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fatlever

Market needs to be cleansed of Chinese Scams

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3 hours ago, Eric123 said:

Possibly true???? If you weren't probably a teenager yourself you would know you can't take billion dollar projects and slam them as frauds based on something that is "possibly true" .  It's libel.   

  • Libel is Vechain declaring that they have a partnership with BMW and BMW coming on twitter claiming they DO NOT have a partnership with VeChain
  • Libel is VeChain declaring they have a partnership with Vitalik Buterin and Vitalik saying he really doesn't know anything about VeChain

 

  • Libel is Vechain declaring that they have a partnership with Oxford University and later having issuing an apology that they lied 

And these are only the ones where they have been caught and called out.  It's enough to evidence that they are lairs, frauds and manipulators.  

 

Now they are running separate  "binding lotteries"  where node holders and regular holders can win millions or thousands of coins in a lottery system if they HODL for a year. Behavior like this makes it evident that this is not some enterprise system that is being adopted but a token system relying on lies, deception and trickery to scam and/or incentivize people  

 

Edited by fatlever

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@Mr_McFearson  

2 hours ago, Mr_McFearson said:

pure inflation created by Tether and Bitfinex,

????  this might be the stupidest thing I've ever seen someone write in this forum -  this phrase shows a profound misunderstanding of the listed projects, Tether, Bitfinex and the definition of inflation.  I am just going to cut you some slack and assume you are not completely retarded but rather just  not very familiar with crypto of the English language.

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Guest

If your mind cannot distinguish between possibilities and probabilities, that is where your issue lies. However, denial does cloud the judgement well if there is money involved. People don't want to believe facts, even if they are right in front of them. 
I never said the whole Tether / Bitfinex thing was probable, but it is possible. How do we know? 
Your insults aren't welcome here, and it's shaming that we can't just have an intelligent debate.

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https://weis2017.econinfosec.org/wp-content/uploads/sites/3/2017/05/WEIS_2017_paper_21.pdf

https://www.nytimes.com/2018/06/13/technology/bitcoin-price-manipulation.html

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066

http://www.businessinsider.com/trading-technologies-partners-with-coinfloor-2018-7

"But this might be the stupidest thing you've ever read."

https://www.express.co.uk/finance/city/990608/Bitcoin-price-ripple-cryptocurrency-ethereum-BTC-to-USD-XRP-news-tether-Roubini

 

Essentially, Tether (owned by bitfinex, no surprise and documented fact.) is able to create USDT out of thin air. People can "purchase" tether, but they cannot redeem tether. So let's say Tether WAS manipulating the prices, this is how it would work.


1>Tether prints 250,000,000$$ at a time in their USDT(That is ALOT of currency that can be created out of thin air, without backing.)

>>> https://omniexplorer.info/address/3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL (Tether printing address.) >>>  https://omniexplorer.info/address/1NTMakcgVwQpMdGxRQnFKyb3G1FAJysSfz (Tether distribution address, usually pumps into markets millions at a time.) >>> https://omniexplorer.info/address/1KYiKJEfdJtap9QX2v9BXJMpz2SfU4pgZw (Bitfinex address)

2>Printed Tether goes toward altcoin, and btc markets. Because tether cannot be redeemed for currency, alt coin selloff to BTC assists with volume / moving BTC price up. This is also correlation of watching BTC price raise and a btc/(coin) pair price drop. Notably, USDT and other currencies can be wash traded or spoof traded on bitfinex, and kraken, and this happens often to liquidate ask and bid orders.

3>Simultaneously as btc is pumped, it is also sold off for fiat, which slows raising the price too noticeably. As it is sold for fiat, if one entity is controlling the operation, they are effectively draining liquidity from the market without putting a single dime in, other than artificially creating USDT.

 

 

 

Edited by Guest

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On 7/20/2018 at 7:30 PM, fatlever said:
  • Libel is Vechain declaring that they have a partnership with BMW and BMW coming on twitter claiming they DO NOT have a partnership with VeChain
  • Libel is VeChain declaring they have a partnership with Vitalik Buterin and Vitalik saying he really doesn't know anything about VeChain

 

  • Libel is Vechain declaring that they have a partnership with Oxford University and later having issuing an apology that they lied 

And these are only the ones where they have been caught and called out.  It's enough to evidence that they are lairs, frauds and manipulators.  

 

Now they are running separate  "binding lotteries"  where node holders and regular holders can win millions or thousands of coins in a lottery system if they HODL for a year. Behavior like this makes it evident that this is not some enterprise system that is being adopted but a token system relying on lies, deception and trickery to scam and/or incentivize people  

 

Why didn`t you posted the second BMW tweet ?

1024924556_partnershipBMW.png.d45fc260b92181c7232a7edc4dfc9ad2.png

BMW Startup Garage program '' At agreement, you join our program and get a BMW purchase order.

acceptance.png.ba2a024f89a2b824e601b4200c06ca93.png

41798690_BMWMunich.thumb.png.8bb737e84121c2a696f87db2c374206f.png

 

Do you know who JIm Breyer is...., and his Vechain advisory role?

1658623013_BlackstoneJimBreyer.thumb.png.9bc8134e74bbd35603d4a66c392f87c6.png

Oxford University tweet:

Cory TV interview with Brad Garlinghouse mentioning Santander using xRapid, David Schwartz and the 2 household names, Asheesh Birla and his February Tweet about xRapid and more info available in March.......etc,etc Are these people liars and is XRP/Ripple a scam or do they just make mistakes like you and me?

Vechain is an BaaS platform/company not a scam neither is Ripple,

You @fatlever have to improve your reserach on VeChain and I have to improve my English writting skills ?

 

Edited by Flying-Dutchman

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On 7/28/2018 at 7:35 AM, Flying-Dutchman said:

 

Why didn`t you posted the second BMW tweet ?

They explicitly stated that they are not in a partnership with VeChain.  Yes, they partake in the BMW startup garage for startup comapnies but that is not a partnership.  VeChain repeatedly does this by misrepresenting things as partnerships.

On 7/28/2018 at 7:35 AM, Flying-Dutchman said:

 

On 7/28/2018 at 7:35 AM, Flying-Dutchman said:

 Do you know who JIm Breyer is...., and his Vechain advisory role?

 

Jim Breyer is advising but invested in VeChain.  And so what?  He's a VC who has invested in a ton more failed companies than he has successful companies.  

  • Jim Breyer was the lead investor and lead shill in Real Networks which was an utter **** investment and had no future.  He thought this company was the internet media giant of the future.
  • He invested in NorthPoint Communications Group Inc a San Francisco provider of high-speed Internet access that filed for bankruptcy
  • He invested in defunct online-toy seller eToys Inc

 Tim Draper who is a big name VC investor, who's put his money in VeChain also invested in the scam Theranos and actually defended it more than once on national TV.  These guys have more failed investments than successful ones.  They hit it big because they got in cheap on the ground floor on some wildly successful companies.

103619392-2ED1-FMHR-DRAPER-THERANOS-0509

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21 hours ago, fatlever said:

They explicitly stated that they are not in a partnership with VeChain.  Yes, they partake in the BMW startup garage for startup comapnies but that is not a partnership.  VeChain repeatedly does this by misrepresenting things as partnerships.

You still spreading FUD?

Just reed  the BMW startup garage site

http://www.bmwstartupgarage.com/

PwC Fortune 100 Company  -   DNV-GL and MyStory - press releases

https://www.pwccn.com/en/press-room/press-releases/pr-150517.html

https://www.dnvgl.com/news/dnv-gl-buys-stake-in-leading-public-blockchain-service-provider-vechain-as-it-strengthens-commitment-to-raising-trust-and-transparency-through-digital-solutions-119749

https://www.dnvgl.com/news/dnv-gl-launches-my-story-the-blockchain-based-solution-to-tell-the-product-s-full-story-113549

 

 

BMW partnership.png

no strings attached partnership.png

PricewaterhouseCoopers.png

DNV-GL.png

MyStory.png

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I hope you're happy with your "investment" in this scam.  This is being dumped like a month old garbage.  As a matter of fact, you'll notice all these Chinese scams are the ones that are dumping the most.  10-15% daily.  They're cashing out.  There are no business lined up to buy VeChain Gas to power their transactions on the supply chain.  China isn't planning the new smart economy on these scam tokens.  You've been bamboozled.  You've been had. 

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On 8/7/2018 at 6:59 AM, Flying-Dutchman said:

Partnerships...

 

The scam you invested in with partnerships with billion dollar companies and enterprises using it dumps 20% again today.  Impressive.

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13 hours ago, fatlever said:

The scam you invested in with partnerships with billion dollar companies and enterprises using it dumps 20% again today.  Impressive.

 

You're right about the price, fortunately the rest of the market is doing a lot better ?

14-8-2018.png

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On 8/14/2018 at 6:51 AM, Flying-Dutchman said:

You're right about the price, fortunately the rest of the market is doing a lot better ?

 

I hope you haven't lost too much on this scam buddy.  There is a big difference between a purely speculative asset and a Chinese company promising millions/trillions of transactions because they claim to  have an enterprise solution which they claim is already being used in their private chain and will be moving to their public chain.  Then they also claimed they will be onboarding big enterprises on their public Chain in October making it the most used enterprise blockchain in the world.   Generally people only invest what they can afford to lose but this scam enticed people with those lies of investing in an enterprise adoption and structured their tokens in a way that enticed people to hold levels of masternodes worth $40-90K telling them they'd get dividend bonuses of an absolutely worthless token.

All lies.  All hype.  All vaporware.  Straight up scam.

VeChain4.jpg

Edited by fatlever

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4 hours ago, fatlever said:

I hope you haven't lost too much on this scam buddy.  There is a big difference between a purely speculative asset and a Chinese company promising millions/trillions of transactions because they claim to  have an enterprise solution which they claim is already being used in their private chain and will be moving to their public chain.  Then they also claimed they will be onboarding big enterprises on their public Chain in October making it the most used enterprise blockchain in the world.   Generally people only invest what they can afford to lose but this scam enticed people with those lies of investing in an enterprise adoption and structured their tokens in a way that enticed people to hold levels of masternodes worth $40-90K telling them they'd get dividend bonuses of an absolutely worthless token.

All lies.  All hype.  All vaporware.  Straight up scam.

VeChain4.jpg

Wen moon? 

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11 hours ago, Dario_o said:

Any interesting update about VET? Are the red flags still there or the project has had good development lately?

I'm  pleased with the progress that has been made.

People underestimate how difficult it is to grow a company, especially in a new industry such as Blockchain.

Patience is the key, but that is difficult for many crypto enthusiasts. :)

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I hodl VET, not nearly as big a position for me as XRP, but enough to meet their "strength node" status to collect the extra Thor rewards. 

I think the story is pretty good, and here lately there has been a little upside on price, but some people think it might dump after the upcoming "VeChain Summit" in mid April. That might be a better entry point than where it is today..

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