Topic: THE WALL OF SHAME - page 2. (Read 26507 times)

It does make sense, what do you think of Tilecoin, ASIC-8Tile is working hard on it.

wow self delusion is a such great thing 

Price is now, more or less, around the ICO's. Do not be fooled into believing the the selling will stop, because it will not. It is being relentless although contained, but make no mistake about it: These scammers want your money. They have hundreds of millions of coins to unload, hundreds of millions. And the paid NOTHING for them, understand. It's all profit, no matter if they sell at 250 sat, at 200, at 150 or even at 25 sat. All if profit. And you, the ICO buyers, and those buying from them still, will be holding the bag. As stated above, the scam success depends on you -or enough people- believing they actually sold 1 billion coins for 3,000 BTC. They did not. Not even close. They sold them to themselves, which means they did not sell at all. Not more than a few hundred BTC, at the most. The rest is right hand paying left hand and everything to the same pocket.

There's no connection with Alibaba either, that was just taking advantage of the brouahaha made by the successful IPO of Alibaba in the American stock market. There's absolutely nothing behind this project, nothing whatsoever. Just an elaborate and yet quite transparent scam. I will not worn anyone anymore. You have been told. Just stay away and let the scam manifest itself. You don't need to be hurt by this one.

it's easy to steal online and get away

Thanks for documenting and archiving the events of the BitBay money gathering jamboree. As we discussed in other threads and you pointed out here as well, there is no way an ICO could collect 3000 BTC in five days in this over-scammed and depressed market. The volume, the lack of transparency, the army of newbie nicks whom job is to repeat the message over and over how rich everybody will be be very soon and all other circumstantial evidence indicate that it is a scam.

Zimbeck is a very talented young man and it is sad to see that he ended up in assisting a shameful money collecting operation.

First of all thank you but you are giving me way too much influence, which could be flattering if true but being that it is not, it just an exercise in futility, meaningless. I don't influence the trading prices in ANY manner. The coin is trading now near the highs, it's been so, once again, proof that this thread has practically no influence at all.

Second, you may not know me, although when you judge someone you should first do some research. When I post, if I own the coin (which is never), I state I own and since when. It's called FULL DISCLOSURE. If I post anything negative, obviously I am not planning on owning the shit any time; if I post something positive, on the other hand, I have done research on that and usually I have intention to make, some time in the future, a modest investment in it. And, to further clarify, I do not INVEST in alt coins, I do swing trade, not invest.

Third, if you read the OP, you'll quickly find that the reason for the WALL OF SHAME is to respond to the absolute impunity existing in alts and translating into massive amounts of scams. There's no "burden of proof". And the reason there isn't is because the scammers/developers don't need to comply with ANY rules at all to bring forth their scams. They can lie, they can mislead, the can cheat... and the do. Blatantly. With total impunity. This WALL came out as an attempt to rein on that "wild west" mentality. The rules of the game now are leveled, equal to both parts. Fair enough?

I did not just give my opinion on BAY, I gave quite a few known facts and a few obvious red flags that support, based on experience, my overall opinion that this is a scam and that, consequently, should be avoided. You think differently, be my guest and buy it by the boatloads... at least you will not be able to claim you were misled when the bubble burst in your face. And burst it will. And you know the nice thing about the whole thing? we will not have to wait too long -just a few months max- to know who was right and who was wrong.

You mention a point which could be quite valid, the fact that the manager of the project or visible head is a well known name in alts... That, since the only real value of ALL alts is the reputation of its devs, was a very strong consideration... but, ultimately, one has to do what every investigator ALWAYS does when investigation murders or other crimes: Follow the money. By his own admission, Zimbeck is -or was- is dire debt. To a point that it was drowning him and even affecting his work (his own admission). And that changes the game completely for anyone in need if, obviously, vulnerable to dubious offers which under different circumstances that same person wouldn't ever hear. So your "point" is thus explained away.

But I also pointed out to a FACT that is just an obvious fantasy: The collection of 3,000BTC in the ICO. Over 1.1 million dollars. For nothing, nothing at all. Something that will be implemented, when and if, earlier in another coin and the name of a dev drowning in dev. Do the math. And I mentioned thre different examples, one of them, BRO, supported by the single most promising background project ever attempted in crypto (an online casino) and the support not of a well known dev, but a dozen or more of the most famous and richest poker players in the world. After one month and one day of ICO, a total of less than 300BTC were collected... 1,000BTC, not in your dreams: Typical case of right hand pays the left hand. Vaporware. And major -albeit slow- dumping ALREADY in progress. It is called "circumstantial evidence".

Not trying to convince you, though. Please go ahead and make millions with the scam. I'll post just how wrong I was when you are driving your lambo and own half of the Mediterranean islands. I hope though that some less "expert" investors are spared of just one more, and not very elaborate scam.

The fact is you haven't provided any FACTS, just conjecture but your opinions actually crashed the price so its just as likely you are the scammer smashing coins down and then buying the dips.

I don't have a problem with people highlighting scams. I just don't think this looks like one. For one you have a known face in crypto putting their name on the coin which would be very stupid of him if this was a scam. Ahs there EVER been a bonafide scam from somone who has put their real name on a coin, I mean real scam where the guys just run off and it was all lies? Moderated thread? So what? Sockpuppets, show me a thread that doesn't have them? The truth is we know Black Halo has smart contracts and so this kind of project needs smart contracts working for it to work. Common sense would say this is not only legit but also a very exciting project that is bringing together real known tech into a killer trading project.

You got to give more than hunches otherwise you look like the scammer not them. I'm not saying your are wrong but you have given opinion forward as facts which is misleading. You basicically have given zero to prove its a scam.


As you have given your hunch I'll give mine. This in a sea of scams and shitcoins is golden and held medium to long term is gonna make a lot of people very rich. To those people you convinced its a scam you are doing them a great disservice cause you scared some away from a brilliant project that has real world utility and potential. 

That is exactly the scenario in BAY, in my opinion. Of course these things cannot be proven... especially if the guys are in the Far East and therefore away from regular law authorities. But do you need proof? Really? Why? At the expense of your hard earned money? I don't think so. BTC is a gamble enough already and at least you know you are not going to be conned (although the price will continue being manipulated in extreme) AND you have the opportunity already to insure your investment through hedging if the risk is too much for you.

But handing it over to the BAY Zimbeck and his minions? Nah, you know better.

Heh, was just thinking about this yesterday.

Say you have 10k BTC, and want to make a lot more BTC and don't want to pump a shitcoin becuase it's a little risky/not profitable enough.

So you find people to hold onto 5-10 or your BTC each out of let's say 3k BTC. Fair number, probably don't need it immediately because you've got another 7k to live off of and buy your hookers and coke.

Then you host an ICO, with explicit insctructions to these people that 95% of the 5-10 BTC you handed them be used to buy the ICO, and the other 5% goes to their pocket. I guess you could do this step yourself, but let's be honest, this shits all streamlined now.

Then, you wait for all the BTC to end up in the escrow account, and rake in all the extra profit because people that aren't involved go "OH WOW! 3k BTC in interest!" .. and shit the bed as they slam the buy button.

Then, the ICO ends, and you're left holding the bag for months at more often than not a huge loss while these fucks drag ass and get their money back to them however the escrow was set up.

Then they manage to give the impression of progress, while countless more schemes pop up. You're basically left watching these people move at about the slowest speed possible, while milking you for all you've got.

I think it's time to start demanding the cheese, rather than continue to sit here and let the milking continue..

Zimbeck is up to here in personal debts and is more than probably selling his Black Halo ideas to Pump&Dump groups (probably the Black Hand; possibly several) to get access to quick cash. Everything is vaporware there, nothing at all is new and when and if it is and works, it will be first in BlackCoin. IF, being the operative word. In any case, none of it is of any real value for regulation will be implemented in crypto long before any real decentralized market place or decentralized form of payment really takes effect. Mind you, no one has come even remotely close to DarkSend and no one uses it either.

But, above all, please pay attention to all the flashing red flags, ok?
1.- Self moderated thread. Don't believe the crap: Only reason for it is to avoid posts like this one you are reading to be posted there. Because they have a lot to hide and that is the only way they can pretend no one knows their trick.

2.- Read the thread. How come all of a sudden such an amount of "enthusiasts" of the project, post again and again, them all being either newbies or juniors? Draw your own conclusions... ok, I'll do it for you: They are sock puppets; accounts that are operated by a very small amount of people probably working for the likes of Bobsurplus Prometheous, Black Hand, others or a combination of several.

3.- They pretend to have sold a lot in the ICO... Thousands of BTC. Let me tell you this: Even if you would be selling $100 bills in crypto for 90% of its value in today's alts, you wouldn't sell "thousands of BTC". There's simply no money left in crypto. It's all gone to the P&D groups and the crooked devs. Gonzo. I don't care what you offer, you won't get an ico going over 200BTC no matter if you invent something that is better than sliced bread. There's simply no cash, period. How they do it you ask? Well, not discounting than the exchanges could do anything for money, misrepresent figures included, let's assume that BTER did not and they really "sold" thousands of BTC in BAY. If that was the case, they sold it to themselves. You know the old trick? The right hand pays the left hand and everything goes to the same pocket. Trust nothing but what you can see. And what is that? 20-30 BTC per 24-hour volume in Bittrex. You don't need to look anywhere else. That tells you that roughly 10BTC was invested and another 10BTC was divested. Or dumped. Use your brain, ok?

Yep, you are going to read a lot of answers to this post, you'll see. Pay attention and you'll see the same newbie accounst and a host of new ones, pretending its FUD. Use your brain. Or throw your money away. Your call.

What a funny thread. 

Yes. As detailed at the time -and fully available here- I happen to believe that, while inexcusably clumsy, lazy and inconsiderate, his deception of the BC donors wasn't either a scam or a theft.

I bought, very modestly, into BYC IPO because I also believed it was a great idea with plenty of potential. To this point even, I choose to believe -at the risk of being possibly wrong-, that BYC is not a scam, just a mess caused by the erratic, absurd and ultimately self damaging actions of this individual, IconicExpert, that, for some egocentric, unmanageable personal problem, in my opinion, chooses always to destroy even his most promising projects for no apparent reason other than to gain enormous amounts of totally negative publicity.

It's quite baffling to me, actually.  

EDIT TO ADD (11-16-2014):

Forced, no doubt, by Bittrex, there was a period of 48 hours in which every investors in Bytecent could sell their coins against a wall at 50k satoshis. To me that means the launch, again, is clean since everyone had the opportunity to cash out of the unexpected mess and, since, the mess seems to have stabilized and it appears that mining is what it should have been from the beginning.

The events of the past days though have offered yet another vision of a very disturbed, insecure man in IconicExpert and, consequently, I will not be supporting Bytecent even after having corrected the mess. I wish him and every remaining investor good luck though.

and yet you bought into his IPO 

I had already included IconicExpert in THE WALL OF SHAME for his very irregular -and explained in detail in this thread- involvement in the case of the BC community donations for a proposed Wall Street event that never took place.

Now, he and the coin he has developed, BYTECENT, "grace" this wall once again, not just deservedly but actually begging to be included with yet more deceiving, arbitrary activity that will be much better examined through my posts and those of others in the thread THE BYTECENT DISASTER: https://bitcointalksearch.org/topic/the-bytecent-disaster-855217

Welcome, again, to THE WALL OF SHAME, IE!

If you already know the truth, why do you keep on posting shit that you know are lies? Oh well, whatever rocks your boat...

As for IE, I have posted right here on this wall what I think of what he did -or said he was doing- with the donations from BC community for the Wall Street event. That granted his inclusion in this wall of SHAME. And as usual, I extended myself quite a bit to express why and just how wrong I know what he did or said he would do was.

Other than that, I don't have enough knowledge of him to have a deeper opinion. The little that I know though, shows me he is way more intelligent that 99% of the rest of the people in crypto, so I'll follow with some interest the developments in his coin launch... which, by the way, couldn't possible have chosen a most adverse time.

I understand IE is working on his own coin for what I read on Twitter...

Oh right, you choose to believe that I am him, in spite of the fact that I have only posted under this handle, for quite a long time now... Oh well, believe what you must, ok? Have a nice weekend.

It's impossible to keep track... simply too many.

To those that come here for guidance, I insist: If the project has a self-moderated thread non BitcoinTalk, please, please, run from it as fast as you can. The MATHEMATICAL possibilities of it being either an outright scam or a scam by way of total ineptitude by their devs are, again mathematically, like 99 to 1. Why assume the risk? There's no upside, believe me. None. If a project is legit, if a project is sound, no one will have any interest in a censored thread, especially their devs. Much like in the WALL OF SHAME, people is smart enough to distinguish from what's legit and what's just misinformation. Once again: The only reason for having a self-moderated thread is to have the ability to censor the posts that you don't like. Everyone will tell you that it is to avoid FUD and only for that reason but always, always, no exceptions, it is not the entire truth for it always ends up censoring posts whose contents the devs don't like. Especially those containing evidence of inconvenient activities. So, once again: If it is self-moderated, NO, THANKS!

And self-moderated are both HAL and XBOT, the latest -so to speak- "scams" -by way of ineptitude. Look how good has they had for being self-moderated. Devs held unaccountable for their arrogance and outright ineptitude. AND, -even bigger flag- anonymity. If the devs don't have a full name and full verifiable address, why would you want to invest in their projects? Simply DO NOT.

Mind you, having names and addresses, as well as non self-moderated thread will not insure you against scams, especially the ones due to ineptitude, such as PESA or, more recently, SEED, the fastest debacle ever in cryptoland in spite of having the promotion, sponsorship and support of the entire PinkCoin team...
which brings us to PinkCoin, which were, for a brief second, "the good guys"... Mind you that was before it was discovered that their charity attempts were just a facade for DUMPING and other shady activities such as off-market transactions with friends ("you scratch my back I'll scratch yours" is their mantra) and hush-hush selling (for the personal benefit of the devs) of tech developed for the coin. I have proven they have been dumping from the get go, back in May (go to their thread, which they will close soon enough to go the self-moderated way), to see the evidence which is all and has always been out there for everyone to see.

Once again: Stay clear of self-moderated threads that hide scam coins 99% of the time or more. Run, don't walk, from anonymous devs ALWAYS. You won't be fully protected in the hornet's nest of scammers that cryptoland is, but you will be more protected than most.

SHADOWCOIN /SHADOWCASH ARE SCAMMERS AND BANDITS . DO NOT BE FOOLED !

Shadowgang are bandits of the worst kind, the only thing that they do is to search trouble with all competing currencies ... beware !

The Shadowcoin dev (rynomster) is the head of the mafia, he uses bots to manipulate the price of other coins.

https://bitcointalksearch.org/topic/the-full-truth-behind-shadowcashcoin-trolls-and-their-attacks-on-other-coins-818939




SHADOWCOIN TEAM


50% of this coin are in the hands of only two pump&dumpers:
Pookielax31 = Mr. Boh (twitter)
coolstoryteller = Trolls Royce
They use bots to manipulate prices of shadowcash and also to destroy new coins that will be competitors.

Yeah coin is total dogshit... And the funny thing is that the whole concept is flawed...  Once you get numerous bots out there they are fighting over the arbitrage.. Your bot will end up buying to turn around to seel and someone elses bot will have beaten you to the sale... Its bogus until I hear that explained.. and the devs explanation of "everyone wont be doing the same coin at the same time. Only the coins moving fast have any real arbitrage to be had, and the bot does it all the time so.....

 

It's amazing how many scams there have been this last month.