BitsharesX scam, the level of scam will be bigger, Nose dive imminent

delulo

sr. member

Activity: 441

Merit: 250

Quote from: ?? on ??

Quote from: delulo on September 15, 2014, 05:39:52 AM

I went through the thread again and there was not a single argument WHY it is a scam. The quality of the discussion here is so embarrassingly low. There is a critical discussion on the concepts on the bitshares forum here https://bitsharestalk.org/index.php?board=3.0

It is indeed a financial experiment, if you dont want to take any risk, stay away from it. But don't call it a scam. Bitcoin was also an experiment.

There is a huge team of BitShares developers in Blacksburg, Virginia which are all publicly known. There are well known and respected supporters. Bo Shen, who is a founding member of the Bitcoin Foundation in China, is a supporter and member of the BitShares team. http://bitcoinmagazine.com/about-us/

So please join the discussion and bring up critical points why this all might not work. But don't be so blunt to call it a scam! The market mechanisms are definitely complex and doubts are justified why it could not work, like with any experiment. But not everything you can not intellectually comprehend is a scam.

uh oh!

Is there some link to the CIA here?!

Google blacksburg and cia,,,

yep run from this one

All I found was that the CIA is recruiting in Blacksburg / at Virginia Tech. That is it?

Daniel Larimer from BitShares is the biggest libertarian / anti cia guy I can think of : http://vimeo.com/101728224

Do your own research and drop your ideology and abstruse theories.

Atomicat

legendary

Activity: 952

Merit: 1002

Quote

Duh post.

It started trading at 2000 sats. Now its at 8000.. So how is it that no one can make any money? sounds like u r butt hurt about some coin you invested in.

*sigh* This is why the financial markets are so fucked up.

delulo

sr. member

Activity: 441

Merit: 250

I went through the thread again and there was not a single argument WHY it is a scam. The quality of the discussion here is so embarrassingly low. There is a critical discussion on the concepts on the bitshares forum here https://bitsharestalk.org/index.php?board=3.0

It is indeed a financial experiment, if you dont want to take any risk, stay away from it. But don't call it a scam. Bitcoin was also an experiment.

There is a huge team of BitShares developers in Blacksburg, Virginia which are all publicly known. There are well known and respected supporters. Bo Shen, who is a founding member of the Bitcoin Foundation in China, is a supporter and member of the BitShares team. http://bitcoinmagazine.com/about-us/

So please join the discussion and bring up critical points why this all might not work. But don't be so blunt to call it a scam! The market mechanisms are definitely complex and doubts are justified why it could not work, like with any experiment. But not everything you can not intellectually comprehend is a scam.

overvalued

member

Activity: 64

Merit: 10

BTS is scam or not.It doesn't matter for me.All alt coins are merely a speculation tool.

delulo

sr. member

Activity: 441

Merit: 250

Quote from: Spoetnik on August 26, 2014, 11:06:52 AM

The first day i seen the first scam called an IPO i rolled my eyes so hard they bled for days..
then came the "Shares" Roll Eyes

they also tried various other variations of scam and terminology like "Angel Investing" etc.

what we had is guys who had previous Stock Market experience or knowledge try and apply shit from there over into the Altcoin scene..

one problem..

This is an unregulated Free (for all) Market !

If this had similar regulations there woudl be an awful lot of people doing severe jail time with massive fines.
ALA, Berni Madoff or Martha Stewart style.. jail time (for running a Ponzi Scheme or Insider trading)

The bullshit IPO scams and Shares shit are NOT applicable to our situation and are ripe for abuse.
It's simply ridiculous people get involved in them and place themselves in a position where they have to defend this nonsense.
Silly greedy clowns trying to justify bad behavior.. for money $$$

If their various similar schemes were superior why didn't we all do that in the first place ?
WHY ?
because they are far worse of a system.

A POS coin has to be distributed somehow. It's best done via a a donation fundraiser (since it is no IPO in a legal sense) in order to hire a lot of skilled developers who can innovate. http://bitshares.org/community/team/
You also may want to read this http://wiki.bitshares.org/index.php/Distributed_Autonomous_Company

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

The first day i seen the first scam called an IPO i rolled my eyes so hard they bled for days..
then came the "Shares" Roll Eyes

they also tried various other variations of scam and terminology like "Angel Investing" etc.

what we had is guys who had previous Stock Market experience or knowledge try and apply shit from there over into the Altcoin scene..

one problem..

This is an unregulated Free (for all) Market !

If this had similar regulations there woudl be an awful lot of people doing severe jail time with massive fines.
ALA, Berni Madoff or Martha Stewart style.. jail time (for running a Ponzi Scheme or Insider trading)

The bullshit IPO scams and Shares shit are NOT applicable to our situation and are ripe for abuse.
It's simply ridiculous people get involved in them and place themselves in a position where they have to defend this nonsense.
Silly greedy clowns trying to justify bad behavior.. for money $$$

If their various similar schemes were superior why didn't we all do that in the first place ?
WHY ?
because they are far worse of a system.

devphp

sr. member

Activity: 336

Merit: 260

Let's wait for a bail out.

cexylikepie

hero member

Activity: 779

Merit: 500

yesterday the buy walls were greatly outnumbering the sell walls, today it looks like a sea of red next to a tiny blip of blue.

tianshi

full member

Activity: 126

Merit: 100

I don't care BTS is scam or not coz i have earned money with BTS.i have sold out Wink

griffinriz

sr. member

Activity: 476

Merit: 250

Price is dropping, BTT threads affect?

testz

legendary

Activity: 1764

Merit: 1018

Quote from: superresistant on August 26, 2014, 09:23:48 AM

Quote from: ?? on ??

Quote from: testz on August 26, 2014, 05:33:14 AM

Everybody can read http://wiki.bitshares.org/index.php/BitShares_X and make decision himself.

I have read, my opinion is don't stay away, run from it.

run

Probably you read this as well: http://prestonbyrne.com/2014/08/24/what-goes-up

From Above

hero member

Activity: 700

Merit: 520

Quote from: superresistant on August 26, 2014, 09:23:48 AM

Quote from: ?? on ??

Quote from: testz on August 26, 2014, 05:33:14 AM

Everybody can read http://wiki.bitshares.org/index.php/BitShares_X and make decision himself.

I have read, my opinion is don't stay away, run from it.

run

lol u guys need article of mentally retarded lawyer to make ur point weaklings ?

didnt u see day one this is a ponzi scheme like NxT tryin to suck in dem investors? LOL low so low. i wuldnt be surprised if bitshare is same with nxt in the bed. BiTshares=NxT. fucking ponzi thieves sucking in poor ppl with ur garbage waste just leave go bye !

~CfA~

superresistant

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Activity: 2142

Merit: 1131

Quote from: ?? on ??

Quote from: testz on August 26, 2014, 05:33:14 AM

Everybody can read http://wiki.bitshares.org/index.php/BitShares_X and make decision himself.

I have read, my opinion is don't stay away, run from it.

run

sumantso

legendary

Activity: 1050

Merit: 1000

Bitshares is the real deal. You can either get into it or kick yourself for ever; just don't come back crying later. I made a similar post long back asking people to get into AGS/PTS, and it seems there are enough criers now who missed it.

I am waiting for a crash to get more, so FUD away all you want.

MisO69

legendary

Activity: 1946

Merit: 1005

My mule don't like people laughing

Quote from: ?? on ??

Quote from: MisO69 on August 26, 2014, 08:42:45 AM

Quote from: QSTproducts on August 26, 2014, 05:42:49 AM

Quote from: testz on August 26, 2014, 05:33:14 AM

Everybody can read http://wiki.bitshares.org/index.php/BitShares_X and make decision himself.

This is a nice long explanation of the trap they have created no average Joe can ever profit,

Only the coders of the software will take advantage of the people who are unfortunate enough to fall into their trap,

You Money will be taken away from you be warned, there is no way you can take out more than you ever put in on BitsharesX

BE WARNED

Duh post.

It started trading at 2000 sats. Now its at 8000.. So how is it that no one can make any money? sounds like u r butt hurt about some coin you invested in.

maybe because some ppl still have moral principles to stay away from clearly dubious, money-grabbing schemes

I have morals and feel that Bitshares is the real deal. Monero on the other hand has no usefulness anymore. I suggest you dump your XMR and buy into BTSX.

TinEye

hero member

Activity: 639

Merit: 500

Quote from: ?? on ??

Quote from: MisO69 on August 26, 2014, 08:42:45 AM

Quote from: QSTproducts on August 26, 2014, 05:42:49 AM

Quote from: testz on August 26, 2014, 05:33:14 AM

Everybody can read http://wiki.bitshares.org/index.php/BitShares_X and make decision himself.

This is a nice long explanation of the trap they have created no average Joe can ever profit,

Only the coders of the software will take advantage of the people who are unfortunate enough to fall into their trap,

You Money will be taken away from you be warned, there is no way you can take out more than you ever put in on BitsharesX

BE WARNED

Duh post.

It started trading at 2000 sats. Now its at 8000.. So how is it that no one can make any money? sounds like u r butt hurt about some coin you invested in.

maybe because some ppl still have moral principles to stay away from clearly dubious, money-grabbing schemes

Not really, all those who miss out start claiming the moral high ground.
There is always the next time for you when there is a huge correction.

MisO69

legendary

Activity: 1946

Merit: 1005

My mule don't like people laughing

Quote from: QSTproducts on August 26, 2014, 05:42:49 AM

Quote from: testz on August 26, 2014, 05:33:14 AM

Everybody can read http://wiki.bitshares.org/index.php/BitShares_X and make decision himself.

This is a nice long explanation of the trap they have created no average Joe can ever profit,

Only the coders of the software will take advantage of the people who are unfortunate enough to fall into their trap,

You Money will be taken away from you be warned, there is no way you can take out more than you ever put in on BitsharesX

BE WARNED

Duh post.

It started trading at 2000 sats. Now its at 8000.. So how is it that no one can make any money? sounds like u r butt hurt about some coin you invested in.

Fernandez

legendary

Activity: 1008

Merit: 1000

Quote from: kelsey on August 26, 2014, 07:08:28 AM

often the bigger the scam the better they do, controversy gets people talking all the talk is good advertisement, and as the old saying goes there is no such thing as bad advertisement.

imo outside of btc/ltc all the pointy end of the coins listed on coinmarketcap are scams Lips sealed

By your standards LTC itself should be pretty much a scam. Provides nothing over BTC, was somewhat interesting due to GPU but even that is gone now.

In short everything except BTC is a scam Roll Eyes

devphp

sr. member

Activity: 336

Merit: 260

Quote from: kelsey on August 26, 2014, 07:08:28 AM

imo outside of btc/ltc all the pointy end of the coins listed on coinmarketcap are scams Lips sealed

Yeah yeah, and Wall Street is just dying to get in on LTC trading because its creator is not an incognito, we heard your story Grin

But guess what, creators of Bitshares are not an incognito either, and they offer tools that Wall Street boys would sure love to play with. Where does that leave your beloved Litecoin now? Grin

kelsey

legendary

Activity: 1876

Merit: 1000

often the bigger the scam the better they do, controversy gets people talking all the talk is good advertisement, and as the old saying goes there is no such thing as bad advertisement.

imo outside of btc/ltc all the pointy end of the coins listed on coinmarketcap are scams Lips sealed

Topic: BitsharesX scam, the level of scam will be bigger, Nose dive imminent (Read 6415 times)