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      "author": "steemitboard",
      "permlink": "steemitboard-notify-cynicalman-20191011t155744000z",
      "title": "",
      "body": "Congratulations @cynicalman! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@cynicalman/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@cynicalman) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=cynicalman)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemfest/@steemitboard/the-new-steemfest-badge-is-ready\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmRUkELn2Fd13pWFkmWU2wBMMx39EBX5V3cHBEZ2d7f3Ve/image.png\"></a></td><td><a href=\"https://steemit.com/steemfest/@steemitboard/the-new-steemfest-badge-is-ready\">The new SteemFest⁴  badge is ready</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "title": "Facebook crypto!!!!",
      "body": "Well, zuckerberg is probably annoyed he dropped a place in the rich list so now he's \"learning about cryptocurrency\"\nhe once wore a tie for a whole year.... that's how serious it was.\n\nHe wore a tie for a Whole Year!\ncan't get more serious than that.\n\nA more likely blockchain route for facebook would be to tokenise usage so that the monkeys become the moderators to earn a break from adverts or to get shiny badges. That way they can \"outsource\" the moderation to the users. Next step would be to use something like substratum or one of the other distributed internet platforms to have users host facebook data as well.\n\nWeb 3.0, you're still the product but now you host the site, moderate the site and create the content and for some reason you're still being showered with adverts and subjected to social experimentation.",
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      "permlink": "a-bouncy-kind-of-room-viewed-upside-down",
      "title": "A bouncy kind of room viewed upside down.",
      "body": "Well, i have thought up a slightly surreal visualisation\nso there's a room\nwith a door in the middle (magically connected to the outside world)\ninside the room the floor is made up of tiles on springs\nsome tiles the spring is firm and some it is loose\npeople come into the room and they step onto the tiles and hope that the tile will move down furthest (for some reason )\nthey see someone jump onto another tile and that tile goes down faster so they jump on as well. it moves down faster etc.\nnow turn the camera upside down and that's the crypto market\neveryone wants to be on the tile which is moving the direction they want to go (up... but in this example it's down viewed upside down)\nthe door represents fiat currency.\n\nso if the bitcoin tile, which is large isn't moving down they jump to altcoins\nif the bitcoin tile moves up to the door some may just panic and jump out\nnot sure how differential value works in this messed up visualisation\nbut that seems to be how things go.\nthere are also really really big whales who can jump around the tiles whenever they want and they do, they will use their weight to move multiple tiles at once.\n\nCould probably do better with some sort of water container analogy.",
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      "permlink": "re-cynicalman-re-stingr4y-get-greedy-20171222t180949151z",
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      "body": "exactly, most of the new money coming in is so stupid half of them probably sold off at the bottom.",
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      "body": "It seems to be a shakeout / shakedown to me. Whales sold BTC to new entrants to the market and now they show them big red candles and scare them into selling at a loss... right back to the whales.\nBuy the dip. It's chunky and may not be this price again.",
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      "author": "cynicalman",
      "permlink": "a-musical-interlude-to-the-tune-of-sound-of-silence",
      "title": "A musical interlude to the tune of \"sound of silence.\"",
      "body": "Hello Bcash my old friend, \nwe've come to price pump once again.\nswitch the miners to the bcash chain, \nspam btc with transaction pain, \nwith the dumping of my massive bitcoin stack, I shall attack!\nTo take the crown of bitcoin.\n\nIn youtube vids I go berserk \nand undo all my branding work,\nIf my coin was really worth the price I am trying to reach,\nit would be a peach\nto take the crown of bitcoin.\n\nAnd in the market sites I saw some 5 times gains, maybe more, \npeople buying without thinking, prices rising without sinking.\nPeople writing facebook posts that most would just ignore, \nthey bought some more.\nTo take the crown of bitcoin.\n\nFools said \"Verr you do not know, see on the market bitcoin grows\"\n\"see the fees that I may fleece you\", \"wait a week for transfers to come through\"\nBut my coin rose up through the crypto market caps\nwithout collapse\nto take the crown of bitcoin\n\nAnd the people bowed and prayed before the bitcoin jesus, I was made.\nand the coin lashed out it's warning, red candles as it started falling\nAnd the brand switch fell like teardrops in the night, I gave up the fight\nto take the crown of bitcoin.",
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      "author": "cynicalman",
      "permlink": "market-cap-and-other-useless-metrics",
      "title": "Market cap and other useless metrics.",
      "body": "It does depend a lot on how much of the circulating supply is actually in circulation. There are millions of bitcoins which are effectively not in circulation because of lost keys, bad transaction address entry and other issues. The market price of a coin in the short term is determined by availability on the markets and demand. If there are only 50 coins for sale across all the markets and 1 is on sale for $10 million above the rest of the $0.1 sell orders and someone buys 0.00000001 of that market order the \"price\" will be $10 million as far as the market data is concerned. Market capitlisation and circulating supply are yet another massively inaccurate measure we use to estimate things. Exciting isn't it?\n\n If the price spikes on any coin some folk will be shaken out of their desire to hold in their wallet so there will be an influx of market supply from storage. This should lead to a dip in price but the holders may well decide to set their sell orders above current \"market price\" and so the price can continue up from my $10 million as long as there are people looking to buy. Who wants to sell a coin for $0.1 when they paid $10 mil for it but they don't want to pay $10 mil again so they populate the order book with lower than $10mil but not too much and suddenly you have price support. if people continue to buy, you get bitcoin's meteoric rise.",
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      "parent_permlink": "scam",
      "author": "cynicalman",
      "permlink": "you-ve-got-to-admire-the-honesty",
      "title": "You've got to admire the honesty.",
      "body": "Mark Gregory Wood\nNew member · 4 hrs\n\n*SCAM SCAM SCAM !!!*\nWell, the headline seems legit....\n\n*It has come to our notice( Trade options and FX trade) that these scammers now develop new tactics to scam innocent members in this group due to the fact that have little knowledge of how the system works and the anxieties of members who don't want to take their time to learn the step by step techniques of how to make it in Binary.*\n\nNote to self: the entire \"Trade options and FX trade\" doesn't know how to construct a sentence. \n*Be sure to ask for the trading license of any one who claims to be an account manager. Most of them are fake. Report any suspicious scam activity let's do a total clean up from the mess they have put us in. Our hard earned money is so important to us and loosing it to a con artist is not an option. You can contact us on face book or inbox us *********@gmail.com for more info and procedures*\n\n\"our hard earned money is so important to us\" sounds reasonable. Then again the implication that your hard earned money isn't important.. wouldn't want to loose it to a con man. Loose? \nThe trade options and FX trade has no dedicated domain, email address and relies upon facebook for their communications.\n\nWell. This is low hanging fruit isn't it.",
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      "author": "cynicalman",
      "permlink": "rules-of-the-thumb-upon-which-i-sit",
      "title": "Rules of the thumb upon which I sit.",
      "body": "1. *Buy low sell higher.*\nSeems clear enough, you don't want to be closing a position at  a loss. Except... is it really a loss? You bought the token with BTC, Ether or LTC somewhere and those tokens fluctuate against fiat so while you may be selling for a lower quantity of sats you may well be ending up with a higher dollar amount. Yes, it would be nice if your gain was against BTC as well as fiat but unless you intend to start paying your bills with a crypto credit / debit / payment magic card then it really does not matter.\n\n2. *Opportunity cost* !!!\nIf you end up in a bad position because your chosen token has gone down against your purchasing token then there is a temptation (and advice) to get out of that position in order to line up a more profitable trade as soon as possible. You make a short term loss (maybe even a fiat loss) but if you can line up a profitable trade with your purchasing token in the near future then the loss goes away... right? Well, yes and no: Presuming that your next trade is profitable then you make some gains and that's a good thing. If your next trade isn't profitable then you've compunded two losses and if you manage to do this repeatedly you can end up wondering where all the massive crypto profits you' ve been told about went. If you are taking positions for trade in tokens with some sort of long term potential then carrying a bag is not such a bad thing. If you manage to take and exit from 2 or 3 bad positions in a row then trading is probably not your thing or you are getting bad advice. Time to read up on how markets work, take a close look at the \"tips\" you are getting and see where you went wrong. \n\n3. *Only invest what you're prepared to lose.*\nNo. That isn't investment, that's gambling. You have to be sanguine about some losses but don't just throw money into the market with hope in your heart and  that the law of attraction will reward your positive vibes. That isn't how the universe works and it definitely isn't how investment works. It is however how con artists regularly fleece people, I'm sure they believe that their positive feelings about robbing people really motivate the universe to reward them.\n\n4. *This project has such promise!*\nIf you're investing or trading then actually find out something about the token you plan to take a position with. If the token has regular updates to their development github, they have at least one active community team member providing positive helpful support in their reddit, riot, twitter, telegram or carrier pigeon group then that's a positive sign. If the project has one coder who regularly takes time out of actually working on code to be personally offended by any questions of his ability, integrity or capability then that's a bad sign. A very Bad Sign. \nPromises are like wishes, fill one hand with promise and shit in the other and see which one fills up quicker. Measurable progress is more important than promise.\n\n5. *Buy the rumor sell the news*\nWell, I have profited from this one so I can't really criticise it but at the same time I have a suspicion that a lot of traders in the market are waiting for the community managers or just random people to tell them the rumor when in fact you can get advanced notice of \"rumors\" from http://coinmarketcal.com/ weeks or moths in advance of the events which will spike interest and price action. Take a long view and enter a position gradually to enjoy the benefits of excitement over the \"rumor\". Prices go down as well as up so place low bids for the token at least a week before some meaningful event and wait for the tokens to come to you. Meaninfgul event is a difficult thing to identify, the market is constantly welcoming new folk to fleece, when I was new folk I was dragged into all sorts of excitement about new websites, new wallets, new exchanges but ultimately I was being fleeced by people with a strategic approach to profits. Developer conferences are generally not a meaningful event, there's little sexy about someone with aspergers syndrome and no charisma describing permutations of cryptographic algorithms unless you're into that sort of thing. \nPlease note: I have nothing against people with aspergers folk or those without charisma because I am both but I do know that it doesn't generate irrational market excitement as much as someone in a bikini waving pompoms for some reason.\n\n6. *Fundamentalists*\nStock traders are very concerned about fundamental value, they use arcane measures of market share, profitability, colour of the new CEO's eyes to determine whether the value is represented in the stock price and act accordingly. Crypto is largely a bunch of ideas which may someday produce something worth having. Some of these ideas stay ideas and some produce wonderous things which shall change the world. Many of the wonderful ideas which will change the world actually won't do any such thing, they'll run into technical, legal or just plain personality based problems and then go nowhere. Try to only buy the ones which have both good ideas, good people and good support. \n\nMore on this in another exciting episode of \"What I reckon\" coming soon!!!!",
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      "permlink": "steemitboard-notify-cynicalman-20171212t075907000z",
      "title": "",
      "body": "Congratulations @cynicalman! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstvote.png)](http://steemitboard.com/@cynicalman) You made your First Vote\n\nClick on any badge to view your own Board of Honor on SteemitBoard.\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\n> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
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      "author": "cynicalman",
      "permlink": "gonzo-blogging-sanitation-and-security",
      "title": "Gonzo blogging, sanitation and security.",
      "body": "Some terms : Wallet.\n1. This can be a foldy thing with nothing in it but some declined credit cards, an ID, possibly a fake ID, a perished condom from the days of hope.\n2. It can be a bit of software which runs on your PC, Mac or mobile.\n\nCase 1: It's best not to leave this around the place because anyone could walk by and pick it up. Don't leave it on the side of the street and expect to find it again. You may find it, a generous person may return it to you with or without the prophylactic. Not a good plan though. Keep it in your underwear at all times just to be safe. \n\nCase 2: Any software downloaded from anywhere may contain BAD THINGS. You would not invite random passers by into your home to enjoy your stuff like it was thier own and generally speaking it's not a good idea to invite strangers to use your computer like it was theirs. \nIf your computer has been hijacked or infected with virii before then you need to raise your game, stop downloading stuff from dubious sites, stop clicking on those invoice attachments that nice strangers tell you detail your refund or lottery win from something you've never heard of. Everyone likes to feel special or lucky, just remember that everyone is actually out to get your  stuff and you should be fine. \nFeel special because you are worth trying to con! A large proportion of the planet's population literally does not have a pot to piss in and someone has taken time out of their day to try and steal your pisspot! You are a beautiful snowflake!\nThat said, don't let them take the piss.\n\nThe computer is not your friend. The computer is complex layers of complex systems carefully crafted so that even a simple monkey like me can hammer out drivel like this without being able to program in C++.\nSome bad people can program in c++, or other easier languages. Some of those people are interested in using your computer as if it were their own by hijacking your processor to mine crypto, they may want your internet access to carry out massive distributed denial of service attacks against companies with bigger pots of piss than you can even dream of.\nThey may want to gain access to your bank details to steal your money directly from the bank or they may want to get hold of your crypto assets. \nWhat better way to find potential victims of crypto theft than to package the funnel as a wallet for crypto assets. The victim selects themself by downloading the wallet and running it! They're practically begging to be robbed right?\nWell, sometimes not so much but it is definitely worth investing in antivirus protection.\nWhen your antivirus tells you there is something wrong with an executable, perhaps the person to trust about \"false positives\" is not the person trying to get you to run the program?\nI'm not saying your computer is YOUR enemy, I'm just saying that it may be under the control of your enemy. If you've \"invested\" hundreds of foldy country papery token things into an intangible token thing then it may be wise to invest some foldy stuff into security to at least warn you when you're about to pour your own pisspot over your head.\n\nThe long con is of course to run an ICO, sell tokens with some semi-credible use case and value proposition to people, use the funds raised to hire PR, management, programmers, imagineers, reddit bots, media attention and then to produce some sort of radical decentralised system to shake the very foundations of the world as we know it. I haven't seen that work yet but I am ever hopeful.\nIf one of those token sales goes to the moon and I hold it, would anyone be interested in sharing a perished prophylactic?",
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      "author": "cynicalman",
      "permlink": "like-a-burny-thing-from-the-burniness",
      "title": "Like a burny thing from the burniness.",
      "body": "Because of my cynical and somewhat perverse nature I followed up on info about a new development of an old token.\nI visited cryptopia and discovered an amazing opportunity!!!\nI am not one to ignore such opportunity so immediately turned a litecoin into some Doge and bought the peak. \nI used the doge to purchase this \"undervalued\" but \"under new management\" token. The possibilities were endless!\nThe reality was a little more ended. A staking platform with insanely disproportionate inflation and 95% of the tokens held by 5% of the wallets. \nWhat could possibly go wrong?\nI am a fan of staking tokens especially if they offer to flood me with their valuable intangible assets so I took a trip to the token's github and downloaded the wallet.. there was a new wallet! Superb. development is always the sign of an up and coming crypto.\nMy antivirus warned me that the downloded qt.exe contained a bitcoin miner. Well, duh! It also warned me that the wallet contained some IRC bots... which was new.\nI voyaged forth to the discord server to see what sage advice I could get from the dev team or at least someone with a clue about security. I wouldn't want to compromise the security of my LTC worth of priceless possibility.\nI observed as someone who seemed to be \"In the Know\" instructed someone to turn off their firewall and antivirus to let the wallet run. \nI asked if that was a good idea and was told that if I had objections then perhaps this project wasn't for me.\nSeemed like a rebuttal. \nI did my due diligence (after buying the coin, always the best time) and discovered that this amazing opportunity was just a way of leveraging the network effect of a dead dead dead crypto. All the tokens were being exchanged for the new improved token.... which begs the question why I need to install the wallet at all.\nSo to recap... a dead crypto which has been providing almost 9000(!!!!!)% staking reward for a year is revived by a new bunch of monkeys who talk about token burn and exchange for the revivified token which is just ... not even a white paper really and they want me to disable the security so that the wallet they have produced can connect to a huge range of IP addresses via svchost32... a direct hook through my OS apparently to bypass any firewall blocking that a cautious person with windows would be unaware was happening.\nSeems legit.\nSo I agreed with the generous advice and am selling the shitcoin for whatever 2 units of ltc satoshi are called. \n50% gains my brethren!\n50% gains in a day.",
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      "permlink": "what-s-a-crypto-coin-what-s-a-crypto-token",
      "title": "What's a crypto coin? What's a crypto token?",
      "body": "All coins are tokens, not all tokens are coins.\nSome tokens are utility tokens in that they provide fuel for a process / rationing system. Ether from the Ethereum platform is a utility token but it is being used as a store of value because it's in demand. The demand is driven partly by a need to own ether to use the etherem platform and (in my opinion) mostly because people want it, so other people want it, so the price goes up so more people want it.\nA cryptocoin is designed as a method of exchanging value and that's all. Coins can store value, Bitcoin is a good example of a value store coin. It has no utility other than to hold value for exchange but people want them, so its value rises (so far, on a long term basis)\nIf an ICO is selling a utility token then be vary wary of investing, it will hold no value unless people value the utility it provides.\nIf an ICO is offering a coin then be extremely wary because they're looking to swap something which people do value (your coins / tokens) for something which has no proven value at all.\nTo confuse things further, people use the words interchangably. While it's possible to make profit in real terms from buying into a token sale / ICO there will be a long wait to realise profits or the whole thing will collapse and your investment will wither and disappear. Sorry to be a downer but most ICOs / token sales will result in project failure or were scams to begin with.\nMost of the top 10 tokens / coins in terms of value and market cap have been in development and circulating for a year or more and have products or uses which are proven.\n\nQuestion from the audience:  Another silly one for you : wasnt the concept of bitcoin - one currency - so everyone has equal wealth in the end? If so - then why are there different coins coming up....Infact every industry has its own coin/token and now every company is jumping on to it - this in my mind is greed - to again gain control ......\n\nAnswer : Quite a lot of it is greed. Effectively it is now possible to print your own money and if people are prepared to exchange your new money for their old (and useful money) then it has value. ICOs are a response to the restrictive regulations of investment opportunities, which do protect investors although they prevent anyone without $10k or $100k from investing at all. The tokens / coins you make are not shares or contract, they're just maths. They are fundamentally worthless even though energy went into their creation.\nThe main driver behind the creation of bitcoin was the 2007/8 credit crisis (I think). It's an open ledger, so anyone moving bitcoin around is open to scrutiny and there's no way to hide the fraud. That's the theory anyhow. Bitcoin has become an investment mainly because since the credit crunch people have been looking for somewhere to preserve their value and grow it. Banks don't offer good returns, inflation is being crushed, wages are near to static (in real terms down up to 25% from 2008). An anti inflationary currency / commodity with a hard limit to supply is what people wanted and bitcoin works. Importantly bitcoin cannot be taken over by government without vast expense and most legislators don't understand what the internet is so they're hardly going to spend tax dollars on taking over bitcoin.\n\nThe underlying blockchain is a great bit of tech, it could be used to remove the need for banks altogether and provide absolute transparency in financial matters. Some consider this disruptive .\nCompanies offering tokens / coins are either thinking they can get competitive advantage in their business field or they're looking to cut costs. Those with foresight will see that this technology will do to the financial services what robotics has done to product assembly.\nJ.P.Morgan Chase (?) has made 172 failed patent applications for blockchain type platforms and yet their boss says bitcoin is a scam. Bless him.\nPutting on my tinfoil hat for a moment: There are many projects in the crypto currency world which are entirely about putting the boot on our necks but as long as governments don't catch on to the threat to their power too soon, they'll have lost. China saw a threat to their economic control so they've squashed it but bitcoin holders are still able to exchange goods and services without state intervention. People tend to find ways around the imposed rules, so the future is bright! Or it's a radioactive wasteland... but a bright one",
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      "author": "cynicalman",
      "permlink": "a-sill-explaination-of-how-the-various-bitcoin-forks-are-not-inflationary",
      "title": "A silly explaination of how the various bitcoin forks are not inflationary.",
      "body": "The introduction of new currency leads to a devaluation of the currency and price inflation. In the case of, let's say, bitcoin the chain splits aren't introducing new currency into the bitcoin chain, they are trying to leverage bitcoin's network effect (number of holders) and brand by creating a whole new form of currency and handing it out (usually after printing a bunch of it for themselves first). In a Fiat sense it would be like one day your bank tells you there's a fiat fork and you discover that you have your bank balance + a seperate balance of unicorn rainbow farts .\nThe two don't have the same value and to start with nowhere will accept unicorn rainbow farts at face value. Effectively you've been given free unicorn ranbow farts but the market has to decide whether they are of any use, so there is price discovery (through market valuation) and service providers actually accepting it.\nNow there will be people who violently and fanatically demand that rainbow unicorn farts are The Real Dollar and those who say that rainbow unicorn farts are not worth the snowflake tears used to print them but ultimately the market doesn't care about ideology.\nIf people can trade with unicorn ranbow farts, they will. The only effect is that the marketplace as a whole now has more options.\nWhen there's nobody with an army, police force or regulations to enforce what constitutes money, anything can be money.\nIf people are prepared to swap 5 old dollars for 1 rainbow unicorn fart then that's how much it is worth. If people use rainbow unicorn farts to line their birdcage, then that's what they're worth.\nThe difference between the fiat world and the crypto world is that for proof of work crypto, there is a high cost to mine new coins and the miners have to cover their costs and make profit, they'll go where the money is.\n\n Question from the audience: Wait, are Unicorn Rainbow Farts (URF) the real deal, or Rainbow Unicorn Farts (RUF)? You used them interchangeably...\n\nMy answer:  My apologies, the URF was a chainsplit from the RUF with larger pictures of unicorns. This made them more appealing to certain demographics and led to the great unicorn rainbow fart bull run of 2024.",
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      "permlink": "a-sill-explaination-of-how-the-various-bitcoin-forks-are-not-inflationary",
      "title": "A sill explaination of how the various bitcoin forks are not inflationary.",
      "body": "The introduction of new currency leads to a devaluation of the currency and price inflation. In the case of, let's say, bitcoin the chain splits aren't introducing new currency into the bitcoin chain, they are trying to leverage bitcoin's network effect (number of holders) and brand by creating a whole new form of currency and handing it out (usually after printing a bunch of it for themselves first). In a Fiat sense it would be like one day your bank tells you there's a fiat fork and you discover that you have your bank balance + a seperate balance of unicorn rainbow farts .\nThe two don't have the same value and to start with nowhere will accept unicorn rainbow farts at face value. Effectively you've been given free unicorn ranbow farts but the market has to decide whether they are of any use, so there is price discovery (through market valuation) and service providers actually accepting it.\nNow there will be people who violently and fanatically demand that rainbow unicorn farts are The Real Dollar and those who say that rainbow unicorn farts are not worth the snowflake tears used to print them but ultimately the market doesn't care about ideology.\nIf people can trade with unicorn ranbow farts, they will. The only effect is that the marketplace as a whole now has more options.\nWhen there's nobody with an army, police force or regulations to enforce what constitutes money, anything can be money.\nIf people are prepared to swap 5 old dollars for 1 rainbow unicorn fart then that's how much it is worth. If people use rainbow unicorn farts to line their birdcage, then that's what they're worth.\nThe difference between the fiat world and the crypto world is that for proof of work crypto, there is a high cost to mine new coins and the miners have to cover their costs and make profit, they'll go where the money is.\n\n Question from the audience: Wait, are Unicorn Rainbow Farts (URF) the real deal, or Rainbow Unicorn Farts (RUF)? You used them interchangeably...\n\nMy answer:  My apologies, the URF was a chainsplit from the RUF with larger pictures of unicorns. This made them more appealing to certain demographics and led to the great unicorn rainbow fart bull run of 2024.",
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      "author": "cynicalman",
      "permlink": "anatomy-of-a-poorly-executed-social-media-ico-scam-casibet",
      "title": "Anatomy of a poorly executed social media ICO scam casibet",
      "body": "I am a member of several facebook crypto groups. These groups frequently have to approve posts because of the sheer volume of scam spam. The workaround for this is to post a comment to someone else's genuine request for advice.\n\n![casibet1.png](https://steemitimages.com/DQmP8wSAMs54wT6J17aMRnJgTYJo7uyZavdF4xVzPDUKhkB/casibet1.png)\n\nSo, here we have ... \"Chris\" talking about an ico which has a website with some formatting issues and a spelling mistake. Fair enough, nobody is perfect.\nThe white paper is mangled on my reader to the point that I can't get any useful info from it.\nThe team does have 6 people. That's good, right? But no links to any proof of existence.\nOne of the team members shares a name with the guy who's talking about it on facebook..... they don't have the same face. THEY DON'T HAVE THE SAME FACE!!! Ahem, sorry.\nNo proof of any product. No demo, no prototype and no evidence that such a thing can be produced by the \"team\"\nHe mentions that he found this amazing opportunity on ico alert. This was the kicker because the project isn't listed on ico alert. At all.\nSo this project may be entirely legit. Somehow I doubt it though.",
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