The problem with money is too much, too fast, modifies the mindset of the holder. I know very good and smart people who earned money the ‘easy’ way change into douche bags or idiots or sometimes both. This is just another example.<p>To be honest I think he started out honestly with his true mission, not trying to scam anyone, but when he saw all that money in his bank account he probably thought “I guess I made it?” And decided to drop the whole thing.<p>The thing about people like him is, they are usually extremely careless and will eventually lose all that money without too much effort, either he will spend carelessly in gambling, or get caught by the feds, or burn it in some other way.<p>It’s usually always the same story. It doesn’t last. I studied someone who won a lot of money from a gambling business, to people who inherited a lot of money from family, to people who get money from investors without putting in much effort. They all usually end in the same way, they lose it all, and it’s usually because of bad management of wealth.<p>My hypothesis is that when they get money the shortcut way what they don’t get is the management skill that is required for having a lot of wealth. Money is fascinating, in what it does to the mind of the holder. How money reaches the holder, usually determines how long it lasts as well.<p>I’m studying a few more group of people, my hypothesis has not been wrong yet. People who work hard for their money tend to be able to make less go much further. They seem to be much more efficient, and are usually very good at turning 100 into 1000.
I know stuff like this shouldn’t bother me relative to all the other stuff worth worrying about, but damn if it isn’t demoralizing. Makes me question why I even bother going into work and put in an honest effort every single day.
> <i>There were also claims of a cryptocurrency credit card, but it seems all that is gone now, with the official site displaying a Southpark meme</i><p>Wow, so it is [1].<p>[1] <a href="https://ico.savedroid.com" rel="nofollow">https://ico.savedroid.com</a>
Lots of speculation on Twitter that this is a misguided PR stunt.<p>After getting lost in replies found this article of a guy visiting their office today and finding it devoid of any CPUs and founder missed an event yesterday:<p><a href="https://hallofrankfurt.de/savedroid-rekt-or-pr-stunt-a60d19e35ece" rel="nofollow">https://hallofrankfurt.de/savedroid-rekt-or-pr-stunt-a60d19e...</a><p>Seems so blatant as to be unbelievable!
I've posted this rant on twitter: <a href="https://twitter.com/Roritharr/status/986669910192467972" rel="nofollow">https://twitter.com/Roritharr/status/986669910192467972</a><p>As someone that knows both @YassinHankir and @airbone42 personally, while being very skeptical about @savedroidAG , the stories of an Exit Scam just don't add up.<p>#1 The XX Millions is hard to actually get ahold off, its not all in cryptos that are hard to track, a lot of it is in the normal banking system.<p>#2 All of their communication up until this point indicated growth plans for their company. I've even had personal communication with @airbone42 roughly a week ago that indicated that.<p>#3 There is simply no response from anyone associated with the #savedroidico , for an exit scam atleast a few disgruntled employees would have spoken up by now.<p>#4 From all the people I've talked to in the Frankfurt FinTech Scene, it's like the company simply vanished. You can't do this that cleanly with that many people involved and have anyone have a good outcome even if they had access to all the capital.<p>#5 Without wanting to speculate, but I want to atleast put the idea out there: What if this is a case of extortion or (let's pray its not) kidnapping?
If find it plausible that we're witnessing the authorities handling the situation with the involved people.<p>#6 The whole PR Coup Scenario is a daft idea. They DON'T need more attention right now. Their product isn't ready yet, from my armchair, they have atleast half a year of development ahead of them before they can deliver anything. Why attention now?
If this is indeed an exit scam, the founder did himself no favors by posting south park memes etc.<p>The more interesting case is what would happen if instead, he'd just quietly take his money and go his merry way. It seems to me that it could be quite difficult to charge an ICO founder with a crime:<p>- ICOs do not sell equity in the underlying company.<p>- ICOs are not debt in the underlying company.<p>- An ICO buyer acquires neither a stake in the company, nor a right to interest payments. They acquire a bunch of tradeable integers. As long as they got their integers, and the trading platform still works (which in my limited understanding is not hard to do for Ethereum based coins), what cause of action does a buyer have against the company?<p>Even in cases where there IS a traditional debt or equity relationship, large white collar crimes are often hard to prove. ICO related scams might be all but impossible to prosecute if the principals refrain from spiking the ball, unlike this founder.
I legit think this guy has been killed. Why would someone do this? This will likely lead to a witch hunt [1].<p>[1] - <a href="https://www.reddit.com/r/CryptoCurrency/comments/8d8hz2/was_yassin_hankir_savedroid_kidnapped_and_killed/" rel="nofollow">https://www.reddit.com/r/CryptoCurrency/comments/8d8hz2/was_...</a>
If he's really not going to do what he promised, then he'd better be on a beach in a country with no extradition treaty, and planning to stay there forever.
Have fun being on the run the rest of your life. Sure, some countries don't have extradition to the US, but politics change. Not to mention some of those countries would not hesitate to blackmail you once they know who you are and how much money you have.<p>I can't imagine growing old and never having remorse for a scam like this.
And.... it's not gone after all!<p><a href="https://www.youtube.com/watch?v=o5_bwFf_byo" rel="nofollow">https://www.youtube.com/watch?v=o5_bwFf_byo</a><p>it was a stunt.
Looks like it was just a really bad PR stunt, more info:
<a href="https://cryptoticker.io/savedroid-back-online-exit-scam-to-send-a-message/" rel="nofollow">https://cryptoticker.io/savedroid-back-online-exit-scam-to-s...</a>
People who win the lottery have ridiculously high rates of murder, suicide, being crime victims, and being involved in litigation... And they have fewer problems than this guy.
Here's a video of someone that showed up at the Savedroid office:<p><a href="https://www.youtube.com/watch?v=BEBp1ASTGR0" rel="nofollow">https://www.youtube.com/watch?v=BEBp1ASTGR0</a>
Apparently, it was a joke from the founders to teach the ICO community about the possibility of a scam... Basically erasing trust and fueling hatred against themselves what they achieved.<p>Message from the founders:
<a href="https://www.youtube.com/watch?v=o5_bwFf_byo&feature=youtu.be" rel="nofollow">https://www.youtube.com/watch?v=o5_bwFf_byo&feature=youtu.be</a>
This is a form of ICO awareness accelerationism. I'm very cynical about ICO's, so this may be brash, but I automatically consider every ICO to be a scam outright – if they were all this obvious the world would be a much better place, because people would finally stop participating in these ponzi-esque schemes.<p>What this guy's done, if it's true, is no worse than any other ICO who instead uses their funds to buy a house in the bay area and lease an SF office for a couple years and play ping pong until the cash runs out.
Has it been confirmed his twitter and amazon accounts haven't been broken into?<p>Can somebody confirm that first image (<a href="https://pbs.twimg.com/media/DbDvp9iXkAYaY6s.jpg" rel="nofollow">https://pbs.twimg.com/media/DbDvp9iXkAYaY6s.jpg</a>) hasn't been photo-shopped? Those images don't have any exif data, but it looks like twitter's stripping exif info.
Looks like they found him:
Movenpick Resort on the Red Sea in El Queseir.
Coordinates: 26.155949, 34.244912<p><a href="https://cryptobriefing.com/find-yassin-hankir-exit-scam-savedroid/" rel="nofollow">https://cryptobriefing.com/find-yassin-hankir-exit-scam-save...</a>
Where are a lot of the ICO token purchases coming from? Are they all on questionable international exchanges that are trying to avoid regional financial regulations? Are the people trading on those platforms because they have no clear way to cash out currencies in their own country?
I have to admit it's amusing seeing cryptocurrency true believers slowly start to realize why banks, regulation and the SEC are critical to a functioning system. "There oughta be a law!"
<a href="https://twitter.com/YassinHankir/status/986551967932735488" rel="nofollow">https://twitter.com/YassinHankir/status/986551967932735488</a><p>That's just hilarious.
I started a cryptocurrency art project I think could be really interesting[1]. With all these ICO scams and the amount of cryptocurrency marketing spam everywhere it's made it very difficult to get any sort of traction or feedback on anything in this space.<p>Make it possible to quickly get fat stacks of cash in any space and watch the space turn to crap.<p>[1] <a href="https://lodro.gallery/lodrocoin/" rel="nofollow">https://lodro.gallery/lodrocoin/</a>
> It is believed that the ICO raised around 40 million Euros, or $50 million USD via the token sale<p>How do we know any of this is real? What if the entire thing is fake?