Post
Topic
Board Scam Accusations
Re: Ethbits possible scam
by
jenifive
on 19/04/2017, 21:34:34 UTC
I've been suspicious of the project ever since I've seen it. I've been inclined to give them a negative rating for a while now. They also employed an unstable blackmailer as their campaign manager.

I'd like to see more examples of reasonable questions regarding the project being completely censored.

The questions and answers were.

1. Me: What are the reasons of why you are making a centralized exchange on blockchain?
    EthBits dev from telegarm: Starting a new exchange is very costly. We need money for it. (I assure you that was the answer!)

2. Me: What will be the guarantee that your exchange cold storage where people traders will put money wont get hacked.
    EthBits dev from telegarm: I (he uses I statement so i think it was one of the major founders) have a lot of security experience so EthBits exchange wont get hacked ever.

3. Me: But you cant guarantee that. Especially on new fresh exchange where not everything is properly programmed.
    EthBits dev from telegarm: Yes, i can't guarantee that. All can be possible.

4. Me: So you are trying to make a centralized exchange like Polo on investors money and there is no reason why you should be developing it on blockchain because the percenatage profit from holding coins will be so small that inverstors won't notice it? Like Vdice making a profit % payment every month to a coin holders and this % is very small to the point where there is no reason of it?
  EthBits dev from telegarm: You look like troll to me ................. banned


I can't give you screenshots of this conversation because deleting of me and my messages on telegram happen very fast i didnt managed to do something.