Author

Topic: [ANN] [SCAM Warning] BARWIZI - NRS/NRB/NoirGroup/Project X (Read 10102 times)

hero member
Activity: 756
Merit: 500
Nothin like a Friday afternoon bump to remind everyone what a piece of trash Barwizi is.
hero member
Activity: 756
Merit: 500
What better way to close out a scam than completely change the plan??

This guy is seriously the worst scammer in the world, doesn't even bother to hide it...


I am off to work on some new products, I have joined the Circle team and have made a bid for a cooperative project with the Memorycoin team. More to come, stay tuned.

So with that said, how about giving some insight in the books of the NoirGroup General Fund? How many BTC was mined with our equipment up till today?

That information was already provided. The miners were taken offline when I left as I was unsure about my return.

As for your beliefs of me being a scammer I will disband the mining operation effective immediately. Quite disappointed with some people's actions I have decided that it is not worth the trouble. I'll require a vote on liquidation of the assets.

If anyone disagrees , the action is open to a vote.


Also I am modifying the terms of GF members, I followed the advice and desires of some of you which resulted in these bad circumstances.

The following are immediate and not subject to vote.

1) no more officers , that was not as effective as it should have been

2) Unless I expressly say so all projects will be done I collaboration with other groups.

3 ) GF members will receive payments once a month only from NRS , all future projects will have GF allocation only once in the beginning.

4) because I am the only developer and basically a one man team , my salary is drawn directly from GF earnings.

All GF members must note that your payouts are relative to useage of NRS and any future projects, as a result you can't expect anything from me unless there is activity on the chain.


These changes are not reflected in NRS as it is a product from before these changes. The NRS chain still maintains the previous structure and will operate under that management structure.

As of now I am exploring Bitshares toolkit , colored coins and the Circle wallet. All of which will have potential earnings for GF members.

ALL GF MEMBERS MUST PM ME THEIR NEW NRS ADDRESSES. I am still holding NRS that belongs to you and would like to pay it out.

Please note that you are due 34k NRS.
sr. member
Activity: 336
Merit: 250
Thank you lajz99 !
hero member
Activity: 617
Merit: 528
Man if I had money I would give some to chocobo for blowing the lid off of this and pming me with this info he just saved a lot of people a lot of pain in the future and I am just sad this didn't get out earlier

Well, I tried to get this out in the old NRS thread that has since been closed because Barwizi could not moderate himself.  Unfortunately, I didn't take the time and put in the effort chocobo did when I yelled "SCAM" at everyone.

He did a great job on this and no matter what Barwizi tries to claim at this point he can't dispute the FACTS he's been asking to be posted.

Having an unbiased, 3rd party do the research just goes to show you the truth will eventually be revealed in ALL scams!

Its a shame really. I had good hopes for NRS. Seems Barwizi was so busy deleting posts that he couldn't find the time for book keeping.
hero member
Activity: 756
Merit: 500
Man if I had money I would give some to chocobo for blowing the lid off of this and pming me with this info he just saved a lot of people a lot of pain in the future and I am just sad this didn't get out earlier

Well, I tried to get this out in the old NRS thread that has since been closed because Barwizi could not moderate himself.  Unfortunately, I didn't take the time and put in the effort chocobo did when I yelled "SCAM" at everyone.

He did a great job on this and no matter what Barwizi tries to claim at this point he can't dispute the FACTS he's been asking to be posted.

Having an unbiased, 3rd party do the research just goes to show you the truth will eventually be revealed in ALL scams!
full member
Activity: 239
Merit: 100
Socialist Cryptocurrency Devote
Man if I had money I would give some to chocobo for blowing the lid off of this and pming me with this info he just saved a lot of people a lot of pain in the future and I am just sad this didn't get out earlier
hero member
Activity: 756
Merit: 500
I see no response to the above evidence, cat got your tongue?

Well then, unless you can refute the above with solid evidence that can be corroborated , you stink!

FROM YOUR MOST RECENT COO:


Quote
I told him and i told others, if i am the one accused it is not right for me to do the audit myself, which is why i handed in the documents to them, so they could assess the situation. He says the officers tried, i feel this statement i misleading. We supposedly had a CDO, if we have a CDO, what part of NRS development did he try? If we have a CMO, have we seen any marketing done in the last three months? Frankly, I am the one who should be dissapointed because i spent a lot of time working to put this together. What funds ? Since you can't be bothered to really post things then i will

Yes you are right, I believe that the CDO (current dev of SSD) could have done MUCH more. As well as any officer still around.

Quote
The total is 32.9655 BTC [/b][/size][/center]

I think you put too many transactions up. In the six that you linked there is much more than 33 BTC. If you bought your own miner please separate it from that group.

Quote
Lets look at the Policy that i instituted for NRS in the beginning, 10000 NRS ==1Share==1 BTC

This however changed when the prices started dropping so i began to use market exchange rates since it was my OWN BTC i was risking by allowing people to buy in with NRS and NRB



You'll see that NRS investments were adjusted based on price and everyone agreed with their investment share.
[/u]

We now have NRS at an average price of 0.00004 which in BTC is 6.68 BTC  meaning I have to account for   4.4958 BTC

This is way off. First of all that document is out of date. Use Logans. Logan had a page that tracked the price of NRS for each purchase on poloniex. Do the math, the average price at the time was more around .00008 BTC. The NRS was worth 11.9205333703 BTC, there is no getting around that. Check poloniex guys. Barwizi just guessed at .00004 NRS.


Quote
On receipt of these miner i had to pay import duty and other taxes totaling +7 BTC (these payments were now straight FIAT out of my pocket)

Which again means i am owed a shortfall of 2.5342 BTC

You estimate that duty and taxes were 6.5 BTC in your own accounting. You repaid yourself several times. Get the receipts.



Quote
Initially, the miners were setup in my home, so that is i was incurring costs of 5kwh*24 per day in electricity costs

at a cost of 0.15 per KWH it amounts to $18.00 for electricity DAILY

The miners were in my home for 2 months so that is 18*60 == $1080 in FIAT costs to me which at the time is 2 BTC owed to me

I recall you bragging about free electricity. Once again, get receipts.

Quote

Shows what we mined initially, of which we can remove the 4.5342 BTC owed me that means i need to account for 4.33043

The miners were moved to a hosting facility after it became clear that to maximize their capacity and to free me from watching them they had to go.


The initial cost of hosting was a bit higher because we had to pay extra for thing s like "fire suppresion" , the host facility was not originally intended for hosting. The cost in BTC was 2.2

Cost of hosting 5 x 1 TH

June 2.2 BTC
July 1.4
August 1.5

You repaid yourself from the miners according to your own document. The cost of hosting was paid by two of the miners, not paid out of your pocket.



Quote
We had a multipool idea brought up by Koontas which cost us 3.5 BTC

It cost 3.0 BTC.



Quote
I have been corrected by Frigga77 , i forgot the PTS and miscalculated the BTC by 0.2.

The PTS were worth 4.7749 BTC. Guys he is just guessing at the value of the coins. Check the charts and Logans document.


At the end of the day, even if we use barwizi's inflated figures he ended up with way too much of our BTC. We aren't even at the premine/missing mining op BTC yet.

hero member
Activity: 644
Merit: 502
I am not a stakeholder in all that mess, so I will not comment on it.
Regardless, you are a bad apple, so we try to prevent you from spoiling the bunch.
Good luck with your private key theft.
legendary
Activity: 882
Merit: 1000
I see no response to the above evidence, cat got your tongue?

Well then, unless you can refute the above with solid evidence that can be corroborated , you stink!
hero member
Activity: 756
Merit: 500
^^^  Another rambling bunch of bullshit from Barwizi...  

The evidence against you is overwhelming at this point.  You are now labeled as a known SCAMMER.

Don't forget to leave that negative trust on Barwizi's account!!
legendary
Activity: 882
Merit: 1000
hero member
Activity: 756
Merit: 500
I suggest you all leave Barwizi negative trust on his accounts (Barwizi, NoirGroup LLDC)
hero member
Activity: 672
Merit: 500
Banned: For Your Protection
member
Activity: 70
Merit: 10
legendary
Activity: 1974
Merit: 1010
hero member
Activity: 756
Merit: 500
sr. member
Activity: 379
Merit: 250
And here we go, the proof  Grin lajz99 you were right!

https://bitcointalk.org/index.php?topic=791890.new#new

hero member
Activity: 644
Merit: 502
There he goes...deleting posts he doesn't like in another self-moderated thread...

Yeah, what kind of idiot does he think I am?  ... wait.... don't answer

Seriously, anyone that falls for it really probably deserves it.
hero member
Activity: 756
Merit: 500
There he goes...deleting posts he doesn't like in another self-moderated thread...
hero member
Activity: 756
Merit: 500
Another scam started by Barwizi!  You'll notice 1% goes to him personally and the vast majority of the remaining 99% will NEVER be claimed.  At least this time he's not trying to hide it...

https://bitcointalksearch.org/topic/notice-project-x-come-join-the-movement-791338

hero member
Activity: 756
Merit: 500
Saturday morning scam warning!
sr. member
Activity: 448
Merit: 250
Have you seen btc recently?

 Cheesy

That was yesterday's fun. Now it feels like the typical weekend red. Just another trading pair. :/
hero member
Activity: 756
Merit: 500
Barwizi, there should have been ~33btc mined from the 5th/s mining operation that started in mid-April.   Where are these funds?
sr. member
Activity: 448
Merit: 250
And here I was thinking it was going to be a boring day.
hero member
Activity: 756
Merit: 500
There are many questions that have still gone unanswered by Barwizi regarding the NoirGroup general fund.  He has now created a self-moderated thread and locked the previous thread to avoid answering any questions.  It is now time to bust things wide open as Barwizi has profited significantly from the missing premine and NoirGroup funds.

I previously was a member of NoirGroup and fully believe NG was started by Barwizi in order to scam the public by creating NoirGroup unknown to myself and other members of the team (who have also stopped working with the group since).

Here is some information and questions for Barwizi that he refuses to answer:


My post from July 2: https://bitcointalksearch.org/topic/m.7642275

"I've made all the points I have to make on this matter so this is going to be my last post here.

I do not believe that NRS or NoirGroup was created with the intent of being a scam, however, I do believe that Barwizi feels he is entitled to the funds that are missing and there is no reporting.  There have been MANY discussions asking for reporting and I never saw any, as the CFO indicated, he has not either.  During my time with the group I did not see any evidence of any board members doing anything under the radar besides Barwizi as I have documented previously.

I can assure you he'll come back with a list of "expenses" from the 250k premine (240k after 10k in giveaways), however, I highly doubt he will provide any PROOF anyone received the NRS (transaction ID's are NOT proof).  The 84k NRS that were used to buy into the General Fund should also be accounted for.  If they bought general fund shares, the general fund should have possession of them, right?

Will the tracking going forward be accurate?  Probably...at this point the CFO should have control over 100% of the funds (besides the 2th/s of miners being used for "expenses).  
Will additional coins be released?  Probably...not too hard to continue to clone...
Will the General Fund make their investment back?  Doubtful...it won't come from the mining and honestly Barwizi does not even understand what a true "DAC" is...
Will you see real proof the premine was spent for the good of NRS?  Not a chance in hell.

At this point PLEASE stop sending me messages asking me for more information, I've said all I have to say on the matter.  

It's obvious Barwizi cannot be trusted and I HIGHLY SUGGEST that the NoirGroup General Fund VOTE TO REMOVE BARWIZI AS CEO OF NOIRGROUP.

Goodbye."

Barwizi has been promising accounting of the premine and group funds for months and these has still been no information provided.

There are also funds missing from the 5th/s mining operation that have not been accounted for.  These miners and funds belong to NoirGroup, not Barwizi.

June 30 post: https://bitcointalksearch.org/topic/m.7605585
"Dearest Barwizi,

Here is the address for the eligius account where the miners were previously pointed prior to being moved so the CFO had access to the funds: http://eligius.st/~wizkid057/newstats/userstats.php/1Nf7PswAM87DWXfRLWxVVTjb8BYK3qfQuS

You can all see 8.82 BTC were mined on this account.

It did NOT go to miner fees, because that's where 2th/s is pointed to pay for those as you've stated previously.  

2-3 BTC were used for noirpool.com.  


WHERE DID THE ADDITIONAL 5-6 BTC FROM MINING GO?  PLEASE SHOW US TRANSACTIONS.  THIS BTC BELONGS TO THE GENERAL FUND!!


Thank you.

P.S. - DO NOT try to tell us the CFO will answer this as he did NOT have control over the wallets at that time.  YOU ALONE ARE RESPONSIBLE."


Here is a chat log where Barwizi admits to dumping the premine:  http://pastebin.com/kyvSsHa3
"Just how long do you think it took to sell it?" -Barwizi

And don't forget to take a look through the old NoirGroup thread!  It's some great comedy!  https://bitcointalksearch.org/topic/m.7605585

There is enough evidence against Barwizi and many unanswered questions regarding NoirGroup financials.  I highly urge you to do your research before getting involved with Barwizi or any NoirGroup/NoirShares projects.

I URGE NOIRGROUP AND BARWIZI TO PROVE ME WRONG AND PROVIDE ACCOUNTING FOR THE GROUP.




When I learned of the GF fund, I purposely did not invest, because I knew what it represented.  It was not definitive about what was going to happen and my investments were scarce enough that I didn't want to blindly take the plunge on a hope and a prayer.

Well some GF investors did exactly that, they simply got excited and threw their money into the pot hoping that while everyone else was doing it, it might yield something.

Now listen how stupid they sound, I quote:

We wait, we wait, we wait. We are still waiting. How long? A day? A week? A month? A year? At least you could have done something to compensate for the long waiting.

Long waiting?  Are you kidding me? NRS was announced around Feb 2014. It is still in its first year of development.  Most new businesses lose money the first year or two of start up.

....
These GF holders and other NRS investors have no idea that instead of seeing the yields and corrections they want, they are actually the exact same people that might be hurting their own investment, maybe even permanently by doing this..


Thanks for pointing out that my investment in the GF was a risky one, a risk you were not willing to take.
Maybe you can also see that making the mining option possible (mining at least 16 or maybe much more BTC), we have made possible the infrastructure you are having profit from now. The money from the mining option must be somewhere in the organisation, God knows where, but we, GF did not profit.
Personally I don't really care about the BTC I have put inside. Like I have said before, I have found a good investment that has brought me much more profit then this will ever give me.
What I am angry about is the way things are portrayed. If you can do some reading, you can also read that Barwizi, accidentally or purposely, has not been clear about the role of the GF holders in this new chain. If he would manage well, he would have given us SOMETHING in order to keep us a bit satisfied.
Promises were not kept time and time again.
Promise: GF holders will profit from the BTC mining done by the machines bought.
Fact: I have seen maybe 150 NRS, but no accounting has been done for the mining up till today, while the mining is already done there for 5 or 6 months. I am waiting for the accounting
Promise: GF holders will profit from the mining pool, and get the fees.
Fact: Never saw a dime from that, the project was killed after one or two weeks. I am waiting for this to come online again, because it has never been formally canceled.
Promise: GF holders will profit from the new lottochain
Fact: There will not be a lotto chain, instead it is planned to be implemented in a merge of NoirShares and Noirbits and the code is far from finished, and if this goes the way of the other two promises above, this will never happen. But ok I am waiting for this promise to become true.
Promise: There will be accounting for the mining operation and the premine.
Fact: This is still not done, after 3 months. But of course, I am waiting for the accounting, could be today, could be next year, but who cares, it is only the bitcoins that was mined with my money.

And of course I understand how hard it is to code, and how difficult creating something can be. But taking into account what has happened in the 7 months existence of NoirShares things in NRS go about 4 times slower than in other coins! But of course, I can give the developer a little credit and am waiting for the outcome.
And accusing the GF holders that they are devalueing their own share by standing up for their rights might sound like a legitimate statement, but in fact you are telling me to keep my mouth shut while things are not going like they should. Really, I have been biting my tongue more than you know, I have not said even half of what I want to say, just because I keep in mind it could devalue the share. I really have been waiting for things to improve, but from my viewpoint, the position of the GF holders is not improving, it is diminishing. I am still waiting to vote for a lot of decisions that have been made on our behalf without consulting us.

For the record: I did not get any offers for my share yet  Wink Come and buy! Rewards will be big! Don't wait! Dive in!
Oh BTW I could not wait until after the weekend to react on this posting, sorry.

edit: I want to state that things said in my reactions are my own point of view and in no way represent the point of view of the other GF holders. Although I am very curious what their point of view is. I added this because of this:
We wait, we wait, we wait. We are still waiting. How long? A day? A week? A month? A year? At least you could have done something to compensate for the long waiting.



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