Mr developer, let us know you're still around, so this coin doesnt end up like honor and glyph

I just completed our first KoreCoin article :

http://www.cryptoarticles.com/crypto-news/korecoin-uses-pre-mine-to-repay-miners-after-fork

Please share, donate for the hard work if you can.

I was doing some digging when I came across a name Brian G.

https://btcjam.com/listings/10774
https://btcjam.com/listings/14177



Anybody have info?

Wow, so quiet without all the trolls!

I see that the IPO flag is still up on CS and there are more IPO shares for sale...  Not sure what's going on there TBH.  I've emailed Ryan G to ask him this and some more questions about the exchanges features / apparent lack thereof.

I also see that the coinpal.net site is up again and seems to have a little bit more info on it, which is something.  Hopefully we'll have more info soon.

For the last few weeks I have been doing some in-depth checks into CoinReturn and its founders.  Here is a brief summary of my findings and observations for the benefit of the community:


Negative Points

• Introductory blurb states that the company is registered in Cyprus, however this is not the case.  I asked the the CoinReturn team about this and they said that while this was the original idea, they changed their minds on this after seeking legal opinion.
• We have yet to see the delayed stream of trade history as mentioned in the company introduction

Positive Points

• The Coinreturn team are fairly communicative and continue to be up-front and open about the operations of the company
• The fund has been operating for over 3 months
• There has never been a missed dividend without notice or good reason (eg; CS wallets being down)
• CoinReturn is not promising loss-free operation
• The company is open about losses when they occur, often providing details of exactly what happened
• Returns appear to be realistic and consistent with market conditions at the time
• The company is taking a realistic cut of the profits
• I have seen some behind the scenes trading history, which all seems to be legitimate
• There is currently a stop on further share issues until 2015.  This is a strong indicator that they are not a Ponzi operation
• The team are actively concerned about loosing contact with shareholders (in the event of CS shutting down) and have a plan in place to mitigate this risk
• I have sighted an official ID for Tom, including address of residence

I don't want to go into my general opinion of CoinReturn in this post as I'd rather keep it as neutral as possible and leave the conclusion up to the reader.  However...

Disclosure:  I am a shareholder in CoinReturn.

for some reason this site doesn't work for me on firefox but it works on chrome, any ideas? also its strange it works on firefox if i use a private window  

If they are scammers, it would have been quite stupid of them to not have used TOR when sending e-mails.
They seem more intelligent than that.

BadPeanut, in know way did I say I no longer think this isn't a scam.  For me, the jury is still out on that one.  I sincerely hope you don't actually have the philosophy that if a person is stupid with an investment or three that they "deserve" to be parted with their money.  There is an extremely remote chance that bitcoin might not even survive the year or that it's price may drop down to who knows where, does this mean that everybody who invested in bitcoin and lost got what they deserved?  That just seems far too harsh a perspective to me.  How about old folks that get bilked into these mail-order fraud schemes?  Are you the type a guy that thinks they deserve to be conned as well?  Or the woman who takes her car to the mechanics and get's seriously overcharged for one reason or another?  Hell, why not the little fella that wasn't strong enough to fight off the bully that took his lunch money?

Obviously I'm comparing apples and kiwi's here in a sense but the bottom line is nobody "deserves" to be scammed.

*In regards to coinpal, it will be interesting to see what Ryan G does now that the trade block has been lifted.

So hold on, by the looks of what I read in that thread, he offered the miner's for sale, then for whatever reason refunded anyone who had given him funds.  Where's the scam!?  You think he did this just to get a cheaper price!?  That seems like a pretty risky thing to pull just for a discount.

At the end of the day this is your usual speculation and assumptions; YOU DON'T KNOW EXACTLY WHAT HAPPENED or the circumstances around it, so you are not qualified to comment.

Again, it is a bad look, no doubt, but it doesn't actually PROVE anything!

As for communication with Ryan G, I have exchanged a number of emails with him over the last few weeks, including one today.  If people with concerns actually asked him nicely what the story is, then maybe you would get the same responsiveness that I have received.  But I guess some people have already passed judgement on him, proof or no proof, so I'm not quite sure why I'm wasting my time with this!

Again, I suggest that if those who think this is a scam would be courteous enough to put up a poll somewhere so that we can see the overall view of ALL shareholders, then maybe we can form some kind of consensus what to do about it.  Again, the actions of the few are jeopardizing the investments of the rest of us without us having a say in what's happening!  Come on guys, you may have good intentions, but you're potentially hurting the innocent bystanders here!

If there was a way to sabotage a legitimate exchange, then this would be the best possible way to do it.  Is it definitely legit?  I don't know yet.  But is it definitely a scam?  I don't know that yet either.  Keep gathering the facts and maybe we'll find that magic bullet the proves it either way beyond all doubt, but for the sake of everyone, please don't fire the gun before we all agree that that is the best way forward for everyone.