Quote from: mickey_miner on May 18, 2016, 10:14:00 AM

Quote from: tabali tigi on April 20, 2016, 03:21:13 PM

Quote from: WayToGo on April 20, 2016, 11:54:24 AM

Quote from: pseudonymdude on April 19, 2016, 10:09:42 PM

Just an FYI, some of these people were involved in an ICO for another coin, Prozcoin.

Here was L. Christopher Bates last message: https://bitcointalk.org/index.php?topic=740383.msg10724258#msg10724258

So he only had to respond to two messages, yet kept all the ICO funds. Same thing might happen here.

Thanks for the info. I wasnt aware of it.

That is a complete misrepresentation of what went down. Everyone who bought into Prozcoin got their tokens bought back from them by Tim Frost. He made sure to compensate EVERY holder of Prozcoin that supported the project. By the time that post had come up in the thread, people had been bought out for over 3 months, and there were no people holding Prozcoin. The thread was overrun by trolls, and that is who that response was to.

I have the transaction logs for everything including the buybacks.

The community support was great for that project, it was just underfunded. The people who participated were all compensated, which is why THEY aren't the ones bringing this up. If you go read the entire thread, you'll see exactly what happened.

Cheers!

Chris

Ha ha. You just prove you a liar! You say everyone got refunded? You forget that you make this post saying where the btc went? You give breakdown of btc raised. From 56 BTC you refund 12 btc? To who? Fake account you controlled? People with prozcoin were stuck with worthless prozcoin that could not move because you never provide wallet like you said, Omni wallet shut down, C-cex delisted. There was no way to move coins from c-cex so coins were lost. prozcoin was a scam like this is a scam.

Quote from: Coin_Proz_Team on June 12, 2015, 11:18:26 AM

We would like to officially announce the Coin Proz project is coming to an end. We appreciated all the support we had for the project but we are unable to continue working on it. The bitcoin we raised from the token sale was used to re-develop coinproz.com Until recently we have tried to find ways to keep the project alive. Now the entire team has decided to close the project officially.

In October we were starting to run low on Bitcoin to help fund our Developer. The team continued to look for additional ways to raise capital to continue developing coinproz.com. Unfortunately we were unsuccessful in raising significant additional development capital.

We had ambitious plans of creating an all encompassing social media site for the crypto community and we were stretched too thin financially. We appreciate all the support from the community and we are sorry we could not deliver the project we had envisioned.

The team cannot afford to keep working on the Coin Proz project but we open up the offer to let someone from the community to take it over what Shannon has created. If interested or you have questions please email Tim Frost at coinproz@gmail.com or Shannon Code at genecyber@gmail.com regarding taking over the project.

Here is a breakdown on how the bitcoin was distributed.
We received a total of 56.6 Bitcoin from Prozcoin token sale.
31 Bitcoin worth $12,000 Shannon Code received to develop coinproz.com
12 Bitcoin was used for refunds and buyback for Proz
5.5 Bitcoin was compensation to other team members for contribution
The balance was used to pay for operational costs and payment of debt

Anyone who has any Prozcoin needs to remove it from C-CEX by June 30. Any prozcoin remaining on there will never be recovered. An email will be sent out to all accounts that hold Prozcoin on C-CEX to notify them.

If you paid $12,000 for shit coinproz.com site it proves you incompetent.

Not nearly as scary as him arguing that 300% is 'different' when it applies to a small sum, than a large one. It's also hilariously disingenuous to claim that 'everyone was refunded' in a project that took in 56 BTC, and refunded 12. Sure, I'll refund you, 1/5th of your money, great right?

Also, don't get me started on 'ill sue you for slander', cause it sure as shit isn't slander to bring up other projects you have been involved in. So my advice is to put on your big boy pants, and take a math class or two if you don't understand percentages.