Topic: PinkApp.io is a SCAM (Read 1271 times)

changing name of scam, changing domain name, changing fake accounts on bitcointalk. Thats it?

I was brought on as Interim CEO, to help with the business model, step up marketing and work on formal incorporation in a jurisdiction that is friendly to PinkDate's business

By now, with the interaction in the slack channel and telegram, people aren't wondering PinkDate is a s c a m , but wondering if they should invest.
Can't give you an opinion on that.
All ICOs are risky. But so far, many have made a lot of money for their investors.
PinkDate might be the risky investment that makes the 50X returns like XRP. Can't say.
But for sure, we are working too hard to be a scam. It would have been much easier to spend 99% of time on marketing a scam, than to do what we are doing. Then again, if I was scamming you, that is what you'd expect me to say, right?

Look at our update white paper, join the slack channel. Ask tough questions, than you can see what you think.

Also, our President is visible and has gone to Crypto events in the UK, Florida, Netherlands, San Fran and today, Mexico at the www.Anarchapulco.com event.  Epic.

Twitter  @GoPinkDate   and @SarahPinkDate.

So, now it's back to work....
Nick

OMG, 3 months passed and here yo are again. For the god sake, you've made new roadmap and new ico. It's just ridiculous, go away.

This is a common analysis by technical-oriented people whom are not thinking of the business implications.

No one would spend $5.000.000? How much do Ashley Madison billboards cost? Anyone that thinks you're going to spend $200K and have a viable business is not correct. Why not use your logic on Uber! They already have the software built. Maintaining it with 50 people for half a million each is only $25M a year. Servers will not cost more than that. Hence: Why is their burn rate higher than $50M?

At PinkDate consider: If we were to offer $500 sign-up incentives to escorts to join and promise to check PinkDate once a day for 2 months and we signed up 500, that's $250K right there. Look at our whitepaper. Escort and client incentives make up the bulk of our costs. At the beginning we must spend heavy to grow fast and spend to keep clients and providers happy, even if they are in the wrong. This is not cheap.

Do note that we reduced our ICO to $20 MM because we do not at this time need $50 MM. $20 MM is enough to handle a large drop in crypto and other setbacks yet still allow big growth.

With jurisdiction I explained it before but again:

0. Most sex-legal countries have regulations we would not meet. The very premise is void. Proof: The big sex and dating companies would already be doing exactly what PinkDate is suggesting...the idea is not novel...but yet they do not. Why?

To continue... assume there is a country that does not care about our business. That we are the first to have this idea.

1. US ignores law. Look at The Pirate Bay or Mega-Upload. Violation of local law and rights is not an obstacle.
2. US can make up things, accuse us of human trafficking, for example. They could take FBI tactics and plant people to claim trafficking and attempt extradition or legal attack with that cover. They have clever people working for them that will do what they can to bend us into non-compliance.
3. US can choose their time and place. They can charge us, get extradition requests, wait until one day we step foot into a US-friendly jurisdiction...
4. Privacy is damaged. We will have to respect search requests by the local authority, and that authority will allow foreign countries to get search requests. See Protonmail legal incident list for more info.
5. The laws may change. Sex work is in a fluid state legally-speaking. It would not be surprising to see a country change legislation in a way that might impact us.
6. It adds a lot to operating costs because at some point we will end up fighting it in court. Even if we win this is distracting for business.
7. Legal playing-field unfairly benefits well-funded competition.

The smartest thing is a layered defense: Utilize those jurisdictions that help us, but utilize Tor and privacy tech as well! For instance: We have some servers in friendly countries.

interesting thread, although there wasn't a doubt for me not to put any money in sex-related projects. too shady for me.

If you check the ann-thread I've played the same game, asked them why not get in a country where sex-working/support to sell is allowed ( Like the Netherlands ), their response was simple "what if the USA seizes the servers ( possible, but hard to do so by law) etc. etc. ).

Brad left no room open for it, this dedication in staying hidden, was the reason I directly moved out of investing.

Thread is about pinkapp. So the message was about it.
Nocta promised that they will make a prototype this year. We'll see.

Which one are you referring to now? PinkApp or Magos?

Does anyone know anything about Nocta? They also remain anonymous and so on (for business reasons), whats your views on that one? Not that I want to invest, I'm just curious!

Scam was busted. Ann thread is abandoned.

  There  are  many  scams  in  ICO.Magos  is  one of them.(https://magos.io). I sent 1 eth to them ,but get nothing! Be  aware  of  them.

interesting thread, although there wasn't a doubt for me not to put any money in sexrelated projects. too shady for me.

So, nobody will react on this?

Its probably same scam with re-hashing the same goddamn idea over and over.  Decentralized hooker service - from one scam to another. Fake or anonymous team - collect small amount of ETH - make another ICO with different design. Repeat for infinite money!

I've been catched by a bot driven activity in their thread. And pinkapp acting in this way too

This, otherwise everybody is going to lose eventually. if anybody remembers what happened to the Redbook admins in SF you should be careful considering they're both doing serious time right now. Incorporating 'offshore' is meaningless if you are actively promoting within the US or taking payments you can still get extradited, esp if you're giving interviews, or are at all political. One of the main reasons Redbook went down is they became political/advocacy, if you're doing something illegal don't get involved in politics, try to avoid centralizing payments and never give interviews to the media, just grow your shady app slowly it will get popular, no need to force it by rubbing your illegal service in the face of cops and politicians with high profile interviews, they hate that and like to make 'examples' like the Redbook people. The media isn't your friend, you should treat them like late stage cancer because after every interview they go run to the nearest politician "What are you going to do about this blatant illegal app? Your comment please Senator" and this elevates you to having significant resources aimed in your direction.

I read and reread every thread and what came into my head was: Wow these ICOs are turning many scammers into millionaires.

---

as @Thule said, Why did not you open a company in a country where it was legal and so you would show your face?

And you're asking for a lot of money without showing your face.


being something that involves investor money, you should do things that do not violate the law

The amount of funds they want to collect is just insane.I worked in the adult scene in my youth and was dealing with big players and you can trust me noone would ever spend $5.000.000 for such a service.Even not close to that.And they want to raise a total of $55.000.000 .Asking myself where people think will come the benefit ?
Adultfriendfinder which was #1 worldwide has been sold to hustler for $500.000.000 at glory days with all its customers and i know that they pushed their sales extremly hard by loosing profit to sell it at that price.Today they wouldn't even get 1/3.

So pink is demanding $5.000.000 for an app and plattform which barly will cost $200.000 .
Great deal isn't it ?

And hiding themself from public just shows they have no clue about that business.They could just open a company in Netherland,Germany,Switzerland or Spain and it would be 100% legal

Are you for real? It was same scam! They are not even creative.

Sigh.. I wish I got paid for interviews!

Anyway, for those of you watching at home, here's our latest preview:
https://vimeo.com/239655911

Newsweek's International Business Times will made an "interview" with anybody, who will pay for it. there is NO confirmation, stop fooling people with paid "confirmations". Your offer means nothing, most of prostitutes dindt know what is even bitcoin. All of them will say that cash is preferable. Stupid offer, imo, even if it real.
I'm not investor of SSIO, i've thought that they have some serious technical basis, but after the release of their whitepaper, I dont think so. Nowadays there is no sex-related project to trust in.

Newsweek's International Business Times did an interview with our VP: http://www.ibtimes.com/beyond-bitcoin-blockchain-tokens-sex-industry-2601252 - so there's 3rd party confirmation of someone other than me being involved.

I don't control those accounts. But for arguments sake, let's say I did. Let's say that I bought a bunch of accounts and the entire thread is me talking to myself. That sounds like a sad attempt at promotion and has zero bearing on our service being legit. If true, it is weak, but I do not see how it jumps to being a scam. After all, we only started the ANN thread on this forum well after we were working on the platform.

I'll make you the offer I've made others. We'll pay for a dinner date with an escort in your area (assuming English city) if you will post on social media afterwards. Just discuss Pink, SSIO and others. Ask direct questions about them preferring tokens vs cash, for instance. Email me and we'll set it up. Go to Twitter and find escorts in your area, someone public that we can both agree is real and unbiased.

Edit: Also, are you an investor in SSIO? Just in the name of full disclosure...?

Most suspicious from the list is the activity of hacked/bought accounts and your multiacc, for sure.
Prostitutes will say what you want for cash, and your vimeo videos doesn't proove anything, basically. Everybody can pay them and they will say that black is white.
We already see what stupid scammers do, you are smarter, no doubt.
Slack, bitcointalk, reddit - no matter what. Untill you'll disclose your identity you can not prove that there is somebody except you. And the main fault is fake accounts in your thread. This just cannot be explained. Acting just like lust.

Hi there, and thank you for your work on this.

First off, we are nothing like SSIO, Eros.Vision, and others. We have a real business model. Or VP of Product is an active sex worker. Those other projects have zero future, scam or not, because they don't even have a real idea that'd possibly work. The same thing for Eros.Vision. I personally know how bad it feels to get ripped off. But Eros.Vision wasn't ever going to be a viable product. It was a Craigslist 2.0, with more scam potential.

1. Anonymous team. The core team must be anonymous or we'll be shut down. Launch city is Toronto, but we are going to expand into the US next year. But even with Toronto, the business of sex work is not legal in Canada. Selling sex is legal, but that's it. You cannot assist someone in selling sex. Even tangentially! For instance, we wanted to use Tarsnap as our backup provider. I emailed Mr. Percival, and his legal team said they could not provide us service, because they'd be living off the proceeds of prostitution. Not having an anonymous core team puts the entire project at risk.

Does this mean our project is high risk? In absolute terms, YES! Compared to other ICOs? Well, like I pointed out about Eros, SSIO, or even Frantic, they have such bad business ideas that even if they aren't scammers (I think SSIO is sincere) they aren't going to make money. Filecoin is literally a real-life version of HBO's Silicon Valley's Pied Piper, without the amazing compression. Scam? No, but if you lose money because it's a terrible idea, you still lose money. So when you consider the high-risk ICO market, Pink is one of the more solid investments. But please only put in your disposable "gambling" money, just like you should do with any other ICO.

2. We're working on a "whitepaper" or pitch deck. I will say that whitepapers make NO SENSE for businesses. Pink is not a tech company. The core app is damn straightforward. We are not inventing new tech, besides our advanced privacy and security setup: https://medium.com/@PinkApp/pink-app-trading-latency-for-anonymity-and-other-techniques-815ee21c6da4 So these whitepapers are mostly just an invention of ICOs wanting to pretend they are inventing something new, and to distract from the lack of real business model. But we're capitulating and will have a real pitch deck and some calculators soon. We'll even call it a whitepaper.

3. Yes, investment is anonymous to protect both our operations and investors.

4. Most ICOs are heavily dominated by whales. We had investors lined up from before we even bought the domain name so it is not surprising to have early investment. We had a slump when BTC dropped, and the recent spike was due to our update (https://pinkworldwide.com/update2). I am not sure how it is our benefit to show low-investment periods. We'd definitely have more investment if we hadn't had a slump in the middle of the fundraiser! Also note that in the update, the plan is not to reach the cap or minimum right now. We're closing Series A end of month, using the money to build a beta, then will sell remaining Series A shares in a B round, then use that to do a big launch. We issued extra shares to pre-Oct 18 investors and gave them $1 call options expiring in December to compensate, and that was responsible for about half of the jump we recently saw. The rest was some mid-sized investors finally getting in, after weeks of back-and-forth.

5. I'm not sure how this has anything to do with the company. If you want to see real people, go to our Vimeo page: https://vimeo.com/pinkapp = We have real escorts talking about their thoughts on Pink. From the videos, you can see these are not paid actresses (they identify themselves and you can check them out on Twitter) or scripted. We did provide a small ($200) compensation for their time, we asked for their honest thoughts and opinions. We asked several people and published every video response we got.

6. Our initial site used the "Primes" template we got off Themeforest. The new design used an NY-based design agency, Vivid Motion (http://vividmotion.co/). I HIGHLY recommend them. As proof, here is an early concept they delivered, hosted on their client-work site: http://vividmotion.design/pinkapp-final/index.html  - They were fast, iterated quickly, listened to us go back and forth and all around on what we wanted, visually. Email me and I'll give you our contact's email if you want to ask about how they worked for us.

We have more than just a few screenshots. Our homepage links to a couple of videos, and more are on the way. But no testnet/beta yet, you are right.

7. Eros.com takes their business seriously. They run a fine line legally. Eros.Vision was outright illegal. It's understandable that Eros.com wants to distance itself from Eros.Vision and shut them down. And remember that trademark law strongly encourages companies to defend their trademark. If Eros.com was aware of Eros.Vision and did nothing, that'd be bad for them. And in no way will the Eros.com re-use their name to launch an illegal business (or scam!). We mention Eros.com because they are competition in a sense. We also mention Backpage, Slixa, ECCIE, TER, and other such sites.

Anyways, in summary: We may be high IQ scammers spending a ton of time to pretend to be building an app, while refusing to play the traditional ICO game (tokens, whitepapers, all that nonsense). I cannot prove a negative. As Sarah mentioned, go into our Slack room and chat with us and get a feel. There are other investors there you can talk to.

1. Anonymous team, yes. This is only given the legalities of the service we are offering.

2. Whitepaper to be expected on Monday.

3. I can't comment on this; that's Brad's area.

4. If you expected a perfectly linear increase in funding with no stops along the way, you clearly have no idea how raising funds works. As of now, we are here: https://seriesa.pinkapp.io/

5. You're speculating here by making assumptions; do you have any hard evidence these are bought/hacked?

6. Eros.vision doesn't look anything like http://pinkapp.io. Obviously you can check for yourself.

7. What's your point here?


If you're interested in checking us out further:

Join our Slack channel:

https://join.slack.com/t/pinkapp/shared_invite/enQtMjQ0NjI2MDM0ODY1LWJhMGQ5ZTY4ZjRmODFlMTRlYWU3NDUwYWMzMDA1MGVlZGE1NThlN2ZjMWE2NGYxODRmNmY2NTg1YWI2MWM0YTk



Follow me on Reddit:

https://www.reddit.com/user/Sarah_PinkApp/


Read our Medium articles:

https://medium.com/@pinkapp

Nice find OP, great work!

Now lets wait and see what cryptodevil/ Lauda have to say about this.

I'm one of Eros.vision investors (my fault). I was too close to invest in lust scam too, but thanks to Jan Marcin, i didnt that. Sex-related icos/sales pops like mushrooms nowadays. And I'll bust them if there is a scam.

There is 3 active projects now:
sexservice, nocta, pinkapp

The last one have too many redflags:

their ann thread

1) Anonymous team (they pretending to be a Canadian escort service, so it makes no sense to sacrifice the credibility of the project with anonymous team)
2) No whitepaper
3) Untraceble ICO with 5$m cap. No tokens/coins. You just send your crypto SOMEWHERE and get nothing back.
4) They scrolling their ICO counter:
They pretend to "collect" $400k before ann thread on this forum https://web.archive.org/web/20170911221843/https://pinkapp.io/, then stuck for days on $700k, but just few days earlier they "collect" $100k in just one day. It does'nt look real imo. And i bet they will manually "reach" minimum of $1.5m to initiate second sale.

5) Most of users in their thread are newly registered, or bought/hacked and post most meaningful and long post in ann thread.

 Here are 100% accounts of bradpink(topicstarter) or related to him:
celestio -  bought/hacked account, no activity from 2015, gets alive and posts mostly in pink thread.
esmereldazela - posts in sex-related projects threads to promote pinkapp, then just stops.
AppreciatingValue fresh account, few words spam in other threads to get activity, long posts in pinkapp thread.
BlitzandBitz - bought/hacked account, no activity from 2015, gets alive and posts mostly in pink thread.
bananafana - bought/hacked account, no activity from 2015, gets alive and posts mostly in pink thread.
covert24 - fresh account, first post in pinkapp thread.
deeltje - no activity between 2015 and autumn of 2017, very active in pinkapp thread, possibly hacked/bought.

Suspicious accounts:
dma888 - no activity between 2013 and sept 2017 (hacked/bought).
Zeatorius - no activity between Jan and Oct, first post after silence is in the thread about hacked accounts (lol), active in pinkapp thread.
Dipsomaniac - no activity between 2015 and autumn of 2017, active in pinkapp thread, possible hacked/bought.

Sword555 no activity between 2015 and autumn of 2017, active in pinkapp thread, possible hacked/bought.
BuyingFast - first poster in thread after bradpink. Registered in september. First posting activity is in the threads about buying reddit accounts. (maybe we will see any reddit activity of pinkapp)

6)  The entire design of their site used same templates/fonts/ico bar as eros.vision does. Maybe im paranoid about this and this is just a coincidence, but I've learned every pixel of eros when invest in. You can check it by your own. (no proofs, eros.vision offline, only poor quality screenshots like this are available)

7) (no proofs, only thoughts) IMO eros.vision was somehow related to the eros.com. Why? Because ordinary scammer will not post any shit about "omg, my site was stolen by (here is direct link to bad, baad Eros.com)", RIGHT AFTER the end of the ICO. Not before, not bit later, just in time, good work eros.com.
 If site was really taken away, ordinary scammers just go offline and abandon their project. In other way - simply renew ico counter like lust.
Pinkapp have some talks about eros.com (as an opponent) too, but i'm just speculating here.