Holy fuck, SUB is imploding. Substratum Insider Admits Scamming and Paid FUD Against Skycoin
From plebbit: r/CryptoCurrency/comments/au0943/lost_94_of_my_capital_over_100k_mostly_due_to
"I'm ashamed to admit I was in a Substratum private insiders group where we actively fudded other coins and organized campaigns to try and damage Substratums competitors, especially SkyCoin. We were all treating it like a game, like a sports team as you say, where the goal is to defeat the opposing team. For us the main opponent was SkyCoin and we fudded them constantly on reddit and Jow Forums and twitter and even in their own telegram channels, just making stuff up and repeating it over and over."
"The thing is, it was so easy. Easy money. We would just brainstorm new fud ideas about SkyCoin each week and then each go off and post them on Jow Forums or on the SkyCoin telegram or whatever. We had big lists, like bullet points of fud that we'd spam into threads any time there was a positive discussion about SkyCoin, and it would disrupt the thread and everyone would be chasing their tails trying to refute all the fud.
One of the guys last year, he managed to get a recording of SkyCoin's CEO joking about insider trading and we edited the audio to make it sound really serious and then released it on twitter. Dozens of crypto news sites picked it up, and somebody even reported it to the SEC. It ended up crashing the SkyCoin price pretty badly. Even now lots of people still think there was insider trading happening, but it was all just bullshit we made up."
"The guilt is eating me up. I have done so many things I'm ashamed of over the last year. Honestly I probably deserved to lose this money. Karma. The things our group did to other projects, on social media channels, they were so dishonest. And we weren't even getting paid much to fud other coins, but every dollar I earned I just spent it on more Substratum tokens. Such a fucking waste of money, and a waste of a year of my life."
Unreal that these faggots made millions by scamming plebbit.
At least with the Chinese scams, the shit is opaque, you don't know about the claims in China and you can blame the devs sounding like dumb faggots due to the language barrier. Justin Tabb sounds and looks like a crackhead white trash piece of shit and the coin was shilled by a technically illiterate pimple faced teen living in his mom's basement. Plebbit bought that shit up.
The supposed insider trader "leak" was a public voice mssg edited to be slowed down then posted on a twitter account that was impersonating a Skycoin admin.
Bentley James
So finally we have proof that all the Skycoin fud posted here on biz is just a few pajeets paid for by substratum. Fucking kek. Gonna look into Skycoin a bit more closely now because these scammers obviously see it as a major threat. Some sort of meshnet thing, right?
Liam Richardson
Kek, I actually believed the insider trading stuff at the time. Brainlet me.
Hunter Thomas
top fucking kek pajeet project had pajeet shillers and then exit scammed on said pajeets
Xavier Lee
If it was real he would have taken screenshots.
Reality is that he is probably a skyturd bagholder shitting in sub. Like pigs rolling in shit.
Mason Sanders
look at the reddit account and you'll see that its real, people like you are so retarded, do no research at first and shill stuff like sub, then it comes out that sub is shit and you still do no research, it baffles me how you can be this retarded
Caleb Gonzalez
Substratum pajeets are the worst. At least Skycoin is actually developing an releasing new working products every month. It’s the only crypto with tangible hardware for a start.
Angel Cox
This is the type of shit that Skycoin has had to deal with for at least two years. Despite being literally the only crypto platform that constantly develops and deploys hardware/software/service etc. there's still an army of fudders insisting everything Skycoin does is a scam. What do so many other projects feel so threatened by Skycoin that they need to resort to this continual barrage of fud?
> FUDs coin's competition, uses this to buy more coin
The Order of Delphi is unimpressed.
Hunter Cook
>Even though the price was falling all last year I thought I was buying the dip but it kept dipping more and more. In the end I spent about $115,000 on Substratum ERC20 tokens, and I was forced to sell them all last week for $7K to pay for an emergency home repair. many such cases sad
Is is better to buy an official Skyminer or build a DIY one?
Jayden Murphy
DIY is initially cheaper. But the advantage of buying official is Skycoin packages up all the parts and sends it to your door, and you're guaranteed full payback of the purchase price over 24 months, in addition to normal rewards.
ITT: Skycoin pajeets disguise skycoin shilling as substratum FUDing
Asher Gonzalez
Nobody's disguising anything brainlet. Substratum has been fudding Skycoin for years, this is just one more piece of evidence. You fud Skycoin because it's a legit project that threatens your scammy ERC20 token.
i tried to argue with the substratum shills, they all went bankrupt because they didn't listen. feel free to go the same fate, but I'm done arguing. SKY is just as stupid and scammy as SUB was on every level. calling criticism FUD is a delusional coping mechanism t. network engineer.
Asher Ortiz
Go ahead and explain why Skycoin is a "scam" then.
Whatever fud you post has already been debunked hundreds of times, but please give it your best shot.
illiterate skytard, i said I'm done arguing, enjoy your losses.
Luke Bell
Bitcoin and all other cryptos can only be fully decentralised by leveraging Skywire. Otherwise they’re all dependent on centralised ISPs.
Gabriel Sanchez
Please, go to Skycoinfud.com and watch the videos, and tell me Synth isn’t a bullshitting liar.
This dude dumped on you fags, and made up a farcical story, which lacks medical proof, or legal documentation (badge number crosses out on poleeez report)
Synth literally said he was stalked by black water in one of his vids, I shit you not.
Also, no obelisk, no consensus algo, all the github commits are literally just blog posts. DYOR
Jose Diaz
> I’m not smart enough to invent any new Skycoin fud The absolute state of noskycoiners.
Justin Fisher
if you're stupid enough to not figure it out after he exit scammed, there's really no hope for you lmao
Julian Bell
Dude, the home invaders literally disappeared from social media for a year after it happened, because they went to jail. It happened. If they weren’t in jail then do you not think they’d have posted something to clear their names? It’s not difficult to prove you’re not in jail.
You guys seriously need some new fud.
Thomas Fisher
You’re the one who who claims it’s a scam but finds it impossible to articulate why it’s a scam. You’re just mad because it threatens your ERC20 token.
Gavin Wilson
Synth literally laughs about getting kidnapped and physically assaulted one week after the supposed incident. Months later he goes on a show with mcAfee and tells everyone he lost a tooth and got s bruised rib, whereas a week after the incident he had no bruising or facial swelling, nor did he provide proof of physical assault. Synth scammmed some Chinese out of $100k Sky and locked their wallets when they tried to sell. They met him and tried to get their money back, but all Synth could do was give them like 8 BTC and several thousand Sky. There was no physical altercation, Synth published a police report but censored the officer name and badge number, so it’s impossible to verify. Also, dude leaves the country and doesn’t pursue justice, strange? Then says people are in jail and provides no proof. Then says he was stalked by black water... Then tells everyone to dump their coins (aka dump his bags). Fuck Synth, he’s a lying piece of shit. No consensus algorithm, nothing at all but a centralized database, go to fucking github and check yourselves faggots. I actually made a DIY miner because I thought this was a cool project, but after looking into it, it is clear it is a blatant scam. Also Synth is an annoying faggot.
Benjamin Rogers
Yes, random Asian “disappears from social” how the fuck does that prove anything, cunt? Why doesn’t he post an uncensored copy of the police report. Oh wait, he probably forged it at his local Chinese restaurant.
Andrew Bailey
>all the github commits are literally just blog posts
This is bullshit. Anyone can go in and look at the commits on Skycoin's 40+ GitHub repos.
I don't think he said anything about a lost tooth, and how would you know if he had bruising around the ribs?
Of course he left the country, the gang that attacked him was planning to come back for more.
The proof of them being in jail comes from the fact that they vanished from social media immediately afterwards and didn't make any effort to clear their names even after they were publicly named on multiple news sites.
There is a consensus algorithm, Obelisk, which will be released later this year. In the meantime there is distributed consensus controlled by a masternode system which has been working just fine for years.
Actually read the commits numbskull. Quantity of commits doesn’t matter when they are literally just text files for a blog. Look up Obelisk or Skycoin on github and you will see. Also, you didn’t address any of my other points. Synth is a scammer.
Colton Johnson
>Yes, random Asian “disappears from social” how the fuck does that prove anything, cunt?
You sound angry. If you had been publicly named and shamed in multiple news outlets as a home invader and scammer who was doing jail time, and it wasn't true, don't you think you would post something to clear your name? It's extremely easy ti prove you're not in jail. None of them tried to clear their names, because it was all true.
Here is Synth a week after “kidnapping” laughing and talking about black water stalking him, no mention of lost tooth, doesn’t show bruised rib to camera, which is what any sane or honest person would have done:
Lmao, or maybe publish uncensored police report? What’s your response to that, why would the cops badge and name be censored? Social media doesn’t prove shit, especially if said people are in on the scam. We need official documents, not tweets dickhead
Kevin Gray
yes we are all very impressed with your mental gymnastics, good for you user.
Blake Torres
What do you not understand? No consensus means no decentralization. This is a ducking fact. Look up obelisk on github, there is fucking nothing but random bullshit files and blog posts. The Asians who Synth swindled wanted their money back because Synth locked them out of their wallets. He then gave them a little bit of compensation and bitched out of the country. This is why he made up the kidnapping story and why the police report is bullshit and censored. Fuck off shill faggot, kys. Your right I am pissed, I wasted time making a DIY miner for this faggot scam.
Luke Stewart
Naming a police officer on social media channels probably wouldn't go down very well with the Chinese authorities, would it?
Are you retarded? That’s literally why they have badge numbers retard, it’s for public accountability. I’m done arguing with you, blatant shilling faggot.
John Reyes
The Obelisk repo is private for now, so pajeets don't steal the code.
Consensus is currently secured by a masternode system, which is a very reliable solution used by numerous crypto projects. As with all masternode-based crypto platforms, the masternode writes blocks into an immutable ledger which is synchronized with all nodes in the network.
Every Skycoin wallet contains a complete copy of the blockchain. Anyone with a wallet can send a transaction which creates a block that is written into the immutable ledger by the masternode and then synchronized with the thousands of other nodes in the network, creating a distributed consensus as to the state of the blockchain.
Since only the masternode writes blocks, Byzantine Fault Tolerance is not an issue and a traditional consensus algorithm or protocol (such as Proof of Work or Proof of Stake) is not currently required in order to secure this consensus.
Below is the code for Skycoin's blockchain and visor, demonstrating UTXO block verification across the distributed ledger. It shows that the blockchain is distributed throughout nodes that connect to each other in a peer-to-peer fashion.
A blockchain is an immutable data structure, and when the blockchains on each node are synchronized, a consensus exists regarding the state of the blockchain. Being an immutable data structure, it is not possible for even a centralized validator node to alter the transaction history without it being very obvious what has occurred.
Even if Obelisk was never released, Skycoin could continue to run quite successfully on this masternode system forever, without negatively impacting Skywire or CX or Skycoin Fiber or any other part of the Skycoin ecosystem. Other major crypto platforms use similar central controllers (for example IOTA).
Irrelevant. Naming a Chinese police officer on social media channels sounds like a bad idea, especially when you're involved in a Chinese legal battle.
Best to play it safe and not publish his name, I would think.
It's obvious the perps went to jail on this. If they hadn't been in jail then they'd have made some effort to clear their names. It's easy to prove you're not in jail.
You've obviously never been outside the basement. China will fucks you up when it comes to sensitive information comms. Anyone posting government information, especially on western social media, is suspect and subject to who knows what.
Bentley Perez
I don't think anyone has accused them of being on the moon, so why would they say otherwise?
Assuming the whole situation is bullshit, explain why Binance continues to play along instead of delisting them. Volume isn't anything special and Binance definitely has the means to confirm whether an actual investigation is ongoing. So if the whole thing was made up then Skycoin just publicly slandered a bunch of CZ's countrymen.
Landon Smith
if binance kicked off all the scams they'd lose half their revenue. as long as brenden can keep saying "we're working on le obelisk lol" for years and years they won't care. apparently it doesn't bother people like you one bit.
Andrew Taylor
We are trying to circumvent the existing ISP infrastructure using 5G hardware. Skycoin is also developing it's programming language like how ETH has solidity.
Nolan Sullivan
Another good point. When the home invaders started dumping, Binance actually froze their account. So all the Skycoin they dumped and converted to BTC is still sitting as BTC on Binance pending the outcome of the trial. Skycoin is one of Binance's Gold Label partners, and there's a strategic cooperation agreement between Skycoin and Binance.
>e proof of them being in jail comes from the fact that they vanished from social media
LOL
THAT IS NOT PROOF
Alexander Clark
Some of Skycoins working products are listed below.
1. Skycoin—a lightning fast currency, with free transactions, and privacy/anonymity via the CoinJoin protocol 2. Software wallets—elegantly designed desktop/mobile wallets for Windows, Mac, Linux, iOS and Android 3. Hardware wallets—highly secure, and available at a fraction of the price of competing Trezor/Ledger/KeepKey models 4. Skyminers—can be purchased from Skycoin or built DIY, with almost 10,000 nodes already deployed globally 5. Coin Hours—earned by holding Skycoin in a wallet, and used to purchase services on the Skycoin ecosystem 6. Skycoin CX—a comprehensive programming language for creating games, apps and smart contracts 7. Skycoin Fiber—a platform for launching ICOs whereby each project is given its own dedicated blockchain 8. Skywire—a global decentralized peer-to-peer mesh network of interconnected Skyminer hardware nodes 9. Antennas—due for release in Q2 2019, enabling Skywire nodes to connect wirelessly and bypass ISPs 10. Online stores—making it easy for users to purchase Skycoin hardware and Skycoin-branded merchandise 11. KittyCash—a blockchain collectibles game that improves upon Ethereum’s infamous CryptoKitties game
The Skycoin team has been pushing out developments and updates on GitHub since 2013. New working products are delivered regularly. The Skycoin GitHub consists of over 40 repositories. Measuring GitHub activity over the past 12 months (based only on the main Skycoin repo), Cryptomiso places Skycoin at rank 16 out of 755 cryptocurrencies, and CoinCodeCap places Skycoin at rank 8.
I had a dream last night about fudding skycoin. I was in a university (weird because I’ve never been) and there was a lecture going on about cryptocurrency, the lecturer was talking about skycoin and everybody was nodding along and being like hmm yeah interesting, and I yelled “It’s a scam!” Everyone looked around shocked and the lecturer was like “don’t be silly it’s not a scam” and carried on, and like I was trying to speak and tell people about the stupid miner thing and the fact that coin hours were ridiculous and all of the other ridiculous scammy shit around skycoin but I couldn’t get the words out, and everybody kept shushing me, I kept trying to be heard, and I put my hand up to answer questions but then the lecture finished and there was no time left and I tried to tell everybody it was a scam after the lecture but no one wanted to listen then I tried to fight through the crowd to talk to the lecturer who had no idea that skycoin was a shitcoin but she was lost in the crowd (the lecturer and most of the people there were women) it was a frustrating dream.
Now you’re just hurling baseless accusations. Just because somebody supports a crypto project doesn’t mean they’re being paid to support it. A lot of people support Skycoin simply because it’s a strong project and has so many different facets that there something for most people to develop an interest in, cool custom hardware, Skywire, CX programming, Fiber blockchains, and even just the $SKY currency itself.
