So if I understood correctly, at the time it was considered a scam because people couldn't redeem?
Or are the keys at risk of being compromised (even if they haven't as of yet)?
There have been a couple of issues.
1) You needed to jump thought hoops to redeem some coins.
2) If you read this entire thread something funky DID happen with at least 1 coin.
So make your own conclusions from there.
I think it is just sloppy work in general from them and not the worlds best customer service attitude.
-Dave
The breakdown -
Someone came here and said something to the effect of “holy shit my Sol Noctis Bull coin had btc funds moved off of it and I never peeled”. Coin was sent to LesbianCow who , and I’m a little fussy here but , basically confirmed that in fact the coin was truly never peeled. What’s craziest of all is the coins were moved them shortly after (not sure on exact length, maybe few days at most I believe) were sent back. LesbianCow spoke with the sellers/creators (PowerCoin I believe) who asked he send the coin to them. He did so. PC essentially brushed it under the rug and provided no legitimate response to the whole situation, ever.
So, yea, Sol Noctis Bull Coins, should be considered compromised. Someone obviously stored the keys, or at the very least one private key, which we all know one is all it takes for trust.
Apparently for coin one, the owl, they used someone else for key generation. Imo they should not be trusted either, as the seller is incompetent or part of the issue/compromise/potential future rug pull.
I refuse to buy any product for them as they were super shady about that whole thing. I remember they posted one of the Bull coins for either auction or raffle on instagram. I chimed in about the situation and my comment was deleted, later the post was.
This is all from memory, I will double check for story inaccuracies which I know for a fact if any are minimal and this is indeed exactly what transpired.
My opinion- having done a lot of scam researching in this space, I believe the absolutely ridiculous redemption process was done so on purpose. Why? I think they don’t want people redeeming them. There were SEVERAL Mr Robots around here who couldn’t figure out how to redeem these coins (Yogg and satoshighost I believe had tried but were also confused), and while one of these two is a scammer themselves (Yogg, of course), they are both highly technical programmers. This last part again, is my opinion.
Edit - “ top world coin” NOT power coin. My apologies.