LUXcoin - Beware! Scam! Next Signatum is in progress!

[soothaa]

This coin has been a shitshow from the start.

1) The dev has a massive premine of 3,000,000 coins which they pink promise they won't dump  
2) Failed update after failed update. They've put out mandatory wallet upgrades several times this week
3) Dev has now declared a soft-fork this week which will devalue all previously mined coins by 75%
4) Masternodes still do not work right, of a staggering 16,000+ coins. Over $50,000 USD
5) They are actively censoring any negative comments in their ANN thread and in their Discord.
6) They have now either banned any account that has said a negative word or shut it down entirely. EDIT: it would appear simply kicking those who say anything negative.
7) They cannot even handle Discord correctly. Putting important and required information in any channel they are in at the time and ignore the #annoucement channel.
8 ) The 16,000 needed for a MN was sold to an "investor" from their premine. This investor is now basically holding a bag that just drop > 50% in value and even more in future earnings.
9 ) Mastnode change?
10 ) Devs have now changed their minds I am still not touching this coin.
11) I do not know how I have not mentioned it until now, but the WhitePaper is STILL not released. They swear it is coming though.
12) Dev tries to explain away thousands of coins moving
13) Dev caught stealing their logo

This whole thing screams of people who have no idea what they are doing.

This is the exit scam in progress. Do not touch this coin.

[ocminer]

Wasn't it a bit obvious ?

[Children of Gaia]

Agree. Two years premine, 100k coins on exchange "to test wallet".   And now decieved investors after shitfork.

[soothaa]

Wasn't it a bit obvious ?

Sorry, I guess I am gullible. I am willing to give people a lot of support while they get started. I supported them too far this time.

[soothaa]

Unconfirmed post that their Masternode price increased by 10x, which would be an obvious attempt at trying to sell off their premine.

[majestymage]

this is why this forum is so great..so many eyes that are looking into everything that is imposible for cheaters to get away with it

[soothaa]

Devs have now backpedaled about the softfork with PoW Increase

[Stealth8368]

I nearly supported this project myself but after the shit storm in beginning it was obvious where this was leading,surprised so many got involved and stayed around when there was so many warning signs

[soothaa]

I nearly supported this project myself but after the shit storm in beginning it was obvious where this was leading,surprised so many got involved and stayed around when there was so many warning signs

I try to think the best of projects. It did look promising at first. New algos are good IMO.

[Okrim]

This project did not start best, but calling it scam because you are weak says rather something about you not about project.

[Shkembe]

This project did not start best, but calling it scam because you are weak says rather something about you not about project.

When the horses are kicking the donkeys stay away!

[soothaa]

This one should without a doubt prove this. User Shkembe discovers a large amount of coins (far too many to have been mined) have been moved to Cryptopia and he is immedately declared a troll, then linked to his own account as an excuse, then finally the devs admit they moved the coins there to test the wallet.






upload image free wap

[Shkembe]

This one should without a doubt prove this. User Shkembe discovers a large amount of coins (far too many to have been mined) have been moved to Cryptopia and he is immedately declared a troll, then linked to his own account as an excuse, then finally the devs admit they moved the coins there to test the wallet.






upload image free wap

This was one of the funniest things I've ever witnessed. Showing this huge amount of coins I was told that he might be a miner after which my own address was given as evidence ...

[abzii]

Im new to crypto,  but finding post like these certainly help us find the right projects to back. I appreciate all your work here exposing these shonky devs.

[fleer]

none of these problems are red flags to me.  usually I do no research on things I'm invested in, I'm not sure why I'm even here. 

[Shkembe]

none of these problems are red flags to me.  usually I do no research on things I'm invested in, I'm not sure why I'm even here.  

...and why do you ever bother to write after you do not even know where and why you are?  

[Neurolicious]

This one should without a doubt prove this. User Shkembe discovers a large amount of coins (far too many to have been mined) have been moved to Cryptopia and he is immedately declared a troll, then linked to his own account as an excuse, then finally the devs admit they moved the coins there to test the wallet.






upload image free wap

This was one of the funniest things I've ever witnessed. Showing this huge amount of coins I was told that he might be a miner after which my own address was given as evidence ...

If that in your mind is "providing evidence" then you probably don't know what is the meaning of evidence... I was only showing that it's possible to have a huge miner depositing his coins, as you are one example of a big miner. It was before Lux-Team claimed the deposit but it's now clear isn't it?

[Okrim]

Bad advertising is still advertising. We are at the beginning. Buy low sell high, if I remember well.

[luksbit]

I'm not doubting your statement, but this is the correct area for creating this post?

[lentyna]

Yeah, was obvious after 1st day mining that it's another scam.