Topic: More Moolah.io concerns.Possible Ponzi-Scheme Being Perpetrated Against Alt-Comm (Read 2591 times)

Awww you're so adorable. Here you go because I know you will love it!

oh fuck off you shit stain

i can't stand you crypto peasants

not a single brain cell between the bunch of you

You seem angry, maybe this will cheer you up

 
what a bunch of fucking losers.

A bunch of sad low-life scumbags who have nothing to do with their lives other than to throw hate at people that they are jealous of

Moolah is gone but you little dipshits continue to spam the forum with this nonsense. You fag boys need to go get some money and then go get a life. sick freaks

If you lost money then just accept it and fuck off!! btc is non refundable, lost btc is non recoupable thats what you signed up for now shut the fuck up and accept your losses

we want answers on Moolah.io.

If you lost funds from Moolah, please post it here so we can take action: https://bitcointalksearch.org/topic/moolah-scam-on-mintpal-reporting-missing-coins-824211

It wasn't sustainable. It's bankrupted now.

What does moolah do that's a ponzi scheme?  I thought they had payment tools for altcurrencies?  I can understand a scam - but I don't get how an exchange + payment tools could be a ponzi

looks like you were right OP. there goes the 500+ btc from investors.

I'm am a member of the Dogecoin community on Reddit. 

I am also a member of the BitcoinTalk community who began questioning whether MTGOX was insolvent back in March of 2013 and got nasty PM's for questioning the credibility of MTGOX. Only one of those members has apologized since the collapse of GOX. 

I have no business relationship with moolah, but what Alex Green is doing smells like a ponzi-scheme.  And if it is, I won't lose a dime, but the reputation of of the Dogecoin community will once again be tarnished.  He's not only in the Dogecoin community but is in other alt-coin communities as well as Bitcoin.

I don't think I will change minds, but like MTGOX, I'm posting here because I can't just sit idly by and at least not try to warn people of the possible fraud.   

In the interests of fairness perhaps you could start this process by declaring who you are and what your exact relationship to Moolah.io or Moopay is?

http://www.reddit.com/r/dogecoin/comments/21e8mj/moolahio_atm_update_and_75k_doge_pledge/


As the Moolah.io is currently going through the second round of investment I truly belive that we, the dogecoin comunity, deserve an update on the status of their first original product Moolah ATM.

I have only one kind requests to /user/moolah_

Please post the video of the working prototype of Moolah ATM ideally with your face in it. It does not need to be professional, phone video will be just fine. A simple demonstration of how the unit works.

If you are concerned about your privacy then do not include your face in the video just present the working machine. But later please verify your identity with dogecoin funders. Make a skype video call then arrange to meet them face to face to present your company. We respect your privacy but in this stage that minimum level of verification (very simple skype video conference) is required.
END OF REQUEST

The units are surely ready in this stage according to your posts
https://twitter.com/moolah_io/status/440251006597992448[1]

http://www.reddit.com/r/Bitcoin/comments/20kxl8/prelude_the_digital_currency_exchange_by_moolah/cg4fxpy[2]

http://www.reddit.com/r/moolah/comments/20s4t8/so_i_missed_the_prototype_atms_and_piece_of_the/cg86oqo[3]

Please DO NOT:
* DO NOT accuse people asking simple question of spreading FUD

* DO NOT list other Moolah.io product platforms, this subredit is full this information and it only serves as a distraction from the original question of Moolah ATM

* DO NOT list your charitable contribution, it is really appreciated but is not a point of the discussion here.

* DO NOT say that your customers and investors trust you and you have nothing to prove. The dogecoin community is very trusting, but you are asking for a serious amount of money for the second, well third time without even clearly proving your identity. People who already invested want you to succeed, and they want to believe even when in doubt. Well we all want you to be a successful GENUINE company, that is including me, that is why I am posting this today.

My worst fear:
We will be told the the ATM failed testing / got damaged in shipping / were stolen by competition you know the drill, and will never be released. Now the interesting part of that worst case scenario: the original investors will be refunded their investment perhaps eith generous interest (guess the source of the fund towards it) and the ponzi scheme life goes on http://en.wikipedia.org/wiki/Ponzi_scheme[4]

Good scenario:

Moolah.io posts the video demonstrating working Moolah ATM, Alex Green the director insists on protecting his privacy so he makes a video conference call with dogecoin founders and then orginises to meet them in person. Live is good

Best case scenario:

Moolah.io posts the video demonstrating working Moolah ATM, Alex Green and the whole team is in it. The team meets with dogecoin funders and community. Alex gets married and invites all the shibes (including truly sorry OP who is now forgiven for causing a bit of mess just after his engagement) We all sing and dance. We then launch the rocket and go to the moon…

Which one is it going to be?

Short Moolah.ch/io investment history
Moolah ATM

Moolah.io (Moolah.ch then) announces Moolah ATM (FIAT to DOGE/BTC) gets investment/preorders from the community for 50 units for $550+$50 shiping each in BTC. Lets say $27,500 (as shipping not charged for some of them)
http://www.reddit.com/r/dogecoin/comments/1v8ibg/how_about_a_cryptocoin_atm_for_550_that_supports/?sort=old[5]
 
https://moolah.io/atm[6]
When pressed for more detail on his product and company he promises to release a video shortly, with him or a member of his team in it
http://www.reddit.com/r/dogecoin/comments/1vi6rn/im_calling_shenanigans_on_moolahch/cesigov[7] (posted Jan 18 2014)

Further request for the promised video are met with accusations of spreading FUD

First round of investment
officially 250 BTC raised in investment starting from 50k DOGE - possibly hundreds of members of community sent their coins to Moolah.io
https://moolah.ch/pie[8]

Second Round of investment - goal 250 BTC
http://www.reddit.com/r/dogecoin/comments/216mw8/the_state_of_moolah_oh_were_also_raising_an/?sort=old[9]

So that is total of $27,500 + 250BTC invested on by dogecoin community members and potentialy another 250BTC with the second round.

That is $27,500 + $143,500 + 143,500 as per todays rate (1BTC=$575) which is $314,500 USD

314,500 USD in 3 months

how much would you be ready to give to the charity if you earned such money

I think it is high time for the mods of this sub and the founders of this amazing community to at least verify the identity of the Director of Moolah.io, that before is too late. Please do it /user/ummjackson /user/BillyM2k

Is he is GENUINE there is SURELY NO HARM IN DOING SO

And in contrary to what you may think I do really hope Alex Green from Moolah is a genuine guy, running a genuine business.

I PLEDGE to donate 50k doge to Dogecoin Fundation and tip another 25k the new/poor shibes (it is a substantial value for me) if the ATM video demonstration showing working Moolah ATM unit is posted with Alex Green introducing himself and showing his face.

Perhaps more members of the community would like to join in, it would certainly clear up some water here.