Topic: [SCAM] BLOCKNET: The Metcalf/Prom Alt-Coin Cartel Scam Exposed - page 15. (Read 100128 times)

Exactly. I asked him to boil it down a bit and he threw a fit. I was just trying to help but now I am in solid "fuck it" mode.

Good one.

Pretty elaborate fud campaign guys.  You started dumping your XC and then pried out all this pre mine dumping crap and smear campaigns.  Made it easier to buy up the cheap xc huh keep the thread booming until you have accumulated enough.

I forgot to mention according to Dan he has been coding since 1980.
Another statement he made was that he has been coding for 35 years.

From what I can find Dan is 39yo-40yo, so you can do the math.

+1

TL;DR For all those on the edge of the fence or just opening your eyes or don't know what to believe, I am not here to tell you to buy or sell, but I will tell you that the equivalent of a nuclear meltdown is occurring right now. Choose your own outcome and destiny, but never act as if the writing was not on the wall or that more than enough warning was given by others who put their neck out for you.

"...I’m never gonna be a pawn in their manipulation games
I’m taking the reigns, breaking the chains, I’m never gonna kneel, no way...

...They’re manipulating we. With so much uncertainty and so many mysteries,
Why are so few questioning the unnatural state of things.
It’s a nightmare, we’re living in a nightmare, everyone’s living so scared
They’re virtually unaware of this fear that rules their lives, occupies, consumes their minds
This fear of bankruptcy, financial impotency. It’s money, money , money.
It’s all this digital currency. It’s all this monopoly money that keeps us from ever being free.
And so it seems we’ll be in this prison for life
Cause If we keep buying then they’ll keep selling the lies
And so it’s up to I & I
I won’t be manipulated, mind-controlled and inundated,
I will seek the revelation, make my life a celebration.
I’m gonna be the change I’m seeking, manifest the words I’m speaking
I refuse to be imprisoned I will make my own decisions...

...I’m leaving the past and forwarding fast cause freedom is here to stay.
We got to take back the knowledge, take back the power
Take back what they have stolen from our hearts
Take back the esoteric knowledge, for too long they’ve been keeping us apart.
We got to take back the knowledge, take back the power,
Humanity don’t let this be our final hour."

Love, Mike. "Permanent Holiday." The Change I’m Seeking. Self, 2012/12/21.

https://www.youtube.com/watch?v=fU7hZ3smj0g&list=PLV9t31dUsys0DGQcL3qcc7RWIF6_ierF8


I come to you all, with a clear conscious regarding the duty that I perceive is required. It has gone on long enough and with no sight of a possible solution offered by the powers that be to save face and take the higher road by doing what is right. I dropped many hints publicly thinking that others would look just a little deeper. I also would have thought that out of all of the supporters of xc and blocknet that these issues would have already been brought up months ago, but I was wrong. I found myself more and more playing devils advocate and trying to be empathetic to all sides or scenarios. It always made me think of Jules' dilema in the last scene of Pulp Fiction. https://www.youtube.com/watch?v=vMN5uQhF-Ro
I would think about Dan's predicament from the angle as if I was Dan and if he was a genuine human being that had fallen on hard times, was scared and did not know what to do. I keep seeing the line "have to feed my family". Like a hunter before he kills a deer and the deer makes eye contact with them. It can be sad, but it may be vitally important. But the more I go back and forth I am now certain that Dan Metcalf is not like the hunter or the deer. He is like a rabid dog that has decided to take up shop in the central plaza or the tiger that surprises the bird hunter or fisherman. That dog/tiger is willing to eliminate you and I. And, likewise, I clearly understand it must be put down.

Reading over the irc interview log further confirmed my opinion that he can not code a wallet much less anything more than a printer loop. He says something to the effect of he has been coding since before the individual who asked the question was even a thought in their mom's head. The sheer audacity is mind boggling. Completely dodging any coding questions. If he answered just a couple of C++ questions that would have shut a lot of people up, but he chose not to do that. I left some screenshots showing where he found the main coder now for xc at elance.com. And that also shows in the last 5-6 months 2 other coding companies being paid, one of which has been paid over $22k in that time. They charge around $25/hr so that would equal the claims of ~1000 hours being put on these projects by Dan Metcalf. There is more work that could be done there in order to fully prove my suspicions, but I am already convinced.


According to him we are just trolls. The rodeo comment I'll leave alone.
In these posts he also proves that he is personally in control of all btc and block. I love how the block has supposedly not moved off of the exchanges but the btc was moved from poloniex citing security reasons. I and others believe this btc was moved to other exchanges in order to buy more block or set walls now on bittrex to prevent sell off.
The amount of block moved from poloniex to coingateway for the second sell off up to 30% altcoin total would still leave block at all exchanges the exchanges because I believe that the second coingateway sell only managed selling around 25% of what they sent over. Once the block addresses are released then maybe we can see if those statements were true.


He leaves out Fibre and CashX. Mistake or intentional?
More alarming to me though is that the information provided by Metcalf in the last 2 quotes was requested multiple times in the blocknet thread for about 24 hrs. My posts in this regard were deleted by synechist (PR). Once I was banned, blocknet lovers began asking the same thing while synechist was online and responding to multiple other (less important) posts and in no particular order. These requests were being skipped over. Why? I don't know. It was not like having public and transparent wallets was an unknown when the project began. It can only be a few things though. Maybe synechist did not know, maybe he asked Dan to provide the info and Dan put him off or synechist chose to keep people in the dark? Whichever it is does not bode well. I do know that Metcalf (atcsecure) did not answer the questions the night before and he did not during the day. It was pretty much radio silence for the whole day honestly especially regarding any actual questions being asked. Metcalf did begin answering posts this evening US Eastern time about when maybe synechist would be signing off for the night so it makes me wonder if synechist was disturbed by Dan not giving him the wallet addresses to post and he told Dan to f off? If Dan willingly held off telling synechist the addresses and that does not throw up red flags for synechist personally or if he chose to not tell people then I will look at him as being complicit.

In any event it looks like Dan Metcalf is in control of all of the funds whether they be btc, block, and all the alts generated from coingateway.
Is this the same for any xc dev funds? or wasn't that already spent behind closed doors?

I fully mirror the thoughts that are mentioned above in the posts of this thread (cult like, where are the funds?, why is there no transparency)

We have already seen the resignation of 2 members. Will we begin seeing moolah type resignation letters trying to distance themselves from culpability?

I would have posted this much earlier but I went down the rabbit hole again and it was even worse than my first glance revealed.

Over the line...Mark it zero... - Walter Sobchak

You wrote an entire ESSAY based on this:


Blaming/attacking me for shit I don't even understand. Personal issues?
Never go full retard.

Wont waste any time to reply to your 2nd ESSAY.


Go ahead I'm not a shill in this forum, unlike others
I'm here to invest money in coins and get a good ROI. Not to waste my time by looking into people's posting history, lmao.

why were all the funds taken on the ito through alts and btc not held in transparent wallets or escrows?

where are all the alts being held?

I still hold my xc and block, however if this turns out to be a scam i really hope this time something will be done about these guys.  Too many people just scamming here and laughing about it. There needs to be something done about this.

I'm curious where did all the alt coins go that were used to buy the block? Are they being dumped for btc then that btc used to buy more block? Since its now 30% of block could be bought with alts vs the announced 20%

Just taken a look at the BlockNet thread, saw leewilsons banning (and a few others ) in the course of only about 5 pages.

BlockNet is starting to look like some kind of cult, tbh. All forms of dissent, even polite, sane questioning from guys like lee, are not tolerated in their threads.
There also seems to be a movement starting to get all 'true believers' to force the BlockNet team to carry on with the project even if the 850 BTC target is not reached, by refusing any refunds.  It's like turkeys voting for Christmas...........and no-one has a clue about where all the cash is, even though they talk about almost nothing else.

Looking on the bright side: seeing this lunacy has made me very happy about the choices that I've made so far in crypto.

Before I forget: Spoetnik, have a kitten, mate.....


Posted for future reference:
http://www.cryptoarticles.com/crypto-news/how-the-blocknet-ensures-its-funds-cannot-be-misspent

Feds Begin Their Crackdown on Bitcoin Stocks
...also ICO/IPO/ITO
http://www.wired.com/2014/11/crypto-ipos/

PM sent to that user, cryptico:

That kind of question is liable to get you called a fudder, troll and your posts deleted and banned.

I hope you get an answer. For you to even have to bump it says a lot.
Those addresses should have been in the OP for over a week now.
It is not like this is new info that just popped up.
Your current question is very valid and has been since day one.

Because it was not provided in the beginning and also requires a bump so they can get their story straight and some vague answer that makes no sense is being crafted are the exact reason I have major drawbacks.

I requested those addresses along with the btc addresses and those posts were deleted and none of the community stood up to ask or back those questions up. Good Luck

This is posted by someone that was rallying to get me banned from their thread.
Are his eyes opening?
Will they provide the requested information anytime soon?
Or are they busy consolidating and creating the response now?

Mind you, they still do not even have accurate numbers of any kind from any of the sources of purchase (bter, poloniex, bittrex, coingateway)
Even though poloniex released their numbers blocknet has yet to quote or reference those numbers ever.

Nothing shady at all. Everything on the up and up. 

They are pleading with bittrex to shut down the buy back.

I received this pseudo response in the blocknet thread to some of my questions and in classic blocknet fashion it has left more questions than answers.
It clearly states that "they/we", presumably Dan Metcalf personally, was in charge of and holding all the BLOCK and BTC except for on bittrex since the beginning.
To date that is around 750btc I believe. Being held and managed by Dan Metcalf.
Their terms clearly state this was to be in escrow of some kind, but are now saying that was not the case earlier, but they still have neither created escrow wallets of any kind nor created the board that was to control it. The board was said to be established before the end of the ITO. Well it ended about 12hrs ago and still nothing.

"some were withdrawn to improve their security." hmmm then why not into a fresh wallet instead of a personal wallet of Dan Metcalf? And I guess all the transactions of the btc out of those wallets was to improve security as well? Sure thing.

Their rules are going to continue to twist and turn and the answers to the real questions are going to continue to be non existent, vague or revealing of even more problems.

I don't how exactly I was spreading lies by asking questions that they are unwilling to answer.