What hapenned with DCM?

[Wolf Rainer]

What hapenned with DCM? https://bitcointalk.org/index.php?topic=636470.0

Why aren´t the devs banneds and labels as scammers? Where are all the investors money?

[poornamelessme]

The Devs have been labeled as scammers.  One of the devs also was the lead dev of XBC (2nd lead dev, I should say) and he also bailed on that coin too.

As for the investor's money, I guess it's in those dev's bank accounts right now? They have all the IPO funds.

It's a good coin for a potential takeover if anyone out there was so inclined. But I don't even think DCM is listed on any exchanges anymore.

[Wolf Rainer]

The Devs have been labeled as scammers.  One of the devs also was the lead dev of XBC (2nd lead dev, I should say) and he also bailed on that coin too.

As for the investor's money, I guess it's in those dev's bank accounts right now? They have all the IPO funds.

It's a good coin for a potential takeover if anyone out there was so inclined. But I don't even think DCM is listed on any exchanges anymore.

Label as scammer where? https://bitcointalk.org/index.php?action=profile;u=192605 The devs stills visit and post in the forum, lol.

[poornamelessme]

The Devs have been labeled as scammers.  One of the devs also was the lead dev of XBC (2nd lead dev, I should say) and he also bailed on that coin too.

As for the investor's money, I guess it's in those dev's bank accounts right now? They have all the IPO funds.

It's a good coin for a potential takeover if anyone out there was so inclined. But I don't even think DCM is listed on any exchanges anymore.

Label as scammer where? https://bitcointalk.org/index.php?action=profile;u=192605

If you mean as far trust rating, nope. I just meant as far as public knowledge goes.

[Wolf Rainer]

The Devs have been labeled as scammers.  One of the devs also was the lead dev of XBC (2nd lead dev, I should say) and he also bailed on that coin too.

As for the investor's money, I guess it's in those dev's bank accounts right now? They have all the IPO funds.

It's a good coin for a potential takeover if anyone out there was so inclined. But I don't even think DCM is listed on any exchanges anymore.

Label as scammer where? https://bitcointalk.org/index.php?action=profile;u=192605

If you mean as far trust rating, nope. I just meant as far as public knowledge goes.

Public knowledge? I don´t remember they users without read the annon thread... So there´s a lot of people can be scammed by this guys. Why the mods not banned they and label like scammers? It´s there any search of the devs to put they in jail?

It´s seems like they scammed all the community and no one cares of punish them.

[poornamelessme]

Public knowledge? I don´t remember they users without read the annon thread... So there´s a lot of people can be scammed by this guys. Why the mods not banned they and label like scammers? It´s there any search of the devs to put they in jail?

It´s seems like they scammed all the community and no one cares of punish they.

I should say public knowledge for anyone involved in that DCM thread, or the 2nd locked DCM thread. Bob still sometimes gets negative comments in some threads due to his involvement with that coin. Not sure if anyone else involved has posted anywhere since then.

I'm sure people care, just what do you propose anyone really do? If a dev bails on a coin it's not exactly a criminal offense. Coins were provided via escrow on the exchange... people got what they initially paid for. Of course by not using the IPO funds for development of the coin and running away, people would rightfully view them as scammers here. But it doesn't mean it's a criminal offense.

And yes, the devs could still scam people. But I don't see them doing it with those same usernames. And again, there isn't a whole lot people can do about that.

[MarketMagic]

Perhaps you start by asking KreativeKrypto on twitter           https://twitter.com/Altcoin_SunTzu

[MarketMagic]

Public knowledge? I don´t remember they users without read the annon thread... So there´s a lot of people can be scammed by this guys. Why the mods not banned they and label like scammers? It´s there any search of the devs to put they in jail?

It´s seems like they scammed all the community and no one cares of punish they.

I should say public knowledge for anyone involved in that DCM thread, or the 2nd locked DCM thread. Bob still sometimes gets negative comments in some threads due to his involvement with that coin. Not sure if anyone else involved has posted anywhere since then.

I'm sure people care, just what do you propose anyone really do? If a dev bails on a coin it's not exactly a criminal offense. Coins were provided via escrow on the exchange... people got what they initially paid for. Of course by not using the IPO funds for development of the coin and running away, people would rightfully view them as scammers here. But it doesn't mean it's a criminal offense.

And yes, the devs could still scam people. But I don't see them doing it with those same usernames. And again, there isn't a whole lot people can do about that.

Quote]"Of course by not using the IPO funds for development of the coin and running away, people would rightfully view them as scammers here. But it doesn't mean it's a criminal offense."[Unquote

That would be called misappropriation and embezzlement and certainly would be classed as a criminal offence and furthermore if it was a preplanned event it would be classed as serious fraud however as of yet the coin is not verified dead but negligence and wrecklesness has been shown so far.

This coin was presented and IPO funds were raised for the development and functioning of it supported by those funds.Anyone who embezzled those funds or missappropriated them for any other reason without express permission of the investors need to take a reality check.

[DoraTheBTCexplorer]

i think it got confirmed as a total scam 

[MarketMagic]

Digital commerce wallet is functioning and coins are still staking however the website and links to block explorer/richlist and wallet link are no longer operational.

[carafleur]

Hi,
I just realized this scam.  got a wallet with 22K in it (about 1 btc at the time of buying) 

AFAIK the only exchanger for this coin was BitTrex.com , but I don't have seen any email reporting on this scam.

That behavior from BitTrex.com is very unpleasant 
At least they could have sent an email to customers who traded this coin, and acknowledge the fact this was obviously a Scam coin.

I remember they were holding the biggest wallet of this coin, so they were either victim or guilty about the scam... 

anyway, just my 22k 

[poornamelessme]

Hi,
I just realized this scam.   got a wallet with 22K in it (about 1 btc at the time of buying)  

AFAIK the only exchanger for this coin was BitTrex.com , but I don't have seen any email reporting on this scam.

That behavior from BitTrex.com is very unpleasant  
At least they could have sent an email to customers who traded this coin, and acknowledge the fact this was obviously a Scam coin.

I remember they were holding the biggest wallet of this coin, so they were either victim or guilty about the scam...  

anyway, just my 22k  

Bittrex consistently removes coins with low volume. They probably should email customers who may have coins about to be delisted, but don't believe they do, do they? Not sure.

It wasn't delisted because it was a scam exactly... it was delisted because nobody was trading the thing after the devs packed up and left.

[muddafudda]

Man they broke up years ago. Let it go.

[egghead123]

wallet wont sync.anyone got any connections?

[CommanderVenus]

I just noticed this thread. Gonna quote some things. I was that PM he was talking about.

I've addressed several concerns about Digital Commerce Coin (dCM) via private message and I've intentionally tried to keep it off of our Einsteinium thread. I've made a few posts in the past regarding what happened but there are still people who still need answers. I hope this helps.

What is (was) Digital Commerce (dCM) coin?
Digital Commerce Coin was a cryptocurrency initially developed by KryptoKreative, Wallenstein, and SeriousCoins. After it's initial inception, bobsurplus and aszu were brought in by KreativeKytpo and as such I was contacted to offer release support, wallet design, graphics, and marketing plans. The initial goal of the coin was to be focused exclusively in API creation and e-commerce adoption. dCM was released on Bittrex as a 130btc IPO (divided between 6 devs) before releasing on the market for open trading.

What was my role in dCM coin?
As stated above, my role was to do graphics, marketing, wallet design, logo, etc. I created the wallet graphics and setup / operated social media accounts. It was also my role to offer my percentage of IPO funds back into the coin. Within the first 1.5 weeks I had already spent 5 btc on renting hash, supporting the price, hiring a developer for PoS fixes, paying for the merchant center backend, and server fees. I was not a lead dev by any means, but whoever controlled the ANN thread placed my name up as "lead dev" which is very misleading.

What happened to dCM?
Within a few days of our release, there was another coin (Harmony) that literally copied our ANN and tried to copy our success. This upset a few members of our team to the point of publicly addressing the issue in the Harmony forum. I think this is where the rift started within the team. There was a lot of big problems between KreativeKrypo and Bobsurplus that seemed to stem beyond what was happening with Harmony. Bobsurplus left the team and a lot of problems happened in public which drove our price below IPO level and breaking my buy support. At this point, it seemed the team stopped communicating as a group. Messages would go ignored or unanswered and the core team would be offline for days on end. I was locked out of the ANN thread and my name was moved up as a lead dev. I am still waiting and trying to figure out what happened to our plans. All of IPO money I've received is still being kept intact, unspent, and waiting for news on what's going to happen with it. A lot of people are calling the coin a scam, but I assure you that was not the intention at all. The coin fell like a house of cards due to FUD and it scared away the lead devs.

What is the future of dCM?
Honestly, similar FUD campaigns were used on Einsteinium which caused the price to drop heavily. I stuck through to make sure the coin didn't die and now I am spending extra time to rebuild EMC2 into something valuable for investors. Once Einsteinium is a success, I may take full control over dCM if the original devs don't come back. I'm not a quitter and I stand by everything I do. Please let me know if you have any more questions about dCM via private message.

Also here is the windows wallet file.
https://www.dropbox.com/s/bdus007am89p6o8/dCom-qt-1.02.exe

Some people have been having trouble syncing. I wouldnt doubt that the blockchain is forked. If anyone wants, i can dropbox my appdata folder sans wallet.

As of writing this, here are some console commands and values im getting.

getblockcount = 102984

getcheckpoint =
{
"synccheckpoint" : "dc303d701db0e49bc5456cc7b1f0fae645f3fa31261fa3600a3d56ebeb8275f5",
"height" : 102979,
"timestamp" : "2014-09-03 21:12:38 UTC"
}

getconnectioncount = 4

getdifficulty =
{
"proof-of-work" : 0.21441682,
"proof-of-stake" : 0.00031395,
"search-interval" : 134
}

getinfo = (i removed some personal info / nonsense from the result)
{
"version" : "v1.6.2.0",
"protocolversion" : 60006,
"walletversion" : 60000,
"newmint" : 0.00000000,
"blocks" : 102986,
"moneysupply" : 1535997.09057900,
"connections" : 4,
"difficulty" : 0.21441682,
"testnet" : false,
}

[egghead123]

I think it has been forked.I wiped everything and got a new wallet and put in the backup but still wont sync either.

[CommanderVenus]

This is why you don't invest in newer coins. Most of them are scams and you will get burned.
Why don't you listen to other people before making stupid decisions 

Yes, the victim is definitely who is at fault here..

I get what youre saying though, but not everyone has been so involved with altcoins since every one of them turned into a scam. I mean theres new bitcoiners everyday that might fall into the trap of an altcoin that promises the world.

ahumanbeingx explained everything that happened though. I think his word is trustworthy.

[MarketMagic]

This is why you don't invest in newer coins. Most of them are scams and you will get burned.
Why don't you listen to other people before making stupid decisions  

dCom is not the next bitcoin? ..maybe ebay2.0

[CommanderVenus]

This is why you don't invest in newer coins. Most of them are scams and you will get burned.
Why don't you listen to other people before making stupid decisions 

Yes, the victim is definitely who is at fault here..

I get what youre saying though, but not everyone has been so involved with altcoins since every one of them turned into a scam. I mean theres new bitcoiners everyday that might fall into the trap of an altcoin that promises the world.

ahumanbeingx explained everything that happened though. I think his word is trustworthy.

Well it is.
Why are all these random people acting like they are investors? There is a difference between investing into a company like Facebook, Google and investing into something made by a man who is unknown and could be a shady character.

Why bother with bitcoin then am i right?

[Efelts01]

Fuckers