Post
Topic
Board Altcoin Discussion
Re: THE WALL OF SHAME
by
BanditryAndLoot
on 23/11/2014, 16:50:06 UTC
You know the old trick? The right hand pays the left hand and everything goes to the same pocket. Trust nothing but what you can see. And what is that? 20-30 BTC per 24-hour volume in Bittrex. You don't need to look anywhere else. That tells you that roughly 10BTC was invested and another 10BTC was divested. Or dumped. Use your brain, ok?

Heh, was just thinking about this yesterday.

Say you have 10k BTC, and want to make a lot more BTC and don't want to pump a shitcoin becuase it's a little risky/not profitable enough.

So you find people to hold onto 5-10 or your BTC each out of let's say 3k BTC. Fair number, probably don't need it immediately because you've got another 7k to live off of and buy your hookers and coke.

Then you host an ICO, with explicit insctructions to these people that 95% of the 5-10 BTC you handed them be used to buy the ICO, and the other 5% goes to their pocket. I guess you could do this step yourself, but let's be honest, this shits all streamlined now.

Then, you wait for all the BTC to end up in the escrow account, and rake in all the extra profit because people that aren't involved go "OH WOW! 3k BTC in interest!" .. and shit the bed as they slam the buy button.

Then, the ICO ends, and you're left holding the bag for months at more often than not a huge loss while these fucks drag ass and get their money back to them however the escrow was set up.

Then they manage to give the impression of progress, while countless more schemes pop up. You're basically left watching these people move at about the slowest speed possible, while milking you for all you've got.

I think it's time to start demanding the cheese, rather than continue to sit here and let the milking continue..