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Author Topic: Is franky1 making libellous statements about BitRefill?  (Read 340 times)
DooMAD (OP)
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February 17, 2020, 12:29:39 PM
 #1

Topic in question:  https://bitcointalk.org/index.php?topic=5223497.20

Specific quotes:

if you go check that topic thread and read the post from above mine in that topic .. you now the one made by bitrefill.. you know the one you merited... you would read

'Channel rules are established between the two parties that enter them, it is voluntary. That means you can agree to any rules you want. If you use rules that are different than other LN wallets or the rest of the network, you will be limited to a subnetwork of people using the same rules. Turbo channel opening requires a custom channel, '

they are playing by their own rules to have the ability to open channels with millisat balance thats not pegged to a confirmed and locked bitcoin blockchain tx'

its bitrefill that should make it absolutely clear that people are accepting unbacked balance.
again shame on you for making it out the user is in the wrong for opening the channel

most users/consumers using these custom rule lite wallets. think its the same rules. think all LN millisats are backed. they are not coders or know how to check things. they just like many consumers blindly trust the PR thats been spouted out. again they are not coders. so yes they are unware of what they are agreeing to. but agree anyway because they are given millisats at a discount. they dont see they are given unbacked millisats

these wallets do not have a button of terms and conditions that in bold tell people that the balance is not pegged. it doesnt tell them the critical stuff.. its just a open channel to get milliats. and the person says yes they want them millisats.. without any consideration if those millisats are backed pegged to a real bitcoin confirmed tx lock of funds.

you are an absolute fool.
but its nice to know you admit now that you feel its ok to have unbacked balance in LN.. but shame your blaming the user for having unbacked balance by saying they agreed to it. you really dont care about users security or having a payment sstem thats as strong as what bitcoin is. total shame on you.

whats next blame users for being suckered into the HYIP schemes that are starting up in LN. do you have any moral/ethics to actually care about users experience and user risk. or are you just mr exagerated positive PR guy wanting to fame up LN under the FALSE pretense that its thought to be linked to bitcoin because people throw the buzzword around alot.

even thor turbo admits to this by saying their unbacked channels are customary and usually those accepting unbacked balance are using their software varient..

I'm not a lawyer or anything, but it looks like a slam-dunk defamation case as far as I can see.  No less than three totally unjustified accusations of unbacked balances being sold to the public.  Plus a comparison to a HYIP scheme to boot.

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February 17, 2020, 02:40:59 PM
 #2


franky is a great poster and member so seems unlikely he would try to misrepresent the situation intentionally.

I know people that use bitrefill and have been happy generally so it would be strange for anyone to try to cause then problems, these are very useful services until we have more widespread direct adoption

if there is a way to demonstrate he is clearly incorrect then I'm sure he would redact

what is your angle ? not that it is relevant, I was just curious.




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February 17, 2020, 05:26:15 PM
 #3

I'm not sure about other statement since i'm not export nor fan of LN, but comparing BitRefill with HYIP scheme is very ridiculous.
I'm probably even less of an expert since I know very little about LN or Bitrefill, but what franky1 wrote sounds like just about any other post that's raging against something on the forum.  It's one thing to have a negative opinion about something (like mine with the Keepkey hardware wallet) and something entirely different to misrepresent facts and accuse someone of wrongdoing when they didn't do anything wrong. 

And I'm not a lawyer, either, but I don't think franky1's statements rise to the level of libel.  I do think it would probably be a good idea for Bitrefill to refute what he's written if Bitrefill does indeed have a forum account--that way, any reader of that thread can make up his/her own mind.

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February 17, 2020, 05:38:55 PM
 #4

He is a full-time forum troll and a bitcoin hater. Considering that heavy trolling is against the forum rules I am surprised he is still around.

Old members know this piece of shit very well. He is against every major bitcoin update there is because blorgstream bla bla bla typical Roger funded fuckface

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February 17, 2020, 05:55:01 PM
 #5

I'd call it "misguided", perhaps "fallacious", rather than "libelous". And he's not really comparing BitRefill to HYIP, what he's saying sounds like just a slippery slope fallacy.
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February 17, 2020, 06:40:46 PM
 #6

Imho he is 100% against SegWit and LN as part of Bitcoin, hence he's trying to convince everybody (by all means!) that Bitcoin going in this direction is a mistake. This sums it up.

PS. Obviously the "by all means" part is the problem.

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February 17, 2020, 06:59:40 PM
 #7

Imho he is 100% against SegWit and LN as part of Bitcoin, hence he's trying to convince everybody (by all means!) that Bitcoin going in this direction is a mistake. This sums it up.
He's been going at that for a very long time, continuously repeating the same thing over and over again: "LN uses milli-satoshi". So what? If you don't like it, don't use it.
Bitcoin Discussion should show Trust ratings, that would make it clear not to trust him.

I'd like to give him 10 sat in LN, so he has 10,000 milli-sats and shouldn't ever have to worry about losing a fraction of a satoshi in rounding when closing a LN channel

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February 18, 2020, 02:32:50 AM
 #8

Surely in this case it's the same as suing a dog for pissing on your lamppost. They can't help it. It's just what they do.

The screeds of excruciatingly boring shite on this subject are as predictable as the sun rising in the morning. A broken chatbot programmed by a mong with 3 tape recorded phrases to work with would be less predictable. Am impressed anyone can be arsed to read anything considering we already know what it'll be.

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February 18, 2020, 08:29:49 PM
 #9

It's libelous there is no doubt about it, but can him constitute a libel? I don't think so, in order for it to become libel other users must believe what he is saying and Bitrefill's reputation is actually being damaged by it or actually cause harm with their business. Him being a known troll in the forum simply makes him unbelievable in the first place and judging how the thread is going I don't think a lot of people have read or even care with what they are talking about. Not until Bitrefill's revenue are affected and they have connected that franky1's statement is the reason why it is happening I don't think anyone can file a libel claim against him. 
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February 20, 2020, 02:23:36 AM
 #10

Franky will always lose his marbles when it comes to anything related to LN.
Unfortunately for him, his arguments are really pathetic and most of the time when he enters discussions he has no clue about what he is talking, no wonder he was banned from certain sections fo the forum.

I remember when he was explaining to me how profitable an s15 is he said that if you have one of the 1 million s15 forming of the global hashrate, when your pool mines a block you will also get 1/1mil of the reward, and obviously zero when it doesn't mine a block.  Grin
Oh and the dams that can be built endlessly on every river because we can simply dig the river bed to sea level....

Best is to ignore him when it comes to his usual drama!
Too bad, if we ignore his segwit/LN/bitmain problems he is a decent guy.
 


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February 20, 2020, 01:17:40 PM
 #11

He's highly annoying and sometimes a flat-out troll but on occasion I've been forced to learn something just to be able to counter his bullshit, so in that way, I don't mind, and as previously echoed in this thread I think he's mainly harmless.

Franky will always lose his marbles when it comes to anything related to LN.
Unfortunately for him, his arguments are really pathetic and most of the time when he enters discussions he has no clue about what he is talking, no wonder he was banned from certain sections fo the forum.

I remember when he was explaining to me how profitable an s15 is he said that if you have one of the 1 million s15 forming of the global hashrate, when your pool mines a block you will also get 1/1mil of the reward, and obviously zero when it doesn't mine a block.  Grin
Oh and the dams that can be built endlessly on every river because we can simply dig the river bed to sea level....

Don't you care about major lightning nodes running fractional reserve banking based on the rounding of millisats???



Best is to ignore him when it comes to his usual drama!
Too bad, if we ignore his segwit/LN/bitmain problems he is a decent guy.

This is also true.

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February 21, 2020, 12:44:08 PM
 #12

Why would Bitrefill or any other cryptocurrency service bother to take someone to court over something as harmless as that? If they disagree with him they're better off refuting his allegations.

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February 21, 2020, 02:24:38 PM
 #13

Why would Bitrefill or any other cryptocurrency service bother to take someone to court over something as harmless as that? If they disagree with him they're better off refuting his allegations.

I probably could have been clearer in the OP, but bitrefill have already refuted the allegationTwice, in fact. 

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