Pipcoin is Africa’s first P2P Cryptocurrency and is more seen as an emerging digital currency that seeks to revolutionize accessibility and raise awareness about the importance of online trading to the multitudes of both the aspirant traders and those who are completely unaware of the abounding benefits and opportunities offered by the digital market. Thus, for all its worth as a potential life-changing tool, we want Pipcoin to be everybody’s business.So this is new... lets take a look at their FAQ's because I have many! here are my favourite bits:
What Is The Structure Of A Pipcoin? Pipcoin Concept (for developers) -IF YOU HAVE 0,9999 MICRO-PIPS THEN IT WILL BE ROUNDED OFF TO 1.0000 – MAKING IT 1 PIPCOIN-lol really? Where does that extra micro
Why Pipcoin Isnt A Get Rich Quick Scheme Whenever there is a new digital breakthrough it is natural for people to be sceptic, this has been scientifically proven. Even at one stage the internet was said to be a scam, same goes to online trading, they said it won’t last. Same goes to Facebook; they said it’s an information-leaking scam. Same goes again to Bitcoin they said it’s a ‘failed experiment’. Pipcoin is the people’s currency and can never in a scale be compared to ponzi schemes and investment bonanzas; Pipcoin is a friend-to-friend digital currency which has its own crypto keys and public ledger just like any other legit digital currency. Everyone is a host to the currency, every participants’ computers serve as servers to the system and just like forex trading it is a zero-sum game, when you buy the coins there will be someone selling to you.SkepticalHippoIsSkeptical.jpg
Who Is The Founder Of Pipcoin? However the inception of the idea can be credited to David Schwartz and the inception of the algorithm and mathematics behind to Ref Wayne, a 21 year old South African who is behind the creation of most high-tech forensic software as well as the indicators for financial trading platform (Forex Metatrader), it is without chance that the creation of Pipcoin is water-proof and crack-free.Aside from the laughable wording, this is perhaps the most interesting part. If you can make it through this interview or this video his story sounds a lot like this "David Schwartz" story here. Excuse the popups but give it a read and obviously the comments at the bottom.
Is Pipcoin Legal? ...After all, there is no authority that can stop anyone from buying and selling a product online.hahahahahahahahAHAHAha!
Do I Need To Provide Any Id Documents To Join Pipcoin is a cryptocurrency which means it’s completely encrypted, even for its users, it remains completely confidential. You don’t need to submit any documents.erm... surely this goes against SO many laws in SA?
How Reliable Is This Website In Terms Of Security And Keeping Personal Data And Pipcoins [no ? at the end of these ones for some reason] We pay great attention to security and the confidential information on the website is protected by EV SSL. We don’t divulge any personal data of members to third parties. Your participation too, is strictly confidential.thats...not really explaining it at all. SSL isnt the be-all and end all - but oh there's another one right below. Im sure that'll clear it up...
Are You Protected From Hackers We have installed power Anti-DDOS protection on our servers and have many other security measures.well that settles it.
All references to the ‘company,’ ‘us,’ ‘our,’ ‘we’ or ‘Pipchain’ means Pipchain South Africa S.a.r.l., a company registered under the laws of South Africa, with a share capital of EUR 55,222.08, having its registered address at L-2340 South Africa, 1, rue Philippe II, registered with the South Africa Trade and Companies Register under number B 190.078 (Business License number B190078).I tried to find out if thats real but I couldnt figure out how to do it via the new http://www.cipc.co.za/ site.
Typos galore eg - " Server failure ordata loss;"
We make no warranty that the Website or the server that makes it available, are free of viruses or errors, that its content is accurate, that it will be uninterrupted, or that defects will be corrected.
- AGREEMENT TO HOLD PIPCHAIN HARMLESS
7.2. If you are obligated to indemnify us, we will have the right, in our sole discretion, to control any action or proceeding (at our expense) and determine whether we wish to settle it.ok...
9.1. You need not use a Pipchain Wallet. If you wish to use the Wallet, you must create a wallet with Pipchain to access the Services (“Wallet”)I need an adult.
10.5. No Storage or Transmission of Pipcoins. Pipcoins are an intangible, digital asset. They exist only by virtue of the ownership record maintained in the Pipcoin network. The Services do not store, send or receive Pipcoins. Any transfer of title that might occur in any Pipcoins occurs on the decentralized ledger within the Pipcoin network and not within the Services. We do not guarantee that the Service can effect the transfer of title or right in any Pipcoins.and
10.8. No Cancellations or Modifications. Once transaction details have been submitted to the Pipcoin network via the Services, The Services cannot assist you to cancel or otherwise modify your transaction details. Pipchain has no control over the Pipcoin Network and does not have the ability to facilitate any cancellation or modification requests.In the SABC interview (linked at the top of this post) the CEO says he took bitcoin and 'modified' it to be safer and so you can track 'stolen or lost' coins. So thats a lie.
erm, ok but because PIPcoins can only be traded on their website and not transferred to anything else... how does that work?
- DISCONTINUANCE OF SERVICES 15.1. We may, in our sole discretion and without cost to you, with or without prior notice and at any time, modify or discontinue, temporarily or permanently, any portion of our Services. You are solely responsible for storing, outside of the Services, a backup of any Wallet Address and Private Key pair that you maintain in your Wallet.
17.1.3. Use any robot, spider, crawler, scraper or other automated means or interface not provided by us to access our Services or to extract data; 17.1.4. Use or attempt to use another user’s Wallet without authorizationthe enter key is a hard one to find on a laptop I'll give them that one...
The company has promised that it will soon be issuing a debit card. Promising to issue a debit is an old trick used by fraudulent companies to create a false sense of trust and legitimacy to unsuspecting investors.and
The transfer of pipcoins is verified by one sources, instead of 3 independent source as is usually the case with legitimate crypto currencies with a blockchain.and
They also use wording similar to ‘get-rich-quick' scheme lines such as “Pipcoin will create over a 100 millionaires by the end of this financial year”. These are revealing signs of a fraudulent scheme. Moreover, pipcoin is a closed system, you cannot trade with anyone other than randomly chose people registered on the website. Their blockchain is not public or transparent, in fact, they do not have a blockchain and, if they do have one, then it is not operational.So who's behind it? Who is this Ref dude?
"This website was built as a public service announcement by concerned citizens (and shows what a legitimate site should look like"I did try connect with the 'owner' via twitter to find the source/calculation of the "R40 314 800,00 lost & counting" figure but so far no reply.
Forex Ghost Trader – David Schwartz Review. FRN Team 12 Comments. So today we have Forex Ghost Trader one of the latest and greatest software to be released. But how good is it really? Or is it just another bust? This is what I will be investigating in the latest Forex Robot Nation review series. Tagline: How does this renegade trader make a huge $1,046,159.90 from one astonishing forex ... Talk about a costly investment decision. The chief technology officer at distributed ledger startup Ripple, David Schwartz, has revealed that he lost more than $300,000 trading a couple of ... Ripple’s CTO David Schwartz named the innovations related to XRP during the Twitter conversation with Blockstream’s CEO Adam Back. Namely, he mentioned decentralized exchange (DEX), invariant checking and the fact that new keys can be issue receiving addresses. Also, XRP appears to be the first cryptocurrency that can be forked without the proof-of-work (PoW). However, Adam Back was not ... Forex Ghost Trader David Schwartz has got more than a decade of forex trading experience. So when you trade with the Forex Ghost Trader Signals Service, your account will be managed by a real trader who know how to quickly adopt to the changing market conditions unlike a forex robot. You can test this service RISK FREE for 30 days on your demo account for a period of one month and see if it ... About that time, he encountered David Schwarz, ... Louis Tshakoane is yet another 30 years old young businessman who made his way to success by trading on the Forex market and with cryptocurrencies. He was born in a rich family, but he continued to work hard to keep his lavish way of life. Louis started making money as the owner of Botho Gym. He started the business with the help of Richard ... David Schwartz, the stock market historian and columnist, has died from cancer aged 73. Schwartz, well-known for his statistical analysis of the equity markets, was the author of a number books on ... David S. Schwarz occupies the position of Chairman of Northstar Townsend Institutional Real Estate Fund, Inc., President, Chief Executive Officer & Director at NorthStar and Managing Director at...
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