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Offline xeroc

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https://bitcointalk.org/index.php?topic=498193.0

I am offering my post which is (unfortunatelly) at the second page. Who can give me some nice text to post in order to prevent that scam and make people more interested in Bitshares!?
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Offline toast

Re: Scamattempt @bitcointalk: [ANN]BitFund:Descendant of BitShares
« Reply #1 on: March 03, 2014, 03:19:45 PM »
Use the "trust" feature on bitcointalk
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline xeroc

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Re: Scamattempt @bitcointalk: [ANN]BitFund:Descendant of BitShares
« Reply #2 on: March 03, 2014, 03:21:05 PM »
But,em,I don't think anyone is going to pay for that thing.
That where I think you are wrong ..

Anyway, that post mentions some statements that are just wrong, most promimently:
Code: [Select]
just few people own the most,so who others want to get it,they need to buy it with high price.
Code: [Select]
unfair distribution
maybe we should clarify things
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Offline davidpbrown

Re: Scamattempt @bitcointalk: [ANN]BitFund:Descendant of BitShares
« Reply #3 on: March 03, 2014, 03:45:07 PM »
maybe we should clarify things

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Offline biophil

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Re: Scamattempt @bitcointalk: [ANN]BitFund:Descendant of BitShares
« Reply #4 on: March 03, 2014, 03:55:57 PM »
Someone recently did this with NXT; they created something called NEM and did this fair egalitarian distribution. If you're going to feed the trolls, feed them this: https://bitcointalk.org/index.php?topic=422129.0

Maybe "bitfund" was this same group, or maybe it's a copycat of a copycat. Why should we care? Isn't imitation the sincerest form of flattery? :)

Offline cass

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Re: Scamattempt @bitcointalk: [ANN]BitFund:Descendant of BitShares
« Reply #5 on: March 03, 2014, 04:15:52 PM »
but bitfund.pe is also a trusted funding platform.

http://invictus-innovations.com/li-xolai/

Guessing its not got for platform (li-xolai)  and trust if someone just copy name and make such shady offering...my 2 cents
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Offline CLains

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Re: Scamattempt @bitcointalk: [ANN]BitFund:Descendant of BitShares
« Reply #6 on: March 03, 2014, 05:04:55 PM »
We knew this would happen. Someone forks it and offers it for free for everyone who pays a small fee like happened to NXT with NEM. This may of course be a scam, but if it's like NEM - well, we don't yet know how well that will succeed. As a rational investor, it only makes sense to be interested.

The peculiar thing now is that this Fake is the best commercial for Bitshares on Bitcointalk. It just became apparent how serious the situation is. I'll start a thread to address this topic immediately.
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Offline xeroc

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Re: Scamattempt @bitcointalk: [ANN]BitFund:Descendant of BitShares
« Reply #7 on: March 03, 2014, 05:24:39 PM »
The peculiar thing now is that this Fake is the best commercial for Bitshares on Bitcointalk. It just became apparent how serious the situation is. I'll start a thread to address this topic immediately.
Yhea .. That is true
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Offline JakeThePanda

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Re: Scamattempt @bitcointalk: [ANN]BitFund:Descendant of BitShares
« Reply #8 on: March 03, 2014, 06:02:06 PM »
If he is serious and is willing to put in the effort it won't be stopped with a few scam posts.  Any attempt to stop it might just add more marketing fuel to the clone.  It is what it is, right?

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Re: Scamattempt @bitcointalk: [ANN]BitFund:Descendant of BitShares
« Reply #9 on: March 03, 2014, 07:13:23 PM »
I expressed interest, in case they really do turn up with something. Still smells like a scam with the fee involved.

https://bitcointalk.org/index.php?topic=498193.msg5487893#msg5487893

Offline santaclause102

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Re: Scamattempt @bitcointalk: [ANN]BitFund:Descendant of BitShares
« Reply #10 on: March 04, 2014, 12:00:09 AM »
Didn't look into it but wouldn't that (IN THEORY) be a case for the bitshares license if they really use I3 code? If not it is not viable anyway or it is just very very unlike that it is.
 
*in theory because there will not be a medium/long term value to it... But what if it would be a serious attempt and have value, would I3 sue people if they dont honor PTS/AGS?

EDIT: Just read it and it's funny. The bad english... It is more than obviously a scam.

Offline unimercio

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Re: Scamattempt @bitcointalk: [ANN]BitFund:Descendant of BitShares
« Reply #11 on: March 04, 2014, 12:21:16 AM »
I expressed interest, in case they really do turn up with something. Still smells like a scam with the fee involved.

https://bitcointalk.org/index.php?topic=498193.msg5487893#msg5487893

agreed
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Offline davidpbrown

Re: Scamattempt @bitcointalk: [ANN]BitFund:Descendant of BitShares
« Reply #12 on: March 12, 2014, 11:44:42 AM »
Also now unimaginatively duplicated as [ANN]WhatFund:Descendant of BitShares
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Offline luckybit

Re: Scamattempt @bitcointalk: [ANN]BitFund:Descendant of BitShares
« Reply #13 on: March 12, 2014, 12:49:13 PM »
https://bitcointalk.org/index.php?topic=498193.0

I am offering my post which is (unfortunatelly) at the second page. Who can give me some nice text to post in order to prevent that scam and make people more interested in Bitshares!?

Fork any DAC which does not support the social contract and put the social contract in.

That's insurance.

If they will go as far as violating the social contract, let's find out if they'll go closed source to protect their greed. Even if they do, we can reverse engineer that and release the community version.

Quote
WTF will have the same feature as bitshares,also the same code, we will just change the total amount of WTF from 4million to 4billion. Once the bitshares released,we will release the WhatFund after about two weeks.
All of the WTF will be separation to 10,000shares,if you own one shares,you will get 400k WTF. Our team will own 200shares, for Dev,for marketing and some free giveaway.

Okay not only do they fork but they totally bastardize the entire concept of Bitshares. They turned what was supposed to be a DAC into a communist style cooperative. 4 million becomes 4 billion? So whoever created this wants to try to attack Bitshares at a fundamental level by diluting its shares as much as possible.

What would motivate a group to do this? I can think they'd do it out of greed, they weren't able to get as many Bitshares or weren't early adopters so they want to trash the whole system out of jealousy. The other motivation could be politics, they truly believe that if you give everyone an equal amount of shares that it will lead to a better outcome.

I have sympathy for the political motivation, but none for the greed/jealousy motivation. The fact that they want to change over to 4 billion suggests political motivation but the fact that they don't adhere to the social contract suggests greed.

Where does the community weigh in on this?

« Last Edit: March 12, 2014, 12:57:14 PM by luckybit »
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Offline luckybit

Re: Scamattempt @bitcointalk: [ANN]BitFund:Descendant of BitShares
« Reply #14 on: March 12, 2014, 01:00:30 PM »
Didn't look into it but wouldn't that (IN THEORY) be a case for the bitshares license if they really use I3 code? If not it is not viable anyway or it is just very very unlike that it is.
 
*in theory because there will not be a medium/long term value to it... But what if it would be a serious attempt and have value, would I3 sue people if they dont honor PTS/AGS?

EDIT: Just read it and it's funny. The bad english... It is more than obviously a scam.

Bytemaster has decided not to have a license. This means it's up to the community to defend the social contract aggressively and relentlessly. Time to build a website which highlights all of these scams so they can be immediately flagged from the womb. Then reverse engineered, discredited, and forked.

Failure to do this will be the failure of Bitshares (which is what many of these scamshares alternatives are trying to promote).

https://bitcointalk.org/index.php?topic=498193.0

I am offering my post which is (unfortunatelly) at the second page. Who can give me some nice text to post in order to prevent that scam and make people more interested in Bitshares!?

technically it's not a scam ......  bytemaster did  allow people to fork the code .

But,em,I don't think anyone is going to pay for that thing.

Forks with a purpose and social benefit are fine. For example if you fork in the right direction, you would actually try to give a better deal to the community. Or maybe if you don't support the social contract you would come up with something better for your own community.

You can fork Bitshares without trying to destroy the business model and suppress the growth of the industry. You can do it in a way which grows the industry and if you plan to actually develop it, contribute new code rather than just jack it, then you can get away with not supporting the social contract even though you could expect your code and ideas to be harvested and borrowed.

Example, if you came up with Byteshares and it's exactly like Bitshares but it has different commodities, slightly different parameters, that kind of work would be useful because it would allow for experimentation which benefits everyone. And you could do it with far less shares, 1 million instead of 4 million.

My guess is that isn't what they are doing and they just put a new logo on Bitshares code. That means they aren't contributing anything at all. The parameters they are changing is the sort of parameters you would expect from a centralized bank, dilute the shares, promising total equality, but the real purpose of this clone seems to me to be a naked short of Bitshares as a project. Since that damages all shareholders in proportion to how much money you spent getting Bitshares, there should be a policy in place.

Since legal license based policies were decided against, it's time for a set of social and technical policies. What should the consequence be for hostile forks? How should the community enforce it?
« Last Edit: March 12, 2014, 01:12:13 PM by luckybit »
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