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New updated pinned message on arbitraging.co telegram chat group still not up and running yet week 3 and counting
Detailed Exchange Updates
We recoded the backend of the exchange to function perfectly and remove all errors when placing orders. This also eliminated the bug that occurred when using multiple exchange wallets. While working hard over Christmas, we completely re-constructed the exchange’s backend to create a code that will be the new GOLD standard and far superior to the previous one.
Exchange wallets have been restructured as follows (A, B, C):
A: aBOT Earned Wallet – Located in the exchange wallet drop down menu, ‘Abot Earned Wallet’ will have a minimum 60% block priority. If the Block does not contain enough sell orders from “ Stop aBOT Wallet” and “ Exchange wallet” to fill the block then sell orders from “ aBOT Earned Wallet” can go up to 100% .
aBOT Earned Wallet.
Will have the ability to:
Sell directly from this wallet.
Send ARB back to aBOT.
Send ARB back to Main System Wallet.
Note: PRO+ will also function from within this aBOT Earned Wallet.
B: Stop aBOT Wallet – When stopping your aBOT, your tokens will be transferred to your STOP aBOT Wallet on the exchange wallet drop down menu.
Stop aBOT Wallet.
Will have the ability to:
Sell directly from this wallet
Send ARB back to aBOT
Sell ARB based on your membership level (Combined with Exchange Wallet)
Stop aBOT Wallet cannot:
Send ARB to Main System Wallet
Withdraw to external wallet.
Note: Stop aBOT Wallet can only fill up to 20% of a sell block.
C: Exchange Wallet – Default wallet in the dropdown exchange wallet menu.
Will have the ability to:
Function as it always has
Send ARB back to Main System Wallet
Sell ARB based on your membership level (Combined with Exchange Wallet)
Note: Exchange Wallet can fill up to 20% of a sell block
————————————————————————————————————————————————-
SELL/ORDER LIMITS:
For the initial roll out of the exchange limits are as follows:
Basic:
‘Stop aBOT Wallet’ and ‘Exchange Wallet’ = $500 per day
Earned aBOT wallet = Daily amount earned in aBOT or 500$ per hour if amount earned is over $500.
PRO:
‘Stop aBOT Wallet’ and ‘Exchange Wallet’ = $1750 per day
‘aBOT Earned Wallet’ = Daily amount earned in aBOT or 1750$ per hour if amount earned is over $1750.
Note: As the new exchange shows its ability to flow, we will raise limits so we can get them back to the regular BASIC and PRO levels based on the membership guidelines.
After levels are increased you will be able to sell more than the aBOT daily earnings via the ‘aBOT Earned Wallet’. This will allow you to sell your current ARB stored in your ‘aBOT Earned Wallet’ that were stored there and built up overtime.
ORDER LIMITS:
(For membership levels not using + feature)
To start safe and ease into full trade function, all basic exchange users will be able to have 1 open sell order at a time, PRO can have 2 open sell order at a time. After we see that the flow is restored, we will allow open orders at the previous levels as follows: Basic 1 sell order open at a time, PRO 3 sell order open at a time.
Unlike before – Users now cannot place sell and buy orders at the same time.
————————————————————————————————————————————————-
*** All ARB that were placed into ‘aBOT Earned Wallet’ resulting from stopping aBOT, will be moved from the “aBOT Earned Wallet” to the new “Stop aBOT Wallet”. This will give you the choice of selling them, while not creating extra sell pressure inside the “aBOT earned wallet”.
All of the new aBOT rules from the recent voting stay effective. The exact amount of ARB you have remaining from your stopped aBOT owed (eg 1000ARB at $7.67) will still need to go back into aBOT at the price and token amount in which you stopped aBOT. Once aBOT owed is cleared, the current market price will then be applied to any ARB going into aBOT from that point forward. (It does not matter from which wallet you choose to send back to aBOT, all aBOT debt must be paid before Market Value will be given going forward.)***
arbitraging.co abot internal exchange still not up and running yet week 2 and counting
Safe to say now arbitraging.co is a ponzi scheme exit scam in progress in the next few months
Based on negatives comments/feedback from many people on the internet especial in social media, not the telegram chat group for arbitraging.co that is since that chat room is heavily controlled by admins will mute and ban anyone talk negatives about arb platform.
The arbitraging.co arb platform telegram chat group/room is getting silly as I’ve seen investors very concern about their investment and asked legitimate question but either getting ignored or being answered by users/chatters in there with none-sense or unprofessional. For example one user asking how much arb token being stuck in arb platform during the changes over the past three weeks, and the answer they got was quad-trillion … from a common chatter in the chat room supposed to help others not making fun of them. This is just one example and if you’re in the chat room you will find answers like this. However there are some believers are that are still in the telegram chat room chatting, and most of their comments and feedback are repeated, positive feedback such as, go arb, to the moon, we love arb, we love DP, thank you DP (David Peterson name as owner CEO of arbitraging.co), we trust arb will be around for years, and so on… these feedback came from known people in the chat room for a very long time and especially from admins. Some people with positive feedback comments are investors does not want the program to fail because they got their capital investment money stuck in the arb platform and currently being locked, impossible to withdraw.
Many people trusted arb platform now shifting gear especially those that already got their capital or initial investment back already now trying to exit the platform by withdrawing selling, but it’s next to impossible to sell their arb exiting the abot, because the blocked them from withdrawing and sell to eth, even arb to coinexchange to sell to ETH that have heavy loss seem to be impossible. These are clear indication that the platform in is trouble or trying to kill time to exit scam. If problem continue for next month of January 100% this is a ponzi scheme exiting scam already in progress.
From my personal experience investing on similar program from many years ago coingeneration, cointellect, coinbee, ipsplus, bitconnect and many others, all these have actual people showing their face on the website and social media, publicly appears in person representing their business or company but end up disappear without much trace and the authority not doing anything much about it because it’s cryptocurrencies there isn’t fiat money involve. It’s like you got scammed by nigerian scammers, 99% of the time the authority have nothing to work with to find out who the scammers are, only 1% get caught.
So where do we go from here. Let start by saying, I was involved with similar project in the past. I gained $10k from here, loss $10k from there, make $15k from here, loss $15k from there, in the end you will loose, for me in the end I didn’t loose, I gain some not much, that’s how I learned and want to let people know what I learned. I saw a person in arbitraging.co happily showing off his $200K investment in the abot of arb platform, hopefuly that person already got his initial investment back, but according to his video youtube he reinvested some. Because if that person with $200K investment didn’t cash out a penny, then chances are he will have a tough time now to cash out because from now on on arbitraging.co arb platform will be just pure manipulation making you to continue to believe and stay positive with the platform because if you turn negative you will loose all your money faster.
Once again, if within the month of January 2019 and arbitraging.co is not back to normal problem free, that’s 2 months of problems. Then from there on, arbitraging.co will be just playing game with you, making you to believe and stay positive as they pack up cleanly and withdraw all their coins and erase all their finger prints, total clean of any evidence that could lead authority after them quick. Once they’re gone, the arb platform will be left running operating by ghosts and what will happen to those admins in the telegram chat room? well, some will keep their mouth shut, some will cry, some will make money and just leave and move on, some remain anonymous and continue on to their scam programs just like arbitraging.co What about novachain.cc and evoai and a bunch others? well how do we know it’s not being operate by the same owner or same ponzi scam team? we don’t, they will manipulate us and make us believe in them and make a few followers under them to believe and make others to believe until they no longer believe and go bye bye.
So what’s my prediction on what arbitraging.co going to do next? it’s simple really, they will keep coming up with excuses of not being to make the platform work for selling/withdrawing profits, or your profits earning get put into something that even have higher profit so you wouldn’t want to withdraw selling, or may force you to put into certain area of investment that the only way you can with your earning. Arbitraging.co will continue to make believers to continue to believe as long as they can while they pack up and last attempt to get more investors as older investors arb tokens or eth getting stuck in the platform like ETH arb. Just keep something in mind, most of the telegram chatters people in there are fake, comments such as “wow I just make 35arb in 5 minutes in the new vault platform new feature new investment platform arb2.0”, they comments feedback positive so the people who is reading will get excited and buy in and put in their investment in those vault and get locked up. In the end, sad to say, not too many people win, the real winner is the scammer owner operators themselves, those people don’t have a heart because most of us are poor and trying to make that dollar for some food or for love one of the quick way is through these high yield investment program (hyip) although we know it’s high risk.
Almost three weeks arbitraging.co is having problem investors cannot withdraw their full profit not at all
Since December 10th 2018 when arbitraging.co said they’re working on ways to minimize or prevent under-cutter, those people that want to sell their order quick by setting or set limit to sell sell price lowest to be first in line. So arbitraging.co came up with fees, big fees for selling price below the market price. Apparently since then arb platform have not been doing so well, more and more negatives comments and and feedback flooded the internet and social media in general.
Since December 10th 2018, most investors cannot sell their daily profit, some was able to sell but limit on how much they can sell and as time goes by arb platform even make it harder for people to withdraw or sell their profit to ETH. A few believers in telegram group chat, still believe in the program as of this day, almost 3 weeks already, these believers are appears to be the admins or have some connection with the platform, for some others just pretending to believe because they don’t want to loose their money already stuck in the arb platform and cannot be withdraw, it is locked and nothing they can do about it.
Since December 10th 2018, promise after promise of making the platform arb better and even released the improvements saying it’s better and even demo it on youtube and so on, but at the end it’s nothing other than restricting investors to do the most important thing that need to be done, withdraw or sell their profit, still almost three weeks as of today, still problems and issues, next to impossible for average users to go in and withdraw profit. On top of that the arbitraging.co arb platform had been shut down for three days and counting, prevent any withdrawal at all, no one can withdraw, and the reasons given were they’re updating, upgrading, you will love the new update, it will work better sustainable for years to come. Well, many people still have doubt, because investors have not seen the finished products and based on the 3 weeks of failure arb token failed to deliver, can investors trust the arbitraging.co arb platform any longer? or is it now clearly tied to ponzi scheme, had been a ponzi scam since day 1?
What could arbitraging.co arb token platform done better? – most likely communication, and then make sure the update or whatever they’re doing is done in the background while letting investors to continue their withdraw profit daily, meaning that all investors had money or arb tokens in their abot and generating daily profit, let those investors to continue withdrawal, and still allow newer investors as many think this platform is not doing arbitraging.co as they say, they profit and sustain the program by needing of new investors put money in. If no more new investors they will run out of money to pay, and eventually fail. However when they know they will fail, they will try last few attempts to get more investors by increasing the profit daily or promise of certain bonuses while working on their exit scam strategy, and believe me I have seen it done before as they will keep the existing investors interested even existing investors not getting paid, and get new investors to invest. At the end the owner/operators start to pack up and disappear and not a damn thing anyone can do about it, they’ll be long gone even if you report to police and authority not easy to track.
The reason for police or authority cannot track these ponzi scammers is basically we’re dealing with non-related fait currency, it’s not paper money, it’s not check cash, it’s not bank money transfer, but rather cryptocurrencies in this case with arbitraging.co it’s ethereum and arb token. The domain, website and hosting server can have fake owner, there is no requirement for ID check. For arbitraging.co the staff members had been taken down months ago no longer exist of who are the owner and staff, even if it’s still there, it can be fake. Even the owner show their face on youtube social media, in person representing the platform still he/she can fake. Example the guys name David Peterson, how can you tell he is real, how can you tell the tattoo is real, he could disappear and change his appearance by removing the fake neck tattoo, and the house and family he said he stay with, could be fake or under someone else’s name or renting with fake information. So be careful guys, read about how ponzi scheme work and see if you can connect arbitraging.co and novachain.cc and many others to a ponzi scam. You can still invest but know how much you can loose and when they show sign of exit scam, immediate withdraw and never look back, get into new one and try to do the same, knowing that it will not died or lock up your initial investment or capital.
How to know a telltale sign of a Ponzi Scheme
The motleyfool website have a good article about how to spot a ponzi scheme in operation from start to finish, a to z. https://www.fool.com/retirement/2017/01/30/how-to-spot-a-ponzi-scheme.aspx Although I have not read this yet, but I think I’ve experience enough to say I know a bit about a ponzi. I can spot a ponzi scheme or scam with just a few a few questions.
In life, if recalled back correctly, the first ponzi scheme I ever encountered was seeing a small ads in the newspaper about making money just go to a conference, so I did, and I paid, and they ask to paid more to gain higher position to make more money, and I did, and they disappeared, not a damn thing anyone can do about it because they use fake registration for the conference and those people even though with their face showing in public with many people but still difficult to claim and report to the police to capture them.
In the mail, if recalled back correctly, also saw ads somewhere maybe it was a magazine, make money by sending this person $1 and you will receive $1 from many other people, so maybe this might not be a ponzi scheme, more of a pyramid scheme scam. Also in the mail, assemble some toys or electronics circuit board and get paid, but you have to send them $100 or so, and they will send you a $2 kit for you to assemble and send back to them for paid $15, but nope never got paid and that owner ran away as well with my $100.
In person, it was at a bank parking lot, I was approached by an English accent person saying that he’s a business person but loss all his money through gambling, and he needed airplane ticket to get back to his country, he show passport of another country and such. He said he has $5000 worth of high end merchandise clothing, and will sell it to me for $1000, and I need to promise him not to sell it to anyone else. I told him I don’t have $1000, and then the price start to go down from $5000, to $1000, to $800 to $500, to $200, then $100 too hard to pass so I bought it at $100 and got 5 leather jacket smell leather. Wen back home and the jacket don’t even last 5 days as the leather smell disappeared as it was just some spray on leather perfume or something, and the jacket degraded as days go by and eventually started peeling and I didn’t even wash it. Loss $100 and I though I had a good deal, probably worth $20. Although that person didn’t make much money off of me, but for sure I loss.
Lastly online, needless to say it’s unlimited scam on the internet, I don’t need to say much, but for a ponzi scheme in term of making money, if you see a program or project saying you deposit $100 and get $200 in the next 2-3 weeks or less run away as fast as you can. If you see a project saying you will make 1% daily profit a day based on your $250 investment for however long they say, 1 month 2 month 6 months, run away as fast as you can. If you see a project or program saying you will make money in cash fiat by buying 1 bitcoin or other cryptocurrencies and deposit into your account, and you will have cash return back to you daily 0.5%, scam. All these are easy to spot, you don’t really need to know who they are, they can fake real ID of someone else operating the program to scam you, they can be as a real person that sake your hand, showing up on youtube social media and so, but still they already have exit scam planned way ahead of time before the ponzi program even started. Not easy to catch up or catch these ponzi scam owner because they already have very good exit scam strategy, either by extending common issues that never exist or just simply pay you less and less and super hard to withdraw money making you believe they’re working on better things. The next thing you know is they disappeared, good luck on going back to the house where they live, no one there, no one know where they are, if you even know where their fake house, mostly people said they do are the scammer themselves working together.
So, if anything sounds or looks too good to be true, then you need to think again and again and ask for second person that you know for an opinion. Now a day with camera take a picture as proof or something. There is no way to make easy money, you need to work hard at first, then with a lot of money you can invest with a more trusted financial institution although you make small profit but it’s guaranteed.
Continue reading “How to know a telltale sign of a Ponzi Scheme”
coinstarter.com at it again more scam coming? CoinBox & LivePod
It’s already been like what, how many years now when coinstarter.com started their scam? making people in believing the project, and after many promises of giving their community of supporter coins it never happened as they said, lie after lied. It started with giving communities many coins, then got reduced to 50%, then eventually to 10%, then now as of today nobody received any coins from coinstarter that worth anything, just broken promises and extending their time on pretending to working on something special, nothing was ever came in real use case. Sadly many people loss their money ETH BTC buying into this coinstarter.com, even more depress that nothing people can about it because no one know what or who this company owner or run by who and who to contact, nothing authority can do either.
On Monday, December 24, 2018, 7:19:22 PM EST, CoinStarter [email protected] wrote:
CoinStarter is excited to announce the first coin officially part of CoinBox.
Meet LivePod.
LivePod has dropped 1,000,000 LVPD tokens into CoinBox. CoinBox members will receive these tokens when CoinBox goes live, and we are close to launching!
What is LivePod?
LivePod is a video distribution platform that provides
services to you at a much lower cost.
They merge Skype, YouTube and a live webinar platform on the blockchain – all at a fraction of the typical cost.
When will we activate CoinBox to early members? Soon. CoinBox is a work in progress as we sign up new members and process applications for coin creators. We are diligent during this initial beta period to accept only projects/coins that we think are viable for our members. That said, we are super excited on both technology fronts. The onboarding process for members is running smoothly and the coin applications coming in from coin creators have met our expectations.
As we move coins from the application process into CoinBox, we’ll notify all CoinBox members. There will be many more announcements in the coming days and weeks!
The entire team at CoinBox wishes you a happy holiday and a prosperous 2019!
CoinStarter
Intershore Chambers, Road Town, Tortola, VG1110
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East Coast USA electricity company PECO increase price for year 2019 “PECO customers to see tax credit in January”
It’s funny on how PECO start of a letter to their customers, by saying tax credit will be given in January 2019, while the letter really mean to say they’re increasing the electricity bill by up to 1%. Meaning if you used to pay $200 a month you will be paying additional $2, and so on, just take your current bill and multiply by 1%. Now it’s probably nothing for most people but if you add up the montly 12 months by multiplying by 12, that’s more than a good meal for your whole family of 4.
One thing to keep in mind is your local power company price will never go down, it will always go up as time passed by. You will always pay higher each year whether it’s a 1% increases or 5% increases they have the power and control the price and nothing anyone can do about it, sure you can complain about 5% is too much and government step in and the outcome will probably come to 4.5% increases instead of 5%and sometime no changes because they argue stronger than we can.
On Wednesday, December 26, 2018, 8:03:20 AM EST, PECO [email protected] wrote:
Dear Customer,
At PECO, we are committed to delivering safe and reliable energy to our customers and the communities we serve. In early 2018, PECO filed an electric delivery rate request with the PA Public Utility Commission (PUC). We’re writing to inform you that the PUC approved new rates which will go into effect on January 1, 2019.
The rate changes will be offset by the recent Tax Cuts and Jobs Act, resulting in a less than 1% increase on customer bills. For a typical residential customer using 700 kWh per month, monthly bills will be increasing around $1. Additionally, customers will also see a one-time credit in January of about $35 due to tax savings from the Act.
These rate changes provide essential funding for maintenance of our electric delivery system and investments in new technologies to better serve our customers.
We look forward to providing you with enhanced services as a valued customer.
Thank you.
PECO. The future is on.
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Japan most innovated country now suffered a high decreased population of people living there
Well first of all, Japan can always adopt American born children I think we have a large population of new born here in the USA, if not us then in other countries like somewhere in Asia and Africa.
With all joke aside, according to CNN news this morning, https://www.cnn.com/2018/12/23/health/japan-birthrate-record-low-intl/index.html “Japan suffers biggest natural population decline ever in 2018” and they’re predicting that by 2065 their population will reduce to half if nothing is being done about. To me it’s just surprising for an advance country such as Japan population is decreasing, however I think their government will do something about it, to stabilized the population. If recalled back correctly, the death from gun violence in Japan is like 1 annually, but the death from suicide is a lot greater, most death caused by suicide due to career failure including business.
arbitraging.co arb tokens platform will shut down for two days scheduled come back after Christmas or maybe even New Year 2019
Look like arbitraging.co ARB tokens platform pinned a message on the official telegram chat group of arbitraging.co, that they will shut down the platform for two days based on the message below.
Currently all the open orders in the platform had been cancelled, some if not all users had their open orders mostly sell arb to eth had been cancelled. Some stay up very late, some spent hours sitting waiting for the blocks to change color so they can get in the block to sell their arb, even if they got in to sell, most likely their order get cancelled at a later time and even a day later to find out it got cancelled for no known official problem or issue. Some wasted many hours to sell their arb waiting for the block to change to allow them to put in their orders but either they a message such as 0 remaining, block filled full, block does not exist, and even if their order said “order placed” they still see the open order listed in the order history. So as you can see the users have the right to be upset. But, there are just a small handful of people was able to sell their arb to ethereum but very few lucky one though for much much small volume like 1 arb.
arbitraging.co telegram group, be careful in there because there are a few things to keep in mind. (1) There are lots of scammers waiting for their next victims and it could be you, they simply message you pretend to be admin at the right time trying to resolve your issue, or those scammer simply pretend to be some pretty cute bimbo girl and try to get you send them some money. (2) when chatting or whatever you type it better be positive, if not you will get muted then banned. Those admins in the chat group most are not arbitraging.co staff but investors like us but they have direct contact with some of the dev team. However there are a few admins in there are indeed the dev team or the staff of arbitraging.co being anonymous.
Once again, the owner or ceo being transparent as arbitraging.co, does not mean that they’re totally legitimate. Being as transparent as arbitraging.co CEO owner simply mean that they will get more people to believe in them, more investors, more longevity than the others like novachain. Novachain have no ceo or owner that would show their face thus their investors users are a lot less than arbitraging.co. However those owners or ceo can disappear at anytime if they want to, sure you can file report or report to police authority, but chances are very little chance that the authority will look into it let alone really work on it because we’re not dealing fiat currencies. One day if arbitraging.co decided to exit scam they will start pretend to have issue, slow paying, paying super slow to none giving excuses of cannot pay due to maintenance, being hacked so on and so forth. Basically they accept incoming deposit investments investing from new users, but the older users get paid selectively or at some point they even manage each individual account who to pay and who not to pay. Mostly the one that got paid are the one that have positive comments and publicly talk about arbitraging.co in positive way like in youtube, reddit, bitcointalk and so on, those people will get paid, and the rest will get nothing.
So the positive side of being in arbitraging.co for most users according to telegram chat group feedback and comments, this ARB platform is more reliable and more transparency than the other, at least many think it will last a lot longer. The users still have hope that things will get better, they can only hope. However the owner or ceo named David Peterson said things will get better, but he had been saying that since the first there was issue, things never got better, it worst and worst, but they kept saying they’re working on it and will fix all problems, I think that’s a very optimistic thing to say.
As more and more people having issues with this platform and they’re trying their best not to be negative as it will effect new investors not going to invest and it will hurt the arb platform not being able to pay because they don’t have new money flowing in to pay. Now some may think that ARB does not need new investors because ARB is arbitraging, according to the comments on the internet about arbitraging.co there isn’t any proof at all that arbitraging.co is doing any arbitrage trading, when asked, they said it’s proprietary or want to make it private because they don’t want other platform to copy their strategy. What about the mBot? has many people been profiting from mBot? – there isn’t much proof either. However some believe said, give it some time, for how long no one really know.
So how to make arbitraging.co work? – the correct approach as many thinks are: (1) ARB should have better communication via email, not just chat room group telegram or discord, because not too many people are on those chat room, at least they check email. (2) Communicate with users when there are issues problem arise give them a heads up before bringing the system down or making changes. (3) Be professional if you call yourself professional but the ones who are supporting the platform are cussing and wearing more and more each day. So far none of the above three were met, as it turning toward being more of a high yield investment program (hyip) rather than a real arbitraging professionals program. Just to reitterate hyip exit scam, it is matching of what arbitraging.co is doing right now, lack of communication, making changes without users prior knowledge, making hard or next to impossible to withdraw profits, these are telltale signs of a hyip failure going to happen soon, they’re just stretching the time to exit so that they can buy ticket to leave the country or disappear somewhere where no one will be able to find them for a very long time with money stolen from users. Well, let’s hope arbitraging.co is not one of them, as many users are hoping.
Let’s hope arbitraging.co not going to collapse so soon. If they are really arbitraging then don’t really need new investors, now if there are sign that they need new investors then most likely they’re not arbitraging or their arbitraging strategy no longer work, and they’re not making any money so they will fail. Let’s hope arbitraging.co stay in business longer as many investors are now hoping for, as nothing else they can do but hope and stay positive. For how long? who knows.
Dear users, we would like to notify you that we will be taking the exchange offline shortly. Major updates and fixes are coming to ensure stability of the system and trading conditions. We have a string of updates to perform and they are best done with the exchange offline.
The downtime is expected to be approximately 48 hours. This will allow our community to have time to enjoy the holiday while we work on the updates.
Thank you for your patience and Merry Christmas !