Jasinlee - one of XC's "Team Members" is a master fraudster

[adhitthana]

[This does not mean that we are no longer in touch with him.] ...we are regularly in touch with him, he contributes to discussions over Skype,

I don't care if you talk to him. What is his role in XC?
Can't you please give an unambiguous response?

and we continue to have every expectation that his ASIC problems will be resolved in due course.

I don't care about your expectations of Jasinlee. Your expectations about him are 100% irrelevant.

[synechist]

[This does not mean that we are no longer in touch with him.] ...we are regularly in touch with him, he contributes to discussions over Skype,

I don't care if you talk to him. What is his role in XC?
Can't you please give an unambiguous response?

and we continue to have every expectation that his ASIC problems will be resolved in due course.

I don't care about your expectations of Jasinlee. Your expectations about him are 100% irrelevant.

How is this unambiguous?

- "As you might see from the website, Jasin is no longer listed as a team member in an official capacity. So, no."


Furthermore it is not irrelevant to be candid about both our continued interaction with Jasin and our expectations about Jasin's ASIC project. In fact, it is pretty important that we remain candid about this, since it would be bad faith if we were to lead investors to think that his lacking an official capacity with XC meant that he was not in communication with us.

[adhitthana]

How is this unambiguous?

- "As you might see from the website, Jasin is no longer listed as a team member in an official capacity. So, no."

Your response has been ambiguous because you have said elsewhere that he is involved in "discussions."
Apparently Jasinlee is still involved in an "unofficial" capacity. You need to be be clear and unambigous about what this is.

Furthermore it is not irrelevant

Your opinion s about the other matter is irrelevant. The other matter has nothing to do with XC.
  

to be candid about both our continued interaction with Jasin and our expectations about Jasin's ASIC project. In fact, it is pretty important that we remain candid about this, since it would be bad faith if we were to lead investors to think that his lacking an official capacity with XC meant that he was not in communication with us.

I don't care whether you talk to him. He is innocent (until proven guilty). So whether you are in communication with him is irrelevant.

What matters is his current role in XC.

[csun]

most certainly smells like a scam.

If Jasin is truly unable to respond due to a personal issue, then it's advisable that he communicates it. Either himself, or through someone else.

Excellent post. This is constructive.

"Smells like a scam" is the most truthful representation of your perspective we've had so far. If I didn't know Jasin and was coming from your perspective I'd say the same thing.

Yet "smelling like a scam" is worlds away from being shown to be a scam.

That's the crucial fact here. This thread accuses Jasin of being a scammer. This is manifestly unjustified.



As for Jasin being unable to respond, well, you've now heard from me. You're very welcome to calm others' nerves by spreading the word as to the reason for his silence.

Failure to understand context of a phrase and moving goal posts now?

Perhaps you've never heard of the saying "if it walks like a duck, quacks like a duck, then it must be a duck"? Given sufficient observable evidence to arrive at a conclusion with almost certainty, it is no longer up to me to prove the conclusion with absolute certainty, but for you to refute my arguments.

Again, Jasin has taken money, failed to meet contractual obligations (not just by a little bit, but by a huge margin), failed to produce proof of any work done to meet contractual obligations, removed/concealed financial transaction data, and has disappeared for the past week and a half. A rational person, court, etc. would see these chain of actions as a scam. I am no longer obligated to provide further arguments. Rather it is up to Jasin, or rather you to refute the arguments.

Here is the tally so far:
Jasin has taken money: You have admitted that he has.
Failed to meet contractual obligations: Your argument is that because delivery is late does not mean it is a scam. This is a weak argument since you could extend the delay out indefinitely and nothing would ever be considered a scam. Again, it's not just a few times or a small delay, it has been every time, indefinite delay.
Failed to  produce proof of work done to meet contractual obligations: Jasin has refused to provide information of foundry for order verification because the foundry does not like crypto-currencies...
Removed/concealed financial transaction data: Removed user login and reworked Fibonaci.io. Promises to have it restored by last weekend. Has not delivered or addressed the issue. Again, I suppose if you give him till the end of time, he will eventually deliver right?

It is not my responsibility inform anyone of Jasin's condition. In fact, I don't give much credence to the statement given that work seems to have been done on the Fibonaci.io site in the mean time. Also, it has somehow escaped the conversation where his unresponsiveness was a major driving point in the complaints until now.

[rdnkjdi]

Sorry its 3am here, I should have mentioned that you need to explain proof. Also proof of order is nearly always vital in these type of threads.

Teka

While I believe I understand what you are saying - that I need more "proof".  Proof is in the eye of the beholder.  It isn't really up to me or the XC team to decide how much proof is needed to warn investors on a project he's pretty intimately involved with

However.  Promising to deliver a product in May/June, then July, then August.  Then October.  Then refusing to provide any tangible proof that the product (ASIC) was ever worked on.  Then removing the ability to login to a website that has the only ledger or proof of original orders and turning it into a sales pitch for XC/Cachecoin.   And then going AWOL from the project entirely.  I would argue is plenty of proof for any non biased person.

I understand that it is XC's stance that this is not proof enough.  But I'm afraid in this we will have to disagree.  Quite frankly I'm baffled at the responses on here.  Investors have lost hundreds of thousands to your developer.  But the stance of your lead PR is that I am simply spreading FUD.

I am completely at a loss as to why you've chosen to defend, entrench and refuse to even take a close look at the facts presented.  I want as many contemplating jumping into this project to comprehend what they are getting into.  Thank you for your clarification and explanations.

 Let me know if there's anything else I can do.  I'm trying to be honest and upfront here.  Be happy to deal with you even if we disagree as long as you don't waste my efforts to dialog with word games.  If you decide XC has a different official response I will be happy to update the OP.

[synechist]

Sorry its 3am here, I should have mentioned that you need to explain proof. Also proof of order is nearly always vital in these type of threads.

While I believe I understand what you are saying - that I need more "proof".  Proof is in the eye of the beholder.  It isn't really up to me or the XC team to decide how much proof is needed.

However.  Promising to deliver a product in June, then July, then August.  Then October.  Then refusing to provide any tangible proof that the product (ASIC) was ever worked on.  Then removing the ability to login to a website that has the only ledger or proof of original orders and turning it into a sales pitch for XC/Cachecoin.   And then going AWOL from the project entirely.  I would argue is plenty of proof for any non biased person.

I understand that it is XC's stance that this is not proof enough.  But I'm afraid in this we will have to disagree.

You're now repeating yourself.

I won't do the same.

Instead, here's a link: https://bitcointalk.org/index.php?topic=770801.msg8693958#msg8693958

[demgains]

LOL how the fuck does XC have ANYTHING to do with what one of the members did in the past? This coin was created WITHOUT Jasinlee, and he was later added. So because he offered his services, we all have to suffer for some mishap that occured in the past with him? Seriously guys, go reach out to him personally and stop trying to stir the pot and create FUD. I've read these stupid threads before and they are laughable and hold zero relevance to XC. Dan is the lead dev and he has proven to be trustworthy and transparent. Jasinlee is aiding in the development and is just a small piece of the big puzzle.

[rdnkjdi]

LOL how the fuck does XC have ANYTHING to do with what one of the members did in the past? This coin was created WITHOUT Jasinlee, and he was later added. So because he offered his services, we all have to suffer for some mishap that occured in the past with him? Seriously guys, go reach out to him personally and stop trying to stir the pot and create FUD. I've read these stupid threads before and they are laughable and hold zero relevance to XC. Dan is the lead dev and he has proven to be trustworthy and transparent. Jasinlee is aiding in the development and is just a small piece of the big puzzle.

I'm really unsure of what else to say.  It's a bad idea to invest in a closed source coin that claims world class anon when one of the three devs has repeatedly lied and defrauded dozens of customers out of hundreds of thousands of dollars and the entire XC team continues to back and defend him?

It isn't your problem if you are content with everything I suppose.  I just find it odd that you are.

Maybe I'm just sour grapes (happens when someone cheats you out of thousands of dollars with lies).  I'd planned on letting this go even though Jasinlee likes the world to think he's part of your project.  If my goal was strictly spreading FUD against XC I would have posted this long ago.

But then I saw people in XC talking about how he's still associated with the project.

I've pointed out the conflicts of interest between Cache and XC.

Buyer beware?

[rdnkjdi]

rdnkjdi... May we see your orders from Cryptsy? Arlyn asked for them today. You have had enough time, so it shouldn't be a problem. Right? Can you post them here so we can see you have a valid argument. Not the other guys... just you. As you can see from my above post I am taking some heat here because I think Jasin not keeping you guys in the loop is not right. I am acting in good faith so can you reciprocate and show your orders. It would establish trust. Thank you.

Sure I said I'd be happy to answer any other questions.   Just have low tolerance for word games and Synchillis has worn out my patience.

Not really sure exactly what this proves except the price I purchased cache with.

http://imgur.com/zU9f4pF

I plan on following my post up with timelined quotes from Jasin and the people in lite coin forums who have been scammed.  

I've been offered a refund w cache being worth $0.04 - worthless now that it's not being pumped by Jasin.

Jasin was offering .01btc per cache so I would've purchased $7,200 worth of cache.  Since I was getting it at 65% price on average at Cryptsy I suppose I probably spent  4,600ish in real dollars.

So my 1,500 cach worth  4,600 would be worth $75 if I took a refund.  

I was able to get a lower rate  on ASIC hash power that Jasin is promising in two months a week ago for a lower price per mhs than what I paid him.

At the hash rate jasin is promised in a few months (what hes promised for the 3rd time?) it won't be worth much more than the cache refund.  If I was guessing - if he does deliver (doubtful) it'll be a ripoff of buying someone else's old chip design.

[CryptoGretzky]

rdnkjdi... May we see your orders from Cryptsy? Arlyn asked for them today. You have had enough time, so it shouldn't be a problem. Right? Can you post them here so we can see you have a valid argument. Not the other guys... just you. As you can see from my above post I am taking some heat here because I think Jasin not keeping you guys in the loop is not right. I am acting in good faith so can you reciprocate and show your orders. It would establish trust. Thank you.

Sure I said I'd be happy to answer any other questions.   Just have low tolerance for word games and Synchillis has worn out my patience.

Not really sure exactly what this proves except the price I purchased cache with.

http://imgur.com/zU9f4pF

I plan on following my post up with timelined quotes from Jasin and the people in lite coin forums who have been scammed.  

I've been offered a refund w cache being worth $0.04 - worthless now that it's not being pumped by Jasin.

Jasin was offering .01btc per cache so I would've purchased $7,200 worth of cache.  Since I was getting it at 65% price on average at Cryptsy I suppose I probably spent  4,600ish in real dollars.

So my 1,500 cach worth  4,600 would be worth $75 if I took a refund.  

I was able to get a lower rate  on ASIC hash power that Jasin is promising in two months a week ago for a lower price per mhs than what I paid him.

At the hash rate jasin is promised in a few months (what hes promised for the 3rd time?) it won't be worth much more than the cache refund.  If I was guessing - if he does deliver (doubtful) it'll be a ripoff of buying someone else's old chip design.

Hmm... your screenshot shows that you purchased a total of 0.016261148 btc of cache.    What are you trying to show there?  I don't get it.

[rdnkjdi]

rdnkjdi... May we see your orders from Cryptsy? Arlyn asked for them today. You have had enough time, so it shouldn't be a problem. Right? Can you post them here so we can see you have a valid argument. Not the other guys... just you. As you can see from my above post I am taking some heat here because I think Jasin not keeping you guys in the loop is not right. I am acting in good faith so can you reciprocate and show your orders. It would establish trust. Thank you.

Sure I said I'd be happy to answer any other questions.   Just have low tolerance for word games and Synchillis has worn out my patience.

Not really sure exactly what this proves except the price I purchased cache with.

http://imgur.com/zU9f4pF

I plan on following my post up with timelined quotes from Jasin and the people in lite coin forums who have been scammed.  

I've been offered a refund w cache being worth $0.04 - worthless now that it's not being pumped by Jasin.

Jasin was offering .01btc per cache so I would've purchased $7,200 worth of cache.  Since I was getting it at 65% price on average at Cryptsy I suppose I probably spent  4,600ish in real dollars.

So my 1,500 cach worth  4,600 would be worth $75 if I took a refund.  

I was able to get a lower rate  on ASIC hash power that Jasin is promising in two months a week ago for a lower price per mhs than what I paid him.

At the hash rate jasin is promised in a few months (what hes promised for the 3rd time?) it won't be worth much more than the cache refund.  If I was guessing - if he does deliver (doubtful) it'll be a ripoff of buying someone else's old chip design.

Hmm... your screenshot shows that you purchased a total of 0.016261148 btc of cache.    What are you trying to show there?  I don't get it.

It's a small section and from a phone screenshot. Someone on the chat thread was asking. 

If people want to know the exact number of cache and have proof I can figure out a way to get it from my computer.

It may be dozens of screenshots.  You can easily go back to crypsy and track the prices with jasins announcement.

I stated I would answer questions from anyone who was not the wordplay guy and was attempting to do so.

[CryptoGretzky]

rdnkjdi... May we see your orders from Cryptsy? Arlyn asked for them today. You have had enough time, so it shouldn't be a problem. Right? Can you post them here so we can see you have a valid argument. Not the other guys... just you. As you can see from my above post I am taking some heat here because I think Jasin not keeping you guys in the loop is not right. I am acting in good faith so can you reciprocate and show your orders. It would establish trust. Thank you.

Sure I said I'd be happy to answer any other questions.   Just have low tolerance for word games and Synchillis has worn out my patience.

Not really sure exactly what this proves except the price I purchased cache with.

http://imgur.com/zU9f4pF

I plan on following my post up with timelined quotes from Jasin and the people in lite coin forums who have been scammed.  

I've been offered a refund w cache being worth $0.04 - worthless now that it's not being pumped by Jasin.

Jasin was offering .01btc per cache so I would've purchased $7,200 worth of cache.  Since I was getting it at 65% price on average at Cryptsy I suppose I probably spent  4,600ish in real dollars.

So my 1,500 cach worth  4,600 would be worth $75 if I took a refund.  

I was able to get a lower rate  on ASIC hash power that Jasin is promising in two months a week ago for a lower price per mhs than what I paid him.

At the hash rate jasin is promised in a few months (what hes promised for the 3rd time?) it won't be worth much more than the cache refund.  If I was guessing - if he does deliver (doubtful) it'll be a ripoff of buying someone else's old chip design.

Hmm... your screenshot shows that you purchased a total of 0.016261148 btc of cache.    What are you trying to show there?  I don't get it.

It's a small section and from a phone screenshot. Someone on the chat thread was asking. 

If people want to know the exact number of cache and have proof I can figure out a way to get it from my computer.

It may be dozens of screenshots.  You can easily go back to crypsy and track the prices with jasins announcement.

I stated I would answer questions from anyone who was not the wordplay guy and was attempting to do so.

Your post title is so misleading.    Jasinlee is not "one of the developer" of XC.    He might deliver PoBC in the future, but he's definitely not one of the developer of XC.   He doesn't even have any hands in the core of the codes now.   So, by you spreading FUD about XC and trying to tank the price of XC, who do I go after for that?   That's your ultimate objective isn't it?  Trying to drag XC down since you lost money on some stupid purchase of an ASIC.   

XC is not something that Jasin created.  Dan is the creator of XC.   How many times does it take for people to get it through your troll skull?  Go troll in the Cache coin thread instead.

[CrazyLeoW]

Alright I'm going to (try) to be brief.

Cryptocurrencies are built on trust/distrust from association.

Prior to now - Jasinlee was listed as the #2 developer on XC per their website.  In recent allegations he was taken off the website.  I gave them the benefit of the doubt that they would politely ask him to step away.  However it looks more like he's still a pretty integral part of the project.  His website is now dedicated to XC (fibonacci.io) and he took down the ability for the ASIC purchasers to log in and see their shares (was supposed to be a hosted thing).  He now says nothing about ASICs - limited to XC/Cache promotion.

Jasinlee has scammed people out of hundreds of thousands of dollars on a preorder Scyrpt ASIC.  He has not responded to anything (dozens) of questions that his "answers" raised after an IRC chat that was supposed to clear up questions.  He has gone awol but continues to work on the XC project.

Scam accusation project -> https://litecointalk.org/index.php?topic=21506.msg198342#msg198342
Summary thread (needs updated) -> https://litecointalk.org/index.php?topic=21742.msg203897#msg203897
Summary of last communication w Jasinlee week ago summarized (I will be corrected if I get any of it wrong) -> https://litecointalk.org/index.php?topic=21742.msg203897#msg203897

Alliance with XC confirmed today.

'Cryptophi was a joined marketing project and what got us to Bitcoin in the Beltway.'

Furthermore, hes active in our 'project' chat.

Jasin's work and experience is beneficial to XC. So far his experience and coding in regards to XC have been extremely useful for the project.

https://fibonacci.io/ (fibonacci is where we originally ordered the miners.  Nothing is said about them now)
http://cryptophi.com/ (joint effort by jasinlee & XC & Cache)

I don't believe XC is "behind" the ASIC scam however.

1 - They continue to be happy to partner with Jasinlee to promote their coin on a website I used to be able to log into and look at my "ASIC" shares that are never coming.  Now it's dedicated to promoting XC/Cache.

2 - They continue to be happy to be associated with him as a developer which leads me to believe he is a very core part of the team.  (He was listed as #2 dev at one time)

3 - I'm not sure if they are aware.  But the technology associated with XC Jasinlee has several times mentioned porting over to Cachecoin.  Since XC is closed source I believe he plans on using it to "pump" cachecoin (anon messaging, anon transactions, sidechain technology it is unclear if it will be released to Cachecoin or XC first).

<<Edit>> The devs assure me that all the features that exist in XC that are going to Cachecoin will be redeveloped by Jasin.  #3 is a strong hunch supported by evidence but not provable.


This is a long long post to just say.  There is much more here than meets the eye to both Cachecoin, XCurrency, Jasinlee, a website I used to be able to log into my account with that now says nothing about ASICs.  

Take it for what it's worth.  Don't walk but RUN from XC and/or Cache.  They had a chance to disassociate themselves and they have chosen not to.


This is from Teka for XC on their stance of my accusations.  

If you could include this in the op even as a direct qoute I will be extremely happy:

- You can not guarantee that people will loose many because Jasin is involved
         - Our core community is aware of this situation and has expressed their opinon, none of them have dumped or a dumping because of Jasin.

- He's not in position of power.
         - He has no access to any of the funds like the premine
         - He can't dictate what the team does or who works for XC

- Jasin's involvement with cachecoin was public

- Blockchain 2.0 and POBOC ('Interchains') was public and we released that we will be working with Cache on this
           -Currently this in very very early stages

- Anon features were a part of Cache, we addressed the fact that the implementation was different. We never tried to hide the fact that Cache had Anon features. In fact we even discussed it with members. Although these features seem similar they have nothing to do with XC.

- This means that most people knew about nearly every detail of cache and the collab with XC

- You cannot prove that Jasin is stealing any code. As you said this your gut feeling.
        - None of the current tech published by XC was created by Jasin


Also if you a serious about this put a disclaimer that currently you have published no proof. You might have some, I have no idea if you do but currently you haven't put anything out.

Hey rdnkjdi,
afaik, Jasin doesn't develop code for XC team. He works on Marketing and Strategy.
I talked with XC team on technology discussion. So I know it.

[CrazyLeoW]

And PoBC is not XC's code. But will be combined with XC after implemented.
Stop FUD if you have no idea on a unknown thing.

[rdnkjdi]

I'm really just tired of this.  Obviously those with a vested interest will downplay this.

This thread is officially a warning to those contemplating investing in XC.  I think the content stands on its own.

Any future questions I'll be happy to answer.  All I see is "you have no proof" when there is plenty.  

And "it doesn't matter" which baffles me beyond belief.  But to each his own.

[CryptoGretzky]

I'm really just tired of this.  Obviously those with a vested interest will downplay this.

This thread is officially a warning to those contemplating investing in XC.  I think the content stands on its own.

Any future questions I'll be happy to answer.  All I see is "you have no proof" when there is plenty.  

And "it doesn't matter" which baffles me beyond belief.  But to each his own.

We are all tired of your fud.   You just better watch yourself if someone lose their money through their investment of XC and they make an example of you.   You have slandered XC which is unjustified because Dan is the creator of the coin.    You just might be the first one to have BCT subpoena for your IP and have your ass sued for it if you keep this shit up.

If you feel you have a legitimate legal complaint aganist Jasin, then go through legal means and stop whining on this forum.

Bring your whining about your greedy investment of an unknown ASIC that didn't materialized to the correct place and not drag other people's investment down, you asshole.  Nobody have any sympathy for your greediness gone wrong.

It doesn't matter to me because I didn't get greedy and tried to invest in a product that looks too good to be true, you did.

[holyprofit]

LOL how the fuck does XC have ANYTHING to do with what one of the members did in the past? This coin was created WITHOUT Jasinlee, and he was later added. So because he offered his services, we all have to suffer for some mishap that occured in the past with him? Seriously guys, go reach out to him personally and stop trying to stir the pot and create FUD. I've read these stupid threads before and they are laughable and hold zero relevance to XC. Dan is the lead dev and he has proven to be trustworthy and transparent. Jasinlee is aiding in the development and is just a small piece of the big puzzle.

I'm really unsure of what else to say.  

That's because you've repeated yourself so often even you are getting bored. I think you have made your point. And as above, why not actually go after the person you think has scammed you - oh I know, it's because you're fudding. And what proof!?!? To be honest I'm beginning to doubt you lost anything.

[uozer]

lots of people can tell you that jasinlee took their money and didnt deliver on promises, thats the bottom line.

[CryptoGretzky]

lots of people can tell you that jasinlee took their money and didnt deliver on promises, thats the bottom line.

Then deal with Jasin... not XC.  Jasin has nothing to do with XC and their investors.

[Teka]

lots of people can tell you that jasinlee took their money and didnt deliver on promises, thats the bottom line.

Then deal with Jasin... not XC.  Jasin has nothing to do with XC and their investors.

Exactly. Focus on Jasin.