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Showing 20 of 24 results by raindropactual
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Board Scam Accusations
Re: Victims of Oyster Pearl $PRL October 2018 sought
by
raindropactual
on 22/07/2020, 21:08:02 UTC
By "specifically those people who purchased within this 24-hour-timeframe" you mean "ONLY those should get in touch" or "ideally those people, but people who bought at a different time are also welcome"? Grin

At this time, only those that purchased within that timeframe will receive a response. If you wish to provide information, you're welcome to do so via email: rich@cipherblade.com -- but due to volume of data such an open door may result in, I can't promise a response beyond acknowledging receipt.
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Topic
Board Scam Accusations
Re: Victims of Oyster Pearl $PRL October 2018 sought
by
raindropactual
on 22/07/2020, 20:32:33 UTC
Is there a way for me to fill in the form without signing into my Google account, looks super sketchy to me.

Requiring a Gmail account makes it harder for the same individual to submit the Form multiple times, mitigating pest responses substantially. Requiring a Google account to log in to a Google domain isn't sketchy, though I understand your apprehension about a Google account being asked for as a login to anything linked in a cryptocurrency forum.

That said, if you don't own or wish to create a Google account, you may email rich@cipherblade.com and we'll take it from there.
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Topic
Board Scam Accusations
Re: Victims of Oyster Pearl $PRL October 2018 sought
by
raindropactual
on 22/07/2020, 20:30:36 UTC
I'd fill out the form if it didn't require signing into a Google Account. Otherwise DM me an email address to follow up. Would be good to know who's asking for this information as well.

I'll DM you an email address right now.

Actually, you'll need to enable DMs for that.

Or you can contact rich@cipherblade.com and we'll verify from there.
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Topic
Board Scam Accusations
Re: Victims of Oyster Pearl $PRL October 2018 sought
by
raindropactual
on 22/07/2020, 20:27:05 UTC
I'd fill out the form if it didn't require signing into a Google Account. Otherwise DM me an email address to follow up. Would be good to know who's asking for this information as well.

I'll DM you an email address right now.
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Topic
Board Scam Accusations
Re: Victims of Oyster Pearl $PRL October 2018 sought
by
raindropactual
on 07/05/2020, 18:27:30 UTC
Bumping this up, as responses are still being sought.
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Topic
Board Scam Accusations
Topic OP
Victims of Oyster Pearl $PRL October 2018 sought
by
raindropactual
on 28/04/2020, 01:07:26 UTC
Potential victims of the Oyster Pearl smart contract manipulation incident (https://bitsonline.com/oyster-protocol-founder-exit-scam/) are being sought.

Specifically, individuals who purchased PRL between 10/29/18 16:20 (UTC) and 10/30/18 16:20 (UTC), who are willing to be contacted, are sought.

No promises of restitution or action are made in return for completion of this form, however, information you provide will identify you as a victim of this incident and may assist in further assessment of this matter and potential future action.

If the above criteria is met, the Form is here.
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Topic
Board Bitcoin Discussion
Re: Proof of Keys is coming. One exchange is going to fail. Stay safe, take action.
by
raindropactual
on 16/12/2019, 20:56:55 UTC
An interesting development. But it can make a positive contribution. Hitbtc has recently been wounded in this regard. Everyone has to pay more attention to security. New developments are happening but there is another issue The intentions need to be good. Blockchain is a revolution or the mainstay of new ponzi systems.

There's an easy way if the melts bother you. Choose Dex Exchanges. Your money stays in your wallet!

They've been wounded, but let's make sure it is the death blow.

74 BTC and dwindling. More trading pairs going offline.

SPREAD THIS.
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Topic
Board Bitcoin Discussion
Re: Proof of Keys is coming. One exchange is going to fail. Stay safe, take action.
by
raindropactual
on 16/12/2019, 18:07:05 UTC
If you think this isn't resulting in anything, you're wrong: https://twitter.com/Raindropactual/status/1206413497925390337

HitBTC's BTC wallets have continually drained over the past days, currently under 90 BTC collectively. There has also been a huge uptick in selective scam reports from people on Twitter, Reddit, and their own Telegram channel. Also, some trading pairs have mysteriously "gone down for maintenance" -- AKA, HitBTC liquidating those shitcoins to get a little more BTC to pretend to be operational.

With a strong push from the community, we could make HitBTC too insolvent to even pretend to be functional.

Strike now.
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Topic
Board Bitcoin Discussion
Re: Proof of Keys is coming. One exchange is going to fail. Stay safe, take action.
by
raindropactual
on 16/12/2019, 17:07:35 UTC
~
The amount that participate depends upon the amount that care enough to spur such participation. If I had to guess, if 10% of the wider industry/cryptocurrency users were aware enough to participate, it'd be the end of HitBTC. It's totally achievable. This isn't isolated to Proof of Keys, either. If more people were warned about Bitconnect (and heeded those warnings earlier,) the fraud wouldn't have gone on as long and less people would've been burned.

It sounds like you disagree with some elements regarding Proof of Keys, which would be a whole other debate. However, if you can't get behind folks running the hell away from HitBTC, well... oof.

you are focusing too much on a single exchange while there are so many more exchanges that are a lot more scammy than HitBTC such as Yobit, bittrex, poloniex,... and there are indisputable proof of their scams. but guess what, nobody cares and they still keep going back to these exchanges and get scammed!
events like Proof of Keys are just social media drama that achieve nothing as long as people are blind to the warnings.

None of the exchanges you cited are more scammy than HitBTC.

I'm not doubting your commentary on Yobot, but Bittrex is far from "scammy." Provide anything to dispute that and I'll review it. Same for Poloniex -- and I have my disagreements with some of their recent decisions, but if "scammy" is defined as insolvent/selective scamming, no.

Apathy of others isn't an excuse for yours. Make people not blind to the warnings. I seem to have more faith in your abilities than you do.
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Topic
Board Bitcoin Discussion
Re: Proof of Keys is coming. One exchange is going to fail. Stay safe, take action.
by
raindropactual
on 15/12/2019, 23:12:20 UTC
~
Nobody is saying to stop trading completely, or to disavow from all exchanges.

Proof of Keys suggests to withdraw from exchanges, sure -- but does not say to do so permanently, nor to stop trading.

The particular undertaking I'm advocating for is a lot more specific.

The fact "nobody cares" (which isn't true -- this has gotten a fair bit of traction, but perhaps you're remarking on the ratio of interest on this topic relative to moonlamboprice talk) is a problem in the industry.

Your analogy has zero foundation.

i am talking about the market disruption that such actions would cause and the fact that it will not solve anything at all. it is not about "moonlamboprice" but it is about price. lets take a look at the event.
what is it trying to prove? insolvency of exchanges. how many would participate? 1%? 5%? 10%? 100%? i'd say it is small around 5%. even the worst exchange at the brink of extinction could pay that many users and fool everyone that everything is OK! so what would be the result of the event? it proved that an insolvent exchange is not insolvent! all the while create some unnecessary transactions on the mainnet (ie. spam) twice, once when they withdraw and another time when they re-deposit.

now lets say bigger percentage like 80% participated. the result would be to prove a single particular exchange is insolvent but also it will create chaos in the market as now the remaining 20% control the price. they can easily push it in any direction they want, you can wake up and see price has gone up to $18k or has dropped to $3k because there is no support or resistance anymore as 80% of the market has abandoned it.
and not just that, every single exchange out there would start having problems as they can't pay all their users right away since they keep most of their coins in cold storage that takes time to retrieve.

that is why i don't see anything good coming out of this... but i guess we will see once again how the results of it are going to be in a month from now like last year Cheesy

The amount that participate depends upon the amount that care enough to spur such participation. If I had to guess, if 10% of the wider industry/cryptocurrency users were aware enough to participate, it'd be the end of HitBTC. It's totally achievable. This isn't isolated to Proof of Keys, either. If more people were warned about Bitconnect (and heeded those warnings earlier,) the fraud wouldn't have gone on as long and less people would've been burned.

It sounds like you disagree with some elements regarding Proof of Keys, which would be a whole other debate. However, if you can't get behind folks running the hell away from HitBTC, well... oof.
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Topic
Board Bitcoin Discussion
Re: Proof of Keys is coming. One exchange is going to fail. Stay safe, take action.
by
raindropactual
on 15/12/2019, 01:53:13 UTC
Over/under on "partners" of HitBTC bailing over the next month?  Grin
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Topic
Board Bitcoin Discussion
Re: Proof of Keys is coming. One exchange is going to fail. Stay safe, take action.
by
raindropactual
on 14/12/2019, 16:00:22 UTC
I however don't think we'll see them do something similar this year. They must have noticed that there isn't much community support for such an event. You'll only see so called Bitcoin maximalists bark on social media, but I'm quite sure they aren't withdrawing funds themselves.

nobody in the community cares about this event because it is very flawed, verging on idiotic.
it is one thing to tell newbies not to "store" their coins with third parties when they don't control the keys, but it is another to tell "everyone" including traders to stop trading and pull their coins out of exchanges for no reason!
it is like telling everyone not to go out of the house because they may have a car accident!!!

Nobody is saying to stop trading completely, or to disavow from all exchanges.

Proof of Keys suggests to withdraw from exchanges, sure -- but does not say to do so permanently, nor to stop trading.

The particular undertaking I'm advocating for is a lot more specific.

The fact "nobody cares" (which isn't true -- this has gotten a fair bit of traction, but perhaps you're remarking on the ratio of interest on this topic relative to moonlamboprice talk) is a problem in the industry.

Your analogy has zero foundation.
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Topic
Board Bitcoin Discussion
Re: Proof of Keys is coming. One exchange is going to fail. Stay safe, take action.
by
raindropactual
on 14/12/2019, 02:04:52 UTC
More and more people on Twitter have had fraud prevented by many people (possibly including some of you) sharing this piece.

Let's keep up the momentum. This is our moment to demonstrate our industry is no longer in infancy. Take the 30 seconds and do something for our industry that will echo in eternity.
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Topic
Board Bitcoin Discussion
Re: Proof of Keys is coming. One exchange is going to fail. Stay safe, take action.
by
raindropactual
on 13/12/2019, 21:58:29 UTC
I challenge the Bitcointalk community to make 2020's Proof of Keys the most impactful one yet. But it will take you reposting the writeup and raising awareness. Protect your fellow cryptocurrency friends from HitBTC's fraud.

it's a nice idea, but i don't think proof of keys has ever had much of an impact. in fact, i recall a scandal around this year's event where hitbtc froze accounts the day before: https://bitcoinist.com/hitbtc-trace-mayer-john-mcafee-keys/

but after a couple days, everyone forgot about it and things went back to normal.

i've been warning people away from hitbtc for a while, but experience has taught me that most people won't learn until an exchange fails or exit scams with their money. until that happens, people just don't understand the gravity of the risks they are taking by storing funds on exchanges.

Fair observations about the apathy demonstrated by many cryptocurrency users in past years. Why not change it this year, though? HitBTC is likely at a level of insolvency where an adequate amount of action could be the final nail in their coffin.
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Topic
Board Bitcoin Discussion
Re: Proof of Keys is coming. One exchange is going to fail. Stay safe, take action.
by
raindropactual
on 13/12/2019, 16:49:58 UTC
HitBTC is one of the worthless exchange in this industry full of fake trades and volume. It's so shameful how people are taking advantage of the blockchain industry to commit all these scams. Project managers should make the necessary research about exchanges before listing their coins over there because so many coins have lost their value when listed on HitBTC because of its low fake trading volume.

This.

At this point, it's not just on HitBTC -- but as the publication discusses, the entire industry.

If a blockchain project (ICO or otherwise) lists on HitBTC, now that this is public knowledge, they're essentially saying "we don't care about the risks to users of our coin/token, nor the problems HitBTC poses to the industry."

There are numerous other listing options, some of which are cheaper. It's fairly likely, at this point, if a project can only get listed on HitBTC, it's because they failed/would fail due diligence of reputable exchanges. A red flag in and of itself.
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Topic
Board Bitcoin Discussion
Re: Proof of Keys is coming. One exchange is going to fail. Stay safe, take action.
by
raindropactual
on 13/12/2019, 15:41:03 UTC
Post
Topic
Board Bitcoin Discussion
Re: Proof of Keys is coming. One exchange is going to fail. Stay safe, take action.
by
raindropactual
on 13/12/2019, 04:34:56 UTC
Another one stupid event. Are you undestand what one big dead exchagne may cause? Another one fud wave and another one drop

If you're suggesting that it's less damaging to the industry to permit HitBTC to continue to selectively scam (or exchanges to continue to operate insolvenet) because of "FUD" -- you're thinking (generously) short-term, and more accurately, you're missing gaps of context.

If anything, the industry self-policing would instill more confidence.

Stop thinking of price in a one week timeframe. Start thinking 3-5 years.
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Topic
Board Bitcoin Discussion
Re: Proof of Keys is coming. One exchange is going to fail. Stay safe, take action.
by
raindropactual
on 13/12/2019, 02:22:38 UTC
When you say 'banks have been doing this' what do you mean? Fractional reserve is one thing. Selective scamming ran by an anonymous team pretending to be conducting AML? Very weak analogy. I see the direction you're trying to go here, but it's apples and oranges -- and I'm critical of banks, too.

This year. we can make HitBTC fail. I concur such efforts should not be isolated to Proof of Keys, but how fitting would it be to have that be the time HitBTC is too insolvent to even pretend to function?

The whole Proof of keys thing is just an exercise against fractional reserve. I have no idea what other type of scam you refer to, as i have not been checking the services discussion (or scamming) about that particular exchange. The event itself is general directed at no specific site but to all of them.

From your intention, simply convincing their customers, and their customers alone would do. A sort of boycott. If their customer base doesn't get in panic, even if some of them withdraw slowly, they will have time to shrink (same as banks). Unfortunately i doubt all their customers read Bitcointalk, let alone your message. I bet many don't even speak English. Only a scandal and people unable to withdraw would get their attention, and by then it is too late. That's how all of the earlier failed exchanges went. Not unlike a bankrun...

I think you should read the blog post: https:/[Suspicious link removed]/ZxJSZ3RuH0?amp=1 -- no offense intended (in fact, it seems you and I see eye-to-eye on some things like banks) but I think you're missing some context.

Proof of Keys is not just an exercise against fractional reserve. In fact, fractional reserve really isn't the most appropriate terminology -- it'd be "solvency." Exchanges, by premise of being a custodial service, are evaluated on solvency. If exchanges were permitted/expected to run on fractional reserve, man, we'd be in a way worse spot with the industry right now, lol. The point is that exchanges shouldn't be on fractional reserve at all (under the model of most centralized exchanges) and if they can't prove that (via solvency) than... it should speak for itself.

You are correct in that it will require a ton of elbow grease. Warning their current customers and preventing future customers is, indeed, a hell of an undertaking; hence the call to arms on this. I agree with you -- Bitcointalk constitutes a slice demographic of HitBTC users, hence why this has been shared on varied platforms --  let alone, as you mentioned, the language barrier, which is why the blog post encourages translation and sharing. Ultimately, the goal is to get this information in front of as many people as possible -- less victims of HitBTC's scheme is a good thing for the industry.

The best case? So many people (existing HitBTC users) withdraw, and so few people (would-be HitBTC users) deposit, that HitBTC is forced into the 'scandal' you describe. This ultimate goal is described in the blog post. So, in reality, we're on the same sheet of music, friend  Grin
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Topic
Board Bitcoin Discussion
Re: Proof of Keys is coming. One exchange is going to fail. Stay safe, take action.
by
raindropactual
on 13/12/2019, 01:27:27 UTC

I challenge the Bitcointalk community to make 2020's Proof of Keys the most impactful one yet. But it will take you reposting the writeup and raising awareness. Protect your fellow cryptocurrency friends from HitBTC's fraud.

This is the longest-running and possibly largest scale fraud that has ever taken place in our industry. This deserves your time, at least to skim through the post and share. Price talk can wait. If you're "in it for the tech" speak with actions, not words.

I understand that many people are really doubting the viability of the HitBTC exchange and this suspicion has been going around for years now. Though of course, the exchange is still doing good business some are already picturing a bleak future for this platform. Actually, this exchange is not on my priority list as a service provider because of a bad experience before and I do not usually make a lot of trades in there and just do it if there is no other choice (when a certain asset can only be traded in HitBTC). Will this exchange implode in 2020? Let's find out by just waiting.

The point is, every time you make a trade on HitBTC: you take a risk for yourself and finance a fraudulent operation. The article discusses this.

It's not just "suspicion" about HitBTC. The facts are all there. It's not just "bad experiences." It's data. And it's about things bigger than that trade you want to make: the health of our industry.
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Topic
Board Bitcoin Discussion
Re: Proof of Keys is coming. One exchange is going to fail. Stay safe, take action.
by
raindropactual
on 13/12/2019, 01:19:44 UTC
I challenge the Bitcointalk community to make 2020's Proof of Keys the most impactful one yet. But it will take you reposting the writeup and raising awareness. Protect your fellow cryptocurrency friends from HitBTC's fraud.

This is the longest-running and possibly largest scale fraud that has ever taken place in our industry. This deserves your time, at least to skim through the post and share. Price talk can wait. If you're "in it for the tech" speak with actions, not words.

And yet banks have been doing this for more than a century just fine, and no one cares. As time passes i think the temptation will only increase, and the shadier exchanges/online wallets will do fractional reserve in secret, just like bankers did before it was made legal by their own lobbying in the 19th century.

Last year no site failed because of the event. If anything they can be prepared for it, its kinda useless to tell them in advance. Its like they can simply borrow some money for a few days, not unlike a bank avoids bankruptcy when their central bank loans them the money needed to wait for things to "calm down".

Bitcoin day should be named as such, and sure you can celebrate it among other things by withdrawing all your money from any online wallets in advance, among other rituals you may have. But don't delude yourself thinking that because the site still operates after Jan 3 means its safe. Not in your wallet, means not in your control. You don't (and should not) wait for Jan 3 to find out.

Make sure you participate in the service discussion area for any specific claims against specific sites...

When you say 'banks have been doing this' what do you mean? Fractional reserve is one thing. Selective scamming ran by an anonymous team pretending to be conducting AML? Very weak analogy. I see the direction you're trying to go here, but it's apples and oranges -- and I'm critical of banks, too.

This year. we can make HitBTC fail. I concur such efforts should not be isolated to Proof of Keys, but how fitting would it be to have that be the time HitBTC is too insolvent to even pretend to function?