Topic: Is SCHARMBECK Shutting Down? - page 3. (Read 16826 times)

Worldcoin is a classic premine coin that was hyper marketed and pumped and dumped.

I remember doing research a few months ago on Sharmbeck when Worldcoin community announced that exchange.
I googled it and found just one tiny little press release. It seemed so sparse, no substance. Red flags everywhere.

Any alt coin that is premined like Worldcoin, Quark, Zeta, Earth, etc pretty much follows the same development:

- Devs create a coin for which they own a substantial amount in premine / instamine.
- Miners mine coin in hope of quick, short term profit, in collaboration with Dev
- Noobs buy premine coin from Devs and Miners on a sell thread at outrageous prices
- Coin is hyped, with giveaways, pretty logo, phony innovation, pumping the value
- Coin is added to an exchange, invariably Cryptsy
- More Noobs fall for hype and buy coins on exchange
- Devs, Miners and Early Adopters dump coin for immediate profit
- Noob looks down sadly at bags of worthless premined coins
- Rinse and Repeat.

To all the Devs and Miners who enjoy doing this: congratulations on all your scamming, you have all done very well.

Lucky you.   Just before scharmbeck crashed I needed some liquid bitcoin and I chose to sell my cryptsy shares instead of scharmbeck. . . 

Ugh.  Still angry about it.

I was lucky enough to sell my Scharmbeck shares (SBFS) and my WDC before the news. From my own experience in the financial markets I noticed that many times price direction is truth.  When SBFS opened to anyone interested and the price of WDC didn't even have one decent spike up I knew that something funny was going on.  Insiders or people with a lot of coins were dumping any chance they got keeping the price down.  The price direction often tells the story before it's leaked.

How hard is it to give an announcement! People invested a lot of BTC because they thought this was a WDC project (there wasn't much stating otherwise) and that backing would make it a good long term investment.  This is really disheartening. I hope we get some info soon, this is getting crazy. 

Do you know on what exact charges?

As I have recently discovered - Worldcoin Foundation is owned by Doug Gilmore lol.  I laugh because if there is any it will fall on his doorstep.  But i shouldn't but that means Worldcoin suffers. 

~ Xodianbarr ~

i disagree a coin dying can mean people lose a lot (the bagholders) i personally did with mincoin and hypercoin.

Lets just say possible legal action is pending against scharmbeck, and its yet to be determined if wdc foundation can be held accountable.

For WDC its a coin, it dies no big deal. As for Scharmbeck, no one would have cared if it died if they didn't crowdfund half a million dollars at cryptostocks and pretending to be legit al the time.

If they claim its not a scam they should buy back all their shares at least with whatever BTC they have left. Or wait, let me guess, they burned $0.5M in 2 months?

That is correct.  I did quit.  I did not say I quit the very instant I found out. 

    I worked for the foundation doing PR.  Initially i was told that one of the members was working on a project.  Absolutely no details were given out about what the project was outside of those within the board (Gudmunsn, Nerdcustoms, and Beneliath).  As time went on, I was told (along with everybody else) about Sharmbeck.  It was not immediately explained what Scharmbeck was.  All there was to go from was a web page with some information about banking.  This is why i made an incorrect assumption that it was a bank and not a money transfer service. 

    When it was officially announced what Scharmbeck was I began to feel uneasy about the whole idea. I don't believe it was in the interest of Worldcoin Foundation to be directly associated with a business - let alone a money transmitter.  Scharmbeck announced it was floating shares at Crypto Stocks.  I investigated Crypto Stocks, and because of their inability to even provide a working method of registration, let alone the site looking unprofessional, I remarked in #worldcoin, that I thought Crypto Stocks was unreliable and that Scharmbeck should not be using them to float shares.  I was immediately reprimanded by the board for talking about Crypto Stocks in a negative way 'without proof'.  I blew my fuse and told them - 'The fact that the site is broken and they don't respond to emails is proof enough.  That was the final straw for me.  My inhibitions about the association between the two, and the fact that i was expected to defend Scharmbeck despite NOT working for them was enough for me to quit.  So i removed all my privileges from the channel, forum and Foundation and quit. 

  When people asked I explained that it was a 'conflict of interests' as i had no wish to start up a discussion damning Worldcoin Foundation or Scharmbeck.  I hung around in the chat for a few days after, but i felt the Scharmbeck thing so much of an issue that I had to walk away from Worldcoin, and have been away for 3 months.  I came back and within days the problems with Scharmbeck began surfacing.  Because of my love for Worldcoin (Yes I do love it) I decided to intervene.  I pushed the board members individually to step down.  Which they all in turn agreed to.  I have since gone on to to try and repair all the damage that has been caused by the past affiliation between the two. 

After reading this I hope you begin to understand how wrong you are about me.  If you have problems with anything I have just written come to #worldcoin and ask around.  I am sure that you will find that what I am saying is all true.  You are even welcome to message me, or talk to me publically about it.  You will find me open and honest.  If you forgive my anger you will appreciate that i do not take kindly to being accused of being dishonest.

I did not quit Scharmbeck.  Because I never worked for them.  I did not pump either.  Because despite your assumption that I am capable of it, I am not.  At that time I had about 1.2 BTC in total anywhere.  Hardly enough to pump anything.  Between then and now I now have a grand total of 1.32 BTC.  Still not enough to pump anything. As for what you said about Scharmbeck problem.  I seem to distinctly remember users on the 'troll box'  (it's called that for a reason BTW) deliberately trying to discredit it for no good reason.  Some people had valid points and presented them in a respectable manner (namely longandshort) who I invited to discuss it directly with the lawyer on #worldcoin.  I did not force anybody to buy into either Scharmbeck nor Worldcoin.  I merely promoted what they had to offer.  As for your opinion that I am trying to 'distance' myself from Scharmbeck, there you are wrong.  I was never close to it.  I only promoted it because it was in the best interest of Worldcoin Foundation that I do so.  As i have said previously - I promoted other services equally... I.e. Rapidballs.  I did not tell people to go gamble their money away there either. 

On a final note.  You keep relating to Scharmbeck as being a scam.  What makes you think it is a scam?  All I have seen is that it is a legitimate business that has had major internal problems resulting in legal dispute.  It has made no official announcement about it's intent to close.  From my understanding there is no reason to believe it is a scam.  Perhaps it is.  If i said what I thought about it - it would be speculation only. 

regards,

Xodianbarr

i do agree with you but i definitly do think wdc is dead. this the 3rd time this has happened. 1st when clint25n was the dev, then the UNOCS pnd scam. and 3rd now

All right.

I was an old WDC investor and I'm never investing again because of the professionalism shown from the current situation, but I still wouldn't call WDC dead. It still has some infrastructure. I definitely think its overvalued at 7 million $ market cap now, but I see it worth what Devcoin or Zeta are worth in the 2.5-3.5 million $ market cap range. A slow death would be painful, but a quick re-evaluation of the price could get things started again.

i am the previous operator of the mineworks scharmbeck pool (yes it sucked)

I can vouch for both sagefit and xodianbarr. as everyone knows i sold out and told nerdcustoms i dont wish to continue due to the situation with wdc and scharmbeck. and so it was merged with nutnut's nut2pools.
The state of WDC is a complete shambles. the current wdc devs originally focused on wdc as a general and scharmbeck was treated as a completely DIFFERENT entity. however as of the recent months it has become clear that wdc + scharmbeck are one and that without scharmbeck wdc is a failure/ UNOCS v2 . both me, sagefit, xodianbarr and numerous other people have put this to the devs with very little action taken.

The End result here is: wdc and scharmbeck is dead, move on. (You can't call people scammers for doing their job especially when things were different at that time)

Classic case of a professional BSer.  Just talk in circle hoping to muddle things up and hope people don't have time to pick up on the BS. 

You said you "quit" when you found out about wdcf and scambeck.  What was there to find out? scambeck was started by the very same people who appointed themselves as the principle members of the wdcf. This is not some hidden info, those guys used their positions with wdcf to promote scambeck, the info were clearly presented on their websites.  Are you suggesting that you did not know about this connection when you first pumped them?  OTOH, If you did know about this connection and you found it "unwholesome" and you did not approve of them, then why did you pump them?  If you knew that they were "unwholesome" and still worked for them, that makes you (and sagefit) scammers. 

The only way for you to get out of this stink that you created is for you to personally claim ignorance, and say that you were first unaware about the connection between scambeck and wdcf, this claim would make you the most ignorant person in the wdc universe.

BTW, for the record, you and sagefit did not "quit" scambeck, you two pumped them right to the time when the scam blew up, YOU were personally trashing people, on the trollbox, who tried to point out the problem with scambeck up until the scam blew up.  The scam finally blew up when people did the dividends calculations to show that scambeck cooked the book ( https://bitcointalksearch.org/topic/the-scharmbeck-stock-dilemna-443111 ).  Their internal partnership problem conveniently appeared when their scam got ousted. You conveniently distancing yourself by claiming that you are only trying to promote wdc.  Your new spiel now is to promote yourself as trusted vanguard guardian of wdc.

The whole idea behind Cryptostocks is dubious.  Even the site is poor.  I feel for you.

~~ Xodianbarr ~~

I agree, this is the 3rd time I got scammed at cryptostocks, stay away from the place it is to risky and to easy for scammers to make shitloads of money. All u need is an ipaddress and email and you can start an untraceable scam on cryptostocks. I filed several policereports, trust me you won't see your money back!

What a shitshow. I sold out. Don't be a bagholder, and don't be someone who supports the people behind WDC and scharmbeck. This train is over.

Sorry explain to me what the lie was again?  Did you even read my reply??  Infofronts clearly did considering he dropped the subject.  I said Scharmbeck was a good venture.  It was actually my job to promote Worldcoin (which obviously includes new Worldcoin services).  That was a long time before all this happened i might add.  Show me where i said i approved of the relationship between Worldcoin foundation and Scharmbeck.  Just to point out also (Not that you deserve it): this was BEFORE I quit.  So It's about time you retract your SECOND bullshit statement - again.  Is there actually ANYTHING you can get right? Sucks to be you.  You accused me of something without proof.  You're still disrespecting me.  For the sake of it.  What kind of person are you that burns people for the hell of it?

Oh i just saw another lie of yours. Didn't notice the first time.  Despite no proof other than your schitzophrenic fantasies - how do you come to the conclusion I 'pumped scambeck and WDC'?  Of course i'm sure you can provide some more falsehoods to make you look even MORE foolish (if thats possible).

So far you've wrongly accused me and Sagefit without any evidence, or reason to justify it.  You are beginning to look increasingly like a troll.  Just to point out - what is it you're trying to achieve exactly?  Clearly you have some sort of agenda for posting unsubstantiated lies about things of which clearly you know nothing about.  Explain to me the reasoning behind your judgement about myself and Sagefit.  Do you actually know either of us?  What exactly has led you to your conclusions other than some spurious dribble which bears no relation.   By the way I will accept your apology now, knowing the type of person you are, you will just slope back off into the shadows now that you've finished your slander and found yourself wrong.  I admit when I am wrong.  But then, unlike you - I have honour.  Perhaps when you're a bit more grown up you'll understand....

Ew juicy. Fucking sharing this shit. You steal our money, we ruin you, see you guys on Facebook.

You said you quit because you found "the relationship regarding Scharmbeck and the Foundation.  I found it 'unwholesome' - so i quit."  but infofront dug up your comments.  I supposed you will reply that you found out about scambeck and wdc after you pumped them.

You just got busted for lying .   

BTW, doug gilmore, the lawyer that is part of the scambeck trio has taken his profile off the wdc foundation page.  But don't worry doug, your info is preserved for prosperity.  http://web.archive.org/web/20140207083324/http://worldcoinfoundation.org/index.php/en/about/board-members