Please, someone step in. Someone, please provide me where POD has helped a coin beyond either a: initial launch or b: quick pump and dump. Please provide me evidence where POD has proven more successful than actual development. Please provide me evidence where POD has prevented shitcoins.
Bringing this shit up with something like XBOT is beyond stupid. There is the tech, a lot of work was put into a coin that actually works. Please tell me, how many LSD or conceal did you buy?
1. eg Satoshi Nakamoto. Who is he? (Argghh) It doesn't matter. He proved he/she/they was/were actually developing Bitcoin. POD isn't proof of a person; it's proof of concept or development or anything more substantial than hasty whitepaper promises and a github fork with some tweaked parameters. So POD saved a lot of money for (coin name escapes me, the ICO Bittrex refunded) investors. |
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Please, someone step in. Someone, please provide me where POD has helped a coin beyond either a: initial launch or b: quick pump and dump. Please provide me evidence where POD has proven more successful than actual development. Please provide me evidence where POD has prevented shitcoins.
Bringing this shit up with something like XBOT is beyond stupid. There is the tech, a lot of work was put into a coin that actually works. Please tell me, how many LSD or conceal did you buy?
It's stopped a lot of them get listed on Bittrex but then they swapped it out to ICO and now it's bigger ICOs. POD is something which is earned, not shown. If you're not skeptical from the outset even with POD (look at BFL miners!) then you'll get screwed. I won't even invest anymore because I was 99% certain this coin was a scam and it's turning out OK. But that's the thing; it's impossible to know. |
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When will be next pump, it's more then a week already.
I am doing a pause for now because of the weak participation on last pump. So you run a private pump group? How does paying to join your "private" group work when it's obvious to everyone these rinky-dink Pumps are done. It's so April 2014! If people want to gamble on a coin for a return they don't need you telling them which one. The chances are just as bad going in blindly. |
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[urlhttps://bitcointalk.org/index.php?topic=654654.0][/url] Got scammed for 5 DRK. 2 different deposits (direct from wallet and a MintPal withdrawal). No contact info on the site and OP won't respond to PMs so I'm reporting this site as a scam unless the admin cares explain the issue. Proof of payment .... http://explorer.darkcoin.io/address/mmmAHpphAeQEgwT5VHRErvWowchBKfJdCT |
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"Returns of up to 130% in just 24 hours." Of course it was a Ponzi scheme. What did you think was going to happen?
The thing is: some people are so greedy that they just cannot think clearly... The scammers explore this awful reality, and the victims are exactly those uncontrolled greedy ones. Those on the signature campaign were not in the wrong: no one could ever imagine that there are still such stupid people to invest in ponzi... Finally, some empathy. I'm angry and upset these things keep happening. People get caught up in emotion - maybe they owe loans,bills, debts - and they find a reasonable 4% return and think, well, it's safer than altcoin ICOs. If there is a lesson to be learned here it's escrow wherever possible and proof of developer. My condolences to the victims. |
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Thank you very much for your valuable contribution
Another person OK with scammers making $30k in a dozen days, huh? Maybe a little compassion would defuse the SEC knee-jerk reactions? Because were it me, I'd be shattered. And the last thing I'd want is condescending retorts. To those who lost out, I feel for you. I hope a lesson was learned and if you feel you need to contact the SEC after cooling off, then do so. No one else gives a shit about these scammers raping new investor blood. Karma's a bitch. These scammers will learn how karma works in time. |
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Want to know how to stop these scammers? Don't give your money to ponzis? Problem solved. They'd go away if nobody "invested" in them.
You sound more irritated with the victims of the scam than the scammer who made $28,000. Myself, I can't be pissed off moreso at the scammer. Yes, it's idiotic to invest without due diligence. But I know smart people can get caught up in this too. BCT has a good reputation - people assume the content herein is more legit much moreso than the other crypto forums. Non-reversible transactions are a new frontier; the blasé attitude will come back to bite us all (as NY knows). |
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That is what I am LOVING. And its not like guessing red/black. There are ways to help your odds... Some "underdogs" pay off so well they are worth betting on even if you loose 9/10 times  Red/black has 50/50 odds, but you're happy "improving" your odds to 10% odds of choosing a coin that doesn't lose investment? So, assuming your 1 in 10 "pay-offs" can cover your 9 losses. But that's not how gambling works; you always remember the wins. The bias here is The Dunning-Kruger Effect, FYI. No one is making bank (besides OP) investing in HoboNickels. |
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waiting for dump because most coins still be hold by dev team .
There's no premine I think he's insinuating that the Devs hold the remain 60BTC worth of XBot from the ICO and will dump it at a seconds notice.. Which I doubt would happen. What did happen to the remaining 60 BTC worth? If it wasn't provably destroyed, history indicates the dev will indeed dump it at some point. Always happens. Good question. Initially it was ฿ 0.00015 per coin. Can anyone confirm ฿1 bought 6666 coins? Or ฿0.1 bought 666 coins? Why quote the price per coin as ฿ 0.00015 per coin THEN say because ICO didn't reach ฿150 it was ฿93/1000000 ie ฿ 0.000093 per coin? |
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I just want to known how can I receive my ICO coins？？
After our audit of the ICO fund, we will send the coins out before mining starts/official launch. And the wallet? Is there a GitHub link or anything? |
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Great job, Mirth! We should watch it to see if there's any activity. What block was it in? 50138 (bytes) Received Time 2011-07-14 04:45:00 Included In Blocks 136190 (2011-07-14 04:45:00 +0 minutes) Is there a link which goes into other puzzles? This looks very interesting and would love to see other previous riddles to figure out the "style" so to speak. |
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1,000,000 Xbot at 0.00015 BTC it's Too expensively !
I agree its too expensive. NXt costs 5000 satoshi and xbot should be 15000? whare all that money would go to? Quick answer: There's 1 billion Nxt and 1 million Xbot. Xcloud 100m=10000sat agree too expensive. I don't think it's expensive. The xBot system can serve many purposes for example, escrow through twitter, arbitrage message, marketplace, encrypted file transfer etc Name it and we can get it done  The bot is just the platform for this experiment. In order to explorer many options that's why we developed SocialxBot micro-blogging similar to Twitter, so that we don't have to rely on Twitter. I'd buy in if I saw a "testnet" or proof of a beta or anything that shows you're capable of pulling this off. You're a newb and you expect us to TRUST you based on what? I'm curious why escrow is not an option to protect you and us. Especially such an ambitious project. Also, assuming low ICO interest, what does that mean? Will you say 'not enough interest' and say community needed to invest more? You need a beta or something for what you expect to be a 15000 Satoshi coin bc that PRICE doesn't mean VALUE if you can't pull this off |
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Question. I am following xbotme. Will I still get a direct message containing the address to send btc to or should I wait for another event?
We deactivated the xbotme since the bitcoin wallet is not fully sync. We don't want people complaining that their btc deposit not showing on the blockchain. You should get the btc deposit once xbotme is activated. So you've not even got a proof of concept? And you want 150 BTC? |
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I think you have this backwards. If it cost miners $500 to mine a bitcoin they will not mine unless bitcoin is selling for at least $500. Since the bitcoin that miners sell only makes up a small percentage of the market the rest of the people who hold bitcoin can sell enough so that the price could fall below the cost of mining.
actually SMART miners that know what bitcoin is do not sell at a loss, they continue to mine. they just hoard instead of sell, if miners stopped mining. we would see the hash rate drop.. only a small amount of dumb miners with a small amount of power would quit. but th majority do not give up thus the hashrate does not drop. which means your point is disproved. instead the hoarding dries up the amount of coins that are being sold at spread and dries up the amount of bitcoin being put as 'waiting orders' on the sell wall. which causes a supply shortage and a higher demand, to cause the price rise. this has happened around the reward halving and also all the time for the last 5 years as the hashrate has been rising. maybe its best you start observing charts and correlations of different data sources, rather than forming opinions based purely on your imagination If it costs them $600 to mine 1 BTC but bitcoin is only selling for $500 then why would they not stop mining and then use the $600 to buy 1.2 BTC on an exchange? If they were to continue to mine they would be essentially paying above market rate for something they can easily pay the market rate for. I think wasserman is arguing that there's different no mathematical guarantee (cryptographically) for a link between price and value. If value tanked (due to numerous reasons) would miners still be mining? Would the value be guaranteed by the price, or vice versa, or are we talking complex market dynamics not being the same as cryptographically secured networks? |
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His timezone on the forum doesn't say anything, you set it manually. Tho his posts usually meet Europe daylight time.
Sorry, shouldn't be timezone, I mean his online time is same as mine, Chinese time. How do you think his English? Chinese English? Your English is very good. Perfect. His, not native speaking. It's the punctuation which gives it away. IMO the account is Chinese, using VPN, it's a bought account and several people are using this account. And yes, the posts coincide with Australia time but 1-2 hours off, so highly likely Chinese time |
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Tell it to silk road. These altcoin scams are becoming more frequent and audacious, so they're bound to attract the attention of the authorities. They're enacted with the tacit cooperation of Exchanges and other online service providers, who are vulnerable to having their premises raided, their servers seized, their businesses disrupted, and their clients financially inconvenienced. Thgey're no longer sole traders or small gangs operating independently behind a wall of pseudo-anonymity.
Take Syscoin, for example. I had my fingers slightly singed when trading opened on Mintpal, but I managed to bail out with most of my funds intact. Many others have lost substantial amounts. The coin was released with a laughably dysfunctional wallet, by any altcoin standards, because the developers had no intention of delivering a working product. Moolah handled the escrow, and the developers claimed to have returned the released funds. So now Moolah are holding the spoils and the developers are screaming that they need the funds to deliver a working product. Moolah have offered their support in this endeavour, and meanwhile the price has tanked and the volume has dried up. Mintpal supported the release, and they've taken a big hit on volume as a consequence. Moolah operate out of London as a legitimate financial services provider. So if the Serious Fraud Office come knocking on their doors demanding to know the whereabouts of the 'Devs' and the escrowed funds, Moolah will turn them in without batting an eye.
In the meanwhile the 'investors' are growing more angry because the escrowed funds are neither being returned nor used to develop a working coin. And the whole sorry tale is documented in the pages of Bitcoin Forum. You may think it's all a storm in a teacup, and the 'devs' broke no laws. But people are being conned to the tune of tens of millions of dollars, which makes it a matter for the authorities; and investigations could destroy the whole altcoin scene, by targeting the exchanges. Shouldn't surprise me if one or two of the big players are MtGoxed before the end of the year if this continues.
Of course the best time to begin investigating these scams is when the coins are first announced, and the 'devs' are active online. So mark my words, there are fun times ahead.
This is the smartest thing I've heard in months. My sentiments exactly. I couldn't have said it better myself. Although I have been documenting the losses from scams, exchanges, pools etc etc and we're currently sitting at ~$87 million. That's in US dollars. Dollars, as in the regulated currency kind. Tax-free dollars might I add. If anyone honestly believes that this is going unnoticed, you're deluded. It's highly likely these are serial scammers operating as they use the same MO until it stops working then move onto the next "fad" (ICOs currently) whilst using sophisticated methods of multiple accounts, shill accounts, shill supporters etc etc etc The worst part of all is I don't see how BCT is going to whether the storm. With no moderation it's complicitly letting all this happen. AltcoinHerald.com shows 87% of monthly coins fail. Why? Because development takes actual work and because this is one of the easiest scams ever known. One Weird Trick ads made $1 billion so far at a 0.0042% success rate. Altcoins have (theoretically) an 87% chance of "winning". Regulation is imminent and it will follow "an MtGox" and "a SilkRoad" the CryptoVerse can call it's own. If you disagree, ask Ross Ulbricht (Silk Road creator) how the "crypto-Currency isn't a currency" defence worked out for him. It was the first charge they hit him with and his whole site was dealing drugs. |
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https://bittrex.zendesk.com/hc/en-us/articles/203127460-ClusterCoin-Doing-the-Right-ThingClustercoin ICO investors were lucky to be covered by Bittrex's escrow in this case. If the "community" doesn't stop with these ICOs it's sponsoring scammers and destroying the altcoin landscape, and whatever regulation comes from this is going to bite Bitcoin in the ass to boot. The only ICOs to consider should have very strong escrow terms. AltcoinHerald did a great article on this. Quoted in part: The ‘get rich quick‘ mentality that is required to constantly get defrauded by ICOs stems from the same stream of human greed that is encouraging altcoin exchanges to constantly list them. The trouble is, as the malfeasance mounts and the dollar losses continue to sky-rocket, regulation is the only possible outcome.
Escrow terms must be changed now. They must implement a solid legal framework written by a tech-savvy law firm that protects all parties during the transaction.
Until this happens, altcoin ICOs must be avoided at all costs by anyone who is unwilling to lose all their money.
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Yes, the problem is with the Viking Coin upgrade that Im working on. Im the dev of Viking Coin, this whole post is asking for assistance on finding the root of the problem. Im a dev asking for fellow dev assistance  Please. Enough. If you can't do this how are you going to develop a coin worthwhile to the current environment. Just quit now or learn to develop. Satoshi's vision is being raped just so people like you can make clone shitcoins to hock for ICO or whatever BTC profit you can get. And you're not a fellow developer. |
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I really dont get your hard-on for me here.
Anyone who donated BTC to me for extra shares (I was very clear that these were not ICO funds for development) had the opportunity to sell on several occassions for a big profit.
On two occassions, in a bid to get positive price action moving and draw more interest in the coin, I sunk the majority of my BTC into GPC, once up to 1000 sats and once up to 700 sats (the ico to the highest potential sale price was a 10:1 profit). Sunk? Not invested? And what of the people that had a 10:1 loss, Bosman? Do you think of those traders? You may have driven the price up but in your own words you had to use your own BTC to manipulate the price. Value is not the same as price and would've been added from any kind of development; development you refused to speculate on because you were "focused on fair coin distribution". I only promised what I could deliver. I had the geniune belief that my objective in the whitepaper was realistic and attainable. Instead i got virtually 0 response to it. You're the project leader. You sold coins for your project. If the project has not been completed, why wouldn't a ICO refund be in order? Again, I'll ask as I get no answer: Why can't a refund for the ICO be rolled out?I don't expect you'll do it, but the least you can do is account to the investors who lost out why an ICO was necessary and why even a partial refund for original ICO GPC addresses is not possible. |
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I can honestly say I don't believe this was a scam. Ifor you actually read up on Bosman you can see his motivation and if you dig around you can find info on what his intention was. I can say from the DMs on his Twitter act that is did not seem to be a scam to me. There was a fair amount of behind the scenes dialog that I will not share, but was in my opinion on the level. With a full time job and all the hectic life issues this is a mammoth undertaking. I had a hard time finding time to just tweet and read up. Never mind keep trading. I for one commend you on your effort Bosman and ask the community why almost none of you tried to take ownership and make this "our coin". Total bystander effect as someone earlier noted. To those that stepped up you should feel proud.
CryptoFi$h
I agree. Malicious intent wasn't the sole motivation for Bosman; but it's pretty damned close whn you knowingly take on a project you know you have no time to develop. Let's face it, Bosman expected everyone else to come up with the ideas and then develop it. He'd manage the ICO and spearhead the project. Bosman could be proud if he hadn't used an ICO. The way to do this is either on community backing, or with a pre-ANN. in this case community backing only came from bag holders. It's a shame but at least I've experienced a very small ICO scam loss firsthand. So why wouldn't a refund be in order, hypothetically? |
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