[ANN] The N.E.W.S. Asset launch
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I invested while ago in this and sold them long before this happened, just curious how much in Burst is the loot we talking about?
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@rnahlawi millions of burst
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If Jervis did leave with all the money. This really shows the need for assets by real business or some sort of real insurance policy. The asset market cannot effectively grow until that portion is formalized. I mean he was verified right?
This is also a great lesson for any asset backed assets.
I'm sorry for everyone that lost burst. I sold all my shares a while back when btc made a rise to the thousands initially!
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@Burstminer said in [ANN] The N.E.W.S. Asset launch:
he asset market cannot effectively grow un
no he was not, at least not 100%
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@ccminer said in [ANN] The N.E.W.S. Asset launch:
@Burstminer said in [ANN] The N.E.W.S. Asset launch:
he asset market cannot effectively grow un
no he was not, at least not 100%
My guess was that this was the drop that made the bucket spill. Maybe he was planning an exit strategy or maybe he didn't want to get verified at all as that was his plan, Regardless, as soon as the members started pushing for his verification, he started liquidating...
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@Burstminer No, not verified, he sent me his details and I sent out the envelope, but didn't get the response to verify him. I'm using the info he did give me to try and get in touch with him to find out what's happening and get this resolved, but so far that's been unsuccessful.
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@focus that makes complete sense.
I only trust large investments in assets backed by forum mods period.
cheers guys and good work on identifying this so quickly.
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@Burstminer said in [ANN] The N.E.W.S. Asset launch:
@focus that makes complete sense.
I only trust large investments in assets backed by forum mods period.
cheers guys and good work on identifying this so quickly.
You shouldn't limit yourself to only mods, there are a lot of good assets out there
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@Focus yeah actually yes your right ! my bad :)
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@Burstminer said in [ANN] The N.E.W.S. Asset launch:
This really shows the need for assets by real business or some sort of real insurance policy. The asset market cannot effectively grow until that portion is formalized.
I think this is really needed. I mean people may have invested hard-earned money here, and then all of a sudden the asset issuer can just disappear? This should not be tolerated, investors (even if they own just 1 share) should be treated with all the due respect it demands the fact someone invest its money in whatever venture another one proposes. It's ridiculous to see this assets issuer claim that investors here have destroyed the asset. Can you believe this? It makes no sense whatsoever, its almost enough to just show up and give a proper update on the current situation. He is in fact dealing with money that DO NOT belong to him, but to investors as a whole.
So sad to see people get discouraged with crypto because of things like this happen...
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@vExact I could not agree more!
I think good things will happen soon so don't worry :)
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@vExact We are all pushing up the learning curve at the moment. Great to have the freedom of "Anyone can release an Asset" but need to make some moves towards the constraints of the due diligence that is needed in launching a stock on the stock market.
It will take a time to find the happy compromise in the middle, and yes there will be some losses and some great successes along the way. Key thing is the old maxim of not risking any burst you cannot afford to loose and spread your investments.
Rich
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I really don't know what to say... this was my favorite asset, Jervis was very kind to me. We always had good conversations about BURST and the possibilities of this asset. I've tried to talk with him in the forum and in the chat, but not a single reply.
I've convinced at least 5 friends to invest real money in BURST, and obviously in the asset that was my favorite, NEWS. It was 2 of this guys who were scared at first and asked me to come here in the forum or to someone else that could help with the strange things that were happening here. Well, all I can say folks is that: Crypto world is done for me. I'll keep my assets (Burstcombo, Worldmine and another 2 or 3) because I need this to pay guys that I've brought to NEWS. So yeah, I've lost half million Burst myself and I need to pay more than 2 million BURST to these guys. Obviously I don't have the money and I'm lucky that they accepted some of my assets and the income that the others will provide to keep paying them in the years to come. So I'm still hoping that BURST fly to the moon, but I'll not be here often anymore, cause this is VERY painful for me. I've felt in a BTC scam some weeks ago and I just can't take it anymore. Just needed to share a bit of "my drama" with you. Hope you all guys have a great 2017.
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@JotaJota Sorry to hear so!
you got the wrong asset!
Good luck to you ;)
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I have some of this asset. I understand the push for identity verification and I'm all for that. However, it doesn't necessarily change anything. A scammer is going to scam. Period. If anyone has ever traded penny or OTC stocks, you'll know what I mean. There is HUGE volatility, great potential upside, seems gold when it's shit on a stick and these people all file their personal information with the exchange, SCC filings, PR campaigns etc., and if you do it long enough you see the trend and the same names fucking people over, repeatedly. So you learn to look more into the data, the filings, and/or you literally flip so quick that none of that matters. Now I know that's trading and not as applicable in regards to the "assets" here and Burst, but while getting verified and having the @haitch seal of approval is great and creates trust, people will still scam if that's who "they" are. It sucks that everyone, including myself bought into this and he ended up scamming (so everyone believes and it does appear), but I'll learn from this experience in relation to who's assets I buy moving forward.
I kind of see it as I never "lose", I either win or I learn..
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@CryptoBuc No Verified Asset Issuer has scammed. Zero. They know I have their verifiable identity and the impacted investors can act on that. Every scam asset was a non-verified member.
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@haitch I wasn't trying to imply anyone verified by you has scammed in Burst. I was merely pointing out that even in the real stock market and dealing with millions of millions of US dollars, a fake "CEO/CFO" has no problem giving their real identity away and they still scam and swindle. I just meant if that's who they are in character it's not going to phase or sway them.
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@CryptoBuc I get that, but risk/reward is not so high in Burst Assets. Ripping off the public for a few Billion as a corporate CEO, compared to ripping off small investors for a $10's of K. The huge scammers can afford the lawyers, the small ones don't have that ability and stand exposed.
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@haitch True. It sucks that good people and their money are/were taken advantaged of. I'll look and see this as a learning experience for moving forward and will just be a bit more hesitant on my choice of buying into "new" assets.
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@CryptoBuc That's why I proposed only allowing ID verified members to advertise here. That idea was shot down by the community.





