Topic: MB8 Coin - Team Doesn't Return Coins (Read 1007 times)

Yeah exactly. Hindsight is a great thing, but when your trying damn hard to make it work so it doesn't fall in to a scam its hard, then when you stop well I don't blame anyone.

Exactly why everything is contracted, detailed and Indemnifier agreements in place, so even if our due diligence is wrong or changes at a later date, we are still in some form protected like this.

Not bothered about the bribe, I just wanted to shame the person trying to bribe me. Like I say, I can't change people's opinions, they have to do that themselves. All I can do is tell you what I know and the truth.

Well Dan I learned a lot more about this than I ever cared to and most of what you have to say sounds pretty reasonable. There's a fair amount of companies registered between you and Paul Stewart so it was hard to know exactly what companies you were referring to without saying them by name.

What it comes down to was you were developing infrastructure and leaving positive reviews for a Ponzi scheme that had been exposed as such more than a year prior.


It's always your role to do so. You should do it for your damn self to prevent stuff like this from happening again in the future.

Having said that, it sounds like you sincerely tried to make amends.

Sorry you were asked for a bribe during your short Bitcointalk experience but scam projects attract scammer participants, what can I say.

@nutildah

Thanks for the comment, however, I would like to offer some corrections to your statement which may better help you understand.

"he exhibits extremely poor judgment when choosing projects as a developer, and I would not have confidence in whatever he did going forward. The only actual difference is the legal liability part." Correct in some ways, however at the start of the project I was not in a position to perform due diligence and it wasn't my role to do so.

I have read through BehindMLM many times now, and I did flag it up at the time of the start of the project, but as stated in Post 1 of 2 the decision was not mine and I ultimately received enough in the form of confidence to continue. Maybe I was too trustworthy or Nieve, either way, there is no excuse so yes I agree with the poor judgement, and by F**K have I learnt from it.

"He did more than that, and I would say this is beyond "offering support:"
Correct, I've detailed in post 1 of 2 what contracts and roles I had.

Regarding the Google Review, if you were being employed by someone under contract with someone else etc etc you might have to give 5-star reviews on an app. It doesn't reflect the opinion of the company, moreover the app build and function. Nevertheless. If I can find out which account I made that from, I will seek to adjust it. So thanks for bringing that to my attention.

"Not true. He was also the co-owner of the company hired to develop the coin:"
This is not true. I have detailed who is who in Post 1 of 2. Rocketing Ltd which is mine and Paul's company was not contracted to build MB8 Coin and it was between Blockchain Scotland and Multibuy.

"According to Dan, Rocketing Ltd has been dissolved (though it is still listed as an active company). Both Dan and Paul Stewart are now part of a newer company called Cryptopal. "

I have not said Rocketing Ltd has been dissolved. I have said Blockchain Scotland Ltd has been dissolved as in Part 1 of 2. You can also check this https://find-and-update.company-information.service.gov.uk/company/SC568383

Rocketing Ltd is still operational.

"What does Cryptopal do? They facilitate the purchase of MB8Coin (a scam) using credit cards and wire transfer.  Roll Eyes And mind you, this is of Feb. 14th 2021, the date of the newsletter."

The purpose of Cryptopal was not only to facilitate payments using credit cards at all. It was to launch a start-up exchange. However, it was rebranded to Payex and abandoned at the end of 2020 due to the new UK FCA Regulations for Crypto which make it virtually impossible for startups to start.

We also ran MyPXD which was a beta launch of Payex to test functionality, this worked to some degree however required some changes. But as the whole lot was shelved it was also terminated.

The system you are referring to buying MB8 coin with Credit Card was built as an aid to volume support. You essentially were purchasing BTC which went to the exchange wallet, which then triggered a script to buy MB8 Coin on the exchange via the Whitebit API and then send the MB8 Coin to you. This was powered by Mercuryo who also provide (or did, I am not sure if they still do) provide BTC Purchase options for WhiteBit, Binance, HitBTC and other exchanges. We had to perform a series of due diligence checks and vetting to get onboarded. All of which were passed, and I presented the system to Mercuryo who accepted the system in principle, however, could not be fully signed off as no one used this system, which personally is understandable given the lack of reason to purchase it, the system was decomposed at the end of 2020.

Like I say. I have taken down or requested everything that is "Scammy" to be taken offline. Anything on my servers linked has been terminated, all my old telegram accounts deleted (meaning the groups no longer have any admins so are free to speak) I've done what I can here to help, but as I say. The time has come to move on in life, which is ultimately why I wanted this post taken down, not to run another ICO etc. It is to check historical things such as this are resolved, if they are file them in a shredder never to be seen again.

I never walk away from something without finishing it first. I am nearly finished with as much as I can possibly do, therefore this was the one of the last places to request the data to be removed.

I lesson I have learnt from all of this is, never to trust anyone! And if it sounds sales like, don't believe it!!

I can only say all of this, I can't make you accept it, that part is up to you. Plain and simple.

Thanks for giving me the opportunity to speak my reply. @DireWolfM14 I removed all previous comments as it seemed to be escalating and didn't seem to be worth the hassle, to be honest. If the public opinion is that of me and I can't change it then there is no point stirring it back up.

But here is my story, whether you accept it or not is entirely up to you.

In 2017 BLOCKCHAIN SCOTLAND LIMITED Company number SC568383 was formed with Robert Neate as the C.E.O and Director with Ian Stewart who is related to Chris Stewart and Paul Stewart, and in previous years Ian had ran successful businesses in TV Repair to which Paul and Chris both worked for, with it being a family company.

I did not start with the organisation Blockchain Scotland until November 2018, and I was not employed, I worked as a freelancer as I had another permanent job. My first job was to look at Masternodes and audit all available coins to see how the company which was running it's own mining centre could and how it would benefit from Masternodes. We launched a few websites sharing this data, I can't remember the exact name but it was something like topmasternode.com at the same time Chris and Rob were in talks with Multibuy and it's representative to create a Blockchain solution to replace or run alongside it's Eurocredit Platform.

During the due diligence checks, Multibuy World which was an Ad Rev Share scheme was brought up and dismissed as it was not part of SG Multibuygroup KFT in Hungary who we were ultimately contracted to build MB8 Coin. AML and KYC Checks were performed on the individuals representing the company and I believe this was passed, although I couldn't confirm this for sure.

As a freelancer or 'employee' if you like I don't question that of the higher management. I may voice concerns which I did on occasions however they were answered and I was happy with the reply.

However, things started to go a little bit south here. The ICO started in April 2018 and was meant to run for 6 months but ended up running for 12 months. By the end of the ICO, I was instructed to convert Eurocredit Classic which was the former currency of Multibuy World over to MB8 Coin via the Distribution system. Again I voiced my concerns not only about the connection between the companies but also the fact it liquidates the supply and essentially makes the ICO a little pointless. But again I received a response from management on both sides to which at the time I was "ok" but cautiously proceeded with.

During this distribution, it caused a series of problems for the system, purely because the system had not been designed to do this from the outset. It had been designed for someone to buy MB8 Coin and receive them during the distribution phase. Not to allow huge amounts of imports from historical databases. Nevertheless, we utilised the bounty import procedure to get round this. But, it did go wrong and took a few weeks to correct the data. But as far as I am aware it was all resolved.

When the ICO concluded it quickly became apparent to me that were some differences between what was said in the whitepaper to what as actual, one example being the wording "2100+ Buinesses ready to accept MB8 Coin". I was always concerned about this as at the point of conclusion there was no infrastructure to do this, and still do this day isn't.

In 2019 things started to fall apart at Blockchain Scotland, with higher management being off work or unreachable, which left only a few core team, including me to try and help the project we started MB8 Coin. But the company did not work and the Directors ended all our employments in October 2019. As I was a very public figure during the ICO process and even to this day for MB8 Coin, like Paul is too. We have always felt we need to do as much as we can to help, however at the same time I needed to have an income for myself.

My monthly payment like most of the team for this project was a flat £1500 a month, sometimes a little higher if I'd paid server bills and so on. But always around there. The reason I opted for a lower payment was to make the company (Blockchain Scotland) succeed to which point I would be made a shareholder or director. This never happened.

In 2019 at some point Myself Paul and Chris formed Blockchain Scotland DCP LLP in an effort to transfer everything over to a new management structure (Myself Paul and Chris) in an effort to save Blockchain Scotland Ltd and its the team from collapse, this was objected to and fell through, as such the company Blockchain Scotland DCP LLP was dissolved.

As no agreement could be made on anything and the project MB8 Coin was in limbo with no functionality being made available, myself and Paul had no option but to work together and try and make an income together to rebuild our lives. We formed Bitchain Scotland at the end of 2019 but renamed it to Rocketing Ltd in 2020 with the vision to do a wide range of things from land-based tasks to website building etc.

As I said earlier Myself and Paul were very public in MB8 Coin and as such even when we explained that Blockchain Scotland had ended we still had many community members contacting us asking for updates, and rightly so too, I completely understand everyone's frustrations when there is little or no going on. which leads us on to Rocketing Ltd is owned by Myself and Paul like it is said in the Multibuy Newsletter, but we did not create MB8 Coin and were not contracted to do so. We did have a total of three contracts with Multibuy which are detailed below. Rocketing Ltd was never intended to work directly with Multibuy, and in fact Multibuy was only 1 of our customers digitally.

1: To provide support via email, telegram Facebook and other sources.
2: To provide two versions of MB8 Coin Payment options for WordPress, One 100% payment and one being partial. Both were licenced and provided.
3: Provide volume support for MB8 Coin on the exchanges.

All contracts concluded by February 2021, some did not last long at all. Multibuy decided to take all the development, support and volume support in-house with their own teams.

That is the story and the truth. All I want now is to move on with my life and build websites to help small businesses get online. I am looking at other work which does have a form of crypto in it, but I will never attach myself to a company so much, and now myself and Paul are in control the due diligence will be done thoroughly. I am not being burnt twice.

I kind of hope that clears the air a bit. But I am not a scammer and take huge offence to be called that. Anyone that knows me well enough, will tell you I am the polar opposite and will give anyone my last penny if it helps them.

Ultimately its like this:

Whether or not this guy knew he was helping to build a scamcoin is irrelevant. Even if he wasn't in on it, he exhibits extremely poor judgment when choosing projects as a developer, and I would not have confidence in whatever he did going forward. The only actual difference is the legal liability part.

MultiBuy, the company that apparently hired our friend here, had been exposed as a MLM/Ponzi scheme well over a year before he would have been approached to build the coin and lead the community, or whatever he did on Telegram.


He did more than that, and I would say this is beyond "offering support":




Not true. He was also the co-owner of the company hired to develop the coin:

Feb 2021 newsletter

Not a whole lot about Paul Stewart, other than previous MultiBuy clients weren't impressed with the way Blockchain Scotland (a former company founded by both Stewart and Potts) handled the MB8Coin ICO.

https://behindmlm.com/mlm-reviews/multi-buy-world-review-e50-eur-adcredit-ponzi-with-e-commerce/

According to Dan, Rocketing Ltd has been dissolved (though it is still listed as an active company). Both Dan and Paul Stewart are now part of a newer company called Cryptopal.

What does Cryptopal do? They facilitate the purchase of MB8Coin (a scam) using credit cards and wire transfer.   And mind you, this is of Feb. 14th 2021, the date of the newsletter.

To be fair, the website is down. Maybe it occurred to Dan it was a bad idea to sell a scamcoin for fiat.


Did our buddy have a genuine change of heart and legit wants to clear his name, start his career anew and this time on the side of good?

Let's hope so.

It looks like he was going to, but then he deleted the post, along with all the other posts he made.  This morning I got the ninja-notice below, but the post was deleted before I checked the forum.  Maybe he figured to let sleeping dogs lie.



@danpotts91: Just for the record, the first two pages of this thread make it pretty obvious you were involved in a scam project.  If your involvement was merely incidental to the scam itself, then please explain yourself.  If I am proven wrong, I'll retract my statement and issue a public apology for calling you a scammer.

I was thinking about it and this would be a clever way to pile dirt on somebody's reputation... I guess we won't know until we hear what he has to say about it.

FWIW Dan I'm willing to hear out what you have to say, maybe there's an explanation we haven't considered.

So, your trying to remove any reference to your participation in previous scams so your future scams don't suffer bad PR before they can start scamming.  You probably thought that was a very clever idea when you first had it.  What happened instead is you just informed everyone on the forum that Dan Potts is a scammer.  

Thanks for the warning, before this thread was bumped I has no clue who Dan Potts was.

You didn't know MB8 was an MLM scheme? Those always end poorly for the majority of participants. Loss is an inescapable outcome. What is it that you hope to move on to after this?

MB8 was accused of being a Ponzi long before MB8Coin was a thing.

https://behindmlm.com/mlm-reviews/multi-buy-world-review-e50-eur-adcredit-ponzi-with-e-commerce/

This was published and floating around the web waaaay before MB8Coin ever came into existence. You didn't want to perform the slightest due diligence before throwing your supposed "reputation" behind this project?

I for one would not trust any project you attached your name to. It's also weird that the MB8Coin profile scrubbed their post history around the same time you created an account here.

You decided to work with criminals. You bear the outcome.

I am not sure what's going on here, but someone who has access to their MB8Coin Bitcointalk account deleted all messages from his ANN thread a few days ago.
OP, you know, even if you delete this thread, everything is archived and it's possible to find it again on https://ninjastic.space/
it all seems to me like they want to start a new project again, but I don't see what new they have to do.

The coin appears to be a dead scam. The website hasn't been updated in months. What has changed since this that anyone needs to be aware of?




That's your community and reflective of the community you built. Speaking of your community, let's see what's been happening in your Telegram group lately.

May 2nd

May 23rd

May 24th

What is MultiBuy, anyway? It's a MLM/Ponzi scheme, of course.

https://www.trustpilot.com/review/multibuyworld.com

So what exactly are you doing here, reviving this thread after two years? Really hoping to resuscitate your reputation or something? If so, I would say that went poorly.

OP or any of the mods should lock this thread. Issues have all been resolved and the web wallet has been decommissioned. Case closed!

I have the same problem. Coins appeared in my wallet and then disappeared. Support does not respond to emails. There are no answers on the telegram channel. So the problem is not solved and this thread should not be blocked.

Update:

And they responded to my appeal



The moment the coins entered the wallet, they were transferred to an external wallet that they do not hold. Are they laughing at me? Given that this is not the first case, I believe that the team is cheating with payments to participants of the bounty company.

And then they added this answer

You do something wrong there. It is very clear in the bounty thread. No ETH address, you are asked for email address. I guess now is too late to change email address, but it seems it is your fault.

I guess you are talking about bounty rewards. As I know, you need to provide the email address registered on his platform to receive coins from the bounty. It's no matter which addresses you entered when participate, he sent rewards to his web wallet accounts. Try to reset the password if you are registered there, it's possible that your coins are still there.

I hope all people issues are resolved before the end of this month when the web wallet will be decommissioned. I still see people complaining at the telegram channel about their problems but team is actively resolving them.
As far as your concern about the price, in past few days all the alt coins are facing this issue because of the bitcoin dump. The situation will recover quickly.

With this, I think we all have come to a happy ending. It will be quite understandable if the OP will lock this thread then since all issues have been resolved. It is sad however that the MB8coin is taking a serious beating from the market at this time.

This is now working and I got my coins on my wallet.

Was happening something wrong and strange, when I pressed the reset email the link on the following email was wrong and the email was for another account.

Thanks to a guy on telegram they quickly fixed it and I was able to move my coins.

You and me had the same issue and they also send me the same thing to change the password. Before that they also send the email in which  they told that when i made the previous transaction the maintenance was going on and the coins did not transferred. but now the issue is noted and resolved.
I changed my password as directed and my funds were back in my account. Now i have successfully transferred them to my desktop wallet.

You may follow the steps and recover your funds too.

This story is now assuming a strange behavior.

They answered my email. They said "RESET YOUR PASSWORD WILL WORK"


Surplice this is not working.