OK i have only one question, whats about the crap with the facebook account?
First statement: its not yours
Second statement: oh its yours
answer from the facebook guy: he is not the "dev" of Levelcoin and dont know what we talking about
Maybe you can explain this for us???
Topic: [ANN] Levelcoin - Proof of Stake / Proof of Burn Hybrid - Inflation Immune - page 14. (Read 44845 times)
January 29, 2014, 05:29:49 AM
January 29, 2014, 05:27:00 AM
A few pages further he revokes this statement and says it is his account.
Additional he ignores again the uncomfortable questions what bring me back to this 3 points...
#1 the author ignore uncomfortable questions till ipo ends
#2 the author does not show any parts of code
#3 the author contradicts himself during the discussions
Quote
That profile is a half dozen years old. It is not updated to reflect the past couple of years of my life. I do in fact live in Michigan at the moment.
You missed the sarcasm in my post. Let me clear it up. Yes that is my Facebook, but I want to keep personal, professional and hobbyist lives separated.
I'm sorry I gave you enough negative impressions worth jumping to conclusions over. The members of this forum are a rowdy bunch I'll give them that.
You missed the sarcasm in my post. Let me clear it up. Yes that is my Facebook, but I want to keep personal, professional and hobbyist lives separated.
I'm sorry I gave you enough negative impressions worth jumping to conclusions over. The members of this forum are a rowdy bunch I'll give them that.
Additional he ignores again the uncomfortable questions what bring me back to this 3 points...
Quote
#1 the author ignore uncomfortable questions till ipo ends
#2 the author does not show any parts of code
#3 the author contradicts himself during the discussions
Well in that case:
Here is the proof promised: http://imgur.com/edit
Ooops silly me...hold on guys
http://imgur.com/MrSNjO7
If you guys look on Page 8, Levelcoin clearly stated the Facebook profile was his.
Explain this.
Case closed.
It will be interesting to see what kind of opium-laced logical retort LeoC will cook up for us this time.
Will it be denial: "That could have easily been faked!"
Will it be anger: "You're just mad because you didn't get hired to do work for free!"
Maybe bargaining: "Maybe if we just wait two days until the fundraiser is over he will clear everything up"
I can hardly wait.
January 29, 2014, 05:19:57 AM
The thing is, I don't believe you. I repeatedly told you that if you offered escrow many more people would invest.
If you had even a scrap of working code or a whitepaper ready you would have released it already. Sorry to say, but your project will get no more than maybe 0,1btc from me without escrow.
If you had even a scrap of working code or a whitepaper ready you would have released it already. Sorry to say, but your project will get no more than maybe 0,1btc from me without escrow.
I am not against escrow, if you want to take the time to set it up to protect yourself, then I will be happy to comply.
Personally I had trouble coming to an agreement with establishing terms and pricing for this service. Perhaps you will have better luck.
You will receive the same founder rate, but you will be responsible for any fees associated with the service.
January 29, 2014, 05:15:53 AM
actually, it is exactly that: text.
There is no source code, whitepaper, escrow or identity verification atm.
There is no source code, whitepaper, escrow or identity verification atm.
Text is powerful. Sure the rest are nice things but without the idea there is nothing.
My vision is to enhance cryptocurrency as a whole and elevate it to new areas.
There will be a whitepaper, and source code upon release.
There will also be a closed beta for founders.
There are currently enough founders to have a successful launch, and I see this increasing in the next couple of days.
No word from Kickstarter yet, the application is "pending approval"
If you had even a scrap of working code or a whitepaper ready you would have released it already. Sorry to say, but your project will get no more than maybe 0,1btc from me without escrow.
January 29, 2014, 05:01:43 AM
actually, it is exactly that: text.
There is no source code, whitepaper, escrow or identity verification atm.
There is no source code, whitepaper, escrow or identity verification atm.
Text is powerful. Sure the rest are nice things but without the idea there is nothing.
My vision is to enhance cryptocurrency as a whole and elevate it to new areas.
There will be a whitepaper, and source code upon release.
There will also be a closed beta for founders.
There are currently enough founders to have a successful launch, and I see this increasing in the next couple of days.
Can you PM me the source code?
Or not lol
January 29, 2014, 04:56:05 AM
actually, it is exactly that: text.
There is no source code, whitepaper, escrow or identity verification atm.
There is no source code, whitepaper, escrow or identity verification atm.
Text is powerful. Sure the rest are nice things but without the idea there is nothing.
My vision is to enhance cryptocurrency as a whole and elevate it to new areas.
There will be a whitepaper, and source code upon release.
There will also be a closed beta for founders.
There are currently enough founders to have a successful launch, and I see this increasing in the next couple of days.
No word from Kickstarter yet, the application is "pending approval"
January 29, 2014, 04:54:28 AM
actually, it is exactly that: text.
There is no source code, whitepaper, escrow or identity verification atm.
There is no source code, whitepaper, escrow or identity verification atm.
January 29, 2014, 04:39:20 AM
@LeoC that argument does not hold up. If he fails to provide escrow there are nearly no initial investors. How do you expect a coin to suceed when there are only 10 supporters in the beginning who each got only 100000 coins or so?
January 29, 2014, 04:38:53 AM
Interesting to see how naive people sent money to a person who only writes some text at a Forum. 
Just think about one fact, if he can attrackt a lot of more investors and make much more money only by post some code of his project or write one message at FB why does not do it?
Just think about one fact, if he can attrackt a lot of more investors and make much more money only by post some code of his project or write one message at FB why does not do it?
January 29, 2014, 04:17:09 AM
I'm stoked for release, I could care less about the whole private life thing.
Even if the guy says he is someone that he is not, does that make the idea, client, and chance to make money all of a sudden disappear?
Nope, the dev could be some yokel with no education but it wouldn't matter to me. All that matters is if the coin itself is a success.
If Bill Gates had a criminal background before he built Windows, would it have mattered once it was released? Would it have stopped Windows from being a success?
Don't invest, more profit for the rest of us. This is going to be Next all over again, which also by the way did not have escrow and was constantly called a scam before launch, founders ended up getting rich.
What if the Kickstarter fails to get approved, which is actually very likely? He could very well launch with the founder list that he already has since it has grown a lot recently and leave everyone that is waiting in the dust.
Even if the guy says he is someone that he is not, does that make the idea, client, and chance to make money all of a sudden disappear?
Nope, the dev could be some yokel with no education but it wouldn't matter to me. All that matters is if the coin itself is a success.
If Bill Gates had a criminal background before he built Windows, would it have mattered once it was released? Would it have stopped Windows from being a success?
Don't invest, more profit for the rest of us. This is going to be Next all over again, which also by the way did not have escrow and was constantly called a scam before launch, founders ended up getting rich.
What if the Kickstarter fails to get approved, which is actually very likely? He could very well launch with the founder list that he already has since it has grown a lot recently and leave everyone that is waiting in the dust.
January 29, 2014, 03:52:27 AM
A few pages further he revokes this statement and says it is his account.
Additional he ignores again the uncomfortable questions what bring me back to this 3 points...
#1 the author ignore uncomfortable questions till ipo ends
#2 the author does not show any parts of code
#3 the author contradicts himself during the discussions
Quote
That profile is a half dozen years old. It is not updated to reflect the past couple of years of my life. I do in fact live in Michigan at the moment.
You missed the sarcasm in my post. Let me clear it up. Yes that is my Facebook, but I want to keep personal, professional and hobbyist lives separated.
I'm sorry I gave you enough negative impressions worth jumping to conclusions over. The members of this forum are a rowdy bunch I'll give them that.
You missed the sarcasm in my post. Let me clear it up. Yes that is my Facebook, but I want to keep personal, professional and hobbyist lives separated.
I'm sorry I gave you enough negative impressions worth jumping to conclusions over. The members of this forum are a rowdy bunch I'll give them that.
Additional he ignores again the uncomfortable questions what bring me back to this 3 points...
Quote
#1 the author ignore uncomfortable questions till ipo ends
#2 the author does not show any parts of code
#3 the author contradicts himself during the discussions
Honestly, with the amount of flip-flopping he is doing, even if I can make more returns now, I'd rather just wait for kickstarter for less risk, less return.
January 29, 2014, 02:28:21 AM
People have been clamoring for a higher incentive to invest so I am going to be raising initial investor rewards to 150,000 per BTC and 4,275 per LTC.
Its good to see the higher incentive for early investors.
January 29, 2014, 02:23:47 AM
A few pages further he revokes this statement and says it is his account.
Additional he ignores again the uncomfortable questions what bring me back to this 3 points...
#1 the author ignore uncomfortable questions till ipo ends
#2 the author does not show any parts of code
#3 the author contradicts himself during the discussions
Quote
That profile is a half dozen years old. It is not updated to reflect the past couple of years of my life. I do in fact live in Michigan at the moment.
You missed the sarcasm in my post. Let me clear it up. Yes that is my Facebook, but I want to keep personal, professional and hobbyist lives separated.
I'm sorry I gave you enough negative impressions worth jumping to conclusions over. The members of this forum are a rowdy bunch I'll give them that.
You missed the sarcasm in my post. Let me clear it up. Yes that is my Facebook, but I want to keep personal, professional and hobbyist lives separated.
I'm sorry I gave you enough negative impressions worth jumping to conclusions over. The members of this forum are a rowdy bunch I'll give them that.
Additional he ignores again the uncomfortable questions what bring me back to this 3 points...
Quote
#1 the author ignore uncomfortable questions till ipo ends
#2 the author does not show any parts of code
#3 the author contradicts himself during the discussions
January 29, 2014, 01:52:40 AM
Here is the proof promised: http://imgur.com/edit
Ooops silly me...hold on guys
http://imgur.com/MrSNjO7
If you guys look on Page 8, Levelcoin clearly stated the Facebook profile was his.
Thats not the right profile. He stated that on page 8.
He can just reset password. If he doesnt want to put that, he can put acronyms or some other random things to prove he is who he says he is. I am very cautious since being scammed.
This might sound dumb, but it's the truth. I do not remember the password. I have requested a password change which goes to an old e-mail address for which I also do not remember the password. I have then requested a password change for the e-mail but it is now asking me a security question: Who was your childhood hero? I tried putting the one that I think I remember being the answer to the question but after several attempts I was locked out. Sorry! This account is over 5 years old. There is a reason why I did not include this profile in the original post and I did not expect people to find it.
how about here posting here:
https://www.facebook.com/doelsinger
Wrong Dave Elsinger!
January 29, 2014, 01:21:06 AM
This is strange.
If they are already founders, i.e., they have already sent in money, then you have no incentive to reward them additionally. This appears to be an attempt to appeal to potential founders. Why would you do this? You could get all the funding you need - just look at all the posts from people who would love to be a part of this, including me - if you just front up with some code or a whitepaper or proof of your identity.
If they are already founders, i.e., they have already sent in money, then you have no incentive to reward them additionally. This appears to be an attempt to appeal to potential founders. Why would you do this? You could get all the funding you need - just look at all the posts from people who would love to be a part of this, including me - if you just front up with some code or a whitepaper or proof of your identity.
We want higher rewards in comparison to the people that get in via Kickstarter or any other form of additional distribution. Next did the same thing, first phase participants received 3x NXT. Ethereum is also doing the same thing, investers within the first week will get 2x ether. XCP did almost the same thing, where people that burned early received 1500 XCP, if you try to burn now you get less than 1100 XPC. It's not uncommon, higher risk = higher reward. Level coin obviously didn't want to give founders double or triple so he opted to give us 50% more. There are still 2 days left to get in at 1.5x which is a reasonable advantage.
January 28, 2014, 09:34:39 PM
LevelCoin will investors of the current fundraiser receive a higher level coin:btc ratio than the kickstarter funders?
Is there any incentive to not wait for the kickstarter?
Is there any incentive to not wait for the kickstarter?
I have been talking to current founders and it seems the unanimous decision is that they want higher rewards, I am considering giving early backers 1.5X the amount of Levelcoin.
As for the Facebook issue, I've sent messages to certain members on here. They know why I can't post publicly. It is too easy to take a screenshot and post it here.
This is strange.
If they are already founders, i.e., they have already sent in money, then you have no incentive to reward them additionally. This appears to be an attempt to appeal to potential founders. Why would you do this? You could get all the funding you need - just look at all the posts from people who would love to be a part of this, including me - if you just front up with some code or a whitepaper or proof of your identity.
January 28, 2014, 08:18:10 PM
LevelCoin will investors of the current fundraiser receive a higher level coin:btc ratio than the kickstarter funders?
Is there any incentive to not wait for the kickstarter?
Is there any incentive to not wait for the kickstarter?
I have been talking to current founders and it seems the unanimous decision is that they want higher rewards, I am considering giving early backers 1.5X the amount of Levelcoin.
As for the Facebook issue, I've sent messages to certain members on here. They know why I can't post publicly. It is too easy to take a screenshot and post it here.
You are putting potential investors in a very uncomfortable position.
Pros
1. Great, innovative idea
2. Big profit potential
Cons
1. No White Paper
2. No Source Code
3. No Escrow
4. Identity questions unresolved
It seems like you want people to trust you blindly or suffer the consequences. Will you be offering escrow before the fundraising period is over?
January 28, 2014, 07:41:56 PM
http://imgur.com/MrSNjO7
If you guys look on Page 8, Levelcoin clearly stated the Facebook profile was his.
If you guys look on Page 8, Levelcoin clearly stated the Facebook profile was his.
Can you ask that person if he owns this linkedin account and still has access to it:
http://www.linkedin.com/pub/david-elsinger/9/945/356
Also, so that readers don't get confused he mentioned this was his on page 9.
January 28, 2014, 05:17:32 PM
LevelCoin,
I am not actually new here and literally made an account just for my interest in this thread. I read Bitcointalk a lot but try to stay away from posting. I have been a proponent of StableCoin for a while and am hedging my bets that Artos will release the mixing service and am sincerely interested in the concept of Levelcoin.
Have you nailed down the specifics of the level rewards? You've mentioned initially doing a 250 L1 / year L2 reward causing a 4 year ROI. Later on in the comments you acknowledged that you were still considering other options. I think we would all like to know what the final reward system will be and if you have come to a final decision.
Also, do we have a gauge of what the initial IPO will be creating in regards to L1 coins? As far as I can tell the only way that coins will be generated is by either A. investing in the IPO or Kickstarter campaign, or B. production of level 1 coins by the coins purchased in A. Is there a set number you plan to produce? Will the initial investors then possibly end up with more than originally specified if the initial investments are less than anticipated or are the 100,000 and 2850 (or whatever the LTC amount was) set in stone?
Also, are you confirming the Kickstarter is complete and has been shown to the current investors?
I am not actually new here and literally made an account just for my interest in this thread. I read Bitcointalk a lot but try to stay away from posting. I have been a proponent of StableCoin for a while and am hedging my bets that Artos will release the mixing service and am sincerely interested in the concept of Levelcoin.
Have you nailed down the specifics of the level rewards? You've mentioned initially doing a 250 L1 / year L2 reward causing a 4 year ROI. Later on in the comments you acknowledged that you were still considering other options. I think we would all like to know what the final reward system will be and if you have come to a final decision.
Also, do we have a gauge of what the initial IPO will be creating in regards to L1 coins? As far as I can tell the only way that coins will be generated is by either A. investing in the IPO or Kickstarter campaign, or B. production of level 1 coins by the coins purchased in A. Is there a set number you plan to produce? Will the initial investors then possibly end up with more than originally specified if the initial investments are less than anticipated or are the 100,000 and 2850 (or whatever the LTC amount was) set in stone?
Also, are you confirming the Kickstarter is complete and has been shown to the current investors?
The rewards are being quadrupled to make it a one year ROI. This is due to the extremely fast pace nature of crypto.
I've taken three steps to avoid hoarding, which also seems to be a constant topic among founders.
First, I've added diminishing returns that begin after the ROI is met, this is both to balance the faster ROI and to be an incentive to continue burning and trading.
Second, I set a 1 BTC cap on founders, this is obviously to avoid a few individuals having too much power.
The exchange won't be live until after distribution is complete, this is to avoid founders buying up all the coins then artificially increasing the price.
People have been clamoring for a higher incentive to invest so I am going to be raising initial investor rewards to 150,000 per BTC and 4,275 per LTC.
I have updated the first page with this new information.
January 28, 2014, 05:11:01 PM
LevelCoin will investors of the current fundraiser receive a higher level coin:btc ratio than the kickstarter funders?
Is there any incentive to not wait for the kickstarter?
Is there any incentive to not wait for the kickstarter?
I have been talking to current founders and it seems the unanimous decision is that they want higher rewards, I am considering giving early backers 1.5X the amount of Levelcoin.
As for the Facebook issue, I've sent messages to certain members on here. They know why I can't post publicly. It is too easy to take a screenshot and post it here.
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