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Topic: Flag - "CryptoSparks" - page 6. (Read 1800 times)

legendary
Activity: 3318
Merit: 2008
First Exclusion Ever
September 25, 2019, 07:51:30 AM
#31
How many times do you I have to tell you that this isn't a court of law? Stop using terms like "innocent" and "guilty." Nobody here is thinking along those lines except for you. The fact stands you didn't even oppose the flag or try to work with theymos' new system. If you don't like it, cry to him about it, not us.

In short it seems as if you're intent on being the new resident Reputation troll.

As many times as you need to feel better about yourself I suppose.

Innocent and guilty are very simple terms with clear meaning even outside of the legal system. Your semantic dance does nothing to change the fact that you have come to a conclusion first based on suspicion alone and are demanding that your suspicions be proven wrong rather than presenting actual evidence of malfeasance. This system of rule is the hallmark of totalitarians and dictators throughout history, and always results in many many more victims as those making the accusations almost never have any accountability if they are wrong. People aren't going to respect a system that is so arbitrary and open to abuse, resulting in even less people willing to play by the rules, thus creating even more breakdown of the community and people more willing to cheat and steal.

I am absolutely working within Theymos's system, and furthermore I was one of the primary proponents of him introducing a standard of evidence of theft, contractual violation, or violation of applicable laws of which this new system is based upon in order to help prevent exactly these kind of arbitrary accusations. You and your mob buddies are the ones not working within the system and are intent on raising your own profiles at the expense of the overall community which you pick out of a hat one by one to accuse.

This accusation is especially retarded as cryptocurrency is inherently a risky endeavor, let alone trading. You are attempting to enforce a standard that no one using a similar business model could ever meet. In effect you are dictating to this user what trading practices he may or may not use rather than bringing evidence of wrongdoing on their part. You might as well start tagging every gambling service if this is your standard of evidence. You and your wannabe internet police friends are the Bitcoin version of "permit Pattie." This is exactly what many people turn to cryptocurrency to escape, and here you are stripping that ability to have privacy, independence, and voluntary trade without 3rd party interference.
copper member
Activity: 686
Merit: 39
September 25, 2019, 05:42:26 AM
#30
People can understand who is the liar don't worry.

I think that's the truest thing you've ever said. Congratulations on your new start.

Thanks, now go spamming casinos for the good of the people, you KING!
legendary
Activity: 3010
Merit: 8114
September 25, 2019, 05:35:28 AM
#29
People can understand who is the liar don't worry.

I think that's the truest thing you've ever said. Congratulations on your new start.
copper member
Activity: 686
Merit: 39
September 25, 2019, 05:34:29 AM
#28
So now some ones innocence or guilt is determined by how many people defend them? This is the popularity contest I was speaking of previously in addition to the burden of being judged guilty until proven innocent. Not only do people have to prove themselves innocent to the mob, but if they don't grovel sufficiently it doesn't matter how much they prove  their innocence. Plenty of people have no one defend them even when they did nothing wrong simply based on the fact that they don't want to be the next target of the mob for daring to contradict them, exactly like is being done to FruitBasket.

How many times do you I have to tell you that this isn't a court of law? Stop using terms like "innocent" and "guilty." Nobody here is thinking along those lines except for you.

blah blah blah

Way to rearrange the debate to cut out replies I already made that addressed every single issue you now want to pretend is left hanging. Again, you are concentrating too heavily on deceit, ego and manipulation in order to promote your "service."

I've already invested far too much time in countering your lies. Try being truthful for a change.

People can understand who is the liar don't worry. Everytime i reply, i use knowledge, facts and reputable sources. While when you talk... is such a low level fud that is clear you can't even be that stupid, but you are driven by second interest.

Go hide under a rock instead of spamming casinos all day and faking interest in protecting people from losing btc.

legendary
Activity: 3010
Merit: 8114
September 25, 2019, 05:27:23 AM
#27
So now some ones innocence or guilt is determined by how many people defend them? This is the popularity contest I was speaking of previously in addition to the burden of being judged guilty until proven innocent. Not only do people have to prove themselves innocent to the mob, but if they don't grovel sufficiently it doesn't matter how much they prove  their innocence. Plenty of people have no one defend them even when they did nothing wrong simply based on the fact that they don't want to be the next target of the mob for daring to contradict them, exactly like is being done to FruitBasket.

How many times do you I have to tell you that this isn't a court of law? Stop using terms like "innocent" and "guilty." Nobody here is thinking along those lines except for you. The fact stands you didn't even oppose the flag or try to work with theymos' new system. If you don't like it, cry to him about it, not us.

In short it seems as if you're intent on being the new resident Reputation troll.

blah blah blah

Way to rearrange the debate to cut out replies I already made that addressed every single issue you now want to pretend is left hanging. Again, you are concentrating too heavily on deceit, ego and manipulation in order to promote your "service."

I've already invested far too much time in countering your lies. Try being truthful for a change.
copper member
Activity: 686
Merit: 39
September 25, 2019, 05:00:35 AM
#26
As always, first they yell scam/ponzi, give red trust, open flags.. all without having the necessary knowledge to understand the technical workflow of our business model or even 1 piece of evidence against us.

Then when they receive the answers, pooof. disappeared.

That's why "spineless".
Grin

Never bend the knees if you are running a legit business. Let the facts and your clients talk for your business and exploit the visibility that trolls give you.
Hopefully our story will teach something.  


As has been pointed out to you several times already, you are a habitual liar incapable of honestly representing yourself and your services. Despite your massive arrogance and litany of unsubstantiated, over-the-top claims, you've only managed to actually demonstrate that you've made winning trades equaling to $11 across the span of 20 days. Had you made these trades for you clients they would currently be sitting on a loss, thanks to owing you 30% of their profits + a $10 a month "VPN fee".

Why are you charging every client this fee anyway? The more clients you have, the less the fee should be for each one.

Every time you speak you raise more questions than you can provide answers for.

Your one defender in this thread didn't even bother to oppose the flag against you. Shows you how much support you actually have here.



I don't see cryptohunter err tecshare's name on here, do you?


Can anyone believe how ignorant a person can be ?  What he's assuming is that 33 wins in a row and +15% would have been a losing investment which is totally false because we require at least 100$ as starting bankroll. That would have been 5$ profit considering the 10$ of monthly vps fee. But is not that the point. The point is that trading is all about %. And we wouldn't have even taken 5$ as commissions since is basically equal to a btc transaction fee. Our pay in a similar situation would be a new happy client that after a positive month of testing is ready to deposit a bigger bankroll.

 I will just post the replies he already received.


Wow, you made $11.33 in 20 days, that's terrific!  Cheesy
Watch out everybody, a market maker star is born!  Wink

It would appear that the majority ALL of your trades were positive, so that is commendable.

However, if you charge your clients 30% of the profits + a $10 VPN fee, while conducting the same trades for them via API, that means they are sitting on a net loss of $2.40. Maybe you can squeak out a few more trades before the end of the month to put them back at a net zero.

Buddy why you can't accept we are legit?

The profits are in term of ROI %. With 100$ in the account you will never get rich with 20% per month on avg.
The 100$ mark exists so the entry barrier is low, the people can test it and if they like it they deposit a real bankroll

The higher the bankroll, the higher the profit. Is simple math.

MarketMaking with 100$ is a joke even though still profitable thanks to compound, people with very low bankrolls should try our upcoming swing trading
bot  Grin


Wow, you made $11.33 in 20 days, that's terrific!  Cheesy
Watch out everybody, a market maker star is born!  Wink

It would appear that the majority of your trades were positive, so that is commendable.

However, if you charge your clients 30% of the profits + a $10 VPN fee, while conducting the same trades for them via API, that means they are sitting on a net loss of $2.40. Maybe you can squeak out a few more trades before the end of the month to put them back at a net zero.
U have to think percentage wise lol. Anyway you are probably jealous and don' t know how his bot works and how Bitmex works.



The only ones that are at loss are the people that go betting by clicking on your signature. THE BTC you get paid everyweek come from REKT people. SHAME. SHAME. SHAME.
We earn ONLY on people's profits. You earn on people's rekts.

We don't even take the commissions if the amount is insignificant

Yet you have the ass-face to fake interest in protecting the naive users.  disgusting.
legendary
Activity: 3318
Merit: 2008
First Exclusion Ever
September 25, 2019, 04:48:59 AM
#25
As always, first they yell scam/ponzi, give red trust, open flags.. all without having the necessary knowledge to understand the technical workflow of our business model or even 1 piece of evidence against us.

Then when they receive the answers, pooof. disappeared.

That's why "spineless".
Grin

Never bend the knees if you are running a legit business. Let the facts and your clients talk for your business and exploit the visibility that trolls give you.
Hopefully our story will teach something.  


As has been pointed out to you several times already, you are a habitual liar incapable of honestly representing yourself and your services. Despite your massive arrogance and litany of unsubstantiated, over-the-top claims, you've only managed to actually demonstrate that you've made winning trades equaling to $11 across the span of 20 days. Had you made these trades for you clients they would currently be sitting on a loss, thanks to owing you 30% of their profits + a $10 a month "VPN fee".

Why are you charging every client this fee anyway? The more clients you have, the less the fee should be for each one.

Every time you speak you raise more questions than you can provide answers for.

Your one defender in this thread didn't even bother to oppose the flag against you. Shows you how much support you actually have here.



I don't see cryptohunter err tecshare's name on here, do you?

So now some ones innocence or guilt is determined by how many people defend them? This is the popularity contest I was speaking of previously in addition to the burden of being judged guilty until proven innocent. Not only do people have to prove themselves innocent to the mob, but if they don't grovel sufficiently it doesn't matter how much they prove  their innocence. Plenty of people have no one defend them even when they did nothing wrong simply based on the fact that they don't want to be the next target of the mob for daring to contradict them, exactly like is being done to FruitBasket.
legendary
Activity: 3010
Merit: 8114
September 25, 2019, 02:08:30 AM
#24
As always, first they yell scam/ponzi, give red trust, open flags.. all without having the necessary knowledge to understand the technical workflow of our business model or even 1 piece of evidence against us.

Then when they receive the answers, pooof. disappeared.

That's why "spineless".
Grin

Never bend the knees if you are running a legit business. Let the facts and your clients talk for your business and exploit the visibility that trolls give you.
Hopefully our story will teach something.  


As has been pointed out to you several times already, you are a habitual liar incapable of honestly representing yourself and your services. Despite your massive arrogance and litany of unsubstantiated, over-the-top claims, you've only managed to actually demonstrate that you've made winning trades equaling to $11 across the span of 20 days. Had you made these trades for you clients they would currently be sitting on a loss, thanks to owing you 30% of their profits + a $10 a month "VPN fee".

Why are you charging every client this fee anyway? The more clients you have, the less the fee should be for each one.

Every time you speak you raise more questions than you can provide answers for.

Your one defender in this thread didn't even bother to oppose the flag against you. Shows you how much support you actually have here.



I don't see cryptohunter err tecshare's name on here, do you?
copper member
Activity: 686
Merit: 39
September 25, 2019, 01:16:43 AM
#23
As always, first they yell scam/ponzi, give red trust, open flags.. all without having the necessary knowledge to understand the technical workflow of our business model or even 1 piece of evidence against us.

Then when they receive the answers, pooof. disappeared.

That's why "spineless".
Grin

Never bend the knees if you are running a legit business. Let the facts and your clients talk for your business and exploit the visibility that trolls give you.
Hopefully our story will teach something.  
copper member
Activity: 686
Merit: 39
September 21, 2019, 04:54:20 PM
#22
Well, just discovered this thread.

I would like to thank eddie13 and TECSHARE that at least approached my business with a doubt, and not the certainty of me being a scammer because "making money with bots and markets is impossible".

I won't go over the accusations posted in this thread because i replied to all of them in Meta, with knowledge,data and reputable sources.( just want to add that i never asked money to suchmoon, i asked her to deposit on her account and to test the bot for free, i would have paid her vps)

The point is clear to everyone, the rule is guilty until proven innocent, and once you prove yourself to be innocent.. that's not enough either.


I've posted every single trade since i opened the thread, they are collapsed because the same users that i roasted keep reporting all my post, and even though the ups are legit they get deleted if i don't collapse them. There is a public api key. There are 600 trades of backtest, which are mandatory for any serious bot. I'm sorry if i don't have 20 months of data in the demo account if the bot was made during august.

The funny thing is that not even a technical impossibility of scamming, 100% win rate, almost 30 real and accessible trades in less than 3 weeks, all the infographics, onepager ecc. were enough to avoid the scam and ponzi accusations.


I would also like to add... anything that is clearly not related to Arakne, is from a previous bot which is not a market maker but a swing trading bot that is no longer being offered.
Since Arakne is bulletproof, you had to dig up to a dead june thread to find something to attack . Also congrats, for promoting casinos in your signature while faking to be worried about other's safety. pathetic  

Lastly i would like to clarify by background, and why a translator popped out of nowhere with a bot that is publicly killing it.

When i started the translations jobs, i always pointed out that


I Only Deliver Top Quality Translations.
I'm a Freelance Designer and Indie Developer.



And i don't regret any of the ton shit of garbage i had to translate, firstly because i got a few gems that helped me out, secondly because that journey allowed me to build a lot of connections that last until these days. I don't get why the translation job is being discriminated, the pays are more or less equal to high rank signatures, but without being forced to post trash.



About FruitBaskets, he's a great guy and i thank him so much for the support. i know he's a dev, but he didn't had any part in the development of Arakne. He was lucky enough to see my thread very early and gave it a shot. His opinion is the only one that should matter, since he tested the bot since the very launch. If you see the screenshot balance he posted, his roi is even 5% higher than the demo account, simply because the demo got created 1 day after the launch and missed a trade.



Finally, i understand that there are so many fucking scams in here that everyone is just rushing to call for scam at any occasion.
I only asked for DYOR. I provided every kind of info or evidence possible because i knew this would have happened. Very few even read my thread, and is easily understandable by the feedback they left.

The meta thread was a trap for a very common animal living in this forum, and it worked partially.
I got a lot of attention, a bunch of people that started the testing with 100$ and even met an amazing user that surprising covered most of the 5 btc of funds we were looking for to manage on bitcointalk. Just to let you understand the level of this forum , the guy expressly said to leave his name out of the whole shitstorm because he's scared of people targetting his account too.
What didn't work is the amount of shit i received, now i always have to explain to people why i have all kind of red warnings   Grin

Bicointalk is dying slowly, most of smart people are gone... and don't fucking wonder why.
What is left is hunters spamming, trolls, lots of scammers, and big ranks promoting all kind of casino and games.
Ah, i forgot there are even girls you can pay for btc to have sex on skype, they are allowed to run their business though...

 

So what's next for Arakne and CryptoSparks?
For Arakne:
Since we reached our cap today, Arakne's subscriptions will be closed on monday, simply because there's the promo still on. But don't worry, API KEY will still be available and the trades will still be posted.

For CryptoSparks:
Roasting and Roasting on the horizon. Since Arakne is all set, on October you guys will be so lucky to see my second bot, Phoenix. If you though 500% roi in 20 months was impossible........... well.. don't wanna spoiler.  we will have so much fun  Grin

ps. i wonder why the other devs are on my side , while the opposition is made by pure ignorance.


hero member
Activity: 1680
Merit: 655
September 21, 2019, 03:39:39 PM
#21
THE BOT
The bot has been fully built from scratch by myself. It has 6 different algos running at once, 3 for breakouts and 3 for fast scalping. The algos talk to each other in order to make always the best decision. A trade is entered only when statistical data shows at least 80% winning rate. The bot is built with a strong money management system. Remember, a 100% winning rate is impossible, but a 80% with strong money management is more than enough to earn huge profits and exploit the compound effect. I can't guarantee a fixed amount of ROI since every month is different, but we never closed a month in loss.

He didn't exactly say the words "guaranteed returns" in his OP but this is the closest thing to it which is also promising the user he won't end the month with a loss. Of course this is enough for me to support the flag as well as give him my red tag. I just don't want the members here in the forum be fooled by these kinds of services, he also promised an 80% "winning rate" without showing any record or proofs with previous trades is absolutely unbelievable.
legendary
Activity: 3318
Merit: 2008
First Exclusion Ever
September 21, 2019, 10:01:11 AM
#20
Congratulations, you managed to type 4 paragraphs while saying nothing.

Just oppose the flag and be on with your day.

I don't have time to deal with another cryptohunter.

I see. So it is ok for you to run around making unsupported allegations, but supported allegations against your own behaviors are not acceptable. I think you need to prove to me you aren't involved in a protection racket because you seem to have a large ego and air of superiority.
legendary
Activity: 3010
Merit: 8114
September 21, 2019, 09:57:55 AM
#19
Congratulations, you managed to type 4 paragraphs while saying nothing.

Just oppose the flag and be on with your day.

I don't have time to deal with another cryptohunter.
legendary
Activity: 3318
Merit: 2008
First Exclusion Ever
September 21, 2019, 09:38:35 AM
#18
Perhaps I'd consider withdrawing my support after more evidence of his legitimacy has come to light.

Isn't this the exact opposite of the intended purpose of flags? I thought the evidence was supposed to be presented before supporting it, not create a conclusion and then build a narrative around it. You know, innocent until proven guilty, not your rep is toast until you can prove yourself/appease the mob.

No. The purpose of the flag system is to warn other users about potentially getting scammed. Nobody is saying anybody is "guilty" because this isn't a court of law. What we are saying is that this guy is demonstrating untrustworthy behavior and users should take caution before entrusting this person with their funds. So far he has put forward little to zero evidence that he can actually do what he is claiming to do. What he has put forward is a bunch of disjointed nonsense backed only by an outrageous ego and air of superiority.

Feel free to oppose the flag if you'd like.

You could warn others about being scammed before the flag system. The flag system was added to create some due process and a standard of evidence before accusations are lodged to stifle this exact kind of abuse.

Oh this isn't a court of law? No shit. The point is you are casting aspersions then trying to build evidence around your conclusion afterwords. You accuse, then demand he prove his innocence. That is exactly the standard of guilty until proven innocent. I should also point out the additional onerous standard of popularity contest that these accused people must cater to in addition to being forced to cater to these accusations. This is made evident by your comments about ego and an air of superiority. Who gives a fuck, is he a con artist or not?

You are all just running around forcing people to not only submit to your inquisition, but when they don't give you the proper amount of reverence you feel entitled to, then it doesn't matter what facts are presented because he refused to bend the knee and humble himself before the grand clown council.

You accuse him of having a huge ego, but this whole system is about projecting power and authority over the user base, and burning down anyone who refuses to kneel before you. This is nothing more than a protection racket that no one will speak up about because they are afraid of being targeted next.
legendary
Activity: 3010
Merit: 8114
September 21, 2019, 04:32:37 AM
#17
Perhaps I'd consider withdrawing my support after more evidence of his legitimacy has come to light.

Isn't this the exact opposite of the intended purpose of flags? I thought the evidence was supposed to be presented before supporting it, not create a conclusion and then build a narrative around it. You know, innocent until proven guilty, not your rep is toast until you can prove yourself/appease the mob.

No. The purpose of the flag system is to warn other users about potentially getting scammed. Nobody is saying anybody is "guilty" because this isn't a court of law. What we are saying is that this guy is demonstrating untrustworthy behavior and users should take caution before entrusting this person with their funds. So far he has put forward little to zero evidence that he can actually do what he is claiming to do. What he has put forward is a bunch of disjointed nonsense backed only by an outrageous ego and air of superiority.

Feel free to oppose the flag if you'd like.
legendary
Activity: 3318
Merit: 2008
First Exclusion Ever
September 21, 2019, 03:03:44 AM
#16
Perhaps I'd consider withdrawing my support after more evidence of his legitimacy has come to light.

Isn't this the exact opposite of the intended purpose of flags? I thought the evidence was supposed to be presented before supporting it, not create a conclusion and then build a narrative around it. You know, innocent until proven guilty, not your rep is toast until you can prove yourself/appease the mob.

Guys, I know its way satisfying to hunt down dirt bags, but in the process you are degrading this community to a standard of mob justice and might makes right. This atmosphere not only drives out honest users, it creates constant chaos and conflict which is a great way for scam artists to hide in by not only easily diverting attention, but making it a simple task to target honest users who are resisting corruption.

I know casting suspicion and hoping to be right is way easier than doing the research to prove it first, but this precedent of guilty until proven innocent needs to stop. This community highly values privacy, anonymity, autonomy, and decentralization, all things that are regularly stripped from users under this precedent. There are so few platforms left where there is even a chance of preserving these things. Don't let this forum be consumed by this malignant obsession with finding and punishing scammers at all costs, because they will ALWAYS be there, no matter how many you stop.
legendary
Activity: 2296
Merit: 2262
BTC or BUST
September 20, 2019, 04:11:23 PM
#15
###3
Backgrounds don't match.

User was doing italian translations for pennies less than 6 months ago -- suddenly he is a highly specialized quantum bot developer?
My ass.

You might have a great point here.. I didn't dig this accounts background but it could be quite concerning..

"Backtests".

I think backtests are when you run your program against past history to see how it would have done, like a demo.. This can be manipulated though, like all the climate models that say we should all be on fire by now, you can get them to say whatever you want with some tweaking..


Not to mention that it just doesn't make sense. If his stats were actually real, any bank/developer who specializes in these things would've hired him. Don't be stupid. 495% returns?

To be honest 495% gain in 2 years of crypto trading is poor performance IMO.. Ok, maybe that's decent for it being passive, but that is not an insane number.. That's only a bit over doubling your coin every year and wouldn't even be worth my time manually trading for..
My manual trading stats make that look like chump change, even in bear markets..
legendary
Activity: 1946
Merit: 1427
September 20, 2019, 03:19:25 PM
#14
I'm going to rehash some of the things i've said before about him.

Of course, he could have found the magic formula to profit. a sophisticated AI Engine. Time will learn and prove me wrong, but for now i think he's a fraud.

Observe the following points:

###1

First quote of him stating the 495% ROI:
Is not like they are all dumb, just superficial. This guy could easily hand over my thread and download the full 2 year data and trade history of the 495%roi and verify for itself.
Damn he could even access the demo account via api key and see the trades. YET he's sorry but indeed i'm simply looking to scam people.
#2
In my thread you have access to data and trading account. GO and prove that im running a shady business. Otherwise, silence is a better option. And as always, let me decide what is and isn't for me.
#3
Here's what i not only claim but prove with history data fully documented. Here a screenshoot since i'm sure you didn't even bother to check:
Because, obviously, JSON files aren't fakeable..
#4
If the explanation i gave you seems random, you should think about why it feels random to you. because you can't understand it.
WHY DON'T YOU CHECK MY THREAD AND FIND THE GODDAMN API KEY YOU ARE ASKING FOR ? BECAUSE IS RIGHT THERE!!!!

#6


This is just false. He never offered access to ANY of the data listed in the JSON file.

Instead; the API key renders a couple small trades which aren't indicative of anything. The risk taken for these trades and the doubling down martingale strategy might very well not be worth it, but with such a low n size it's simply not known yet.

Compare it with martingale betting. with 1 million satoshis you can bet 1, 2, 4, 8, before losing your money.


###2
The api key debacle: Huh



###3
Backgrounds don't match.

User was doing italian translations for pennies less than 6 months ago -- suddenly he is a highly specialized quantum bot developer?
My ass.

Not to mention that it just doesn't make sense. If his stats were actually real, any bank/developer who specializes in these things would've hired him. Don't be stupid. 495% returns?

Of course, i'd love to be proven wrong. I adjudge him all the profits in the world-- but when these profits actually come from defrauding his "investors" such as other HFT "bots" did in the past, of course i'm going to call him out on it.

Things always go right until they don't.
In an uptrend market (such as right now), you can make a hundred shit trades and get away with it by just waiting for Bitcoin to go up and call it a "prediction".

legendary
Activity: 2296
Merit: 2262
BTC or BUST
September 20, 2019, 02:00:26 PM
#13
Did you give him an API key with full privilege of a funded account? If so he should have been able to WD your coins no?

Yes. Although he didn't even ask which exchange it's from, which is kinda the point. API key is useless without the service. Bitcoin private key can be used regardless of any third party service.

CryptoSparks is trying to have it both ways here. He was claiming that if he gives an API key to the client (presumably from some account he created) - the client is "risk free" because the API key can act as a private key (see option 1 here - where he clearly says that he also has full e-mail etc access to the account). But if the client gives him an API key then it's also "risk free" if they key is enabled only for trading (option 2 in the above link).

Neither of these scenarios is risk free. I don't really care much about the rest of his word games.


1. Lender as service provider:

Lend us UP to 5BTC with 10% monthly payback + 5% monthly interest.
We can give API access + EMAIL +PASSWORD of the trading account managing the funds as collateral so you can always keep an eye on the funds.
This results in almost 30% risk free profit for the lender. 2 year of data shows the bot can easily handle the interest rate, please download and check for yourself.[/s]
He could have meant that the market risk is not placed on the lender in this situation.. This looks like a set repayment offer regardless of what the market does or how the bot performs it is guaranteed interest/profit..
In this scenario he could totally steal your coin by WDing it though so the risk here is of him scamming..

Wasn't very wise to ask for "UP to 5BTC".. You made yourself a target with that Mr. CryptoSparks


2. Arakne as service provider:
Create and control your own account and let our bot manage it via API KEY enabled only for order creation. Pay us 30% of monthly net profit for the service and keep the 70% as pure profits.

with this option their is no risk of him scamming, WDing your coins, but you are at risk of market p/l and bot performance p/l..

"Risk Free" were stupid words to use..

I think that all of these options offer a nice balance between risk/profit for both parties.
I don't think the risk/profit balance is that great really given that he wants to socialize 30% of the profits but none of any possible losses..
2 is a way for him to not lose any money if the bot looses but make 30% of the profits when it wins.. Not real fair but IMO it's up to the lender/invester to negotiate or accept any deal or not..


CryptoSparks - you did a piss poor job of representing your product here, made yourself a target by asking for "UP to" too large of sums to start off with, and made poorly worded statements about "risk free" and how "api keys act as private keys" thereby opening yourself up to much criticism and suspicion even if you do have a real product that you do honestly believe in..


I am not absolutely convinced that his is surely a scammer but if his intentions were good he surely did fail due to his poor language performance and offensiveness.

Maybe he is a scammer though.. It is a possibility..

the fact that he is so stubborn about certain aspects is suspicious to me.
his behavior overlaps that of scammers to a certain degree.
Agree..


Perhaps I'd consider withdrawing my support after more evidence of his legitimacy has come to light.

You probably know more about APIs and exchange bots than me so I trust your judgement..

The only "evidence of his legitimacy" I may have brought to the table here is that I know FruitsBasket knows an elite coder friend of mine, who I do trust, that has been working on trading bots for a long time, and I have a hunch this bot could be legit due to that association..
It's not "cryptosparks" though and I don't want to drag their name into this mess..

Me and Fruits worked together a bit with some of the most elite coders I have ever met and afaik he did a good job so a vouch from Fruits on this lends it some credibility to me..


Good debate guys..
You guys do a good job of protecting the community here even though you might rush to judgement a bit too fast sometimes, though it is far from completely unfounded so I understand where you are coming from..
Maybe you guys saved someone from a scam here or maybe it is unfortunate that CryptoSparks handled this so poorly..
legendary
Activity: 3010
Merit: 8114
September 20, 2019, 01:34:16 PM
#12
Well shit..
...
nutildah - maybe this is what you suspect but it's not something you can prove..

Just want to point out that I updated my feedback several hours ago. You must be looking at the screenshot he made earlier. Upon closer inspection, it doesn't look like a Ponzi per se (not that anyone can spot a Ponzi other than its general characteristics and outcome after it has ended) but the fact that he is so stubborn about certain aspects is suspicious to me.

In no circumstance should people trust huge sums of money with him given how little he actually has to show for what his bot has accomplished, and his behavior overlaps that of scammers to a certain degree. Perhaps I'd consider withdrawing my support after more evidence of his legitimacy has come to light.
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