Quote from: Iconicfraudster on May 26, 2014, 05:24:23 PM

The Group Behind The Libertycoin Scam

What I am about to write will without a doubt cause a rift within our community , but I feel this is something I must do to protect the investment of innocent people who believe in LibertyCoin. I ask everyone whether you support me or not, to carefully read and analyse my words without prejudice.

When I first started invested in this community I was enthusiastic to be part of a community that is inspiring and full with enthusiasm. For a couple weeks I have known about a coordinated effort to pump the price of Liberty coin. I did not make it officially public because of the ramifications it would have on this community. I thought with the help of others I could stop or at the very least greatly diminish this without letting the general public know, unfortunately we were unsuccessful.

There is a prominent group in the libertycoin thread that are all responsible for manipulating the price of LibertyCoin for a couple weeks.

Their group owns roughly 91% of the total supply of LibertyCoins. But that is not what they really want, they want your Bitcoin. Since they could not take control of BC They decided to create their own coin to profit off of. They wanted it to seem like a fair release so they came up with the idea of using the official multi-pool to steal everybody's hash and keep the coins for themselves. They would trick everyone into thinking it was the multi-pool fault so they could keep the coins in what would be an disguised instamine launch. They would list it as a 5 day launch but sped up the block times to make sure it only lasted 3.5 days. They would then move the coins to hundred of different wallet address, create fake bitcointalk accounts in order to give the illusion the coin was fairly distributed. Step 1 complete

I had no clue at the time any of this was occurring until Troiste started to actively post in the black coin thread that Libertycoin would be the next coin to pump. This is when Step 2 came into play. They had 91% market cap of a coin worth $10.000 now they needed to increase this to at least $1.100.000 in order to have a big payday. In order to do this they simply bought and sold to themselves so that they retain both the bitcoin and the liberty coin but give the illusion of lots of interest and money flowing into the coin. This can be done relatively cheaply as it only cost about 0.82 btc in fees per 542btc worth of volume at a price of 0.00005500. With that sort of volume you quickly get noticed and brought onto Mintpal.

Step 3 pump and fleece, By then pumping the price up until enough new money came in they could then smash the price down and buy half back collecting more and more btc each time by organizing pump and dumps. They then planned to try and get new money, by getting you to encourage your family and friends to put all their hard earned money in, so that they can cash out over a million dollars in a little under a few weeks. In the meantime they sell you a copycat project that allows them to make extra profit and try to make it look that they are legitimately working to promote the coin. Well toting it as the next big thing.

Everything in this coin is simply a copy and paste half assed effort, they will use images and words of encouragement that Libertycoin will be the next big thing, but look at the facts and stop fooling yourself. There is only a small group of people that will make a million plus and your not included. The best scam is when people don't even know they have been scammed.
Step 4 they will use fake accounts to get angry and post fud about them so they can say their not appreciated and exit to create their own coin in June as scheduled.

Now please ask yourself these questions:

If the coin code is copy and paste, of badger/hack which is a copy paste of nova which is a copy paste of peercoin how will this coin succeed?
Why is the press releases and paper wallets copy and paste?
How can you claim it was a fair launch when it didn't even last 4 days? (Think bitcoin/litecoin/peercoin/darkcoin how long have they been mined)
Why did they delete everybody's post who had coins stolen from the multi-pool?
How is it legal to offer free escorts when it may be illegal in their jurisdiction?
What are you using to implement anonymous technology?
Who is doing it for a 2 btc bounty when other coins couldn't find anybody to do it for under 50 btc?
Why does Iconicexpert have access to the dev account, since he is not a developer? (Most devs will simply let the community know who is the marketing direct, not give them access to their personal account)
Why is there no white paper, is it just fedoras mixer and an encrypted block chain?
what are the "unique properties" as you state that Liberty coin has unique properties?
What new an exciting payment methods not covered by other payment systems does it offer since you make that claim?
Why do you censor peoples liberty in the official thread? (Taking away liberty from libertycoin)

Now you can believe me or you can think this is some lame attempt to get you to sell cheaper but please start asking yourself these questions. If you saw a way that you could use money donated from one coins community to fund a scam that would net you around a million dollars in under a month would you?

I felt this was my last option because after today they would be unstoppable. I was faced with a hard decision to make. If I did not say anything people will continue to be ripped off. If I do say something my revelation might cause investors to lose faith in the coin. So I did not make this decision without giving it a lot of thought and time.

This is a signal to start dumping coins! Try to Recoup as much of your investment as you can! Let them hold their bag of shit although they have probably already made at least 100 btcs off of it.

Please share this information in anyway you can, get it out quickly before their Libertyday fleeces millions from people
Now you know what is going on behind the scenes, here are some of the quotes that will help expose this scam:

Quote from: Dealazer on May 24, 2014, 01:05:20 AM

ALL COINS MINED WITH 1mhash over 3 days? Huh

?

http://dealazer.com/XLBFAKECOIN/BLOCK.png

Quote from: MinerMario on May 10, 2014, 10:12:44 AM

Quote from: jimn on May 10, 2014, 09:48:22 AM

Quote from: Stormbringer on May 10, 2014, 09:14:24 AM

Looks like it is a scam, the scammy pools are probably together with dev

no ipo, no premine but 75%coin scammed from pool !!! lol

dev or not this coin has no future, really to much coin scammed

We really need to make sure this scammy shitcoin never hits an exchange. Let the exchange owners know that listing this shitcoin would be like receiving stolen property. That's what I have in mind at least. You will never make the dev Mr. delete-a-post understand his responsibility, so it's important these scammers can not turn their(Perhaps should be: OUR) loot into Bitcoins.

Quote from: MinerMario on May 10, 2014, 07:46:34 AM

Quote from: tramphuochuy on May 10, 2014, 07:33:12 AM

Can't withdraw

NO PAYOUT , EVEN IT'S MISSING DEBIT OPTION

My post is deleted , big ass

https://dl.dropboxusercontent.com/u/46151949/LBNoDebitFilter.jpg

Please post anything deleted by the little man behind the curtain on the official scamcoin thread here:

https://bitcointalk.org/index.php?topic=602762.new#new

Quote from: Amph on May 10, 2014, 05:57:44 AM

also someone tried to access to one of my accounts in the pool, just few hours after the launch

Quote from: Supercrypt on May 10, 2014, 05:20:42 AM

if you are a miner of libertycoin then you should think again

a self moderated topic
Libertycoin is a big scam
Dev scamming peoples

miners not getting their coins
they are deleting users comment on their thread

security hole in their code
Dev can stealmine as much as XLB they want

in short
Libertycoin = ScamCoin
libertycoin is full of scam a complete shitcoin

reply to this thread to keep it active

your one post can save many newbies from scam libertycoin

http://i.imgur.com/7mCg7OP.gif

Quote from: TTM on May 09, 2014, 08:43:57 PM

I have a little warning for the people who use any coin that implementing Zerocoin like Libertycoin

Zerocoin's technology require generation of "initial parameter", you can think about it as a "master key". This master key need to be deleted right after it was used and nobody should know about it. Technically, whole security of the currency depend on this "master key". Anyone who gained access to it would have ability to control double spend (i.e. he can create infinite amount of coin, another kind of premine).

The creation and destruction of this initial parameter need to be performed in a trusted way to make sure that nobody can know it, include the developer.

So, if you guy believe that dev is honest, you can use the coin. If you don't trust him, stay away from that.

That's my warning, i'm not trying to spread FUD, but this is some technical information people should know about Zerocoin

Quote from: hashpuppy on May 10, 2014, 05:27:40 AM

People. The devs don't have control if the pools operator are scammer or not. From the specs and name of this coin. This is a very good coin. My only issue is the master key being raised by one user here and I hope any other people here will take a look at the code and review for any possible exploits or hidden scams like the AC fiasco. Other than that, this coin is great.

Quote from: HardwarePal on May 26, 2014, 02:08:51 PM

Quote from: IconicExpert on May 26, 2014, 02:03:45 PM

Quote from: derBruchpilotPro on May 26, 2014, 01:52:16 PM

Quote from: IconicExpert on May 26, 2014, 01:43:28 PM

Quote from: derBruchpilotPro on May 26, 2014, 01:39:39 PM

NICE Censorship here.

Troiste can accuse ppl here, If someone wants to correct his BS its getting deleted??

No, because what you are posting is incorrect. If it wasn't for Troiste no one would have even heard about Liberycoin, and that is a fact. So the initial success of Liberty is due to Troiste, and he has been instrumental in helping me continue the success of this coin.

What was incorrect at my initial post? Read post #4400 and tell me that's not childish!

Anyways there are more ppl involved to help this coin, you and Troiste shouldn't forget about that, they may hold *some* coins.

I will say it once more. If it was not for Troiste this coin would not have received the initial excitement it did, that is a fact. He also also pledge a decent amount of BTC to help this community. There are a lot of people helping out, and it takes an entire community to make a coin successful. However, it was Troiste the made me and others take notice, and he got the ball rolling.

Furthermore, I do not care what HardwarePal did in the past if he is posting info about another coin here. It is counterproductive and it shows he is not a true supporter of XLB. He is more than welcome to support whatever coin he desires, but he needs to refrain from posting about it here.

Now lets get back to focusing on XLB. Any other childish FUD or non XLB related topics will be deleted.

I will not lie I support multiple coins I openly say that in IRC.

My initial thought was to get anon out as fast as possible as someone would jump onto this.

Quote from: IconicExpert on May 24, 2014, 01:30:51 PM

Quote from: BEECoinfan on May 24, 2014, 12:42:43 PM

I have access to the Libertycoin account but I rather use my account to post updates. Anything that I post should be taken as if it was coming from the official account.

Quote from: NeuTroiste on May 21, 2014, 03:48:07 PM

PUBLIC ANNOUNCEMENT

When LibertyCoin gets to 0.01 BTC I will be personally paying out one escort for every single member that applies to this initiative!

Send me a PM with the subject "escort" for you to be recorded in history

Share this post with everyone you know! In other threads or forums, IRC, Facebook, Twitter, etc...

But wait... If you share this post you will not only get 1 escort but 2 escorts for free!

SHARE NOW!

https://bitcointalk.org/index.php?topic=600322.msg6856412#msg6856412

Lets celebrate the price 0.01 BTC in style Grin

Lets show everybody who is the best coin of the world! LibertyCoin! The coin that even gives you a blow***!

http://i58.tinypic.com/303fnsp.png

LibertyCoin

16 Million Supply

POS 1%

Anon soon

Current price: $0.022 (Bargain)

Trade: https://www.mintpal.com/market/XLB/BTC

27th May is the Liberty Day! https://bitcointalk.org/index.php?topic=600322.msg6855773#msg6855773

Quote from: templar77 on May 15, 2014, 03:47:40 AM

The Libertycoin community raised 2 BTC and 100K XLB for someone to implement Darksend or any other Anonymizer to Libertycoin

https://bitcointalk.org/index.php?topic=600322.0

Quote from: Daredev on May 26, 2014, 04:28:29 AM

Quote from: gts476 on May 26, 2014, 04:06:26 AM

Quote

Libertycoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Libertycoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Libertycoin allows exciting uses that could not be covered by any previous payment system.

from https://libertycoin.co/about/

You forgot to swap Bitcoin for Libertycoin mid text and should you really be claiming that Libertycoin allows for uses that no previous payment system covers?

Obvious hatchet job is obvious.

Similar issues w/ 'litecoin' on the paper wallet page: https://www.libertycoin.co/paperwallet/

Quote from: templar77 on May 16, 2014, 06:41:15 AM

Quote from: poornamelessme on May 16, 2014, 05:32:50 AM

I don't get the darksend talk as it's not even opensourced yet.

A better option may be something like Fedora's coin mixing, which if I recall correctly, wasn't really decentralized... but it's better than nothing.

Darksend is not decentralized either. They promise they'll make it decentralized but it's not yet.

Fuck why didnt I read this message you sent me 4 days ago??