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Topic
Board Altcoin Discussion
Topic OP
Coinssource + BobSurPlus + The Ultimate XStealthcoin Scam - History of Altcoins
by
EmilioNab
on 12/10/2014, 21:20:33 UTC
There is a Pattern to follow every time one market gets dumped or pumped,
every smart investor knows it.

But times are changing, groups of criminals are gathering together to get
your bitcoins every day, and this last one charade, can be recognized
as one of the most epic underground works being done.

The business is simple, on the outside it involves a biased media reporters,
a pump and dump group, and a Coin Community.

Underground the truth is more ugly and smartly manipulated,
The truth is It is only a pump and group behind it, it works in a smart
way, but smart does not mean legal or ethical of course, we've all learned that

It works like this:

BobSurPlus already owns a group of pump and dump where the requirements are BTC (as you could imagine) and New bitcointalk accounts, so they could work as a team under a schedule, this one could work for 2 stages.  

stage 1 :  Target asset (example: Stealthcoin)  they together start hyping and promoting to make it look as if the asset were building a "community" (one can really see a community of 30 people on their IRC and they are only fighting each other, the dev does not care and never visits or interact with their IRC community at all) but it creates the "false impression" of having a community to attract investors.

stage 2:  Troll teams: This ones cover mainly 2 great functions in the team:

a) They send their troll teams to fud and create chaos on other coins that they feel threathened with, and they add on their coin tags at twitter when promoting their new asset to hang on the competitors coin pr. The Troll team then attacks the rival coin by all means, either on irc channels, on their threads or creating fake "Xcoin is a scam dont buy" followed by a lot of pics made by this trolls teams who work for the sole purpose of achieving their goals, which are to take your btc. They do this to continue the plan where the market starts to buy their Asset, based only on market perception manipulation, dont even try to ask this teams for white papers or intelectual thinking. (which is a way to recognize their team)

b) When they are working on an asset, and they are starting to get found and losing mommentum, thats when the second goal of the troll team begins, and thats when the 3rd party involved in Scam group starts to work (Coinssource: Biased media reporter with lot of complains of ethics and news manipulation over the bitcoins forums, they charge different non reported prices, so instead of trust if you pay more your coin gets more stars)

And it works this way:

When the Pump and Dump group finds itself losing momentum in their asset, thats when the whole group starts to dump on each others, making a lot of profits in the way, as they were early investors or joined the coin investing by sending their troll groups to lower the asset price.

That's when they send their troll groups to blame the rival coins and it gets supported and released as news in the coinssource site,
that way they try to go out "clean" and always finish saying phrases like "ohh yeah it will be back, i still have a ton of coins".

When the truth is they have already moved on and are working in trolling or entering their next targets.

one can see the work theyve made on some coins already, creating chaos on the communities left behind (the whole purpose of the troll teams, as then they can rebuy lower and just keep repeating the process where investors are not smart enough to realize it)

Last Biased coinssource article, was just a payed (between dump group and them) article excusing the poor technology behind their last pump and dump scheme ( Stealthcoin, which after a bitcoin core dev giving its opinion on the xst whitepaper it dumped like A lot ) and the pseudo news site reported it was only based on fud.   pretty smart, but only to keep stealing bitcoin from working communities where work means innovation, not like this coinssource + bobsurplus charade.

Pretty smart, as now he has its troll team fighting with another coin, one can just go read the last coinssource articles to know how this scam is perfectly cordinated and worked on.

One can visit their IRC channels and see the real communities behind some coins (groups of 30 ppl where most are clone bots of each other and the topics of talk are only "We will go to the moon soon" "nah you are just attacking the coin" bipolar personalities.) or visit the coins github to really know if a coin is innovating in tech or just copy cloning, and even making questions about whitepapers and latest media about your coin of interest.

Investors, just be careful of where you invest, remember to invest in developers and innovation and you will be safe of this kind of groups.