Hello, thanks for the suggestion - I'd previously sent an email to support@fairbill.com, will try admin@getfaircoin.net as well.
Too bad there are no announcements on the official site about what is going on and what actions should be taken to redeem funds.

idandeal, thanks for the info! Okay, I'll wait for the team to contact me.

I've bought there before and it is referenced on a main site fair.coop as a "FairCoop's trusted service to easily buy Faircoin", so yeah, I'm sure it is not a scam site.

Hey guys, is there something going on with faircoin service selling coins at https://getfaircoin.net ?

Paid for some coins on Thursday with a card, but haven't got any coins yet, after more than two days.

I apologize for going offtopic in advance, but I feel our conversation may be of some use for other forum members.

I agree that any ICO is a risk, then it's up to you how do you choose to mitigate the risk and maximize success when making the decision whether to participate - this is what I'm mostly ranting about.

The incentives for a would-be-scammer are money from ICO, and I think there are plenty. Note that I'm not saying CryptoWi is a scam and I'll be happy if in a couple of years I can walk streets of, say, Madrid, as a tourist, while enjoying Wi-Fi access through CryptoWi app. But still.

Possibly, we assess the effort and costs differently, but lets look what we have:
1) thread for 130 pages on the forum where someone would post news, answer questions etc
2) create, host, maintain a website (without any complex functionality and amateurish-looking, to be honest)
3) develop "application prototype" shown on videos
4) maintain telegram channel/facebook page
5) promote on steemit, medium, icolert, some other crypto media sites?
6) escrow
anything else I missed?
My estimate for pp.1-4 is more than $50k. I dont know how much p.5 and 6 cost, but I doubt the total would exceed $200k. Even if I'm wrong and underestimating the costs for 2-3 times, there is still plenty of incentive, and I'm not aware of an easier way of doing a million dollars in a few months (pls PM me if you do )

As for the ICO model you've described - I understood it as a pyramid. Get tokens earlier, sell them later to someone else for inflated price, move on. So yeah, as in any pyramid, some people will make money.

But how do you think, would this make more people put more trust into ICOs/crypto as a whole?
Wouldn't it actually harm the crypto industry (still in its puberty, if not childhood) if there are two projects on the similar topic, but one of them is a pyramid?
Would scams cause more attention and regulation attempts from the government?
I agree that very little percentage of ICOs are successful projects - basically, as any startups - but by participating in pyramid-like ICOs we ourselves are making this percentage even smaller, aren't we?

So, however naive and pompously this may sound, I'm all for investing only in the projects that wouldn't consider a pyramid, to ultimately help mass adoption of crypto and personal gain, rather than personal gain alone.
Thanks for reading this, apologies for offtopic once again, and sorry for any mistakes in my English.

Nope, he's not explained anything at all, that I wouldn't already know from the website or the topic.
Okay, there are 3 names of the team members on the website, and there are also 2 nicknames of the guys from CET who provide escrow, but for all I know, "Ronald B. Sao", "Deepak Kumar" and "Catherine Oliver" may be non-existent.

I agree that nobody owes me any links, but tell me one good reason not to post them, that would outweigh the positive confidence buildup within community?

Yes, this is one of the measures of judging crypto - to know who the team is, to see what is their past experience and record. And they aren't only mine, there is a good topic on red flags in ICO here - https://bitcointalk.org/index.php?topic=2109970.0

Thanks for the advice to stick to traditional forms of investments, but I think this advice is more appropriate for the people who don't research ICO enough and may end up broke after investing in a scam.

Hello, thanks for the reply!

You seem to be dodging the questions about the team and instead of direct answer to "What is the Facebook/Linkedin profile?" you just copy-pasted the answer from your reply to the previous guy who asked about personalities.

Regarding the "a complex app" - there is no working prototype you can download, only the youtube videos.
And yes, you can build an app with "features" like shown on youtube quite easily with team of just one man, in a couple of days - saying it from professional experience.

Sadly, this all combined hurts confidence a lot rather than builds it, up to a point where you could call it a scam. I considered participation in your ICO, now I better not risk it...

Hey Lambo06 and Crypto Wi team,

got a couple of questions, possibly they were asked before but it's hard to browse 100+ in both threads and there is no FAQ anywhere AFAIK, so:

1) Who are the guys on the team? There is too little information on them here or in search engines, can you post their Facebook/Linkedin profiles here and on the website?

2) What does exactly one buys with Wic? I mean, buying password itself is useless.

3) If you buy access to someone's wifi, is it limited by duration, total usage time, total traffic? If it is, can the owner set any or all of these parameters?

4) If I buy a password, use wifi for some time, and then the connection is lost (owner chooses to change password, turns wifi off, a dozen of other reasons), what happens?

5) If I buy a password and find the connection quality inadequate (for legitimate reasons, or because the owner uses traffic shaping, noone knows), what happens (any refund mechanics)?

6) Is there a desktop (PC/Mac/*nix) version of the application planned?


Thanks in advance for the answers, they should greatly improve confidence in the project!

I'd like to do translation to Russian, sent you guys an email to success at ong.social.

Lol dude, people here tends to be more technically savvy than general public, are you just a troll?

These files are utility scripts for putting actual software together and reusing them is perfectly fine.

If they are being rejected automatically, then maybe it has something to do with daily/monthly limits for your account level? 

Kaboria is right, storage fees will apply after 6 months of inactivity, so its not that bad as I thought, excerpt from the terms of use:

HPt, indeed, you will profit from high BTC/USD rate if you exchange BTC to USD and not the other way around. But having BTC doesn't make you experienced yet. What I meant is - a random newbie googles how to exchange fiat currency to BTC, performs the exchange which is easy to do nowadays, and then goes to cex.io.
About the high rate being is a consequence of withdrawal delays... hmm... maybe you're right, not sure. While I understand that a user, disappointed in how slow his withdrawal goes, may want to cancel it and revert back to BTC, creating upwards pressure in rates, there is a counteracting force represented by the newcomers, attracted by the high rates, who would apply the downwards pressure by their demand to sell BTC, right? So the price will stay high up only if there are significantly more people who wants to get their crypto back and get the hell outta there. Maybe if we get a historic prices chart on cex.io and align it with the statistics on withdrawal-related complaints, it would clear something up - personally I'm still inclined to think that the discrepancy isn't entirely natural.
But interestingly, even if you're right, come to think of it, this doesn't make it not being a flytrap for inexperienced people, it just makes it a self-sustaining flytrap

At the first sight, cex.io is a nice place, providing full stack of services like exchange, trading, margin trading and, what is very much sought after, a convenient way to withdraw fiat funds to a banking card with a fee as low as $3.80.

What's even better, they seem to have an incredibly good BTC/USD rate at their exchange!
At the time of writing:
cex.io 2732.9479
kraken 2650.010
btc-e 2626.001
At times the difference reaches 10%, isn't there a way to do arbitrage even with all the fees you have to pay? Easy money.

Well, not really. Remember the "too good to be true" principle?

It happens to be more like a flytrap for inexperienced people who decided they want to participate in cryptocurrency hype.

You deposit bitcoins there, sell them for a higher price than you bought them for, now time to cash out, right?

Now, to make a withdrawal, first you need to complete the verififcation of your payment card to send the money to. Okay, fine - KYC/AML process. But this takes several days.
Then there is a daily limit of $500 for the withdrawal (and a monthly limit of $2000), unless you do the verification of your personal details. Maybe some time ago this verification was being done quicker, but now this takes multiple weeks.

Then, the main thing people tends to not notice because they don't read terms of use - these terms of use set the timeframe for fiat withdrawal as up to 1 month(!!). There is a review on trustpilot where someone had to wait for at least 38 days, while bombarding cex.io support with messages. This is an unreasonable delay, a magnitude greater than the other places (e.g. 72 hours on btc-e).

A cherry on a cake - they charge you storage fees for currency in your account! Wat? Who else does this? I don't know.
For example, if you exchanged BTC for USD there, you will be charged 2 USD per day. Yeah, charged every day you wait for payment card verification or personal details verification, every day you wait for fiat withdrawal to complete.

I'm not affiliated with any competitors of cex.io, I just don't like businesses treating their customers as idiots. Read the reviews on Trustpilot, it is full of funny stories about withdrawal or deposit, current rating of cex.io is 4.1 out of 10 (and it was 4.6 just a week ago or so).