List of ongoing scams

[tmbp]

Good job with list updates.  Sometimes you can see sites pop up that are just a clone of another site and can be scams as well.

+1, props for your work man

[Bitcoin Scammer]

AGREED! GOOD JOB!

Good job with list updates.  Sometimes you can see sites pop up that are just a clone of another site and can be scams as well.

+1, props for your work man

[tmbp]

Bump

[infested999]

1. "tmpb" makes a thread accusing every major site of being a scam
2. tmpb is himself, a scammer
3. Hundreds of idiots and trolls congratulate him for making this trash thread

This reply sums up my feelings:

es gibt so geschäftsmodelle, da wünsch ich mir spontan die steinzeit zurück. degenerierter gehts kaum

It says:

Code:

There are some business ideas, that makes me wish I was back in the Stone Age. It does not get more degenerative :)

[spiral_mind]

Please add "Mastercoin" to the list.

-This project violates all applicable US laws
-The creator claims to be based in the US but has not provided proof of his identity yet
-He's asking for money now even though all he's got is a hastily thrown together whitepaper
-The money is sent directly into his BTC account in exchange for nothing but a promise of "mastercoins" when he gets around to making them

See: https://bitcointalk.org/index.php?topic=265666.0

[infested999]

-This project violates all applicable US laws

0/10 he violates every single law in the US. ALL OF THEM!

[spiral_mind]

-This project violates all applicable US laws

0/10 he violates every single law in the US. ALL OF THEM!

applicable is the operative word

Namely:
He's selling an investment without complying with SEC regulations (this wouldn't be illegal except for the fact he's claiming to be a US citizen)
He's selling a virtual currency directly to buyers without any kind of know your customer regulation(Look at the liberty reserve shutdown if you don't think this is illegal. That guy was even from Spain not the US but they still got him.)

Bitcoin doesn't have a centralized operator and so nobody can be charged with running it. There's no company that maintains the source code since its open source. If you had to buy Bitcoin directly from Satoshi Nakamoto, and he lived in lets say Kansas, the whole thing would be shut down and declared illegal right away. That's basically what "Mastercoin" is.

He hasn't even tried to comply with the law and ignores this criticism.

[JamesIV]

Please add "Mastercoin" to the list.

-This project violates all applicable US laws
-The creator claims to be based in the US but has not provided proof of his identity yet
-He's asking for money now even though all he's got is a hastily thrown together whitepaper
-The money is sent directly into his BTC account in exchange for nothing but a promise of "mastercoins" when he gets around to making them

See: https://bitcointalk.org/index.php?topic=265666.0

-This project violates all applicable US laws
Very stupid statement. If you are not breaking a law then it is obviously not applicable.

[infested999]

That's basically what "Mastercoin" is.

Then don't buy any. Or, sue him for damages, if you would rather work with the US court system than this forum.

[spiral_mind]

Please add "Mastercoin" to the list.

-This project violates all applicable US laws
-The creator claims to be based in the US but has not provided proof of his identity yet
-He's asking for money now even though all he's got is a hastily thrown together whitepaper
-The money is sent directly into his BTC account in exchange for nothing but a promise of "mastercoins" when he gets around to making them

See: https://bitcointalk.org/index.php?topic=265666.0

-This project violates all applicable US laws
Very stupid statement. If you are not breaking a law then it is obviously not applicable.

Applicable laws are those that can be applied to his project. He's not complying with them. How is that so hard to understand?

If he didn't want US laws to apply to him he shouldn't have claimed to live inside the US. He could have released his "protocol" in an open source way without crowning himself the only one allowed to make "mastercoins" and claiming direct control of his "exodus address". Yet he didn't. The reason he has to follow US law is because he insisted upon making his project closed source and taking all the money directly while claiming to live in the US.

Then don't buy any. Or, sue him for damages, if you would rather work with the US court system than this forum.

Mastercoin should be added to the scam list because it's impossible for it to work yet he's asking for money now. His economics are fatally flawed (half baked is probably a better description). He violates US laws that are definitely applicable to his project if he is who he says he is yet ignores this criticism. Therefore it will never work and any money you send him is utterly lost.

[infested999]

Please add "Mastercoin" to the list.

-This project violates all applicable US laws
-The creator claims to be based in the US but has not provided proof of his identity yet
-He's asking for money now even though all he's got is a hastily thrown together whitepaper
-The money is sent directly into his BTC account in exchange for nothing but a promise of "mastercoins" when he gets around to making them

See: https://bitcointalk.org/index.php?topic=265666.0

-This project violates all applicable US laws
Very stupid statement. If you are not breaking a law then it is obviously not applicable.

Applicable laws are those that can be applied to his project. He's not complying with them. How is that so hard to understand?

If he didn't want US laws to apply to him he shouldn't have claimed to live inside the US. He could have released his "protocol" in an open source way without crowning himself the only one allowed to make "mastercoins" and claiming direct control of his "exodus address". Yet he didn't. The reason he has to follow US law is because he insisted upon making his project closed source and taking all the money directly while claiming to live in the US.

Then don't buy any. Or, sue him for damages, if you would rather work with the US court system than this forum.

Mastercoin should be considered a scam because it's impossible for it to work yet he's asking for money. His economics are flawed. He violates US laws that are definitely applicable to his project if he is who he says he is. Therefore it will never work and any money you send him is utterly lost.

If he is so "stupid" to live in the US, then why are you even bothering to post in this thread? You can him directly to court on counts of fraud, money laundry, ponzi, and insider trading!

[spiral_mind]

Please add "Mastercoin" to the list.

-This project violates all applicable US laws
-The creator claims to be based in the US but has not provided proof of his identity yet
-He's asking for money now even though all he's got is a hastily thrown together whitepaper
-The money is sent directly into his BTC account in exchange for nothing but a promise of "mastercoins" when he gets around to making them

See: https://bitcointalk.org/index.php?topic=265666.0

-This project violates all applicable US laws
Very stupid statement. If you are not breaking a law then it is obviously not applicable.

Applicable laws are those that can be applied to his project. He's not complying with them. How is that so hard to understand?

If he didn't want US laws to apply to him he shouldn't have claimed to live inside the US. He could have released his "protocol" in an open source way without crowning himself the only one allowed to make "mastercoins" and claiming direct control of his "exodus address". Yet he didn't. The reason he has to follow US law is because he insisted upon making his project closed source and taking all the money directly while claiming to live in the US.

Then don't buy any. Or, sue him for damages, if you would rather work with the US court system than this forum.

Mastercoin should be considered a scam because it's impossible for it to work yet he's asking for money. His economics are flawed. He violates US laws that are definitely applicable to his project if he is who he says he is. Therefore it will never work and any money you send him is utterly lost.

If he is so "stupid" to live in the US, then why are you even bothering to post in this thread? You can him directly to court on counts of fraud, money laundry, ponzi, and insider trading!

I have no standing to sue him since I would never ever send him money. In the US court system you can't sue anyone unless you have been personally effected. I'm posting in the scam accusations thread because I believe it's a scam and should be added to this list.

He's only "stupid" if he is really the guy who he says he is living in the US. It would actually be far "smarter" for a scmamer to use someone else's LinkedIn and say its his (this is what I believe he's done unless he's really just lost his mind).

The real question is why are you so upset about this random person's scheme being proposed for addition to this list?

[infested999]

Please add "Mastercoin" to the list.

-This project violates all applicable US laws
-The creator claims to be based in the US but has not provided proof of his identity yet
-He's asking for money now even though all he's got is a hastily thrown together whitepaper
-The money is sent directly into his BTC account in exchange for nothing but a promise of "mastercoins" when he gets around to making them

See: https://bitcointalk.org/index.php?topic=265666.0

-This project violates all applicable US laws
Very stupid statement. If you are not breaking a law then it is obviously not applicable.

Applicable laws are those that can be applied to his project. He's not complying with them. How is that so hard to understand?

If he didn't want US laws to apply to him he shouldn't have claimed to live inside the US. He could have released his "protocol" in an open source way without crowning himself the only one allowed to make "mastercoins" and claiming direct control of his "exodus address". Yet he didn't. The reason he has to follow US law is because he insisted upon making his project closed source and taking all the money directly while claiming to live in the US.

Then don't buy any. Or, sue him for damages, if you would rather work with the US court system than this forum.

Mastercoin should be considered a scam because it's impossible for it to work yet he's asking for money. His economics are flawed. He violates US laws that are definitely applicable to his project if he is who he says he is. Therefore it will never work and any money you send him is utterly lost.

If he is so "stupid" to live in the US, then why are you even bothering to post in this thread? You can him directly to court on counts of fraud, money laundry, ponzi, and insider trading!

I have no standing to sue him since I would never ever send him money. In the US court system you can't sue anyone unless you have been personally effected. I'm posting in the scam accusations thread because I believe it's a scam and should be added to this list.

The real question is why are you so upset about this random person's scheme being proposed for addition to this list?

Because you are claiming that he make a big mistake running fraud while in the US, but obviously that is no problem because he is not facing any legal consequences.

[spiral_mind]

Because you are claiming that he make a big mistake running fraud while in the US, but obviously that is no problem because he is not facing any legal consequences.

Please explain how he's immune to SEC regulation and Know your Customer regulation (money laundering regulations) while directly selling a virtual currency as an investment.

Dacoinminister's "Mastercoin" proposal is taking Bitcoin in exchange for what he calls an "investment" without any regulatory compliance. Here's precedent for that being illegal: http://www.pcworld.com/article/2045083/sec-charges-texas-man-with-running-bitcoin-ponzi-scheme.html

Dacoinminister's "Mastercoin" proposal is taking Bitcoins in exchange for a centrally issued virtual currency. Here's precedent for that being illegal: http://www.paritynews.com/2013/05/26/libertyreservecom-shuttered-founder-arrested-in-spain/

Please refute these points rather than assuming it's legal without any reasoning.

[infested999]

Because you are claiming that he make a big mistake running fraud while in the US, but obviously that is no problem because he is not facing any legal consequences.

Please explain how he's immune to SEC regulation and Know your Customer regulation (money laundering regulations) while directly selling a virtual currency as an investment.

Dacoinminister's "Mastercoin" proposal is taking Bitcoin in exchange for what he calls an "investment" without any regulatory compliance. Here's precedent for that being illegal: http://www.pcworld.com/article/2045083/sec-charges-texas-man-with-running-bitcoin-ponzi-scheme.html

Dacoinminister's "Mastercoin" proposal is taking Bitcoins in exchange for a centrally issued virtual currency. Here's precedent for that being illegal: http://www.paritynews.com/2013/05/26/libertyreservecom-shuttered-founder-arrested-in-spain/

Please refute these points rather than assuming it's legal without any reasoning.

So you are saying that he is facing legal consequences. Then why bother even posting in this thread? Surely he will have to go to jail anyway.

[tmbp]

1. "tmpb" makes a thread accusing every major site of being a scam
2. tmpb is himself, a scammer
3. Hundreds of idiots and trolls congratulate him for making this trash thread

This reply sums up my feelings:

es gibt so geschäftsmodelle, da wünsch ich mir spontan die steinzeit zurück. degenerierter gehts kaum

It says:

Code:

There are some business ideas, that makes me wish I was back in the Stone Age. It does not get more degenerative :)

Can't tell which one of the accused are you shilling under.

[tmbp]

Because you are claiming that he make a big mistake running fraud while in the US, but obviously that is no problem because he is not facing any legal consequences.

Please explain how he's immune to SEC regulation and Know your Customer regulation (money laundering regulations) while directly selling a virtual currency as an investment.

Dacoinminister's "Mastercoin" proposal is taking Bitcoin in exchange for what he calls an "investment" without any regulatory compliance. Here's precedent for that being illegal: http://www.pcworld.com/article/2045083/sec-charges-texas-man-with-running-bitcoin-ponzi-scheme.html

Dacoinminister's "Mastercoin" proposal is taking Bitcoins in exchange for a centrally issued virtual currency. Here's precedent for that being illegal: http://www.paritynews.com/2013/05/26/libertyreservecom-shuttered-founder-arrested-in-spain/

Please refute these points rather than assuming it's legal without any reasoning.

I have reviewed J.R. Willett from Seattle (aka dacoinminster) and read the Mastercoin specifications, honestly first it sounded like a good idea but reading further into the specifications it sounds completely dumb, subjective interpretations aside, I think I will list it under low chance to be a scam, the concept of the exodus address is rather sketchy.

[spiral_mind]

Because you are claiming that he make a big mistake running fraud while in the US, but obviously that is no problem because he is not facing any legal consequences.

Please explain how he's immune to SEC regulation and Know your Customer regulation (money laundering regulations) while directly selling a virtual currency as an investment.

Dacoinminister's "Mastercoin" proposal is taking Bitcoin in exchange for what he calls an "investment" without any regulatory compliance. Here's precedent for that being illegal: http://www.pcworld.com/article/2045083/sec-charges-texas-man-with-running-bitcoin-ponzi-scheme.html

Dacoinminister's "Mastercoin" proposal is taking Bitcoins in exchange for a centrally issued virtual currency. Here's precedent for that being illegal: http://www.paritynews.com/2013/05/26/libertyreservecom-shuttered-founder-arrested-in-spain/

Please refute these points rather than assuming it's legal without any reasoning.

I have reviewed J.R. Willett from Seattle (aka dacoinminster) and read the Mastercoin specifications, honestly first it sounded like a good idea but reading further into the specifications it sounds completely dumb, subjective interpretations aside, I think I will list it under low chance to be a scam, the concept of the exodus address is rather sketchy.

There's nothing subjective about this interpretation. I'm relying entirely on facts. The economics show such a lack of thought that I find it hard to believe he's ever taken even a high school economics class. He asks for money now for a coin that doesn't even exist yet and cannot possibly become valuable due to its reliance upon centralization. Even if it hypothetically had value he would then be in violation of multiple money laundering and investment laws since he's backing the whole thing with his "real identity" based in the US. He controls the "exodus address". I advise you to look a bit harder at this one and move it to "high" chance of being a scam.

[MPOE-PR]

You don't need to wait until a rapist is balls deep in someones asshole until you convict him, if a Bitcoin business acts in a suspicious manner then I am an expert on raising that suspicion and pointing out their skeletons publicly, I personally stop using the services of every service which is remotely suspicious.

Are you serious? 

Yes I am serious, I have said that Satoshidice is a scam since day 1 yet people insisted they were legit and look now.

And look now, they've been the first successful public investment in the history of Bitcoin? Well done on calling that one.

For my records, how long have you been claiming the Sun revolves 'round the Earth?

[tmbp]

You don't need to wait until a rapist is balls deep in someones asshole until you convict him, if a Bitcoin business acts in a suspicious manner then I am an expert on raising that suspicion and pointing out their skeletons publicly, I personally stop using the services of every service which is remotely suspicious.

Are you serious? 

Yes I am serious, I have said that Satoshidice is a scam since day 1 yet people insisted they were legit and look now.

And look now, they've been the first successful public investment in the history of Bitcoin? Well done on calling that one.

For my records, how long have you been claiming the Sun revolves 'round the Earth?

Back to the kitchen woman