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Topic: NEO Super: Next-Generation Blockchain or Crypto Scam? (Read 44 times)

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Several reports from the NEO underground have been grumbling about a fork of NEO calling itself “NEO Super.” The venture launched, seemingly apropos of nothing at all, and boasts only one real project, a wallet service that some community members fear could very likely be an effort to scam NEO users out of their private keys.

On further investigation, this reporter finds that the NEO Super project is, in fact, an effort to “snapshot” the NEO blockchain and utilize it on the Ethereum network, complete with “mining opportunities” and more. It wants to take the “most successful” elements of NEO and utilize them in the form of a standard ERC-20 token contract.

Although it’s not hard to write such things, it also isn’t impossible to launch such a project. It’s not hard to see why people perceive it to be a scam or potential scam. In NEO, the reader may not be aware, one must use his private key quite often to unlock the wallet, at least with the easier-to-use wallets. A solid way of capturing a mass of private keys would be to create a fake wallet service that actually did interact with the NEO blockchain and simply utilize said keys to pilfer a ton of funds.

“NEO Super” has only 39 Twitter followers, and an apparently associated Twitter account was banned. The project’s GitHub repository has made no notable changes or commits to the NEO codebase. And, easiest to spot of all, as one reporter noted:

    “Because with a closer look at their LinkedIn pages you can easily tell that they are each fake.”

Indeed, CEO and lead developer John D. Martin” has only three connections on LinkedIn, despite an alleged seven-year development career.

What the project does have is a fully-written whitepaper, a nice looking website, a functioning clone of other NEO wallet services (minus the important — in NEO — function of printing the paper wallet) and an interesting idea that this reporter, likely among others, would surely like to be real.

CCN | https://www.ccn.com/neo-super-next-generation-blockchain-or-crypto-scam/
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