Post
Topic
Board Speculation (Altcoins)
Re: Elastic(XEL): The Decentralized Supercomputer. The Golem Slayer. MOON.
by
dbt1033
on 12/09/2017, 15:01:55 UTC
Sure, here's another free bump!

Agreed this is one of the clearest examples of a scam I've seen in recent times. Well done for trying to warn people about it. It started with a newbie account whose real-life name was supposedly "Lionel Keys" posting as ElasticCoin. Immediately a few of us pressed for some kind of info to verify his identity (given it was an ICO without escrow), which he said would be coming soon. In the mean time I began finding Evil-Knievel's behaviour in the thread extremely suspicious. He wasn't (publicly) in charge of the probject at this point but from the start was shilling hard (talking about how much he'd invested) and answering the bulk of the questions that were intended for the dev. It was obvious to me he was involved with the project whilst pretending not to be.

Every post from the ElasticCoin account was subsequently deleted from that thread (presumably when they realized they'd messed up and that there was no way to hide how shady the whole thing was), Lionel Keys disappeared (abandoning a project he'd supposedly spent months working on and preparing) and Evil-Knievel suddenly emerged as project lead.

I haven't enough time to dig through it, but here's the original thread. Evil-Knievel has also deleted every single post he made in that thread, though enough of his and ElasticCoin's original posts have been preserved in quotes in replies to show you what's going on here.

Deleted original ANN:
https://bitcointalk.org/index.php?topic=1362006.0

Quote from: Evil-Knievel on February 19, 2016, 09:46:04 AM
Quote
-snip-


I am currently invested in this coin with a total of 6.8799 BTC.

A very clear scam.


Devs remain anonymous today. Some people never learn...

You must be new here.... community takeovers happen all the time.  Sometimes, they are very successful.

It doesn't matter if a coin's beginnings are questionable... take a look at Dash, it's as sketchy as it gets. 

They have demo'd a working product (something golem has not done because golem is vaporware), have a low cap, and the chart looks nice.

That's why I bought.