Hello people! Who knows what a parody of Bitcore appeared on the Coinmarketcap with the same name Bitcoin X (BTX)? Why are they doing that? I would understand it if Bitcore was very popular and famous.
i wrote them a post about this last week and got one reply. here's a link to the reply which quotes my post. they don't seem very active :
https://bitcointalk.org/index.php?topic=4917645.msg47771066#msg47771066i also have a utility i wrote that scans bitcoin forum threads for accusations of scams (and other things). one person noted that the name "bitcoinX" has actually already been used - for a previous scam - and that person suggested that the reuse of names (both the coin name bitcoinX) is a ploy sometimes used by scams to create confusion. I'm not making a judgment as to whether bitcoinX is a scam, i'm just noting what others say.
here is some output from my utility when I ran it against the 'other' BTX last week :
Token/Coin Name : Bitcoin X
Initial forum page :
https://bitcointalk.org/index.php?topic=4917645 Website :
https://bitx.tk/ Industry : Cryptocurrency
Business Problems Purportedly Mitigated by Token/Coin Use:
The most commonly used cryptocurrencies are not scalable1
The speed of cryptocurrencies does not compare with paypal or visa2
source: Bitcoin X Whitepaper, section "Introduction"1, "Transaction Processing speed comparison"2
The following documents were referenced within
https://bitx.tk/: (last accessed on Nov 06, 2018)
https://bitx.tk/pdf/whitepaper.pdf Whitepaper
https://bitx.tk/pdf/Advantages.pdf Advantages
forum activity
Forum Analysis - performed on Nov 07, 2018, at which point the forum contained 5 web pages, with a total of 86 posts.
Original Poster posted on August 18, 2018, 05:16:18 AM
Last Post posted on November 07, 2018, 12:32:23 PM
The Original Poster appears to be on the project team.
(graph follows showing frequency of post activity from august 18th to November 7th)
No activity by fake accounts was detected in the chart above
The team appears to have contained, over the forum analysis period, at least 1 team member that contributed forum entries as users of the forum
User Sample Post Num Posts Most Recent Post
TM1 page 1, post #11 19 November 04, 2018, 05:54:20 PM
("page 1, post #11" links to
https://bitcointalk.org/index.php?topic=4917645.msg44302221#msg44302221)
The forum analysis period ran from August 18, 2018 up to November 07, 2018
abandonment
The forum appears to contain at least 1 user who suspects that the team members have abandoned supporting the coin. These posts and their replies should be checked to gauge if the suspicions may be well-founded
User Sample Post Sample Text Date
AB1 p. 4, #62 waiting for the updates and hope November 04, 2018
replies: none
The most recent activity by a team member, during the forum analysis period, is November 4, 2018. (see team page for details). This is later in time than all of the above concerns. Therefore none of them need be considered.
fraud
The forum appears to contain at least 5 users who suspect the coin is a fraud or could be used to commit fraud; or is willing to discuss such a possibility. These posts and their replies should be checked to gauge if the suspicions may be well-founded.
User Sample Post Sample Text Date
FD1 p. 1, #15 even research before you scam? August 19, 2018
replies: p. 1, #19
FD2 p. 2, #36 n this seems suspicious to me as October 25, 2018
replies: p. 3, #43
p. 3, #48
p. 4, #64
p. 4, #78
FD3 p. 2, #38 of a pump and dump coin. Free dom October 25, 2018
replies: p. 3, #48
FD4 p. 3, #53 ny of your team members so please November 04, 2018
replies: p. 3, #57
p. 4, #65
FD5 p. 5, #82 am ...is there no issue of scam . November 06, 2018
replies: none
note the output of my utility is in pdf format, so all of the above "sample posts" link to the actual post in the forum. I've copied each link's target here for ease of checking on these :
p. 1, #15
https://bitcointalk.org/index.php?topic=4917645.msg44329046#msg44329046p. 1, #19
https://bitcointalk.org/index.php?topic=4917645.msg44412561#msg44412561p. 2, #36
https://bitcointalk.org/index.php?topic=4917645.msg47270440#msg47270440p. 3, #43
https://bitcointalk.org/index.php?topic=4917645.msg47270959#msg47270959p. 3, #48
https://bitcointalk.org/index.php?topic=4917645.msg47271234#msg47271234p. 4, #64
https://bitcointalk.org/index.php?topic=4917645.msg47588011#msg47588011p. 4, #78
https://bitcointalk.org/index.php?topic=4917645.msg47625738#msg47625738p. 2, #38
https://bitcointalk.org/index.php?topic=4917645.msg47270583#msg47270583p. 3, #48
https://bitcointalk.org/index.php?topic=4917645.msg47271234#msg47271234p. 3, #53
https://bitcointalk.org/index.php?topic=4917645.msg47583835#msg47583835p. 3, #57
https://bitcointalk.org/index.php?topic=4917645.msg47585066#msg47585066p. 4, #65
https://bitcointalk.org/index.php?topic=4917645.msg47588114#msg47588114p. 5, #82
https://bitcointalk.org/index.php?topic=4917645.msg47634638#msg47634638in particular see page 2 # 38 and it's reply page 3 # 48
Thank you for the detailed answer and for delving deeply into this question. It was very interesting to read. F****ng scammers everywhere.
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