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1  Economy / Scam Accusations / Magnetz [MGT] is very likely another ICO from scammer! on: December 26, 2014, 10:50:09 PM
From my research with new Magnetz release today,

Magnetz is just a lame attempt at scamming people with ICO, I've check their code and I can't believe my eyes, it is just a exact duplicate of old "torrentcoin" (also x13 algo) (https://github.com/torrentcointeam/torrentcoin) that died from dev ran away long time ago.

All of their 'torrent' code and UI, is just a copy from that old 'torrentcoin"

their torrentpage.cpp torrentpage.ui is 100% clone from the old code.



Fail much?

The wallet UI overall is completely standard and again exact duplicate from the old "torrentcoin"



Even the same mistake in bitcoingui.cpp (same exact mistake with setStatusTip and setShortcut)

Magnetz - bitcoingui.cpp

Code:
   addressBookAction = new QAction(QIcon(":/icons/address-book"), tr("&Addresses"), this);
    addressBookAction->setStatusTip(tr("Edit the list of stored addresses and labels"));
    addressBookAction->setToolTip(addressBookAction->statusTip());
    addressBookAction->setCheckable(true);
    addressBookAction->setShortcut(QKeySequence(Qt::ALT + Qt::Key_5));
    tabGroup->addAction(addressBookAction);
    torrentPageAction = new QAction(QIcon(":/icons/magnet"), tr("&Torrent"), this);
    torrentPageAction->setToolTip(tr("Edit the list of stored addresses and labels"));
    torrentPageAction->setCheckable(true);
    torrentPageAction->setShortcut(QKeySequence(Qt::ALT + Qt::Key_5));
    tabGroup->addAction(torrentPageAction);

Torrentcoin - bitcoingui.cpp

Code:
   addressBookAction = new QAction(QIcon(":/icons/address-book"), tr("&Addresses"), this);
    addressBookAction->setStatusTip(tr("Edit the list of stored addresses and labels"));
    addressBookAction->setToolTip(addressBookAction->statusTip());
    addressBookAction->setCheckable(true);
    addressBookAction->setShortcut(QKeySequence(Qt::ALT + Qt::Key_5));
    tabGroup->addAction(addressBookAction);
    torrentPageAction = new QAction(QIcon(":/icons/magnet"), tr("&Torrent"), this);
    torrentPageAction->setToolTip(tr("Edit the list of stored addresses and labels"));
    torrentPageAction->setCheckable(true);
    torrentPageAction->setShortcut(QKeySequence(Qt::ALT + Qt::Key_5));
    tabGroup->addAction(torrentPageAction);


More over, Magnetz ANN is very similiar to STABLE ANN page which is also one of the scam ICO project (Check the roadmap phrase) both ANN is also self-moderated topic.

Check here:
Magnetz ANN (https://bitcointalk.org/index.php?topic=900716.0) *self-moderated topic
TorrentCoin ANN (https://bitcointalk.org/index.php?topic=633546.0)
STABLE ANN (https://bitcointalk.org/index.php?topic=886555.0) *self-moderated topic

Obviously Magnetz so-called 'dev' is just a team with good graphic designer but know nothing about coding.

People should be investing in real project not just some scammer, but I'm pretty sure they have some good connections with people from checking their thread.

vTorrent (https://bitcointalk.org/index.php?topic=889481) non-ICO coin is what people who wants 'torrent on blockchain' should be support and invest in.


LET'S STOP THE SCAMMER!
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