Topic: TorCoin Is A Scam - page 2. (Read 3756 times)
Just in case anyone was wondering, Iluvbitcoins works for TorCoin. He is an admin on TorCoin website. He has a stake in this coin so he is trying to make it look better.
Nobody cares about your false positive screenshot. TorCoin still does NOT connect to Tor, regardless of your "no virus" proposal. A virus has nothing to do with TorCoin NOT connecting to Tor. The coin does not do what you claim it does. PERIOD.
As I understand it:
Mac version == Not integrated with Tor
Windows version == Not integrated with Tor
Linux version == Not integrated with Tor
Github version (tor branch only) == integrated
Not developed yet - but I'll assume the iOS and Android versions will also not be integrated with Tor.
The majority of TorCoin releases, and all main branch releases, are not integrated and it is extremely misleading reading the OP or the website because everything revolves around its integration with Tor.
If the website and OP get changed to reflect the truth more clearly and I hear back from some of the companies I've contacted regarding possible false-positives on the windows version being detected as a trojan, I will consider modifying my feedback.
This is my point. The whole hype of this coin is it's supposed native integration with Tor. It does not do this. On the main thread I saw someone saying they couldn't even compile the Github version. It may not even work on any version of the client. No one has confirmed any Tor integration. Not a single person!
The majority of TorCoin releases, and all main branch releases, are not integrated and it is extremely misleading reading the OP or the website because everything revolves around its integration with Tor.
If the website and OP get changed to reflect the truth more clearly and I hear back from some of the companies I've contacted regarding possible false-positives on the windows version being detected as a trojan, I will consider modifying my feedback.
If the website and OP get changed to reflect the truth more clearly and I hear back from some of the companies I've contacted regarding possible false-positives on the windows version being detected as a trojan, I will consider modifying my feedback.
I completely agree with this
I agree it was wrong from TheTorcoin not to state this in the OP
Torcoin is however indeed TOR integrated:
https://github.com/TorCoinProject/torcoin/tree/tor
However, I agree it was completely wrong not to state this in the OP
I also think it's a bit of an exaggeration to leave a red tag on him
Torcoin IS being developed and will implement more features
Torcoin is however indeed TOR integrated:
https://github.com/TorCoinProject/torcoin/tree/tor
However, I agree it was completely wrong not to state this in the OP
I also think it's a bit of an exaggeration to leave a red tag on him
Torcoin IS being developed and will implement more features
As I understand it:
Mac version == Not integrated with Tor
Windows version == Not integrated with Tor
Linux version == Not integrated with Tor
Github version (tor branch only) == integrated
Not developed yet - but I'll assume the iOS and Android versions will also not be integrated with Tor.
The majority of TorCoin releases, and all main branch releases, are not integrated and it is extremely misleading reading the OP or the website because everything revolves around its integration with Tor.
If the website and OP get changed to reflect the truth more clearly and I hear back from some of the companies I've contacted regarding possible false-positives on the windows version being detected as a trojan, I will consider modifying my feedback.
It was wrong from TheTorcoin not to state this in the OP
Torcoin however is indeed TOR integrated:
https://github.com/TorCoinProject/torcoin/tree/tor
I agree it was completely wrong not to state this in the OP
However I also think it's a bit of an exaggeration to leave a red tag on him
Torcoin IS being developed and will implement more features
It's a mistake, however a scam accusation is a bit too much since there actually is
https://github.com/TorCoinProject/torcoin/tree/tor
If there weren't it wouldn't be too much since it would be a flat out lie
This way however, the OP was just wrongly formed
Torcoin however is indeed TOR integrated:
https://github.com/TorCoinProject/torcoin/tree/tor
I agree it was completely wrong not to state this in the OP
However I also think it's a bit of an exaggeration to leave a red tag on him
Torcoin IS being developed and will implement more features
It's a mistake, however a scam accusation is a bit too much since there actually is
https://github.com/TorCoinProject/torcoin/tree/tor
If there weren't it wouldn't be too much since it would be a flat out lie
This way however, the OP was just wrongly formed
Posting here for reference. There are accusations that there is an embedded trojan in the Windows version of the TorCoin client
https://bitcointalksearch.org/topic/m.19065197
https://bitcointalksearch.org/topic/m.19065197
I'll just leave this here
I submitted a False Positive report to ESET (NOD32, ESET Smarty Security, etc...) They replied to me today and confirmed that it is a false positive. They have already updated their virus signatures. TorCoin no longer shows up as a Trojan in ESET. I verified this by running another scan of the file directly.
I just loaded up TorCoin and generated my first wallet address.
TDk2oNSXEzmP3voog2y6HtmcDiEZD9aLLm
I just loaded up TorCoin and generated my first wallet address.
TDk2oNSXEzmP3voog2y6HtmcDiEZD9aLLm
Yeah. That was ME that submitted the report to ESET. Before I tested TorCoin, I submitted it to ESET for analysis. After ESET came back and said it was clean I tested the client. It does not connect to Tor. It sends all of its data over the regular internet.
This came up when I was doing some research into Torcoin so thank you very much for the valuable information. I will never invest in something that is ripping off someone else and or doesn't even do what it is supposed to.
That's the thing. It does not even come close to doing what they say it does. They didn't stop to think that advertising a coin that works over a network like Tor would attract technically savvy people. I do not trust privacy to blind faith. If they are lying about how it works, you can guarantee this is just a pump and dump coin.
Posting here for reference. There are accusations that there is an embedded trojan in the Windows version of the TorCoin client
https://bitcointalksearch.org/topic/m.19065197
https://bitcointalksearch.org/topic/m.19065197
I'll just leave this here
I submitted a False Positive report to ESET (NOD32, ESET Smarty Security, etc...) They replied to me today and confirmed that it is a false positive. They have already updated their virus signatures. TorCoin no longer shows up as a Trojan in ESET. I verified this by running another scan of the file directly.
I just loaded up TorCoin and generated my first wallet address.
TDk2oNSXEzmP3voog2y6HtmcDiEZD9aLLm
I just loaded up TorCoin and generated my first wallet address.
TDk2oNSXEzmP3voog2y6HtmcDiEZD9aLLm
Posting here for reference. There are accusations that there is an embedded trojan in the Windows version of the TorCoin client
https://bitcointalksearch.org/topic/m.19065197
Don't you think from 2016 onwards most ICOs are included in scamming.https://bitcointalksearch.org/topic/m.19065197
“…if the just man is good at keeping money, he is good at stealing it.” Plato, Book I, The Republic
Just after seeing this thread few hours back I approached to the manager of the ICO so that I can make a fork of the main torcoin branch and he is still silent...
This shows their dedication... 
This came up when I was doing some research into Torcoin so thank you very much for the valuable information. I will never invest in something that is ripping off someone else and or doesn't even do what it is supposed to.
Posting here for reference. There are accusations that there is an embedded trojan in the Windows version of the TorCoin client
https://bitcointalksearch.org/topic/m.19065197
https://bitcointalksearch.org/topic/m.19065197
@ibminer - No. What you posted was not me, but it does seem relevant.
Is this you? Either way, probably relevant on this thread
NOTICE :
Users of this forum should know the following;
(1) "Torcoin" has nothing whatsoever to do with the real Tor Project Inc.
In fact, the official Tor Project Inc has already publicly issued a warning regarding "Torcoin"
- https://twitter.com/torproject/status/857297306571481088
"@torproject Apr 26
Warning: @TheTorCoin is using our name and logo deceptively and without permission/approval. Their service is not endorsed by Tor."
Anyone reading this should also see: https://www.torproject.org/docs/trademark-faq.html
"Tor" and the "Onion Logo" are registered trademarks of The Tor Project, Inc.
(2) "Torcoin" is making 'false' claims in regards to their current (and only) software release: Version 1.0.0
(a) Despite claiming that; "Torcoin is fully integrated with the Tor project network", the current wallet software is not automatically running over the real Tor® network and therefore exposes the users real IP address on clearnet!
Note that almost any crypto-coin on this forum can be run over the real Tor® network by configuring the proxy settings to use a Tor® daemon as a SOCKS proxy.
(b) "Torcoin is 100% Anonymous, unlike Bitcoin. Send & Receive payments with full privacy" - Note that "Stealth" addresses are not fully anonymous, in comparison to other anonymity technologies.
(c) "By running TorCoin, you are increasing the number of nodes on the TOR network, and thereby helping people across the world remain anonymous." Again, this claim is currently false.
Torcoin's existing wallet release does not run a real Tor® network node (Relay or Exit node) when the wallet is started. "Torcoin" software is therefore not currently able to reward actual Tor® network nodes operators, as they have also claimed.
...
As someone who has hosted real Tor® software Relay and Exit nodes for more than 10 years (and have also been using Bitcoin since the year dot), I feel obliged to make the above facts known.
~ Running genuine Tor® software nodes remains a thankless and mostly unrewarded task that I choose to undertake, as I believe in the right to privacy etc.,
Furthermore, the real Tor Project Inc has long considered trying to enable said incentive mechanism's for real relay and exit node operators and various research papers have already been published;
See: https://blog.torproject.org/blog/tor-incentives-research-roundup-goldstar-par-braids-lira-tears-and-torcoin
Note that the TorCoin paper mentioned is not the "TorCoin" of this forum thread!
...
Whilst the continuing development concept for a "TorCoin" maybe somewhat feasible - I fail to see how you can remedy the above situation.
Users of this forum should know the following;
(1) "Torcoin" has nothing whatsoever to do with the real Tor Project Inc.
In fact, the official Tor Project Inc has already publicly issued a warning regarding "Torcoin"
- https://twitter.com/torproject/status/857297306571481088
"@torproject Apr 26
Warning: @TheTorCoin is using our name and logo deceptively and without permission/approval. Their service is not endorsed by Tor."
Anyone reading this should also see: https://www.torproject.org/docs/trademark-faq.html
"Tor" and the "Onion Logo" are registered trademarks of The Tor Project, Inc.
(2) "Torcoin" is making 'false' claims in regards to their current (and only) software release: Version 1.0.0
(a) Despite claiming that; "Torcoin is fully integrated with the Tor project network", the current wallet software is not automatically running over the real Tor® network and therefore exposes the users real IP address on clearnet!
Note that almost any crypto-coin on this forum can be run over the real Tor® network by configuring the proxy settings to use a Tor® daemon as a SOCKS proxy.
(b) "Torcoin is 100% Anonymous, unlike Bitcoin. Send & Receive payments with full privacy" - Note that "Stealth" addresses are not fully anonymous, in comparison to other anonymity technologies.
(c) "By running TorCoin, you are increasing the number of nodes on the TOR network, and thereby helping people across the world remain anonymous." Again, this claim is currently false.
Torcoin's existing wallet release does not run a real Tor® network node (Relay or Exit node) when the wallet is started. "Torcoin" software is therefore not currently able to reward actual Tor® network nodes operators, as they have also claimed.
...
As someone who has hosted real Tor® software Relay and Exit nodes for more than 10 years (and have also been using Bitcoin since the year dot), I feel obliged to make the above facts known.
~ Running genuine Tor® software nodes remains a thankless and mostly unrewarded task that I choose to undertake, as I believe in the right to privacy etc.,
Furthermore, the real Tor Project Inc has long considered trying to enable said incentive mechanism's for real relay and exit node operators and various research papers have already been published;
See: https://blog.torproject.org/blog/tor-incentives-research-roundup-goldstar-par-braids-lira-tears-and-torcoin
Note that the TorCoin paper mentioned is not the "TorCoin" of this forum thread!
...
Whilst the continuing development concept for a "TorCoin" maybe somewhat feasible - I fail to see how you can remedy the above situation.
I recently posted these findings on my own blog. I plan to post more technical analisys of other coins in the future: https://cryptocurrencyexchanges.wordpress.com/2017/12/18/torcoin-is-a-scam/
This is not a wild guess. I have hard technical proof that TorCoin has lied about their Crypto Currency.
I'm a certified Network Engineer with a little over 10 years experience. Most recently I worked for a very large ISP in their core engineering department. I'm also kind of a nerd, so in my free time I like to investigate how things work, especially if they are network related.
I have experience with Tor and anonymous distributions like Tails. My primary interest at this point is to find out how secure TorCoin really is. If you are familiar with anonymity, then you should be aware that leaking network data on the clear net (the regular internet) is a big concern. Leaking any data related to you or the app you're trying to conceal will give you away.
To test, I configured a Windows 10 Virtual Machine and setup Wireshark. After installing and launching TorCoin, I performed a series of packet captures. For the sake of being brief, I discovered that most of the claims made by TorCoin are false. TorCoin does NOT integrate with The Tor Network. It does NOT keep your usage private.
Here are just a couple things that I found!
* Clear public NON-Tor DNS traffic asking for http://seed.torcoincoin.com
* Clear public IRC traffic to irc.lfnet.org and irc.smutfairy.com
* Does NOT connect to The Tor Network!
* Does NOT keep your use of the coin anonymous!
* Nodes do NOT help The Tor Network.
Here is a screenshot of the IRC traffic:
The TorCoin OP says you are untraceable. I found a central location where I can track all the connected nodes.
You can see the IRC room with all the connected nodes here:
You can download the Wireshark packet captures here so that you can see for yourself:
https://www.dropbox.com/sh/48nhs90ia6rosop/AACTChe_153XeFptUUGtSRsGa?dl=0
BitCoinTalk member TheTorCoin makes these FALSE claims on his thread:
TorCoin communicates with other nodes over the regular internet. Your IP address can be seen by everyone! I was able to do a reverse lookup on a node and found a user on Comcast. His claims are misleading at best. I personally feel the creator of this coin has done this intentionally. It is my educated opinion that you avoid this cryptocurrency.
This is not a wild guess. I have hard technical proof that TorCoin has lied about their Crypto Currency.
I'm a certified Network Engineer with a little over 10 years experience. Most recently I worked for a very large ISP in their core engineering department. I'm also kind of a nerd, so in my free time I like to investigate how things work, especially if they are network related.
I have experience with Tor and anonymous distributions like Tails. My primary interest at this point is to find out how secure TorCoin really is. If you are familiar with anonymity, then you should be aware that leaking network data on the clear net (the regular internet) is a big concern. Leaking any data related to you or the app you're trying to conceal will give you away.
To test, I configured a Windows 10 Virtual Machine and setup Wireshark. After installing and launching TorCoin, I performed a series of packet captures. For the sake of being brief, I discovered that most of the claims made by TorCoin are false. TorCoin does NOT integrate with The Tor Network. It does NOT keep your usage private.
Here are just a couple things that I found!
* Clear public NON-Tor DNS traffic asking for http://seed.torcoincoin.com
* Clear public IRC traffic to irc.lfnet.org and irc.smutfairy.com
* Does NOT connect to The Tor Network!
* Does NOT keep your use of the coin anonymous!
* Nodes do NOT help The Tor Network.
Here is a screenshot of the IRC traffic:
The TorCoin OP says you are untraceable. I found a central location where I can track all the connected nodes.
You can see the IRC room with all the connected nodes here:
You can download the Wireshark packet captures here so that you can see for yourself:
https://www.dropbox.com/sh/48nhs90ia6rosop/AACTChe_153XeFptUUGtSRsGa?dl=0
BitCoinTalk member TheTorCoin makes these FALSE claims on his thread:
"Torcoin is a cryptocurrency similar to Bitcoin featuring numerous improvements and innovations, such as full integration with the TOR network, stealth sending technology, and complete anonymity."
"There is never any need to 'mix' or 'anonymize' your TorCoins - they are anonymous by default. TOR is fully integrated with TorCoin, which means that a snoop or attacker watching your internet connection will not know if you are using TorCoin - and other TorCoin users cannot determine the physical location of your Torcoin node."
"Completely Untraceable. No one will ever know you are running a TorCoin node - your real IP is never broadcast to the network because TorCoin runs over Tor."
"There is never any need to 'mix' or 'anonymize' your TorCoins - they are anonymous by default. TOR is fully integrated with TorCoin, which means that a snoop or attacker watching your internet connection will not know if you are using TorCoin - and other TorCoin users cannot determine the physical location of your Torcoin node."
"Completely Untraceable. No one will ever know you are running a TorCoin node - your real IP is never broadcast to the network because TorCoin runs over Tor."
TorCoin communicates with other nodes over the regular internet. Your IP address can be seen by everyone! I was able to do a reverse lookup on a node and found a user on Comcast. His claims are misleading at best. I personally feel the creator of this coin has done this intentionally. It is my educated opinion that you avoid this cryptocurrency.
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