[ANN] $TRUSD an elestic yet stable digital asset

[RainbowBrite]

Busting through that $1mil  Market Cap Value was AMAZING now on to our next goal!! If we can keep rolling through these milestones, we can accomplish ANYTHING!!!♥️🍀

[1714834148]

1714834148

[1714834148]

1714834148

[geometrystellar]

Arriving at incredible statures! Have recently noticed that TRUSD is listed on Coinpaprika, and soon will be listed on another exchange. TRUSD is unquestionably reaching more and move on a daily basis. There could be no better team with these advancements set in! Keep up the astounding work!

[Lord_Orion]

Coinkeeper  is voting on TRUSD https://coinkeeper.io/vote-58 head that way and check out the new exchange that will  be hosting TRUSD. Glad to see it growing and gaining more followers and support.

[geometrystellar]

TRUSD will be listed on Coinkeeper which launches on January 30, 2020. Glad to see the continued growth of the community and solidarity behind the project.

[Lord_Orion]

TRUSD will be listed on Coinkeeper which launches on January 30, 2020. Glad to see the continued growth of the community and solidarity behind the project.

Thats good, So by the end of this month there  will be a new exchange to get in on. I checked out the website, seems that this new exchange even has competitions and a few other things. Hopefully It will have better reliability unlike CatEX which got DDOSed recently and since then its just been getting worst.

[nutildah]

WARNING: SCAM PROJECT

This is a scam project that has plagiarized several elements of TrueUSD (TUSD) and USDCoin (USDC).

In addition, large parts of its white paper have been plagiarized from other sources. For example,

From the TrustUSD white paper:

To maintain price parity, algorithm-backed stable coins attempt to control their money supply
through monetary policy. They do this by expanding and contracting the available supply of coins on the
market. For example, if the price of a stable coin is too high, the stable coin protocol’s algorithm will
mint new units and introduce them into the market — increasing the supply until price parity. If the
price is too low, the algorithm will contract the supply until the price target is met.

From an article on thebitcoinpub written a year prior:

To maintain price parity, algorithm-backed stablecoins attempt to control their money supply through monetary policy. They do this by expanding and contracting the available supply of coins on the market. For example, if the price of a stablecoin is too high, the stablecoin protocol’s algorithm will mint new units and introduce them into the market — increasing the supply until price parity. If the price is too low, the algorithm will buy up the stablecoin on the market by selling bonds at a discount.

Its word-for-word plagiarism.

There are no details provided about how this project tends to increase the value of its tokens, just promises of "because it will go up in value." The team of newb shills constantly talking about how great this project is in such a cheesy fashion is also a dead giveaway of its non-authenticity.

This project is definitely a scam.

[tmfp]

Crossposting a couple of relevant observations regarding this "TrustUSD stablecoin" thing: the first shows plagiarism, the second shows links to another scam

"TrustUSD" (sic) appears to be a complete rip off of the late and unlamented Base/Basis nonsense stablecoin scheme, shorn of details of how the removal of the "bond" support* proposed there would be replaced, presumably by a unicorn smart contract.
*think how security offering attitudes have changed in the 2 1/2 years since.

That pile of unnecessarily complex garbage thinking, "bullshit baffles brains" was shilled by John Taylor of Taylor Rule fame, and a nearly Head of the Fed if Trump had had his way.
I note that the Dangermouse character behind this Trust (lol) thing likes to pose on Twitter in his MAGA hat.

Just a couple of examples of completely coincidental   similarities which abound between the $132,000,000 failure 2017/18 "Basis" scheme and the destined to fail 2020 "TrustUSD" copycat scheme.

For example, to start off, 1 TrustUSD token is established to target $1 USD. TrustUSD could potentially
even eclipse the dollar and be updated to peg to a consumer price index (CPI), similar to how central
banks hit inflation targets today. The TrustUSD protocol accomplishes this by algorithmically adjusting
the supply of TrustUSD tokens in response to changes in, for example, the TrustUSD exchange
rate. This implements a monetary policy similar to that is also executed by central banks around the
world, except we operate as a decentralized, protocol-enforced algorithm, without the need for direct
human judgment as opposed to traditional banking algorithms.

For example, to start off, 1 Basis can be pegged to always trade for 1 USD. In the future,
Basis could potentially even eclipse the dollar and be updated to peg to a consumer
price index (CPI) or basket of goods, similar to how central banks hit inflation targets
today. The Basis protocol accomplishes this by algorithmically adjusting the supply
of Basis tokens in response to changes in, for example, the Basis-USD exchange rate.
This implements a monetary policy similar to that executed by central banks around
the world, except it operates as a decentralized, protocol-enforced algorithm, without
the need for direct human judgment.. 

Measuring Exchange Rates with Oracle Systems
Since the price of TrustUSD in the markets is exogenous to the blockchain, the system must rely on a
decentralized or centralized price oracle to estimate the true exchange rate. There are multiple ways
oracle systems can be implemented into TrustUSD:
• Trusted Feed. This method is the simplest method that allows a source to upload real world
exchange rates from large trustworthy exchanges to a smart contract.
• Decentralized Delegation Feed. This method isn't 100% decentralized, but it allows holders
of TrustUSD tokens to vote on a select number of price-feed uploaders. This method also can
prevent price manipulation by allowing token holders to vote out users with bad intentions.

Measuring the Exchange Rate
First, we explain how the Basis blockchain obtains the Basis-USD exchange rate. Since
this information is external to the blockchain, the Basis protocol must implement
what is known as an oracle system, i.e., a system that uploads outside information to
a blockchain. This can be implemented in several ways:
• Trusted feed. The simplest approach is to have a single feed that uploads
the real-world exchange rate to the blockchain, say from Coinbase, Kraken, or
another large exchange. This is obviously a point of centralization, but it bears
mentioning nonetheless.
• Delegated decentralized feed. A semi-decentralized approach is to select a
small group of feed uploaders by vote from holders of Basis... If any bad actor is consistently identified as trying to corrupt the
feed, they can be voted out of the system by coin-holders ..

Ad nauseum..

One thing about this MAYA crap that mildly interested me was the role of The Crypto Analyst in their pretty basic PR approach.
Apart from various prnewswire type press releases, Dahlke never used much in the way of third party shilling for his scam (apart from clumsy occasional alt accounts), except for the You Tube channel of The Crypto Analyst.
There's nothing special about the other vids released there, pretty basic and inaccurate pseudo TA droned out like on many other worthless channels, but what TCA did also do was continually shill any U.K. Financial scheme going, MAPR, MAYA, DFS etc.
It had minimal views and zero value, but I wondered where it fitted into the overall narrative.

"The Crypto Analyst" is Brendan Viehman a know nothing kid who claims, like all know nothing kids, to be

an experienced blockchain and cryptocurrency consultant that has worked with the field since 2011 where I began my journey. 

.
From looking at him, in 2011 he would have been about nine.
Anyway, nothing special, just another chancer in a crypto world full of them, but....

So, what is a short description of Maya Preferred?
Let's go with
"A pretend stablecoin listed on Saturn and Catex: minimal, low quality trading and no reason to exist other than P&D."

Now let's look at Viehman's Linkedin again

I have worked with numerous companies and projects such as TrustUSD (TRUSD) Maya Preferred 223 (MAPR), Digital Fantasy Sports (DFS)

TrustUSD?
So, what is a short description of TrustUSD?
"A pretend stablecoin listed on Saturn and Catex: minimal, low quality trading and no reason to exist other than P&D."

TBC...

[kdangerf]

Hi, my name is Kalen Dangerfield. I'm the Co-founder and CEO of United Trust, the company operating TrustUSD. I'd like to go into the detail about our project, TrustUSD. I will have to start by saying, TrustUSD is NO SCAM. We have been very transparent with our practice, and you would know this if you took the time to join our lines of social media. Regarding the whitepaper, I will admit that I handled it the wrong way. We actually hired a group out of Singapore to create the whitepaper and your findings are news to us as well. Prior to seeing your comment, I had never read any of those tokens' whitepapers so the group that wrote our whitepaper will be dealt with accordingly. Our business model isn't currently being practiced anywhere, so to say it is plagiarized is simply false. We differ from the major stable assets by taking a decentralized approach to stablecoins as we know it. The mistake I made was telling the group to use popular stable asset whitepapers as references to find ways to explain details. I never would have signed off on a plagiarized whitepaper by any means. You mentioned an article from thebitcoinpub? I’ve never heard of that article. By your logic, all stablecoins are copying each other because they use the same business models, correct? You’re being extremely unfair with that claim. To my knowledge, we are only project with this business model that’s also actively trading on exchanges. Our business model is working and people see the value in it. I’d also like to address your claims about “paid shill accounts.” Those are real people who see the value in TRUSD, and it’s absurd for you to suggest that it’s all made up. I have better ways to spend my time then pretending to fool people. This token was designed to be a viable stable asset for people residing in underbanked regions of the world. I receive messages all the time from investors who are happy with the job that I am doing and their vision for the future of this project. I made a mistake and I am here addressing your concerns because they are certainly valid. Guilty people would flee. I am not. I’m here because I care about the people we serve and the people we will serve. I’d love to discuss this further with you on Telegram @kdangerf. I would hate for you to have a bad idea of who we are because of a whitepaper mistake. Many projects have the same problems. In the world of cryptocurrencies, it’s easy for words to sound similar unintentionally as well. I’m pleased to inform you that the necessary changes are being made. We are undergoing considerable growth as well. Users are currently participating in our interest incentive program which allows you to earn interest for holding tokens for 30, 60, 90, or 120 days. It’s really great. Especially since we are still in the beginning stages. There are more opportunities similar to that planned with more growth that we still receive because some people will see the ability for us to learn and grow.  The point I keep stressing is that I genuinely care about the people we serve and our investors who have been supporting us wholeheartedly. As far as discussing Brendan, that is personal slander and should not be tolerated on this website. He’s a very smart individual and offers great insight. Your claims are based on what exactly? None of us are perfect. The main thing that we’re doing here is righting our wrongs which is very important. As I mentioned before, I’d love to talk to you one-on-one and address any questions you might have. It’s not healthy to spread the FUD on here. This site is already extremely toxic for new projects, so why play into it? All we can do now is learn from our mistakes and be the best group of people we can be representing this project. I hope this response clears things up for you and anyone else with similar concerns.

[nutildah]

Oh brother. Do you have a fear of making new paragraphs or what?

Our business model isn't currently being practiced anywhere, so to say it is plagiarized is simply false. We differ from the major stable assets by taking a decentralized approach to stablecoins as we know it. The mistake I made was telling the group to use popular stable asset whitepapers as references to find ways to explain details.

If you differ from major stable assets why would you use their white papers to explain details of your project? Its not just the white paper, it was also your coin logo (recently changed), and name. You didn't know there was another Ethereum stablecoin called TrueUSD? Why make something that sounds so similar in name -- and then use a logo remarkably similar to theirs??

Additionally, the company that produced TrueUSD is called "TrustToken". You've basically ripped off TrueUSD in at least 4 different ways. The main difference is TrueUSD is regulated and backed by actual dollars whereas yours is unregulated and backed by nothing.

I never would have signed off on a plagiarized whitepaper by any means.

K, well, you did. You should have checked it for plagiarism. That's on you. It even says "written by Kalen Dangerfield" on the first page.

By your logic, all stablecoins are copying each other because they use the same business models, correct?

No, not correct. Most of the major stablecoins have different ways of arriving at what they do. Your coin is neither stable nor is it backed by anything, which indeed makes it unique in the field of stablecoins, yet the wording of your white paper still borrows heavily from those of pre-existing stablecoins.

I've taken a look at the smart contract for your token and it was made using an extremely simplistic ERC20 token generator. Therefore, the ability of your token to do what you say it does is 100% dependent on your word that you are going to do it. There's nothing advanced or interesting going on under the hood here -- its just another Ethereum token that was generated in 5 minutes.

I have better ways to spend my time then pretending to fool people.

We don't think that you do.

Many projects have the same problems. In the world of cryptocurrencies, it’s easy for words to sound similar unintentionally as well. I’m pleased to inform you that the necessary changes are being made. We are undergoing considerable growth as well.

The problem is that we've heard these excuses a million times before.

This site is already extremely toxic for new projects, so why play into it?

This site is like that for a reason: all scams fail and 95%+ of sincere projects also fail. Our combined experience tells us there's just no way that investing in this token is a good idea (I feel like I can safely speak for at least tmfp here) and we are here to point out the reasons why.

[Lord_Orion]

Hi, my name is Kalen Dangerfield. I'm the Co-founder and CEO of United Trust, the company operating TrustUSD. I'd like to go into the detail about our project, TrustUSD. I will have to start by saying, TrustUSD is NO SCAM. We have been very transparent with our practice, and you would know this if you took the time to join our lines of social media. Regarding the whitepaper, I will admit that I handled it the wrong way. We actually hired a group out of Singapore to create the whitepaper and your findings are news to us as well. Prior to seeing your comment, I had never read any of those tokens' whitepapers so the group that wrote our whitepaper will be dealt with accordingly. Our business model isn't currently being practiced anywhere, so to say it is plagiarized is simply false. We differ from the major stable assets by taking a decentralized approach to stablecoins as we know it. The mistake I made was telling the group to use popular stable asset whitepapers as references to find ways to explain details. I never would have signed off on a plagiarized whitepaper by any means. You mentioned an article from thebitcoinpub? I’ve never heard of that article. By your logic, all stablecoins are copying each other because they use the same business models, correct? You’re being extremely unfair with that claim. To my knowledge, we are only project with this business model that’s also actively trading on exchanges. Our business model is working and people see the value in it. I’d also like to address your claims about “paid shill accounts.” Those are real people who see the value in TRUSD, and it’s absurd for you to suggest that it’s all made up. I have better ways to spend my time then pretending to fool people. This token was designed to be a viable stable asset for people residing in underbanked regions of the world. I receive messages all the time from investors who are happy with the job that I am doing and their vision for the future of this project. I made a mistake and I am here addressing your concerns because they are certainly valid. Guilty people would flee. I am not. I’m here because I care about the people we serve and the people we will serve. I’d love to discuss this further with you on Telegram @kdangerf. I would hate for you to have a bad idea of who we are because of a whitepaper mistake. Many projects have the same problems. In the world of cryptocurrencies, it’s easy for words to sound similar unintentionally as well. I’m pleased to inform you that the necessary changes are being made. We are undergoing considerable growth as well. Users are currently participating in our interest incentive program which allows you to earn interest for holding tokens for 30, 60, 90, or 120 days. It’s really great. Especially since we are still in the beginning stages. There are more opportunities similar to that planned with more growth that we still receive because some people will see the ability for us to learn and grow.  The point I keep stressing is that I genuinely care about the people we serve and our investors who have been supporting us wholeheartedly. As far as discussing Brendan, that is personal slander and should not be tolerated on this website. He’s a very smart individual and offers great insight. Your claims are based on what exactly? None of us are perfect. The main thing that we’re doing here is righting our wrongs which is very important. As I mentioned before, I’d love to talk to you one-on-one and address any questions you might have. It’s not healthy to spread the FUD on here. This site is already extremely toxic for new projects, so why play into it? All we can do now is learn from our mistakes and be the best group of people we can be representing this project. I hope this response clears things up for you and anyone else with similar concerns.

Thanks for taking the time to respond her, your paragraph is kinda hard to read to be honest. I get what you mean and you made a mistake, unfortunately that mistake was pretty big, but if you say your working to fix it then I'll hold my judgment until I see this fix.

Hopefully you have learned a lesson and not hire people to do  something that important and if you do proof read and make sure the people are qualified.

[notblox1]

I made a mistake ...

What about 'mistake' of hiring this suckpuppets to comment and create fake conversation??!

Are Lord_Orion, geometrystellar, RainbowBrite, Einnalem, Dordunu Christian, RobtheWannabeWhale and others also from Singapore?

What about 'logo mistake'?

This site is already extremely toxic for new projects

 

[RobtheWannabeWhale]

What about 'mistake' of hiring this suckpuppets to comment and create fake conversation??!

Are Lord_Orion, geometrystellar, RainbowBrite, Einnalem, Dordunu Christian, RobtheWannabeWhale and others also from Singapore?

Sorry to disappoint but I'm from the UK. And Kalen hasn't paid me a penny. The project requested on Telegram that get on Bitcointalk and make a comment on the thread, so that's what I did. I've never had another reason to be on here, hence the new account.

Why don't you actual join the Telegram group and engage the people you're calling suckpuppets rather than just throwing out accusations on an internet forum?

[notblox1]

Sorry to disappoint but I'm from the UK. And Kalen hasn't paid me a penny. The project requested on Telegram that get on Bitcointalk and make a comment on the thread, so that's what I did. I've never had another reason to be on here, hence the new account.

Why don't you actual join the Telegram group and engage the people you're calling suckpuppets rather than just throwing out accusations on an internet forum?

On the contrary, you make me very happy to reveal how they are using all people to bump this topic.

Telegram is perfect place for scammers, and last time I checked bitcointalk forum was also on internet, not only in UK or Singapore

I’d also like to address your claims about “paid shill accounts.” Those are real people who see the value in TRUSD, and it’s absurd for you to suggest that it’s all made up. I have better ways to spend my time then pretending to fool people.

The project requested on Telegram that get on Bitcointalk and make a comment on the thread

 

[RainbowBrite]

I made a mistake ...

What about 'mistake' of hiring this suckpuppets to comment and create fake conversation??!

Are Lord_Orion, geometrystellar, RainbowBrite, Einnalem, Dordunu Christian, RobtheWannabeWhale and others also from Singapore?

What about 'logo mistake'?

This site is already extremely toxic for new projects

 

Sorry to burst your bubble, but I'm from the US. Not a "suckpuppet" as you wish to nickname me. Nor is any of the conversation I am creating fake. I didn't have a good reason, prior to now, to get on this toxic mess of a site, that is heavily biased. I am here now though. If you wish to speak more about this, we do have an official discord where I can be found under the same name. If you can speak to me as an actual adult and without childish insults that is.

[RobtheWannabeWhale]

Sorry to disappoint but I'm from the UK. And Kalen hasn't paid me a penny. The project requested on Telegram that get on Bitcointalk and make a comment on the thread, so that's what I did. I've never had another reason to be on here, hence the new account.

Why don't you actual join the Telegram group and engage the people you're calling suckpuppets rather than just throwing out accusations on an internet forum?

On the contrary, you make me very happy to reveal how they are using all people to bump this topic.

Telegram is perfect place for scammers, and last time I checked bitcointalk forum was also on internet, not only in UK or Singapore

I’d also like to address your claims about “paid shill accounts.” Those are real people who see the value in TRUSD, and it’s absurd for you to suggest that it’s all made up. I have better ways to spend my time then pretending to fool people.

The project requested on Telegram that get on Bitcointalk and make a comment on the thread

 

Glad I make you happy.

It's quite confusing to me that you think people are supposed to find a thread on a token they're invested in if they aren't directed towards the thread? I commented to give my opinion on the project so far, not to 'bump the thread'. This is still very early days and many of your concerns raised were valid and gave Kalen an opportunity to address them. Some, like the logo, had already been addressed prior to you bringing it up. Others, like the whitepaper issue, were news to me also and I'm glad you brought it up. This also is being addressed.

Telegram is certainly a place where scams can be found, as can nearly every single other online platform. But that's where a community exists where the members you're calling out as 'paid shills' are present. Why not talk to us as people, rather than fabricate something which is plainly untrue?

I don't expect you to suddenly flip your opinion and become an avid investor. But accusing people and being scams and scammers without even interacting with them on platforms where they are routinely present is very disingenuous and unfair. along with tmfp you've done some good research and I applaud you for your efforts, mostly because this level of critique is vital to make the project stronger. But on the other hand, slandering and making unsubstantiated claims about people should never be accepted, which is exactly what you have done.

[tmfp]

Hi, my name is Kalen Dangerfield. I'm the Co-founder and CEO of United Trust, the company operating TrustUSD.
<snip> walloftext <snip>

TRUSD is an American made and regulated company fully transparent and registered to the US government.  

This "United Trust Co(mpany)" exists exactly where, outside of your imagination?
Will there be an actual physical door for the SEC to kick down when they get round to closing you down for a no brainer security offering violation?

What is a White Paper?

A) A white paper is an authoritative report or guide that informs readers concisely about a complex issue and presents the issuing body's philosophy on the matter.
or maybe
B) A white paper is a document which includes an outline of a problem that the project is looking to solve, the solution to that problem as well as a detailed description of their product, its architecture and its interaction with users.
Nah, too much hard work. Also involves actually having an original concept.
Settle for this
C) A bunch of plagiarized words, nailed together for a few bucks by someone on the other side of the world, that you can't even be bothered to read properly before you put your name to it.

Why don't you actual join the Telegram group and engage the people you're calling suckpuppets rather than just throwing out accusations on an internet forum?

Why would anyone want to "engage" with a P&D circlejerk, whose main topic of conversation is how to game Coinkeeper's voting and how anyone who doesn't go Rahrahrah is a 'Hater' spreading FUD?
Where this is seen as insightful?

Just keep holding, buying when possible, and most importantly spreading the word. If every investor gets two more people to invest, then this thing goes viral and the process is easy

slandering and making unsubstantiated claims about people should never be accepted, which is exactly what you have done.

Presumably the repetition of the "slander" accusation is with reference to my relatively mild words about "The Crypto Analyst" (sic)?
Facts maybe unpalatable, but they're not slander.


Re: Description of this forum by use of the "toxic" ad hominem buzzword: crypto is toxic right now with the amount of scams being pulled, you're just shooting the messenger. Usual scammer MO.

[notblox1]

Sorry to burst your bubble...
I didn't have a good reason, prior to now, to get on this toxic mess of a site, that is heavily biased.

Don't feel sorry mr. no-suckpuppet RainbowBrite
It is interesting that you use exact same TOXIC word as your wonderboy trusd creator.
You can be even from Mars if you want.
Nobody will ever trust you or your trusd project

This site is already extremely toxic for new projects

Glad I make you happy.

We are both happy.

I am interesting to know how you all found out about trusd?
It looks like you all fall from Mars, and never heard about Bitcointalk forum before.
Mars is not 'toxic' ?

[RobtheWannabeWhale]

Sorry to burst your bubble...
I didn't have a good reason, prior to now, to get on this toxic mess of a site, that is heavily biased.

Don't feel sorry mr. no-suckpuppet RainbowBrite
It is interesting that you use exact same TOXIC word as your wonderboy trusd creator.
You can be even from Mars if you want.
Nobody will ever trust you or your trusd project

This site is already extremely toxic for new projects

Glad I make you happy.

We are both happy.

I am interesting to know how you all found out about trusd?
It looks like you all fall from Mars, and never heard about Bitcointalk forum before.
Mars is not 'toxic' ?

Yes, I've heard of Bitcointalk before now. But never had a reason before to sign up and post. I got out of having flame wars on internet message boards around 2004-05 and I don't intend on starting now. Your responses are getting more and more erratic and inflammatory as you go along.

[notblox1]

@RobtheWannabeWhale
Very good.
I was starting to get worried that we are maybe under attack of aliens from Mars.

I don't see anything erratic, inflammmatory and toxic here, except plagiarized trusd whitepaper, logo and marsians posting.

I am glad that 'revolutionary' trusd copy/paste made you join bitcointalk forum  

[Antoni4EVA1984]

Congratulations to the TrustUSD Team!!!
This one is going to make it!

This idea is phenomenal, and the people who are backing it up are strong! Only a matter of time before this explodes.

This person is part of the MAPR scam Amy the Admin going by this new name. She is everywhere scamming people.