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Author Topic: [Scammer Accusation] BTC-e.com or Balthazar  (Read 10858 times)
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February 15, 2013, 04:46:41 PM
 #1

One of BTC-e or Balthazar is lying about the premining of NovaCoin, a scam cryptocurrency.

Exhibit A from BTC-e.com (who was bribed with premined NovaCoins so they will accept this scam currency):

"110K premined NVC is successfully destroyed !"

"Hi all. As you know, BTC-E received 110k of coins before NVC was publicly released. "

https://bitcointalk.org/index.php?topic=144158.0

Exhibit B from Balthazar (who thinks he should be the next satoshi by just copying other people's code):

"I mined this coins + ~35k for the stake, and given it to exchange as of a guarantee that I'll not dump it. So, there are not only pre-mined coins destroyed, my normally mined coins destroyed too. I have nothing else to say."

https://bitcointalk.org/index.php?topic=144158.msg1530118#msg1530118


The statements from the scam cryptocurrency creator contradicts the statement from the dubious bitcoin exchange operator. Balthazar claims there are not 110k premined coins, but BTC-e.com admits they have received 110K of premined coins.
"Apparently, so I am told, there exist "people" who prefer to wipe sitting down. From the front. Initial research indicates it could be up to half the population." -- benjamindees
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February 15, 2013, 05:03:43 PM
 #2

LOL Balthazar and/or btc-e are now scammers for creating a coin you dont like??? Get real ppl, get real...

And by the way learn what open source means, you can create one too, and then should i open a scam accusation? Other than that i dont (personally) agree on that accusation, plus it gets funnier day by day.

Edit: if i remember well, you have said on a pm that you gonna create your own coin, that means insta-scammer?

Edit2: If you can read, those coins are destroyed, what is your problem now? You want nvc removed from btc-e? Im sure that is the cause.
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February 15, 2013, 05:09:40 PM
 #3

there is WAY more to this story and it does need to be looked into.  Also they claim to have destroyed these coins, but as far as I can tell there is no proof.

https://bitcointalk.org/index.php?topic=143562.0

definite admitted insider trading
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February 15, 2013, 10:05:03 PM
 #4

LOL Balthazar and/or btc-e are now scammers for creating a coin you dont like??? Get real ppl, get real...

And by the way learn what open source means, you can create one too, and then should i open a scam accusation? Other than that i dont (personally) agree on that accusation, plus it gets funnier day by day.

Edit: if i remember well, you have said on a pm that you gonna create your own coin, that means insta-scammer?

Edit2: If you can read, those coins are destroyed, what is your problem now? You want nvc removed from btc-e? Im sure that is the cause.

How much you get paid for BTCE defense lol ? I dunno even my sister 5 years old can understand the scam easily...

Step 1 : create a coin and premine it, no release it directly...
Step 2 : bribe your friend owner of a big exchange
step 3 : manage the price with fake orders to put the price very high
step 4 : then sell your coin for a lot of BTC

I know you will tell than step 4 cannot be done as 110 k destroyed (actually nobody have the proof about that), but even if done there is 200 k premined or like so its still 90 k somewhere...Then delet 110k coin and you make the 90k coin worthing much more...



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February 15, 2013, 10:40:32 PM
 #5

LOL Balthazar and/or btc-e are now scammers for creating a coin you dont like??? Get real ppl, get real...

Watch out Balthazar, the Bitcoin Police party van is parked outside BTC-E headquarters RIGHT NAO!


"Hello, you've reached the Bitcoin Police.
What's that?  Another irrelevant altcoin?
Thank you vigilant netizen, we'll make it our highest priority!"



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February 15, 2013, 10:42:21 PM
 #6

No one can possibly take a look at the actions of btc-e and Balthazar during this whole mess, and NOT see that they are pulling a scam on the customers of btc-e.

This is NOT just a alt-coin issue, people are being scammed out of BTC as well.
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February 16, 2013, 01:38:38 AM
 #7

LOL Balthazar and/or btc-e are now scammers for creating a coin you dont like??? Get real ppl, get real...

And by the way learn what open source means, you can create one too, and then should i open a scam accusation? Other than that i dont (personally) agree on that accusation, plus it gets funnier day by day.

Edit: if i remember well, you have said on a pm that you gonna create your own coin, that means insta-scammer?

Edit2: If you can read, those coins are destroyed, what is your problem now? You want nvc removed from btc-e? Im sure that is the cause.
Balthazar or BTC-e is commiting fraud by lying about the amount of premined coins. Oh, so half of Balthazar's scam coin stash is destroyed, it's all good!! No, that doesn't change what happened

If I were to create a cryptocurrency, it'd be decentralized with 0 premined blocks.
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February 16, 2013, 01:54:57 AM
 #8

1: No REAL proof that the coins are destroyed
2: No REAL proof of amount of coins premined.
3: You dont get to destroy money when you get caught committing fraud, and everything is ok now.
4: Anyone can clearly see the price manipulation going on with NVC at BTC-E  3448.62507876 BTC in buy orders? come the fuck on.
5: ZERO information on the owner/operator. Some guy in Russia in NOT good enough for someone holding that much money.

NO ONE can deny that that Balthazar gave btc-e 16k USD (a few thousand more or less depending on btc and nvc price)in premined coins, then poo...f it gets listed at a high price on BTCE. They both, btc-e and Balthazar freely admit to this. In any real financial exchange this is a felony!

This is just the stuff that we know about. We know about it because they admit to it. Not right away, but one the pressure came on them.  I cant understand how anyone can trust these guys with any amount of money.

A scammer tag for btc-e AND Balthazar are 100% justified, ONLY on the issues that they freely admit to.
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February 16, 2013, 09:23:14 AM
 #9

there is WAY more to this story

Sounds like it.

it does need to be looked into

Why, though? Just some random alt chain nobody uses and likely nobody will use. Balthazar guy is not in the WoT afaik, is not active on the forum afaik, what's the point? If they ever come up to list a security or something it's a valid concern, but otherwise wasted breath neh?

No one can possibly take a look at the actions of btc-e and Balthazar during this whole mess, and NOT see that they are pulling a scam on the customers of btc-e.

This is NOT just a alt-coin issue, people are being scammed out of BTC as well.

Or maybe explain this for my benefit?

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
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February 17, 2013, 04:23:16 PM
 #10

Quote
If they ever come up to list a security or something it's a valid concern, but otherwise wasted breath neh?

They steal at least 16,000 usd from their own customers with nvc, and its no big deal?  I thought more of the community than that.

Quote
Or maybe explain this for my benefit?

Its been over, but give me a few minutes to drink my coffee and Ill go over it again.
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February 17, 2013, 06:31:07 PM
 #11


Balthazar  (who is a mod at btc-e) forks a broken coin (PPC) and premines it.

Then releases it in Russian only (BTC-E). Even though he speaks English, he doesn't tell anyone in English.
ADMITS that he made the coin as a JOKE

Then sends 110,000 coins to btc-e (Approximate value $16 thousand USD)

NVC gets a button (featured and promoted) on the front page of btc-e
THIS IS A FELONY!

Price sky-rockets!

OBVIOUS price manipulation on BTC-E

None of this is denied.  It is all documented and admitted to. AND this is only the part they are telling us about. 
The only argument anyone has to this insider trading, bribe, scam, is that people are only upset because they weren't in on the scam from the beginning.

BTC-e, once they are caught accepting the bribe, they "claim" to have destroyed the coins, but this can not be confirmed


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February 18, 2013, 12:50:55 AM
 #12

AND

Btc-e is an illegal currency exchange.
 
International anti-money laundering laws for one.   I admit that I am not an expert on the law, but from what research I have done, btc-e is NOT licensed and does NOT have permission to be a currency exchange.  If your respective governments find out you have been using btc-e you could be in big trouble.  This is a black market exchange
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February 18, 2013, 02:05:07 AM
Last edit: February 18, 2013, 02:35:18 AM by Balthazar
 #13

1: No REAL proof that the coins are destroyed
2: No REAL proof of amount of coins premined.
http://hotnerdgirl.files.wordpress.com/2011/02/183434_166560253393289_119617241420924_308971_1486864_n.jpg

You need to learn something basic info about bitcoin and other cryptocoins technology, before posting such bullshit.

https://bitcointalk.org/index.php?topic=144158.0

There are all proofs, if someone can't understand it, it's his own problem.

P.S. I wonder to see, how you will try to restore coins, which sent to hash of "0x04000000000000000000...0000000" public key. Let's make a discovery in cryptography. Grin

Darkness isn't born, you know. It's created.
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February 18, 2013, 02:58:31 AM
 #14

1: No REAL proof that the coins are destroyed
2: No REAL proof of amount of coins premined.
http://hotnerdgirl.files.wordpress.com/2011/02/183434_166560253393289_119617241420924_308971_1486864_n.jpg

You need to learn something basic info about bitcoin and other cryptocoins technology, before posting such bullshit.

https://bitcointalk.org/index.php?topic=144158.0

There are all proofs, if someone can't understand it, it's his own problem.

P.S. I wonder to see, how you will try to restore coins, which sent to hash of "0x04000000000000000000...0000000" public key. Let's make a discovery in cryptography. Grin

Thanks for reconfirming that you did indeed pay btc-e a bribe.

I understand the process of destroying coins by sending them to an invalid address, and I will be more than happy remove "this part" of my scam accusation if you can prove to me that the coins were actually sent, and to a invalid address.  Is there a nvc block explorer?

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February 18, 2013, 04:22:47 AM
 #15

I do no understand. If people are dumb enough to buy an alt coin with out checking it out first how does this make btc-e a scammer?

alt chains can be good but people really need to check them out first before buying. Gavin made a post about this somewhere...



Are you even reading the thread?  I guess the people dumb enough to send Pirate btc deserved it for not checking him out first.
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February 18, 2013, 04:34:36 AM
 #16

I understand the process of destroying coins by sending them to an invalid address, and I will be more than happy remove "this part" of my scam accusation if you can prove to me that the coins were actually sent, and to a invalid address.  Is there a nvc block explorer?


Oh my God. You don't need explorer. All you need is client and txid or blockhash, nothing more.

Quote
$ /opt/novacoin/novacoind getblock 000000001262810922fd0f03ccc8cbd85d2dee06f8ab181a277a0c8b8a0c0744
{
    "hash" : "000000001262810922fd0f03ccc8cbd85d2dee06f8ab181a277a0c8b8a0c0744",
    "size" : 1382,
    "height" : 6160,
    "version" : 2,
    "merkleroot" : "11a5ae2cc252ca4094d7e21242998263036fed0205683fad7702117a840e
d3fc",
    "time" : "2013-02-14 23:41:19 UTC",
    "nonce" : 3877512448,
    "bits" : "1c1726cc",
    "difficulty" : 11.05740611,
    "mint" : 16.75000000,
    "previousblockhash" : "000000000f97cb2c32036b4f5928c7d451b51113ca5e67b6e4c46cc6b2205eb8",
    "nextblockhash" : "000000000c7d5fe0ec6555858bc6c8d97201b33b688f4793f1cb85da02baa658",
    "tx" : [
        "16fe2ed9d3349013816d8ebe731d8969f19f132611a8533c82c5634f609074e8",
        "9ffcf4b7c8a2e17a2776f7e8aaa0852ed2a7f80386bfc0d63991aac21dbdfe1e"
    ]
}
$
And this is just beginning. Again, try to learn something useful from bitcoin wiki, instead of posting messages like this. It's an internet, no one there concerned by question "will it make you happy?".

Thanks for reconfirming that you did indeed pay btc-e a bribe.
Can you explain your point of view on difference between bribe and guarantee? Thanks for the reconfirmation of your prejudicialness.

May I ask you, how much did you get paid for your hard work on this forum? 300/500/1000 LTC? Is that enough for platinum client of McDonald's?

I'm asking you not for trolling, and really interested. Because PR usually very well paid... I need to know, how much I need to pay you for your excellent service, because I don't like to be in debt. Tongue

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February 18, 2013, 04:46:56 AM
 #17

Is your goal to get a refund?


His goal is earn some money. [Typical_PR_scammer.tiff here] Cheesy

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February 18, 2013, 05:25:23 AM
Last edit: February 18, 2013, 05:44:39 AM by iCEBREAKER
 #18

this is the biggest fail of a scam accusation evar.

failingbare and co. are merely repeating the same bs over and over, and assuming all who disagree just haven't read the thread.

now the goalposts are moving as they retreat from the narrow original complaint to a much broader "money laundering" accusation.

everyone following this drama sees the obvious butthurt being caused by a second scryptchain.


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February 18, 2013, 05:40:05 AM
 #19

Over this NVC drama I will never touch it and I lost a lot of respect for btc-e but I do not see how pump and dump premined alt coins is a scam...

OP needs to see what solid coin was...  and he will understand NVC is going to take the same path.


Same.  

How is there $100,000 worth of NVC 'buys' on the order book?  For a week-old coin?  100% scamsville.  Pump and dump in my opinion is a scam, if the entire goal of the coin is to do this...  But that's just my opinion.
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February 18, 2013, 11:41:12 PM
 #20

Quote
Can you explain your point of view on difference between bribe and guarantee?

In this situation, nope, I see no difference at all.  Maybe this is a language problem, but you can call it whatever you want... when you give someone funds, in exchange for favors, thats is a bribe.

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