MAJOR SCAMS ON ASSET EXCHANGE!
-
Hat off to you @haitch .
-
@haitch No i was talking in something more simple... you want to open an asset then you send your ID and verify your phone to this escrow (escrow probably is not the best word to describe that, but i'm lacking of a good word to describe it xD) if there is a SCAM alert on some asset of that login the escrow admin (someone of the team) would be contacted and would release the SCAMMER ID's that way the asset issuer knows he could not make that asset turn into a SCAM otherwise his intel will be released and he will be processed by all the SCAMMED persons... Do you understand what i mean?
-
@gpedro - that would remove all the anonymity of crypto - will never work.
-
@haitch Not all, i'm not saying to keep the doc's open to everyone but make like a regulator of the Asset Exchange, and maybe it's not needed that to create an asset but the asset issuers that use that escrow will for certain be trustworthy and even if them are not recognized by the community this will give them some hope...
Otherwise people will just buy asset's created by the team now on and that is not a Decentralized Asset Exchange at all...
And i don't think it will release all the anonymity of crypto because only who want to be a asset issuer would need to use that... Afterall an asset it's like a company! And a company with no registration in anywhere but the blockchain...
-
@gpedro All your ideas are nice, but there won't be a regulator or any kind of ID verification by default for the Asset Exchange. Of course Asset Issuers can provide Identities and Escrows with trusted third parties to make their Asset more legit and attractive for investors - but keep in mind, that the high returns are a mirror of the high risk involved.
There is no compensation or bail out for lost funds by a scam. I appreciate what haitch is offering, but this can't be the way we handle this in the future. The next "loss" will come sooner or later. Investors have to research better. Check date of registration of the Asset Issuer. Ask for proof, payouts, addresses and pictures before investing your money. What work they have done and results accomplished in the past?
-
@daWallet I agree with you,,we must dig futher to investigate the Owners of the Assets,,,for me its like Facebook now,,there is a Lot of Scams these day and peopel are looking and investigate,,so should we do here!!
-
lamentations for all afff, have to hunt these guys, even in hell and make them pay accursed race, pardon the revolt already suffered from blows without well what it is that
-
@haitch said in MAJOR SCAMS ON ASSET EXCHANGE!:
@gpedro I run this forum, the scam was executed through my forum. 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.
I'll help out with that. PM me your burst acc number and i'll donate 300k to the cause later tonight when i get back. This way together we'll decrease the loss of the folks that bought into this garbage.
I fucking hate these scams.I left NXT just because of shit like this.
-
F***, this is why we need to be so careful with (and critical towards) new assets. Had 1100 Kmining shares, I feel pretty stupid. Thanks Haitch and Nameless for being so generous, @Haitch I think everyone understands, even though it is your forum, you had nothing to do with this and have no responsibility at all. You guys are awsome.
-
@daWallet said in MAJOR SCAMS ON ASSET EXCHANGE!:
@gpedro All your ideas are nice, but there won't be a regulator or any kind of ID verification by default for the Asset Exchange. Of course Asset Issuers can provide Identities and Escrows with trusted third parties to make their Asset more legit and attractive for investors - but keep in mind, that the high returns are a mirror of the high risk involved.
Thanks man... I guess you are right about that, Higher returns always come with big risks... I understand your and @haitch perspectives about this mater, i just wanted to add some thrutworthy on the Asset Exchange but i guess that could always be made with the help of a well known member of this community... Maybe i could even make an escrow site for this in the future, don't seems to be much difficult to do it the way that i'm thinking! Just need to get better with this making sites thing... xD
-
What a wanker!!! Has the scammer announced anything on the bitcointalk forum as well, so that we can track his username? I'm sorry to say that I contributed to his BS in at least 1 of 3 assets.
-
The saddest part is that the scammers don't realise they could make 1000x more profit for everyone including themselves by playing by the rules and participating in Burst's expansion
-
@haitch said in MAJOR SCAMS ON ASSET EXCHANGE!:
@gpedro - that would remove all the anonymity of crypto - will never work.
I agree with Haitch and daWallet; I don't see this happening. You guys need to do more verifications before sending burst to assets, that's all, these things happen, and not only on cryptocurrencies, it happens everywhere.
Personally, I won't believe an escrow site, remember that this could lead to gigantic scam :-)
@nameless I've read your comment when he said he was paying 0.2%, and your asset is 0.1%, and I didn't care, because I didn't trust that user/asset. Happy I took that initiative :-/
-
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.





