Katani
Newbie
 Offline
Activity: 2
Merit: 0
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September 23, 2014, 04:44:17 PM |
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Moolah had enough money because they are scammers and stealing from their customers - sent about 17k DGB from my desktop wallet to moolah and they have never appeared. Customer service is a disaster as well. Glad I have only sent small amount to try it for the first time - not to costly lesson. Don''t do same mistake...
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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bomboclat77
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October 15, 2014, 02:56:55 AM |
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looks like you were right. Good call OP
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MelodyRowell
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October 15, 2014, 06:53:07 AM |
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And now they are filling for bankruptcy. |
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FelixOliver
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October 15, 2014, 07:58:31 AM |
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Oh, so people still think that Mintpal & Moolah weren't always operated by the same group from the get go? Interesting. |
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darthcoin
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October 15, 2014, 08:12:48 AM |
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Oh, so people still think that Mintpal & Moolah weren't always operated by the same group from the get go? Interesting. Are people getting their money back? |
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ChekaZ
Legendary
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Activity: 1884
Merit: 1005
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October 15, 2014, 08:19:21 AM |
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Its obvious that its a ponzi-scheme, sad that it works out for him  |
BTC: 1Ges1taJ69W7eEMbQLcmNGnUZenBkCnn45
FTC: 6sxjM96KMZ7t4AmDTUKDZdq82Nj931VQvY
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thevampireskilledit
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October 15, 2014, 12:26:18 PM |
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The Quark Community has had a fair bit of contact and honestly these accusations seem pretty far fetched. The fact that there is a 1.5 week delay in delivering ATMs is irrelevant considering the speed with which these guys have been growing and adding services and the fact that they are moving to Ireland. There are more than enough legitimate reasons to account for minor delays, and their actions have spoken volumes about their integrity.
Vic
Trust your gut... |
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GamingUnleashed
Newbie
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Activity: 42
Merit: 0
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October 16, 2014, 05:23:05 AM |
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5000Bitcoins
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October 16, 2014, 08:29:51 AM |
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Hmm, it did strike me as odd that they were making a V2 remake of things.
Promising fee-less until end of the year, along with other incentives, and trying to increasingly say "the platform is done tomorrow! all coins will be integrated by then" to me, although I didnt want to say it, it seemed more like they were trying to get people to deposit on to the site, and when people start having trouble withdrawing their coins, or moving them freely, you know by default something is not right as in running a possible scheme. Having some insight of the costs of running an exchange I know they are not nearly as high as they say, and they need not as many employers as they had/have.
That being said, I believe their earlier business on Mintpal when it was thriving was to buy a lot of coins before they hit the exchange because coins always reached high volumes there and dumping would've gone unnoticed. Now that they could no longer operate as such, they had to take other means to do so
I think Mintpal is up to something, although not sure what, I'm sure they won't be held accountable for it either. They say people have until the last of October to withdraw their coins, but give them no option to do so.
I feel bad for everybody with coins there, I am not sure how it will turn out for them but hope for the best.
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btcfaucet
Full Member
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Activity: 166
Merit: 100
Bitcoin Faucet
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October 17, 2014, 05:51:15 PM |
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lynn_402
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October 17, 2014, 06:37:25 PM |
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Moolah had enough money because they are scammers and stealing from their customers - sent about 17k DGB from my desktop wallet to moolah and they have never appeared. Customer service is a disaster as well. Glad I have only sent small amount to try it for the first time - not to costly lesson. Don''t do same mistake...
I've sent PPC to my wallets on Moolah and they never appeared either, despite about 10 e-mails sent to support which always said "We'll notify the tech team, the problem should be solved in a few days". Last week, I can see through Peercoin's block explorer that the coins moved somewhere, probably to Alex Green's personal wallet... |
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btcfaucet
Full Member
Offline
Activity: 166
Merit: 100
Bitcoin Faucet
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October 17, 2014, 10:16:25 PM |
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Last week, I can see through Peercoin's block explorer that the coins moved somewhere, probably to Alex Green's personal wallet...
You mean Ryan Gentle's personal wallet. |
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lynn_402
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October 22, 2014, 12:59:47 PM |
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Last week, I can see through Peercoin's block explorer that the coins moved somewhere, probably to Alex Green's personal wallet...
You mean Ryan Gentle's personal wallet. And/or Ryan Kennedy. |
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TheJohn
Member
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Activity: 100
Merit: 10
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October 22, 2014, 01:51:12 PM |
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Yup its ponzi, same goes to mintpal..
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lynn_402
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October 22, 2014, 01:56:26 PM |
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Yup its ponzi, same goes to mintpal..
Well Mintpal was fine at first, it just went downhill when Moolah took over the management in August. |
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Ownski
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October 22, 2014, 06:37:53 PM |
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I posted this in the other thread, After reading this ( http://pastebin.com/VYpQ5CWA) I think I have a pretty good idea what this Ryan guy is trying to do. From everything that I got he was interested in developing a payment system/atm system similar to paypal for crypto currencies. A few things stuck out to me when I read the conversations. 1) Payment system (moo pay or w/e you wanna call it at this point) 2) ATM Machines 3) Copy of Bitcoin made in another language (red flag) From my experience in technology and business this is my take on what he has done and is trying to do in the future. What reason would someone need a clone of Bitcoin? Especially if they are running a payment company? This is a huge red flag. It looks like he is trying to setup a fraudulent payment company where people buy fake BTC that exist only in this payment system. Any BTC or $ that is transferred into the system gets deposited directly into his pocket and the victim is given a fake balance that only is reflected in the payment system. Wouldn't people be able to tell? If done right not at all. If a payment is made from one account to another that use the same payment system then its virtually undetectable. If someone makes a payment to a real BTC address then that is paid out legitimately as to go undetected same with withdrawals. Eventually if the company grows big enough more and more of the BTC will be logged in the fake BTC system while all the real BTC has been taken out (stolen). This is a very complex con, similar to a bank to a degree. I believe the mintpal transition was a test run if not a complete switch over to a fake BTC system. This would explain why people have balances but can't withdrawal them. The mintpal transition should have realistically only taken a few hours not days which would explain that there were probably bugs in the fake system that had to be addressed. My warning would be to be very cautious about any new payment systems of any sorts popping up within the next year. It will more than likely be him implementing above plan. |
Money is the oldest magic trick in the book.
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oxilore
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Activity: 1568
Merit: 1011
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February 16, 2016, 03:55:56 PM |
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