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Author Topic: Example of scams going on right now  (Read 94 times)
Jon88 (OP)
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May 20, 2018, 08:45:21 AM
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IMO:

- Zoin, hype going around on NIX airdop. The guilable have bought an overpriced scamcoin.
- Ripple, totally in the hands of banks. Not a cryptocurrency.
- Tron, has no real usage. Just one of the big marketcap scams.
- ReddCoin, read the above.
- Electroneum, read the above.
- Bitcoin Private, just another fake Bitcoin which is actually a fork of ZClassic.
- Substratum, dev has a criminal past. No development is done so far.
- Credits, 1 million TPS in their *ss.
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Titus Maximus
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May 20, 2018, 09:16:45 AM
 #2

I agree with Substratum, they presented a nice vision but it seemed just a money grab. After the ICO they got themself a super nice office and half year later still no code. If you ask on their telegram about the stage of the product development you get banned, at least that happened to me.

At least I found another project with a similiar vision but that are able to deliver it. If you are also very interested in the concept then look at Oyster Shell, that seems like the real deal, what do you think about it?
Jon88 (OP)
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May 20, 2018, 03:07:49 PM
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At least I found another project with a similiar vision but that are able to deliver it. If you are also very interested in the concept then look at Oyster Shell, that seems like the real deal, what do you think about it?

I used to own alot of PRL's but I think Oyster could very likely be a scam. The lead developer is anonymous and I just don't trust it.

We'll see what will happen at the end of May. My guess is they come up with another excuse why they can't release the mainnet or just dissapear.
Nakinix
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May 20, 2018, 03:09:45 PM
 #4

Now a lot of such projects, too many scam. And there are a lot of current projects, in which I do not believe at all.
arde13
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May 20, 2018, 03:16:36 PM
 #5

Such claims can be presented to half of the existing projects.
But this does not make them a scam, while the founders continue to work.

Only a small percentage of startups survive and become successful, so we'll see who it will be, in addition to Bitcoin
Hui8
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May 20, 2018, 03:19:16 PM
 #6

I am not sure if Ripple and Tron can be called as real scams. They might be lacking proper application right now but they could be scammers as they are still in the top list and getting huge volume driven into them for some reason.

Yes agreed that XRP is centralised one and its not a real crypto currency but we should not forget that they are running their network over the blockchain and it makes half of it!

Tron is establishing their own blockchain and can be making a platform for different ICO's. It might just turn out triumph in the future.

Just mentioning what i do think about them. I might be wrong as well.
comander
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May 20, 2018, 03:52:34 PM
 #7

Man most of the crypto has not any real usage just ideas and some beautiful words about its utility. But still all of the are worth some amount of money, so as for me saying that something is scam just because it has no utility is wrong ( but yes in case of TRX I still think it is Chinese scam coin  Grin)
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May 20, 2018, 04:02:18 PM
 #8

Agroproject bounty not paid too..their developer says ico not success program..and all bounty participant not paid...

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May 20, 2018, 04:10:46 PM
 #9

IMO:

- Zoin, hype going around on NIX airdop. The guilable have bought an overpriced scamcoin.
- Ripple, totally in the hands of banks. Not a cryptocurrency.
- Tron, has no real usage. Just one of the big marketcap scams.
- ReddCoin, read the above.
- Electroneum, read the above.
- Bitcoin Private, just another fake Bitcoin which is actually a fork of ZClassic.
- Substratum, dev has a criminal past. No development is done so far.
- Credits, 1 million TPS in their *ss.
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Titus Maximus
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May 21, 2018, 10:00:17 AM
 #10

I am not sure if Ripple and Tron can be called as real scams. They might be lacking proper application right now but they could be scammers as they are still in the top list and getting huge volume driven into them for some reason.

Yes agreed that XRP is centralised one and its not a real crypto currency but we should not forget that they are running their network over the blockchain and it makes half of it!

Tron is establishing their own blockchain and can be making a platform for different ICO's. It might just turn out triumph in the future.

Just mentioning what i do think about them. I might be wrong as well.

If you think Ripple and Tron are scames, you should specify where you suspect scammy behaviours and the evidence (lack of code) - Ripple is used by banks for cross border payments and Tron will launch their own blockchain (Main Net Release) and seems to be rather another Ethereum competitor for ICOs.
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