Shield (OP)
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March 29, 2016, 11:45:25 AM Last edit: March 30, 2016, 01:02:46 PM by Shield |
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Most of us know about gawminer and paycoin scam but why no one is talking about yobit yovicoin scam? Yobit launched their own cryptocurrency YOVICOIN aka YobitVirtualCoin in july 2015 https://bitcointalk.org/index.php?topic=1108063.0;allhttps://bitcointalk.org/index.php?topic=1120967.0:allit was Raise Only Market (ROM) with rules - max wall size: 0.10 btc - max sell order size: 0.10 btc - minimal step between new orders - 10 sat (0.00000010) - max 10 open sell orders allowed for ROM market All orders in walls > 0.1 btc are cancelled, this is a necessary measure for the market recovery They promised
Sell limits in ROM will be increased after some time.- pay for adding new coins by YOVI with discount (by BTC without discount) + pay for special tools for new coins (block explorer, annonce by mail to Yobit users) - pay for ICO/RICO fee by YOVI with discount (by BTC without discount) - pay for some special new tools for users by YOVI with discount (monthly subscriptions)But they after selling their premine they decreased the sell limit on their exchange as well as abandoned the project.Did't accepted it on their website for payment method. They lied everything and scammed innocent investors who bought their premined shit hoping its a good investment.They didn't completed any of their promise to increase sell wall limit and accepting it on their website.Investors should start a lawsuit against them if they don't complete their promise.
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YoBit
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Activity: 1007
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★YoBit.Net★
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March 29, 2016, 10:18:48 PM |
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Services for Yovi are still in developing.
Our devs team is overloaded, every day something is improved or optimized on Yobit + we do integration for non standart coins (like Destiny, the first Expanse Asset).
More Yovi-updates & services will be when our volume exchange will be higher, it will allow the Yovi price to rise more actively.
p.s. Too many accusations this month, seems like our competitors are beginning to get nervous.
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rezilient
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March 29, 2016, 10:35:04 PM |
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Services for Yovi are still in developing.
Our devs team is overloaded, every day something is improved or optimized on Yobit + we do integration for non standart coins (like Destiny, the first Expanse Asset).
More Yovi-updates & services will be when our volume exchange will be higher, it will allow the Yovi price to rise more actively.
p.s. Too many accusations this month, seems like our competitors are beginning to get nervous.
Your competitors owns most of the market and they don't add shitcoins and create their own coin to get profits. shheeesshh
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You don't pay enough.
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YoBit
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★YoBit.Net★
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March 29, 2016, 10:55:41 PM |
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Services for Yovi are still in developing.
Our devs team is overloaded, every day something is improved or optimized on Yobit + we do integration for non standart coins (like Destiny, the first Expanse Asset).
More Yovi-updates & services will be when our volume exchange will be higher, it will allow the Yovi price to rise more actively.
p.s. Too many accusations this month, seems like our competitors are beginning to get nervous.
Your competitors owns most of the market and they don't add shitcoins and create their own coin to get profits. shheeesshh Of course I do not mean large exchanges. We are still too young, and at the moment our volume is small, but the growth is very active.
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Shield (OP)
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March 30, 2016, 01:29:30 AM |
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Services for Yovi are still in developing. Our devs team is overloaded, every day something is improved or optimized on Yobit + we do integration for non standart coins (like Destiny, the first Expanse Asset).
I don't think a dedicated development team will take that much time if you are really serious about your project but the truth after selling your premined shit you stopped working on it. More Yovi-updates & services will be when our volume exchange will be higher, it will allow the Yovi price to rise more actively.
If you can't deliver what you promised why you are expecting your exchange volume will higher? so you can create more shit like this to scam more users? p.s. Too many accusations this month, seems like our competitors are beginning to get nervous.
lol really? come on, you scammed people and now blaming others while everyone can see its the truth feeling frustrated because your truth is being exposed.stop giving fake excuses & deliver what you promised to innocent investors. you decreased the sell wall limit from 0.1 to 0.01 but you promised yovi investors that sell wall limit will increased,it doesn't takes more then few minutes to increase the sell wall limit when you can decrease it you can increase it but you don't want to do so because you already sold your premined shit and now don't want to work on it to deliver what you promised. I hope some of your investors start a lawsuit against you very soon if you fail to deliver what you promised.They should take action against yobit soon before yobit do big scam.
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Shield (OP)
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March 30, 2016, 12:32:41 PM Last edit: March 30, 2016, 01:03:28 PM by Shield |
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at launch of YOVIcoin max sell wall size was 0.1btc many users bought big amount of coins, after that they reduced sell wall limit to 0.01
whats profit for them?
they limited max no of active sell order on any account to 2, if you want to place more then 2 orders then they charge a monthly fees for this.so first they scammed users by selling their shitcoin by giving fake promises after that reduced sell wall limit so they can charge those investors a monthly fees if they want to sell their coins.
yobit should remove or increase sell wall limit to their promised level above 0.10btc if they have no intention to scam,all it takes few minutes but if they don't then its clear all that they want is to scam their users
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suchmoon
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https://bpip.org
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March 30, 2016, 05:07:38 PM |
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Services for Yovi are still in developing.
Our devs team is overloaded, every day something is improved or optimized on Yobit + we do integration for non standart coins (like Destiny, the first Expanse Asset).
More Yovi-updates & services will be when our volume exchange will be higher, it will allow the Yovi price to rise more actively.
p.s. Too many accusations this month, seems like our competitors are beginning to get nervous.
That's a very weak response to what seems to be a very specific accusation. If you sold a product that was not developed properly and you have no resources to complete it - you should refund, or buy the coins back at the original ICO rate, or provide any other compensation that makes sense. Otherwise you should address the accusation, explain what's going on and how it will be fixed. Saying that higher volume "will allow the Yovi price to rise more actively" sounds more like wishful thinking than a solid plan.
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tiggytomb
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March 30, 2016, 05:15:36 PM |
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I was lucky enough to get out of Yovi when it reopened and got away with minimal loss, the whole rise only market idea is funny, if only it was that easy lol. To say that your team is overloaded doesn't really address the issue or help anyone, it is more a delaying tactic and will just frustrate people even more.
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Phildo
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March 31, 2016, 01:52:56 AM |
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I hate to say this on every single scam accusation thread, but I feel like I have to.
how dumb are you if you thought this would work?
On what planet would this "rise only market" work?
If we were on that planet, what incentive does yobit have to do anything after they unload their coins?
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cjmoles
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Activity: 1176
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March 31, 2016, 03:47:08 AM |
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Services for Yovi are still in developing.
Our devs team is overloaded, every day something is improved or optimized on Yobit + we do integration for non standart coins (like Destiny, the first Expanse Asset).
More Yovi-updates & services will be when our volume exchange will be higher, it will allow the Yovi price to rise more actively.
p.s. Too many accusations this month, seems like our competitors are beginning to get nervous.
That's a very weak response to what seems to be a very specific accusation. If you sold a product that was not developed properly and you have no resources to complete it - you should refund, or buy the coins back at the original ICO rate, or provide any other compensation that makes sense. Otherwise you should address the accusation, explain what's going on and how it will be fixed. Saying that higher volume "will allow the Yovi price to rise more actively" sounds more like wishful thinking than a solid plan. Buying all the coins back at the ICO rate would hurt those who bought in at the much higher prices....I don't know if that would be fair to those who entered the market late! The only thing that would be fair is to buy back all the coins at the current rate....After all, it's a rise only market so yobit can't lose money on the coins they buy back....right?
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Shield (OP)
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March 31, 2016, 04:09:32 AM |
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Services for Yovi are still in developing.
Our devs team is overloaded, every day something is improved or optimized on Yobit + we do integration for non standart coins (like Destiny, the first Expanse Asset).
More Yovi-updates & services will be when our volume exchange will be higher, it will allow the Yovi price to rise more actively.
p.s. Too many accusations this month, seems like our competitors are beginning to get nervous.
That's a very weak response to what seems to be a very specific accusation. If you sold a product that was not developed properly and you have no resources to complete it - you should refund, or buy the coins back at the original ICO rate, or provide any other compensation that makes sense. Otherwise you should address the accusation, explain what's going on and how it will be fixed. Saying that higher volume "will allow the Yovi price to rise more actively" sounds more like wishful thinking than a solid plan. Buying all the coins back at the ICO rate would hurt those who bought in at the much higher prices....I don't know if that would be fair to those who entered the market late! The only thing that would be fair is to buy back all the coins at the current rate....After all, it's a rise only market so yobit can't lose money on the coins they buy back....right? possible solutions are rise sell wall limit and max no of orders someone can place,also complete their promises in short period without giving fake excuses or yobit make it free market and put a buy wall at ICO price
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cjmoles
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March 31, 2016, 04:40:57 AM |
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Services for Yovi are still in developing.
Our devs team is overloaded, every day something is improved or optimized on Yobit + we do integration for non standart coins (like Destiny, the first Expanse Asset).
More Yovi-updates & services will be when our volume exchange will be higher, it will allow the Yovi price to rise more actively.
p.s. Too many accusations this month, seems like our competitors are beginning to get nervous.
That's a very weak response to what seems to be a very specific accusation. If you sold a product that was not developed properly and you have no resources to complete it - you should refund, or buy the coins back at the original ICO rate, or provide any other compensation that makes sense. Otherwise you should address the accusation, explain what's going on and how it will be fixed. Saying that higher volume "will allow the Yovi price to rise more actively" sounds more like wishful thinking than a solid plan. Buying all the coins back at the ICO rate would hurt those who bought in at the much higher prices....I don't know if that would be fair to those who entered the market late! The only thing that would be fair is to buy back all the coins at the current rate....After all, it's a rise only market so yobit can't lose money on the coins they buy back....right? possible solutions are rise sell wall limit and max no of orders someone can place,also complete their promises in short period without giving fake excuses or yobit make it free market and put a buy wall at ICO price This is the problem with throwing up a buy wall at ICO price....those who bought in at the much higher prices would lose their entire investment and that would make it a Ponzi scam; that would not be fair! How can changing the rules after somebody made their investment be justified? It would not be fair that those who bought into the project in the beginning be the ONLY ones to make a profit....see what I'm saying? Should the guy who bought in today lose his entire investment to those who bought in first???
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Shield (OP)
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March 31, 2016, 09:45:03 AM |
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Services for Yovi are still in developing.
Our devs team is overloaded, every day something is improved or optimized on Yobit + we do integration for non standart coins (like Destiny, the first Expanse Asset).
More Yovi-updates & services will be when our volume exchange will be higher, it will allow the Yovi price to rise more actively.
p.s. Too many accusations this month, seems like our competitors are beginning to get nervous.
That's a very weak response to what seems to be a very specific accusation. If you sold a product that was not developed properly and you have no resources to complete it - you should refund, or buy the coins back at the original ICO rate, or provide any other compensation that makes sense. Otherwise you should address the accusation, explain what's going on and how it will be fixed. Saying that higher volume "will allow the Yovi price to rise more actively" sounds more like wishful thinking than a solid plan. Buying all the coins back at the ICO rate would hurt those who bought in at the much higher prices....I don't know if that would be fair to those who entered the market late! The only thing that would be fair is to buy back all the coins at the current rate....After all, it's a rise only market so yobit can't lose money on the coins they buy back....right? possible solutions are rise sell wall limit and max no of orders someone can place,also complete their promises in short period without giving fake excuses or yobit make it free market and put a buy wall at ICO price This is the problem with throwing up a buy wall at ICO price....those who bought in at the much higher prices would lose their entire investment and that would make it a Ponzi scam; that would not be fair! How can changing the rules after somebody made their investment be justified? It would not be fair that those who bought into the project in the beginning be the ONLY ones to make a profit....see what I'm saying? Should the guy who bought in today lose his entire investment to those who bought in first??? then first solution is perfect for this keep it ROM market rise sell wall limit and increase max no of orders someone can place,also complete the promises they made at launch in short period without giving fake excuses
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suchmoon
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https://bpip.org
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March 31, 2016, 03:38:17 PM Last edit: April 01, 2016, 02:28:56 AM by suchmoon |
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that would make it a Ponzi scam
It was a ponzi by design, wasn't it? Wasn't whole "rise" concept based on restricting orders so that no one could sell cheaper, and it depended on new buyers buying at ever higher prices? Did Yobit actually contribute any funds, e.g. from their profits or whatever?
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The Sceptical Chymist
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Top Crypto Casino
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March 31, 2016, 03:47:34 PM |
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I don't understand the rise only market concept--is that ever used anywhere else?
I'd say Yobit is a good exchange otherwise and yes I'm in their sig campaign, but orders go thru fast and there haven't been any problems with withdrawals. So far.
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bargainbin
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March 31, 2016, 04:09:59 PM |
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I hate to say this on every single scam accusation thread, but I feel like I have to.
(1)how dumb are you if you thought this would work?
(2)On what planet would this "rise only market" work?
(3)If we were on that planet, what incentive does yobit have to do anything after they unload their coins?
1. Potato 2. Potato 3. Potato Checkmate, h80r!
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lottery248
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beware of your keys.
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April 01, 2016, 02:20:26 AM |
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I hate to say this on every single scam accusation thread, but I feel like I have to.
(1)how dumb are you if you thought this would work?
(2)On what planet would this "rise only market" work?
(3)If we were on that planet, what incentive does yobit have to do anything after they unload their coins?
1. Potato 2. Potato 3. Potato Checkmate, h80r! all the answer is simply potato? well, you are not even answering the question legitimately.
not sure if yovi is really a scam, but i am perplexing about how the gain is come from. if yobit refuses to answer, then i am getting deeper for the information.
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out of ability to use the signature, i want a new ban strike policy that will fade the strike after 90~120 days of the ban and not to be traced back, like google | email me for anything urgent, message will possibly not be instantly responded i am not really active for some reason
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Gaugh
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April 01, 2016, 03:15:46 AM |
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Services for Yovi are still in developing.
Our devs team is overloaded, every day something is improved or optimized on Yobit + we do integration for non standart coins (like Destiny, the first Expanse Asset).
More Yovi-updates & services will be when our volume exchange will be higher, it will allow the Yovi price to rise more actively.
p.s. Too many accusations this month, seems like our competitors are beginning to get nervous.
You could reduce the accusations if you took the time to send emails to all your customers explaining why you took that step. It is also very good to update your clients on a regular basis of the changes you have made as you progress.
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Phildo
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April 01, 2016, 03:26:33 AM |
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I hate to say this on every single scam accusation thread, but I feel like I have to.
(1)how dumb are you if you thought this would work?
(2)On what planet would this "rise only market" work?
(3)If we were on that planet, what incentive does yobit have to do anything after they unload their coins?
1. Potato 2. Potato 3. Potato Checkmate, h80r! all the answer is simply potato? well, you are not even answering the question legitimately.
not sure if yovi is really a scam, but i am perplexing about how the gain is come from. if yobit refuses to answer, then i am getting deeper for the information. The gain is simple. they sold you worthless coins for coins that are worth something. they made a gain, you made a loss. Someone else asked what a "rise only market" is. Apparently it's a market where once you buy a coin at a certain price, it is impossible to list a coin for sale at a price lower than that. of course someone with 1 functioning brain sell would ask what happens when someone buys a coin for 21 million BTC, since no one can buy a coin for more than that price, it's obvious that the price can't go up forver, it's just a matter of time to find out when people will actually stop buying them and which lucky "investors" will get stuck holding the bag.
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cjmoles
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April 01, 2016, 04:34:13 AM |
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Actually, if anybody remembers right....Somebody listed Yovi as a rise only experimental market; in fact, it didn't even have a wallet! It sold at 1 sat a piece, the market went crazy, and it soon got out of control. After a strong period of heavy activity, it finally stalled. It froze because it had reached a point where the price was too high and the sell walls were too large! It was a lot of fun and everybody was loving it until it stalled. When it stalled, a lot of people had their money invested in it at the inflated prices because it wasn't anticipated it would freeze. It wasn't anticipated because it was an experimental thing. After a period of some several weeks, or so, of it being stalled, it was decided to create a wallet, reset the rules to prevent the walls from growing to enormous proportions, and relaunch Yovi with swapped coins. This was all done to give everybody, who had invested in Yovicoin late, a chance to recoup their losses. So that's what they did and this is where we are.....so if the coins were rebought at ICO now....that'd be an extreme loss for most because the initial price of Yovicoin was only 1 satoshi, but most of us bought in for a much, much greater amount.
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