sato_shi_ate - he cant beat out google SEO. we can put the truth out there on the web for people to read for themselves.

lets all work together to bring TRUTH and HONESTY to Crypto Bible projects

Is Biblepay a scam?! Ponzi scheme of Biblical proportions using orphans as its cover?

Do your research very carefully before investing.

this is unacceptable behavior for a 'christian' ministry to the poor

I was warning the community at large about them until I got banned. I will put forth my findings again here.

This appears to be a scam. The story so far:

Part 1- The setup

1- 'Rob' (anonymous figure who refuses to reveal) forks Dash codebase
2- Novelty feature of 'biblehash' developed and marketed as way to defeat unfair mining by GPU
3- 'Rob' designs coin to be VERY VERY HIGHLY inflated. 20,000 block rewards every 7 minutes
4- 'Rob' markets coin as a 'bible'/'christian' currency to help orpahs
5- 'Rob' works with 5 devs and partners to execute plans fast

Part 2 - The instamine - how to get millions of coins before anyone else!

(done before with Dash see: https://bitcointalk.org/index.php?topic=999886.0)

6- 'Rob' announces coin on bitcointalk. Claims no pre-mine or ICO
7- 'Rob' along with devs/partners mine coin with very large hashrates before anyone else. This can be verified on blockchain (http://biblepay.inspect.network/ - note: the blockchain only goes back last 100 entries!!).
8- 'Rob' appears to delay allowing others to mine. Other devs post on forum of their success with mining. Likely they are the dev team, partners, or just fake information
9- Early minors report difficulty mining, getting software to work.
10- Pool shows very high hashing power from select users. Suspecting 'Rob' and his merry men have dominated the initial coins

Part 3- The dump on the exchanges

10- On same day of launch, 'Rob' announces a deal that coin will be listed on an exchange due to its charity function.
11- In aug the coin becomes listed. immediately MILLIONS of coins are dumped.

Part 4- Selling the masternodes <-- present

12- 'Rob' announces masternodes will go on sale on thanksgiving. 1.5 million biblepay units ($1200) per node.
13- At this point regular miners with simple hardware would never be able to mine those amounts. Though that was the intention of the coin in the first place!
14- 'Rob' is now cashing in with everyone buying units from him to buy into this masternode scheme

Part 5- Exposing the scam, banning critics, locking up thread from criticism

15- Once pieces were put together, 'Rob' was challenged. No specific response other than 'this person is trolling',etc.
16- 'Rob' closes down the thread and deletes any critical posts


I call on all people of integrity regardless of religion, to investigate this project. Those that are Christian must find it highly offensive that their Holy Bible is used as a vehicle for a ponzi scheme. Others should find it tiresome that the crypto world is polluted by yet another pump-dump coin.

How can you help?

IMMEDIATE ACTION STEP:

Ask 'Rob' to have his blockchain explorer show all mined blocks since the beginning so an accounting can be done. Transparency is a fundamental principle of blockchain. Why limit it to 100 recent entries 'Rob'?

https://bitcointalk.org/index.php?topic=2388064.new#new

1- Do an accounting of coins mined in first 24-48 hours. Someone with technical expertise should install 'inspect blockchain explorer' https://github.com/iquidus/explorer and run a report on amount of coins mined on first day/hours.  (this feature on bibleplay block explorer has been limited to 100 recent only)

3- Ask 'Rob' for accountability. challenge him on the new moderated thread. Do not stand for censorship or shaming. You will quickly find out he will censor you or delete posts that bring to light these issues. Why so much censorship?

4- Spread the warning that biblepay may be a scam / ponzi scheme. 'Rob' can not censor organic SEO discussion online.



Post this thread on
- http://www.reddit.com/r/biblepay
- tweet it #biblepayscam
- write blog articles and facebook posts
- make youtube videos exposing this

Further reading


Similar scam setup in Dash launch
https://medium.com/@omiros23/evans-and-dash-s-scam-story-add1f16528ae

Good idea starting this thread. I hope miners come here

Lets fork the project and put integrity and truth back into it

Is Biblepay a scam?! Ponzi scheme of Biblical proportions using orphans as its cover?

Do your research very carefully before investing.

this is unacceptable behavior for a 'christian' ministry to the poor

I was warning the community at large about them until I got banned. I will put forth my findings again here.

A Christian project should not be afraid of public scrutiny.

This appears to be a scam. The story so far:

Part 1- The setup

1- 'Rob' (anonymous figure who refuses to reveal) forks Dash codebase
2- Novelty feature of 'biblehash' developed and marketed as way to defeat unfair mining by GPU
3- 'Rob' designs coin to be VERY VERY HIGHLY inflated. 20,000 block rewards every 7 minutes
4- 'Rob' markets coin as a 'bible'/'christian' currency to help orpahs
5- 'Rob' works with 5 devs and partners to execute plans fast

Part 2 - The instamine - how to get millions of coins before anyone else!

(done before with Dash see: https://bitcointalk.org/index.php?topic=999886.0)

6- 'Rob' announces coin on bitcointalk. Claims no pre-mine or ICO
7- 'Rob' along with devs/partners mine coin with very large hashrates before anyone else. This can be verified on blockchain (http://biblepay.inspect.network/ - note: the blockchain only goes back last 100 entries!!).
8- 'Rob' appears to delay allowing others to mine. Other devs post on forum of their success with mining. Likely they are the dev team, partners, or just fake information
9- Real users report difficulty mining, getting software to work.
10- Pool shows very high hashing power from select users. Suspecting 'Rob' and his merry men have dominated the initial coins

Part 3- The dump on the exchanges

10- On same day of launch, 'Rob' announces a deal that coin will be listed on an exchange due to its charity function.
11- In aug the coin becomes listed. immediately MILLIONS of coins are dumped.

Part 4- Selling the masternodes <-- present

12- 'Rob' announces masternodes will go on sale on thanksgiving. 1.5 million biblepay units ($1200) per node.
13- At this point regular miners with simple hardware would never be able to mine those amounts. Though that was the intention of the coin in the first place!
14- 'Rob' is now cashing in with everyone buying units from him to buy into this masternode scheme

Part 5- Exposing the scam, banning critics, locking up thread from criticism

15- Once pieces were put together, 'Rob' was challenged. No specific response other than 'this person is trolling',etc.
16- 'Rob' closes down the thread and deletes any critical posts


I call on all people of integrity regardless of religion, to investigate this project. Those that are Christian must find it highly offensive that their Holy Bible is used as a vehicle for a ponzi scheme. Others should find it tiresome that the crypto world is polluted by yet another pump-dump coin.

How can you help?

IMMEDIATE ACTION STEP:

Ask 'Rob' to have his blockchain explorer show all mined blocks since the beginning so an accounting can be done. Transparency is a fundamental principle of blockchain. Why limit it to 100 recent entries 'Rob'?

https://bitcointalk.org/index.php?topic=2388064.new#new

1- Do an accounting of coins mined in first 24-48 hours. Someone with technical expertise should install 'inspect blockchain explorer' https://github.com/iquidus/explorer and run a report on amount of coins mined on first day/hours.  (this feature on bibleplay block explorer has been limited to 100 recent only)

3- Ask 'Rob' for accountability. challenge him on the new moderated thread. Do not stand for censorship or shaming. You will quickly find out he will censor you or delete posts that bring to light these issues. Why so much censorship?

4- Spread the warning that biblepay may be a scam / ponzi scheme. 'Rob' can not censor organic SEO discussion online.



Post this thread on
- http://www.reddit.com/r/biblepay
- tweet it #biblepayscam
- write blog articles and facebook posts
- make youtube videos exposing this

Further reading


Similar scam setup in Dash launch
https://medium.com/@omiros23/evans-and-dash-s-scam-story-add1f16528ae

amen brother

Is Biblepay a scam?! Ponzi scheme of Biblical proportions using orphans as its cover?

Do your research very carefully before investing.

this is unacceptable behavior for a 'christian' ministry to the poor

I was warning the community at large about them until I got banned. I will put forth my findings again here.

This appears to be a scam. The story so far:

Part 1- The setup

1- 'Rob' (anonymous figure who refuses to reveal) forks Dash codebase
2- Novelty feature of 'biblehash' developed and marketed as way to defeat unfair mining by GPU
3- 'Rob' designs coin to be VERY VERY HIGHLY inflated. 20,000 block rewards every 7 minutes
4- 'Rob' markets coin as a 'bible'/'christian' currency to help orphans.
5- 'Rob' works with 5 devs and partners to execute plans fast

Part 2 - The instamine - how to get millions of coins before anyone else!

(done before with Dash see: https://bitcointalk.org/index.php?topic=999886.0)

6- 'Rob' announces coin on bitcointalk. Claims no pre-mine or ICO
7- 'Rob' along with devs/partners mine coin with very large hashrates before anyone else. This can be verified on blockchain (http://biblepay.inspect.network/ - note: the blockchain only goes back last 100 entries!!).
8- 'Rob' appears to delay allowing others to mine. Other devs post on forum of their success with mining. Likely they are the dev team, partners, or just fake information
9- Early minors report difficulty mining, getting software to work.
10- Pool shows very high hashing power from select users. Suspecting 'Rob' and his merry men have dominated the initial coins

Part 3- The dump on the exchanges

10- On same day of launch, 'Rob' announces a deal that coin will be listed on an exchange due to its charity function.
11- In aug the coin becomes listed. immediately MILLIONS of coins are dumped.

Part 4- Selling the masternodes <-- present

12- 'Rob' announces masternodes will go on sale on thanksgiving. 1.5 million biblepay units ($1200) per node.
13- At this point regular miners with simple hardware would never be able to mine those amounts. Though that was the intention of the coin in the first place!
14- 'Rob' is now cashing in with everyone buying units from him to buy into this masternode scheme

Part 5- Exposing the scam, banning critics, locking up thread from criticism

15- Once pieces were put together, 'Rob' was challenged. No specific response other than 'this person is trolling',etc.
16- 'Rob' closes down the thread and deletes any critical posts
17- Block explorer has been limited to last 100 entries and can not search for genesis block. this is to hide the fact that 'instamine' was performed

http://biblepay.inspect.network/

I call on all people of integrity regardless of religion, to investigate this project. Those that are Christian must find it highly offensive that their Holy Bible is used as a vehicle for a ponzi scheme. Others should find it tiresome that the crypto world is polluted by yet another pump-dump coin.

How can you help?

IMMEDIATE ACTION STEP:

Ask 'Rob' to have his blockchain explorer show all mined blocks since the beginning so an accounting can be done. Transparency is a fundamental principle of blockchain. Why limit it to 100 recent entries 'Rob'?

https://bitcointalk.org/index.php?topic=2388064.new#new

1- Do an accounting of coins mined in first 24-48 hours. Someone with technical expertise should install 'inspect blockchain explorer' https://github.com/iquidus/explorer and run a report on amount of coins mined on first day/hours.  (this feature on bibleplay block explorer has been limited to 100 recent only)

3- Ask 'Rob' for accountability. challenge him on the new moderated thread. Do not stand for censorship or shaming. You will quickly find out he will censor you or delete posts that bring to light these issues. Why so much censorship?

4- Spread the warning that biblepay may be a scam / ponzi scheme. 'Rob' can not censor organic SEO discussion online.



Post this thread on
- http://www.reddit.com/r/biblepay
- tweet it #biblepayscam
- write blog articles and facebook posts
- make youtube videos exposing this

Further reading


Similar scam setup in Dash launch
https://medium.com/@omiros23/evans-and-dash-s-scam-story-add1f16528ae

interesting reading here on how Dash was created ... similar complaints/concerns with biblepay scam ponzi pyramid tactics

similar concerns I shared before being banned

https://medium.com/@omiros23/evans-and-dash-s-scam-story-add1f16528ae

warning. bible pay may be a ponzi scheme

https://bitcointalk.org/index.php?topic=2388502.0

what you fail to see is why a ponzi scheme as you just described should even be allowed to happen. especially using the Holy Bible as its selling point

capping miners would ensure very low and realistic coin supply. Biblepay already has 239 million coins LOL. Dash, which this coin is based on, has 7 million with max of 18 million. and its several years old

one has to ask why the need for 10x coins barely within 4 months of its existence? answer. because its the only way you can turn a buck off a 10 satoshi token. High volume is the only way to turn a profit here.

i understand some are here for the money and some are here for the Bible. The project teaml must pick what is more important as its core value. Integrity or quick bucks

these are noble thoughts. the reality is that at present

1. biblepay is traded on one exchange and isnt finding luck at others
2. you cant just sell 1 biblepay. you need to sell minimum 1000 biblepay for btc at that exchange
3. to get out your btc at that exchange, you need to sell 20,000 biblepay. and thats the fee they take!! $14 to get even one satoshi out to your own wallet

so:

you need to mine minimum 20,000 biblepay coins to finally sell 1 biblepay coin for 0.0009 usd.

there is exactly ZERO way a developing country person can make 'a couple dollars a month' mining and selling biblepay. 20,000 coins in a month and then you get 0.0009 cents?? no way you are making 'couple of bucks a month'

everything im telling you is absolutely true and you can do your own research at the exchange!


there is a flaw in the biblepay hash algo. it should cap out heavy miners. equal and constant shares should be the goal. that way this mess wouldnt exist in the first place
 
the only ones making a profit here are the early heavy hash miners. bibleponzi should be the name of this coin

You must be new here

ROI has been posted here

http://pool.biblepay.org/docs/roi.htm