Is Biblepay a scam? Ponzi scheme using the Bible + orphans as its cover?

[coinpimp321]

Is Biblepay a scam?! Ponzi scheme of Biblical proportions using orphans as its cover?

Do your research very carefully before investing.

this is unacceptable behavior for a 'christian' ministry to the poor

I was warning the community at large about them until I got banned. I will put forth my findings again here.

This appears to be a scam. The story so far:

Part 1- The setup

1- 'Rob' (anonymous figure who refuses to reveal) forks Dash codebase
2- Novelty feature of 'biblehash' developed and marketed as way to defeat unfair mining by GPU
3- 'Rob' designs coin to be VERY VERY HIGHLY inflated. 20,000 block rewards every 7 minutes
4- 'Rob' markets coin as a 'bible'/'christian' currency to help orphans.
5- 'Rob' works with 5 devs and partners to execute plans fast

Part 2 - The instamine - how to get millions of coins before anyone else!

(done before with Dash see: https://bitcointalk.org/index.php?topic=999886.0)

6- 'Rob' announces coin on bitcointalk. Claims no pre-mine or ICO
7- 'Rob' along with devs/partners mine coin with very large hashrates before anyone else. This can be verified on blockchain (http://biblepay.inspect.network/ - note: the blockchain only goes back last 100 entries!!).
8- 'Rob' appears to delay allowing others to mine. Other devs post on forum of their success with mining. Likely they are the dev team, partners, or just fake information
9- Early minors report difficulty mining, getting software to work.
10- Pool shows very high hashing power from select users. Suspecting 'Rob' and his merry men have dominated the initial coins

Part 3- The dump on the exchanges

10- On same day of launch, 'Rob' announces a deal that coin will be listed on an exchange due to its charity function.
11- In aug the coin becomes listed. immediately MILLIONS of coins are dumped.

Part 4- Selling the masternodes <-- present

12- 'Rob' announces masternodes will go on sale on thanksgiving. 1.5 million biblepay units ($1200) per node.
13- At this point regular miners with simple hardware would never be able to mine those amounts. Though that was the intention of the coin in the first place!
14- 'Rob' is now cashing in with everyone buying units from him to buy into this masternode scheme

Part 5- Exposing the scam, banning critics, locking up thread from criticism

15- Once pieces were put together, 'Rob' was challenged. No specific response other than 'this person is trolling',etc.
16- 'Rob' closes down the thread and deletes any critical posts
17- Block explorer has been limited to last 100 entries and can not search for genesis block. this is to hide the fact that 'instamine' was performed

http://biblepay.inspect.network/

I call on all people of integrity regardless of religion, to investigate this project. Those that are Christian must find it highly offensive that their Holy Bible is used as a vehicle for a ponzi scheme. Others should find it tiresome that the crypto world is polluted by yet another pump-dump coin.

How can you help?

IMMEDIATE ACTION STEP:

Ask 'Rob' to have his blockchain explorer show all mined blocks since the beginning so an accounting can be done. Transparency is a fundamental principle of blockchain. Why limit it to 100 recent entries 'Rob'?

https://bitcointalk.org/index.php?topic=2388064.new#new

1- Do an accounting of coins mined in first 24-48 hours. Someone with technical expertise should install 'inspect blockchain explorer' https://github.com/iquidus/explorer and run a report on amount of coins mined on first day/hours.  (this feature on bibleplay block explorer has been limited to 100 recent only)

3- Ask 'Rob' for accountability. challenge him on the new moderated thread. Do not stand for censorship or shaming. You will quickly find out he will censor you or delete posts that bring to light these issues. Why so much censorship?

4- Spread the warning that biblepay may be a scam / ponzi scheme. 'Rob' can not censor organic SEO discussion online.



Post this thread on
- http://www.reddit.com/r/biblepay
- tweet it #biblepayscam
- write blog articles and facebook posts
- make youtube videos exposing this

Further reading


Similar scam setup in Dash launch
https://medium.com/@omiros23/evans-and-dash-s-scam-story-add1f16528ae

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[HitbtcSCAM]

It is just like the Jesus Coin
A group of people who are possesed due to their sins and the sins of their parents before them
The wicked are inflamed now, the end of the world is close

http://www.jesus-is-savior.com/End%20of%20the%20World/end_of_the_world.htm

[coinpimp321]

It is just like the Jesus Coin
A group of people who are possesed due to their sins and the sins of their parents before them
The wicked are inflamed now, the end of the world is close

http://www.jesus-is-savior.com/End%20of%20the%20World/end_of_the_world.htm

amen brother

[PokerBetting]

where biblepay site
all online investment with big profit only ponzi scheme so you must becareful if join in ponzi site

[sato_shi_ate]

Whoah, slow down a little,
that is alot to take in all at once.
(one thing at a time, I am thinking)

17- Block explorer has been limited to last 100 entries and can not search for genesis block. this is to hide the fact that 'instamine' was performed

Where can the information be found about the mining going back to the genesis block?

If there is guilt about a premine, then I have seen other coins burn some coins,
to try and clean up that mess.

[Slow death]

It is just like the Jesus Coin

is an unbelievable thing, people use any means to convince others to be able to deceive them.

A group of people who are possesed due to their sins and the sins of their parents before them

People steal because they want easy money, few people steal because they have no other choice.

The wicked are inflamed now, the end of the world is close

I've heard it a lot: "  the end of the world is close " mainly in the year 1999, some people were convinced that year 2000 was the end of the world, but here we are

[coinpimp321]

Whoah, slow down a little,
that is alot to take in all at once.
(one thing at a time, I am thinking)

17- Block explorer has been limited to last 100 entries and can not search for genesis block. this is to hide the fact that 'instamine' was performed

Where can the information be found about the mining going back to the genesis block?

If there is guilt about a premine, then I have seen other coins burn some coins,
to try and clean up that mess.

someone needs to install an independent block chain explorer. this is the open source version they used

https://github.com/iquidus/explorer


its not premine. its instamine. i suspect they had 5 + rob people mining the coin the instant they released it so they had all the early block rewards.

this will be proven 100% true . but they will then claim 'plausabile deniablity' by saying that it could have been anyone else not necessarily them. or say 'so what'

[Peacefully_Graceful]

there are lot of block explorers out there,
should be easy to find someone to make one for bbp going back to the genesis block,
just ask them to do that, see if they will

'rob' or 'bible_pay' or whoever it is, will not discuss the word of god on his thread,
but deleted my post earlier.
I recommended that he go and see a priest and tell the priest about his biblepay project,
and attend bible studies and ask the fellow bible students what they think about his biblepay project.
if 'rob' were a reasonable believer, he should reply with explanations of his own reasonings about
certain scripture quotes, but he avoids or goes and copies and pastes replies from elsewhere on the internet if he can find an answer somewhere, but he doesn't seem to have faith himself, or is too hauty minded and will not humble himself to permit the priest to be above him in spiritual matters, while rob magnifies his mining and programming above all else, and does not glorify God, nor does he regard believers as his brothers or sisters either, but bans them from his thread, chosing instead to discuss mining or programming with non-beilevers or his sockpuppet alt accounts.

[coinpimp321]

there are lot of block explorers out there,
should be easy to find someone to make one for bbp going back to the genesis block,
just ask them to do that, see if they will

'rob' or 'bible_pay' or whoever it is, will not discuss the word of god on his thread,
but deleted my post earlier.
I recommended that he go and see a priest and tell the priest about his biblepay project,
and attend bible studies and ask the fellow bible students what they think about his biblepay project.
if 'rob' were a reasonable believer, he should reply with explanations of his own reasonings about
certain scripture quotes, but he avoids or goes and copies and pastes replies from elsewhere on the internet if he can find an answer somewhere, but he doesn't seem to have faith himself, or is too hauty minded and will not humble himself to permit the priest to be above him in spiritual matters, while rob magnifies his mining and programming above all else, and does not glorify God, nor does he regard believers as his brothers or sisters either, but bans them from his thread, chosing instead to discuss mining or programming with non-beilevers or his sockpuppet alt accounts.

yes. there are a lot of signs that this is a masquerading christian.

[coinpimp321]

I re-opened, unlocked the biblepay not-self-moderated unofficial thread,
God opened my eyes that it might be used to do some good works.

BiblePay BBP - Not Self Moderated Thread - Unofficial Thread
https://bitcointalk.org/index.php?topic=2394105.0

good. put that funny graphic back on. it was awesome!

[coinpimp321]

there are lot of block explorers out there,
should be easy to find someone to make one for bbp going back to the genesis block,
just ask them to do that, see if they will

perhaps you can help with this? i think the community at large frowns on instamine operations

[coinpimp321]

Evidence analysis on blockchain has begun. reveals as suspected premine and instamine

https://bitcointalk.org/index.php?topic=2408530.msg

[coinpimp321]

'Rob' keeps deleting any discussion of this issue on the thread.

He cant hide the truth or erase the blockchain.

Demand the accountability from 'Rob'. If you get deleted / censored post your experience here

https://bitcointalk.org/index.php?topic=2388064.new#new

One person stands for the Truth. Another join hims. Let the light shine brighter and brighter. Stand with me to expose this pump and dump scam fooling Christians

[Gyro]

there are lot of block explorers out there,
should be easy to find someone to make one for bbp going back to the genesis block,
just ask them to do that, see if they will

'rob' or 'bible_pay' or whoever it is, will not discuss the word of god on his thread,
but deleted my post earlier.
I recommended that he go and see a priest and tell the priest about his biblepay project,
and attend bible studies and ask the fellow bible students what they think about his biblepay project.
if 'rob' were a reasonable believer, he should reply with explanations of his own reasonings about
certain scripture quotes, but he avoids or goes and copies and pastes replies from elsewhere on the internet if he can find an answer somewhere, but he doesn't seem to have faith himself, or is too hauty minded and will not humble himself to permit the priest to be above him in spiritual matters, while rob magnifies his mining and programming above all else, and does not glorify God, nor does he regard believers as his brothers or sisters either, but bans them from his thread, chosing instead to discuss mining or programming with non-beilevers or his sockpuppet alt accounts.

yes. there are a lot of signs that this is a masquerading christian.

Talk to yourself often? whacko get help.

I addressed your concerns here. https://bitcointalk.org/index.php?topic=2408530.msg24640132#msg24640132

[sharpshot]

I wonder what has rattled coinpimp321 so much?  I'm sure he/she posted something about stopping this war but that obviously didn't happen.  It's obviously become an obsession and it probably wont make any difference to BiblePay, if anything it will help it.  It's not one of the best known coins and as the saying goes, there's no such thing as bad publicity.  A few flimsy allegations wont stop most people from looking at a coin.

[coinpimp321]

I wonder what has rattled coinpimp321 so much?  I'm sure he/she posted something about stopping this war but that obviously didn't happen.  It's obviously become an obsession and it probably wont make any difference to BiblePay, if anything it will help it.  It's not one of the best known coins and as the saying goes, there's no such thing as bad publicity.  A few flimsy allegations wont stop most people from looking at a coin.

Whats your opinion on televangelists? you know the big multi millionaire types that use the Bible and Christianity to get 'donations' for their coffers

Yeah, that the kind of 'rattled' i am.

Christian crypto scam is what this coin is about.

[togoshigekata]

BiblePay is definitely a legitimate project

The project is currently sponsoring 326 Orphans Monthly!

Anyone can contact Compassion International to confirm the Orphan sponsorships:
https://www.reddit.com/r/BiblePay/comments/7dtwx8/compassion_charity_accountability/
https://bitcointalk.org/index.php?topic=2388064.msg39981340#msg39981340

10% of mined coins go to Charity,
which means 10% of coins have to be sold on the exchange to pay the Charities in dollars for the sponsorships

There was no premine, no instamine, the project was posted publicly in the bitcointalk forum at launch:
https://bitcointalk.org/index.php?topic=2042657.0

The full block history can be viewed on the Explorer:
http://explorer.biblepay.org
https://explorebiblepay.com/
Can search every block number

Jesus coin is a bad comparison, they are a joke coin, just look at their website:
https://jesuscoin.network/

In addition to our Charity aspect, we reward users for:
- Writing Orphan Letters
- Reading, Listening and Watching Gospel Links
- and a BiblePay University feature is in development (Currently rewards users for taking quizzes on their knowledge of Christianity)

The Masternode system gives us InstantSend, PrivateSend, Governance and Monthly Budget abilities
https://dashpay.atlassian.net/wiki/spaces/DOC/pages/8585240/Understanding+the+Governance+and+Budget+System

Starting out on the exchanges, an investor could get enough coins for a Masternode with 0.1-0.2 Bitcoin and that is back when Bitcoin was worth $4-6k

Rapture, a newer Christian coin, auctioned 5 of their masternodes for 2 Bitcoin each
Medic coin, a newer coin also, started with masternodes that cost $30-40k each

Im not sure how much more legitimate BiblePay could be,
Now Rob the creator is anonymous, and that is okay,
a lot of people and developers in the cryptocurrency space are anonymous,
even Bitcoin developers, even you coinpimp321 are anonymous.

BiblePay also has a Cancer Research mining feature,
so instead of miners solving random cryptographic puzzles, they will actually contribute to science to help cure cancer!

BiblePay is growing and I believe it will become the #1 Charity coin and potentially help sponsor millions of orphans around the world.

Let me know if there are any other concerns you have.
Have a wonderful day!, Togo

[afeno]

I support Biblepay. At the end it has a real benefit behind.
Christians or not, orphans need help and will always need it.
I will check where to buy bibblepay coins right now.

Thank you Togo for all the information!

[7Sage]

 :'(yea