PSA WARNING!

Be advised that this coin project has been exposed

as nothing more than the usual pump-and-dump clone-coin

scam, with fake trading volume on YoBit and frequent

forum posts containing false claims about commercial interest

in it, even though it lacks any useful tech or innovation.


Avoid at all costs.

Scam accusation thread with details here: https://bitcointalk.org/index.php?topic=2198496.new#new

LMAO! Sure, kiddo, because it would be absolutely impossible for anybody to register a domain or facebook page using that name, right?
https://bitcointalk.org/index.php?topic=1579412.0


By all means, though, feel free to harass whoever is behind those websites.

Anyway, in the meantime, I'll get back to advising people why they need to stay away from this shitcoin project...

Quelle surprise!
cryptovore.com

I'm thinking it's not going to be much of a surprise to find out that 'Virta Unique Coin' is yet another scam.

Let's look again at the OP:

WhoIs: Cryptovore.com

So a private domain sets up a blog only a few weeks before this shitcoin launches and advises how to mine this coin as well as posting 'exploratory' analysis of just why this coin is totes legit and should be mined/bought:

Don't forget to note how this is from a 'user', right?

But of course it is actually from one of the 'dev team' as nobody outside of scammers and noobs would give this bullshit 'innovative' coin a passing glance

I'm not doing your research for you and to imply I should suggests an attempt to derail from the proven facts of this shitcoin which has promoted itself as:

Yet lacking ANY innovation other than its supposed claim regarding the 'ASIC-resistant' algo, something utterly pointless in a 100-day PoW.

So, again, a coin lacking any innovation, hyping itself on innovation and with a highly-suspect trading volume supported by shill accounts routinely posting reasons why this coin will moon and why people should most definitely not sell right now.

It is a duck.

I don't need irrefutable evidence, I need only suspect that they are scammers.

They, however, have done more than enough to prove I am right.

Where is this reasoned refutation? I haven't seen any, only spittle-flecked ad-hominem and rage at their scam being exposed.

But they are not doing something new. This whole "chuck another algo in" act isn't new, it was being done three years ago on numerous copy-pasta coins which were being launched every other minute.

No because Ethereum has always had the goal of switching to PoS at some point. No hardware manufacturer would take the risk of developing and manufacturing an ASIC for it.

Those terms aren't used as ad-hominem, they are used as factual labels to describe actual things.
1. The people perpetuating this scam are scammers
2. The people perpetuating this scam are obviously using trading bots to create fake volume
3. The only people falling for this are newbies to cryptocurrencies, otherwise known as 'noobs'.

Which part of the fact that you can cheaply buy white-label scripts and code to create these things sounds like these people must be legit because they 'created' these things?

1. Zero innovation
2. Absurd hype about utterly pointless 'ASIC resistant' algo for mere 100-day PoW phase
3. Whitepaper which contains nothing of substance other than hyping the pointless algo
4. Insanely high trading volumes for a coin with zero innovation or tech
5. A forum thread with numerous sock-puppet shill accounts which routinely post 'inside information' encouraging people to buy into this nonsense coin

If it looks like a duck...

You are being conned if the 'dev team' are promoting the coin off the back of a bullshit feature which is utterly irrelevant to this coin and have manipulated both the market through ridiculously high volume for a coin with zero innovation or tech and also fooled the community into believing it is a legitimate coin of size and scope so they can offload their bags of shitcoin for bitcoin.

This isn't the first shitcoin scam and it unfortunately won't be the last.

So what if other coins were to use that algo? That doesn't benefit this coin.

Do you understand what ASIC-resistant actually means? It is simply down to whether the component parts of a dedicated ASIC mining device for that algorithm would be sufficiently profitable to assemble and produce to mine a coin efficiently. If a full-time PoW coin has a very large market-cap and high value for a sustained period of time then market forces dictate than an ASIC miner will ultimately be produced for that algo.

In any event, it is irrelevant, my point is that the whitepaper, which is absent ANYTHING of substance, is almost entirely dedicated to talking up the ASIC resistance as its innovative tech when it is only going to have a 100-day PoW period. There is absolutely no reason for its brief PoW algo to be the mainstay of it supposed tech.

That is where you and every other FOMO-suffering noob are being conned.

As for:
So what? Cut-and-paste 'features' of most other shitcoin scams.

Most of the code for these things is simply bought for a few bucks and re-skinned.

Oh. Lookie, yet another scammer shill account:

FFS, could you be any more obvious?

I'll give you one more shot to be honest in your replies.

You absolutely have not responded to any of the facts I have mentioned, so stop claiming you have.

Claiming that because the coin has had exceedingly high trading volumes since launch is not a rebuttal of the point I raise about it clearly being faked volume. This coin has NOTHING which would explain why it would be getting such high trading volumes, so clearly this volume is merely intended to fake a market interest which does not exist.

This coin has been promoted almost entirely on this ridiculous algo being ASIC resistant. This ONLY matters for a coin which is going to remain PoW for its lifetime, not when it is a 100-day PoW which could use any other algorithm already in existence for which no ASICs can mine. So for it to feature as the single biggest 'tech' in the vapid 'whitepaper' it clearly is attempting to fool the ignorant and gullible into believing it is a significant feature.

I wonder if you are intentionally pretending to be so naive as to not understand how they are defrauding people. The marked scammer forum accounts obviously point to the scammers being miners, so they hype the coin while mining it, ensuring there are plenty of posts encouraging other miners to hodl their coins while they sell theirs on an artificially-inflated market which is pumped with fake trading volume.

They are offloading their mined shitcoins for bitcoins. That is the scam and that has always been the scam.

But I suspect you already know this.

I am posting objective facts, they are posting angry vitriol.

Look at the OP:

The only two 'features' mentioned are something to do with "Your crypto identity", which isn't even a thing in the whitepaper and the 'New' algorithm, which concerns only the 100-day PoW mining period.

Why do you think a legit project would be hyping their coin on two elements which have no purpose whatsoever?

Because it is nothing more than a cynical grab for cash.

The 43BTC trading volume on YoBit for the past 24 hours is fake. For a coin to be getting those numbers through legitimate trading it requires that it be considered a valuable technology by serious investors, which this coin is clearly not as it does not have any valuable tech.

Which means that those 43BTC of trades are largely fake volume and that only occurs when the 'project' is trying to con people into thinking it is a valuable coin in order to get them to buy in so the scammers can offload their bags of shitcoins in exchange for the, actually valuable, btc.

Hence the practice of them posting about how Bitcoin is apparently just as much a shitcoin, along with, as you will see if you look through this thread, many posts advising users of the supposed wisdom of not selling their coins right now because [insert arbitrary reason or promise of 'moon' here].

Either the legit ones have innovative and unique tech which elevate them above other projects, or they are promoting themselves through association with legit commercial platforms.

This coin, just like all the other shitcoins, has nothing to differentiate it from them. Nothing.

They trumpeted the utterly useless 'ASIC resistant' PoW algo for a fucking 100-day PoW period and the rest of the whitepaper is void of anything. All they've done since then is follow the usual practice of developing the fake interest and fake market volume to draw noobs suffering from FOMO into buying in to the coin.

Plus you cannot deny the obvious fact of the scammer accounts in this thread. Check their post history and the vitriol of their ad-hominem attacks attempting to obfuscate the truth in order to save their scam from collapsing before they've milked it for all they can.

Noob account with ONLY Signatum posts, obvious scammer operated account.

Fine, seeing as you're opting for the usual tactic of burying this matter under faux-outrage, I'll adopt a different approach.

Another one, post history ENTIRELY Signatum with a few mining ones at the beginning. Another scammer account.

Aaaaand here come the 'shit we need to quickly bury his posts' meme response from, YET AGAIN, another account with a post history consisting ENTIRELY of Signatum and mining threads.

I see the common theme is developing.

So it would appear that, indeed, the scammers are using multiple accounts to post in the same sort of thread patterns, rather than the more easily recognised endlessly-repeating excessive posting method which previous scams have employed.

Says the guy who has a post history consisting ONLY of Signatum threads. I'm reckoning you're a scammer account.

You see, there's going to be two types of responses to the fact I've started alerting noobs to this shitcoin scam:

1. Angry ad-hominem and irrelevances from the scammers themselves, posing as legit users
2. Angry ad-hominem and irrelevances from the noob victims who are suffering from what is knows as 'sunk cost' fallacy of reasoning, namely, they desperately need to believe this coin isn't the scam it actually is, because of the mining/buying they've already put in to it.

In any event, neither provide an actual rebuttal to the facts I have pointed out.

Says the noob account who has only posted in this and GPU mining threads. Pretty much proving my earlier point about scammer accounts.

Hahahaha! Yeah, it's exactly the same routine as usual then. Attack the messenger because you can't rebut the message.

Hmmm, deluded fanboi or scammer account?

Why would I be posting about the obvious signs that this is yet-another-shitcoin scam? Perhaps because it is and perhaps because I am trying to save some people from losing any more of their bitcoin to these scumbags.

EVERYTHING about this coin, from the ridiculous and utterly useless 'ASIC resistant' algo,  the vapid whitepaper-that-isn't-actually-a-whitepaper to the insanely artificially high trading volume on YoBit, scream that it is just-another-shitcoin-scam.