Craig grant bitcoin scam
No offense to either of these 2 guys, but you didn't have to convince me. They seem shady as hell. Actually there are a lot of people in this, especially since i found Steemit, that are just plain hustlin. Not a a fan of them. They sound all happy and positive.
But, something set off my B. It's up to everyone on SteemIt to keep this place clean and protect it for the new users. Wait until you read my article about their dirty past! I will read it. If it lines up with what I know, I will be very happy to give you an update and a resteem Also, I'm going to look into what happened to your reputation.
If these scammers did this to you, I will use what little influence I have to help you try and restore it. This risk is what I fear I am also now exposed to. I just have faith that some whales will take notice at some point, then come in and set things right. I was inexperienced at the beginning and copy pasted two articles i found online, without referring to the original author. But now i am trying to get it back up but it seems impossible.
The best way I know how to raise your reputation is to have good interactions with other Steemians and get upvotes - and it's best by commenting on other people's posts, in an intelligent way. Not just saying, "Hey, man! The best content is original content that you come up with on your own.
Also, go and talk to steemcleaners on their own terms. I believe they do have a way of granting you an appeal and reversing your reputation drop if you can convince them you didn't know any better, were wrong, and your behavior has changed for the better. IDK how that all works but, if you haven't tried that yet, it would definitely be worth a couple of hours' work on your part. This message come up when you use whalepower Tag. The problem is that these guys are hurting the community by running their scams.
These pyramid scheme posts should not be earning, but they are because their plan is successful. Their posts contain pictures of their balance or earnings, which is very attractive to newcomers. It seems like the steemit platform needs to come up with a way to deal with this. How is it supposed to work?
I was almost ready, myself, to go and invest in BitConnect. These guys appear to be crooked. Involvement with them should be done with extreme caution and due diligence on the part of anyone seeking to follow their advice. Sorry can't say I know specifics, just that I first heard about crypto because my husband told me he had heard of opportunities in that space. I had never heard of crypto besides Bitcoin and didn't understand.
It was two other companies that had a guarantee of double the investment in 90 days The word guarantee is what put up red flags for me.
I'm all for finding legit coins and seeing even higher returns. Anyways, who the heck knows if they were too good to be true but if something feels off, I agree, at least sleep on it. Legit crypto in general is a tasty target for Ponzis. I posted about that the other day. A lot of things look like scams withing the Crypto world. We really have no way of telling what's what until the shoe drops.
I'm not calling anything a scam until it is concretely a scam. Otherwise that's just slander. I thought Bitcoin was also a scam, in Turns out it's pretty legit. Who knows if they will be successful but there is a case to be made that they gave financial advice and possibly was compensated by bitconnect. If the government digs deeper they might find something to charge them with. I expect many more lawsuits to go after them, not just class action ones, but criminal ones. I would not be surprised if someone tries to make an example out of Trevon and Craig.
However, I will say in their defense that people should always do their due diligence and never listen to anyone but a financial professional with a fiduciary duty to you as a client. Putting your money in someone else's hands is almost always an extremely stupid thing to do. That being said though, I believe that Trevon and Craig might have crossed over the line into promotion for the company.
Like I said before whether or not there are criminal charges we should all realize their credibility is out the window. This is just for a class action lawsuit, most likely if there were to be criminal charges, they would go after them separately. Putting money in any bank account can pretty much have the data seized by the US government so even hiding money abroad isnt safe unless hes hiding it in corporations and obfuscated accounts.
I do agree that there needs to be some level of personal responsibility for those who invested, but at the same time I do think that promoting what is essentially a financial product to incompetent people is still extremely predatory.
They also framed it as legit in the beginning when I can almost guarantee they knew it was a ponzi. Later on they moved onto "yeah its a ponzi but you still can make money". Sadly, I think this will open up the door for a lot more regulation of crypto, you tube bloggers and even message boards like Reddit and steem.
I think the regulation is going to start in a much harder way as well, which is bad for the whole industry. Like I said they cant stop people from transacting in crypto, but they can make it a pain in the ass to use. Yes last bubble gave us the nyc bitliscence I wonder what his will bring! It looks like more kyc more strict in icos but I bet something else bad will also happen. Now crest cats companies are reducing liquidity to bitcoin.
Yeah, that whole situation was pretty crazy, but not unsurprising. More people need to do their due diligence and not get FOMO. Seriously, if it seems to good to be true, it is. But it shows you how desperate people are to make some money and get out of the rut our economic system has put them into. Don't be scared to call people out. If you can protect at least a few people from the BS Ponzi schemes that are flooding the market, it will be worthwhile.
Right now the speculation in the whole market honestly scares me. Its at the point where why make a successful innovative project when you can make a scam and make much more money in the short term.
You know, I've asked myself that question more than once Stay strong and stick to your guns of being a good person! I the law makes an example on bitconnect. Something has to be done to protect the unknown from scam coins or even scam ICOs. I remember talking to a friend when I started with crypto, I told him "hey the bitconnect graph looks pretty good it seems to be a good investment" and he warned me otherwise I might have invested in it aswell.
After that I basically watched every crypto video on youtube which popped up and due to the fact that serious youtubers warned about Bitconnect and unserious youtubers didnt, It was quite easy to get an idea which youtubers care about their viewers and being trustworthy and which not. Its nothing less than stealing peoples money. I hope the law acts like they did with poker a few years back and put those people behind jail where they belong to.
I hope people keep in mind what happened with Bitconnect so something like this wont happen in such a big manner again.. Make sure you always look at things in depth before you invest. If something seems fishy in this space it usually is. Scammers come out of hiding with new tech and will take peoples money without a second thought.
Some people say this to me as well, that it might be a ponzi scheme, but who cares, its not running away right after you put your money. You can benefit a lot until they run away. But it is a big risk afterall!! Your words might save a lot of people. That way of thinking is such a gamble and only adds to the speculation.
People are going to get in and lose all their money because they dont think its a ponzi. These projects need to be nipped in the bud. I agree that Bitconnect should be taken to the ringer, their assets seized, and whatever leftover BTC returned to the people that got screwed.
But this does bring up a good point. Also, I don't care if you knew it or not, you cannot look me in the eye and tell me you expected this would last. As far as going after the people that promoted it on Youtube and social media outlets. Keeping in mind that I am not a lawyer of course.