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Topic: [unmoderated]Re: ACE - AD Campaign Experts - advertising shady site - page 2. (Read 1571 times)

Quickseller
copper member
Activity: 2996
Merit: 2371
Re: [unmoderated]Re: ACE - AD Campaign Experts - advertising shady site
August 05, 2016, 12:54:03 PM
#3
I received the following message:
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Have you looked at their lending portion of their site? 1) there is no clear way that they are able to pay interest on their deposits 2) they have a relatively large minimum deposit (.3 BTC) 3) they offer ridiculous offers to be able to take out a loan, provided that a borrower lend them at least 5 BTC over 6 months, something along the lines of being able to take out huge 10+ BTC loans (IIRC) interest free for several months, without any kind of income or asset verification (and without collateral).
Every single member has been asked to review the website during the voting period. This, while unusual, does not make them a scam. It may make them unproffesional.

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The fact that they are not even using a new address for each customer, but instead ask customers to tell them what address they are sending "from" should alone set off red flags. All this is in addition to the fact they are a brand new site/company with zero history.
Innocent until proven guilty. Even their Mixer works in an unusual way, but it was tested by our members and it had worked as advertised.

To which I responded with:

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Have you looked at their lending portion of their site? 1) there is no clear way that they are able to pay interest on their deposits 2) they have a relatively large minimum deposit (.3 BTC) 3) they offer ridiculous offers to be able to take out a loan, provided that a borrower lend them at least 5 BTC over 6 months, something along the lines of being able to take out huge 10+ BTC loans (IIRC) interest free for several months, without any kind of income or asset verification (and without collateral).
Every single member has been asked to review the website during the voting period. This, while unusual, does not make them a scam. It may make them unproffesional.
What do you think their business plan is? it looks to me like a brand new user is asking people to trust him with large amounts of money and giving people reasons why they should keep their money in their site for a long time (to allow them to avoid being called out as a scam). 

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The fact that they are not even using a new address for each customer, but instead ask customers to tell them what address they are sending "from" should alone set off red flags. All this is in addition to the fact they are a brand new site/company with zero history.
Innocent until proven guilty. Even their Mixer works in an unusual way, but it was tested by our members and it had worked as advertised.
This makes it look to me that someone with little coding skills is trying to start a business that requires a lot of coding skills, increasing the likelihood of both hacks and "hacks"
Quickseller
copper member
Activity: 2996
Merit: 2371
Re: [unmoderated]Re: ACE - AD Campaign Experts - advertising shady site
August 05, 2016, 12:52:55 PM
#2
The above started from this:
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Who is in charge of selecting companies to advertise for?

Did none of you do any kind of research regarding the legitimacy of the company you are advertising?

I hope you all realize that when people start to realize that the website you are advertising has scammed them, they are going to think all of you are behind that website, which BTW, doesn't even use unique addresses for each customer Cheesy
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Who is in charge of selecting companies to advertise for?
All of us are. We held an internal vote.

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Did none of you do any kind of research regarding the legitimacy of the company you are advertising?
We did do research, and we did not find anything to be a scam.

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I hope you all realize that when people start to realize that the website you are advertising has scammed them, they are going to think all of you are behind that website, which BTW, doesn't even use unique addresses for each customer Cheesy
Then we will point them to this point in our T&C:
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ACE can not be held accountable for any misdoings by the client.
And promptly enact this point in the T&C:
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ACE reserves the right to cancel a contract at any point in time if they conclude that the said company has lost its reputation. In this case no returns/refunds will be issued unless otherwise decided by the group.
Quickseller
copper member
Activity: 2996
Merit: 2371
Re: [unmoderated]Re: ACE - AD Campaign Experts - advertising shady site
August 05, 2016, 12:52:37 PM
#1
Quote from: Bitcoin Forum
A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

Quote
Have you looked at their lending portion of their site? 1) there is no clear way that they are able to pay interest on their deposits 2) they have a relatively large minimum deposit (.3 BTC) 3) they offer ridiculous offers to be able to take out a loan, provided that a borrower lend them at least 5 BTC over 6 months, something along the lines of being able to take out huge 10+ BTC loans (IIRC) interest free for several months, without any kind of income or asset verification (and without collateral).

The fact that they are not even using a new address for each customer, but instead ask customers to tell them what address they are sending "from" should alone set off red flags. All this is in addition to the fact they are a brand new site/company with zero history.

Anyone advertising a ponzi can write a similar disclaimer that they are not responsible if what they are advertising turns out to be a scam, that they are not responsible, on a thread that most people viewing your signature will most likely even see. This doesn't change the fact that this hypothetical person is advertising a ponzi. This also wouldn't change the fact that someone may have had their money stolen as a result of them viewing your signatures.
Continued from https://bitcointalksearch.org/topic/--1547364

Reposting here in an unmoderated thread.

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