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Topic: MCXNow Realsolid Has Screwed Everyone. MCXNOW SHUTTING DOWN!! - page 6. (Read 8372 times)

legendary
Activity: 980
Merit: 1000
On the subject of RealSolid and scams, let's talk about worldcoin and how close they were with realsolid. Hmm, wonder what's going on there?
legendary
Activity: 2772
Merit: 1028
Duelbits.com
Brutally crazy man, he just doesn't give a shit about what he done ot his users, lol, and bitches about his hard life and how running the site was making him mad.

He just doesn't care, it's most cold blooded scammer I've ever seen.
sr. member
Activity: 368
Merit: 250
bitify.com - Bitcoin Marketplace & Auction site
I've been telling a close mate of mine to pull out since the 45k fee shares were posted... It was obvious that RS would dump the remaining 17k down to < 0.1 and buy most of them back up...
People have bought at 0.4 and sold at 0.1-0.2. RS would have made 0.25 BTC on average from 28,000 shares = ~7,000 BTC x $915 AUD (as of now) = ~$6.4m
sr. member
Activity: 308
Merit: 250
You might want to post this in List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses

https://bitcointalk.org/index.php?topic=83794.220

With 25000 shares sold @ 0.4 BTC = 10000 BTC at the current valuation = $8.3million

This makes this particular chain of events the biggest scam in Bitcoin history, (if that is what it is perceived to be, and is my opinion).

I think this is spot on.
hero member
Activity: 680
Merit: 500
You might want to post this in List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses

https://bitcointalk.org/index.php?topic=83794.220

With 25000 shares sold @ 0.4 BTC = 10000 BTC at the current valuation = $8.3million

This makes this particular chain of events the biggest scam in Bitcoin history, (if that is what it is perceived to be, and is my opinion).
full member
Activity: 224
Merit: 100
Trust me, you will not see the site come back up.  He's done for and if you don't take out your money, you are stupid.  Go post to his scam thread here.  If it does come back up, it's only to scam you again.  How you like your fee shares dropping like a rock

https://bitcointalk.org/index.php?topic=347008.new#new


As far as I understand, the website has the capacity, but a one-man team can't keep up with all the emails etc., so whatever it was that broke today was probably just too much. He hasn't gone and stolen every coin in the exchange.

No question that how he handled it was far from good, and leaving people with the option of selling fees at a huge loss, or letting their cash sit in limbo for up to 3 months is grim to say the least. That said, he's a good dev, with a great site - there's no reasonable reason to expect him to just drop it all when it's making good money. If he needs downtime to make support manageable on a larger scale, and find the time to actually add the features he's been promising (come on, you're the same guys who'd be jumping up and down, screaming scam because he didn't deliver the new stuff), at least he's honest about it.
legendary
Activity: 980
Merit: 1000
As far as I understand, the website has the capacity, but a one-man team can't keep up with all the emails etc., so whatever it was that broke today was probably just too much. He hasn't gone and stolen every coin in the exchange.
Why would he? That leaves the door open for legal action. He already made 14000 BTC from selling shares of a defunct exchange. There's no reason to steal the funds now.
newbie
Activity: 50
Merit: 0
As far as I understand, the website has the capacity, but a one-man team can't keep up with all the emails etc., so whatever it was that broke today was probably just too much. He hasn't gone and stolen every coin in the exchange.

No question that how he handled it was far from good, and leaving people with the option of selling fees at a huge loss, or letting their cash sit in limbo for up to 3 months is grim to say the least. That said, he's a good dev, with a great site - there's no reasonable reason to expect him to just drop it all when it's making good money. If he needs downtime to make support manageable on a larger scale, and find the time to actually add the features he's been promising (come on, you're the same guys who'd be jumping up and down, screaming scam because he didn't deliver the new stuff), at least he's honest about it.
full member
Activity: 224
Merit: 100
If anyone can find his fucking ass.

http://www.asic.gov.au/asic/asic.nsf/byheadline/Insider+trading+and+market+manipulation+-+a+speech+by+the+ASIC+Chairman?openDocument

from the pdf :

"Currently, an individual who engages in insider trading in Australia and is
found guilty of a criminal offence is subject to a maximum fine of $220,000
and/or five years imprisonment. For market manipulation, the punishment is
a maximum fine of $22,000 and/or five years imprisonment.

A corporation found guilty of an offence for insider trading is liable for a
fine of up to $1.1 million. For market manipulation, a maximum fine of
$110,000 is applicable.
In the civil penalty regime, for both insider trading and market manipu
lation, an individual is liable for a fine of up to $200,000 and a corporation
$1 million. "

This was from 2010.
sr. member
Activity: 248
Merit: 251
http://www.asic.gov.au/asic/asic.nsf/byheadline/Insider+trading+and+market+manipulation+-+a+speech+by+the+ASIC+Chairman?openDocument

from the pdf :

"Currently, an individual who engages in insider trading in Australia and is
found guilty of a criminal offence is subject to a maximum fine of $220,000
and/or five years imprisonment. For market manipulation, the punishment is
a maximum fine of $22,000 and/or five years imprisonment.

A corporation found guilty of an offence for insider trading is liable for a
fine of up to $1.1 million. For market manipulation, a maximum fine of
$110,000 is applicable.
In the civil penalty regime, for both insider trading and market manipu
lation, an individual is liable for a fine of up to $200,000 and a corporation
$1 million. "

This was from 2010.
full member
Activity: 224
Merit: 100

you sound like one of his paid pumper supertramp.  they will not come back.  mcxnow is done.  he will not comee back due to all the scammer accusations

Am I the only one who thinks this is a smart move? Bitcoin websites don't scale. I think its a good idea to take a break, fix it, then come back ready.
Pulled straight from the website:

Powered by C++ / 1 million user capacity / 3 Tier network security / Protected by Experience (tm)
The trade engine might be able to support that, but other things outside of that break. I can't even imagine having to keep multiple coin wallets up to date. Not to mention security concerns. Even BIPs just got hacked. Not to mention overwhelming support requests.

I'm sure he probably has plenty of BTC from Fees to hire a dev and support team so that it can actually scale to 1 million users.

Edit: Then again I could be completely wrong, but I'm just trying to present a balanced argument.
legendary
Activity: 1148
Merit: 1018
It's about time -- All merrit accepted !!!
Ive seen your posts and others about him.
I am even more curious about who is pumping it up at BTCE.com
Feathercoin got a nice little lift the other night & Nova Coin today??
Clearly a lot of money is behind it ?
legendary
Activity: 2772
Merit: 1028
Duelbits.com
He just doesn't give a shit. People who invested in his fees are down dozens of thousands and he is completely calm.
legendary
Activity: 980
Merit: 1000
So it went in one day from 'Join in the Wealth Creation' to 'Later'
A lot of people warned users of this forum from purchase of those shares.
Hopefully not too many real people got burned.

Seem to be a growing number of scams in the coin world as they gain popularity.

Because cryptocurrency has put a lot of money into the hands of those who are not only awful at managing it, but are among the worst judges of character.

If you did 15 minutes of research into RealSolid's history, you wouldn't trust a penny with him.
legendary
Activity: 1148
Merit: 1018
It's about time -- All merrit accepted !!!
So it went in one day from 'Join in the Wealth Creation' to 'Later'
A lot of people warned users of this forum from purchase of those shares.
Hopefully not too many real people got burned.

Seem to be a growing number of scams in the coin world as they gain popularity.
legendary
Activity: 1094
Merit: 1006
Am I the only one who thinks this is a smart move? Bitcoin websites don't scale. I think its a good idea to take a break, fix it, then come back ready.
Pulled straight from the website:

Powered by C++ / 1 million user capacity / 3 Tier network security / Protected by Experience (tm)
The trade engine might be able to support that, but other things outside of that break. I can't even imagine having to keep multiple coin wallets up to date. Not to mention security concerns. Even BIPs just got hacked. Not to mention overwhelming support requests.

I'm sure he probably has plenty of BTC from Fees to hire a dev and support team so that it can actually scale to 1 million users.

Edit: Then again I could be completely wrong, but I'm just trying to present a balanced argument.
legendary
Activity: 980
Merit: 1000
Am I the only one who thinks this is a smart move? Bitcoin websites don't scale. I think its a good idea to take a break, fix it, then come back ready.
Pulled straight from the website:

Powered by C++ / 1 million user capacity / 3 Tier network security / Protected by Experience (tm)
hero member
Activity: 680
Merit: 500
realsolid notified him early so he was able to liquidate.  he was no longer on the rich list. only realsolid's 1000 share was on there.  so he allow his buddies to know.

Ouch that's gotta hurt davidpate was buying mcxfee's at 1 BTC each and had over 1000....

Has to be one of the biggest scams in Bitcoin history.

If that's true then he had an unfair advantage which is even worse, also it's been @ 0.2 for some time so still a huge loss and there were many buyers relying on the long term potential of those shares whilst happy sitting on a short term loss. This whole affair has been handled dreadfully and I feel very sorry for everyone involved....
legendary
Activity: 1094
Merit: 1006
Am I the only one who thinks this is a smart move? Bitcoin websites don't scale. I think its a good idea to take a break, fix it, then come back ready.
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