No oversight on the asset exchange and then investor euphoria - you end up with these stories.  That lee guy gave John 50 BTC but we don't know how much Lee invested into the cointropolis asset or if he had gave prior money to John.

This is all bigger than you all think.  John likely got off with $250K+.

Over 1+ million NxT - which a guesstimate is somewhere a bit under $80K or $90K.  Then the 200 BTC on top he just stole.

As I said no one has gone to jail yet for scamming in crypto.  Charlie Shrem is currently in court (unless it already ended) but that was due to being arrested by the DEA / drug enforcement agency.

Mark Karpeles got off with tens of millions.  There are lesser scammers, even going years back, who stole six figures and nothing happened to them - despite all the evidence and incriminating public information

What was it then?  Until this story is cleared up, we can assume all the NxT that went into the Cointropolis Asset is gone.  As well as any private investors into Cointropolis.

I don't dismiss hack defenses but the hack defense never looks credible when it is applied to someone lacking in credibility.  If we take BM's word, then John was never a credible person to begin with.   Anyone can hack themselves with TOR and claim someone else did it.  

It vaguely echos Fuserleer from eMunie who recently claimed to had been hacked, but this was a guy who was accused back in February of lying on his linkedin, posting on whitehat-blackhat forums, had a court order against him from paypal and was accused of stealing thousands on other internet websites.

I'm less familiar with this John, as he came into NxT long after I did, but I have a haunch that there was no hack.

Double topic

If there were potential legal repercussions- I wouldn't admit being the voice over actor who has been complacent with scams.

I heard both videos and it sounds like the exact same person to me, the 'difference' in the voice seems to be on the recording end, imho.

John (Peter Manglaviti) was essentially the public leader of NxT, he was the one who represented NxT's booth at several public conferences / expos and seminars and he was the man the public dealt with.  For all intensive purposes, while he may not had been a developer, he was essentially the public face of NxT.  He was the man the public saw at anything NxT and he was the one persuading people to buy it.


You assume it's just the BTC stolen.  Probably ran off with all the NxT he collected as well.  You assume "John" (Peter Manglaviti) is his real identity.  Linkedin profiles are easily just as faked as Facebook profiles.  The best fake linkedin profiles are those which combine truth with outright lies.

John wouldn't be the first person who thinks he can scam investors and get away with it.  After all, has the Visacoin guy gone to jail yet?  Has anyone actually gone to jail?  Even just one person?

 The statue of limitations for these sort of crimes is 7 years or less.  The time to investigate, acquire the evidence, book a court room hearing, et cetera, can take years, that's even IF the police can be bother to actually to issue a warrant.  They generally don't go after 'small fish' like John.  


 The only people who have been arrested in crypto currencies has been people like Charlie Shrem and mainly due to drugs / DEA.  I've yet to hear of a crypto scammer who has gone to jail, even with their personal details wide out in the open.

NEM never had an "IPO" - it had a "call for participation" and that is now over.  It's currently token trading and now it's over $1500 per stake.

Some think it's overpriced but don't forget that a first generation $hitclone Dog Meme (Dogecoin) with broken mechanics (doge's inflationary model) was worth over $55 million in April.  Why was it worth that much?  Community.  Bitcoin itself is worth several billion and it stays there due to the community.  No amount of 'brute innovation' (e.g. NxT / Qora / Counterparty / Mastercoin) has come anywhere close dislodging Litecoin let alone Bitcoin.

 You need community + innovation to take on the LTC prince, emphasis on the former, and NEM shows good signs of being that candidate.    NEM token is so much because people have invested in its' community and innovation.


NEM is a genuine 2.0 crypto currency, with a new PoI (as oppose to PoS / PoW) and a distribution to over 2800 stakeholders community.  There are definite reasons why it's worth so much at the moment .  

It's not like Myspace died overnight - any early investor made bags of money off it and it was going up for practically 8 years. .

The problem in being a $Fiat millionaire w/ Bitcoin is you are indistinguishable from all the 'paper millionaires' these days.  Any boozoo these days can get a leased BMW from the bank and people can max out their mortgages to get a McMansion.   Who are you going to impress if the Jones' will take debt to look wealthier than you and Bob down the street is none the wiser?

http://www.youtube.com/watch?v=GSQ7GMQW2AM#t=97

NSFW.  This is what a chaotic state looks like.  Almost surreal, like something you would see in Grand Theft Auto.

Can you disclose your main Bitcointalk account?  I don't want to buy something from an anonymous developer.

Not really.  Your posts had no impact on NEM price.  The initial dump on the asset exchange was holders reading UtopianFuture's statement and the ambiguous future of NEM until the developers stepped up and took over the project.  The developers were able to retain the finances and everything with no issue.  No one was interested in reading some Russian guy (who come from above) who "typ3 liek dis".  Price is back where it was days ago.

If you really want to troll people then hit up the NxT threads and forums, they go bananas over it.  If you're not eMule or 2Kool, you'ld be BFFs with them for sure.

You never had any NEM stake.  Why bother post on our threads anymore?  There's newer coins with IPOs still ongoing.

In other words you have no NEM stake.  Go troll Litecoin or NxT for a break.

If you already made this money then there's no harm in telling us which early sockpuppet accounts you have.

Of course you never had any stakes in NEM, or if you did, you only had one or a something and coincidentally fall into the 'dump FUD' rhetoric.  It's common for people to sell their coins and then troll the coin, because they can't stand the idea of something succeeding without them.  Many of the harshest critics of Bitcoin where those who sold their small stash and then trolled hard after it went up.

The real controversy was him sneaking around and trolling Sim Coin (an obscure coin) under a pseudonym.  That would be like Satoshi coming back and trolling Redd Coin or some obscure $hitclone.

  Ironically, that is almost never mentioned now.  The controversy has been shifted into a lie that UtopianFuture somehow has an army of sockpuppet stakes, but people misread the fees (as in the $5 UF sent in) to be same as having actual stakes.  The reality is that UtopianFuture only had two real accounts - the first being UF and the second being Ghosthouse, the latter claimed a token but has yet to sell it to anyone on the asset exchange.  In fact if you review the trade logs on the exchange, if there was a mega whale, nothing indicates a whale dumping on the asset exchanges.


The trolls keep asserting that the burden of proof / negative proof is on us to prove otherwise, but it's a bit absurd and irrelevant.  For one ,we had taint analysis.  Second - UtopianFuture was already busy organizing NEM all the time and his account was always logged in whenever I checked.  When did UF have the time to bypass taint analysis to create an army of socks?

  What was the reward in doing so?  200 stakes out of 4000? (5% distribution?  Has to keep it a secret?  Many coins have developers who openly took 50%+ of a coin for themselves).  With all the anti-spam measures on this website, creating taint free wallets and covering tracks - you're talking about hundreds of hours of repetitive account creation at a time when NEM had zero value months ago.
 
  If UtopianFuture was in it for money he would had pulled a $hitclone or would had done a traditional IPO scam.  That's just my two NEM.

Nope.  For a day he was committing fraud and tried to pass himself off as NEM's ambassador but then he quickly returned to openly writing anti-NEM things.  Now he's targeting Litecoin.  

He's been talking smack about almost every coin, look at his logs and he even talked smack to NxT.  I'm assuming he's a Sim Coin or a Qora holder, great to know they have solid people among their ranks.

Throw in 1 BTC in October.  Two months later, you have $5+ million.  Not counting those 'lucky' 20 wallets which were probably 5 people with socks, since there was no taint analysis or anything.

If I woke up one morning with $25 million from a mere fluke and my coin got outted out as a distribution scam, I would be dumping too.

Such is NxT coin for BCnext and friends.  "Buy NxT while it's cheap" (and make BCnext a billionaire)