Subreddit Tenx on suicide watch
never even heard of this shitcoin
yeah the hype kinda died down quick thats why no one ever talked about it
It was shilled on Jow Forums for a fucking week during the ICO.
Also, there are legal proceedings under was in Germany against him, which ist probably the reason for him exitscaming.
I don't understand how such a thing as a "community" can exist around a crypto token. All of this is scam ponzi tier shit and we're just in it to get rich off scamming normies into buying our bags. Do these people not realize this?
If you are a long term holder of PAY then you deserved this.
there are alot of real working projects that does what tenx is trying to do already, like uphold and wirex and the dnt even need their own token. its been a year and they havent delievered their working cards at all its quite obvious :D that the ceo will exit scam someday
>for a fucking week
Try months
this ceo looks like a genuine retard. he is not even a charismatic scammer. why would anyone...?
>he is not even a charismatic scammer.
He knows his shit in social engineering and is known to scam people for years already.
Before Tenx, he promoted several smaller MLMs, sold trading courses and feel-good-motivational books.
Before this, he was in Lyoness, a literal ponzi scheme.
Before Lyoness, he was a kitesurfer.
Before kitesurfing, he allegedly was a medical doctor.
All he knows is how to talk people out of their money.
But Tenx was funny to follow - an obvious scam going down. And it will be even funnier, when this fucker tries to go back to Europe for a "conference" and gets arrested at the airport.
a friend of mine bought some and was a big fan of Hosp..
People get emotionally invested in ‘their’ project and lose rationality
Especially, when someone tells you, that your investment is solid. He created several echo-chambers, where even the slightest criticism was deleted and the user banned.
I burned through like four or five accounts until I realized, that he already created an active group of worshippers, that scan these chambers basically all day and kick out anyone who opposes their king.
Just like any MLM, it works like a sect. Those who oppose the guru get kicked out and threatened, while the guru calmes the feelings of those, who are left behind.
He does have an Austrian MD degree. He did half a year of cardiac surgery. He had good grades, he's not stupid and has discipline. He also was a world top 10 kitesurfer, although I don't know how impressive that is in a niche sport. He repeatedly tried to scam a friend of mine with "business opportunities" over the years, just like in the video courses he put online where he taught people that they should start by recruiting their friends and relatives for Lyoness. I don't know why he behaves so unethically, but I suspect coke. From his story you can learn that with the display of supreme confidence and hard work and the absence of any ethics whatsoever you can just take lots of things you want. Will the SEC jail him? He's like the perfect crypto hero.
well said
>Overview of Token Structure
TenX will issue 80% of the tokens to the public. 51% of all token will be sold immediately, while 29% of the tokens will be distributed to the community over the next 4 years. This is testament to the fact that we want to be open and inclusive of the community, which we perceive as our most valuable asset. We believe it is a strong signal of trust if the community owns more than half of the tokens from the very beginning.
At the same time, we feel it is essential that the incentives of the company are long term aligned with the ecosystem. In order to be able to support long term growth in a sustainable way, founders, early backers and the development team are rewarded with the remaining 20% of tokens in exchange for their efforts and resources contributed to the development of the PAY tokens.
That's from their Bitcointalk announcement.
Literally a 20% fucking "premine".
That's what happens when you invest in shitcoins or useless tokens with premine or percentage of the tokens held by the team.
And I'll tell more: EVERY single project that has a single fucking digit of premine or percentage held by the team will be inevitably dumped in this bear market. Every single one.
People who invest in such projects deserves to be scammed. They don't use a single minute of their lives to make some research on where they're putting their money. I've found about their token distribution in less than 30 seconds.
I don't fell sorry for any single one of them.
Well, this behavior will lead to him either getting arrested at a European airport (because he committed big time fraud in Austria and Germany, there are already several investigations against him) or never being able to go back to Europe.
Does someone know if Singapore throws out foreign criminals, if they are wanted internationally?
>eth premined 72m
also a scam?
Obviously. As like Ripple.
I'm sure the card I ordered back in August 2017 will arrive any minute now...
>Not dumping coin when proof emerged showing the CEO scamming.
I still remember people defending him on Reddit saying that was the past. These people deserve it.
How do you know about investigations?
During uni mid 16, it was my job to search for victims of scammers on social networks, whom my employer then contacted to offer legal assistance, if they want to press charges. And my former employer has taken a liking to track the most known scammers. During the ICO, he recognized Hosp again from Lyoness.
Hosp would be the first human on earth to walk away scamming such amounts of money without the need to go underground. With Lyoness, he was "small" enough (compared to what others got out of the ponzi) so the proceedings against him are likely to take an eternity, if they are pushed through at all. Because he mostly scammed expats in the SEA-area, where he is residing but not a citizen. If you try to sue someone while not being a native in SEA makes it often very hard to push legal actions locally. And scamming someone in SEA-area wont make authorities go active in Austria.
But with all the deception and undeniable lies in Tenx, he punched above his weight and made the mistake to scam many Europeans. Many Germans, Austrians and Swiss people fell for him and are VERY eager to sue the living shit out of his ass, because it does not matter for this if Tenx is a security or not. He tricked people into giving him something of value X, because he promissed to do Y.
Fail to do this for no good reason and you are liable of fraud and all damages, if the other party can reason a substantial loss because of said lie in front of a court.
He basically made the mistake to shit in his own nest and is either going dark or will definetely get arrested at some point in the next couple of years.
Tl;dr: Hosp either:
a) goes dark within the next couple of years and has to look behind his shoulder for the rest of his life (there are quite some cases of scammers, who got killed after scamming way less money than he did)
b) continues to life like he does and will end up in front of an austrian court to get everything he has taken away (he has quite a transparent trail of assets), sit in jail for a couple of years and get taken away most what he earns for the rest of his life, because it is not possible to declare bankruptcy for illegal acts in his home country
These are his only options.