Cryptocurrency Daily Discussion Megathread - October 31, 2018 |
- Daily Discussion Megathread - October 31, 2018
- Coinbase Worth $8 Billion, Will List ‘Hundreds of Tokens
- $60M ICO SCAM, uncovered serial perpetrators and credible evidence of money trail to Europe. How and where do I report it to ensure a investigation happens?
- 4 months ago /u/itslevi predicted that a cryptocurrency called Oyster was a scam, even getting into an argument with the coins anonymous creator "Bruno Block". Yesterday, his prediction came true when the creator sold off $300,000 of the coin by exploiting a loophole he had left in the contract.
- JPMorgan to Tokenize Gold Bars on the Ethereum Network.
- TED talks just uploaded a video about ICOs & cryptocurrency to 11 million subscribers
- Uganda Becomes First Country in Africa for the Binance Fiat-Crypto Exchange Launch
- Bruno has spoken
- Scam Alert: Substratum has a similar minting contract like Oyster pearl, even worst they have access to supposedly burned tokens.
- CoinGate and CoolBitX join forces to allow direct cryptocurrency payments on its website
- Monero users: It is important you upgrade ASAP
- Thanks to some of the largest companies in the world including IBM, Microsoft, and Mastercard, Blockchain investment is expected to grow at an annual rate of more than 80% through 2021. There are a few ways companies can choose to reach the masses and make blockchain more than just a buzzword.
- Happy birthday Bitcoin! ��
- $300 Million Investment Pours Into Coinbase As $8 Billion-Powerhouse Plans to Add Hundreds of Cryptocurrencies
- VerusCoin Successfully Activates Sapling with New Improvements to Wallet, Sapling Enabled Electrum Server…
- IoTeX was invited to teach "Blockchain Technology and Applications” course, as a part of a Master of Science program offered by University of Nicosia, the largest university in Cyprus. The course goes live today and is also available via distance learning!
- Happy 10th Birthday to the Bitcoin On this day in 2009 satoshi nakamoto introduced white papers of world’s first Cryptocurrency "Bitcoin" to the world. Poster layout by Pascal Boyart.������
- VeChainThor (VET) Based OceanEx Exchange to Start Alpha Testing in November
- Ukraine: New Policy will Legalize Cryptocurrencies
- Bank of America wins a patent for a device that stores cryptographic keys
- Emergent centralization due to economies of scale – Colin LeMahieu
- A small reason why I can't wait for Cryptocurrencies to replace banks
- Shady behavior from Groestlcoin (GRS) developers. ASICs have appeared on the network, and are for sale. Once promising ASIC resistance, the Groestlcoin website has removed all mentions of promising ASIC resistance.
- Ron Paul, Former US Rep, Says Crypto Shouldn't Be Taxed
- It took credit cards ~ 20 years to get 80% adoption in the US. In 2028, I have a feeling we'll be celebrating Bitcoin's 20th with a whole lot more crypto enthusiasts
- Oyster PRL' Bruno calls Cryptocurrency ponzi scheme
| Daily Discussion Megathread - October 31, 2018 Posted: 30 Oct 2018 10:50 PM PDT Welcome to the Daily Discussion Megathread. Please read the disclaimer, guidelines, and rules before participating. To see the latest Weekly Skeptics thread, click here To see the latest Weekly Support Discussion, click here
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| Coinbase Worth $8 Billion, Will List ‘Hundreds of Tokens Posted: 30 Oct 2018 01:55 PM PDT
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| Posted: 30 Oct 2018 06:38 PM PDT Feel like I'm in a Hitchcock movie… All started by trying to find out whats happening to a bad ICO investment and it points to what looks like network of criminal activity. I dont want to be involved but feel I better get the proper authorities to take this seriously and put these criminals where they belong. Really looking for any help or advice what to do. ACChain and Puyin Coin were ICO scams from China. They took > $60M USD (some estimates $100M+) of investor money, 6 arrests were made in Shenzhen China earlier this year, and most associated people disappeared. This was reported in Chinese media as Puyin Coin but the connection to ACChain wasn't made clear and it didn't get picked up outside China. Some links (google translate does an OK job) http://www.xinhuanet.com/fortune/2018-07/11/c_1123112514.htm http://www.gov.cn/xinwen/2018-04/25/content_5285740.htm http://finance.sina.com.cn/money/bank/bank_hydt/2018-05-16/doc-ihapkuvm6421288.shtml
Some not too bright or super greedy members of the project tried to keep the ACChain part of scam going even after the exit and arrests presenting on social media as everything is cool and while the old dumster is still smokin' they are even trying to roll out a third new scam and clearly have money coming in. https://blockchainlive.com/exhibitors/biolifechain/ https://unblockedevents.com/events/healthcare-unblocked/ Genevieve Leveille and Serena Yin(admitted in own response and validated as the actual people and this is not a Doxing because they put their own names in the post and website etc) Leveille and Yin took control of the ACChain project around January 2018 around the time the original management fled but prior to the China arrests. http://news.fx168.com/qiye/1706/2288644.shtml https://twitter.com/biolifechain?lang=en https://bitcoinandblockchainfair.com/2018-speakers/ Leveille has widely claimed on social media and at blockchain events to have raised $23M into a new related venture called Biolifechain.io. The detail of biolifechain would never justify even a $2M presale so it was either a lie or part of a scheme to launder some of the ACChain or Puyin Coin missing funds. https://www.biolifechain.io/team Leveille set up 3 new UK companies plus one in the tax haven of Jersey, and information suggests a number of others in Switzerland, Hong Kong and probably elsewhere. These new companies were all set up at around the same time China police were investigating and making arrests https://www.jerseyfsc.org/registry/documentSearch/NameDetail.aspx?Id=363553 https://beta.companieshouse.gov.uk/company/11135324 https://beta.companieshouse.gov.uk/company/11159484 https://beta.companieshouse.gov.uk/company/11116015 My original intention was to publish all the details we found online as a warning but the more I uncovered about this pair the more it looked like serious criminal activity that warrants a federal investigation probably in multiple countries. On top of obvious fraud and securities violations it seems to involve money laundering and tax evasion. I think it needs to be looked at urgently while they are still pushing that latest scam. No expectation of investors getting anything back but just stopping more people getting ripped off would be cool. Leveille, Yin and a group of their supporters (being investigated now and soon to be named and shamed) are also clearly not satisfied with what they took so far and are starting and participating in at least 9, yes NINE other ICO scams. I'm not sure who or where (8 possible locations) to report this and really need local legal advice... PLEASE HELP! 1- Genevieve Leveille and Serena Yin both appear or appeared to live, work or study in the UK at least partially, and Leveille is a director of many UK companies and two ICO's and has addresses there. Doubtful they pay tax anywhere but UK should want to look at their tax. 2- Serena Yin appears to be Chinese national and the biggest scams were original China based. China police (Nanshan District, Shenzhen and later Beijing) are already be engaged and made arrests but our PI advised us with that amount of money Police may have likely been paid to turn a blind eye for some perpetrators. 3- There is a potential money trail leading to Jersey (UK, not NY one) and a company called "ACChain Technology International Services" and Genevieve Leveille uses a number of Jersey addresses so may live or work there. There also appears to be legal action against Leveille in Jersey based on a notice in Jersey papers 4- Genevieve Leveille claims a US passport holder or citizen and many things she did are crimes in the states but we have nothing to link her to a US address, no credit history or employment. She put Columbia University on linkedin but could not be verified or find any photo or anything so probably faked. 5- There are lawsuits against Genevieve Leveille in Singapore and two of her latest ICO Scams appear to be based in Singapore and there were notices in singapore papers too 6- Many of the ACChain and Biolifechain related companies link back to Hong Kong 7- One of her ICO's seems to be Nigeria based and shes supposed to be from Nigeria but everyone knows the Nigeria police wont do shit. 8- The biolifechain ICO has many links and references to Switzerland and there have been a few pointers of money movement there. All this has been uncovered with just a few grand for a private Investigator, a bit of searching and many tips from people that read the thread and chipped in. We probably only see the tip of the iceberg and there may be many more scams and ICO's to find with a more effort. Full BackgroundFull disclosure, I got eyes on this shitshow because I invested a few grand in ACChain during the ICO phase mid 2017. I invest in a bunch of ICO's lost that sort of money a dozen times I would normally not give a shit. I took a close look of this first because of the fucked up responses they gave on Telegram when the project clearly had stalled or something wrong. Normally an exit scam completely disappear and a failed project will admit some difficulty. This was different. In July got invited to a private group of pissed off investors who showed evidence that valid questions were being censored and users blocked. It was clear something was getting covered up. Since January 2018 it could be clearly seen in GIT (the public source code repository) that no development was going on, the team listed on the website apart from Leveille had not been seen or heard of in public for months, but social media kept posting that the project was still going strong and claiming faked awards and other stuff. There was no mention of anyone leaving, any trouble, hacking, nothing.They always said "there will be a new release in a few weeks the developers are hard at work" but this shit went on for over 6 months and you could see its a lie because nothing in GIT and nobody trading it. What really pissed me is the arrogant and dismissive way Leveille and her admin Robin dealt with investors. Frequently deleting critical posts and in one case referring to someone that asked questions as "he is a small little man who should not have invested what he could ill afford to loose". Well fuck that attitude when you're living high off the guys money, so in June I dropped a few grand to get a Hong Kong PI to find out what really happened. The PI connected Puyin Coin owners directly to ACChain via a string of China and HK companies, found the offices which were hastily evacuated got photos, got a bunch of other details on the original team and other evidence clearly showing it all to be a multi part scam. Can read a lot more detail in the other posts. The PI did warn us that they were threatened by mafia like people in the course of this investigation. There is well over $60M USD taken so it is very likely some people they do not want to be uncovered and may have bribed China police already. The PI seriously advised us and the other investors to remain anonymous and avoid China. Consider the threats to be very serious even life threatening and this comes from a proper PI. I shared some the information I had with the investors and posted on reddit and then things got interesting… https://www.reddit.com/r/CryptoCurrency/comments/94hoqb/acchain_office_photo_exit_scam/ When the first empty office photos were posted (which are exactly the register China company offices) the ACChain Telegram admins (Wallace and Robin) tried to claim it was all FAKE NEWS and strongly insisted that the project was still going but could not substantiate a thing they said. When investors quizzed the ACChain social media team they were evasive or just blocked or censored the investor. This was so fucked up because they were clearly caught red handed, but they kept trying to keep the scam going for unknown reasons. Days later under pressure to give any evidence they finally posted old photos of the development team "at work" as their "proof". Turned out (own admission) the social media team had never been to China or seen the actual office, they just got paid by Leveille and Yin to keep the social media going and had no connection to the devs or anyone. In the photo, our PI identified one former employee that they had interviewed in person, she had left ACChain in 2017, so the photo they were using as "proof" was old and proved the opposite. They were trying too hard to keep the cover up. Investors challenged the ACChain team to refute any of this with real evidence and they always got censored or blocked. ACChain were asked to post a video or anything to back up their story which would be so fucking easy if anything they said was true. The photos of the scammers and more of the details the PI dug up were then posted on reddit and got a lot of attention and thousand plus upvotes. https://www.reddit.com/r/CryptoCurrency/comments/95kqvh/acchain_exit_scam_blacklist/ Then rather than disappear Genevieve Leveille doubled down again… ACChain posted a hurried 'explanation' on medium on August 10 and paid for it to be republished on a few blockchain websites, they try to say the details posted on reddit were factually incorrect and they tried to put up a cover story. But they gave no evidence other than a story, and if what they say is true it would be so easy to back it up with evidence. https://medium.com/@ACChain/acchain-statement-c812b201882 https://twitter.com/GinouInLondon/status/1027979409763061761 Leveille posted on twitter and even said this "#Vote up this article #help put to #shame #cowards get the #truth-out" This explanation was transparent as fuck. It was immediately debunked and only sunk them deeper. A cover story intended to fool anyone that didn't know the real ACChain history. 1- claimed
management changed and Genevieve Leveille and Serena Yin claim they were brought in to lead the global development strategy.Obvious coverup because there was no mention of any restructure at the time in January. All through 2018 they claimed the opposite. the key people were due at events (no evidence) and team were still at work (with no updates on GIT)So this is perhaps the only explanation they could make up after the scam was exposed. If it was a restructure then why not get the original team to announce it, oh yeah because they're in Jail or hiding from police. 2- claimed
and they were investigating and refunding coins.This was never admitted back in April, so if it did happen they covered it up for 3 months. A lot of people on telegram did claim missing coins but they did not get any explanation and the questions were censored or deleted. The way coins were taken clearly pointed to an inside job as it had access to wallet keys, so it was probably the original team coming back to raid the coffers or Levelle and Yin taking it themself. 3- Claimed
This is not possible. Hundreds of thousands voting has NEVER happened in a blockchain competition. Why would a largely unknown coin get so many votes? Obviously, they paid for the award or used bots or a script to cheat the system.Either way trying to validate themselves with this and the IDAXC was clearly desperation. 4- Claimed
Which turns out to be a non-existent organization with website under construction. http://idaxc.org/Why post a fake organization as validation when you're trying to clear your name? http://cryptonews.ovh/acchain-releases-a-statement-deny-any-wrong-doing-blame-fake-news/ If you google ACChain you see that most of the media picked up the real story and exposed the scam, except ONE https://medium.com/@regit000/acchain-fud-attack-reveals-cannibalistic-nature-of-reporting-in-the-crypto-space-ae5b3a28bb68 Based on the fact that he shilled them before and knows the real background this one conrary post by Bob Welldon would indicate Bob is complicit in the SCAM or intentionally helping them cover it up. He seem to be assisting them in other ways too. A few days after posting on medium all communication from ACChain stopped. It appears the social media team finally figured out they we're being scammed too. What all the investors and now the crypto world could not understand is why after the scam had clearly been uncovered did Genevieve Leveille and Serena Yin go to such effort to try to keep the scam going. Thanks to the original telegram article a lot of people helped answer that too. Genevieve Leveille is involved in at least 9 other ICO scams and she is flying around the world speaking at events pushing them as much as possible. It suggest she is trying to cash out all these other scams as quickly as she can before the ACChain story and her history gets too widely known. She may be a few months away from disappearing forever back to Nigeria or wherever so got to get her investigated quick. https://cdcctop.io/team - Genevieve Leveille - Founder https://www.biolifechain.io/team - Genevieve Leveille - CEO this seems to be the big one. https://www.discoverer.me/en/index.htm - - Genevieve Leveille - COO https://www.btcdsc.com/dsc.pdf - Genevieve Leveille - Project Consultant https://decentralized.id/ - Genevieve Leveille – CEO (removed in Jan 2018) https://www.bitnavigator.org/en/index.htm - Genevieve Leveille - COO https://showhand.io/ Genevieve Leveille - Advisor http://www.hcmcoin.online/ Genevieve Leveille – Advisor https://titaproject.io/ Genevieve Leveille – Advisor https://themis.network/en.html Genevieve Leveille - Advisor Most of these are scams they have not raised significant amounts and done nothing. Themis has some real technology and seems to be raising tens of millions and there is the feel of ACChain about it. Themis refused to comment about how deeply involve Leveille and got evasive about her involvement then removed reference to her. Themis might be the legitimate one of the 9 but this should be enough to avoid them. Themis just removed all the adviser names from their whitepaper so maybe a way to quietly distance themselves from Leveille. The waybackmachine never forgets though. The PI could find little background information on Serena Yin like a ghost they said, Genevieve Leveille appears to have a history of scams and crime long before she became involved in ICO scams. The PI found newspaper notices regarding legal action for IP violations and securities fraud in papers in Singapore, UK and Jersey from July to September 2017. A person claiming to be her former co-worker from a bank in the UK said that around October 2017 Leveille was desperately trying to borrow money from anyone to her to pay legal costs claiming she was victim of people ripping her off but soon she was coming into big money. A few months later she was living the high life and pretty clear she learned how to do ICO scams. Leveille is supposed to be a US Citizen of Nigerian origin. Leveille frequently still claims to be founder of UK company 0tentic8 Ltd which Leveille and a partner Duane Gafoor of Hong Kong incorporated in December 2016 and dissolved in August 2017. https://beta.companieshouse.gov.uk/company/10539052 Despite having dissolved 0tentic8 Leveille still claims everywhere to be "CEO 0tentic8" or "CEO AgriLedger" in her profile and at events (Seems she left AgriLedger in 2016) http://news.fx168.com/qiye/1706/2288644.shtml https://twitter.com/biolifechain?lang=en https://bitcoinandblockchainfair.com/2018-speakers/ https://www.smartiotlondon.com/speakers/genevieve-leveille https://blockchainlive.com/speakers/genevieve-leveille/ [link] [comments]  | ||
| Posted: 30 Oct 2018 07:39 AM PDT | ||
| JPMorgan to Tokenize Gold Bars on the Ethereum Network. Posted: 30 Oct 2018 10:35 PM PDT
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| TED talks just uploaded a video about ICOs & cryptocurrency to 11 million subscribers Posted: 30 Oct 2018 07:04 PM PDT
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| Uganda Becomes First Country in Africa for the Binance Fiat-Crypto Exchange Launch Posted: 30 Oct 2018 11:52 PM PDT
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| Posted: 30 Oct 2018 06:12 PM PDT
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| Posted: 30 Oct 2018 08:56 AM PDT Recently Oyster Pearl exit scammed using a breach in the smart contract which led to creating 3M tokens from thin air and the CEO exit scammed by selling it on Kucoin. However, the Substratum smart contract also has the capability to [mint tokens out of thin air] (https://etherscan.io/address/0x12480e24eb5bec1a9d4369cab6a80cad3c0a377a#code) That is not the only thing. In this video they supposedly did a token burn, but their definition of token burn is to just send tokens to another wallet in which they own the private key. Their smart contract was a copy paste from skincoin which did not have a burn function. When these two topics were brought up the response was: There is absolutely nothing stopping minting tokens + selling the "burned" tokens in an exit scam. Their contract can be abused in a similar function with PRL , In fact the Substratum contact function is even more desirable to abuse since it doesn't require the culprit to send any Eth to collect the freshly minted SUB Proceed with caution. [link] [comments]  | ||
| CoinGate and CoolBitX join forces to allow direct cryptocurrency payments on its website Posted: 31 Oct 2018 01:26 AM PDT
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| Monero users: It is important you upgrade ASAP Posted: 30 Oct 2018 01:40 PM PDT | ||
| Posted: 31 Oct 2018 03:05 AM PDT
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| Posted: 30 Oct 2018 11:44 PM PDT | ||
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| Posted: 30 Oct 2018 11:40 PM PDT
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| Posted: 31 Oct 2018 02:53 AM PDT
As someone who is currently using distance learning services to teach myself computer science, seeing my favourite project randomly do something like this is amazing. In my opinion it says a lot about the team that the biggest university in Cyprus would invite them to deliver a course for their M.S. program, and overall its just great for adoption. I've been looking at a lot of computer science M.S. programs and actually this year there are a LOT of programs from world leading universities offering optional modules in either cryptocurrency, blockchain, distributed systems or all of the above for the first time, which should give everyone here confidence for what the future holds. They started with an intro to IoTeX itself to the students which you can watch here https://youtu.be/VGVksuTiM7o?t=350 [link] [comments]  | ||
| Posted: 30 Oct 2018 08:34 PM PDT
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| VeChainThor (VET) Based OceanEx Exchange to Start Alpha Testing in November Posted: 31 Oct 2018 12:43 AM PDT
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| Ukraine: New Policy will Legalize Cryptocurrencies Posted: 30 Oct 2018 11:22 PM PDT
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| Bank of America wins a patent for a device that stores cryptographic keys Posted: 30 Oct 2018 12:57 PM PDT
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| Emergent centralization due to economies of scale – Colin LeMahieu Posted: 31 Oct 2018 03:17 AM PDT
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| A small reason why I can't wait for Cryptocurrencies to replace banks Posted: 30 Oct 2018 01:54 PM PDT NOTE: I don't mean fully replace banks. Banks will always have their uses, but they will be hurting in the long run. I recently switched banks because I hate Wells Fargo (I went with a solid credit union). I transferred all of my cash and savings, redirected all of my auto pay bills, etc. Today, I went to the bank to close my accounts, and come to find out, I forgot to change one of my bills on autopay (stupid microsoft). Anyways, it overdrafted my account since I had nothing in there, so for the $10 bill, it was now $45. After talking to the bank for about an hour, they decided to waive the overdraft fee since i've never overdrafted before. After that fiasco, I told them I wanted to pay the balance on my account then close it. They said that I could pay the balance, but I have to come back tomorrow to close it. Confused, I asked why. They replied that, even though I paid cash, I have to wait a day for it to "Hard Post" to my account.... So not only does it take them several days to transfer money from bank to bank, but making a cash deposit to close an account in their own freaking bank takes 24 hours? That is completely ridiculous. Although I know that some people will say that this is no big deal or quit whining, which it really isn't a big deal and i'm not really complaining, but it just makes me realize even more why I believe in crypto and why I got into it in the first place. I can't wait to see how much the banks are going to suffer for being slow to adapt and taking advantage of their customers (not me in this instance, but their customers in general). [link] [comments]  | ||
| Posted: 30 Oct 2018 10:22 AM PDT Here is an archive from this month (October, 2018) showing their website, groestlcoin.org, promising ASIC resistance as the #1 selling point. Now that Groestl hash ASICs have appeared on their network and are for sale, all mentions have disappeared from their website: https://groestlcoin.org Here is an archive from this month showing the promises of ASIC resistance: https://web.archive.org/web/20181008053229/https://www.groestlcoin.org/ Here is a comment from a GRS team member denying that it ever said ASIC resistance: https://old.reddit.com/r/groestlcoin/comments/9sps6z/so_much_for_asic_resistance/e8qhb1v/ What are your thoughts on this? I've lost all confidence in the coin to be honest. [link] [comments]  | ||
| Ron Paul, Former US Rep, Says Crypto Shouldn't Be Taxed Posted: 30 Oct 2018 08:19 AM PDT
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| Posted: 30 Oct 2018 10:44 AM PDT
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| Oyster PRL' Bruno calls Cryptocurrency ponzi scheme Posted: 30 Oct 2018 09:29 PM PDT
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