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g999 [2024/01/22 13:54] (current) tinydaguava
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 +{{::g999_logo.png}}
 +==== G999 ====
 +G999 is a gold-backed cryptocurrency with a 999.9% 24 karat purity issued by The Gold Standard Bank (GSB) and [[GSPartners]].
  
 +===== G999 Project Information =====
 +
 +^ Official name  | G999 |
 +^ Website | [[https://g999main.net/]] |
 +^ Launched | 15 Oct 2020, [[:karatbars|Karatbars]]  |
 +^ Contributors   | [[Josip Heit]], [[Alex Cocindau]] |
 +
 +=== Info ===
 +After splitting from [[Karatbars]] and his partner in [[Karatbars]], [[Harald Seiz]] (who started a competing project [[V999]]), [[Josip Heit]] and [[Alexandru Cocindau]] started the [[G999]] project on top of [[GSB|Gold Standard Bank]]. [[G999]] seems to be a direct fork of PIVX, and much of its documentation seems to correlate to a previous project called BitcoinPOS.
 +
 +[[G999]] has its roots in [[Karatbars]] and is related to [[Karatbars]], [[Freebay]], [[GSB]] and [[V999]]
 +
 +From its marketing material:
 +G999 is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, a new generation of communication, and high transaction capacity.
 +
 +====== Evidence that G999 is A Scripted Scamcoin? ======
 +
 +GSPartners’ G999 seems to have originated from a pre-purchased script((https://behindmlm.com/companies/gspartners/gspartners-g999-an-off-the-shelf-scamcoin-script/)), potentially used in launching prior scamcoins.
 +
 +The G999 website claims its development process began in 2018, detailing various stages of blockchain development throughout that year. The community links section on G999’s website includes a BitBucket link to its blockchain source package, uploaded in November 2018, aligning with their claims.
 +
 +However, notable details arise in the "Need Help?" section of the readme file within G999’s blockchain source package. This section redirects to a BitcoinTalk forum thread for SafeInsure Coin (SINS), an unrelated pump-and-dump shitcoin launched in September 2018. SINS eventually stopped functioning in early 2021.
 +
 +Following the decline of SINS, another similar coin, SafeCapital (SCAP), emerged in December 2019, met with abandonment around July 2020.
 +
 +G999’s readme file strikingly mirrors that of SINS, indicating a mere name change from SINS to G999 without substantial alterations in the underlying script. This was further substantiated by the referenced source files of G999, SINS, and SCAP, highlighting resemblances.
 +
 +However, subsequent to this article’s publication, GSBank removed the G999 source readme file and deleted the commit entry, potentially attempting to erase evidence indicating G999's similarity to SINS and SCAP.
 +
 +Further examination of G999’s readme uncovers more traces linking it to SINS, including broken links to SINS’ root readme file, suggesting a strong resemblance and potentially indicating G999's genesis as a clone.
 +
 +G999’s BitBucket code project has remained stagnant since October 2020, indicating a lack of ongoing development.
 +
 +Contrary to GSPartners’ representations of a dedicated blockchain team behind G999’s development, evidence suggests the purchase of a script, with modifications only to incorporate the project's name.
 +
 +While G999 followed a pattern similar to SINS and SCAP in terms of pumping and dumping, the MLM comp plan behind G999 continues to generate profits for GSPartners' founder, Josip Heit.
 +
 +Less than 48 hours after BehindMLM published evidence that GSPartners’ G999 was created via an off the shelf shitcoin script GSBank had deleted the evidence. ((https://behindmlm.com/companies/gspartners/gsbank-quick-to-delete-g999-clone-shitcoin-evidence/))
 +
 +
 +=== People Involved ===
 +
 +  * [[tonydegouveia|Tony de Gouveia]]
 +  * [[andreweaton|Andrew Eaton]]
 +  * [[brucehughes|Bruce Hughes]]
 +  * [[brendonearpjones|Brendon Earp-Jones]]
 +  * [[Adrian Pilling|Adrian Pilling]]
 +
 +=== Celebrity endorsements ===
 +German actress Sophia Thomalla appeared in a promotional video for G999 with [[Josip Heit]]((Schauspielerin Sophia Thomalla wirbt für dubioses Blockchain-Projekt
 + | https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/spot-fuer-g999-schauspielerin-sophia-thomalla-wirbt-fuer-dubioses-blockchain-projekt/26756134.html))
 +
 +=== Regulator warnings ===
 +The New Zealand regulator, FMA issued a warning against Karatbars, FreeBay, G999 and related companies.
 +
 +=== Other Links ===
 +
 +  * In-depth Review - https://youtu.be/EHADs4wy-Sg
 +  * G-Crypt analysis - https://www.youtube.com/watch?v=JXe891WPiOc&t=5s
 +  * G-Crypt Blog Post - https://g-crypt.com/g999-scam-opportunity/
 +  * Coinmarketcap  - https://coinmarketcap.com/currencies/g999/
 +  * Financial Markets Authority - https://www.fma.govt.nz/news-and-resources/warnings-and-alerts/karatbars-karatbit/