Topic: BitBay | Decentralized Marketplace | Unmoderated Thread - page 35. (Read 52771 times)

Thanks for the heads up. I was planning on buying some at 10 satoshi but now even that seems expensive. Will now proceed to cancel my bids.

Are you saying Bob finally scammed his group as well?

how to deal with
is only We just have to prove together which and who's the true
time will tell
so for the king of fuder @altcoin uk
we will see together,
no need to talk anymore
I'm going to challenge of you personally if you gentlemen

I posted this in the moderated BAY thread and for some strange reason it was deleted. I will just leave it here instead.

All of the positive posts about BAY in this thread come from the few remaining hopeful members of our pump and dump group that were promised BAY was going to go to the moon a month ago. Most of the bitcoin from the ICO went directly in to bob's pocket. He does not care what happens to the rest of us, he is already rolling in profit. How do you guys in our group (you know who you are) plan to get out of this coin at even break even now? It is quite obvious that there is no outside interest in this coin, all of the volume has come from within our group itself. The legitimate investors have gotten wise to these scams, they are not going to be here to pump up the price for you and take the bags out of your hands this time. It's funny, every time bob mentions there might be a pump, you guys get a massive hard on for bay, the thread starts getting bumped frequently, the buys pick up in anticipation for the pump, then what happens? You get dumped right in to, again and again from bob himself, because you are fools that keep believing every word that he says. You guys are a joke. If you still believe his bullshit, you deserve to lose your coins. I am extremely happy that I stayed the fuck out of this one. I came very close to going all in with what I earned from previous pumps with this group, good thing I didn't get blinded by greed like the rest of you.

Sure i can clarify this, the original offer for the license was 100 BTC and that was increased during the ico there was an extra 91 which a portion of that was supposed to go towards developing which i was fine with some of it was moved into a joint dev fund only 20 btc. They were supposed to set up a 5 of 5 multisig for that but they never did. I still have the difference set aside on my end.

Personally, I am not "out for a lower price" and I do not have any agendas. I am just pointing out on an Internet forum that is by definition here to discuss digital currency matters that the Bitbay operation is a scam. I am sure you would agree, that the only logical explanation for the scale of dump is that only the Bitbay team who bought their own ICO has the incentive to dump at 1/3rd of the ICO price.

Some posts that were deleted by the scammers.
 

That's not logical and also shows you are out to lower the price rather that legitimately call this out as a scam. The only correct answer would be its a scam.

How can it be overpriced if the project is legit and therefore is gunning to be a decentralised ebay? That makes the marketcap of 3,000btc pocket change compared to the potential a semi popular decentralised trading site is worth. Surely we could be talking billions if popular.

I guess you could say you've shown your hand if we were playing poker.

I think we have an issue here :-)))  Since I have a very different figure from David, David Zimbeck was either not truthful with you or me. I have a lot higher payment figure than the 100 BTC you mentioned. It would be great to get clarification from David how much he received for "licensing" and developing the software. I never asked him how much here received, you never asked him as well, but since here revealed it and the figures are different it would be great to get some transparent clarification from him - mainly to establish his trustworthiness.

I would disagree on Bob. Once he advertise that he is buying, up to this date never happened that he buys - when he says he buys in fact he is dumping already. I don't see why this natural method of a P&D operator would be different with Bitbay.

Will it be open source? That will make it very interesting.

While I agree with Barabbas that the decentralized marketplace is a dead proposition, I don't question the tech and I have no doubt Zimbeck is going to release something, but the released software does not make the project legit. It's a fact that the majority of the ICO was bought by the Bitbay team and that makes this project not legit.

You need one of these

Buy them cheap. Instead of wasting money on the overpriced ICO I can have 5-10 times the number by buying at a later time.

What are you guys going to do when this project turns out to be legit?

The scam is not epic at all. It is a total failure, as a matter of fact and when all is said and done and BTER is paid their commission, they will probably be in the hole after having paid Zimbeck his 100BTC and 20 million BAY (which he won't be able to cash for anything of significance. I am going to guess that no more than 300BTC -and quite probably much less- was sole between 250-300 sat. And they have had a few expenses. Plus BTER charges commission whether they are in on the back end deal or not, so the "chinese" guy is in for a very rude awakening when this goes to 25 sat well before Christmas and declared technically dead before the new year.

Not to mention that Zimbeck still has to come up with some semblance of a marketplace before BTER releases the final 33%.

So no, as far as scams go, even the guys at XBOT got close to 100 BTC clean. This guys will more than  probably end in the red.

As for Bobsurplus, I don't believe he is in on this one... yet. Now he's trying to get people to bet on a price and, supposedly, he will bet on a higher price than anyone. It could be interested because this will be another scam, quite a different one... and a very risky one... unless the "chinese" fully participates, because while Bob buy massively, the "chinese" will be dumping like mad (unless he is in on it). If "he" is in on it -most likely- it sounds like a master stroke as scams go because a lot of people will believe in Bob pump -with good reason, for it will be real- and would want to participate on the run up.

Now, if that materializes, it is going to be quite epic with both the "chinese" and Bob dumping on the people (after collecting the bets, of course). Macchiavelian scheme and scam, indeed. Needless to say, I'll be watching every step of the way.

The scam is epic and the scammers are entered into panic mode, they delete all posts like this:

LoL

It seems the dump is urgent for Bob & Co., Bob and the great Bitbay team (you know Nicos from Russia who loves dog and Holly from Taiwan who has a family, but their professional profile can't be revealed as an alleged NDA in place) dump the thing at 110 satoshies.

Epic scam indeed - just as we said it will be.

Just for the records, the post that was deleted from the official thread.

So who is the FUDDER now? Or more precisely the real question is, who is the irrational now?

Are you still defending that operation which organizers bought into the ICO and then collected the investment from Bter and then they can sell the coins at any price? Since the scammers received the 66% of the ICO and there is no doubt they will receive the remaining 34% - as David will meet with the release coniditons -, any coins dumped by the organizers of this scam at any price is a risk free pure profit. Doesn't matter if they sell at 20 satoshies, it will be a pure profit.

I think you start to understand the nature of Bitbay operation my boy :-)))