Cryptotalk 1 BTC Contest Manipulation

[bitmover]

Maybe some of you should have open minds and see if there is anything of value to add without being worried about money? After all, it is a forum and not illegal to be members on multiple forums

I think it is a ok to participate in more than one forum, ofc. I particularly participate now in Reddit and bitcointalk, and I am very active in both.(and I post for free in Reddit)
However, I didn't discover those forums like you are suggesting"let's see how this forum works. Does it have good discussions?"

I discovered both of them after being redirect from Google searches, then I learned that for many subjects the best source of information was bitcointalk (in bitcoin subjects) and Reddit (for piracy, altcoins, privacy and many other interesting subjects)

Cryptotalk forum discussions are interesting? Maybe some. But bitcointalk looks better. Maybe they should try other niches? Ethereum Technichal discussions for example lacks a good forum.

Paying spammers to spam there is a complete nonsense. Why didn't they hired some established members to post there? They could pay for 500 word posts for example, or for technical support answers, whatever...

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[RapTarX]

It was nothing unexpected. Moderators are not much active in deleting spam and cleaning up the forum.
 I'm on the forum as well. I have posted 40 messages within this month, on the other hand, some users are posting more than 100 a day. All the forum is very much spammy. I couldn't find anything of interest there to reply. I don't know how people post a lot of messages per day.

[Vod]

Paying spammers to spam there is a complete nonsense. e established members to post there?

Are they paying anyone?   Have they proved they even have the coin to pay?

[hacker1001101001]

Paying spammers to spam there is a complete nonsense. e established members to post there?

Are they paying anyone?   Have they proved they even have the coin to pay?

Yes, they are surely paying users 0.00001 btc per post which is sent directly to the Yobit account of the participants. Max is 30 posts per day ! Even though they are spending funds, but its basically not the right way and not helping them in anyway to increase quality content on the forum.

They have the coins to pay, but I don't think this would go forever.

[th3nolo]

Are they paying anyone?   Have they proved they even have the coin to pay?

So far they have been paying almost instantly when it comes to their campaign on Bitcointalk.

If you look at their Ethereum wallet they have something like $9 million, I think that's enough money to pay for many years

https://etherscan.io/address/0xf5bec430576ff1b82e44ddb5a1c93f6f9d0884f3

At bitcoin's current price that's something like 1001BTC

[LoyceV]

If you look at their Ethereum wallet they have something like $9 million, I think that's enough money to pay for many years

Exchanges hold users' funds in their wallets, that doesn't meant all funds are theirs to spend on something else.

[webtricks]

If you look at their Ethereum wallet they have something like $9 million, I think that's enough money to pay for many years

Exchanges hold users' funds in their wallets, that doesn't meant all funds are theirs to spend on something else.

Even if we ignore hot wallets, Yobit still have huge reserves with them. They have paid over 10 BTC to signature participants here on bitcointalk and yet again refilled the wallet.
Not to ignore the fact, they are also paying per post on Cryptotalk. There are over 240K posts made on Cryptotalk in last 1 month or so. Even if we consider non-claiming rate to be 25%, it is still 240K*75%*0.1 = $18000 or 2 BTC.
I don't think they gonna ruin their whole reputation after spending around 15 BTC for the contest prizes worth just 2.3 BTC. Well the declaration day is just 3 days away, let's see how it goes.

[NeuroticFish]

Are they paying anyone?   Have they proved they even have the coin to pay?

I've spent a bit of time there and I do post there now and then.
The amount of spam, of worthless or repeating posts, of discussions just for the sake of it is overwhelming. But this happens when the numbers are the only thing that matter.

But they do pay. I did withdraw already. And I'm not telling about withdrawal from cryptotalk to yobit, I'm telling about the next step too: withdrawal from yobit into an external wallet.
So I can confirm that part.


About OP topic, I wonder who was thinking that such a contest can be 100% real and clean. But maybe I'm just too pessimistic  

[o_e_l_e_o]

Given all the scam accusations against YoBit, alongside their generally shady nature and terrible customer service, I'm not sure why anyone really expected their forum to be any different.

The real test for that forum is going to be when they end the contest. Will they continue the pay per post campaign? Will the traffic die?

If they stop paying, they will die. Spammers like these have zero loyalty. They will go wherever they can make the most money, even if "the most money" is some useless tokens/altcoins worth a few cents. They've flooded to Cryptotalk since they can earn more there making the maximum number of posts than they can spamming a signature on here, with the added bonus that on Cryptotalk they get paid in bitcoin, which is actually worth something, rather than some made up token. As soon as they stop getting paid over there, they'll come back here.

It still sounds a lot like Social Justice Warrior forum, I don't like it.

It's a ridiculous rule, and it gives the mods the ability to delete any post they like with complete impunity. They can simply state "Another user PMed me and said they were offended by post x, so I deleted it." The cynic inside me says this was entirely premeditated to allowed them to rig their competition in the way OP is describing.

[examplens]

..
I don't think they gonna ruin their whole reputation after spending around 15 BTC for the contest prizes worth just 2.3 BTC. Well the declaration day is just 3 days away, let's see how it goes.

"ruin Yobit reputation" ...  how does it look his reputation.

[NR 007]

<......>
Not to ignore the fact, they are also paying per post on Cryptotalk. There are over 240K posts made on Cryptotalk in last 1 month or so. Even if we consider non-claiming rate to be 25%, it is still 240K*75%*0.1 = $18000 or 2 BTC.
<......>

Dont be so naive  ,
I dont doubt their fund reserves, but I think now a lot of funds are being used to buy useless rubbish here.
In my opinion, only 20-30% of yobit participants are good and helpful writers, the rest are spammers.

"ruin Yobit reputation" ...  how does it look his reputation.

hmmmm, makes me laugh.

[IIV]

Why are we even talking about a contest in another forum here? Is this forum now policing every online forums?

[LFC_Bitcoin]

I'm shocked that a forum paying 10 cents per post and giving a 1 BTC prize for most posts would have spam and cheating in it. Unthinkable. Wouldn't the greatest writers in history rise from their graves to fill that forum with masterpieces?

I’d rather lick a dogs asshole than join that cess pool of a forum.

[actmyname]

In my opinion, only 20-30% of yobit participants are good and helpful writers, the rest are spammers.

I wouldn't even put a high number like 20% to this forum's quality.

Roughly 2% of this forum contributes to substantial posting.
If we're talking about CryptoTalk, I'd put the number around 0.1%. Probably even less.

[o_e_l_e_o]

I’d rather lick a dogs asshole than join that cess pool of a forum.

What about a Fox's?

[zasad@]

This seems ridiculous to most people, but in fact a lot of newcomers will cry later.
Most Russian people are very gambling and careless. If the owner of this cryptocurrency exchange spends $ 1 million on advertising, then he will then deceive the newcomers in the amount of 3, 5 or 10 times more. This is how a fraudulent business in Russia works.
And then thousands of cheated newcomers will scream that cryptocurrency is scam and fraud.

[Foxpup]

I’d rather lick a dogs asshole than join that cess pool of a forum.

What about a Fox's?

Don't be ridiculous; it only makes sense to compare that forum to undesirable things.

[Stedsm]

I'm shocked that a forum paying 10 cents per post and giving a 1 BTC prize for most posts would have spam and cheating in it. Unthinkable.

Well, I highly doubt they'll pay it and if they do, I'll go donate my kidneys (yeah, both) for free.  
You're shocked, but I'm ridiculed by their 10 cents per post and people are posting shit there and none of the content is good. I don't think they're trying to create a better forum with healthy discussions over Bitcoins and everything that relates to crypto, but are rather into getting it filled with asses who just want to spam the hell out there while bumping their forum every minute (or even second) to gain those few cents. Can't believe my eyes that people here are advocating that if you just plagiarize your own content and post it there, then that's fine. Wtf? What's the meaning of a new forum when everything is just going to be a copy-paste? Is Cryptotalk fine to be called off as a copycat of Bitcointalk?

Wouldn't the greatest writers in history rise from their graves to fill that forum with masterpieces?

You've come to the right place - Cryptotalk, a place of ethnic herds having their brains filled with superpowers (oh sorry, such normal gays guys don't have it) to write down some immoral immortal content we may find nowhere in the world.

I’d rather lick a dogs asshole than join that cess pool of a forum.

What about a Fox's?

Don't be ridiculous; it only makes sense to compare that forum to undesirable things.

Couldn't stop laughing my ass off over that comment.

[The Cryptovator]

Why are we even talking about a contest in another forum here? Is this forum now policing every online forums?

Its because they are promoting their forum on bitcointalk. So this is quite reasonable to discuss on this forum. Not really this forum policing any other online forum, and will not. But as a forum member you may discuss about any crypto related thing on this forum. It doesn't mean forum itself policing any others. There won't competitor of bitcointalk like there is no competitor bitcoin. I have seen couple of forum advertised their forum on bitcointalk and they had paid for posting on their forum. But eventually they are ended up (fucked up) with zero result. If forum itself is paying for posting that means they are just encouraging more spam instead. And regarding 1BTC competition, most likely it would manipulate and this forum have no business with cryptotalk. So we can't take any action even there is happening pure manipulation.

[FIFA worldcup]

Congratulations to Contest Winners:

1. cryptokram 3902 - 1 btc
2. xBDT Script 3512 - 0.2 btc
3. Dimarrik 3191 - 0.2 btc
4. Кyкypyзa 3055 - 0.2 btc
5. Pyatka 2977 - 0.2 btc
6. Gorigor 2798 - 0.1 btc
7. okela 2548 - 0.1 btc
8. trader_999 2468 - 0.1 btc
9. kokoska 2412 - 0.1 btc
10. YoCoin 2299 - 0.1 btc
11. hexwin 2296 - 0.1 btc

Finally the spammers contest is over and cryptokram winning this by making 3902 posts in around a months time.

That forum is a heaven for the spammers.