Not gonna happen. You are scamming people and stealing their cryptos, you're not gonna get a clean thread to lure in even more people. I hope there haven't been a lot of people who invested in the pre-sale.

I just found out about it and I'm a bit shocked that noone in my social bubble talked about this scam. But I think they don't know anything about it and a lot of people only stumbled upon it after the Bcash fork. I now believe we should use BCC ticker for bcash and oust this scam wherever possible. I thought about asking prominent btc people with a lot of followers to investigate bitconnect and publicly denounce it as a scam. The more people are warned, the better, right?

Nothing has been proven, in fact nothing has been disclosed at all. And I mean nothing. Their website is fancy, you can register to participate in a referral program which will supposedly pay you their tokens worth 10 USD (!) per referral.
They don't have any sale status on their website, other than a counter for registrations, which is at about 222k.

Possible scenario is they are using the two weeks till their supposed "alpha" to lure people in with their presale (minimum of 25k USD investment) and large boni (up to 40%) for a couple hundred grand. Come september first, they will be gone.
Or they extend this scam until october 10th when they're supposed to launch the platform, and somehow manage to get even more funds with the ico and some fake accounts who claim they were invited into the private beta and everything is perfect, but for whatever reason they cannot share any pictures of it...
I can't believe there aren't more people screaming scam. Scratch that, fortunately I'm not alone.

Look, I don't know why you try to insult me, as if this was something between the two of us. I'm not here to educate you, I'm here to show everybody else that there is something fishy going on here and that they should be aware that their invested money (in the pre-sale) might just be stolen. It just so happens that you are responding very strongly to my endeavour. For whatever reason.

So for everybody else, again, be careful and don't invest unless they reveal a minimum of information, atm they provide us with nothing. A responsible company would offe an escrow for the pre-sale money. A responsible company would disclose their name, or at least some of their board members/ representatives. They would disclose anything, really. All you get here is a fancy website with some marketing speak and a lifetime income for only 25k+
Who wouldn't want to participate? It's too good. Think about it.


PS: @sorry but Poloniex was hacked. https://www.coindesk.com/poloniex-loses-12-3-bitcoins-latest-bitcoin-exchange-hack/

What is this supposed to mean, some kind of insult? I see you are already identifying yourself with these people, feeling threatened whenever someone asks serious questions. Same goes for you, polka. I've read everything as you suggested, and they explain NOTHING.

So for everybody else who thinks about pre-ordering. There is no need to keep the team a secret just to secure the private keys. If you are doing serious business, you will find better ways to keep them secure than not saying ANYTHING about your team.
It's a stupid argument and smells fishy. And to argue "this is crypto" and the keys could easily be stolen is just stupid. BECAUSE this is crypto, a single person doesn't matter at all for the funds. If they are serious about security, they will do multisig anyways.

The whitepaper is a joke, it has nothing to do with what most crypto projects consider a whitepaper. It's just marketing speak, more like a flyer, not even a small business plan. They won't tell you anything, not even the name of the company.
There is NO ESCROW whatsoever, which means if they run with the money, it's gone. And you won't be able to complain to anyone other than some anonymous nicknames on this forum.

The bitcointalk forum used to be very sceptical, but it seems as soon as someone opens their digital purse, the greed takes over and people stop questioning the most basic things. Just don't invest anything in the presale.

That's what they say? They are concerned that they are unable to secure the funds of their company? What are they noobs or what? How did all the other ICOs do it?

Has anyone participated in the pre-sale? Do they say who they are? Who in their right mind would give them any money without knowing anything? Maybe it is all a scam and that's what they're after? Rich ppl who are greedy? What do you guys think?

Alright, thanks.

The link is down... I suppose there is no mirror?

Have you calculated it? It depends on some factors, like difficulty, total hashrate, pools (to some degree). And it constantly changes. So it's always some kind of gamble involved, imho, depending on where the price moves and how fast you can get your mined coins to the markets.

Yeah, you raised some good points. The question is, what does it mean to survive? The most interesting "weapon" of the safenet users will be the open source code, I believe. Unless the core concept was utterly flawed, a new, improved network would be forked if the first one were to be "killed" by force. At least, that's my ultimate hope.
But I doubt that we will remain in the sphere of theory for much longer anyways. I'm mostly concerned that the implemented security measures of the safenet will work perfectly - but that the tendency of open source communities to be open to all and everyone will make them fall prey to new and old methods of social engineering - without even realizing. Little things like a flawed RNG can break whole systems. Like it happened to Debian.

Glasgow University Students to Explore the Future of Internet Technology
MaidSafe’s SAFE Network used to Study and Create Next Generation Internet Applications

http://www.realwire.com/releases/Glasgow-University-Students-to-Explore-the-Future-of-Internet-Technology

Very cool!

The thing is, though, that was said about bitcoin aswell. So we can clearly see, imo, that not everything needs to be approved/not disapproved by political systems. Technology can make them sweat, and there is a chance that, even IF the "political system" started a war against safenet, they would lose.

Well, while I don't agree on the solved problem part, I don't see a problem in the future IF the safenetwork will work as intended
I think that was what I was aiming at (in hindsight), because imho both technologies will complement each other quite well.

Thanks for your insights!

Thanks for explaining! I get it now, I think. Makes sense. Pretty interesting stuff.

Hi! I think I just realised how FCT, EC and fiat will correlate, and its very fascinating!
But what I still don't understand is the data storage thing. Please correct me if I'm wrong.
These entries are stored on one of the Servers that provide the EC credits, right? They store the actual data, and only store a hash on the blockchain to be able to proof what you mentioned above. If say, a company was to change some of the data or added new data, it would be stored on the EC server, right? So what if, for some reason, all of the data on the EC servers (including Factom) were to be destroyed, would the company be able to "restore" their data (the proofs) regardless?

#edit
I would assume they could, because they could calculate everything from the hashes on the blockchain. But I'm not 100% percent sure. cheers!

thanks!

I also used his/her service and I received the extra space within less than a day (didn't really check how fast). Anyways, nice communication, quick response, Recommended!

isnt this kinda what flattr already provides? the idea is great, just not very new...

Interesting argument. Certainly GPUs are easier to get by (huge distribution network and huge company developing/producing them, compaired to atm very few developing and only one distributing asics. But this is also some kind of centralisation, not  for miners but for suppliers. Still, as these are the firsts asics, prices will fall and in the end having a couple asics won't suffice and more and more will be necessary imho.

But then comes your other point, which is also very interesting. Are you suggesting that it might be economically better for asics producers to cap distribution to keep the prices up for as long as possible? With a partial monopoly on production, as it is now, this might be true...

Not masive, but slowly and steadily. It's only consequential as mining is continually professionalising. It's already pointless to mine with CPUs, it's gonna be with GPUs, and the margins are falling. So either you calculate very thorougly, or you lose money. Theres no way around centralisation, imho. Question is, how cetralised.