Topic: After IDAX, now Dash? (Read 485 times)
This is why it's important to trade on regulated exchanges like ecxx and coinbase.
Thank you all for participating in the spreading of fake news.
quotation from OP
https://www.dash.org/forum/threads/moocowmoos-mn-shares-not-returning-funds.49017/#post-218323
You can't have both an Dash exit scam / someone disappearing with Dash funds and Dash users reporting that they got their funds back.
It also shows that very few people actually read the comments of this thread. Of course there are also people who are just responding to the IDAX incident and that is fine.
But those of you that responded or plan to respond to the Dash insinuation need to understand that insinuation has proven to be false / incorrect !
Users by now already received their funds back, there was no exit scam and no senior adviser of Dash Core Group ran off with any funds.
Above quotation from OP (page 1, post 1) is the fake news part of this thread. Just a bunch of personal assumptions of OP that proved to be incorrect.
Only correct and honest thing to do for OP at this point is to update his first post.
quotation from OP
Quote
A senior advisor for the Dash Core Group has apparently disappeared with the funds of several investors.
Concerned parties within the community are left trying to put together the pieces.
A prominent individual within the Dash Core Group has apparently gone missing in what is increasingly looking like an exit scam.
The now-gone senior advisor for Dash, known by his moniker ‘moocowmoo,’ was also the owner of a service specializing in ‘masternode shares.’
The individual has disappeared and apparently run away with the funds of several Dash investors.
Concerned parties within the community are left trying to put together the pieces.
A prominent individual within the Dash Core Group has apparently gone missing in what is increasingly looking like an exit scam.
The now-gone senior advisor for Dash, known by his moniker ‘moocowmoo,’ was also the owner of a service specializing in ‘masternode shares.’
The individual has disappeared and apparently run away with the funds of several Dash investors.
https://www.dash.org/forum/threads/moocowmoos-mn-shares-not-returning-funds.49017/#post-218323
You can't have both an Dash exit scam / someone disappearing with Dash funds and Dash users reporting that they got their funds back.
It also shows that very few people actually read the comments of this thread. Of course there are also people who are just responding to the IDAX incident and that is fine.
But those of you that responded or plan to respond to the Dash insinuation need to understand that insinuation has proven to be false / incorrect !
Users by now already received their funds back, there was no exit scam and no senior adviser of Dash Core Group ran off with any funds.
Above quotation from OP (page 1, post 1) is the fake news part of this thread. Just a bunch of personal assumptions of OP that proved to be incorrect.
Only correct and honest thing to do for OP at this point is to update his first post.
Its really simple to avoid this mess, stay away from centralized projects, things like this can easily happen to any centralized projects, teams or ceo running away with users funds or whatsoever
This is another painful news, where do we go from here? Idax and now Dash thus giving users the idea not to trust even the core team in any project. However, all i see henceforth is a group of users who will now be smart and conscious of their funds, no trusting of anyone with their funds or whatever; if you can't hold your funds or run any activities within a project you let it go.
At this point the space is scarier than it has ever been different reputable projects going awol. Countinghouse fund has been shut down as well with investors funds gone no one knows the fate of the fund as all team members has disappeared over night.
Things like this will continue to happen because this is a quick way to get money easily and a lot. I do not know the issue of exit scam, hack, etc is really happening or just a trick. What is certain is not to put too much money on the exchange, especially if you do not have full control over it.
Could be, this issue is also used for a handful of people to reduce the price of bitcoin, especially before entering the halving period later.
Could be, this issue is also used for a handful of people to reduce the price of bitcoin, especially before entering the halving period later.
This is becoming like the norm l, people left in tears over lost of money, now I see reason why people are now feeling skeptical about leaving their funds in exchanges. Centralized exchange hmmm, a no no for me
It is becoming the norm because people do not learn, I do not understand why people for example leave their coins in centralized exchanges when they are not going to make any trade, they only have to pay a few dollars to get their coins out of that exchange and get their coins to their wallet and yet they do not do it and then they suffer the consequences, and now we're seeing something similar with good projects and some of their developers stealing coins from their investors and this is going to continue to people learn their lesson. 
Well, the money is not really "gone" because it is missing and quite at the same place but can't be reached to be more precise. So, it is not really "stolen" as long as the coins stay at the same place, if the coins move that means they were not really "gone" like the articles say. People can't go missing anymore, it is 2019 and almost 2020 and there is GPS and so forth.
However, if they really do (there are still kids and so forth, maybe some adults too) went missing, that doesn't mean anything bad for the coins itself, they are still staying there without moving to anywhere else. Hell it is even good for everyone who is not involved, because in the end bitcoin gets higher in value, other coins as well, they are becoming more scarce as well so they become more expensive.
However, if they really do (there are still kids and so forth, maybe some adults too) went missing, that doesn't mean anything bad for the coins itself, they are still staying there without moving to anywhere else. Hell it is even good for everyone who is not involved, because in the end bitcoin gets higher in value, other coins as well, they are becoming more scarce as well so they become more expensive.
I think I read about this earlier and then they released a news update that this is a hoax and customers coins were never stolen. We need to regulate media in crypto to avoid circulation of fake news
Truth be told there were some users that did not get their funds back and had difficulty getting through to moocowmoo for months now. This got resolved recently.
Link : https://bitcointalksearch.org/topic/m.53263741
But the way this topic has been presented to us indeed has fake news elements in it and/or personal assumptions from OP that were then misrepresented as facts.
That is why it is important these days to not blindly believe anything you read on the internet.
I think I read about this earlier and then they released a news update that this is a hoax and customers coins were never stolen. We need to regulate media in crypto to avoid circulation of fake news
No one knows how this coin will perform after this news.
Well, since the latest news is that Dash users got their funds back, i guess it can only be performing better.
At least i hope it will.
All these are common in crypto market this had happened few week before itself not now, even if senior advisor Dash Core has disappeared it will not effect Dash and investors because co-commity has the ability to safe investor funds so I hope all is going well in Dash.
No one knows how this coin will perform after this news. It's only a matter of time before any movements from the market will take place. Most the time there's bad implications if the team won't be able to comes up with a good plan to resolve or try to drive back the situations. Need to be more extra careful if you are still interested in investing with this coin. All these are common in crypto market this had happened few week before itself not now, even if senior advisor Dash Core has disappeared it will not effect Dash and investors because co-commity has the ability to safe investor funds so I hope all is going well in Dash.
* No Dash senior advisor disappeared with funds
* The issue with some Dash users not automatically getting their collateral back after moocowmoo shutdown his masternode service has been resolved very recently (yesterday)
Link : https://bitcointalksearch.org/topic/m.53263741
I understand people like to discuss juicy stories, and this certainly looks like a juicy story from the outside.
It has been debunked however and is now (as of today) very much the opposite of what happened with IDAX.
Personally i rather want to know what happened with Monero's official website that got hacked, and injected with coin-stealing malware
that hit at least one user with thousands of dollars ($7000?). Will this user's stolen coins get refunded by Monero's Core Team ?
(the Monero website safety and security is their responsibility after all).
Not a word on how that hack occurred in the first place (inside job ?). Sounds like a much more juicy story to me.
Maybe OP can change title now to "After IDAX, now Monero ?"
All these are common in crypto market this had happened few week before itself not now, even if senior advisor Dash Core has disappeared it will not effect Dash and investors because co-commity has the ability to safe investor funds so I hope all is going well in Dash.
A senior advisor for the Dash Core Group has apparently disappeared with the funds of several investors. Concerned parties within the community are left trying to put together the pieces.
A prominent individual within the Dash Core Group has apparently gone missing in what is increasingly looking like an exit scam. The now-gone senior advisor for Dash, known by his moniker ‘moocowmoo,’ was also the owner of a service specializing in ‘masternode shares.’ The individual has disappeared and apparently run away with the funds of several Dash investors.
Click here for the full news
Oh my, oh my, oh my! What is going on now in the cryptoverse?
Earlier, we have IDAX CEO who suddenly disappeared with the cold wallet. Right now, Dash's senior advisor follow suit by disappearing with the investors' hard-earned money?
I just do not know who's next. It means that even if you are a reputable kind of project, someone in your team would likely turn their back on the project and may do "evil stuff". Betrayal in short.
It means that any time of the day, week, month or year, one or a few in every crypto project may be the "dark horse/s" who would betray or "faking" their loyalty. Their public reputation and trust would be affected as well.
A prominent individual within the Dash Core Group has apparently gone missing in what is increasingly looking like an exit scam. The now-gone senior advisor for Dash, known by his moniker ‘moocowmoo,’ was also the owner of a service specializing in ‘masternode shares.’ The individual has disappeared and apparently run away with the funds of several Dash investors.
Click here for the full news
Oh my, oh my, oh my! What is going on now in the cryptoverse?
Earlier, we have IDAX CEO who suddenly disappeared with the cold wallet. Right now, Dash's senior advisor follow suit by disappearing with the investors' hard-earned money?
I just do not know who's next. It means that even if you are a reputable kind of project, someone in your team would likely turn their back on the project and may do "evil stuff". Betrayal in short.
It means that any time of the day, week, month or year, one or a few in every crypto project may be the "dark horse/s" who would betray or "faking" their loyalty. Their public reputation and trust would be affected as well.
What's going on is the same thing that has been going on since the beginning. Don't keep your coins in exchanges, don't trust them to other people. Be your own bank.
This doesn't seems to be the scam as idax. Now the users were getting back their funds. This has been confirmed by an user above. Idax is very new to the cryptocurrency network, it gained good reputation listing few new cryptocurrency that grew high in the market. Das isnt the same, with dash the incident that has taken place seems to be done by one of the prominent member. This will be solved by the rest of the members as they want dash to grow higher and higher.
Another bad news in the crypto industry, dash being a top cryptocurrency in the market was victimized by its own "anonymous" advisor sounds disturbing, I'm hoping that it will not bring any doubt and much damage in the crypto industry i don't like these kind of situation nowadays too many bad incidents that was giving negative publicity to the entire crypto industry.
It should be mentioned that you can get shared masternode/pooled masternode with neptune dash (last i checked) which is a public traded company with owners such as fidelity and blackrock. This is much safer. Also there is crowdnode which resolves some of the transparency issues and holds their nodes in multisig wallets.
Looks like those Dash users that not automatically got their funds back after Moocowmo's masternode service got shutdown, are now getting their funds back from moocowmoo :
https://www.dash.org/forum/threads/moocowmoos-mn-shares-not-returning-funds.49017/#post-218323
--
I know it has been overdue and frankly a rather frustrating experience for these Dash users who were trying to get their funds back, but it seems to be resolved now.
https://www.dash.org/forum/threads/moocowmoos-mn-shares-not-returning-funds.49017/#post-218323
--
I know it has been overdue and frankly a rather frustrating experience for these Dash users who were trying to get their funds back, but it seems to be resolved now.
Just be grateful that they got their money back after months of waiting. Other users should try again and might get their share also. I guess some of them didn't expect that they can get their money anymore. But with the noise it created, somehow moocowmo is doing the right thing now. And take the opportunity as long as it lasts.
This is somewhat the concern with people, having the power and control over almost everything, mostly concerning money, and then they probably have evil thoughts just to run away. Maybe they have gone with their urges and flew to another country in which they are not recognized and relax when everything has died down. It depends on people on why they are going to do that and reasons that are common are listed below:
This list is some from the top of my head. I'm not judging or criticizing anyone, but they decided to go away from all the noise. It's a good thing that I hadn't had any funds left in IDAX before the CEO went missing. I hope everyone could and have withdrawn their funds left there.
- Probably face criminal/jail time
- Mental problems
- Domestic abuse
This list is some from the top of my head. I'm not judging or criticizing anyone, but they decided to go away from all the noise. It's a good thing that I hadn't had any funds left in IDAX before the CEO went missing. I hope everyone could and have withdrawn their funds left there.
Crypto space is really unpredictable, no say the truth its not safe, as a crypto investors one need to consider the risks first and always have in at the back of your mind that anything can happen, do not leave your coins on exchanges
Looks like those Dash users that not automatically got their funds back after Moocowmo's masternode service got shutdown, are now getting their funds back from moocowmoo :
https://www.dash.org/forum/threads/moocowmoos-mn-shares-not-returning-funds.49017/#post-218323
I know it has been overdue and frankly a rather frustrating experience for these Dash users who were trying to get their funds back, but it seems to be resolved now.
https://www.dash.org/forum/threads/moocowmoos-mn-shares-not-returning-funds.49017/#post-218323
I know it has been overdue and frankly a rather frustrating experience for these Dash users who were trying to get their funds back, but it seems to be resolved now.
Like i have said before crypto space is bleeding for regulations, all this nonsense acts have to stop or else adoption will turn to rejection, investors needs to be safe from these monsters called CEOs, they have turn crypto into scam haven
I think a lot of these cases aren't just on DASH and IDAX, everything that is centered will end up like this, sometimes everyone can forget and be tempted by big money so they can just disappear, but it's strange to me why they didn't do it a few years ago, could they be kidnapped
Maybe they experience bankrupt thats why they do it now. And the masternode share is they think enough to live happily now without thinking about thier future problem. They just need to hide now to the public and go to a place that no one know him.
Having actually dug into this, these holders of masternode shares are still getting paid out weekly meaning no funds that we can see have been moved from their storage addresses. Users are just not getting their funds returned to them in a timely fashion. So most of this is FUD and clickbait. And from what i can dig up only a couple people are complaining about this, and only one has provided some of evidence of having shares.
Quote
Honestly, it is very painful to see already established projects suddenly exit scam, if this is happening with newly lunch project i can understand to some extent but in a situation where project with known track record to go bad is very wrong, this is a disappointment to crypto, now even project that have stayed for some time in the market can't be trusted, there is a big problem with trust in the cryptocurrency space, until this is address, i don't see how the much needed adoption will happen 
I my opinion, circumstances like this is normal in crypto space but if this phenomenon frequently happens it may lead to rejection of adoption. Majority of us don't noticed that wicked individual constantly progressive in terms of stealing funds. We all know the crypto space is full of thieves and after the few era they keep on upgrading in terms of stealing. If there's no idea come out that can save investors funds we expect that the adoption don't take place.
Upbit, IDAX, and now this DASH.
Expect the BTC dwindled price because of these subsequently circumstances. If this negative news keep on coming it will surely drive away most of investors that can cause bearish market.
It has advatages and disadvantage ;
Advantage to those whos waiting or currently buying BTC or other altcoins.
Disadvantage to those who trading and buy at the high price
I think they're so affected in the ATL market, that they didn't manage to resist it until they let go and flee. This kind of people are the one on major reason why our market is still in pain.
Expect the BTC dwindled price because of these subsequently circumstances. If this negative news keep on coming it will surely drive away most of investors that can cause bearish market.
It has advatages and disadvantage ;
Advantage to those whos waiting or currently buying BTC or other altcoins.
Disadvantage to those who trading and buy at the high price
I think they're so affected in the ATL market, that they didn't manage to resist it until they let go and flee. This kind of people are the one on major reason why our market is still in pain.
Honestly, it is very painful to see already established projects suddenly exit scam, if this is happening with newly lunch project i can understand to some extent but in a situation where project with known track record to go bad is very wrong, this is a disappointment to crypto, now even project that have stayed for some time in the market can't be trusted, there is a big problem with trust in the cryptocurrency space, until this is address, i don't see how the much needed adoption will happen
Upbit, IDAX, and now this DASH.
Expect the BTC dwindled price because of these subsequently circumstances. If this negative news keep on coming it will surely drive away most of investors that can cause bearish market.
It has advatages and disadvantage ;
Advantage to those whos waiting or currently buying BTC or other altcoins.
Disadvantage to those who trading and buy at the high price
I think they're so affected in the ATL market, that they didn't manage to resist it until they let go and flee. This kind of people are the one on major reason why our market is still in pain.
Expect the BTC dwindled price because of these subsequently circumstances. If this negative news keep on coming it will surely drive away most of investors that can cause bearish market.
It has advatages and disadvantage ;
Advantage to those whos waiting or currently buying BTC or other altcoins.
Disadvantage to those who trading and buy at the high price
I think they're so affected in the ATL market, that they didn't manage to resist it until they let go and flee. This kind of people are the one on major reason why our market is still in pain.
A senior advisor for the Dash Core Group has apparently disappeared with the funds of several investors. Concerned parties within the community are left trying to put together the pieces.
A prominent individual within the Dash Core Group has apparently gone missing in what is increasingly looking like an exit scam. The now-gone senior advisor for Dash, known by his moniker ‘moocowmoo,’ was also the owner of a service specializing in ‘masternode shares.’ The individual has disappeared and apparently run away with the funds of several Dash investors.
Click here for the full news
Oh my, oh my, oh my! What is going on now in the cryptoverse?
Earlier, we have IDAX CEO who suddenly disappeared with the cold wallet. Right now, Dash's senior advisor follow suit by disappearing with the investors' hard-earned money?
I just do not know who's next. It means that even if you are a reputable kind of project, someone in your team would likely turn their back on the project and may do "evil stuff". Betrayal in short.
It means that any time of the day, week, month or year, one or a few in every crypto project may be the "dark horse/s" who would betray or "faking" their loyalty. Their public reputation and trust would be affected as well.
oh my god. This is really not what we expect from the top coins. But anyway, Dash will tend to solve it and fortunately it's not Dash's CEO. but this shows the loose policy of controlling Dash's cash flow and this will cause distrust in their large community. Hopefully Dash will soon announce the resolution and return the money to the loyal investors in the shortest time. A prominent individual within the Dash Core Group has apparently gone missing in what is increasingly looking like an exit scam. The now-gone senior advisor for Dash, known by his moniker ‘moocowmoo,’ was also the owner of a service specializing in ‘masternode shares.’ The individual has disappeared and apparently run away with the funds of several Dash investors.
Click here for the full news
Oh my, oh my, oh my! What is going on now in the cryptoverse?
Earlier, we have IDAX CEO who suddenly disappeared with the cold wallet. Right now, Dash's senior advisor follow suit by disappearing with the investors' hard-earned money?
I just do not know who's next. It means that even if you are a reputable kind of project, someone in your team would likely turn their back on the project and may do "evil stuff". Betrayal in short.
It means that any time of the day, week, month or year, one or a few in every crypto project may be the "dark horse/s" who would betray or "faking" their loyalty. Their public reputation and trust would be affected as well.
Investors should push this on a legal court, with our current laws I’m sure they can’t hide from this forever. So many failed projects and scammer developers, its hard to trust small exchanges now. I advices for traders to choose wisely and don’t go all in and don’t put big money on small exchanges. These kind of people will never find the real happiness in life, karma will follow them.
Indeed, they have to suffer the consequences of their actions so they can learn their lesson. It is the reason why we have to be very cautious these days because we can't easily tell their true intention and the only thing that you can do is be aware of the things that is currently happening. A lot of us had experienced being victimised by scam projects and in order to avoid it, we should be wise in every decision we make. If you don't want your funds to be wasted for nothing then be careful and always do some research because people nowadays will do everything for money and nothing is impossible for them. They will always take advantage of you if they get the chance.
Oh well, this is the sad reality of crypto or at least putting your funds in someone's hand. Anytime they can disappear together with all your crypto investments. Is this a trick being pulled up by those people who have been trusted by investors or traders? Or they're really greedy so they just pull an exit scam? Disappear enjoy the money in some remote island.
It was an old story because Moocowmoo has disappeared for a few months already, he ran a masternode service specialized for dash coin.
You can check his profile, someone sent a message about their withdrawal issue a couple of months ago: https://www.dash.org/forum/members/moocowmoo.1413/
Another fud created to pressure the market, I will not be surprised to see another old story came up again.
You can check his profile, someone sent a message about their withdrawal issue a couple of months ago: https://www.dash.org/forum/members/moocowmoo.1413/
Another fud created to pressure the market, I will not be surprised to see another old story came up again.
Oh no, it's happening again.
I wonder how far this will go, will we see another exit scam along the way?
Quote
Some individuals report that moocowmoo sent an email to all participants in his shared masternode on Aug 10, claiming that it was being shut down. Despite promising to return the funds, users have heard nothing for months.
This, I feel bad seeing this. They have been tricked more less. And now the guy that has their funds is nowhere to be found. What's the point in trusting your fund to some anonymous guy to run the masternodes? And now look what happened. Not mention dash is quite famous in crypto world. This will be a good a lesson I guess, for a future investors not to trust your money with some random guy even if they have a name for it.I wonder how far this will go, will we see another exit scam along the way?
I think a lot of these cases aren't just on DASH and IDAX, everything that is centered will end up like this, sometimes everyone can forget and be tempted by big money so they can just disappear, but it's strange to me why they didn't do it a few years ago, could they be kidnapped
Maybe they experience bankrupt thats why they do it now. And the masternode share is they think enough to live happily now without thinking about thier future problem. They just need to hide now to the public and go to a place that no one know him. 
Investors should push this on a legal court, with our current laws I’m sure they can’t hide from this forever. So many failed projects and scammer developers, its hard to trust small exchanges now. I advices for traders to choose wisely and don’t go all in and don’t put big money on small exchanges. These kind of people will never find the real happiness in life, karma will follow them.
Oh my, oh my, oh my! What is going on now in the cryptoverse?
Quote
Moocowmoo was then listed as a senior advisor and, suspiciously enough, is one of the only anonymous members on the entire core team.
The above is an excellent reason why anonymous members of any crypto team should be viewed with suspicion, as with ico team members who don't want to disclose their real identity and use cartoon photos instead. This is what can happen.I think you just raised a valid point, honestly, i don't get the reason why some team would want to stay anonymous when they have nothing to hide, how is even proper for one member of the team to remain anonymous when the rest identities are known! now look at the bad motive behind remaining anonymous, i think this should be duly emphasize on when looking to invest on any project, this is really an unfortunate circumstance to have happened to Dash coin.
So what is the lesson here? Do not trust altcoins that have all these sort of founder groups,,, they call themselves decentralized. Dash even especially so, and yet here they are showing us they are absolutely not.
Bitcoin told us we do not need to trust anyone with our money. Why did we not listen and choose altcoins? If we choose these alts, and we choose to store our savings at centralized places, we probably deserve it when things go wrong.
Bitcoin told us we do not need to trust anyone with our money. Why did we not listen and choose altcoins? If we choose these alts, and we choose to store our savings at centralized places, we probably deserve it when things go wrong.
so you think its already be setting? yeah pathetic hear news like this Moreover, the dash has been famous and quite large in the crypto market, of course this will be bad news for the dash and give effect.
I think the big project teams must apply kyc to each of their members to avoid things like this in the future,
case dash and idax is different you cant compare it.
I think the big project teams must apply kyc to each of their members to avoid things like this in the future,
case dash and idax is different you cant compare it.
I think a lot of these cases aren't just on DASH and IDAX, everything that is centered will end up like this, sometimes everyone can forget and be tempted by big money so they can just disappear, but it's strange to me why they didn't do it a few years ago, could they be kidnapped
That is why do not ever entrust our money to others even if they are trusted enough, there must be a colateral and certainly a valid colateral to reduce from losses like this things.
Shit! I feel sorry for those who've lost their money. Is there any info about how much did he ran away with?
Yeah IKR. If someone has enough coins to run a masternode then they should run it by themselves or find a coin with delegation or cold staking or just be in BITCOIN!
You must know that there are some people that really want to stake despite having literally no idea about how to run masternode but insist to run one because it could grow their money anyway. Those kind of people are usually those that get a small information about this online business/passive income from their close friend and relative but got sucked by their greed and as a result hiring a stranger to help them run it. That's crazy and I won't ever hire stranger to hold my personal possession. heck, even I don't trust people touching my personal VPS that literally has no crypto whatsoever. Yeah IKR. If someone has enough coins to run a masternode then they should run it by themselves or find a coin with delegation or cold staking or just be in BITCOIN!
The big question is about how the senior advisor of DASH was holding the investor's money? Isn't it something the really strange to see that? what's the capability of that guy as senior advisor of DASH?
Dude, so many scammers these days and that was giving a very bad impact to the name of crypto. DASH is also loosing its credibility right now by added the anonymous member like him. I hope that investors will get a solution. It looks like it's not worth again to put our money into the MN projects.
Dude, so many scammers these days and that was giving a very bad impact to the name of crypto. DASH is also loosing its credibility right now by added the anonymous member like him. I hope that investors will get a solution. It looks like it's not worth again to put our money into the MN projects.
Yeah IKR. If someone has enough coins to run a masternode then they should run it by themselves or find a coin with delegation or cold staking or just be in BITCOIN!
I agree, but from what he told me it's a huge deal to run a masternode, as in resource commitment in terms of computing and who knows what else. I have never run one, so I took him at his word. He said some guy charges a few dollars a month to do it and that the guy has control of the collateral coins. The first thing I thought of was how crazy he was for the last part. He's probably well aware of how many scams there are in crypto, so I don't know why he chose to go that route.The more I think about this story with dash, the more disturbing it is to me. I happen to like dash as an altcoin and have respected the work the dash foundation has done to promote the coin as a currency as they have recently been doing in south america. This is almost treasonous in my eyes that someone would pull off a scam like this.
Centralized projects will always become victims of these things, which is why I stay away from them.
Dash isn't centralized. The dash foundation certainly is, but not dash itself even with the masternodes. At least no more so than bitcoin is with all of its powerful chinese miners.
This is becoming like the norm l, people left in tears over lost of money, now I see reason why people are now feeling skeptical about leaving their funds in exchanges. Centralized exchange hmmm, a no no for me
Centralized projects will always become victims of these things, which is why I stay away from them.
Same with all these ERC20 token projects, which are premined and distributed. Back in 2012-2014 people would go NUTS by the idea that the team instamines a token/coin and sells them like they are sold today. It's not decentralized, and we've seen over and over again how these tokens become scams over time, with devs selling out, exit scamming etc.
Not saying EVERY token is a "scam", because that's not true at all, but projects "borned" this way isn't decentralized, not in the slightest.
Take a look at an old school project like Blocknet, which was launched fairly, and is still around today. Peercoin, Vertcoin, same thing. Nobody cares, because everyone is looking to make "quick" money, not caring at all.
Blocknet solving oracles, compared with Chainlink. Both projects aims to do the same, with one project being way more centralized than the other. Back in 2013 they would off have switched positions on Coinmarketcap due to this exact fact.
So be careful out there, devs holding a large percentage of the coins in circulation CAN be bad, but isn't always.
Same with all these ERC20 token projects, which are premined and distributed. Back in 2012-2014 people would go NUTS by the idea that the team instamines a token/coin and sells them like they are sold today. It's not decentralized, and we've seen over and over again how these tokens become scams over time, with devs selling out, exit scamming etc.
Not saying EVERY token is a "scam", because that's not true at all, but projects "borned" this way isn't decentralized, not in the slightest.
Take a look at an old school project like Blocknet, which was launched fairly, and is still around today. Peercoin, Vertcoin, same thing. Nobody cares, because everyone is looking to make "quick" money, not caring at all.
Blocknet solving oracles, compared with Chainlink. Both projects aims to do the same, with one project being way more centralized than the other. Back in 2013 they would off have switched positions on Coinmarketcap due to this exact fact.
So be careful out there, devs holding a large percentage of the coins in circulation CAN be bad, but isn't always.
Shit! I feel sorry for those who've lost their money. Is there any info about how much did he ran away with?
Unbelievable. I know a guy who pays someone to run a masternode for him (not dash), and I always thought he was crazy for letting someone else hold the coins for him. And this is the reason why.
This has been months in the doing if I'm reading the article right.
Yeah IKR. If someone has enough coins to run a masternode then they should run it by themselves or find a coin with delegation or cold staking or just be in BITCOIN!
Quote
Individuals have been trying to contact him for months to no avail, leading to a prolonged search and community involvement to get to the bottom of things. Moocowmoo ran an operation where users could put up their DASH for partial masternode returns in a shared system.
Unbelievable. I know a guy who pays someone to run a masternode for him (not dash), and I always thought he was crazy for letting someone else hold the coins for him. And this is the reason why.
This has been months in the doing if I'm reading the article right.
Quote
Individuals have been trying to contact him for months to no avail, leading to a prolonged search and community involvement to get to the bottom of things. Moocowmoo ran an operation where users could put up their DASH for partial masternode returns in a shared system.
Unbelievable. I know a guy who pays someone to run a masternode for him (not dash), and I always thought he was crazy for letting someone else hold the coins for him. And this is the reason why.
This has been months in the doing if I'm reading the article right.
Quote
Moocowmoo was then listed as a senior advisor and, suspiciously enough, is one of the only anonymous members on the entire core team.
The above is an excellent reason why anonymous members of any crypto team should be viewed with suspicion, as with ico team members who don't want to disclose their real identity and use cartoon photos instead. This is what can happen.
A senior advisor for the Dash Core Group has apparently disappeared with the funds of several investors. Concerned parties within the community are left trying to put together the pieces.
A prominent individual within the Dash Core Group has apparently gone missing in what is increasingly looking like an exit scam. The now-gone senior advisor for Dash, known by his moniker ‘moocowmoo,’ was also the owner of a service specializing in ‘masternode shares.’ The individual has disappeared and apparently run away with the funds of several Dash investors.
Click here for the full news
Oh my, oh my, oh my! What is going on now in the cryptoverse?
Earlier, we have IDAX CEO who suddenly disappeared with the cold wallet. Right now, Dash's senior advisor follow suit by disappearing with the investors' hard-earned money?
I just do not know who's next. It means that even if you are a reputable kind of project, someone in your team would likely turn their back on the project and may do "evil stuff". Betrayal in short.
It means that any time of the day, week, month or year, one or a few in every crypto project may be the "dark horse/s" who would betray or "faking" their loyalty. Their public reputation and trust would be affected as well.
A prominent individual within the Dash Core Group has apparently gone missing in what is increasingly looking like an exit scam. The now-gone senior advisor for Dash, known by his moniker ‘moocowmoo,’ was also the owner of a service specializing in ‘masternode shares.’ The individual has disappeared and apparently run away with the funds of several Dash investors.
Click here for the full news
Oh my, oh my, oh my! What is going on now in the cryptoverse?
Earlier, we have IDAX CEO who suddenly disappeared with the cold wallet. Right now, Dash's senior advisor follow suit by disappearing with the investors' hard-earned money?
I just do not know who's next. It means that even if you are a reputable kind of project, someone in your team would likely turn their back on the project and may do "evil stuff". Betrayal in short.
It means that any time of the day, week, month or year, one or a few in every crypto project may be the "dark horse/s" who would betray or "faking" their loyalty. Their public reputation and trust would be affected as well.
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