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Author Topic: Spectre Security Coin is a scam and impersonating an established project  (Read 150 times)
mandica (OP)
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October 22, 2018, 06:13:00 AM
 #1

A new thread and coin appeared: https://bitcointalk.org/index.php?topic=5054438.0

They call themselves Spectre Security Coin, SPECTRE for short and their Twitter name is 'SpectreCoin' and they want to use the ticker 'XSPC'.

They are simply trying to impersonate an established project, Spectrecoin (https://spectreproject.io). Spectrecoin has been using SPECTRE for short since 2016 and are using the ticker 'XSPEC'. It is clear that when they want to use the ticker 'XSPC' and the same name as the real Spectrecoin / SPECTRE to sell masternodes it must be considered a possible scam. Why would a serious project use near identical identifiers as a long established project? To cause confusion in order to sell their masternodes.

Compare and make up your own mind:

The REAL established project:
Name: Spectrecoin (short SPECTRE)
Ticker: XSPEC
Purpose: Serious privacy coin with long term active development
GitHub: https://github.com/spectrecoin/spectre

The impersonating project:
Name: SpectreSecurityCoin (short SPECTRE), Twitter name: SpectreCoin (only difference a capital C)
Ticker: XSPC
Purpose: selling masternodes
GitHub: 404 error

IMO https://bitcointalk.org/index.php?topic=5054438.0 - SpectreSecurityCoin is a scam attempt and a clear rip-off of name and ticker to cause confusion.
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lovesmayfamilis
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October 22, 2018, 07:46:39 AM
 #2

I archived

www.spectresecurity.io/
https://web.archive.org/web/20181022074228/https://www.spectresecurity.io/

https://bitcointalk.org/index.php?topic=5054438.0
https://web.archive.org/web/20181022074013/https://bitcointalk.org/index.php?topic=5054438




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CleanCutKid
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October 22, 2018, 01:25:08 PM
 #3

I agree with the above, the so called team behind Spectre Security Coin have used a good coin details on purpose. There are too many similarities for that to be random. I agree that it has to be a scam.
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October 22, 2018, 02:59:10 PM
Last edit: October 22, 2018, 03:28:46 PM by Blobboy
 #4

names are completely different. i fail to see how this is a scam. i have left the user who left this a negative trust rating for false accusations on the premise that they dont want another coin with a "similar" name.

both coins have different names and different tickers.

this kind of accusation is unprofessional. and if this causes the coin to be a scam. then bitcoin cash and bitcoin diamond should rename their coins. cause of "similarity's" in the name and tickers.

the user instead of having a civil conversation. immediately calls them out to be a scam when they have no affiliation with each other.

i can see that trust rating going down hill from the way mandica has unprofessionally called out a project a scam.

projects sell masternodes to get listed on exchanges. thats not the coins purpose but it is your opinion on what the coins purpose is instead.

on their whitepaper which i couldnt find one for XSPEC found XSPECS "Ghost Paper" however from reading both whitepapers there is a clear difference. nothing was copied. and has ideas that XSPEC doesnt

but for XSPC
Code:
What is the Spectre Security Coin Platform?

Spectre Security Coin wants to bridge the gap between the crypto community and the security professionals. By streamlining the process of contacting developers, determining the coin traits, and performing the steps of creating a coin, we can help set a better standard of the coin platforms we are working with.
Who is it for?
1. Those who want a Service or Product
2. Security Researchers/Professionals that are interested in cryptocurrency
3. Crypto traders and investors
4. Those who have the desire to explore the crypto-currency world

How will it Work?
Spectre Security Coin will focus on two key aspects of the cryptocurrency market that are important when either starting a cryptocurrency project, or running one currently. It takes a lot of resources to bring up a professional coin. Let us help you in the following areas.
1. People who want to Create Cryptocurrency Projects
a. Crypto Coin Communities
b. Service/Product/Sales Markets
c. Blockchain Developers
d. Application Programmers
e. Security Professionals
f. Graphics Designers
g. Other use cases
2. Services needed to provide those products
a. Website Scanning Services
b. Masternode Hosting
c. Coin Website Hosting
d. Project Infrastructure
e. Secure Payments and Gateway services

We want traders, investors or others to pick great investments. But is there currently a set standard or board that is widely accepted? We did not find one. But we found plenty that we felt lacked the resources or structure to be a leader in the crypto space. We want to help correct that.

How will XSPC be Used?
The Spectre Security Coin platform plans to support a multitude of different cryptocurrencies. However, if you instead choose to use XSPC, you’ll have an added benefit of 0% fees. Essentially, the platform will work with the coin. There are a few ways of using XSPC:
1. Direct to Merchant
a. Buy goods and services from partners through the Merchants Own Portal
i. Online Portals
1. Brick and Mortar MerchantsSpectreService Portal
b. Buy goods and services from partners through the SpectreService Portal.
i. Online Portal
1. Website Hosting
2. Website Scanning
3. Masternode Hosting
ii. Consulting Service
1. Blockchain Business Development
2. Coin Marketing
c. Peer to Peer
i. Buy or Sell directly between XSPC Holders
What is the Total Rewards Program?
Developing ways to give back to the community and is a key goal of ours. To answer this, we have developed a system to do just that. This is called the “Total Rewards Program” or “TRP”. This will include but not be limited to the following.
1. Community Goals and Incentives (SpectreArmy)
2. Spectre Security Bug Bounty (SpectreAware)
3. Partnership Discounts and Business Rewards (SpectreEveryWhere)
What are the Community Goals and Rewards?
Let’s face it, we need the community, we need the developers, and we need to work together to create   a more secure blockchain network. Community members are everyone. It doesn’t matter if you trade, develop applications or blockchains, or anything else one could do. We are the “SpectreArmy”.
We will implement a number of community projects that will be rewarded to members who participate. These are designed to bring the community together in positive manners to promote growth. Each program will have custom amounts of rewards based of the rules of the project. Some examples to include are the following.
1. World Community Grid
2. Seti@Home
3. Invite Challenges
4. Community Bounties
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October 22, 2018, 03:36:06 PM
 #5

Yeah.. Just move on. The project is not a scam. Totally legit project and totally different. Just take time to read and understand before doing such accusations. Deal with it. You don't own the word "Spectre" at all. You're just making yourself and your project more like unprofessional by doing such false accusations.

Stay positive. Good things will happen.
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