MAJOR SCAMS ON ASSET EXCHANGE!
-
I almost contributed. Good thing I ran out of Burst for assets. Hours before @stupendelious announced the scam thing, I was even wasting my time calculating the 0.2% for @tomahawkeer... What a bummer.
-
Unfortunately I invested partially in the gwhatever asset, and when reading his announcement, I read it wrong. Long story short, yeah I put the assets up for sale under asset issue. I was even skeptical of it, and granted only bought 500 shares. Ohhh well, you live and learn :-\
-
Have the asset scams been or will be removed from the asset list? Can the scams be moved to a sub category within the Asset Exchange category?
For four and a half years I was part of a team that flipped, reassigned, or rented over 410+ properties throughout southern California. The companies that invested did not quickly give their money to us. They checked and vetted us to determine if we were the real deal. We also had to prove we had existing assets to backup the investment in case something went bad and they could get their money back or at least 80% of it.
There is always a risk with investing. But more needs to be done in order to show this coin as one of best areas to invest in.
I think more should be done to prevent false assets from actually showing up on the website and asset list.
-
There should be an initial vetting process in place to weed out the fake ones and to keep everyone's coins going to good assets. I understand the whole anonymity idea behind our coins but imo, it feels like anyone off the internet can come here and create an asset. The current scams prove that. More needs to be done to vet them before they can post.
-
Like Real Estate investing, the person that is creating an asset should also show they have existing assets in place to cover all investing in case a SHTF scenario occurs. They can play with our coin as long as they have equal skin in the game.
-
daWallet has a good list for vetting an asset. I vote for this list to be our constitution for assets going forward. Obviously there will be changes but this should be the basis of vetting all new and old assets.
-
-
@socalguy said in MAJOR SCAMS ON ASSET EXCHANGE!:
- Like Real Estate investing, the person that is creating an asset should also show they have existing assets in place to cover all investing in case a SHTF scenario occurs. They can play with our coin as long as they have equal skin in the game.
I agree with most of what you said, but this. Not everyone have enough money to cover asset losses, and not all the assets need to have this. Remember that even in real investment, we need the investors because we don't have enough on our pockets to build it by ourselves. We need some kind of proof, yes, but it's not the same scenario for every asset.
Even in USD or other currency assets, you know there is a high risk of loss. (not talking about the scams, just the risk of loss in the asset investment)
I think it depends on what people is investing, sometimes it works, but other don't.
Many of the assets I have already invested could not exist without the initial investment.It's true that anyone can create an asset, but I find this a good idea what you said about an initial process, maybe don't allow new threads for newly created accounts could be a good idea, and yes there should be something to remove or list elsewhere the scam assets, because having them in the list could hurt new users that didn't knew about the scam.
-
@Zeus said in MAJOR SCAMS ON ASSET EXCHANGE!:
Personally, I won't believe an escrow site, remember that this could lead to gigantic scam :-)
That's exactly the reason i wanted to be host for someone of the Team or some person with a very good reputation on the community... But i get what you guys think of it!
-
I just logged on and saw this...I invested a little on UMine.... Is this person still around and how long has he been doing this? wow...I totally had my guard down,...why? Because I didn't "think" it would happen in our community! Stupid....wishful thinking, huh....
-
@chyna88 said in MAJOR SCAMS ON ASSET EXCHANGE!:
I just logged on and saw this...I invested a little on UMine.... Is this person still around and how long has he been doing this? wow...I totally had my guard down,...why? Because I didn't "think" it would happen in our community! Stupid....wishful thinking, huh....
Since I've been here, 2-3 months ago, there was no incident like this. Burst community is the friendliest and healthiest community I've ever been, even outside of crypto world. I'm enraged with this scam. I wasn't scammed or anything by this guy but it leaves a bad taste. I guess there's no perfect world after all.
I am enamored by the members here that I never thought something like this would happen. Please, if someone reading this right now that's planning to scam, leave this community alone. This is a great place to stay and interact and hope with. Don't destroy it.
If it's money value, Burst has like so little value to scam. The scammer got away with what? Like $400 to $500? Then, leaving people to be indifferent with each other?
It's not just about "lesson learned". I think it's more about keeping this community intact and healthy in its rightful way.
-
Maybe there should be more strict rules on releasing an asset. Maybe the user should go through a "trust check" by providing some information or limiting it to users that have been active for 2-3 months at least, and with rep=60+ or whatever numbers would suit the issue the best. Just an honest opinion, ive been ripped off for plenty, so i hate to see that happening here. One of the biggest reasons i joined was because i saw it was a healthy community, so lets keep it that way fellas.
PD: Scammers will be hanged by the balls.
-Cheers
-
@RaidBoss said in MAJOR SCAMS ON ASSET EXCHANGE!:
PD: Scammers will be hanged by the balls.
-Cheers
Some may like it haha. -.-'
-
@Zeus said in MAJOR SCAMS ON ASSET EXCHANGE!:
@RaidBoss said in MAJOR SCAMS ON ASSET EXCHANGE!:
PD: Scammers will be hanged by the balls.
-Cheers
Some may like it haha. -.-'
LOL, well i give free ball hangings every saturday at 2, near the local church, every scammer welcome :)
-
Scams exist everywhere ... Take it as a Lesson & move ahead... You Guys are Lucky that Burst Coins are still cheap as hell ... so you lost just few bucks rather than 100s or 1000s
As far as what precautionary step would be ... ?? Don't think too much ...
Let me share a 'Secret', even Best people can SCAM ....
-
@RaidBoss There's no way to prevent someone creating an asset - if you've got access to a wallet you can do it. We can control the topics here, but the scammers will still be out there.
-
Buyers Beware.
The first thing you should always consider before buying any asset is Can I trust this person?
Please consider these things before your next asset purchase.
How long has this person been an active forum member
Do they contribute helpful and worthwhile posts
Do they hold any Burstcoin, Assets or Hardware already
Do they have any friends or references within the community
Are they anonymous, have then provided any real life details
Check for this few things before your next purchase to weed out the vast majority of scammers.
-
@haitch said in MAJOR SCAMS ON ASSET EXCHANGE!:
I'll compensate the victims for half their loss. I also lost on 2 of the 3 "assets". We all need to do out homework better.
Haitch, true to his word, compensated me by sending 471 780 burstcoins after I contacted him. That tells you two things:
-
- I should never have invested this much into an asset I knew too little about.
-
- The Burst community is so dedicated, supportive, helpful and unique in so many ways, that scammers haven't got the slightest chance to bring it all down. People like haitch are an excellent example of why Burst will keep growing! Thanks, mate.
-
-
Amen to that!
-
And Haitch just compensated me also, man of his words. A lesson learned. Thank you so much, Haitch....that was above and beyond!
-
Asset Issuers are going to have a Great time now :D
They also might have to show their Birth Certificate to people to convince them that they exist xD
-
Looking things in a positive light, we have such great asset issuer who are not only honest but also work hard behind the scenes to make us more burst, make this community better and stronger.
Cheers to all those guys!
@crowetic @haitch @luxe @jervis @Kitsune @Zeus @stupendelious @gpedro @tomahawkeer
-
I dislike scammers...I got taken on btclend
-
To whomever got compensated by haitch... let me know and I'll compensate you for the other half, to fully cover your losses.
Please do what I've been saying for a long time now, and BE CAREFUL with which assets you invest in... I've seen multiple scams come in and out while I've had ByteEnt running over 1.5 years without ever missing a payout... These scammers really upset me...
They don't realize that they would make a lot more by just being legitimate...
Anyway, whomever got compensated by haitch for half of their assets, send me a PM and I'll compensate the other half for you.
Take this as something that you'll only get here in the BURST community, but this won't happen every time... so please, DO YOUR RESEARCH ON THE PERSON before investing in any assets!




