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Author Topic: Have you seen Yobit's new signature design?  (Read 5285 times)
posi
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December 24, 2019, 10:06:06 AM
 #81

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.

Initial investment, isn't it?


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

Can't this be a sales tactic?

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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.
I tried out there BTC investment (monthly interest which require no holding of any altcoin since it like staking my BTC for sometime and i believed it pretty save since i won't be pay with altcoin). However, still can't provide the right answer now though but we have to wait for the Yobit respond about the safety of investors initial investment.

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December 24, 2019, 10:11:07 AM
 #82

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.
Because gambling sites openly state what their odds and house edge are. YoBit is promising impossible risk free returns. The two are not comparable.

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).
The money is irrelevant. It doesn't matter if it's a dollar a day or one hundred dollars a day - these users are promoting a scam.

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 don't buy this. So we're saying that these users are quite happy to promote a scam, unless they think it might get them banned? This is not trustworthy behavior.

They are promising returns in respective coin (not Bitcoin or USD conversion) and surely paying the return.
Two problems with this. Firstly, they do indeed offer 15% weekly returns on BTC (see my previous post). Secondly, they say your investment is "100% safe", which is categorically a lie if they are paying you in worthless tokens they print out of thin air which you can never sell.

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December 24, 2019, 10:51:35 AM
 #83

The yobit investbox is a problem because the community doesn't like and even hates ponzi schemes. I'm not saying that the investbox yobit is Ponzi, because I didn't do the testing. Anyone who wants to promote ponzi then he will have severe consequences which usually accounts will be given redtrus as a sign that the ponzi scheme is prohibited and also not liked by the public. What about gambling, gambling has caused harm to many people, there is even quite a lot of news stating that gamblers are arrested for not paying off debts, killing for money, poor because they run out of money all because of gambling and there are also cases of suicide due to gambling. How can it be approved in this forum? could I called gambling site with scheme and more dangerous than investbox, with Gambling you can loss your money one second.

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December 24, 2019, 10:52:16 AM
Merited by eddie13 (1), PrimeNumber7 (1)
 #84

Let me share a real story.
I was hired by 0xDark for managing their telegram community. After working with them for the 1st week, I realized they are shady. I have quit the job although they were paying me good amount, more than 3x of my current pays of Venapi telegram community management.
They had the same also, investbox in Yobit. The truth is, they dumped their coin in the face of its investors. Created the hype by offering this investbox rewards.
What I have understood, this investbox is a mutual agreement of the scam project owner and Yobit to scam beginner level investors money. Yobit make money, DEV of the project make money, investors get fucked.

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December 24, 2019, 11:10:15 AM
Last edit: December 24, 2019, 02:08:25 PM by marlboroza
Merited by suchmoon (7)
 #85

Reading this thread and some other threads I see some users arguing is 10% daily (or whatever they are offering) ponzi or not, well, if it looks like a duck swims like a duck and quacks like a duck then it probably is ponzi. Someone who is wearing "buy x10 and get 10% daily" is directly advertising pyramid scheme, question to campaign manager @yahoo what makes X10 better than arbitao? What makes it better than bitconnect or any other scam coin? Really nothing. And to be honest, I couldn't find any info about this token, it is like they are selling air under the name X10, and promising 10% more oxygen daily.

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December 24, 2019, 11:25:09 AM
 #86

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.
Because gambling sites openly state what their odds and house edge are. YoBit is promising impossible risk free returns. The two are not comparable.
Yes, the two can't be compare and i believe everybody on this forum understand how gambling site done their activities. Besides, the last time i checked they recognized by some governments.


They are promising returns in respective coin (not Bitcoin or USD conversion) and surely paying the return.
Two problems with this. Firstly, they do indeed offer 15% weekly returns on BTC (see my previous post). Secondly, they say your investment is "100% safe", which is categorically a lie if they are paying you in worthless tokens they print out of thin air which you can never sell.
I don't support their investment nor work for them but we still can't be sure if they are lying when they said "investment is 100% safe" and i think we should wait for their representative respond to last question asked by Yahoo about the initial investment.

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December 24, 2019, 11:30:42 AM
 #87

For last couple of month Yobit related topic has been so common and there is no way to deny that every time issues are creating due to the activity of Yobit authority. Many of our community members already shared their own thought about Yobit and their new creation "INVESTBOX". I dont think there is much left to describe but i think we should come to an conclusion for the regular rising issue of "Yobit". We shouldn't underestimate the decision of forum admin  theymos who have already banned Yobit previous signature campaign and as a result lots of participants were banned too. After some days they came with another way to run "cryptotalk (Yobit panel)" signature campaign and this time luckily they got one of the popular campaign manager (Yahoo62278) to take their management work. Most interesting thing is that this time their planning wasn't too far from their old campaign. Anyone can understand that they were trying to make big amount of posts per day by using a big number of participants. Although their campaign manager Yahoo62278 took some necessary steps to stop spamming and tracing shit posters and undoubtedly it wasn't too easy to control the whole things.  

Personally i don't think it was a bad decision to take their campaign management work but after having Yobit new feature of "INVESTBOX" its time to rethink again. Yeah its true that there is some ongoing campaign who have negative feedback on their official account but i think matter of "Yobit" is kinda different from others. There is lot more crypto related platforms who are running live campaign on bitcointalk and most of their participant selection & range of available slots is nearly simillar but Yobit was different from everyone and still same. Already "Darkstar" described the whole investment process of Yobit's new creation "Investbox" and i am agree with his description.

Best part is that the word "Yobit" has been the mostly used and common for last couple of month and its an automatic promotion which needs no weekly payment.  
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December 24, 2019, 11:32:04 AM
 #88

Could Chipmixer be clearing up the scammers' money?
I think all ads-bountys should be canceled!
I understand your point but don't you think you're somehow taking this too far and the conclusive message posted by Yahoo about this kind of situations is that "Attacking everyone wearing a signature is not the correct route to go here man. "

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December 24, 2019, 11:38:12 AM
 #89

Could Chipmixer be clearing up the scammers' money?
I think all ads-bountys should be canceled!
I understand your point but don't you think you're somehow taking this too far and the conclusive message posted by Yahoo about this kind of situations is that "Attacking everyone wearing a signature is not the correct route to go here man. "

I'm sick of the hypocrisy of people. Let them see what they have. But I want to put hypocrisy in their faces. Don't let the gambler, the sex site, the mixer come and teach me morals.
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December 24, 2019, 11:49:19 AM
 #90

I'm sick of the hypocrisy of people. Let them see what they have. But I want to put hypocrisy in their faces. Don't let the gambler, the sex site, the mixer come and teach me morals.
It is not hypocrisy because you aren't being criticized simply for wearing a signature. You are being criticized for wearing the signature of a scam.

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December 24, 2019, 11:53:02 AM
 #91

For last couple of month Yobit related topic has been so common and there is no way to deny that every time issues are creating due to the activity of Yobit authority. Many of our community members already shared their own thought about Yobit and their new creation "INVESTBOX". I dont think there is much left to describe but i think we should come to an conclusion for the regular rising issue of "yobit". We shouldn't underestimate the decision of forum admin  theymos who have already banned Yobit previous signature campaign and as a result lots of participants were banned too. After some days they came with another way to run "cryptotalk (Yobit panel)" signature campaign and this time luckily they got one of the popular campaign manager (Yahoo62278) to take their management work. Most interesting thing is that this time their planning wasn't too far from their old campaign. Anyone can understand that they were trying to make big amount of posts per day by using a big number of participants. Although their campaign manager Yahoo62278 took some necessary steps to stop spamming and tracing shit posters and undoubtedly it wasn't too easy to control the whole things.  

Personally i don't think it was a bad decision to take their campaign management work but after having Yobit new feature of "INVESTBOX" its time to rethink again. Yeah its true that there is some ongoing campaign who have negative feedback on their official account but i think matter of "Yobit" is kinda different from others. There is lot more crypto related platforms who are running live campaign on bitcointalk and most of their participant selection & range of available slots is nearly simillar but Yobit was different from everyone and still same. Already "Darkstar" described the whole investment process of Yobit's new creation "Investbox" and i am agree with his description.

Best part is that the word "Yobit" has been the mostly used and common for last couple of month and its an automatic promotion which needs no weekly payment.  
You're totally correct about coming to a conclusion and i guess we all agreed that almost all exchangee site have scammed their users at a point with the inclusion of some gambling site either but with Darkstar_ explanation about the investment procedure this seems not to be scam. Meanwhile, if we want the justice to preserve we need the Yobit need to answer every question asked especially those wrote by Yahoo which were asked maturely and professional rather than them providing a video which didn't explain what will happen to the money invested by investors.

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December 24, 2019, 12:10:38 PM
 #92

- I don't see a 15%/week plan on BTC
It's (currently) on the third page of InvestBox:




You forgot to say, 15%/week plan, the minimum investment is 50BTC.
I'm very curious who is so brave to send that amount of money to Yobit.

Could Chipmixer be clearing up the scammers' money?
I think all ads-bountys should be canceled!
I understand your point but don't you think you're somehow taking this too far and the conclusive message posted by Yahoo about this kind of situations is that "Attacking everyone wearing a signature is not the correct route to go here man. "

I'm sick of the hypocrisy of people. Let them see what they have. But I want to put hypocrisy in their faces. Don't let the gambler, the sex site, the mixer come and teach me morals.

I have one suggestion for you. Invest your weekly profit from Yobit signature in his InvestBox and write here your personal experience.

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LTU_btc
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December 24, 2019, 12:11:06 PM
 #93

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"

-__________________-

Maybe Russia isn't best example, but my post was response to post above, that if legally operating exchange would do such things like Yobit do, their owners would be imprisoned. But in reality, in Russia nobody knows who is owners of Yobit.
And I don't see people butthurting about legal status of Yobit. It's all about shady things they are doing.




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wolwoo
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December 24, 2019, 12:15:42 PM
 #94

- I don't see a 15%/week plan on BTC
It's (currently) on the third page of InvestBox:




You forgot to say, 15%/week plan, the minimum investment is 50BTC.
I'm very curious who is so brave to send that amount of money to Yobit.

Could Chipmixer be clearing up the scammers' money?
I think all ads-bountys should be canceled!
I understand your point but don't you think you're somehow taking this too far and the conclusive message posted by Yahoo about this kind of situations is that "Attacking everyone wearing a signature is not the correct route to go here man. "

I'm sick of the hypocrisy of people. Let them see what they have. But I want to put hypocrisy in their faces. Don't let the gambler, the sex site, the mixer come and teach me morals.

I have one suggestion for you. Invest your weekly profit from Yobit signature in his InvestBox and write here your personal experience.

Did I tell you to gamble the money you made?
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December 24, 2019, 12:17:52 PM
 #95

The money is irrelevant. It doesn't matter if it's a dollar a day or one hundred dollars a day - these users are promoting a scam.

Oh dude, just don't write such things, it looks too pitty. If someone says to me in real life "the money is irrelevant/doesn't matter/this is just a paper" i mostly ask him to give me all his money. For now, noone agreed to do such things  Smiley

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.

It's a funny story:
My cooworker was from India. And one day, after teambuilding picnic we washed our plates. He looks a bit confused, and i asked him if it the first time when he washed something by himself. He answered "Yes, in India my family have service staff which is in fact another poor family and we pay them 1.5 dollars per day"

Maybe not he best way to tell about all India, but i doubt that 200 dollars in nothing in all India. Maybe in Deli or something like that it is not money, but in other part of country.

Maybe Russia isn't best example, but my post was response to post above, that if legally operating exchange would do such things like Yobit do, their owners would be imprisoned. But in reality, in Russia nobody knows who is owners of Yobit.
And I don't see people butthurting about legal status of Yobit. It's all about shady things they are doing.

Ok, i understand you  Smiley

Bitcoin maximalist
Reinforce your privacy! List of bitcoin mixers. Use wassabi wallet or samurai wallet. And don't forget about PGP!
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December 24, 2019, 01:03:18 PM
Last edit: December 24, 2019, 01:42:03 PM by Welsh
Merited by suchmoon (7), LoyceV (4), o_e_l_e_o (3), Halab (2)
 #96

It seems that Yobit will be the next big heist of Bitcoin, and users are too distracted about earning money to realize.

Well, at least this discussion has opened our eyes to the users who have morals, and those that are willing to lie down their morals for gain. The moderators, and Yahoo's opinion matter not, and even theymos' doesn't matter on this particular issue. However, what you decide for yourself does matter.

You either choose to continue earning a good living with Yobit's shenanigans or you keep your respect. I don't think you can keep both. Also, no one here is blaming Yahoo, and I'm not sure why users are even mentioning that fact. No one here is calling out Yahoo. Its quite clear that Yobit have terrible customer support, and communication even with someone they have hired.

Considering that its a law to offer customer support here in the UK, and they are willing to put that so low on their priority list speaks volumes. The whole company is unprofessional, and all they care about is earning a quick buck as evidenced by this InvestBox shit.

Are you guys not concerned how they have operated by dropping this investment scheme on their campaign manager without Yahoo being notified? They have directly put Yahoo's reputation under the microscope because if we didn't know better we would have been asking a lot more questions instead of defending Yahoo. If I was Yahoo, I'd be extremely pissed off with how they've suddenly dropped a new project which Yahoo doesn't agree with, and have acted like its no big deal.

As for Yobits exchange. You may have had a positive experience with them, but the company has shown that they are willing to operate a  shitty project on the side, and by that indication I personally recommend you don't support it, and stop using their exchange as well.

Maybe Russia isn't best example, but my post was response to post above, that if legally operating exchange would do such things like Yobit do, their owners would be imprisoned. But in reality, in Russia nobody knows who is owners of Yobit.
And I don't see people butthurting about legal status of Yobit. It's all about shady things they are doing.
Their whole operation would not be allowed to operate in several countries due to the way they go about business. I've mentioned that its a requirement for businesses to offer customer support, but it seems that they barely offer that. I can't believe how lazy they've been in announcing a new "project" with InvestBox, and all they initially gave was a paragraph saying its not a scam, and there's a special fund where everyone is 100% getting paid. That is ridiculous.

Oh dude, just don't write such things, it looks too pitty. If someone says to me in real life "the money is irrelevant/doesn't matter/this is just a paper" i mostly ask him to give me all his money. For now, noone agreed to do such things  Smiley:
I disagree completely. It does matter. Your morals should come before anything, and earning money, and advertising this scam is going to hurt a lot of users in the future.

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December 24, 2019, 01:14:35 PM
 #97

Well, at least this discussion has opened our eyes to the users who have morals, and those that are willing to lie down their morals for gain. The moderators, and Yahoo's opinion matter not, and even theymos' doesn't matter on this particular issue. However, what you decide for yourself does matter.

You either choose to continue earning a good living with Yobit's shenanigans or you keep your respect. I don't think you can keep both. Also, no one here is blaming Yahoo, and I'm not sure why users are even mentioning that fact. No one here is calling out Yahoo. Its quite clear that Yobit have terrible customer support, and communication even with someone they have hired.

Considering that its a law to offer customer support here in the UK, and they are willing to put that so low on their priority list speaks volumes. The whole company is unprofessional, and all they care about is earning a quick buck as evidenced by this InvestBox shit.

No matter what one's moral views are, a BTT user should not be penalized for promoting one of the most well known crypto exchanges.

Many crypto exchanges are engaging in unethical practices like fake volume, pump & dump schemes, shitcoin IEO's, etc. and yet they are still highly popular because they also manage to fulfill some really valuable duties like market efficiency and liquidity.

As numerous users have already noted, an analogy can be drawn between promoting Chipmixer and Yobit's InvestBox:

you can choose to be a smart investor and use Investbox to make 0.1% on your BTC monthly without ever investing in any of the shit coins, or you may choose to be a gambler and pursue some short term wild gains in the massively inflated shitcoins (similarly Chipmixer service can be used for illicit activites, yet the marketer cannot and should not be held accountable for a potential abuse of a service that has other net benefits to the ecosystem)...

I agree the wording of the signature can be revised to be more honest, but trying to frame hundreds of Cryptotalk / Yobit participants would be one of the most harmful things this forum can do to herself and its user base...

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December 24, 2019, 01:20:05 PM
 #98

Well, at least this discussion has opened our eyes to the users who have morals, and those that are willing to lie down their morals for gain. The moderators, and Yahoo's opinion matter not, and even theymos' doesn't matter on this particular issue. However, what you decide for yourself does matter.

Stop kidding.
What about your morality?
Yoshit or mixers, what is the difference?
I know many scammers who scammed people by using Bitcoin mixers in our country.
Bitcoin mixers and Yoshit,  both are part of the Bitcoin/Crypto ecosystem.

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December 24, 2019, 01:23:00 PM
 #99

No matter what one's moral views are, a BTT user should not be penalized for promoting one of the most well known crypto exchanges.

Many crypto exchanges are engaging in unethical practices like fake volume, pump & dump schemes, etc. and yet they are still highly popular because they also manage to fulfill some really valuable duties like market efficiency and liquidity.

As numerous users have already noted, an analogy can be drawn between promoting Chipmixer and Yobit's InvestBox:

you can choose to be a smart investor and use Investbox to make 0.1% on your BTC monthly without ever investing in any of the shit coins, or you may choose to be a gambler and pursue some short term wild gains in the massively inflated shitcoins (similarly Chipmixer service can be used for illicit activites, yet the marketer cannot and should not be held accountable for a potential abuse of a system that has other net benefits to the ecosystem)...

I agree the wording of the signature can be revised to be more honest, but trying to frame hundreds of Cryptotalk / Yobit participants would be one of the most harmful things this forum can do to itself and its user base...

I'm not sure how you can make this comparison. Chipmixer, can be used for illicit purposes yeah. Just like Bitcoin can, and cash can. I'm assuming you're referring to money laundering. However, we all use Bitcoin, and we all use cash. Chipmixer is a anonymity service which could potentially be used for illicit purposes, but so can cash.

Where as InvestBox have a special little fund somewhere, and are guaranteeing users that they will profit. Which is likely true in the early days of these tokens, and Yobit will continue "printing" these tokens off until they have earned enough profit before moving onto the next. What happens to the investors? They lose money, and users stop investing while Yobit push another token. Many users will end up losing money.

Also, we aren't trying to frame anyone. We are advising against changing your signature to InvestBox. If you have previously advertised Cryptotalk I don't care frankly.

Yobit controls when they stop supporting a coin, and Yobit knows that this will hurt many of its investors. Without any moral conviction they will move onto their next token, and promote that with 10% interest, and the whole process starts again. They'll continue supporting it until they believe it'll earn more by promoting a new, and exciting token. Investors will try to jump in early this time because they know the coin will be dropped eventually, and investors will be looking to get rid of the coin until it eventually reaches 1 satoshi, and no one buys it.

Well, at least this discussion has opened our eyes to the users who have morals, and those that are willing to lie down their morals for gain. The moderators, and Yahoo's opinion matter not, and even theymos' doesn't matter on this particular issue. However, what you decide for yourself does matter.

Stop kidding.
What about your morality?
Yoshit or mixers, what is the difference?
I know many scammers who scammed people by using Bitcoin mixers in our country.
Bitcoin mixers and Yoshit,  both are part of the Bitcoin/Crypto ecosystem.
You know many scammers that have scammed using a Bitcoin mixer? Give me some examples? Chipmixer allows users to mix their coins for privacy, and nothing more. If users are using the service to money launder that isn't the fault of Chipmixer or any other mixer for that matter or any other currency. Cash, has been known to be used for money laundering yet we don't all stop using cash on a daily basis.

Chipmixer promise no one that they will be earning interest, and will get money from a special fund. Chipmixer simply allows its users to have privacy. How is a service that allows privacy the same as one that is encouraging early investors to make money, knowing that they will make the decision to stop supporting a coin, move on to the next, and leave their investors getting hurt. They are going to be making the active decision to move onto the next token to earn more money.

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December 24, 2019, 01:26:31 PM
 #100

Great post Welsh..

You either choose to continue earning a good living with Yobit's shenanigans or you keep your respect.

Yobit has thouroughly disrespected our forum for a very long time..

I think they specialize in taking the dumbest of dumb money and must be good at it..

Yobit has bee at this game of setting up "investments" of the dumbest of dumb money for a very long time and just completely screwing investors out of their BTC.

For all that haven't been around for the history of Yobit, have a little history lesson here -   [ANN] YOVI - Yobit Virtual Coin - First Raise Only Market is Open! (2015)

They are a vacuum sucking the coin from inexperienced crypto users, taking advantage of them with these sorts of schemes, and this is nothing new..

Yobit knows that this will hurt many of its investors. Without any moral conviction they will move onto their next token, and promote that with 10% interest, and the whole process starts again. They'll continue supporting it until they believe it'll earn more by promoting a new, and exciting token.
That..
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