SCAM ALERT: "Mastercoin" Official Launch (Exodus address) (read first) - page 2.

spiral_mind

full member

Activity: 146

Merit: 100

Quote from: cbeast on August 01, 2013, 02:28:01 AM

Quote from: spiral_mind on August 01, 2013, 02:21:38 AM

Quote

After all the scams in Bitcoinland, I understand the paranoia. You'll need more evidence this is a scam rather than a risky investment in not another currency, but a new type of client. Look at ASICs, Trezor, and Bitcoin Magazine to name a few that had donated seed money. We'll see how the devs approach this. I suspect details will be addressed soon enough.

You can't just ask people to have faith in you. You have to provide them some reason to trust you. So far you've provided none and asked for cash upfront in exchange for NOTHING. SCAM

Whom are you addressing? The person in question is not entertaining this thread. I am only here because I will not add to the noise in his thread. If your only complaint is that you have evidence it is a scam, then you should be appealing to the moderators or police authorities.

Dacoinminister you used the phrase "noise in the thread" to defend your deletion of my critical posts in the original thread. Your phrasing reveals more than you think. As far as evidence goes, when you propose that people should send you their money before you've made anything the burden of proof is upon you alone. Explain how this project ISN'T a scam please.

cbeast

donator

Activity: 1736

Merit: 1010

Let's talk governance, lipstick, and pigs.

Quote from: spiral_mind on August 01, 2013, 02:21:38 AM

Quote

After all the scams in Bitcoinland, I understand the paranoia. You'll need more evidence this is a scam rather than a risky investment in not another currency, but a new type of client. Look at ASICs, Trezor, and Bitcoin Magazine to name a few that had donated seed money. We'll see how the devs approach this. I suspect details will be addressed soon enough.

You can't just ask people to have faith in you. You have to provide them some reason to trust you. So far you've provided none and asked for cash upfront in exchange for NOTHING. SCAM

Whom are you addressing? The person in question is not entertaining this thread. I am only here because I will not add to the noise in his thread. If your only complaint is that you have evidence it is a scam, then you should be appealing to the moderators or police authorities.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: spiral_mind on August 01, 2013, 02:21:38 AM

Quote

After all the scams in Bitcoinland, I understand the paranoia. You'll need more evidence this is a scam rather than a risky investment in not another currency, but a new type of client. Look at ASICs, Trezor, and Bitcoin Magazine to name a few that had donated seed money. We'll see how the devs approach this. I suspect details will be addressed soon enough.

You can't just ask people to have faith in you. You have to provide them some reason to trust you. So far you've provided none and asked for cash upfront in exchange for NOTHING. SCAM

what you gana do? save the sockpuppets from scamming themselves Cheesy

spiral_mind

full member

Activity: 146

Merit: 100

Quote

After all the scams in Bitcoinland, I understand the paranoia. You'll need more evidence this is a scam rather than a risky investment in not another currency, but a new type of client. Look at ASICs, Trezor, and Bitcoin Magazine to name a few that had donated seed money. We'll see how the devs approach this. I suspect details will be addressed soon enough.

You can't just ask people to have faith in you. You have to provide them some reason to trust you. So far you've provided none and asked for cash upfront in exchange for NOTHING. SCAM

cbeast

donator

Activity: 1736

Merit: 1010

Let's talk governance, lipstick, and pigs.

Quote from: spiral_mind on August 01, 2013, 01:55:14 AM

Quote from: cbeast on August 01, 2013, 01:38:11 AM

Quote from: spiral_mind on August 01, 2013, 01:27:26 AM

Quote from: cbeast on August 01, 2013, 01:07:59 AM

Quote from: spiral_mind on August 01, 2013, 12:40:52 AM

Quote from: cbeast on August 01, 2013, 12:34:51 AM

Spiral, you made no points to debate that have not been addressed. Moderating to reduce noise is fine. Your thread will be entertained by concerned folks *if* there are valid discussion points. It's a little early to accuse this of being a scam. I would suggest changing your alert to something less dramatic unless of course you are a sock puppet yourself.

Do you even know what a sock puppet is? It means you've got multiple accounts posting as if they were different people. They're used to create a fake appearance of support or obscure a discussion.

You've dismissed the concern about money being sent to an address the creator controls before he has developed anything again. What do you think about that? Let me guess its a "risky investment".

No. It's not an investment. It's sending this guy money for promises and nothing even as good as kickstarter or the credit card companies to help you out.

I agree with you that caution is warranted with sending money. I don't even recommend buying Bitcoin with money you can't afford to lose. Do you have any reason to believe that his 'fake address' scheme of tracking transactions won't work?

Good job glossing over the fact that he is currently accepting money into an account without releasing any source code. You have no way to take possession of your "mastercoins" even if he says you have them.

This isn't like investing in an alt-coin. It's not risky because it's an online transaction. It's not about whether or not you can "afford to lose the money" (you keep saying that a lot). It's risky because you're sending money directly to a pseudonymous user for nothing but a promise of more money in the future. Aka Nigerian prince scam.

The fake address scheme is irrelevant until you explain what is stopping the owner of the "Exodus address" from simply keeping the Bitcoins and walking away.

So you are claiming that he is not the panelist at the San Jose convention sitting next to Jeff Garzik. Fair enough. Let's investigate this.

If he really is that guy it's still a scammy proposal. He gives no guarantees or goals for his project, releases no source, yet expects cash now. I just don't think someone would be stupid enough to post their real identity when running a scam like this. You never know though, he might think he's smarter than everyone else, criminals often do. In the other thread you posted "if he can convince people to send him the coins he deserves them". Total sociopathic thinking there.

After all the scams in Bitcoinland, I understand the paranoia. You'll need more evidence this is a scam rather than a risky investment in not another currency, but a new type of client. Look at ASICs, Trezor, and Bitcoin Magazine to name a few that had donated seed money. We'll see how the devs approach this. I suspect details will be addressed soon enough.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: spiral_mind on August 01, 2013, 02:08:06 AM

Quote from: adamstgBit on August 01, 2013, 02:06:43 AM

Quote from: spiral_mind on August 01, 2013, 01:55:14 AM

Quote from: cbeast on August 01, 2013, 01:38:11 AM

Quote from: spiral_mind on August 01, 2013, 01:27:26 AM

Quote from: cbeast on August 01, 2013, 01:07:59 AM

Quote from: spiral_mind on August 01, 2013, 12:40:52 AM

Quote from: cbeast on August 01, 2013, 12:34:51 AM

Spiral, you made no points to debate that have not been addressed. Moderating to reduce noise is fine. Your thread will be entertained by concerned folks *if* there are valid discussion points. It's a little early to accuse this of being a scam. I would suggest changing your alert to something less dramatic unless of course you are a sock puppet yourself.

Do you even know what a sock puppet is? It means you've got multiple accounts posting as if they were different people. They're used to create a fake appearance of support or obscure a discussion.

You've dismissed the concern about money being sent to an address the creator controls before he has developed anything again. What do you think about that? Let me guess its a "risky investment".

No. It's not an investment. It's sending this guy money for promises and nothing even as good as kickstarter or the credit card companies to help you out.

I agree with you that caution is warranted with sending money. I don't even recommend buying Bitcoin with money you can't afford to lose. Do you have any reason to believe that his 'fake address' scheme of tracking transactions won't work?

Good job glossing over the fact that he is currently accepting money into an account without releasing any source code. You have no way to take possession of your "mastercoins" even if he says you have them.

This isn't like investing in an alt-coin. It's not risky because it's an online transaction. It's not about whether or not you can "afford to lose the money" (you keep saying that a lot). It's risky because you're sending money directly to a pseudonymous user for nothing but a promise of more money in the future. Aka Nigerian prince scam.

The fake address scheme is irrelevant until you explain what is stopping the owner of the "Exodus address" from simply keeping the Bitcoins and walking away.

So you are claiming that he is not the panelist at the San Jose convention sitting next to Jeff Garzik. Fair enough. Let's investigate this.

If he really is that guy it's still a scammy proposal. He gives no guarantees or goals for his project, releases no source, yet expects cash now. I just don't think someone would be stupid enough to post their real identity when running a scam like this. You never know though, he might think he's smarter than everyone else, criminals often do. In the other thread you posted "if he can convince people to send him the coins he deserves them". Total sociopathic thinking there.

that was me...

and i meant:
we know the risks of sending money to random avatars on the internet. its our risk to take.

Yes I'm talking to you dacoinminister, Sock Puppeteer General, Sir!

You keep acting like this is the same as buying anything for Bitcoin when in fact this is very much different. You ask for money now and offer nothing but cheap words and a pseudonym in return.

its working isn't

people are sending me coins!

and it only took like 45 mins to write the white paper and create all the puppets

muahaha
muahahahahahahaha