Post
Topic
Board Altcoin Discussion
Re: [SCAM] BLOCKNET: The Metcalf/Prom Alt-Coin Cartel Scam Exposed
by
leewilson
on 07/11/2014, 17:59:11 UTC
Quote from: Bitcoin Forum
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Quote



CryptoArticles: How the Blocknet ensures its funds cannot be misspent

http://www.cryptoarticles.com/crypto-news/how-the-blocknet-ensures-its-funds-cannot-be-misspent


i heard bittrex is putting a buywall up for block. is this happening for all the exchanges or are they the only one? and what if we bought with  another coin? any offical info on all this?

Only Bittrex https://bittrex.zendesk.com/hc/en-us/articles/203325664-BlockNet-ITO-What-happened-and-next-steps-

They are doing it to compensate open trading on Poloniex

yeah polo dropped the ball a little bit on this deal. oh well should mean less supply of coins and higher value hopefully.

Not the case at all.  I negotiated the terms of the crowdsale for Poloniex.  I made it abundantly clear to the Blocknet team multiple times that trade would be open on Poloniex in both the NHZ and BTC BLOCK markets.  Blocknet was well aware of the arrangement.  



MobyDick_Poloniex because there seems to be a breakdown as to what is being told to the community versus what is really happening would you please let us know some more things.

When you were approached to pull down the sell wall, what reasoning were you given?

Did it violate the agreement you originally had with blocknet?

How many total block's were sold on poloniex?

How much btc did it generate?

Were these funds sent to blocknet?

If so, what btc address and who was the blocknet representative that authorized this?

Thank you.

Poloniex was not asked to remove a sell wall.  The developers selling Blocknet were able to deposit and place the wall at the price they chose and with the quantity of BLOCK they deposited.  The removal of the sell wall was entirely up to the developers and did not violate any previously arranged terms.

The total amount of BTC and NHZ raised during the crowdsale has been tallied, and the addresses funds were withdrawn to have been noted.  I have requested authorization to release these details from Dan Metcalf in an email, and will await his decision before posting them.



UPDATE:  

Dan Metcalf has given approval that the following information be made public:

Regarding Blocknet sales on Poloniex:

37.5060983 BTC worth of BLOCK was sold for BTC
14.31655727 BTC worth of BLOCK was bought with BTC

23.185 BTC was the total raised on Poloniex prior to the removal of the sell wall.

BTC raised was sent to

1PvuqFFhQg69KqsKQ96rwR1RDWqgXeqat8 and 1CDaN8NbNDjdbKtFdKiVh2MM9Gky6efncE


32450774.72149716 NHZ worth of BLOCK was sold for NHZ.

NHZ raised was sent to NHZ-PC95-K8VS-MEX5-7Z5K7

I am guessing these are not the multisig escrow wallets that were mentioned in the last couple of days.
These funds were pulled off of poloniex a week ago.
One has had deposits sent to it on and off since July hence potentially comingling funds from somewhere else.
One appears newer.
Both have multiple smaller amounts of btc being sent out of them to multiple different addresses.

Did the board vote for those transactions? Did the auditor approve?

I notice this did not get addressed. Care to address this now?

Why is ITO gathered BTC from Poloniex being sent by Dan Metcalf to his personal account(s)?

Exactly how much BLOCK was removed from Poloniex?

Where did the BLOCK go that were removed from Poloniex?

Where did the BLOCK go that were removed from Bter?

Has BTC been removed from Bter? If so, where did it go?

In your latest release of new ITO terms it mentions a board and multi sig wallet creation previous to btc removal, or did I read that wrong?

This was deleted a few hours ago. It was posted a couple of  days ago.
Now why would they delete this? There is no "fud" only questions regarding block and btc funds.

Edit: With everything considered synechist (Arlyn Culwick) fully complicit in what appears to be a large scheme.