Well said.

Since little David Zimbeck and his scammers friends will be very serious trouble very soon, he is worried and his desperate post is the clear indication that it is a scam. Right now they already shared the scammed BTCs and wait for a bit to dump the thing into the face of dreamers. These guys were pushing that scam so hard with their primary, secondary, third and fourth accounts that it was already tragic-comical. When well known blackcoin faces push the thing to extreme level, when they start to talk about 1 billion $ and then they upset if some one ask who the fuck are you, then you know it is a scam.

Done, GadgetCoin is followed on Twitter.

This is an interesting one. BRO has a very professional team and the bios of the team indicates a very well organized, serious operation. The team is OK. The use case is wonderful, an investor dream: gambling, the venture can not be unprofitable. So the market is OK as well. Still, following weeks of promotion the IPO is at the relatively low 274 BTC.

That indicates me two things:

1) If a great project like BRO can get only 274 BTC (which probably includes some money from BRO as well, but that's OK, some small push is part of the game) then the money is dried out from the altcoin market

2) ICOs like the 3000 BTC BitBay money gatherings are pure scam, in which the ICO organizer buys large part of the coins and hype the project. In this depressed market, anything that more than what BRO gets simply can not be real.

I understand this thread is not here to talk about other operations nor wondering about what scammers do, but I thought it is important to give credit for the very few projects like BRO which seems a genuine operation and not a scam.

Yeah, they have learned and I am sure they would handle many moves very differently, but I have to echo what lazard said about Pnosker.

As I said above the devs are sort of honest guys, what I meant with that "sort of" was exactly same what lazard implies. I certainly don't say Patrick is a scammer or con artist in the sense of real scammers like how BitBay operates, I don't say that Patrick masterminded a scam with VeriCoin, not at all, but only the blind can't see by now that Patrick has a very-very shady side, which was not obvious to people at the beginning when they invested in this coin.

In my opinion the most important issue with Patrick - which issue is on the border line with scam -  that he presented his team as a group of professional developers that is committed to the coin and included in that group Dave - who then since the start is non existent. Patrick sent the following message to investors: we are scientists plus we have a Microsoft developer and we are here for real and for the long term. Any investors would think, if a Microsoft developer put his reputation on the line then it must be a serious venture. Now as we can see the commitment is not real. You can twist it whatever you want, but that was a calculated baby-scammer move, lets present Dave as part of the team, lets gain the trust of the investors with a professional team image that includes a Microsoft developer, and then lets dump our mined shit on the market. That happened, we both know that.

I think you brought up a very important point about the interest rate manipulation. We need a clarification from the developers whether your assumption about that manipulation is true or not. Better if the devs stop that childish attitude that they don't talk to the critics, they talk only to delusional cheerleaders, come here and clear the air about what lazard said.

After the board meeting, he will the bitch of Russian "investors" for a few weeks in Siberia and when he was fucked over an over by 7 feet tall ex-convicts, then he will goes to the dog food factory. Sad, but when you give your name to a Bter scam then you will be hunted down. Unfortunately not he is the first and probably not the last who made such mistake.

LoL

Give them a bigger sack.

And voila ... the money collection party is over ... the crash party is started ... and David Zimbeck chess master became a hunted man. Good luck little David with your Russians "investors". The fairy tale that you are in Cambodia won't save you, but even if you are in Cambodia, your "investors" will invite you to a board meeting wherever you are.

Yes, that was obvious from the beginning. When David Zimbeck's blackcoin friends started to talk in that Bitbay thread about the 1 billion $ market cap and about retirement funds as a return for investors then you know that is a scam.



David is an OK coder, but yeah, you are absolutely right, not in the league of Vitalik and Gavin Wood.

When I agree the discussion switches to conspiracy theories that Barabbas' puppet account agrees with Barabbas and the trolls start trolling and we don't talk about the subject, but anyway, the true can not be denied, so I have to agree.

Because most of the time (quite rightly) I complain about the VRC devs, I copy this conversation here which I had in an other thread with drkman, just for the record, and to acknowledge that in my opinion not everything is negative in VeriCoin and the fundament of VRC is still there.

drkman:

For those who value a decentralized marketplace and non scam developers, then you need to research the SuperNET.  Maybe altcoinUK should also reevaluate how he feels about Vericoin too since it is also not a scam (like so many others) and has dedicated developers and also is a rare SuperNET core coin which means its investors will receive real direct profits from SuperNET's decentralized Ebay posting fees as well as future profits from the joint ventures that jl777 and Vericoin develop together.


altcoiunUK:

I wouldn't go that far as reevaulation, but I certainly respect the VRC devs who distributed their coin fairly and didn't pull out a scam. Of course in contrast what you said the VRC developers are not dedicated at all, they are lazy, additionally they are busy with their career and family, and therefore Vericoin has around 1 % chance to succeed.  That 1% chance comes from their transparency and integrity.  As for James, since he is your associate it is worth mentioning, no one knows in the VeriCoin community what he does, because he doesn't do anything for VRC. You (I assume with a good intention) got VeriCoin into a deal that helped for James to raise $5 million, he (and you perhaps indirectly) used the VRC community to give him credibility during his ICO and once he got the big cash he was gone. While the VRC devs sort of honest guys, James is navigating himself into the category of the scammer David Zimbeck. So ironically, you have a serious issue with SuperNet, and it is James, and it's ironic because SuperNet is James.

As for the decentralized marketplace, as you know we have discussed this a lot and thinking about the issue, while I hate to agree always with him, I have to agree with Barabbas:  law enforcement will not tolerate peer to peer decentralized market place projects. As the sell of prohibited items on decentralized markets is inevitable, law enforcement will stop the networks from US to Australia, from UK to Germany. They will arrest the developers, arrest users and size computers just like law enforcement act when child pornography is detected. It will be high profile arrests and then that will be the end of SuperNet and decentralized market places (I don't mention Bitbay, because Bitbay will  never get that large scale operation level). Then, of course there will be regulated decentralized market places, but such networks wont be run buy guys like this little piece of shit scammer David Zimbeck, not only because as the result of his scam he will be incapacitated state by then (see my above prediction about the affair of 5 ft tall David Zimbeck vs. Russian organized crime groups), but because regulated entities will run the network.

I wouldn't go that far as reevaulation, but I certainly respect the VRC devs who distributed their coin fairly and didn't pull out a scam. Of course in contrast what you said the VRC developers are not dedicated at all, they are lazy, additionally they are busy with their career and family, and therefore Vericoin has around 1 % chance to succeed.  That 1% chance comes from their transparency and integrity.  As for James, since he is your associate it is worth mentioning, no one knows in the VeriCoin community what he does, because he doesn't do anything for VRC. You (I assume with a good intention) got VeriCoin into a deal that helped for James to raise $5 million, he (and you perhaps indirectly) used the VRC community to give him credibility during his ICO and once he got the big cash he was gone. While the VRC devs sort of honest guys, James is navigating himself into the category of the scammer David Zimbeck. So ironically, you have a serious issue with SuperNet, and it is James, and it's ironic because SuperNet is James.

As for the decentralized marketplace, as you know we have discussed this a lot and thinking about the issue, while I hate to agree always with him, I have to agree with Barabbas:  law enforcement will not tolerate peer to peer decentralized market place projects. As the sell of prohibited items on decentralized markets is inevitable, law enforcement will stop the networks from US to Australia, from UK to Germany. They will arrest the developers, arrest users and size computers just like law enforcement act when child pornography is detected. It will be high profile arrests and then that will be the end of SuperNet and decentralized market places (I don't mention Bitbay, because Bitbay will  never get that large scale operation level). Then, of course there will be regulated decentralized market places, but such networks wont be run buy guys like this little piece of shit scammer David Zimbeck, not only because as the result of his scam he will be incapacitated state by then (see my above prediction about the affair of 5 ft tall David Zimbeck vs. Russian organized crime groups), but because regulated entities will run the network.

I have really no idea who is behind this, I asked the BitBay team account guy, so what's your old nick (because he admitted he is long term BCT user), but of course he was not saying.

Do you know who is the guy?

David will be more than happy to tell that, no worries. When the 5 ft tall David will face with his "investors", then David will ask what you want to know before the "investors" ask anything ... and then they will find the Chinese or whoever behind this scam. The most basic rule of business, if you don't want trouble stay away from Russian criminals.

He was a damn Chess master if you allow me to correct your statement. From the moment the scam will be obvious he is a hunted man. He shouldn't go to Bter to pull out this scam where so much dirty Russian money wait to be cleaned out and put his face out there, this is a gift for the criminals. It was never ever happened that the Russian crime groups didn't go after the guy if they knew who the guy is, never. It is a principle for the criminals to go after the guy, they are brutal and crazy.

Yeah, and David Zimbeck is very stupid to give not only his name to this, but actively managing this scam. He shouldn't involve with ICO on Bter where the Russian criminals very active. Lots of Russian criminal money goes into crypto, but usually the coin is anonym and that's fine, it is just a pure financial instrument for the criminals. However, they can't wait such opportunity that actually they can find a real person behind the operation, so they can demonstrate how strong and brutal they are. They are very happy for that, it is an exercise for those criminals and to prove their brutality for their own community. David should not take a dime from that money just run, but even that won't save him because nowhere to run from Russian criminals.

Congratulation man, you pulled out this scam, well done if living and making money like this makes you happy, but one thing is sure, no one should be envy David Zimbeck, the public face of this scam.

LoL that was funny they published the team info ... fucking unbelievable. Holly from Taiwan, Edward from Korea and Nicos who loves dog :-))) you can't make this shit up, he loves a fucking dog and they felt it must be in the bio, but not the name and the credential of the guy shouldn't because they signed and "NDA" ... oh dear ... Their issue is, David Zimbeck in order to save his ass (not that it will save him) will tell who Nicos, Edward and Holly are.

Of course the volume was fake, that was very obvious. Well known faces and their puppet accounts were pushing the hell out of from this scam on that thread with the 1 billion market cap and other nonsenses.

First I believed that David is nice guy but he is very much in this scam. His post about how he will manage the operation proves that. Fortunately I didn't put a dime in this shamble. Their, problem is, that apart from the fake volume some real money went into this scam too, and as I know, and I am pretty sure that's the case, there are a few Russians who did invest, and they know who David Zimbeck is. Right now, after this scam, you really don't want to be David Zimbeck even if you are in Cambodia. Stupid young man, it will be ugly, but before he goes down he will tell who are his associates.

@amesterdamer

How are things in the VRC community? Have that 5-10 poor buggers who left and manifests the community started to ask the devs what's happening, where is James, wtf are they working on for 5 months that nothing came out from them?

Or everything is nice and dandy? :-)))