[ANN] GetVisaCoin::Sibling of NXT::Born for retribution & deterrent

[btc24]

 Waste of time.

[GröBkAz]

Waste of time.

We all know this was a scam. But no one has the evidence that this is a scam.

He has just asked us:."give me your money, Perhaps I could develop a new coin".

[GetVisaCoin]

So why do you intend if you succeed to take the money to invest them in a NXT clone and be a nasty copycat yourself? Why do not you deposit these money into NXTs future development?

I love NXT too, so I don't want to harm it with a nasty clone. The clone idea allows for a simple way to compensate the VisaCoin victims and still pay the bounty hunter. If there is another way that achieves that without simply being a matter of asking for donations then I'm all ears

The cloned NXT seemed like an elegant solution (it funds itself and pays the bounty hunter), and it MIGHT improve on the initial NXT distribution problem that people have had a problem with.

The NXT source code was released in the same week the VisaCoin scam became obvious, so they fit together in the timeline.

BUT, I want to catch the bad guy, and send a message to future scammers - not hurt NXT, so get your thinking caps on.

Suggestions welcome

I'm not a developer, so a NEW idea for a coin is not my area of expertise.

1. If you are a fan to NXT, listen to my advise and istead of cloning, promise to give the money to invest into NXT development.
2. As utopianfuture said, I think it's too early for any plans realted to money tough. Do you have any rough idea for how this guy can be caught and forced to give his money back? Please, answer literally to this question as this seems completely impossible IMO. If you suggest I plan I would help you tough if you promise to invest the money in NXT.

I am not a hacker, but I believe there is a trail to follow (registered domain name with a payment, gmail account, bitcointalk account, google docs). My idea is to offer a bounty of half the stolen bitcoins (plus my 5 bitcoins) to an honest hacker to identify and locate VisaCoin. Once that happened the threat of prison would make it possible to recover the bitcoins from VisaCoin. Someone would have to approach VisaCoin once he was found.

We could then give each victim half their bitcoins back, but I think it better to try and start a new coin. A modified version of NXT with a larger genesis block is one option, but my objective is to catch VisaCoin, and as it stands nothing is being done. I'm open to suggestions!

At least my idea has flushed out a bit of debate, and hopefully VisaCoin is sleeping a little less soundly now.

To answer your question directly, I am not going to catch VisaCoin myself, but an honest Chinese hacker might decide that 70 bitcoins and the chance to become famous in the crypto community is worth the effort, so I'm hoping someone in China will find VisaCoin and "persuade" him to to return the bitcoins.

Whoever catches VisaCoin in China will get 70+ bitcoins and be famous/respected. That is the incentive. If we start a new coin they would get rewards from that too.

I want VisaCoin to feel nervous!!

[GetVisaCoin]

Catch him first. Then you can talk what to do with the money.

The recovered money would belong to the victims of VisaCoin, so it would be their decision. My guess is they would prefer to invest in a new coin that could make them a profit rather than lose half their stake to paying the bounty hunter.

Any coin they start is better to be a POS coin (they've already contributed their stake to the genesis block distribution). A cloned POW coin makes no sense, and doesn't cost 70 bitcoins (less than 0.5 bitcoin to get a pre-fab POW coin now), and would not be a success - too much competition with POW now.

A cloned NXT is simpler, and has less competition, and it would make some improvements to the original NXT

If the 70 bitcoins was invested into NXT development how would the VisaCoin victims be compensated? If there is an answer to that question, then maybe that is a better option than a cloned NXT with a better distribution. Otherwise the VisaCoin victims would probably prefer my idea.

[GetVisaCoin]

Waste of time.

The original VisaCoin thread has been locked so I can't post there, and maybe some of the VisaCoin victims have not seen this thread yet.

Maybe I am wasting my time, but I believe decentralised currencies are very important to the world, and sending a message of deterrence to future scammers is worth doing.

Banks are strong because they protect people's money. Visa is strong because it attempts to protect people against scams and theft. Crypto currencies will not grow if ordinary people get robbed.

I have plenty of bitcoin and NXT, so this is not about me. I had an itch and I am scratching it.

I will push this a little more to be sure that some of the VisaCoin victims have heard of my plan. So far only NXT people have responded, and this isn't really about NXT. The cloned/rebooted NXT idea seems obvious to me, but that's just me.

I want to catch VisaCoin and send a message to the next scammer - PEOPLE WILL LOOK FOR YOU!

[MadCow]

GetVisaCoin::Born for retribution & deterrent

An exact clone of NXT - The NXT source has been released
GetVisaCoin Genesis block - the 130 stolen bitcoins
All the benefits of NXT with a BETTER distribution

Do not send GetVisaCoin any bitcoins!! This is a serious attempt to catch the criminal(s) behind VisaCoin.

The Plan
1 - I will donate 5 bitcoins
2 - The original 130 bitcoins stolen by VisaCoin - still untouched - https://blockchain.info/address/1PmsmFaNQraZVbBv3Q13jmyucXVJfUo4Hb
3 - Starting budget for GetVisaCoin - 140 bitcoins

4 - We offer a Bounty of 70 bitcoins for identifying the VisaCoin criminal(s) real world identities & locations
5 - Once located, fear of Chinese prison should make recovering the stolen bitcoins possible without violence

5 - We use the remaining 70 bitcoins to hire a developer to produce & promote a cloned version of NXT
6 - The GetVisaCoin genesis block is generated from the 130 bitcoins worth of contributions in the stolen VisaCoin account


GetVisaCoin::The Cold Steel to NXT's gold in the POS crypto world

This is awesome!! Best coin announcement I've seen in a long while. This is the real Chuck Norris coin!

[TwinWinNerD]

Why do you think this will be more successful than the hunt for tradefortress?

[Protato]

watch out for scams with so called "2nd gen" crypto and IPO releases!

I believe that if all these so called devs are so confident with their creations and are asking for investments prior to having anything to show but a few paragraphs selling a dream, then DO release some of your information as well as LEGIT contact information other than a account name on the forum!

ANYONE WHO BELIEVES IN THIS PLEASE QUOTE AND LET MAKE MORE AWARE SO THEY DONT FALL PREY TO POSSIBLE SCAMS! [/color]

[EvilDave]

watch out for scams with so called "2nd gen" crypto and IPO releases!

I believe that if all these so called devs are so confident with their creations and are asking for investments prior to having anything to show but a few paragraphs selling a dream, then DO release some of your information as well as LEGIT contact information other than a account name on the forum!

ANYONE WHO BELIEVES IN THIS PLEASE QUOTE AND LET MAKE MORE AWARE SO THEY DONT FALL PREY TO POSSIBLE SCAMS!

Chill, bro, this is an attempt to catch a scammer, not to float yet another "2nd, 3rd, 4th...generation crypto-currency".


So have u guys called in ........da da da daaaaa......rickyjames yet?

BTW, I like the idea of tracking down Visacoin, hate the idea of cloning NXT.
How about offering all of the Visacoin investors/victims the chance to transfer their recovered funds into NXT at a discounted price?

[GetVisaCoin]

watch out for scams with so called "2nd gen" crypto and IPO releases!

I believe that if all these so called devs are so confident with their creations and are asking for investments prior to having anything to show but a few paragraphs selling a dream, then DO release some of your information as well as LEGIT contact information other than a account name on the forum!

ANYONE WHO BELIEVES IN THIS PLEASE QUOTE AND LET MAKE MORE AWARE SO THEY DONT FALL PREY TO POSSIBLE SCAMS!

Chill, bro, this is an attempt to catch a scammer, not to float yet another "2nd, 3rd, 4th...generation crypto-currency".


So have u guys called in ........da da da daaaaa......rickyjames yet?

BTW, I like the idea of tracking down Visacoin, hate the idea of cloning NXT.
How about offering all of the Visacoin investors/victims the chance to transfer their recovered funds into NXT at a discounted price?

I'd love rickyjames to get on board VisaCoin is most likely located in China, so I'm hoping some honest Chinese hackers take up the challenge. 70+ bitcoins is worth a lot anywhere now, but in China that's about 10 years average income, so I think it is a large incentive.

There would be a language hurdle for any non-chinese investigators, but I know what rickyjames did with the epicthomas affair, so I'd love to get his input.

I just want to catch VisaCoin and send a message.

As for how best to compensate the VisaCoin victims, if there was a way to pay them from the original NXT that would be great. I'm not out to upset the NXT apple cart (I love NXT and my 5 bitcoins came from selling some on dgex.com).

The only problem I see with that idea is who in the NXT community has the authority to decide that? If it could be done then I'd be very happy, and we'd have the whole NXT community on the hunt for VisaCoin.

The cloned version of NXT part of my plan isn't the critical bit (but I still think it could work).

I want to catch VisaCoin, send a message to the next scammer, compensate the victims of VisaCoin, and hopefully do something to try and prevent the crypto landscape from being destroyed by dishonest behavior.

Thanks for showing support

[dE_logics]

I am really hoping this guys got caught, they make the whole community to loss trust in IPOs and they inspire a new group of scammers.

So, you appears to be a holder of some IPO fraud.

Actually ALL IPOs are fraud.

If they're not they whould've done proof of burn or asked people to donated bitcoins instead of asking for it directly.

[wizzardTim]

It would be good if he is brought to justice and we get our btc back

[GetVisaCoin]

It would be good if he is brought to justice and we get our btc back

Yes wizzardTim, that's the plan - Justice & Compensation for the victims of VisaCoin.

What do you make of my idea to reboot NXT using the VisaCoin contributions for the genesis block?

Could someone translate my announcement post into Chinese and post it in the Chinese forum? I've had a few nibbles, but if this thing is going to work I will need some help from the Chinese crypto community.

We can catch VisaCoin!

Maintain the Rage!!

GetVisaCoin:: The Cold Steel to NXt's Gold in the POS crypto universe!

[wizzardTim]

It would be good if he is brought to justice and we get our btc back

Yes wizzardTim, that's the plan - Justice & Compensation for the victims of VisaCoin.

What do you make of my idea to reboot NXT using the VisaCoin contributions for the genesis block?

Could someone translate my announcement post into Chinese and post it in the Chinese forum? I've had a few nibbles, but if this thing is going to work I will need some help from the Chinese crypto community.

We can catch VisaCoin!

Maintain the Rage!!

GetVisaCoin:: The Cold Steel to NXt's Gold in the POS crypto universe!

It's not a bad idea but we will need something more than that - not just a NXT clone. At least it should have some innovations / changes in features and wallets.

EDIT: maybe a percentage of our funds should be used to pay potential devs to create something better than NXT?

[stompix]

The whole debate: nxt clone , new clone , redistribute the money back to the investors should take place after you catch visacoin.

Ups , should take place after you catch visacoin and manage to get yout bitcoins back.
Sometimes , people who worship bitcoin like a god , next day , when their plans don't match their previous beliefs forget everything.

Wasn't bitcoin a tool to safe guard your wealth? One that even the government can't touch?
How do you plan on forcing visacoin to give you back the coins?
How do you plan , even if you take him in court to prove "he" owns those bitcoins now?

I would advise you to get the bitcoins back first then plan what to do with them.

[GetVisaCoin]

It would be good if he is brought to justice and we get our btc back

Yes wizzardTim, that's the plan - Justice & Compensation for the victims of VisaCoin.

What do you make of my idea to reboot NXT using the VisaCoin contributions for the genesis block?

Could someone translate my announcement post into Chinese and post it in the Chinese forum? I've had a few nibbles, but if this thing is going to work I will need some help from the Chinese crypto community.

We can catch VisaCoin!

Maintain the Rage!!

GetVisaCoin:: The Cold Steel to NXt's Gold in the POS crypto universe!

It's not a bad idea but we will need something more than that - not just a NXT clone. At least it should have some innovations / changes in features and wallets.

EDIT: maybe a percentage of our funds should be used to pay potential devs to create something better than NXT?

I totally agree!! I am not a dev, but I would prefer to create something of value, rather than a straight copy/paste of NXT. Someone will do that soon (clone NXT), and if we did it, at least our motives would be accepted as not entirely cynical. But it isn't my preferred option, but I think at the moment it is the most viable.

First catch VisaCoin, so we need to get chinese community involved ASAP. If VisaCoin gets caught it will be a chinese guy that finds him, no doubt about that.

[GetVisaCoin]

The whole debate: nxt clone , new clone , redistribute the money back to the investors should take place after you catch visacoin.

Ups , should take place after you catch visacoin and manage to get yout bitcoins back.
Sometimes , people who worship bitcoin like a god , next day , when their plans don't match their previous beliefs forget everything.

Wasn't bitcoin a tool to safe guard your wealth? One that even the government can't touch?
How do you plan on forcing visacoin to give you back the coins?
How do you plan , even if you take him in court to prove "he" owns those bitcoins now?

I would advise you to get the bitcoins back first then plan what to do with the.

If we find VisaCoin I am sure he can be 'persuaded' to return the bitcoins. I don't advocate violence, and there are other ways, but it wouldn't be up to me. Whoever claims the bounty will have used a method that they are comfortable with. I wont tell people who find him what to do. If they find him, and he wont co-operate, then they might use some coercion. That seems highly likely. But 70+ bitcoins is a lot of money in China, so getting VisaCoin to co-operate might be hard, but there is an incentive to make it happen.

I would hope the law in china can be used, and maybe VisaCoin can be prosecuted, but I know nothing of chinese legal system. Unfortunately if VisaCoin is found, he may suffer in a way that I can't control.

I hope VisaCoin thinks things over and returns the bitcoin. He knows he is at risk now. If my announcement gets translated and posted in the chinese forum, things will happen.

[stompix]

The whole debate: nxt clone , new clone , redistribute the money back to the investors should take place after you catch visacoin.

Ups , should take place after you catch visacoin and manage to get yout bitcoins back.
Sometimes , people who worship bitcoin like a god , next day , when their plans don't match their previous beliefs forget everything.

Wasn't bitcoin a tool to safe guard your wealth? One that even the government can't touch?
How do you plan on forcing visacoin to give you back the coins?
How do you plan , even if you take him in court to prove "he" owns those bitcoins now?

I would advise you to get the bitcoins back first then plan what to do with the.

If we find VisaCoin I am sure he can be 'persuaded' to return the bitcoins. I don't advocate violence, and there are other ways, but it wouldn't be up to me. Whoever claims the bounty will have used a method that they are comfortable with. I wont tell people who find him what to do. If they find him, and he wont co-operate, then they might use some coercion. That seems highly likely. But 70+ bitcoins is a lot of money in China, so getting VisaCoin to co-operate might be hard, but there is an incentive to make it happen.

I would hope the law in china can be used, and maybe VisaCoin can be prosecuted, but I know nothing of chinese legal system. Unfortunately if VisaCoin is found, he may suffer in a way that I can't control.

I hope VisaCoin thinks things over and returns the bitcoin. He knows he is at risk now. If my announcement gets translated and posted in the chinese forum, things will happen.

First , let me say that I wished a lot that I would soon see a few of the people scamming on this forum thrown in a prison somewhere in Nigeria for 20 years with something big and full of needles stick down their "something"

But , what you're saying here , promoting and asking for starts to resemble the thing (among others) that put dpr into prison.
Careful , because even what you're doing might become illegal.

[Come-from-Beyond]

If we find VisaCoin I am sure he can be 'persuaded' to return the bitcoins.

More u talk - less chances to return the bitcoins...

[GetVisaCoin]

If we find VisaCoin I am sure he can be 'persuaded' to return the bitcoins.

More u talk - less chances to return the bitcoins...

Not sure I follow your chain of thought on that one. Nobody is talking about catching VisaCoin except me (that I know of), so if I stop talking, nobody is talking, but VisaCoin is more likely to return the coins - I don't understand that logic.

He can do it any time without being 'seen'.

The more WE/EVERYONE talk, the greater the pressure, better chance VisaCoin thinks of his situation and returns the bitcoins.

If bitcoins are returned, nobody is looking for VisaCoin any more. No money for a bounty (other than my 5 bitcoins, and I'm not after revenge, so once the bitcoins are returned it's over for me).

There must be pressure sometimes for people to learn how to behave.

VisaCoin wont return anything without pressure.