Why I left HyperFund - Grab Popcorn - Greedy Dev - Screenshots Inside

[wonderloops]

Just finished reading about the whole thing.

Though I'm no fan of anything related to a premine, the dumbest thing the dev could do is to give you control over the fund (no offense).
You we're looking for a good pay-day, I respect that. But until you have actual proof of devs dumping, this whole thread is just for show.

Good luck.

I negotiated the fee when the coin wasnt worth much. what good payday do you speak of? Its only when the coin was trading high on bittrex is when the dev broke the agreement.

How do you expect anyone to run anything without control? we give devs control over coins, pool operators control over pools, exchange operators have control over their exchange. Why wouldnt a fund manager have control over a fund?

no offense, but your points make no sense and are there for invalid.

I'll try and explain why,


You requested a fee of 125K.

Say the dev paid you your fee and allowed you to run a fund. Who's to say you won't use the fund on behalf of your personal stash? We have to trust you because of your status? Status is just a thing people cash out on. Again, no offense. You could just use the fund to buy/sell your own 125K, over and over.
As an 'outside investor' it would bother me more to see the dev hand over the premine just because someone puts a gun to his head.
I dont expect you to serve any interest but your own, but if you really wanted to help out, you'd suggest transparency regarding the premine rather then suggesting (Option B) a private fund.
 

You claim $6000 pay for 3 months, which is wrong.

Say you will deliver, price hits 20K sat. your fee becomes 25 BTC, far exceeding your own calculations - Like I said, a good pay day.
Say you don't deliver, then why would they hire your service in the first place?

You had a deal with the dev, and they decided to pull back. Oke, bad luck for you. You could question their trust, but to me it seems rather a smart decision considering the size of your fee.

Also, I didn't see you privde any proof of premine actually being dumped. If you have any, please feel free to share as I'm very interested to see it.

And this isn't a personal attack or whatever. I'm just trying to get an objective assesment of the situation.

[BreakoutCoins]

He compared collegestudent getting paid 0.5 BTC for doing an IPO versus my running the fund.

- Its not my fault he didn't negotiate hard enough
- I can run an IPO (basically selling coins on an exchange) in 10 mins
- I was under contract to run the fund for at least three months
- He wanted to pay me 20k Hyper ( basically 2 BTC) for three months of running a fund....sorry that is TOO LOW.


its still not late. I can still run the fund. Let the community decide. Otherwise why would anyone trust you? Imagine someone did put in hard work on the MMO and you don't pay, or pay cheap. you basically premined yourself over 50k USD. For doing what exactly? Paying loljosh to start a coin for you.

For now I am not involved with Hyperfund. Buyer beware, this one might turn out to be a scam after all.

I've already been paying people for their contributions 

I want my money back because I just lost a btc to this scamming asshole hyperFuture. He dumped his coins on me at 15k on bittrex. And to think there was a "stability fund" What a fucking joke. Coin's down 80% today because the dev decided to screw everyone over.

HyperFuture I hope you make this right by giving me back the btc you stole from me

1NV1V6JEwSZCb5SFcWEQLjbzrysThu581P

[HYPERfuture]

I didn't sell any coins on BIttrex. Tokyo crashed the price with his fud campaign (including this thread) and whatever he sold.

I'm buying HYPER right now because I believe in the coin. Price should be back up to those levels soon - in the meantime I hope you are staking your coins (open your wallet daily and keep in unlocked to receive stakes) so you will have even more when the price does get back to those levels.

~HYPERfuture

[kelsey]

Let this sort of crap be a warning to all senior members, I get offers all the time to support a coin, just anon devs trying to use a senior member for their scamcoin to give it some cred.

[HYPERfuture]

Let this sort of crap be a warning to all senior members, I get offers all the time to support a coin, just anon devs trying to use a senior member for their scamcoin to give it some cred.

Err I actually didn't want him on the team which is why he started spreading fud, so tell me again how did I try and get him to support my coin? He approached me and offered "help".

Get your facts straight.

I've been working non-stop on HYPER, and even with this fud and accusations going around (which is not a big motivator), I'm taking it like a man (unlike Tokyo), and I am in the process of setting up premine transparency and the funds for the different aspects of the HYPER project.

[HYPERfuture]

Toky says he didn't dump all his coins (or try and get others to dump their coins), yet he does everything possible to ruin this coin.

I call bullshit.

[Geenstijl]

Pretty incredible. For me it seems like HyperFuture worked around the clock on this coin. He made a deal, realizes te conditions weren't good... which i kind of agree with. Het kindly asks Tokyo to renegotiate terms...

Tokyo doesnt agree, he does agree with 10k Hyper to bugger off.... Het gets his 10k Hyper.... Sells it all of at current high price... Starts spreading shit on Bitcointalk....

Tokyo, you were paid for doing almost nothing and all you do consequently is ruin all value for the existing bagholders of Hyper. All your words did is lose everyone money. Everyone Lost all because of your dumb ego to discuss things in public.

Dont tell us all this crap about unfair premine etc. etc. etc. ALL altcoins are ponzischemes, at least Hyper is spending funds on something that has actual value instead of all other coins that just sell air.

Seriously, what was the point in bringing this conflict out into the open and keep on going about it. Including opening this topic.

YOUR ACTING AS IF YOUR JESUS, ALL BEING HONEST AND STUFF... AT THE SAME TIME YOUR ASKING TREMENDOUS FEES and COLLECT AND CASH IN REWARDS FOR NOT DOING NOTHING AT ALL. Freaking JUDAS, thats who you are!

(yes i lost money cuz of all this)

[HYPERfuture]

I haven't even heard of the cons in the above post.

Anyway, I have made an important post on the main HYPER thread regarding premine transparency, and setting up the HYPER funds for the various projects:

After spending most of today consulting with members of the HYPER community, and other members of this forum who have kindly offered their advice, this is what's going to happen within the next 1-3 days regarding premine transparency:

1. 500 000 HYPER of the premine will be given to a trusted member of bitcointalk to hold in escrow for at least 1 month, or until the community trusts me to manage the fund. It can be held for longer than a month if the community agrees. This is the the fund for the core HYPER space MMO development. The escrow will have to approve any deductions from the principal of this fund. Deductions will only take place to fund the MMO development and pay people who are contributing. The wallet will be opened daily so coins can compound increasing the value of the fund.

2. Two other funds will be set up and managed by myself: 1 (ONE) fund for HYPER marketing, and 1 (ONE) fund for MMO outreach purposes and bounties for getting developers to develop plugins so HYPER can be integrated into existing gameworlds etc. Again this fund will stake daily and any deductions from the principal will be shown and explained.

Fund activity for all 3 funds will be entirely transparent via the HYPER blockchain.

The community will be able to see the balances of these funds at any time.

The remaining HYPER will be used for general bounties, until HYPER has reached the market cap I am gunning for (a very high one). When enough bounties have been paid, these bounty funds will be rolled over into one of the other funds.

This will all take place within 1-3 days. I'm waiting to hear back from a few hero members here regarding management of the 500 000 principal.

3. An IPO is still being considered to raise BTC for the Market Stabilization fund, if this does go ahead the market fund will be BTC only, there is no point dedicating HYPER to the Market Fund, and selling HYPER on the exchange right now as this will only lower the price. If the IPO and fund go ahead, then the BTC will be used to hold HYPER value stable and increase the price on the exchanges. HYPER which is purchased as a result of the funds activity will be rolled over into one of the other funds for staking, until HYPER exchange rate and volume can absorb strategic selling of small amounts to increase BTC in the fund for more market making. Until this is possible the HYPER purchased will be kept in one of the other funds so it can stake with those coins. Of course, if we do go ahead this the IPO will take place through a trusted member.

To clear up any misunderstanding: the Market Stabilization Fund was always only going to be established after HYPER PoW stage is over.

Thanks guys, I will be providing further updates over the next few days as we move forward, all of these initiatives (except the IPO - it is still being decided by myself and other members of the community if the IPO is a good idea), will launch within the next 1-3 days.

More updates on the fun stuff - the space based MMO we're working on soon.

[tokyoghetto]

Pretty incredible. For me it seems like HyperFuture worked around the clock on this coin. He made a deal, realizes te conditions weren't good... which i kind of agree with. Het kindly asks Tokyo to renegotiate terms...

Tokyo doesnt agree, he does agree with 10k Hyper to bugger off.... Het gets his 10k Hyper.... Sells it all of at current high price... Starts spreading shit on Bitcointalk....

Tokyo, you were paid for doing almost nothing and all you do consequently is ruin all value for the existing bagholders of Hyper. All your words did is lose everyone money. Everyone Lost all because of your dumb ego to discuss things in public.

Dont tell us all this crap about unfair premine etc. etc. etc. ALL altcoins are ponzischemes, at least Hyper is spending funds on something that has actual value instead of all other coins that just sell air.

Seriously, what was the point in bringing this conflict out into the open and keep on going about it. Including opening this topic.

YOUR ACTING AS IF YOUR JESUS, ALL BEING HONEST AND STUFF... AT THE SAME TIME YOUR ASKING TREMENDOUS FEES and COLLECT AND CASH IN REWARDS FOR NOT DOING NOTHING AT ALL. Freaking JUDAS, thats who you are!

(yes i lost money cuz of all this)

you guys still don't understand don't you. It wasn't a tremendous fee at the time we agreed on the fee. It only became a tremendous fee when Hyper started to trade over 10k satoshi on Bittrex. I never gave hyperfuture ANY reason to doubt me. He just came out of no where wanting to pay a lower fee, two days after we agreed. That doesn't seem fishy to you? to anyone at all?

Of course not, since you guys are all bagholders and want the coin to pump so you can break even. Anyways it doesn't matter now.

[Ense04]

This coin was doomed from the beginning. Shady start, mysterious developer, and obviously no one wants to buy it. It will fade away. It had a chance...slim chance..when Tokyo got involved. Simply because he has a following which provided the necessary promotion to get things going, but ultimately I dont think he or anyone could have saved this coin from its inevitable demise.

[tokyoghetto]

The coin can't even scrap 0.5 BTC in buy orders on Bittrex. If it was me, the fund would have started the SECOND it got listed on sharex. Looking back, I don't even know why I agreed to wait for PoW to end for the fund to start. During the PoW its the most crucial time to maintain buy side liquidity. This is because miners who are only in it for BTC profit will just dump the coin, which is what is happening now.

Since most people here are pikers, you need a whale 'ie" fund manager to take on the sell side "ie" miners/dumpers during the PoW period. Especially in a coin that trades thin and is trying to fill a niche like MMO development.

If the fund manager sells at 10k satoshi and buys back at 1k satoshi is he a bad guy? No. He is doing everyone a favor because clearly 10k satoshi was too high so in order to prevent investors from paying too high and prevent the miners get massive profits,he needs to actively trade the coin and help the coin get to a more stable price, hence the whole point of a stabilization fund.

I even told hyperfuture that I would have need to sell some Hyper in the beginning for BTC, and use the BTC to buy back at a lower price. Front run the miners during the PoW mining phase and buy back lower, supporting the price for the investors who are buying for the long term.

But then again what do I know right?  

[Spoetnik]

Also, I'll say this to all devs. If you have a premine, PLEASE state the exact coin number or at least say if it is a % of PoW cap or total coin cap. This % based disclosure is unclear and sketchy.

what do you expect ? ..it's sketchy bullshit by design.

Tokyo what you should have done is walked away and taken the loss when you seen his 33% scam
and that is what it is.. theft !
simple as that.

i think you dug in deeper because you were involved with renting hashing power.
and that is not too noble.. you should have exposed the asshole and lit em up hard.
not offered to work for him lol

and coin cloner.. you should be ashamed your lying thief.. and your also nobody !
but i guarantee i have dealt with you on 50 other coins as i am sure you change names non stop..
which should be a warning sign..

there was a time when name changing nobodies could NOT get a coin off the ground here.
they would be bounced out of this forum on their ass and laughed at.
now you greedy stupid brats scream take my money and offer to Rent Rigs set up pools etc etc etc etc etc
support is support. and you get what you get for supporting dumb bullshit !

i tried to rally you all long ago with the idea of NOT supporting anonymous name changing coin devs last year..
you all ignored me out of pure greed and now you will all take turns feeling the repercussions of your actions.
and you can all take turns getting burned and whining about it..

[HYPERfuture]

An update on how HYPER is heading to full transparency ASAP and is a real, long term coin. I will keep posting in this thread with updates until I have shown HYPER is a legitimate, long term PoS coin with a number of exciting projects:

Important HYPER updates!

The MMO Outreach Fund (for offering bounties to get HYPER accepted as an in-game currency in currently existing virtual worlds etc) has been established with 200 000 K HYPER at this address: http://hyper.blockexplorer.cc/address/HJCFQjBCapWiTQUiAZ66BVsdycFBK12Auz

The HYPER General Marketing Fund has been established with 150 K HYPER at this address: http://hyper.blockexplorer.cc/address/HUhjjQBqLCGFMYm9Umtk42jWQNDqS7caV4

Deductions from both funds will only take place to pay people who are contributing to the objectives of the fund. The wallet will be opened daily, so coins can compound increasing the value of the fund. Fund activity for both funds will be entirely transparent via the HYPER blockchain

After the primary 500 000 MMO Development Fund is in escrow (still working on that) there will be 386 000 HYPER left for bounties to get HYPER back into the stratosphere. At a later date, any HYPER left over from bounties, will be rolled back into the other funds.

To be honest I am still hesitant to give anyone 500 000 HYPER (the main MMO development fund), but if that's what it takes to get HYPER back into orbit then so be it. I am still in discussion with a number of members about this and will have more updates soon.

An IPO is still being considered to raise BTC for the Market Stabilization fund, if this does go ahead the market fund will be BTC only, there is no point dedicating HYPER to the Market Fund, and selling HYPER on the exchange right now as this will only lower the price. If the IPO and fund go ahead, then the BTC will be used to hold HYPER value stable and increase the price on the exchanges. HYPER which is purchased as a result of the funds activity will be rolled over into one of the other funds for staking, until HYPER exchange rate and volume can absorb strategic selling of small amounts to increase BTC in the fund for more market making. Until this is possible the HYPER purchased will be kept in one of the other funds so it can stake with those coins. Of course, if we do go ahead this the IPO will take place through a trusted member.

If the IPO does not go ahead, HYPER will be added to the fund directly, and converted into BTC with strategic trades when the market can support it.

I'm currently in discussion with:

- Android wallet developers
- Developers who can make simple online games which use HYPER
- Developers who may be able to help with the coding work of the HYPER space MMO. http://hypercrypto.com/space-based-mmo/

Thanks guys

[soulcity]

paid to pump

[HYPERfuture]

paid to pump

I'm manager of the HYPER project and these are the initiatives we are taking ASAP. I'm not here to "pump" I'm here to clear my name.

Important HYPER updates!

The MMO Outreach Fund (for offering bounties to get HYPER accepted as an in-game currency in currently existing virtual worlds etc) has been established with 200 000 K HYPER at this address: http://hyper.blockexplorer.cc/address/HJCFQjBCapWiTQUiAZ66BVsdycFBK12Auz

The HYPER General Marketing Fund has been established with 150 K HYPER at this address: http://hyper.blockexplorer.cc/address/HUhjjQBqLCGFMYm9Umtk42jWQNDqS7caV4

Deductions from both funds will only take place to pay people who are contributing to the objectives of the fund. The wallet will be opened daily, so coins can compound increasing the value of the fund. Fund activity for both funds will be entirely transparent via the HYPER blockchain

After the primary 500 000 MMO Development Fund is in escrow (still working on that) there will be 386 000 HYPER left for bounties to get HYPER back into the stratosphere. At a later date, any HYPER left over from bounties, will be rolled back into the other funds.

To be honest I am still hesitant to give anyone 500 000 HYPER (the main MMO development fund), but if that's what it takes to get HYPER back into orbit then so be it. I am still in discussion with a number of members about this and will have more updates soon.

An IPO is still being considered to raise BTC for the Market Stabilization fund, if this does go ahead the market fund will be BTC only, there is no point dedicating HYPER to the Market Fund, and selling HYPER on the exchange right now as this will only lower the price. If the IPO and fund go ahead, then the BTC will be used to hold HYPER value stable and increase the price on the exchanges. HYPER which is purchased as a result of the funds activity will be rolled over into one of the other funds for staking, until HYPER exchange rate and volume can absorb strategic selling of small amounts to increase BTC in the fund for more market making. Until this is possible the HYPER purchased will be kept in one of the other funds so it can stake with those coins. Of course, if we do go ahead this the IPO will take place through a trusted member.

If the IPO does not go ahead, HYPER will be added to the fund directly, and converted into BTC with strategic trades when the market can support it.

I'm currently in discussion with:

- Android wallet developers
- Developers who can make simple online games which use HYPER
- Developers who may be able to help with the coding work of the HYPER space MMO. http://hypercrypto.com/space-based-mmo/

Thanks guys

[HYPERfuture]

An update on how HYPER is heading to full transparency ASAP and is a real, long term coin. I will keep posting in this thread with updates until I have shown HYPER is a legitimate, long term PoS coin with a number of exciting projects:

What I would recommend is doing what you can to get TokyoGhetto back onto this project. It looks like you are moving forward with the 500k HYPER stabilization fund. I think earlier you were leaning toward Tokyo's option B, which was a 20% interest in the fund as well as 20% of stake profits.

What I think people don't understand is that Tokyo isn't just going to sell the 100k in HYPER, which is worth roughly $5k atm. Based on his HBN journal, he's not one to dip into his principal unless necessary. If there is a lockup period on this 20%, say for a longer 1 year period, which I think Tokyo wanted to manage to fund for that long at least, then interests are more aligned on the coin.

I really recommend you patching this up with Tokyo, HYPERfuture. We can point fingers or we can make money. I'd prefer to make money

Thank you for your advice.

The 500K HYPER fund is actually for HYPER's space based MMO Development, which is HYPER's core project

The details regarding the new Market Stabilization Fund are still being finalized.

Thanks again for your feedback, but I am not sure if that would be possible or approved by the wider HYPER community now, due to the unfortunate way things unfolded previously.

~HYPERfuture

[tokyoghetto]

Hyperfuture stop copy and pasting your spam in this thread. Unless you want to address the issue with the broken agreement we had, I will continue to delete your posts.

[Digi7ech]

Hyper,
You were paying Tokyo to join in and manage a fund AND his "Name/Brand". Sure he had some of his own skin in the game since he rented servers, but wouldn't that make him more interested in seeing your coin prosper?

His asking price was in Hyper, a currency that at the moment of negotiation was worth ZERO dollars. As soon as it listed and had a spike(Which ALL Currencies do in the first 24 hours of listing) you realized what you were speculatively paying him at that single moment. If you wanted to give him a fixed/semi-fixed value compensation. Then you should have paid in USD/Fiat or BTC.

That is the gamble. He could be managing the fund for pennies or for thousands of dollars. Which I think would be a great incentive for him to do an amazing job with the fund.

I'm personally only trade on Cryptsy so I don't know what Hyper is trading for now but I bet it's not that high now.

I followed him over to Hyper from his HBN journal. I've mined a few thousand and will watch but am not vesting in it like I would have if he was working with you.

The 33% premine and ninja launch show you're a terrible at PR and coin development.

[HYPERfuture]

If you don't believe in HYPER just sell what you have - the buyers will thank you for it.

The premine is necessary to develop the MMO. Do you know how expensive it normally is to create an MMO type game?

We decided we didn't want 500 K HYPER locked up in a stabilization fund and that the 125 K HYPER fee was too high. That 500 K is now going towards MMO development, which is the core objective of the coin. There could have been a renegotiation with Tokyo but that won't be possible now after the things he has said in this thread and elsewhere.

Here is some of the media HYPER has had:

http://cryptosailor.com/introducing-hyper/
http://www.baystreet.ca/viewarticle.aspx?id=416304
http://bitbillions.net/2014/06/01/alt-currencies-hypercoin-review-intergalactic-coins-for-space-travelers/
https://finance.yahoo.com/news/cryptocurrency-hyper-sponsoring-space-mmo-161300553.html
http://www.national-geograpic.com/2014/06/hyper-future-coin.html
http://www.digitaljournal.com/pr/1946800
http://btcgeek.com/hyper/
http://bitcoinprbuzz.com/new-cryptocurrency-hyper-offers-5-monthly-interest-sponsoring-space-mmo-game-market-stabilization-fund-and-more/
http://cryptocoinupdates.com/new-cryptocurrency-hyper-offers-5-monthly-interest-market-stabilization-fund-sponsors-mmo-space-game-development-and-more-mining-available-for-8-more-days/
http://finance.yahoo.com/news/bitcoin-alternative-hyper-funding-mmo-050200982.html

Thanks

[Digi7ech]

The simple fact is that your coin is just another cookie cutter coin with a huge premine until you actually have a working MMO. Where are your previous games that have been designed well and are still going? or are you just outsourcing all coding?

Maybe I should start a coin called trackcoin. I will premine 50%, then ninja launch it, and claim I'm going to build a racetrack and take trackcoin as payment for racing on it.


As for your media links.
There are obvious fakes and listings that are paid for.

national geograPIC?? really? it's still a base template page. You forgot to fill it in to make it look like a real page.
http://www.national-geograpic.com/


They're also listed under press release. which means you paid for these articles to be sent out to multiple agencies via a release company. My work does the same thing...... It doesn't mean an actual reporter picked up your story and thought it was great.
http://www.digitaljournal.com/pr/1946800
(note the PR in link)
http://www.digitaljournal.com/pr