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RE: Bee Token ... A Big Hype ... whereas they have stolen idea from Lockchain.co and claims it to be their own

in #scam7 years ago

Thanks for investing time in looking a bit deeper into this project. In times like these, when scam coins jump up the ladder, it's of upmost importance to know what it is exactly, where you invest your money.

I've also looked into the project and especially checked some of the details you dug up to see if your concerns are legit. There's a few things that need clarification as some of your points don't hold up in my opinion:

Lockchain was first

You're right, lockchain was first. However, there's enough space for multiple companies doing the same thing. It's also common in emerging markets that there's a multitude of contrahends contesting over market share. When looking at AMD and Intel, nobody would argue over who was first in the market. It's simply no argument at all and the stronger will prevail.

This is also the reason why a lawsuit would be pointless. As long as you don't hold a patent on something, you can't protect an idea.

On one point I agree with you: Having the "0% Commissions" slogan is a bit more than a coincidence. They've definitely adapted it from Lockchain and it's a pity that they're not more creative than that.

Beetoken copied Lockchain's whitepaper

First of all, if you claim such a thing, you'd better deliver hard evidence on this matter. You might have heard of the controversy in the SOMN vs. DADI debate. It's been made clear by the community, with a little help from plagiarism tools, that those two whitepapers overlap.

I've downloaded both papers, I've copied their text and put them in every plagiarism engine I could find. Apart from two rather generic sentences, there has been no result in terms of overlaps.

The role of Johnathan Chou at Uber

All your observations seem to be true. On the coins website, he's described as Lead in Security and Fraud, whereas on his Quora profile he's denoted as software engineer. Well that doesn't add up, right? There's another link we can follow. On his linkedin profile the riddle is solved:

Tech Lead on Fraud & Machine Learning / Cyber Security department.

Turns out, the division he was working on was Security & Fraud, while the role he executed was that of a tech lead in software engingeering.

Channel ban

To be fair, you've been officially warned before the ban. I must say that you've rather been on the aggressive side and had a clear opinion in your head instead of having questions as you stated in the chat.
Together with an awful lot of mistakes and implying that the project is a total scam, I can understand that you've been kicked after one clear warning. He's been rude as a reaction, which shouldn't have happened.

I've done my reasearch because I'm honestly interested in the project and not because I'm invested in it or have ties to the members. I hope I could add to the discussion and correct some of the points that I found out were unsubstantial or unfounded.

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Just by reading an other article below it should be enough for you to realize most of the points i have highlighted above.

My observation along with any other investors is, BeeToken's team is full of arrogant Dolts who are just in the ICO to make quick money and prolly look for some other venture after BeeToken's demise. Trust me read Jonathan profile and his life spending routine. you would come to same conclusion too. Being in the neighborhood of rich lads with bad money spending habits. Btw i was banned from reddit channel as well from their medium channel as well. However, at the end of the day, its your money, and you are the best person to spend it the way you like. My only argument to that is, you can't burn it the same way for the investors.

Also, they have modified their white paper afterwards when they had been exposed badly.

https://steemit.com/blockchain/@truth-exposed88/lockchain-vs-beetoken-who-is-gonna-change-the-rental-market-with-0-commissions-using-the-blockchain

Also, they have modified their white paper afterwards when they had been exposed badly.

Can you show me where they have been exposed? I haven't found anything on the internet. There should be an article, a forum post or something on steemit, right?

Why don't you help me and dig this up for me? If this is true, it will certainly affect my opinion on bee token.

I can fully understand and accept that you are supporting this project... To be honest I was about to invest 8000 $, but really after done my research and tried to ask my questions , I received only ignor and disrespectfulness... This type of arrogance isn't very attractive to me personally... I felt like: I am going to buy me a new car and the dealer is saying to me '' If you want to know more about FORD, go to ask Chevrolet'' Thatswhy I started my own deeper research and found another questionable facts... I prefer to skip the big ICO_dumb and to invest later _ IF_ after all...
https://steemit.com/beetoken/@truth-exposed88/beetoken-more-questions-with-no-answers