Topic: [ANN][1000 SYNC] Proof of Stake now run by BLOCKCHAIN DEVELOPMENT COMPANY - page 292. (Read 816006 times)

Quote from: Real_Unhooked on May 29, 2014, 03:27:15 PM

I feel SYNC and PURE might be from the same dev. Look at the wallet screenshots

I would stay away from PURE...it screams scam worse than this one does. Even if its not a scam, the whole VISA card thing is a big red flag...basically the dev is trying to act like an exchange of currency between PURE and USD. That breaks all sorts of laws. Charlie Shrem (among others) is facing prison for this. Either the dev is not aware of what he is doing or is perfectly aware and does not care...either way its best to stay away.

And its unlikely that one developer would steal a wallet from an obscure coin like Sync days after it was released. This is probably the same developer. Or at the very least somebody who has been heavily involved in Sync thus far.

What kind of laws are you referring to? I think dollars are free to exchange in the Eurozone, and especially if they are working together with a licensed bank which it appears to by the access to chipcards. This is Germany, remember, not Texas!

In order to exchange currency you need to register as a money transmitter. They plan to operate a website where this exchange takes place. In order for it to be legal, they need to register appropriately and they will be subject to a number of regulations/taxes

http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html

The relevant part here is under "Administrators and Exchangers of Virtual Currency" in the document.

Where they are located does not matter if they conduct any business at all in the US. I don't know what other country's policies are but FINCEN will ruin your day here in the US. Also, VISA is an American company and subject to the same laws. If they get wind of this happening they will shut it down immediately. They could be on the hook for money laundering charges if something goes bad.

I know you Americans like to apply your laws on Europe, but the world isn't yours just yet. Visa is just a service making agreed currencies available for banks and it's the banks themselves that do the transaction in whatever currency. This "exchange" has nothing to do with Visa and I'm sure this coin provider has an agreement with a bank performing that last bit of the transaction.
Finland has a Bitcoin ATM, did you know that?

And don't forget that your states recently declared Bitcoin a "commodity". There's nothing more suspicious about paying dollars for Pure than paying dollars for rice... Wink

This might be a long and boring case for the courthouses, but this is more or less the arguments I would use to defend against your lawyer

But thanks for the warning anyways, I'll be ready to sell in case it all goes pear-shaped

I don't think you understand. Every country has laws just like this. This is how they prevent money laundering. I can only quote the laws in the US because those are the only ones I know.

But as a user of PURE you would have very little to worry about. They don't care about users of the currency, instead they will go after whoever operates the website. Which is why I say it may be a scam. They probably know very well about the laws they are breaking, and are hoping to get as many suckers paying in as possible before they close shop.

But if it's not a currency..

http://techcrunch.com/2014/03/25/irs-rules-bitcoin-is-property-not-currency/

raskul

sr. member

Activity: 434

Merit: 250

just to let you all know, i've taken down my node for SYNC.
I don't wish to be associated with this coin, or any of it's development team.

best wishes to you all.

raskul

sr. member

Activity: 434

Merit: 250

Quote from: Chronikka on May 29, 2014, 05:13:40 PM

Quote from: Real_Unhooked on May 29, 2014, 03:27:15 PM

I feel SYNC and PURE might be from the same dev. Look at the wallet screenshots

I would stay away from PURE...it screams scam worse than this one does. Even if its not a scam, the whole VISA card thing is a big red flag...basically the dev is trying to act like an exchange of currency between PURE and USD. That breaks all sorts of laws. Charlie Shrem (among others) is facing prison for this. Either the dev is not aware of what he is doing or is perfectly aware and does not care...either way its best to stay away.

And its unlikely that one developer would steal a wallet from an obscure coin like Sync days after it was released. This is probably the same developer. Or at the very least somebody who has been heavily involved in Sync thus far.

What kind of laws are you referring to? I think dollars are free to exchange in the Eurozone, and especially if they are working together with a licensed bank which it appears to by the access to chipcards. This is Germany, remember, not Texas!

In order to exchange currency you need to register as a money transmitter. They plan to operate a website where this exchange takes place. In order for it to be legal, they need to register appropriately and they will be subject to a number of regulations/taxes

http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html

The relevant part here is under "Administrators and Exchangers of Virtual Currency" in the document.

Where they are located does not matter if they conduct any business at all in the US. I don't know what other country's policies are but FINCEN will ruin your day here in the US. Also, VISA is an American company and subject to the same laws. If they get wind of this happening they will shut it down immediately. They could be on the hook for money laundering charges if something goes bad.

I know you Americans like to apply your laws on Europe, but the world isn't yours just yet. Visa is just a service making agreed currencies available for banks and it's the banks themselves that do the transaction in whatever currency. This "exchange" has nothing to do with Visa and I'm sure this coin provider has an agreement with a bank performing that last bit of the transaction.
Finland has a Bitcoin ATM, did you know that?

And don't forget that your states recently declared Bitcoin a "commodity". There's nothing more suspicious about paying dollars for Pure than paying dollars for rice... Wink

This might be a long and boring case for the courthouses, but this is more or less the arguments I would use to defend against your lawyer

But thanks for the warning anyways, I'll be ready to sell in case it all goes pear-shaped

I don't think you understand. Every country has laws just like this. This is how they prevent money laundering. I can only quote the laws in the US because those are the only ones I know.

But as a user of PURE you would have very little to worry about. They don't care about users of the currency, instead they will go after whoever operates the website. Which is why I say it may be a scam. They probably know very well about the laws they are breaking, and are hoping to get as many suckers paying in as possible before they close shop.

looks like the biggest hashrate has gone off on the wrong fork anyhoo, so users aren't gonna get jack-shit.

Chronikka

hero member

Activity: 658

Merit: 504

Quote from: Real_Unhooked on May 29, 2014, 03:27:15 PM

I feel SYNC and PURE might be from the same dev. Look at the wallet screenshots

I would stay away from PURE...it screams scam worse than this one does. Even if its not a scam, the whole VISA card thing is a big red flag...basically the dev is trying to act like an exchange of currency between PURE and USD. That breaks all sorts of laws. Charlie Shrem (among others) is facing prison for this. Either the dev is not aware of what he is doing or is perfectly aware and does not care...either way its best to stay away.

And its unlikely that one developer would steal a wallet from an obscure coin like Sync days after it was released. This is probably the same developer. Or at the very least somebody who has been heavily involved in Sync thus far.

What kind of laws are you referring to? I think dollars are free to exchange in the Eurozone, and especially if they are working together with a licensed bank which it appears to by the access to chipcards. This is Germany, remember, not Texas!

In order to exchange currency you need to register as a money transmitter. They plan to operate a website where this exchange takes place. In order for it to be legal, they need to register appropriately and they will be subject to a number of regulations/taxes

http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html

The relevant part here is under "Administrators and Exchangers of Virtual Currency" in the document.

Where they are located does not matter if they conduct any business at all in the US. I don't know what other country's policies are but FINCEN will ruin your day here in the US. Also, VISA is an American company and subject to the same laws. If they get wind of this happening they will shut it down immediately. They could be on the hook for money laundering charges if something goes bad.

I know you Americans like to apply your laws on Europe, but the world isn't yours just yet. Visa is just a service making agreed currencies available for banks and it's the banks themselves that do the transaction in whatever currency. This "exchange" has nothing to do with Visa and I'm sure this coin provider has an agreement with a bank performing that last bit of the transaction.
Finland has a Bitcoin ATM, did you know that?

And don't forget that your states recently declared Bitcoin a "commodity". There's nothing more suspicious about paying dollars for Pure than paying dollars for rice... Wink

This might be a long and boring case for the courthouses, but this is more or less the arguments I would use to defend against your lawyer

But thanks for the warning anyways, I'll be ready to sell in case it all goes pear-shaped

I don't think you understand. Every country has laws just like this. This is how they prevent money laundering. I can only quote the laws in the US because those are the only ones I know.

But as a user of PURE you would have very little to worry about. They don't care about users of the currency, instead they will go after whoever operates the website. Which is why I say it may be a scam. They probably know very well about the laws they are breaking, and are hoping to get as many suckers paying in as possible before they close shop.

Kenta

sr. member

Activity: 420

Merit: 250

Quote from: cryptomines on May 29, 2014, 04:59:54 PM

So, what did we get from the dev today? One useless comment?

Off topic, I'm curious what visa has to say about pure coin.

If Visa would have anything against this business at all, even though it's a commodity, which I doubt, it might be more beneficial for them to do business with Eurocard. Then they would also automatically be accepted by the Mastercard network.

raskul

sr. member

Activity: 434

Merit: 250

so, are we all in sync? we might as well do something with this now the dev team have moved on to their money laundering scam

cryptomines

full member

Activity: 126

Merit: 100

So, what did we get from the dev today? One useless comment?

Off topic, I'm curious what visa has to say about pure coin.

raskul

sr. member

Activity: 434

Merit: 250

Quote from: Real_Unhooked on May 29, 2014, 03:27:15 PM

I feel SYNC and PURE might be from the same dev. Look at the wallet screenshots

I would stay away from PURE...it screams scam worse than this one does. Even if its not a scam, the whole VISA card thing is a big red flag...basically the dev is trying to act like an exchange of currency between PURE and USD. That breaks all sorts of laws. Charlie Shrem (among others) is facing prison for this. Either the dev is not aware of what he is doing or is perfectly aware and does not care...either way its best to stay away.

And its unlikely that one developer would steal a wallet from an obscure coin like Sync days after it was released. This is probably the same developer. Or at the very least somebody who has been heavily involved in Sync thus far.

What kind of laws are you referring to? I think dollars are free to exchange in the Eurozone, and especially if they are working together with a licensed bank which it appears to by the access to chipcards. This is Germany, remember, not Texas!

In order to exchange currency you need to register as a money transmitter. They plan to operate a website where this exchange takes place. In order for it to be legal, they need to register appropriately and they will be subject to a number of regulations/taxes

http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html

The relevant part here is under "Administrators and Exchangers of Virtual Currency" in the document.

Where they are located does not matter if they conduct any business at all in the US. I don't know what other country's policies are but FINCEN will ruin your day here in the US. Also, VISA is an American company and subject to the same laws. If they get wind of this happening they will shut it down immediately. They could be on the hook for money laundering charges if something goes bad.

I know you Americans like to apply your laws on Europe, but the world isn't yours just yet. Visa is just a service making agreed currencies available for banks and it's the banks themselves that do the transaction in whatever currency. This "exchange" has nothing to do with Visa and I'm sure this coin provider has an agreement with a bank performing that last bit of the transaction.
Finland has a Bitcoin ATM, did you know that?

And don't forget that your states recently declared Bitcoin a "commodity". There's nothing more suspicious about paying dollars for Pure than paying dollars for rice... Wink

This might be a long and boring case for the courthouses, but this is more or less the arguments I would use to defend against your lawyer

But thanks for the warning anyways, I'll be ready to sell in case it all goes pear-shaped

i've informed VISA directly. As long as purecoin have prior written affirmations from the trademark holder, they'll be OK.

Kenta, this isn't about us vs them, this is how the entire crypto-world is viewed by outside eyes. The last thing bitcoin needs (remember bitcoin?) is a bunch of criminals continually trying to scam people to invest in their get-rich quick schemes.

Kenta

sr. member

Activity: 420

Merit: 250

Quote from: Real_Unhooked on May 29, 2014, 03:27:15 PM

I feel SYNC and PURE might be from the same dev. Look at the wallet screenshots

I would stay away from PURE...it screams scam worse than this one does. Even if its not a scam, the whole VISA card thing is a big red flag...basically the dev is trying to act like an exchange of currency between PURE and USD. That breaks all sorts of laws. Charlie Shrem (among others) is facing prison for this. Either the dev is not aware of what he is doing or is perfectly aware and does not care...either way its best to stay away.

And its unlikely that one developer would steal a wallet from an obscure coin like Sync days after it was released. This is probably the same developer. Or at the very least somebody who has been heavily involved in Sync thus far.

What kind of laws are you referring to? I think dollars are free to exchange in the Eurozone, and especially if they are working together with a licensed bank which it appears to by the access to chipcards. This is Germany, remember, not Texas!

In order to exchange currency you need to register as a money transmitter. They plan to operate a website where this exchange takes place. In order for it to be legal, they need to register appropriately and they will be subject to a number of regulations/taxes

http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html

The relevant part here is under "Administrators and Exchangers of Virtual Currency" in the document.

Where they are located does not matter if they conduct any business at all in the US. I don't know what other country's policies are but FINCEN will ruin your day here in the US. Also, VISA is an American company and subject to the same laws. If they get wind of this happening they will shut it down immediately. They could be on the hook for money laundering charges if something goes bad.

I know you Americans like to apply your laws on Europe, but the world isn't yours just yet. Visa is just a service making agreed currencies available for banks and it's the banks themselves that do the transaction in whatever currency. This "exchange" has nothing to do with Visa and I'm sure this coin provider has an agreement with a bank performing that last bit of the transaction.
Finland has a Bitcoin ATM, did you know that?

And don't forget that your states recently declared Bitcoin a "commodity". There's nothing more suspicious about paying dollars for Pure than paying dollars for rice... Wink

This might be a long and boring case for the courthouses, but this is more or less the arguments I would use to defend against your lawyer

But thanks for the warning anyways, I'll be ready to sell in case it all goes pear-shaped

raskul

sr. member

Activity: 434

Merit: 250

Quote from: Chronikka on May 29, 2014, 04:11:58 PM

Quote from: YAdaminer on May 29, 2014, 04:08:30 PM

Guys I would say that SYNC have the same developer as Pure which is not bad. I think he is behind CINNI and XLB too.
The bad thing is if we waiting for some fixes because he works on other coins development.
loljosh is the guy and you can check if you want. It seems that you can have your coin for not much BTC

https://bitcointalksearch.org/topic/get-your-own-alt-coin-x11x13x15scrypt-masternodes-powpos-learn-466908

... and only MsCollec can confirm or deny that.

I pointed this thread out awhile ago and I was ignored. Oh well. But its clear the developer has moved on to his next project

i got your back mate. You weren't ignored, some intelligent folk realised the issue and responded to you about it.
and yes, you are right on the money (pardon the pun) Purecoin is the clearest money laundering scam I have ever seen. That visa thing will never transpire, and those who buy into it are getting scammed ~~just as badly as~~ worse than we have been here.

remember a while, one of the devs posted that MsCollec had asked them to make a 'test' coin?

not a bad criminal test for the real coin - but i'm afraid it's been found out. time to jump threads. Purecoin huh? see you there.

YAdaminer

hero member

Activity: 829

Merit: 1000

Quote from: Chronikka on May 29, 2014, 04:11:58 PM

Quote from: YAdaminer on May 29, 2014, 04:08:30 PM

Guys I would say that SYNC have the same developer as Pure which is not bad. I think he is behind CINNI and XLB too.
The bad thing is if we waiting for some fixes because he works on other coins development.
loljosh is the guy and you can check if you want. It seems that you can have your coin for not much BTC

https://bitcointalksearch.org/topic/get-your-own-alt-coin-x11x13x15scrypt-masternodes-powpos-learn-466908

... and only MsCollec can confirm or deny that.

I pointed this thread out awhile ago and I was ignored. Oh well. But its clear the developer has moved on to his next project

Probably cause it's true.

do0d

member

Activity: 84

Merit: 10

Quote from: ?? on ??

I really don't believe there is a minimum .3 to stake.

I see people saying this repeatedly, but wasn't that meant that was a change in the yet to be released new wallet?

Chronikka

hero member

Activity: 658

Merit: 504

Quote from: YAdaminer on May 29, 2014, 04:08:30 PM

Guys I would say that SYNC have the same developer as Pure which is not bad. I think he is behind CINNI and XLB too.
The bad thing is if we waiting for some fixes because he works on other coins development.
loljosh is the guy and you can check if you want. It seems that you can have your coin for not much BTC

https://bitcointalksearch.org/topic/get-your-own-alt-coin-x11x13x15scrypt-masternodes-powpos-learn-466908

... and only MsCollec can confirm or deny that.

I pointed this thread out awhile ago and I was ignored. Oh well. But its clear the developer has moved on to his next project

YAdaminer

hero member

Activity: 829

Merit: 1000

Guys I would say that SYNC have the same developer as Pure which is not bad. I think he is behind CINNI and XLB too.
The bad thing is if we waiting for some fixes because he works on other coins development.
loljosh is the guy and you can check if you want. It seems that you can have your coin for not much BTC

https://bitcointalksearch.org/topic/get-your-own-alt-coin-x11x13x15scrypt-masternodes-powpos-learn-466908

... and only MsCollec can confirm or deny that.

Chronikka

hero member

Activity: 658

Merit: 504

Quote from: Real_Unhooked on May 29, 2014, 03:27:15 PM

I feel SYNC and PURE might be from the same dev. Look at the wallet screenshots

I would stay away from PURE...it screams scam worse than this one does. Even if its not a scam, the whole VISA card thing is a big red flag...basically the dev is trying to act like an exchange of currency between PURE and USD. That breaks all sorts of laws. Charlie Shrem (among others) is facing prison for this. Either the dev is not aware of what he is doing or is perfectly aware and does not care...either way its best to stay away.

And its unlikely that one developer would steal a wallet from an obscure coin like Sync days after it was released. This is probably the same developer. Or at the very least somebody who has been heavily involved in Sync thus far.

What kind of laws are you referring to? I think dollars are free to exchange in the Eurozone, and especially if they are working together with a licensed bank which it appears to by the access to chipcards. This is Germany, remember, not Texas!

In order to exchange currency you need to register as a money transmitter. They plan to operate a website where this exchange takes place. In order for it to be legal, they need to register appropriately and they will be subject to a number of regulations/taxes

http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html

The relevant part here is under "Administrators and Exchangers of Virtual Currency" in the document.

Where they are located does not matter if they conduct any business at all in the US. I don't know what other country's policies are but FINCEN will ruin your day here in the US. Also, VISA is an American company and subject to the same laws. If they get wind of this happening they will shut it down immediately. They could be on the hook for money laundering charges if something goes bad.

Kenta

sr. member

Activity: 420

Merit: 250