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Everything else dumb and wrong on so many levels. Like most everything else you say.
Absolutely. I can't fucking agree more. Power Ledger is dumb and wrong. Paypie is dumb and wrong. Many other blockchain enterprises that choose to go the route of being securities are dumb and wrong. Damn, you are such a fucking genius! And as a result of being such a fucking genius, you end up being the ultimate bag holder of a hopeless shitcoin. Congratulations! FYI, I don't hate the project. I dislike Reggie for being stubborn and in hubris. And as a result, he screwed up a potentially promising project and ruined a major profit potential of the coin. If you think you are not in it for the money, you are dumb and wrong yourself. If you think Veritaseum still have massive potential, you are living in fantasy. Sorry, but no profit and potential for you anymore. I made a many multiple profit a long time ago. So as usually you are an idiot talking out his ass only proving you are a know nothing ass. |
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By right, Reggie should have taken my advice.
If he did, today's Veritaseum would have a sustainable foothold in the industry.
I repeatedly advice to burn all his 98% token supply and convert the remaining tokens to be profit-sharing, like equities would.
And being a profit-sharing token, he has the liberty to register the token as securities and all these steps would free him from recent prosecution.
At the same time, Veritaseum may continue to tokenize assets and they would add further value to VERI holders, tremendously.
Too bad, Reggie's stubbornness and hubris caused his own downfall.
Too stubborn.
Too proud of himself.
My advice was not wrong.
In fact, that is what some ICO projects are doing.
Power Ledger is converting its tokens to become securities.
PayPie is also doing it similarly.
Many projects that are smart enough to see the future would realize this and would take similar route, but not Reggie.
Reggie was stubborn to think could resolve with SEC. He should have packed up and moved to a more friendly jurisdiction long ago as many other companies have done. They clearly have a personal vendetta against him and aren't going to deal fairly or ethically with him. Everything else dumb and wrong on so many levels. Like most everything else you say. And why do you care so much about a project you hate and hate founder? Grow up and move on. |
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Exit scam complete? You all got what deserved the way people laughed about the incompetence and crooked practices of the team during mainnet launch. Now your tokens are worth nothing.  Free tip. If they will steal from one investor then only matter of time before steal from you. Jaroslav Kacina is a crook. |
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You people do realize the SEC case is based on the premise there is no such thing as utility tokens. Every US ICO was an unregistered security and everything the company did afterwards will be scrutinized under the strictest possible standards of a publicly traded company.
That should scare the shit out of everyone who owns any tokens from a US ICO or which openly allowed US residents to buy.
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The swap did not run smooth for several reasons. We can easily agree on that. Your questions and random negative twitter comments are pointless. Kucoin opened withdrawals/deposits today btw. Many token swaps took weeks, I dont see how the SophiaTX swap is far from the mean. SophiaTX has no responsibility or control over its own tokens? No control over the swap? That doesn't sound very promising.
You don’t seem to understand what trustless, a fundamental concept, means in blockchain. Part of what it means is no gatekeeper can arbitrarily seize assets like SophiaTX has done. One could make an argument they aren’t even a blockchain company just a slow database masquerading a blockchain because is trendy.
Porting over on steroids all the shady dealings and fraud of the current system isn't an improvement and is not what blockchain is about. At least not for most who got in before last summer's pump and dump Lambo dreams crowd. You don't seem to understand where the responsibilities lie. I never said that they have no control over the swap. I said that they have no control over seperate entities, i.e. exchanges. No arbitrary seizing of assets has been done by the SophiaTX team, whether you like it or not. The rules for the swap were clearly communicated weeks before the snapshot and did not change. Delusion, denial, deceit. You are a liar. Facts speak for themselves. So many people having problems and being ripped off = swap done poorly. Only 1 exchange out of many seemed to know what was going on = not clearly communicated. They couldn't even communicate to a few exchanges much less holders. Fail. I missed where in the white paper it said a Twitter account and 24 monitoring was required of token holders. Perhaps you would find that for me. Team making zero effort to correct problems and instead laughing about it = it was done purposefully. So maybe you are right, it wasn't arbitrary. Maybe the project is short of funds and needed a cash infusion. I've worked with McKinsey type consultants. "How many customers can we steal from and still maintain plausible deniability?" is exactly a plan they would hatch. Dude are you drunk...SophiaTX has gone out of their way to be transparent as possible; the swap was executed poorly by other parties not SophiaTX. Your thoughts on the team trying to steal from the customers is the biggest joke I have heard. My thoughts are bear market + Token Swap issues = Price tanking but this project is going places. Stop spreaing falsehoods about the project; if you dont like the project sell and move on. SophiaTX stole customer funds. If you every get an adult job in the real world you will find people expect funds to be safe and to get products and services paid for. The project is a scam run by criminals. |
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The swap did not run smooth for several reasons. We can easily agree on that. Your questions and random negative twitter comments are pointless. Kucoin opened withdrawals/deposits today btw. Many token swaps took weeks, I dont see how the SophiaTX swap is far from the mean. SophiaTX has no responsibility or control over its own tokens? No control over the swap? That doesn't sound very promising.
You don’t seem to understand what trustless, a fundamental concept, means in blockchain. Part of what it means is no gatekeeper can arbitrarily seize assets like SophiaTX has done. One could make an argument they aren’t even a blockchain company just a slow database masquerading a blockchain because is trendy.
Porting over on steroids all the shady dealings and fraud of the current system isn't an improvement and is not what blockchain is about. At least not for most who got in before last summer's pump and dump Lambo dreams crowd. You don't seem to understand where the responsibilities lie. I never said that they have no control over the swap. I said that they have no control over seperate entities, i.e. exchanges. No arbitrary seizing of assets has been done by the SophiaTX team, whether you like it or not. The rules for the swap were clearly communicated weeks before the snapshot and did not change. Delusion, denial, deceit. You are a liar. Facts speak for themselves. So many people having problems and being ripped off = swap done poorly. Only 1 exchange out of many seemed to know what was going on = not clearly communicated. They couldn't even communicate to a few exchanges much less holders. Fail. I missed where in the white paper it said a Twitter account and 24 monitoring was required of token holders. Perhaps you would find that for me. Team making zero effort to correct problems and instead laughing about it = it was done purposefully. So maybe you are right, it wasn't arbitrary. Maybe the project is short of funds and needed a cash infusion. I've worked with McKinsey type consultants. "How many customers can we steal from and still maintain plausible deniability?" is exactly a plan they would hatch. |
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It is so exhausting to read the twisting of facts of the two of you. Take responsibility for your own actions please.
I would consider the token swap as failed :
• Trading was not stopped on exchanges after/during the snapshot and swap.
-> Yes, because some exchanges did not follow the instructions they received and agreed to execute. If an exchange decides to continue trading of a worthless token for whatever reason, the exchange (a totally seperate entity) takes the full responsibility for that action. If you press the buy butten on a DEX without properly informing yourself about what is going on with the project and not double checking via Telegram or other media when in doubt you take full responsibility in any case.
• People were told to keep their tokens on exchanges in order to participate the swap automatically
-> Yes, which worked totally fine for all exchanges that were announced to support the swap.
• Unfortunately some exchanges did not participate and did not even know about the swap?
-> Wrong. All exchanges were properly informed about the swap. Only Cobinhood decided close to the snapshot date that they didnt want to participate anymore. Swap for Cobinhood users is now performed manually and not a single Cobinhood user has had any issues with the procedure so far.
• Currently funds are locked in the web-wallet? All exchanges locked the wallets, e.g. no deposit or withdrawals possible?
-> Partially wrong. Funds in the mainnet wallets are fully transferable on the mainnet. Deposits and withdrawals are closed as it is the case for any other token swap because the exchanges have to integrate the new blockchain with their system.
• No public communication available when deposits and withdrawals are available again? No estimate, no outlook, , no transparency no nothing?
-> Again, exchanges are completely independent entities and responsible for the amount of ressources they allocate to certain tasks. The Sophia team cannot know the schedule and will not give estimates for work performed by external partners.
SophiaTX has no responsibility or control over its own tokens? No control over the swap? That doesn't sound very promising. You don’t seem to understand what trustless, a fundamental concept, means in blockchain. Part of what it means is no gatekeeper can arbitrarily seize assets like SophiaTX has done. One could make an argument they aren’t even a blockchain company just a slow database masquerading a blockchain because is trendy. Porting over on steroids all the shady dealings and fraud of the current system isn't an improvement and is not what blockchain is about. At least not for most who got in before last summer's pump and dump Lambo dreams crowd. |
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Crypto-world is all about zero-trust, that is, you can only "trust" the address you own. Yet, you store your funds on some shady exchanges that can have their own agenda and you don't even know if they will, from their side, support (means - have some necessary work done) yet another ICO swap?
Basically you are saying that investing money in Blockchain projects is only suitable for paranoid nerds, who don’t trust any party in the Blockchain space? As consequence there won’t be any mainstream or enterprise IT adaption then. I would consider the token swap as failed : • Trading was not stopped on exchanges after/during the snapshot and swap. • People were told to keep their tokens on exchanges in order to participate the swap automatically • Unfortunately some exchanges did not participate and did not even know about the swap? • Currently funds are locked in the web-wallet? All exchanges locked the wallets, e.g. no deposit or withdrawals possible? • No public communication available when deposits and withdrawals are available again? No estimate, no outlook, , no transparency no nothing? People go to SAP because they know how to handle upgrades, complex landscape transformations and core business processes. If you consider a token swap as a core business process of a blockhain company, I would call this one a fail. This is not how you qualify your company for large-scale Enterprise IT, by demonstrating excellence in execution. Exactly. Companies are going to wait for a technically competent trustworthy vendor like SAP themselves. No professional IT manager is putting their job on the line by going with some shady company. I see it happening already in other areas. Big tech, banking, shipping, retail and government are developing their own blockchains. These poorly run companies are slowing going bye bye. Most big companies have very deep tech talent and many projects are open source. They simply don’t need or want to deal with these little shitcoins and their crypto kiddie followings full of pump and dump Lambo dreams. |
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The token-swap instructions were published a month before the swap took place on the official page. What's your problem, people? You put your money into some assets, then you don't even bother to check the project's page, huh? To check what are you actually putting your money in?
Crypto-world is all about zero-trust, that is, you can only "trust" the address you own. Yet, you store your funds on some shady exchanges that can have their own agenda and you don't even know if they will, from their side, support (means - have some necessary work done) yet another ICO swap?
Well, I dunno, my tokens were stored on my ETH address from the day of the TGE, I have had the swap steps done in time, and, as a result, I have my new tokens in place in the new blockchain. Have seen far more hyped projects that couldn't even launch their forks without a drama, while having all the code and tools already developed from the project they were forking. Compared to them, SophiaTX is running flawlessly.
Name one other place where customers are required to check Twitter daily to protect their funds? Does your bank do that? Brokerage account? IRA? Pension? Amazon gift cards? Bullion vault? Bitcoin? ETH? EOS? Anything. That's swell you got your new tokens as most people did but not everyone. Software projects seldom launch perfectly smooth. Some clean work is normal. The fact SophiaTX absolutely refuses to help people having problems speaks volumes about the type of company they are and the attitude of management towards customers. Responsible companies protect customer funds. When is a problem they correct it. They don’t create poorly publicized hoops for customers to jump through so they can confiscate their funds. They don't give out incorrect instructions then tell customers to go get f'd. They don't change the rules after the fact. The fact so many holders of ERC20 tokens didn't get the mainnet tokens is proof the swap was poorly executed. The company can deny as much as they want the facts speak for themselves. SophiaTX are incompetent and unethical. |
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Totally irresponsible to just leave worthless sophiatx tokens to be sold on exchanges like etherdelta. Fuck your company.
Why? From their perspective is great. They sold ERC20 tokens and don't give people mainnet tokens then the team can sell the same tokens into the market a second time. More money for them. Fuck the token holders and project supporters right. Unregulated crypto space is a scammers dream world. And the team are crooks. Wow, such an offensive statement you are making here. I wasn't following Sophia for a while, but I have some ERC-20 tokens in the wallet. Wanted to swap them, but now I'm thinking to sell. Can you please provide proofs of what you are saying? How they scammed people and didn't give coins after mainnet launch? He does not properly understand how this process works, they did not scam people at all. As you can see in the Token Swap instructions here: https://www.sophiatx.com/storage/web/SophiaTX_TokenSwap2.pdf?_t=1533808900You do not actually send the ERC-20 tokens to the team, you link your existing public key to a new SophiaTX public key by sending a 0 gas transaction from the ERC-20 address that you currently control. No actual coins get sent to the team. After going through the process your new MainNet tokens will be accessible through the created public/private key in the before mentioned process. It is true that the remaining ERC-20 tokens can be sold onto a second market (by the person who still holds the ERC-20 tokens, not the SophiaTX team), however the SophiaTX team already has announced that they will have a buyback program for these old tokens: The team has decided to introduce a voluntary “Buy-Back” program for all “old” ERC20
tokens. As per previous communication, the “old” ERC20 tokens are no longer valid for
the token swap for "new" tokens (native to new mainnet). The “Buy-Back” will be done
at the rate of 1 “new” token for 20 "old" ERC20 tokens (1:20). These tokens will be
bought back by the team and represent a fair mechanism; this allows the SPHTX team
to distribute more tokens to the existing community, which has been very supportive
of the project. At the same time, it allows for the process to eliminate “old” tokens from
circulations. The procedure will be available later in August, and the “Buy-Back” campaign
will last until at least the end of September. https://www.sophiatx.com/storage/web/SophiaTX_Update.pdf?_t=1533037375The swap procedure looks very strange and not just a regular send=>receive. That is why the guy above probably assuming scam. They read your ETH address for tokens and swap by balance, then you need to wait upto 3 days and check yourself in some github list. Why to do all this hussle? Most of the swaps I have participated is just easy as it is. Oh, btw where is the wallet? Is it just web-based or something? I assume that SPHTX lost so much in value not just because of bear market  The team told me to consolidate my holdings on Qryptos and everything would be reviewed, sorted out and OK. They gave out bad advice. Not timely advice on procedures. How is tweeting two days after snapshot that anyone with funds on unsupported exchange or moving them isn't getting mainnet tokens? Little late don't you think? Not well publicized procedures. One or two tweets day of and day after are not sufficient. Not everyone is face locked to Twitter on their phone 24 hours a day and is a totally unreasonable expectation. It is incompetent beyond belief. It is unethical beyond belief they make no effort to fix and instead confiscate tokens for their own personal gain. In any other market they would be hauled off by regulators in hand cuffs. Oh and after waiting patiently for a month I find out not getting anything not even for tokens never moved all year. The response from SophiaTX was "lol better be more careful next time. take it up with Qryptos" Yeah they are a fucking scam. They are going to find a way to screw all of you just wait and see. It isn't like any of you are senior management at large companies with SAP implementations. They have our money already and don't need you. |
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Yeah they have an issue with their kyc system but I can assure that they are not gonna scam, especially Qryptos. Only thing the qryptos has is they have recently banned some countries from using their service.So that some people cant withdraw their money which is real disgusting thing which qryptos has done
Qryptos is involved in a lot of fraudulent theft of people's accounts. Let people open account and deposit then block withdrawal. That is a scam in my book. |
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Stay away. Just because Qyrptos says safe regulated exchange doesn't mean anything. Regulators only care about money laundering and tax avoidance. They don't care at all about exchanges stealing customer funds. No one will help you when have problem. Qryptos has an extensive history of locking people's accounts when try to withdrawal. Help support is non-responsive.
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I submitted my verification weeks ago, clear picture of my passport and scan of the official papers from the public office. Now I log in to see how things are going to discover that my account status says "Banned". Not even a email was sent out to notify my about this and I still have funds in my account.
Is there any phone number I can reach this exchange on, I'm just getting more and more disappointed the longer I use your service.
I opened an account back around December 17 and did verification. Did a few trades. About 2 weeks ago I sent in some tokens did some trades and when tried to withdraw Qryptos banned me. No contact number I'm aware of and customer service does not respond. To claim this is a regulated exchange is a joke. Stay far away. They are crooks. Final got a response after more than a month. The English was barely intelligible. They want me to send them ETH or won't unlock my account. No mention of if balances will still be there. Huh? |
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Totally irresponsible to just leave worthless sophiatx tokens to be sold on exchanges like etherdelta. Fuck your company.
Why? From their perspective is great. They sold ERC20 tokens and don't give people mainnet tokens then the team can sell the same tokens into the market a second time. More money for them. Fuck the token holders and project supporters right. Unregulated crypto space is a scammers dream world. And the team are crooks. |
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Its great to see SophiaTX own blockchain being implemented successfully as I favor projects with their own blockchain. Imho.
Indeed, SophiaTX is unique in many ways. I believe the combination of good team, good idea, good blockchain and a great combination of everything into token value is what makes SPHTX the best token to be bought atm. Good team? They couldn't do something as simple as safeguard customer assets during a software upgrade. Something that would get one sued or jailed in any other marketplace. Technically incompetent or a preplanned scam? Given the projects "we don't care, fuck customers, we aren't going to attempt to fix anything" attitude I'm leaning towards planned scam. They know small holders can't do anything. You are all going to get scammed eventually. They are after big company businesses. You are just chumps who gave them free money to start the company. They will find some "rule" to make your tokens worthless. It is what Nazis do. |
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Why does this token lose value so quickly. I think that most people do not know what SAP is and why large companies prefer SAP.
Because it is a scam project run by incompetent dishonest people. |
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I submitted my verification weeks ago, clear picture of my passport and scan of the official papers from the public office. Now I log in to see how things are going to discover that my account status says "Banned". Not even a email was sent out to notify my about this and I still have funds in my account.
Is there any phone number I can reach this exchange on, I'm just getting more and more disappointed the longer I use your service.
I opened an account back around December 17 and did verification. Did a few trades. About 2 weeks ago I sent in some tokens did some trades and when tried to withdraw Qryptos banned me. No contact number I'm aware of and customer service does not respond. To claim this is a regulated exchange is a joke. Stay far away. They are crooks. |
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Jesus! I was getring depressed. Bought the coin, after 1 Second i was loosing 150$
Patience. This is a project that will be slow to develop. The big payout is in a few years. |
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H Hello everyone,
I withdrew Ether two days ago from my Quoine account but the status of the transaction is still "pending". Is there anyone experiencing the same problem? I couldn't get an answer from support. What can be the reoason for that?
I've been waiting a month for withdrawal verification. Nothing. No responses to repeated contacts. Funds are frozen. An exchange that allows deposits but no withdrawals EVER!! Where are these scumbags located? I think time to contact authorities. This is ridiculous. Hi everybody! I completely agree - I opened an account at the end of the year and put in a bit more than 2 BTC. Unfortunately I did that having read the experiences here. I didn't expect that this could happen (Bitfinex is awesome in comparison). Same story to me: support question wasn't answered, account verification still pending, funds stuck (or maybe lost?). Sounds like legal action is an appropriate approach now ... Annoying like shit ... Conny Think they are just backed up in customer support. They really should learn to take 2 seconds to at least acknowledge people and say they are working on it. |
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Hello everyone,
I withdrew Ether two days ago from my Quoine account but the status of the transaction is still "pending". Is there anyone experiencing the same problem? I couldn't get an answer from support. What can be the reoason for that?
I've been waiting a month for withdrawal verification. Nothing. No responses to repeated contacts. Funds are frozen. An exchange that allows deposits but no withdrawals EVER!! Where are these scumbags located? I think time to contact authorities. This is ridiculous. They got back to me. Think all is good. |
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