Doesn't surprise me at all. Jawad has been desperately trying to sell this DeOS as an Ethereum competitor, so the idea of them claiming to be setting up their own DAOs on it is just more of the same.

BTW, if anyone reading this thread has actually purchased tokens in this ICO, can you vouch for having seen whether DeOS even exists as an actual platform? Outside of Jawad and Phil's imagination that is.

What I'd like to know is when the OMNI Foundation, who are supposed to be supervising this, approved of this change in the exchange-rate schedule for the ICO

Because people would have been influenced as to the decision to invest quickly before that first week rate expired, only to subsequently discover that the rapid reduction in the rate each week wasn't going to happen.

That is uber-shady behaviour and the execs at Omni sure as shit shouldn't have approved it.

That is if this sale is even being supervised by the Omni Foundation. We are, after all, talking about a claim made by Jawad Yaqub, who has an internet history of half-truths, lies and complete fabrication.

Your calculation didn't take into account the staged nature of the ICO.

But, here's funny for you, when I went just now to double-check the details for the ICO I found that they originally were quoting a completely different stepped-structure ICO.

Here's what they have been saying for the past several weeks:
https://cointelegraph.com/news/bitcoin-shower-for-razormind-3000-btc-after-one-week-of-crowdsale
28th July 2016

Which means you can't properly calculate how many btc they are claiming to have raised even though they state that as of last Friday they had sold 7.4 million of them, because you don't know how many were sold at what rate.

What is amusing and ever-so representative of this entire process of lies, fabrication and simply fucking winging it is this, COMPLETELY DIFFERENT, set of numbers they were originally stating at the start of the ICO:

https://cointelegraph.com/news/razormind-targets-ethereum-by-crowdfunding-deos-blockchain-on-july-15
12th July 2016 <=-- 3 days before the ICO begins

I don't need to think if the numbers on the screen are real or not real when the claimed business underlying them cannot possibly be making the amount of profit needed to offer their 'investors' the high returns they do.

Plastics recycling across the world is struggling to survive due to the slump in oil prices. None of them are making anything like the sort of income from it that Recyclix would have to be making.

Therefore the *only* way for them to be structured and offer the claimed returns that they do, is as a ponzi scheme.

That is not the point I was raising at all.

The point is to do with the 'system' of investment being acutely setup to ensure the minimal number of withdrawals and the maximum amount of fund retention, otherwise the ponzi *will* collapse.

Remember, they are not actually making any money, they are a ponzi scam. For all that 'profit' on the screen their users see after having deposited their own payment to Recyclix as the initial 'investment' and run through multiple 'cycles', it is crucial that only a tiny fraction of it is ever taken out of the system. Certainly it needs to be less going out than new deposits coming in, hence the push into new countries to con the poor and credulous out of their hard-earned money on the promise of insane returns.

They also count on newbies misunderstanding the process by way of their convoluted scheme involving the supposed handling of this waste and conversion into plastic granules, with many believing they will make a profit after the first five-week cycle, to find that the 'profit' only actually occurs by 'compounding', through restarting the cycle many times.

As people see the numbers on the screen reach larger and larger amounts they become more motivated to 'compound' that supposed profit, over and over again, thereby ensuring that their initial investment remains in the system.

For every user who does cash out more than they invested the 'profit' is simply money which other people deposited, who are going through their own repeat cycles and who haven't cashed out more than their initial investment and are equally hypnotized by the numbers on the screen.

But the whole system comes crashing down rapidly if they do not get more new deposits and, even then, as the number of 'investors' increases there is the fact that a larger amount of withdrawal requests will be being made, requiring EVEN MORE new investors be found to make deposits.

Then math comes along and blows the whole house of cards down.

When it goes it goes down real fast and the moment you start to hear of withdrawal requests not being processed is the moment it is too late because your subsequent withdrawal request isn't going to be processed, either.

What's the point of all those proofs of hundreds of bitcoin at your disposal if you aren't actually going to use them for the very thing you claimed you would?


So if you receive 50 Bitcoin in investment deposits you are supposed to leave those 50 Bitcoin untouched and, instead, use 50 of your own bitcoin and pay any profit you make to your investors.

Likewise, if you receive 1.8 Bitcoin in investment deposits you are supposed to leave those 1.8 Bitcoin untouched and, instead, use 1.8 of your own bitcoin and pay any profit you make to your investors.

The only roadblock I have hit is your dishonesty and weasel-words.

The negative rating will remain as you are patently untrustworthy and a proven liar.

Feel free to open up a butt-hurt thread to whine loudly about the perceived injustice of being held accountable for your actions.

It was your in your investors best interests to trade btc to USD and back again.

But you were supposed to do it with your 1.8 btc on their behalf, not their 1.8 btc which was supposedly never going to be touched for any of your services according to you.

So, with regards to your negative rating which is currently serving to alert people to your demonstrably untrustworthy actions, if you wish it removed you have to edit out all claims to how you will use your own funds for your services and leave theirs untouched. Because it isn't true.

Or you could open a complaint thread about your rating in a futile attempt to continue deflecting from your lies.

The choice is yours.

Oh, FWIW:


Razormind's LinkedIn page used to be the one for Phil Sturgeon's 'SFX Coin'

Seems like Jawad and/or Phil are keeping up with this thread's routine exposure of their long history of lies and misrepresentation.

Razormind.co.uk/Team just went from this:


Which, as I mentioned previously, shows people who actually work for Dengo Systems in the Ukraine.

To now being removed entirely:

Of course you prefer to leave it as it is, the whole point of your platform's supposedly 'unique' claim towards proving legitimacy was by way of stating you wouldn't use investor deposits for anything and that they would remain untouched for everyone to see at all times.

But that claim is not true.

So by electing to keep it you are lying to everybody who reads it, including potential new investors.

That is the act of seeking investment funds through false misrepresentation, otherwise known as the crime of fraud.

You need to remove all statements which assert you will not use investor funds, because it is not true.

The 1.8 BTC was perfectly safe where it was. A crash in the fiat price of BTC still leaves 1.8 BTC in the deposit address.

If you wanted to trade 1.8 BTC-worth of coins so you could make a profit for your investors out of the market movements you were supposed to use 1.8 of your own bitcoin to do so, according to your own words in the OP and throughout this thread, and then give the profit to the investors, leaving their 1.8 BTC sitting happily, untouched, in the deposit address, as you originally and repeatedly assured everybody would be the case.

This was not the case. So you need to edit out all your many claims in this thread that you will leave investor funds untouched, because clearly that is a lie.

The part where you claimed you'd not move investor deposits to trade with because you'd use your own funds but then went and moved the investor deposits to trade with, instead of using your own funds.

Which part of the bold text says you will use investor funds for any of your services?

You were supposed to be conducting these trades with your own coins, yes?

This way the 1.8 btc of investor deposits would stay where it was and you would, instead, perform the trade with 1.8 btc of your own coins and pay the profit from the deal to the investors.

That is the entire premise of your platform.

Why did you not do it that way when you said you would?

But they were used for trading:

Your OP announcement states you will not use investor deposits for this, that you will use your own funds.

So, the question still stands, why did you not use 1.8 btc of your own coins to make that trade from btc to usd and back again?

That was the entire premise of your OP. That you would use your own coins and not the investors' coins.

It absolutely is about lies and truth. What is best for those people who trust you is for you not to lie.

Why did you not use your own 1.8 btc to trade with?

As you repeatedly assured people you would be doing.

You were supposed to be using your own money for the trading.

Why did you not perform those trades with your own bitcoin?

It's all smoke and mirrors. You only 'profit' if you keep doing more 'cycles', i.e. by keeping your money in the system. It is a way to seem like you are earning higher rates of profit, as the numbers on your screen increase, but it is just so the ponzi scam only has to pay out a tiny fraction of the money they receive from new 'investors'.


Once they start getting requests to withdraw more money than they are receiving from new deposits the scheme collapses as more 'investors' start getting nervous hearing about withdrawal restrictions and payment problems until an ever-growing number of requests for withdrawals is made and the scammers pull the plug on the operation and run with the remaining deposits.

Anybody caught in a ponzi like this needs to cash out long before it reaches that point, as the criminal fraudsters behind the scam will usually allow withdrawals up until too many people request it and risk triggering the collapse.

[edit] BTW, for anybody who got in on this ponzi early and is actually profiting, beware, you can be found liable in any subsequent legal action to recover funds.
https://en.wikipedia.org/wiki/Recovery_of_funds_from_the_Madoff_investment_scandal

Are you moronically stupid, or just pretending to be?

1. You claimed you would use your own funds for trading and leave investor funds in their deposit addresses.
2. But you then went and moved the deposits from their address and said it was because you used them for trading on ETC and XMR

Ergo, you lied when you claimed you would use your own funds and leave investor funds in their deposit addresses.


How much simpler do you need this to be?

You lied about how you would not be moving investor deposits. It doesn't matter what excuse you think is reasonable, if you say one thing but then your actions prove that you are doing the opposite of what you say, that makes you a liar.


Do you understand this very simple logical path?


Why did you lie and move the investor deposits when you said you would not?