Quote from: lbr on September 06, 2014, 01:29:30 PM

Quote from: barwizi on September 06, 2014, 11:43:15 AM

Whoa there!!!!

Can someone please link me to the "proof" that Jasin' been naughty? I find it hard to believe.

And I can tell you without a single shred of doubt that the Cachecoin dev is not in anyway linked with any shady shit.

Very naughty ; )

https://litecointalk.org/index.php?topic=2702.0
No proof there, tho.
But some things do look.. u know.. weird ; )

Fib ASIC marketing was nice - aim at forum members, LTC defense blah-blah, 'trusted' distribution.
Most of concerns raised were flagged as 'trolling'/'FUD'/'shill attacks' and sometimes post deleted.
Also - 'we are not forcing you to buy our Fib ASIC' type answer was used frequently to answer some of the concerns ; )

Litecointalk forum moderators were made involved by making some of them 'trusted hosts'. And ofc it is very hard to separate your private interest from public forum moderation. This resulted in biased(imo) mods actions in Fib ASIC threads and other ASIC manufacturers threads. As in - in Fib thread mods were making warning and deleting(?) 'concerns' as fud/trolling and posting similar 'concerns' in other threads by themselves ; ) To confirm read all posts of mods in all AISC threads.. (yeah it's very annoying, but funny).

CACHE.. Jasin started accepting CacheCoin as a payment for Fib ASIC at a fixed price, higher than on the exchanges. Some members on bitcointalk and litecointalk had "ASIC coin" in their signatures. CacheCoin exchange rate went up. If I'm not mistaken litecontalk moderator Sy had huge ammount of Cache(mined?) so he bought a lot of Fib ASICs. After Fib stopped accepting Cache exchange rate plummeted down.
Some ppl claim that this was an intentional pump&dump of Cache and that the developer of Cache was involved. Cache dev(kalgecin) and jasin apparently were working together(?) on some Cache features and jasin occasinally made claims that he is very interested in Cache(and XC) and has some plans for it.
At the time, the proof from jasin that is was not pump&dump I've read was that he has not sold any Cache received for the ASICs. However to gain profit from this possible p&d you don't necessarily need to sell aquired Cache, you just need to make enough profit on Cache rate fluctuation you knew in advance and number of ASICs you can buy with Cache was intentionally limited. Also there were some allegations(with proof) that jasin wife sold some Cache prior the pump.

Also Fib ASICs were not sold as actual asics instead they were sold as hardware shares also Fib profit shares were sold.
Exchange was promised for those to be implemented. It was never completed cause.. jasin said dev run away. There is also no proof that it ever was developed. Also defense line - 'we make ASICs no websites' was used to 'calm down' ppl concerned that Fib site is buggy and exchange is not completed yet ; ) And ofc that ppl are trolling and are shills of the competitors and that they are not developers and don't understand how much effort it takes to make and test a web site ; )

What's funny is that long before Fib began sales there was a talk that practice of giving money to 'trusted' ppl should be stopped. mmitech(litecointalk) argued that there are enough cases when 'trusted' ppl collected vast ammounts of BTC and dissapeared after. At the time Jasin said that comparison is wrong, cause he have not collected any money yet ; ) Well.. now he has ; )

After 'fud' of corrupted litecointalk mods, admins and LiteCoin association spread, TheMage(litecointalk mod) organised a meeting with Jasin where some 'trusted' ppl representing investors were allowed to ask Jasin some questions. Some of the info was not made public, cause Jasin said it is a part of NDA between him and ASIC chip designers. However, total ammount of planned ASIC chips was made public - ppl counted their orders and realised that planned ammount is much(?) less.
Also coversation revealed the fact that Fib is still on ASIC prototyping/simulation stage. This is odd cause when KNC announced their scrypt ASIC, Fib raised performance, claiming that they have been designing ASIC for years and that at first they revealed well below performance number not to spook competitors. Again concerns were either marked as trolling/fud and partially answered with 'we have genious salsa dev'.
Also Jasin claimed that ASIC design company(or fab?!) is not aware that they are designing ASIC to be used for litecoin mining and that it was deliberately made secret, because they hate everything about the cryptos and won't do the job if they knew.

Hi lbr! And everyone else here Wink

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I just want to make sure that everyone knows, my involvement was purely to set up the investors meeting as a non-biased organizer in order to help the community get some answers. rdnkjdi can you update your OP to reflect that? Thank you

I will say this (and yes I know this will make it back to the fib thread haha). It would be nicer if Jasin were to post updates more frequently.