Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SAPIS] SOCRATESCOIN - THE COIN OF KNOWLEDGE & THE PAYMENT METHOD OF NAUKA
by
MrsPiggy
on 12/03/2018, 15:37:04 UTC
@John that is a very good list. At this point I have nothing to add to that. My #10 would be maybe that they (Gini) want people to buy BTC and then promote Coinbase and not even GDAX. Come on, just 5 mins on Google and even she would have known it better. Sheer incompetence.

They just released an interview with Alfred Hasselbacher on their facebook page. I am 99.9% sure that is from back then when they had their launch. What was the most interesting to me was that Alfred said that his vision for the university is an individual learning experience. They want to recreate those historical pleaces where you should study then and this should help you with memorizing what you have learned. In which way is that individual when everybody can book the same "experience"? To me that was just another sign that they have no idea at all. And on a personal note: Should I really trust someone who wants to pitch me something but can´t even take off his sunglasses?

Because I have been asked that a few times already I want to point something out:

This project in full is screaming scam as loud as possible. Until now we don´t know how much of it is a scam. There are many red flags but they are still on their wide spread roadmap and of course it will become interesting after the ICO. If you invest in this right now you will buy one Socratescoin for $1.11. If you don´t plan to spend it at the Nauka university your only options are hodling or selling it once it´s up for trade. The value of the socratescoins you own then depends a bit on the market itself but mostly on the university. I don´t want to question to fact if there will ever be a university but if the university will not be a big hit it is very unliky that the coin will gain some substantion value. A good example for this is the PiplCoin. According to the whitepaper it was sold for $1.00 during the ICO but when it was up for trading the actual value was $0.02, which went up to 11 cents then slowly declined and since Dec `17 it is around 2 cents again. Even if you would have sold your coins at the best moment  you would have still lost 90% of your investment due to promises that were never kept.