**On today’s episode of The Cryptoverse:**
Bitcoin Cash starts gaining some momentum.
Poloniex publishes a new INSANE set of terms and conditions.
And a young man from the UK begins experimenting with solar powered mining rigs.
Learn how to make money with Bitcoin and cryptocurrencies at:
https://www.cryptoversity.com
**Request a video topic here**
https://goo.gl/forms/vcOaFAeIFVtj6NWw2
**Please Support The Cryptoverse And Boost Cryptocurrency Adoption By Becoming A Patron:**
**Tip Me With Crypto:**
Bitcoin:
1Lak8zkQbUB5FgDD6ci6M82oTVBveuBxBT
LiteCoin:
LcWP642P7NYTHg7wC6LscdeBi9wHcj45LB
Dash:
XoJrvgobQAtphXmcxStATPJQUgZYpWVMFu
Ethereum:
0x3a8c8a9932f53a7224b51b6373cf2c726ab9b721
**My Social Channels**
Steemit: https://steemit.com/@marketingmonk
Twitter: https://twitter.com/ChrisConeyInt
Facebook: https://www.facebook.com/Cryptoversity/
Gab: https://gab.ai/chrisconey
Minds: https://www.minds.com/marketingmonk
**Here are a few services I recommend:**
Purse: https://purse.io/?_r=ccint
Roboform: https://www.roboform.com/?affid=c5489
Vaultoro: https://www.vaultoro.com/?a=100678
Ledger Hardware Wallet: https://www.ledgerwallet.com/r/d1da?path=/products/12-ledger-nano-s
**Sources:**
https://cash.coin.dance/blocks
https://coin.dance/blocks
https://www.xbt.eu/
https://poloniex.com/terms/
https://sites.google.com/view/solartocrypto/home
On today’s episode of The Cryptoverse:
Ignorance and greed have been described as the fuel that has powered the engine of most scams and financial malpractices.
Please Support The Cryptoverse Podcast by visiting the Cryptoversity Store:
https://www.cryptoversity.com/store
Please Support The Cryptoverse With A Bitcoin Donation:
1Lak8zkQbUB5FgDD6ci6M82oTVBveuBxBT
Subscribe to the podcast here:
https://www.cryptoversity.com/podcast/
Today’s episode is sponsored by TunnelBear, the simple VPN app that makes it easy to browse the web privately and enjoy a more open and secure Internet experience. [Try it for free here](http://click.tunnelbear.com/SH8n)
Disclaimer:
I personally use TunnelBear every day and if you decide to upgrade to a paid plan using my link it generates commission to help support the show.
Sources:
[The Original Article on The Cointelegraph](https://cointelegraph.com/news/fool-me-once-how-to-spot-a-cryptocurrency-scam)
Produced by Cryptoversity.com the online school for learning about Bitcoin, crypto-currencies and blockchains.
https://www.cryptoversity.com/
Please support my mission to boost cryptocurrency adoption by becoming a patron:
https://www.cryptoversity.com/enroll/
Poloniex is just covering their ass. Of course corporations take full advantage of the law and make their contracts as biased as possible. It's par for the course. A lot of agreements we affirm have similar conditions. The difference here is that we have a lot of real money invested in Poloniex and the consequences of abuse can be bad, so we take special care to read their terms.
It might be a good sign that they are concerned with the law, which indicates that their intention is not to take the money and run, but to stick it out in the long term. And even when class action is taken off the table there are other legal recourses. You can still sue them the normal way, for example. Then they would settle with each claimant instead of getting the bad PR of a class action lawsuit.
Equifax pulled a very similar contract after their big hack, and people checking to see if they had their info leaked at Equifax's web site were ignorantly agreeing to opt out of a class action lawsuit. I think this is fairly normal when there is so much at stake.
Sorry to say, but America is one of the most backward countries in the world when it comes to cryptocurrencies. Their laws and legislation make their citizens financial slaves to the current money power, which are banks.
If you still use Poloniex you are a fool who will only be told "I told you so" eventually. Matter of time before they close down. Scam operation with zero support staff. Likely insolvent.
ive been solar mining since 2012 nothing new
Get out of poloniex!!! Go to Bitfinex, Kraken or Bittrex…
I don't think it's such a big deal. So far Poloniex has made changes that were needed ASAP to resolve critical issues. I think what caused Poloniex to revise the rules that we see preseented in this video was ripple (XRP) skyrocketing in price that cause serveral exchanges including Poloniex to shut down temporarily because they were overwhelmed by orders. As a result of this, Poloniex shut down the troll boxes that accompany their markets without warning and delisted a number of coins. So my guess is they established these new rules to avoid issues with customers if such exchange-changing events were to take place again in the future among other reasons.
We have the right to fuck you and you have the right to like it.
I switched to bittrex and cryptopia (for smaller (shit)coins) months ago, poloniex did too many scammy shit, it's not enough that they openly manipulate big markets (ethereum regularly) but even their support simply ignores people for months, up to a year. Save yourself the headache and possible theft, go to kraken for fiat<—>crypto and bigger coins, bittrex for medium cryptopia for small marketcap coins.
big baby(US)brother lost its Tax sucky/soother,,,cryyy/whinnne….
CRYPTO IS TAX-FREE!!!!,,,> let them dig through un-named hash/keys>> good luck bitches
Poloniex condition at 3.53
Why people still use Poloniex boggles my mind…
(and I'm not just talking about this latest event)
that is one reason we need more decentralized exchanges….. and fuck poloniex…we don't need you….
Love your videos and, again, thanks for all you do for the community. I was just wondering what extension you use to create highlighted text in different colors in Chrome? Thanks!
polo is going to exit-scam.
I watch your videos a lot. But I really just gave you a like because your looking out for someone else, and I find that cool. Keep it up. 💯
+1, thank you especially covering the new polo TOS bit. I use to recommend polo in the past but no longer. That exchange has been going downhill lately with crappy latency, server uptime, trollbox removal and now this TOS which essentially translates into 'they are allowed to do anything and you cannot sue them for it'.
What kind of terms and conditions is that? Is that even legally binding? Polo is basically saying customers have to give polo permission to screw them over before they're allowed to use trading platform.
Liked the plug for Graham's Solar Crypto. You were very polite about Polo's T&C's and well done for warning us all. Great show.
i suppose he can raise some money thru ICO
Dodgy?
Only possible in US. I don't think you would get through in EU or UK.
heres the Bitconnect scam…..
You send Bitcoin to them. They don’t ask for BCC, their own currency, they ask for Bitcoin! Why is that? Because their currency will become worthless as soon as they close down the site, but Bitcoin will still be valuable.
You buy BitConnect with your Bitcoin, straight from the developers of BitConnect! Every time a user buys their currency, its price increases. You give them the currency you just bought in exchange for the promise of getting back its value in cash after 4 to 10 months, and some daily interest. The interest is paid in Bitcoin, but the amount is calculated in dollars. Now they have your Bitcoin and you also just gave them back their own currency and increased its price when you bought it. What do you have? A promise and a spreadsheet that tells you youre a "billionaire".
When not enough new investments come in to cover the costs of paying the old users and still make them a profit, they sell all of their ShitCoin BCC, which increased in price by 10,000%+ since they released it because of their users buying it and giving it back to them, but never selling it.
They also have a ton of Bitcoin to sell, but at this point it’s worth a lot less than the total amount of BCC they have.
They then disappear with all of your money.
So what are the best ico's today? What do you think about Cobinhood and token desk?
Wow…I know 2 guys who have just bought in to onecoin. Poor bastards.
The easiest way to know if your being scammed is try to hold your fake currency oh wait you can't it's fake good luck when the guy getting all your real money hits the kill switch on the Bitcoin algorithm
What do you think about TBC, thebillioncoin?
I am glad they mentioned One Coin as an example.
thats CO-INtelegraph as in counter -intelligence
Please Support The Cryptoverse With A Bitcoin Donation:
1Lak8zkQbUB5FgDD6ci6M82oTVBveuBxBT
NO Dash Donations ?
This may be my favorite video. Great topic Cryptoverse!!
6:30 – The fundamental principles of crypto currency are: 1. Decentralization, 2. privacy, 3. unlimited use, 4. controlled supply, 5. transparency with a public ledger, and 6. publicly displayed source code for anyone to verify
8:12 – 80% of a projects success depends on acquiring value while only 20% relies on the technology portion
I'm a Bitcoin entrepreneur and have created the most incredible opportunity ever! It IS too good to be true, so, in order to market to you in a believable manner, I have to lie to you. Here's the lie… It is NOT an incredible opportunity but just another run of the mill small businesses bootstrapping itself on smoke. Join it at its early stages and maybe earn a modest return (if it works) and nothing if it doesn't. Moral of the story – people won't always believe the truth either.
Great topic. I thought about posting something about this on Steemit (and may yet do so). The basic rules are (1) Never invest in a product you do not fully understand; and (b) don't speculate with money you cannot afford to lose. And also, I guess, if it looks too good to be true then it probably is too good to be true.