Bitcoin Forum
March 28, 2024, 10:16:56 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Multisig coin is a complete scam!  (Read 1254 times)
fancy2973 (OP)
Full Member
***
Offline Offline

Activity: 365
Merit: 100



View Profile
July 21, 2014, 06:36:27 PM
 #1

The dev knows nothing about the multisig and what it means to the coin. How the multisig addresses and tx should be used. He just broadly said that it will make the coin more secure. This is complete garbage and he has no idea how the multisig works.

Too many shitcoins like this, some devs just use a hot name to promote his coins, without knowing the details.


Multisig coin is a scam, be careful!

▬▬▬▬▬▬▌   Vulcan Forged    ▐▬▬▬▬▬▬
▬▬▬▬▬▬▌    Telegram   ▌    Discord      ▌     Twitter      ▐▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬  DISCOVER   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬
1711621016
Hero Member
*
Offline Offline

Posts: 1711621016

View Profile Personal Message (Offline)

Ignore
1711621016
Reply with quote  #2

1711621016
Report to moderator
1711621016
Hero Member
*
Offline Offline

Posts: 1711621016

View Profile Personal Message (Offline)

Ignore
1711621016
Reply with quote  #2

1711621016
Report to moderator
1711621016
Hero Member
*
Offline Offline

Posts: 1711621016

View Profile Personal Message (Offline)

Ignore
1711621016
Reply with quote  #2

1711621016
Report to moderator
In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711621016
Hero Member
*
Offline Offline

Posts: 1711621016

View Profile Personal Message (Offline)

Ignore
1711621016
Reply with quote  #2

1711621016
Report to moderator
1711621016
Hero Member
*
Offline Offline

Posts: 1711621016

View Profile Personal Message (Offline)

Ignore
1711621016
Reply with quote  #2

1711621016
Report to moderator
maryvale
Sr. Member
****
Offline Offline

Activity: 254
Merit: 250



View Profile
July 21, 2014, 06:40:15 PM
 #2

The dev knows nothing about the multisig and what it means to the coin. How the multisig addresses and tx should be used. He just broadly said that it will make the coin more secure. This is complete garbage and he has no idea how the multisig works.

Too many shitcoins like this, some devs just use a hot name to promote his coins, without knowing the details.


Multisig coin is a scam, be careful!


Yes agree, there are too many shitcoins like this, just use some buzz words and nothing else.
greenclover
Full Member
***
Offline Offline

Activity: 195
Merit: 100



View Profile
July 21, 2014, 06:50:24 PM
 #3

The dev knows nothing about the multisig and what it means to the coin. How the multisig addresses and tx should be used. He just broadly said that it will make the coin more secure. This is complete garbage and he has no idea how the multisig works.

Too many shitcoins like this, some devs just use a hot name to promote his coins, without knowing the details.


Multisig coin is a scam, be careful!


Yes agree, there are too many shitcoins like this, just use some buzz words and nothing else.

all these shitcoins should be killed, stay away from these shitcoins, so if devs get nothing, they will stop.
amingo51
Member
**
Offline Offline

Activity: 115
Merit: 10


View Profile
July 21, 2014, 08:04:28 PM
 #4

The dev knows nothing about the multisig and what it means to the coin. How the multisig addresses and tx should be used. He just broadly said that it will make the coin more secure. This is complete garbage and he has no idea how the multisig works.

Too many shitcoins like this, some devs just use a hot name to promote his coins, without knowing the details.


Multisig coin is a scam, be careful!


too many shitcoins ...
HI-TEC99
Legendary
*
Offline Offline

Activity: 2772
Merit: 2846



View Profile
July 21, 2014, 08:43:53 PM
 #5

How is multisig supposed to work and what are it's uses?
mountainview
Full Member
***
Offline Offline

Activity: 150
Merit: 100



View Profile
July 22, 2014, 05:48:55 AM
 #6

How is multisig supposed to work and what are it's uses?

multisig address is used pretty much like an escrow. If you create a 2-of-3 multisig address with a public address each from 3 persons, then all the amount deposit to the address can be spent only if any of the 2 people agree and sign the transaction with their private key. So one person can not spend the amount in the wallet address.

It is ridiculous that people use that name to promote his coin, clearly as OP said, the dev of multisig coin knows nothing about multisig and use the name only to promote the coin. A shitcoin / scamcoin to avoid for sure.
wonderful8
Newbie
*
Offline Offline

Activity: 78
Merit: 0


View Profile
July 22, 2014, 06:03:31 AM
 #7

multisig is a buzz word these days Grin
sillybear
Member
**
Offline Offline

Activity: 105
Merit: 10


View Profile
July 22, 2014, 07:35:35 AM
 #8

Do you know that bitcoin actually has partial support for multisig?
 Tongue
MrBtcSenior
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
July 22, 2014, 08:13:26 AM
 #9

The dev knows nothing about the multisig and what it means to the coin. How the multisig addresses and tx should be used. He just broadly said that it will make the coin more secure. This is complete garbage and he has no idea how the multisig works.

Too many shitcoins like this, some devs just use a hot name to promote his coins, without knowing the details.


Multisig coin is a scam, be careful!


Yes agree, there are too many shitcoins like this, just use some buzz words and nothing else.

It's a get rich quick scheme, but not all the coins are garbage, just look carefully at how the devs work, someone is actually good.

♬-♬-♬-♬ ★ ☆ ★ ☆ Earn up to 0.05 btc/week by posting in the LTB forum!!! ☆ ★ ☆ ★ ♬-♬-♬-♬ --------->
<--------- LTB coin now traded on Poloniex!!!
HI-TEC99
Legendary
*
Offline Offline

Activity: 2772
Merit: 2846



View Profile
July 22, 2014, 10:11:53 AM
 #10

How is multisig supposed to work and what are it's uses?

multisig address is used pretty much like an escrow. If you create a 2-of-3 multisig address with a public address each from 3 persons, then all the amount deposit to the address can be spent only if any of the 2 people agree and sign the transaction with their private key. So one person can not spend the amount in the wallet address.

It is ridiculous that people use that name to promote his coin, clearly as OP said, the dev of multisig coin knows nothing about multisig and use the name only to promote the coin. A shitcoin / scamcoin to avoid for sure.

So it's called multisig coin, but it can't create multisig addresses?
fancy2973 (OP)
Full Member
***
Offline Offline

Activity: 365
Merit: 100



View Profile
July 22, 2014, 05:42:33 PM
 #11

How is multisig supposed to work and what are it's uses?

multisig address is used pretty much like an escrow. If you create a 2-of-3 multisig address with a public address each from 3 persons, then all the amount deposit to the address can be spent only if any of the 2 people agree and sign the transaction with their private key. So one person can not spend the amount in the wallet address.

It is ridiculous that people use that name to promote his coin, clearly as OP said, the dev of multisig coin knows nothing about multisig and use the name only to promote the coin. A shitcoin / scamcoin to avoid for sure.

So it's called multisig coin, but it can't create multisig addresses?

of course not, multisig address is not useful for the same person, lol

▬▬▬▬▬▬▌   Vulcan Forged    ▐▬▬▬▬▬▬
▬▬▬▬▬▬▌    Telegram   ▌    Discord      ▌     Twitter      ▐▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬  DISCOVER   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬
AliceWonder
Full Member
***
Offline Offline

Activity: 168
Merit: 100



View Profile
July 22, 2014, 06:41:02 PM
 #12

multisig address is not useful for the same person, lol

Sure it is. Put a private key in cold storage and then multi-sig transactions you want to keep in your local software wallet.

If someone gets your private key in cold storage, it is useless to them w/o the private keys in your software wallet. And vice versa.

QuarkCoin - what I believe bitcoin was intended to be. On reddit: http://www.reddit.com/r/QuarkCoin/
HI-TEC99
Legendary
*
Offline Offline

Activity: 2772
Merit: 2846



View Profile
July 22, 2014, 07:17:41 PM
 #13



So it's called multisig coin, but it can't create multisig addresses?

of course not, multisig address is not useful for the same person, lol

So can it create multisig addresses for more than one person?
Anony
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250


Invest & Earn: https://cloudthink.io


View Profile
July 22, 2014, 08:08:15 PM
 #14

I personally don't trust any of the new alt coins coming out here recently. Too many of them have scammer devs or lie about certain information in their ANN threads. Nothing good has come out of any of the alt coins I have tried to get into.

cloudthink.io   



 



 



 



 



 



Truly Profitable Investment Packages
Custom-Built ASIC Miners ● #1 Self-Sustainable Bitcoin Mining Service in the World ●
strasboug
Sr. Member
****
Offline Offline

Activity: 504
Merit: 250



View Profile
July 22, 2014, 11:35:34 PM
 #15

multisig address is not useful for the same person, lol

Sure it is. Put a private key in cold storage and then multi-sig transactions you want to keep in your local software wallet.

If someone gets your private key in cold storage, it is useless to them w/o the private keys in your software wallet. And vice versa.

Yes this is a usage, although it is a bit werid, that you need to hide one private key in safebox, another under your bed, maybe. The problem is, does that coin support the feature you talked about? the answer is NO, this means it uses only name to cheat on people. A typical scamcoin!
MultiSig
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
July 23, 2014, 01:18:52 AM
Last edit: July 23, 2014, 01:39:09 AM by MultiSig
 #16

Any coin can use an API or their console to create multiple keys. This is nothing new or special. The real winners will be the least complicated interface without centralization or vulnerabilities from outsourcing user data to single point 'third party' to achieve this. Our source code will be released well before we launch. Are you worried about the competition? You should be.
strasboug
Sr. Member
****
Offline Offline

Activity: 504
Merit: 250



View Profile
July 23, 2014, 03:18:54 AM
 #17

Any coin can use an API or their console to create multiple keys. This is nothing new or special. The real winners will be the least complicated interface without centralization or vulnerabilities from outsourcing user data to single point 'third party' to achieve this. Our source code will be released well before we launch. Are you worried about the competition? You should be.

Nay, if you understand what is a multisig address and usage, you won't create 3 paraphrases in your coin. 3 paraphrases do not get you anywhere near a multisig address, and it shows to people that you have no idea what is a multisig address.

The problem with multisig is not whether you can create such address or not (in your coin you have no way or interfaces to create it - again use paraphrase you can't create it, it's a joke Grin ), but more how to use it. There's nothing in your "multisig" coin. You simply try to use the name and scam on those who don't understand what it is. From what I read your thread (where I don't bother to post, as you created the thread as a self-moderate topic, and you deleted and will delete all the posts that not in favor of you - typical threads for scamcoins), I agree with the creator of this thread, it is a scamcoin, period.
francoise
Member
**
Offline Offline

Activity: 113
Merit: 10


View Profile
July 24, 2014, 05:34:19 PM
 #18

this is a garbage coin
strasboug
Sr. Member
****
Offline Offline

Activity: 504
Merit: 250



View Profile
July 26, 2014, 02:20:37 AM
 #19

now they understand they have nothing to do with multisig so changed the coin name to multicoin, lol Grin
Maidak
Legendary
*
Offline Offline

Activity: 1876
Merit: 1058


The OGz Club


View Profile
August 06, 2014, 07:36:38 AM
 #20

They had asked me for an escrow since then moderated and removed my thread if my escrow address for it comes up dont deposit already deleted the private key...

.The OGz Club.▄█████████████████████████████▄
███████████████████████████████
███████████████████████████████
███████████████████████████
███████████████████████████████
███████████████████████████████
████████████▀███▀████████████
██████████████▀█▀██████████████
████████████▄▄▄▄████████████
██████████████████████████████
███████████████████████████████
████████████████████████████
▀████████████████████████████▀
......The 1st & Only #MemeFi Project......
Website   ◢ Reddit   ◢ Telegram   ◢ Twitter   ◢ TikTok   ◢ Facebook

██████    ██
██
██
██
██
██
██
██
██
██
██████████
       ▄▄▄██▄▄▄
    ▄███████████▄
    █████████████▄
   ███████████████
▄█████████████████▄
▀▀▀▀█████████████▀██
    ▀█████████████▄
    ▄▀█████████████▄
   █▀ ▀▀▀██████████▌
▐███    ▄█████████▀▀
 ▀▀     ▄█████▀▀
       ███▀▀
      ██▀

██████
██
██
██
██
██
██
██
██
██
██████
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!