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Who cares about that mobile wallet, honestly?
Who needs a blockchain platform without usable client? Imagine XTRABYTES will launch mainnet now, and now what? How it will be usable without a client? How people will interact with a blockchain? You have no idea what XCITE is, you have no clear understanding of the goals of XTRABYTES. It's a mobile wallet. I have been in crypto for years without ever using one. Most people use desktop- or web wallets. |
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Who cares about that mobile wallet, honestly? All the scam accusations aside, Xtrabytes is now going forward with:
* KYC for STATIC nodes. This is of course an attack surface and causes the project to be even more centralized. And isn't it ironic that we all must respect the founders' right to anonymity, while they themselves impose KYC on others.
* A flat 10% fee for setting up a STATIC node. The company in other words hang on like a leech to the blockchain, siphoning funds.
* Various fees for building dapps, on trademark usage, and on patents and patent technologies. What developer teams would like to pay all this? None. They will build on other platforms like ETH.
* TRUST scores for STATIC nodes. This will be gameable. The more parameters included to calculate a trust score, the higher the probability of someone gaming the system which again makes the chain more centralized.
* Issuance of XIP tokens means even more money to founders/team members. Issuing XFUEL from thin air was not enough, the greed doesnt stop. Investors, look out for a fourth token for even more value dilution.
Even with the best mobile wallet in the world, the project can't run away from these bad fundamentals.
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4chan is not the source, that's just where some links were posted a while back. Wayback Machine, the Internet Archive's web archive, holds all the evidence you need. In other words, you don't have to trust me, or anyone else for that matter - that is what _evidence_ means.
I really don't get why you are so agitated. Getting all the facts out to the public is a good thing.
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I independently verified all findings posted in this thread and others. The accusations are true, CCRevolution/Dave Bergsma is a scammer, which makes Xtrabytes a scam as well since the team refuses to even allow the serious issue to be discussed. It is not a coincident that XBY holders have waited almost two years for patents when Dave prior to his involvement with Xtrabytes talked about exactly such a 'patent pending' stalling/marketing tactic. Summarized it all for anyone too lazy to look around: https://www.bdratings.org/l/xtrabytes-update-ii-scam/ |
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AssetRush has now removed their team page. All the fake profiles gone. I still think it will be hard for them to land more business, at least with serious actors. https://assetrush.com/There is one fact about all this that is interesting and that relates to Bytecoin. We have clear evidence that Jenny co-founded AssetRush and created the fake profiles. Her Twitter handle was created at around the same time as all other fake Twitter handles, for instance. All this was reported by me and others on the Bytecoin subreddit, and even if the mods removed most of the findings in the end, subscribers certainly had time to read it. What I find odd is that there has been no minority faction of (gullible but honest) BCN holders that has after that point been vocal about any of this. No supporters have demanded that Jenny leave the Bytecoin team, or that at least they are owed an explanation with regards to the fake profiles of her company, which, lets face it, is serious when real money is involved. The silence indicates that the Bytecoin community is very, very small despite the rather high market cap of BCN, and that at least parts of the regular posters over at their subreddit are controlled by the scammers themselves. Had the community been of proportional size to the market cap, as well as organic, I am sure we would have seen a great deal of infighting by now. When I have time I will launch an investigation of the top supporters/posters. Creation dates coupled with posting patterns usually go a long way. |
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Below is our rating on BridgeCoin, as well as a semi-annual review. Might be of interest for some in this thread.  Summary: As a store of value, BCO is a non-functional protocol. This is not a review on CryptoBridge's capabilities but the core protocol tokens. Strengths: - Fair token distribution process after genesis block. - Battle tested code base, including mining algorithm. Weaknesses: - incentives misalignment of the core protocol where issuance in the form of block rewards are completely over already, causing the network to come to a complete halt sometimes while also making it vulnerable to double spend attacks. - Dependency on the BitShares protocol which is centralized. - Small community. Subreddit inactive. Read he full ratings articles here and let us know if we missed something: https://www.bdratings.org/l/bridgecoin-the-bridge-that-fell-in-disrepair/https://www.bdratings.org/l/bridgecoin-update-i/BD Ratings. |
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Look, I don't disagree, a lot of stuff around bytecoin is extremely shady. However, given premine in bytecoin, it's no surprise they are trying to protect their identities.
More importantly, if you are doing work on behalf of community, transparency, etc, you should be a more careful in your definitions, it doesn't serve anybody when accusations are stretched beyond facts.
Man you seems to not understand. They come here in 2014 and announced the coin. And only after some time it was found out that 80% of coins was mined in last 2 years. They claimed that it launched in 2014 and not 2012. IT was a planed scam. This is only reason thankful for today launched Bitmonero. If bytecoin scammers would normally launch bytecoin in 2012 and announced it in advance would be no need for Monero at all. I am quite aware of that. Maybe I'm not making my point clearly. My objections were related to the work BDRatings was doing and definitions he chose, not the history of bytecoin. We have different definitions then. There are just too many separate serious issues with this project for it to escape this definition. Many oldtimers called it a scam even before I busted the whole AssetRush thing. Ask yourself why Jenny/BCN_official is still working for Bytecoin after all this and why no anonymous BCN dev have demanded an explanation from her. |
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While I commend the OP for his work on uncovering this stuff, my question is: where is an actual scam in all of this? Seems to me the allegations are pretty much shilling on social media under aliases? Certainly, such things do not add trustworthiness to whoever is running bytecoin, but this does not constitutes scamming in my book. There are certainly many questions regarding bytecoin and what transpired this year alone, so this seems pretty minor compared to everything else.
Let's try to set the bar a little higher. The definition of a scam is - a fraudulent or deceptive act or operation. They engage in sockpuppetry and founding of a ghost company with stolen pictures for it's employees. They do not do this for fun, but to obtain other peoples' money in one way or another. |
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Seriously I was very surprised when I saw the viral news of bytecoin project being alleged with scam accusations. The binance and okex delisting were giving the signals that something bad is about to happen. I hope people didn't lose much.
Come on. If you google Bytecoin you know that it was a scam from 2014. I dont understand people really. How hard is to use search on this forum or on reddit or on google. It is actual amazing i come write this here. I stopped writing about them last 2 years since I assume everyone already know. At least he found their connection to another company. BDRatings, do you do such deep investigations about other coins? I try to investigate all the coins that I rate. So far, the only other scam I have rated is Pura. https://www.bdratings.org/l/pura-a-pyramid-of-lies/More common is that a coin just has bad fundamentals, rather than being a pure scam. |
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My thread on the Bytecoin subreddit was just deleted. First time they do that. Doesn't matter, we got them. Also, Jenny sent the following pm to me afterwards: Hi there,
I would like to clarify the situation with AssetRush, in order to end up with such questions. As you may have noticed, I left AssetRush, as I haven’t had enough time to participate there. I really find it great that you monitor all the activity related to me, however, I would like to state that I’m no longer work in AssetRush.
Thanks for following both of the projects, and feel free to reach me out here or in telegram @BCN_official She is the co-founder. She is responsible for the fraudulent activities over there as they occurred way _before_ she quit AssetRush. |
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Should get in touch with these people so they can shutdown AssetRush sites. Maybe they can get AsstRush assets seized? I have no clue if there are any seizable assets. I wonder if the company is even registered. Anyone know if there are any good databases? If there is something tangible about AssetRush, it may be worth reporting. |
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Wow this is very detailed. Everyone should be aware of this. The only thing I suggest is to post it on the scam accusations section in order to be more effective when people sees it. Good job on creating this thread.
Good point. I will try to get a moderator to move the thread to over there. |
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An old team picture, where Ana Friedman is still included: https://imgur.com/mEbVbkZMy guess is the scammers will remove her from AssetRush on LinkedIn quite soon. Or even remove her profile altogether. |
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