The story of the Razor ("RZR") scam. Bryce Weiner and RazorTech

[Wandererfromthenorth]

Here's the pastebin I wrote today about RZR:


http://pastebin.com/zwKZQhu4



First “Razortech” (an anonymous developer out of nowhere nobody knows about) created a coin called Razor (RZR), which was a complete copy of a scamcoin called Neutrino (a 100% premined  scam https://bitcointalk.org/index.php?topic=657607.0). Razortech just copied the idea (using Tor) and code of Neutrino, and made it without premine so that they could advertise the “No premine” shit to make the coin seem legit.
The coin tried to capitalise on the anonymity trend in shitcoins going on at the time (DRK, CRYPT, CLOAK and similar shitcoins), they knew the hype was gonna come. The coin had no premine, but the mining schedule was made so that there would be huge inflation (new coins mined) during the first weeks so that miners would profit big from noobs who would get exited about a new anon Tor coin (and bring the price to an unsustainable level right away).

Bryce Weiner (who worked at BlockTech at the time) saw the opportunity to get involved and hype a coin that would be highly profitable for miners (that's what he does, he creates new coins, he mines and dumps them “I make money out of thin air”  http://pastebin.com/VGyVPHN4)  so he started “working” and “developing” RZR along with RazorTech.

To hype a little more, Razortech said that a SMS gateway was in testing and coming shortly, and they said that they had a new solution that would anonymise transactions in the blockchain better than traditional coin mixing and that solution was in testing and ready to launch shortly too.
https://bitcointalk.org/index.php?topic=644498.msg7566115#msg7566115
These features were NEVER RELEASED (they were likely a lie).  

A decentralised market like Openbazaar (well basically a copy of Openbazaar...) using RZR named “RZRoad” was also promised.   


The coin started going apeshit on Twitter and Weiner was hyping it with all his strength. The inflation was ridiculous (250-300 BTCs a day) and some  were getting concerned and warned people (https://twitter.com/CryptoCobain/status/479939530733412352), but Weiner continued hyping (price was around 200k-300k satoshis at the time).


After a few days from RZR Bittrex listing, price crashed and pretty much continued crashing with some dead cat bounces here and there to eventually reach 5k satoshis (today's price).

Price continued bleeding with no real developments, no features, no new tech, no nothing.
Razortech and Weiner don't care, because their “MineHypeDump” mission was complete.

Now Razortech has gone missing, Devon Read (Blocktech CEO) said “we don't have plans to use Razor in anything”, and seems like Weiner will not develop the coin any further from here (https://twitter.com/BryceWeiner/status/529381868677128192).

Bryce Weiner is fired (“he quit for ethical reasons”, yeah right LMAO) from  Blocktech and he's probably gonna try to continue create new shitcoins while keeping the whole “MineHypeDump” scheme intact.



RZR was a con. A clusterfuck. A highly profitable (for early miners only though, dumping on noobs) cheap copy of a scamcoin that had 0 real developments since its launch.

Bryce Weiner is an incompetent developer who gets people screwed at best, an outright conman and scammer at worst.
Simply stay away from anything he touches as a developer.

[1714131376]

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[1714131376]

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[Wandererfromthenorth]

Thanks CryptoArticles for publishing my story!

http://www.cryptoarticles.com/crypto-news/razor-another-altcoin-that-failed-to-deliver-on-promises-and-is-slowly-dying


 

[jdebunt]

Thanks CryptoArticles for publishing my story!

http://www.cryptoarticles.com/crypto-news/razor-another-altcoin-that-failed-to-deliver-on-promises-and-is-slowly-dying


 

You're welcome

[nutildah]

Moral of the story. There are some developers who are simply bad people. They are full of shit, through and through. No matter how many chances you give them, no matter what promises they offer, no matter how glittery the path to free money is, these people will always con you in the end. They are psychopaths and can't help themselves.

Bryce Weiner
IconicExpert
IGotSpot
The Monero/HYP devs
The XC Devs

I'm sure there's plenty more to add... feel free to add to the list.

[Marlo Stanfield]

Moral of the story. There are some developers who are simply bad people. They are full of shit, through and through. No matter how many chances you give them, no matter what promises they offer, no matter how glittery the path to free money is, these people will always con you in the end. They are psychopaths and can't help themselves.

Bryce Weiner
IconicExpert
IGotSpot
The Monero/HYP devs
The XC Devs

I'm sure there's plenty more to add... feel free to add to the list.

Yeah, there is the dirty underbelly of the alt scene. As a community we should really do more to highlight the shady assholes in the scene like the ones you mention.

Not sure I would put any of the Monero devs on that list though. Putting them on a list with Dan Metcalf and anyone involved with XC is just a real low blow.

Some people in the Monero community are toxic. But the devs are generally decent people I think. Some more than others. Not sure about David Lapatie though now that he's knee deep in HYP. That doesn't reflect well on Monero. Surprised the community stands for that connection. HYP is basically an alcoin Ponzi. It should just be called HYIP instead.

[nutildah]

I don't know if you could call IE a real developer. Sure, he knows how to clone coins and skin a simple USB launcher, but that's not really indicative of anything other than some minimal knowledge. To call him a dev is similar to calling all first semester students who took Java and got a passing grade developers. If anything, he's a scam artist who knows how to copy and paste.

Pretty much the exact same thing can be said about Bryce Weiner. I'm just including people who _claimed_ to be devs at one point or another (amongst many, many other things).

[WowWtf]

Moral of the story. There are some developers who are simply bad people. They are full of shit, through and through. No matter how many chances you give them, no matter what promises they offer, no matter how glittery the path to free money is, these people will always con you in the end. They are psychopaths and can't help themselves.

Bryce Weiner
IconicExpert
IGotSpot
The Monero/HYP devs
The XC Devs

I'm sure there's plenty more to add... feel free to add to the list.

Yeah, there is the dirty underbelly of the alt scene. As a community we should really do more to highlight the shady assholes in the scene like the ones you mention.

Not sure I would put any of the Monero devs on that list though. Putting them on a list with Dan Metcalf and anyone involved with XC is just a real low blow.

Some people in the Monero community are toxic. But the devs are generally decent people I think. Some more than others. Not sure about David Lapatie though now that he's knee deep in HYP. That doesn't reflect well on Monero. Surprised the community stands for that connection. HYP is basically an alcoin Ponzi. It should just be called HYIP instead.

Nutildah is a known troll/retard, kind of like a lesser, more retarded clone of Spoetnik. Anything he says, do the opposite. Anything he suggests, believe the opposite. That's all I have to say.

[PhattyBanks]

Anybody remember that Max Scheisse guy back when coinmarkets was like the Bryce fanboy lounge? He would come in there and shit all over Bryce and his projects and get kicked, he was hilarious, does anybody know who that really was?

Personally I didn't lose anything on Weiner coins, I just mined them, a couple were pretty profitable like that blake coin he made where you could mine and dump 3 coins for btc and the 4th coin his coin you could trade for NAUT. I really can't hate on him for that one.

[Wandererfromthenorth]

Anybody remember that Max Scheisse guy back when coinmarkets was like the Bryce fanboy lounge? He would come in there and shit all over Bryce and his projects and get kicked, he was hilarious, does anybody know who that really was?

Personally I didn't lose anything on Weiner coins, I just mined them, a couple were pretty profitable like that blake coin he made where you could mine and dump 3 coins for btc and the 4th coin his coin you could trade for NAUT. I really can't hate on him for that one.

The majority of shitcoins around are scams, so if you profit from them nobody is gonna have a problem with you, you just put a bid and an ask in a market and somebody accepted your offer.

But as a developer, if you create coins made only to be mined and dumped on noobs (the purpose of Weiner shitcoins and the reason he creates coins) and deceive people with STRAIGHT LIES, I will call you a Pump&Dump scammer and for good reasons.



PS: Max Scheisse is still on Twitter https://twitter.com/MaxScheisse

[Wandererfromthenorth]

Just a reminder to stay away from Weiner coins:

[Don Flamenco]

Remember when RZR was trading at > .002?

[Wandererfromthenorth]

Notice how RazorTech on his twitter account hasn't said shit since Weiner got fired from BlockTech and and the whole "we need to implement Proof of Stake" shit

https://twitter.com/TheRazorCoin/with_replies



"Scammer who run away" much?

That "developer" didn't do anything since launch. Copied the code and idea of a scamcoin, put a scammy mining schedule for big profit. Looked for the help of other fools or Pump and Dumpers like Weiner to hype, promised some features that were never released, and now basically run away.


Looks like a scheme that comes out of a "How to be a scammer" manual.

[Wandererfromthenorth]

Remember when RZR was trading at > .002?

Yep, this community is easy to fool

[sirsmokesalot]

Is this not what one gets for blindly following individuals?

In a zero-sum game there is going to be a loser for every winner. My biggest question now is how long can this sustain itself? When will everyone finally just be like "yup, fuck crypto, nothing much but scams"?

Later than sooner i hope. 

[smalltimer]

does anyone have some more decent info what the issue was at blocktech and why exactly Bryce left there?

I think Razor fell victim to Bryce and Blocktech parting ways. Would love to know what happened there.

[choeymethod]

does anyone have some more decent info what the issue was at blocktech and why exactly Bryce left there?

I think Razor fell victim to Bryce and Blocktech parting ways. Would love to know what happened there.

Same, especially after he posts some idealistic shit on Twitter like he is a saint.

[smalltimer]

does anyone have some more decent info what the issue was at blocktech and why exactly Bryce left there?

I think Razor fell victim to Bryce and Blocktech parting ways. Would love to know what happened there.

Same, especially after he posts some idealistic shit on Twitter like he is a saint.

i think all that is undisclosed because it's very likely so childish everyone involved would look like a fool. Just what i currently think.

Probably 2 or 3 adult children. Each of them just want to have their way and end up destroing investors funds over their own characters and inability to communicate in a non-violent way. The usual crap ...

I sure do hope Razor can be salvaged but i am not sure if the community is strong enough to carry it. Threads like this one surely don't help the RZR-bagholders a single inch. It's quite obvious this is aimed at destroing the reputation of Bryce on the expense of everyone else. In this particular case (rzr) positive and constructive people have to take the lead otherwise the last bit of hope will be fully damaged by the enemies of the Bryce-character.

[Honeypot]

does anyone have some more decent info what the issue was at blocktech and why exactly Bryce left there?

I think Razor fell victim to Bryce and Blocktech parting ways. Would love to know what happened there.

Same, especially after he posts some idealistic shit on Twitter like he is a saint.

i think all that is undisclosed because it's very likely so childish everyone involved would look like a fool. Just what i currently think.

Probably 2 or 3 adult children. Each of them just want to have their way and end up destroing investors funds over their own characters and inability to communicate in a non-violent way. The usual crap ...

I sure do hope Razor can be salvaged but i am not sure if the community is strong enough to carry it. Threads like this one surely don't help the RZR-bagholders a single inch. It's quite obvious this is aimed at destroing the reputation of Bryce on the expense of everyone else. In this particular case (rzr) positive and constructive people have to take the lead otherwise the last bit of hope will be fully damaged by the enemies of the Bryce-character.

Leaning toward that conclusion regarding blocktech myself.

[shimlbit]

sorry for all that lost money but rzr was the best coin for me since i am in crypto..i just made 6 btc of an invest of 0.05 btc..i sold at 200k

the onkly thing is i didnt sold everything..i wanted to hold some...
sold around 3000 and had 2k in wallet...but i sold this coin month later  @50k

but i made some money..

[BlueDragon747]

Personally I didn't lose anything on Weiner coins, I just mined them, a couple were pretty profitable like that blake coin he made where you could mine and dump 3 coins for btc and the 4th coin his coin you could trade for NAUT. I really can't hate on him for that one.

He only broke code Bryce did not make any coins imho especially a Blake based coin he does not even seem to be able to compile coin wallets atm

most if not all the working code and compiled wallets for his coins seem to be done by other devs wonder why  

you can see from the github commits I was the fool who fixed and got Dirac working and also ran all the nodes and merged mined it on my pools but I am working on other projects namely the mmo games and Bryce did not like that as I would not do anymore work on coins and would not setup a merged pool on demand which resulted in him getting very abusive to me via DM and email which you can see some of that here: https://bitcointalk.org/index.php?topic=616288.msg9527356#msg9527356

I never asked for any type of payment for any thing I have done with Blake based coin projects and I also really dislike the premine and ipo/ico crap that is also far too common if anyone wants to send coins to a dev because they have actually done some work great but these other schemes should be avoided as there is not any proof a dev will produce results after they have x% of a coin they claim to be the dev of or a big bag of BTC

atm I am stuck with running the nodes for XDQ and maintaining it on the merged pools and it sucks but from the 30/11/2014 Dirac XDQ will no longer be mined on the Blakecoin.com merged pools, few more coins in the merge since Dirac anyways and room for more main issue is finding other good devs that want to make Blake based coins far too many multi account scammers about who just want to do P&D scams and not do any development or find uses for the coins they are involved in  

I will continue as before doing what developers should do which is developing systems and maintaining projects over time not marketing, hype, spin, false promises of "Profit"

Talk is cheap results are what counts  


Note: Market price does not equal results or development as they are far to easy to manipulate and is often the way these scam coins are hyped
http://en.wikipedia.org/wiki/Greater_fool_theory

Edit:
Another thing I know for sure is that Bryce uses multiple accounts both here and on twitter (both haters and lovers which is kind of weird)

it would not surprise me if he setup an account just so he could say it was not him after paying someone to make the coin for him

I'll go and do it myself.  If I can't do it I'll pay someone to do it.