Topic: YOBIT SCAM: x10 Banner Promoters Will Be Tagged For Promoting a Ponzi Scheme - page 6. (Read 2413 times)

I wouldn't call 0.1% per day very low. That's 44% in a year! That money has to come from somewhere, and I'm pretty sure it's not coming from Yobit's pockets.

I just checked your feedback. It appears blurryeyed has kindly revised his feedback to neutral so you no longer have negative trust.

I made essentially the same points in a post last week: https://bitcointalksearch.org/topic/m.53654366. The InvestBox does actually do what it says on the tin, and they do pay out the promised 10% interest. They can claim that the inevitable loss of investors' money is simply due to poor market conditions, and your investment (as measured in X10 or whichever fake token you have chosen) is technically "100% safe". It's only your bitcoin which will be lost forever. The whole thing is set up very smartly to protect itself from scam accusations, which for me makes it even more scammy/scummy than an "honest" HYIP like a bitcoin doubler.

Read the posts of mine the JollyGood has linked to above. These coins don't even exist and can't be deposited or withdrawn. They are not cryptocurrencies. They are entirely made up numbers on YoBit's servers.
   
Scams are not moderated, and so there will never be an "official" statement regarding this from forum staff. (I assume that is what you are asking for.)

Please see the following thread for a thorough debunking of this argument: https://bitcointalksearch.org/topic/why-i-am-temporarily-wearing-an-unpaid-unsolicited-chipmixer-signature-ad-5214200.

No, it isn't. Trust is not moderated.

First of all, thank you for removing the x10 banner.

Second, if you can say whole-heartedly with a clear conscience that you really dispute that the Yobit x10 scheme is not a scam then I have to apologise.

Sadly, it would mean myself (and any other users that are trying to protect newbies and gullible investors/users from getting their funds effectively stolen by Yobit) have failed in articulating  enough evidence to convince you. Unfortiunately, if I (or others) have been unable to change your view or convince you it should not be a reason to stop wanting to protect potential victims. Therefore while you claim it is not scam, I claim it is a scam and the cycle would usaully continue but no longer.

The action taken by some members to tag all users showing Yobit banners started some weeks ago but has evolved to this stage gradually, I hope members will start protecting the integrity of this forum.



I hope the following post (which was incidentally linked above) you can see for yourself just one of the reasons why Yobit is a scam. The case made has been expressed in excellent fashion by o_e_l_e_o:


If that is not helping to convince you and you have already seen various posts and threads but are not viewing Yobit as a scam then I request other far more learned and respected members to kindly contribute here in a manner that might be more beneficial in that maybe Bezobraznike will be able to understand because I am clearly lacking in expressing myself.




Please forgive me, I should have replied to the first post you made in the thread.

Based on that alone I feel that you getting tagged was somewhat harsh but as TryNinja pointed each user has their own interpretation of the threshold for what constitutes the reason for leaving negative trust. I have sent a PM to blurryeyed asking him to kindly reconsider the tag because I should have replied to you so part of the blame lay with a misunderstanding, I made a mistake and overlooked your post because examplens posted a reply to you captured everything appropriately. Maybe you missed it. Either way I am sorry for what happened.

Wow, first time I hear someone using this falacy without knowing what they are talking about ^/s. Let me guess, you also think VPNs are only for criminals and that you don’t have anything to hide, am I right?

A quick read for you: Chainalysis: Most Mixed Bitcoin Not Used for Illicit Purposes

It is not.

Oh dear, only if you knew how much I read in this forum VS how much I post.

   You are promoting a mixer. And it's well known that mixers are used by
criminals and scammers! They mix their coins obtained by illegal activities.
   Tagging someone without a valid reason is against the forum rules. Tagging
just some users that participate in promotion is like attack on these people not on service.
    You made a post and you got paid for that. You didn't try to read a topic and give
your opinion about entire situation, you just wanted to join a mob and get paid for that.



   I'm not angry, I just don't like double standards. Today this happened to me,
tomorrow same will happen to you.
    And it's weekend, I'm free next 2 days. I can spend some time here and maybe I
will learn something.

You are referring to blurryeyed right? I doubt if he's even a friend of JollyGood. AFAIK, he has been tagging anybody who wears a yobit signature since time immemorial... You should probably take the anger to him though i doubt he will change his mind and it's not worth it.

Just be glad that JollyGood decided not to do the tagging since the campaign is ending, Just move forward rather than keep dragging on. It does no good  

There is nothing wrong about tagging someone for promoting a service that promises 10% profit a day and its based on a fictionary token. This isn’t a court of law. You are free to disagree just like he is free to think these users deserve a tag. If you or other users disagree, they aree free to ~ him on your trust list, but he doesn’t need to act only when there is an 100% undoubtable scam.

    Again your topic, but still you didn't convince me in anything. Coins that go up
and down same as other crypto-currencies, some rules and requirements for
people who wish to use Yobit invest box. Every service has some requirements,
you can't say something is a scam just because you don't like it.
  
   And how fair are you? I asked is it official? You didn't provide an answer but your
friend hurried to tag my account. Shame on both of you!

"courteous requests"

I.E. do what we tell you "or else". Sounds legit.

Thank you bringing that up figmentofmyass.

What you mention deserves a definitive answer even though the justification for not tagging all Yobit promoters has been mentioned in many places.

Therefore making true on my word and providing an update much sooner than anticipated I can say that I was on the verge of starting to tag all users that display any Yobit banner (providing they received kind courteous requests to remove the banner) and the debate was going to continue about what other DT members would do but thankfully Yobit will end their campaign in this forum on 27th January 2020 so tagging other users will not be of relevance now.

   It's just a campaign, but can you explain me where this hate comes from? Can you
explain me why I am punished for?
   I never had any reason to think that Yobit is a scam, I still don't have. I did some
research, but I'm not an expert, I read what others wrote, I compare that and I make
conclusions. I checked the history of Yobit on this forum and I didn't see anything important. This exchange operates longer than I know for crypto-currencies.
   Bullies should be banned from this forum.

I cannot find the specific posts logfiles referred to but these are an indicator of what the Yobit x10 is, hopefully the information in just 3 links will suffice:

https://bitcointalksearch.org/topic/m.53670926
https://bitcointalksearch.org/topic/m.53650350
https://bitcointalksearch.org/topic/m.53684110

is this characterization as a ponzi based on the idea that the promised returns are unrealistic?

i took a closer look at the "investbox". coins like DOGE and BTC yield very low interest like 0.1%. it's only the fake coins printed by yobit (like X10) that are paid HYIP-like returns. this leads me to believe that it's not really a ponzi per se because yobit can just keep printing fake coins to satisfy their investment obligations. it's actually an interesting loophole that sort of makes it not technically a scam.

they are basically promising people useless monopoly money, and they are following through on that promise. they are definitely fleecing greater fools, but then again, so is ripple labs---they printed the XRP supply out of thin air, took possession of most of it, and they just endlessly dump it all on greater fool investors. that's basically what yobit is doing: inventing fake coins, printing them at insane inflation rates to ("honorably") pay out HYIP rates, and letting greed take its course.

my point is this: the above scheme is a weak basis for red tagging advertisers. if you want to go after yobit, it should be because of their established practice of permanently keeping wallets in "maintenance", which effectively steals coins from their customers. this is a well known practice and its been happening for years.

the problem, of course, is that declaring yobit itself a scam makes your plan in the OP inconsistent. the negative tags (which IMO are overkill but we can table that discussion) should apply to all their advertisers, not just a small handful.

Actually I was wondering kind of the same thing--I thought I'd read most, if not all, of the recent threads dealing with Yobit and I don't recall anyone giving that kind of evidence.  Could be that I missed it, so if someone can point to the thread where the calculations were done I'd greatly appreciate it.  

Glad to see the campaign ending, by the way.  Hopefully the drama surrounding it will die down fairly quickly.

Edit:  Oh wow, I did miss all of those posts, thank you JollyGood.

    What? You are telling me that someone made some calculations that investor's are losing money, but there's no
complaints from investors? Can you show me that calculations and complaints from investors who lost money?

He is not "thinking" that it's scam... the X10 model being advertised is actually scam as people who invested from the time it was advertise are already in losses by now.

You should probably take you time read threads created against that new yobit promotion instead of blindly defending them. Some members even took time to make calculations that show loses to investors.

  It's not fair! You tag people just because you think that Yobit is a scam, but you
don't have any argument or proof for that.
   Their campaign is ending in 3 days, I don't see a need for this bullying.

The 24 hours given as a courtesy are up, the following users did not change their Yobit x10 signatures therefore have been tagged for promoting a ponzi scheme:




UPDATE: 25th January 2020 (Obito has had the tag removed as was not aware of the kind courteous request to remove the Yobit x10 banner. Thank you Obito for removing it)