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Topic: Minter - just a normal Shitcoin or a Scamcoin? (Read 649 times)

sr. member
Activity: 1092
Merit: 273
ONLY BTC- https://github.com/cgewecke
October 04, 2019, 04:56:33 AM
#34


This site decentr.me is not valid. The correct site is called decentr.org.
Be careful in your investigations.

Stop threatening users with the signature of a project that is made like many pyramids from russia like a deeponion. The links are all correct and prove that this project was created by developers who were previously seen in the scam.
sr. member
Activity: 994
Merit: 263
PassiveIncomeHunter


This site decentr.me is not valid. The correct site is called decentr.org.
Be careful in your investigations.
sr. member
Activity: 1092
Merit: 273
ONLY BTC- https://github.com/cgewecke
hero member
Activity: 2002
Merit: 578
Shitcoin or scam?
Change that title
It is still a question so you don't have to worry about it but the riskiness and doubt is still in there within this project so better not change at all the title. Defending it because you've been part of their airdrop? Don't worry if they'll distribute it to participants it will be half on the expected value of the coin, that's I am guessing.

So what title fits perfectly on their project?
hero member
Activity: 2926
Merit: 567
Shitcoin or scam?
Change that title, ....
Nope.
I don't see any reason to change the title. "Shitcoin or Scamcoin" fits perfectly because it's either one of both. If it's "Scamcoin" I'm sorry for the investors but that's up to everyone when someone is investing in risky projects to make big money and I hope the Scamcoin devs will get caught and a fair punishment. If it's "Shitcoin" => same applies like for "Scamcoin" but the devs have still some benefit of doubt. I understand that Shitcoin business isn't easy to manage and I'm open to call any "Scamcoins" only "Shitcoins" if there's a random reason that it might be not a Scam.

But almost 95% of all coins are Shitcoins and they will die somewhere in the future. That's why new content in "Scam Accusation" is posted very frequently.  Wink

And "Shitcoin" is not a defamation. It's an official term to describe a coin without (most of the) features a good cryptocurrency (like Bitcoin) is famous for. You should try to evaluate if a Coin is a Shitcoin or a Coin like - wait - a congressman.

Meanwhile, I'm going for Bitcoin and let's see which coin will have made a better return in 2 / 3 / 4 years. I guess your Shitcoin will have almost no value by then anymore compared to Bitcoin.  Wink

I've seen many bounty hunters promoting this coin and I'm a member of their telegram channel as well, I don't see anything wrong changing the title, actually, this is a challenge for the team, because the majority of coins right now, new and old are tagged as shitcoins, it's a challenge for them to prove otherwise.
legendary
Activity: 2142
Merit: 6769
Currently not much available - see my websitelink
Shitcoin or scam?
Change that title, ....
Nope.
I don't see any reason to change the title. "Shitcoin or Scamcoin" fits perfectly because it's either one of both. If it's "Scamcoin" I'm sorry for the investors but that's up to everyone when someone is investing in risky projects to make big money and I hope the Scamcoin devs will get caught and a fair punishment. If it's "Shitcoin" => same applies like for "Scamcoin" but the devs have still some benefit of doubt. I understand that Shitcoin business isn't easy to manage and I'm open to call any "Scamcoins" only "Shitcoins" if there's a random reason that it might be not a Scam.

But almost 95% of all coins are Shitcoins and they will die somewhere in the future. That's why new content in "Scam Accusation" is posted very frequently.  Wink

And "Shitcoin" is not a defamation. It's an official term to describe a coin without (most of the) features a good cryptocurrency (like Bitcoin) is famous for. You should try to evaluate if a Coin is a Shitcoin or a Coin like - wait - a congressman.

Meanwhile, I'm going for Bitcoin and let's see which coin will have made a better return in 2 / 3 / 4 years. I guess your Shitcoin will have almost no value by then anymore compared to Bitcoin.  Wink
newbie
Activity: 8
Merit: 0
Shitcoin or scam?
Change that title, it's so easy this days to defame coins and business using this scam report section.
I participated on their airdrop too and everything went allright.
Then a retard kid like you decide to defame all over the place because Dota2 is updating and he got some time to spend online.
How about you get a girl friend?
sr. member
Activity: 994
Merit: 263
PassiveIncomeHunter
Minter Roadmap USA

Minter's team shared plans for development in the United States. The most important things to know:

▪ Minter Development Foundation (hereinafter - MDF) will be responsible for the promotion of Minter-based projects in the USA
▪ The best projects will be offered agreements with MDF with the support of lawyers + marketing support for large amounts in US dollars
▪ Development and support of the blockchain core will be carried out by the American company Grom, headed by Daniil Lashin
▪ The team makes great efforts to comply with all SEC rules
▪ MDF is working to list BIPs on exchanges. There will be no manipulations with the course / trading volume from the team
▪ Evgeny Gordeev will continue his work on the concept of the Internet of money
legendary
Activity: 2142
Merit: 6769
Currently not much available - see my websitelink
Sounds reasonable. I hope they won't let you down when their project will face difficulties (most projects will get them and then, an experienced and honest team is essential to make the right decisions). If their service can be used to buy food in McDonalds in Russia that's already a good achievement.

As I wrote earlier, the manager who leads this company cheats.
Ok, maybe you can ask a professional scam detector to do an investigation. Unfortunately, ICO Ethics doesn't seem to be active anymore but lovesmayfamilis or witcher_sense are also doing a great job and as far as I know both of them are speaking russian. Or you can open a new thread yourself and present the evidence easy to understand for non-russian speakers. But I think, since it's a russian project, most relevant sources are in russian and very lengthy to read and complicated to explain this looks like it's better to make a scam accusation in your russian local board. You have a few very good DT Members in your local board and if they can confirm your proof, they'll take action if needed.

The problem is that they don't have a real account. All ANNs / Bounty topics are posted by different accounts, I don't know which one is handled by them (or maybe all accounts  Cheesy):

Bounty Russian by BOMG: https://bitcointalksearch.org/topic/bounty-minter-5180961
Minter ANN Russian by BOMG: https://bitcointalksearch.org/topic/minter-tendermint-5164880
ANN 10/2018 by Jungarin: https://bitcointalksearch.org/topic/minter-network-fast-cheap-transaction-fees-easy-to-use-5052767
ANN 07/2019 by bitjudge: https://bitcointalksearch.org/topic/ann-minter-the-internet-of-money-5166420
Bounty international by doreraj: https://bitcointalksearch.org/topic/bounty-signature-minter-signature-campaign-50-000-worth-completed-5181035
ANN 06/2019 by doreraj: https://bitcointalksearch.org/topic/minter-mainnet-live-huge-community-working-apps-great-liquidity-join-5159394
sr. member
Activity: 1092
Merit: 273
ONLY BTC- https://github.com/cgewecke
Sounds reasonable. I hope they won't let you down when their project will face difficulties (most projects will get them and then, an experienced and honest team is essential to make the right decisions). If their service can be used to buy food in McDonalds in Russia that's already a good achievement.

As I wrote earlier, the manager who leads this company cheats.

Quote

Aпдeйт: 
Итaк cмoтpим зa иx вeткoй пepвaя cтpaницa peгиcтpaции c paзницeй нecкoлькo минyт - https://bitcointalksearch.org/topic/bounty-minter-5180961
И cмoтpим зa pyкaми o чeм paнee yвaжaeмый мнoю MaoChao пиcaл вмecтe c KTC.
https://bitcointalksearch.org/topic/merit-abuse-5158721

Итoгo- BOMG aвтop тoпикa, First1by tommyj1, Doging, xaker74, udivkx и мнoгиe дpyгиe этo oднo и тoжe лицo a тoчнee aльтфepмa.
Кoгдa иx вcex нopмaльнo тaк пoкpacят?


I translate into English, BOMG creator of minter topic , First1by, tommyj1, Doging, xaker74, udivkx and more. https://bitcointalksearch.org/topic/merit-abuse-5158721
This is one and the same person.
This farm was previously seen in the wrapping and painted.
The registration goes one after another, and there was also a transfer of merites.
Now they clog the forum with meaningless messages.
legendary
Activity: 2142
Merit: 6769
Currently not much available - see my websitelink
Sounds reasonable. I hope they won't let you down when their project will face difficulties (most projects will get them and then, an experienced and honest team is essential to make the right decisions). If their service can be used to buy food in McDonalds in Russia that's already a good achievement.
newbie
Activity: 7
Merit: 1
- Investors are not investors, but buyers of a non-working product.
I can send you 100 BIP for testing this "a non-working product".
You can sell it (for example here https://minter.1001btc.com/en/) or delegate in some validator (choose it here https://minter.stakeholder.space/validator/overview/) and get about 0.5% a day (it is decreasing)
The fact a coin is traded somewhere doesn't prove if it's a legit coin. Bitconnect was also traded on many exchanges and was a scam coin. I don't compare Bitconnect with Minter but a coin listed on exchanges doesn't prove anything.
In addition, most PoS coins with high returns are often ending up as dumped shitcoins because all the stakers are trying to sell them but there are no buyers...




That is true, I see most of the users prefer stake and sell and price eventually goes down. The dev team bets on projects, that are based on minter custom coins that will boost the economy. I saw a few games that use custom coins for internal bonus programs - great use case, I think! but adoption will not go fast. Also team is building an exchange where project owners may sell bip with priority. Doubt that this will work, but who knows, I really want to see this in action. The network still in it's early stages and all good new projects are very welcome by community. Also low prices is good for new projects that wants to enter, hope there will be more of them in the near future.

legendary
Activity: 2646
Merit: 1141

The fact a coin is traded somewhere doesn't prove if it's a legit coin. Bitconnect was also traded on many exchanges and was a scam coin. I don't compare Bitconnect with Minter but a coin listed on exchanges doesn't prove anything.
In addition, most PoS coins with high returns are often ending up as dumped shitcoins because all the stakers are trying to sell them but there are no buyers...


I agree with your remarks. But it is important how many real services will be launched on the platform. Services that can be used offline. In Minter already has the service allows to buy products without changing the BIP on Fiat currency. There is a service that allows you to buy food in McDonald's for BIP tokens (only in Russia yet). And a lot another services that help users like exchanges, telegram bots and so on.
legendary
Activity: 2142
Merit: 6769
Currently not much available - see my websitelink
- Investors are not investors, but buyers of a non-working product.
I can send you 100 BIP for testing this "a non-working product".
You can sell it (for example here https://minter.1001btc.com/en/) or delegate in some validator (choose it here https://minter.stakeholder.space/validator/overview/) and get about 0.5% a day (it is decreasing)
The fact a coin is traded somewhere doesn't prove if it's a legit coin. Bitconnect was also traded on many exchanges and was a scam coin. I don't compare Bitconnect with Minter but a coin listed on exchanges doesn't prove anything.
In addition, most PoS coins with high returns are often ending up as dumped shitcoins because all the stakers are trying to sell them but there are no buyers...


newbie
Activity: 7
Merit: 1

Can someone confirm that the devs of DeCenter are also involved in Minter? I don't speak russian to confirm all the sources...


I am not sure DeCenter.me is somehow connected. Official community site is https://decenter.org/. I am copy-pasting contact infos from their telegram (translated from Russian):

Quote
#1 кaнaл o блoкчeйнe, биткoинe, эфиpe, ICO и дeцeнтpaлизaции.

🔥 Peклaмa и coтpyдничecтвo – @DCTeam

Чaт – @DeChat
Caйт – decenter.org
BК – https://vk.cc/7XyNu0
Boпpocы – help.decenter.org

Founded by @egordeev, for promotions get in touch with @DCTeam

Translation:
Quote
#1 channel about blockchain, bitcoin, ethereum, ICO and decentralisation.

🔥 Advertising and parternships – @DCTeam

Chat – https://t.me/DeCenter
Site – decenter.org
VK – https://vk.cc/7XyNu0
Questions – help.decenter.org

Founded by @egordeev, for promotions get in touch with @DCTeam

Egordeev is a product in DeCenter, as he claims in his telegram channel https://t.me/egordeev

I am also interested if decenter.me and decenter.org somehow connected. I am also Minter participant from the ICO.

legendary
Activity: 2646
Merit: 1141
Quote

- The far-fetched nature of the problems solved by the product.
- Lack of UTP before direct competitors - ETH and EOS.
- Strong centralization of the platform and token sale.
- There are no smart contracts, they hope for a non-public product TON.
- Unprofessional behavior of the founder with investors.
- The founder, not fulfilling past promises, gives new ones.
- Too few programmers for a product of this size.
- Lack of team responsibility to investors.
- Lack of information on risks taken by investors.
- A few signs of securities are the “Utility” token.
- Investors are not investors, but buyers of a non-working product.

Quote
- Investors are not investors, but buyers of a non-working product.
I can send you 100 BIP for testing this "a non-working product".
You can sell it (for example here https://minter.1001btc.com/en/) or delegate in some validator (choose it here https://minter.stakeholder.space/validator/overview/) and get about 0.5% a day (it is decreasing)
Quote
- A few signs of securities are the “Utility” token.

It was his decision because they use DPOS and delegators get revards. A lot of coins use it and what?

Quote
- The far-fetched nature of the problems solved by the product.
- Lack of UTP before direct competitors - ETH and EOS.
....

a lot of coins does not solve all problems and not so good as ETH and EOS are and what?

"and what" so on for every line
legendary
Activity: 2142
Merit: 6769
Currently not much available - see my websitelink
One hundred percent of the next scam from Russia.
The creators of this project were already participants in the deception in the past and the year before last (DeCenter).

There is even an investigation on this subject, but unfortunately many of the forum participants are ready to sell their reputation for the money that scammers give them.

In Russian but great investigation https://medium.com/golden-borodutch/%D1%87%D0%B5%D1%81%D1%82%D0%BD%D1%8B%D0%B9-%D0%BE%D0%B1%D0%B7%D0%BE%D1%80-ico-minter-dd708bab5db6
Interesting article and although I haven't read it completely I would advise everyone to read that article who's interested to invest in Minter. If it's true that they had past projects and are moving on now to collect more money and do the same thing again that would be a strong scam indicator...

For everyone: I've translated the conclusion but for more details it's recommended to read the article completely:

Quote
Conclusion

The idea may seem very interesting, it would seem: here it is, a blockchain for housewives - but not everything is so smooth. The intermediary in the form of a BIP wallet will create difficulties in the form of additional actions for both customers and sellers who will have to advertise a BIP wallet, and in case of unforeseen problems, install and configure it for customers on the phone. And each time the seller will check with customers the availability of the wallet and the address for sending coins. It’s easier for people to use cashback cards.

In IT projects, there will not be such difficulties because of the automation of the process, but it is more profitable for founders to create non-convertible wrappers than to invest their money in BIP to create a coin whose price will depend on another token. There is no obvious demand for users, only the creation of a bicycle.

Investors have no guarantees that there is no backdoor in the BIP token smart contract. The team talks a lot about its transparency, but does not show the main thing - the smart contract code, which can be full of errors and backdoors, as is the case with the hacking of the Bancor exchange .

And finally, let's name the eleven red flags of the Minter project:

- The far-fetched nature of the problems solved by the product.
- Lack of UTP before direct competitors - ETH and EOS.
- Strong centralization of the platform and token sale.
- There are no smart contracts, they hope for a non-public product TON.
- Unprofessional behavior of the founder with investors.
- The founder, not fulfilling past promises, gives new ones.
- Too few programmers for a product of this size.
- Lack of team responsibility to investors.
- Lack of information on risks taken by investors.
- A few signs of securities are the “Utility” token.
- Investors are not investors, but buyers of a non-working product.
Source: https://medium.com/golden-borodutch/%D1%87%D0%B5%D1%81%D1%82%D0%BD%D1%8B%D0%B9-%D0%BE%D0%B1%D0%B7%D0%BE%D1%80-ico-minter-dd708bab5db6
Via Google Translate



LOL, more information regarding DeCenter (their official website is down):

https://bitcointalksearch.org/topic/decenterme-decentralized-investment-management-3-lifetime-telegram-bot-1753791 (ANN)
decenter.me is a reboot of the Larawith.me Telegram Scam. warning by tmfp

Can someone confirm that the devs of DeCenter are also involved in Minter? I don't speak russian to confirm all the sources...

Quote
In January 2016, Evgeny Gordeev founded the cryptocurrency community DeCenter . In July 2017, he announced an ICO on behalf of the community, and as a result, it resulted in postponements, failure to fulfill promises , loss of respect from the community and refusal to conduct ICOs .
Source: https://medium.com/golden-borodutch/%D1%87%D0%B5%D1%81%D1%82%D0%BD%D1%8B%D0%B9-%D0%BE%D0%B1%D0%B7%D0%BE%D1%80-ico-minter-dd708bab5db6
Via Google Translate

legendary
Activity: 2450
Merit: 1047
thecryptocurrency.directory
One hundred percent of the next scam from Russia.
The creators of this project were already participants in the deception in the past and the year before last (DeCenter).

There is even an investigation on this subject, but unfortunately many of the forum participants are ready to sell their reputation for the money that scammers give them.

In Russian but great investigation https://medium.com/golden-borodutch/%D1%87%D0%B5%D1%81%D1%82%D0%BD%D1%8B%D0%B9-%D0%BE%D0%B1%D0%B7%D0%BE%D1%80-ico-minter-dd708bab5db6

Although written in Russia I've used Google translation to translate it and if this is the case somebody should open a scam accusation on this project or confirm that it has the potential to become a scam and also create a flag, so many people are now promoting this project, it could be to late.
sr. member
Activity: 1092
Merit: 273
ONLY BTC- https://github.com/cgewecke
One hundred percent of the next scam from Russia.
The creators of this project were already participants in the deception in the past and the year before last (DeCenter).

There is even an investigation on this subject, but unfortunately many of the forum participants are ready to sell their reputation for the money that scammers give them.

In Russian but great investigation https://medium.com/golden-borodutch/%D1%87%D0%B5%D1%81%D1%82%D0%BD%D1%8B%D0%B9-%D0%BE%D0%B1%D0%B7%D0%BE%D1%80-ico-minter-dd708bab5db6
sr. member
Activity: 2254
Merit: 258
I have participated in the Minter airdrop campaign at the very beginning of their startup. Approximately a year ago. That time they have been giving 1100 BIP for registration and KYC. I got it in my wallet. Now it equals for around 120$. So, looks like normal guys, don't them? BIP is already at the exchange platform: https://bip.dev/
Ok, did they launch it here on Bitcointalk or do they have an official profile here / Bitcointalk ANN? Looks like it's a legit project but I'm a bit confused why are they using cartoons on their website?  Cheesy
On ICOBench and ICOHolder they are using real pictures...


Up to my view, no matter they using cartoons, it is just visuals.

They are all real ppl, attend events, have office you can meet them face to face if you really wish Smiley

I've also checked it and there's a proof that its real people working on the project, I'm surprised that there is a thread here in this section about Minter, I prefer to promote this project because I believe in what they are bringing to the table, I also been part of project that has an accusations on this section although plain accusations but they are doing good in their roadmap but not in the market.
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