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Author Topic: Bit money - scam  (Read 136 times)
marlboroza
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August 25, 2018, 08:56:36 PM
Merited by ICOEthics (2), BitNow (1), xtraelv (1), morvillz7z (1)
 #1

What happened: stolen content from another project, no team.

Scammers Profile Link: getbitmoney

Website: https://getbitmoney.us/ archived here http://archive.is/1q9AE

Announcement thread(s): [ANN][WHITEPAPER RELEASE][BIT MONEY]CRYPTO-BACKED LOANS | CREDIT CARD , FIRST EVER CRYPTO-CURRENCY 6X FASTER THAN DASH | CONFIRMATION IN JUST 1 BLOCK , [ANN] BIT MONEY | MASTERNODE | POS | LENDING | 6X FASTER THAN DASH , Bit Money

Bounty topic: [Bounty] Bit Money - Investment & Lending Platform (5% of premine coin) 4 Week


Getbitmoney released draft of their whitepaper and they posted it in their announcement thread(archived here http://archive.is/z1zL7)

Nexe.io has the same whitepaper https://nexo.io/assets/downloads/Nexo-Whitepaper.pdf

Bold parts are plagiarism and normal font is paraphrasing:

Bitmoney:
Quote
Bit Money delivers Instant Crypto-backed Loans,  So breakdown a crucial unskillfulness for the crypto world. Up to the present moment, no alternatives existed for digital asset owners to relish their crypto wealth except commercialism them. The innovative model of Bit Money brings to the crypto community the simplest of each worlds - holding 100% possession of their digital assets whereas having immediate access to money. The moment Crypto backed Loans are a unit Associate in Nursing automatic, versatile and cost-effective manner of getting liquidity that's secured by the worth of the client’s digital assets. The whole process is completed in mere a number of easy clicks.
No hidden fees, no capital gains taxes, no credit checks. Transparency is warranted through the use of blockchain technology, good contracts and recursive processes executed by the Bit Money Orion.

Nexe.io:
Quote
Nexo delivers the World’s First Instant Crypto-backed Loans, thus resolving a crucial inefficiency for the crypto world Up to this very moment, no alternatives existed for digital asset owners to enjoy their crypto wealth except selling them The innovative model of Nexo brings to the crypto community the best of both worlds - retaining 100% ownership of their digital assets while having immediate access to cash  The Instant Crypto-backed Loans are an automatic, flexible and cost-efficient way of obtaining liquidity that is secured by the value of the client’s digital assets  The whole process is completed in just a few simple clicks  No hidden fees, no capital gains taxes, no credit checks  Transparency is guaranteed through the use of blockchain technology, smart contracts and algorithmic processes executed by the Nexo Oracle

I marked red word "good", as terminology is smart contract and not good contract, as it is written in getbit's money whitepaper.
One just can't paraphrase smart contract  Roll Eyes


Bitsmoney's mission:
Quote
Over the years instant loans aren't pretty simple to urge sanctioned ,implementation of blockchain technology with instant loan machanism with bring the loan trade to a next level. We believe that the increasing digital world helps improve our lives. we'd wish to contribute by providing the blockchain based Instant Crypto-backed Loans. With Bit Money – Now you can enjoy your crypto wealth these days while not commercialism your assets!

Nexo's mission:
Quote
Over the past 10 years, we have been providing instant loans to millions of people across Europe We believe that the expanding digital world helps improve our lives  We would like to contribute by providing the World’s First Instant Crypto-backed Loans: Nexo – enjoy your crypto wealth today without selling your assets!

Bitsmoney's solutions:
Quote
Quote
Bit Money’s purchasers are able to receive money instantly any place round the globe, seize investment opportunities, and meet liquidity desires now. Whereas retreating giant amounts of money is a lot of handily done via bank transfers,Bit Money’s retail purchasers have the choice to use the free mastercard for his or her every day expenses.

Clients retain 100 percent possession of their digital assets. By creating use of Bit Money’s instant crypto loan rather than marketing, they keep the complete capital gains and incidental edges from their digital assets. Bit Money’s clients will relish their crypto wealth like a shot, while not having to sell their digital assets.

Ownership of digital assets is secured and secure by clear loan contracts, which can ultimately be hold on the Blockchain wherever it's technologically potential.

Nexo's solutions:
Quote
Nexo’s clients are able to receive cash instantly anywhere around the globe, seize investment opportunities, and meet liquidity needs immediately  While withdrawing large amounts of cash is more conveniently done via bank transfers, Nexo’s retail clients have the option to use the free credit card for their day-to-day expenses

Clients retain 100% ownership of their digital assets  By making use of Nexo’s instant crypto loan rather than selling, they keep the entire capital gains and accompanying benefits from their digital assets  Nexo’s clients can enjoy their crypto wealth immediately, without having to sell their digital assets

Ownership of digital assets is secured and guaranteed by transparent loan contracts, which will ultimately be stored on the Blockchain where it is technologically possible

Underline part, for better visibility:

bitmoney -> Whereas retreating giant amounts of money is a lot of handily
nexo       -> While withdrawing large amounts of cash is more conveniently


Hm...have I mentioned this is another lending platform?  Roll Eyes

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morvillz7z
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August 25, 2018, 09:24:17 PM
 #2

These clowns still around? Grin
marlboroza
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August 25, 2018, 10:03:57 PM
 #3

Oh, I didn't see that one.  Embarrassed Embarrassed
Google didn't give me correct search result, I figured I searched for "bitmoney scam" instead of "bit money scam".  Roll Eyes

Can you please write something on people's trust wall when you discover something like this thank you. lol.

Updating title and locking this topic.

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