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Always a good idea to use chkrootkit in linux installs. Install it, open a terminal, enter sudo chkrootkit
It should show you anything suspicious.
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Women are among the biggest group of spenders and potentially the one that would accept bitcoin and bring it to mainstream adoption. Too bad bitcoin has not yet been really successfully in the retail section. Imagine swiping the phone to pay for the designer clothes and you are good on the go.
This guy hit the nail on the head. Women love to shop and spend money. Get btc into retail and women will be the biggest btc spenders by far. Guaranteed. |
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Is it a scam?
I don't think its a scam. There is not much to show for millions of dollars. I would be interested to see if there is any accounting for the money at all. It should be public record after all its the public's money. |
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All altcoins except for the pump/dumps of the day have taken a beating. What can we thank for this?
Good coins are paying for all the SCAMS we have to endure. If people ignored the shitcoin announcements and FFS quit buying into IPO scams, money may flow back into good projects.
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I'm not really into Ripple anymore to be fully honest. A lot of the trustability has gone over the last year and the supply keeps increasing and they keep trying to keep there momentum up but as you notice keep failing at it too .. I personally keep out of ripple and just got my stakes in BTC mainly and NXT too. My 2 bets I hold on !
Did you consider Nem (Xem) New Economy Movement which is an improved version of NXT? https://bitcointalk.org/index.php?topic=654845.new#newMust you really spam every thread with your NEM bullshit? I don't go to nem threads shilling my bags. My advice to readers is avoid this shit like the plague. |
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I don't agree with the way they went about raising funds, it was probably Charles Hoskinson's idea. I didn't purchase "ethers", considered it more a donation than an investment.
Despite spending months of my life trying to figure out the legal and tax implications of it and even moving to Switzerland for three months, I was always against the ether sale and wanted to take VC money. It made a hell of a negotiating point for valuation, but introduced a terrible moral hazard of having no fiduciary responsibility behind the enormous sum raised. Also no formal due diligence process would be applied to the core team. If there was to be a sale, then I wanted two organizations to form with a VC funded for profit building the initial protocol and then a sale at the time of launch to fund a foundation with a separate board managing it. This would create a clear separation of concerns and avoid conflicts of interest. Second, the risk to ether purchasers would be substantially less and would have eliminated the need and justification for a premine altogether. Obviously that didn't happen and the project decided to use the sale to fund some sort of bizarre swiss NPO funding a pesudo for profit in England two months after I left in early June. Since then they've apparently spent or lost 14 of the 18 million raised and have missed two launch windows for a command line barebones version of the software. Second, they've experienced terrible mission creep with a mandate to re-invent the internet as opposed to simply giving the space a much better foundation to build cool blockchain centric applications and protocols. I'm honestly not sure what ethereum is anymore? Whisper, Swarm, Golem, Holons, Open Org, 4 new programming languages, DAOs??? In any event, don't blame people you've never met for things you know nothing about. Ethereum would be a very different project if I was still there. I'm not and they don't even have me listed as a founder nor did Mihai even mention me once in his history of the project. Thus I suppose I never played a meaningful role. Thankyou for your eye opening post. |
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I think Poloniex is the safest and most honest for altcoin trading. They do make an attempt to filter scam coins and paycoin(XPY) would be an example.
The only thing that pisses me off is delisting coins which most exchanges do.
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Well, I believe he isn't going to just take the money and run without giving his best effort. I don't know him personally but he doesn't seem like the type. Faith is good. I'm not saying anyone is going to run off with Ethereum ipo funds. Let's face facts: They were paid upfront so to speak. No one to answer to and no contracts. Nothing binding, no time frame, nada. The money is theirs, no strings, plain and simple. I reiterate the OP's question: Innovation. Bring in 30,000 btc on the power of faith is bloody amazing. That's innovation. |
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Once someone buys a shitcoin they are emotionally invested. They bought the coin with dreams of riches. Anyone imposing on their dream is the enemy. It doesn't matter how scammy the coin is. It's pretty funny actually.
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That's not entirely true Conditions of the IPO were crystal clear: "Risk that the Ethereum Platform May Never be Completed or Released Purchaser understands, that while the Ethereum Team will make reasonable efforts to complete the Ethereum software, it is possible that an official completed version of the Ethereum Platform may not be released and there may never be an operational Ethereum Platform." They promised nothing and they were upfront about it in writing. Whatever Vitalik 'said' is moot. |
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What is Ethereum??? and why is very innovative??? What makes it innovative? The most money ever brought in by IPO on the promise of NOTHING. That is innovation my friend. Actually the programming language on the blockchain has been around since pre-funding. Decentralized exchange, government, etc has already been built. It isn't that people have trouble explaining it - there's just much hostility from the altcoin forum. I would chalk it up to the IPO but much less hostility has existed towards outright scams (Paycoin, Blocknet, etc). Kinda impossible to build a programming language from the ground up on the blockchain and do nothing. Maybe it will fail but there's a reason IBM picked Ethereum over bitcoin codebase. They promised nothing but they have produced some code. In fact, counterparty utilizes some of it. |
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as the price returns to normal. To elaborate further: as the price drops forever till shitcoin is delisted at exchanges everywhere and you are now the proud bagholder of worthless coins. Speaking from experience ... dammit. |
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People still throwing money away on IPOs. Sad.
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What is Ethereum??? and why is very innovative??? What makes it innovative? The most money ever brought in by IPO on the promise of NOTHING. That is innovation my friend. |
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Are people still talking about this guy. I though he was locked up in jail for the fraud he did. Am I wrong?
The scam keeps escalating. Now Cryptsy is involved. Who knows the true scope of this scam. The scam is so complex now, law enforcement will never get to the bottom. |
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Simply put, Ethereum's DApp network Gaw's Paycoin and BlockNet's xbridge (decentralised cross-chain communication) would be a perfect marriage. If this is the case, it would be fantastically beneficial for both projects. |
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The only way to make money trading to know more about the thing you are trading than the people you are trading with. If you trade based on charts or speculation or rumor, you are going to lose to the people that actually know what's going on.
Don't believe most of what other people say. They know a lot less than they think they know.
Don't get suckered by people selling stuff books and bots and get-rich-quick schemes. There is no successful trading strategy. Successful trading is opportunistic -- you see an opportunity and you take it.
Finally, don't fall for the pump-and-dump scams. If you aren't the one doing the pumping, then you must be the victim.
Best advice ever. Trade with chump change for fun. Don't put any serious money into it. Altcoins are a losing proposition these days. |
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Thanks Shapeshift! Awesome news!
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Cryptsy has been implicated in the Paycoin/Garza/Gaw scam/scandal. I guess this is no surprise, exchanges have proven to be "shady".
Mint would be better served to distance themselves from Cryptsy.
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