Is SCHARMBECK Shutting Down?

[ahmed_bodi]

i am the previous operator of the mineworks scharmbeck pool (yes it sucked)

I can vouch for both sagefit and xodianbarr. as everyone knows i sold out and told nerdcustoms i dont wish to continue due to the situation with wdc and scharmbeck. and so it was merged with nutnut's nut2pools.
The state of WDC is a complete shambles. the current wdc devs originally focused on wdc as a general and scharmbeck was treated as a completely DIFFERENT entity. however as of the recent months it has become clear that wdc + scharmbeck are one and that without scharmbeck wdc is a failure/ UNOCS v2 . both me, sagefit, xodianbarr and numerous other people have put this to the devs with very little action taken.

The End result here is: wdc and scharmbeck is dead, move on. (You can't call people scammers for doing their job especially when things were different at that time)

All right.

I was an old WDC investor and I'm never investing again because of the professionalism shown from the current situation, but I still wouldn't call WDC dead. It still has some infrastructure. I definitely think its overvalued at 7 million $ market cap now, but I see it worth what Devcoin or Zeta are worth in the 2.5-3.5 million $ market cap range. A slow death would be painful, but a quick re-evaluation of the price could get things started again.

i do agree with you but i definitly do think wdc is dead. this the 3rd time this has happened. 1st when clint25n was the dev, then the UNOCS pnd scam. and 3rd now

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[xodianbarr]

Classic case of a professional BSer.  Just talk in circle hoping to muddle things up and hope people don't have time to pick up on the BS. 

You said you "quit" when you found out about wdcf and scambeck.  What was there to find out? scambeck was started by the very same people who appointed themselves as the principle members of the wdcf. This is not some hidden info, those guys used their positions with wdcf to promote scambeck, the info were clearly presented on their websites.  Are you suggesting that you did not know about this connection when you first pumped them?  OTOH, If you did know about this connection and you found it "unwholesome" and you did not approve of them, then why did you pump them?  If you knew that they were "unwholesome" and still worked for them, that makes you (and sagefit) scammers. 

The only way for you to get out of this stink that you created is for you to personally claim ignorance, and say that you were first unaware about the connection between scambeck and wdcf, this claim would make you the most ignorant person in the wdc universe.

BTW, for the record, you and sagefit did not "quit" scambeck, you two pumped them right to the time when the scam blew up, YOU were personally trashing people, on the trollbox, who tried to point out the problem with scambeck up until the scam blew up.  The scam finally blew up when people did the dividends calculations to show that scambeck cooked the book ( https://bitcointalk.org/index.php?topic=443111.0 ).  Their internal partnership problem conveniently appeared when their scam got ousted. You conveniently distancing yourself by claiming that you are only trying to promote wdc.  Your new spiel now is to promote yourself as trusted vanguard guardian of wdc.

That is correct.  I did quit.  I did not say I quit the very instant I found out. 

    I worked for the foundation doing PR.  Initially i was told that one of the members was working on a project.  Absolutely no details were given out about what the project was outside of those within the board (Gudmunsn, Nerdcustoms, and Beneliath).  As time went on, I was told (along with everybody else) about Sharmbeck.  It was not immediately explained what Scharmbeck was.  All there was to go from was a web page with some information about banking.  This is why i made an incorrect assumption that it was a bank and not a money transfer service. 

    When it was officially announced what Scharmbeck was I began to feel uneasy about the whole idea. I don't believe it was in the interest of Worldcoin Foundation to be directly associated with a business - let alone a money transmitter.  Scharmbeck announced it was floating shares at Crypto Stocks.  I investigated Crypto Stocks, and because of their inability to even provide a working method of registration, let alone the site looking unprofessional, I remarked in #worldcoin, that I thought Crypto Stocks was unreliable and that Scharmbeck should not be using them to float shares.  I was immediately reprimanded by the board for talking about Crypto Stocks in a negative way 'without proof'.  I blew my fuse and told them - 'The fact that the site is broken and they don't respond to emails is proof enough.  That was the final straw for me.  My inhibitions about the association between the two, and the fact that i was expected to defend Scharmbeck despite NOT working for them was enough for me to quit.  So i removed all my privileges from the channel, forum and Foundation and quit. 

  When people asked I explained that it was a 'conflict of interests' as i had no wish to start up a discussion damning Worldcoin Foundation or Scharmbeck.  I hung around in the chat for a few days after, but i felt the Scharmbeck thing so much of an issue that I had to walk away from Worldcoin, and have been away for 3 months.  I came back and within days the problems with Scharmbeck began surfacing.  Because of my love for Worldcoin (Yes I do love it) I decided to intervene.  I pushed the board members individually to step down.  Which they all in turn agreed to.  I have since gone on to to try and repair all the damage that has been caused by the past affiliation between the two. 

After reading this I hope you begin to understand how wrong you are about me.  If you have problems with anything I have just written come to #worldcoin and ask around.  I am sure that you will find that what I am saying is all true.  You are even welcome to message me, or talk to me publically about it.  You will find me open and honest.  If you forgive my anger you will appreciate that i do not take kindly to being accused of being dishonest.

BTW, for the record, you and sagefit did not "quit" scambeck, you two pumped them right to the time when the scam blew up,

I did not quit Scharmbeck.  Because I never worked for them.  I did not pump either.  Because despite your assumption that I am capable of it, I am not.  At that time I had about 1.2 BTC in total anywhere.  Hardly enough to pump anything.  Between then and now I now have a grand total of 1.32 BTC.  Still not enough to pump anything. As for what you said about Scharmbeck problem.  I seem to distinctly remember users on the 'troll box'  (it's called that for a reason BTW) deliberately trying to discredit it for no good reason.  Some people had valid points and presented them in a respectable manner (namely longandshort) who I invited to discuss it directly with the lawyer on #worldcoin.  I did not force anybody to buy into either Scharmbeck nor Worldcoin.  I merely promoted what they had to offer.  As for your opinion that I am trying to 'distance' myself from Scharmbeck, there you are wrong.  I was never close to it.  I only promoted it because it was in the best interest of Worldcoin Foundation that I do so.  As i have said previously - I promoted other services equally... I.e. Rapidballs.  I did not tell people to go gamble their money away there either. 

On a final note.  You keep relating to Scharmbeck as being a scam.  What makes you think it is a scam?  All I have seen is that it is a legitimate business that has had major internal problems resulting in legal dispute.  It has made no official announcement about it's intent to close.  From my understanding there is no reason to believe it is a scam.  Perhaps it is.  If i said what I thought about it - it would be speculation only. 

regards,

Xodianbarr

[kdrop]

i am the previous operator of the mineworks scharmbeck pool (yes it sucked)

I can vouch for both sagefit and xodianbarr. as everyone knows i sold out and told nerdcustoms i dont wish to continue due to the situation with wdc and scharmbeck. and so it was merged with nutnut's nut2pools.
The state of WDC is a complete shambles. the current wdc devs originally focused on wdc as a general and scharmbeck was treated as a completely DIFFERENT entity. however as of the recent months it has become clear that wdc + scharmbeck are one and that without scharmbeck wdc is a failure/ UNOCS v2 . both me, sagefit, xodianbarr and numerous other people have put this to the devs with very little action taken.

The End result here is: wdc and scharmbeck is dead, move on. (You can't call people scammers for doing their job especially when things were different at that time)

For WDC its a coin, it dies no big deal. As for Scharmbeck, no one would have cared if it died if they didn't crowdfund half a million dollars at cryptostocks and pretending to be legit al the time.

If they claim its not a scam they should buy back all their shares at least with whatever BTC they have left. Or wait, let me guess, they burned $0.5M in 2 months?

[Jeezy911]

Lets just say possible legal action is pending against scharmbeck, and its yet to be determined if wdc foundation can be held accountable.

[ahmed_bodi]

i am the previous operator of the mineworks scharmbeck pool (yes it sucked)

I can vouch for both sagefit and xodianbarr. as everyone knows i sold out and told nerdcustoms i dont wish to continue due to the situation with wdc and scharmbeck. and so it was merged with nutnut's nut2pools.
The state of WDC is a complete shambles. the current wdc devs originally focused on wdc as a general and scharmbeck was treated as a completely DIFFERENT entity. however as of the recent months it has become clear that wdc + scharmbeck are one and that without scharmbeck wdc is a failure/ UNOCS v2 . both me, sagefit, xodianbarr and numerous other people have put this to the devs with very little action taken.

The End result here is: wdc and scharmbeck is dead, move on. (You can't call people scammers for doing their job especially when things were different at that time)

For WDC its a coin, it dies no big deal. As for Scharmbeck, no one would have cared if it died if they didn't crowdfund half a million dollars at cryptostocks and pretending to be legit al the time.

If they claim its not a scam they should buy back all their shares at least with whatever BTC they have left. Or wait, let me guess, they burned $0.5M in 2 months?

i disagree a coin dying can mean people lose a lot (the bagholders) i personally did with mincoin and hypercoin.

[xodianbarr]

Lets just say possible legal action is pending against scharmbeck, and its yet to be determined if wdc foundation can be held accountable.

As I have recently discovered - Worldcoin Foundation is owned by Doug Gilmore lol.  I laugh because if there is any it will fall on his doorstep.  But i shouldn't but that means Worldcoin suffers. 

~ Xodianbarr ~

[thejepper]

Lets just say possible legal action is pending against scharmbeck, and its yet to be determined if wdc foundation can be held accountable.

Do you know on what exact charges?

[btcgoods]

How hard is it to give an announcement! People invested a lot of BTC because they thought this was a WDC project (there wasn't much stating otherwise) and that backing would make it a good long term investment.  This is really disheartening. I hope we get some info soon, this is getting crazy. 

[JakeThePanda]

I was lucky enough to sell my Scharmbeck shares (SBFS) and my WDC before the news. From my own experience in the financial markets I noticed that many times price direction is truth.  When SBFS opened to anyone interested and the price of WDC didn't even have one decent spike up I knew that something funny was going on.  Insiders or people with a lot of coins were dumping any chance they got keeping the price down.  The price direction often tells the story before it's leaked.

[moriartypants]

Lucky you.   Just before scharmbeck crashed I needed some liquid bitcoin and I chose to sell my cryptsy shares instead of scharmbeck. . . 

Ugh.  Still angry about it.

[StewartJ]

Worldcoin is a classic premine coin that was hyper marketed and pumped and dumped.

I remember doing research a few months ago on Sharmbeck when Worldcoin community announced that exchange.
I googled it and found just one tiny little press release. It seemed so sparse, no substance. Red flags everywhere.

Any alt coin that is premined like Worldcoin, Quark, Zeta, Earth, etc pretty much follows the same development:

- Devs create a coin for which they own a substantial amount in premine / instamine.
- Miners mine coin in hope of quick, short term profit, in collaboration with Dev
- Noobs buy premine coin from Devs and Miners on a sell thread at outrageous prices
- Coin is hyped, with giveaways, pretty logo, phony innovation, pumping the value
- Coin is added to an exchange, invariably Cryptsy
- More Noobs fall for hype and buy coins on exchange
- Devs, Miners and Early Adopters dump coin for immediate profit
- Noob looks down sadly at bags of worthless premined coins
- Rinse and Repeat.

To all the Devs and Miners who enjoy doing this: congratulations on all your scamming, you have all done very well.

[lonesoul]

Classic case of a professional BSer.  Just talk in circle hoping to muddle things up and hope people don't have time to pick up on the BS. 

You said you "quit" when you found out about wdcf and scambeck.  What was there to find out? scambeck was started by the very same people who appointed themselves as the principle members of the wdcf. This is not some hidden info, those guys used their positions with wdcf to promote scambeck, the info were clearly presented on their websites.  Are you suggesting that you did not know about this connection when you first pumped them?  OTOH, If you did know about this connection and you found it "unwholesome" and you did not approve of them, then why did you pump them?  If you knew that they were "unwholesome" and still worked for them, that makes you (and sagefit) scammers. 

The only way for you to get out of this stink that you created is for you to personally claim ignorance, and say that you were first unaware about the connection between scambeck and wdcf, this claim would make you the most ignorant person in the wdc universe.

BTW, for the record, you and sagefit did not "quit" scambeck, you two pumped them right to the time when the scam blew up, YOU were personally trashing people, on the trollbox, who tried to point out the problem with scambeck up until the scam blew up.  The scam finally blew up when people did the dividends calculations to show that scambeck cooked the book ( https://bitcointalk.org/index.php?topic=443111.0 ).  Their internal partnership problem conveniently appeared when their scam got ousted. You conveniently distancing yourself by claiming that you are only trying to promote wdc.  Your new spiel now is to promote yourself as trusted vanguard guardian of wdc.

That is correct.  I did quit.  I did not say I quit the very instant I found out. 

    I worked for the foundation doing PR.  Initially i was told that one of the members was working on a project.  Absolutely no details were given out about what the project was outside of those within the board (Gudmunsn, Nerdcustoms, and Beneliath).  As time went on, I was told (along with everybody else) about Sharmbeck.  It was not immediately explained what Scharmbeck was.  All there was to go from was a web page with some information about banking.  This is why i made an incorrect assumption that it was a bank and not a money transfer service. 

    When it was officially announced what Scharmbeck was I began to feel uneasy about the whole idea. I don't believe it was in the interest of Worldcoin Foundation to be directly associated with a business - let alone a money transmitter.  Scharmbeck announced it was floating shares at Crypto Stocks.  I investigated Crypto Stocks, and because of their inability to even provide a working method of registration, let alone the site looking unprofessional, I remarked in #worldcoin, that I thought Crypto Stocks was unreliable and that Scharmbeck should not be using them to float shares.  I was immediately reprimanded by the board for talking about Crypto Stocks in a negative way 'without proof'.  I blew my fuse and told them - 'The fact that the site is broken and they don't respond to emails is proof enough.  That was the final straw for me.  My inhibitions about the association between the two, and the fact that i was expected to defend Scharmbeck despite NOT working for them was enough for me to quit.  So i removed all my privileges from the channel, forum and Foundation and quit. 

  When people asked I explained that it was a 'conflict of interests' as i had no wish to start up a discussion damning Worldcoin Foundation or Scharmbeck.  I hung around in the chat for a few days after, but i felt the Scharmbeck thing so much of an issue that I had to walk away from Worldcoin, and have been away for 3 months.  I came back and within days the problems with Scharmbeck began surfacing.  Because of my love for Worldcoin (Yes I do love it) I decided to intervene.  I pushed the board members individually to step down.  Which they all in turn agreed to.  I have since gone on to to try and repair all the damage that has been caused by the past affiliation between the two. 

After reading this I hope you begin to understand how wrong you are about me.  If you have problems with anything I have just written come to #worldcoin and ask around.  I am sure that you will find that what I am saying is all true.  You are even welcome to message me, or talk to me publically about it.  You will find me open and honest.  If you forgive my anger you will appreciate that i do not take kindly to being accused of being dishonest.

BTW, for the record, you and sagefit did not "quit" scambeck, you two pumped them right to the time when the scam blew up,

I did not quit Scharmbeck.  Because I never worked for them.  I did not pump either.  Because despite your assumption that I am capable of it, I am not.  At that time I had about 1.2 BTC in total anywhere.  Hardly enough to pump anything.  Between then and now I now have a grand total of 1.32 BTC.  Still not enough to pump anything. As for what you said about Scharmbeck problem.  I seem to distinctly remember users on the 'troll box'  (it's called that for a reason BTW) deliberately trying to discredit it for no good reason.  Some people had valid points and presented them in a respectable manner (namely longandshort) who I invited to discuss it directly with the lawyer on #worldcoin.  I did not force anybody to buy into either Scharmbeck nor Worldcoin.  I merely promoted what they had to offer.  As for your opinion that I am trying to 'distance' myself from Scharmbeck, there you are wrong.  I was never close to it.  I only promoted it because it was in the best interest of Worldcoin Foundation that I do so.  As i have said previously - I promoted other services equally... I.e. Rapidballs.  I did not tell people to go gamble their money away there either. 

On a final note.  You keep relating to Scharmbeck as being a scam.  What makes you think it is a scam?  All I have seen is that it is a legitimate business that has had major internal problems resulting in legal dispute.  It has made no official announcement about it's intent to close.  From my understanding there is no reason to believe it is a scam.  Perhaps it is.  If i said what I thought about it - it would be speculation only. 

regards,

Xodianbarr

Well if it ended up in a court case, and that was your arguement against all the critics in this thread - and i was on the jury - I'm fairly sure i would find you Not-guilty!   

but on the charge of making easily readable posts! guilty! guilty! guilty!

the way you have described things are too well laid out and concise for them to be false in my opinion (I know my opinion counts for nowt, but I thought i'd show my support anyway - Also im not entirely sure what Anger you referred too though, your post seemed to come across as level headed - not hot headed)



Also just a quick question (as my memory sucks) but weren't there 2 other coins that were involved in the early stages? or was that another major feature that im getting confused with? after all if someone is getting bashed unfairly, surely everyone that was involved should be getting unfairly bashed (on an equal scale!) 


just my thoughts :-)

[Zzzack]

Worldcoin is a classic premine coin that was hyper marketed and pumped and dumped.

I remember doing research a few months ago on Sharmbeck when Worldcoin community announced that exchange.
I googled it and found just one tiny little press release. It seemed so sparse, no substance. Red flags everywhere.

Any alt coin that is premined like Worldcoin, Quark, Zeta, Earth, etc pretty much follows the same development:

- Devs create a coin for which they own a substantial amount in premine / instamine.
- Miners mine coin in hope of quick, short term profit, in collaborative scamming with Dev
- Noobs buy premine coin from Devs and Miners on a sell thread at outrageous prices
- Coin is hyped, with giveaways, pretty logo, phony innovation, pumping the value
- Coin is added to an exchange, invariably Cryptsy
- More Noobs fall for hype and buy coins on exchange
- Devs, Miners and Early Adopters dump coin for immediate profit
- Noob looks down sadly at bags of worthless premined coins
- Rinse and Repeat.

To all the Devs and Miners who enjoy doing this: congratulations on all your scamming, you have all done very well.

You're retarded if you don't know what premine means. I don't know about all of the coins you listed, but I was on bitcointalk at least when Quark came out and it was announced the first day mining was possible... I hate misinformation when we are using REAL money, and there is a ton of misinformation on WDC, Quark, Namecoin, FTC that it drives me nuts.

[ahmed_bodi]

Classic case of a professional BSer.  Just talk in circle hoping to muddle things up and hope people don't have time to pick up on the BS. 

You said you "quit" when you found out about wdcf and scambeck.  What was there to find out? scambeck was started by the very same people who appointed themselves as the principle members of the wdcf. This is not some hidden info, those guys used their positions with wdcf to promote scambeck, the info were clearly presented on their websites.  Are you suggesting that you did not know about this connection when you first pumped them?  OTOH, If you did know about this connection and you found it "unwholesome" and you did not approve of them, then why did you pump them?  If you knew that they were "unwholesome" and still worked for them, that makes you (and sagefit) scammers. 

The only way for you to get out of this stink that you created is for you to personally claim ignorance, and say that you were first unaware about the connection between scambeck and wdcf, this claim would make you the most ignorant person in the wdc universe.

BTW, for the record, you and sagefit did not "quit" scambeck, you two pumped them right to the time when the scam blew up, YOU were personally trashing people, on the trollbox, who tried to point out the problem with scambeck up until the scam blew up.  The scam finally blew up when people did the dividends calculations to show that scambeck cooked the book ( https://bitcointalk.org/index.php?topic=443111.0 ).  Their internal partnership problem conveniently appeared when their scam got ousted. You conveniently distancing yourself by claiming that you are only trying to promote wdc.  Your new spiel now is to promote yourself as trusted vanguard guardian of wdc.

That is correct.  I did quit.  I did not say I quit the very instant I found out. 

    I worked for the foundation doing PR.  Initially i was told that one of the members was working on a project.  Absolutely no details were given out about what the project was outside of those within the board (Gudmunsn, Nerdcustoms, and Beneliath).  As time went on, I was told (along with everybody else) about Sharmbeck.  It was not immediately explained what Scharmbeck was.  All there was to go from was a web page with some information about banking.  This is why i made an incorrect assumption that it was a bank and not a money transfer service. 

    When it was officially announced what Scharmbeck was I began to feel uneasy about the whole idea. I don't believe it was in the interest of Worldcoin Foundation to be directly associated with a business - let alone a money transmitter.  Scharmbeck announced it was floating shares at Crypto Stocks.  I investigated Crypto Stocks, and because of their inability to even provide a working method of registration, let alone the site looking unprofessional, I remarked in #worldcoin, that I thought Crypto Stocks was unreliable and that Scharmbeck should not be using them to float shares.  I was immediately reprimanded by the board for talking about Crypto Stocks in a negative way 'without proof'.  I blew my fuse and told them - 'The fact that the site is broken and they don't respond to emails is proof enough.  That was the final straw for me.  My inhibitions about the association between the two, and the fact that i was expected to defend Scharmbeck despite NOT working for them was enough for me to quit.  So i removed all my privileges from the channel, forum and Foundation and quit. 

  When people asked I explained that it was a 'conflict of interests' as i had no wish to start up a discussion damning Worldcoin Foundation or Scharmbeck.  I hung around in the chat for a few days after, but i felt the Scharmbeck thing so much of an issue that I had to walk away from Worldcoin, and have been away for 3 months.  I came back and within days the problems with Scharmbeck began surfacing.  Because of my love for Worldcoin (Yes I do love it) I decided to intervene.  I pushed the board members individually to step down.  Which they all in turn agreed to.  I have since gone on to to try and repair all the damage that has been caused by the past affiliation between the two. 

After reading this I hope you begin to understand how wrong you are about me.  If you have problems with anything I have just written come to #worldcoin and ask around.  I am sure that you will find that what I am saying is all true.  You are even welcome to message me, or talk to me publically about it.  You will find me open and honest.  If you forgive my anger you will appreciate that i do not take kindly to being accused of being dishonest.

BTW, for the record, you and sagefit did not "quit" scambeck, you two pumped them right to the time when the scam blew up,

I did not quit Scharmbeck.  Because I never worked for them.  I did not pump either.  Because despite your assumption that I am capable of it, I am not.  At that time I had about 1.2 BTC in total anywhere.  Hardly enough to pump anything.  Between then and now I now have a grand total of 1.32 BTC.  Still not enough to pump anything. As for what you said about Scharmbeck problem.  I seem to distinctly remember users on the 'troll box'  (it's called that for a reason BTW) deliberately trying to discredit it for no good reason.  Some people had valid points and presented them in a respectable manner (namely longandshort) who I invited to discuss it directly with the lawyer on #worldcoin.  I did not force anybody to buy into either Scharmbeck nor Worldcoin.  I merely promoted what they had to offer.  As for your opinion that I am trying to 'distance' myself from Scharmbeck, there you are wrong.  I was never close to it.  I only promoted it because it was in the best interest of Worldcoin Foundation that I do so.  As i have said previously - I promoted other services equally... I.e. Rapidballs.  I did not tell people to go gamble their money away there either. 

On a final note.  You keep relating to Scharmbeck as being a scam.  What makes you think it is a scam?  All I have seen is that it is a legitimate business that has had major internal problems resulting in legal dispute.  It has made no official announcement about it's intent to close.  From my understanding there is no reason to believe it is a scam.  Perhaps it is.  If i said what I thought about it - it would be speculation only. 

regards,

Xodianbarr

Well if it ended up in a court case, and that was your arguement against all the critics in this thread - and i was on the jury - I'm fairly sure i would find you Not-guilty!   

but on the charge of making easily readable posts! guilty! guilty! guilty!

the way you have described things are too well laid out and concise for them to be false in my opinion (I know my opinion counts for nowt, but I thought i'd show my support anyway - Also im not entirely sure what Anger you referred too though, your post seemed to come across as level headed - not hot headed)



Also just a quick question (as my memory sucks) but weren't there 2 other coins that were involved in the early stages? or was that another major feature that im getting confused with? after all if someone is getting bashed unfairly, surely everyone that was involved should be getting unfairly bashed (on an equal scale!) 


just my thoughts :-)

Correct WDC was involved in the UNOCS pnd scam with FTC (feathercon)and PXC (phenixcon) pun intended .

[JakeThePanda]

Is Scharmbeck back up?  I don't see the warning anymore.

[MaGNeT]

Classic case of a professional BSer.  Just talk in circle hoping to muddle things up and hope people don't have time to pick up on the BS.  

You said you "quit" when you found out about wdcf and scambeck.  What was there to find out? scambeck was started by the very same people who appointed themselves as the principle members of the wdcf. This is not some hidden info, those guys used their positions with wdcf to promote scambeck, the info were clearly presented on their websites.  Are you suggesting that you did not know about this connection when you first pumped them?  OTOH, If you did know about this connection and you found it "unwholesome" and you did not approve of them, then why did you pump them?  If you knew that they were "unwholesome" and still worked for them, that makes you (and sagefit) scammers.  

The only way for you to get out of this stink that you created is for you to personally claim ignorance, and say that you were first unaware about the connection between scambeck and wdcf, this claim would make you the most ignorant person in the wdc universe.

BTW, for the record, you and sagefit did not "quit" scambeck, you two pumped them right to the time when the scam blew up, YOU were personally trashing people, on the trollbox, who tried to point out the problem with scambeck up until the scam blew up.  The scam finally blew up when people did the dividends calculations to show that scambeck cooked the book ( https://bitcointalk.org/index.php?topic=443111.0 ).  Their internal partnership problem conveniently appeared when their scam got ousted. You conveniently distancing yourself by claiming that you are only trying to promote wdc.  Your new spiel now is to promote yourself as trusted vanguard guardian of wdc.

That is correct.  I did quit.  I did not say I quit the very instant I found out.  

    I worked for the foundation doing PR.  Initially i was told that one of the members was working on a project.  Absolutely no details were given out about what the project was outside of those within the board (Gudmunsn, Nerdcustoms, and Beneliath).  As time went on, I was told (along with everybody else) about Sharmbeck.  It was not immediately explained what Scharmbeck was.  All there was to go from was a web page with some information about banking.  This is why i made an incorrect assumption that it was a bank and not a money transfer service.  

    When it was officially announced what Scharmbeck was I began to feel uneasy about the whole idea. I don't believe it was in the interest of Worldcoin Foundation to be directly associated with a business - let alone a money transmitter.  Scharmbeck announced it was floating shares at Crypto Stocks.  I investigated Crypto Stocks, and because of their inability to even provide a working method of registration, let alone the site looking unprofessional, I remarked in #worldcoin, that I thought Crypto Stocks was unreliable and that Scharmbeck should not be using them to float shares.  I was immediately reprimanded by the board for talking about Crypto Stocks in a negative way 'without proof'.  I blew my fuse and told them - 'The fact that the site is broken and they don't respond to emails is proof enough.  That was the final straw for me.  My inhibitions about the association between the two, and the fact that i was expected to defend Scharmbeck despite NOT working for them was enough for me to quit.  So i removed all my privileges from the channel, forum and Foundation and quit.  

  When people asked I explained that it was a 'conflict of interests' as i had no wish to start up a discussion damning Worldcoin Foundation or Scharmbeck.  I hung around in the chat for a few days after, but i felt the Scharmbeck thing so much of an issue that I had to walk away from Worldcoin, and have been away for 3 months.  I came back and within days the problems with Scharmbeck began surfacing.  Because of my love for Worldcoin (Yes I do love it) I decided to intervene.  I pushed the board members individually to step down.  Which they all in turn agreed to.  I have since gone on to to try and repair all the damage that has been caused by the past affiliation between the two.  

After reading this I hope you begin to understand how wrong you are about me.  If you have problems with anything I have just written come to #worldcoin and ask around.  I am sure that you will find that what I am saying is all true.  You are even welcome to message me, or talk to me publically about it.  You will find me open and honest.  If you forgive my anger you will appreciate that i do not take kindly to being accused of being dishonest.

BTW, for the record, you and sagefit did not "quit" scambeck, you two pumped them right to the time when the scam blew up,

I did not quit Scharmbeck.  Because I never worked for them.  I did not pump either.  Because despite your assumption that I am capable of it, I am not.  At that time I had about 1.2 BTC in total anywhere.  Hardly enough to pump anything.  Between then and now I now have a grand total of 1.32 BTC.  Still not enough to pump anything. As for what you said about Scharmbeck problem.  I seem to distinctly remember users on the 'troll box'  (it's called that for a reason BTW) deliberately trying to discredit it for no good reason.  Some people had valid points and presented them in a respectable manner (namely longandshort) who I invited to discuss it directly with the lawyer on #worldcoin.  I did not force anybody to buy into either Scharmbeck nor Worldcoin.  I merely promoted what they had to offer.  As for your opinion that I am trying to 'distance' myself from Scharmbeck, there you are wrong.  I was never close to it.  I only promoted it because it was in the best interest of Worldcoin Foundation that I do so.  As i have said previously - I promoted other services equally... I.e. Rapidballs.  I did not tell people to go gamble their money away there either.  

On a final note.  You keep relating to Scharmbeck as being a scam.  What makes you think it is a scam?  All I have seen is that it is a legitimate business that has had major internal problems resulting in legal dispute.  It has made no official announcement about it's intent to close.  From my understanding there is no reason to believe it is a scam.  Perhaps it is.  If i said what I thought about it - it would be speculation only.  

regards,

Xodianbarr

Well if it ended up in a court case, and that was your arguement against all the critics in this thread - and i was on the jury - I'm fairly sure i would find you Not-guilty!  

but on the charge of making easily readable posts! guilty! guilty! guilty!

the way you have described things are too well laid out and concise for them to be false in my opinion (I know my opinion counts for nowt, but I thought i'd show my support anyway - Also im not entirely sure what Anger you referred too though, your post seemed to come across as level headed - not hot headed)



Also just a quick question (as my memory sucks) but weren't there 2 other coins that were involved in the early stages? or was that another major feature that im getting confused with? after all if someone is getting bashed unfairly, surely everyone that was involved should be getting unfairly bashed (on an equal scale!)  


just my thoughts :-)

Correct WDC was involved in the UNOCS pnd scam with FTC (feathercon)and PXC (phenixcon) pun intended .

I was on the PXC promotion team when UNOCS failed to launch. It was the fault of the PXC dev (Michael Burns / Iamatrix), the same one that created PhenixEx (another scam).


FTC and WDC are not to blame for it.

[ahmed_bodi]

FTC and WDC are to blame for it. if they did not do their research more shame on them

[moriartypants]

Anybody have a relevant transcript?

[StewartJ]

Worldcoin is a classic premine coin that was hyper marketed and pumped and dumped.

I remember doing research a few months ago on Sharmbeck when Worldcoin community announced that exchange.
I googled it and found just one tiny little press release. It seemed so sparse, no substance. Red flags everywhere.

Any alt coin that is premined like Worldcoin, Quark, Zeta, Earth, etc pretty much follows the same development:

- Devs create a coin for which they own a substantial amount in premine / instamine.
- Miners mine coin in hope of quick, short term profit, in collaborative scamming with Dev
- Noobs buy premine coin from Devs and Miners on a sell thread at outrageous prices
- Coin is hyped, with giveaways, pretty logo, phony innovation, pumping the value
- Coin is added to an exchange, invariably Cryptsy
- More Noobs fall for hype and buy coins on exchange
- Devs, Miners and Early Adopters dump coin for immediate profit
- Noob looks down sadly at bags of worthless premined coins
- Rinse and Repeat.

To all the Devs and Miners who enjoy doing this: congratulations on all your scamming, you have all done very well.

You're retarded if you don't know what premine means. I don't know about all of the coins you listed, but I was on bitcointalk at least when Quark came out and it was announced the first day mining was possible... I hate misinformation when we are using REAL money, and there is a ton of misinformation on WDC, Quark, Namecoin, FTC that it drives me nuts.

Sorry to chime in on your reality, but quark is readily acknowledged as front loaded premined pump and dump coin.

Take a look see:
https://bitcointalk.org/index.php?topic=361286.40

Do you think that 250 million plus Quark coins will ever be used for anything, even a dice game?

But if you are invested in it and it makes you happy, who am I to judge?

[tokyoghetto]

Quark is a instamine, premine scam.

Worldcoin is officially shit. I mined it, I bought in at all time highs thinking it was going to break $1. lucky for me I dumped it all at 40000 satoshis.

Overall WDC has been a pretty successful scam, its time for this old horse to die a horrible death.