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Author Topic: [DCM] Digital Commerce 100% PoS Multipool/Merchant/Investor focused. Bittrex!  (Read 3698 times)
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Digithusiast
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June 24, 2014, 01:46:11 PM
 #41

Merk, unfortunately the IPO investors, including you and me, have been fooled. The devs are gone with the money and Wallenstein is windowdressing with posts about the design of a vendor portal coming in July. As mentioned in the original thread (that was suddenly closed without any mentioning), a vendor portal will do zero for DCM. We better write down the names of these devs on our blacklist and accept the financial loss. Many new coins have launched the last weeks, at least as good as DCM. The only thing really special about DCM was the huge success of the IPO and the potential power of the resulting budget. But the IPO budget has only brought profit to the devs and their friends, and has not been and will not be used for the survival and development of the DCM coin, which is now getting near a very sad value of 2000 sats.
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June 24, 2014, 02:13:40 PM
 #42

Merk, unfortunately the IPO investors, including you and me, have been fooled. The devs are gone with the money and Wallenstein is windowdressing with posts about the design of a vendor portal coming in July. As mentioned in the original thread (that was suddenly closed without any mentioning), a vendor portal will do zero for DCM. We better write down the names of these devs on our blacklist and accept the financial loss. Many new coins have launched the last weeks, at least as good as DCM. The only thing really special about DCM was the huge success of the IPO and the potential power of the resulting budget. But the IPO budget has only brought profit to the devs and their friends, and has not been and will not be used for the survival and development of the DCM coin, which is now getting near a very sad value of 2000 sats.

The original thread was not closed by the devs.  It was a decision by BCT moderators due to threats being posted.  The threat post was removed and the thread locked.  That's the reason we have the new ANN, moderated by the DCM team to keep a certain destructive FUDer individual from posting here.

I don't think that the devs are not working on something, they are just too slow for the crypto world.  Coins with promises just don't do it any more because so many people have gotten burned.  Now if you want a coin to succeed, you NEED to have everything ready (or almost ready) before launch.  The fuck if I'm going to ever invest in something with "promises and potential" again.  I'll wait until things have been proven to work and the devs have a good track record....and that's where I will invest.

I know for a fact that Wallenstein has a heavy vested interest in DCM and owns a lot of coins himself.  As for the others I don't know.  So I know he wants the coin to succeed.  Kreative just kind of went MIA since June 17th.  He might be working on getting vendors or what not, but damn.....peak in to say hi or something.  The other guys are more behind the scenes guys and didn't really post much when things were going well, so I understand that.

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June 24, 2014, 03:05:03 PM
 #43


I don't think that the devs are not working on something, they are just too slow for the crypto world.  Coins with promises just don't do it any more because so many people have gotten burned.  Now if you want a coin to succeed, you NEED to have everything ready (or almost ready) before launch.  The fuck if I'm going to ever invest in something with "promises and potential" again.  I'll wait until things have been proven to work and the devs have a good track record....and that's where I will invest.


I think you are correct there with the issue. I've mentioned it before, as have others. Saying something is coming soon, or in the marketplace's case, a month or so from now, is simply too slow in crypto-time. It could work, if the devs showed something in-between new developments, but to just wait and post screenshots, while the price tanks, obviously isn't working.

Then add on the natural skepticism with all ipos, and then include the Bob issue, and it's a terrible mix. The devs should have, and maybe still can, diffuse this skepticism by spending some of the ipo money. But they seemingly have been holding onto it like misers so far. They could have partially diffused the Bob situation/kept the price semi-stable early on by using ipo money to vote the coin up on exchanges... but nope. During Bob's initial tantrum phase, they could have been here reassuring people, instead of deciding that weekend was a good time to spend with their families ... but nope.

They could very, very easily rent machines with some of their ipo money and support their own multipool... again, doesn't seem to be happening. Pay a dev for a mobile wallet? Maybe use some coin to offer promotions? Or maybe actually outline here in detail how they plan for the marketplace to work with low coin volume, what vendors they signed up and exactly how the ipo money is to be spent... nope.

I still have some DCM, but mostly got out  with the teensiest of profits when Bob kept going on his rampage. I'm annoyed at myself for not getting out immediately as soon as Bob started the whole thing with Harmony (which amazingly seems like it was the safer buy at the moment).

Anyway, maybe the devs can turn this around still... it's not impossible. But they can't simply sit there and think an upcoming marketplace weeks from now will save things, not without showing something tangible very, very soon.
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June 24, 2014, 03:27:23 PM
Last edit: June 24, 2014, 03:39:13 PM by xamido
 #44

Okay that's it. I'm done with this coin. I've sold everything 2 days ago and was considering getting in once this thread is opened but now i've seen all that i need to see.

1. Notice the dev avoiding the suggestion to use the IPO for buy wall to show support? It's because they already get their own share of profit from the IPO and they don't want to spend any of it to show goodwill.

2. Notice the only one replying is Wallenstein? Where's the three main dev, WTH are they doing right now? I see two of them login to their account today.

3. Notice how they are expecting outside whale to help? Why can't they help the coin with their IPO money?

I'm done, the dev team don't want to spend any of that IPO to save the coin. I've already mentioned, put up buy wall at 4k and even if it's bought they control half of the coin supply and that one can be used as incentive. But of course they won't do it. They've made their profit and only want others to save the coin for them.

Even scam coin have more active and assuring dev than these 5 people combined.

Here's the thing, you want others to support you? Then you better spend some of those IPO first. We have seen no goodwill from you guys, only promises. Action speaks louder.  Roll Eyes
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June 24, 2014, 11:03:09 PM
 #45

135btc ipo about 2 weeks ago. 13k market cap atm. How? If this turns out to be a scam... What can we do?
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June 24, 2014, 11:54:09 PM
 #46

Out of curiosity I just checked the price right now. Slipping close to triple digits.

*Repeatedly presses the catastrophic loss button*

Help...
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June 25, 2014, 12:05:55 AM
 #47

Out of curiosity I just checked the price right now. Slipping close to triple digits.

*Repeatedly presses the catastrophic loss button*

Help...

probably the devs placed their buy wall @ 110 and 100 sat.
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June 25, 2014, 12:12:30 AM
 #48

Out of curiosity I just checked the price right now. Slipping close to triple digits.

*Repeatedly presses the catastrophic loss button*

Help...

I'm selling mate, this was a scam, just a pump and dump. Devs won't spend a single bitcoin on this shit. I have lost some to, but din't buy much to begin with.
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June 25, 2014, 12:13:49 AM
 #49

Out of curiosity I just checked the price right now. Slipping close to triple digits.

*Repeatedly presses the catastrophic loss button*

Help...

probably the devs placed their buy wall @ 110 and 100 sat.

Heh, I wondered about that. That's around where I put a small buy order.

I don't really think the devs would do that,  but if one or more whales did want to get involved with this coin like the devs mentioned earlier, there is only one scenario I see that is feasible. Basically a complete collapse, whales scoop up dirt cheap coins. Devs come to the rescue and are active. Coin gets pumped to 2-3Kish. It's a level that is still too low for most ipo people to sell at, yet certainly a nice profit for those who got the cheapo coins. I'm also sure someone like Bob wouldn't do anything like that, however...
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June 25, 2014, 12:16:43 AM
 #50

Out of curiosity I just checked the price right now. Slipping close to triple digits.

*Repeatedly presses the catastrophic loss button*

Help...

I'm selling mate, this was a scam, just a pump and dump. Devs won't spend a single bitcoin on this shit. I have lost some to, but din't buy much to begin with.

I actually sold most of my coin a while ago, and just have some scraps left, so I'll wait it out myself. At these prices I really don't see a point to even selling. I can't really take a loss here, I just brought up the catastrophic loss thing as that's exactly what the devs said they would protect investors against.

If they don't put up a buy wall now, the coin is dead (or deader than it already is... dead dead) and the devs won't have a chance in crypto again (using those screen names, anyway).
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June 25, 2014, 12:18:25 AM
 #51

Alright....at this point I'm down right pissed the fuck off.  Protect the investors from catastrophic losses?  What the fuck is the definition of catastrophic?  I think we're at that point now.  Fucking do something about this devs.  I've been on your side, but at this point I'm done backing you up.  You want people to take their coins off the exchange?  Good luck with that one.
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June 25, 2014, 12:33:29 AM
 #52

Just bought 11,000 at 1500 satoshi on a gamble that they'll fix the interest rate problem in the wallet and start pumping out cool features.  Probably a stupid gamble as kreative hasn't been online in 4 days and not one of the dev team would reply to me regarding serious issues, but it wasn't too expensive.

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June 25, 2014, 12:35:26 AM
 #53

I trust them to appear and do something (the fucking buy support at 4-5k with 10 btc). The team have more than 100 btc. In any case we can try to locate them (bob has information of them).
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June 25, 2014, 12:38:06 AM
 #54

Just bought 11,000 at 1500 satoshi on a gamble that they'll fix the interest rate problem in the wallet and start pumping out cool features.  Probably a stupid gamble as kreative hasn't been online in 4 days and not one of the dev team would reply to me regarding serious issues, but it wasn't too expensive.

Could be a worthwhile gamble. If I had spare btc right now, I may have done the same. Instead I put in a more cynical bid near the 100s... and am not even certain that is a safe bet. I keep thinking of maza for some reason.
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June 25, 2014, 12:42:04 AM
 #55

sitedown ... they did not log for while ....

does this ring the bell ?
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