I'm posting this to make people aware of a potential change in reputation of someone relatively well known in the Crypto
community, and someone that I would not have expected this from. I will let people draw their own conclusions, but this
person is involved with many different projects, and care should be taken when doing financial or business transactions
with him, until he can explain the recent events. I know there are many people that have dealt with Jasin in the past with
absolutely no issue, in fact he had been very trustworthy.
ISSUE AT HAND - Fibonacci:
Jasinlee created Fibonacci.io and took pre-orders for Scrypt ASIC devices beginning on 3/17/14. There were many
postings by Jasinlee and others leading up to the opening of pre-orders and when you combine his postings with his
existing reputation in the Crypto realm, and his transparent identity, you have what appears to be a good investment! I
won't go into detail on his posts in the thread promising the moon prior to opening of pre-orders and well after that.
His posts and primary thread on the project can be read on Litecointalk.org at:
https://litecointalk.org/index.php?topic=2702.0The interesting part mixed in this release is an odd promotion to accept a relatively obscure coin called Cachecoin with
a significant discount over paying with BTC or LTC. At the time, I'm not clear if most knew that Jasin
was involved with the development of Cachecoin with Kalgecin. It had an odd flavor to it, and most should have realized
that there really was no logical explanation of Jasin accepting Cachecoin at a discount, unless he and others
were dumping it to those that began buying it because of the large discount.
My theory is that Jasin accepted Cachecoin as part of a scheme with Kalgecin to sell an otherwise worthless coin and
generate a false marketplace and temporary demand for the coin to allow them to sell their holdings at a significant premium.
Then, when ASIC's are "delayed", offer of Cachecoin refunds (at 1/50th of value) are allowed and they keep the profits from
selling at the premium price when they never intended to deliver a working product.
Fast-forward to August, with countless promises by Jasinlee to have an Exchange setup, ASIC delivered, and countless other
things, and there is no proof that has been provided that any work has even been done by Fibonacci towards a working ASIC. Questions are met with NDA statements, mysterious partners that stole coins, but then were recovered, and many other excuses
with no promises being kept.
Shill Accounts and Questionable BehaviorFurther digging into Jasin's online prescence, combined with what appears to be a scam with Fibonacci.io pre-orders and you
have some concerns raised.
Jasinlee's wife's account (one that is known) is named JRBUDDY2 on bitcointalk.com. Posts by her can be read at this link:
https://bitcointalk.org/index.php?action=profile;u=65023;sa=showPosts.
Note one particular thread of interest revolving around a website called coinsflip.com. This site appears to have been
created by Kalgecin, the creator of Cachecoin, and oddly enough, you have both Jasin and JRbuddy2 (wife) in the
thread promoting this site. Some other posters are complaining about fairness of the site, but here's what is relevant to
my post.
Kalgecin is developing the site, Jasin, while posting in the thread as what appears to be a noobie to the site, his wife
also posts under the ID of JRBUDDY2 as a player. They seem to be very happy with this site, and it's quite apparant why now,
it's because Jasinlee is actually the owner of the domain!
http://whatmyip.co/info/whois/207.30.158.106/k/1904453096/website/coinsflip.comSo, allow me some conjecture that Jasinlee, the owner of Fibonacci, developer of Cachecoin who was conspiring with his
wife's account, his own account and Kalgecin's account with coinsflip.com are the same exact players (with others)
involved in the SCRYPT ASIC debacle.
There are other threads in which you can see JRBUDDY and JASINLEE posting within, such as the Cachecoin thread discussing
buying and selling that give an odd appearance, but it's clear that Jasin has some questionable behavior, and is now sitting
holding a good deal of people's money with ASIC preorders that may have been taken under false pretenses.
Potential Options for ASIC Purchasers He has many, many ventures, and I made the mistake of trusting him with $18,000 worth of ASIC pre-orders because I did
my research on him, and knew everything about him that I needed to. I was wrong, sometimes things are not as they appear.
He has done a lot of good, Devtome.org appears like a decent project, but please heed this warning to beware of dealing
with him until he clears his name on this Fibonacci.io ASIC debacle.
If you did order an ASIC with Fibonacci.io, I suggest you file a report in all of these places:
http://www.flofr.com/staticpages/bureauoffinancialinvestigations.htmhttp://myfloridalegal.com/pages.nsf/main/18a7753257fe439085256cc9004ec4f7http://www.coj.net/departments/sheriffs-office/investigations-division/economic-crimes-unit.aspxYou may also choose to pursue legal action against Jasinlee. In Florida, where he lives, $5000 is the statutory limit for small claims (plus you can recoup fees, lawyer and interest on top of that), so any bigger orders will go the lawsuit route. None of us want to make lawyers rich off of this, but I don't take kindly to being scammed. Feel free to contact me for additional information or questions.
Personal CommentaryJasin is very good at manipulation and wordplay, so I'm sure he'll have an answer for every question, albeit empty and contentless. You have to read between the lines with Jasin. He has already attempted to discredit me by stating that I threatened his family in PM. Again, wordplay, as I told him that if he is scamming, his family won't see him for a while when he goes to jail for fraud. I did tell him I planned on pursuing legal and criminal action against him, so if that is the threat he speaks of, he is 100% correct. If he is referring to anything else, I hope he can provide the
proof of that libelous statement.
Wrap-upIn closing (TLDR) - Be wary of dealing with Jasinlee (Jasin Hudgins), Cachecoin, XC, Devtome, and any other projects that Jasin is
involved with, until he makes things right with people who purchased an ASIC from him nearly 5 months ago for a supposed July delivery.
