Topic: NIMIQ SCAM (Read 628 times)
hahaha. nimiq scam coin got busted. well done nimiqshitcoin
https://tokenstats.io/token/nimiq
Is it here? lost 99.9% of the value since ICO. I remember that 6-7 months ago there was an article of a Cryto analyst promoting it (posted on a newspaper about Cryto), he said he would invest in it, it would be a strong growth coin most 2019.
Is it here? lost 99.9% of the value since ICO. I remember that 6-7 months ago there was an article of a Cryto analyst promoting it (posted on a newspaper about Cryto), he said he would invest in it, it would be a strong growth coin most 2019.
Exactly that one. Now, they prepare a new ICO to waste others investor money. Namely they prepare agoratrade ICO funded with some of nimiq's capital. This shitshow ico is still going on.
https://tokenstats.io/token/nimiq
Is it here? lost 99.9% of the value since ICO. I remember that 6-7 months ago there was an article of a Cryto analyst promoting it (posted on a newspaper about Cryto), he said he would invest in it, it would be a strong growth coin most 2019.
Is it here? lost 99.9% of the value since ICO. I remember that 6-7 months ago there was an article of a Cryto analyst promoting it (posted on a newspaper about Cryto), he said he would invest in it, it would be a strong growth coin most 2019.
They only lie about their current status. Like 99% of other ICO investors, people lost 99% of their investment while they launder the ICO money. They pay developers with 250,000+ a year and the burning rate is 1/4 a million dollar every month
Facts proven by bitcointalkers:
1. Robin Linus cannabis drug addiction.
2. Philipp and Marvin have drug (cannabis or cocaine) addictions as well
3. Internal struggles over ICO money and power
4. Project financial troubles - over $250,000 burning rate.
5. Trading Bot to create fake volumes
6. Price manipulation to keep the price afloat
7. GPU mining since main net
8. Robin was not officially removed from the project as he is still the head of the foundation
9. No real partnerships. Nobody cares about this shitcoin
10. Lack of vision
11. Most of the community left already
12. Most developers left already.
13. They started to pay the community to stay ( moderators + developers )
14. They acquired a 1.1 million dollar villa in Costa Rica from ICO Money
15. Multiple members of scamiq team have acquired multiple properties in Costa Rica, Germany and other countries.
16. ICO period was done using for-profit company with no KYC for American citizens
17. ICO investors lost all their money.
18. They're spreading fake news with fake identities such as normana (aka Marvin Wissfeld)
19. They create fake trading volume with bots
20. They manipulate the market price with ICO money
Rumors that will be proven soon:
1. Bankruptcy 6 or 12 months.
2. ICO Money laundering
@coinfanatic you should add to the list
1. WEG BANK AG fake and fraudulent bank with no customers, services, branches, products, etc. https://bitcointalksearch.org/topic/weg-bank-is-scam-5116099
2. WEG BANK AG Partnership with tokenpay which scammed 1 million dollar bounty hunters and people https://bitcointalksearch.org/topic/ann-tokenpay-scammed-1-million-from-bounty-and-referral-program-2400499
3. FAKE NEWS about a partnership that didn't and most probably won't produce any result, service or product
how many funds does nimiq still owns right now? I believe now it owns less than <= 6 million dollar (excluding the 1.1 million dollar villa). by end of this year, I can bet it will own less than 3 million dollars. My only satisfaction is that I will come next year on bitcointalk writing my last message on bitcointalk: "I HAVE BEEN TELLING YOU THIS FOR MONTHS! YOU DIDN'T BELIEVE ME! IT IS YOUR PROBLEM YOU TRUSTED THESE GERMAN LIARS! "
Facts proven by bitcointalkers:
1. Robin Linus cannabis drug addiction.
2. Philipp and Marvin have drug (cannabis or cocaine) addictions as well
3. Internal struggles over ICO money and power
4. Project financial troubles - over $250,000 burning rate.
5. Trading Bot to create fake volumes
6. Price manipulation to keep the price afloat
7. GPU mining since main net
8. Robin was not officially removed from the project as he is still the head of the foundation
9. No real partnerships. Nobody cares about this shitcoin
10. Lack of vision
11. Most of the community left already
12. Most developers left already.
13. They started to pay the community to stay ( moderators + developers )
14. They acquired a 1.1 million dollar villa in Costa Rica from ICO Money
15. Multiple members of scamiq team have acquired multiple properties in Costa Rica, Germany and other countries.
16. ICO period was done using for-profit company with no KYC for American citizens
17. ICO investors lost all their money.
18. They're spreading fake news with fake identities such as normana (aka Marvin Wissfeld)
19. They create fake trading volume with bots
20. They manipulate the market price with ICO money
Rumors that will be proven soon:
1. Bankruptcy 6 or 12 months.
2. ICO Money laundering
@coinfanatic you should add to the list
1. WEG BANK AG fake and fraudulent bank with no customers, services, branches, products, etc. https://bitcointalksearch.org/topic/weg-bank-is-scam-5116099
2. WEG BANK AG Partnership with tokenpay which scammed 1 million dollar bounty hunters and people https://bitcointalksearch.org/topic/ann-tokenpay-scammed-1-million-from-bounty-and-referral-program-2400499
3. FAKE NEWS about a partnership that didn't and most probably won't produce any result, service or product
how many funds does nimiq still owns right now? I believe now it owns less than <= 6 million dollar (excluding the 1.1 million dollar villa). by end of this year, I can bet it will own less than 3 million dollars. My only satisfaction is that I will come next year on bitcointalk writing my last message on bitcointalk: "I HAVE BEEN TELLING YOU THIS FOR MONTHS! YOU DIDN'T BELIEVE ME! IT IS YOUR PROBLEM YOU TRUSTED THESE GERMAN LIARS! "
While it should be clear from information publicly available to date, the Nimiq team members would like to establish once and for all that recent accusations of misappropriation are simply wrong. Team Nimiq consists of highly dedicated and hardworking people that deserve better than the spreading of false information that hurt the project and its contributors and consume attention that only distracts from focusing on the tasks at hand.
If the individuals that spread false information would care to listen and to ask actual questions instead of just jumping to conclusions, their and our lives would be much more productive.
So, let’s set things straight:
False Claim: “Robin exit scammed the project and stole money.”
Truth: Robin had personal problems and fundamental disagreements with the rest of the team. He declared his intent to no longer work with the project and isolated himself. However, he does not control the project’s funds and he is not able to move funds on his own. All funds remain under the control of the foundation's board which disapproves of his actions.
Proof: The wallets that hold Nimiq funds are public. There are no transactions that reflect any unauthorized movements of funds.
Why do you make such unsubstantiated statements? This is equivalent to slander.
False Claim: “The team launders money by buying real estate, you can see in the video that it’s just 250 m, they are building a new mansion for themselves.”
Truth: Nimiq acquired 39'062 m2 of Costa Rican soil near the spaces currently used for work and stay. As outlined in the transparency report, this investment was intended as and has proven itself to be a diversified store of value for Nimiq’s assets (bought with BTC when price was around approx. 9k USD), while also providing grounds for potential expansion. Nimiq added three platforms with large tents and two bathrooms, and one larger “rancho” as additional multiuse and workspace for team members.
Proof: Find this land development study (made and signed by an external environmental advisor from Costa Rica) with reference to the real extent of the property.
Don’t just assume things from what you see in a video without inquiring about more details. If in doubt, please ask and we will provide proper answers.
False Claim: “Team Nimiq does not support Community Projects.”
Truth: Nimiq established a Community Funding Board that aims to give necessary funds to community members to develop projects that contribute to the Nimiq Ecosystem. Neil, a community developer, was hired by one of the pools to improve the existing pool server implementation. In a personal discussion, that Neil asked to keep in private, he complains about a lack of interest in funding his work without sending a formal proposal beforehand. We contacted Neil to encourage him to send his proposal in order to get funded in the regular way that was outlined previously in a Blog Post.
Proof: Formal proposals are publicly available in this Trello board.
If you actually care about the project, please go to Discord, Telegram or Reddit and ask your questions. Don’t spread FUD and insult people, these are the only reasons people get banned for.
If the individuals that spread false information would care to listen and to ask actual questions instead of just jumping to conclusions, their and our lives would be much more productive.
So, let’s set things straight:
False Claim: “Robin exit scammed the project and stole money.”
Truth: Robin had personal problems and fundamental disagreements with the rest of the team. He declared his intent to no longer work with the project and isolated himself. However, he does not control the project’s funds and he is not able to move funds on his own. All funds remain under the control of the foundation's board which disapproves of his actions.
Proof: The wallets that hold Nimiq funds are public. There are no transactions that reflect any unauthorized movements of funds.
Why do you make such unsubstantiated statements? This is equivalent to slander.
False Claim: “The team launders money by buying real estate, you can see in the video that it’s just 250 m, they are building a new mansion for themselves.”
Truth: Nimiq acquired 39'062 m2 of Costa Rican soil near the spaces currently used for work and stay. As outlined in the transparency report, this investment was intended as and has proven itself to be a diversified store of value for Nimiq’s assets (bought with BTC when price was around approx. 9k USD), while also providing grounds for potential expansion. Nimiq added three platforms with large tents and two bathrooms, and one larger “rancho” as additional multiuse and workspace for team members.
Proof: Find this land development study (made and signed by an external environmental advisor from Costa Rica) with reference to the real extent of the property.
Don’t just assume things from what you see in a video without inquiring about more details. If in doubt, please ask and we will provide proper answers.
False Claim: “Team Nimiq does not support Community Projects.”
Truth: Nimiq established a Community Funding Board that aims to give necessary funds to community members to develop projects that contribute to the Nimiq Ecosystem. Neil, a community developer, was hired by one of the pools to improve the existing pool server implementation. In a personal discussion, that Neil asked to keep in private, he complains about a lack of interest in funding his work without sending a formal proposal beforehand. We contacted Neil to encourage him to send his proposal in order to get funded in the regular way that was outlined previously in a Blog Post.
Proof: Formal proposals are publicly available in this Trello board.
If you actually care about the project, please go to Discord, Telegram or Reddit and ask your questions. Don’t spread FUD and insult people, these are the only reasons people get banned for.
An anonymous user from Discord by name ruslanburg discovered something interesting about the shady operations of nimiq investments which prove that nimiq is a scam. Ruslangburg was eventually banned and all his messages deleted immediately. He asked about the 1.1 million dollar investment in Costa Rica by nimiq. Then he uncovered three unknown facts to most of us and asked questions.
0. SkyLoft Resort owns the Villa we saw and see in the most of the nimiq vlogs.
http://www.skyloftcostarica.com/#content
1. Nimiq "headquarter" is at the moment hosted technically according to "Team Nimiq" shitty transparency reports hosted by paying rent to SkyLoft Costa Rica (according to AMA). They only mentioned that they spent over 1.1 million dollar into buying new land for building a Nimiq campus which is composed of "tents and toilets".
2. According to SkyLoft website http://www.skyloftcostarica.com/
according to the website https://i.imgur.com/mydIjhn.png
3. So, it means Nimiq is a tenant at SkyLoft Resort occupying the entire space
4. They justified that they invested 1.1 million from the ICO into buying land in Costa Rica from somebody that is not a team member.
5. According to this video https://www.youtube.com/watch?v=VetRzl_qtaQ Robin is on-site on the land explaining the Nerd Campus to be built with tents and toilets and a supervision container. It is obvious that the tents and the land is annexed to the SkyLoft villa owned by Elion Chin.
Minute 1:12
https://i.imgur.com/O8wHToc.jpg
It is clearly in the video that Robin is presenting the new NIMIQ CAMPUS inside the SkyLoft campus annexed to SKYLOFT Mansion. It is also obvious that they were planning to do a construction undergoing namely to build a new mansion because a building foundation is not necessary for tents + toilets + supervision container.
Moreover at 1:30 we can see the entire surface of the Costa Rican new land investment worth 1.1 million dollars to be less than 250 square meters which are usually probably 1 thousand dollars
https://i.imgur.com/w6ddIWP.jpg
Where is the 1.1 million dollar LAND they claimed they bought in Costa Rica to extend the Campus?
6. Moreover, a team member posted on Reddit using the nickname "bombardi" a photo with one of the tents they built https://i.ibb.co/yXdcJMc/baller-mansion.jpg and claimed that there are 3 of these tents built for the Nimiq Campus.
So it means the 250 square meters and 3 of these tents cost them 1.1 million dollars. According to the criminal law, this is called Money laundering through Elion Chin Real Estate company and SkyLoft resort
0. SkyLoft Resort owns the Villa we saw and see in the most of the nimiq vlogs.
http://www.skyloftcostarica.com/#content
1. Nimiq "headquarter" is at the moment hosted technically according to "Team Nimiq" shitty transparency reports hosted by paying rent to SkyLoft Costa Rica (according to AMA). They only mentioned that they spent over 1.1 million dollar into buying new land for building a Nimiq campus which is composed of "tents and toilets".
2. According to SkyLoft website http://www.skyloftcostarica.com/
Quote from: SkyLoft
SkyLoft is currently closed as a startup "NIMIQ" is exclusively occupying the space until further notice.
according to the website https://i.imgur.com/mydIjhn.png
3. So, it means Nimiq is a tenant at SkyLoft Resort occupying the entire space
4. They justified that they invested 1.1 million from the ICO into buying land in Costa Rica from somebody that is not a team member.
5. According to this video https://www.youtube.com/watch?v=VetRzl_qtaQ Robin is on-site on the land explaining the Nerd Campus to be built with tents and toilets and a supervision container. It is obvious that the tents and the land is annexed to the SkyLoft villa owned by Elion Chin.
Minute 1:12
https://i.imgur.com/O8wHToc.jpg
It is clearly in the video that Robin is presenting the new NIMIQ CAMPUS inside the SkyLoft campus annexed to SKYLOFT Mansion. It is also obvious that they were planning to do a construction undergoing namely to build a new mansion because a building foundation is not necessary for tents + toilets + supervision container.
Moreover at 1:30 we can see the entire surface of the Costa Rican new land investment worth 1.1 million dollars to be less than 250 square meters which are usually probably 1 thousand dollars
https://i.imgur.com/w6ddIWP.jpg
Where is the 1.1 million dollar LAND they claimed they bought in Costa Rica to extend the Campus?
6. Moreover, a team member posted on Reddit using the nickname "bombardi" a photo with one of the tents they built https://i.ibb.co/yXdcJMc/baller-mansion.jpg and claimed that there are 3 of these tents built for the Nimiq Campus.
So it means the 250 square meters and 3 of these tents cost them 1.1 million dollars. According to the criminal law, this is called Money laundering through Elion Chin Real Estate company and SkyLoft resort
I can not believe it!!! Everything that was posted on bitcointalk was absolutely right! I can not believe what my eyes see!!! My mind is just blowing at the moment. Every single sentence written by these people on bitcointalk was totally right. These people Ricardo Barquero (Richy), Philipp von Styp-Rekowsky, Elion Chin, Marvin Wissfeld, Pascal Berrang, Atua Mo’e, Tammo Mamedi, Chris Mo’e, Curd Becker, Sören Schwert, Daniel Mohr, Sui-Ju Chuang (穗如), Sven Buschbeck, Julian Bauer, Jeffrey Esquivel, Sebastian Dietel, Robin Linus, Maximilian Harz, Mauricio Lara, Philipp Tschabold, Arthur Gervais, Amy Zhang and others are stealing ICO investors money. I will explain how they steal ICO money above.
Robin the Founder of the project who got kicked out from the project, today he posted concerns that confirms all the above statements from the other bitcointalk members that the Nimiq Team is liying and they are stealing money from the ICO investors.
Robin confirmed the following on a post on Reddit https://www.reddit.com/r/Nimiq/comments/ado73k/future_of_nimiq/ :
1. The team (especially Richy and other community paid shillers) was lying for over 8 months that Robin was doing a secret cutting-edge research while he lost weight due to drugs abuse.
2. The team always lying that Robin had a drug abuse addiction.
3. They WASH ICO MONEY explaining it in transparency report. Remember the 1.1 million dollar mansion in Costa Rica? Half a million dollar in travels? Right these are washed money that goes directly to their pocket. Probably Elion is the master of this washing process.
4. They use FAKE TRADING BOT for FAKE VOLUME. The Volume is 100% FAKE and they never recognized, but isntead lied that the trading volue is 100% legit.
5. The project will become bankrupt by end of this year. It means that the Nimiq Network will get permanetly shutdown due to high expensive costs and nobody in the project is interested in the project without receiving high bonuses from the team in terms of hundrends of thousands of dollars.
6. The project is dead.
7. The ICO was not done legally according to the US laws in Jully. User yuluxugi32132 explained it correctly in his report on Bitcointalk and I am planning to do Court Actions to retrieve my ETH back from the ICO. It is a total SCAM ICO and the team should be legally responsable by administrating this ICO.
How they steal the money? Simply... they keep the project alive for several months in order to get generous salaries, bonuses and to wash ICO money through expensive travel, food expensive and artificial monthly burning rate. This is the reason why they invested 1.1 million dollars to buy a mansion in Costa Rica, but they never explained this. They always refused to explain to the community members about the ImpactX foundation 2.5% premine (if the foundation exists, who owns it, who administrates it, who received money). This is the reason for a couple of members they spent almost half a million dollar for two international fights between Germany to Costa Rica last year. They are washing legit ICO money to their pocket
A PERSON HAD TO COMMIT SUICIDE IN ORDER FOR THE PROJECT TO REVEAL PARTS OF THE TRUTH. HOW MUCH STUFF WE WILL DISCOVER WE WILL FIND OUT SOON.
I couldn't sleep last night! I invested in total over 400,000 dollars into this ICO and I am screwed. I lost everything. I am -97% of my initial money. I even took loans after I initially invested in the project due to the "community shills on discord". They deceived me to buy more before launching the great main net which is a total failure. They later banned me when I started to ask a few questions on discord and even called me a fool. YES! I WAS A FOOL believing these EVIL kids. I lost my mom due to the impossibility of covering her medication costs, my wife divorced, I lost my car, I am full of debts to the bank and to some of my childhood friends... The bank is calling me every week to pay... My life is ruined. I got fucked up by Nimiq. I am simply ruined and desperate due to these evil people Elion, Richy, Robin, Phillipe, Pascal, Marvin, etc... Damn ICO scam. Today is my last day... on this evil planet full of interest to scam the shit out of you for the god damn dolla'. At least nobody is with me now, so I can blow my brains out with my revolver alone... in peace and quiet... and leave this evil world for good... I will wait a couple more years to welcome in hell all these sneaky bastards who lost all my money. BE CURST!!! God will punish severely these sneaky bastards and make them suffer... They will suffer either in this life or ... in hell. Goodbye Rachel, my life, your dad always loved you and I have done everything... for a better future... One day you will understand 
Man, I hope you went to heave if you commit the horrendous act to suicide. You shouldn't have done this horrible act by losing money investing into these mother fuckers. I am praying for you that our Lord will forgive you for doing this, and instead to punish the responsible ones.
Shit is it a SCAM COIN. Some people knew that this shitcoin will be turned into a scam. That's the reason a lot of ppl call it "Scamiq"
SCAM! Robin (The FOUNDER) is calling the project a scam
Proof.
https://i.imgur.com/o4aVf5g.png
If even Robin doesn't know that Philipp and others are running a scam, then who the fuck knows. I guess norma knows
The project TURNED INTO A SCAM. STAY AWAY. I LOST MONEY. U LOSE MONEY
Proof.
https://i.imgur.com/o4aVf5g.png
If even Robin doesn't know that Philipp and others are running a scam, then who the fuck knows. I guess norma knows
The project TURNED INTO A SCAM. STAY AWAY. I LOST MONEY. U LOSE MONEY
Robin Linus exit scammed the project with 1/3 of the ICO money to "work on another project". They bought a 1.1 million dollar villa in Costa Rica and multiple teammates purchased real estates in 2018 using the ICO Money. Everything went wrong with this ICO. The ICO investors lost over -97% of their ICO investments. Robin Linus the founder of the project even posted that the ICO investors lost so much money https://www.reddit.com/r/Nimiq/comments/acsi27/future_of_nimiq/ . Their founder was kicked from the project due to drugs abuse from the project, while they were lying for over 8 months that Robin was still part of the team doing research rejecting the fact that Robin was kicked out and started to have "a severe drug addiction". Recently Robin Linus posted on reddit https://www.reddit.com/r/Nimiq/comments/ado73k/future_of_nimiq/ that the project team members took control over the project ICO funds. They spent 1.1 million dollars to buy a mansion in Costa Rica, they wash the project money through "generous bonuses" and they are no longer interested in the project at all. They just want to burn all the ICO money and they are no interested in the future of the project. The network infrastructure costs more than $50,000 per month due to the fact they need to host seed nodes. They premined 2.5% of the network to donate to a charity foundation ImpactX, but this foundation doesn't exist and the funds as still owned by them. They ban everybody who is asking them about their funds or their project status on telegram, discord and reddit instantly. Multiple bitcointalk members started to explain the shady operations behind the project and the fact that due to their burning rate the project will become bankrupt and the project will become dead in just a couple of months. More information of how they wash the funds and about their shady practices on bitcointalk ANN topic https://bitcointalk.org/index.php?topic=1952324.1800
Robin Linus exit scammed the project with 1/3 of the ICO money proof: https://imgur.com/pr9aGxm https://imgur.com/5iz2iFX. Most probably the coin will be dead in a couple of months. STAY AWAY
Robin Linus exit scammed the project with 1/3 of the ICO money proof: https://imgur.com/pr9aGxm https://imgur.com/5iz2iFX. Most probably the coin will be dead in a couple of months. STAY AWAY
SCAM ALERT! It is official ROBIN LINUS, FOUNDER OF NIMIQ STOLE 1/3 OF THE PROJECT ICO MONEY in order to move to a different project.
https://imgur.com/pr9aGxm
https://imgur.com/5iz2iFX
The project was hijacked and Robin stole a lot of money. Moreover, insiders disclosed that multiple members bought real estates in 2018 from the ICO money.
https://imgur.com/pr9aGxm
https://imgur.com/5iz2iFX
The project was hijacked and Robin stole a lot of money. Moreover, insiders disclosed that multiple members bought real estates in 2018 from the ICO money.
In case you feel SCAMd and want some money back:
I do partial "refunds" on a case-by-case basis (it's more like a donation for people with weak hands that can't wait for NIM to moon).
All I need from you is:
a) The ETH address you used during token sale
b) The NIM address you used to receive your activated token sale funds.
c) A message signed using the key from the NIM address in b) claiming a refund
This is to verify your claim, i.e. that you really invested in the token sale and successfully activated your funds.
I do partial "refunds" on a case-by-case basis (it's more like a donation for people with weak hands that can't wait for NIM to moon).
All I need from you is:
a) The ETH address you used during token sale
b) The NIM address you used to receive your activated token sale funds.
c) A message signed using the key from the NIM address in b) claiming a refund
This is to verify your claim, i.e. that you really invested in the token sale and successfully activated your funds.
you are just an ass kisser. Most of the above are not right. You just stated right now on the telegram the following:
Quote
it's me. Started to troll back. Is Fun. Pretending to give in to what they want and apparently they think I am a team member although I never said something like that...
While it's completely true, that it is a trolling to some degree, I stand by my word that I will do partial refunds in NIM, or basically a donation, iff you can provide the requested proof (addresses of token sale contribution and NIM activation, as well as a cryptographic signature to associate it with your BitcoinTalk account). Providing this information should be possible if your claims of being an ICO investor are true. If you can't provide the requested proof, I will continue to assume that you are only trolling.
normana real name is Norman Alsbander and he is a scammer friend with the NIMIQ scammers. Here is the proof.
https://i.imgur.com/ZKnYc0R.png
I couldn't sleep last night! I invested in total over 400,000 dollars into this ICO and I am screwed. I lost everything. I am -97% of my initial money. I even took loans after I initially invested in the project due to the "community shills on discord". They deceived me to buy more before launching the great main net which is a total failure. They later banned me when I started to ask a few questions on discord and even called me a fool. YES! I WAS A FOOL believing these EVIL kids. I lost my mom due to the impossibility of covering her medication costs, my wife divorced, I lost my car, I am full of debts to the bank and to some of my childhood friends... The bank is calling me every week to pay... My life is ruined. I got fucked up by Nimiq. I am simply ruined and desperate due to these evil people Elion, Richy, Robin, Phillipe, Pascal, Marvin, etc... Damn ICO scam. Today is my last day... on this evil planet full of interest to scam the shit out of you for the god damn dolla'. At least nobody is with me now, so I can blow my brains out with my revolver alone... in peace and quiet... and leave this evil world for good... I will wait a couple more years to welcome in hell all these sneaky bastards who lost all my money. BE CURST!!! God will punish severely these sneaky bastards and make them suffer... They will suffer either in this life or ... in hell. Goodbye Rachel, my life, your dad always loved you and I have done everything... for a better future... One day you will understand...
this guy was right about his statement. The team is exit scamming the project. Everything yuluxugi was telling was proven right. Robin just posted today on Reddit that he was addicted to drugs and the team is simply stealing the ICO money. I really hope you are fine buddy and healthy to see your daugther! Money is not everything. You will make others by hard working!!!
Quote from: robin
First, I want to apologize that I have been away for months. The truth is, I failed to handle the pressure of the internal power battles and developed a severe cannabis addiction. That forced me to take a break. My family helped me to recover. I have been sober for almost half a year now, I regained a healthy weight and I am fine again.
Since the ICO the Millions of dollars caused a loss of the sense of reality in the whole team. People started to confuse "investment" with "profit". Misaligned incentives lead to fundamentally flawed decisions. We created lots of hot air and very few real substance. Internal power battles harmed the spirit of the project. Now we have been arguing for month and failed to agree on a mutual way forward. Thus I think the best solution is to have a public debate with Nimiq's tech lead Philipp von Styp-Rekowsky because the difference in his and mine attitude are the main source of conflict.
Philipp, could you please answer the following questions:
In comparison to BTC or ETH our coin lost 95% of its value. You are Nimiq's vice president; do you feel responsible for our investors losses?
Do you realize it is necessary to make changes to get back on track?
Do you think tracking our progress publicly would ensure accountability?
How should we reduce our excessive burn rate? Would you agree to cut down our generous salaries to $80k/yr?
Do you think getting paid 50% in vested NIMs would prove a longterm commitment?
Does Nimiq run a trading bot to create fake volume? Does Nimiq manipulate the market?
Do you still think an ASIC-resistant proof of work actually exists? If not, don't you think it weakens the system's security if there is no efficient miner provided by the core team?
Do you believe browser-based mining is a good idea even though it is centralized, guarantees losses and engages malicious bot nets? Do you think our browser miner is deceptive advertising?
Why did you argue against focusing on scalability? Don't you think once someone solves scalability it renders all other projects mostly obsolete? Don't you think we are in a winner-takes-all market?
What do you think is the real USP of Nimiq? Why should investors believe in NIM?
I believe transparency and truth can help us get back on track. There is no shame in messing things up as long as we give our best to fix them. Philipp and I are open to further questions. Ask us anything.
I'd deeply appreciate you supporting us on our way forward!!
Since the ICO the Millions of dollars caused a loss of the sense of reality in the whole team. People started to confuse "investment" with "profit". Misaligned incentives lead to fundamentally flawed decisions. We created lots of hot air and very few real substance. Internal power battles harmed the spirit of the project. Now we have been arguing for month and failed to agree on a mutual way forward. Thus I think the best solution is to have a public debate with Nimiq's tech lead Philipp von Styp-Rekowsky because the difference in his and mine attitude are the main source of conflict.
Philipp, could you please answer the following questions:
In comparison to BTC or ETH our coin lost 95% of its value. You are Nimiq's vice president; do you feel responsible for our investors losses?
Do you realize it is necessary to make changes to get back on track?
Do you think tracking our progress publicly would ensure accountability?
How should we reduce our excessive burn rate? Would you agree to cut down our generous salaries to $80k/yr?
Do you think getting paid 50% in vested NIMs would prove a longterm commitment?
Does Nimiq run a trading bot to create fake volume? Does Nimiq manipulate the market?
Do you still think an ASIC-resistant proof of work actually exists? If not, don't you think it weakens the system's security if there is no efficient miner provided by the core team?
Do you believe browser-based mining is a good idea even though it is centralized, guarantees losses and engages malicious bot nets? Do you think our browser miner is deceptive advertising?
Why did you argue against focusing on scalability? Don't you think once someone solves scalability it renders all other projects mostly obsolete? Don't you think we are in a winner-takes-all market?
What do you think is the real USP of Nimiq? Why should investors believe in NIM?
I believe transparency and truth can help us get back on track. There is no shame in messing things up as long as we give our best to fix them. Philipp and I are open to further questions. Ask us anything.
I'd deeply appreciate you supporting us on our way forward!!
nimiq is a scam ico. We want a refund from the nimiq company. The ICO was handled by the nimiq company and not the foundation and no kyc during the ICO sale.
link to reddit https://www.reddit.com/r/Nimiq/comments/ado73k/future_of_nimiq/
I couldn't sleep last night! I invested in total over 400,000 dollars into this ICO and I am screwed. I lost everything. I am -97% of my initial money. I even took loans after I initially invested in the project due to the "community shills on discord". They deceived me to buy more before launching the great main net which is a total failure. They later banned me when I started to ask a few questions on discord and even called me a fool. YES! I WAS A FOOL believing these EVIL kids. I lost my mom due to the impossibility of covering her medication costs, my wife divorced, I lost my car, I am full of debts to the bank and to some of my childhood friends... The bank is calling me every week to pay... My life is ruined. I got fucked up by Nimiq. I am simply ruined and desperate due to these evil people Elion, Richy, Robin, Phillipe, Pascal, Marvin, etc... Damn ICO scam. Today is my last day... on this evil planet full of interest to scam the shit out of you for the god damn dolla'. At least nobody is with me now, so I can blow my brains out with my revolver alone... in peace and quiet... and leave this evil world for good... I will wait a couple more years to welcome in hell all these sneaky bastards who lost all my money. BE CURST!!! God will punish severely these sneaky bastards and make them suffer... They will suffer either in this life or ... in hell. Goodbye Rachel, my life, your dad always loved you and I have done everything... for a better future... One day you will understand...
I hope you're all right!
I couldn't sleep last night! I invested in total over 400,000 dollars into this ICO and I am screwed. I lost everything. I am -97% of my initial money. I even took loans after I initially invested in the project due to the "community shills on discord". They deceived me to buy more before launching the great main net which is a total failure. They later banned me when I started to ask a few questions on discord and even called me a fool. YES! I WAS A FOOL believing these EVIL kids. I lost my mom due to the impossibility of covering her medication costs, my wife divorced, I lost my car, I am full of debts to the bank and to some of my childhood friends... The bank is calling me every week to pay... My life is ruined. I got fucked up by Nimiq. I am simply ruined and desperate due to these evil people Elion, Richy, Robin, Phillipe, Pascal, Marvin, etc... Damn ICO scam. Today is my last day... on this evil planet full of interest to scam the shit out of you for the god damn dolla'. At least nobody is with me now, so I can blow my brains out with my revolver alone... in peace and quiet... and leave this evil world for good... I will wait a couple more years to welcome in hell all these sneaky bastards who lost all my money. BE CURST!!! God will punish severely these sneaky bastards and make them suffer... They will suffer either in this life or ... in hell. Goodbye Rachel, my life, your dad always loved you and I have done everything... for a better future... One day you will understand...
not saying they are not scammers because i never hear about that ICO but could you also provide any kind of proof you invested that kind of funds ?
I couldn't sleep last night! I invested in total over 400,000 dollars into this ICO and I am screwed. I lost everything. I am -97% of my initial money. I even took loans after I initially invested in the project due to the "community shills on discord". They deceived me to buy more before launching the great main net which is a total failure. They later banned me when I started to ask a few questions on discord and even called me a fool. YES! I WAS A FOOL believing these EVIL kids. I lost my mom due to the impossibility of covering her medication costs, my wife divorced, I lost my car, I am full of debts to the bank and to some of my childhood friends... The bank is calling me every week to pay... My life is ruined. I got fucked up by Nimiq. I am simply ruined and desperate due to these evil people Elion, Richy, Robin, Phillipe, Pascal, Marvin, etc... Damn ICO scam. Today is my last day... on this evil planet full of interest to scam the shit out of you for the god damn dolla'. At least nobody is with me now, so I can blow my brains out with my revolver alone... in peace and quiet... and leave this evil world for good... I will wait a couple more years to welcome in hell all these sneaky bastards who lost all my money. BE CURST!!! God will punish severely these sneaky bastards and make them suffer... They will suffer either in this life or ... in hell. Goodbye Rachel, my life, your dad always loved you and I have done everything... for a better future... One day you will understand...
In case you feel SCAMd and want some money back:
I do partial "refunds" on a case-by-case basis (it's more like a donation for people with weak hands that can't wait for NIM to moon).
All I need from you is:
a) The ETH address you used during token sale
b) The NIM address you used to receive your activated token sale funds.
c) A message signed using the key from the NIM address in b) claiming a refund
This is to verify your claim, i.e. that you really invested in the token sale and successfully activated your funds.
I do partial "refunds" on a case-by-case basis (it's more like a donation for people with weak hands that can't wait for NIM to moon).
All I need from you is:
a) The ETH address you used during token sale
b) The NIM address you used to receive your activated token sale funds.
c) A message signed using the key from the NIM address in b) claiming a refund
This is to verify your claim, i.e. that you really invested in the token sale and successfully activated your funds.
you are just an ass kisser. Most of the above are not right. You just stated right now on the telegram the following:
Quote
it's me. Started to troll back. Is Fun. Pretending to give in to what they want and apparently they think I am a team member although I never said something like that...
While it's completely true, that it is a trolling to some degree, I stand by my word that I will do partial refunds in NIM, or basically a donation, iff you can provide the requested proof (addresses of token sale contribution and NIM activation, as well as a cryptographic signature to associate it with your BitcoinTalk account). Providing this information should be possible if your claims of being an ICO investor are true. If you can't provide the requested proof, I will continue to assume that you are only trolling.
In case you feel SCAMd and want some money back:
I do partial "refunds" on a case-by-case basis (it's more like a donation for people with weak hands that can't wait for NIM to moon).
All I need from you is:
a) The ETH address you used during token sale
b) The NIM address you used to receive your activated token sale funds.
c) A message signed using the key from the NIM address in b) claiming a refund
This is to verify your claim, i.e. that you really invested in the token sale and successfully activated your funds.
I do partial "refunds" on a case-by-case basis (it's more like a donation for people with weak hands that can't wait for NIM to moon).
All I need from you is:
a) The ETH address you used during token sale
b) The NIM address you used to receive your activated token sale funds.
c) A message signed using the key from the NIM address in b) claiming a refund
This is to verify your claim, i.e. that you really invested in the token sale and successfully activated your funds.
you are just an ass kisser. Most of the above are not right. You just stated right now on the telegram the following:
Quote
it's me. Started to troll back. Is Fun. Pretending to give in to what they want and apparently they think I am a team member although I never said something like that...
https://i.imgur.com/2xWrqX8.png
The project is dead and it will be dead. We are looking to hear a refunding option from Robin. It was supposed to hear today, but they didn't decide yet for the refund. We will wait for tomorrow to hear news from Robin about their decision regarding the ICO refunding. The project will be canceled and our ICO funds will get back.
Community members are asking the same questions. Nobody wants to answer officially to these questions like the fact with villa, how much funding do they have, when bankrupcy, what happens after bankrupcy...
https://i.imgur.com/63ernmo.png
It lately became a hobby of mine to respond to FUD and yuluxugi32132 already knows that most of his points are bs because I explained to him in the Nimiq thread, so let's continue here for everyone else.
You are correct that the Foundation was only founded after the token sale, which is probably because it takes some time to set up such foundations...
As Richy stated on Telegram: It was bought by one of the team members (along with other domains) long time ago because he thought it was a 'cool name'. When the project started, founders liked that name the best and used the domain.
I agree that there is few information on internals of the ImpactX foundation, but in their favor I would argue that: a) for their last transparency report on company internals and financials (mid 2018), ImpactX did not own any funds (due to vesting). b) At this point ImpactX Foundation owns 15k USD worth of NIM. It's probably not fully operational yet.
It's typical for young networks to have hickups when nodes are offline as there are only very few nodes. In the mean time, there are more and more nodes and the network would survive even without connectivity through the seed nodes provided by the company.
Their token sale demo actually was a full block chain. You can go back in time using their git repository. Back then, their network had no support for light clients, only full nodes running in the browser. To have short loading times they had to do snapshots.
It is true that they originally envisioned implementing the Mini-Blockchain scheme (even though that doesn't imply they fully clone cryptonite). But NiPoPoW is actually an evolution of Mini-Blockchain, using very similar approaches.
Also it seem the Telegram bot is overblocking new users that post links a bit, but with all those pump group advertisements on Telegram, you need to do some automated blocking. This blocking only applies to posts, the user will not be banned because of that.
I guess that's it. Also check your definition of SCAM. The most important part of a SCAM is not providing what was promised. Nimiq Team already overshot what they promised in the token sale terms, check https://nimiq.com/terms/
1. Nimiq was not registered as a legal entity during the entire period of the Initial Token Offer (ITO). So, Nimiq Team was NOT registered during the fundraising with the Initial Coin Offering (although they were selling tokens).
Incorrect. According to https://nimiq.com/terms/ the token sale was performed by Nimiq Network Ltd, a BVI company.Moreover, during the entire ICO period, they didn't have any KYC. Only after the ICO ended, they created a foundation and hired a company to be in charge with the process of KYC to convert the NET (Nimiq Exchange Token) to NIM the coin.
Correct. According to https://nimiq.com/terms/ they were allowed to take such action.They have registered the foundation in a special place in Switzerland to allow them to move the funds without publishing any information about the foundation and in which ways they were incorporated. By this time, nobody except them doesn't know the board of the Nimiq Foundation. Information like who is in the foundation, who administrates the foundation, how many people are in the foundation, who is in charge, how much funds did they declare, who is paying who. Is the Costa Rican villa administrated by the Swiss Nimiq Foundation? All these questions were never answered by them. Everything is total shady about their foundation being registered in Switzerland. I repeat again that the foundation was created a half a year after the ICO was ended and the 12.8 million dollars were collected
Incorrect. The Nimiq Foundation (Stiftung) is registered in Zug, also known as Crypto Valley, under CHE-164.077.595. It is the same city where Ethereum Foundation and many other Crypto projects reside. You can check details on their board member at the Swiss company register: https://zg.chregister.ch/cr-portal/auszug/auszug.xhtml?uid=CHE-164.077.595&amt=ZGYou are correct that the Foundation was only founded after the token sale, which is probably because it takes some time to set up such foundations...
Because the Foundation was registered after many months of the ICO period, and the KYC was started in January 2018, an ICO refunding can be done on Nimiq and SEC can commit Class actions against them individually.
Incorrect, as stated, the token sale was run by a company, Nimiq Network Ltd. Additionally SEC ruling on the token sale is hard or impossible, as US citizens were excluded from the token sale both using the terms and technical measures.Moreover the domain nimiq.com was a Real Estate company owned by Elion Chin and some users on telegram posted web archive proofs about this claim. They never explained how they got the domain nimiq.com https://web.archive.org/web/20101001032656/http://www.nimiq.com:80/
As Richy stated on Telegram: It was bought by one of the team members (along with other domains) long time ago because he thought it was a 'cool name'. When the project started, founders liked that name the best and used the domain.
2. Beside the ICO, they even pre-mined about 7.5% of the entire network vesting it into 3 addresses.
A) Foundation
B) ImpactX Charity
C) Early contributors.
Correct. This is also represented in the token sale terms https://nimiq.com/terms/.A) Foundation
B) ImpactX Charity
C) Early contributors.
3. The biggest issue I see in the project is that they declare that 2.5% of the funds were premined and they go to ImpactX Charity Foundation. Nobody and they never published what is ImpatX Charity Foundation. We don't know if the ImpactX charity exists, who decided that the funds should go to ImpactX and not to OUR KIDS FOUNDATION. Is ImpactX Charity Foundation registered? Who administrated it ? I believe the 2.5% charity foundation was just another "nice" lie to hide the fact they will keep another 2.5% of the funds to themselves that this "ImpactX Foundation" doesn't exist and it will never exist. Moreover, they never explained who the Foundation, ImpactX and Early contributors own the vesting about? Is it a single owner or is it a multi-signature wallet? Is the private key owned by whom? Robin, Richy, Elion or by who?
I agree that there is few information on internals of the ImpactX foundation, but in their favor I would argue that: a) for their last transparency report on company internals and financials (mid 2018), ImpactX did not own any funds (due to vesting). b) At this point ImpactX Foundation owns 15k USD worth of NIM. It's probably not fully operational yet.
4. Another scam point is that they declared in their transparency report that they invested 1.1 million dollars into "real estate". They never explained this. It looks like the Foundation paid 1.1 million dollars from the ICO directly to Elion Chin (who owned the Costa Rican villa and also had a Real Estate company called nimiq and the domain nimiq.com was owned by him). So, probably they paid Elion Chin over a million dollar for a 2 store mansion in Costa Rica. This is definitely not a wise direction, but they never explained what the 1.1 million dollar investment from the ICO money means.
Partially correct. While they did not give too much details on the real estate deal, it was mentioned that the funds were not used to buy a villa. This implies they also didn't pay money for the personal home of one of the founders (why should they?) Their investment into real estate was before mid 2018, so they made good deal as it's probably worth way more in BTC today than back then.5. Another major lie was back in Jully when people started to question that Robin has left the project. After some time, Richy started to create a lie that Robin was "starting to work on research about scalability". Absolutely no news and no information was given by Robin for over 6 months. Robin Linus's last medium post and last video appearance are in May 2018. For over 7 months, they continued to lie and Robin was never seen in the project. A lot of concerns started to appear last week when people decided to question Richy lie that Robin Linus was indeed working in the project. They started to say that Robin was not the founder of the project and that his involvement was not that much as Nimiq was a team project. By using this message, their community admins and Richy was trying to remove Robin from the project forever.
Robins last public statements on his research were in Sep 2018. No team member ever claimed that he is no longer a member of the team or the founder of the project. In fact there were some rumors that he might have left or exit-scamed but Richy strongly opposed this rumors. What Richy indeed said, is that Robin never was the CEO of the project, which you can confirm on the team page (even in older versions through archive).Last night Robin decided to write a message on telegram regarding his involvement in the project. It definitely shows that Nimiq has a internal "fight" over the leadership of the project and probably who is in charge of the project ICO money. Moreover, they also knew and acknowledged that the ICO investors lost more than 95% of the money. It looks that Robin decided after 7 months to whistleblow that the project is a total failure and they need to tell the truth to the ICO investors about their huge failure.
It looks like a forward looking announcement to me, not like he is about to whistleblow that Nimiq is a scam. He is merely stating the fact that Nimiq did not perform to well with regard to price over the last year.Quote
Happy New Year everyone!
First of all: we want to be more responsible in 2019.
So let’s face the truth: There have been lots of rumors around Nimiq and we understand the dissatisfaction. Since the ICO our investors have lost almost all their money. Even in comparison to BTC we are down 95%. According to the ranking on coinmarketcap we fell from ~250th to ~600th place in one year. Long story short: we failed to fulfill our potential.
Now the best way forward is to be honest with ourselves and in particular with you.
We are working hard on resolving internal disputes regarding necessary changes and our way forward. It has been quite a grind so far because lots of different opinions and emotions are involved. Now to terminate our process we commit to make an official statement by Sunday night.
Let’s work together to unfold Nimiq’s full potential and let’s make 2019 the year of Nimiq!
First of all: we want to be more responsible in 2019.
So let’s face the truth: There have been lots of rumors around Nimiq and we understand the dissatisfaction. Since the ICO our investors have lost almost all their money. Even in comparison to BTC we are down 95%. According to the ranking on coinmarketcap we fell from ~250th to ~600th place in one year. Long story short: we failed to fulfill our potential.
Now the best way forward is to be honest with ourselves and in particular with you.
We are working hard on resolving internal disputes regarding necessary changes and our way forward. It has been quite a grind so far because lots of different opinions and emotions are involved. Now to terminate our process we commit to make an official statement by Sunday night.
Let’s work together to unfold Nimiq’s full potential and let’s make 2019 the year of Nimiq!
6. Another major problem of the team is that according to their team reports' without taking in consideration their 1.1 million dollar mansion in Costa Rica in July'18 they had about 10 million dollars. Their burning rate was only $250,000 per month in July'17. Probably the burning rate at the moment is higher than $350,000 and they would have only 5 million USD. It means the project would have funds to survive just for another 12 months. When the project will become broke most (if not all) of the leave the project and probably the entire network will shut down and be closed. They argue it is a decentralized project. This is not true. If it would be a decentralized network it means they would not require to have a full time network guy to watch the network and maintain it. When the seed nodes were offline the nimiq.com network was also down for many hours. Transactions couldn't be processed and synchronization couldn't be done. If they run out of money, the NIM will be worthless of value 0 and the website nimiq.com will get closed. It will be closed exactly like the previous Real Estate website nimiq.com
The burning rate report of 250k was from July 2018, which is only a few months back. Your claim is that since then they lost a huge amount of money and increased their burning rate without any substantial reasoning.It's typical for young networks to have hickups when nodes are offline as there are only very few nodes. In the mean time, there are more and more nodes and the network would survive even without connectivity through the seed nodes provided by the company.
6. Nimiq raised over 12 million dollars during the ICO period in the summer back then. During the ICO they were presenting Nimiq as a "ready to go" blockchain, but in fact, everything presented in their demo during the ICO period was totally broken. Their demo was not even a blockchain in the real sense and this is the reason why it took them another year to create a completely new blockchain from scratch. After the demo, initially, they were trying to clone cryptonite blockchain with Mini Blockchain, but after some time they discovered another paper called Non-Interactive Proofs of Proofs of work and they decided to stick with a complete model that was not developed or built by them.
This is complete non-sense.Their token sale demo actually was a full block chain. You can go back in time using their git repository. Back then, their network had no support for light clients, only full nodes running in the browser. To have short loading times they had to do snapshots.
It is true that they originally envisioned implementing the Mini-Blockchain scheme (even though that doesn't imply they fully clone cryptonite). But NiPoPoW is actually an evolution of Mini-Blockchain, using very similar approaches.
7. Nimiq never published any official white paper. Their only "white paper" is a medium article that described "how cool would be a Browser based blockchain", but intentionally forgetting about describing any kind of technology advantages or breakthrough. As explained in 2. they solutions of cloning the code of cryptonite was later discovered and then switched to NIPOPOW, although the entire team didn't have any kind of clue about the direction of the project or its technology. There is fundamentally no innovation into this project. Nim is just some good story marketing convinced a bunch of people to believe it is a ground-breaking technology while simply it is isn't.
The technology focus and main feature of Nimiq is it's network layer and the ability to run normal network nodes in a browser. This is a pretty unique feature in the industry. The underlying consensus and blockchain technology is not it's most relevant part and can be improved and revised without changing any of the major properties of Nimiq.8. At the moment over 70% of the mining is centralized in a Chinese Mining Pool named SkyPool. The vulnerability of 50%+1 is real from the day of launch. Since day 1 of the Nimiq Blockchain SkyPool anytime can attack the network with 50%+1 attacks.
That's true. Although Nimiq developed a pool mining protocol that allows for decentralized mining (which would make pools unable to perform a 50%+1 attack), Skypool is using (at least to some degree) a different protocol and might be able to perform a 50%+1 attack.9. ICO Investors lost over 95% of the investment. This lose is not to fiat, but even to Bitcoin parity. Interesting is that the entire Blockchain market is worth ~2 million dollars, while the project still has 8 million dollars from the ICO funds. Why are they not interested in their ecosystem while they have 4 times more money than their entire project and community.
The "even to Bitcoin parity" is stupid in this context, given that current Bitcoin price is twice the price during token sale. And I can only stress that Nimiq Team seams to be still interested in their ecosystem, providing constant update to all of their tools and developer support on social media. The fact that they are not buying their own coin to artificially increase price is more a strength to me - they don't want fake numbers.10. Pool miners closed their pools. Multiple pools including porkachu, Philpool, Beepool and other pools were closed due to unprofitability of this coin.
Beeppool closed for personal reasons (as he announced in his Discord), Philpool seems to have been unprofitable, but he was also a very small pool with less than 1% of the global hashrate. Porkachu is a member of the community, not the name of a pool11. Most of the community is gone and they never look back. There are just barely 50 people involved in their project channel groups namely Telegram and Discord. Most of these are miners who are interesting to make some activity in their channels in order to dump the NIM coin on the market.
The number 50 is definitely too low from what I have seen. But maybe they all have about 3 accounts (like you seem to do here on BitcoinTalk)12. Censorship is at its high. You get an instant ban if you post a simple question about their foundation structure or about their funding. Immediately, like in seconds an "admin" on their telegram or discord will gonna ban you and remove all your messages. They call this a fight against FUD. They accuse users to be others and ban innocent people
Questions are not banned, if they are not in caps and extremely suggestive (spreading FUD). Most normal questions are answered properly in my experience, if you just ask friendly. There was a person on Discord scaming with OTC trades that was banned using multiple identities as he popped up again and again, but this stopped happening after major exchanges started listing NIM.Also it seem the Telegram bot is overblocking new users that post links a bit, but with all those pump group advertisements on Telegram, you need to do some automated blocking. This blocking only applies to posts, the user will not be banned because of that.
I guess that's it. Also check your definition of SCAM. The most important part of a SCAM is not providing what was promised. Nimiq Team already overshot what they promised in the token sale terms, check https://nimiq.com/terms/
@coinfanatic thanks for your input. Yes, indeed the main developers are no longer interested in this dead project anymore. The Rust implementation is not even 40% completed and they didn't commit anything into the rust code for the last 2 weeks. They only created the data structure classes and nothing more. It will require at least 4 more months to work on the Rust code to do the networking part and everything else consensus. Surprisingly for them, Rust is not much faster than node.js and they also need a Argon2d C version compiled and not a rust native compilation version. Besides this, the network will be handled by Javascript / Node.js. So the rust version is a total failure as well.... just like their ICO project.
Yes, their trading volume is only 2000 dollars per day. Rest of it simply FAKE VOLUME
Yes, their trading volume is only 2000 dollars per day. Rest of it simply FAKE VOLUME
Don't forget to mention the coders' lack of github activities!
Philipp von Styp-Rekowsky (Blockchain Tech Lead) ~300 contributions in the last year https://github.com/styppo
Marvin Wissfeld (Blockchain Core Developer) ~250 contributions in the last year https://github.com/mar-v-in
Pascal Berrang (Blockchain Core Developer) ~800 contributions in the last year https://github.com/paberr
The frontend guys are the only coders constantly working.
Sören Schwert (Ecosystem & UI/UX Developer) ~3000 contributions in the last year https://github.com/sisou
https://github.com/Bettelstab ~1700 contributions in the last year
and there's also the trading bot creating fake volume...
https://www.reddit.com/r/Nimiq/comments/9wdkie/nimiq_fake_volume_trading_bot_was_detected_on/
Philipp von Styp-Rekowsky (Blockchain Tech Lead) ~300 contributions in the last year https://github.com/styppo
Marvin Wissfeld (Blockchain Core Developer) ~250 contributions in the last year https://github.com/mar-v-in
Pascal Berrang (Blockchain Core Developer) ~800 contributions in the last year https://github.com/paberr
The frontend guys are the only coders constantly working.
Sören Schwert (Ecosystem & UI/UX Developer) ~3000 contributions in the last year https://github.com/sisou
https://github.com/Bettelstab ~1700 contributions in the last year
and there's also the trading bot creating fake volume...
https://www.reddit.com/r/Nimiq/comments/9wdkie/nimiq_fake_volume_trading_bot_was_detected_on/
Being an ICO investor and holding my coins for over a year and a half I decided to do some analyzes behind the nimiq. After reading some of the other users complains and some of their findings about NIMIQ project, I decided today to spend a couple of hours to create a comprehensive list of information that indicates that NIMIQ is doing a scam operation that sounds legit to some.
1. Nimiq was not registered as a legal entity during the entire period of the Initial Token Offer (ITO). So, Nimiq Team was NOT registered during the fundraising with the Initial Coin Offering (although they were selling tokens). Moreover, during the entire ICO period, they didn't have any KYC. Only after the ICO ended, they created a foundation and hired a company to be in charge with the process of KYC to convert the NET (Nimiq Exchange Token) to NIM the coin. They have registered the foundation in a special place in Switzerland to allow them to move the funds without publishing any information about the foundation and in which ways they were incorporated. By this time, nobody except them doesn't know the board of the Nimiq Foundation. Information like who is in the foundation, who administrates the foundation, how many people are in the foundation, who is in charge, how much funds did they declare, who is paying who. Is the Costa Rican villa administrated by the Swiss Nimiq Foundation? All these questions were never answered by them. Everything is total shady about their foundation being registered in Switzerland. I repeat again that the foundation was created a half a year after the ICO was ended and the 12.8 million dollars were collected
Because the Foundation was registered after many months of the ICO period, and the KYC was started in January 2018, an ICO refunding can be done on Nimiq and SEC can commit Class actions against them individually. Basically, they ICO smart contract was developed by some individuals and the entire process was directly handled by these people: Robin Linus, Elion Chin (their investor), Philipp von Styp-Rekowsky, Pascal Berrang, Marvin Wissfeld and Ricardo Barquero.
Moreover the domain nimiq.com was a Real Estate company owned by Elion Chin and some users on telegram posted web archive proofs about this claim. They never explained how they got the domain nimiq.com https://web.archive.org/web/20101001032656/http://www.nimiq.com:80/
2. Beside the ICO, they even pre-mined about 7.5% of the entire network into 3 addresses.
A) Foundation
B) ImpactX Charity
C) Early contributors.
3. The biggest issue I see in the project is that they declare that 2.5% of the funds were premined and they go to ImpactX Charity Foundation. Nobody and they never published what is ImpatX Charity Foundation. We don't know if the ImpactX charity exists, who decided that the funds should go to ImpactX and not to OUR KIDS FOUNDATION. Is ImpactX Charity Foundation registered? Who administrated it ? I believe the 2.5% charity foundation was just another "nice" lie to hide the fact they will keep another 2.5% of the funds to themselves that this "ImpactX Foundation" doesn't exist and it will never exist. Moreover, they never explained who the Foundation, ImpactX and Early contributors own the vesting about? Is it a single owner or is it a multi-signature wallet? Is the private key owned by whom? Robin, Richy, Elion or by who?
4. Another scam point is that they declared in their transparency report that they invested 1.1 million dollars into "real estate". They never explained this. It looks like the Foundation paid 1.1 million dollars from the ICO directly to Elion Chin (who owned the Costa Rican villa and also had a Real Estate company called nimiq and the domain nimiq.com was owned by him). So, probably they paid Elion Chin over a million dollar for a 2 store mansion in Costa Rica. This is definitely not a wise direction, but they never explained what the 1.1 million dollar investment from the ICO money means.
5. Another major lie was back in Jully when people started to question that Robin has left the project. After some time, Richy started to create a lie that Robin was "starting to work on research about scalability". Absolutely no news and no information was given by Robin for over 6 months. Robin Linus's last medium post and last video appearance are in May 2018. For over 7 months, they continued to lie and Robin was never seen in the project. A lot of concerns started to appear last week when people decided to question Richy lie that Robin Linus was indeed working in the project. They started to say that Robin was not the founder of the project and that his involvement was not that much as Nimiq was a team project. By using this message, their community admins and Richy was trying to remove Robin from the project forever.
Last night Robin decided to write a message on telegram regarding his involvement in the project. It definitely shows that Nimiq has a internal "fight" over the leadership of the project and probably who is in charge of the project ICO money. Moreover, they also knew and acknowledged that the ICO investors lost more than 95% of the money. It looks that Robin decided after 7 months to whistleblow that the project is a total failure and they need to tell the truth to the ICO investors about their huge failure.
6. Another major problem of the team is that according to their team reports' without taking in consideration their 1.1 million dollar mansion in Costa Rica in July'18 they had about 10 million dollars. Their burning rate was only $250,000 per month in July'17. Probably the burning rate at the moment is higher than $350,000 and they would have only 5 million USD. It means the project would have funds to survive just for another 12 months. When the project will become broke most (if not all) of the leave the project and probably the entire network will shut down and be closed. They argue it is a decentralized project. This is not true. If it would be a decentralized network it means they would not require to have a full time network guy to watch the network and maintain it. When the seed nodes were offline the nimiq.com network was also down for many hours. Transactions couldn't be processed and synchronization couldn't be done. If they run out of money, the NIM will be worthless of value 0 and the website nimiq.com will get closed. It will be closed exactly like the previous Real Estate website nimiq.com
6. Nimiq raised over 12 million dollars during the ICO period in the summer back then. During the ICO they were presenting Nimiq as a "ready to go" blockchain, but in fact, everything presented in their demo during the ICO period was totally broken. Their demo was not even a blockchain in the real sense and this is the reason why it took them another year to create a completely new blockchain from scratch. After the demo, initially, they were trying to clone cryptonite blockchain with Mini Blockchain, but after some time they discovered another paper called Non-Interactive Proofs of Proofs of work and they decided to stick with a complete model that was not developed or built by them.
7. Nimiq never published any official white paper. Their only "white paper" is a medium article that described "how cool would be a Browser based blockchain", but intentionally forgetting about describing any kind of technology advantages or breakthrough. As explained in 2. they solutions of cloning the code of cryptonite was later discovered and then switched to NIPOPOW, although the entire team didn't have any kind of clue about the direction of the project or its technology. There is fundamentally no innovation into this project. Nim is just some good story marketing convinced a bunch of people to believe it is a ground-breaking technology while simply it is isn't.
8. At the moment over 70% of the mining is centralized in a Chinese Mining Pool named SkyPool. The vulnerability of 50%+1 is real from the day of launch. Since day 1 of the Nimiq Blockchain SkyPool anytime can attack the network with 50%+1 attacks.
9. ICO Investors lost over 95% of the investment. This lose is not to fiat, but even to Bitcoin parity. Interesting is that the entire Blockchain market is worth ~2 million dollars, while the project still has 8 million dollars from the ICO funds. Why are they not interested in their ecosystem while they have 4 times more money than their entire project and community.
10. Pool miners closed their pools. Multiple pools including porkachu, Philpool, Beepool and other pools were closed due to unprofitability of this coin.
11. Most of the community is gone and they never look back. There are just barely 50 people involved in their project channel groups namely Telegram and Discord. Most of these are miners who are interesting to make some activity in their channels in order to dump the NIM coin on the market.
12. Censorship is at its high. You get an instant ban if you post a simple question about their foundation structure or about their funding. Immediately, like in seconds an "admin" on their telegram or discord will gonna ban you and remove all your messages. They call this a fight against FUD. They accuse users to be others and ban innocent people
1. Nimiq was not registered as a legal entity during the entire period of the Initial Token Offer (ITO). So, Nimiq Team was NOT registered during the fundraising with the Initial Coin Offering (although they were selling tokens). Moreover, during the entire ICO period, they didn't have any KYC. Only after the ICO ended, they created a foundation and hired a company to be in charge with the process of KYC to convert the NET (Nimiq Exchange Token) to NIM the coin. They have registered the foundation in a special place in Switzerland to allow them to move the funds without publishing any information about the foundation and in which ways they were incorporated. By this time, nobody except them doesn't know the board of the Nimiq Foundation. Information like who is in the foundation, who administrates the foundation, how many people are in the foundation, who is in charge, how much funds did they declare, who is paying who. Is the Costa Rican villa administrated by the Swiss Nimiq Foundation? All these questions were never answered by them. Everything is total shady about their foundation being registered in Switzerland. I repeat again that the foundation was created a half a year after the ICO was ended and the 12.8 million dollars were collected
Because the Foundation was registered after many months of the ICO period, and the KYC was started in January 2018, an ICO refunding can be done on Nimiq and SEC can commit Class actions against them individually. Basically, they ICO smart contract was developed by some individuals and the entire process was directly handled by these people: Robin Linus, Elion Chin (their investor), Philipp von Styp-Rekowsky, Pascal Berrang, Marvin Wissfeld and Ricardo Barquero.
Moreover the domain nimiq.com was a Real Estate company owned by Elion Chin and some users on telegram posted web archive proofs about this claim. They never explained how they got the domain nimiq.com https://web.archive.org/web/20101001032656/http://www.nimiq.com:80/
2. Beside the ICO, they even pre-mined about 7.5% of the entire network into 3 addresses.
A) Foundation
B) ImpactX Charity
C) Early contributors.
3. The biggest issue I see in the project is that they declare that 2.5% of the funds were premined and they go to ImpactX Charity Foundation. Nobody and they never published what is ImpatX Charity Foundation. We don't know if the ImpactX charity exists, who decided that the funds should go to ImpactX and not to OUR KIDS FOUNDATION. Is ImpactX Charity Foundation registered? Who administrated it ? I believe the 2.5% charity foundation was just another "nice" lie to hide the fact they will keep another 2.5% of the funds to themselves that this "ImpactX Foundation" doesn't exist and it will never exist. Moreover, they never explained who the Foundation, ImpactX and Early contributors own the vesting about? Is it a single owner or is it a multi-signature wallet? Is the private key owned by whom? Robin, Richy, Elion or by who?
4. Another scam point is that they declared in their transparency report that they invested 1.1 million dollars into "real estate". They never explained this. It looks like the Foundation paid 1.1 million dollars from the ICO directly to Elion Chin (who owned the Costa Rican villa and also had a Real Estate company called nimiq and the domain nimiq.com was owned by him). So, probably they paid Elion Chin over a million dollar for a 2 store mansion in Costa Rica. This is definitely not a wise direction, but they never explained what the 1.1 million dollar investment from the ICO money means.
5. Another major lie was back in Jully when people started to question that Robin has left the project. After some time, Richy started to create a lie that Robin was "starting to work on research about scalability". Absolutely no news and no information was given by Robin for over 6 months. Robin Linus's last medium post and last video appearance are in May 2018. For over 7 months, they continued to lie and Robin was never seen in the project. A lot of concerns started to appear last week when people decided to question Richy lie that Robin Linus was indeed working in the project. They started to say that Robin was not the founder of the project and that his involvement was not that much as Nimiq was a team project. By using this message, their community admins and Richy was trying to remove Robin from the project forever.
Last night Robin decided to write a message on telegram regarding his involvement in the project. It definitely shows that Nimiq has a internal "fight" over the leadership of the project and probably who is in charge of the project ICO money. Moreover, they also knew and acknowledged that the ICO investors lost more than 95% of the money. It looks that Robin decided after 7 months to whistleblow that the project is a total failure and they need to tell the truth to the ICO investors about their huge failure.
Quote from: Robin
Happy New Year everyone!
First of all: we want to be more responsible in 2019.
So let’s face the truth: There have been lots of rumors around Nimiq and we understand the dissatisfaction. Since the ICO our investors have lost almost all their money. Even in comparison to BTC we are down 95%. According to the ranking on coinmarketcap we fell from ~250th to ~600th place in one year. Long story short: we failed to fulfill our potential.
Now the best way forward is to be honest with ourselves and in particular with you.
We are working hard on resolving internal disputes regarding necessary changes and our way forward. It has been quite a grind so far because lots of different opinions and emotions are involved. Now to terminate our process we commit to make an official statement by Sunday night.
Let’s work together to unfold Nimiq’s full potential and let’s make 2019 the year of Nimiq!
First of all: we want to be more responsible in 2019.
So let’s face the truth: There have been lots of rumors around Nimiq and we understand the dissatisfaction. Since the ICO our investors have lost almost all their money. Even in comparison to BTC we are down 95%. According to the ranking on coinmarketcap we fell from ~250th to ~600th place in one year. Long story short: we failed to fulfill our potential.
Now the best way forward is to be honest with ourselves and in particular with you.
We are working hard on resolving internal disputes regarding necessary changes and our way forward. It has been quite a grind so far because lots of different opinions and emotions are involved. Now to terminate our process we commit to make an official statement by Sunday night.
Let’s work together to unfold Nimiq’s full potential and let’s make 2019 the year of Nimiq!
6. Another major problem of the team is that according to their team reports' without taking in consideration their 1.1 million dollar mansion in Costa Rica in July'18 they had about 10 million dollars. Their burning rate was only $250,000 per month in July'17. Probably the burning rate at the moment is higher than $350,000 and they would have only 5 million USD. It means the project would have funds to survive just for another 12 months. When the project will become broke most (if not all) of the leave the project and probably the entire network will shut down and be closed. They argue it is a decentralized project. This is not true. If it would be a decentralized network it means they would not require to have a full time network guy to watch the network and maintain it. When the seed nodes were offline the nimiq.com network was also down for many hours. Transactions couldn't be processed and synchronization couldn't be done. If they run out of money, the NIM will be worthless of value 0 and the website nimiq.com will get closed. It will be closed exactly like the previous Real Estate website nimiq.com
6. Nimiq raised over 12 million dollars during the ICO period in the summer back then. During the ICO they were presenting Nimiq as a "ready to go" blockchain, but in fact, everything presented in their demo during the ICO period was totally broken. Their demo was not even a blockchain in the real sense and this is the reason why it took them another year to create a completely new blockchain from scratch. After the demo, initially, they were trying to clone cryptonite blockchain with Mini Blockchain, but after some time they discovered another paper called Non-Interactive Proofs of Proofs of work and they decided to stick with a complete model that was not developed or built by them.
7. Nimiq never published any official white paper. Their only "white paper" is a medium article that described "how cool would be a Browser based blockchain", but intentionally forgetting about describing any kind of technology advantages or breakthrough. As explained in 2. they solutions of cloning the code of cryptonite was later discovered and then switched to NIPOPOW, although the entire team didn't have any kind of clue about the direction of the project or its technology. There is fundamentally no innovation into this project. Nim is just some good story marketing convinced a bunch of people to believe it is a ground-breaking technology while simply it is isn't.
8. At the moment over 70% of the mining is centralized in a Chinese Mining Pool named SkyPool. The vulnerability of 50%+1 is real from the day of launch. Since day 1 of the Nimiq Blockchain SkyPool anytime can attack the network with 50%+1 attacks.
9. ICO Investors lost over 95% of the investment. This lose is not to fiat, but even to Bitcoin parity. Interesting is that the entire Blockchain market is worth ~2 million dollars, while the project still has 8 million dollars from the ICO funds. Why are they not interested in their ecosystem while they have 4 times more money than their entire project and community.
10. Pool miners closed their pools. Multiple pools including porkachu, Philpool, Beepool and other pools were closed due to unprofitability of this coin.
11. Most of the community is gone and they never look back. There are just barely 50 people involved in their project channel groups namely Telegram and Discord. Most of these are miners who are interesting to make some activity in their channels in order to dump the NIM coin on the market.
12. Censorship is at its high. You get an instant ban if you post a simple question about their foundation structure or about their funding. Immediately, like in seconds an "admin" on their telegram or discord will gonna ban you and remove all your messages. They call this a fight against FUD. They accuse users to be others and ban innocent people
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