How Waqar Zaka Ruined and Escaped a Public Debate Offer - TENUP SCAM EXPOSED

Written and researched by : Mohammad Mustafa Ahmedzai

Today there are over 18,000 non popular forks of the original Bitcoin code at github repository. It roughly takes "less than 2 hours" to create a new cryptocurrency under your branded name.

You can setup a fancy website, hire a developer to build a wallet+explorer for less than $2000, write a whitepaper and promote your ICO all within a month.

And then start selling these worthless computer bits as digital gold to non-techy investors via online web exchanges by promising them huge future returns.

Not only are these cryptocurrency startups poorly regulated but they are extremely vulnerable to security breaches and heists due to a lack of experienced developers working on the
platform’s security systems.

Over $731 million worth of cryptocurrencies were stolen from Crypto exchanges during just the first half of 2018 alone...!

Two of the biggest crypto exchange hacks in 2018 were the $500 million Coincheck hack in Japan and the $40 million Coinrail hack in South Korea.

This is one big reason why I call cryptocurrencies as a deceitful impostor that is neither money nor currency but the second greatest scam after free floating fiat currencies. Paper corrupted money and Cryptos will make it worse.

Both Japan and South Korea has one of the world's
best computer programmers and penetration testers but yet even they could not protect themselves against security breaches.

Then how come a team of Tenup, some of whom are not even
computer programmers but electronic engineers with just "5 months of blockchain experience", promise to provide bullet-proof security and not let investors' money disappear in thin air?

I was shocked to know, how come a man, who has no technical sound knowledge about programming and distributed systems, can invite innocent non-techy audience most of whom are just too young to understand the difference between money vs currency to invest in his project that offers worthless computer bits as investment tokens?

I had already investigated his earlier project called Ouicoin.io where he had literally hired just a "single" russian developer called @maxzambinq to do all the work for him and
guess what, it badly failed and now his website says:

"WE ARE COMING BACK REAL SOON!"

Do you know what Ouicoin was claiming 6 months back? Read this:

"Welcome to the OuiCoin Masternode Network, the best return on investment in the Cryptocurrency Market."

Then he started misguiding people with a new "lollipop" called Tenup.io by playing the refugee card and using people's emotional sentiments for yet another worthless computer bits.

When non-techy people question him why he left Ouicoin in middle, he misguides them that look, I have not, I have just changed its brand name to Tenup just like how Darkcoin changed its name to Dash and Antshares to NEO. According to him its just the same Ouicoin now called Tenup with a local development team.

But wait! This is one great example of how one can deceive his investors.

Nor Dash nor NEO changed their protocol code or consensus mechanism. Their mining network algorithms, wallets and exchanges are still the same. They just changed their names without changing the algorithms, business model, business goals and infrastructure.

On contrary Ouicoin was a fork of NovaCoin and PPCoin while Tenup is a fork of PIVX. Calling them the same is like saying both Linux and Windows are the same Operating systems, created by one common founder. He is literally fooling innocent public who are not too tech-savvy.

His level of technical intellect is such that he does not know the difference between Darknet and Darkcoin. In our private chat, as you can see in the screenshots, he said Dash coin's original name was darknet! This is the height of a poor background knowledge.

He published a video few hours ago telling people how his "haters" don't know the difference between Dash and Dashcoin. What would you say about a self-proclaimed crypto-god of Pakistan who himself doesn't even know the difference between Darknet and Darkcoin?

Based on my quick research and a look at Tenup's protocol code at github, I was convinced that Tenup is just another exit scam where investors are attracted by bogus promises by asking them
for fund deposits with no guarantee of any refund-policy in case the exchange suffers through a security breach. He is literally inviting non-techy people to throw their funds inside a
basket with a fire beneath it.

Exchanges can not only be hacked but they can easily be manipulated by the developers through trading bots which Mr Waqar jokes about while indirectly pointing me in his latest video.

For the record let me educate not only him but his followers too with trading bots:

----------------------------------------------
One of the biggest Bitcoin exchange hacks include Mt.Gox which was hacked in 2014 and users lost all their 850,000 bitcoins worth $450 Million at that time.

Mt.Gox was the biggest exchange of its time and it was popular for many things which includes price manipulation using “trading bots” called Willy and Markus.

According to a research done by researchers Neil Gandal, JT Hamrick and Tyler Moore, Mt.Gox fraudulently acquired 600,000 bitcoins (BTC) valued at $188 million by manipulating Bitcoin prices from $150 to $1,000 within just two months using trading bots, who did not actually own any actual bitcoin while trading!

What MT.GOX did, almost every unregulated and unaudited crypto-exchange can easily do, to fake the trading volume to show artificial transaction activity and thus inflate the crypto prices by showing fake demand.

This is how they fool in more investors who are not well versed with programming and who quickly gets blinded with greed after seeing the sudden increase in prices.

In our private chat, he claimed he knows coding (which I highly doubt) and he was even an "External Supervisor" to a microcontroller based PABX project at NED and that he was teaching those students and even gave them marks!

As a NED graduate myself I know the difference between EXTERNALl and INTERNAL project supervisors. It is mandatory to have an INTERNAL but External is of the least importance.

An EXTERNAL is not chosen by NED on merit but by students on will and he can still be selected as an External
even if he has zero knowledge about coding. Just like how Rehan Allahwalais being chosen as Advisor to Tenup when he personally confessed that neither he understands it nor have access to the site.

Same is the case with an EXTERNAL who is selected by students and can be any XYZ man selected as motivation and not selected by NED on merit.

For clarification I am tagging one of the most senior Professors of NED university, Respected and honorable Sir Shahab Tahzeeb , from Computer and Information Systems Engineering, to guide us the role of an EXTERNAL in an FYP project and if he can give marks to students or is chosen by NED on merit or by students. Sir please do the honors.

Now coming straight to private chat
==============================
Based on these serious concerns, as a well wisher and friend, I contacted Mr Rehan Allahwala to know what is his contribution as a "advisor" to the Tenup project.

To which he answered that neither does he knows anything about it nor can access the site. He just advises Waqar when he asks him for any business idea.

I then tried guiding him about such crypto business models and how easily can they be created, manipulated and sold off via the "Greater Fools Theory".

Since it was crystal clear that Tenup is a pure example of an exit scam which neither has a physical office in Pakistan, nor is it registered with Chamber of commerce, nor does it has any NTN number nor it has explicitly mentioned how investors will be
refunded their full funds in their "local currencies" and not "Tups" during a security breach.

Investors must be ensured of a refund in their local currencies and not some worthless computer bits. Because Tups are just bits that can be mined by investing almost nothing but hashrate.

I informed and requested him as you can see in the screenshots (which Waqar calls a 'threat'), to kindly remove his photo because this will mislead more people following Rehan to blindly
invest in Tenup.

Rehan asked me to talk to Waqar and since I was well aware of Waqar Zaka's controvercial character and how he smashes anyone who raises a question against him with profanity and
emotional sentiments. I tried not talking to him because his so-called celebrity popularity mattered the least for me and my mission is more of a global scale.

Then something strange happened!
-------------------------------------------------
Without even asking my permission, Mr Rehan created a FB chat
group by sharing my private chat with Waqar.

(PS: Mr Rehan has apologized for it and has accepted that it was his mistake to do so.)

Then you know what could have happened next....

A man who considers every other Pakistani who raises a question as negative, fame hungry,gossip girl, show-off and anyone asking him for a public debate at any reputable public
university as "Maulvi", attacked me the way as it was expected.

Instead of answering my questions, he diverted entire attention towards baseless allegations that I never claimed and he stroke me with personal derogatory remarks not only in the private chat
but also on my profile.

Please read the screenshots, if I contacted Waqar or it was he who reached out to me via Rehan Allah.

This "contact" thing, of who approached the other first, was really childish and I even told him, that if his pride ad prejudice is hurt by it then OK let me tell everyone that "I contacted Waqar", will that make him happy but no, he didn't stop bombarding my profile with hateful remarks not only against me, but entire Pakistani #Blogging Community.

Could anyone please guide Mr Waqar Zaka about the debates held in Oxford Union in front of a neutral judge panel and conducted by Goras (that he over-praises a lot) every month or week?
Are those Goras, Maulvis too? Is everyone who offers a live debate offer around the world a "maulvi"?

Never has I once quoted religion either in my research nor on this private chat because as a computer engineer and professional blogger, I present my points backed by nothing but objectivity and rationality.

After I realized that he has approached me via Rehan Allahwalla, I politely replied back and I assured him that I will not share anything about Tenup in my project if he could answer my logical questions.

I then informed everyone that my research has reached Waqar and I am in a conversation with him just to update everyone about my activities like I always do. I didn't utter a word about
what were we discussing and did not even share any contents of the private chat.

Link: https://www.facebook.com/mybloggertricks/posts/1780852108661402

One reader asked me that when was I going to publish Chapter#2 of my research: To which I politely replied:

"Just waiting for Wakar's answer. He contacted via Rehan Allahwala and I just wrote a reply few minutes ago. "

Did I mention anything from the contents of the private conversation? Of course not!

Since Waqar Zaka is driven so much by pride and prejudice and consider everyone else as peanuts, he came striking me with baseless emotional sentiments, starting sharing contents of
our private chat and literally ruined the essence of a friendly, intellectual private chat conversation into a complete waste of my time and that of my readers.

Who is Waqar Zaka actually?
---------------------------------------
A god nauzbillah that I can't mention without a permission? His popularity means the least to me and this was one reason why I didn't want to approach him and nor shared any of my research links on his profile to spam or clickbait.

It is in fact him who is continuously posting on my profile and promoting his videos and showing off the good he has done for refugees.

Has anyone of you seen or can show, a single comment from my side on his profile?? So who is actually an attention seeker and showoff then?

He has literally spoiled my entire good will for a healthy debate and forced me for the first time in past 10 years of my online contribution to the country, to come straight forward and
reveal the lies, derogatory remarks and poor knowledge of this man who has nothing productive to share with innocent teenage kids but cryptos and half naked women in bikinis (this is what i saw in his latest video).

The screenshots have much to share and I have highlighted important areas to show the true intellectual scope of Mr Waqar Zaka.

I have not replied him any further on private chat because I know it will be useless so I have instead replied him on screenshots so that the entire world could read it for themselves.

Please read them all with patience, use google to verify our quoted facts and judge for yourselves:

Who is right and who is wrong.
Who acted politely and who arrogantly.
Who approached first and who leaked out contents of private conversation first.
Who is asking for money by scamming people and who wants to educate people against such crypto scams.
Who wanted and still wants a friendly debate and who escaped it.

Let knowledge be the sole judge of who is right and who is wrong.
==========================================

PS: Since Facebook badly destroys the picture pixel quality, I have uploaded these images on drive too for better visibility. They can be accessed via this link:

https://drive.google.com/drive/folders/1nTSST1Bsa8bHh2w7MOfqKhxqySe_uhdS

#BitcoinIsScam #BitcoinIsFraud #TenupIsScam #ICO #Waqarzaka #Debate#TruthVs #cryptocurrency #blockchain #CashlessSociety #Bloggers