Altcoin UK

you seemed to have asked earlier for me to make it clear that im not in control of the project finances and details and if that isnt already clear(i thought that was obvious) so of course im not nor did i ever imply not even tacitly.

The parts of the tech end of course were mine and people come to me for tech questions. The fact that im the only public figure makes it a little stressful but im working with it.

In the temperament of things, my time is shifting to pegging Ive just started looking over the c++ source now.

I posted this in the moderated BAY thread and for some strange reason it was deleted. I will just leave it here instead.

All of the positive posts about BAY in this thread come from the few remaining hopeful members of our pump and dump group that were promised BAY was going to go to the moon a month ago. Most of the bitcoin from the ICO went directly in to bob's pocket. He does not care what happens to the rest of us, he is already rolling in profit. How do you guys in our group (you know who you are) plan to get out of this coin at even break even now? It is quite obvious that there is no outside interest in this coin, all of the volume has come from within our group itself. The legitimate investors have gotten wise to these scams, they are not going to be here to pump up the price for you and take the bags out of your hands this time. It's funny, every time bob mentions there might be a pump, you guys get a massive hard on for bay, the thread starts getting bumped frequently, the buys pick up in anticipation for the pump, then what happens? You get dumped right in to, again and again from bob himself, because you are fools that keep believing every word that he says. You guys are a joke. If you still believe his bullshit, you deserve to lose your coins. I am extremely happy that I stayed the fuck out of this one. I came very close to going all in with what I earned from previous pumps with this group, good thing I didn't get blinded by greed like the rest of you.

Sure i can clarify this, the original offer for the license was 100 BTC and that was increased during the ico there was an extra 91 which a portion of that was supposed to go towards developing which i was fine with some of it was moved into a joint dev fund only 20 btc. They were supposed to set up a 5 of 5 multisig for that but they never did. I still have the difference set aside on my end.

That's not logical and also shows you are out to lower the price rather that legitimately call this out as a scam. The only correct answer would be its a scam.

How can it be overpriced if the project is legit and therefore is gunning to be a decentralised ebay? That makes the marketcap of 3,000btc pocket change compared to the potential a semi popular decentralised trading site is worth. Surely we could be talking billions if popular.

I guess you could say you've shown your hand if we were playing poker.

Who the fuck are you with this newbie nick that you defend and justify all steps/non-steps of these scammmers 24/7 in the last few days?

We understand the nature of the scam that an army of newbie accounts must support the operation, and in this thread the organizers of this money party certainly mobilize the number of secondary, third and newbie accounts that we have never seen before, but take it easy man, your desperation to support these scammers is to obvious here.

 

You are too conservative with the 5-6 names estimations. At least 50% of the accounts that post here to support this desperate scam are the secondary, third and newbie nicks of the scammers.

As I can read above, finally there are rational people point out that only the Bitbay team who bought into their own ICO has the incentive to dump at 100 satoshies, and the newbie nicks just try to trick people into this obvious scam.

More in the unmoderated thread at https://bitcointalk.org/index.php?topic=857457.0

That's a very good point. We discussing it at the unmoderated thread at https://bitcointalk.org/index.php?topic=857457.msg9775086#msg9775086

David by default configuration is not a bad guy, but in this case - as you pointed it out correctly - he sold himself out to a very shady group of people. Moreover, the main issue with David is, that he is unwilling to make clear publicly that he is just a contractor here and therefore this operation is in the hand of the scammers who presented a laughable team that will take on eBay, you know Nicos from Russia who loves dog and Holly from Taiwan who has a family (as this is the professional bio of the Bitbay team).

Most of the legit investors invested here because of David, however David's role is not what the legit investors anticipated here, and David must be clear about this.

The scam is not epic at all. It is a total failure, as a matter of fact and when all is said and done and BTER is paid their commission, they will probably be in the hole after having paid Zimbeck his 100BTC and 20 million BAY (which he won't be able to cash for anything of significance. I am going to guess that no more than 300BTC -and quite probably much less- was sole between 250-300 sat. And they have had a few expenses. Plus BTER charges commission whether they are in on the back end deal or not, so the "chinese" guy is in for a very rude awakening when this goes to 25 sat well before Christmas and declared technically dead before the new year.

Not to mention that Zimbeck still has to come up with some semblance of a marketplace before BTER releases the final 33%.

So no, as far as scams go, even the guys at XBOT got close to 100 BTC clean. This guys will more than  probably end in the red.

As for Bobsurplus, I don't believe he is in on this one... yet. Now he's trying to get people to bet on a price and, supposedly, he will bet on a higher price than anyone. It could be interested because this will be another scam, quite a different one... and a very risky one... unless the "chinese" fully participates, because while Bob buy massively, the "chinese" will be dumping like mad (unless he is in on it). If "he" is in on it -most likely- it sounds like a master stroke as scams go because a lot of people will believe in Bob pump -with good reason, for it will be real- and would want to participate on the run up.

Now, if that materializes, it is going to be quite epic with both the "chinese" and Bob dumping on the people (after collecting the bets, of course). Macchiavelian scheme and scam, indeed. Needless to say, I'll be watching every step of the way.

What are you guys going to do when this project turns out to be legit?

its pretty obvious  but what is the point of explaining this to sheeps? let's all just make money 

Oh dear ...are you really that stupid ... or you must be joking. Just because Bob says that he bought it as an "independent" investors you believe that? You beleive it regardless, that Bob's buddy the marketing guy was pushing the ICO in 24/7?

Bob pushed this ICO to 3000 BTC with the Bitbay team to create volume and attract naive and legit investors into the ICO, and then Bob gets the BTCs from Bter justlike the Bitbay team gets who bought into their own ICO, and then he and the Bitbay team can sell the coins at any price, even selling at 20  satoshies is a pure profit for them.

You really don't understand the most basic and obvious scam?

In case if these fucking scammers delete your post again, post it to the unmoderated thread at https://bitcointalk.org/index.php?topic=857457.0

These guys are getting so desperate with this scam that started to dump the thing at low 100 satoshies, in the meantime the secondary nicks plus a few idiots interpret this as "the coins bought by smart hands". A typical desperate scam operation.

FUDDER caught with his pants down.  

THIS THREAD IS AWESOME LMAO!! OMG I never knew such a think existed. AltcoinUK you are awesome. And according to this thread im 5 ft tall?

"5 ft tall David Zimbeck"

Lol where do you get this information? I'm 5' 11. lol...

And you realize I was paid to incorporate Halo in Bitbay right? That is all this was. Nothing more, nothing less. These absolute hilarious accusations here are really all coming from one person. And my guess is, you are a very jealous bagholder from BC. Or maybe just some crazy guy. (Or maybe Bitbay paid you to act like this, who the heck knows)

What is the things you guys say here about Russian mobs and Cambodia and scams and craziness. I'm in Cambodia, lived in Mexico, Los Angeles. I'm not hard to find. Call me in for a meeting, I'll be there  

Let me make this simple for you.

I was working on Halo, i was approached by a group of guys. They offered me funds to license my tech, I took the deal. They paid in advance. Then they run and ICO with BTER. They raise money, you complain. End of story. Any details beyond this you can take it up with them.

Also, I'm forced to manage this project. They asked me for good ideas for features, I felt this was a good environment for practicing hedging. Stated many times we are going to target RMB/USD price like Nubits. We can do this by restricting supply. The question is what our target price is and how much supply we want to restrict. You can read NuBits whitepaper and look at my video.

Coding takes time, not sure you ever tried it but maybe you should put yourself in my shoes and then you may read over this thread again and question your own judgement.

I'm more than willing to protect the privacy of the people that hired me because they asked me to. Its not complex, its called honoring your word. You would do the same.

As for the funds, they control that. There is a dev fund, its smaller than i would have liked it to be but I'm happy, will work with it.

What happens if they sell? Well thats the risk we all take. Thats the nature of penny stocks. The analogy is this: A penny stock pays me for a license, i took it, people "invest" and take a risk with it. Thats their choice.

Want to be a real investor? Go to wall street invest in Apple. Want to be a self proclaimed investor? Come to crypto and gamble. Nobody can stop whales from buying up new coins. Nor can they stop people from mining 90% of a coin (look at Fuelcoin for example)

How do we know Blackcoin wasnt 50% ninja mined? Is there really any proof it wasnt? And what about Bitcoin? How do we know. Maybe someone sits on billions of dollars. There is not a way of knowing. So I think you need to relax, and maybe take a breath of fresh air and realize I'm just working. Don't start throwing around your ideas without any basis in reality.

Instead of talking behind my back. I invite you to call me on the phone and talk to me like a man. Instead of this nonsense.

I'm a bit busy to log on to bitcointalk all the time but PM me your number. I'm more than happy to discuss openly whatever you wanna know.

because envy

Oh please, you're smarter than that. I find it hard to believe that you don't know the difference between a Community Manager and a Project Leader. Maybe it's a language barrier thing?

....

My suggestion to you is to ask THEM. I'm not a developer; I'm a community member who has volunteered some of his own time and money to help out.