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Topic: Is Iota a scam? COME TO FIND, ABSOLUTELY NOT!!! - page 5. (Read 11401 times)

legendary
Activity: 2142
Merit: 1009
Newbie
So no, I do not gamble, I do play poker from time to time too. This is where most of IOTA's funding has went, naturally.

Coffee girl, don't forget about the coffee girl.
hero member
Activity: 784
Merit: 1000
LoL the good news for IOTA investors that this David wanker plays poker. At least there is approximately 1% chance that his IoT/hardware business can generate some revenue - from poker.
hero member
Activity: 714
Merit: 500

Haha, I can't even..
Indeed, that's my old (~2008ish facebook profile, I was 19 at the time, so handsome). Here is my more recent twitter profile (i'm not very active here either www.twitter.com/davidsonstebo)

Yes, I am very pro-legalization and decriminalization of drugs for numerous reasons. First and foremost: I think every individual has self-autonomy (as long as you don't pose a threat to other people), this means that if you want to smoke weed, take MDMA or drink whiskey, this is YOUR choice, not something the state should interfere with. However I am also pro-regulation, such that users pay a fee/tax on their consumption, so that when your liver, lungs or other anatomy collapse from abuse, the cost in healthcare has already been provided through this fee/tax. The bigger argument in favour of decriminalization of drugs is that the war on drugs has been an abysmal failure which has ruined countless lives. I claim the war on drugs is one of the biggest humane fuck-ups in modern history, taking a backseat only to us ignoring climate change and letting it evolve. I am surprised that you as a 'white male libertarian bro' want to govern what people can and cannot put into their body.


And yes, while these listings goes back several years not too much has changed, I still listen to much of the same music. I know, it must be a shock that a millenial listens to hip hop and rock, it is the devil's music after all! I feel so exposed now Sad

Ah so this is where you got that Charlie Sheen reference from, I was wondering about that. I'm not really sure when I liked that, probably due to 2 and a half men way back in the day, sorry I can't give some elaborate explanation, it'll remain one of the big wonders of the universe.

I would actually take issue with your claim that poker is gambling too. Gambling implies that it's pure chance. Poker is most definitely not a game of pure chance as the chance element can be controlled to a certain extent through understanding of statistical variance and odds. Here is one academic paper on this matter: http://online.liebertpub.com/doi/abs/10.1089/glr.2008.12105?journalCode=glr there are literally countless more. So no, I do not gamble, I do play poker from time to time though. This is where most of IOTA's funding has went, naturally.
legendary
Activity: 2142
Merit: 1009
Newbie
I like South Park too  Cool

Everyone likes South Park. It's like masturbation, everyone likes it but not everyone has balls to admit that.  Cheesy
hero member
Activity: 784
Merit: 1000
The horny prison population will be happy when this little bitch will bring his his fucked up face and his ready to go tight ass to the meat market. A well deserved 24/7 oral and anal sex will be the new business plan for our David boy soon.



  
legendary
Activity: 1344
Merit: 1000
I like South Park too  Cool
legendary
Activity: 2142
Merit: 1009
Newbie
Liking "Pink Floyd" is the least of his problems.

Ah, ok, didn't read your post completely, it was too long.

EDIT: Where is the beard BTW?
legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
You have problems with "Pink Floyd"? Can't believe you are serious.

Liking "Pink Floyd" is the least of his problems.
legendary
Activity: 2142
Merit: 1009
Newbie
You have problems with "Pink Floyd"? Can't believe you are serious.
legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
David is a degenerate and a communist who has absolute no idea what he is doing.  Personally, I wouldn't hire David to take out the trash let alone be the CEO of a company.  Basically, he is a joke.  If you haven't seen his facebook page, you should look at it.

Do you mean Zimbeck?

I don't think so. David Zimbeck works on bitbay and night trader only now. As far as i know. Why would you think they refer to him?

No, his name is David Sonstebo.

Here, take a look at this for laughs.



Let's see here... he likes "Hip Hop Music", "Jimi Hendrix", the "Grateful Dead", "Pink Floyd", "George Carlin", "Poker", "Jack Daniels", and that AIDS-infested "Charlie Sheen" twice.  So basically, we get from this that he likes drug use, gambling, drinking, and inappropriate behaviour.  This is the genius that is over IOTA/JINN.  Yeah, good choice.  This is who I would want looking over my company.  What a total joke.

Now before David starts screaming "SLANDER! SLANDER!", let me remind him that it's only slanderous if it's not true.  David claims to be an expert on everything, but in reality is an expert on nothing.

Even responding to the troll DecentralizedEconomics is a waste of time, he was banned from nxtforum for death threats and had threads removed here for trolling before. So /ignored

That's a lie.  I told a moderator, Farl4bit, to "Kill Yourself".  That's not a threat.  It is a suggestion that he ends his own life, because he's an idiot.  The mass majority of moderators on NXT forum are traitors to the original ideology of NXT, and will go to any length to silence any opposition.  They are against free speech.  How can you believe in decentralization without believing in decentralization of thought?  They are hypocrites.  I think the NXT Foundation, marketing committees, moderators have done nothing but destroy NXT.  They are the idiots that are running around saying that NXT doesn't deserve to be number two, but it should be number three.  They are the traitors who refer to NXT as an "altcoin".  NXT never was intended to be an "altcoin".  NXT was always intended to be Bitcoin's replacement.  If it is not this, then it is nothing at all.  Instead, those morons who are running the show over there claim that people should get involved in Bitcoin first and then later get involved in NXT.  They have stripped the original ideology out of the movement.  They didn't like me saying these things.  This is why I was banned from NXT forum.

4. David is an international communist!. Due to me having written extensively about my support for Universal Basic Income to counter the inevitable huge loss of jobs that Industry 4.0 (where IoT makes up a big part) will bring, I have become known as a 'international communist' by these trolls.  Yet I argue for business bringing about change. What to make of this? I know your trolling brains cannot hold two ideas at once, too much cognitive dissonance, so you are unable to see the infinite nuances in the world that need to be taken into consideration to achieve something of value. Just to add fuel to this fire: I am even a long term supporter of Bernie Sanders!

Thanks for proving my point.
hero member
Activity: 784
Merit: 1000

just continue trolling with not even ONE real person taking you seriously.

To be honest son, I have read only the last paragraph from your long-long desperate post and I didn't even read it further than this quoted sentence. Your delusional explanations about IoT and hardware does not make sense to any rational individual who ever worked a day in technology, and therefore I am not interested any more in your excuses and nonsenses. So if it is too long then I don't read them. Either make it short or accept that I am not interested in your long nonsenses any more. You had enough chances to explain yourself and you have failed miserably.

Here is the bad news for you with regards to that quoted sentence: law enforcements always take seriously my "trolling". They have to be interested, that's their job. They can't say we don't go after David Sønstebø if there is an information regarding to a fraud (the fraud is in your case: selling illegal financial securities plus promising to deliver solutions [JINN, IoT] which you could obviously not deliver with your zero expertise and zero employee business), can they? Therefore, because law enforcement can't ignore such "trolling" the Mooolah scammer Ryan Keneddy is in prison. He was so confident and condescending not long time ago like yourself you stupid fuck, and now he is in jail. Similarly, law enforcement was very interested in the Bitbay as well as in the Banxshare scams and acted upon my submissions. You are fucked this up son in a big time.
legendary
Activity: 2142
Merit: 1009
Newbie
or I will conclude that you are a liar.

LOL, it was shown several times.
legendary
Activity: 1225
Merit: 1000
poorly written Java files
Link to the files and code lines together with an explanation on why they are poorly written, or I will conclude that you are a liar.
legendary
Activity: 2142
Merit: 1009
Newbie
Now either fork over your legal name...

Hm, even if he gives his legal name any judge will declare him incapacitated after reading his posts, better leave it as is.
hero member
Activity: 714
Merit: 500
Read the unmoderated IOTA thread, you could start here at https://bitcointalksearch.org/topic/m.14029127 and then you will understand why IOTA is a blatant scam. Zero monetization route for the technology, never mind the fact that they do not have any IoT technology nor the resources and expertise to create one.

You must understand, scams like IOTA have nothing to do with technology, business nor monetization. The monetization route and business model of the IOTA scam are based on the concept of milking money from the idiots. It is a straightforward law enforcement matter, just like Mooolah, Bitbay and Banxshare scams were.

Haha, I love how your view evolves with each tidbit of info you find after countless hours spent scouring the internet for any piece of info you might be able to mould into your troll narrative. First you are ADAMANT that IOTA was ran by a Norwegian 24 year old with no registered company and a Belarusian scammer, now it is indeed registered and ran by someone born in 1989. Did these facts contradicting your previous claim make you accept that you are wrong? Nah, of course not. Oh and btw really nice to see my childhood home on here, I did indeed live there at one time, beautiful scenery on the Norwegian country side. If you continue Googling you might even find MY real address and even full birthday!

But since you're like a malignant tumor that got nothing better to do but spread your nonsense everywhere, let's just face this head on for the 100th and final time. I challenged you to provide me with your legal name to see if you are indeed willing to stand behind your provably false claims that IOTA is a scam and fraud. Of course you pussied out and did not dare to do this, instead you disappeared for a few days to rinse off the embarrassment and came back pretending that you never ran away with the tail between your legs only to continue spewing nonsense.

So here I'll address these trolls' caims for the 100th and final time:

1. IOTA has no monetization plans. Of course not, that would make it an asset/security. We always sold IOTA the technology as software, just like Ether in Ethereum and Rep in Augur is software. IOTA software allows you the ability to do transactional settlements, messaging and data transfer with a heavy emphasis on the IoT ecosystem (lightweightedness) CAN this software increase in value? Sure, an integral part of this software's functionality is that it exist in a fixed quantity, a side effect of this is that it can indeed increase in value with demand, just like all other things that exist in a fixed limited quantity. In fact by the demand side it already has appreciated in value, this is a result of the free market, ANYTHING can increase/decrease in value, but we NEVER made any such promises. The monetization purchasers of IOTA can get is through what they build with IOTA. That is YOUR responsibility as a buyer, not ours.

2. IOTA is vaporware, it doesn't and will never exist. Again you make this hyperbolic statement in the face of plain evidence to the contrary. This reveals your true nature as someone with truly no intention of finding and exposing the truth, rather you saw IOTA as a threat to Gadget (this is well documented a month prior to us even announcing the crowdsale) and decided that you'd dedicate your life (well if it can even be considered a life) to try in a futile effort to bring the project harm. Fortunately trolls have no influence on development. IOTA back-end has been developed and gone through intensive testing and optimization for a long time already. So yea, your claim is 100% fallicious, as always

3. Jinn the hardware processor is also vaporware and cannot come to fruition because we're not billionaires and we're not Intel. Once again this reveals that you have absolutely no understanding of the real world (which has become quite apparent by this point). We never stated we would go up against Intel's market (except of course natural competition in IoT division). Intel has a virtual monopoly on desktop and server high-end processors, we're not even looking at this market. We have always stated from day 1 that we're developing a processor for distributed computing in IoT. And yes, we already got manufactured hardware tested, so again no vaporware. Again: you have been proven wrong. But now to the real point: What we're developing is called Hardware Intellectual Property, which is essentially licensing, which is what companies such as ARM Holdings have been doing for decades. This means that you do not manufacture the hardware yourself (it would be extremely expensive, think Intel/Samsung/IBM), rather you come up with the architecture, make prototypes, manufacture a small set of full processors and hand them off to product engineers with specs, if they like it they may buy X licenses from you and then the chips are manufactured and placed into the devices.  TADA. This is not magic, nor is it quantum physics, you should be able to grasp it.

4. David is an international communist!. Due to me having written extensively about my support for Universal Basic Income to counter the inevitable huge loss of jobs that Industry 4.0 (where IoT makes up a big part) will bring, I have become known as a 'international communist' by these trolls.  Yet I argue for business bringing about change. What to make of this? I know your trolling brains cannot hold two ideas at once, too much cognitive dissonance, so you are unable to see the infinite nuances in the world that need to be taken into consideration to achieve something of value. Just to add fuel to this fire: I am even a long term supporter of Bernie Sanders!


Now either fork over your legal name so that we can settle this illegal slander once and for all, or just continue trolling with not even ONE real person taking you seriously. It genuinely satisfies me to know that you trolls are spending a HUGE amount of time, literally making up a real measurable part of your entire life, time that you will never ever get back. You were (unfortunately most would say) against all odds born into this universe, an event that will never happen again, by nature herself given this one single opportunity to experience the world in all its glory, maybe even leave a footprint in the sand of time, but instead you have decided to sacrifice it for us. All in a fruitless endeavor. It's almost as if your envy towards us alone is worth more than your actual life. Out of the very finite amount of grains of sand in your hourglass you are dedicating a big portion just to vent your frustration, frustration which has built up throughout your failed existence, on us. Almost like we should feel honored. But now I got real work to do. Thanks for the entertainment, maybe you should consider getting a job in comedy.
hero member
Activity: 784
Merit: 1000
That's fine with me.

Of course it is fine with you. The scam was created for the shrills and idiots like yourself (pick which is applicable to you) who invest in an IoT business and then "fine" with the fact that what you received has nothing to do with IoT. Why would you care you received a few poorly written Java files that implements the IOTA protocol, which of course has nothing to do with Internet of Things. (Let me don't explain here what an IoT system is, how authorization, access control, device management, provisioning, etc. assemble an IoT system, I explained it in other threads). So of course you are fine with that. You are just waiting for the start of the P&D to sell the shit at the expense of the even more idiots who buy into the hype of the IOTA shills and sockpuppets.

legendary
Activity: 2142
Merit: 1009
Newbie
They promised Xmas release

Do you have the link handy?
hero member
Activity: 784
Merit: 1000

IOTA was sold legally as software, plain and simple. IOTA has partnered with different IoT groups and is being adopted into more and more projects. It will go into full beta soon and subsequent release.

Don't lie you pathetic scammer, even if you are too desperate to explain your scam.

a)  IOTA is in breach of all relevant EU and US financial securities regulations. You are defrauding money from these idiots by selling illegal financial securities. You think you will mask the nature of your scam by calling it for software - in fact such desperate misleading masking only highlights the nature of your fraud. You are saying it is a software and it is not a speculative instrument. In the meantime you hype the scam with your predictions and statements about 10-15x ROI - the usual misstep from an incredible primitive scammer. Such misstep was seen that from the Mooolah Ryan Kennedy (who is in jail now), so law enforcement is familiar with wankers like yourself.

b)  Since you are a pathetic scammer and nothing more, you do not have any "IoT groups" that endorse you non existent shit. No IoT solution provider nor an IoT technology business is interested in your non existent vaporware. It would be a surprise if it would be any, as the few Java files that implements the IOTA protocol have nothing to do with IoT application development. The only "groups" which you have any relations to is those Hong Kong based non entity, nobody knows them in the IoT sector.

c)  Despite you promised so many things for the idiots who invested in you, you did not deliver anything in the last four months. You have zero IoT projects. None. You could make zero sell. You couldn't even deliver a fucking GUI in 4 months. No wonder you couldn't deliver anything: you have zero experience in software development and your zero employee IOTA business operates in your momma's basement.

So fuck off scammer and wait for the law enforcement in your momma's basement.
legendary
Activity: 1225
Merit: 1000
they do not have any IoT technology nor the resources and expertise to create one.

Then the iota version I'm running right now must have been created by a unicorn. That's fine with me.
hero member
Activity: 784
Merit: 1000
Read the unmoderated IOTA thread, you could start here at https://bitcointalksearch.org/topic/m.14029127 and then you will understand why IOTA is a blatant scam. Zero monetization route for the technology, never mind the fact that they do not have any IoT technology nor the resources and expertise to create one.

You must understand, scams like IOTA have nothing to do with technology, business nor monetization. The monetization route and business model of the IOTA scam are based on the concept of milking money from the idiots. It is a straightforward law enforcement matter, just like Mooolah, Bitbay and Banxshare scams were.
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