The Official MCXNOW - REALSOLID SCAM Thread - Please add to this if u scammed.

[Charles999]

Post your message here on how he has scammed you.  I was scammed by him as he decided to shutdown his site "Temporarily" Which could mean years based on his history.  His announcement took the price of his shares from .21+ to .05 within an hour.   Keep in mind that just a few weeks ago he sold his shares for .4 to everyone.  Promising that his site will never go down and it can be run by his dumb wife that has half a brain if there really is one.   

[1713429442]

1713429442

[1713429442]

1713429442

[1713429442]

1713429442

[1713429442]

1713429442

[GoldSeal]

Yeah it's looking like he has no concern for his customers. This smells like a scam hard.

[ByronP]

I personally would like to thank RS for all his shady deals and for giving me the opportunity and drive to create a real exchange with out all the hiding and back doors to run out of...

[Nolo]

I traded a grand total of about 1 BTC at MCXNOW was open.  And that was just to dump the WDC I had mined. 

It sounds like everyone is going to be able to recover their coins.  As of right now.  We'll see how that goes.

But for everyone that lost out on the "shares" deal, I think most of you were warned repeatedly by numerous people on this forum about realsolid.  If you didn't know about his history that's one thing.  But every time his name was mentioned on this forum that I saw, there was someone around from the olden days of bitcoin (way back in the yesteryear of 2011) warning people about him.

I hope everyone gets their coins back. 



 

 

[MPOE-PR]

You derps "invested" in Real Solid? Lol. See here.

[flound1129]

Supertramp and Vipah who were also in on this scam need to get scammer tags as well.

[flound1129]

I would recommend anyone who has been scammed file a cybercrime report here.

https://complaint.ic3.gov/default.aspx

Just fill in "Unknown" for what's not known yet.  We'll get his real info eventually.  Here's a sample of what you can fill in.  *Make sure to fill in the total amount lost*

MCXnow, a Bitcoin and altertnate cryptocoin exchange, run by "RealSolid", on or about September 11, 2013, sold its first set of "Fee Shares".  The Fee Shares were a promise to pay a certain percentage of the exchange's profits for an ongoing basis to the users who purchased shares.  They are similar to the CRYPTSY and SBFS shares sold on the site Cryptostocks.com.

I invested in X such fee shares at an average cost basis of approximately XXX BTC (currently approximately $800/XXX) each.  At the time of this writing, fee shares are trading at approximately 0.07 BTC, or $56.  This represents a total monetary loss of $XXX USD for me.

On November 25, MCXNow announced that it is "shutting down for a period of time".  No definite time period was given as to when the site may be opening again.  Users were encouraged to withdraw all of their virtual currencies.

It was also suggested that insiders at MCXnow (friends of "Realsolid") including "Supertramp" and "Vipah" who were apparently in on the scam, and some holders of large fee share positions, were given advance warning of the closure and allowed to sell their shares at an inflated price before the news of the site closure was announced to the general public.  I believe very strongly that "RealSolid" does not in fact intend to reopen his site and that fee shares will never pay an additional dividend to the owners.

On July 23, 2013, a court declared that Bitcoin is a real currency, and the FBI has stated on record that scammers will not be protected just because they deal in Bitcoin or another virtual currency.  http://rt.com/usa/bitcoin-sec-shavers-texas-231/

Below you can find the IRC nicknames of the people associated with this scam.

Day changed to 26 Nov 2013
01:51 -!- RealSolid [~real@unaffiliated/realsolid]
01:51 -!-  ircname  : realsolid
01:51 -!-  channels : +#mincoin
01:51 -!-  server   : rothfuss.freenode.net [FR]
01:51 -!-  account  : RealSolid
01:51 -!- End of WHOIS
01:52 -!- SuperTramp- [~user89324@unaffiliated/user893245]
01:52 -!-  ircname  : realname
01:52 -!-  channels : @#mincoin
01:52 -!-  server   : asimov.freenode.net [TX, USA]
01:52 -!-  account  : user893245
01:52 -!- End of WHOIS
01:52 -!- vipah [~vipah@S01060016b6dabc65.ok.shawcable.net]
01:52 -!-  ircname  : vipah
01:52 -!-  channels : @#mincoin
01:52 -!-  server   : barjavel.freenode.net [Paris, FR]
01:52 -!- End of WHOIS

[Tomatocage]

Why would an exchange need to shut down and all coins withdrawn for a customer service and games add-on? Can't they test that shit on a test/staging box?

[xchrix]

hm dont think this is a scam. withdrawing of your coins is possible
mcxFEE is a own story: just do the math. 1 BTC for a share which gives 0.000001% (or something like this) is insane. you were all greedy

[STT]

Sounds like RS is an old school programmer, quickest way to clear a table is to turn it over.  Makes a mess of the floor but expedience is its own prerogative.  I look forward to the revamp

[jasinlee]

Sounds like RS is an old school programmer, quickest way to clear a table is to turn it over.  Makes a mess of the floor but expedience is its own prerogative.  I look forward to the revamp

Ok got it, this is what happened then. Thought process begins:

Step 1: Realization.


Step 2: Clear a table.


Step 3: Pause to reconsider.


Step 4: Changed my mind.

[ByronP]

Once again I will copy this because it says so much

RS 's latest and greatest words!!! "i would fucking clock 80% of the users on this exchange i think" --- WOW is this the guy anyone ever really should trust to hold anything...

YUP what a guy

as a side note selling fee shares of a site that has no fees to share IS illegal.

[420]

I was able to withdraw all my coins

[ranlo]

/Watching

[mogrith]

FYI

Code:

[02:37] <sKyZ> sure, post it up on pastebin
[02:37] <woogy> no need - Ken Armitt (has brother Colin). http://www.youtube.com/watch?v=sOY7LmwLAEM
[02:37] <woogy> live in new south wales Australia
[02:38] <woogy> here's his linked in: http://www.linkedin.com/pub/ken-armitt/4a/618/990
[02:39] <woogy> little fucker used to be part of crytoxchange before they pulled a runner in nov 2012
[02:41] <woogy> another video: http://www.abc.net.au/7.30/content/2013/s3732468.htm
[02:41] <woogy> initial commit from solidcoin before the account "Ken" was renamed to "RealSolid"
[02:41] <woogy> commit 81bfed8dd0a194352d75f98eb698f0c0cdd6e979 Author: Ken <solidcoin@rocketmail.com> Date:   Fri Aug 26 13:16:52 2011 +1000      first commit

edit added 02:39 and on lines

[Tomatocage]

FYI

Code:

[02:37] <sKyZ> sure, post it up on pastebin
[02:37] <woogy> no need - Ken Armitt (has brother Colin). http://www.youtube.com/watch?v=sOY7LmwLAEM
[02:37] <woogy> live in new south wales Australia
[02:38] <woogy> here's his linked in: http://www.linkedin.com/pub/ken-armitt/4a/618/990
[02:39] <woogy> little fucker used to be part of crytoxchange before they pulled a runner in nov 2012
[02:41] <woogy> another video: http://www.abc.net.au/7.30/content/2013/s3732468.htm
[02:41] <woogy> initial commit from solidcoin before the account "Ken" was renamed to "RealSolid"
[02:41] <woogy> commit 81bfed8dd0a194352d75f98eb698f0c0cdd6e979 Author: Ken <solidcoin@rocketmail.com> Date:   Fri Aug 26 13:16:52 2011 +1000      first commit

edit added 02:39 and on lines

And absolutely nothing will happen.

[laughingbear]

http://www.zazzle.com/i_got_ripped_off_at_mcxnow_shirts-235886709909149811

[HeliKopterBen]

For what its worth, I had an XPM withdrawal that got stuck.  I feared the worst after reading this thread but he responded to my email and pushed the transaction through.  All funds withdrawn.  No complaints here.

[geofflosophy]

My XPM withdrew no problem. Don't really feel too bad for the fee share bag holders just because the price was clearly inflated from the jump.

[BadBear]

I can't believe you guys trusted RealSolid of all people with your money, wtf? Can't say you weren't warned either.

[Atruk]

I've put together the evidence that was widely available that McxNow would have probably ended this way.

[Kaega]

Disclaimer: I traded on mcxNOW, I got my coins out but I'm stuck holding some mcxFEEs

All the currencies are stop trading and withdrawals are working.

The only "scam" is the risk people took buying mcxFEEs.  When the second (big) batch was sold at 0.4, BTC was ~200-205 USD (Oct 23-31st) or so.  Until the announcement, they had moved to .2 which maintained the fiat value of around ~200 USD. The announcement and panic sell has them hovering around at ~0.065.  Why?

RealSolid keeps buying them back cheap.  In the last couple days, he's bought back ~2000 mcxFee shares.  Why would he do this at all if he wasn't bringing back the site?  Ya, of course he's getting a deal, selling at .4 and buying at .065, but realistically, he doesn't have to buy anything. 

Now, it could be said he's doing this to remove some "taint" with this move.

However, I do find it hard to believe such a "competent, pro, C++ programmer" would neglect a use case scenario in which simple site maintenance and support would be blatantly overlooked.  A secure CLI interface could be drummed up to add this support with adequate logging and used to maintain the site.

TLDR; If you took the risk on mcxFees, it's on you. All my coins withdrawn except some FEEs I'm holding.

[Atruk]

Now, it could be said he's doing this to remove some "taint" with this move.

Well it is the same reason Pirateat40 ran GPUMax

However, I do find it hard to believe such a "competent, pro, C++ programmer" would neglect a use case scenario in which simple site maintenance and support would be blatantly overlooked.  A secure CLI interface could be drummed up to add this support with adequate logging and used to maintain the site.

Well yeah, this whole thing kind of illustrates that RealSolid is not and never was a competent C++ programmer.

[Dâniel Fraga]

Post your message here on how he has scammed you.  I was scammed by him as he decided to shutdown his site "Temporarily" Which could mean years based on his history.  His announcement took the price of his shares from .21+ to .05 within an hour.   Keep in mind that just a few weeks ago he sold his shares for .4 to everyone.  Promising that his site will never go down and it can be run by his dumb wife that has half a brain if there really is one.   

There's NO scam at all. What kind of scam is that allows people to withdraw their coins before doing the new version of the site? Bugs exist and problems happen.

Try to run your own exchange if you're so good to do your own exchange.

We just need patience while Real Solid fix the bugs and reformulate the site. When v3 goes online, I bet many of those who are attacking mcxNow will use mcxNow too.

[Buffer Overflow]

There's NO scam at all.

Jesus, you've been sucked in good and proper.

[FlungSpun]

Worst thing I could try to accuse RealSolid of doing here is knowingly selling the second batch of mcxFEE with concerns about the site.
the more I think about it the more there were easier ways to manipulate his own markets anyway so I find that hard to call him on that.
naive maybe, his PR sucks but then he doesn't pretend to be anything other than a c++ coder who's proud of his work (maybe to a fault)
I think the facts the site took off hugely and crypto in general when ballistic created a perfect storm he couldn't deal with and scared to screw it up made a rash call.

 
We all knew McxFEE was a PUNT! on how RealSolid would develop the site and in his usual blunt and to the point way he shared his ideas openly while making no promises.
Some people got pretty greedy and are now complaining they paid too much when a trading reality hits home ... oh well its happened to me in much tighter regulated markets.
Fools and their money right.

We all have our coins back plus some interest from deposit interest
he is still fielding problems with withdraw/deposits/ lost password etc.
we all have our FEE which we can choose to sell at a loss or stick with our original faith in the mcxNOW idea lets hope he pulls through with V3.0 of the site

McxNOW chat is pretty full of people gutted that the site isn't trading and bemoaning ALL the other exchanges for the poor responsiveness user experience.
RealSolid is still there chatting and dealing with folk. It's a strange scam if it is one.

as someone said earlier
/watching
I'll add
/hoping
it was a good exchange and could be again.Here's hoping you prove the scam accusers wrong - you obviously have some historical friends round here mate :/

Get some PR RS, cos you line yourself up for these cheap shots and make it easy for the nay sayers. but better than saying nothing ala other exchanges silence is worst of all.


so now you may all accuse me of shill or whatever .. feel free its all BS from where I'm sitting - just a really bad call from a one man show.
Or maybe he saved me 1000s in potentially lost coin if he had been over confident in his code and expanded on regardless. just a thought.

[OGskunk]

Uh oh look at this.. looks like we got another DPR wannabe hitman shit going on

http://gyazo.com/1c271efae5b5e22d6bb6668ccf1a3868
http://gyazo.com/02902a096ef14ad3f8441867088512b7
http://gyazo.com/13b8e2a9dce8e9ee45eb51c86e34e8d1

[seleme]

realsolid: @pythonideus no because i dont care if people lost money on feeshares, its their choice

[laughingbear]

realsolid: @vipah the scam is i forced them to sell their mcxfee at a loss! massive scam
jsidhu: @ssongssu its more like $20 mill
realsolid: haha
realsolid: these fucking morons man
realsolid: "ooooo you sold a commodity at 0.4 and you knew it would be less in the future waaaaa"

[Dâniel Fraga]

Jesus, you've been sucked in good and proper.

Where is the argument? Or are you unable to show me an argument?

[Buffer Overflow]

Jesus, you've been sucked in good and proper.

Where is the argument? Or are you unable to show me an argument?

Open your eyes and read what's going on for crying out loud. It's a very, very, very, very, very, very, obvious scam.

Bury your head in the sand if you want. Good luck with that.

[Dâniel Fraga]

Open your eyes and read what's going on for crying out loud. It's a very, very, very, very, very, very, obvious scam.

Bury your head in the sand if you want. Good luck with that.

Those who scream "it's a scam" just say that and nothing else.

What happened to mcxNow was a bad decision to stop trading (this could be avoided if Real Solid halted support for a while, fixed the bugs, implemented new features etc).

But what's done is done. It's silly to complain now. What people should do now is stay calm, be rational and do NOT sell the mcxFEE until the v3 site appears.

I'll be back in this topic when v3 shows up and ask the same ones who are accusing mcxNow of "scam" if they will apologize for the false claim.

[mogrith]

Well he did skip at least one fee/interest payout and there was a lot of transactions in the time before the shutdown

[flound1129]

Open your eyes and read what's going on for crying out loud. It's a very, very, very, very, very, very, obvious scam.

Bury your head in the sand if you want. Good luck with that.

Those who scream "it's a scam" just say that and nothing else.

What happened to mcxNow was a bad decision to stop trading (this could be avoided if Real Solid halted support for a while, fixed the bugs, implemented new features etc).

But what's done is done. It's silly to complain now. What people should do now is stay calm, be rational and do NOT sell the mcxFEE until the v3 site appears.

I'll be back in this topic when v3 shows up and ask the same ones who are accusing mcxNow of "scam" if they will apologize for the false claim.

The scam is selling hundreds or thousands of BTC in fee shares for 0.4 BTC each that he has no intention of ever paying fees on, weeks before shutting down.

Telling everyone to withdraw their coins, making him plenty more in transaction fees, unwithdrawable dust, etc.  It also gives him cover in case he ever has to talk to authorities after he disappears with the rest of the coins in his exchange.  Everyone has to withdraw because he has to do his testing on the live site?  Can't create another DNS record and vhost?  Maybe he could use some of his millions for a dev server?

[Buffer Overflow]

I'll be back in this topic when v3 shows up and ask the same ones who are accusing mcxNow of "scam" if they will apologize for the false claim.

This reminds me a little when the pirate ponzi imploded. People were actually taking bets he was legit. Oh dear.....

If the site goes back up, how does that prove it's not a scam? It doesn't. It just means he's back to lube up and penetrate you all again.

Anyway, he can't be doing much serious coding because he's on the troll box 18 hours a day.

[Bitcoin Oz]

lol you "invested" with this guy ?

[Dâniel Fraga]

The scam is selling hundreds or thousands of BTC in fee shares for 0.4 BTC each that he has no intention of ever paying fees on, weeks before shutting down.

Telling everyone to withdraw their coins, making him plenty more in transaction fees, unwithdrawable dust, etc.  It also gives him cover in case he ever has to talk to authorities after he disappears with the rest of the coins in his exchange.  Everyone has to withdraw because he has to do his testing on the live site?  Can't create another DNS record and vhost?  Maybe he could use some of his millions for a dev server?

Nobody is being forced to do anything. If it was a "scam", Real Solid could just shutdown the exchange and that's it.

And nobody was forced to buy any mcxFEE. The only ones who sold mcxFEE are desperate people who didn't understand what happened.

Now Real Solid decided to resume Mincoin/Solidcoin trading and charge for the support in case the problem was caused by the user (lost password). This will make a lot
easier to do the support and benefit all users.

This is free market. If someone doesn't like mcxNow, use Vircurex, BTC-E or even "Cryptsy" (the worst exchange ever).

[Dâniel Fraga]

This reminds me a little when the pirate ponzi imploded. People were actually taking bets he was legit. Oh dear.....

If the site goes back up, how does that prove it's not a scam? It doesn't. It just means he's back to lube up and penetrate you all again.

Anyway, he can't be doing much serious coding because he's on the troll box 18 hours a day.

So do not use mcxNow It's simple as that Did somebody pointed a gun to your head forcing you to use mcxNow? No! So stop crying.

[dbasql]

There's NO scam at all.

Jesus, you've been sucked in good and proper.

This no doubt 

[Buffer Overflow]

So do not use mcxNow It's simple as that Did somebody pointed a gun to your head forcing you to use mcxNow? No! So stop crying.

Ahh, but am I crying because of upset or crying because of laughter?

[Dâniel Fraga]

Ahh, but am I crying because of upset or crying because of laughter?

The crying if free

We will see who will laugh in the future .

[flound1129]

The scam is selling hundreds or thousands of BTC in fee shares for 0.4 BTC each that he has no intention of ever paying fees on, weeks before shutting down.

Telling everyone to withdraw their coins, making him plenty more in transaction fees, unwithdrawable dust, etc.  It also gives him cover in case he ever has to talk to authorities after he disappears with the rest of the coins in his exchange.  Everyone has to withdraw because he has to do his testing on the live site?  Can't create another DNS record and vhost?  Maybe he could use some of his millions for a dev server?

Nobody is being forced to do anything. If it was a "scam", Real Solid could just shutdown the exchange and that's it.

And nobody was forced to buy any mcxFEE. The only ones who sold mcxFEE are desperate people who didn't understand what happened.

Now Real Solid decided to resume Mincoin/Solidcoin trading and charge for the support in case the problem was caused by the user (lost password). This will make a lot
easier to do the support and benefit all users.

This is free market. If someone doesn't like mcxNow, use Vircurex, BTC-E or even "Cryptsy" (the worst exchange ever).

I hear e-mail based password resets are hard to code, that's why almost no website has them.

[flound1129]

The scam is selling hundreds or thousands of BTC in fee shares for 0.4 BTC each that he has no intention of ever paying fees on, weeks before shutting down.

Telling everyone to withdraw their coins, making him plenty more in transaction fees, unwithdrawable dust, etc.  It also gives him cover in case he ever has to talk to authorities after he disappears with the rest of the coins in his exchange.  Everyone has to withdraw because he has to do his testing on the live site?  Can't create another DNS record and vhost?  Maybe he could use some of his millions for a dev server?

Nobody is being forced to do anything. If it was a "scam", Real Solid could just shutdown the exchange and that's it.

A scam doesn't require force of any kind.  I fail to see how the fact that nobody was 'forced' to do anything exonerates RS in any way.

[Dâniel Fraga]

I hear e-mail based password resets are hard to code, that's why almost no website has them.

Since the beginning, it was made clear that no e-mail will ever be send from mcxNow to preserve user's privacy.

Even if Real Solid could use e-mail for users who want to enable e-mail password reset, he is free to decide to not use any e-mail at all for this.

[Dâniel Fraga]

A scam doesn't require force of any kind.  I fail to see how the fact that nobody was 'forced' to do anything exonerates RS in any way.

Nobody was "scammed". mcxNow is up and running. Private site and private rules. You are not the owner of mcxNow. So why do you want to dictate rules?

So you're against individual freedom and voluntary exchange. So you're just another statist wanting to regulate and dictate how people use sites.

[Buffer Overflow]

Nobody was "scammed". mcxNow is up and running.

I'm calling Dâniel Fraga another Realsolid sock puppet account. Got to be. Nobody could naturally be this stupid.

[Dâniel Fraga]

I'm calling Dâniel Fraga another Realsolid sock puppet account. Got to be. Nobody could naturally be this stupid.

You can call me whatever you want It doesn't affect me. It just shows you don't have inteligence to write me a true argument, just
"Ad hominem".

[OGskunk]

Nobody was "scammed". mcxNow is up and running.

I'm calling Dâniel Fraga another Realsolid sock puppet account. Got to be. Nobody could naturally be this stupid.

+1

[Dâniel Fraga]

+1

I thought I would read real arguments here. So those who scream "mcxNow is a scam!" can't show a simple and real argument?

All of you failed to convince me mcxNow is a scam. Keep trying

[STT]

It doesnt have to be a scam to be bad.
  Im not aiming to defend anyone but which is a worse scenario:  a site compromised by bad security, phishing even  or a site with bad customer service but none the less has retained all its funds intact.

I could meet the nicest website admin ever and he is a real great guy but if he loses my funds somehow then he sucks and nothing redeems that situation.  Vice versa, I dont care so much because its not really about feel good stuff.
  Shutting down the site like that was a really silly thing (a large part of worth can be goodwill, reputation and wheres that now?) to do imo and its obviously bad but theres always worse and big websites have accidentally or negligently done their customers far worse service then this one did purposefully.
   That is not a defence its just a comparison imo

[Dâniel Fraga]

It doesnt have to be a scam to be bad.
  Im not aiming to defend anyone but which is a worse scenario:  a site compromised by bad security, phishing even  or a site with bad customer service but none the less has retained all its funds intact.

I could meet the nicest website admin ever and he is a real great guy but if he loses my funds somehow then he sucks and nothing redeems that situation.  Vice versa, I dont care so much because its not really about feel good stuff.
  Shutting down the site like that was a really silly thing (a large part of worth can be goodwill, reputation and wheres that now?) to do imo and its obviously bad but theres always worse and big websites have accidentally or negligently done their customers far worse service then this one did purposefully.
   That is not a defence its just a comparison imo

Yes. Compare for example to inputs.io, also in Australia. Probably people here wouldn't call it a "scam", but, as you wrote, the coins were stolen. I prefer to use mcxNow which is much more secure, than to risk my coins in another site where I can't even chat with the creator.

Real Solid made the best, most secure and fastest exchange I saw on the internet. Bugs and problems will happen. Bugs are being fixed. In 3 or 4 weeks we will have the site fully operational again.

And people complaining here are missing the opportunity to buy cheap mcxFEE. When mcxFEE reach much higher value, it will be late for crying .

[laughingbear]

OK, so "maybe" scam is the wrong word to use. I mean it is IS a scam, but using that word gives some people an argument. I guess the better word to use here is con.  He pushed his fee shares HARD. Literally promising that people that bought his fee shares would be rich. He said that. He used his money that he made from the exchange to pump them.  Spent hundreds of btc of banns and pumps to bloat the fee share payouts to make the fee shares look a lot more attractive. Of course being the owner of the exchange, he had TONS people all over his dick helping him promote the fee shares.

He said many many times how mcxnow would be the biggest and best exchange ever.  He claimed it would take down btc-e, and one day gox.  He wouldnt even need to add fiat because he was working on Microcash! And OOOHHHH boy once microcash went live, the early adopters of mc and fee shares were going to have it made!  Buy and hold, buy and hold or you were a moron!  THEN, with ZERO WARNING after he made MILLIONS from the fee shares, it was all suddenly just too much work. SOOO much work that the great RS just couldnt take it anymore. (once he has made more money than he will ever need for the rest of his life) It SUDDENLY without warning became too much to deal with and he had to close up shop. But you know... he is sorry about that.

NOW he is opening the exchange again, but only trading coins that he owns. Literally owns, he made them.  He claims to have bought back most of the fee shares he sold.  (sold at .4, bought back at or around .1)
Who knows where this will end.  If the website will just shut down and go away, or if it will limp along and try to milk a few more people out of some funds.  It seems like in this community people just line up to throw away their money, even as they see others fall.

So did he steal coins?  No, he conned people. He lied about the future of fee shares, and he lied or misled people about how he would handle the exchange. NO ONE saw the shut down coming, except him, while he pushed his fee shares. True he didnt FORCE anyone to do anything, but you bet your ass he misled them on purpose, knowing he was selling something that was shit, or that he would turn to shit and buy back cheap!

SO did he "scam"  YES 100% yes. no question to anyone who lost shittons of btc believing his promises only to have the rug pulled out from under their feet.

I was conned.  I believed in RS, despite all the people on this forum telling me not to. I believed because he wrote the best exchange out there.  I believed because in chat he claimed to be a sensible libertarian, and I thought he was an honest person. I was wrong, and RS you should be ashamed. (I know you wont care, fuck it you are rich now) You people defending his CON should also be ashamed, even if the site reopens, HE CONNED PEOPLE WITH FEE SHARES! plain and simple.

RS, YOU are the reason that we need regulation, at least when it comes to exchanges.

WHY CANT WE HAVE ONE SINGLE, GOOD AND HONEST EXCHANGE?

[Dâniel Fraga]

OK, so "maybe" scam is the wrong word to use. I mean it is IS a scam, but using that word gives some people an argument. I guess the better word to use here is con.  He pushed his fee shares HARD. Literally promising that people that bought his fee shares would be rich. He said that. He used his money that he made from the exchange to pump them.  Spent hundreds of btc of banns and pumps to bloat the fee share payouts to make the fee shares look a lot more attractive. Of course being the owner of the exchange, he had TONS people all over his dick helping him promote the fee shares.

(...)

RS, YOU are the reason that we need regulation, at least when it comes to exchanges.

WHY CANT WE HAVE ONE SINGLE, GOOD AND HONEST EXCHANGE?

Wrong. Real Solid never promised mcxFEE will make anyone "rich". It's just like stock. There's no warranty at all. it can go up or down.

You ask for "regulation"? You don't know what you're asking for. Just politicians regulating what they aren't capable of doing themselves.

http://www.youtube.com/watch?v=BUvUtqTmd5c

And if you want a "single, good and honest exchange" why don't you do it yourself? You can even do an exchange without being a programmer:

http://bex.io/

[mogrith]

There's no warranty at all. it can go up or down.

Not even an implied warranty that they would continue to pay out? Not how much of a payment just that would be one.

Why would I buy a fee now that he has shown he will closes down the site skip payments due and start it back up again.

[Dâniel Fraga]

Not even an implied warranty that they would continue to pay out? Not how much of a payment just that would be one.

Why would I buy a fee now that he has shown he will closes down the site skip payments due and start it back up again.

Yesterday there was a huge payment. Those who desperate sold their mcxFEEs didn't gain from it.

And you don't need to buy anything. It's up to you decide. If you want other stocks you can go to Cryptostocks, but they are much worst than mcxFEE.

It's much better to wait for version 2.5 of the site.

[Charles999]

Yes this : Dâniel Fraga
is clearly another one of RS's puppets.  They all show the same traits.  Pretending that causing investors money isn't a big deal.  "the site is still up" blah blah bah.  It's the same old pattern.  He will send his many shills to try to defend him.  

One thing he can't do on bticointalk is ban your free speech.  right now his mcxnow site is only left with his ass kissing shills yapping amongst themselves.  And can you believe it, I log on for 30 seconds to see how stupid people are with feeshares still being bought??  and they are still talking about me and I have been chatbanned there for weeks.  Can you guys find more interesting topics?

Just keep the scam report going so no one else will get tricked him that site's Mcxfee scam.  They will try to run the scam again so watch out.

BECAREFUL with losers like Realsolid and his minions.

[Dâniel Fraga]

Yes this : Dâniel Fraga
is clearly another one of RS's puppets.  They all show the same traits.  Pretending that causing investors money isn't a big deal.  "the site is still up" blah blah bah.  It's the same old pattern.  He will send his many shills to try to defend him.  

Nobody is against free speech. You can start a mega-capaign against mcxNow and probably it will help a lot mcxNow

[Kenshin]

Post your message here on how he has scammed you.  I was scammed by him as he decided to shutdown his site "Temporarily" Which could mean years based on his history.  His announcement took the price of his shares from .21+ to .05 within an hour.   Keep in mind that just a few weeks ago he sold his shares for .4 to everyone.  Promising that his site will never go down and it can be run by his dumb wife that has half a brain if there really is one.   

I am so glad I stop using MCX Now, 2 months ago. I did smell the site to be a bit fishy. The spread are overpriced compare to BTCe.

[mogrith]

Not even an implied warranty that they would continue to pay out? Not how much of a payment just that would be one.

Why would I buy a fee now that he has shown he will closes down the site skip payments due and start it back up again.

Yesterday there was a huge payment. Those who desperate sold their mcxFEEs didn't gain from it.

And you don't need to buy anything. It's up to you decide. If you want other stocks you can go to Cryptostocks, but they are much worst than mcxFEE.

It's much better to wait for version 2.5 of the site.

Has there been a payout for the time of the last payout before the closing and the announcement of the hiatius?

[Dâniel Fraga]

Has there been a payout for the time of the last payout before the closing and the announcement of the hiatius?

At November 25th there're 3 payouts. The fourth one was done yesterday and now the payouts are back to normal at every 6 hours.

[mogrith]

But if you sold your fess after being told there we going to be no more payouts for 3 months you don't get the fourth? even if you owned them past Nov 25?

Also was the payout for all coins or just the ones trading now?

[Dâniel Fraga]

But if you sold your fess after being told there we going to be no more payouts for 3 months you don't get the fourth? even if you owned them past Nov 25?

Also was the payout for all coins or just the ones trading now?

You didn't understand. I didn't sell any mcxFEE. I'm not desperate like people in this topic who enter in the panic sell mode at the slightest change.

The payout yesterday was for all coins.

[mogrith]

But if you sold your fess after being told there we going to be no more payouts for 3 months you don't get the fourth? even if you owned them past Nov 25?

Also was the payout for all coins or just the ones trading now?

You didn't understand. I didn't sell any mcxFEE. I'm not desperate like people in this topic who enter in the panic sell mode at the slightest change.

The payout yesterday was for all coins.

Do you know the answer to my question?  You answered how someone that holds fees the entire time was paid. I asked how someone who had fees with a payment due before the hiatus would be paid for the time before the hiatus. if they sold the fees after it.



I don't trust RS to buy fees again. I understand .001% of a variable market will payout different amounts. But buying .001% share that payouts stop whenever RS wants and restarts after a radically different amount of time than announced seems nutty 

[Dâniel Fraga]

Do you know the answer to my question?  You answered how someone that holds fees the entire time was paid. I asked how someone who had fees with a payment due before the hiatus would be paid for the time before the hiatus. if they sold the fees after it.

I don't trust RS to buy fees again. I understand .001% of a variable market will payout different amounts. But buying .001% share that payouts stop whenever RS wants and restarts after a radically different amount of time than announced seems nutty 

The answer to your question is implicit in your question: if you sold your mxFEE, you did it by yourself (nobody forced you to sell your mcxFEE). So, if you sold your mcxFEE, you will get nothing, because you sold it! It's not hard to understand.

If you don't trust him, don't use mcxNow. Simple as that! Nobody is forcing you.

[STT]

You can buy royalties in a gas pipeline.  It wont always run full flow and it might even stop for maintenance, thats just a safety issue and owners dont even have control of that.   
I wont say he should have stopped the site but its comparable that a site under possible financial attacks wont always be online.   Really bad pr but still not anything more extreme then other kind of royalties.   Speak to a gold mine royalties firm, they had a rough trot with price falling for 2 years and sometimes the entire mine might flood out which means no royalties and touch luck. 

The whole business is risky, maybe some smart guy should make a trust fund owning shares in every exchange so that risk is spread out.  I dont have the capital myself

[mogrith]

this conversation started with 'where is the scam'

Fees are due for each 6hr period. fess for 1800-2400 were not paid. And RS stated that fees would NOT be paid for 2-3 months until new version comes up. note at this time if is past 2259 24NOV I hold fees  payment is due. no payment is due after that as there has been no trading in anything fees are paid on.

If when trading started again the fee payout was only for the the time after trading started again and so will be only for the coins now in trades. That would be fine.

But you are saying that payments in BTC WDC DVC XPM etc were paid only to current fee holders. not fee holders at the time the payment was due.

I'm not talking about what price fees were bought or sold at just the payment that was due.

[mogrith]

Speak to a gold mine royalties firm, they had a rough trot with price falling for 2 years and sometimes the entire mine might flood out which means no royalties and touch luck. 

ok but if the mine has been paying out every quarter then misses a payout then two weeks later if floods. they still owe for the quarter before the flood. especially as the mine had hit good ore and was producing more oz/ton than before. then the mining co says it will be 5 years to recover from flood buys up royalties then reopens mine one month later.

[STT]

Data can change but yea I guess thats a fair point on time of ownership.   Takes alot of admin to track when owned a share at what point of time, I guess this is one corner thats been cut and thats a fair complaint.

But you should know cryptsy royalities just did the same thing.  He was late paying fees this week, fair enough its a holiday but I owned the share for the week and only just sold in the last few hours.
He just paid the fees but I didnt get what I was owed for the week.   A real share like you say tracks ex dividend dates and all that thing but apparently its common not to do this for this btc type.

  On a weekly basis there is better argument for keeping it simple (immediate owners only), is there an agreement to specifically state otherwise

[Is that a cthulhu wee laddie edition  ]

[mogrith]

It's actually a Hello Cthulhu cake.

[flound1129]

OK, so "maybe" scam is the wrong word to use. I mean it is IS a scam, but using that word gives some people an argument. I guess the better word to use here is con.  He pushed his fee shares HARD. Literally promising that people that bought his fee shares would be rich. He said that. He used his money that he made from the exchange to pump them.  Spent hundreds of btc of banns and pumps to bloat the fee share payouts to make the fee shares look a lot more attractive. Of course being the owner of the exchange, he had TONS people all over his dick helping him promote the fee shares.

(...)

RS, YOU are the reason that we need regulation, at least when it comes to exchanges.

WHY CANT WE HAVE ONE SINGLE, GOOD AND HONEST EXCHANGE?

Wrong. Real Solid never promised mcxFEE will make anyone "rich". It's just like stock. There's no warranty at all. it can go up or down.

The scam isn't that he promised to make people rich, it's that he promised to pay out shares of future fees from an exchange that has no future fees.

[Buffer Overflow]

Let's not forget he also promised about making Microcash ages ago.

Another scam; people didn't get what they paid for.  

[Dâniel Fraga]

The scam isn't that he promised to make people rich, it's that he promised to pay out shares of future fees from an exchange that has no future fees.

mcxNow is paying it for mcxFEE holders. What's the problem?

"No future fees" where? 3 weeks from now the site will be normal again.

[DigitalMan]

Lets not forget to add this criminal to Realsolid's band of scammers:

Supertramp, the second biggest mcxpumper.  helping to tell lies and was one of the few members with insider info.

https://bitcointalk.org/index.php?action=profile;u=38365

Help adjust his trust accordingly!

[slu2]

I wasn't scammed, but I got real-tired of the real-solid bait and switch.   Like the 9:1 buyin thing, and all of the rest of the BS.

He is a multi-millionaire.  If he ever reopens his exchange again, which I doubt he will.  I know I won't visit that flunky ass place again.

[Buffer Overflow]

Can't wait for the sob stories when the authorities eventually pull the plug on those illegal mcxFEE securities he's trading.

[ottodv]

Don't know if it has already been mentioned, here's another place to file a report, just in case he is in Australia:
http://www.asic.gov.au

[mogrith]

The scam isn't that he promised to make people rich, it's that he promised to pay out shares of future fees from an exchange that has no future fees.

mcxNow is paying it for mcxFEE holders. What's the problem?

"No future fees" where? 3 weeks from now the site will be normal again.

Normal thats where he promises one thing and when enough people buy in changes his mind so they sell back cheap then changes his mind again.

[john_doe]

The scam isn't that he promised to make people rich, it's that he promised to pay out shares of future fees from an exchange that has no future fees.

mcxNow is paying it for mcxFEE holders. What's the problem?

"No future fees" where? 3 weeks from now the site will be normal again.

McxNow will be back to normal sometime today?

[Kaega]

McxNow will be back to normal sometime today?

Lol.  +1 karma for a hilarious post.

[EarthCoinOne]

they are back!

https://mcxnow.com/?r=EarthCoinOne

[Danglebee]

i might be reading incorrectly so i ask. is ken from australia realsolid ?

[STT]

no
but for the purposes of criticism, yes

[charles99]

He his identity hasn't been confirmed yet.  but he's a crook.

i might be reading incorrectly so i ask. is ken from australia realsolid ?

[ParkExcite]

Wow, this thread is scarying :/

[Tomatocage]

I don't get it, what did he scam? Mcxnow.com still seems to be online.

[GoldSeal]

Avoid realsolid (ken armitt) like the plague....

[naturalog]

Post your message here on how he has scammed you.  I was scammed by him as he decided to shutdown his site "Temporarily" Which could mean years based on his history.  His announcement took the price of his shares from .21+ to .05 within an hour.   Keep in mind that just a few weeks ago he sold his shares for .4 to everyone.  Promising that his site will never go down and it can be run by his dumb wife that has half a brain if there really is one.   

I got scammed as well see here https://bitcointalk.org/index.php?topic=595500.msg6540430#msg6540430

[Campsis]

No surprise that he is a scammer, rude man he is! Someone needs to reach out to him and teach him a lesson

[Vod]

People still trust realsolid?  I remember when he raised some bitcoin donations to "finish development" of his solidcoin, then promptly disappeared for a year or so without doing any work.

[STT]

Rude and scammer are entirely different things.   You are just helping the real rip off merchants by trying to mislabel somebody you dont like, its not the same thing.
All the people moaning about shares are obviously not aware of investor risk, you can be upset or pissed off but it just helps the real fraudsters out by slinging mud at everyone

[acs267]

No surprise that he is a scammer, rude man he is! Someone needs to reach out to him and teach him a lesson

I have to agree. Most of the posts I read from him were plain rude, or he had terrible etiquette.

Time to start a Internet manhunt.

By the way, wasn't MCxNow closed down one time in November of 2011?

[umair127]

No surprise that he is a scammer, rude man he is! Someone needs to reach out to him and teach him a lesson

I have to agree. Most of the posts I read from him were plain rude, or he had terrible etiquette.

Time to start a Internet manhunt.

By the way, wasn't MCxNow closed down one time in November of 2011?

Is possibbility that the people that are mods for him are part of the scam scenario, making him look like a honest business owner,  Last year I thought he was going to become big but he could be probably be Mark Kapeles Equal.

[smoothie]

Anyone who was recently scammed by RealSolid needs to be smarter and do their homework before investing.

Ever since day one when he released soiled coin #1 he was scummy and scammy.

[mogrith]

Look the site owner says if you buy shares now I will do A when auction comes. then he does B when auction comes. then once new shares are sold closes site. then partially reopens (trade shares only) and tells users site will not be back for months.  then opens site in 2 weeks.

Yes investing in shares is a risk. but flat out lies that manipulates share value is more than rude.

Fees were supposed to be paid every 6 hours last complete payout before shutdown was not paid. partial (~2hr) time after unpaid shares was not paid either.

Not paying out out shares s also more than rude.

Scammer

Rude and scammer are entirely different things.   You are just helping the real rip off merchants by trying to mislabel somebody you dont like, its not the same thing.
All the people moaning about shares are obviously not aware of investor risk, you can be upset or pissed off but it just helps the real fraudsters out by slinging mud at everyone

[ranlo]

Look the site owner says if you buy shares now I will do A when auction comes. then he does B when auction comes. then once new shares are sold closes site. then partially reopens (trade shares only) and tells users site will not be back for months.  then opens site in 2 weeks.

Yes investing in shares is a risk. but flat out lies that manipulates share value is more than rude.

Fees were supposed to be paid every 6 hours last complete payout before shutdown was not paid. partial (~2hr) time after unpaid shares was not paid either.

Not paying out out shares s also more than rude.

Scammer

Rude and scammer are entirely different things.   You are just helping the real rip off merchants by trying to mislabel somebody you dont like, its not the same thing.
All the people moaning about shares are obviously not aware of investor risk, you can be upset or pissed off but it just helps the real fraudsters out by slinging mud at everyone

I agree with most of what you said. I hate the way he flip-flops as well. The issue I have, though, is that when it comes down to it, the prices have always bounced back. He even said, when it was supposed to shut down for 2 months, that those who held on to their shares would be getting back more or less what they paid. What happened? Sure enough, they bounced back and anyone who had waited would have gotten back the full amount.

I'm more annoyed with v2.5 than anything. He said almost 2 months ago now that it was "completed" and that he was "just waiting until he gets a boner" and he'd release it. As of today's update, he says there is still a lot of work to go in to it and he's been working on other projects as well (often skipping v2.5 as he does it). It's this that is annoying.

But none of this is a scam. He never stole anyone's money. If people buy and sell fee shares, that's their own doing. He did not log into people's accounts to force buys/sales; people did that on their own. He hasn't stolen deposits.

People can't get mad because they invested into a site without doing due diligence first. RS has been doing this for many months. People who invested just because they said "OMG HES GIVING OUT MUNNEHS 0.001% OF TEH EXCHANGE MUST PASS MUNEH FASTUR!" are morons. Never invest in anything until you know who you are dealing with and what you're dealing with. Anything else is going to result in a loss.

tl;dr: quit being stupid and blaming others because you make bad decisions.

[mogrith]

cam  (skæm)
 
— n
1.   a stratagem for gain; a swindle
 
— vb  , scams , scamming , scammed
2.   ( tr ) to swindle (someone) by means of a trick

Note steal is not a requirement of the above. 

next you are going to tel me that just keeping payouts and not paying them out to owners is not stealing either you have the same amount of coin as you did before.

[ranlo]

cam  (skæm)
 
— n
1.   a stratagem for gain; a swindle
 
— vb  , scams , scamming , scammed
2.   ( tr ) to swindle (someone) by means of a trick

Note steal is not a requirement of the above. 

next you are going to tel me that just keeping payouts and not paying them out to owners is not stealing either you have the same amount of coin as you did before.

He did keep a couple hours' worth of the payouts, sure. That's all though. In fact, since then he's given out TONS of BTC (at least 20-30 that I'm personally aware of), which is far more than the fees he "stole."

[mogrith]

he's not a scammer he robin' hood now?

It's ok to steal if you had it out to buddies?

[capoeira]

he's not a scammer he robin' hood now?

It's ok to steal if you had it out to buddies?

guys there a fundamantalists libertarian. I know one of them. to make it short: "everything is ok if not forced with a gun"

[Este Nuno]

How is Real Solid still in the bitcoin community in 2014? Is this real life?

[Kushedout]

https://bitcointalk.org/index.php?topic=320659.msg5395647#msg5395647

[prospecta]

So it looks like mcxNOW has finally disabled all new signups, no info posted anywhere to confirm this - but multiple IP addresses just gives a signup error now.

Realsolid aka Jason Annice got doxed hardcore lately...the writing is on the wall perhaps?

 

[smoothie]

RS has and always be a dick and a scammer.

He does tend to run when the heat is on him though as the past indicates. 

[Tomatocage]

So it looks like mcxNOW has finally disabled all new signups, no info posted anywhere to confirm this - but multiple IP addresses just gives a signup error now.

Realsolid aka Jason Annice got doxed hardcore lately...the writing is on the wall perhaps?

 

Dox'ing does nothing. Look at all the scammers who have been dox'd and what has become of them? Two things, and one of them is Jack.

[hutcho]

Anybody know the current status of MCXNOW ? Nodes are offline. If you try to deposit, your coins will be in limbo. Apparently, trades are happening. Word is that RealSolid is sick?

[slu2]

Anybody know the current status of MCXNOW ? Nodes are offline. If you try to deposit, your coins will be in limbo. Apparently, trades are happening. Word is that RealSolid is sick?

Word is, that real solid is a scammer.   I dunno

[Buffer Overflow]

Word is that RealSolid is sick?

Yes it's called scammeritis. He's had it for years.

[hutcho]

How many have been scammed? There's over 38,000 accounts on mcxnow. Or so he claims. Is everybody's money frozen and/or lost ?

[mstrongbow]

How many have been scammed? There's over 38,000 accounts on mcxnow. Or so he claims. Is everybody's money frozen and/or lost ?

I've used MCXNow since late spring...haven't used it in over a month but all was kosher last time I traded some BTC for Doge...never had any issues exchanging LTC for BTC earlier this year either. Sadly, I am unable to recover my Google authenticator and am unable to sign in due to this issue so I won't be doing much trading there unless I create a new account as we all know how friendly RS is when people lose their info etc. Fortunately, I never left a balance overnight on any exchange.

[Luposian]

McxNOW is going down again, on Nov. 15th, for an unspecified period of time.  I was surprised that this happened once before... same descriptive!  Interesting.  I pulled out as soon as I saw the notice, several days ago.  Was sad to lose some value on my FEEs, but thankfully got out before FEEs crashed to under 0.02BTC (I sold out at around 0.028-0.029).  Guess we'll see what becomes of mcxNOW in the coming months.  If this is a repeating pattern, every year or two, that doesn't speak highly of the trustability of the site or it's operator(s).

[STT]

I think it does speak highly, he gives clear warning and has a history of allowing deposits to withdraw at users will.  Yes its inconvenient, I think he is still a 1 man band but Ive known quite few exchanges now who failed users and the integrity of their balances.  (might not be their fault but still)

If I read it right the fees will continue after the website is renewed but thats down to the investor to judge.   I only ever owned a related token listed on cryptostocks, not sure who ran it even but he saw us all cashed out at a fair rate (long ago)

[buzztiaan]

If this is a repeating pattern, every year or two, that doesn't speak highly of the trustability of the site or it's operator(s).

FYI, 2 years have passed.

rawx.io is the current mcxnow relaunch

[capoeira]

If this is a repeating pattern, every year or two, that doesn't speak highly of the trustability of the site or it's operator(s).

FYI, 2 years have passed.

rawx.io is the current mcxnow relaunch

people got the value of those mcx-shares back?