Medic coin fraudulent scam attempt by people claiming to be part of their team - page 2.

xtraelv

legendary

Activity: 1274

Merit: 1924

฿ear ride on the rainbow slide

Quote from: xtraelv on April 05, 2018, 05:58:01 PM

Nice claim that "Medic coin" paid for it.

Why is "Hanson Nyugen" claiming the tax credit ?

Quote from: ?? on ??

Quote from: bitcoin9999 on April 05, 2018, 06:06:21 PM

It is from the goodness of the donor's heart. Nice job donating $1000 to the refugees. Please do the same. Syrian refugees need our help. We should send more goods and money to the refugees.

That doesn't answer the question. Why are you dodging the question ?

The claim is that "Medic coin" paid for it. Why is "Hansen Nyugen" claiming the tax credit ?

xtraelv

legendary

Activity: 1274

Merit: 1924

฿ear ride on the rainbow slide

Quote from: togoshigekata on February 17, 2018, 08:04:22 PM

MEDIC Coin had a 30%+ Premine, but do not state this fact in their original post, github, or website.

Bitcointalk OP: https://bitcointalksearch.org/topic/ann-medic-coin-foldinghome-gpu-mining-masternode-coin-2753447
Github: https://github.com/MEDICCOIN/MedicCoin/blob/master/README.md
Website: https://mediccoin.com/

The first 1,500 blocks paid out 100,000 MEDIC each,
totaling 150 million MEDIC out of the total supply of 500 million MEDIC
150/500 = 30% premine

===

Proof:

Starting January 3rd:

Block 1 through 1,500 - 100,000 MEDIC reward per block
Block 1: https://explorer.mediccoin.com/block/974c66768a079b1ddc38613e6733cba24470c7b50c7ccae64240e42178aedf9d
Block 1,500: https://explorer.mediccoin.com/block/94f0a3c3c479ff8cc8f525a50dfa8d5490dc96c7293dc62a105e307c2f7863c2
(Just type in block number into explorer to check each block)

Block 1,501 - Standard 199 per block reward
https://explorer.mediccoin.com/block/47449755c00f525970673e4abcf07be53a82a4917ed60c2cfd393ebb73278dff

Medic Coin wasn't announced on Bitcointalk until January 14th,
Blocks 1,501 through 22,000+ were also mined between January 3rd and January 14th launch time.

===

How many of these coins were turned into Masternodes?
https://masternodes.online/currencies/MEDIC/
There are only 45 masternodes currently

They reward 80% block rewards to Masternodes

The 4th block mined was used to create a Masternode:
https://explorer.mediccoin.com/tx/0624c5eae9e0d5c591b86e03d70cbc73eac0b1f8b9ebf7fc03097d61c30d7b4b
https://explorer.mediccoin.com/address/MCbkypXP6rpoyiHjkHHCCcU39p8XDuMLpE
https://explorer.mediccoin.com/tx/da48bc0873d74e5a5f1d2e9798bc15a7c56fb6dccf3cdea6ba33946de095a240
https://explorer.mediccoin.com/address/MGqGDS4oLmKhrWXRb3gros2RoxPMrNexqW (Can see the 159 coin (80% of 199) reward payments)

How many masternodes were created with their premine coins?

Can anyone do more analysis?

===

"Maybe some els also have concern about 30% premine and 10 days of mining before public launch on discord, they banned me.
They only answer they gave me was that they needed premine to test the network... Hmm wonder what testnet is for" -NorwegianNoob (January 14th)
https://bitcointalksearch.org/topic/ann-medic-coin-foldinghome-gpu-mining-masternode-coin-2753447

"it is already mined 25,000 block" -bgonuller (January 14th)
https://bitcointalksearch.org/topic/m.28142579

"We have products so we need 30% to pay for it.
Our Medic EMR, Medic Phone Telemedicine app, and a team of developers, marketers, and philanthropists need money to work.
Other ICO keeps 100% of the money. We gave away 70% so that is fair.
This is not just a coin, but a masternode coin with products and people." -bitcoin9999 (January 14th)
https://bitcointalksearch.org/topic/m.28143386

xtraelv

legendary

Activity: 1274

Merit: 1924

฿ear ride on the rainbow slide

What happened: Someone claiming to be part of the Medic Coin (MEDIC) team is making false and fraudulent claims

Scammers Profile Link: https://bitcointalksearch.org/user/ziyush-1546400 and https://bitcointalksearch.org/user/libbounty-1864266

Reference Link: https://bitcointalksearch.org/topic/cryptopia-is-a-good-exchange-3247456 edited since by OP - archived versions can be seen here:
https://web.archive.org/web/20180411015330/https://bitcointalksearch.org/topic/cryptopia-is-a-good-exchange-3247456
https://web.archive.org/web/20180411015400/https://bitcointalk.org/index.php?topic=3247456.20

Amount Scammed: attempted around 12BTC (5 Million DOT)

I'm attempting to make this as fair and accurate as possible. If there is a correction to be made please PM me or leave a post.

Someone claiming to be part of the team is making false and fraudulent claims here: https://bitcointalksearch.org/topic/cryptopia-is-a-good-exchange-3247456

Medic coin has since responded and confirmed that:

The version of medic coin that was listed is NOT the same coin as what is in existence now. It is in no way related other than that it shares the same name.
(The old Medic coin also never paid for any listing)
Old https://github.com/mediccoincrypto/MDC-V2
New (unrelated coin of same name) https://github.com/MEDICCOIN/MedicCoin

And:

MedicCoin (MDC) 33,000,000 blockchain maximum supply - Genesis block was in 2015. The network no longer has working nodes at time of writing. It also has no working block explorer.

Medic Coin (MEDIC) 500,000,000 blockchain maximum supply https://explorer.mediccoin.com/block/974c66768a079b1ddc38613e6733cba24470c7b50c7ccae64240e42178aedf9d Genesis Block number 1 was on 3rd Jan 2018 10:42:38

EDIT: Further research shows that the Medic coin thread is a self moderated thread that is typically inhabited by shills. Questions regarding any dodgy claims by them are deflected, ignored and if not deleted burried in their self praise.

https://cryptoinsider.21mil.com/advent-and-ramifications-of-hypershitcoinization/
https://medium.com/@dmitry.vizer/pure-junk-alt-coin-scam-alert-a74976602556

Further scam claims regarding the premine can be found here: https://bitcointalksearch.org/topic/medic-coin-scam-hidden-30-premine-used-for-masternodes-2969401

Topic: Medic coin fraudulent scam attempt by people claiming to be part of their team - page 2. (Read 454 times)