[ANN] [XBS] Bitstake | For everyday digital currency tasks ---- SCAM!!!! BEWARE

[mikelitoris]

so you bought high and now want to blame the dev and for him to reveal himself?
i don't blame him at all for locking the thread & i will buy back in when all the day traders dump it down to 5k,
I don't think it's a scam 

[tokeweed]

so you bought high and now want to blame the dev and for him to reveal himself?
i don't blame him at all for locking the thread & i will buy back in when all the day traders dump it down to 5k,
I don't think it's a scam  

Another lesson.

  *  Be aware of posts like the one quoted above.  When one says he'll buy, it usually is a lie.  A person doesn't simply
      expose himself in a public forum.  There is always an ulterior, personal agenda behind it.  This usually is a sign
      that it is a sockpuppet account.  And when a sockpuppet says that so and so coin is not a scam.  Beware.

[Snail2]

so you bought high and now want to blame the dev and for him to reveal himself?
i don't blame him at all for locking the thread & i will buy back in when all the day traders dump it down to 5k,
I don't think it's a scam  

Another lesson.

  *  Be aware of posts like the one quoted above.  When one says he'll buy, it usually is a lie.  A person doesn't simply
      expose himself in a public forum.  There is always an ulterior, personal agenda behind it.  This usually is a sign
      that it is a sockpuppet account.  And when a sockpuppet says that so and so coin is not a scam.  Beware.

Actually what he said that make sense. If it's quickly get dumped down to 5K, some correction should occur and sooner or later someone almost surely will try to pump it, so with little luck he can make a nice profit.

[tokeweed]

so you bought high and now want to blame the dev and for him to reveal himself?
i don't blame him at all for locking the thread & i will buy back in when all the day traders dump it down to 5k,
I don't think it's a scam  

Another lesson.

  *  Be aware of posts like the one quoted above.  When one says he'll buy, it usually is a lie.  A person doesn't simply
      expose himself in a public forum.  There is always an ulterior, personal agenda behind it.  This usually is a sign
      that it is a sockpuppet account.  And when a sockpuppet says that so and so coin is not a scam.  Beware.

Actually what he said that make sense. If it's quickly get dumped down to 5K, some correction should occur and sooner or later someone almost surely will try to pump it, so with little luck he can make a nice profit.

Or it could go down some more below 5K and stay there.  Again be careful.

[Snail2]

so you bought high and now want to blame the dev and for him to reveal himself?
i don't blame him at all for locking the thread & i will buy back in when all the day traders dump it down to 5k,
I don't think it's a scam  

Another lesson.

  *  Be aware of posts like the one quoted above.  When one says he'll buy, it usually is a lie.  A person doesn't simply
      expose himself in a public forum.  There is always an ulterior, personal agenda behind it.  This usually is a sign
      that it is a sockpuppet account.  And when a sockpuppet says that so and so coin is not a scam.  Beware.

Actually what he said that make sense. If it's quickly get dumped down to 5K, some correction should occur and sooner or later someone almost surely will try to pump it, so with little luck he can make a nice profit.

Or it could go down some more below 5K and stay there.  Again be careful.

Of course, it can go further down, even to something next to zero. We've seen several examples for that, so being careful is a good idea indeed.

[tokeweed]

Another lesson.

  * Beware of threads like these https://bitcointalk.org/index.php?topic=927020.0
     Those are mostly shill bag holders.

[DrQuackfromHashtag]

I don't think it's a scam 

God this place is full of Charlie Browns trying to kick the football from Lucy's hands and she pulls it away they fall for it everytime.

I conclusively proved the link between Ray Danetti and several other scam coins but no, this time "it's different dude!" lol

[tokeweed]

If you really think they are scams/scammers please read this thread https://bitcointalk.org/index.php?topic=1044229.0

[rakesh1_90]

I just posted this message on Scam coin XBS thread and it got deleted:-

"Why does the Developer delete posts according to his convenience. Now, this project has a lot of and i mean a lot of RED SIGNALS to not invest into considering that the developer is from the same group of con developers who duped their community for some cheap money. [REFF: - https://bitcointalk.org/index.php?topic=921160.0]

Still, Lets consider that this scammy developer wants to do a good deed by launching a genuine coin afterall. In this case he should be open to criticism, development discussions and identity revelation of his backers [ considering his past DEED'S ]

Deleting posts just adds to the fact that he is incapable to answer questions regarding his project.

Mentioning that he doesnt care for the price and all those talks is utterly baseless because he opened a ANN thread on btctalk and begged investors to invest there money into his project promising a good future. This means he is completely answerable to any person holding even a single XBS Con, oh i mean coin.

If the developer says he doesnt care for the price and for the returns promised to his investors then he should clearly close this thread on btctalk and talk crap somewhere in his own private forum.

So community stop crying FUD. I do understand how you might be feeling as a community while Renegade man or anyone questions the viability of the project. But, trust me its necessary considering the volatility and nature of crypto currencies these days. And if you as investor fell for the XBS trap then it doesnt mean you should pull others too into the mess portraying a bright future ahead."



Now even the thread is locked by the developer. Atlast a positive thing for the community.

Edit:- The thread is unlocked again. ...hmmm locked for now  

[RenegadeMan]

Was just about to post this response to yet another Bitstake thread person trying to uphold this scam when the thread was locked

I think you're all complete and utter fools

So the dev has not only moved to "new hardware", which in the world of cloud computing and 'always-on' websites that are mandatory in anything finservices related, is a complete misnomer, he's also changed the domain!

ARE YOU KIDDING DEV!!  WTF!!

So I just checked, there's been no email to the registered email address I've used on Bitstake.info to advise the move to a new domain!!

This is what users see when they try to go and use the Bitstake 'platform'!!



So the supposed "thousands" of users that have signed up (according to DrMike) are going to be heading to bitstake.info and this is what they'll be presented with!!

I SIMPLY CANNOT BELIEVE THE GULLIBILITY AND STUPIDITY OF THE PEOPLE IN THIS THREAD

CAN YOU NOT SEE HOW COMPLETELY AND UTTERLY UNACCEPTABLE THIS IS!!

If this was a real project there's just NO WAY the main platform's site would be moved onto a new domain, no way!

And if it did have to be moved onto a new domain (which for any business is like a lobotomy) AT THE VERY MINIMUM there'd be lots of pre-warning, emails AND a redirect at the old domain for 30 days or so.

The reason the dev hasn't done this is because this 'platform' is for you guys and you guys only.

That's all. There ARE NO customers, There is NO REAL PLAN, it's all about keeping you engaged to get the price up.

What a scam! Shame on you Carlo or whoever you are!

You waste your breath on a "scam" over and over again? Why? You expect people to believe you are some altruistic individual trying to warn others? If this is a scam then gtfo and stop wasting your time. You saying websites don't move to new domains is really grasping at straws and doesn't make any sense, btw.

Check it out, dumbass: https://bitstake.co/

Man-oh-man you're a fool

You want to talk "dumbass". Let's just review what's at bitstake.co (previously bistake.info) shall we?

The "Lending" platform



Just a facade. Nothing's been updated on here for well over a month.




The "Trading" platform



It appears for 3 seconds then disappears. It's not real.




The "Multi-Stake" platform



Bitstake and blackcoin (hardly "multi" is it?)





The Ripple Gateway



Obviously has been added to try and demonstrate some credibility and make out it's a "banking" website. Almost laughable.





And the Send Coins page.



Looks like it's still 1% to withdraw your coins; absurd and ridiculous.




And this is the clincher. The SMS page



Anyone care to guess which major continent has been left off the gateway drop down box? I'll give you a hint. It's the continent this project is all about, yet this SMS gateway has been set-up in Canada. Can anyone see how the costs of SMSing to Nigeria through an International service based in Canada might be a slight issue? Why wouldn't a Nigerian gateway be set-up so SMSes are being delivered locally?




And it just goes on and on.

This 'platform' is nothing but a façade to keep you all excited and on the hook.

To each and everyone of you criticising me for pointing out just how lame and pathetic this is, you're all just perpetuating the scam so other unsuspecting people looking to invest in crypto will be caught in the web of this BS. Shame on all of you involved in such deception.

The dev changing the domain unannounced; that's just the last straw. What a complete and utter piece of BS that's designed for no othe reason than to try and get a Crave-like pump going so the dev and other large holders can make a massive windfall. That's all this is and it's crap like this (and people on here pedalling crap like this) that's so damaging to crypto.

[rakesh1_90]

They cant setup a Nigerian Gateway because the gateway used here is same as the gateway used in VIOR coins. And the developer of Vior too was a nigerian.

This scam is becoming so obvious. Lol!!! I hate shattering others dream but this one is just such a pity. More than anyone else its the Bitstake developer who is feeling the burnt of this reality check, Now he wont be able to buy his dream bike i suppose.

[DrQuackfromHashtag]

Carlo can't run from his past but we remember!

https://usercontent.irccloud-cdn.com/file/kFI3VGj8/1922043_824140584303488_596308645_n.jpg

Remember Xcloud scam, never forgive, never forget

[RenegadeMan]

Head over to Bitstake forum http://bitdesk.net/ to discuss our project development.

wow nice news
Thank's for your update dev

Yesterday i sell my XBS now i will rebuy again

What because the dev has just launched a forum that (as at 03:19utc) DOES ABSOLUTELY NOTHING! You can't register on it, none of the links at the top do anything and there's no content?

So you've bought back in because of this. You're an idiot!

It's just more of the same lame façade nothingness that has characterised this project from the beginning. Complete and utter BS!!

[rakesh1_90]

This is what goes inside the mind of the XBS developer:- https://www.youtube.com/watch?v=cIasr2AiyZ0

[TrueAnon]

This coin...no wait, company/brand is doing just fine thanks...and will continue to do so my friend.  Regardless of your lame FUD or not....you need to think bigger.

[thebenjamincode]

thank you for informing us about XBS
i was planning to invest on that coin because it gives interest

[RenegadeMan]

This coin...no wait, company/brand is doing just fine thanks...and will continue to do so my friend.  Regardless of your lame FUD or not....you need to think bigger.

TrueAnon you're as blind and clueless as to what's being done to you as the next Bitstake fan that can't think clearly through the obvious scam issues occurring with this project. Before just shutting off from the view I'm expressing here and declaring me "a fudder who just wants cheap coins" think about these issues:

1. There is NO valid point to XBS. Bitstake is supposedly a Nigerian remittance business that will allow people to remit funds to family and friends in Nigeria via Bitcoin. Supposedly they've created a business that will earn revenue from the 1% remittance fees involved in each transaction. But WHERE OH WHERE does XBS (the coin) fit into this model? Simply put, it doesn't. There is no dependence on XBS to be the conduit for these remittance transactions because the whole thing works via BTC. What then would create demand for XBS? Nothing.

2. The dev talks on and on about the "Bitstake business" and how much more important it is than the price of XBS yet there are no details of this 'business', no information about where it is, what its structure is (i.e. directors? VC funding? Nigerian business registration?), the number of employees, its current and forecast revenue. Nothing. Zip.

3. One of the key and fundamental features of the Bitstake 'platform' is the SMS wallet supposedly allowing Nigerians to send and receive money without an Internet connection using SMS on their mobile phones only. Yet the SMS gateway is in Canada! This means a Nigerian based in Nigeria wanting to use this feature has to send an international SMS! Now stop and think for a moment. How many Nigerians are likely to send international SMSes regularly? And what would the likely cost of sending an SMS to Canada be by comparison to one locally within Nigeria? If you were that Nigerian about to start using Bitstake because it's a Nigerian business supporting Nigerian people and you were told you had to send SMSes to Canada to use the SMS wallet what would you think? Is this even remotely real?

4. When the dev moved the Bitstake 'platform' "onto new hardware" a week or so ago he also moved it onto a new domain. Bitstake.info was then left with nothing on it (no message or auto-redirect) meaning all those "thousands of customers" we've been led to believe are already signed up to the platform would've gone to bitstake.info only to reach a "This web page not available - connection timed out" screen. Four days later, after me highlighting how completely and utterly ridiculous, unprofessional and so obviously scam-ridden such a thing was, bitstake.info was suddenly directed  to the new bitstake.co domain so the site reappeared and it was made out like it was always working (but it wasn't because I'd checked numerous times across those four days....that's four days of "customers" thinking Bitstake.info was gone....hardly even remotely real is it?)

5. And the latest complete and utter BS the dev is lauding over you all:

Bitstake exchange not working - Not true
Only a Nigerian IP can access the exchange, foreign users are blocked out due to their state laws. If you sell bitcoin to Naira, how are you planing to cash out to naira. Considering the latest Fincen stands on USA companies, I am sure most of you will consider that as a good move.

....how very convenient. We can't see the Bitstake Exchange where Nigerians are now supposedly buying and selling Bitcoin! Hilarious! So not even a screen shot! No...nothing....it's not for our eyes! (because, frankly, with no reference to it via Google and no indication what domain it's sitting on or how it interfaces with bitstake.co, IT CLEARLY DOESN'T EXIST!)


Your words...

company/brand is doing just fine thanks.

...have not been at all considered and thought through before you've uttered them. How do you know this is a "company". How do you know its "doing just fine"? You don't. You most likely have no information and surety of this. You're going off the dev's occasional postings that take this continual tone of "high moral ground" against the "fudders" but he offers nothing of substance to back up his claims.

Honestly TrueAnon, you're just being worked and worked and worked over. There is no Bitstake 'business'. It's all just a never ending attempt to get the price back up a little more so the dev can exit from his XBS stash with far more BTC than would be afforded by pricing in the 17,500 sats region that XBS has crashed to because of all the red flags. By stringing you all along for a bit more, he's expecting he might get back to the +100,000 days again for the big exit.

If this was even remotely a real project, all he'd have to do to increase the legitimacy tenfold is show us the 'business' (where it is, how it's functioning, what it's doing, how XBS is an integral part of the model) and BE REAL. But, unfortunately, I'm not expecting that any time soon as the whole thing just looks like one ridiculously 'scammy' set up designed to have people keep buying XBS and pushing the price up. There just doesn't appear to be anything more behind it than that.

I'm sorry that so many have been hoodwinked so badly. Until the dev can rectify all of these so-obvious issues and make the thing far more transparent and open, it's just a disaster and will continue to cost people dearly.

[itsAj]

This coin...no wait, company/brand is doing just fine thanks...and will continue to do so my friend.  Regardless of your lame FUD or not....you need to think bigger.

TrueAnon you're as blind and clueless as to what's being done to you as the next Bitstake fan that can't think clearly through the obvious scam issues occurring with this project. Before just shutting off from the view I'm expressing here and declaring me "a fudder who just wants cheap coins" think about these issues:

1. There is NO valid point to XBS. Bitstake is supposedly a Nigerian remittance business that will allow people to remit funds to family and friends in Nigeria via Bitcoin. Supposedly they've created a business that will earn revenue from the 1% remittance fees involved in each transaction. But WHERE OH WHERE does XBS (the coin) fit into this model? Simply put, it doesn't. There is no dependence on XBS to be the conduit for these remittance transactions because the whole thing works via BTC. What then would create demand for XBS? Nothing.

2. The dev talks on and on about the "Bitstake business" and how much more important it is than the price of XBS yet there are no details of this 'business', no information about where it is, what its structure is (i.e. directors? VC funding? Nigerian business registration?), the number of employees, its current and forecast revenue. Nothing. Zip.

3. One of the key and fundamental features of the Bitstake 'platform' is the SMS wallet supposedly allowing Nigerians to send and receive money without an Internet connection using SMS on their mobile phones only. Yet the SMS gateway is in Canada! This means a Nigerian based in Nigeria wanting to use this feature has to send an international SMS! Now stop and think for a moment. How many Nigerians are likely to send international SMSes regularly? And what would the likely cost of sending an SMS to Canada be by comparison to one locally within Nigeria? If you were that Nigerian about to start using Bitstake because it's a Nigerian business supporting Nigerian people and you were told you had to send SMSes to Canada to use the SMS wallet what would you think? Is this even remotely real?

4. When the dev moved the Bitstake 'platform' "onto new hardware" a week or so ago he also moved it onto a new domain. Bitstake.info was then left with nothing on it (no message or auto-redirect) meaning all those "thousands of customers" we've been led to believe are already signed up to the platform would've gone to bitstake.info only to reach a "This web page not available - connection timed out" screen. Four days later, after me highlighting how completely and utterly ridiculous, unprofessional and so obviously scam-ridden such a thing was, bitstake.info was suddenly directed  to the new bitstake.co domain so the site reappeared and it was made out like it was always working (but it wasn't because I'd checked numerous times across those four days....that's four days of "customers" thinking Bitstake.info was gone....hardly even remotely real is it?)

5. And the latest complete and utter BS the dev is lauding over you all:

Bitstake exchange not working - Not true
Only a Nigerian IP can access the exchange, foreign users are blocked out due to their state laws. If you sell bitcoin to Naira, how are you planing to cash out to naira. Considering the latest Fincen stands on USA companies, I am sure most of you will consider that as a good move.

....how very convenient. We can't see the Bitstake Exchange where Nigerians are now supposedly buying and selling Bitcoin! Hilarious! So not even a screen shot! No...nothing....it's not for our eyes! (because, frankly, with no reference to it via Google and no indication what domain it's sitting on or how it interfaces with bitstake.co, IT CLEARLY DOESN'T EXIST!)


Your words...

company/brand is doing just fine thanks.

...have not been at all considered and thought through before you've uttered them. How do you know this is a "company". How do you know its "doing just fine"? You don't. You most likely have no information and surety of this. You're going off the dev's occasional postings that take this continual tone of "high moral ground" against the "fudders" but he offers nothing of substance to back up his claims.

Honestly TrueAnon, you're just being worked and worked and worked over. There is no Bitstake 'business'. It's all just a never ending attempt to get the price back up a little more so the dev can exit from his XBS stash with far more BTC than would be afforded by pricing in the 17,500 sats region that XBS has crashed to because of all the red flags. By stringing you all along for a bit more, he's expecting he might get back to the +100,000 days again for the big exit.

If this was even remotely a real project, all he'd have to do to increase the legitimacy tenfold is show us the 'business' (where it is, how it's functioning, what it's doing, how XBS is an integral part of the model) and BE REAL. But, unfortunately, I'm not expecting that any time soon as the whole thing just looks like one ridiculously 'scammy' set up designed to have people keep buying XBS and pushing the price up. There just doesn't appear to be anything more behind it than that.

I'm sorry that so many have been hoodwinked so badly. Until the dev can rectify all of these so-obvious issues and make the thing far more transparent and open, it's just a disaster and will continue to cost people dearly.

Everyday you talk badly about XBS every single day, you have no proof to back anything up it is pure speculation on your part. Personally I think you are afraid of the coins success because it's getting big media attention unlike any other coin

Can I ask do you own any XBS?

[TrueAnon]

This coin...no wait, company/brand is doing just fine thanks...and will continue to do so my friend.  Regardless of your lame FUD or not....you need to think bigger.

TrueAnon you're as blind and clueless as to what's being done to you as the next Bitstake fan that can't think clearly through the obvious scam issues occurring with this project. Before just shutting off from the view I'm expressing here and declaring me "a fudder who just wants cheap coins" think about these issues:

1. There is NO valid point to XBS. Bitstake is supposedly a Nigerian remittance business that will allow people to remit funds to family and friends in Nigeria via Bitcoin. Supposedly they've created a business that will earn revenue from the 1% remittance fees involved in each transaction. But WHERE OH WHERE does XBS (the coin) fit into this model? Simply put, it doesn't. There is no dependence on XBS to be the conduit for these remittance transactions because the whole thing works via BTC. What then would create demand for XBS? Nothing.

2. The dev talks on and on about the "Bitstake business" and how much more important it is than the price of XBS yet there are no details of this 'business', no information about where it is, what its structure is (i.e. directors? VC funding? Nigerian business registration?), the number of employees, its current and forecast revenue. Nothing. Zip.

3. One of the key and fundamental features of the Bitstake 'platform' is the SMS wallet supposedly allowing Nigerians to send and receive money without an Internet connection using SMS on their mobile phones only. Yet the SMS gateway is in Canada! This means a Nigerian based in Nigeria wanting to use this feature has to send an international SMS! Now stop and think for a moment. How many Nigerians are likely to send international SMSes regularly? And what would the likely cost of sending an SMS to Canada be by comparison to one locally within Nigeria? If you were that Nigerian about to start using Bitstake because it's a Nigerian business supporting Nigerian people and you were told you had to send SMSes to Canada to use the SMS wallet what would you think? Is this even remotely real?

4. When the dev moved the Bitstake 'platform' "onto new hardware" a week or so ago he also moved it onto a new domain. Bitstake.info was then left with nothing on it (no message or auto-redirect) meaning all those "thousands of customers" we've been led to believe are already signed up to the platform would've gone to bitstake.info only to reach a "This web page not available - connection timed out" screen. Four days later, after me highlighting how completely and utterly ridiculous, unprofessional and so obviously scam-ridden such a thing was, bitstake.info was suddenly directed  to the new bitstake.co domain so the site reappeared and it was made out like it was always working (but it wasn't because I'd checked numerous times across those four days....that's four days of "customers" thinking Bitstake.info was gone....hardly even remotely real is it?)

5. And the latest complete and utter BS the dev is lauding over you all:

Bitstake exchange not working - Not true
Only a Nigerian IP can access the exchange, foreign users are blocked out due to their state laws. If you sell bitcoin to Naira, how are you planing to cash out to naira. Considering the latest Fincen stands on USA companies, I am sure most of you will consider that as a good move.

....how very convenient. We can't see the Bitstake Exchange where Nigerians are now supposedly buying and selling Bitcoin! Hilarious! So not even a screen shot! No...nothing....it's not for our eyes! (because, frankly, with no reference to it via Google and no indication what domain it's sitting on or how it interfaces with bitstake.co, IT CLEARLY DOESN'T EXIST!)


Your words...

company/brand is doing just fine thanks.

...have not been at all considered and thought through before you've uttered them. How do you know this is a "company". How do you know its "doing just fine"? You don't. You most likely have no information and surety of this. You're going off the dev's occasional postings that take this continual tone of "high moral ground" against the "fudders" but he offers nothing of substance to back up his claims.

Honestly TrueAnon, you're just being worked and worked and worked over. There is no Bitstake 'business'. It's all just a never ending attempt to get the price back up a little more so the dev can exit from his XBS stash with far more BTC than would be afforded by pricing in the 17,500 sats region that XBS has crashed to because of all the red flags. By stringing you all along for a bit more, he's expecting he might get back to the +100,000 days again for the big exit.

If this was even remotely a real project, all he'd have to do to increase the legitimacy tenfold is show us the 'business' (where it is, how it's functioning, what it's doing, how XBS is an integral part of the model) and BE REAL. But, unfortunately, I'm not expecting that any time soon as the whole thing just looks like one ridiculously 'scammy' set up designed to have people keep buying XBS and pushing the price up. There just doesn't appear to be anything more behind it than that.

I'm sorry that so many have been hoodwinked so badly. Until the dev can rectify all of these so-obvious issues and make the thing far more transparent and open, it's just a disaster and will continue to cost people dearly.

I had a decently long, somewhat drawn out reply half written for you...but honestly, what's the point??  It's obvious you've made up your mind and anything I say will just be shot down by yourself.  

I can't answer all those technical aspect of your comments so that's out.  As for xbs itself, well everything in crypto is a risk and it's DYOR.  I (and others) have taken the time to do so with xbs and found it legit/solid enough to make it a worthwhile investment.  With some more time I'm sure you'll see some decent results if you care to keep an eye on it, instead of trying to "save" everyone.

I won't bother stating the stuff like "you're doing fud to bring the price lower" since it's stupid.  Sure it's going to have ups/downs but what coin doesn't in the alt scene.  Every single coin is manipulated...xbs is probably no different.  This dev/team work differently from others and you have to realize that (maybe it's a culture/English thing, I don't know).  Even their marketing/etc you can tell is made for the masses which is probably not North American based.  I really don't know why you have such an issue with it...the thing is still under development!  Even your final comment you HINT at the fact it still may not be a scam...so then???  If it was a scam...well they sure have invested a lot of btc/time/effort into their marketing and other areas....they're not exactly gonna dump the price/everything for a measly amount of BTC!

Anyway, if you're looking for answers I'm afraid I'm not your guy (for now at least).

[RenegadeMan]

This coin...no wait, company/brand is doing just fine thanks...and will continue to do so my friend.  Regardless of your lame FUD or not....you need to think bigger.

TrueAnon you're as blind and clueless as to what's being done to you as the next Bitstake fan that can't think clearly through the obvious scam issues occurring with this project. Before just shutting off from the view I'm expressing here and declaring me "a fudder who just wants cheap coins" think about these issues:

1. There is NO valid point to XBS. Bitstake is supposedly a Nigerian remittance business that will allow people to remit funds to family and friends in Nigeria via Bitcoin. Supposedly they've created a business that will earn revenue from the 1% remittance fees involved in each transaction. But WHERE OH WHERE does XBS (the coin) fit into this model? Simply put, it doesn't. There is no dependence on XBS to be the conduit for these remittance transactions because the whole thing works via BTC. What then would create demand for XBS? Nothing.

2. The dev talks on and on about the "Bitstake business" and how much more important it is than the price of XBS yet there are no details of this 'business', no information about where it is, what its structure is (i.e. directors? VC funding? Nigerian business registration?), the number of employees, its current and forecast revenue. Nothing. Zip.

3. One of the key and fundamental features of the Bitstake 'platform' is the SMS wallet supposedly allowing Nigerians to send and receive money without an Internet connection using SMS on their mobile phones only. Yet the SMS gateway is in Canada! This means a Nigerian based in Nigeria wanting to use this feature has to send an international SMS! Now stop and think for a moment. How many Nigerians are likely to send international SMSes regularly? And what would the likely cost of sending an SMS to Canada be by comparison to one locally within Nigeria? If you were that Nigerian about to start using Bitstake because it's a Nigerian business supporting Nigerian people and you were told you had to send SMSes to Canada to use the SMS wallet what would you think? Is this even remotely real?

4. When the dev moved the Bitstake 'platform' "onto new hardware" a week or so ago he also moved it onto a new domain. Bitstake.info was then left with nothing on it (no message or auto-redirect) meaning all those "thousands of customers" we've been led to believe are already signed up to the platform would've gone to bitstake.info only to reach a "This web page not available - connection timed out" screen. Four days later, after me highlighting how completely and utterly ridiculous, unprofessional and so obviously scam-ridden such a thing was, bitstake.info was suddenly directed  to the new bitstake.co domain so the site reappeared and it was made out like it was always working (but it wasn't because I'd checked numerous times across those four days....that's four days of "customers" thinking Bitstake.info was gone....hardly even remotely real is it?)

5. And the latest complete and utter BS the dev is lauding over you all:

Bitstake exchange not working - Not true
Only a Nigerian IP can access the exchange, foreign users are blocked out due to their state laws. If you sell bitcoin to Naira, how are you planing to cash out to naira. Considering the latest Fincen stands on USA companies, I am sure most of you will consider that as a good move.

....how very convenient. We can't see the Bitstake Exchange where Nigerians are now supposedly buying and selling Bitcoin! Hilarious! So not even a screen shot! No...nothing....it's not for our eyes! (because, frankly, with no reference to it via Google and no indication what domain it's sitting on or how it interfaces with bitstake.co, IT CLEARLY DOESN'T EXIST!)


Your words...

company/brand is doing just fine thanks.

...have not been at all considered and thought through before you've uttered them. How do you know this is a "company". How do you know its "doing just fine"? You don't. You most likely have no information and surety of this. You're going off the dev's occasional postings that take this continual tone of "high moral ground" against the "fudders" but he offers nothing of substance to back up his claims.

Honestly TrueAnon, you're just being worked and worked and worked over. There is no Bitstake 'business'. It's all just a never ending attempt to get the price back up a little more so the dev can exit from his XBS stash with far more BTC than would be afforded by pricing in the 17,500 sats region that XBS has crashed to because of all the red flags. By stringing you all along for a bit more, he's expecting he might get back to the +100,000 days again for the big exit.

If this was even remotely a real project, all he'd have to do to increase the legitimacy tenfold is show us the 'business' (where it is, how it's functioning, what it's doing, how XBS is an integral part of the model) and BE REAL. But, unfortunately, I'm not expecting that any time soon as the whole thing just looks like one ridiculously 'scammy' set up designed to have people keep buying XBS and pushing the price up. There just doesn't appear to be anything more behind it than that.

I'm sorry that so many have been hoodwinked so badly. Until the dev can rectify all of these so-obvious issues and make the thing far more transparent and open, it's just a disaster and will continue to cost people dearly.

Everyday you talk badly about XBS every single day, you have no proof to back anything up it is pure speculation on your part. Personally I think you are afraid of the coins success because it's getting big media attention unlike any other coin

Can I ask do you own any XBS?

Instead of constantly saying to people intelligently questioning the validity of this project that their motives are for some other reason (like they're "afraid of the coins success" as you've just suggested), why don't you actually address the fundamentally serious issues I've pointed out? I mean they're as critical and serious as you could possibly get! Instead of saying "I have no proof", respond to the points I've raised! Points 1 to 5 above are about as important to whether an investment like this is legitimate as any points could be. Without considering what I've written and just responding with the classic "you're just fudding" like you have , you're just blindly ignoring stuff that's likely to cost you, and many others, dearly.

No, I absolutely don't own any XBS and won't ever again. I did buy into it some weeks back briefly when it was way higher and, very fortunately for me, got out of it again before it crashed without any loss or gain. I bet there are hundreds of people that weren't as fortunate though and that's the travesty of this crap and part of why alts are now so decimated.