[UNMODERATED] CLUSTERCOIN Topic [OPEN DISCUSSION]

[zhangdu]

i believe, those scammer will die like a dog.  

[kindofasaint]

From their About Us:

Richie Lai

"Richie is currently the manager of the Amazon Security Operations Center and is in charge of security response and operations for Amazon. Prior to that, he spent 12 years at Microsoft building up their security engineering and internet crimes division. His background in application and network security, internet crimes and malware makes him the most paranoid person at protecting his and your crypto currencies. "

Though not a security breach, it is still an internet crime, a huge one, performed through your systems and you are profiting from it, if CLSTR / Cluster is not an internet crime then what is? 350btc form CLSTR and ~50 from USE, that is around 1/5 of a Million dollars!!

Don't kill your company ffs!

[DishCatcher]

CLSTR is 100% scam.Bittrex will regret if they release fund to him.

[MineP.it]

bittrex dont give a shit
just take the loss and move on

Move on minus Bittrex yes

[kindofasaint]

https://bitcointalk.org/index.php?topic=492758.msg5543425#msg5543425

[kindofasaint]

https://bitcointalk.org/index.php?topic=754555.0
https://bitcointalk.org/index.php?topic=754138.0
https://bitcointalk.org/index.php?topic=754544.0

[MedaR]

A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

a stake in our ClusterCoin idea

[MineP.it]

http://www.youtube.com/watch?v=4F4qzPbcFiA

[ocminer]

http://www.youtube.com/watch?v=4F4qzPbcFiA

+1 ;-)


Bittrex should release the 350 BTC to them only if they deliver the features they promised.. Not earlier..

They stated in their original thread now that, probably in response to my post regarding my look at the source code here:

https://bitcointalk.org/index.php?topic=754555.msg8512622#msg8512622

That none of their promised features are ready yet and are all in development.. The money (premine) is needed for development.

Proof:
https://bitcointalk.org/index.php?topic=753089.msg8513777#msg8513777


BUT the dev also said he sent all his details to CryptoAsian here:

https://bitcointalk.org/index.php?topic=753089.msg8513983#msg8513983


So lets wait what happens..


For now this coin as a FIVE STAR RED FLAG rating from CryptoOcminer ;-)

[miningfool]

Yeah, I wanted to believe this was "real" and scooped up some of the post-ICO coins cheap.  But, I also went down the same road.  I compiled the daemon and was going to put it up on my pool to mine it, then compiled the QT wallet to get an address to mine to, and that was the first red flag for me.  The QT wallet is very poor, they changed the background /some style stuff but it doesn't work right on Linux, changing between tabs they "overwrite" on top of each other.  So that begs the question of whether these guys actually have the skills to build their "cluster" idea.  I can clean up the wallet so its usable for me, but why bother.

But the other big red flag is like you said, once you try parsing the guy's responses, it is kind of technical bullshit.  But it could be real too.  I dunno.  I really hope this isn't a scam.  But the dev has done nothing to help the situation, nor has Bittrex other than passing the buck of responsibility.  Unfortunately they are indeed a US company, and as much as they may like to think so, it isn't so simple to duck responsibility.

My other concern, regardless of whether scam or not, is that as I thought more critically about their idea/design, I'm not sure it can really be built or work the way they are thinking.  I don't believe that multiple independent forks is the way to go about solving transaction processing performance/speed, because it breaks Satoshi's consensus mechanism, and I don't clearly understand how Cluster intends to solve that.

IMHO, if it was a legit ICO, the dev and his team would be all over that thread leading up to, through, and after the ICO closing posting updates and videos, social media etc.  Instead its just been dead.

I didn't spend more than I can afford to lose, I scooped up the coins as a casino bet that I hope pays off.  But if I were less technical and had read the CLUSTR announcement and put a whole bunch of BTC into it, I'd be pretty pissed at the way the whole thing is being handled.

[cryptoangel]

https://bitcointalk.org/index.php?topic=492758.msg5543425#msg5543425

Bittrex definitely has a hand in these coins, I would go as far to say they have made 5 digit figure payouts.

The temptation is to big to make huge profits and get financially backed for life, retire early.

People try to ride the waves in crypto, Bittrex just ride the crypto community.

They probably wont be around in 6 months time, most likely sell up.

[ocminer]

Yeah, I wanted to believe this was "real" and scooped up some of the post-ICO coins cheap.  But, I also went down the same road.  I compiled the daemon and was going to put it up on my pool to mine it, then compiled the QT wallet to get an address to mine to, and that was the first red flag for me.  The QT wallet is very poor, they changed the background /some style stuff but it doesn't work right on Linux, changing between tabs they "overwrite" on top of each other.  So that begs the question of whether these guys actually have the skills to build their "cluster" idea.  I can clean up the wallet so its usable for me, but why bother.

But the other big red flag is like you said, once you try parsing the guy's responses, it is kind of technical bullshit.  But it could be real too.  I dunno.  I really hope this isn't a scam.  But the dev has done nothing to help the situation, nor has Bittrex other than passing the buck of responsibility.  Unfortunately they are indeed a US company, and as much as they may like to think so, it isn't so simple to duck responsibility.

My other concern, regardless of whether scam or not, is that as I thought more critically about their idea/design, I'm not sure it can really be built or work the way they are thinking.  I don't believe that multiple independent forks is the way to go about solving transaction processing performance/speed, because it breaks Satoshi's consensus mechanism, and I don't clearly understand how Cluster intends to solve that.

IMHO, if it was a legit ICO, the dev and his team would be all over that thread leading up to, through, and after the ICO closing posting updates and videos, social media etc.  Instead its just been dead.

I didn't spend more than I can afford to lose, I scooped up the coins as a casino bet that I hope pays off.  But if I were less technical and had read the CLUSTR announcement and put a whole bunch of BTC into it, I'd be pretty pissed at the way the whole thing is being handled.

I second that in every point, Dev tells a lot about technical innovation but the wallet currently is practically just a clone of a clone of a clone without anything new. This was the origin for my suspicion too.

[Bl4ckw00d]

Thank you guys for all the help so far
I would like help in writing a draft email that would be sent to the SEC and other regulatory bodies regarding bittrexs handling of IPO's
They are not untouchable as they would like to think
The US already has a negative view on crypto and if thousands of people are emailing the SEC on weekly basis they won't ignore it
The bastard dev has come on the thread to delete posts and moan about spam when he should be sorting this shit out
He's just waiting to get his money then he's gone
And bittrex won't give a shit
The only way to get bittrex to listen is to hit them where it hurts

You can choose to do that and I respect your decision to do so.  But at the same time by flooding the SEC and other bodies which govern finance you are going to only hurt our crypto environment as a whole.  I get you want to take action but at the same time bringing a flood of regulation to this marketplace I feel would do more harm then good

[zmizmi]

GUYS! Its a SCAM! dont buy it!

[AbiusGMIU]

If the dev had any integrity, he would re-launch the coin, especially since it's still in alpha stage. As of recently he's started to refer to the coin as an "experiment", "idea" ect.. all warning signs of, "I most likely won't follow through with this project til' the end".

[Chris001]

Thanks Ocminer

When you say something, we know its for real.

When I seen the unmoderated thread I was thinking it was just the fudders back to work.

When I seen who started the thread, I was like, oh shit, I just lost some money!

Many of us don't have the ability to look over the code. Thanks for letting us know what you found.

My question is how can Bittrex release the BTC when it has been proven that this is a scam?

I really like Bittrex. I would really like to just to see them do the right thing, more than to just get back my .5 BTC.

[ocminer]

Thanks Ocminer

When you say something, we know its for real.

When I seen the unmoderated thread I was thinking it was just the fudders back to work.

When I seen who started the thread, I was like, oh shit, I just lost some money!

Many of us don't have the ability to look over the code. Thanks for letting us know what you found.

My question is how can Bittrex release the BTC when it has been proven that this is a scam?

I really like Bittrex. I would really like to just to see them do the right thing, more than to just get back my .5 BTC.

It is not yet proven to be a scam i just wanted to Post the things that bugged me as i got no answer in the original topic and my posts got deleted.

Maybe it is all Good..  Will See in the next 24 to 48 hours.

Bittrex still holds the 350 btc so we should be on the Safe side i think

[miningfool]

Scamdev deleted my post, so posting it here for whatever its worth

Quote from: stormia on Today at 06:01:35 PM
I think the whole "here is our code, look over it" thing was so that people could check for themselves that there was no hidden premine or something along those lines. It was clear, looking at the dev timeline, that the features were not going to be implemented at the beginning.

I don't think anyone is calling into question the development timeline.  But it certainly seems despite what the dev may claim that he's using a purchased user account, the lack of any sort of communication just screams scam.  The technical jargon responses is mumbo jumbo intended to fool the non-technical folks.

This whole thing if it was legit would be handled in an entirely different manner.  I don't have much faith in the PoD stuff, who's to say they don't just buy some id online or use the fake name generator site.  Instead of PoD, lets see some proof of activity, some proof of commitment, anything... videos, some more detailed posts on the project plan.  The dev doesn't even sound all that excited about their great IPO etc.

I really hope this is "real" and not a scam, but unfortunately all evidence points to the contrary at this point.  I was a believer up until I pulled their off the shelf code to put a daemon up on my pool to mine it, and compiled the Qt wallet on Linux.  These guys can't even build a basic wallet that works right cross-platform.

[owlcatz]

Scamdev deleted my post, so posting it here for whatever its worth

Quote from: stormia on Today at 06:01:35 PM
I think the whole "here is our code, look over it" thing was so that people could check for themselves that there was no hidden premine or something along those lines. It was clear, looking at the dev timeline, that the features were not going to be implemented at the beginning.

I don't think anyone is calling into question the development timeline.  But it certainly seems despite what the dev may claim that he's using a purchased user account, the lack of any sort of communication just screams scam.  The technical jargon responses is mumbo jumbo intended to fool the non-technical folks.

This whole thing if it was legit would be handled in an entirely different manner.  I don't have much faith in the PoD stuff, who's to say they don't just buy some id online or use the fake name generator site.  Instead of PoD, lets see some proof of activity, some proof of commitment, anything... videos, some more detailed posts on the project plan.  The dev doesn't even sound all that excited about their great IPO etc.

I really hope this is "real" and not a scam, but unfortunately all evidence points to the contrary at this point.  I was a believer up until I pulled their off the shelf code to put a daemon up on my pool to mine it, and compiled the Qt wallet on Linux.  These guys can't even build a basic wallet that works right cross-platform.

the least he could do is tweet from "his" twitter account and prove that it's not a purchased account, but he won't even do that. i'm surprised he left my post up asking him to do so tho, as he deletes everything else that questions him.  (I just started looking at this coin today actually, and don't care either way, just sick of scam-coins all the time, especially with ICO's).

I also told him i could not wait to see some "user-populated geo clusters" in action!!! (Deleted of course LMFAO!!!)

[richiela]

Chris/OCminer, you two are always thoughtful in your responses so I welcome a discussion with you on why you think its a scam. You guys know where you can find me. I will not engage in this discussion on this forum after this post.  

Here's what I do know as a fact, please find me and discuss if you have more facts.

* Our ICO terms stated in the original ANN said the dev must deliver a working wallet, blockchain and blockchain explorer.  This is more than requested by some other ICO terms.
* the ICO is based on the premise that the funds were to be used for future developments of the project. Not what was available today.  This was clearly stated in the ANN.
* the whitepaper was laid out along with the source code of the available wallet for everyone to decide before investing in the ICO.

None of these things have changed since people decided to invest based on their research.  In fact, the dev has already agreed add additional requirements by doing PoD (not going to get into the validity of it, but it is another way to raise the bar).  Bittrex makes no guarantees beyond ensuring that the coins you have purchased arrive in your wallet.

The other anecdotal things I've seen is:

* 3 accounts created in a one month period (how many accounts were created during the bitcoin hype period?)
* said accounts were part of giveaway threads (how many accounts were part of the giveaways?)
* dev isn't responsive enough (do you know how much time WE have spent engaged with the community with people that insist on FUD).

This is the data I have.  In the world where FUD allows for market manipulation, we have to operate on facts.  And, as I have stated many times, everyone has agreed to hold funds until PoD is completed.

thanks,
Richie