There are numerous reasons to be very very careful:

• anonymous domain registration
• no contact data other than an email address and an unlisted phone number
• Who are the people behind this site? All the information they provide us with is:
  Quote
  Behind CoinStarter is a team of Entrepreneurs, Economists, Philantropists and Software Engineers working together with the belief of creating something better.
  Basically that tells us exactly nothing about the team and they stay anonymous
• What is there USP? The answer they give is rather meaningless and non-informative. It contains some nice buzzwords but in the end it tells us nothing(again):
  Quote
  Our platform uses artificial intelligence to create and deploy smart contracts onto the blockchain.
  We believe that combining AI with our talents overseeing every stage of the process, we can create the next generation of blockchain technology, that simplifies the blockchain and makes it viable for mass adoption by the public. It's like a drag and drop tool to power your blockchain.
• They claim their tokens have a certain value, based on nothing but their claim. They can't be traded and no ICO price had been realized yet.
• No whitepaper, no source code, no wireframes, no demo, not even screenshots of a product exist.
• While fiddling with the website yesterday I found some hosting related data in a piece of json in a webpage. I scratched out some sensitive data but you can see it contains creditcard related data, including an email address. It also contains hosting plan related stuff and apparently the hosting options they picked are pretty cheap:

• The site looks like someone took some effort to build it, but it is a point-and-click solution website builder (look at the source code)

To recap:
- anonymous domain registration
- anonymous team
- no product
- no whitepaper/demo/screenshots
- non-existing token with an attributed value based on thin air

So what do they have?
- a lure to tease our greedy brain

There are numerous signs that this is either fake or a scam and exactly zero indications that this is a bonafide project.

Better think twice before you sign up.

Please reserve the Dutch translation. I can do it.

Why do you keep ranting? That is of no use. Yes we are stupid and yes people will continue to be scammed. But you have made your point more than once and it does not help this thread forward. It is just annoying if you keep repeating yourself like this.

No source
No escrow
Anon dev
Noob accounts praising the coin

Come on, all flags are red here.
This whole thread walks and quacks like a duck ...

Read the topic. The person we are looking for is Carlos Torres Ferguson, not triswardhani. He used trishardwani's account, but he is not the same person.

That is not an identity check. I can put whatever I want in the whois records of my domains. If you want to give some security, don't come up with whois records, but at least:

- offer Escrow
- publish source code

beforehand.

Refusing to do so makes your coin almost certainly a scam. I cannot remember any coin that was ICO's without any form of security, that was NOT a scam. I do however remember many coins that were a scam.

The same promise like the [LITHIUM][XLTH] scam. Carlos, is this you again?

Red flags all over.

Seems to be a hashnest address, might be an accumulated address, not per se the scammers personal wallet.

Yes Spoetnik, your message is clear by now and I think all of us agree investing in such an obvious scam was stupid. There is no use in repeating your rant over and over again. Let's focus on what can be done to stop scammers like this.

I agree that the red flags were overwhelming, but the identity of Carlos aka crt.ferguson@gmail.com as the scammer, connecting this scam to his history of setting up failed coins and exchanges, could not be found beforehand.

The templar77 account aka Carlos Torres was created in september 2013. Carlos has an account with Bittrex dating from 2014, but it has not been used recently. I think that rules out that Carlos was created as a fake account. Carlos is a real person and he left his traces in the crypto world.

http://www.coindesk.com/press-releases/mexican-coinamex-exchange-remittance-service/


Coinamex.com is again behind privacy registration, and the domein is parked.

https://angel.co/crtferguson
That is the same guy
http://i.imgur.com/vDw39Vb.png

His LinkedIn account is deleted
His Twitter account is also gone

You must read the post of @iqbal26 (msg17591643). @iqbal26 claims that @Triswardhani sold his account, but he leaves out any evidence.

Let's use this for the factual stuff, not for the wild accusations just based on gut feelings.

I think the hack into the devs own account at his ICO and XLTH-Wallet accounts is a good starting point.

Please, let's just post hints and allegations that you were able to verify up to a certain level of certainty. There are more scams and more scammers on the forum, but they are not necessarily pulled by the same scammer just because yout gut feeling tells you so.

Well it is not up to you to decide if we have all the information we need. That is up to your target audience.

But, let's go into a technical discussion, if that is what you want. I take this passage from your "whitepaper", which I would not really call a whitepaper, because it leaves out most of the details, and fails to connect the dots of information that are in it.

ad 1. What does the randomly generated private key look like? What are it's specifications?
ad 1. What does random mean in this case? What type/class of random generator are you using? Is it seeded, and if so: how?
ad 2. "A point on the curve is calculated into a 64 byte array". Many questions:
ad 2. What curve? what does a "point on the curve" mean? What point? what curve? What do you mean by "chosen" ? How does that work? Are there criteria to "choose" a point ?
ad 2. If you have 64 bytes, you have 64 bytes. An array is a representation of those bytes. What does that mean? How many elements are in your array? Is it associative or zero base indexed? How many bytes are used for the indices and how many bytes are for the data? The fact that the 64 bytes are an array implies that they are ordered. Why the ordering and how is the ordering preserved? Why the array representation? Sounds like bullshit to me but please prove me wrong.
ad 3. What do you mean by "collapsing a 64 byte array into a 16 byte array" ? Do you realise that if you reduce 64 bytes to 16 bytes, you are reducing entropy, thereby throwing away information? Lowering entropy is rarely a good idea in cryptographic systems. Please explain why this is a good idea in this case. Oh, and explain the "collapsing" algorithm.
ad 4. Why use 16 bytes for a constant? A constant is a constant. You are not using the 16 bytes entropy. Again: why is this a good idea? It does not add entropy nor information.
ad 4. What is the "Network Bytes" constant being used for? What is the purpose?
ad 5. Again lowering the entropy, by not using all bytes below '100' (assuming 100 in 10-base). Looks like you are throwing away all the advantages of high entropy in cryptographic systems, thereby making your system weaker with every step.

Please answer those questions, because they are a big big concern.


For the non-technical people: the "whitepaper" may seem to use some impressive words, but if you have a technical/cryptographical/software development background, it raises more questions than it answers. In fact, a number of sentences in the whitepaper are technical nonsense, and others are fundamentally wrong.

QFT

He did not beg for gifts or investments.
You don't have Escrow. There is a BTC address and the rest is a matter of trust. That is not Escrow.
Yes, but the thing is you are asking for funds based on just promises
Bullshit. In your OP you tell people that they get REC coins in some sort of "parallel" address using the private keys of the Bitcoin addresses they used for sending. Literally. It is in the OP. Your own words.

Usually, people get personal only when they don't have real arguments, because real arguments are much stronger. Your personal attack is therefore a sign of weakness, and another indication that this project cannot be trusted.

Let's not publish accusations based on gut feeling. Let's stick to facts. It is in nobody's interest if vague accusations that may or may not be linked to the XLTH scam are fogging this topic. Remember that the goal is to find the guy who pulled this scam. The people who lost money to XLTH are not helped by posting gut-feeling accusations.

BE CAREFUL PEOPLE, THERE ARE A LOT OF RED FLAGS HERE:

• Anon dev
• No Escrow

Promises things that are to good to be true: it walks and talks like a duck.

• Github user is new and anon as well
• Source code on Github is just C# and lacks a LOT
• Source code on Github is C#, but OP mentions OSX and Linux as targets as well
• This is dead wrong:
  
  Quote
  Deposit any amount in BTC to 19vVPuzXPBUiNdnr6KZwYP9rAtdtWkDjqi until 2017/03/01
  Get x150 to your parallel REC address
  (using the same private key of the BTC address you've sent from; funds will be hardcoded into the genesis block).
  Launch is expected in September 2017.
  
  Private keys are private keys. They should never be available for anyone but you. The person who has your private keys, controls your Bitcoin. So if the dev states that he uses your private keys to create REC coins in a "parallel" address, that alone should be enough to abandon this coin/project.

Keep your private keys safe. Make sure nobody gets your private keys. If someone is after your private keys, he is after your bitcoin!

Lets not post every suspicious activity. Take some time to link it to the XLTH scammer. If you cannot find a link dont post it, at least not in this topic.