So what's going to happen now that we know the truth about XC/Blocknet?

[Marlo Stanfield]

So I've been following this now for a few days and now reading I'm atcsecure and Prometheus' posts in the Blocknet thread basically confirming everything that's been said.

https://bitcointalk.org/index.php?topic=829576.msg9407509#msg9407509

https://bitcointalk.org/index.php?topic=829576.msg9407751#msg9407751

So Dan was lying multiple times trying to cover up yesterday but now he's decided to come clean??? So everything is true basically???

So all the XC supporters have been screaming at the top of their lungs that the chat was faked and that Dan had no connection with Prometheus and now we have Dan saying he thinks Prometheus is 'ethical'. Okay, so how that everything has been confirmed nothing changes for all these people? What are they thinking? I'm confused.

Spoetnik's wild trolling about Dan being everyone and everything is being used to distract people from the facts it seems too.

The only person who hasn't really lied here it seems is Prometheus, since from what I can tell he never denied anything here. And then we have Dan and Synechrist lying their faces off trying to play damage control. I don't know how they managed to pull it off but they actually look worst than Prometheus in this whole drama.

Everyone from XC been saying that there's no way to prove the chat wasn't modified but now we have admissions that it's true. So, hello??? If the chat is not fabricated why aren't more people outraged? Dan was behind Halcyon! XC supporters were saying that this was so called 'FUD' and now we have an admission from Dan that he did in fact develop for Halcyon AND he published a CODE REVIEW for his own code under the pretense that he was an unbiased third party!

So now they try to divert attention away from the fact that everything turned out to be true and the chat is genuine(as it obviously was from the start!). They try to use the logic that this was a planned attack by Shadowcoin people. Well, who cares? Even if that's true, frankly who gives a shit, because all that matters is that they revealed the truth behind the scams.

What is wrong with people? XC is clear scumbaggery and everything that's wrong with the altcoin world. People that support these people and defend them after they've admitted to what they've done should be ostracized from the community.

If someone wants to defend these actions feel free to post and explain how Synechrist, Dan Metcalf and other XC supporters actions are ethical. Because from what I've read the last week or so is just disgusting. Everything from the pre-mine being drained and lied about by Synechist saying that it was drained by mid-September while everyone would plainly see on the block-chain that ~12k XC was pulled out right before the Blocknet ITO, to the confirmation that all the things they've been denying are actually true.

[RichardT]

As I've stated elsewhere, I think the only reason they still have supporters left is quite simple.  Those supporters are simply trying to protect their investment and/or are willing to be a part of the scam.  I guess it's also a possibility some are just that naive.  And in my opinion, that is what the XC guys are banking on.  Their strategy is to act innocent and hope to fish in more naive investors. This is what's really going on.  I highly doubt they will just simply give up and disappear.

The important thing is to better inform those who are unaware or the "newbies".

[organizer]

As soon as the XC team defended Jasinlee (of Fibonacci scam fame: https://litecointalk.org/index.php?topic=2702.0) everyone should have run as fast as they could. The "PR" person is a real piece of work too..

[Propulsion]

As I've stated elsewhere, I think the only reason they still have supporters left is quite simple.  Those supporters are simply trying to protect their investment and/or are willing to be a part of the scam.  I guess it's also a possibility some are just that naive.  And in my opinion, that is what the XC guys are banking on.  Their strategy is to act innocent and hope to fish in more naive investors. This is what's really going on.  I highly doubt they will just simply give up and disappear.

The important thing is to better inform those who are unaware or the "newbies".

This code does not justify 2500 BTC. It's insane. https://github.com/atcsecure/xbridge also the wallet for Blocknet doesn't compile on Linux. https://github.com/atcsecure/blocknet

[RichardT]

Seeing as everyone who has commented on this thread so far has full member status or above, let's try to keep it that way and make it a thread with mature discussion about what's going on. Any other full member, senior member or hero member should also chime if they can.

This way, no one can say that it's iust a bunch of "socket puppet" accounts trying to FUD. Obviously, anyone with strong evidence that could show that somehow all is this is not foul play should also come forward. We can be open to both sides of the discussion here as long they are reasonable.

[PhattyBanks]

I think it'll continue to get dumped, the 30k wall got taken out, maybe down to 10 or 15k. Then Dan the scam man Metcalf will announce some kind of revival and have Prometheus pump it a little bit

edit: hadn't read the last few pages of https://bitcointalk.org/index.php?topic=841223.0 its dead

[slapper]

I think it'll continue to get dumped, the 30k wall got taken out, maybe down to 10 or 15k. Then Dan the scam man Metcalf will announce some kind of revival and have Prometheus pump it a little bit

edit: hadn't read the last few pages of https://bitcointalk.org/index.php?topic=841223.0 its dead

Yup, that's how it is going to play out. There will still be retards going cheap XC, cheap XC, nom nom, etc to discourage dumping from those new to crypto/got suckered in during the June-July XC crapfest. They will most likely be the ones left holding the bag.

Fact is most in the forums here already knew that XC was one of the shadiest coins and that is why they never saw any new money coming in for months. The level of detail of the scams by that team might have been magnified recently but most everyone in the forums knew to stay away. A moderated thread crying FUD all this time isn't going to change reality unless they lied and deleted away so much that they really started believing it was all FUD. Obviously the PoW ending helped them sustain the 100k price for a long time but the insiders continued to dump after creating hype through some fudgy announcements weekly. Got too greedy and thought they can get away with trying to scour 2500 BTC once no more money was possible through XC and the entire premine/personal stash has been dumped.

The most hilarious thing is no one has ever seen that team post anything of technical substance, the kind you see from Vitalik, or CryptoNote or even Darkcoin for that matter, yet the pump guys paraded Dan around like some kind of expert. At least produce a HelloWorld.cpp of your own  Yah "decentralized", "trustless", "mesh" and other crap terms were thrown out to lure the noobs.

I am guessing that the PR guy will also issue some plausible denial note at the end of it all, saying he was never aware of all the shadiness.

[RichardT]

As I've stated elsewhere, I think the only reason they still have supporters left is quite simple.  Those supporters are simply trying to protect their investment and/or are willing to be a part of the scam.  I guess it's also a possibility some are just that naive.  And in my opinion, that is what the XC guys are banking on.  Their strategy is to act innocent and hope to fish in more naive investors. This is what's really going on.  I highly doubt they will just simply give up and disappear.

The important thing is to better inform those who are unaware or the "newbies".

This code does not justify 2500 BTC. It's insane. https://github.com/atcsecure/xbridge also the wallet for Blocknet doesn't compile on Linux. https://github.com/atcsecure/blocknet

It looks like the xbridge code has been updated since they posted it, but why is it just commits from Christian Howe?  How come Dan isn't contributing to it?  I thought it was suppose to be his idea.

[rdnkjdi]

As soon as the XC team defended Jasinlee (of Fibonacci scam fame: https://litecointalk.org/index.php?topic=2702.0) everyone should have run as fast as they could. The "PR" person is a real piece of work too..

Yes that was my warning to the XC holders.  I was screamed at, told in PM messages I deserved to lose everything,  etc by the XC faithful so it's difficult for me to have much empathy.

Their PR team at the time did a massive disservice by trying to protect their team member instead of look out for the coin/hodlers who were supporting them.  

I think what is missing here is even the REMOTEST respect that your money is coming from people who have actually invested in your abilities and the prospect of your idea/coin by both the devs and the PR team

For Dan to do code reviews on other competing coins, or develop another coin that has the same features while paying himself out of a pre mine that ONLY has worth because of those who have bought into his coin would be like the GM CEO moonlighting at Ford.

Much of what's come out with prom has surprised me little because I've seen a consistent disregard or appreciation for investors who have supported both Dan and Synchist.  They simply try to keep the sheep happy with pretty PR releases while making decisions that f*** investors in the a$$.

I think it's a relief that they were able to close the xc thread here and let the coin die a quiet death with fewer expectations while they tried to move on to the blocknet.

I wish there was some way of letting people decide to buy again or not.  I've been saying blocknet is screwing over xc (taking their dev, taking some of the coins promised tech, etc) since the beginning.  

If it was a do over they'd never raise the money.  I feel bad for all the investors.  And hope the teat Dan and friends have been sucking from eventually decide to move on to more ethically sound projects/investments.

P.S.  xc planned on incorporating and offering shares as well as the coin and the blocknet in order to raise more money 

[adhitthana]

So Dan was lying multiple times trying to cover up yesterday but now he's decided to come clean??? So everything is true basically???

Rather than babble on with a long post short on facts can you succinctly state what lie was told by Dan. It's not clear at all from you OP, which goes on and on and on without actually stating what you think was a lie.

Just state it simply.
 1.Dan said this........................

2. I think that is a lie because.......................

[adhitthana]

Spoetnik's wild trolling ?

Bull fucking shit.

I helped to post facts period.

What you wrote here was not facts  . https://bitcointalk.org/index.php?topic=836324.msg9377973#msg9377973
According the the actual EVIDENCE what you say cannot be trusted.


It would have been a very simple thing to go and check whether what you heard was true, but instead you posted false information and then tried to defend it.

[Weekend Warrior]

don't call me a fucking troll !

you are a fucking troll, the biggest in crypto community

[Marlo Stanfield]

So Dan was lying multiple times trying to cover up yesterday but now he's decided to come clean??? So everything is true basically???

Rather than babble on with a long post short on facts can you succinctly state what lie was told by Dan. It's not clear at all from you OP, which goes on and on and on without actually stating what you think was a lie.

Just state it simply.
 1.Dan said this........................

2. I think that is a lie because.......................

1.Dan said this........................

Dan said he wasn't involved with Halcyon:

https://bitcointalk.org/index.php?topic=630547.msg9395251#msg9395251

I'm sorry, I wasn't clear the first time, I am not the halc dev nor did I write any of its code.  We should subpoena the forum server logs and get the IP's..  That is completely absurd that I am the halc dev.

Keep in mind that he was paid to do an "unbiased" code review to pump Halcyon.

He also denied it in other posts I can dig up later.

2. I think that is a lie because.......................

Dan and Prometheus' statements today confirmed that Dan did in fact work with Prometethus on Halcyon.

Dan now claims that his involvement with Halcyon was "public knowledge":

1.Dan said this........................

I wanted to make a clear and concise statement about all of this mud slinging going around....

As everybody involved with XC's knows I did numerous freelance projects, some of which Prometheus was involved in, like KeyOS and Halc.  Yesterday I was so frustrated with everything that was ALREADY PUBLIC KNOWLEDGE [stated on twitter and in the XC OP/ANN] being portrayed as some type of scam..

2. I think that is a lie because.......................

He wasn't publicly known to be behind Halcyon by anyone other than "inner circle" people.

Especially the fact that he did one of those pump and dump code reviews for them under false pretenses. How do you defend him being involved in such activities?

[adhitthana]

Dan said he wasn't involved with Halcyon:

Dan said he was not the Halcyon dev nor did he write any of it's code.
Do you or do you not have any evidence he did?

If you do just come out in a straightforward manner and show what this evidence is?

All you did was come out with another rambling post.
What you did not do was provide any evidence that Dan lied.

[Propulsion]

Even if this project raises the necessary funding to complete it's IPO, there won't be a working implementation of code for it until the earliest of Q2 of 2015. In cryptocurrency time, that is equivalent to years. I just don't see how any "tokens" bought during the IPO will retain their initial price between the initial purchase price and the time of release of working code. This is such a bad investment the tokens will not retain their IPO price for 8 months.

[CryptoGuu]

Dan said he wasn't involved with Halcyon:

Dan said he was not the Halcyon dev nor did he write any of it's code.
Do you or do you not have any evidence he did?

If you do just come out in a straightforward manner and show what this evidence is?

All you did was come out with another rambling post.
What you did not do was provide any evidence that Dan lied.

Prometheus said in the chatlogs that Dan was the dev of hal and promotheus do not deny the chatlogs. So Dan lied.

Even if this project raises the necessary funding to complete it's IPO, there won't be a working implementation of code for it until the earliest of Q2 of 2015. In cryptocurrency time, that is equivalent to years. I just don't see how any "tokens" bought during the IPO will retain their initial price between the initial purchase price and the time of release of working code. This is such a bad investment the tokens will not retain their IPO price for 8 months.

+1

I would like to short blocknet.

[Crestington]

You know that SatoshiDice was fined 30k USD earlier this year for running an unregulated IPO?

This is much different since it's hosting multiple IPO's in connection with a pump and dump group for the sole purpose of fraud. I never heard of any of these Coins or Dan Metcalf before this Blocknet thing, just not into chasing IPO's. I know the majority are scams so when people started saying its this Dan guy is doing "code reviews" for unknown coins, and linked to a pump and dump group and intense "supporters", I am more likely to believe them because if he wasn't, he could have proven all of it false on his own, without needing the help of others. He even admitted it now so how long until the feds come knocking?

Being accused of running multiple unregulated IPO's, market manipulation and fraudulent schemes totaling more than 1 million USD, that's some pretty serious charges.

[RichardT]

Dan said he wasn't involved with Halcyon:

Dan said he was not the Halcyon dev nor did he write any of it's code.
Do you or do you not have any evidence he did?

If you do just come out in a straightforward manner and show what this evidence is?

All you did was come out with another rambling post.
What you did not do was provide any evidence that Dan lied.

Prometheus said in the chatlogs that Dan was the dev of hal and promotheus do not deny the chatlogs. So Dan lied.

This is exactly what people need to realize.

The chatlogs are real according to Prometheus' statement.  Which means Dan lied.  Or an alternative would be that Prometheus lied about Dan being the dev of Hal.  But that would be inconsistent with Dan's statement claiming that Prometheus is "ethical".  And besides, why would Prometheus need to lie about Dan being the dev of Hal anyways?  What could he possibly gain from that?

So the logical conclusion:  Dan lied.

Anyone see any other inconsistencies?

[UnicornFarts]

Dan said he wasn't involved with Halcyon:

Dan said he was not the Halcyon dev nor did he write any of it's code.
Do you or do you not have any evidence he did?

If you do just come out in a straightforward manner and show what this evidence is?

All you did was come out with another rambling post.
What you did not do was provide any evidence that Dan lied.

Prometheus said in the chatlogs that Dan was the dev of hal and promotheus do not deny the chatlogs. So Dan lied.

This is exactly what people need to realize.

The chatlogs are real according to Prometheus' statement.  Which means Dan lied.  Or an alternative would be that Prometheus lied about Dan being the dev of Hal.  But that would be inconsistent with Dan's statement claiming that Prometheus is "ethical".  And besides, why would Prometheus need to lie about Dan being the dev of Hal anyways?  What could he possibly gain from that?

So the logical conclusion:  Dan lied.

Anyone see any other inconsistencies?

What I find interesting about the entire debacle is how angry people are at the truth coming out as "organized FUD"

Like it's our responsibility to spin it in a good light.  No one is angry at Dan for being at the least an absolute moron (highly unlikely) or probably a borderline scammer.

They are angry at us for openly discussing it.

IMO after bittrex offers the buywall people are going to unload the blocknet down to the point where it's under the target fund raising goal (I believe bittrex had about 1/3 of the total sales?)

[Spoetnik]

i always love the way you have with words Unicorn.. i couldn't have said it better myself !

Listen to this guy people.
If you have trouble with long winded rants this your guy for quicker concise summaries like a fucking boss LOL