Topic: Is SCHARMBECK Shutting Down? - page 5. (Read 16790 times)

Well im out of WDC for good, personally I really don't want to wake up to nothing left, I only had 5,000 so its not a big deal but i did loose good money.  Anyway if you do a bit of research, twitter, forums, reddit, their IRC channel, whois lookups, company directories etc.  It really doesn't look good at all.  I don't mean to FUD anything but this situation is pure ridiculous.  Sharmbeck was a company made by some of the WDCFoundation team, they are both registered to the same address and they cannot resolve this or give transparency at all?  Some just walked away?  Its just pure crazy and puts it well into the realm of a scamcoin.  I would be very surprised if they recover from this.  Current IRC chatter is about changing the name of Worldcoin Foundation to something else, so they are planning to rebrand.  Good luck for the future but I will never touch these again and alot of other people wont either, very sad outcome.

A lot of us are in the same boat. I view WDC as a series of pumps and dumps now. There's a crisis every couple months to drive the price down, then they come out with some big news to make it skyrocket. I'm gonna hold on and hope something pumps the price back up before I dump.

Without Scharmbeck, WDC looks very generic.  It looks great if this were 2012, but now. . . We'll see if the community can salvage it.

So many bad news in the last days... 

There was a time that i really thought this coin could get something special... but now, i don't know what to do with my bag

Nope. This coin has a lot of bad history. This action by folks trying to save it is probably people with a lot of worldcoin. It has nothing special that any other coin couldn't match or exceed. All it has is a fancy name and a community that has dwindled to a small size over the last couple of months.

From the BTC-E Trollbox Logs:
 http://trollboxarchive.com/search.php?search_type=username&search=xodianbarr

xodianbarr          4 Months Ago   Scharmbeck - aka worldcoin bank
xodianbarr          4 Months Ago   Scharmbeck is DA BOMB!

xodianbarr          4 Months Ago   The first one was posted 5 minutes ago, regarding worldcoins latest project - you can find out about it@ https://twitter.com/scharmbeck + get an exclusive pre release look @ https://scharmbeck.com

xodianbarr          4 Months Ago   also you can check progress of the latest worldcoin project here: https://scharmbeck.com



It's funny how everyone is distancing themselves from Scharmbeck now.

I cannot believe that you have the cheek to write these lies about me without a shred of evidence to back them up.  I am not at all known for 'pumping Scambeck', and i am nor am i a 'defender'.

My position regarding 'Scharmbeck'.  I used to work for the Worldcoin Foundation.  3 of the board members decided to develop Scharmbeck.  I did not approve of the relationship regarding Scharmbeck and the Foundation.  I found it 'unwholesome' - so i quit.

My feelings about it in fact led me to steer away from Worldcoin altogether.  I have since come back to rescue WORLDCOIN from Scharmbeck.  This I am having some success in.

What you have proven in your post is that you are quite happy to peddle rumour, speculation and complete lies as fact.  Shame on you.  In the past i have supported Scharmbeck because it offered a good opportunity for Worldcoin.  Sorry, but I don't see anything wrong with this.  Nobody can see into the future.  In the past few days however, owing to the fact that nobody has PROOF of anything i have urged Worldcoin community members to remember two key facts:

1.  Stating speculation and rumours about Scharmbeck or Worldcoin is not a professional way to act.
2.  Scharmbeck related gossip, rumourmongering, and questions should be directed towards Scharmbeck and NOT Worldcoin.  

I have done nothing to defend Scharmbeck other than to urge people to adhere to these requests.

I have opinions about Scharmbeck and none of them are positive but they are just that - opinion.  My only objective is to look after Worldcoin.

If you have any serious questions you want to ask me in a professional manner, i am contactable through irc.freenode.net #worldcoin or i can be messaged via the worldcoin forum at worldcoinforum.org

I will answer any questions from anyone to the best of my abilities.

~~ Xodianbarr ~~

You can say that Scharmbeck is not WDC, and WDC is not Scharmbeck, but that really isn't the case. The Worldcoin Foundation was pimping Scharmbeck like crazy, and frankly, Scharmbeck was the only thing WDC had going for it. Without Scharmbeck, WDC is just another Litecoin clone.

WDC has absolutely no PR, and nothing even vaguely exciting on the horizon. There's just a small, devoted community who live in an echo-chamber. Even the 500 BTC Scharmbeck prize was almost completely ignored by the larger cryptocurrency community.

Anyway, WDC has survived through a lot of crises and fiascos (51% attack, realsolid, UNOCS), but I think this may be the one that ultimately does WDC in. Even though they're techincally separate entities, the fates of WDC and Scharmbeck are very tightly bound.

Fuck this 
I'm out of Worldcoin, permanently 

Is there any reason to even support this coin instead of another one at this point??

Well it appears that the whole worldcoin community was conned at this point but I feel that it was only one Guy responsible for it.

As far as I know Sagefit and Xodian were just trying to promote Worldcoin and we all thought that Scharmbeck was legitimate. Even going so far as having a beta and actually processing some transactions.

Edit: I may have got caught up in the speculation more then I should. Best I can tell there is some sort of litigation going on internally involving the main players at Scharmbeck however it is unclear exactly what it is about.

This info was widely broadcasted to boost scambeck reputation as bait

http://worldcoinforum.org/topic/460-worldcoin-announces-scharmbeck-shares/


Notice the names of the wdc foundation members.

Sagefit is also part of the scam eventhough he is not listed as part of the scambeck team.  He was very active with pumping the scambeck on trollboxes, claimed to have insider info on future scambeck news releases.  Right after the scam was busted, Sagefit announced that he left wdc foundation to form a new coin (Takeicoin). 

Xodianbarr is also a known scambeck pumper and defender, his part in the scam is not clearly established.

If they had just posted they were shutting down AND kept the message up...they wouldn't have smashed the price so hard.

There will be new uncertainty and donut about WDC after this --> at least temporarily new lower price floor. I exited WDC somewhat early so at least I'll be able to buy more than before if this rebounds..still scary though.

I wholeheartedly agree. Uncertainty can be very deadly for some markets. It's best to let the bad news occur, the quick market action to take place, and then if the fundamentals and community is there, it can start to rebound.

Scary thing is that this may be harder to recover from and it might cause long-term downward pressure on the prices of WDC.

A few of the foundation board members were also with scharmbeck. After this fiasco, they are stepping down, and we are in the process of selecting a new team to take us forward. Good news is that  a lot of eager individuals with good credentials have come forward.

Regarding scharmbeck, I think one individual is responsible for the mess. I guess the story would become clear in the future, but my humble recommendation would be to get out of SBFS - but as usual you trade with your own risk.

Worldcoin itself has a huge community all of who are pissed that we basically walked into the current mess. The process is on to get the correct approach and hopefully we will emerge stronger. You can come over to #worldcoin freenode channel.

Can you prove Scharmbeck and WDCF are the same people? I might not re-enter at any price if thats true..

What lawsuit? They are registered as an LLC. They will manipulate their books to show that they were having to spend money and are broke. Anyone wanna guess what's going to happen to the 500 BTC bounty they were setting up for their "investors"? If pressed, I have no doubt they will claim it's going to legal fees.

Looking around and searching, it seems as if, at least, IMO, WDC, WDCF and Scharmbeck were all ran by the same people behind the scenes. A new age Ponzi scheme especially with their offering of shares. As someone else pointed out, their dividends numbers don't add up at all.

With Crypto and especially cryptostocks, all is fair game for the scammers. To get listed on Cryptostocks, it's pretty much a joke how LITTLE information you must divulge before you can just start selling non-existent stocks. So get people to buy in. Make up some BS contest of a 500 BTC reward, but only for investors, get a big influx of people buying more "shares" hoping to win some BTC. Release an "earnings statement" about huge dividends payouts, then immediately go silent for a week leaving "investors" in the dark. And then when they do finally break their silence, it's a tweet that basically says "MAYBE we will have more info for you guys next week", and then turn around and delete that tweet.

I guess the fortunate part of this all is, if they do what appears is happening, they did it to the wrong community. The Crypto community is full of very smart and very well educated people. And the community won't just let them "get away with it". They would be better off assuming new identities and starting their lives from scratch.

http://www.reddit.com/r/worldcoin/comments/1x8m5x/scharmbeck_tweets/

They tweeted that they were in legal trouble and needed to retain an attorney on their twitter last night. That tweet is suspiciously missing now.

I'm still holding approx. 115,000 WDC and the downtrend really starts to worry me. Thinking to dump them before it's too late

I think its pretty much dead. Just the last gasps remain.

I hope they just officially declare it dead. The uncertainity is no good for WDC. Last time when UNOCS shutdown WDC rebounded sharply.