Topic: ICO Scam Alert Youtube Channel (Read 244 times)

Hi,

We were watching your video and we want to point out a few things that you misunderstand from our videos and you showed up in your youtube channel...

- Regarding of the 84,000,000 mentioned in our video. Let us go through the calculation with you 🙂 There are 1200 ATMS, each one of them will TRANSACT an amount of $10,000 per day. (1200 x 10,000 = 12,000,000 million ) now multiply that by 7 (7 days is one week) (12,000,000 x 7 = 84,000,000 in Transactions per week ) PLUS You asked who makes that? I mean looking at the number of the market cap, those numbers will be reachable easy, for the simple reason that those transactions are NOT only purchases for Auscoin tokens... Those are purchases for any cryptocurrency that is available in the ATM... so you see people investing in bitcoin everyday and putting ridiculous amounts of money, even putting more than 20K per day. So we figured out that the average is 10K per day which is reasonable if we see the numbers in the market and the volume per 24H 🙂

-Talking about the portal, of course paying bills in Australia with Auscoin could be confusing. But this is how the procedure works, The customer or person paying the bill, will use Auscoin to pay X bill, he uses the portal and send all the information. NOW the portal gets all the information and stores the Auscoin and goes through the process of transforming those Auscoin into FIAT (CASH) which will be used to pay the bill. You say that the government won't allow that but the real question is why they wouldn't?, we are paying a bill with Fiat NOT currencies so it's like a normal transaction and you are earning rewards for using your portal as well.

-You are referring to a 1% of Transaction FEE, the question that we would like to ask is which fee you referring to?  In our video we are referring that 1% of ALL TRANSACTIONS will be put back into Auscoin. You buy BTC in our ATMS and you put x Value in the machine , from that X value 1% of that will go back into Auscoin. Example: You bought 10K worht of BTC in our ATM's. that 10K you put in, 1% of that will go back to the Auscoin network (10,000 * 0.01 = 100 AUD) So $100 AUD will go back into the network not 1 Dollar

We encourage you to read our whitepaper properly before trying to give information to people about Auscoin. All these points that you said that "didn't make sense" are clarified and explain in the best way to inform you better about Auscoin. If this project doesn't make sense, don't invest, BUT this doesn't mean that is a Scam just because you couldn't understand what we are trying to achieve.  

Thanks for your time.

You're welcome. I'll try to check the channel out.

Colossus Of Crypto Youtube:
EP 2: ICO Scam Alert - BitConnectX
Video Link: https://youtu.be/GjFWjBhXNjQ


STAY AWAY FROM BITCONNECTX

IMPORTANT: I forgot to mention, there is no Whitepaper on the Website to understand the platform!

If you were an investor of Bitconnect, its easy to maybe logical to you
to continue to give them your money in the hope your once retirement package
may just become available again! WELL LET ME STOP YOU IN YOUR TRACKS

If you think for a moment that BitccnnectX will solve any of the previous BCC issues
prior to them shutting the lending/commission platform. Only to ask you for another round
of your hard earned money? If youre willing to invest, then Unsubscribe to this channel
and leave it to those who need a hand!


Hard Facts straight to it in Ep2!!!

Thanks for viewing Criptopians! Like and Subscribe for more ICO Scam Alerts

Remember to always stay safe out there! When in doubt, ask questions!

This video was brought to you by the never ending research of a team
who want the best for everybody in the world!

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ETH: 0xB87c8c938a4fB9ae4b0830d65b424F0b3f4e4A78

LTC: LQSohjhVFeN6DWpVmJ1UscCCvutuTrKzZP

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FACTUM: FA3VvtZTJkcWtShZcUaDx32ZQYtTqEDab63sUXCsX451drw22BaY

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BAT: 0xB87c8c938a4fB9ae4b0830d65b424F0b3f4e4A78

Thats actually a great idea! Would this be a continuous comparison? I guess as time progresses so do scammers and therefore id need to keep in line with them? I understand hackers have their way of obtaining access through malicious software, thats not something id be willing to keep up to date with as they are much harder to find, ICO scammers literally leave themselves waiting for me to catch!

I will look to add comparison videos - Thanks for the input Cryptomngr

The reason ive decided to keep this channel purely Scam related is there is so many other Crypto Channels out there who do a great job with informing (with both aspects) i just feel there isnt enough attention on a channel JUST FOR Scams!! Now thats not to say i can confidently pick every scam, but i hope to put more research into finding them then finding the scores - The scores others can look out for... In terms of Crypto wealth, my portfolio is forever increasing thanks to successful ICO's such as PRIX (Privitix) - I can spot a great ICO quicker than i can a scam! Hence the focus on ICO Scams!

I have no worry about deformation cases - at the end of the day i doubt id ever be within jurisdiction but i can absolutely swear that any research will be enough as such that something has raised a red flag with someone who knows what theyre talking about! For that reason, id keep my channel as is and have the Series titled ICO Scam Alert - "COIN NAME" - I connect with my immediate twitter  which offers tweets regarding my personals at the time    

Great video surely you have some knowledge with these ICOs,you indeed helping the new folks to eliminate these scammy ICOs out of their way.I suggest you do some video that will compare good ICOs and scanny ICOs so they would have an idea which is which and how to spot these shitty projects.

Id like to think that my effort towards the channel specifically the researching aspect, is a contribution made to the Crypto-space and not for sale. The fact im out to expose them i can guarantee to at least myself that im in this for the right reasons! The point is to help people save their money, not help the  scammers run with it!

A White-Hat-Cryptopian <---- There is such thing!

But I still want to know, what would you do if these ICO teams gave you a certain amount of money to eliminate this negative video?
And when these ICO projects give money to you to post a positive ICO video?

Nice work there educating the crypto world of ICO scams

Similarly, I have a Twitter account that goes around exposing scam airdrops.  @contestsinkie

It's amazing how many folks are unaware of scams in airdrops.

Thanks for sharing in advance. However stay away from scam ico is the first thing we have to do if we want to invest in ico project.
Not only scam, there are some good ico but have no good developer team and the idea is similar with other also need to stay away.
May i know why suggested ico is not include in the channel?

Maybe call your channel ICO red flags? Obviously a scam ICO will not try to defend themselves by hiring lawyers to sue you. But it might prevent you from getting into legal issues if any project tries to sue you for defamation

Its all motivational knowing that people would actually get use from it. If people use it and save themselves from an investment that could of turned bad, then the idea is certainly worth the effort

We seriously need this kind of channel to raise red flag on ICO scam. I have been actively investing in ICO. will keep an eye on your channel.

Using youtube to share knowledge is smart move you have and thank you so much because some people learn from video not from read, just like me of course. The value I can get from your video is helping me to understand that choose the right ICO is not easy and now I know which one has potential scam not to invest. Keep going and thank's again.

Thanks for the words... I believe i mentioned it before and its certainly the whole process to the first video (Introduction)

I use some simple processes of elimination!
A) The technicality of the whitepaper - and if the token makes sense to the technology
B ) Most Important - References to code (and not a smart contract) Alpha/Beta versions are absolutely the thing to look for, but if GitHub pages are available then making sure that work is being done by more than 1 developer!
C) Researching a little on the team!

Usually with those 3 you can come up with a pretty clear picture of what the ICO has for itself!

Hope it helps, its certainly one major factor of checking to see Scams!

Good idea, I love your work. Nowadays, many people lazy to read and prefer to watch the video to gain more information. Especially in crypto world. Many ICO coming every day. And no one knows which ICO is a scam or legit. One question, what method do you use to define Scam ICO?

Im not quite sure what youre asking?

Remember, im a Network Engineer by trade, so creating videos is actually a new experience for me but one that was certainly needed if i was willing to commit this work to the Crypto world! Could you be a bit more specific in what you would like to see?

Brainstorm with me here peeps, what would yous like to see coming out of Y.T channels that give insight to Scam ICOs only... What would u like those sorts of channels to focus on?

How do I make sure the video does not support multiple projects. so that the information provided impressed discredit and make investors run.
give a good opinion.!

Thanks mate. Such youtube channels are very useful.
But as for me, each ICO investor should make his own research as well.