[IOTA] IOTA Speculation

[Come-from-Beyond]

Ah man, you left out the best part in your quote.

Kids: Don’t drink the Kool-Aid

No idea what Kool-Aid is, we drink vodka.

Shit! I've just recalled I forgot to feed my bear with vodka. Playing on balalaika made me forgot about what time it is now.

[illodin]

It is not about CH taking the btc, it's about the solution.
I think Davids solution is certainly a way to correct this. But I don't agree.
Why: because it is impossible for a third party to be 100% sure it is CH's account.

Without the solution it's 100% sure many people will get scammed. With the solution there's 0.1%* chance someone will get scammed.
__________
* If we estimate the chance CH didn't sell the seed is 99.9%

Two wrongs don't make a right.

It's impossible for you to be 100% sure there are two wrongs unless you are CH or bought his seed.

Your logic is flawed.

Are you implying giving the stolen tokens to those who paid for them but were scammed is wrong?

No, let me break it down in little pieces for you: Two wrongs:

1. it is impossible for a third party to be 100% sure it is CH's account.
2. 0.1% chance someone ELSE will get scammed (which is a random number you made up, but let's keep this in for the sake of argument)

Hence the saying: Two wrongs don't make a right.

Get it?

No I don't get it. Perhaps you could word it differently and I can try again?

[LitcoinCollector]

Ah man, you left out the best part in your quote.

Kids: Don’t drink the Kool-Aid

No idea what Kool-Aid is, we drink vodka.

Shit! I've just recalled I forgot to feed my bear with vodka. Playing on balalaika made me forgot about what time it is now.

Nevermind. I don't mind drinking a vodka next to my pelmeni, gotta eat when drinking vodka!

[LitcoinCollector]

No I don't get it. Perhaps you could word it differently and I can try again?

Sorry moving on, it requires some selfstudy now.

[Seccour]

Please let's get back on-topic.

[illodin]

No I don't get it. Perhaps you could word it differently and I can try again?

Sorry moving on, it requires some selfstudy now.

Sure thing, please go ahead. Perhaps start a blog and paste the link here when/if you have it sorted.

[cloudboy]

Given that I have done many sales I am impressed that no one has called me a scammer yet:) I would just like everyone to know that while I was foolishly one of cryptoknightt's largest buyers, I realized the potential that I was duped early on and none of my sales have come out of the batch I bought from him. Every iota I have sold I have access to and will be able to fulfill my obligations 100%, regardless of default.

@ck, I truly hope you stick to your word on our deal, and that there is a respectful human on the other end of this screen.

Terrible situation. ck wouldn't even discuss using an escrow when I was talking to him about buying, big red flag. Hopefully it can be rectified by revoking his place in the genesis.

[ImI]

Given that I have done many sales I am impressed that no one has called me a scammer yet:) I would just like everyone to know that while I was foolishly one of cryptoknightt's largest buyers, I realized the potential that I was duped early on and none of my sales have come out of the batch I bought from him. Every iota I have sold I have access to and will be able to fulfill my obligations 100%, regardless of default.

@ck, I truly hope you stick to your word on our deal, and that there is a respectful human on the other end of this screen.

Terrible situation. ck wouldn't even discuss using an escrow when I was talking to him about buying, big red flag. Hopefully it can be rectified by revoking his place in the genesis.

most likely he oversold his position, so even if his IOTA are seized buyers will face a decent loss.

[SupZ]

Given that I have done many sales I am impressed that no one has called me a scammer yet:) I would just like everyone to know that while I was foolishly one of cryptoknightt's largest buyers, I realized the potential that I was duped early on and none of my sales have come out of the batch I bought from him. Every iota I have sold I have access to and will be able to fulfill my obligations 100%, regardless of default.

@ck, I truly hope you stick to your word on our deal, and that there is a respectful human on the other end of this screen.

Was expecting you to say some reassuring words, thanks.

[hellsingfan]

I´d be willing to buy 150,000,000,000 IOTAS for 1 BTC

please send me your offers. Escrow is mandatory...

i suggest you buy anything you can from cryptoknightt, because he is selling really cheap iotas, and even if he tries to scam, there will be bail out from the core team: so, that's a golden deal opportunity!

Stop giving uneducated advice. The reason dev can 'bail out' is because CH provided CFB his seed. No one knows CK's seed so no one can bail you out if you buy from CK and he scams you.

[koYnsta]

I have decided that we will freeze CH's account for a month, if he comes back in the meantime and clears everything up and makes good on his promises that's fine, if not we will complete the trades on his behalf.

Whether his abscence is because he's a scammer or something occured in his life is quite irrelevant, what we do know is that he took the effort to delete all his accounts, meaning he did not just fall into a coma or was forcibly admitted to a mental asylum, it was a deliberative and conscious decision on his part, while he was 100% aware of the fact that he had a lot of pending trades. CH was always a troll and instigator of drama, I am whole-heartedly convinced that he does not care at all about IOTA, he cares soley about his own potential for profit and executed what seems to be a scam on the naive and inexperienced in order to achieve the biggest amount of profit he could get, then he decided to vanish.

This decision is made due to the fact that we want as many good active people in IOTA as possible, and it seems he got a long list of victims. I expect these people to be active contributors to the IOTA ecosystem.

As for those worried about legal issues, CH is welcome to try to take legal action on a refunded software sale here in Norway if he feels he has a case ( he does not ).

And those who bring up the tired argument of decentralization vs centralization: IOTA hasn't been released yet, thus it's not decentralized yet, it's a moot point. After IOTA is live it will permanently be impossible for us to alter anything, this is 'written in code'.

Finally to those talking about the PRINCIPLE, I will repeat once more; IOTA is a distributed ledger project focused on achieving a tech standard in Internet-of-Things and other areas that require a scalable, flexible ledger with no fees, it's decentralized as a necessity of this economy being trustless, but it's not some anarcho-capitalist movement about principles, if you want that I suggest Bitcoin.

Hi guys, thanks a lot to the dev.team for setting this sign that scamming does not pay off. Of course I will happily donate a significate amount of my rescued IOTAs to the foundation once this story is finally resolved

[Come-from-Beyond]

Of course I will happily donate a significate amount of my rescued IOTAs to the foundation once this story is finally resolved

Sounds as a bribing attempt  

[cloudboy]

Of course I will happily donate a significate amount of my rescued IOTAs to the foundation once this story is finally resolved

Sounds as a bribing attempt  

Did it work? I'm curious 

[IOTUSA]

Given that I have done many sales I am impressed that no one has called me a scammer yet:) I would just like everyone to know that while I was foolishly one of cryptoknightt's largest buyers, I realized the potential that I was duped early on and none of my sales have come out of the batch I bought from him. Every iota I have sold I have access to and will be able to fulfill my obligations 100%, regardless of default.

@ck, I truly hope you stick to your word on our deal, and that there is a respectful human on the other end of this screen.

Terrible situation. ck wouldn't even discuss using an escrow when I was talking to him about buying, big red flag. Hopefully it can be rectified by revoking his place in the genesis.

most likely he oversold his position, so even if his IOTA are seized buyers will face a decent loss.

This. If you buy from someone with shady rep, and no proof of ownership chances are very high you get screwed.

Though I would also argue that just because someone hasn't 'been here for a while' doesn't mean they don't intend to honor their commitments. We haven't launched yet.

I am not completely 'in the know' on the story so far though.

[IOTUSA]

If it has been confirmed that Child_harold was a scammer (I hope not) then I really hope a decision has been by @iotatoken to reimburse the buyers before launch. CH seemed very trustworthy to me and was working closely with some hero members. I agree that escrow should have been used but with new technology comes a lot of new users with a low level of understanding. I also believe it would be immoral to let multiple buyers (10+) lose out on such an awesome opportunity just because one member decided to steal. This is not comparable to the DAO attack as it is pre-launch and @iotatoken can freeze the account of the so called thief and reimburse the buyers at no expense.

For me reimbursing the buyers would solidify the IOTA team as a legitimate company that counts some of its earliest investors as valuable contributors.

or even better Child_harold returns a hero from his vacation and follows through with the order..

@iotatoken do we have any answers?

Regards,

FT

Sure, but how is it the dev team's problem if people buy an asset that isn't released without using escrow. That's like crypto-101

[Voidcrafter]

I would like to sell 2.779.530.000.000 ( 1 million old iotas ) so exactly 0,1 % of the max supply for 20 btc , I bought the coins via escrow from windjic , so I can just send the coins once I get them.

Escrow would be ognasty since he holds the btc i paied for those coins.

If you would like to buy some pm me.

[sunerok]

lol wait, so the ico is taking place privately over bitcointalk? not an official ico thru a website that has a calculator and ledger?

hahahahah...

..ahhhhhhahahhahaha

[ImI]

lol wait, so the ico is taking place privately over bitcointalk? not an official ico thru a website that has a calculator and ledger?

hahahahah...

..ahhhhhhahahhahaha

exactly

byebye

[Voidcrafter]

lol wait, so the ico is taking place privately over bitcointalk? not an official ico thru a website that has a calculator and ledger?

hahahahah...

..ahhhhhhahahhahaha

The ico is long over this is prelaunch sales.

[hellsingfan]

By the way for the IOTA's recovered from CH, there should be mandatory 10% withholding and donation to the Foundation for the Dev's efforts.