Bryce Weiner's reputation as a crypto scammer
dates all the way back to 2014. He's famous for running pump n dump schemes, moving from one coin to the next like they were short-lived pets. Here's a summary of what happened with one of his more famous involvements:
First “Razortech” (an anonymous developer out of nowhere nobody knows about) created a coin called Razor (RZR), which was a complete copy of a scamcoin called Neutrino (a 100% premined scam
https://bitcointalksearch.org/topic/ntr-neutrinocoin-shady-coin-657607). Razortech just copied the idea (using Tor) and code of Neutrino, and made it without premine so that they could advertise the “No premine” shit to make the coin seem legit.
The coin tried to capitalise on the anonymity trend in shitcoins going on at the time (DRK, CRYPT, CLOAK and similar shitcoins), they knew the hype was gonna come. The coin had no premine, but the mining schedule was made so that there would be huge inflation (new coins mined) during the first weeks so that miners would profit big from noobs who would get exited about a new anon Tor coin (and bring the price to an unsustainable level right away).
Bryce Weiner (who worked at BlockTech at the time) saw the opportunity to get involved and hype a coin that would be highly profitable for miners (that's what he does, he creates new coins, he mines and dumps them “I make money out of thin air”
http://pastebin.com/VGyVPHN4) so he started “working” and “developing” RZR along with RazorTech.
...
The coin started going apeshit on Twitter and Weiner was hyping it with all his strength. The inflation was ridiculous (250-300 BTCs a day) and some were getting concerned and warned people (
https://twitter.com/CryptoCobain/status/479939530733412352), but Weiner continued hyping (price was around 200k-300k satoshis at the time).
After a few days from RZR Bittrex listing, price crashed and pretty much continued crashing with some dead cat bounces here and there to eventually reach 5k satoshis (today's price).
Price continued bleeding with no real developments, no features, no new tech, no nothing.
Razortech and Weiner don't care, because their “MineHypeDump” mission was complete.
Now Razortech has gone missing, Devon Read (Blocktech CEO) said “we don't have plans to use Razor in anything”, and seems like Weiner will not develop the coin any further from here (
https://twitter.com/BryceWeiner/status/529381868677128192).
Bryce Weiner is fired (“he quit for ethical reasons”, yeah right LMAO) from Blocktech and he's probably gonna try to continue create new shitcoins while keeping the whole “MineHypeDump” scheme intact.
RZR was a con. A clusterfuck. A highly profitable (for early miners only though, dumping on noobs) cheap copy of a scamcoin that had 0 real developments since its launch.
Bryce Weiner is an incompetent developer who gets people screwed at best, an outright conman and scammer at worst.
Simply stay away from anything he touches as a developer.
He has washed, rinsed, repeated this cycle for years, always creating just enough room for him to escape responsibility for what happens with his projects.
His latest project, Tao (
XTO), started off decently (other than the fact that it was associated with him), and actually had a significant run-up in 2017. By Dec 2018, it was delisted from CoinMarketCap, and today is only available for trading on one or two very small-time exchanges (averaging $100-$300 a day in trading volume).
With Tao being all-but-dead, he has decided to re-launch the coin as "Tao 2," under the premise that it would be an "
Ethereum for the music economy."
The Tao 2 launch was first mentioned in the long-running Tao ANN thread on
March 26th:
Hey ACG. Is this project still alive?...
Hey Syn, yes it still is. The Ethereum-based relaunch is in a test stage (all the code has been written) and last time Bryce posted a specific update was nine days ago:
Based on comments he's made on Twitter more recently, it sounds like we'll see the Tao 2.0 relaunch by April sometime around the time the stimulus checks start hitting bank accounts.
The GitHub link for the project was posted in the Tao ANN thread by the project's main supporter on
April 6th.
It was quickly brought to light that instead of forking Ethereum, Weiner created a clone of
TomoChain, naming it
Tao 2, carefully scrubbing any reference to "TomoChain" and replacing it with "Tao". Someone who took the time to compare the repositories offered the following summary of the differences:
You may want to doublecheck the "work" that Bryce does on the tao2 repo btw - as far as I can tell it's all changing constants back and forth that don't actually matter, and fixing (or "fixing" - removing the unit test) the odd bug introduced by the search-and-replace on tomochain -> tao.
In addition, the
README file for Tao 2 (
archived) is basically just a copy/paste of the
README file for TomoChain. Here is a sample comparison of the two:
Just to make sure this was a direct, unattributed clone (basically plagiarized) version of TomoChain, I asked somebody in the TomoChain thread for their opinion, and this was the response I received:
Something seems fishy here. He cloned the repo and took care to delete every mention of the name "TomoChain" in the code and also in the general description.
You would not do that if you were just playing around with the code out of interest.
But he did not change the rest of the description or stated that his project is a clone of TomoChain.
To me that looks like he does not want people to know that it's a clone.
He named it by his old project tao which seems to be around since 2016 but has been kicked of most exchanges and is trading near zero volume today.
Maybe he will relaunch the project on the cloned chain to generate hype. He could "premine" the majority of coins and make even more since he would have the highest staking weight by far. If he generates enough hype and trading volume he can dump his coins and make a goof profit. I know I am assuming a lot but I have seen this happen over and over again.
Basically, Weiner is gearing up for a new fleecing of investors by copy/pasting a project and claiming it as his own, as he did back in his RazorCoin days. Given Weiner's penchant for rolling out scam after scam on this forum, I think its high time
his account was tagged for being a scammer, as well as that of his most vocal (and apparently only)
supporter.
The flag for the Tao ANN creator is
here.