If you do pointing out that they're a scam and bogus then why you are hiding on a Newbie Hood?
Seems you're attacking a potential Altcoin and you're making non sense FUD from random posts.
If you do believe that there's something not right then you should stand up because hiding under the Newbie Hood is a form coward idiot.
I don't know ArcBlock or I am not related to this shit coin but I don't wanna waste my time on proving that you are right because for me seems you have a personal problem with that coin or personal issues in relation to their success.
Reveal yourself or move on. That's the thing you should need to ponder.
Topic: WARNING Why Arcblock <ABT> is potentially a scam ::) ::) (Read 1713 times)
---- Ali13196----
1) Arcblock claims to have partnerships with big companies like IBM and SAP - meanwhile there is no evidence of this anywhere to be found; the community admins on their telegram refuse to answer the question that is continuously asked of them: 'Arcblock claims to have partnership with IBM and SAP but there is no reference to these partnerships or any other on the net, please clarify.'
2) Arcblock has no code on Github
3) Lack of technical development roadmanp
4) Whitepaper keeps telling you to refer to something else which is non-existent
5) how will they prevent SIBIL attacks if the devs pay the “gas fee”?
6) No mention of a lockup period for their coins.
They want $40mill for a project that has 0 foundations
Justin Tomboulian - is not the Microsoft CIO of Japan; if he were ever, his career there ended in 2013.
The team all have a track record for starting businesses that do not go far; this is not necessarily a bad thing - but are they just jumping on the bandwagon?
---------The user "bustitout" poses some questions---------------
- On LinkedIn, ArcBlock includes a total of 4 people but they say they have a team of experts. Robert Mao, CEO stated that it is their strategy to keep their minds from being distracted by social media so they can focus on the project.
- They listed IBM and SAP (among others) as partners. We all know the value relationships with IBM are: XLM (Stellar - by Elon Musk). I also asked them about this. They claim that they are "IBM Business Partners" and "Blockchain's Coinnovation Partners with SAP". From what I gather, an "IBM Business Partner" to them, simply IBM customers.
----------
Here is a user named "mave99a" who claims to be the founder of Arcblock to answer questions raised as follows:
- ArcBlock is NOT an open source project, nor is it developed by volunteers, we build it with the commercial software development process that I have many years of experience.
- Our platform is a pretty big challenge: we do not build a new blockchain, instead we are building a new computing platform for developing blockchain applications. (So block chain 3.0 is simply an old chain block application?)
- Almost all the members and mentors have a relationship with me. For example Flavien is my friend in Microsoft Europe. Justin is a Microsoft co-author and co-author of one of Bill Gate's best-selling Think ...
----------
+ The user named "playaz3" questioned:
- Can you explain why admins / mods in your group use fake images from instagram and avoid any questions about the above issues?
+ The user named "UpBoatDownBoy" asked the question:
- Hey, can you answer the business partner question?
- The user "mave99a" (founder of the Arcblock project) replied:
We have just become a member of IBM PartnerWorld, and as in the White Paper, we plan to support IBM Cloud (Bluemix) in the future. We have also become part of the SAP co-owner blockchain program.
- User "nfuckinsane":
Do you have documentation to prove this?
- The user "mave99a" (founder of the Arcblock project) replied:
Yes, however we will not release it. The agreement between us and our NDA partners. We can jointly clarify here, but we will not post those materials here.
- User "Ali13196":
Partnerships have no meaning at all - anyone can get involved in this kind of partnership!
----------
+ User "UpBoatDownBoy":
Does this mean that it's not a collaboration in the traditional sense, like between IBM and Facebook, that Arcblock is simply an IBM customer?
+ The user "mave99a" (founder of Arcblock project) replied:
- As a person with many years of experience in large companies, I know the establishment of partnerships with large corporations is not difficult as many people think.
However, we are still too young to establish a strategic partnership like facebook at this stage, but we will try to achieve it after we become bigger.
+ User "Ali13196":
- So you want to make money first, then find partners?
(Question too !!!)
1) Arcblock claims to have partnerships with big companies like IBM and SAP - meanwhile there is no evidence of this anywhere to be found; the community admins on their telegram refuse to answer the question that is continuously asked of them: 'Arcblock claims to have partnership with IBM and SAP but there is no reference to these partnerships or any other on the net, please clarify.'
2) Arcblock has no code on Github
3) Lack of technical development roadmanp
4) Whitepaper keeps telling you to refer to something else which is non-existent
5) how will they prevent SIBIL attacks if the devs pay the “gas fee”?
6) No mention of a lockup period for their coins.
They want $40mill for a project that has 0 foundations
Justin Tomboulian - is not the Microsoft CIO of Japan; if he were ever, his career there ended in 2013.
The team all have a track record for starting businesses that do not go far; this is not necessarily a bad thing - but are they just jumping on the bandwagon?
---------The user "bustitout" poses some questions---------------
- On LinkedIn, ArcBlock includes a total of 4 people but they say they have a team of experts. Robert Mao, CEO stated that it is their strategy to keep their minds from being distracted by social media so they can focus on the project.
- They listed IBM and SAP (among others) as partners. We all know the value relationships with IBM are: XLM (Stellar - by Elon Musk). I also asked them about this. They claim that they are "IBM Business Partners" and "Blockchain's Coinnovation Partners with SAP". From what I gather, an "IBM Business Partner" to them, simply IBM customers.
----------
Here is a user named "mave99a" who claims to be the founder of Arcblock to answer questions raised as follows:
- ArcBlock is NOT an open source project, nor is it developed by volunteers, we build it with the commercial software development process that I have many years of experience.
- Our platform is a pretty big challenge: we do not build a new blockchain, instead we are building a new computing platform for developing blockchain applications. (So block chain 3.0 is simply an old chain block application?)
- Almost all the members and mentors have a relationship with me. For example Flavien is my friend in Microsoft Europe. Justin is a Microsoft co-author and co-author of one of Bill Gate's best-selling Think ...
----------
+ The user named "playaz3" questioned:
- Can you explain why admins / mods in your group use fake images from instagram and avoid any questions about the above issues?
+ The user named "UpBoatDownBoy" asked the question:
- Hey, can you answer the business partner question?
- The user "mave99a" (founder of the Arcblock project) replied:
We have just become a member of IBM PartnerWorld, and as in the White Paper, we plan to support IBM Cloud (Bluemix) in the future. We have also become part of the SAP co-owner blockchain program.
- User "nfuckinsane":
Do you have documentation to prove this?
- The user "mave99a" (founder of the Arcblock project) replied:
Yes, however we will not release it. The agreement between us and our NDA partners. We can jointly clarify here, but we will not post those materials here.
- User "Ali13196":
Partnerships have no meaning at all - anyone can get involved in this kind of partnership!
----------
+ User "UpBoatDownBoy":
Does this mean that it's not a collaboration in the traditional sense, like between IBM and Facebook, that Arcblock is simply an IBM customer?
+ The user "mave99a" (founder of Arcblock project) replied:
- As a person with many years of experience in large companies, I know the establishment of partnerships with large corporations is not difficult as many people think.
However, we are still too young to establish a strategic partnership like facebook at this stage, but we will try to achieve it after we become bigger.
+ User "Ali13196":
- So you want to make money first, then find partners?
(Question too !!!)
I have tried to buy ABT ICO but could not because it was sold too quickly. A day later, the ethereum I sent to them were refunded to my wallet. The scammer does not work like that. I have strong belief for this coin and would buy immediately if I could.
Arcblock ICO sold out in minutes just now.
As far as the ICO is concerned, it went well. The progress is transparent.
Since our personal cap is 3ETH, I'd like to have a try.
As far as the ICO is concerned, it went well. The progress is transparent.
Since our personal cap is 3ETH, I'd like to have a try.
Would you set a personal cap on a scammy project? No way, you want as much as possible from everyone on such a case.
If you give me 300 million USD, i'll give you a paper with some black text on it, a wordpress site, and create a telegram channel with 40k bots too. NP, lets begin ScamBlock 3.0 ICO right now
You don't need 300M USD, in fact you need less that 1 M, what the f*ck, just hand me 10k and I can do that myself. But what you can't fake is having a real and verifiable team behind, investors and advisors + all the signs of being legit.
This project is overhype. And their bounty program most likely allow newbie which i see as a spam. They maybe reach their ICO goal but i'm skeptical that this could be a huge money grab from them. Their project being not OPEN SOURCE is a big red flag.
Agree. I search google for them and there are tons of red flags and it is not looking good at all. Probably a scam ar at least project with no future.Dear newby user, could you point out those "tons of red flags" , whatever a red flag means for you. (hint: a red flag is not a scam sign , is just a clear flaw in the business proposition).
there is one big argument that arcblok is a scam, because it's necessary to send an aether to an Iso not to the address of a smart contract, but to many different addresses that are issued in a personal account to users
did not even bother to make a smart contract
did not even bother to make a smart contract
It is fine not to trust that method, but it is not a proof of a Scam. Look for other stuff because scams usually have more that one tell tale sign.
This project is overhype. And their bounty program most likely allow newbie which i see as a spam. They maybe reach their ICO goal but i'm skeptical that this could be a huge money grab from them. Their project being not OPEN SOURCE is a big red flag.
Agree. I search google for them and there are tons of red flags and it is not looking good at all. Probably a scam ar at least project with no future. 
This project is overhype. And their bounty program most likely allow newbie which i see as a spam. They maybe reach their ICO goal but i'm skeptical that this could be a huge money grab from them. Their project being not OPEN SOURCE is a big red flag.
if scam why is exchanger like etherdelta partnership with him? , it seems if I think this project is not a scam
This is crypto mate. Partnership with etherdelta does not mean anything.
The only to prove wheater they scam or not is building partnership with real merchant and not only with the same company in crypto.
It's very interesting of course, but I think that all this is just rumors until some kind of evidence is provided, so for now all this is just talk and gossip. I'm not a supporter of the project, I'm just for justice
I didnt participate in the ICO cos I think its very likely to be a scam.
But the ICO sold out within 1 hour lol.
Good luck to those participated, I guess they still can make money in short term by selling it to those who missed out from the ICO, then the coin will drop.
But the ICO sold out within 1 hour lol.
Good luck to those participated, I guess they still can make money in short term by selling it to those who missed out from the ICO, then the coin will drop.
same goes for most icos ... 90% are full of shit.
Look for real projects with real proven devs that have the correct skill set to launch a crypto project.
bitbay
blocknet
byteball
pivx
komodo
seeking new icos to make you huge returns will cause you to do far worse than finding real projects that are way below comparable market value
Look for real projects with real proven devs that have the correct skill set to launch a crypto project.
bitbay
blocknet
byteball
pivx
komodo
seeking new icos to make you huge returns will cause you to do far worse than finding real projects that are way below comparable market value
Unfortunately, it may turn out that even with full of scam, this project, around which a lot of hype, will bring profit to its investors, but nothing will happen later ... ETH just flow from one pocket to another.
You have a good project there, I mean look how big bitconnect got and that project was a scam to begin with.
Arcblock ICO sold out in minutes just now.
As far as the ICO is concerned, it went well. The progress is transparent.
Since our personal cap is 3ETH, I'd like to have a try.
As far as the ICO is concerned, it went well. The progress is transparent.
Since our personal cap is 3ETH, I'd like to have a try.
I'm wearing the ArcBlock signature so as you can imagine I'm not too happy to read those red flags concerning ArcBlock. It's true the admins on Telegram are using fake names and profiles. On one hand this is crypto and we should be accustomed to anonymity (who is Satoshi Nakamoto?) on the other hand we didn't have to pay Satoshi Nakamoto to receive Bitcoin in an ICO, but ArcBlock are trying to convince people to invest millions. Hiding behind photos from professional models isn't a great way to earn trust.I hope most of the red flags can be removed soon. 
That does suck, but that why you do your research. This year is kind of funny because it turning out all these ICO are scams.
same goes for most icos ... 90% are full of shit.
Look for real projects with real proven devs that have the correct skill set to launch a crypto project.
bitbay
blocknet
byteball
pivx
komodo
seeking new icos to make you huge returns will cause you to do far worse than finding real projects that are way below comparable market value
Look for real projects with real proven devs that have the correct skill set to launch a crypto project.
bitbay
blocknet
byteball
pivx
komodo
seeking new icos to make you huge returns will cause you to do far worse than finding real projects that are way below comparable market value
Unfortunately, it may turn out that even with full of scam, this project, around which a lot of hype, will bring profit to its investors, but nothing will happen later ... ETH just flow from one pocket to another.
there is one big argument that arcblok is a scam, because it's necessary to send an aether to an Iso not to the address of a smart contract, but to many different addresses that are issued in a personal account to users
did not even bother to make a smart contract
did not even bother to make a smart contract
Might have to take a second look on Arcblock then.
Arcblock is a popular ICO project, and its telegram group has a large number of people.
But Arcblock also has a certain problem, your post is a good post.
I just found Arcblock at Bitcointalk forum and there's a lot of Newbie posts saying that they want to invest in Arcblock, and I think these posts are just Arcblock's advertising
But Arcblock also has a certain problem, your post is a good post.
I just found Arcblock at Bitcointalk forum and there's a lot of Newbie posts saying that they want to invest in Arcblock, and I think these posts are just Arcblock's advertising
Most likely they are. ICO launchers have figured out by now that having a large telegram group is something that looks good for investors, as they assume it means that the demand will exceed the supply. They are currently following different strategies, being the most common spaming the forum all over and Airdropping in exchange for joining the telegram channel.
So... if you are an investor, wise up and learn to tell the difference between true growth and crappy marketing.
Arcblock is a popular ICO project, and its telegram group has a large number of people.
But Arcblock also has a certain problem, your post is a good post.
I just found Arcblock at Bitcointalk forum and there's a lot of Newbie posts saying that they want to invest in Arcblock, and I think these posts are just Arcblock's advertising
But Arcblock also has a certain problem, your post is a good post.
I just found Arcblock at Bitcointalk forum and there's a lot of Newbie posts saying that they want to invest in Arcblock, and I think these posts are just Arcblock's advertising
---- Ali13196----
1) Arcblock claims to have partnerships with big companies like IBM and SAP - meanwhile there is no evidence of this anywhere to be found; the community admins on their telegram refuse to answer the question that is continuously asked of them: 'Arcblock claims to have partnership with IBM and SAP but there is no reference to these partnerships or any other on the net, please clarify.'
2) Arcblock has no code on Github
3) Lack of technical development roadmanp
4) Whitepaper keeps telling you to refer to something else which is non-existent
5) how will they prevent SIBIL attacks if the devs pay the “gas fee”?
6) No mention of a lockup period for their coins.
1) Arcblock claims to have partnerships with big companies like IBM and SAP - meanwhile there is no evidence of this anywhere to be found; the community admins on their telegram refuse to answer the question that is continuously asked of them: 'Arcblock claims to have partnership with IBM and SAP but there is no reference to these partnerships or any other on the net, please clarify.'
2) Arcblock has no code on Github
3) Lack of technical development roadmanp
4) Whitepaper keeps telling you to refer to something else which is non-existent
5) how will they prevent SIBIL attacks if the devs pay the “gas fee”?
6) No mention of a lockup period for their coins.
1) Arcblock claims to have partnerships with big companies like IBM and SAP - meanwhile there is no evidence of this anywhere to be found; the community admins on their telegram refuse to answer the question that is continuously asked of them: 'Arcblock claims to have partnership with IBM and SAP but there is no reference to these partnerships or any other on the net, please clarify.
A Partnership does not mean an Strategic Partnership.
2) Arcblock has no code on Github
It is not an open source project. See the FAQ: "Is ArcBlock an open source platform? ArcBlock is NOT an open source platform"
3) Lack of technical development roadmanp
There is, here https://www.arcblock.io/. Just scroll the web page!
4) Whitepaper keeps telling you to refer to something else which is non-existent
And you are referring to "something else" so there is no way of proving nor disproving the argument.
5) how will they prevent SIBIL attacks if the devs pay the “gas fee”?
By using the gas fee. Is not a public blockchain.
6) No mention of a lockup period for their coins.
CEO recently clarified that they are vested for 2 years.
Now... please, before FUDing take at least the time to scroll a page and understand the project.
Jump to: