jl777, James, the chief waporvare asset wizard ... without creating any real world users for cryptocurrency. He scammed out over $5 million ... His coins and assets used by nobody except by his shills ... Fine partner and a proper match for you.
- You should document that $5 million claim, because I vaguely seem to remember someone writing jl777 was able to raise 1500 BTC and so that wouldn't be worth more than about $1.5 million at the peak. In any case, I read the DAO raised $168 million, so if you want to talk about waste of resources, then there are bigger fish to fry. The
BitcoinTrojanHorse Chinese mining cartel "scam" is extracting on the order of 1800 BTC daily some allege at very low costs and those costs charged to the Chinese people via banking and electrical subsidies. None of that mined BTC is getting into the hands of developer such as myself who is actually capable of changing the world for the better. - jl777 has afaik produced working code for feature such as the federated type of decentralized exchange and he has been working on 100% decentralized exchange. He has written what he claims is a very fast Bitcoin c0mpatible daemon in C which he has named iguana. I chat with him sometimes daily and he is always coding. Being coder myself, I know when someone is actually coding or just bullshitting. Granted he does appear to have presold future BTCD features that are not yet implemented, which is something I would never do. But Ethereum presold the entire damn development and had nothing implemented when they raised $millions. The DAO raised $150 million for future unknown vaporware that hasn't even been described yet! jl777's vaporware transgressions seem mild in comparison.
- It seems just about every altcoin is only used by its investors and doesn't really have much adoption. A similar phenomenon occurs with gold mining junior companies, where most of them are just paper illusions. Yet some of them do become major actual miners someday. This is the way speculation works! If it is too hot in the kitchen for you, then get out of the kitchen and let those who can handle it do the cooking.
- jl777 is not my partner. We have no shared project wherein we are both developing on the same project and both vested in future ROI on that project. Instead he (or SuperNet) invested a very small amount of funds in my project which he doesn't develop on, to help sustain me when I was extremely sick and bankrupt so I could continue to do my CC research and development. I help jl777 get the theory aspects of his latest designs correct (because I am one of the most astute experts on the theory and design side ... and I don't have time to argue with idiots about why I am ... those who work around me daily know it is true ... there are sufficient examples on the BCT forum for one who knows where to look in my archives ...), but I was not helping him on the design of the things he released before such as BTCD. In exchange of my very impressive ability to invent amazing CC breakthroughs, there is an offer for me to do GUI coding in exchange for BTC of which most wouldn't become due and payable until he releases the new projects and raises more funds. I encouraged him to find another developer for that work, but the reality is having me work on his project helps to insure the design is correct and so he understands my worth. But even if I accept that work (which I haven't yet because I want to reserve my limited time for my own R&D work), I would not be vested in the ROI of any new fund raising for any project he does. He and I are not partners. We simply do rational business with each other and talk tech shop on designs, to the extent it makes sense. He is fully aware that he is not allowed to claim that I am accountable for his projects. Ditto he has nearly nothing to do with my project and doesn't advise me on the design issues in my project.
- I was incorrect to waste my time badgering other coins about their ethics. I followed smooth's lead on that. I have already explained that the issuers and promoters may or may not have to answer to the legal repurcussions in the future, but that is irrelevant. Also the key breakthrough in my legal understanding is when I recently realized that if the source code is open source , the protocol is decentralized, and the issuers aren't in ongoing control of trading (which was Ripple's mistake that caused them to run afoul of FinCEN KYC/MSB regulations), then it doesn't likely matter under the Howey investment securities test (which is orthogonal to the FinTech regulations such as FinCEN) how the tokens were issued, because the speculators are in control of their future expectation of profits (return on investment) and thus nothing is secured by the issuer. Forks of the source code and copycat coins are evidence of that reality. I opened my eyes and decided to understand the reality of the nature of speculation. The amount of $ flowing into altcoins is miniscule compared to the other scams going on daily since the beginning of mankind, including for example the fraud of the Federal Reserve and fiat money. The Climate Change carbon tax clusterfuck is many $billion greater fraud than anything going on in altcoin ecosystem, and at least the altcoin ecosystem has the chance to spawn an actual breakthough that helps mankind.
- You seem to have originated from a Communist/Socialist philosophy wherein you think it is the role of society to determine what is fair and how to best top-down regulate the flow of capital. This is incredibly myopic because there is nothing the government can't make worse by regulating it.
"Elephant: a mouse built to government specifications." Lazarus LongThe joke is on you not understanding that Armstrong is writing about the medium-term when he is bullish, and in the shorter-term his reversals are guiding us through bounces and dips until we get the V crash slingshot that sets up the medium-term blast off.
Your lack of reading comprehension is the joke. AltcoinUK enjoins you in that handicap.
slingshot that feeable puppet mind of yours.... guiding useless scenario after the fact.
As MA has explained, there will always be dumb people to be the bagholders in the market. There is nothing anyone could do to change that.
I will not explain this again. And you and your cohorts will continue your nonsense instead of rolling up your sleeves and actually creating some competition. All you and your cohorts hypocrite holier than thou masturbation is for losers who can't produce anything and instead want to be self-important from their rocking chairs.
by now he is a law enforcement material
What enforcement
Copious tough talking diarrhoea flowing out one end but zero action forthcoming.Indiegogo doesn't even enforce their own policy against selling prohibited perks that are negotiable instruments.
AnonyMint documented the reasons ICOs can be considered harmful, but it is irrelevant.
Decentralized, open sourced tokens are probably not investment securities regardless of how they were issued, but many of these recent schemes such as the DAO appear to not be actually sufficiently decentralized to avoid being classified as investment securities. But that is the potential legal problem for the issuers and perhaps promoters, but not for the readers here who are just the speculators.
There are too many self-important do-nothing talking heads on this forum. At least the scammers are risking their own future legal problems to provide the market here a semblance of what it craves.
So keep on babbling talking heads. That is a symptom of the disease of the incapable.
So if you really think your goal is to invest to better the true adoption and goals of a decentralized economy, then stop whining and go make it a reality. Stop blaming the scammers for your own inability to invest in and/or launch something that really addresses that goal.
Being less worse, doesn't make it an accomplishment. Two wrongs don't make it right.
Too much useless verbal diarrhoea on BCT.
And then he claims to know what is expert coding
Ah pardon me, but being an active coder yourself would allow you to be a peer. Otherwise you are just a rocking chair, finger up his anal-yst. Yeah I know you scored 16 touchdowns in 1932 for the Brooklyn Browns with half your ear torn off. How many times have you repeated that story? Btw, we wear helmets now and take steriods. And ES6 with modules on Node.js isn't your grandmother's Java threads.