“The capitalists will sell us the rope with which we will hang them.”
This quote is attributed, apparently falsely, to Lenin. I never understood what it meant… Until recently.
It was on an episode of What Bitcoin Did from last year. Host Peter McCormack interviewed Kevin O’Leary, the famous investor, known from Shark Tank.
Continue reading “Do We Want Bitcoin To Be Worth 500k… So That We Can Buy The Rope On Which We Will Hang? [Opinion]”
People often ask me advice about crypto investments. They have read about a amazing new coin, but wonder if this cryptocurrency is a scam.
In some cases, they’ve already invested and are trying to get their “investment” back.
It goes somewhat like this:
“Hey Wes, I’ve found this new XYZ coin. It is a new way of doing XYZ and it’s going to revolutionize the world. What do you think?”
Since this happens a few times each year, I’ve developed a few routine questions. Usually, it takes me a couple of minutes to figure out if it’s a scam or not. I might not even have to look at the website.
Some scams are setup quite well, and require a deeper look (but never to deep). Continue reading “How To Recognize a Crypto Currency Scam”