[IPO] CoinPal - Crypto-Currency Exchange & Profit Switching Mining Pool {NEW}

[RyanMilligan1]

They're meant to be used in large quantities. Typically in USB hubs 20-40 in size. It's a poor man's ASIC if you got enough.

Sure, but even 100 of these is still only going to ever give you 1 BTC, so from a ROI perspective it just doesn't seem to be worth it!

This is why you need to be able to read psychology in people in the investment world sometimes.

I invested knowing little about the investor, after a week - look at what I did. Exposed that he is at the least a massive let down and a plain liar.

I was ridiculed for it... Now, I have PM's of gratitude and thanks for what I did. You can't hide triggers when someone can push your buttons even over the internet. Things shine through. Ryan Gays were easy to pick up on. BadPeanut did the detective work to pull real evidence for you all, and you still trust Ryan Gay?


Why? Cause he pays you dividends? Dividends that should be much larger. I was given the 22nd as the date the debt collectors would get back to me on a paper trail of money from me to him to its then location from that point. Please have bought mining gear Ryan, I'd like to have  it seized and already have plans in place for someone in the same state to mine with what you told us you bought. I pay electricity, he takes 15%, I would supply everyone with 1000 shares at least there money back within two weeks and then I would continue the mining as he is probably making a good few thousand a day just now if he actually knows how to mine and if he used our investment for the mining equipment.


Had I not done this, he would walk away $$$$$$$ up and you would be left sulking. This isn't a guy you can trust. EVEN if its launched; EVEN if it becomes the biggest exchange in the world.

Corporations like that are trustworthy... Does anyone remember MtGox??

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[MrWDunne]

They're meant to be used in large quantities. Typically in USB hubs 20-40 in size. It's a poor man's ASIC if you got enough.

Sure, but even 100 of these is still only going to ever give you 1 BTC, so from a ROI perspective it just doesn't seem to be worth it!

This is why you need to be able to read psychology in people in the investment world sometimes.

I invested knowing little about the investor, after a week - look at what I did. Exposed that he is at the least a massive let down and a plain liar.

I was ridiculed for it... Now, I have PM's of gratitude and thanks for what I did. You can't hide triggers when someone can push your buttons even over the internet. Things shine through. Ryan Gays were easy to pick up on. BadPeanut did the detective work to pull real evidence for you all, and you still trust Ryan Gay?


Why? Cause he pays you dividends? Dividends that should be much larger. I was given the 22nd as the date the debt collectors would get back to me on a paper trail of money from me to him to its then location from that point. Please have bought mining gear Ryan, I'd like to have  it seized and already have plans in place for someone in the same state to mine with what you told us you bought. I pay electricity, he takes 15%, I would supply everyone with 1000 shares at least there money back within two weeks and then I would continue the mining as he is probably making a good few thousand a day just now if he actually knows how to mine and if he used our investment for the mining equipment.


Had I not done this, he would walk away $$$$$$$ up and you would be left sulking. This isn't a guy you can trust. EVEN if its launched; EVEN if it becomes the biggest exchange in the world.

Corporations like that are trustworthy... Does anyone remember MtGox??

Pretty much every scam in the history of bitcoin appeared trustworthy

[SamboNZ]

BadPeanut did the detective work to pull real evidence for you all, and you still trust Ryan Gay?

While there has certainly been some interesting information uncovered, there is not a single smoking gun amongst them.  All we have is a bunch of facts which possibly relate to CoinPal's legitimacy in some way, but which, at the moment, can't be used to draw any kind of concrete conclusion with IMO.

[RyanMilligan1]

BadPeanut did the detective work to pull real evidence for you all, and you still trust Ryan Gay?

While there has certainly been some interesting information uncovered, there is not a single smoking gun amongst them.  All we have is a bunch of facts which possibly relate to CoinPal's legitimacy in some way, but which, at the moment, can't be used to draw any kind of concrete conclusion with IMO.

It's in black and white, he is the registered owner. How many times does he need to put back launch because of X reason until you realise that you are being lied to yet again.


From our emails alone, I could tell he was a total, for lack of better phrase - 'Drama Queen'. That is what gave him away to begin with.


I wrote to him letting him know that I was the guy who had just bought a huge chunk of his business. Immediately I was bombarded by 3 or 4 emails in what seemed like a frantic ADHD type manner. When all I expected was a 'Welcome to coinpal. Here's how your investment will be used....'

[MrWDunne]

That is scary. You should know exactly where every penny goes if you are a major investor...

[SamboNZ]

BadPeanut did the detective work to pull real evidence for you all, and you still trust Ryan Gay?

While there has certainly been some interesting information uncovered, there is not a single smoking gun amongst them.  All we have is a bunch of facts which possibly relate to CoinPal's legitimacy in some way, but which, at the moment, can't be used to draw any kind of concrete conclusion with IMO.

It's in black and white, he is the registered owner. How many times does he need to put back launch because of X reason until you realise that you are being lied to yet again.

There is no dispute that he is the registered owner, what we can't confirm is whether his reasons for delaying the launch are legitimate or not.  But that's all we have; unsubstantiated suspicions.  There is no hard proof of anything.

[MrWDunne]

BadPeanut did the detective work to pull real evidence for you all, and you still trust Ryan Gay?

While there has certainly been some interesting information uncovered, there is not a single smoking gun amongst them.  All we have is a bunch of facts which possibly relate to CoinPal's legitimacy in some way, but which, at the moment, can't be used to draw any kind of concrete conclusion with IMO.

It's in black and white, he is the registered owner. How many times does he need to put back launch because of X reason until you realise that you are being lied to yet again.

There is no dispute that he is the registered owner, what we can't confirm is whether his reasons for delaying the launch are legitimate or not.  But that's all we have; unsubstantiated suspicions.  There is no hard proof of anything.

Theres no hard proof that Mark Karpeles was a scammer, nor that TradeFortress was.

[SamboNZ]

BadPeanut did the detective work to pull real evidence for you all, and you still trust Ryan Gay?

While there has certainly been some interesting information uncovered, there is not a single smoking gun amongst them.  All we have is a bunch of facts which possibly relate to CoinPal's legitimacy in some way, but which, at the moment, can't be used to draw any kind of concrete conclusion with IMO.

It's in black and white, he is the registered owner. How many times does he need to put back launch because of X reason until you realise that you are being lied to yet again.

There is no dispute that he is the registered owner, what we can't confirm is whether his reasons for delaying the launch are legitimate or not.  But that's all we have; unsubstantiated suspicions.  There is no hard proof of anything.

Theres no hard proof that Mark Karpeles was a scammer, nor that TradeFortress was.

Correct, this is still going through the legal system.  When all is done and dusted, THEN we will know if he is a scammer or not.

I'm not familiar with TradeFortress, so can't comment on that one.

[MrWDunne]

BadPeanut did the detective work to pull real evidence for you all, and you still trust Ryan Gay?

While there has certainly been some interesting information uncovered, there is not a single smoking gun amongst them.  All we have is a bunch of facts which possibly relate to CoinPal's legitimacy in some way, but which, at the moment, can't be used to draw any kind of concrete conclusion with IMO.

It's in black and white, he is the registered owner. How many times does he need to put back launch because of X reason until you realise that you are being lied to yet again.

There is no dispute that he is the registered owner, what we can't confirm is whether his reasons for delaying the launch are legitimate or not.  But that's all we have; unsubstantiated suspicions.  There is no hard proof of anything.

Theres no hard proof that Mark Karpeles was a scammer, nor that TradeFortress was.

Correct, this is still going through the legal system.  When all is done and dusted, THEN we will know if he is a scammer or not.

I'm not familiar with TradeFortress, so can't comment on that one.

TradeFortress was inputs.io, they were "hacked" and lost several thousand BTC. (Why would that be in a hotwallet?)

Also the legal system doesn't say much, I'm a little confused as to why are you defending him?

[SamboNZ]

Also the legal system doesn't say much, I'm a little confused as to why are you defending him?

I'm not defending anyone, I'm merely pointing out that we have no hard evidence of anything; be it a scam or a legitimate enterprise.

[MrWDunne]

Also the legal system doesn't say much, I'm a little confused as to why are you defending him?

I'm not defending anyone, I'm merely pointing out that we have no hard evidence of anything; be it a scam or a legitimate enterprise.

Okay, can you put some odds on this? (Not to make a bet, just opinion).

For me its 99% certain scam.

[SamboNZ]

Also the legal system doesn't say much, I'm a little confused as to why are you defending him?

I'm not defending anyone, I'm merely pointing out that we have no hard evidence of anything; be it a scam or a legitimate enterprise.

Okay, can you put some odds on this? (Not to make a bet, just opinion).

For me its 99% certain scam.

Sure; my personal opinion, based on the research I've done and all the information I have to hand, is that there is a 75% chance that this is legit, and that's me being cautious.

[MrWDunne]

Also the legal system doesn't say much, I'm a little confused as to why are you defending him?

I'm not defending anyone, I'm merely pointing out that we have no hard evidence of anything; be it a scam or a legitimate enterprise.

Okay, can you put some odds on this? (Not to make a bet, just opinion).

For me its 99% certain scam.

Sure; my personal opinion, based on the research I've done and all the information I have to hand, is that there is a 75% chance that this is legit, and that's me being cautious.

75% legit or 75% scam?

Either way, this guy is not someone you want running an exchange. I doubt anyone would even use it after this debacle.

Anyhow, I need to get some sleep. I've watched far too much Fresh Meat ^{(no thats not porn)}

[SamboNZ]

Sure; my personal opinion, based on the research I've done and all the information I have to hand, is that there is a 75% chance that this is legit, and that's me being cautious.

75% legit or 75% scam?

Either way, this guy is not someone you want running an exchange. I doubt anyone would even use it after this debacle.

Anyhow, I need to get some sleep. I've watched far too much Fresh Meat ^{(no thats not porn)}

LOL, all that (non) porn must be making you blind too , see highlighted text above

Edit: And you may well be correct, but I'm irrevocably committed now, so I guess all I can do is hold on for the ride

[MrWDunne]

Sure; my personal opinion, based on the research I've done and all the information I have to hand, is that there is a 75% chance that this is legit, and that's me being cautious.

75% legit or 75% scam?

Either way, this guy is not someone you want running an exchange. I doubt anyone would even use it after this debacle.

Anyhow, I need to get some sleep. I've watched far too much Fresh Meat ^{(no thats not porn)}

LOL, all that (non) porn must be making you blind too , see highlighted text above

Edit: And you may well be correct, but I'm irrevocably committed now, so I guess all I can do is hold on for the ride

I did read it correctly, but the number was so high I thought it was a typo.

Also, if you are bored it is an excellent show.

[GT3000]

BadPeanut did the detective work to pull real evidence for you all, and you still trust Ryan Gay?

While there has certainly been some interesting information uncovered, there is not a single smoking gun amongst them.  All we have is a bunch of facts which possibly relate to CoinPal's legitimacy in some way, but which, at the moment, can't be used to draw any kind of concrete conclusion with IMO.

It's in black and white, he is the registered owner. How many times does he need to put back launch because of X reason until you realise that you are being lied to yet again.


From our emails alone, I could tell he was a total, for lack of better phrase - 'Drama Queen'. That is what gave him away to begin with.


I wrote to him letting him know that I was the guy who had just bought a huge chunk of his business. Immediately I was bombarded by 3 or 4 emails in what seemed like a frantic ADHD type manner. When all I expected was a 'Welcome to coinpal. Here's how your investment will be used....'

I would love to see these emails.

[badpeanut]

Ryan M. is right, if Coinpal ever gonna launch this Ryan G. cant be trust. If he is the partner of Americanbit that lost 50 btc over trading that he wasnt aloud for with investors money, im sure share holders of Coinpal are doomed for the future.

Tomorrow will be our 1st month anniversary of Coinpal launch  

[Zebedee23]

Come on guys anything thinking Coinpal is anything other than a straight out scam is kidding themselves. I understand why, no1 wants to lose money/btcs. First of all learn a hard lesson here and atleast even though Ryan G is a scammer hes a crap one cause he didnt hide is identity, idiot!!! So now everyone knows who he is, where he lives, his famillies business so at the very least his name can be forever rubbed into the dirt and there is a very real possibility of recourse through legal action, how worth it it wld be is debatable, but if i were you id fucking do all i cld to get the cunt he shouldnt be able to get away with this shit and of all the many scams iv heard off this one there is a very good case to take this prick thief to the cleaners. Start hasling his dad loads and calling local media, and fuck saying his dad has nothing to do with it cause he does, Ryan G was working for him at the time , even used work computers. Get this cunt please! I hate scammers. My condolences to anyone who lost money in this! Also really cryptostocks should be notified that this is a straight up scam cause he is still selling shares like nothing has happened, scamming other people out of their hard earned bitcoins!

[SamboNZ]

Again, where's the hard proof that this is a scam?

[badpeanut]

Again, where's the hard proof that this is a scam?

So what about the dividend between 20th April and 1st May. We didnt get any dividend and in his announcement on May 1st was

"I wanted to post this announcement first, and I will release a dividend tonight as well.  I will discuss making up for the ones missed in the next post"

Either i have overlooked something or he never mention about the lost dividend again. He never gave a reason why the dividend was not paid to the share holders. The only reason the trading being halted on those dates were he mention there was a flawn in the exchange but that doesnt mean there is a flawn in the mining gear, right? So where is our dividend?

He should stop stalling and pay it today, its almost been a month now and the longer he wait the lesser the cut will be for the old investors. Because new investors join everyday and we have to split the dividend over more shares.