Bitmine Finance - Plagiarism whitepaper

[lovesmayfamilis]

What happened:  Plagiarism whitepaper

Flag type 1 (support/oppose): https://bitcointalk.org/index.php?action=trust;flag=2796

ANN Thread: https://bitcointalk.org/index.php?topic=5350235.0
Archive link: https://web.archive.org/web/20210722101801/https://bitcointalk.org/index.php?topic=5350235.0
Profile link: https://bitcointalk.org/index.php?action=profile;u=3358295
Website link: https://www.bitmine.finance/
Archive link: https://archive.st/hk6i
Whitepaper : https://www.bitmine.finance/whitepaper.pdf
Archive link: https://web.archive.org/web/20210712170211/https://www.bitmine.finance/whitepaper.pdf

Domain Name: bitmine.finance
Registry Domain ID: 5b859554db9e40828092919d175e54f0-DONUTS
Registrar WHOIS Server: whois.namecheap.com
Registrar URL: https://www.namecheap.com/
Updated Date: 2021-07-07T06:15:46Z
Creation Date: 2021-06-11T12:53:59Z
Registry Expiry Date: 2022-06-11T12:53:59Z

Domain Name: BITCOINNETWORKS.IO
Registry Domain ID: D503300001197488326-LRMS
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: http://www.godaddy.com
Updated Date: 2021-06-24T20:32:28Z
Creation Date: 2021-04-25T13:12:20Z
Registry Expiry Date: 2022-04-25T13:12:20Z

Plagiarism whitepaper : from:
https://bitcoinnetworks.io/documents/BitcoinNetworksToken1.01.pdf


https://copyleaks.com/dashboard/v1/businesses/report/ij2buhmtelv1u27s/preview?key=o2bryf0dc627qdmx&suspectId=2327f61615&viewMode=one-to-one&contentMode=html&sourcePage=1&suspectPage=1

[1714811298]

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[1714811298]

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[1714811298]

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[1714811298]

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[tvplus006]

In order to see the volume of the copied text, you need to follow the link published by the OP, because Screen grab will not allow you to fully realize the scale of plagiarism. The scammers almost completely copied the whitepaper.
The flag is supported.
PS: Added OP merits to the round number 2000)

[lovesmayfamilis]

Thank you.
It is noteworthy how quickly the posts of the "support group" were removed - bumping the group, fearing that their accounts would be painted red for supporting the project's scam.
https://ninjastic.space/search?topic_id=5350235.0
These accounts are likely needed for future scams.
And yes, this is 100% plagiarism, including drawings and stuff. I didn’t load the forum with pictures, as it’s clear without it that this is a scam.

[The Sceptical Chymist]

Nice catch, OP.  Looks like a lot of these DeFi projects are following the blueprints of many of the old ICOs, i.e., just plagiarizing the hell out of existing whitepapers and hoping nobody notices.  And I still don't know much about DeFi in general, but it wouldn't surprise me whatsoever if the entire space becomes overrun with scammers, thereby driving legitimate projects into the corner where nobody sees them.

I'm not sure if I'd go so far as to call the entire project a scam because they swiped parts of someone else's whitepaper, since it could just be laziness combined with a culture in which plagiarism is acceptable (and in some cultures it is), so I'm going to hold off on supporting the flag against Bitmine--but either way, it's not a good start for any project and I hope I'm not giving them too much of the benefit of my doubt.  Chances are they indeed scammers, just based on how many of these cases turned out to be exactly that, a scam. 

We'll see, I guess.  Is anyone keeping track of how many DeFi projects advertised on the forum have turned out to be scams?