VSX = SCAM
the truth
Hello, dear community! Some of you already know that fact, some will know in the nearest future. This article is not FUD, I will put there only pure facts and logic.
History of VSX
The old coin OLDV or XVS
Before Vsync became VSX it was XVS and it used the other technology, the other source code of a coin. It was also called OLDV.
Here is bitcointalk thread: https://bitcointalk.org/index.php?topic=1857156.0
Here are some of first posts:
So, XVS had 100'000'000 coins premine. Remember that, we will need that info in future.
One day the developer discovered that masternode coins are popular, but he could not add masternode feature in the code he already had, so he decided to make a new fork from the coin that already has that feature. And now we are going to the next page in history -
Swap to VSX
Developer copied the PIXV source code and made a few changes - logo, some digits and the main feature for himself - 125'000'000 coins premine. You can simply check it at block-explorer: https://explorer.vsync.pw/block/00000c15db79197959c0362563659bf6f305931614d8dc56e068c72167fd194a
If you track the way of that coins, you will see that very seems that dev used obfuscation feature and put those coins in many wallets. When you discover more, you'll find out that someone run at least.
Now simple calculation: dev owns 100'000'000 XVS and 125'000'000 VSX. Guess how much coins could he swap to himself?
There was only 1 month for the swap because dev wanted to swap as less amount as it was possible.
With many running masternodes (I'm shure he is doing that), the amount of his coins is rising every minute.
On February 1 one lady came to chat and started asking questions. She did not receive answers on her questions with facts and links which proves devs words, but only sneaky dev's tales:
Here are some of her messages. After she said many times that dev does not answer her questions with directly proof the dev (guess what?) deleted all her messages and banned her.
A promising coin
Developer announced a roadmap in Q1 2018. It's been announced month before it was realised.
In fact we have website, that skilled webmaster can do in 7 days maximally and a video, that could be done in the same term by professional video maker.
Now let's look at the roadmap:
You can see, that the key features are so far. That's not because they are difficult to realise, that's because the developer is not going to realize them. He just needs time to sell as much premine as possible. The roadmap is just a promise. Some easy features were put in the first half and maybe will be realized by hired professionals for the cheap price.
The pump
On 2018-01-08 there was a huge pump. Here is a proof for those who think that was organic grows:
The dump after that pump lasts for today.
The truth about this article author and VSX developer.
At the very beginning I believed this coin is legit and developers want to make something great.
One day I looked at the chart and admitted some regular red dildos on it, coin was making like -7-25% a day and than went back to normal. I also found information about XVS and VSX premine and the swap, put all those facts together in my head and came to conclusion: the dev is selling his premine trying not to dump the price too much.
To check that information, I started trading with that info - sell 2'000 VSX and when order was closed, put buy order on 10-20% lower. Than I repeated that scheme many times and at the end I've got near 35'000 VSX.
I understand that some of you are using that strategy, but the time to finish that is coming.
I also had some conversations with dev suggesting him to pay me a bounty for my service, tried to put the conversation in business way and to clear out what the person is he, how much premine is left, etc. He completely denied he has a huge amount left, saying like all his budget left is near 3'000'000 VSX. I guess that is not true, but even it is - that are bad news for community, if no - he is a liar.
I also admitted his lies, greed, laziness and cowardice in the next cases:
1 He's always trying to pay VSX to people he hires
2 He is saying on position that most of premined VSX was swapped, but we already know it's a lie (except the statement the most of coins was swapped to himself).
3 There was announced a sale of left XVS for cryptopia listings (check youbit and coinexxchange history, he sold for some BTC lots of XVS). Where is the report for those money?
4 He's doing nothing with the funds people donated for Cryptopia.
5 I suggested community-funded marketing campaign, people voted for that. Than I asked community where to store the funds - at me or at the dev. That was so much butthurt - how people can trust a volunteer more than him, so first he showed his face and than deleted messages:
6 Than he said he hired some people. If you say it's community coin - make it transparent - tell who are they, their profiles and nicknames.
7 Just some more hot facts:
8 Some more important questions with no answers:
He is just waiting for someone who will come and make work for little amount of VSX while other devs are putting their money into it. What is it if not the laziness and greed?
9 There are much more facts and you already know them or will find out when read chats and forum.
10 Now dev is spreading LIES he and his children was threatened by me. There were no any word about his kids, I've only called him a kid. There were also no word about threats to his life. I also tried to push on him to make him fear and sell his premine to show the community who is he. Anyway he showed us: spread lies about children and trying to fix community attention on how bad Ivan is but not the truth in this article.
If the dev is talking about the police - he will be visited one day by them because he is trying to steal your money.
RESUME
- VSX is not a community coin at all: dev owns a huge premine and he is selling it. He hopes for volume and price rise just to sell more.
- When I found all those information, I was hoping he will stop approach the case the way like it's just a scam shitcoin, just his own quick business, but now I see it won't happen, because
- Dev is immature, lying, sneaky, greed, laziness and cowardice person.
Dear dev, or it's better to say owner of VSX, now live and fear - we or special government forces could come for you one day.
What can we do?
Save link to this article, share it to help people.
Selling VSX for more than zero satoshi is good decision. Those who will tell you HODL are idiots or just want sell higher than you. It's easier to think this is just a FUD. This is not and you know it. This coin has no future with such dev. When I wrote in FAQ A couple of months spent with blackjack, cocaine and hookers does not worth some years of courts and prisons or being searched and ass-kicked by community. I was completely serious and hoping he will hear me. He did not.
P.S.: sorry for my bad English.