Have you seen Yobit's new signature design?

[wolwoo]

Only a stupid could trust that 10% daily return isn't ponzi scheme.

Can't this be a sales tactic?

your signature

  PROVABLY FAIRNESS   
DICE   ★   MULTICOLOR
ROULETTE  ★  CARAYCRUZ
.$20,000 WEEKLY.
WAGERING CONTEST
... $5,000 WEEKLY...
BTSLR COIN CONTEST
FORUM + BLOG + SUPPORT
BOUNTIES  ★  EXCHANGE
LOTTERY    ★    AFFILIATES

Do you win constantly?
everyone is stupid and immoral, you r the genius

[1715075443]

1715075443

[1715075443]

1715075443

[1715075443]

1715075443

[DarkStar_]

How InvestBox works is basically this:
1. There's a "special fund" that people are paid from. This comes from Yobit printing tokens in the case of their own tokens, usually coin developers/makers for some other coins, and from Yobit's operating profit for the rest.
2. People deposit their coins, and collect interest until the "special" fund runs out of money. Once the special fund runs out of money, people simply stop getting paid interest. You won't lose your investment, you just won't make profit off of it.

Sounds good, right? Well, Yobit creates a random token every so often, and offers a very high interest rate to try to get people to buy. This week's token is X10 token, which literally has no information and AFAIK doesn't even have a blockchain. People buy the token, invest, get paid 10% interest daily. This lasts for a few days, until Yobit sees enough profit to be made and basically prints tokens to fill all buy orders. They end up with some nice profit in BTC, even after paying 10% interest to early investors who divested. The token then gets stuck with a ton of sell orders at 1 satoshi since all bagholders want to get out and almost no one wants to buy anymore.

Some time later, Yobit moves onto their next worthless token and repeats the process.

[yahoo62278]

Only a stupid could trust that 10% daily return isn't ponzi scheme.

Can't this be a sales tactic?

your signature

  PROVABLY FAIRNESS   
DICE   ★   MULTICOLOR
ROULETTE  ★  CARAYCRUZ
.$20,000 WEEKLY.
WAGERING CONTEST
... $5,000 WEEKLY...
BTSLR COIN CONTEST
FORUM + BLOG + SUPPORT
BOUNTIES  ★  EXCHANGE
LOTTERY    ★    AFFILIATES

Do you win constantly?
everyone is stupid and immoral, you r the genius

Attacking everyone wearing a signature is not the correct route to go here man. Look around the forum and you will find multiple users who are not ok with any signature being shown on the forum period.

If you read the bitsler signature, it does not say anywhere you are guaranteed to win. It is just advertising services they offer, which is all 100% true. They do not guarantee you'll win on every roll or anything.

Where you are catching a little hell is yobit is offering 10% daily through their investbox, which as long as you follow the conditions, i'm sure they pay. The problem is what happens with your initial investment? It's confusing to say the least.

I am hoping yobit takes me up on changing their sigs. I'll know more within 24 hours. Other then the investbox I agree with you as far as advertising for yobit is no different than advertising sportsbet.io, FortuneJack, Bitcasino.io, or many other campaigns that have had multiple scam accusations against them.

[witcher_sense]

Look what i've found about x10 platform https://behindmlm.com/mlm-reviews/x10-platform-review-automated-trading-bitcoin-ponzi-scheme/

https://behindmlm.com/companies/x10-platform-collapses-exit-scam-blamed-on-cryptopia-hack/

X10 Platform provides no information on their website about who owns or runs the business.

X10 Platform marketing videos are narrated by someone calling himself “Nick from CryptoTech”, with no further information provided.

My attempts to verify who Nick from CryptoTech is have been inconclusive.

The X10 Platform website domain (“x10app.com”) was privately registered on August 23rd, 2018.

In the terms and conditions provided on the X10 Platform website, the company provides a corporate address for “X10 Hosted Solutions” in Minneapolis, Minnesota.

In the same terms and conditions X10 Platform links to the domain “x10hosted.com” when providing its Service Level Agreement.

The X10 Hosted domain was privately registered on August 24th, the day after the X10 Platform domain was registered.

Further research reveals the Minnesota corporate address used by both X10 Platform and X10 Hosted actually belongs to Davinci Virtual Office Solutions.

From this it is unclear whether X10 Platform has any physical business operations in Minnesota.
~
Update 2nd March 2019 – X10 Platform has collapsed. The company has shut down and done a runner with invested funds

[DarkStar_]

Look what i've found about x10 platform https://behindmlm.com/mlm-reviews/x10-platform-review-automated-trading-bitcoin-ponzi-scheme/

https://behindmlm.com/companies/x10-platform-collapses-exit-scam-blamed-on-cryptopia-hack/

I don't believe those are related. Yobit's random new tokens sometimes take the ticker of other more well known tokens. I'm 99% certain this is a new token invented by Yobit for the purpose of dumping once enough people buy.

[bearexin]

Only a stupid could trust that 10% daily return isn't ponzi scheme.

Can't this be a sales tactic?

Yes, exactly a sales tactic. Not just 10%, they will be able to pay even 100% because they will not be paying in BTC (nor in any reputed altcoins) but in their new token.

You invest BTC (or ETH or fiat or any altcoin) to buy some new tokens and they will get you 10% of your holding everyday but value of the token will decrease consistently and at some point it will value less than 1 satoshi and then no one will be ready to buy those tokens.

Look at this trading pair : https://yobit.net/en/trade/EGOLD/BTC
6778 BTC worth of tokens are listed for selling at the price of 1 satoshi and there is no buyer.

For example, people would have bought that EGOLD for the price of 100 satoshi and their holding might have grown 1000 times still they are not able to sell, will you call this a ponzi or a legit business model?

[wolwoo]

Only a stupid could trust that 10% daily return isn't ponzi scheme.

Can't this be a sales tactic?

Yes, exactly a sales tactic. Not just 10%, they will be able to pay even 100% because they will not be paying in BTC (nor in any reputed altcoins) but in their new token.

You invest BTC (or ETH or fiat or any altcoin) to buy some new tokens and they will get you 10% of your holding everyday but value of the token will decrease consistently and at some point it will value less than 1 satoshi and then no one will be ready to buy those tokens.

Look at this trading pair : https://yobit.net/en/trade/EGOLD/BTC
6778 BTC worth of tokens are listed for selling at the price of 1 satoshi and there is no buyer.

For example, people would have bought that EGOLD for the price of 100 satoshi and their holding might have grown 1000 times still they are not able to sell, will you call this a ponzi or a legit business model?

well there's btc pair in it again
binance, pundix-bittorent and wink raised btc pair

[crazy-joe]

People are saying it's a HYIP/Ponzi scheme so is it okay to only post in Gambling sections and garbage sections since Gambling section is officially for "Gambling and all "investments" that are so risky they might as well be gambling (HYIPs, pyramid schemes, etc.)"?
 

[Sithara007]

Removed the Cryptotalk signature today, as they have ended the campaign. I am not going to enroll for their signature campaign for the Yobit Investbox, irrespective of whether it is allowed or not.

[Blacknavy]

f-cking altcoins.
they are same, no difference between top100 and yoshit’s tokens.
If you buy tokens which have 10% emission rate daily, you don’t even deserve having own money.
give your money to others and fuck off.

do you believe that your sigs are different from theirs? Because I can’t believe that people are still discussing about these shits.
you are renting your signature space to business corporations (they are not a charity)
so, what are you discussing guys?

gambling sigs, money laundering sigs (yes you are. you know what you are doing. stop behaving as if you have ethic, take your Bitcoins and fuck off) and other shitcoins.

what is the f-cking difference?

[Kprawn]

Ok, here is my take on this.

When I had to make the decision to join the Crytotalk signature campaign, I thought it was a good idea to promote another Crypto currency based

forum that would also support Bitcoin. The thinking was that the more platforms we have to discuss Crypto currency related material, the better for the

 whole community.

I was away from home for a funeral, so I did not not even know about the recent changes, but when I got back I saw what was happening and I

immediately saw that something was wrong with the new campaign that we were suppose to support.

I did not signup to promote anything other that a new platform for Crypto currency talks, so I removed myself from the campaign. I also feel it is

unethical to do such a campaign flip. If you want to start a new campaign, you should close the old campaign and start a new one.. not piggy back

onto the old campaign.

This looks like a long con, where you pull people in with a legit campaign and then swap to something illegal, once they are hooked.  I am not a fish,

because I can think for myself, so I made the right decision to exit this campaign.

I judge not on the fact if this new campaign is a Ponzi or not, but in the way this was done. yahoo62278 should also not be blamed for this, because

he was also snake oiled into this. (He also tried to do the right thing to manage the spam)  

[kotwica666]

I don't think that advertising Investbox is significantly different from advertising gambling sites or mixers. We all know how these services work.

If Investbox were ponzi, I would immediately take my signature off. However, I don't think giving away worthless coins is such a thing. In my opinion, this is a marketing tool that helps sell something worthless. Just like the thousands of marketing tricks that we see every day on city streets or in tv ads.

[johhnyUA]

Since when Yobit is operating leagally? They don't things like license which would make them fully leagally operating exchange and nobody knows who owns Yobit and etc. And IIRC, Yobit was previously even banned in Russia

About your post:
Russia is the country where president shows cartoons with russian rockets nuke Florida. I don't think this is good example.

and of course it's strange:
> people butthurting about KYC and AML and when Binance blocking their "shady" funds

>the same people butthurting that Yoibt "is not legal"

-__________________-

About situation with exhange:
This is really weird. But i have free coins from Yobit airdrops and i'm registered on Yobit. I will try to test this service and then will see what is it.


EDIT: Here is a little "unpacking" review of Yobit Invest box

Thesis:
1. Yobit invest box (aka YIB) has it's own "invest plans" where you can "invest" your funds. For some period (montly, weekly, daily) you will get some percent of cashback.
2. Also, you need to make some (mostly weird) actions, for example - "25 Yo Tokens + 200к Frog
+ 60к Panda + 400 Sex + no sells on Yo pairs"   
3. It's not only about free coins, you can "invest" btc, ltc even rur or usd (of course, with needed actions to do, like "buy 100 YOVI")
4. There you have lovely green button "Create new plan", but when i try to create my own plan, i can't do that, because "Attention! Do not create a new plan if you want to earn a percentage. This form is for developers and coin owners only."
5. You can see here screenshot of new plan creation. Creator may add amount of tokens from which "investors" will be refunded (at least, as i understand) but he may left it 0. Not good.



Conclusion:
So, it's obvious that this is shill for shitcoins (even invest plans with btc force you to buy some shitcoins)

[bitserve]

After a second thought... I think yobit is doing a great job in showing that shitcoins are shitcoins. If some people want to "invest"/gamble on those... why not?

As long as they don't exit scam (something that could happen with any other sponsor at any time) and they fulfil their promises... They make very clear that the interest being paid is not for unlimited time but just while (promotion/advertising) funds are available... after that you can withdraw your (worthless-or-not) tokens + interest accrued.

Want to "invest" in X10 tokens whatever the fuck that is?  Fine, DYOR or just go ahead and try your "luck", maybe you will profit handsomely or, most probably, you will lose most or all. Your money, your call.

It doesn't necessarily meet the definition of a ponzi because they can print more in order to fulfil their promise and allow for everyone to withdraw their "principal" + interest. It's not that they need to pay new entrants with early entrants funds.

Neither a pyramid in a strict sense. Probably a pump and dump scheme in some way but... aren't most (if not all) shitcoins like that?

They don't guarantee any value/price those tokens might have in the future. It's shittokens what we are talking about here FFS. Not even BTC value/price in the future is guaranteed, but even a mediocre "investor" should know what is safer and the wise choice. And again, DYOR.

That being said, changing the signature in the middle of a campaign so that participants need to start advertising a *completely different* product/service doesn't seem like a great business practice but, even then, as long as participants have the right to stop doing it and are compensated until that moment... Well, that's more of bad communications and procedural issue than anything else.

I don't see that MUCH difference between advertising gambling sites or exchanges that support or even promote shitcoins. I have never worn a paid sig though, so I am just talking as a user continuously exposed to that kind of advertising here.


P.S.: To be more clear... No, I would NOT be comfortable with advertising a fucking shitcoin "investment" plan myself even if I needed the money. But that's a completely different matter I am not discussing here.

[o_e_l_e_o]

- I don't see a 15%/week plan on BTC

It's (currently) on the third page of InvestBox:

Yobit Investbox - it's not ponzi, you can check this video to understand how it works

That video explains nothing, other than repeating that you can earn 7% a day and it is entirely risk free, which we know is a lie.

It would not be hard to report to the mods all the spam and ban the posters as a community effort.

Why would the onus fall on the community to clean up after YoBit? If you want your signature campaign not to be banned, it is your responsibility to police it, not ours.

If you all knew this was a ponzi to begin with, why were these points not brought up before the changing of the signature to all participants of the campaign including the manager?

I for one had never heard of "InvestBox" before yesterday, and there was no warning or notice given to anybody, yahoo62278 included, before YoBit change the signature. Regardless, again, it is our responsibility to vet projects on behalf of spammers. If you are going to advertise a product, it is your responsibility to find out what you are advertising.

I'm 99% certain this is a new token invented by Yobit for the purpose of dumping once enough people buy.

Thanks for the explanation regarding InvestBox, and having looked in to this a bit more, I agree with your statement I have quoted. I created an account on YoBit to try to find out more about this "X10" token. It's very first trade was on the 19th of this month (so 4 or 5 days ago), where over 1.2 billion tokens (worth over 61 BTC) suddenly materialized out of nowhere. There is no possibility to deposit or withdraw this token, and you are met with errors if you try to do either. There is no information regarding a blockchain, contract address, or anything of the like. This token was created out of nothing by YoBit and is being sold to "investors" for BTC. Even if they pay out 10% interest of their token as they claim, "investors" will be massively out in terms of BTC. This is a downright scam.

I don't think that advertising Investbox is significantly different from advertising gambling sites or mixers.

Neither gambling sites or mixers advertise guaranteed risk free returns of 10% daily. They are in no way comparable.

However, I don't think giving away worthless coins is such a thing.

Except they aren't giving them away. They are selling them to people for BTC, and then keeping the BTC for themselves and paying the interest in more worthless tokens printed out of thin air that will never be able to be sold.

To everyone asking for theymos'/yahoo62278's/mods'/etc approval: Take some damn responsibility and think for yourself. You want all the money of advertising this scam without any of the repercussions that come with it. If theymos told you to go and take out a loan and not pay it back, would you do it?

[Aceeakell]

 If theymos told you to go and take out a loan and not pay it back, would you do it?

Clearly, yes.

[Gyfts]

I for one had never heard of "InvestBox" before yesterday, and there was no warning or notice given to anybody, yahoo62278 included, before YoBit change the signature. Regardless, again, it is our responsibility to vet projects on behalf of spammers. If you are going to advertise a product, it is your responsibility to find out what you are advertising.

I myself never new about the allegations against Yobit until doing a bit of further research today after the new signature came out. I knew of late payments during the campaign and that was about it. Proper criticism would not be to claim anyone that now removes the signature is hypocritical but rather careless in doing due diligence. I mean, I've removed it now so was it careless not to do research on it? Sure, I'll concede that. Question remains though if default trust members will tag those promoting Yobit's 10X. Kind of a gray area.

My two cents - Revert back to the old signature. I know Yahoo already inquired about it to the admins so hopefully they'll make the adjustment. I personally would not store my BTC on Yobit, but if someone is advertising the forum Cryptotalk.org on their signature, I don't think that warrants an untrustworthy rating.

[johhnyUA]

To everyone asking for theymos'/yahoo62278's/mods'/etc approval: Take some damn responsibility and think for yourself. You want all the money of advertising this scam without any of the repercussions that come with it. If theymos told you to go and take out a loan and not pay it back, would you do it?

I can't say for all, but some people see some weird things in statement that someone can promote gambling (where 95 % will lost their money with probability of 100 % ) and they forbidden to promote the same things, just with a different title.
At second, there many people from poor countries, India for example. Where Yobit's 50 dollars per week is really good money (in India some people get 1-2 dollars per day).

Also, many people will get angry for your words, because you telling that with signature that gives you fat income (even for First World like France). The same as everything in real world where fat rich assholes telling poor people to work harder, while their childrens (of that fat assholes) riding 1 million cost cars and will never work at all.

[LoyceV]

I can't say for all, but some people see some weird things in statement that someone can promote gambling (where 95 % will lost their money with probability of 100 % ) and they forbidden to promote the same things, just with a different title.

Gambling sites don't claim to be 100% safe:

Can anyone shed some light on this "InvestBox"? This is all the information I can find on their website:

Invest your free coins to InvestBox! It’s a tool for devs to promote their coins. It’s NOT Pyramid/HYIP, all payments are made from special fund.
InvestBoxes can change status from Active to «No coins», but you can close your investment any time, it’s 100% safe.

[webtricks]

To everyone asking for theymos'/yahoo62278's/mods'/etc approval: Take some damn responsibility and think for yourself. You want all the money of advertising this scam without any of the repercussions that come with it. If theymos told you to go and take out a loan and not pay it back, would you do it?

Maybe the opinions of Yahoo or mods don't matter much but what theymos thinks definitely have value here. Last time when he decided to stop Yobit campaign, nor Yobit nor do the participants were able to do anything. But last time ban on campaign was more inclined by the spamming and not the reputation of YoBit. However, this time Yahoo is maintaining the quality up to certain degree. So it also brings Yahoo's opinion into mix to some degree.

If Yahoo decides to leave quality moderation, this will again initiate uncontrolled spamming. Such campaign abusing may again trigger Theymos to ban the campaign.

I personally think Yobit's investbox is different from HYIP upto certain degree. They are promising returns in respective coin (not Bitcoin or USD conversion) and surely paying the return. But on the moral grounds, it is still wrong to lure readers to click and invest in something which have very-high probability of getting dumped eventually. But we forum members aren't that moral or are we?

At second, there many people from poor countries, India for example. Where Yobit's 50 dollars per week is really good money (in India some people get 1-2 dollars per day).

I don't know which India did you check but no one here works for 1-2 dollars a day. This amount is too low to even survive in India. Minimum wages for unskilled labors here is $5-7. Also $50 a week or $200/month is not at all a good amount. When converted to INR, it comes out to be 14K Indian Rupee which could hardly cover your rent, food, conveyance/vehicle fuel and children's school fees for the month.