Crypto Anonymous posted on February 23, 2019 07:21:52
Oh boy do I have a gem of a scam for you here: BITCOIIN, yes you read that right, these mf-ers were banking on the name bitcoin with double "i", clearly trying to deceive people by using this name.
Allegedly this ICO was promoted by means of a pyramid scheme and they did receive a cease and desist order already in March 2018. Notably Steven Seagal endorsed this scam coin! All of this has already been confirmed in the media and the team has already exited. The implementation is simply a copy of Ethereum (they even have 0x... addresses) and an Ethereum wallet. It therefore uses accounts in stead of Bitcoin's UTXO model and is therefore even less anonymous than bitcoin already is. After creating the blockchain and the wallet, no further development on Github; dead coin!
Surprisingly early 2019 it got listed on CMC because it is being traded on some shady exchanges and it did a nice pump and dump. Unbelievable for a coin that is already so long a confirmed exit scam. The anonymous team premined all the 50 million coins and it was supposed to be a PoW mineable coin (which is why it is called a 2nd generation blockchain according to the whitepaper, reflected in its ticker B2G, which is a blatant misrepresentation obviously). The website is still online, because it contains a link where you can purchase mining for B2G which leads you to Dragon Mining cloudmining website where you buy pretty expensive mining packages, so BUYER BEWARE, don't fall for this obvious scam!!
Marketcap is surprisingly enough still worth $17million, but on a volume of $660k I wouldn't take that valuation very seriously. I posted this eventhough it was a confirmed scam like 1 year ago, but since its recent CMC and exchanges listing it has come back into the public domain, so we need to make unexperienced investors aware of this. Pure exit scam, but apparently ongoing money grab, leaching on ignorant investors, no innovation whatsoever, we could even say the worst of bitcoin and ethereum in one useless blockchain (more or less).