WARNING!!! vj1977 is a dangerous suckpuppet of normana.
WARNING!!! Normana is a dangerous suckpuppet.
Please clear up your mind! Is vj1977 my sockpuppet account or am I his sockpuppet account. Or both? Is it a sockpuppet chain or a circle?
51% attack on Byzantium is actually 34%. So in Albatros it's actually not 51%, but 34%, because the security assumption is that at most one third (of selected block producers) is Byzantine.
Haven't heard that, can you provide a proof that 51% is 34%? There is no 51% attack, that's just a stupid saying from PoW chains. What usually is meant by 51% attack is double-spend attack or selfish mining attacks. For those attacks, attackers on PoW chains need about 51% of mining power (well, you can do with less than 51%, but then you need luck). As far as I understood, PBFT needs 67% for double-spend, no? And selfish mining is not an issue in Albatross as there is no mining at all. From what I understood, the thing you can do with 34% in PBFT is to halt the protocol. This attack will cause your 34% stake to become worth nothing and can be resolved by all other stakers through a collaborative fork. So the effect is limited and you don't earn anything from it (= no incentive to perform), definitely not comparable to a 51% attack on PoW chains.
stupid marvin suckpuppet
SoerenLast Wednesday at 11:58 AM
In Albatros it's actually not 51%, but 34%, because the security assumption is that at most one third (of selected block producers) is Byzantine.
abatros is vulnerable to 33% to get hacked for good. Once you get 33.3% you hacked the entire system. Stupid liar with secret agenda to push proof of stake in order to scam everybody else including miners.PROOF:  |
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These people are pathetic liars
51% attack on Byzantium is actually 34%. So in Albatros it's actually not 51%, but 34%, because the security assumption is that at most one third (of selected block producers) is Byzantine.
LIARS LIARS proposing a shit coin vulnerable to any attacker.
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THEY WILL MINE POS WITH VESTED ACCOUNTS (WORTH 1.5 BILLION NIMIQS) AFTER THEY WILL SWITCH TO 100% POS.
SCAM SCAM SCAM !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
THEY WILL MINE OVER 80% OF COINS BY THEMSELVES !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Yes, can confirm, they are scamming everyone. They are literally doing what they said in their whitepaper! Nobody could have expected that! We all know that ICOs never do what they say in their whitepaper, so Nimiq trying to do so should be a big red flag! They created a new fake research paper proposing a fake innovative protocol, but in reality PoS is nothing new at all, so OBVIOUSLY no innovation here. Also they say with their new protocol they will airdrop to Bitcoin Cash holders only and will restart the chain at the beginning of every month removing all balances. They even consider a backdoor in the protocol so that they can get all the funds for themselves!
Completely agree with you here normana. Fucking scamming fucks. |
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They are just going to fuck every miner, every developer, every holder. They just want to create a new blockchain which is UTXO (like Robin Linus) from scratch, with a new Genesis, switching the POW to completely ( 100% ) POS with a stupid and centralized consensus algorithm that doesn't add any new value to the consensus algorithm. Speed is not resolved by reducing the block time, but by something else.
Most probably this albatrous algorithm will be developed only in RUST and browser compatibility will be done only through RPC centralized systems. They even wrote that the light nodes need to be recompiled every time to give the last macroblock via the javascript bundle. Thus the light consensus is achieved only through hard-coded software centralization because they change the macroblock every time you refresh the web page and the last macroblock will be written in your javascript bundle. To make myself crystal clear, a full node hosted by the team is changing the hosted javascript bundle with the last macroblock, and in case you refresh the webpage you will receive the last macroblock being hardcoded in the js bundle. Also, Pools will never be able to be achieved on this abatrus system.
LOL dude you waste your time to read that POS (piece of shit) white paper? Everything they do is a scam including this 'Albatross'. (Great song by Fleetwood Mac by the way) |
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They are just going to fuck every miner, every developer, every holder. They just want to create a new blockchain which is UTXO (like Robin Linus) from scratch, with a new Genesis, switching the POW to completely ( 100% ) POS with a stupid and centralized consensus algorithm that doesn't add any new value to the consensus algorithm. Speed is not resolved by reducing the block time, but by something else.
Most probably this albatrous algorithm will be developed only in RUST and browser compatibility will be done only through RPC centralized systems. They even wrote that the light nodes need to be recompiled every time to give the last macroblock via the javascript bundle. Thus the light consensus is achieved only through hard-coded software centralization because they change the macroblock every time you refresh the web page and the last macroblock will be written in your javascript bundle. To make myself crystal clear, a full node hosted by the team is changing the hosted javascript bundle with the last macroblock, and in case you refresh the webpage you will receive the last macroblock being hardcoded in the js bundle. Also, Pools will never be able to be achieved on this abatrus system.
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yes yes. good finding with weg bank scam. project is dead. they just want to go on a new direction to scam new investors and every miner by moving nimiq to proof of stake.
You were right! They just confirmed that they are scamming all POW MINERS switching the nimiq shitcoin to PROOF OF STAKE 100% no proof of work. SHITCOIN! ALSO SWITCHING TO POS IS NOT INCREASING ANY SPEED. document fake as fuck to scam all investors and pow miners.
POS confirmed above in their new document. They are literally scamming every honest miner who invested money into buying equipment for mining (CPU and GPUs). the project is a fucking piece of crap created to scam the shit out of you. |
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ghost WEG BANK (with no customers, products, services and branches), lost in 2018 year 250,000 EURO loses and paid only 0 EURO taxes.
proof for taxes
proof for loses
Last year, they lost 250,000 euro, and two years ago, they lost 500,000 euro.
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They only lie about their current status. Like 99% of other ICO investors, people lost 99% of their investment while they launder the ICO money. They pay developers with 250,000+ a year and the burning rate is 1/4 a million dollar every month
Facts proven by bitcointalkers:
1. Robin Linus cannabis drug addiction.
2. Philipp and Marvin have drug (cannabis or cocaine) addictions as well
3. Internal struggles over ICO money and power
4. Project financial troubles - over $250,000 burning rate.
5. Trading Bot to create fake volumes
6. Price manipulation to keep the price afloat
7. GPU mining since main net
8. Robin was not officially removed from the project as he is still the head of the foundation
9. No real partnerships. Nobody cares about this shitcoin
10. Lack of vision
11. Most of the community left already
12. Most developers left already.
13. They started to pay the community to stay ( moderators + developers )
14. They acquired a 1.1 million dollar villa in Costa Rica from ICO Money
15. Multiple members of scamiq team have acquired multiple properties in Costa Rica, Germany and other countries.
16. ICO period was done using for-profit company with no KYC for American citizens
17. ICO investors lost all their money.
18. They're spreading fake news with fake identities such as normana (aka Marvin Wissfeld)
19. They create fake trading volume with bots
20. They manipulate the market price with ICO money
Rumors that will be proven soon:
1. Bankruptcy 6 or 12 months.
2. ICO Money laundering
@coinfanatic you should add to the list
1. WEG BANK AG fake and fraudulent bank with no customers, services, branches, products, etc. https://bitcointalk.org/index.php?topic=5116099.0
2. WEG BANK AG Partnership with tokenpay which scammed 1 million dollar bounty hunters and people https://bitcointalk.org/index.php?topic=2400499.0
3. FAKE NEWS about a partnership that didn't and most probably won't produce any result, service or producthow many funds does nimiq still owns right now? I believe now it owns less than <= 6 million dollar (excluding the 1.1 million dollar villa). by end of this year, I can bet it will own less than 3 million dollars. My only satisfaction is that I will come next year on bitcointalk writing my last message on bitcointalk: "I HAVE BEEN TELLING YOU THIS FOR MONTHS! YOU DIDN'T BELIEVE ME! IT IS YOUR PROBLEM YOU TRUSTED THESE GERMAN LIARS! " |
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Anyone who thinks Crypto needs a bank doesn't understand Crypto. Crypto was specifically designed to eliminate the need for banks & all forms of centralized control - your wallet that you control is the only "bank" needed. Therefore, any project containing the word "bank" in it is a scam, always has been & always will be.
I do share the same vision with you. Bitcoin was created with the purpose to create the first unbanked financial system and unregulated with no KYC and shit. All these banking projects are just scams made by smart ass entrepreneurs. The biggest issue I see with this "WEG Bank" is that they are lying deceiving people that they are a real and operational bank, while they don't share a product, a service, they don't have customers and don't have branches in Germany or worldwide. So, this bank is a scam itself. |
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Facts proven by bitcointalkers:
1. Robin Linus cannabis drug addiction.
2. Philipp and Marvin have drug (cannabis or cocaine) addictions as well
3. Internal struggles over ICO money and power
4. Project financial troubles - over $250,000 burning rate.
5. Trading Bot to create fake volumes
6. Price manipulation to keep the price afloat
7. GPU mining since main net
8. Robin was not officially removed from the project as he is still the head of the foundation
9. No real partnerships. Nobody cares about this shitcoin
10. Lack of vision
11. Most of the community left already
12. Most developers left already.
13. They started to pay the community to stay ( moderators + developers )
14. They acquired a 1.1 million dollar villa in Costa Rica from ICO Money
15. Multiple members of scamiq team have acquired multiple properties in Costa Rica, Germany and other countries.
16. ICO period was done using for-profit company with no KYC for American citizens
17. ICO investors lost all their money.
18. They're spreading fake news with fake identities such as normana (aka Marvin Wissfeld)
19. They create fake trading volume with bots
20. They manipulate the market price with ICO money
Rumors that will be proven soon:
1. Bankruptcy 6 or 12 months.
2. ICO Money laundering
@coinfanatic you should add to the list
1. WEG BANK AG fake and fraudulent bank with no customers, services, branches, products, etc. https://bitcointalk.org/index.php?topic=5116099.0
2. WEG BANK AG Partnership with tokenpay which scammed 1 million dollar bounty hunters and people https://bitcointalk.org/index.php?topic=2400499.0
3. FAKE NEWS about a partnership that didn't and most probably won't produce any result, service or producthow many funds does nimiq still owns right now? I believe now it owns less than <= 6 million dollar (excluding the 1.1 million dollar villa). by end of this year, I can bet it will own less than 3 million dollars. My only satisfaction is that I will come next year on bitcointalk writing my last message on bitcointalk: "I HAVE BEEN TELLING YOU THIS FOR MONTHS! YOU DIDN'T BELIEVE ME! IT IS YOUR PROBLEM YOU TRUSTED THESE GERMAN LIARS! " |
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Great analysis, thanks to all the sharp minds here. Convinced me to not invest ;-)
Regards Sam
@Sam_hodl: The people writing a lot of posts with large/bold/red text is just 2 or 3 friends (from another crypto-project) using a few accounts each, trying to trick people like you into thinking there is more of them. Always do your own research, ask for opinions on Discord or Reddit, verify all claims yourself and ensure that you don't get trapped by intentionally misleading circle-jerks. Of course no need for you to invest nonetheless: as long as the price stays low I can easily accumulate.... @nimiqshitcoin: You are still posting to the wrong thread. WEG Bank and TokenPay have their own threads, so post there and if necessary drop a link here, so that everyone that wants to read it can read it. No need to put TokenPay Scam accusation in this thread, especially not in large fonts as it is not important at all for Nimiq (no known partnerships between Nimiq and TokenPay). Off-Topic posts like yours make this thread completely unusable for actual on-topic conversations....
ONLY LIES. There WAS NO BITCOINTALK TOPIC ABOUT SCAM WEG BANK AG BEFORE I STARTED ONE ON BITCOINTALK WHERE I EXPOSED THE WEG BANK AG SCAM https://bitcointalk.org/index.php?topic=5116099.0
TOKEN PAY ( THE ONLY OTHER PARTNER OF WEG BANK AG ) WAS EXPOSED ABOUT 1 AND HALF YEAR AGO TO BE A SCAM ICO https://bitcointalk.org/index.php?topic=2611605.0 and https://bitcointalk.org/index.php?topic=2400499.840 how TOKENPAY (NIMIQ'S INDIRECT PARTNER) SCAMMED 1 MILLION DOLLAR FROM PEOPLE.
In Arabic it is a saying: "Show me who your friends are, and I’ll tell you who you are". قل لي من صاحبك أقل لك من أنت NIMIQ PARTNERS SCAMMED 1 MILLION DOLLAR AND THEY HAVE A FAKE AND FRAUDULENT BANK ENTITY IN GERMANY. |
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Hi Everyone..
I am Jamal Aezaz.. I was hired as tokenpay's Bounty program manager.. I have worked with token pay for over 6 months as of now. but it has been the worst experience for me to working with them.. because Derek and His Team is one of those so many scammers who raised Millions of Dollars in ICOs. but when time of paying the supporters and Contributors come, they start making baseless excuses and try to save every single penny they can.
I just found this topic. The project claims false bold statements "the world’s most secure coin and payment platform". That is totally false and a BIG LIE as its blockchain explorer shows that most transactions are not using Ring Transactions or zk-snarks. That is a big lie. More, I did a deeper research on WEG Bank AG in this topic and I found out that WEG Bank AG is a scam bank with no customers, products, branches, income and services looking only for make noise in the space with fake news to deceive newcomers to invest into tokenpay and nimiq.WEG Bank is SCAMHere are some of the proofs that show that WEG Bank is a scam I have been doing some research on the so-called "WEG Bank". Proven facts:
1. NO CUSTOMERS. They don't have any customers who is using the "WEG Bank AG" registered in Germany.
2. NO BRANCHES. There are no branches in Germany or worldwide.
3. NO PRODUCTS. They don't have any product to facilitate customers to interact with the bank. No Web Products, no software products, no mobile apps. Nothing.
4. NO REAL PARTNERS. They don't have any provable partner in place that is actually doing something except press releases.
5. NO BANK PARTNERSHIP They don't have any partnership with any other REAL bank world-wide. As you may know, it is mandatory for a bank to have partnerships with other banks to operate national and worldwide money transfers.
6. SHARES WORTHLESS. Their shares on this "bank" are so worthless, that they gave 10% of the bank shares to Litecoin Foundation (a non-profit organization). WTF. How could a bank donate 10% of its shares to a non-profit organization? Even so, it is so illegal that they donated 10% of their shares to a non-profit organization, in case they had any customer. But in reality, they don't have any customer.
7. LESS THAN 5 PEOPLE EMPLOYED. Most probably they have only 1 person hired (namely their CEO ). The website most probably was built by a paid freelance.
8. WEBSITE IS A CMS THEME. The website is a fucking CMS website. They use Contao Open Source CMS. WTF
9. RECENTLY CREATED - JUNE 2015. The company was recently created in June 2015.
10. NET INCOME: 0 EURO IN 2017. According to banking public information: the net income is 0 (ZERO) euro in 2017
WEG Bank AG is a scam. They are just a small company trying to deceive people into believing that they are a huge bank facilitating millions of new people crypto adoption into the banking system. Most probably they receive generous funds from crypto projects to create fake partnerships on press releases. For instance: tokenpay which definitely paid generous bonuses to make a press release that they have partnered up.
Worthless partnership fact:
About 9 months ago, the partnership with TokenPay was made. Nine months had passed and there is no product, no service made that came up of this worthless partnership. All these facts makes me believe that WEG Bank is a scam and a fraud company to deceive crypto investors.
Feel free to discuss other reports on the WEG Bank AG scam.
Full Topic https://bitcointalk.org/index.php?topic=5116099.0 |
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I just found this topic https://bitcointalk.org/index.php?topic=2400499.0⚡[ANN] TOKENPAY ⚡ SCAMMED 1 MILLION $ FROM BOUNTY AND REFERRAL PROGRAM ⚡Hi Everyone..
I am Jamal Aezaz.. I was hired as tokenpay's Bounty program manager.. I have worked with token pay for over 6 months as of now. but it has been the worst experience for me to working with them.. because Derek and His Team is one of those so many scammers who raised Millions of Dollars in ICOs. but when time of paying the supporters and Contributors come, they start making baseless excuses and try to save every single penny they can.
WEG Partner is TokenPay ANOTHER ICO SCAM. Like you may know, Nimiq partnered up with WEG Bank AG ( which was proven by me it is a scam bank ). More, the WEG Bank AG partnered up 6 months ago officially with TokenPay, an ICO that scammed Bounty and referral program with over 1 MILLION DOLLAR
“TokenPay is a Scam – Blasts Tone Vays with a Disclaimer to Piss Off every Litecoin Believer
https://coingape.com/tokenpay-scam-tone-vays-disclaimer-piss-off-litecoin-believer/
read it and be amazed about WEG Bank partner (nimiq indirect partner). |
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I have been doing some research on the so-called "WEG Bank". Proven facts:
1. NO CUSTOMERS. They don't have any customers who is using the "WEG Bank AG" registered in Germany.
2. NO BRANCHES. There are no branches in Germany or worldwide.
3. NO PRODUCTS. They don't have any product to facilitate customers to interact with the bank. No Web Products, no software products, no mobile apps. Nothing.
4. NO REAL PARTNERS. They don't have any provable partner in place that is actually doing something except press releases.
5. NO BANK PARTNERSHIP They don't have any partnership with any other REAL bank world-wide. As you may know, it is mandatory for a bank to have partnerships with other banks to operate national and worldwide money transfers.
6. SHARES WORTHLESS. Their shares on this "bank" are so worthless, that they gave 10% of the bank shares to Litecoin Foundation (a non-profit organization). WTF. How could a bank donate 10% of its shares to a non-profit organization? Even so, it is so illegal that they donated 10% of their shares to a non-profit organization, in case they had any customer. But in reality, they don't have any customer.
7. LESS THAN 5 PEOPLE EMPLOYED. Most probably they have only 1 person hired (namely their CEO ). The website most probably was built by a paid freelance.
8. WEBSITE IS A CMS THEME. The website is a fucking CMS website. They use Contao Open Source CMS. WTF
9. RECENTLY CREATED - JUNE 2015. The company was recently created in June 2015.
10. NET INCOME: 0 EURO IN 2017. According to banking public information: the net income is 0 (ZERO) euro in 2017
WEG Bank AG is a scam. They are just a small company trying to deceive people into believing that they are a huge bank facilitating millions of new people crypto adoption into the banking system. Most probably they receive generous funds from crypto projects to create fake partnerships on press releases. For instance: tokenpay which definitely paid generous bonuses to make a press release that they have partnered up.
Worthless partnership fact:
About 9 months ago, the partnership with TokenPay was made. Nine months had passed and there is no product, no service made that came up of this worthless partnership. All these facts makes me believe that WEG Bank is a scam and a fraud company to deceive crypto investors.
Feel free to discuss other reports on the WEG Bank AG scam.
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There is no meaningful discussion going on here since weeks, only circle-jerking of people claiming everyone that is only loosely connected to Nimiq is a scam (including a registered German Bank, projects like TokenPay and the Litecoin Foundation). Probably next week, the foundation authority of Switzerland is a scam because they allow Nimiq Foundation to act as a non-profit. Or Lisk, because they want both chains to coexist (both trying to be developer friendly and targeting JavaScript developers).
I think moderators should really close this thread. Or finally make a rule that scam accusations belong only in the scam accusation forum and not in the Nimiq thread, especially if the projects accused to be a scam are not even Nimiq....
So you are just implying telling us that TokenPay is legit Right?
https://github.com/tokenpay
GitHub with 8 commits in 12 months.
GitHub with 15 commits in 3 YEARS!!!
Great achievements made by your partner Tokenpay. Tokenpay claims false information on their websites being the most secure and anonymous coin on the internet which is false. Their websites title is "TokenPay | The World's Most Trusted And Secure Coin". This claim is totally false. Their blockchain explorer is using neither Confidential Ring Signatures nor Ring Signatures. Check the explorer before stating false information in order to deceive investors telling us that nimiq, tokenpay and WEG bank are legit companies. TokenPay uses false claims and fake information to sell their products.
Regarding the great "WEG Bank" you have partnered up.
It doesn't have customers, not even one.
It doesn't have bank branches, not even one.
They don't have products, not even one.
I can bet this bank has less than 5 people hired.
Everything is fake about the mysterious bank "WEG Bank", the other partner "TokenPay" and the shitcoin ICO "Nimiq". |
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WARNING: Nimiq's next Ponzi scheme
Nimiq plans another scam because they run out of ICO money.
This "stablecoin" is just yet another attempt to scam people by selling worthless tokens.
It sounds all nice, but there's just one problem: as with any Ponzi scheme, the value of your investment is stable until the bottom falls out, and it becomes worthless. Your money, meanwhile, is in the pockets of the scammers.
yes yes. i can confirm. they want to switch to PROOF OF STAKE to make a ponzi scheme staking with vesting/GENESIS coins. this is why they buy coins from the market. project turns out to be a scam. stay out of scam!!!
WEG is just another scam like scamiq. WEG Bank (with ZERO CUSTOMERS / USERS AND ZERO REAL PARTNERS) had partnership with a 100% scam project possibly ICO. Namely TokenPay. The project started in 2015 and it is just a Bytecoin fork with 55 commits on github. The project is also dead. In the last year they had only 8 fucking commits!!!
https://www.tokenpay.com/whitepaper.pdf PDF SCAM with no value inside just empty pages with nonsense text
Check their github https://github.com/tokenpay TokenPay and WEG are both just scams.
Great research nimiqshitcoin!
This whole scam will fall apart. It's only a matter of time....
To be honest, the deeper you dig on this project, the shadier it gets. Now, I don't even doubt that in a year or so, we will see some of these people behind bars. |
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WARNING: Nimiq's next Ponzi scheme
Nimiq plans another scam because they run out of ICO money.
This "stablecoin" is just yet another attempt to scam people by selling worthless tokens.
It sounds all nice, but there's just one problem: as with any Ponzi scheme, the value of your investment is stable until the bottom falls out, and it becomes worthless. Your money, meanwhile, is in the pockets of the scammers.
yes yes. i can confirm. they want to switch to PROOF OF STAKE to make a ponzi scheme staking with vesting/GENESIS coins. this is why they buy coins from the market. project turns out to be a scam. stay out of scam!!!
WEG is just another scam like scamiq. WEG Bank (with ZERO CUSTOMERS / USERS AND ZERO REAL PARTNERS) had partnership with a 100% scam project possibly ICO. Namely TokenPay. The project started in 2015 and it is just a Bytecoin fork with 55 commits on github. The project is also dead. In the last year they had only 8 fucking commits!!!
https://www.tokenpay.com/whitepaper.pdf PDF SCAM with no value inside just empty pages with nonsense text
Check their github https://github.com/tokenpay TokenPay and WEG are both just scams.
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WARNING: Nimiq's next Ponzi scheme
Nimiq plans another scam because they run out of ICO money.
This "stablecoin" is just yet another attempt to scam people by selling worthless tokens.
It sounds all nice, but there's just one problem: as with any Ponzi scheme, the value of your investment is stable until the bottom falls out, and it becomes worthless. Your money, meanwhile, is in the pockets of the scammers.
yes yes. i can confirm. they want to switch to PROOF OF STAKE to make a ponzi scheme staking with vesting/GENESIS coins. this is why they buy coins from the market. project turns out to be a scam. stay out of scam!!!
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