Recently, an outlet that I would not deem as any sort of journalistic publication released an article with the intent of damaging the reputation of our business, and myself (the founder of the company). We have been expecting this article to come since May, and frankly; I’m disappointed. I was expecting something better than Daily Mail level journalism. You know what, this isn’t even that. Calling it journalism is an insult to journalists everywhere.
I’ll be quoting segments of the article and responding accordingly; but before then, I’d like you to know a bit about us. We do what we can to help various digital currency, we are primarily a merchant platform; with our consumer platform coming on second. All of our other services (including our currency exchange) fall very far behind. We have a growing team of staff members who all do an amazing job, and myself, my team, our investors and our customers; have all been subject to constant attacks since close to day one.
There has been a co-ordinated effort to bring us down, and I would be very surprised if the “author” of this article was not involved. Of course, that will be denied.
The company has solicited more than $500,000 in investment money from users, according to investor documents obtained by the Daily Dot
Unless they have gained access to documentation from all of our investors (which they have not), I wonder why they are deciding to make up numbers on the spot? This explains why a number of investors complained to us in regards to being cold called by the author of this article.
Someone else noticed this frenzy. He was quiet at first, but Alex Green had a different vision from most of r/dogecoin. He saw a burgeoning empire, and a way for himself to sit on top.
No, I saw a business opportunity. We were already in the midst of launching the platform. I can’t imagine any business that wants to see themselves on top, but personally, I do not intend to be working in the sector anymore; because of the constant co-ordinated attacks on myself.
On Feb. 7, Ben Doernberg, an early member of the Dogecoin Foundation, threw the scene a wild Dogecoin-themed party near Wall Street in New York City, complete with musical chairs, people in all sorts of costumes, and real-life Shiba Inus, brought by a dog shelter.
You seem to have forgotten the fact that we sponsored this party. Ben Doernberg had no issues in taking our money, and never raised any problems in relation to us until we launched a non-profit fundraising platform.
He also uses his Reddit persona to personally address customer issues that reguarly make their way on to the subreddit.
Yes, because I feel that addressing customer service issues… is a good thing?
Eventually, however, skeptics’ scrutiny wore him down. Green eventually admitted that the generous tip “was a planned PR stunt.”
I admitted this as it was the only way to silence some detractors. There was no planned PR stunt, I just wanted people to leave the tipped party alone and stop throwing abusive comments at them. It is not the first time I have tipped such a large amount. From a PR perspective, it indeed worked great, but this was not the reason. Much like much larger tips that were made since then, have not been publicized in any way.
Dogecoin was an untapped market, and Moolah quickly billed itself as the go-to place to trade it. No one stood to make more money from the currency than Green.
I am concerned regarding the research that went in to this article. We do not bill ourselves as the go-to place to trade it. Our currency exchange is an afterthought, our primary service is our merchant platform. Our currency exchange makes us close to nothing at this stage.
Like before, Greene appeared to shrug it off and challenged other users to match him. It worked.
Yes, I turned a mistake in to something even more productive for the community. I find it rather entertaining that the author of this article (who has been working on this expose since May) tries to paint that in a bad light.
each round of funding aimed to raise 250 BTC, or about $160,000
You do realise that the price of Bitcoin changes consistently, correct? You’re writing an article about a digital currency company, at least try to remain consistent.
In June, the SEC chargedanother Bitcoin entrepreneur, Erik Voorhees, for soliciting money for investments in two startups, which he advertised on Bitcoin forums andFacebook. He settled with the SEC for $50,844.
As the SEC themselves will tell you. No two cases are like. Pointing to one and saying they’re similar is nothing short of ridiculous.
A number of finance attorneys who spoke with the Daily Dot agreed that slices of Pie certainly constituted securities
And we have attorneys that beg to differ. It is not hard to find a conflicting opinion. See, the difference is that we have a full and thorough understanding of everything that constitutes our business from an operational perspective; the random attorney you find by the side of the street, does not.
“This type of failure could have potentially serious consequences for the company,” Shadab said.
After having spoken with the SEC, and feeling fairly confident, all I can assume is that you intentionally presented documents in a false light in order to get the response that you wanted. If we were based in the United States, then our filing would have indeed been a requirement. Because of the rather complicated operational structure that we have, we acted on the legal guidance that we were exempt, and will continue to do so until we receive formal clarification to the contrary.
You do realise that 20 users is an absolutely insignificant amount, correct? I could have 20 users chime in and say they’re from anywhere in the world, it would be statistically minute.
Moolah’s confused timeline extended to its registration with regulatory bodies like the Financial Crimes Enforcement Network (FinCEN), a U.S. government division devoted to tracking financial information like money laundering.
No, it does not. There is a 180 day grace period. We filed within that period, we’d appreciate it if you didn’t try to make it falsely appear that we were in breach of this particular FinCEN issue.
Green refused to even confirm to the Daily Dot that more than one of his employees had ever met him in person
This was confirmed, on more than one occasion. Would the author of this article please stop lying? It is getting quite tiring. Was your editor asleep? Did they not ask for any proof?
and Green, who vapes almost constantly, threatening to sue him for harassment.
I was quitting smoking. The fact that you are drawing attention to this is nothing short of the worst journalism that I have ever seen. The Daily Mail could do better. Hell, the Star on Sunday could do better.
In that sense, Moolah absolutely won. After their talk, Doernberg resigned as a moderator of r/dogecoin. He quit the foundation a week later
You seem to not realise there is more to that discussion than the video. He stated he would resign if I did not personally provide a copy of my identity documentation to him or Jackson Palmer. I called his bluff. There was about as much chance of that happening, as there is giving my passport to a homeless person.
On June 6, one of the remaining moderators, lleti, admitted being hired by Moolah—though that only lasted for a few weeks, before he or she resigned.
Again, why are you lying? They’ve not resigned, they’re still with the company. I’m wondering why you are again making things up in an attempt to paint things in a damaging light?
And just as no one stood to gain from a surging Dogecoin as Green, no one stands to lose as much as him if it fails, either.
Dogecoin currently accounts for less than 10% of our transaction volume; if Dogecoin failed – we would survive. With attacks like the one you have crafted however? I’m not so sure.
One thing I am sure about though, is that the author of this article should give up his day job and move in to a field he is more suited for. Writing is not where his talent lies.
As per usual, I expect that the publications syndicating and commenting on this article; will not reach out to us for any sort of comment. Sheep mentality and all that.