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1  Alternate cryptocurrencies / Altcoin Discussion / [SCAM] BLOCKNET: The Metcalf/Prom Alt-Coin Cartel Scam Exposed on: October 31, 2014, 12:22:18 AM



N.B.: Due to whitespacing spam in other threads this thread will be reserved for the evidence against BlockNet and associated scams.


The Evidence


1. IRC chat logs suggesting Metcalf's complicity in the scheme hatched by notorious pumper Prometheus: "XC team has already agreed to join ... We are building our own supernet. ... we can all secure ourselves a nice coin to make some profitable plays on".

2. BitSwift developer admits knowing Dan Metcalf was the developer of Halcyon (one of many coins to benefit from a Dan Metcalf code "review"). The coin was pumped following the review and then abandoned:






Circumstantial:

Matching time zones of atcsecure and halcyondev.


I will update the post with any new evidence if and when it arrives. We urge others to come forward and help expose this skilfully orchestrated scam.

Hopefully it is not too late to stop the ITO and return the money to anyone who no longer wants any part of it.

UPDATE:

XC's PR man synechist was quick to issue a statement regarding the leak . Unfortunately, in his haste he may have revealed more than he intended to:

"However such logs are not provably truthful, and in this case are false."

He doesn't say that the content of the conversation was inaccurate. He says the logs themselves are false. This begs the question, how could Synechist make the assertion that the logs were falsified if he was not part of the conversations? Was this was the only way for synechist to denounce the accusations without directly attacking (his co-conspirator?) Prometheus? If the logs are to be believed it would appear Prometheus has thrown a lot of jobs Mr Metcalf's way.

Synechist has revealed that he is paid for his work for XC, and with that being so it is perhaps unsurprising that he will go to any lengths and say almost anything to defend the project (after all, his livelihood depends on it.) He earns his money well.

Unfortunately for him, soon after claiming the logs to be false 00Smurf was good enough to post screenshots of the Skype conversations. The reaction from the XC camp is now to brush the matter aside as if synechist's word in itself should be enough to bring it to a close. It is an insult to the people who have bought BlockNet tokens that they should dismiss with such contempt the legitimate questions that have arisen.

XC has presented itself as the last bastion of ethicality in the cryptocurrency world. A project of high-minded ideals with the BlockNet the instantiation of some great collaborative spirit. The IRC logs paint these deals in an entirely different light. If Prometheus's claims are true they reveal the rank hypocrisy of the sanctimonious tone with which the XC and BlockNet projects have been sold to us.

The choice of coins that have been included in the BlockNet, and the questionable cast of characters behind them, suggest the project is anything but the great work of selfless crypto-unification it has been presented as. I will continue to update this if and when new evidence is presented.


UPDATE 2:


Dan Metcalf answers some of the questions arising from the logs:

https://bitcointalk.org/index.php?topic=841958.msg9396234#msg9396234


UPDATE 3:


Synechist again attacking the authenticity of the screenshots (this time on Reddit) rather than the accuracy of Prometheus's cliams.

The obvious objection if they had no part in it would be to claim that Prometheus was simply lying.

I find him choosing this line of defence highly suspicious.


UPDATE 4:


Official Statement from Metcalf
(possibly penned by synechist)


"In fact I consider Prometheus an ethical promoter based on my dealings with him and anybody who knows Prometheus knows that he is 100% open and public about his coin promotions."             - Dan Metcalf


[9/22/2014 8:46:39 PM] Prometheus Lightbearer: eww aero
[9/22/2014 8:46:54 PM] Prometheus Lightbearer: I pumped that for kleeve to 10k
[9/22/2014 8:46:57 PM] Prometheus Lightbearer: and then took a shit on it
[9/22/2014 8:47:13 PM] Prometheus Lightbearer: Yea from day 1
[9/22/2014 8:47:20 PM] Prometheus Lightbearer: ... i ran a 10k pump on it a few weeks bag
[9/22/2014 8:47:21 PM] Prometheus Lightbearer: and exited

[9/25/2014 1:22:55 PM] Prometheus Lightbearer: Hey man, I’m not able to communicate with you any longer due to failed trust.
[9/25/2014 1:42:25 PM] Prometheus Lightbearer: You told people that i pumped aero to get kleeve out
[9/25/2014 1:42:34 PM] Prometheus Lightbearer: as well as told people that we worked with metcalf on hal
[9/25/2014 1:44:10 PM] Prometheus Lightbearer: Yea man, can’t have those kinds of leaks.
[9/25/2014 1:44:16 PM] Prometheus Lightbearer: Not good for us at all

[9/28/2014 9:36:25 PM] Prometheus Lightbearer: Utility is mine
[9/28/2014 9:36:28 PM] Prometheus Lightbearer: but that is privy info
[9/28/2014 9:36:35 PM] Prometheus Lightbearer: if you do tell people about it, don’t tell them it’s mine



Can't quite believe what I just read. Any lingering doubts I had are pretty much gone now. Guess we know now who's pulling the strings.
No wonder they tried to claim the logs were false.
2  Alternate cryptocurrencies / Altcoin Discussion / THE SMOKING GUN: METCALF PUMP GROUP TIES EXPOSED! on: October 30, 2014, 10:25:44 PM
https://bitcointalk.org/index.php?topic=836324.msg9386609#msg9386609


*Edit: New moderated thread (to avoid whitespace spamming) with evidence presented:

https://bitcointalk.org/index.php?topic=841223.new#new
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