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Author Topic: [ANN] $TRUSD an elestic yet stable digital asset  (Read 1695 times)
solosequenosenada
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January 10, 2020, 11:27:49 AM
 #61

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:

Quote
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:

Quote
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.

Don't trust, verify.
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January 11, 2020, 06:27:41 AM
 #62

@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  Grin

With the negative trust of the OP and the continuous support of its solid followers of this project, we will know few months from now who will gain from this project and how long they can survive. Can they survive for at least one or couple of years? And by the way, the title thread needs to be edited, "elestic" or should be elastic?
tmfp
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January 13, 2020, 01:48:09 AM
 #63

For some no doubt highly strategic reason (or maybe not), the college kids decided it would be a good idea to list this crap on Bitsten, an Indonesian shitexchange so obscure that even CMC won't list it amongst their 300 odd garbage.
This has had a couple of effects: an ETH pair CG listing with another kiss of death "low liquidity" rating, but also bursting the Telescam TrustUSD circlejerk bubble by forcing the pumpers into the real world, well the Bitsten group anyway, to justify its listing.
That didn't go too well....
PROTIP for Robtheetcetc: If your P&D shittoken has got a plagiarized and irrelevant White Paper like TrustUSD has, then maybe it's not the best idea to tell people haterzz to go and read it if you want to convince them you're legit.
And market manipulation isn't "organic".
Nor are 9 minute wash trades..





What else is new?
Brendan Viehman ("Marketing Specialist" at United Trust Co. a.k.a. "The Crypto Analyst" our motto: Shilling Scam Stablecoins is our Speciality! ) has been doing some washing too, of his Linkedin profile.
Gone is any reference to the MAYA/MAPR/DFS/U.K.Financial scam that he shilled for months on You Tube

Quote from: Last week's Linkedin profile
I have worked with numerous companies and projects such as TrustUSD (TRUSD) Maya Preferred 223 (MAPR), Digital Fantasy Sports (DFS)

Quote from: Today's Linkedin profile
I have worked with numerous companies and projects such as TrustUSD (TRUSD), Hyped on Crypto (HOC), and several others
And his "Crypto Journey" has been shortened by a year from a 2011 start to 2012. Much more believable.  Roll Eyes

And we mustn't forget RainbowBrite Amy, the Admin from the MAYA Telescam Group, and one more little white lie, naughty naughty Amy...  Shocked

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.
I've honestly only been trading crypto for a few months and,  I've been fairly lucky!
ETH:0xECC5f6E886AfbA3CE3599013BF0e7DbaB1dA266B

Some portfolio ya got there Amy!




Extraordinary Claims require Extraordinary Evidence
Antoni4EVA1984
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January 14, 2020, 12:20:04 PM
Last edit: January 17, 2020, 01:13:06 AM by Antoni4EVA1984
 #64

Some portfolio ya got there Amy!
I've honestly only been trading crypto for a few months and,  I've been fairly lucky!
ETH:0xECC5f6E886AfbA3CE3599013BF0e7DbaB1dA266B

These are Amy's wallets too, there is signs of Maya Coin being sold off with her other bags of shitcoins, these are the wallets she funnels other coins into showing from transactions from the wallet you posted above. Cheesy

https://etherscan.io/address/0x3d83e749238ef28d361d1260f64c982a29f140a7#tokentxns
https://etherscan.io/address/0xe74d015d0ef90f19d2f41a599b411e7f6fc4536f#tokentxns
https://etherscan.io/tokenholdings?a=0x85fc884fd2858bb3da9550defdbd2bb4c0ee7157

She could be reported easy to the authorities as we know her real name and location.

Edit: Amy was also the Admin for Bags Token tmfp and she left there to join Maya as they paid her more but the reason she told Bags Token she was leaving is that she had to have brain surgery (This is a true story bud) She constantly lies and supports scams for a little money without remorse for anyone.
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January 18, 2020, 01:09:06 PM
 #65

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
tmfp
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January 29, 2020, 05:09:30 PM
Last edit: January 29, 2020, 05:35:32 PM by tmfp
 #66

Elastic, yes.
Stable, no.
Asset, lolol.

Apparently, this is a bull flag...  Cheesy


Quote from:  TG, Rob, the man with all the answers
The reason people are dumping is simple... they're reading this chat, watching you all scared and they know they'll be able to get you to panic sell and get filled lower... 
Just as well that they're all
Quote
professional investors
then.....

Anyhow, good to see the lemonade stall boss Kalen has been so hard at work for the last four days, it's almost as if he's disappeared.


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Antoni4EVA1984
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January 31, 2020, 03:09:21 PM
 #67


Antoni4EVA1984
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January 31, 2020, 03:14:58 PM
Last edit: January 31, 2020, 03:29:02 PM by Antoni4EVA1984
 #68

Quote from:  TG, Rob, the man with all the answers
The reason people are dumping is simple... they're reading this chat, watching you all scared and they know they'll be able to get you to panic sell and get filled lower...  
This has to be the most used phrase in Crypto scams on Telegram Cheesy

Looks like Supreme Admin of Maya Preferred shilling this TrustUSD Amy Edgell AKA RainbowBrite, Aedgell61364 or what ever name she is going by now here has emptied one of her bag holdings of TrustUSD 2 days ago lol nice to see she dumps a project she SO believes in and then dis-regards all the other poor people getting scammed as long as she makes a buck. This woman is some peace of work. No good afterlife for her I can guarantee that.

From here
https://etherscan.io/address/0x3d83e749238ef28d361d1260f64c982a29f140a7#tokentxns

To here & then Catex to dump
https://etherscan.io/address/0xe74d015d0ef90f19d2f41a599b411e7f6fc4536f#tokentxns

Naughty Naughty Amy. You can not hide your scammy actions from me. Grin
Crytonex
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February 01, 2020, 06:42:47 PM
 #69

I hope to see trustusd get listed on more exchanges so as to enable it pump
Antoni4EVA1984
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February 02, 2020, 12:22:05 AM
 #70

I hope to see trustusd get listed on more exchanges so as to enable it pump

Behave it is a scam, it would be a dollar already if it was real.
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February 26, 2020, 11:11:41 AM
 #71


Helping out with an update here, in the absence of any corporate information.


I haven't checked the rest of the WP, reportedly there are more copy/pasted content from other sources. I think there is no need to give more evidence, above is more than enough.

Indeed.
Apparently Kalen Dangerfield (the CEO of the non existent United Trust co, "the American made and regulated, fully transparent and registered to the US government company" that operates TrustUSD) has run off with the proceeds of his nice little Pump and Dump is taking extended time out from communicating with his sect-like Telegram followers, in order to write a 'Brand New White Paper'.
Maybe he's bought some text spinner software.

Just a quick update on this "stablcoin's" progress.
No "Supply Adjustment" information for a month.
No new whitepaper. (Still haggling on MechTurk?)
The price is languishing around 10 sats and Dangerfield's absence (nearly a month) has been explained by the death of his grandmother.
He is too grief sticken to update or post anything for his dwindling band of bagholders, but strong enough to retweet MAGA crap on his Twitter feed.
He's left our MAYA pumping YouTube "analyst" in charge of the depressed TG group, who has established that it couldn't possibly be an exit scam because bagholders still have 40% of the worthless token issue. I suppose that makes sense to somebody.
Brings to mind the old poker quote

"If you can't see who the sucker is, then it's you."




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NixonsGhost
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April 11, 2020, 02:28:38 AM
 #72

Hello!

I am the new admin for TRUSD’s telegram, Golden.I just wanted to introduce myself and say to all of you, your concerns are have been heard and I will try and touch on each of them.

First and foremost I have noticed a lot of talk about Maya Coin on this thread. I have no affiliation with Maya Coin and the terrible things they have done to a lot people and some of my friends who were sucked into that scam. The way that Maya handled themselves is a disgrace to crypto.

Now, Amy / Rainbowbright or whoever she is now. Is not a part of this coins team and never was. If she chose to ride TRUSD’s coat tails then she did and she got her sats and is gone now. 🤷‍♂️ So let’s leave that subject in the dark alley it should be. Between the parties involved. TRUSD can not stop people from buying selling it’s coins.

Brendan the YouTuber I feel bad for. He has been blasted over and over and sometimes you just pick a bad egg. I know I have. But, these days you just can’t win. Brendan bought into Maya and then wanted to spread the word, he just didn’t know it was toxic and would eventually turn on him. I know if he could go back in time and tell his past self to stay away from Maya he would. When Keland has to step away Brendan was given control of the telegram to keep the peace, but he never asked for the responsibility of running the group nor had the time.

This is were I come in. I contacted Kalend I asked for the Admin role. Since I received the title I have been hard at work picking up the crumbs and trying to give the community what they deserve! I’ll get that after we touch base on Keland’s absence.


Yes, Keland has been away, but he did stop in to post his reasons and a little up date to the community..

“ Hello TrustUSD Community,

I am writing to you as I’m boarding my plane, but I’d like to give you all a much-needed update in regards to the previous months. I will start by saying I am so sorry for my abrupt tardiness. I want you all to know it wasn’t intentional. Throughout my life, I honestly had never really had to deal with a person really important in my life pass away. It really took a toll on me mentally, physically, and emotionally. I am writing this to you as if I’m writing the journal, so it’s sincerely from the heart. What I failed to consider was the fact that I have a committed and dedicated support group right here, but at the time I wasn’t thinking clearly. I love this project with all of my heart. I spent a lot of time, effort, and money to put my vision to work, and this is simply a bump in a long, winding road. Also, if you didn’t know, I relocated to a new city, so once the tornadoes hit my home state, I had to fly back home immediately because their house was completely destroyed. For me, it felt like one bad thing after another happened, and it just hit me really hard. I am giving admin title to Gold Rebellion so he can handle the Telegram aspect, while we work behind the scenes to get back on track. In May, we will have a $35,000 investment to use for healthy support numbers which will be great. I am en-route to the Virgin Islands for a mission trip, so my reception will be bad, but I’ll try to come in from there! I hope all of you are staying safe from the problems we face in the world.

Please know of my prayers and the prayers of thousands of people for you,

Kalen Dangerfield”

We all react to things different and sometimes we need time away to get better. But, when you are the leader with a few team member’s it’s hard. This all could of been handled better. But, when your in crisis mode. You just need to get out. So for the time being. I am pushing forward, and he will return in May.  

The 48hour Burns were a nice gesture. But ultimately they were doing nothing. They were actually hurting TRUSD.
By burning the unused supply we were:

1. Burning our marketing funds (airdrops, competitions)
2. Burning dev funds (bounty programs)
3. Burning our future investment capital. (listing on bigger and better exchanges)

One of the main problems was market manipulation to get the coin to reach its’s maximum burn potential. It was was obvious. Even Kalend doing buy backs everyday, placed as support, was being dumped into buy these Satoshi scalpers.

The second thing I would to like address is the monthly interest plans. Last month’s did not go out. I was not a part of the project then. But, I would like to express my apologies on this matter. I can also not make up for that lost interest at this time when Kalend returns he can touch base on this.

Moving forward the interest plans will be moving to Catex’s passive income plan. This will make everything more fluid and take human error out of the equation.

I urge you to read the article called Burntrest A RobinHood Initiative it can be found here:   https://link.medium.com/ZpyWTXInA5

This article goes deeper into burns, buy backs, & how we will handle interest plans in the future. There are also a few other articles there to catch you up to speed.

What have I been doing?

I’m sure you all noticed the twitter account was suspended. We pissed off Twitter and they won’t give it back🤦‍♂️ So we have a new one @TRSTUSD follow along to stay up to date.

I integrated CCtip bot to help reach further audiences on twitter

I have added an invitee/inviter airdrop. Dirst join our telegram then invite friends. When your friend joins type grab and you both split 1 TRUSD. So start inviting!

I have added a tipbot in our Telegram room. Stay active to receive some rain!

I have started a liquidity pool on Uniswapdex.com you can add to it now. Which you can earn a % of each 3% transaction fee depending on the amount of the pool you control.  Just search TRUSD on uniswapdex.com to get started.

I listed TRUSD on Bamboorelay.com

More Exchanges are coming! Just give me some time💪

I also have something really cool for us that I have been working on with the Verisafe team. But it’s not quite ready to be discussed.

I will be writing a lite paper for TRUSD in all my free time. Which will show the direction and loose roadmap so we can put they old white paper to bed 6ft underground.

I will start adding updates to this thread as well. I don’t often use bitcointalk so if you have a real concern please dm me on telegram!

I will do my very best to keep this a solid project with a positive vibe! Just stay with me and let’s work as a team to be unbanked and successful.

Cheers & happy trading,
Golden
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April 11, 2020, 09:38:37 AM
Merited by nutildah (2)
 #73


Keland....Kalend....Keland.....

Kalen is your absentee boss's name. K-A-L-E-N.

That's Kalen Dangerfield who, despite family bereavement and tornadoes forcing him to grief-strickenly abandon his shit token after its pump and dump, still managed, throughout all adversity, to find time to regularly tweet his MAGA shit

Quote
2,800 people worldwide have been killed from the coronavirus..
0 people in America have been killed from the coronavirus.
In other news, socialism has killed 100 million people in the last 100 years.
 

Of course, extreme politics and successful crypto currencies are not mutually exclusive, I mean look, for example, at Roger Ver.....

Hello!
<snip> litany of bullshit excuses and justifications <snip>

Cutting to the chase, it's quite simple.
TRUSTUSD is the shittiest of shitcoins.
It has no function.
It has no value.
It has no reason to exist.*

*apart from one last pump for the Golden bagholders.


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NixonsGhost
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April 12, 2020, 03:25:51 AM
 #74

Oh man. What a silly mistake that was. Yes, you know how to spell better then me and my spell check. Being locked inside with family and working makes it hard to focus sometimes. But, details are in the pudding. Thanks for keeping me straight on the spelling.  K A L E N, there. I think I got it this time. I actually called him Karen once lol.  We’ll just call him K for now. But, joking aside. I’m going to do my damndest to change your mind! Just keep watching. I’m working on a lot of things and as they start to fall in place I hope it all comes to light.

Our place in the ecosystem of crypto hasn’t yet been solidified and like so many coins before us they were all shit coins before they were good coins. There’s always hiccups along the road. This week I am going to put together a light paper and you can trash it😊 Then I will fix what you circle as garbage. In fact I would love to give you the opportunity to work with me? What are you looking for in a crypto? What game changing thing would you do?
Cheers mate!
Love the banter.
Golden.

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