Is Simcoin out of control? Dev describes investors as retards!!!!

onemorebtc

sr. member

Activity: 266

Merit: 250

Quote from: jl777 on June 09, 2014, 08:34:55 AM

When I read that simcoin was using UDP, I knew that this project will take years to complete

this is because UDP is not very reliable. When it works, it works,but then it just doesnt work. Very messy. Very unprecise.

lol?
as a programmer myself i can tell you its not too hard to develop a reliable protocol on top of an unreliable one.

consensus is where it gets really interesting Wink

jl777

legendary

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nxtchg is a perfectionist with obsessive qualities

this is usually a strong point for a software dev where every comma has to be precisely placed

When I read that simcoin was using UDP, I knew that this project will take years to complete

this is because UDP is not very reliable. When it works, it works,but then it just doesnt work. Very messy. Very unprecise.

I think nxtchg has a sense of humor that is not understood. I doubt he will scam anybody, but I think he wants to be left alone for whatever time it will take to complete.

So if you have invested. Put this is the long term hold category as you have no choice.

Maybe nxtchg will accept some compromise in design spec to release this year, but knowing him, I doubt this.

James

RoyBtc

newbie

Activity: 37

Merit: 0

NxtChg delete so many query post ,

PondSea

legendary

Activity: 1428

Merit: 1000

I invested then saw the dev saying the guy that predicted 120 btc was right so I invested some more... Obviously that still was not enough.

He treats investors like shit. I'm thinking about selling my stake at a loss....

MyPotPlantDied

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Merit: 10

I actually browsed that thread with the possible intention of investing but the dev's attitude turned me right off so I stayed clear. Hope it works out for those of you who are invested.

BitcoinForumator

legendary

Activity: 1120

Merit: 1000

If he's a scammer or not? Time will tell.

But what is certain is that he's an arrogant prick. It's also certain that he spends way too much time dealing with "retards", instead of doing the coding. That in itself is a concern. The level headed professionals do their job differently.

Makes you wonder why the Nxtchg.com failed? Maybe because of his business practices and because people didn't like his approach.

Mesutalkali

newbie

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I hope he isn't a scammer.

Would be too hard for us investors.

sussex

hero member

Activity: 658

Merit: 500

Well, I've been quiet on this subject for a week or so, but it is time to speak up again......

A post by the simcoin dev today:

   This is the best job I ever had.

   You go on a forum, write a couple of posts a day and people just send you money.

   Fantastic!

   Come on, send me MOAR!!!

So, do you still want to invest with a dev who seems to be getting quite tumescent with the amount of BTC he is collecting in an IPO with no end in sight and with absolutely no regard for the interests of his investors?

He now has $72,000 of other people's money, let me offer you some of the choicest quotes from the nouveau riche dev:

   But it can also fail, simply because there's just so many things that can go wrong. 9 out of 10 startups fail. And by that time we might burn through most of the funds.

   Remember, everybody, I am just a stranger on the Internet (who is currently looking for a boat with a helipad and a wine cellar). So, shoo, go away!

   There is no estimate, it's notoriously hard to estimate software projects.

There is no product yet. The server can't do a single transaction at this stage. I am the only core developer and I work rather slowly, the summer heat isn't helping either.

Is he preparing the groundwork for an expensive fall?

So, if you are considering investing, maybe you should think again? Most of his investors are feeling screwed right now, except for the ones suffering Stockholm Syndrome who have their heads inserted deeply up the dev's ass.

Read the full, uncensored thread here:

https://bitcointa.lk/threads/ann-sim-simcoin-a-simple-coin.296182/

sussex

hero member

Activity: 658

Merit: 500

https://bitcointa.lk/threads/ann-sim-simcoin-a-simple-coin.296182/page-33

biekelroy

sr. member

Activity: 257

Merit: 250

need admin of BTT confirm. simcoin maybe a scamer..
if scamer , kick his ass

mana6

sr. member

Activity: 354

Merit: 250

What is up？something change?

sussex

hero member

Activity: 658

Merit: 500

Worth reading the uncensored post for the latest thoughts from the simcoin dev - apparently he now thinks investors are retards.

Do you really want to trust this guy with your money?

sussex

hero member

Activity: 658

Merit: 500

Anyone considering investment should check out the latest deleted posts on this thread:

https://bitcointa.lk/threads/ann-sim-simcoin-a-simple-coin.296182/page-27

Dev seems to be talking himself round in circles and watching the thread like a hawk..... my post was deleted in under two minutes!!!!

sussex

hero member

Activity: 658

Merit: 500

Quote from: BitCoinDream on May 06, 2014, 04:16:13 PM

Quote from: sussex on April 28, 2014, 02:16:11 PM

People asking perfectly reasonable questions about their simcoin investment are being ruthlessly deleted while the dev has pocketed $50,000 with every intention of bagging more in an apparently never ending IPO. Remember, he also has a 60% premine to play with.

The dev seems to have no concern for investors once he has their BTC,

Anyway, if you are thinking of investing in Simcoin, I urge you to check these two threads.....

https://bitcointa.lk/threads/ann-sim-simcoin-a-simple-coin.296182/

https://bitcointalk.org/index.php?topic=584132.new#new

and do the maths, as much as you can when the dev doesn't want to give figures.

IPO for 2 years !!! It is history for the cryptos...

No, the dev got upset, apparently the IPO now runs to 2038.

BitCoinDream

legendary

Activity: 2394

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The revolution will be digital

Quote from: sussex on April 28, 2014, 02:16:11 PM

People asking perfectly reasonable questions about their simcoin investment are being ruthlessly deleted while the dev has pocketed $50,000 with every intention of bagging more in an apparently never ending IPO. Remember, he also has a 60% premine to play with.

The dev seems to have no concern for investors once he has their BTC,

Anyway, if you are thinking of investing in Simcoin, I urge you to check these two threads.....

https://bitcointa.lk/threads/ann-sim-simcoin-a-simple-coin.296182/

https://bitcointalk.org/index.php?topic=584132.new#new

and do the maths, as much as you can when the dev doesn't want to give figures.

IPO for 2 years !!! It is history for the cryptos...

crunchynut

full member

Activity: 238

Merit: 100

"dev" promises a flying pancakes utopia that will revolutionize the visible universe as we know it, deletes every critical post, spends most of his time on counting ipo money. how could this be a scam?

MsCollec

legendary

Activity: 1400

Merit: 1000

Are you saying that the project is a big scam?

sussex

hero member

Activity: 658

Merit: 500

Ouch!

The dev had to delete another irritating post and has added sixteen years onto the IPO!!!!

So much for a man of his word.........

You know, in my darker moments, I wonder if the dev is taking the $46,000 of other people's money he has seriously...............

sussex

hero member

Activity: 658

Merit: 500

Woooohooooo!!!

I have great news for everybody who has invested in simcoin!!!!!!

The IPO will remain open until at least August 12th 2016!!!!!

I bet all investors are overwhelmed with joy by this news, hooray hooray!!!!!

deedou

full member

Activity: 135

Merit: 100

simcoin is a scamer obviously, but nobody care about it .

all investor should responsible for themselves. they will pay for it

Topic: Is Simcoin out of control? Dev describes investors as retards!!!! (Read 2139 times)