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Topic: TrustUSD - Plagiarism - misleading and full of fake comments (Read 483 times)

legendary
Activity: 1932
Merit: 1737
"Common rogue from Russia with a bare ass."
They are also not in Telegram and some guy @BrendanViehman is in charge there now.

On the subject of Mr. Viehman.
He, along with others in this scheme, was/is also involved in the MAPR/U.K.Financial/DFS scam.


One thing about this MAYA crap that mildly interested me was the role of The Crypto Analyst in their pretty basic PR approach.
Apart from various prnewswire type press releases, Dahlke never used much in the way of third party shilling for his scam (apart from clumsy occasional alt accounts), except for the You Tube channel of The Crypto Analyst.
There's nothing special about the other vids released there, pretty basic and inaccurate pseudo TA droned out like on many other worthless channels, but what TCA did also do was continually shill any U.K. Financial scheme going, MAPR, MAYA, DFS etc.
It had minimal views and zero value, but I wondered where it fitted into the overall narrative.

"The Crypto Analyst" is Brendan Viehman a know nothing kid who claims, like all know nothing kids, to be
Quote
an experienced blockchain and cryptocurrency consultant that has worked with the field since 2011 where I began my journey. 
.
From looking at him, in 2011 he would have been about nine.
Anyway, nothing special, just another chancer in a crypto world full of them, but....

So, what is a short description of Maya Preferred?
Let's go with
"A pretend stablecoin listed on Saturn and Catex: minimal, low quality trading and no reason to exist other than P&D."

Now let's look at Viehman's Linkedin again
Quote
I have worked with numerous companies and projects such as TrustUSD (TRUSD) Maya Preferred 223 (MAPR), Digital Fantasy Sports (DFS)

TrustUSD?
So, what is a short description of TrustUSD?
"A pretend stablecoin listed on Saturn and Catex: minimal, low quality trading and no reason to exist other than P&D."

TBC...


legendary
Activity: 2086
Merit: 1282
Logo Designer ⛨ BSFL Division1
They are also not in Telegram and some guy @BrendanViehman is in charge there now.
legendary
Activity: 1932
Merit: 1737
"Common rogue from Russia with a bare ass."

I haven't checked the rest of the WP, reportedly there are more copy/pasted content from other sources. I think there is no need to give more evidence, above is more than enough.

Indeed.
Apparently Kalen Dangerfield (the CEO of the non existent United Trust co, "the American made and regulated, fully transparent and registered to the US government company" that operates TrustUSD) has run off with the proceeds of his nice little Pump and Dump is taking extended time out from communicating with his sect-like Telegram followers, in order to write a 'Brand New White Paper'.
Maybe he's bought some text spinner software.

Just a quick update on this "stablcoin's" progress.
No "Supply Adjustment" information for a month.
No new whitepaper. (Still haggling on MechTurk?)
The price is languishing around 10 sats and Dangerfield's absence (nearly a month) has been explained by the death of his grandmother.
He is too grief sticken to update or post anything for his dwindling band of bagholders, but strong enough to retweet MAGA crap on his Twitter feed.
He's left our MAYA pumping YouTube "analyst" in charge of the depressed TG group, who has established that it couldn't possibly be an exit scam because bagholders still have 40% of the worthless token issue. I suppose that makes sense to somebody.
Brings to mind the old poker quote

"If you can't see who the sucker is, then it's you."


member
Activity: 180
Merit: 47
Looks like Supreme Admin of Maya Preferred shilling this TrustUSD Amy Edgell AKA RainbowBrite, Aedgell61364 or what ever name she is going by now here has emptied one of her bag holdings of TrustUSD 2 days ago lol nice to see she dumps a project she SO believes in and then dis-regards all the other poor people getting scammed as long as she makes a buck. This woman is some peace of work. No good afterlife for her I can guarantee that.

From here
https://etherscan.io/address/0x3d83e749238ef28d361d1260f64c982a29f140a7#tokentxns

To here & then Catex to dump
https://etherscan.io/address/0xe74d015d0ef90f19d2f41a599b411e7f6fc4536f#tokentxns

Naughty Naughty Amy. You can not hide your scammy actions from me. Grin
legendary
Activity: 2086
Merit: 1282
Logo Designer ⛨ BSFL Division1
Supplying an additional plagiarism report on top of the accusations listed above. @notblox1, please update the original post and topic title with this new information.

Thank you for posting additional information!
legendary
Activity: 1932
Merit: 1737
"Common rogue from Russia with a bare ass."

I haven't checked the rest of the WP, reportedly there are more copy/pasted content from other sources. I think there is no need to give more evidence, above is more than enough.

Indeed.
Apparently Kalen Dangerfield (the CEO of the non existent United Trust co, "the American made and regulated, fully transparent and registered to the US government company" that operates TrustUSD) has run off with the proceeds of his nice little Pump and Dump is taking extended time out from communicating with his sect-like Telegram followers, in order to write a 'Brand New White Paper'.
Maybe he's bought some text spinner software.

legendary
Activity: 1526
Merit: 1359
Supplying an additional plagiarism report on top of the accusations listed above. @notblox1, please update the original post and topic title with this new information.


What happened: Large parts of the TrustUSD whitepaper have been copied from Saga project (among others) word-for-word. No links to resources used.


TrustUSD Whitepaper:  https://unitedtrust.co/wp-content/uploads/2019/09/TrustUSD_EN.pdf
Archive:  https://web.archive.org/web/20200108123500/https://unitedtrust.co/wp-content/uploads/2019/09/TrustUSD_EN.pdf


Saga Whitepaper:  https://m.saga.org/static/files/p/--752c799b-b6b6-4e0f-bce2-6b9627a0539d_saga%2Bwhitepaper.pdf




I haven't checked the rest of the WP, reportedly there are more copy/pasted content from other sources. I think there is no need to give more evidence, above is more than enough.
legendary
Activity: 1932
Merit: 1737
"Common rogue from Russia with a bare ass."
Crosspost from here.

Elastic, yes.
Stable, no.
Asset, lolol.

Apparently, this is a bull flag...  Cheesy


Quote from:  TG, Rob, the man with all the answers
The reason people are dumping is simple... they're reading this chat, watching you all scared and they know they'll be able to get you to panic sell and get filled lower... 
Just as well that they're all
Quote
professional investors
then.....

Anyhow, good to see the lemonade stall boss Kalen has been so hard at work for the last four days, it's almost as if he's disappeared.


member
Activity: 180
Merit: 47
Looks like Amy has changed her username once again to not be found, what a scum bag she is............. Anyways here is her new Telegram username @RainbowBrite5153
legendary
Activity: 1932
Merit: 1737
"Common rogue from Russia with a bare ass."
I will not post in thier ANN topic and bump it up anymore.
It is full of 'trusd protectors'

I will and just have, because it's getting exposure for our observations for any newbies searching for it. Also, stupid shills post stupid shit if you engage them.
Stuff gets drowned in Scam Accusations these days, I usually cross post into the main threads too.
legendary
Activity: 2086
Merit: 1282
Logo Designer ⛨ BSFL Division1
I am supporting your flag @nutildah

I will not post in thier ANN topic and bump it up anymore.
It is full of 'trusd protectors'
legendary
Activity: 3010
Merit: 8114
From the Maya Preferred 223 scam thread:

One thing about this MAYA crap that mildly interested me was the role of The Crypto Analyst in their pretty basic PR approach.
...
"The Crypto Analyst" is Brendan Viehman a know nothing kid who claims, like all know nothing kids, to be
Quote
an experienced blockchain and cryptocurrency consultant that has worked with the field since 2011 where I began my journey.  
.
From looking at him, in 2011 he would have been about nine.
Anyway, nothing special, just another chancer in a crypto world full of them, but....

So, what is a short description of Maya Preferred?
Let's go with
"A pretend stablecoin listed on Saturn and Catex: minimal, low quality trading and no reason to exist other than P&D."

Now let's look at Viehman's Linkedin again
Quote
I have worked with numerous companies and projects such as TrustUSD (TRUSD) Maya Preferred 223 (MAPR), Digital Fantasy Sports (DFS)

TrustUSD?
So, what is a short description of TrustUSD?
"A pretend stablecoin listed on Saturn and Catex: minimal, low quality trading and no reason to exist other than P&D."

This might be a stretch but expounding on the Maya Preferred / TrustUSD connection:

I noticed that Amy has changed her telegram name to Rainbow Brite Amy (RainbowBrite85) and has not been seen since the 2nd of Jan and does not appear to be an Admin no more. I think she more then likely took their last pay of $200-$250 and packed it in. She knows it is a scam and tried to make me look like an idiot to have money and lead the others down a dark path of being scammed.

Edit: My suspicions where correct check out this https://ibb.co/C8pGcF6 she knew it was a scam all a long and did not care about anyone being scammed aslong as she got her money.... How evil.

This person is a member of the TrustUSD Telegram group:



And apparently one of the spammers for the TrustUSD thread:

Congratulations to the TrustUSD Team!!!
This one is going to make it!

This idea is phenomenal, and the people who are backing it up are strong! Only a matter of time before this explodes.

What are the chances that this person is also Brendan Viehman or part of his promotional team?

Regardless, their involvement is another sign that this project is a scam.

Edit: added a flag against this project.
legendary
Activity: 1932
Merit: 1737
"Common rogue from Russia with a bare ass."
"TrustUSD" (sic) appears to be a complete rip off of the late and unlamented Base/Basis nonsense stablecoin scheme, shorn of details of how the removal of the "bond" support* proposed there would be replaced, presumably by a unicorn smart contract.
*think how security offering attitudes have changed in the 2 1/2 years since.

That pile of unnecessarily complex garbage thinking, "bullshit baffles brains" was shilled by John Taylor of Taylor Rule fame, and a nearly Head of the Fed if Trump had had his way.
I note that the Dangermouse character behind this Trust (lol) thing likes to pose on Twitter in his MAGA hat.

Just a couple of examples of completely coincidental  Roll Eyes similarities which abound between the $132,000,000 failure 2017/18 "Basis" scheme and the destined to fail 2020 "TrustUSD" copycat scheme.


Quote from: Trust WP
For example, to start off, 1 TrustUSD token is established to target $1 USD. TrustUSD could potentially
even eclipse the dollar and be updated to peg to a consumer price index (CPI), similar to how central
banks hit inflation targets today. The TrustUSD protocol accomplishes this by algorithmically adjusting
the supply of TrustUSD tokens in response to changes in, for example, the TrustUSD exchange
rate. This implements a monetary policy similar to that is also executed by central banks around the
world, except we operate as a decentralized, protocol-enforced algorithm, without the need for direct
human judgment as opposed to traditional banking algorithms.

Quote from: Basis WP
For example, to start off, 1 Basis can be pegged to always trade for 1 USD. In the future,
Basis could potentially even eclipse the dollar and be updated to peg to a consumer
price index (CPI) or basket of goods, similar to how central banks hit inflation targets
today. The Basis protocol accomplishes this by algorithmically adjusting the supply
of Basis tokens in response to changes in, for example, the Basis-USD exchange rate.
This implements a monetary policy similar to that executed by central banks around
the world, except it operates as a decentralized, protocol-enforced algorithm, without
the need for direct human judgment.. 

Quote from: TrustUSD
Measuring Exchange Rates with Oracle Systems
Since the price of TrustUSD in the markets is exogenous to the blockchain, the system must rely on a
decentralized or centralized price oracle to estimate the true exchange rate. There are multiple ways
oracle systems can be implemented into TrustUSD:
• Trusted Feed. This method is the simplest method that allows a source to upload real world
exchange rates from large trustworthy exchanges to a smart contract.
• Decentralized Delegation Feed. This method isn't 100% decentralized, but it allows holders
of TrustUSD tokens to vote on a select number of price-feed uploaders. This method also can
prevent price manipulation by allowing token holders to vote out users with bad intentions.

Quote from: Basis
Measuring the Exchange Rate
First, we explain how the Basis blockchain obtains the Basis-USD exchange rate. Since
this information is external to the blockchain, the Basis protocol must implement
what is known as an oracle system, i.e., a system that uploads outside information to
a blockchain. This can be implemented in several ways:
• Trusted feed. The simplest approach is to have a single feed that uploads
the real-world exchange rate to the blockchain, say from Coinbase, Kraken, or
another large exchange. This is obviously a point of centralization, but it bears
mentioning nonetheless.
• Delegated decentralized feed. A semi-decentralized approach is to select a
small group of feed uploaders by vote from holders of Basis... If any bad actor is consistently identified as trying to corrupt the
feed, they can be voted out of the system by coin-holders ..

Ad nauseum..

sr. member
Activity: 1988
Merit: 275
I hope people are checking the trust of the OP before sending anything to this project. That alone will give them warning signal on not to spend any money on this potential scam in the making. Their European Coordinator linkedin profile seemed to be newly-created as he has only 3 connections.



Furthermore, their CEO has no profile photo in linkedin. And these CEO and CPO more than likely are brothers.
legendary
Activity: 2086
Merit: 1282
Logo Designer ⛨ BSFL Division1
I've never had success reporting these types of comments, but I did find plagiarism in the white paper and posted a warning there. Perhaps I'll tag some of the spammers that have receive a merit or two but I need to give them a bit more time to establish their pattern of spamminess.

Thank you.
They also did the same thing with their logo, but then they changed it after they saw I posted info about that.
legendary
Activity: 3010
Merit: 8114
Can some trusted members with higher ranks please tag and report all the people that are making fake posts in their topic?

I've never had success reporting these types of comments, but I did find plagiarism in the white paper and posted a warning there. Perhaps I'll tag some of the spammers that have receive a merit or two but I need to give them a bit more time to establish their pattern of spamminess.
legendary
Activity: 2086
Merit: 1282
Logo Designer ⛨ BSFL Division1
Can some trusted members with higher ranks please tag and report all the people that are making fake posts in their topic?
legendary
Activity: 2170
Merit: 1789
Scammy exchange for scammy tokens. Well deserved I guess?

Seriously though, nobody in their right mind would bother using this token.
legendary
Activity: 2086
Merit: 1282
Logo Designer ⛨ BSFL Division1
It is listed on this unkown exchange catex with unstable price of $0.01

And I see they now changed the logo... to avoid blatant copy/paste

 


hero member
Activity: 2842
Merit: 772
Can't complain those are paid shills account bumping. Project having those activity are worst and cannot be trusted, though the coin have its price already, but its less than 1 usd having said that its a stablecoin.  Roll Eyes

Yeah, I quickly took a glance and damn, almost all of the post about this project is a shill account.

I also check their whitepaper, pictures of the people behind and it really looks very shady to say the list. So it's possible that this could be a scam project and hope that we can uncover them as early before they can scam a lot of newbie investors.
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