Do NOT trust Poloniex. Do NOT trust Circle. The bait and switch scam.

Poloniex team in December 2017 said:

"As with any change, we understand you may have concerns about how this requirement impacts you and the consequences of not meeting this verification deadline. Here are further details on what to expect.

On the date of the deadline, legacy accounts will be placed in a state where:

Trading and lending will be disabled; Open orders will be closed; Loans will have auto-renew switched off; Margin positions will be given an 8 week wind-down period where they can only be diminished or closed. After the 8 week wind-down period, they will be closed; Deposit addresses will be revoked. Any deposits sent to a revoked address will not be recoverable until the account is fully verified; Withdrawals will remain enabled at the daily withdrawal limits prior to the deadline. If at any point you verify your legacy account, full functionality will be restored and your daily withdrawal limit will be increased to $ 25K USD equivalent."

Flash forward to May 2018!

Tens if not hundreds of people have been locked out of their accounts even after verifying their identity and have their accounts frozen.

See their Twitter. See /r/PoloniexForum or /r/Poloniex.

The Circle Poloniex Team outright lied and simply CANNOT BE TRUSTED WITH ANY FUNDS. Be very careful.

submitted by /u/revcback
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Bitcoin – The Currency of the Internet

Just a reminder that Genesis Mining is a total scam. Nobody should ‘invest’ with them.

There isn't a single 'investor' who has ever received a break-even ROI. This is a fact. Everybody who has ever given them money has ended up with less than they gave.

If the price shoots up, sure it feels like you're making gains. But the reality is that if you gave any crypto to Genesis, you will only ever get a fraction of your original crypto back. Not even 100% of the initial investment, let alone profit.

It is a clear ponzi. This company's operational costs are obviously in fiat. They rent IT spaces in various countries, buy servers and graphics cards and netwoking equipment, pay salaries, advertising, travel, etc.

So they're taking all your money in bitcoin and then what? Converting it to Fiat so that they can mine bitcoin again?

Marco Streng is a liar and a fraud.

submitted by /u/ElGuapissimo
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Bitcoin – The Currency of the Internet

Virgin's Richard Branson Warns on Bitcoin Scam Sites Using His Name

British business tycoon Richard Branson spoke out Thursday about the rash of bitcoin scam stories that have used his name to lure victims. "I have written several times warning people about the growing problem of fake stories online linking me to get-rich-quick schemes, fake pages, misleading ads, …
Google Alert – bitcoin

Bought a Ledger from the Ledger Amazon Store. They sent me a USED Ledger with a seed already written down. HELLO SCAM! It wasn’t shrink wrapped. Really pissed right now, cuz If I was a Noob, I may have used this seed.

Bought a Ledger from the Ledger Amazon Store. They sent me a USED Ledger with a seed already written down. HELLO SCAM! It wasn't shrink wrapped. Really pissed right now, cuz If I was a Noob, I may have used this seed. submitted by /u/SpaceDuckTech
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Bitcoin – The Currency of the Internet

Bitcoin price: Former PayPal CEO explains WHY bitcoin is the 'greatest SCAM in history'

The founding PayPal CEO believes there is “no store value” in bitcoin and it should “not be accepted as a means of payment” and has no intrinsic value. Writing in Recode, Mr Harris said: “Okay, I'll say it: Bitcoin is a scam. “In my opinion, it's a colossal pump-and-dump scheme, the likes of which the …
Google Alert – bitcoin

Bill Harris Remains Convinced Bitcoin Is a Scam, but Does Anyone Care?

It has been at least a full week since we last heard a highly controversial statement regarding Bitcoin and other cryptocurrencies. According to PayPal Founding CEO and Former Intuit CEO Bill Harris, Bitcoin is the greatest scam ever. A statement like that from an individual who sees his business models …
Google Alert – bitcoin