[irregularities] Mass Network

[HomoHenning]

where are the ico funds? I think the escrow (Kuzmin) could tell this and is also responsible for informing us. Any other action can be interpreted as an involvement in the scam. Also pianist could tell us what he did with the ico funds before he left the project

Pianist says he never had access to the funds. It was always Kuzmin who controlled the funds.

this cant be true!
Kuzmin was the escrow. escrow cant be the only one controlling funds. otherwise the project was set up as a scam from the beginning and pianist was involved.
Maybe I have missed something but it sounds logical to me

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[aioc]

where are the ico funds? I think the escrow (Kuzmin) could tell this and is also responsible for informing us. Any other action can be interpreted as an involvement in the scam. Also pianist could tell us what he did with the ico funds before he left the project

Pianist says he never had access to the funds. It was always Kuzmin who controlled the funds.

this cant be true!
Kuzmin was the escrow. escrow cant be the only one controlling funds. otherwise the project was set up as a scam from the beginning and pianist was involved.
Maybe I have missed something but it sounds logical to me

We never got a notification or a post that he left the project,he never post any update he just kept quiet,he wants to protect the project not it's investors,he is now posting because the project is all mess up,I would like to read all his explanations ..

[tokyopotato]

where are the ico funds? I think the escrow (Kuzmin) could tell this and is also responsible for informing us. Any other action can be interpreted as an involvement in the scam. Also pianist could tell us what he did with the ico funds before he left the project

Pianist says he never had access to the funds. It was always Kuzmin who controlled the funds.

this cant be true!
Kuzmin was the escrow. escrow cant be the only one controlling funds. otherwise the project was set up as a scam from the beginning and pianist was involved.
Maybe I have missed something but it sounds logical to me

My guess is that Kuzmin divvied up some of the funds, kept the rest, and funded a little development just long enough to exit. They were already planning the next ICO before this one had finished.

Theory: Essentially Mycelium was broke and started a series of ICOs to keep it floating a little longer, while grasping for something that would generate revenue:

May 2016: Mycelium crowdsale : 5,131.445 BTC raised (Source: https://crowdsale.mycelium.com/#/)
Dec 2016: Mass Network ICO : 332.148 BTC raised (Source: https://ico.mass.network/#/)
Jan 2017: Swish ICO : 16.36 BTC (Source: https://www.smithandcrown.com/event/swish-ico-an-automated-pos-app-leveraging-the-power-of-the-blockchain/)

Mycelium Token --> MassCoin --> SwishCoin --> ?

Joshua Unseth called it 6 months ago: https://www.reddit.com/r/Bitcoin/comments/4z3t19/mycelium_crowd_source_question_so_whats_up_with/d6t8htr/

[Tribute]

where are the ico funds? I think the escrow (Kuzmin) could tell this and is also responsible for informing us. Any other action can be interpreted as an involvement in the scam. Also pianist could tell us what he did with the ico funds before he left the project

Pianist says he never had access to the funds. It was always Kuzmin who controlled the funds.

this cant be true!
Kuzmin was the escrow. escrow cant be the only one controlling funds. otherwise the project was set up as a scam from the beginning and pianist was involved.
Maybe I have missed something but it sounds logical to me

My guess is that Kuzmin divvied up some of the funds, kept the rest, and funded a little development just long enough to exit. They were already planning the next ICO before this one had finished.

Theory: Essentially Mycelium was broke and started a series of ICOs to keep it floating a little longer, while grasping for something that would generate revenue:

May 2016: Mycelium crowdsale : 5,131.445 BTC raised (Source: https://crowdsale.mycelium.com/#/)
Dec 2016: Mass Network ICO : 332.148 BTC raised (Source: https://ico.mass.network/#/)
Jan 2017: Swish ICO : 16.36 BTC (Source: https://www.smithandcrown.com/event/swish-ico-an-automated-pos-app-leveraging-the-power-of-the-blockchain/)

Mycelium Token --> MassCoin --> SwishCoin --> ?

Joshua Unseth called it 6 months ago: https://www.reddit.com/r/Bitcoin/comments/4z3t19/mycelium_crowd_source_question_so_whats_up_with/d6t8htr/

- > knowledger

[drays]

Guys, I am posting here to invite you to look into the Scam Accusation thread. I had a post there. Please don't keep silence, we need this case to be addressed.
https://bitcointalk.org/index.php?topic=1799232.msg17967195#msg17967195

[drays]

Oh, I found this post from "massnetwork":

Your "team" (no linked in profiles) are more 50% off Russians. The topic starter account is Russian.

Why are you pretending to have folowing addres: Noigem Establishment, Landstrasse 97, 9494 Schaan, Liechtenstein

All we have now is lending ICO page, how serious investor can trust you? It's impossible to believe that all of your "team" is real people.

How can you prove that you are not HYIP makers but serious TEAM?

Why didn't use ESCROW for ICO?

You can easily find and contact advisory board members since they are quite well known in their fields (and ask them whether we are real ). Good point about the links, though. Will add.
Only two of our team members have real life connection to Russia, so there's no reason for us to base there. Take me, for example (Alexey). I have a Russian name, live in Latvia, and (imagine we set up the facility in Russia) if I want to go to Moscow by car it will turn out to be farther than Warsaw because I have to waste few hours on the EU/Russia border.

I answered the question about escrow above in this thread: the escrow people are to be elected by Advisory Board voting once all of the members have signed up. And we're still expecting at least two important members. Should be done by the next week, though.

This 100% proves the "massnetwork" account belongs to Alexey Oshchepkov, while he denied that in his last post, saying "I never controlled any accounts belonging to the company including those in social media." !

And that, in its turn, one more time proves Oshchepkov blatantly lies, when he tells he did not control MASS social media accounts (forum is a social media, right?), and also when he tells he was not working on MASS since September.

In fact, he was organizing the ICO during the whole time it was running (August-November 2016), and introduced the 55% late-investor bonus. This is proved by the post below made in November.

Why is there a 55% bonus for late buyers?  As an early buyer of ICO I feel scammed.

they are saying they will explain.

I hope so. Otherwise this is just massive ignorance on mass network.  You don't screw over existing shareholders.  This is equivalent to massive dilution and unheard of.

This is what was meant. It's going to be on the website soon (pls accept our apologies we might have some delays during the weekend):

1) Let us express the apology for the confusion and explain the procedures.

2) If you are eligible for any of the previous bonuses, the amounts invested before upgrades according to the following +15% schedule:
(a) 25 August 2016 (00:00:00) - 15 September 2016 (11:59:59) PST  —  45% —> 60%
(b) 15 September 2016 (12:00:00) - 30 September 2016 (23:59:59) PST    25% — 40%
(c) 1 October 2016 (00:00:00) - 1 November 2016 (23:59:59) PST — 10% —> 25%

3) For those who have already invested, any new amount invested on or after 25 November 2016 (18:00:00) is eligible for the bonus of 65%, not 55%.

Folks, we need an official statement from Kuzmin, maybe he can explain the discrepancies. Anyone knows how to find him? I suppose posts in different social media (like Twitter, Reddit (involving Rassah), Facebook etc) could tremendously help attracting Mr.Kuzmin's attention.

Ideas/participation is welcome. Guys, everyone, don't let them go away with this. This is not a typical BCT scam from anonymous newbie developers. They are public figures, they have to answer for their deeds if they care for their reputation.

[robelneo]

Check out the latest update from Alexander Kuzmin,it seems development is still on going and in progress but I still wonder why he is not posting here where some of it's investors are here and this is where investors and users get their update,i don't know if he just wants to come out clean here ..

[drays]

Check out the latest update from Alexander Kuzmin,it seems development is still on going and in progress but I still wonder why he is not posting here where some of it's investors are here and this is where investors and users get their update,i don't know if he just wants to come out clean here ..

You mean this: https://blog.mass.network/mass-update-feb-25/
Wow, they somehow remembered they have a project, and also some angry investors, who have to be calmed down... What a coincidence... .

Well, they decided to post an update now so we shut the f**k up. Looks like they want to imitate progress.

They have to post here, and answer concerns here, or at least on mass.userecho.com, or official Kuzmin's accounts.
Posting on that website means nothing. I suspect the news article is written by Kontegna again. Clearly its his style of writing.

[HomoHenning]

Check out the latest update from Alexander Kuzmin,it seems development is still on going and in progress but I still wonder why he is not posting here where some of it's investors are here and this is where investors and users get their update,i don't know if he just wants to come out clean here ..

He is just saying "don't panic and recommend mass browser to others".

But the browser is still (imo ) not in a final version and must be further developed - nothing about this (except the new languages). Is there still a dev working on it?
And word of mouth is not a real marketing strategy. Why not make a real one using the ico funds?
And nothing about a mass wallet or mycelium integration.

[Tribute]

Check out the latest update from Alexander Kuzmin,it seems development is still on going and in progress but I still wonder why he is not posting here where some of it's investors are here and this is where investors and users get their update,i don't know if he just wants to come out clean here ..

This update Is shit. Do you believe it would've happened if there hasn't been all this scam protests?

It actually doesn't say anything of any value.

I want an update that details the entire project team and new roadmap. I also want a platform to communicate with Kuzmin.

[OlegS]

 https://blog.mass.network/mass-update-feb-25/
It is advised to advertise the project and at the same time ignoring all requests of investors? Kuzmin mocks us?

[robelneo]

Check out the latest update from Alexander Kuzmin,it seems development is still on going and in progress but I still wonder why he is not posting here where some of it's investors are here and this is where investors and users get their update,i don't know if he just wants to come out clean here ..

You mean this: https://blog.mass.network/mass-update-feb-25/
Wow, they somehow remembered they have a project, and also ionvestors, who have to be calmed down... What a coincidence... .

Well, they decided to post an update now so we shut the f**k up. Looks like they want to imitate progress.

They have to post here, and answer concerns here, or at least on mass.userecho.com, or official Kuzmin's accounts.
Posting on that website means nothing. I suspect the news article is written by Kontegna again. Clearly its his style of writing.

You are right it comes from kortegna my friend send it to me it comes from kortegna's message,the timing is not right,we are in the middle of the investigation and he posted this,so to stop the investigation and makes us believe that the project is still ongoing  which is not the case.

[gold969]

now I do not understand anything. update is made to not accused of fraud? maybe they are working? who tested the Mass Android Browser?

[Godson_Mansa]

so the Mycelium CEO is a Scammer ?
Who Woulda Thunk ?

he raised 5000 btc for 5% of Myceliuem and almost a year later
no exchange to trade.

[Tribute]

now I do not understand anything. update is made to not accused of fraud? maybe they are working? who tested the Mass Android Browser?

The update is fake and solely a desperate attempt to hide their theft.

[coinmenace]

so the Mycelium CEO is a Scammer ?
Who Woulda Thunk ?

he raised 5000 btc for 5% of Myceliuem and almost a year later
no exchange to trade.

Is it confirmed that mycelium & mass network scammed its investors and run away with that much BTC?

5K BTC raised by mycelium for just 5% of that company and nothing to show up yet or no updates! These guys are pros!

[Tribute]

so the Mycelium CEO is a Scammer ?
Who Woulda Thunk ?

he raised 5000 btc for 5% of Myceliuem and almost a year later
no exchange to trade.

Is it confirmed that mycelium & mass network scammed its investors and run away with that much BTC?

5K BTC raised by mycelium for just 5% of that company and nothing to show up yet or no updates! These guys are pros!

Mass is an almost certain SCAM. I don't know enough about mycelium tokens.

[genegene]

UPDATE MASS NETWORK
https://blog.mass.network/mass-update-feb-25/

[logictense]

so the Mycelium CEO is a Scammer ?
Who Woulda Thunk ?

he raised 5000 btc for 5% of Myceliuem and almost a year later
no exchange to trade.

Is it confirmed that mycelium & mass network scammed its investors and run away with that much BTC?

5K BTC raised by mycelium for just 5% of that company and nothing to show up yet or no updates! These guys are pros!

This concern has been raised on reddit only once - by one single dude with low karma https://www.reddit.com/r/Bitcoin/comments/5iq41d/mycelium_fraud/ and u believe it? Mycelium serves a noble purpose, it facilitates transition of bitcoin ecosystem from an unproven sandbox environment to a mature and hugely hyped 18 billion industry. If u havent yet purchases their shares, its time to go and throw some cash on mycelium.

[robelneo]

UPDATE MASS NETWORK
https://blog.mass.network/mass-update-feb-25/

This is not an update at all,it is just to misled investors and holders that development is on going when in fact it's not,investors should run these bastards it's not a small amount to part,there's an ongoing accusations on this project,I hope every body are aware of it..