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

[GetVisaCoin]

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.

I have thought a lot about that issue.

I am trying to organise for a freelance private investigator in china to find a guy. If he finds the guy and persuades him to return the bitcoins to a trusted third party, the private investigator gets paid half of the bitcoins, and VisaCoin goes back to his life.

If someone can show me how that is illegal then I would stop GetVisaCoin immediately. I'm not a suicide bomber.

But I am worried about the growth of scammers now. They can easily destroy the reputation for all crypto currencies, and nobody else is doing anything, so scam deterrence is zero.

Does anybody think it's worth going to the police? Where? China?

This is the situation - massive incentives to scam with no deterrent at all, and little chance of consequences. GetVisaCoin is an attempt to do something.

It's up to the private investigator to decide how best to achieve the objective. I'm not a mirco manager, and I don't like violence at all.

[stompix]

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.

I have thought a lot about that issue.

I am trying to organise for a freelance private investigator in china to find a guy. If he finds the guy and persuades him to return the bitcoins to a trusted third party, the private investigator gets paid half of the bitcoins, and VisaCoin goes back to his life.

If someone can show me how that is illegal then I would stop GetVisaCoin immediately. I'm not a suicide bomber.

But I am worried about the growth of scammers now. They can easily destroy the reputation for all crypto currencies, and nobody else is doing anything, so scam deterrence is zero.

Does anybody think it's worth going to the police? Where? China?

This is the situation - massive incentives to scam with no deterrent at all, and little chance of consequences. GetVisaCoin is an attempt to do something.

It's up to the private investigator to decide how best to achieve the objective. I'm not a mirco manager, and I don't like violence at all.

This is the shitty real world , where it's easy to break the law, but when you have to be brought to justice , the police have to follow the law in order to get you or you walk free.
I have the feeling that the more human rights and laws designed for people we add up, the more we protect criminals and risk the lives and wealth of normal citizens.

[Hazard]

Visacoin was the most obvious and transparent scam this forum has ever seen. You deserve everything you got if you "invested"

[GetVisaCoin]

Visacoin was the most obvious and transparent scam this forum has ever seen. You deserve everything you got if you "invested"

I did not invest in VisaCoin. I did invest in NXT and I made a lot of money.

You said NXT was a scam (Yawn!). You were wrong. https://bitcointalk.org/index.php?topic=313082.msg3358378#msg3358378

If you always say scam sometimes you will be correct, and sometimes you will look like foolish, just like the VisaCoin victims

The landscape is confusing. I'm trying to make things more clear - scam deterrence is a worthwhile endeavor.

[OOO]

....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.

I applaud this vigilante/investigator approach and support it. You have taken initiative - well done.

[GetVisaCoin]

....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.

I applaud this vigilante/investigator approach and support it. You have taken initiative - well done.

Thank you so much for expressing your support!! It is a worthwhile effort, and I believe in the power of community action. We can still be fair and reasonable with VisaCoin, but we should try and catch those who cross over the line of acceptable behaviour in our community.

I need help getting this thread translated and posted in the Chinese thread. Can a Chinese speaker help me?

[upekha]

allright^^ lets see where this is going!

nxt clones are the future!

[wiseye]

Thank you for your efforts in the hope that it can succeed

[FrictionlessCoin]

NEX distribution to be fair to all will be merit based.

You automatically get a percentage of NEX if you show interest.

You get a percentage every time you contribute to NEX.

For the Nxt users who feel disenfranchised,  we will allocate 5% of NEX that they can purchase in exchange for NXT.  We will offer a steep discount of 1 NXT for 50 NEX.   5% of NEX is 50 million coins, this is a hard limit.  Nxt Coin holders are limited to 500,000 NEX per user.   The offer ends when NEX is distributed or the 5% is exhausted.   Nxt owners... this is your opportunity to become an early adopter. 

We will also allocate 1% for VISACOIN investors who lost their money.  This requires verification only that they sent BTC to the VISACOIN BTC donation address.  This is given freely.

https://bitcointalk.org/index.php?topic=422052.0

[opticalcarrier]

NEX distribution to be fair to all will be merit based.

You automatically get a percentage of NEX if you show interest.

You get a percentage every time you contribute to NEX.

For the Nxt users who feel disenfranchised,  we will allocate 5% of NEX that they can purchase in exchange for NXT.  We will offer a steep discount of 1 NXT for 50 NEX.   5% of NEX is 50 million coins, this is a hard limit.  Nxt Coin holders are limited to 500,000 NEX per user.   The offer ends when NEX is distributed or the 5% is exhausted.   Nxt owners... this is your opportunity to become an early adopter. 

We will also allocate 1% for VISACOIN investors who lost their money.  This requires verification only that they sent BTC to the VISACOIN BTC donation address.  This is given freely.

https://bitcointalk.org/index.php?topic=422052.0

how does someone go about proving they sent to BTC to visacoin?  couldnt everyone claim any transaction?  or is there some way to prove a transaction was yours?

[FrictionlessCoin]

NEX distribution to be fair to all will be merit based.

You automatically get a percentage of NEX if you show interest.

You get a percentage every time you contribute to NEX.

For the Nxt users who feel disenfranchised,  we will allocate 5% of NEX that they can purchase in exchange for NXT.  We will offer a steep discount of 1 NXT for 50 NEX.   5% of NEX is 50 million coins, this is a hard limit.  Nxt Coin holders are limited to 500,000 NEX per user.   The offer ends when NEX is distributed or the 5% is exhausted.   Nxt owners... this is your opportunity to become an early adopter. 

We will also allocate 1% for VISACOIN investors who lost their money.  This requires verification only that they sent BTC to the VISACOIN BTC donation address.  This is given freely.

https://bitcointalk.org/index.php?topic=422052.0

how does someone go about proving they sent to BTC to visacoin?  couldnt everyone claim any transaction?  or is there some way to prove a transaction was yours?

You have the VISACOIN address right?

Just let us know which transaction is yours that you sent to the address (use blockchain.info) and we will reward you with appropriate NEX coins.   In cases of dispute,  we can always request the disputing party a secret amount that they can send to us.   In otherwords, we can ask you to send .000023 BTC and the disputing party we ask to send .000077.  We will know then who holds the address.   

So head over to the NEX thread and reserve your NEX coins!

[homerzhu]

i'm interested

[GetVisaCoin]

We will also allocate 1% for VISACOIN investors who lost their money.  This requires verification only that they sent BTC to the VISACOIN BTC donation address.  This is given freely.

I must congratulate FrictionlessCoin on this proposal to use part of the NEX genesis block distribution to compensate the VisaCoin victims!!

I would say that the other side of the 'coin' for GetVisaCoin is sending a message of deterrence to future scammers, so my hunt for VisaCoin will continue.

This proposal does not alter my plan to offer the stolen bitcoins as a bounty (plus my 5 bitcoins) to an honest hacker in China to catch VisaCoin, but maybe I'm out of the NXT cloning business now.

If the VisaCoin victims are compensated elsewhere, then maybe the bounty hunter looking for VisaCoin can have the full 130 bitcoins, plus my 5.

Hopefully other NXT clone developers will consider offering something similar (I'm not going to discourage a bidding war either!).

Thanks again FrictionlessCoin!

[GetVisaCoin]

Compensating the VisaCoin victims is one thing!

Catching VisaCoin is another!!

The hunt is on!!

Now we can offer the bounty hunter who locates VisaCoin 135 bitcoin (the stolen 130 plus my 5).

Can somebody post my original announcement in the Chinese forum?

VisaCoin, know that we will not rest just because others in the community may compensate YOUR victims.

[goldenmail]

support!

[bluedude]

support!

+1

[MsCollec]

Thanks FrictionlessCoin, i already sent you my TX ID.

[wiseye]

The signature can prove who is the address owner.
Sign on txid by the address owner to prove.

[candelone]

I support your project. I lost 2BTC by the VisaCoin scam...

[FrictionlessCoin]

Folks,

Could someone come up with a master list of all the users who got scammed by VisaCoin?

I have a ton of emails from VisaCoin folks and am having a difficult time managing all the names.

Thanks,

FrictionlessCoin