I'm not trying to be a keyboard warrior and I'm not 'needlessly bashing'? You and I both know that you want to raise ~$90,000 by providing us with this small summary + a Skype call and then you make a paragraph about how you're so entitled to receive this? You've just continued to ignore your extreme lack of quality information by saying "You can talk to me on Skype!". I mean you have really provided us with no transparency, again I point to the limited and asymmetrical information you've given us. Legitimate opportunity? You haven't even told us what business entity the project will be operated under??

Also, what I've never understood is why were investors happy that the people (not just you but others) behind these 'investments' never show their real identity. Honestly anyone who wants to raise more than $10,000 let alone nearly $100,000 and should be able to provide a detailed document/prospectus with multiple pages, possibly including financials and people should be able to know exactly what you look like. For REAL stocks we all can find out everything and anything about every senior manager in that company including their photos, where they live and employment history. But here, a lot of people just seem to be happy with the project owner's hiding their identity completely.

I am sorry but we are just going to see regulation, regulation and regulation, thanks to the weak demands of the investors and people trying to raise 2 years worth of an average Western wage over a week on a forum with such little information and then you are surprised when others criticise you.

Firstly, I disagree when you say that our sentiments are based on a hyperbole when no one can deny the amount of "investment opportunities" where investors have been scammed or the funds were mismanaged, which are basically carbon copies of exactly what you are proposing today. You have not scammed yet so I won't call you a scammer, however you haven't offered us a business plan or anything with more detail, you have only provided a small 9 point summary. There seems to be no explanation about risk mitigation or plans for failure. Also, IMO if people are going to keep investing in those who propose "investment opportunities" that aim to raise tens of thousands with such limited and asymmetric information being offered then we are begging for greater regulation.


There's really nothing restricting you from running off with the funds. I mean if you were to take $100 from the cash register in a retail position, it would be incredibly embarrassing, you would have a criminal charge and go to court. Whereas if you steal $93,000 here then you'll probably remain unpunished perhaps for the rest of your life and get to enjoy that money. I understand that this is a universal problem among practically all investments offered here but if this is all you're going to provide us in the aim of raising ~$93,000 then I'm not sure why you wouldn't expect any commentary like this.

Look we all know what's going to happen, the forum has been there and done that. You raise your 250BTC and then you go to Just-dice. You're playing and win about 10BTC which is great you've already made 4% ROI for doing nothing. THEN you lose about a third of everything and after that you will panic as well as bet aggressively to get it all back and in the process of that, lose it all. Thanks for trying though...

Thanks for that, you're right it was on the Quebec Enterprise Registrar!  I didn't realise because I know places like USA, UK and Australia usually handle corporate law on a Federal level.

I believe the OP only said most of that and wrote the misleading title, ">> WARNING: COINSORTIUM and ARDEVA SCAM >> Identity theft" just to get the response that he did. Everyone should be aware of identity theft sure, it can happen anywhere but I also work in a position where I have to obtain photocopies of customers' Government ID sometimes and other sensitive material to verify their identity. There is really no difference between saying that I am an identity thief just for requesting these documents, by your logic.


Yes, identity theft is a lucrative and evil trade but individually, photocopies of an ID and a utility bill isn't going to get you anywhere near the amount that a project/asset owner would raise. You're probably thinking of identity theft involving physical cards/documents or skimming credit cards.


Apparently it is, as frederichoule pointed out the website by his claim is under a registered Canadian company, I agree I can't find any evidence of that on the website itself. However, with a WHOIS search you can find that the organisation listed under ardeva.com is the 'TRIAXO GROUP'. Besides that it appears WHOIS Privacy isn't even on so it appears that Ardeva is likely being very transparent themselves. One thing I will mention though is  when I try to search for the "Triaxo group" on www.ic.gc.ca, nothing appears. Besides that if Ardeva isn't actually operated under a company, then that means that it would have be a proprietorship/sole trader business which means there is substantially more risk for the founder anyway. If anything, not operating under a company means there is more risk and scrutiny for the founder.

At this time, I won't recommend any exchange, each of them has their advantages and disadvantages and I understand why you would be hesitant. However, I believe if you present your project and business plan comprehensively and transparently in your listing and it would be a very good idea to create a website, then it will be easier to raise the capital that you need. Although, you point out that there are problems with the various asset exchanges, I just believe that people would be more likely to purchase shares there because they can trade them in a secondary market where you can view the orderbook, price history and other important data.

What annoys me most about "funds" is that it is a very lazy way of raising people's money. Most end up as Ponzis, becoming a Ponzi or just fail. Don't get me wrong I like the idea of these "fund" and I would invest in them from time to time but it is so annoying when there are apparently 5 new funds every week just because it's obviously a very lazy job for those who don't know what they're doing. Despite that, I am not saying that all bitcoin funds are scams but it appears that it's very difficult to find one good fund manager, the only people who want to create funds are usually new members or have some other flaws and are likely quite inexperienced.

I could be completely wrong but from observation, it seemed as though BTC/USD increased to $1,000 each last year because most of the speculators (particularly the newest speculators) hoped that people would develop more and greater services which would be centred around bitcoin. Which has happened but not quick enough then most had hoped and this is completely due to Government intervention, particularly China who is trying to eliminate it completely and the US Government would love to do the same thing but instead they will keep crippling the unregulated financial services offered in bitcoin. Now, I might be wrong but I believe that the fact that these asset exchanges and lack of banking services is a major contributor to why the price isn't higher than it is now. If everyone believed they could get huge returns quite easily using bitcoin then of course the price would be back to where it was beforehand. If people were so scared about the volatility then they would just hedge.

This sounds like a good project, however are you planning to list this on any of the exchanges available or will these shares be non-exchange traded? Thanks.

I was very lucky not to lose anything from inputs.io, all I can say is I'm happy that I was sceptical in the first place. I never liked the way others trusted him, never liked this whole ripple debacle and some could say it was more difficult to criticise him than others on this forum.
There are still many users out there, today and yesterday who keep advocating his profile and praise him for providing some users with a partial refund. TradeFortress fucked up very very bad even if he is telling the truth, he is still more than likely extremely negligent. The fact that he refuses to file a police report is in itself means that an inside job was probable (perhaps not certain). A NSW Police spokesman said there was no complaint made and suggested one should be filed and the case would be "treated like any other theft", yes the police are very limited regarding bitcoins but if TradeFortress was confident enough to do the right thing and file a police report then that would prove him to not be a scammer, just negligent.

TradeFortress I have some questions, which you probably won't answer:

1. Why don't you file a police report? Especially after the comments from NSW police. I understand that this is a grey area and you may not know where you stand in regards to the law, after all we're talking about a currency exchange here not a bakery. However, I can't accept that you have not sought advice from a lawyer and if you haven't then that is very very dumb, should have been an absolute priority. Something tells me that you have visited your lawyer and they have advised you that you will get into trouble (by exposing yourself to a possible investigation) if you file a police report. That's the only logical reason I can think of regarding you not filing a police report.

2. Are you even incorporated? Honestly if you are not incorporated and you are operating under your name, 100% everything in your name with all your assets and credit at huge risk then I would be shitting myself 100x more.

3. Finally, as everyone else had suggested why hold so much available btc online? This is finance 101, you could have easily used the internal data freely provided to you to determine how much should be provided online daily and if you can't or don't have time then you should have hired a financial controller.

In the short time that I have been involved with bitcoins and particularly this forum, I have noticed there are some big reasons why small and large bitcoin services fail, two of which I'd like to point out. Firstly, scamming of course and secondly, the owner always places too much work on himself and refuses to hire anyone cause they're 'scared'. I mean really just get your employees to sign an NDA loll.

This is a joke. Fees is one way for a bank to make revenue, you don't raise capital to 'make fees cheaper'.. That makes no sense at all, in fact that is something a manager should never say to potential investors and they definitely don't want to hear about the various concessions you're giving to customers and as a result the additional revenue you lose from being 'nice'. It shows you don't specifically have plans to price your items accordingly to supply and demand (i.e. maximise profit). Also you constantly avoid the "$12 million question"... What tangible assets have you contributed that entitles you to a $12 million valuation? I hope you're not going to tell me that you plan on debiting the 'ideas' account for $12 million and then credit shareholder's equity.

Also who are you? What is your education and experience? Do you plan to make revenue from fees, interest spread between loans and savings and gain on sale/investment. You say something like there are a 'few finance' people who have 'worked at a bank here' which is worth nothing at all, you are still completely anonymous. You are giving public shareholder's only a 20% equity stake, therefore wouldn't it be correct to say that once the $3,000,000 is raised, yourself and whoever else has a stake in the company will become instant millionaires... That is you would own 80% of the cash that didn't come from your pocket or $2,400,000.

Thanks! 

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As if anyone could care what a narcissist who has no idea about corporations law has to say. I'm not sure where you receive this overwhelming yet evidently fabricated sense of superiority which is clearly a misconceived assumption on your behalf. If you believe I'm 'shockingly retarded' then that undeniably says much worse about yourself. Clearly the OP needs to be made aware WHY there is value in these very high ventures, which I have explained accurately. He obviously has no idea about the business entity which anyone with any sense in commerce would realise that is a fundamental topic to be aware of.

Are you incorporated? If not, how are we going to receive a share that is of value to us? A share in a COMPANY is value to us because we own it legally. A share in a LISTED ASSET on Bitfunder/Btct co etc. is value to us because there is a sophisticated secondary market to trade these 'shares' even though the issuer might be a sole trader.

However, if you are just a sole trader, who isn't going to list or incorporate whatsoever then these 'shares' are of no value. In fact it wouldn't even really be a contract so I'm not sure how someone could take legal recourse if necessary.

New to business? One of the most important things to read: Main types of business entity's

http://en.wikipedia.org/wiki/Company
http://en.wikipedia.org/wiki/Sole_proprietorship
http://en.wikipedia.org/wiki/Partnership

I'm wondering this too, I understand that it is incorporated and I could be wrong but I was aware that apparently registering a company in the BVI means that you do not have to publish a lot of important information. According to a few sources director and shareholder information does not have to be disclosed, neither any accounting regulation or annual report. I think if you plan to raise ~$1,000,000 USD (BTC10,500) there should be something legitimate available for people to identify your company and you as director/probably 100% shareholder. Since (apparently) we can't access any registers even though you've registered a company so no one can really tell if you have or not.

Source: http://www.onealwebster.com/guide-to-incorporating-companies-in-the-bvi/

Again I'm no expert on international corporations regulation and law, particularly in BVI company law so someone can prove me wrong.

I agree, we need some records that prove that we hold our stock in listed assets. When trading shares (that is real shares), I use an online broker who immediately generates a PDF when I make a purchase or sale. It usually has details such as; amount of shares I purchased/sold, amount in $, company, date/time etc. All the info you could need. I believe Bitfunder, BTC-TC and any other notable exchanges should have a somewhat similar system, so that a pdf of the trade could be provided under trade history or something. Again, I don't know how expensive or efficient it would be to set up something like that.

Then you are out of options. Save up some money and start something then.

I'm not judging you by your age, it goes beyond whether people think you are fit to run a business or not just cause you're under 18. I am saying that in the USA and many other countries, the law says that anyone under 18 cannot sign a contract. That includes every single 'I agree to the Terms and Conditions' boxes that you have ever ticked, no one can sue you because you are a minor.

If you loan $1,000,000 from someone and you don't pay them back, that person can't sue you or your parents. You could boast to the police how you conned someone into giving you a $1,000,000 and they couldn't touch you. That is why no adult will make a contract with someone under 18, which would also include using your proposed exchange.

I just found another thread where you say that you are 13:

https://bitcointalk.org/index.php?topic=257747.0

Do you realise that because you are under 18 you can't enter into binding contracts with anyone unless your parents take complete responsibility and that usually includes everything from loans to mobile phone contracts. Therefore anyone who loans to you or 'invests' in anything you create will have ZERO legal recourse (they can't sue you), no adult is going to do this because they know that you have no legal liability. For this reason alone minors attempting to raise funds through loans or 'investments' should have trade warning tags.

So then you could provide evidence that you have BTC1,000 capital ready to go on this project.