Author Topic: Concerns about AGS donations being reinvested in AGS  (Read 47281 times)

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Offline AdamBLevine

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I didn't go looking for trouble on this one, see the emails I recieved below

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Hi, Adam,

I found something about AngelShares that you might be interested in.

These three donations to 1ANGELwQwWxMmbdaSWhWLqBEtPTkWb8uDc (the AGS BTC donation address) are quite suspicious:
https://blockchain.info/tx/60d47ffb496bcff064408b900d53d242e9bbd854cae2b610a1928146aae2d214
https://blockchain.info/tx/22bf12c9c36d042a224cc59b8b23c0df126a2f1b005bb50e1965b7cf72c409e0
https://blockchain.info/tx/31d4c4f06732194126d07972ea71d701b331abd878f2993e41f486506db9483e

You can easily trace the output (https://blockchain.info/tx-index/57931028/0) down to the donation address (1ANGELwQwWxMmbdaSWhWLqBEtPTkWb8uDc) directly:

1JYgevsQREK1DBQKHJBNRYqtWSPmep77pT
|
16UbgMKBmspq7WVDmNrpNAReNe4iZQTjvK
|
17wefmCLyJRwVjBk6HVYZdByGWUsqaHF9v
|
1Dj8CdXFSRf8veWb4hzgiMbae2K2miiMht
|
1PSS7uYA1VEgWFMDtqsMwUa2sxRVF5kGsc
|
1MRanPtASeZUWC44rQHNPmVSgR5M9kZdts
|
1PYicC3TkEZUwuTMPLjSawJqEvLw94RPz6
|
1ANGELwQwWxMmbdaSWhWLqBEtPTkWb8uDc

In a sense, Invictus is donating to AGS using the AGS fund.

I think you're the only one in the BitShares forum that Invictus can't ignore and I wish you could bust them using the information on the blockchain that I provided.

Thank you,
Anonymous

So then I said
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What makes you think it's not one of the contractors they're paying with those funds re-investing since they know better than anyone on the outside that real value is being created?

I've got no problem bringing this up but unless you can tie it to funds that are supposed to be in savings, or that went directly from AGS to being reinvested in AGS with almost no intermediary hops that could represent someone being paid, this seems highly circumstantial.

To which they replied

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Hi, Adam,

It's very unlikely to be one of the contractors re-investing their earnings, since we've seen patterns of 3BTC donations to the AGS everyday. Chances are Invictus is the one behind the daily 3BTC donation trying to dilute our AGS rewards and it might be our only chance to find out the truth.

I can not find any further evidence except row #52 in their fund usage doc noting that those 200BTC are paid to Hyperetas for operations:
https://docs.google.com/spreadsheet/ccc?key=0AqTwk-e7yzJydDFnQmlkTVlkbWpubnJBbzR2UG5ucnc&usp=sharing#gid=0

But hopefully, it you bring this up, some other guys in the forum could find out.

Thank you,
Anonymous

I don't have time for this so I'll leave it to others to investigate.  If the allegations are accurate I would not be pleased.
Email me at adam@letstalkbitcoin.com