Re: SCAM: Tao 2 by Bryce Weiner is an un-attributed clone of TomoChain
Bryce Weiner's reputation as a crypto scammer dates all the way back to 2014. He's famous for running pump n dump schemes, moving from one coin to the next like they were short-lived pets.
He has washed, rinsed, repeated this cycle for years, always creating just enough room for him to escape responsibility for what happens with his projects.
His latest project, Tao (XTO), started off decently (other than the fact that it was associated with him), and actually had a significant run-up in 2017. By Dec 2018, it was delisted from CoinMarketCap, and today is only available for trading on one or two very small-time exchanges (averaging $100-$300 a day in trading volume).
With Tao being all-but-dead, he has decided to re-launch the coin as "Tao 2," under the premise that it would be an "Ethereum for the music economy."
He has washed, rinsed, repeated this cycle for years, always creating just enough room for him to escape responsibility for what happens with his projects.
His latest project, Tao (XTO), started off decently (other than the fact that it was associated with him), and actually had a significant run-up in 2017. By Dec 2018, it was delisted from CoinMarketCap, and today is only available for trading on one or two very small-time exchanges (averaging $100-$300 a day in trading volume).
With Tao being all-but-dead, he has decided to re-launch the coin as "Tao 2," under the premise that it would be an "Ethereum for the music economy."
Nutilduh is a serial scammer with literally pages of negative feedback on his account, and is one of a group of useless trolls who have stalked Bryce for years. See how easy it is to call someone a scammer? Although the pages of negative feedback on his account are certainly there.
FYI, just because there may not currently be an attribution in the public repo does not justify the accusation of "sCaM1," it just reveals Nut's pathetic confirmation bias.
Nut can't even get his facts straight or keep to a consistent story: in the OP for this thread he claims that Bryce is "famous for running pump n dump schemes, moving from one coin to the next like they were short-lived pets" which directly contradicts the fact that Bryce has been working on Tao and the related legit, tax-paying businesses built on it consistently for at least 3.5 years since Tao launched in 2016.
For example, here's a post from last year when one of the other troll/sock puppet accounts claimed nothing had been done with Tao since it launched:
You miss the point dunce, after 3 years of nothingness your house token is worthess and you're on about "i CaNt WaIt To sEe wHo tHe BaNd Is" The band will be nobodies who go nowhere and will soon say Bryce weiner lied and stole from them. Rinse, repeat.
Dude, did you switch accounts again?
"3 years of nothingness" I can't even. This entire thread (other than you trolling with your various accounts) almost entirely consists of documentation of things accomplished by Bryce and co.
Let me see, off the top of my head:
- 2016 Tao launches with a fully regulatory compliant ICO, raising $100K and launching the network
- Within a few weeks he had a working proof of concept website for the originally planned approach of securing song rights on the blockchain
- Partnership with Peter Rafelson, a man who is deeply connected in Hollywood and the music industry, as documented elsewhere in the thread
- Hosted a small conference on music rights and blockchain with Bryce and Peter, the audience included representatives from Pandora. Discussions with them led to the smart decision to pivot to the current model of helping bands raise/make money with crypto instead of using a blockchain for song rights
- Founded a recording company, Infiniti Music
- Founded the company AltMarket with intent to launch an exchange
- Successfully lobbied congress and secured an invite to meet with the SEC. Has full support from the law.
- Ran their first pilot test of Initial Artist Offerings with ODBcoin, helping put ODB's son Young Dirty on the national stage
- AltMarket exchange opened
- APIs set up
- Ran a successful radio campaign on major radio station KBLX in San Francisco, advertising a cryptocurrency conference AltMarket sponsored. This was a test of upcoming radio ads they have planned for some of the biggest national markets to advertise FanMix and the artists
- FanMix built
- Referral system paying cryptocurrency rewards built & working
- First band comes tomorrow. Has an existing, enthusiastic fanbase but is not signed. Will be able to raise funds without signing away their recording rights to a record label.
- More bands will follow
- A portion of all dollars spent on FanMix will buy Tao off the market, providing automated buy support using the APIs mentioned above
Yes, you're right! thREEEEEEEEEEE yEaRs oF nOtHiNgNeSs11!
http://fanmix.biz/first-fanmix-artist-launching-this-thursday-nov-14/
OMFG I was going to post this and you've signed into yet ANOTHER account to troll the thread. You guy(s) are just sad.
Also worth mentioning is that the network has been consistently staking and functioning without significant problems that entire time.
Since anybody with a clue knows that the price and volume are not relevant to the legitimacy of a cryptocurrency, I trust you won't bother bringing up the price or trading volume. Oh wait, your OP tried to present the fact that CMC doesn't currently list it as if that somehow delegitimized it. It's perhaps too much to expect from Nut to realize the only reason is that CMC lists based on volume, not legitimacy.
Nut goes on to claim Tao2 or Tao 2.0 (same thing) was first mentioned in March, like this is some kind of gotcha, even though it was actually mentioned by that name at least as far back as February
Tao update for Feb 19, 2020:
As previously mentioned, Tao is doing a relaunch with all new codebase forked from Ethereum, implementing masternodes and delegated proof of stake to replace the current PoS.
As previously mentioned, Tao is doing a relaunch with all new codebase forked from Ethereum, implementing masternodes and delegated proof of stake to replace the current PoS.
and I mentioned it, just not with the "Tao2" or "Tao 2.0" name back in January:
Also, a reminder that Tao masternodes will be activated this year.
which itself was something I'd mentioned before but I can't be bothered to look for the post to quote.
Nut and the other trolls make the same empty accusations over and over and over and over and over and over and over and over again, yet can never actually refute any evidence or arguments I present to the contrary. I will not rehash this yet again, even if they've resorted to libeling my account with negative feedback even though I have never done anything but present the information I had in good faith.
Prediction: Nutduh will double down on his baseless assertions and insults, without once responding above the red line in the pyramid image of Graham's Hierarchy of Argument you'll see quoted below:
<image of ROI caculator and old Bryce tweet removed to not waste space>
Trade volume is not a relevant metric to determine the legitimacy of a project.
Neither is price--which is the result of the aforementioned low volume. Just because the price is lower in the bottom of a market cycle doesn't indicate his statement was incorrect, either. Note there was no time frame specified which *might* give you some sort of point.
Jeez. I will ask yet again, the question I ask the trolls in this thread which I don't think has *ever* been answered: if Bryce is a scammer, why has he met with and had positive, cooperative meetings with regulators including the SEC as documented multiple times on his twitter feed and in this thread? Who cares? He managed to fool a few bureaucrats for a few minutes. He is very small time and wasn't on their radar. I guarantee you they don't remember meeting with him by this point. It was a PR move designed for scam defenders such as yourself to continue milking it years later.
You think its not possible to simultaneously be a scammer and have briefly met with some bureaucrats? If so, you're even less intelligent than I previously suspected.
Pete, it's telling that you resort to insults and misrepresentation so often in this thread. Not sure if it's a pattern with you elsewhere, but you'd do yourself a service to stay above the line in this diagram as you're only discrediting yourself to anyone reading this thread with an unbiased eye.
So let's go through this point by point, shall we?
Now, unlike you, I'm going to give you the benefit of the doubt and assume you are not intentionally misrepresenting the regulators he met with as "bureaucrats," in an attempt to downplay their status in the US government. Perhaps that word is used differently where you live, but the general meaning in the US is a minor official with little power. A sort of pencil pusher who enforces rules in a rigid fashion, not someone who passes laws, makes the rules, and is high up in the government.
Since I believe you're from the UK, I will be charitable and assume you are merely unfamiliar with the people and their positions in the US government.
First off, Bryce and his lawyer Tom Osinski met with Representative Mike McCaul in 2018. McCaul is a member of Congress and was the Chair of the United States House Committee on Homeland Security at the time. He is currently the ranking member of the House Foreign Affairs Committee.
https://en.wikipedia.org/wiki/Michael_McCaul
He is in a very powerful position that is high up in the US government, not just some petty bureaucrat as you appear to be implying.
In addition to meeting with Rep. McCaul, Bryce and Tom Osinski met with Ted Budd, a member of the House of Representatives who sits on the Financial Services Committee:
https://en.wikipedia.org/wiki/Ted_Budd
In response to meeting with Bryce, Budd wrote a letter on his behalf to the Securities and Exchange Commission, which helped secure a friendly meeting between Bryce and the SEC.
You remember the SEC, right? You wasted your time filing a report with them about Bryce at my suggestion a few weeks ago. In case you aren't familiar with their function, I'll quote their Wikipedia entry:
Quote
The SEC holds primary responsibility for enforcing the federal securities laws, proposing securities rules, and regulating the securities industry, which is the nation's stock and options exchanges, and other activities and organizations, including the electronic securities markets in the United States.
https://en.wikipedia.org/wiki/U.S._Securities_and_Exchange_Commission
So he has lobbied and met with lawmakers with direct power over the cryptocurrency industry. If he is the scammer that you and others claim, why would he do this? Why would the SEC take no issue with him and seemingly approve of his conduct?
So back it up. Make your case. Give me a decent argument for your position, and stick to the top three layers of Graham's Hierarchy of arguments so we know you're making valid points.
What specifically is the scam? What kind of scam are we talking about? Some form of fraud? What?
Who is he scamming? Is he scamming representatives the US government, or are you alleging that they are in on the scam?
If he was dumping coins for profit, which there's no evidence that he is, why would he dump at the bottom of the market? Wouldn't he just be scamming himself at that point? If this were a pump and dump, wouldn't he have pumped the price up and dumped it at the top? That is how those things work, you know.
Do you have any specific evidence that he is running a scam, or are you just one of those silly Bitcoin maximalists who makes the absurd blanket assertion that all alts are scams simply because they're not BTC?
That kind of thing makes as much sense as saying that Internet Explorer, or Opera browser, or Safari, or Firefox, etc. are "scams" because they're not Netscape.
And please, don't waste our time by posting the same old repetitive links to claims by traders who lost money when Bryce abandoned Razorcoin because his lawyer told him to, or any of the similar posts which have been endlessly spammed in this thread over the years.
Just because confused crypto traders shout "scam," does not make their claims valid. Just because the price or the volume are not above a certain level does not make the project a scam. Abandoning early crypto experiments and walking away from former partners do not constitute scams.
If those links were evidence of fraud or other illegal activity, he would have gotten into trouble with the SEC years ago, especially after falling under their scrutiny by approaching members of the House of Representatives and meeting with the SEC itself. I mean, come on. Seriously.
Convince me with a reasoned argument, sticking to the valid top part of the pyramid image above, and I'll be happy to discuss it with you like adults. OK?
I have been acting in good faith in this thread for years now, despite your insults and implications. I have provided evidence and rational arguments.
If you are acting in good faith as well, then surely you can do the same? If your position is valid, surely you can back it up legitimately? I mean, is that really so much to ask??
Given the documented history of Bryce having positive, friendly meetings with literally some of the most powerful "law and order" people in the US government, including the fucking Securities Exchange Commission which is a regulatory body directly involved in policing the crypto markets, how tf do you think your accusations make sense?
They don't.
This accusation is so off base, I actually encouraged one of the other trolls to report Bryce to the SEC back in January. Which he did
OK Peter, like I said,
If you are so convinced that this is illegal securities trading, I encourage you to report Bryce to the relevant authorities. Please, do it. I'm serious. Please do.
If you are so convinced that this is illegal securities trading, I encourage you to report Bryce to the relevant authorities. Please, do it. I'm serious. Please do.
Thanks for passing on the link. Done.
Quote
Submission Number: 15797-xxx-xxx was submitted successfully on Wednesday, January 22, 2020 at 11:50:07 PM EST
So if reporting Bryce to the SEC-- who fully approves of his behavior-- comes to nothing, I kinda think Nut is wasting his time, too.
Since there's actually no scam.
Something which should be beyond obvious at this point.
P.S. Yes, I'm calling Nutduh names, which is resorting to the bottom of Graham's Hierarchy, but I'm beyond tired of bad-faith actors like him who have repeatedly insulted me without basis, and made asses of themselves in the Tao thread for literally years.
I've been polite, I've responded sincerely in good faith, and they've demonstrated again and again that they don't deserve my normal civility. I dipped below the line in the pyramid above, but only because I'm beyond fed up dealing with these nitwits, and only after years of wasting my breath giving good-faith, specific answers to comments and questions in this forum.
So deal with it.