Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XRC]LAUNCHED RhinoCoin - A Decentralized Record Label
by
Soul_eater_123
on 08/07/2014, 00:24:46 UTC
I don't need to read this whole thread, this is an obvious scam from reading the ann post.
Look, if someone asks for money up front for something he promises to provide for the long term future it is a scam. Nobody works for free, even if you pay him a bunch of money up front.

Even if it's not a scam:  The fact that they refuse to do even basic research before setting up a business (such as paying a little bit of money to consult with a lawyer first) is a massive red flag and shows complete incompetence.  It takes more to set up a business than just having an idea.  Also no matter how you try to squirm away and pretend otherwise, attaching a cryptocurrency to a business does not make the business go away, by somehow hiding it under a cryptocurrency umbrella.  You still have to follow the rules any other business would have to.  If you are giving dividends for what are in effect shares in your company and some of those could be bought or earned by US citizens you must be registered with and abide by all US laws in regard to that.  FACT.