Bitcoin Forum
January 23, 2020, 07:25:36 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: TrustUSD - misleading and full of fake coomments  (Read 217 times)
notblox1
Member
**
Offline Offline

Activity: 490
Merit: 51

To the Moon


View Profile
December 29, 2019, 05:53:54 PM
Last edit: December 30, 2019, 03:19:30 AM by notblox1
Merited by nutildah (2)
 #1

What happened:  Misleading ANN full of fake comments - suspicious fake stable token copy of TUSD

ANN Thread: https://bitcointalk.org/index.php?topic=5205460
Archive link: https://archive.is/9umGz
Profile link: https://bitcointalk.org/index.php?action=profile;u=2721770
Website link: https://unitedtrust.co/
Archive link: https://archive.is/wip/U9377

Quote
Domain Name: unitedtrust.co
Registry Domain ID: D9566B4D4332D4B9F9AA3EBEA18B0A740-NSR
Registrar WHOIS Server: whois.namecheap.com
Registrar URL: http://www.namecheap.com
Updated Date: 2019-10-05T13:58:07Z
Creation Date: 2019-04-13T17:00:20Z

They try to copy/paste other stable coins like TUSD with logo.
There is no real documentation on website
Nobody knows how their 'stable' coin works

What do you think about it?



1579807536
Hero Member
*
Offline Offline

Posts: 1579807536

View Profile Personal Message (Offline)

Ignore
1579807536
Reply with quote  #2

1579807536
Report to moderator
1579807536
Hero Member
*
Offline Offline

Posts: 1579807536

View Profile Personal Message (Offline)

Ignore
1579807536
Reply with quote  #2

1579807536
Report to moderator
1579807536
Hero Member
*
Offline Offline

Posts: 1579807536

View Profile Personal Message (Offline)

Ignore
1579807536
Reply with quote  #2

1579807536
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1579807536
Hero Member
*
Offline Offline

Posts: 1579807536

View Profile Personal Message (Offline)

Ignore
1579807536
Reply with quote  #2

1579807536
Report to moderator
bL4nkcode
Copper Member
Hero Member
*****
Offline Offline

Activity: 1428
Merit: 861


Jack of all trades, Master of none.


View Profile
December 29, 2019, 10:15:53 PM
 #2

Can't complain those are paid shills account bumping. Project having those activity are worst and cannot be trusted, though the coin have its price already, but its less than 1 usd having said that its a stablecoin.  Roll Eyes

..bustadice..         ▄▄████████████▄▄
     ▄▄████████▀▀▀▀████████▄▄
   ▄███████████    ███████████▄
  █████    ████▄▄▄▄████    █████
 ██████    ████████▀▀██    ██████
██████████████████   █████████████
█████████████████▌  ▐█████████████
███    ██████████   ███████    ███
███    ████████▀   ▐███████    ███
██████████████      ██████████████
██████████████      ██████████████
 ██████████████▄▄▄▄██████████████
  ▀████████████████████████████▀
                     ▄▄███████▄▄
                  ▄███████████████▄
   ███████████  ▄████▀▀       ▀▀████▄
               ████▀      ██     ▀████
 ███████████  ████        ██       ████
             ████         ██        ████
███████████  ████     ▄▄▄▄██        ████
             ████     ▀▀▀▀▀▀        ████
 ███████████  ████                 ████
               ████▄             ▄████
   ███████████  ▀████▄▄       ▄▄████▀
                  ▀███████████████▀
                     ▀▀███████▀▀
           ▄██▄
           ████
            ██
            ▀▀
 ▄██████████████████████▄
██████▀▀██████████▀▀██████
█████    ████████    █████
█████▄  ▄████████▄  ▄█████
██████████████████████████
██████████████████████████
    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
    ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
       ████████████
......Play......
Jating
Hero Member
*****
Offline Offline

Activity: 1358
Merit: 567



View Profile
December 30, 2019, 03:02:41 AM
 #3

Can't complain those are paid shills account bumping. Project having those activity are worst and cannot be trusted, though the coin have its price already, but its less than 1 usd having said that its a stablecoin.  Roll Eyes

Yeah, I quickly took a glance and damn, almost all of the post about this project is a shill account.

I also check their whitepaper, pictures of the people behind and it really looks very shady to say the list. So it's possible that this could be a scam project and hope that we can uncover them as early before they can scam a lot of newbie investors.

.
.
.
▄███████████████████▄
█████████████████████
████████████▀▀░░░░███
███████████▌░░░░░░███
███████████░░░░██████
███████████░░░░██████
████████░░░░░░░░░░▐██
████████░░░░░░░░░░███

███████████░░░░██████

███████████░░░░██████

███████████░░░░██████

███████████░░░░██████

▀██████████░░░░█████▀
▄███████████████████▄
█████████████████████
█████████████████████
████▀██████▀░░░▀▀▄███
████░░▀▀███░░░░░░▄███
████▀░░░░░░░░░░░▐████
████▄░░░░░░░░░░░█████
█████▀░░░░░░░░░▄█████

████▀█▄░░░░░░░▄██████

█████▄░░░░░▄▄████████

█████████████████████

█████████████████████

▀███████████████████▀
▄███████████████████▄
█████▀▀▀▀▀▀▀▀▀▀▀█████
███░░░▄▄▄▄▄▄▄▄▄░░░███
██░░▄█████████▀▀▄░░██
██░░███▀▀░░░▀▀▄▄█░░██
██░░██▀░▄███▄░▀██░░██
██░░██░░█████░░██░░██
██░░██▄░▀███▀░▄██░░██

██░░███▄▄░░░▄▄███░░██

██░░▀███████████▀░░██

███░░░▀▀▀▀▀▀▀▀▀░░░███

█████▄▄▄▄▄▄▄▄▄▄▄█████

▀███████████████████▀
▄███████████████████▄
█████████████████████
█████████████████████
██████████████▀▀▀████
██████████▀▀░░░░▐████
██████▀▀░░░▄▀░░░█████
████░░░░▄▄▀░░░░▐█████
██████▄▐█░░░░░░██████

███████▌▌░░░░░▐██████

████████▄██▄▄░███████

█████████████████████

█████████████████████

▀███████████████████▀
.
notblox1
Member
**
Offline Offline

Activity: 490
Merit: 51

To the Moon


View Profile
December 30, 2019, 03:17:19 AM
 #4

It is listed on this unkown exchange catex with unstable price of $0.01

And I see they now changed the logo... to avoid blatant copy/paste

 


joniboini
Legendary
*
Offline Offline

Activity: 812
Merit: 1247


Exchange Bitcoin quickly-https://blockchain.com.do


View Profile WWW
December 30, 2019, 05:22:44 AM
 #5

Scammy exchange for scammy tokens. Well deserved I guess?

Seriously though, nobody in their right mind would bother using this token.

notblox1
Member
**
Offline Offline

Activity: 490
Merit: 51

To the Moon


View Profile
January 07, 2020, 09:58:00 AM
 #6

Can some trusted members with higher ranks please tag and report all the people that are making fake posts in their topic?
nutildah
Legendary
*
Offline Offline

Activity: 1638
Merit: 2666


https://bitcoin.watfordfc.com


View Profile
January 07, 2020, 11:49:19 AM
 #7

Can some trusted members with higher ranks please tag and report all the people that are making fake posts in their topic?

I've never had success reporting these types of comments, but I did find plagiarism in the white paper and posted a warning there. Perhaps I'll tag some of the spammers that have receive a merit or two but I need to give them a bit more time to establish their pattern of spamminess.

  ▄▄█████▄▄███████▄▄
 ███████████
     ▀▀███▄
█████████████        ▀██▄
█████████████          ██▄
███████████            ██▄
██▀▀█████▀▀              ██
██                       ██
██                       ██
▀██                     ██▀
 ▀██                   ██▀
  ▀██▄               ▄██▀
    ▀███▄▄       ▄▄███▀
       ▀▀█████████▀▀
███████   INDUSTRY LEADING CRYPTO SPORTSBOOK   ███████
MULTI
CURRENCY
ONLINE
   CASINO   
DAILY PRICE
BOOSTS
FAST & SECURE
PAYMENTS
█████████████████████████
███████▀▀       ▀▀███████
████▀   ▄ ▀███▀ ▄   ▀████
███  ▄████▄ ▀ ▄████▄  ███
██  ▄ ▀███▀ ▄ ▀███▀ ▄  ██
█  ▄██ ▀▀ ▄███▄ ▀▀ ██▄  █
█  █▀ ▄█ ███████ █▄ ▀█  █
█   ▄███▄ █████ ▄███▄   █
██  ████▀ ▄▄▄▄▄ ▀████  ██
███  ▀ ▄ ▀█████▀ ▄ ▀  ███
████▄  ▀▀▄ ███ ▄▀▀  ▄████
███████▄▄       ▄▄███████
█████████████████████████
█████████████████████████
███████▀▀ █████ ▀▀███████
████▀    ▄█████▄    ▀████
█████▄▄█▀▀ ▄▄▄ ▀▀█▄▄█████
██▀███▀ ▄███▀███▄ ▀███▀██
█   █ ▄██▀     ▀██▄ █   █
█   █ ██         ██ █   █
█   █ ▀██▄▄█ █▄▄██▀ █   █
██▄███▄ ▀██▄▄▄██▀ ▄███▄██
█████▀▀█▄▄ ▀▀▀ ▄▄█▀▀█████
████▄    ▀█████▀    ▄████
███████▄▄ █████ ▄▄███████
█████████████████████████
.
.REGISTER NOW!.
notblox1
Member
**
Offline Offline

Activity: 490
Merit: 51

To the Moon


View Profile
January 07, 2020, 11:53:21 AM
 #8

I've never had success reporting these types of comments, but I did find plagiarism in the white paper and posted a warning there. Perhaps I'll tag some of the spammers that have receive a merit or two but I need to give them a bit more time to establish their pattern of spamminess.

Thank you.
They also did the same thing with their logo, but then they changed it after they saw I posted info about that.
tippytoes
Sr. Member
****
Offline Offline

Activity: 1022
Merit: 257

CryptoTalk.Org - Get Paid for every Post!


View Profile
January 07, 2020, 12:08:34 PM
 #9

I hope people are checking the trust of the OP before sending anything to this project. That alone will give them warning signal on not to spend any money on this potential scam in the making. Their European Coordinator linkedin profile seemed to be newly-created as he has only 3 connections.



Furthermore, their CEO has no profile photo in linkedin. And these CEO and CPO more than likely are brothers.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
YoBit AirDrop $|
Get 700 YoDollars for Free!
🏆
tmfp
Legendary
*
Offline Offline

Activity: 1694
Merit: 1608


"Common rogue from Russia with a bare ass."


View Profile
January 07, 2020, 10:52:17 PM
Last edit: January 08, 2020, 12:01:10 AM by tmfp
Merited by nutildah (1), notblox1 (1)
 #10

"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  Roll Eyes similarities which abound between the $132,000,000 failure 2017/18 "Basis" scheme and the destined to fail 2020 "TrustUSD" copycat scheme.


Quote from: Trust WP
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.

Quote from: Basis WP
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.. 

Quote from: TrustUSD
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.

Quote from: Basis
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..


Extraordinary Claims require Extraordinary Evidence
nutildah
Legendary
*
Offline Offline

Activity: 1638
Merit: 2666


https://bitcoin.watfordfc.com


View Profile
January 09, 2020, 10:15:28 AM
Last edit: January 09, 2020, 02:55:32 PM by nutildah
 #11

From the Maya Preferred 223 scam thread:

One thing about this MAYA crap that mildly interested me was the role of The Crypto Analyst in their pretty basic PR approach.
...
"The Crypto Analyst" is Brendan Viehman a know nothing kid who claims, like all know nothing kids, to be
Quote
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
Quote
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."

This might be a stretch but expounding on the Maya Preferred / TrustUSD connection:

I noticed that Amy has changed her telegram name to Rainbow Brite Amy (RainbowBrite85) and has not been seen since the 2nd of Jan and does not appear to be an Admin no more. I think she more then likely took their last pay of $200-$250 and packed it in. She knows it is a scam and tried to make me look like an idiot to have money and lead the others down a dark path of being scammed.

Edit: My suspicions where correct check out this https://ibb.co/C8pGcF6 she knew it was a scam all a long and did not care about anyone being scammed aslong as she got her money.... How evil.

This person is a member of the TrustUSD Telegram group:



And apparently one of the spammers for the TrustUSD thread:

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.

What are the chances that this person is also Brendan Viehman or part of his promotional team?

Regardless, their involvement is another sign that this project is a scam.

Edit: added a flag against this project.

  ▄▄█████▄▄███████▄▄
 ███████████
     ▀▀███▄
█████████████        ▀██▄
█████████████          ██▄
███████████            ██▄
██▀▀█████▀▀              ██
██                       ██
██                       ██
▀██                     ██▀
 ▀██                   ██▀
  ▀██▄               ▄██▀
    ▀███▄▄       ▄▄███▀
       ▀▀█████████▀▀
███████   INDUSTRY LEADING CRYPTO SPORTSBOOK   ███████
MULTI
CURRENCY
ONLINE
   CASINO   
DAILY PRICE
BOOSTS
FAST & SECURE
PAYMENTS
█████████████████████████
███████▀▀       ▀▀███████
████▀   ▄ ▀███▀ ▄   ▀████
███  ▄████▄ ▀ ▄████▄  ███
██  ▄ ▀███▀ ▄ ▀███▀ ▄  ██
█  ▄██ ▀▀ ▄███▄ ▀▀ ██▄  █
█  █▀ ▄█ ███████ █▄ ▀█  █
█   ▄███▄ █████ ▄███▄   █
██  ████▀ ▄▄▄▄▄ ▀████  ██
███  ▀ ▄ ▀█████▀ ▄ ▀  ███
████▄  ▀▀▄ ███ ▄▀▀  ▄████
███████▄▄       ▄▄███████
█████████████████████████
█████████████████████████
███████▀▀ █████ ▀▀███████
████▀    ▄█████▄    ▀████
█████▄▄█▀▀ ▄▄▄ ▀▀█▄▄█████
██▀███▀ ▄███▀███▄ ▀███▀██
█   █ ▄██▀     ▀██▄ █   █
█   █ ██         ██ █   █
█   █ ▀██▄▄█ █▄▄██▀ █   █
██▄███▄ ▀██▄▄▄██▀ ▄███▄██
█████▀▀█▄▄ ▀▀▀ ▄▄█▀▀█████
████▄    ▀█████▀    ▄████
███████▄▄ █████ ▄▄███████
█████████████████████████
.
.REGISTER NOW!.
notblox1
Member
**
Offline Offline

Activity: 490
Merit: 51

To the Moon


View Profile
January 09, 2020, 04:39:39 PM
 #12

I am supporting your flag @nutildah

I will not post in thier ANN topic and bump it up anymore.
It is full of 'trusd protectors'
tmfp
Legendary
*
Offline Offline

Activity: 1694
Merit: 1608


"Common rogue from Russia with a bare ass."


View Profile
January 13, 2020, 02:17:14 AM
 #13

I will not post in thier ANN topic and bump it up anymore.
It is full of 'trusd protectors'

I will and just have, because it's getting exposure for our observations for any newbies searching for it. Also, stupid shills post stupid shit if you engage them.
Stuff gets drowned in Scam Accusations these days, I usually cross post into the main threads too.

Extraordinary Claims require Extraordinary Evidence
Antoni4EVA1984
Member
**
Offline Offline

Activity: 116
Merit: 12


View Profile
January 18, 2020, 01:09:43 PM
 #14

Looks like Amy has changed her username once again to not be found, what a scum bag she is............. Anyways here is her new Telegram username @RainbowBrite5153
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!