Unmoderated threadI posted a few critical comments in the thread and I was immediately censored.
I wanted to remind everyone that this has all the hallmarks of a scam and started in the same way as the Paycoin scam. Private investment rounds etc. backed by some cheap glass in a photo etc. further updates to follow.
POINTS TO CONSIDER
1) Bitstone has not been researched properly. There is already
https://www.bitstone.eu/ software company and other entities out there using the name Bitstone
2) This crypto claims as others to be "backed by" $1,000,0000 in gemstones. Like the old fashioned US Dollar backed by the gold reserve. Now, where exactly are the 1 mill. gemstones kept and have the gems been independently valued etc. A photo of some green and clear rocks don't prove anything.
3) Then there is the endless blibber blabber of "asset backed FinTech altcoin ecosystem." "link the alternative currency (altcoin) marketplace to assets and the global payment infrastructure of BitStone (BST.)" "pioneers liquidity and commerce beyond the financial isolationism" and so on... This is just diversion tactics to make it sound serious when it's not. Remember Paycoin.
4) "Liquidity Reserve Plan" - remember the Paycoin $20,- floor value and the Paycoin liquidity fund.
Anyway, this is just from the first paragraphs.
What I see is another scam using smoke and mirrors based on the structure of the Paycoin scam. Sure, they may launch a coin but the value has nothing to do with any gems. You will never see the gems.
And what about the raffle for a Picasso? Another cheap tactic to suck people in.
They could just sell the Picasso and a gem or two and start the company themselves but they won't do that because it's a scam.
Wow guys,
First things first... your post still sits on the thread - I haven't deleted that one :
https://bitcointalk.org/index.php?topic=1088486.msg11603662#msg11603662You continued on with FUD when we went above and beyond to prove we are 100% serious and vested into this project.
We have more than enough inventory to back this coin, and we will do just that.
You saying you will never see any gems???
We would like to put a 10 BTC wager on the line. We can escrow this wager... When all stones for ICO investors are delivered we win the 10 BTC wager, if the stones aren't delivered to ICO investors, you win the 10 BTC. Simple bet, if you believe so strongly you are right, put your money where your mouth is.
You also say - "And what about the raffle for a Picasso? Another cheap tactic to suck people in."
Cheap Tactic? The Picasso is appraised at $10,000 USD. This will be given to the winner of the raffle, the raffle pick will be done and broadcasting live inside the BitStone Store...We have proven we are in possession of the Picasso seen here in this post:
We have even more to give to the community and I invite you to be apart of it, rather than FUD behind our backs...That is what is cheap here, talking smack about a coin that's not even launched yet. So quick to point the finger at us yelling scam when you are just simply speculating with no proof. That's truly cheap my friend.
Anyone stupid enough to invest in this scam deserves to lose their bitcoin.
I answered you in your post here my friend, you never answered back to me about what was so funny, better yet you ran into a FUD thread to feel better about yourself?
Please Reply:
Wow!
A Picasso Print raffle. Appraised at $13000 USD even.
Too funny.
Hello what is so funny?
I uploaded some pictures of the Appraisal Paperwork. It was appraised at $10,000 USD in December of 2012. Now its currently valued at $13,000 USD. Picasso Artwork is highly collectable, and this appraisal was done by a friend of mind in Beverly Hills.
Take a look for all the info you need on this, and let me know if you have any more questions. Thanks for your comment.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIL8pAXi.jpg%3F2&t=665&c=FIp_tm7vw0hjWg)
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FfL5dhKv.jpg%3F1&t=665&c=0RQ7ENyRIlS27g)
We just purchased another $50,000 in diamonds today, and will have some pictures to show you guys later over here on the official thread:
https://bitcointalk.org/index.php?topic=1088486.0