RE: The SEC Rules Ethereum as Not a Security. Could They Realistically even Have Done the Opposite?
I didn't want to post about it since I gave them the link to my blog as a way of showing how much I know about crypto. So who knows who's reading along now...
I got bad vibes because it turned out that it's a crypto exchange that...doesn't deal in crypto. You send them 10K of money, the system/website shows that you own 1 BTC (or whatever), but in reality that 1BTC is never bought... in fact, the exchange doesn't even have a wallet.
The whole deal was super fishy.. the more I dug on the internet the more dirt I found, going as far as news articles in major newspapers. Essentially, they try to get money from investors and then they do not spend the money on the things they are investing in, but instead they use the money to pay the salaries, rent, and other costs and maybe 10% goes to what the investors think they are investing in. I think every 4 years or so, the company goes 'bankrupt' and everybody loses their money and they start over again under somebody else's name. They do this to real estate for years now, and now want to hop on the crypto train.
Not only is this illegal I am pretty sure, it's also a complete disaster if you do it to crypto since crypto is going to skyrocket and people are gonna want to take profits and if you don't have the BTC that you said you had bought, then you're going to have to pay them out of pocket in order to make the house of cards not come crashing down.
What concerned me most is that as a community manager, in a way I would be the 'face' of the whole endeavour and probably be the one who'd be answering the questions and perhaps get a LOT of heat when the whole deal comes crashing down. Plenty of people who I asked for advance have mentioned words such as 'katvanger' or 'stroman' to me..
Argh you're gonna make me install Telegram after all now aren't you...! I guess I will do it sometime soon. Because yes, I'd love a job in crypto - but it would have to be something along the lines of communication worker/community manager/contentmanagement. No coding since I don't have the skills for it.
Good that you did your research thoroughly! Very shitty that these types of people exist :-(
Telegram indeed, but a DM on Twitter is also fine. I would also be interested in the name of the company if you could share that in that DM. Because then, whenever their name pops up, I know not to waste my time on it!