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Comment by codebolt | Hacker News Reader

I've never heard of Wireline before, but looking at the above tweet and a quick glance at their website (https://www.wireline.io) makes this whole thing smell like a team of amateurs running a scam. Why anyone would think it would be a good idea to dump a million USD into any ICO is beyond me.

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hey hey it was me :)

1. they promised this would be ethereum community fund's first ever investment 2. they promised q2 2018 token release guidance 3. they promised jun hasegawa would mentor Lucas Geiger to lead a huge marketing campaign 4. they promised other investors were in the round: golem, augur, matt mullenweg, wendell davis, david lee (refactor), dhvc, hashed, qtum and others are investors. i never confirmed if they really were all invested, but this is what was marketed to me

since then - i simply cannot reach lucas geiger or the advisor sizhao, who was the creator of farmville and has a ton of followers on twitter for thought leader type posts. sizhao said he invested in wireline, but now the company denies he ever did. he has since blocked me and doesn't respond

Pretty good demonstration of why at least SOME regulation of the ICO space is a good idea.

again i take full responsibility for the losses. i invested with the selfish motive of making a return, for my personal benefit, and it didn't go as planned.

however, they did falsely market the investment to me and that is something i do feel is illegal and not okay

absolutely they're under the jurisdiction of the SEC as they took money from US citizens

That's terrible. Good luck to you, hope you get your money back.

thanks

If you have records of these conversations can you not sue them?

i have all of the records, yes suing is definitely a consideration at the moment, the new ceo has promised to find middle ground / some sort of resolution after devcon

Do you think they will give you some money back? Do you think the token sale or SAFT are going to materialize into anything at all on the exchanges? In your opinion, are the SAFT deals just locked away forever with the invested funds slowly bleeding out?

i doubt i'll get anything back and also doubt it'll be worth anything on exchanges

yes, almost all safts are depreciating if not totally worthless assets

For what it's worth, I'll take a tenth of the funding and promise to deliver just as much.

lol i don't doubt you

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