[PSA] MemoryCoin 2.0 Dev abandons coin

[Spoetnik]

what do you expect he is a confirmed scammer..
i have caught this little bitch a bunch of times lol
he'll just sneak away from what ever crap coin he is pushing and make another one
and then when confronted with anything that looks bad he will simply just say
oh oh well i didn't make the coin i just posted it.. and then call you a troll and delete your posts to cover it up.
he's done that to me AND other guys..

lesson is stay away from his garbage AND the painfully obvious..
Learn WHO is making the coin before jumping on the band wagon.

[melarina]

So much for the voting aspect of the coin, which now pretty much makes this coin just another worthless shitcoin.

FreeTrade last fall before the MemoryCoin relaunch:

either we manage to create the virtuous circle (grant->more development->higher price->bigger grant->more development ->higher price->....) and the coin grows exponentially or it dies and I move on. I'm not interested in creating another shitcoin that potters along and wastes everyone's time and energy. If that's what you want, there are plenty to choose from. But if I'm involved, it's going to be a high risk/high reward proposition.

Guess he changed his mind about moving on?

[Newmine]

what do you expect he is a confirmed scammer..
i have caught this little bitch a bunch of times lol
he'll just sneak away from what ever crap coin he is pushing and make another one
and then when confronted with anything that looks bad he will simply just say
oh oh well i didn't make the coin i just posted it.. and then call you a troll and delete your posts to cover it up.
he's done that to me AND other guys..

lesson is stay away from his garbage AND the painfully obvious..
Learn WHO is making the coin before jumping on the band wagon.

I am interested in what other coins he was involved with besides the both memorycoin scams?

[Newmine]

Freetrade was finally voted out and is abandoning the coin just like he did with Memorycoin 1. Stay away from this developer. This was predicted in this thread. He will most likely attempt to have the coin removed from exchanges as he did with his previous coin. He succeeded in having the coin removed from bter previously with MEC (memorycoin 1).Proceed with caution.


Good luck all. I advise you to be careful here.

See this thread and these other threads for more info:

https://bitcointalk.org/index.php?topic=389386.msg4476668#msg4476668 (his faux interview disclosing his stake after much pressure)

https://bitsharestalk.org/index.php?topic=2124.msg24636#msg24636

https://bitsharestalk.org/index.php?topic=2047.0

https://bitcointalk.org/index.php?topic=267522.msg3143884#msg3143884

https://bitsharestalk.org/index.php?topic=2125.0

https://bitsharestalk.org/index.php?topic=2817.msg35078#msg35078. New

Read for yourself, especially FreeTrades responses.

Do you due diligence!

[Spoetnik]

Freetrade was finally voted out and is abandoning the coin just like he did with Memorycoin 1. Stay away from this developer. This was predicted in this thread. He will most likely attempt to have the coin removed from exchanges as he did with his previous coin. He succeeded in having the coin removed from bter previously with MEC (memorycoin 1).Proceed with caution.





Developer FreeTrade has granted himself large amounts of MMC through a pre-mine. These awards, upwards of 205,000 coins as he later disclosed after much pressure. These coins were disguised as a pre-mine that was given to protoshare holders and memorycoin 1 contributors. Plus he has been raking in ~48 coin per every 20 blocks for holding the CEO position. Aaaaaaannnnnnd ~15,000 coin from holding the CTO position for awhile in the beginning.

If one person controls that many coin from day 1, the voting aspect of the coin is compromised and this voting aspect is the one thing that was to distinguish this coin from other alts. Especially since the coin failed to remain GPU resistant.
 

Good luck all. I advise you to be careful here.

See this thread and these other threads for more info:

https://bitcointalk.org/index.php?topic=389386.msg4476668#msg4476668 (his faux interview disclosing his stake after much pressure)

https://bitsharestalk.org/index.php?topic=2124.msg24636#msg24636

https://bitsharestalk.org/index.php?topic=2047.0

https://bitcointalk.org/index.php?topic=267522.msg3143884#msg3143884

https://bitsharestalk.org/index.php?topic=2125.0

https://bitsharestalk.org/index.php?topic=2817.msg35078#msg35078. New

Read for yourself, especially FreeTrades responses.

Do you due diligence!
Last update regarding this for now. I will check back in a few months. See how the coin is doing. Good luck, although you might have better luck with Coinye, COYE!

i pointed out a mountain of scammyshit from that guy long ago and no one cared.. the scene is a joke period.
and sorry i am sick of having to repeat myself when they will just keep scamming and name changing and spamming coins to wear us down..
give it a bit and the douche will have Memorycoin v3 out (as long as he has a financial advantage / incentive)
am i the only one getting sick of the scammers that just won't leave and keep pushing shit on us ?

[Newmine]

I pointed out a mountain of scammyshit from that guy long ago and no one cared.. the scene is a joke period.
and sorry i am sick of having to repeat myself when they will just keep scamming and name changing and spamming coins to wear us down..
give it a bit and the douche will have Memorycoin v3 out (as long as he has a financial advantage / incentive)
am i the only one getting sick of the scammers that just won't leave and keep pushing shit on us ?

I here you. I could smell this from across the ocean. The problem is as long as there are people willing to follow, he is going to get away with it. It's sad but he will most likely debut a new coin under a new name and no one will know until it's too late. I suggest people stick to the classic coins. The tried and tested ones, but with the prospect of cashing in on a new fad coin, this ain't gonna happen.

FreeTrade has been missing from the forums for the last month and the MMC community didn't notice until recently and decided to vote him out. He then said that it was the true test of a coin to survive without its founder. Wtf? With MEC, he said that the coin couldn't last without the founder, contacted bter, had coin removed and then walked away to Dev PTS for another group and then MMC.  

It looks as though his interest is in creating a DAC for Bitshares. I am guessing he spent the last month creating a new persona and will use this to release a new coin under the guise of Bitshares which enables a premine distribution to their holders and more than likely will benefit himself more than any other PTS or AGS Bitshares holder.

Proceed with extreme caution.