Disclaimer : This article is not meant to create FUD. It's simply made to give awareness when investing in Cryptocurrencies. Always do your own research, listen to a GROUP of experts, never an individual, and make your informed decision. Especially not from someone who constantly is trying to sell you their token.
This article is a review & discussion of the youtube video posted by Gerard Adams titled "Decentralized Deception".
Lets discuss
Bitconnect
We all know how this goes in the end. Plenty of people lost all of their life savings. Following Bitconnect's shutdown, a new wave of new "high yield" lending platform emerged (http://www.ico-lending.com/). For all we know, some of them might be legit, but who wants to bet their life savings to verify that? I wouldn't come a mile near any of these lending platform. Please don't let greed take over. Do your research, if something sounds too good to be true, it probably is. We don't want to see more people fall victims of their greed and crypto hype. These lending platforms tarnished the reputation of crypto community by exploiting human greed.
Tether
The concept of tether are really really good. Coins backed by USD, dollar for dollar. Bypass all US Federal laws to use the most desirable fiat currency in the world for ease of Crypto trading. But are they legit? Who is doing the audits? Are there hard evidence for this claim? Various sources have said that they severed ties with their auditor (eg.https://medium.com/@bitfinexed/bitfinex-and-tether-is-unauditable-why-they-will-never-do-a-real-audit-3324e002b185). By printing more and more "digital USD", the price of all Crypto soared in 2017. Is all our tokens valued at what it really is? As far as I know, there are only very few real world usable tokens. All I'm saying is pay very close attention to your crypto investments, do your own intensive research, don't listen to me or anyone.
Tron
Justin Sun. The child prodigy of Jack Ma. Is he really? There is a picture of him taken with Jack Ma. A picture. Singular. If he is a child prodigy of Jack Ma, shouldn't there be more pictures, articles, videos of him with Jack Ma? Is TRON legit or is Justin just a marketing genius? It's hard to draw a conclusion on this one, only time will tell.
What do you guys think of this video? I'm very interested to have a good discussion on this subject.
Congratulations @lunaravent! You received a personal award!
Click here to view your Board
Vote for @Steemitboard as a witness and get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @lunaravent! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit