It's all a crock anyway
i totally agree
this is a western hype on this chinese LTC pumper video
and until today nobody ever confirmed that that guy was actually talking about Dash
You're talking about this video, right?
https://www.youtube.com/watch?v=sVsWQa9qKnkI've watched it a couple times through and there is no mention of Dash that I could decipher.
During my stay in Taiwan, I had the misfortune of being dragged (kicking and screaming by so-called "friends") to a few MLM and direct marketing-type seminars, and this presentation came across exactly like one of those.
You get some lauded marketing guy to come present, who immediately starts out by telling the story of how he just got back from this city or that city and how he has not even have a chance to sleep a wink before blessing you with his glorious presence. He talks of the extravogant hotel venue they rented the other day in Beijing and the countless "orders" that were procured there, thus putting his performance numbers through the roof.
He does eventually say that one "order" is equivalent to 500 litecoins, and at the end of the clip he performs some math to estimate that the daily total at the last event was over 10,000,000LTC. It is unclear whether the "order" is a commitment to buy or an acual purchase made at the meetup, which he seemed to refer to as a "market."
At any rate, my internal Chinese>English translation algorithm was unable to detect a single mention of Dash even after multiple passes.
Love it! Who of us that know something about anything haven't gone to an MLM meeting or two! You forgot to mention the bit about how at some point during the session the presenter speaks glowingly to the audience how "you're such a great audience and so intelligent..." and "I don't think I've yet had such a motivated audience; you guys clearly have an edge..." blah blah (add further "you're special" ingredients here to work the room up into a "yes" frenzy) blah blah. When I was in my late teens I got involved in a "business opportunity" week long training on how to sell time-share (back in the eighties when it had first started). I remember one particularly dubious character taught us all to (in his words) "work that f^*~ing hinge" meaning to keeping nodding continuously in front of your prospective buyers as the non-stop nodding will be infectious and they will nod their way to signing up. I remember at the time feeling intensely uncomfortable and fake-as (and I think around day 3 of the "training" I bailed before my soul was totally sold out).
Here's a supposed translation of that video from another thread where the poster claims to be a native Mandarin speaker:
Here is the eagerly awaited transcript of what is actually said in the video. Translation was done by bitcointalk member polychenko
(you can Donate BTC to him at 1NBBuD3N89sRLYgG8HvURUvVPzGEgiaT8a)Video:
https://www.youtube.com/watch?v=sVsWQa9qKnkTranscript:
Hands up the first time you’ve seen me here – old friends let’s welcome the new friends. [other repetitive introductory stuff].
4 days ago I traveling from Beijing to Dalian then I stayed for 1 day, then went to Shenyang.
And then I stayed there for 2 days for 2 conferences – with 2 teams there.
Then I went to Anshan. I then had a talk in Anshan then drove here [?]. This is my one week schedule.
But one thing is similar is that for example in Dalian, after the conference, the market had 600 more bookings!
In Beijing that team asked us to go back there for another conference.
I don’t like the Beijing people – too proud of themselves, don’t like other province people.
Because of that we booked a hotel which is just next to the government – only ambassadors live there.
From the first meeting, they are all relatives of Xi Jinping etc. [Chinese President!]
Some people say they are from the finance department of the main government.
I did think ‘I can’t do anything for this market’. The second day another good quality team came.
First they only sent less important people, then they realized it’s a good opportunity so sent the team leaders.
5 people in a team – each one gives 60 transactions.
Also they said they want to start the main marketing in July.
Only these few days when in north east china, and they kept telling us ‘come back to Beijing’ for more collaboration. [to make the scheme bigger]
From above, you can see that Litecoin is very popular with a big market there.
On 17th April when this company registered in china I was involved in planning.
Some people can earn around 100 000 within 1 day, but others work 10 years and earn 100 000, depends on the speed.
So I came out from home 17th April and drove for miles, and I haven’t been back home since. The first 28 days for me. [clapping]
I used around 10 days to have another round in these markets – it’s my second time to Panjin[sp?]
I got 200 bookings, each is 500 litecoins. How much is that? [end]
There's absolutely no mention of Dash and, even without the translation, I think you'd hear the guy actually say "Dash" as my experience of doing business in HK & Taiwan is that at presentations in their native language, product names will often be heard in amongst a continual stream of (to me and most westerners) indecipherable sound. I've noticed this at meetings where a Microsoft rep will be presenting and you'll hear the MS product names being mentioned in perfect sounding English.
I really think that little pump we saw for Dash was purely based on the speculation doing the rounds that "Dash is next". I don't think these Chinese running this pyramid scheme are onto Dash and (hopefully) won't touch it as it's clearly hugely damaging. No one will trust another Litecoin run-up now.
(don't look for it right away, sorry, have to open other computer, and the chickens need feeding and my new plants out front need watering ;P But I'll get to it, promise!)
