On today’s episode of The Cryptoverse:
Ignorance and greed have been described as the fuel that has powered the engine of most scams and financial malpractices.
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Sources:
[The Original Article on The Cointelegraph](https://cointelegraph.com/news/fool-me-once-how-to-spot-a-cryptocurrency-scam)
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Sounds like the same way the greenback founded it's source of value. The IRS is only payable in USD. The end game becomes a little more clearer.
What a waste of time. Not really informative. All I got from this is your plea for money. Maybe next time give more direct examples of real world situations.
THIS GUY FKING SUCKS IT TAKES HIM 20 SECONDS PER FKING WORD
I hate when youtubers beg for money
Did I hear a cat meow?
Do sombody know Corusblock.com ? https://youtu.be/zlzGf-wOvT8
Sounds like Bitconnect and new ! is it Legit ?
heres the Bitconnect scam…..
You send Bitcoin to them. They don’t ask for BCC, their own currency, they ask for Bitcoin! Why is that? Because their currency will become worthless as soon as they close down the site, but Bitcoin will still be valuable.
You buy BitConnect with your Bitcoin, straight from the developers of BitConnect! Every time a user buys their currency, its price increases. You give them the currency you just bought in exchange for the promise of getting back its value in cash after 4 to 10 months, and some daily interest. The interest is paid in Bitcoin, but the amount is calculated in dollars. Now they have your Bitcoin and you also just gave them back their own currency and increased its price when you bought it. What do you have? A promise and a spreadsheet that tells you youre a "billionaire".
When not enough new investments come in to cover the costs of paying the old users and still make them a profit, they sell all of their ShitCoin BCC, which increased in price by 10,000%+ since they released it because of their users buying it and giving it back to them, but never selling it.
They also have a ton of Bitcoin to sell, but at this point it’s worth a lot less than the total amount of BCC they have.
They then disappear with all of your money.
So what are the best ico's today? What do you think about Cobinhood and token desk?
Wow…I know 2 guys who have just bought in to onecoin. Poor bastards.
What do you think about TBC, thebillioncoin?
I am glad they mentioned One Coin as an example.
thats CO-INtelegraph as in counter -intelligence
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This may be my favorite video. Great topic Cryptoverse!!
6:30 – The fundamental principles of crypto currency are: 1. Decentralization, 2. privacy, 3. unlimited use, 4. controlled supply, 5. transparency with a public ledger, and 6. publicly displayed source code for anyone to verify
8:12 – 80% of a projects success depends on acquiring value while only 20% relies on the technology portion
I'm a Bitcoin entrepreneur and have created the most incredible opportunity ever! It IS too good to be true, so, in order to market to you in a believable manner, I have to lie to you. Here's the lie… It is NOT an incredible opportunity but just another run of the mill small businesses bootstrapping itself on smoke. Join it at its early stages and maybe earn a modest return (if it works) and nothing if it doesn't. Moral of the story – people won't always believe the truth either.
Great topic. I thought about posting something about this on Steemit (and may yet do so). The basic rules are (1) Never invest in a product you do not fully understand; and (b) don't speculate with money you cannot afford to lose. And also, I guess, if it looks too good to be true then it probably is too good to be true.