Re: SCAM: MinexPay crypto debit card by minexpay.com / Minexcoin
Minexbank has coins for one month only. They can replenish it with premined coins from Developpers fund (980.000),but they need these coins for selling on Instabuy too. They are selling on Instabuy $75000 / 170.000 MNX coins per month. They need, at today prices at least 300.000 coins per month to stay afloat.With coins from Dev. fund it is max. 3 months of work before big bang comes. Such huge selling will produce huge inflation too,so it will last even less, 1.5-2 months.
They cant drop parking rate sharply,because it will cause massive selling/dumping of coins and price will go to $0.2-0.25 or less literally overnight.I believe they wont change anything - they will use coins from Dev. fund for Minexbank and for Instabuy selling to the bitter end - to the last coin.
I dont believe that game making project suddenly came from nowhere. Most certainly it was primary plan from the beginning. But who will give Boris money for it? Nobody, of course, so he made a nice whitepaper,gave many promises which he has never intented to fulfill ,just to attract investors to give him money.
You are right ,this is one not so ordinary scam.It almost deserves an episode in The Blacklist
- Raymond Reddington vs Boris - The Demolition Man
To define why it is a strange scam,we have to go deeper in the Boris mind. Boris made nice whitepaper filled with many promises,just to get money from investors for his gaming and crypto projects. He lied investors in pre-ICO that some "prominent european bank" invested in his virtual,non-registred pre ICO 1700 BTCs just to avoid to return money due to failed pre-ICO phase.So, it was scam from the very beginning. Question is why Boris didnt take money and run after ICO?
He didnt because he believed that his idea about video game making is so fantastic and lucrative enough to bring him substantial money, enough to make him very wealthy man and to repay investors who he scammed with false whitepaper and empty promises.Just remember how he fiercly defended unrealistic price of MNX $53000 per coin in the interview with Cryptorich as something achievable.
Boris is a little guy,who ran construction/demolition business not so good (23 lawsuits against him) ,but deeply convinced he was destined to something much,much bigger.This belief was so powerful that it created megalomania which blinded him to go into video game and crypto projects,businesses he has absolutely 0 experience and knowledge about it. So , he was intending to scam people for "the sake of greater good" - to lie investors just to take needed money from them ,then to invest it into his dream projects which will eventually make rich everybody.But it turned bad because of incompetence,greed and constant stream of lies ,needed to calm down investors. That is why this scam is not so ordinary.Though I maybe wrong that he ever had a real wish to repay investors when he becomes rich,because scammers mind is highly egocentric , always work for himself and do not care at all about others.
They cant drop parking rate sharply,because it will cause massive selling/dumping of coins and price will go to $0.2-0.25 or less literally overnight.I believe they wont change anything - they will use coins from Dev. fund for Minexbank and for Instabuy selling to the bitter end - to the last coin.
I dont believe that game making project suddenly came from nowhere. Most certainly it was primary plan from the beginning. But who will give Boris money for it? Nobody, of course, so he made a nice whitepaper,gave many promises which he has never intented to fulfill ,just to attract investors to give him money.
You are right ,this is one not so ordinary scam.It almost deserves an episode in The Blacklist
- Raymond Reddington vs Boris - The Demolition Man To define why it is a strange scam,we have to go deeper in the Boris mind. Boris made nice whitepaper filled with many promises,just to get money from investors for his gaming and crypto projects. He lied investors in pre-ICO that some "prominent european bank" invested in his virtual,non-registred pre ICO 1700 BTCs just to avoid to return money due to failed pre-ICO phase.So, it was scam from the very beginning. Question is why Boris didnt take money and run after ICO?
He didnt because he believed that his idea about video game making is so fantastic and lucrative enough to bring him substantial money, enough to make him very wealthy man and to repay investors who he scammed with false whitepaper and empty promises.Just remember how he fiercly defended unrealistic price of MNX $53000 per coin in the interview with Cryptorich as something achievable.
Boris is a little guy,who ran construction/demolition business not so good (23 lawsuits against him) ,but deeply convinced he was destined to something much,much bigger.This belief was so powerful that it created megalomania which blinded him to go into video game and crypto projects,businesses he has absolutely 0 experience and knowledge about it. So , he was intending to scam people for "the sake of greater good" - to lie investors just to take needed money from them ,then to invest it into his dream projects which will eventually make rich everybody.But it turned bad because of incompetence,greed and constant stream of lies ,needed to calm down investors. That is why this scam is not so ordinary.Though I maybe wrong that he ever had a real wish to repay investors when he becomes rich,because scammers mind is highly egocentric , always work for himself and do not care at all about others.
If it is true that there is just one months supply of MNX left in Instabuy then it will be interesting to see what happens next. I wonder what Boris has planned.
I agree that Boris is just a little man trying to make it big and it cannot be ignored that he had an involvement in a total of previous and present 23 lawsuits.
Megalomania is probably the appropriate word when it comes to Boris but I just cannot understand what Boris is doing about the AR game. Only an idiot would have an ICO for a crypto-card under a cloud of lies then it would come out so many months later that it was a ruse to fund a third-party to make a game that would probably fail.
The demolition man Boris really has big problems and he made his investors see over a 99% loss in the value of its MNX coin from its peak of over $56 each. Disaster.