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Topic: [UNMODERATED] CLUSTERCOIN Topic [OPEN DISCUSSION] - page 5. (Read 7448 times)

newbie
Activity: 75
Merit: 0
there is still only 1 address mining this coin...the devs... it will only take 1.5TH to do a 51% attack...if everyone started mining for 15 mins if would raise difficulty level up so dev would be unable to keep the blockchain going..you would end up with a non syncing wallet and maybe a better chance of a refund
member
Activity: 109
Merit: 10
you people have no concept of what an escrow is.

You people are blaming Bittrex??


That is the stupidest thing I have seen here on this forum in all long time.

hero member
Activity: 729
Merit: 500
imagine if bittrex releases the funds and the dev dissapears, they would be ruined, aswell as they would get sued. i hope they are thinking of all this aswell.
their is quite a good bit of evidence that this could be a big scam, and if bittrex doesnt responsibly listen to the community and ends up releasing the funds and it turns out to be a scam, they are just as in on the scam as the scammers, them being enablers of the scam and will have much legal trouble because it could have been prevented

No sorry, go back to law school.

IF Bittrex doesnt' release the funds they can be sued, the terms will be met.

They are the escrow, they are not supposed to decide on what is right or wrong with the future of the coin, or what the dev did in the past.

There is an agreement, in black and white, they read the agreement, and if the agreement was met they release the money, if it was not met, they return the money.

They are the escrow, not the crypto police. it is a legal problem, its a contract, and it must be followed

you guys are grasping at straws here and blaming the wrong people

Actually I have already discussed this with richie.  There is NO legal contract or agreement in place, just an informal over the internet agreement between an anonymous "dev" and Bittrex.

The "dev" has no grounds for complaint if he is not given the 350 BTC as he has no legally binding contract in place, no signature...nothing.
hero member
Activity: 756
Merit: 500
imagine if bittrex releases the funds and the dev dissapears, they would be ruined, aswell as they would get sued. i hope they are thinking of all this aswell.
their is quite a good bit of evidence that this could be a big scam, and if bittrex doesnt responsibly listen to the community and ends up releasing the funds and it turns out to be a scam, they are just as in on the scam as the scammers, them being enablers of the scam and will have much legal trouble because it could have been prevented

No sorry, go back to law school.

IF Bittrex doesnt' release the funds they can be sued, the terms will be met.

They are the escrow, they are not supposed to decide on what is right or wrong with the future of the coin, or what the dev did in the past.

There is an agreement, in black and white, they read the agreement, and if the agreement was met they release the money, if it was not met, they return the money.

They are the escrow, not the crypto police. it is a legal problem, its a contract, and it must be followed

you guys are grasping at straws here and blaming the wrong people

oh ya show me a signed agreement between bittrex and the dev and than you are correct. but since their is no binding agreement, and upon the discovery of NEW FACTS from the community pointing out extremely suspicious behavior from the likes of the dev that this could just be an elaborate scam, bittrex is now responsible as the escrow agent more than anyone to make the right decision. what is the dev going to do, sue bittrex?? he will never win anything because he never even developed anything. however the community coming together against bittrex if they decide to release the funds and it does turn out to be a scam, would be devastating
hero member
Activity: 840
Merit: 1000
imagine if bittrex releases the funds and the dev dissapears, they would be ruined, aswell as they would get sued. i hope they are thinking of all this aswell.
their is quite a good bit of evidence that this could be a big scam, and if bittrex doesnt responsibly listen to the community and ends up releasing the funds and it turns out to be a scam, they are just as in on the scam as the scammers, them being enablers of the scam and will have much legal trouble because it could have been prevented

No sorry, go back to law school.

IF Bittrex doesnt' release the funds they can be sued, the terms will be met.

They are the escrow, they are not supposed to decide on what is right or wrong with the future of the coin, or what the dev did in the past.

There is an agreement, in black and white, they read the agreement, and if the agreement was met they release the money, if it was not met, they return the money.

They are the escrow, not the crypto police. it is a legal problem, its a contract, and it must be followed

you guys are grasping at straws here and blaming the wrong people

PPL get scammed, that will be also criminal, in US btc is legal money Cheesy
sr. member
Activity: 419
Merit: 250
imagine if bittrex releases the funds and the dev dissapears, they would be ruined, aswell as they would get sued. i hope they are thinking of all this aswell.
their is quite a good bit of evidence that this could be a big scam, and if bittrex doesnt responsibly listen to the community and ends up releasing the funds and it turns out to be a scam, they are just as in on the scam as the scammers, them being enablers of the scam and will have much legal trouble because it could have been prevented

No sorry, go back to law school.

IF Bittrex doesnt' release the funds they can be sued, the terms will be met.

They are the escrow, they are not supposed to decide on what is right or wrong with the future of the coin, or what the dev did in the past.

There is an agreement, in black and white, they read the agreement, and if the agreement was met they release the money, if it was not met, they return the money.

They are the escrow, not the crypto police. it is a legal problem, its a contract, and it must be followed

you guys are grasping at straws here and blaming the wrong people
legendary
Activity: 1120
Merit: 1000
Chris/OCminer, you two are always thoughtful in your responses so I welcome a discussion with you on why you think its a scam. You guys know where you can find me. I will not engage in this discussion on this forum after this post.  

Here's what I do know as a fact, please find me and discuss if you have more facts.

* Our ICO terms stated in the original ANN said the dev must deliver a working wallet, blockchain and blockchain explorer.  This is more than requested by some other ICO terms.
* the ICO is based on the premise that the funds were to be used for future developments of the project. Not what was available today.  This was clearly stated in the ANN.
* the whitepaper was laid out along with the source code of the available wallet for everyone to decide before investing in the ICO.

None of these things have changed since people decided to invest based on their research.  In fact, the dev has already agreed add additional requirements by doing PoD (not going to get into the validity of it, but it is another way to raise the bar).  Bittrex makes no guarantees beyond ensuring that the coins you have purchased arrive in your wallet.

The other anecdotal things I've seen is:

* 3 accounts created in a one month period (how many accounts were created during the bitcoin hype period?)
* said accounts were part of giveaway threads (how many accounts were part of the giveaways?)
* dev isn't responsive enough (do you know how much time WE have spent engaged with the community with people that insist on FUD).

This is the data I have.  In the world where FUD allows for market manipulation, we have to operate on facts.  And, as I have stated many times, everyone has agreed to hold funds until PoD is completed.

thanks,
Richie

Here's the problem:
"* Our ICO terms stated in the original ANN said the dev must deliver a working wallet, blockchain and blockchain explorer.  This is more than requested by some other ICO terms." ---> And why is that? The obvious issue is if you set a bar so low that anyone without a wallet/blockchain/blockchain explorer can open an ICO on your site, there is obviously something wrong with your site. How much time do you think will pass before you get branded as the cryptostocks of alt ICOs?

I had a discussion with Richie over this post via PM. Here's what he has to say:
Quote
1) The bar is low yes, but that is what it is.  If you think it is too low, then do not be a part of the ICO.  The alternative is people do ICOs on BCT and things like $STACK happen where users have no chance at all.  We DO NOT want to police things.  We are an escrow service.  I don't know how to say that to make it any clearer.

My interpretation from this is bittrex is going to allow anyone with a whitepaper and idea (but zero coding skills) to sell their ICOs while using the bittrex logo (read allow exploiting the brand name). All in the name of getting volume to the exchange.

Bittrex has set themselves up for major headaches.  Their best bet is to walk away from ICOs immediately.
They will lose the trust of many customers if they release the fund and it turns out to be a scam as expected.
legendary
Activity: 1526
Merit: 1000
the grandpa of cryptos
im taking out money from bittrex right now, this exchange is too risky at this point
legendary
Activity: 1120
Merit: 1000
Just ask yourself this question:"If you were the dev behind CLSTR and you see this mess, what would you do?". Just be reasonable. If you are an honest guy you would probably say "Well, if people do not trust me or the project anymore I don't want their money" or maybe "get the btc in parts while development progresses in time to gain trust". But the dev does not even want to think about a step towards the investors. He is just worried about getting the BTC Smiley Think...
sr. member
Activity: 560
Merit: 261
Dev is obviously not a coder. All his posts are crap from the very beginning to the very end.
hero member
Activity: 756
Merit: 500
imagine if bittrex releases the funds and the dev dissapears, they would be ruined, aswell as they would get sued. i hope they are thinking of all this aswell.
their is quite a good bit of evidence that this could be a big scam, and if bittrex doesnt responsibly listen to the community and ends up releasing the funds and it turns out to be a scam, they are just as in on the scam as the scammers, them being enablers of the scam and will have much legal trouble because it could have been prevented
sr. member
Activity: 378
Merit: 250
Time is Money - Benjamin Franklin
Chris/OCminer, you two are always thoughtful in your responses so I welcome a discussion with you on why you think its a scam. You guys know where you can find me. I will not engage in this discussion on this forum after this post.  

Here's what I do know as a fact, please find me and discuss if you have more facts.

* Our ICO terms stated in the original ANN said the dev must deliver a working wallet, blockchain and blockchain explorer.  This is more than requested by some other ICO terms.
* the ICO is based on the premise that the funds were to be used for future developments of the project. Not what was available today.  This was clearly stated in the ANN.
* the whitepaper was laid out along with the source code of the available wallet for everyone to decide before investing in the ICO.

None of these things have changed since people decided to invest based on their research.  In fact, the dev has already agreed add additional requirements by doing PoD (not going to get into the validity of it, but it is another way to raise the bar).  Bittrex makes no guarantees beyond ensuring that the coins you have purchased arrive in your wallet.

The other anecdotal things I've seen is:

* 3 accounts created in a one month period (how many accounts were created during the bitcoin hype period?)
* said accounts were part of giveaway threads (how many accounts were part of the giveaways?)
* dev isn't responsive enough (do you know how much time WE have spent engaged with the community with people that insist on FUD).

This is the data I have.  In the world where FUD allows for market manipulation, we have to operate on facts.  And, as I have stated many times, everyone has agreed to hold funds until PoD is completed.

thanks,
Richie

Here's the problem:
"* Our ICO terms stated in the original ANN said the dev must deliver a working wallet, blockchain and blockchain explorer.  This is more than requested by some other ICO terms." ---> And why is that? The obvious issue is if you set a bar so low that anyone without a wallet/blockchain/blockchain explorer can open an ICO on your site, there is obviously something wrong with your site. How much time do you think will pass before you get branded as the cryptostocks of alt ICOs?

I had a discussion with Richie over this post via PM. Here's what he has to say:
Quote
1) The bar is low yes, but that is what it is.  If you think it is too low, then do not be a part of the ICO.  The alternative is people do ICOs on BCT and things like $STACK happen where users have no chance at all.  We DO NOT want to police things.  We are an escrow service.  I don't know how to say that to make it any clearer.

My interpretation from this is bittrex is going to allow anyone with a whitepaper and idea (but zero coding skills) to sell their ICOs while using the bittrex logo (read allow exploiting the brand name). All in the name of getting volume to the exchange.
hero member
Activity: 840
Merit: 1000

If the dev is real, worst case is he doesn't get funded and a shaky idea that likely wouldn't work anyway doesn't get developed immediately.  If the idea has actual merit, it will get developed anyway, eventually.

If the dev is a scammer, worst case is a scammer gets 350 btc.

The downside to giving him the money is much, much worse than the downside to not giving him the money.

Very simple decision.  Do not give him the money.

yes, if you and me are bittrex admins, we will sure refund.
sr. member
Activity: 644
Merit: 251



Someone asked him to prove himself on twitter. Dev just kept deleting his posts.
legendary
Activity: 1050
Merit: 1000
HYPER als oseems ot be scam in the end - dev droped whole premine. added it as 3rd coin to not use in last post on http://fuk.io

Be careful with your words  Angry
There is no "dev" for HYPER- it is a huge team of developers. And I am one of them. So don't start FUD please. And also, all of the premines are intact and held in escrow indefinitely.

dev did login to account and dev did not reply/pay.
where is FUD here?

Our project manager responsible for issuing common bounties is currently away. You not receiving a 10 HYPER bounty for a sig campaign/tweet job does not justify the fact that HYPER is a scam.

my bounty is 0,1BTC worth of HYPER + i see the account logging in - how many people have access there then? explain me why somebody logs in and doesnt reply.

He has been extremely busy lately. I would kindly ask you to stop, and wait for a reply from HYPERfuture.
hero member
Activity: 672
Merit: 500
http://fuk.io - check it out!
HYPER als oseems ot be scam in the end - dev droped whole premine. added it as 3rd coin to not use in last post on http://fuk.io

Be careful with your words  Angry
There is no "dev" for HYPER- it is a huge team of developers. And I am one of them. So don't start FUD please. And also, all of the premines are intact and held in escrow indefinitely.

dev did login to account and dev did not reply/pay.
where is FUD here?

Our project manager responsible for issuing common bounties is currently away. You not receiving a 10 HYPER bounty for a sig campaign/tweet job does not justify the fact that HYPER is a scam.

my bounty is 0,1BTC worth of HYPER + i see the account logging in - how many people have access there then? explain me why somebody logs in and doesnt reply.
legendary
Activity: 1050
Merit: 1000
HYPER als oseems ot be scam in the end - dev droped whole premine. added it as 3rd coin to not use in last post on http://fuk.io

Be careful with your words  Angry
There is no "dev" for HYPER- it is a huge team of developers. And I am one of them. So don't start FUD please. And also, all of the premines are intact and held in escrow indefinitely.

dev did login to account and dev did not reply/pay.
where is FUD here?

Our project manager responsible for issuing common bounties is currently away. You not receiving a 10 HYPER bounty for a sig campaign/tweet job does not justify the fact that HYPER is a scam.
legendary
Activity: 1098
Merit: 1000
Angel investor.
Bittrex hold the coins until the first beta release, it's the best solution!!! Time will tell if Cluster is a scam or there are too many FUDDERS in the thread
hero member
Activity: 672
Merit: 500
http://fuk.io - check it out!
HYPER als oseems ot be scam in the end - dev droped whole premine. added it as 3rd coin to not use in last post on http://fuk.io

Be careful with your words  Angry
There is no "dev" for HYPER- it is a huge team of developers. And I am one of them. So don't start FUD please. And also, all of the premines are intact and held in escrow indefinitely.

dev did login to account and dev did not reply/pay.
where is FUD here?
legendary
Activity: 1050
Merit: 1000
HYPER als oseems ot be scam in the end - dev droped whole premine. added it as 3rd coin to not use in last post on http://fuk.io

Be careful with your words  Angry
There is no "dev" for HYPER- it is a huge team of developers. And I am one of them. So don't start FUD please. And also, all of the premines are intact and held in escrow indefinitely.
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