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Topic: Scam Accusation against Urocoin (true-asset) and Green Earth Systems Limited (Read 17120 times)

legendary
Activity: 1764
Merit: 1000
Mandatory #Urocoin $URO wallet upgrade to v1.0.2.3 required before 08 NOV 2014
https://github.com/urocoin/uro/releases/tag/1.0.2.3 @BittrexExchange @cryptsy
hero member
Activity: 714
Merit: 502
You can see photographic proof that everything happened as announced regarding UROSE 2014 on Twitter @UroFoundation:

http://twitter.com/UroFoundation

Videos of UROSE 2014 are being prepared for YouTube upload as we speak.

The Uro Foundation funded the research and has also funded the development world's first implementation of SPoW: Staked Proof of Work, the biggest advancement in decentralized ledger security since 2009:

https://twitter.com/UroFoundation/status/528717599723372545: First release of #Polychains with #SPoW Whitepaper completed: https://t.co/JjsJ8Ls6Xk Being implemented into $URO in next months for #Urodex

#Polychains with #SPoW increases network hashrate, gets rid of mining pools and eliminates the need for centralized checkpointing. $URO

#Polychains w/ #SPoW solves the main 2 probs w/ PoW (51% attack & low hash) & the only prob w/ PoS (centralized checkpointing) $URO #Urocoin

#Polychains w/ #SPoW: completely decentralized block chain ledger networks free from 51% attacks & central points of authority $URO #Urocoin

lol
legendary
Activity: 1764
Merit: 1000
Mandatory #Urocoin $URO wallet upgrade to v1.0.2.3 required before 08 NOV 2014
https://github.com/urocoin/uro/releases/tag/1.0.2.3 @BittrexExchange @cryptsy
legendary
Activity: 1764
Merit: 1000
To all the FUDSTERS out there!!! This is the REAL Thing!

URO Special Event Now Ongoing in HongKong





Bohan Huang has begun his keynote address.  Thanking all attendees and speaking on golobalization and trade.

More to COME!!!
full member
Activity: 238
Merit: 100
they dump and pump to keep the coin alive in hope to gain trust from few more people who would risk their BTC in this coin.
but you can not even call it a "pump" comparing to where the coin used to be / where the coin should be.
hero member
Activity: 714
Merit: 502
price rise is because of?

I'd bet my house it's down to one of two things (or both);

-fucking idiots
-scammers buying their own coins on a sparse order book
member
Activity: 70
Merit: 10
price rise is because of?
hero member
Activity: 714
Merit: 502
nice, this thread is still up-to-date

You can also add a list of projects failed  Grin
What happened to "prypto scratch cards" and funding raised by bag holders?
https://www.startjoin.com/updates/project/pryptocardsuro

There was NURO Wallet contest, who won that and how much did they actually pay him?
This was the URO address UcfrsStV4NvZg6by6k64e95TNfpvThf1kC but its not longer in the URO-richlist
The total amount was $74

Did anyone see that GES/Iran video they promised to deliver last week?
What happened to Nilesh providing that interview to Max Keiser? Max Keiser realized its a scam!

we will see what happens to the new project UROEX and their partnership in Cambodia (where cryptocurrency is not accepted)
This time Nilesh and Bohan decided to use godaddy domain to protect their privacy on web. No other exchange has done that.
I smell some more SCAM right there...

About that "special event" in HK (which is a good joke) they are trying to keep even a Hotel as a secret, like they are meeting a president.
Who in the hell would travel to HK for 4h agenda? Who is the blockchain expert? How comes they ask people to pay in BTC and not in URO?

If you look into GES archive, you will find few interesting facts:
From 2012 to 2013 GES went from "one of the Australias fastest growing..." to "one of the Egypt, HK, Fiji and Papua Guinea fastest growing"
within one year no more growing in Australia..so 2012 was another bad year for Nilesh. He moved all his business outside of Australia...well, he did not move it but he wants people to think that he is so damn international and maybe hide some information from Australians...

but you know whats funny, year after year he kept writing 13 years of experience..lol
so he had 13 years experience in 2012, 2013 and 2014




Lol you missed the 30 relevant press releases off that list!! I think everyone knows it's a scam now just the same lot of misguided fools defying logic to try to find bigger idiots to rip off with the worthless coins they've bought!
full member
Activity: 238
Merit: 100
nice, this thread is still up-to-date

You can also add a list of projects failed  Grin
What happened to "prypto scratch cards" and funding raised by bag holders?
https://www.startjoin.com/updates/project/pryptocardsuro

There was NURO Wallet contest, who won that and how much did they actually pay him?
This was the URO address UcfrsStV4NvZg6by6k64e95TNfpvThf1kC but its not longer in the URO-richlist
The total amount was $74

Did anyone see that GES/Iran video they promised to deliver last week?
What happened to Nilesh providing that interview to Max Keiser? Max Keiser realized its a scam!

we will see what happens to the new project UROEX and their partnership in Cambodia (where cryptocurrency is not accepted)
This time Nilesh and Bohan decided to use godaddy domain to protect their privacy on web. No other exchange has done that.
I smell some more SCAM right there...

About that "special event" in HK (which is a good joke) they are trying to keep even a Hotel as a secret, like they are meeting a president.
Who in the hell would travel to HK for 4h agenda? Who is the blockchain expert? How comes they ask people to pay in BTC and not in URO?

If you look into GES archive, you will find few interesting facts:
From 2012 to 2013 GES went from "one of the Australias fastest growing..." to "one of the Egypt, HK, Fiji and Papua Guinea fastest growing"
within one year no more growing in Australia..so 2012 was another bad year for Nilesh. He moved all his business outside of Australia...well, he did not move it but he wants people to think that he is so damn international and maybe hide some information from Australians...

but you know whats funny, year after year he kept writing 13 years of experience..lol
so he had 13 years experience in 2012, 2013 and 2014


hero member
Activity: 714
Merit: 502
Thanks, you don't know how nice it is to get a reply regarding this matter from someone sensible! actually that's the 2nd time someones recommended that book to me this month, given how fascinated I've been with uro, I'm adding it to my reading list now!

And that's why I said what I said in the way that I did.  Must have been tired though, big whups on the syntax.  

http://www.gutenberg.org/ebooks/24518

Those who don't know their history are doomed to etc etc etc etc etc.
"The inordinate thirst of gain that had afflicted all ranks of society was not to be slaked even in the South Sea. Other schemes, of the most extravagant kind, were started. The share-lists were speedily filled up, and an enormous traffic carried on in shares, while, of course, every means were resorted to to raise them to an artificial value in the market.  One rumour alone, asserted with the utmost confidence, had an immediate effect upon the stock. It was said that Earl Stanhope had received overtures in France from the Spanish government to exchange Gibraltar and Port Mahon for some places on the coast of Peru, for the security and enlargement of the trade in the South Seas. Instead of one annual ship trading to those ports, and allowing the king of Spain twenty-five per cent out of the profits, the company might build and charter as many ships as they pleased, and pay no per centage whatever to any foreign potentate."

While they were at war with Spain. Yeah right.  Here's the thing that's kept my interest though.  The dot-com bubble was full of absolute bullshit, but out of it came Amazon, Ebay, etc etc.  I think Doge is going to be the one to weather the oncoming storm, because it's got a history of being well, something to be tossed around, USED!  

"Some of these schemes were plausible enough, and, had they been undertaken at a time when the public mind was unexcited, might have been pursued with advantage to all concerned. But they were established merely with the view of raising the shares in the market. The projectors took the first opportunity of a rise to sell out, and next morning the scheme was at an end."

And everybody knows it too...

"Persons of distinction, of both sexes, were deeply engaged in all these bubbles; those of the male sex going to taverns and coffee-houses to meet their brokers, and the ladies resorting for the same purpose to the shops of milliners and haberdashers. But it did not follow that all these people believed in the feasibility of the schemes to which they subscribed; it was enough for their purpose that their shares would, by stock-jobbing arts, be soon raised to a premium, when they got rid of them with all expedition to the really credulous."

You want credulous?  I'll give you credulous!

"But the most absurd and preposterous of all, and which shewed, more completely than any other, the utter madness of the people, was one started by an unknown adventurer, entitled “A company for carrying on an undertaking of great advantage, but nobody to know what it is.” Were not the fact stated by scores of credible witnesses, it would be impossible to believe that any person could have been duped by such a project. The man of genius who essayed this bold and successful inroad upon public credulity, merely stated in his prospectus that the required capital was half a million, in five thousand shares of 100l. each, deposit 2l. per share. Each subscriber, paying his deposit, would be entitled to 100l. per annum per share. How this immense profit was to be obtained, he did not condescend to inform them at that time, but promised that in a month full particulars should be duly announced, and a call made for the remaining 98l. of the subscription. Next morning, at nine o’clock, this great man opened an office in Cornhill. Crowds of people beset his door, and when he shut up at three o’clock, he found that no less than one thousand shares had been subscribed for, and the deposits paid. He was thus, in five hours, the winner of 2000l. He was philosopher enough to be contented with his venture, and set off the same evening for the Continent. He was never heard of again."

Ho
Lee
Fuck

And speaking of fuck, why do you even bother trading insults with these knobs?  They're really terrible at it, on the level with "Your nose sir, it is rather large."  Anyways, back to work.  I'm really looking forwards to posting pictures of this, haven't named it yet.  Last fall I score two Thermaltake 2.0's with 2x1 rads for $22 each, because they had the wrong firmware installed.  One is on the CPU, I've mounted the second on the HD-7950, mounted a single Coolermaster on one 6950 and am about to mount another one on the second 6950.  That's a 3x2 block of rads, about the surface area of your average Cadillac.  Should make it into a Kustom Kulture kinda thing, Big-Daddy Roth and Rat-Fink theme.  Runs everything full-tilt under 70C in hot weather!




Thanks for the links though I downloaded it a few days ago free through Amazon!

“A company for carrying on an undertaking of great advantage, but nobody to know what it is.”

^ This is pretty much what got me interested in this forum a couple of years ago (sums up Piraete40's ponzi), I've always been fascinated by the scams and obscene business proposals (it's a fine line to distinguish between these IMO, and makes far more sense to scam money through a flawed business plan, than to blatantly steal money through a ponzi or bullshit scheme like Uro.

Although this book shows the world hasn't just gone mad and has always been this way, I think the internet's certainly made the landscape a lot more fertile for scammers and fundraisers!

A brilliant Idea (to scam money from credulous fucking idiots) I saw today that highlights this is https://www.facebook.com/breakoutandwin?fref=ts a relatively non existent company claiming to create the first digital currency for online gaming (I don't gamble and I remember pheonix coin two years ago, but facts and truth don't matter!) Buy 5000 likes, an email landing page, some sexy art work, less than a months work to retirement!!. It wouldn't surprise me if they raise $1/2m+ off this and avoid all legal responsibility (they've only got to shell out a few $k, to actually do what they're claiming!! and theirs no responsibility of equity in these tokens!).

I find it insane that people come up with great ideas, work their asses off for a lifetime to become millionaires, while on the other hand dickheads come up with shit ideas, a tiny amount of bullshit any sensible person can rip gaping chunks out of (Swarms a good example, as are 90% of all kickstarter projects!) and are rich before they even start (which they really have no incentive to do!)

Sorry I don't know anything about mining to comment on your rig, but good luck with the setup! I wouldn't get carried away with that belief in Doge! IMO Bitcoins an incomplete zero sum beta experiment that might have some legs as a profit making machine, but will inevitably be disastrous for most, clones on the other hand will just prove my point about Bitcoin rather more quickly!
legendary
Activity: 952
Merit: 1002
Thanks, you don't know how nice it is to get a reply regarding this matter from someone sensible! actually that's the 2nd time someones recommended that book to me this month, given how fascinated I've been with uro, I'm adding it to my reading list now!

And that's why I said what I said in the way that I did.  Must have been tired though, big whups on the syntax. 

http://www.gutenberg.org/ebooks/24518

Those who don't know their history are doomed to etc etc etc etc etc.

"The inordinate thirst of gain that had afflicted all ranks of society was not to be slaked even in the South Sea. Other schemes, of the most extravagant kind, were started. The share-lists were speedily filled up, and an enormous traffic carried on in shares, while, of course, every means were resorted to to raise them to an artificial value in the market.  One rumour alone, asserted with the utmost confidence, had an immediate effect upon the stock. It was said that Earl Stanhope had received overtures in France from the Spanish government to exchange Gibraltar and Port Mahon for some places on the coast of Peru, for the security and enlargement of the trade in the South Seas. Instead of one annual ship trading to those ports, and allowing the king of Spain twenty-five per cent out of the profits, the company might build and charter as many ships as they pleased, and pay no per centage whatever to any foreign potentate."

While they were at war with Spain. Yeah right.  Here's the thing that's kept my interest though.  The dot-com bubble was full of absolute bullshit, but out of it came Amazon, Ebay, etc etc.  I think Doge is going to be the one to weather the oncoming storm, because it's got a history of being well, something to be tossed around, USED! 

"Some of these schemes were plausible enough, and, had they been undertaken at a time when the public mind was unexcited, might have been pursued with advantage to all concerned. But they were established merely with the view of raising the shares in the market. The projectors took the first opportunity of a rise to sell out, and next morning the scheme was at an end."

And everybody knows it too...

"Persons of distinction, of both sexes, were deeply engaged in all these bubbles; those of the male sex going to taverns and coffee-houses to meet their brokers, and the ladies resorting for the same purpose to the shops of milliners and haberdashers. But it did not follow that all these people believed in the feasibility of the schemes to which they subscribed; it was enough for their purpose that their shares would, by stock-jobbing arts, be soon raised to a premium, when they got rid of them with all expedition to the really credulous."

You want credulous?  I'll give you credulous!

"But the most absurd and preposterous of all, and which shewed, more completely than any other, the utter madness of the people, was one started by an unknown adventurer, entitled “A company for carrying on an undertaking of great advantage, but nobody to know what it is.” Were not the fact stated by scores of credible witnesses, it would be impossible to believe that any person could have been duped by such a project. The man of genius who essayed this bold and successful inroad upon public credulity, merely stated in his prospectus that the required capital was half a million, in five thousand shares of 100l. each, deposit 2l. per share. Each subscriber, paying his deposit, would be entitled to 100l. per annum per share. How this immense profit was to be obtained, he did not condescend to inform them at that time, but promised that in a month full particulars should be duly announced, and a call made for the remaining 98l. of the subscription. Next morning, at nine o’clock, this great man opened an office in Cornhill. Crowds of people beset his door, and when he shut up at three o’clock, he found that no less than one thousand shares had been subscribed for, and the deposits paid. He was thus, in five hours, the winner of 2000l. He was philosopher enough to be contented with his venture, and set off the same evening for the Continent. He was never heard of again."

Ho
Lee
Fuck

And speaking of fuck, why do you even bother trading insults with these knobs?  They're really terrible at it, on the level with "Your nose sir, it is rather large."  Anyways, back to work.  I'm really looking forwards to posting pictures of this, haven't named it yet.  Last fall I score two Thermaltake 2.0's with 2x1 rads for $22 each, because they had the wrong firmware installed.  One is on the CPU, I've mounted the second on the HD-7950, mounted a single Coolermaster on one 6950 and am about to mount another one on the second 6950.  That's a 3x2 block of rads, about the surface area of your average Cadillac.  Should make it into a Kustom Kulture kinda thing, Big-Daddy Roth and Rat-Fink theme.  Runs everything full-tilt under 70C in hot weather!


legendary
Activity: 1708
Merit: 1000
Solarcoin.org
Chang loves uro, what a scumbag  https://bitcointalksearch.org/topic/--740568

Incorrect, I despise scams, scam pushers and men little bent kids who steal girls profile images, to either sexually seduce other men or beg for for small change like you! Kayden Grin  Shocked  Cool

I despise morons, but you're still around.
hero member
Activity: 714
Merit: 502
Chang loves uro, what a scumbag  https://bitcointalksearch.org/topic/--740568

Incorrect, I despise scams, scam pushers and men little bent kids who steal girls profile images, to either sexually seduce other men or beg for for small change like you! Kayden Grin  Shocked  Cool
newbie
Activity: 2
Merit: 0
hero member
Activity: 714
Merit: 502
Intro

I did not start my due diligence on this scam as a diligent investor, but because the underlying idea is so laughable I felt sorry for gullible investors and realized, the positive market reaction this scam was receiving could have a serious financial impact.

When I first became aware of this two weeks ago, I only imagined it would take a day to convince people that this was indeed a scam, as it was painstakingly obvious a) you can’t back a cryptocurrency with an asset as described and b) The notion 4 large business not involved in producing Urea have agreed to buy minimum of $3.5m lots of Urea for their customers, on an ongoing basis, in exchange for worthless experimental digital tokens is insane!

At the time of writing GES claims to have agreed exchange of $50million worth of Urea throughout the course of the coming year in exchange for Urocoins!

The market participants have shown mind blowing levels of denial, inept; investment skills and understanding of basic market and business principles.The level of denial has only made me more interested, several members here including myself have presented them with a flurry of basic due diligence that undermines this scheme, yet has been brushed off as fud!

As I described in a twitter post it’s like watching an entire forum of people simultaneously fall for a Nigerian 419 scam. I’m now under the impression that market participants would still be in denial given a signed confession so take this post as a bullish indicator!

I’ve been patronized, accused of being a troll and paid fudster, yet have nothing to gain from this except the increased likely-hood of being stabbed by Australian Criminals.

I think it’s ethically wrong to turn a blind eye to scams, picking on the mentally incapable and vulnerable people around us. How would you like it if it was your idiot friend, sibling or child being conned?

And I would like to thank you with highest regards and a deep bow for your efforts.  This whole "thing" I shall call it, reminds me of an article I read a while back about why the Nigerian 419 scams are so laughably transparent... it's because they don't want to waste their time convincing the moderately credulous and focus their efforts on the truly credulous.  This explains the "mind blowing levels of denial, inept; investment skills and understanding of basic market and business principles".  It is fascinating from the sociological perspective, as is the whole cryptoscene in general.  I guess I can sum it up in one big fact... In the eight months I've spent in this scene I've quoted and referenced it many times, and have only met one person who had ever even heard of the book "Extraordinary Popular Delusions and the Madness of Crowds".  That may seem fairly minor and trivial to most but to me it indicates a complete lack of knowledge of history and understanding of human behavior.  You are to be applauded for your efforts and I hope this whole "thing" hasn't lead to premature hair-loss.  Tilt away Don Quixote, it's the right thing to do.


Thanks, you don't know how nice it is to get a reply regarding this matter from someone sensible! actually that's the 2nd time someones recommended that book to me this month, given how fascinated I've been with uro, I'm adding it to my reading list now!
sr. member
Activity: 364
Merit: 250
I know must of these coins are developed with only one thing to make money for themselves,  Bitcoin has the trust of the people since there is no way to identify the developer, and it was given to the people, is why it was also so successful
legendary
Activity: 952
Merit: 1002
Intro

I did not start my due diligence on this scam as a diligent investor, but because the underlying idea is so laughable I felt sorry for gullible investors and realized, the positive market reaction this scam was receiving could have a serious financial impact.

When I first became aware of this two weeks ago, I only imagined it would take a day to convince people that this was indeed a scam, as it was painstakingly obvious a) you can’t back a cryptocurrency with an asset as described and b) The notion 4 large business not involved in producing Urea have agreed to buy minimum of $3.5m lots of Urea for their customers, on an ongoing basis, in exchange for worthless experimental digital tokens is insane!

At the time of writing GES claims to have agreed exchange of $50million worth of Urea throughout the course of the coming year in exchange for Urocoins!

The market participants have shown mind blowing levels of denial, inept; investment skills and understanding of basic market and business principles.The level of denial has only made me more interested, several members here including myself have presented them with a flurry of basic due diligence that undermines this scheme, yet has been brushed off as fud!

As I described in a twitter post it’s like watching an entire forum of people simultaneously fall for a Nigerian 419 scam. I’m now under the impression that market participants would still be in denial given a signed confession so take this post as a bullish indicator!

I’ve been patronized, accused of being a troll and paid fudster, yet have nothing to gain from this except the increased likely-hood of being stabbed by Australian Criminals.

I think it’s ethically wrong to turn a blind eye to scams, picking on the mentally incapable and vulnerable people around us. How would you like it if it was your idiot friend, sibling or child being conned?

And I would like to thank you with highest regards and a deep bow for your efforts.  This whole "thing" I shall call it, reminds me of an article I read a while back about why the Nigerian 419 scams are so laughably transparent... it's because they don't want to waste their time convincing the moderately credulous and focus their efforts on the truly credulous.  This explains the "mind blowing levels of denial, inept; investment skills and understanding of basic market and business principles".  It is fascinating from the sociological perspective, as is the whole cryptoscene in general.  I guess I can sum it up in one big fact... In the eight months I've spent in this scene I've quoted and referenced it many times, and have only met one person who had ever even heard of the book "Extraordinary Popular Delusions and the Madness of Crowds".  That may seem fairly minor and trivial to most but to me it indicates a complete lack of knowledge of history and understanding of human behavior.  You are to be applauded for your efforts and I hope this whole "thing" hasn't lead to premature hair-loss.  Tilt away Don Quixote, it's the right thing to do.
hero member
Activity: 714
Merit: 502
So what's the scam? I get that it's false advertising when they said they could tie the price of their coin to a commodity, but did they actually rob anyone?

Hopefully not very successfully but, around 300,000 Uro were mined before the hit an exchange. If you're trying to sell worthless tokens, whether it's digital currency or torn up scraps of paper for a high price because of a false promise backing is giving it value that is a scam!!
Honestly, that isn't much of a scam. Maybe on wall street that would be considered a scam, but in the crypto world it really isn't.

haha I don't really follow crypto but as I understand it most coins are just complete nonsense, but I don't understand how they can be scams?
hero member
Activity: 714
Merit: 502
So what's the scam? I get that it's false advertising when they said they could tie the price of their coin to a commodity, but did they actually rob anyone?

Hopefully not very successfully but, around 300,000 Uro were mined before the hit an exchange. If you're trying to sell worthless tokens, whether it's digital currency or torn up scraps of paper for a high price because of a false promise backing is giving it value that is a scam!!
sr. member
Activity: 392
Merit: 250
And I have made no false statements.

No one who has asked questions about the coin have made false statements, yet we were called FUDS!
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