Topic: BitBay | Decentralized Marketplace | Unmoderated Thread - page 15. (Read 52771 times)
if you had read the logs, you will notice there was more than one long conversation where they assure me that it was not going to be a pump. Ive got at least 10 more just like the one you saw. I was talking to Steven for weeks before that. So dont tell me about the narrative. I asked many, many times about wether or not they were going to do this. If you mean by early one then yeah i started noticing once the ICO had already started. But each day got progressively worse.
I read it. Looks like Gekko was trying to do something legit and Zimbeck says "Pay me first and I'll do whatever it takes to make more money".Zimbeck was quick to put a btc addy and take money upfront, shows how much he "cared" about the project. Such complete bullshit, agreed. Keep posting more logs, it adds fuel to the Christmas fire.
Um no. There's nothing legit about anyone involved.
David may have been naive (in the beginning) but it's clear that he became complicit fairly early on - quite possibly long before the logs. Gekko, Bob, and Steven were never interested in the coin, but only in extracting initial BTCs and then, down the road, even more BTCs by selling off their huge coin stash itself - they just ramped up the timetable after they felt they were getting screwed in the deal. And Lin was the facilitator of the entire thing since he could use the illusion of being a disinterested 3rd party holding the escrow.
The hilariously ironic result is that this is yet another example of why 3rd party escrow is not a viable solution (even if there is a level of transparency) - which is exactly what David has been marketing, though not completing unfortunately, in Halo. In actuality, I think that was worth every penny - the best argument for this particular solution, came from the players claiming to be providing it (due to them being even more crooked than the market's users were likely to ever be).
I think Gekko deservers a little bit of attention too, don't you guys?
https://m.facebook.com/ryanw2k
https://m.facebook.com/ryanw2k
https://www.facebook.com/international.rob?fref=ts
and his mum
cindy black
https://www.facebook.com/cindy.black.9638
and his mum
cindy black
https://www.facebook.com/cindy.black.9638
A lot of people gets it. A few simply refuse. They like it deeper and more painful. I guess there has to be all kinds.
But everyone, no exceptions, gets you BOB. And you will hang by your balls, I am pretty pretty sure.
But everyone, no exceptions, gets you BOB. And you will hang by your balls, I am pretty pretty sure.
Although I still like you every bit as much as an inflamed hemorrhoid (I would guess as thankfully I haven't experienced that personally)...
I feel it is only right to admit publicly that "You were 100% correct about this." I was wrong, and I admit that.
Also thought I'd post this here as it, naturally, got removed from the "new, new, new BitBay thread"...
Quote
Uhh yeah, this still stinks.
I still am a huge bull on the success of a broad-spectrum decentralized marketplace as being the best application for crypto-currency in general. But blind trust can only go so far - and that ship has sailed. You say you'll buy back coins, you say you'll restore value - but if there's one thing that's clear from the logs that just David posted (don't really trust anything from Bob under any circumstances)... it's that you (the current team) weren't willing to risk anything yourselves from the beginning. You hedged your bets (and then some actually)... at the expense of the investors themselves.
To put any more faith in the team - regardless of their optimism and apparent goodwill, should require (at a minimum):
100% transparency for all current parties
All held BTC, all held BAY, and all distributed BAY/BTC. We know Bob & co walked with ~691BTC, and dumped some/all of their BAY - but what about Lin/Steven/David? Distribution is critical, and the numbers are very fishy, but we have no proof that Lin isn't still involved, and (to me at least) if he 'cooked the books' for the ICO, upfront... that's every bit as bad if not worse than what Bob & Co. did. It's certainly worse than what David and Steven did - and I'm far from absolving them of blame (but they do seem to be more on the side of 'stupid' rather than 'crooked' in all this).
100% transparency of communication
The cat's already out of the bag... so let's have the un-edited logs from all parties in one pastebin. Since at least Steven and David are still involved (and I presume Lin is as well)... should be simple enough to have 2/3 party confirmation on their validity. Not that I think it will help the price any... but better to go to 1 sat now - and get all the time-bombs out at once - than get further down this rabbit-hole only to find another 3 waiting to trash everything again! (Naturally the timeline for this is NOW... if it can't be done in the next hour, then it's likely to be every bit as doctored as Bob's are.
Proof of backing - preferably 3rd party escrow/trust
Since the value of the coins themselves is currently garbage, and a big chuck of the BTC was either stolen/extorted (call it whatever you want, it's gone) - how much of the funds remain, and under what circumstances can they be used? The investors' BTC was exchanged for 'hope-tokens' on the belief that our BTC was being used to fund development of the coin, establish hedging, marketing costs, and later on perhaps pegging. So where are you getting the requisite funds to do that now?!? I'm sure I speak for most (even those rabidly supportive still) when I say that it would probably not be the best thing to still have you guys in charge of the 'money side' of this operation... I could see a homeless man convincing you he was the CEO of Citibank at this point possibly.
There's a hundred more likely questions - and to be honest, I'm out and not likely to be investing so much as a dime in this again - even after the markets are here. Not to say I won't use those markets if the actually do occur - but I'm definitely not holding my breath or doubling down on a team that made this many critical mistakes in judgement before even getting to the starting line.
Are Bobsurplus/Gekko & Co. a bunch of criminals? Certainly. Is Lin guilty of fraud, money laundering, and theft if he used so much as a single 'phantom-satoshi' let alone multiple BTC to falsify volume/sales and accumulate free BAY? Completely. However, there is such a thing as guilt by association - and even if there was absolutely nothing else criminal on the David/Steven side... that's enough for me to write off my losses and walk.
Sad day guys... in reality the damage you all have helped perpetrate against cryptocurrency in general by your actions, is more disgusting than the petty crimes involved in this directly.
I still am a huge bull on the success of a broad-spectrum decentralized marketplace as being the best application for crypto-currency in general. But blind trust can only go so far - and that ship has sailed.
You say you'll buy back coins, you say you'll restore value - but if there's one thing that's clear from the logs that just David posted (don't really trust anything from Bob under any circumstances)... it's that you (the current team) weren't willing to risk anything yourselves from the beginning. You hedged your bets (and then some actually)... at the expense of the investors themselves.To put any more faith in the team - regardless of their optimism and apparent goodwill, should require (at a minimum):
100% transparency for all current parties
All held BTC, all held BAY, and all distributed BAY/BTC. We know Bob & co walked with ~691BTC, and dumped some/all of their BAY - but what about Lin/Steven/David? Distribution is critical, and the numbers are very fishy, but we have no proof that Lin isn't still involved, and (to me at least) if he 'cooked the books' for the ICO, upfront... that's every bit as bad if not worse than what Bob & Co. did. It's certainly worse than what David and Steven did - and I'm far from absolving them of blame (but they do seem to be more on the side of 'stupid' rather than 'crooked' in all this).
100% transparency of communication
The cat's already out of the bag... so let's have the un-edited logs from all parties in one pastebin. Since at least Steven and David are still involved (and I presume Lin is as well)... should be simple enough to have 2/3 party confirmation on their validity. Not that I think it will help the price any... but better to go to 1 sat now - and get all the time-bombs out at once - than get further down this rabbit-hole only to find another 3 waiting to trash everything again! (Naturally the timeline for this is NOW... if it can't be done in the next hour, then it's likely to be every bit as doctored as Bob's are.
Proof of backing - preferably 3rd party escrow/trust
Since the value of the coins themselves is currently garbage, and a big chuck of the BTC was either stolen/extorted (call it whatever you want, it's gone) - how much of the funds remain, and under what circumstances can they be used? The investors' BTC was exchanged for 'hope-tokens' on the belief that our BTC was being used to fund development of the coin, establish hedging, marketing costs, and later on perhaps pegging. So where are you getting the requisite funds to do that now?!? I'm sure I speak for most (even those rabidly supportive still) when I say that it would probably not be the best thing to still have you guys in charge of the 'money side' of this operation... I could see a homeless man convincing you he was the CEO of Citibank at this point possibly.
There's a hundred more likely questions - and to be honest, I'm out and not likely to be investing so much as a dime in this again - even after the markets are here. Not to say I won't use those markets if the actually do occur - but I'm definitely not holding my breath or doubling down on a team that made this many critical mistakes in judgement before even getting to the starting line.
Are Bobsurplus/Gekko & Co. a bunch of criminals? Certainly. Is Lin guilty of fraud, money laundering, and theft if he used so much as a single 'phantom-satoshi' let alone multiple BTC to falsify volume/sales and accumulate free BAY? Completely. However, there is such a thing as guilt by association - and even if there was absolutely nothing else criminal on the David/Steven side... that's enough for me to write off my losses and walk.
Sad day guys... in reality the damage you all have helped perpetrate against cryptocurrency in general by your actions, is more disgusting than the petty crimes involved in this directly.
All these sheeples are throwing their lives away on this coin. "Bitcoin Dev" is not a dev, he is chinese mobster Steven who already stole their money. BTer Lin who also stole their money and engineeered massive fraud in the ICO through fake buys on BTer owns another 20% of this coin. There are enough "free" coins in circulation that the price will never recover towards IC0. It is just a magic piggy bank for these chinese guys for the next 6 months - as long as they can keep the "community" believing in this fairy tale.
And now there is talk of "forking" the coin - and David says he is "looking" at this? Sheeze. This gets scammier and scummier every day. I don't see David talking about the chinese mobsters returning their coins.
It's all a scam, a fake out. They have everyone thinking that 'cuz Bob left the danger is over. I got news for them. Bob hasn't left. Check the charts. It ain't there. Those coins are also waiting to rain down on them.
Anyone who still 'believes' in this thing seriously needs to get some fresh air and perspective.
And now there is talk of "forking" the coin - and David says he is "looking" at this? Sheeze. This gets scammier and scummier every day. I don't see David talking about the chinese mobsters returning their coins.
It's all a scam, a fake out. They have everyone thinking that 'cuz Bob left the danger is over. I got news for them. Bob hasn't left. Check the charts. It ain't there. Those coins are also waiting to rain down on them.
Anyone who still 'believes' in this thing seriously needs to get some fresh air and perspective.
Finally... someomne who gets it!
A lot of people gets it. A few simply refuse. They like it deeper and more painful. I guess there has to be all kinds.
But everyone, no exceptions, gets you BOB. And you will hang by your balls, I am pretty pretty sure.
All these sheeples are throwing their lives away on this coin. "Bitcoin Dev" is not a dev, he is chinese mobster Steven who already stole their money. BTer Lin who also stole their money and engineeered massive fraud in the ICO through fake buys on BTer owns another 20% of this coin. There are enough "free" coins in circulation that the price will never recover towards IC0. It is just a magic piggy bank for these chinese guys for the next 6 months - as long as they can keep the "community" believing in this fairy tale.
And now there is talk of "forking" the coin - and David says he is "looking" at this? Sheeze. This gets scammier and scummier every day. I don't see David talking about the chinese mobsters returning their coins.
It's all a scam, a fake out. They have everyone thinking that 'cuz Bob left the danger is over. I got news for them. Bob hasn't left. Check the charts. It ain't there. Those coins are also waiting to rain down on them.
Anyone who still 'believes' in this thing seriously needs to get some fresh air and perspective.
And now there is talk of "forking" the coin - and David says he is "looking" at this? Sheeze. This gets scammier and scummier every day. I don't see David talking about the chinese mobsters returning their coins.
It's all a scam, a fake out. They have everyone thinking that 'cuz Bob left the danger is over. I got news for them. Bob hasn't left. Check the charts. It ain't there. Those coins are also waiting to rain down on them.
Anyone who still 'believes' in this thing seriously needs to get some fresh air and perspective.
Finally... someomne who gets it!
All these sheeples are throwing their lives away on this coin. "Bitcoin Dev" is not a dev, he is chinese mobster Steven who already stole their money. BTer Lin who also stole their money and engineeered massive fraud in the ICO through fake buys on BTer owns another 20% of this coin. There are enough "free" coins in circulation that the price will never recover towards IC0. It is just a magic piggy bank for these chinese guys for the next 6 months - as long as they can keep the "community" believing in this fairy tale.
And now there is talk of "forking" the coin - and David says he is "looking" at this? Sheeze. This gets scammier and scummier every day. I don't see David talking about the chinese mobsters returning their coins.
It's all a scam, a fake out. They have everyone thinking that 'cuz Bob left the danger is over. I got news for them. Bob hasn't left. Check the charts. It ain't there. Those coins are also waiting to rain down on them.
Anyone who still 'believes' in this thing seriously needs to get some fresh air and perspective.
And now there is talk of "forking" the coin - and David says he is "looking" at this? Sheeze. This gets scammier and scummier every day. I don't see David talking about the chinese mobsters returning their coins.
It's all a scam, a fake out. They have everyone thinking that 'cuz Bob left the danger is over. I got news for them. Bob hasn't left. Check the charts. It ain't there. Those coins are also waiting to rain down on them.
Anyone who still 'believes' in this thing seriously needs to get some fresh air and perspective.
Motherfucker even looks like a rat.
Then Gekko slams my name all over it, his buddy Rob comes in and starts throwing my name around haphazardly and i didnt know shit until the ICO was even going on.
And the people I was protecting was literally everyone, not only myself but investors, Steven etc.
The reason I protected Steven was because he was the only one honoring his word and paying for things.
Gekko and Bob only knew how to ask for money and extort from others.
The exact reason for this is because they paid a FUD team to say exactly what is being said here.
And the people I was protecting was literally everyone, not only myself but investors, Steven etc.
The reason I protected Steven was because he was the only one honoring his word and paying for things.
Gekko and Bob only knew how to ask for money and extort from others.
The exact reason for this is because they paid a FUD team to say exactly what is being said here.
As I see this mess after a quick reading, in short:
Bob and his merry bunch got out with scammed BTCs, BTER got their transaction fees? while David has been left holding the BitBay bag.
Bob and his merry bunch got out with scammed BTCs, BTER got their transaction fees? while David has been left holding the BitBay bag.
You are quite wrong indeed. Here is the breakdown:
Step 1: Steve knew David for over one year, they decided to make coin together to helps pay for David's debt. Steven (Chinese) has connections to Bter.
Step 2: Clone BlackCoin and copy BlackHalo to get investors money.
Step 3: They contacted Bob and his team to make their plan a success.
Step 4: Try to "protect the partners involved" to hide the scheme created by Zimbeck. Maybe nobody will find out?
Step 5: Pump the price and exit with all the free BitBay. Bobs revelation has prevented David from unloading, but he still will and plans to (or has he already?).
To anyone keeping track, David has been clearly lying and doing anything to cover his tracks, misleading words, and deception. Nobody should feel bad for him. He is the ring leader here and now he's upset because Bob made faster "moves" on the chess board. Zimbeck, the FUD is real this time. You have implicated yourself and have been clearly deceptive over the entire process. Many were burned in this scheme, including all of Bob's puppets (gekko, investors, your supporters, and most of the shills here). Whenever you try to point the finger is when it is time to look in the mirror. The "grand chess master" has been exposed for his greed.
BULLSHIT
[11/3/2014 6:14:44 PM] crypto.gekko: a coin is just a coin without a good developer.
[11/3/2014 6:14:52 PM] David Zimbeck: not at all good for my reputation
[11/3/2014 6:15:24 PM] crypto.gekko: This is what an investor is banking his money on. Your skills.
[11/3/2014 6:15:36 PM] David Zimbeck: yeah but somebody else profits
[11/3/2014 6:15:37 PM] crypto.gekko: Otherwise it's best to pay you for the work only.
[11/3/2014 6:15:39 PM] David Zimbeck: by using my name
[11/3/2014 6:15:51 PM] crypto.gekko: you are not the only one behind the coin.
[11/3/2014 6:16:04 PM] crypto.gekko: There will be an entire team behind you.
[11/3/2014 6:16:22 PM] David Zimbeck: yeah but that doesnt matter in the ICO phase
[11/3/2014 6:16:33 PM] crypto.gekko: That doesn't make sense to me
[11/3/2014 6:16:34 PM] David Zimbeck: you guys can just make a lot of BTC off the hype
[11/3/2014 6:16:48 PM] crypto.gekko: we could, sure. but that's not what this is about
[11/3/2014 6:16:53 PM] David Zimbeck: yes it is
[11/3/2014 6:17:00 PM] crypto.gekko: im sorry to hear that
[11/3/2014 6:17:19 PM] David Zimbeck: my name was used in the past by another coin
[11/3/2014 6:17:33 PM] David Zimbeck: and it was just to profit off my name
[11/3/2014 6:17:43 PM] crypto.gekko: The goal is bring this coin into the top 10 marketcap. We have the money and connections to do that.
[11/3/2014 6:17:49 PM] David Zimbeck: those kind of things are bad for me if I ever decide to start my own coin
[11/3/2014 6:18:06 PM] crypto.gekko: I would personally like this to be your coin.
[11/3/2014 6:18:52 PM] David Zimbeck: ok so i can attach my name to the coin if i get the btc up front
[11/3/2014 6:19:19 PM] crypto.gekko: Surely. And I'm willing to work with you in any way to make you happy.
[11/3/2014 6:19:25 PM] David Zimbeck: ok
[11/3/2014 6:20:13 PM] crypto.gekko: 30k is a lot of money, but I know your tech and support is worth every penny. Working together, the development is real and the money is real too.
[11/3/2014 6:20:26 PM] David Zimbeck: i believe my tech is worth a lot more
[11/3/2014 6:20:36 PM] David Zimbeck: i have turned down 30K before
[11/3/2014 6:21:03 PM] crypto.gekko: That's why our continued relationship would only bring more rewards.
[11/3/2014 6:21:07 PM] David Zimbeck: yeah
[11/3/2014 6:21:11 PM] David Zimbeck: thats the point
[11/3/2014 6:21:16 PM] David Zimbeck: im loyal everyone knows that
[11/3/2014 6:21:34 PM] crypto.gekko: The coin will have a large development pool. As you spend time to develop into the future, that money goes to you of course.
[11/3/2014 6:21:36 PM] David Zimbeck: you get more than you pay for
[11/3/2014 6:21:45 PM] David Zimbeck: since i can help your entire team
[11/3/2014 6:21:57 PM] crypto.gekko: indeed
[11/3/2014 6:22:21 PM] crypto.gekko: So what is the best way to move forward in your opinion?
[11/3/2014 6:22:45 PM] David Zimbeck: that all depends on you guys
[11/3/2014 6:22:57 PM] David Zimbeck: you know your schedule
[11/3/2014 6:23:14 PM] David Zimbeck: I can give you guys an address
[11/3/2014 6:24:09 PM] crypto.gekko: If you have trust in Lin and Steve and you are truly interested in making BitBay your "baby". I see no reason why you sholdnt take the bull by the horns.
[11/3/2014 6:24:36 PM] crypto.gekko: Otherwise, I will need to hire multiple devs and pay them as needed. You being one of them for your technology.
[11/3/2014 6:25:00 PM] David Zimbeck: I'm already doing that
[11/3/2014 6:25:13 PM] David Zimbeck: I work on Halo every day
[11/3/2014 6:25:33 PM] crypto.gekko: I think I have a better grip on the situation now.
[11/3/2014 6:26:04 PM] David Zimbeck: Basically when I wake up, I code. Then eat and sleep.
[11/3/2014 6:26:07 PM] David Zimbeck: lmao
[11/3/2014 6:26:27 PM] David Zimbeck: i also am training devs here in cambodia
[11/3/2014 6:26:28 PM] crypto.gekko: I do the same, but basically help other coins to make their tech a reality.
[11/3/2014 6:26:36 PM] David Zimbeck: i can train any of Lin or Steves devs
[11/3/2014 6:27:04 PM] crypto.gekko: Is the cost of that included in your initial payment?
[11/3/2014 6:27:20 PM] David Zimbeck: depends on what they ask me Cheesy
[11/3/2014 6:27:31 PM] crypto.gekko: So we will need to create a contract.
[11/3/2014 6:27:45 PM] David Zimbeck: A real contract on paper?
[11/3/2014 6:27:59 PM] crypto.gekko: Digital contract or smartcontract if needed.
[11/3/2014 6:28:21 PM] crypto.gekko: The details of which I will discuss when I meet with Steve and Lin in China next week.
[11/3/2014 6:28:53 PM] David Zimbeck: Just draft a contract on paper
[11/3/2014 6:29:07 PM] crypto.gekko: Sure, I'm fine with a simple record of notary.
[11/3/2014 6:29:18 PM] David Zimbeck: most important, i dont want my name attached to the project until the btc funds
[11/3/2014 6:29:30 PM] David Zimbeck: once it funds you can use my name
[11/3/2014 6:29:38 PM] crypto.gekko: that seems more a matter of trust to me
[11/3/2014 6:29:40 PM] David Zimbeck: i just wanted to make sure my name is not used for profit
[11/3/2014 6:30:03 PM] David Zimbeck: because it could harm my reputation otherwise
How many Bitbay threads there are in this forum? 
It seems theirs...
It seems theirs...
Since ICO's will no longer work for this bunch, and most people (sheep) won't invest in new coins that are probably 99.9% vaporware so traditional P&D methods won't work, I think I've figured out the next trend in crypto scamming. With the help of their close friend developer, they will take over an established coin that has been deserted. Buy on the cheap as the reigns are turned over to them, and then pump it with the development from other coins in their system.
This is where the future is.
https://bitcointalksearch.org/topic/m.9821349
and that will make bagholders happy This is where the future is.
https://bitcointalksearch.org/topic/m.9821349
(that's why it isn't entirely a good idea for p&d scammer, because every bagholder will dump on them...) Not if they own the majority of the coins on the market. By this point many of the heavy bagholders are out. I guess it would depend on the overall popularity of the coin before it lost it's initial dev, and the coin count. If it's small enough, it would be pretty easy.
Since ICO's will no longer work for this bunch, and most people (sheep) won't invest in new coins that are probably 99.9% vaporware so traditional P&D methods won't work, I think I've figured out the next trend in crypto scamming. With the help of their close friend developer, they will take over an established coin that has been deserted. Buy on the cheap as the reigns are turned over to them, and then pump it with the development from other coins in their system.
This is where the future is.
https://bitcointalksearch.org/topic/m.9821349
and that will make bagholders happy This is where the future is.
https://bitcointalksearch.org/topic/m.9821349
(that's why it isn't entirely a good idea for p&d scammer, because every bagholder will dump on them...) 
Who is this? A picture of one of the fraudsters? I was curious about bay a while ago... just catching up on the drama.
So is this project/site legit or is it another scam? seems this thread has mixed emotions.
Where did you find mixed emotions? Maybe just some people trying to calm themselves because they realised they have invested recklessly. Jump to: