapable of answering a simple question. You're on ignore now also.

Quote from: Guglimugli on Today at 11:32:03 AM
whatever, if you would ignore us, you would not read and answer all posts in other thread.
you cant ignore us, even if you wanted.

Quote from Truthful
Agree with Guglimugli!

[quote author=jessilee link=topic=684972.msg8247248#msg8247248 date=1407499125]
so called 'fudders' trying to push the price down dont exsist here.

most people here sold at a huge loss and come here to vent their frustration at the coin. nobody is trying to push the price down, and tbh, nobody cares anymore. lol
[/quote]

Truthful
That's right. Freedom of speech against an injustice! It's unjust to take money from people!

Re: [Moderated] [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea
Today at 12:09:37 PM
Reply with quote  Edit message  Delete message  #2032

Quote from: hobopete on Today at 11:58:40 AM
I have noticed that the FUDDERs are in FULL FORCE TODAY!
You get to thinking why they want so badly the price of URO to go down?

We might see a Huge PUMP coming for URO

Quote from: Truthful on Today at 11:52:40 AM
Delusional thinking is never a good look nor is it good to read. Sad

Taking money from people's livelihood is not a happy thing is it?

Quote from: hobopete
Isn't that EXACTLY what YOU are trying to do? cause people to lose their investment?

Quote from: Truthful on Today at 11:52:40 AM

What investment? What about what Vual said https://bitcointalk.org/index.php?topic=728924.0  (https://bitcointalk.org/index.php?topic=728924.0)

He was told too bad about his loss!!


This thread is for the truth,
Nothing will be removed from this thread unless its abusive.

If someone has a good theory about URO why its real or why its fake,
Post it here noone will remove it, and you can talk about the truth here.

This is not a offical thread this is a community thread supported by uro community,
Those who dont like this thread are those with something to hide...

In regards to "are they really going to send me 12,000 tons of urea for $12,000" yes i understand most commodities and gold mining company's run at major losses for the first few years....
But i cant see them running at such a loose that they will give me 500% on a 20,000$USD investment.................. I really cant..............
Even if they where going to run at a lose for the next 5 years and make good on there delivery why do that... why not just use the next 5years in potential profit buy up the URO so it matches price of urea...
they are counting on buying now very very low and holding for 3 - 5years and by that time if they do everything right it will be worth the price of urea i see what there business plan is it makes sense to a degree but i just dont think they have enough capital to sustain huge losses everytime someone accumulates 12k for delevery...
Here is my story:




Code:
Sorry guys but thats the end of URO i think....
I can bring it to 00015 with 1 click of a button, not 0015 00015....
URO is dead.... Where where all scammed.

I lost about 7k on URO, down maybe 10BTC, so if anyone was hurt more then me i ask you to come forward...
I dont blame anyone just need to use my descresion more next time. It looked legit turns out now way in fuck is it.

I dont wanna hurt anyones feelings and cry out accumulation all you want, i have 4years experiance doing this look at my profile and this URO is the most eleberate scam yet...

Code:
Cause im so fucken pissed off i would rather go down with the ship...
Also i almost have 12k URO, so who wants to add to mine to make 12k so we can collect delevery on this URO at least make these assholes pay for that...
Us claiming delevery will be proof this is real or a scam.
Im sorry to burst your bubble but the entire thing is a big fucken joke, think about it are they really going to send me 12,000 tons of urea??
i have 12k URO....  Of fucken course they will not, thats $6MILLION in UREA..... at 500 a ton...... lol seriously wake the fuck up and watch this,
im going to try get my 12k delivered according to the protocle i proposition bet you now 5k USD they wont do it.

If you really think they will give up 12,000 tons of urea at 500$ a ton in exchange for 12,000 "URO" worth $1 each your stupider then you look...
maths here $12,000 USD != $6,000,000.00, ROI just collecting delivery and reselling on ALIBABA as china urea at $200 a ton would still see ROI of 200%..
.. its not going to happen.... EVER.. mark my words...

Code:
what about collecting delivery dont you understand??? Anyway like i said, if i fucken sold now that would KILL you.....
It would drag price down 10x and hurt everyone, im not that way inclined. The support cant even handle my holding i would destory the entire coin i thought i made that clear in my first post...
from 0015 to  00015 you really want that ??

I should just dump all over you and buy back in at 00015 (lets make it clear 00015 not 0015.....)  that would make the bag holders look rather silly, but that would wreak lifes and like i said..
Im not that way inclined *deep breaths* yes its hard to loose alot of money, but at least im not going to hell.

im going to try collect delevery and then be the fucken UREA baron of my street!! Ill pile up the 12tons in my front yard to remind me of the big fuckup this URO coin was...
and they will not do it.... they should then everyone can stop arguing and pretending this is real...
the proof will be there in the pudding... Well we all know Australasia is awake so then GES reply to me we will see if i can collect delivery.....
Or we waiting for India to wake up?? Regardless i do like the Night Vision HD camera's they use to sell for there old venture.....
How you go from importing Security cameras to securing huge fertilizer contracts is anyones guess, must of done really well selling those Cameras and Bollywood Costumes....

But other then resorting to logical fallacy's whats your argument, why reply with a riddle? Are you on my side or not i cant work it out??
The more we argue the more the price drops, like i said im going down with the ship on this one
anyway this will all me removed when the crew wake up....
so: https://bitcointalk.org/index.php?topic=728924.msg8240717#msg8240717 (https://bitcointalk.org/index.php?topic=728924.msg8240717#msg8240717)

EDIT: on a side not, any pakistan fertilizer importers reading this feel free to contact me for a side deal keep it off the exchange i can sell you your 12k URO, buy from me and keep if of the exchange then what....
0_o honestly what a fucken joke.

EDIT: where is everyone?? sometimes i think im the only one in this market anymore.... its just me against a army of bots

on a side note at least i bought my average right down buying more now... yes i bought more... shoot me....
its nice having a really low buy in average but it sucks having so many coins noone will buy.

My posts keep getting removed from the other thread considering i hold more uro then the asshole that made the thread i think im considered to voice my views without some assclown hiding them.

put a fork in this shitcoin....its done!  ;D

THIS IS THE REAL FACE OF URO COMMUNITY.
THEY ARE DELETING ALL OUR POSTS (thats the reason why we have this thread) BUT KEEP POSTS LIKE THIS ONLINE.


http://s18.postimg.org/4xc7n99x5/corather_call_Truthful_white_trash.jpg



http://s13.postimg.org/pww4ohevb/corather_calls_Truthful_Nazi.jpg




http://s30.postimg.org/8ue0uj7td/Truthful_called_Nazi_and_white_trash.jpg

Look through your own post history, Guglimugli. I encourage everybody to look through Guglimugli's post history. Gee, what a fine member of this community... Oh wait, No. You are actually quite obviously a sockpuppet account made for one sole purpose- to trash Uro. For whatever those reasons may be. Yet, apparently, those reason are not good enough for you to come on here with your real account and endorse them as such...

Look at your first ever post on July 19th https://bitcointalk.org/index.php?topic=687231.msg7927865#msg7927865
In a thread made by another obvious sockpuppet, Scamhunters, who has also done nothing within their short existence but bash Uro. Might I note that obvious scams go on rampantly throughout this forum and yet somehow garner no interest from "Scamhunters".

And ever since your beginning, all of your posts have been in that same thread or some other thread associated with Uro or how it is a "scam"- such as this one...

Stormia why are you on this forum? why does it bother you so much about what others do or say that maybe different from yours. If you love your Uro so much and you believe it's worth something, then don't delete posts on your forum and try to discredit others. You, like the others just try to bully everyone.

The irony is that the person, Nilesh Nair (True-Asset) who has his puppets on strings tried to tell you that those who post comments asking questions or want to verify the inconsistencies in your coin before 'investing' their hard earned cash are malicious!

Yet the conduct of those on this forum show otherwise. You have sworn at others, made insulting comments about them, deleted their posts and then tried to be 'tough' behind a computer screen by behaving in a bullish manner. You then go on to other forums in the hope of being tough towards them. Wouldn't you call that malicious??

Nilesh Nair (True-Asset) tried to be smart by posting quotes to that are malicious towards others. One quote

“Never argue with stupid people, they will drag you down to their level and then beat you with experience.”  Mark Twain

Is Nilesh Nair claiming that others are 'stupid' who ask questions. I don't think any person who is supposedly running a multi-million dollar business with supposed offices around the world would call potential investors stupid! The stupidity is that his puppets who bully others are at a low level, those who ask questions don't need to go down with them! The experience they have is to belittle others and act like tough boys. Those who ask questions haven't done that. Don't forget I got Corathor to stop swearing!

“Don't argue. Never deign to deny. Meet insults with laughter.”   Leigh Bardugo, Siege and Storm

The quote to meet insults with laughter isn't that what those who have been thrown insults from the puppets of Uro have had to do. Yet Bohan is allowed to carry on like a 'mad' man when he was asked questions.

http://videobam.com/viFLA (http://videobam.com/viFLA)

“Discussion is an exchange of knowledge; argument an exchange of ignorance.” Robert Quillen

Those who have been asking questions have aimed to have a discussion, yet have been argued with by the puppets on this forum. Wouldn't you call that ignorance?

“The volume of your voice does not increase the validity of your argument.”  Steve Maraboli, Unapologetically You: Reflections on Life and the Human Experience

The volume of the puppets on this forum who create one just for themselves and deny a discussion or deny answers to be given to questions sure does reduce the validity of your argument that the Uro is worth something. Screaming at people saying that it's worth something gives no credibility.

If this post like those of others gets deleted then the real malicious people are Nilesh Nair, Bohan Huang and those who are getting paid to support this coin. The real people (Nilesh Nair and Bohan Huang who will make money or rather take money from peoples livelihood for their benefit. It's not fair to take money from people. We all need to live, eat and do the best we can, without people bringing them down with their greed. Surely you've all seen enough of that??

This has been supported by these articles. Perhaps you have destroyed the crypto world with your 'carry on'.

http://altcoinherald.com/altcoin-markets-stagnated-may-crumbling/ (http://altcoinherald.com/altcoin-markets-stagnated-may-crumbling/)

http://altcoinherald.com/pivotal-times-alternative-cryptocurrencies/ (http://altcoinherald.com/pivotal-times-alternative-cryptocurrencies/)

Key points from articles are here from Guglimugli

"Hardly any coin projects are spending the time and resources necessary to educate consumers on why altcoins are superior to traditional payment methods." AGREE

"The scams have played themselves out so often that it’s hard for anyone to not get jaded. While trillions of dollars are at stake in the global sweepstakes for new payment initiatives there are many people who view alts as a way to get rich quick through common thievery."

"Nobody wants to join a group that is filled to the brim with over-sized, aggressive assholes."

"I recently read a post by a young man who made his first investment in an altcoin landmine known as USBCoin. Predictably he had his face and genitals blown off by the trade. When he sought commiseration from his fellow altcoin traders, he was told that he was a ‘moron‘ who didn’t properly ‘do his research‘ and that he should ‘quit whining.‘ This was all said despite the fact that the ‘coin‘ was a complete and total scam." WE READ THIS A LOT IN URO FORUM


"Do you think this person will want to continue on with his new hobby? He may end up like countless others who have tread into this space before – penniless, bitter, and worse for the wear. If this continues there won’t be enough ‘new blood‘ to keep money flowing through the veins of this subculture." AGREE

TRANSPARENCY
"Transparency is only one small part of legitimacy. There are so many laughable claims being made about many altcoins its not surprising that the average traders or miners don’t believe what they’re hearing."

Nilesh Nair started the so called Uro, started the threads and is the person driving this ridiculous attempt to make money like a parasite from other people. He has surrounded himself with other blood sucking puppets.

You're right about the security. Have a look at this. He's so egotistical he calls himself a "Guru"

http://www.pdf.investintech.com/preview/4e28eb4c-2136-11e4-90ae-002590d31986/index.html (http://www.pdf.investintech.com/preview/4e28eb4c-2136-11e4-90ae-002590d31986/index.html)

The last line of this post says a lot! All the points in bold say a lot. It's full of contradictions, like Uro is!

No one who has asked questions about the coin have made false statements, yet we were called FUDS!

Hopefully not very successfully but, around 300,000 Uro were mined before the hit an exchange. If you're trying to sell worthless tokens, whether it's digital currency or torn up scraps of paper for a high price because of a false promise backing is giving it value that is a scam!!

haha I don't really follow crypto but as I understand it most coins are just complete nonsense, but I don't understand how they can be scams?

And I would like to thank you with highest regards and a deep bow for your efforts.  This whole "thing" I shall call it, reminds me of an article I read a while back about why the Nigerian 419 scams are so laughably transparent... it's because they don't want to waste their time convincing the moderately credulous and focus their efforts on the truly credulous.  This explains the "mind blowing levels of denial, inept; investment skills and understanding of basic market and business principles".  It is fascinating from the sociological perspective, as is the whole cryptoscene in general.  I guess I can sum it up in one big fact... In the eight months I've spent in this scene I've quoted and referenced it many times, and have only met one person who had ever even heard of the book "Extraordinary Popular Delusions and the Madness of Crowds (http://"http://www.gutenberg.org/ebooks/24518")".  That may seem fairly minor and trivial to most but to me it indicates a complete lack of knowledge of history and understanding of human behavior.  You are to be applauded for your efforts and I hope this whole "thing" hasn't lead to premature hair-loss.  Tilt away Don Quixote, it's the right thing to do.

I know must of these coins are developed with only one thing to make money for themselves,  Bitcoin has the trust of the people since there is no way to identify the developer, and it was given to the people, is why it was also so successful

Thanks, you don't know how nice it is to get a reply regarding this matter from someone sensible! actually that's the 2nd time someones recommended that book to me this month, given how fascinated I've been with uro, I'm adding it to my reading list now!

Chang loves uro, what a scumbag  https://bitcointalk.org/index.php?topic=740568.msg8369931#msg8369931

Incorrect, I despise scams, scam pushers and men little bent kids who steal girls profile images, to either sexually seduce other men or beg for for small change like you! Kayden ;D  :o  8)

I despise morons, but you're still around.

And that's why I said what I said in the way that I did.  Must have been tired though, big whups on the syntax. 

http://www.gutenberg.org/ebooks/24518

Those who don't know their history are doomed to etc etc etc etc etc.

"The inordinate thirst of gain that had afflicted all ranks of society was not to be slaked even in the South Sea. Other schemes, of the most extravagant kind, were started. The share-lists were speedily filled up, and an enormous traffic carried on in shares, while, of course, every means were resorted to to raise them to an artificial value in the market.  One rumour alone, asserted with the utmost confidence, had an immediate effect upon the stock. It was said that Earl Stanhope had received overtures in France from the Spanish government to exchange Gibraltar and Port Mahon for some places on the coast of Peru, for the security and enlargement of the trade in the South Seas. Instead of one annual ship trading to those ports, and allowing the king of Spain twenty-five per cent out of the profits, the company might build and charter as many ships as they pleased, and pay no per centage whatever to any foreign potentate."

While they were at war with Spain. Yeah right.  Here's the thing that's kept my interest though.  The dot-com bubble was full of absolute bullshit, but out of it came Amazon, Ebay, etc etc.  I think Doge is going to be the one to weather the oncoming storm, because it's got a history of being well, something to be tossed around, USED! 

"Some of these schemes were plausible enough, and, had they been undertaken at a time when the public mind was unexcited, might have been pursued with advantage to all concerned. But they were established merely with the view of raising the shares in the market. The projectors took the first opportunity of a rise to sell out, and next morning the scheme was at an end."

And everybody knows it too...

"Persons of distinction, of both sexes, were deeply engaged in all these bubbles; those of the male sex going to taverns and coffee-houses to meet their brokers, and the ladies resorting for the same purpose to the shops of milliners and haberdashers. But it did not follow that all these people believed in the feasibility of the schemes to which they subscribed; it was enough for their purpose that their shares would, by stock-jobbing arts, be soon raised to a premium, when they got rid of them with all expedition to the really credulous."

You want credulous?  I'll give you credulous!

"But the most absurd and preposterous of all, and which shewed, more completely than any other, the utter madness of the people, was one started by an unknown adventurer, entitled “A company for carrying on an undertaking of great advantage, but nobody to know what it is.” Were not the fact stated by scores of credible witnesses, it would be impossible to believe that any person could have been duped by such a project. The man of genius who essayed this bold and successful inroad upon public credulity, merely stated in his prospectus that the required capital was half a million, in five thousand shares of 100l. each, deposit 2l. per share. Each subscriber, paying his deposit, would be entitled to 100l. per annum per share. How this immense profit was to be obtained, he did not condescend to inform them at that time, but promised that in a month full particulars should be duly announced, and a call made for the remaining 98l. of the subscription. Next morning, at nine o’clock, this great man opened an office in Cornhill. Crowds of people beset his door, and when he shut up at three o’clock, he found that no less than one thousand shares had been subscribed for, and the deposits paid. He was thus, in five hours, the winner of 2000l. He was philosopher enough to be contented with his venture, and set off the same evening for the Continent. He was never heard of again."

Ho
Lee
Fuck

And speaking of fuck, why do you even bother trading insults with these knobs?  They're really terrible at it, on the level with "Your nose sir, it is rather large."  Anyways, back to work.  I'm really looking forwards to posting pictures of this, haven't named it yet.  Last fall I score two Thermaltake 2.0's with 2x1 rads for $22 each, because they had the wrong firmware installed.  One is on the CPU, I've mounted the second on the HD-7950, mounted a single Coolermaster on one 6950 and am about to mount another one on the second 6950.  That's a 3x2 block of rads, about the surface area of your average Cadillac.  Should make it into a Kustom Kulture kinda thing, Big-Daddy Roth and Rat-Fink theme.  Runs everything full-tilt under 70C in hot weather!

Thanks for the links though I downloaded it a few days ago free through Amazon!

“A company for carrying on an undertaking of great advantage, but nobody to know what it is.”

^ This is pretty much what got me interested in this forum a couple of years ago (sums up Piraete40's ponzi), I've always been fascinated by the scams and obscene business proposals (it's a fine line to distinguish between these IMO, and makes far more sense to scam money through a flawed business plan, than to blatantly steal money through a ponzi or bullshit scheme like Uro.

Although this book shows the world hasn't just gone mad and has always been this way, I think the internet's certainly made the landscape a lot more fertile for scammers and fundraisers!

A brilliant Idea (to scam money from credulous fucking idiots) I saw today that highlights this is https://www.facebook.com/breakoutandwin?fref=ts a relatively non existent company claiming to create the first digital currency for online gaming (I don't gamble and I remember pheonix coin two years ago, but facts and truth don't matter!) Buy 5000 likes, an email landing page, some sexy art work, less than a months work to retirement!!. It wouldn't surprise me if they raise $1/2m+ off this and avoid all legal responsibility (they've only got to shell out a few $k, to actually do what they're claiming!! and theirs no responsibility of equity in these tokens!).

I find it insane that people come up with great ideas, work their asses off for a lifetime to become millionaires, while on the other hand dickheads come up with shit ideas, a tiny amount of bullshit any sensible person can rip gaping chunks out of (Swarms a good example, as are 90% of all kickstarter projects!) and are rich before they even start (which they really have no incentive to do!)

Sorry I don't know anything about mining to comment on your rig, but good luck with the setup! I wouldn't get carried away with that belief in Doge! IMO Bitcoins an incomplete zero sum beta experiment that might have some legs as a profit making machine, but will inevitably be disastrous for most, clones on the other hand will just prove my point about Bitcoin rather more quickly!

nice, this thread is still up-to-date

You can also add a list of projects failed  ;D
What happened to "prypto scratch cards" and funding raised by bag holders?
https://www.startjoin.com/updates/project/pryptocardsuro (https://www.startjoin.com/updates/project/pryptocardsuro)

There was NURO Wallet contest, who won that and how much did they actually pay him?
This was the URO address UcfrsStV4NvZg6by6k64e95TNfpvThf1kC but its not longer in the URO-richlist
The total amount was $74

Did anyone see that GES/Iran video they promised to deliver last week?
What happened to Nilesh providing that interview to Max Keiser? Max Keiser realized its a scam!

we will see what happens to the new project UROEX and their partnership in Cambodia (where cryptocurrency is not accepted)
This time Nilesh and Bohan decided to use godaddy domain to protect their privacy on web. No other exchange has done that.
I smell some more SCAM right there...

About that "special event" in HK (which is a good joke) they are trying to keep even a Hotel as a secret, like they are meeting a president.
Who in the hell would travel to HK for 4h agenda? Who is the blockchain expert? How comes they ask people to pay in BTC and not in URO?

If you look into GES archive, you will find few interesting facts:
From 2012 to 2013 GES went from "one of the Australias fastest growing..." to "one of the Egypt, HK, Fiji and Papua Guinea fastest growing"
within one year no more growing in Australia..so 2012 was another bad year for Nilesh. He moved all his business outside of Australia...well, he did not move it but he wants people to think that he is so damn international and maybe hide some information from Australians...

but you know whats funny, year after year he kept writing 13 years of experience..lol
so he had 13 years experience in 2012, 2013 and 2014

Lol you missed the 30 relevant press releases off that list!! I think everyone knows it's a scam now just the same lot of misguided fools defying logic to try to find bigger idiots to rip off with the worthless coins they've bought!

price rise is because of?

I'd bet my house it's down to one of two things (or both);

-fucking idiots
-scammers buying their own coins on a sparse order book

they dump and pump to keep the coin alive in hope to gain trust from few more people who would risk their BTC in this coin.
but you can not even call it a "pump" comparing to where the coin used to be / where the coin should be.

Bohan Huang has begun his keynote address.  Thanking all attendees and speaking on golobalization and trade.

More to COME!!!

lol