Now that the "jig is up" and more evidence comes out on this scam, how long until the "Long Con" turns into a "cut-and-run"?
If you gave money to these guys, it's already gone.
No, the typical action of this scumbag will be too attack those making these accusations that this is "slander" and "libel". They try to scare people into silence. I actually forwarded the coindesk article to the SEC. Let them complain to the SEC and FinCen about their unfair treatment and slanderous comments towards them. |
|
|
|
First, our disclaimer was copied as a general disclaimer for offering Forex trading software from the ward systems site and all mention of ward systems was changed to Metaneural except for one, thanks for pointing out the typo, it is now updated. Ward Systems could not develop our unique neural network trading system without the expertise so I'm not sure how you could be so confident it was taken from them, not to mention they have never offered software even comparable to it. This is becoming defamatory and your arguments are based mostly on shotty web design and not much else. Lastly, yes the site is new, its possible to have a trading group comprised on investment professionals working together without a site, the site was created to make our software available to the small retail investor. Again, veering the conversation off track to spurious accusations is not constructive, it seems that you're more interested in revealing BitEnsure as a scam than learning about how the operation is actually conducted. They use the same stock photo for their "John Titor" fellow. Which incidentally is the same name as the infamous "time traveller" at http://www.johntitor.com/. I can't imagine why they would use the same stock photo for their web developer as well as their "director" at metaneural, is "John Titor" also camera shy? Could be a coincidence, I suppose. There are other "John Titor's", but none that I could find that live in Colorado. So lets look at these other people... I couldn't find anything on Teressa Anderson. Could be legit. Taufik Hidayat is the name of a famous badminton player, but I don't think that's a picture of him. The picture for Jorge B. Vincee is a picture of Luis Ponjuan. http://tamutimes.tamu.edu/tag/closing-the-gap/And there's absolutely no contact information for any of them. Now, at metaneural they have a big ol' disclaimer at the bottom, and refers to a company called "Ward Systems Group". I looked these people up and oddly enough "metaneural" is not listed as affiliated with them. http://www.wardsystems.com/contact.aspSo I'm pretty confident that they are just repackaging and selling tools from wardsystems. (I'll let you know when I hear back from wardsystems.) Also on the about page it says, "We are a small proprietary trading firm that has enjoyed very profitable success in the past several years using neural network and artificial intelligence technology to navigate the financial markets - implemented using various trading platforms." -Metaneural But the problem with that is that the Metaneural website has only existed for 6 months. Feb 04, 2013 Honestly, shut the f*ck up. You obviously a scammer. Only an idiot would give you their coins. The real shame is coindesk who did such a poor job of researching you first as to give you a platform to cheat people by making your blatant scam seem realistic. How about you make some threats to sue for libel, what the scumbags like you usually do when called straight up for the scammers you are. You have every single characteristic of a ponzie scheme. It is very suspicious that coindesk not allowing any comments to your article to expose all the obvious scammer characteristics. If anyone should worry about legal liability, it is you and coindesk for helping you to try and scam people. I have sent an email to the SEC re: your solicitation via coindesk, how about you complain to them about this "slander". Let's see how sympathetic they are. |
|
|
|
Over 40,000 in the betting pool now? That is a chunk of change
Dooglus is waiting until 100,000 to run off with it all:) |
|
|
|
They would probably sell at 4.2
I'm curious about his week's dividend.
I think that would be the max and I don't think he would sell them all. It seems like people are not willing to pay a premium anymore for PT shares. The increased liquidity of PT is more of a draw than any perceived risk of PT shares. I think burnside has earned trust in the community and most people expect friedcat would not tolerate him cheating people even if he did go to the dark side. As a result, the PT shares have very little perceived risk associated with them. You can just buy PT shares and transfer them to direct share at no cost at all... so burnside has little influence in the process (just while you buy them and wait for the transfer). Anyway, friedcat know about btc-tc role in the market and wouldn't allow any "mistake" from them taking advantage from investors. Exactly. I mean it would be a mess if burnside tried to cheat people, but it would not make him any profit. All PT shares are is Friedcat sending the dividends to burnside's address. If burnside tried to "steal" the shares, Friedcat would simply stop transferring him dividends until he sorted out the actual ownership. Zit would be a huge mess, but burnside would not make a dime in the process, hence the minimal risk. the only real risk is your btct account being hacked and the shares stolen, that would be something Friedcat probably could not help you with. This would not be a worry with direct shares. |
|
|
|
|
Yup mid 60s was the floor, now it in a steady uptrend. Which will end eventually, bitcoin = volatility.
|
|
|
|
They would probably sell at 4.2
I'm curious about his week's dividend.
I think that would be the max and I don't think he would sell them all. It seems like people are not willing to pay a premium anymore for PT shares. The increased liquidity of PT is more of a draw than any perceived risk of PT shares. I think burnside has earned trust in the community and most people expect friedcat would not tolerate him cheating people even if he did go to the dark side. As a result, the PT shares have very little perceived risk associated with them. |
|
|
|
That's not true.
if btct.co is taken down, the asset issuer will use the last BTC-TC Shareholder Report he has received (they receive it once a day AFAIK). So the only issue to solve is the first 24 hours from time of trade and it could be minimized by buying just a few shares each day up to the amount one would need.
Also, PTs can be "transformed" into direct shares without any costs at any time if more than 50 shares or once a month if less than that.
Don't be mad at me, I just want to allow everyone to know the truth. My intention is not to make harder to you to dump your shares and my advice to you would be to transfer your shares to btc-tc and sell them there, you would be able to sell them much faster and with less risk.
Adriano
You still have a third-part risk with PT Shares. I am sure burnside is honest, but he is not only the issuer of the asset, he is also admin of btct. So in theory he could do whatever he wants, move shares to his account and dump them for example. Or btct can get hacked and the attacker dumps your shares - you don't have that risk with direct shares. That risk is minimal - friedcat is a very honest man and if burnside ever did that, friedcat would take action. I believe that friedcat is honest and extremely reliable considering his history, but realistically any online investment is a extremely high risk investment in the fringe of legality, including AsicMiner's. Security Exchanges (bitfunder, btct.co and havelock, etc...) on the other hand are directly illegal, so I don't really care if their admins are good willed, they can be shut down any minute just like GBLSE. In any case, if you put a passthrough in between you and your shares, you are adding an extra point of failure. These will not sell at 4.5 or even 4.2. Your best bet would be to convert them to PT shares and then sell them slowly on the exchange. Conversion is free afterall |
|
|
|
|
It still the early innings. However, as long as the development team stays engaged and maintains Primecoin, I think it will overtake Litecoin within a year.
|
|
|
|
That's not true.
if btct.co is taken down, the asset issuer will use the last BTC-TC Shareholder Report he has received (they receive it once a day AFAIK). So the only issue to solve is the first 24 hours from time of trade and it could be minimized by buying just a few shares each day up to the amount one would need.
Also, PTs can be "transformed" into direct shares without any costs at any time if more than 50 shares or once a month if less than that.
Don't be mad at me, I just want to allow everyone to know the truth. My intention is not to make harder to you to dump your shares and my advice to you would be to transfer your shares to btc-tc and sell them there, you would be able to sell them much faster and with less risk.
Adriano
You still have a third-part risk with PT Shares. I am sure burnside is honest, but he is not only the issuer of the asset, he is also admin of btct. So in theory he could do whatever he wants, move shares to his account and dump them for example. Or btct can get hacked and the attacker dumps your shares - you don't have that risk with direct shares. That risk is minimal - friedcat is a very honest man and if burnside ever did that, friedcat would take action. |
|
|
|
Are you kidding, you actually put money in these guys? Couldn't you wait a minute to see if it was legit or not. Coindesk even put poss ponzi in the TITLE. Mate look at the post above you, get your money out now. Coindesk interviewed their founder and that was good enough for me. You have to have sources that you trust, and right now Coindesk is my #1. My coins are locked in for 30 days, so hopefully at the end of that I won't regret the decision, but right now I can't get them out. For what it's worth, I also have coins in Coinlenders, but TradeFortress offers a lower return than these guys. Better liquidity and obviously more trust within the community, but if these guys are to be believed as to being who they say they are, it should not be surprising that they can offer significantly better returns. I'll admit that it is fishy that they offered such high rates initially, though crypto-currencies do offer significantly better returns for smart money than the mature markets of ForEx, and given the reaction here it is not surprising that they lowered the rates... Will report back. You may get your coins back - it is a nice website, I am sure they are in it for the long con. Build up a rep, pay back a few people and then run off when they get enough large deposits. 100% it is a scam though. |
|
|
|
|
Bitsalame,
Is my bid of 3.5 BTC @ 350 shares accepted?
|
|
|
|
Not a single comment re. me doubling the commission rate?
Come on; this is unacceptable gouging. Who does he think he is. Etc?
Here's a profit chart. I added a green "expected - 5k" line to show how we're running parallel to expectation, just about 5k below it.
Expectation is that we'll continue to do so. We won't, of course - we'll do better or worse that expected.
I am okay with 10% though I did hope the commission increase would be more gradual. |
|
|
|
|
I hope people read your post - there is no way this is not a ponzi scheme.
|
|
|
|
|
You didn't update the investment base sizes
|
|
|
|
Difficulty is on the rise, somebody has a GPU miner.
could just be hp9 and more people mining |
|
|
|
|
Updated info on hp8 and mumusminer
|
|
|
|
Just-Dice https://just-dice.com/Very fast-paced, provably fair, 1% house edge dice game. The operator is Dooglus. Unique aspects are the social chat room, the ability to "be the bank" and that you can see the stats of both the player and the site. |
|
|
|
you should set a lower starting bid, considering the current market price, any way, interested and reserved  He has a lot of shares to sell and I am offering him liquidity. It is very fair considering the auction ends on August 13th and bids are not retractable. In 9 days when the auction ends the shares could be trading for significantly less on the exchanges and I will still be required to honor my bid per the terms of the auction. As long as you understand he has no obligation to sell to you, since your bid isn't 4.5 or more. He says base price is 4.5/share - i thought he was giving us his cost. He did not say starting price. Why would anyone bid over the btct.co amount and lock themselves in for 9 days? |
|
|
|
|
Here is my current list of all coins:
Allahcoin
Alphacoin
Americancoin
Anoncoin
Argentum
BBQCoin
Bestcoin
Bitbar
Bitgen
Bottlecaps
Bytecoin
Casinocoin
CHNcoin (Chinacoin)
Cloudcoin
CopperLark
Cosmoscoin
Craftcoin
Crimecoin
Cryptobits
Cryptogenicbullion
Devcoin
Diamond
Digitalcoin
Doubloons
Dragoncoin
DSCoin
Eaglecoin
Elacoin
Elephantcoin
Emerald
Ezcoin
Fairbrix
Fastcoin
Feathercoin
Ferretcoin
Flashcoin
Florincoin
Franko
Freicoin
Galaxycoin
Gamecoin
Gascoin
Geist Geld
GeoCoin
GIL
GLDcoin
Globalcoin
Grandcoin
Groupcoin
Growthcoin
HoboNickels
Hypercoin
i0Coin
Icecoin
Infinitecoin
IxCoin
J-Coin
Junkcoin
Jupitercoin
Krugercoin
Lebowski
Liquidcoin
Litecoin
LuckyCoin
Mastercoin
Megacoin
Memecoin
Memorycoin
Mincoin
MMMcoin
Namecoin
Nanotoken
Nibblecoin
Noirbits
Novacoin
Nucoin
Obamacoin
Onecoin
OneLastCoin
Orbitcoin
Phenixcoin
Philiosopherstone
PornCoin
Powercoin
PPCoin
Primecoin
Quantuncoin
Quarkcoin
Quickcoin
Realcoin
Redcoin
Richcoin
Ripple (XRP)
Royalcoin
Rucoin
Sexcoin
Sifcoin
SkyCoin
SmallChange
Solidcoin
Sphere
Spots
Stablecoin
Star Coin
Sunrisecoin
Supercoin
Tenebrix
Terracoin
Timecoin
TimeKoin
Tradecoin
USCoin
VaginaCoin
Valuecoin
WeedCoin
Worldcoin
Xencoin
YACoin
YBcoin
ZenithCoin
|
|
|
|
|
Show Posts
