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That Martini Guy Scams, Crypto Criminals, Fake Volume Bitcoin lightning network

That Martini Guy Scams, Crypto Criminals, Fake Volume Bitcoin lightning network
That Martini Guy Scams, Crypto Criminals, Fake Volume Bitcoin lightning network

pThat Martini Guy Scams, Crypto Criminals, Fake Volume Bitcoin lightning network It turns out having had my helpful community guide me in the right direction this certain man is a convicted murderer who lives in Vienna in Austria he conve murdered someone when he was 19 years old they found member correctly and he was running big connect 2.0 and that is the kind of person that you are up against in cryptic oh hes not a nice man he sends me well he wrote for around three or four weeks every single day I would get a death threat the via email from bit connect dot IO dear Crips of community and blockchain buddies across the globe welcome back to kryptonite season to the no BS blockchain channel built with the committee and for the community and speaking of BS tonight we have a really special guest who will not be afraid to tell the brutal truth limitations about cryptocurrency and Bitcoin but also the good side no one else then one of the biggest crooks are youtubers Jordan aka that martini guy a pleasure to have you my friend pleasure to be yes so Jordan youve been through some crazy stuff in your life and you you took a lot of risk can you tell us a little bit about yourself yes yes so I basically the way I got into Bitcoin initially Ill start from the start 2013 bought Bitcoin never made any money on it somehow by selling it in 2015 for almost the same price as I bought it because you know I was inexperienced at that time and Im not that old so I was again quite amateur at that time however I rolled basically everything that I had into a theory Im in 2016 and that kind of got me really like fired up about cryptocurrency as it would do I mean everyone know what happens to aetherium before I cant even sell it at 1500 that wouldve been nice when it so there basically that was kind of what fired me up I and then I can be came into the space more I noticed if during that period of time is there is an awful lot of people raising money dont particularly deserve it we could say so then I started doing YouTube about people that didnt deserve to be raising money people that were raising money and basically the influencer side of it so there is many many influences people dont know the influence and model for making money and youd be surprised to hear how much some of these people make especially during the borer when people these these dodgy I see us as we all know the crop top they were offering 30 40 50 K a article but for some of these people now these people are no longer in the space so this is something that interesting no one no one really knows there is a number of people in the space that will take in and I know that these deals are existing because Ive been offered them myself and got a better mind at that time I only had 17, 000 subscribers so think about that to the January 2007 January 2018 December 2017 and Ive only got that amount of subscribers you can imagine what someone with their 200, 000 is getting offered or 150, 000 specifically these there is a lot of money flowing around the space and when we if someone gives you a lot of money youve never had it before who suddenly love come to millionaires and inexperienced people dont know how to spend money hence why here in the current situation with the market whereby all coins from a look at them how many have been successful in maintaining a steady token model at the same time as maintaining a good business a lot of them have developed fantastic projects a lot of them have developed nothing and and you can tell where money has been spent so if people have been the burn rate of some of these projects is crazy so youll get a senior that pays himself maybe 200 that 200 is wrong number actually maybe four to five million a year and hell pay himself this ridiculous amount of money and then not really do anything and then the company goes bust in four years fantastic way of exits coming because you can say well I dont I dont know what went on there and you see it all the time and it still goes on and these people still manage to raise money so its important for me to point out where where is what is a legitimate project look like what what does a legitimate project do how does a legitimate project operate you you work with Swiss bog Swiss pork is a legitimate project is there as a good thing its developed an application the application works its kind of essentially when youre developing something or if youre gonna sit out and sell something to someone a lot of the ICS during 2017 were sold as a way for people to make money and not as a way for people to like invest in something that they were sold as basically securities thats what Im trying to explain here they were sold as waste people to make money rather than invest in something that if the project goes well and the talk and appreciates in value because its got good talk and utility again talking utility I can go on about four hours about how tokens are misused and one of the most important things in a token economy is that a token is correctly that the the way a token has to be you in a way that is not going to impact the tokens price unless the tokens price is gonna stay stable so when you have a tokenized economy they come everyone is designed one that is utterly terrible its the best way of putting it no one has designed a good token economy apart from violence but even that model is starting to show cracks with the iOS not performing as well as they did Pearl in this just happened the reason that that didnt pump again nobody will know they sin I think its important to point it out but pearline had been trading OTC for at least three months people the token holders had it and basically the company already happened so nobody knew this when it was listening on Finance and theyd all bought righty or tokens and the reason he didnt pump is because the pump had already happened because the io news had come out and it pumped on the OTC markets so its and then they everyone just dumped it when he went on to buy nonce because the liquid is he was their token models a fascinating beast and I think that everybody has managed to get it wrong so far because there is no standard the balance has kind of set the standard in terms of bringing a good talk model to light and when youve got a good talker model its cool its obvious theyre talking went from seven dollars to forty dollars I think hes tapas are around there that is a significant gain for such a large cryptocurrency like Marquis Kappa having a but again what nobody factors in in 2017 was that if you have a low market cap your entire economy is flawed most of these tokens need a liquid market cap theyll as in they need enough volume they need enough buys and sell orders in order to maintain liquidity so that every time a large user of said platform uses the token it doesnt dump the price off from the price because these are not pump and dump schemes in theory as much as people would like to counter that thing what you need to do in that fair in that case would be to raise the market capital point where it is liquid and then hold it there with a liquidity provider that would hold the price stable essentially like a stable coin and and so what these they were all sold as everything is going to appreciate but then nobody did anything to help your tokens appreciate and most of the projects that are out there they dont need a token the token the main use of the token was actually to raise money for the company yeah and and so how do you raise something without having to go through all the legal boundaries you have a token oh isnt that fantastic we can escape all all legal boundaries by just having a token um and it works and it works fantastically well Im sure that someone will crack down on it sometimes some point in time I think one of the most interesting cases recently was in America where I forget what it was called it was something that hadnt exits count it was actually coined that I held because I quite liked the project it was about basically renting out bandwidth didnt need a token and they basically went to the sec and said look we didnt need a token and the sec I think find them the equivalent of what theyve raised and bits of the token doesnt exist anymore but they did stopped and going to prison because they admitted look we are security and that happened so I yeah yes thats fascinating I mean theyre something that I love about you Jordan is that you are the Sherlock Holmes of sniffing the BS oh yeah youre so good at tracking you know who the scammers are and why but obviously we dont want any of our viewers to get scammed eventually so if you dont mind sharing like have you seen any symptoms of the typical ICO scam or what are some hints that make you think these guys are trying to scam the world approached by them all the time yeah theyve got a daily basis I will have scams approached me and asked me if I can promote that project for example because I am an influencer I also have run a consultancy company on the side helping projects go the right way about things rather than going the wrong way about things and a lot of these projects approached me just because they knew who I am and most of them are kind of Eastern based because theyre still finding very easy there to raise money these not people think is very difficult to raise money in a market like we have now know if you have idiots then you have money there is there is a lot of uneducated investors they fooled very easily by promises of easy gains and they do not realize the world that they are entering into especially because most of the firsttime cryptocurrency holders the best scam or rather than the most famous scam this year I think has been big Kinect 2.0 yeah so when it came to big Kinect 2.0 its a fascinating story its a Ponzi smart contract its big coin to a picanic 2.0 so be Kinect we all know what happened with that that the project exit scam dr. Texas launched their whatever it was against them and they all went to nothing and everyone lost all the money wasnt that fantastic experience for everyone well it was because that was an alerting experience for everyone so regardless of how much anyone any money that anyone lost in that the reason that anyone lost it was because of greed greed in in they will learn now not to do that in future and so unfortunately some people have got to learn it the hard way obviously if someone is offering you 1 and the hairy turns on you money dad I dont know where youre coming up with this magical 1 of their figure but it is impossible I assure you as much as I would love to get one percent of their returns account is that the number one BS like hints that you get we offer you one person lending platforms are still massive in Indonesia China South Korea and India India all those three countries massive learning schemes but one just recently came down where they had above a billion dollars worth of liquid Bitcoin that they have raised and then because the people who were in charge of it I believe they got arrested or impeached or I dont know in peace thats what you do to a president but they got in trouble basically with the law and the law had authority of that I believe its being auctioned off now I dont think hes been marking so that would be very bad for the market but he might explain the recent dip and so but coming back to big connect they connect 2.0 launched this year and a man whose name I cannot mention because my article has been taken down for privacy reasons launched big Kinect 2.0 and I tracked it from start to finish this guide of the it is a masterpiece if you want to see it there is a link to the spiders web on one of the articles its pinned at the front of my youtube channel I will surely if you google that martini guy I will be the first result and hopefully Ill exalt link my channel in the description yeah definitely that was genius that article actually its a good article but the second article that I pulled that in that article it comes to a conclusion whereby I couldnt find the missing piece I went through all of these old forums made this spiders web but I was missing that one photo with a name attached to it it turns out having had my helpful community guide me in the right direction at this certain man is a convicted murderer who lives in Vienna in Austria he conve murdered someone when he was 19 years old they found member correctly and that is the kind of person that you are up against in cryptic oh hes not a nice man he sends me well if for around three or four weeks every single day I would get a death threat the via email from that bit connect dial cant give the name out for obvious reasons but this is the kind of person that Europe against these people are not nice people theyre here purely for money and Im someone that kind of I feel its important to to if you Im not old so its important for me to get a good reputation and maintain a good reputation and you can either do that by being honest about what you what youre invested in and I am a very honest about I did a article the other day explaining what old coins Im invested in just honesty is very importantly something that cryptocurrency has been very much lacking and Ive met the scammers they are they smile to your face and then they quite happy to plunge your dagger in your back and because is that is that why I like your doing this is because you feel like you want to be honest with the community by exposing a lot of people are scared theyre like I dont want to get I dont want to dig too deep because it might you know be a box of worms kind of worms I think at this point the my motive has changed so initially it was to be honest about what was going to encrypted currency because there was a lot of things going on and most of them were bad and there is a lot of bad people in the space which Ive kind of focused my efforts on exposing and that kind of helped me grow an audience in the cryptocurrency space because I used to be a car YouTube before this believe it or not no but so my motive now is kind of to increase Ive exposed the scams already thats been done but there is more scams all like if this point you have not learned then I do Im very much concerned Ill probably switch content back to talking about scams again come the next ballroom because there will be many more of them about but I think of this point its more important folks on what hes good there is a lot of good projects in the space Bitcoin for one Bitcoin is another thing that Ive kind of focused my attention on recently I think that the Lightning Network and Im sure that you had a lot of people on here that have talked about oh how fantastic is it Im gonna tell you right now in my opinion its flawed can yall grandma used the Lightning Network no she cannot therefore it is flawed if were talking about adoption here can these camera crew these nice men behind us do they know how to run a lightning node probably not not even I know how to run a lightening node if its not a castle node there is an element of brains that goes with it that most people have never learned most people didnt was good and my dads a puller my mom works for the council do they know how to run lightning Network nods no they dont so they thought its not adoption its its a nice use case so therefore you need a layer two solution that actually works and there is so many good offerings out there the the one of them will work I think that human readable addresses these one unstopable domains I really like what theyre doing Im not paid to show them at all but I really like what theyre doing theyre creating the ability so whereby I can send a theorem Bitcoin any kind of cryptocurrency from a treasure wallet now into a unstoppable domains account so you type in that martini guy at that martini Guide özil youd I mean that and you can send off a treasure wallet Bitcoin aetherium anything you want to this thing that solves an element of adoption that is a very good step but what bitcoin suffers from is why would anybody use Bitcoin it is a pain in the ass everything that I have is in crypto currency and there is a reason for that because hes very difficult to get it out now you can say look sell it on coin bits I dont want to sell it on Columbus I ultimately believe in the future of Bitcoin Im just very conflicted and Im sure those it this will suddenly acquire a bunch of dislikes as it always does as soon as you mentioned anything about Bitcoin Bitcoin is the best thing in the world its not its utter crap its flawed is tenyearold technology having three transactions clearing per second is pathetic the visa does what 1523 thousand a second if you had everybody in the world spending Bitcoin that wouldnt work can you imagine the backlog of transactions and how high transaction fees would be it will be ridiculous if when Craig Wright spam the network during the last border and took fees up like sixty seventy dollars or whatever it was that was it a real thing unfortunately for Bitcoin that was a real application the big gray grout was Lord testing it essentially and saying look this does not work it hes completely right doesnt work nor am ia fan of Bitcoin cash because that doesnt work because Bitcoin cash is ultimately flawed because all they did is make the block size bigger and well what did that shape it just delayed the problem for a few years when Bitcoin starts getting adopted he doesnt solve anything youve not solved the scaling issue youve delayed it what does like coin do same thing doesnt solve it having said that during the bore and I used like pointed process pretty much all of my transactions again if there iam unscalable so all these solutions that people are coming up with the best things in the world theyre ultimately flawed without layer two solution and unless bitcoins core community can agree on some kind of less to solution that actually works and the agree to crosspromote it together rather than shilling lining network that I believe is ultimately doomed and you all these people I went to a Bitcoin conference at the start of this year all these people they love lining network you say anything bad about it Im pretty sure theyd behead you um they just they not they dont take criticism and I think its important to point out can you grab my use it no she cant can your parents use it can my brother use it who is a couple of years older than me no we can nor does he care hes not better than what hes got cash shes currently the king can shes cash is king thats why they say into cash shes the best thing that we have not maybe for transferring overseas for example maybe I would use Bitcoin in that use case I have used it in this huge case you convert cash into Bitcoin and then send Bitcoin in which were they were trying to cash in their country its far easier way of sending cash than it is through Western Union who ticket cook but that is only one small use case if people are talking about Bitcoin as a peertopeer currency then he doesnt work it does thats my opinion it doesnt work without a layer two solution in that case so what is the so you believe layer two solutions you were talking about bmbl in talking about how that they have a really good token economy real utility to it do you believe second layer solutions are also an asset class that we should follow and something thats interesting for you or I dont believe take the second less solution should be tokenized I believe that most things in the space shouldnt be tokenized I think the only reason people use them I understand it is a token model but what you should do at that point if you are successful you should offer a token buyback in order to get rid of the problem that you have for most projects the problem is the token and they have these fantastic things that theyve built but nobody will ever use it with the token so just get rid of it this is this and youve got tokens that were raising like projects that were raising maybe 3040 million dollars just buy it back but then again most of these people they held everything open till the bottom of which some people Id know for a farm sold they sold the Bitcoin because it is going to zero and no that is when you buy the Bitcoin when everybodys selling the Bitcoin that is how you would achieve the greater fool theory that is how it works currently bitcoins whole price model is based around speculation and the greater for theory there is no real application for Bitcoin other than overseas payments and easy payments not fast payment its not instantaneous payments to cant pay in a shop with it Orbitz my local shop I accept Bitcoin it does yeah but it takes about unless youre using the same wallet is then weve got a good period of time to confirm unless you want to pay a very high transaction fee and Im not anti Bitcoin I want to stress this point everything that I have is in Bitcoin or all coins I mean Im probably about 85 of it is in Bitcoin thats a substantial amount of money thats how much faith I have this problem will ultimately be solved but I dont think itll be solved anytime soon because I think that it needs to fail before its solved I think the Bitcoin its something needs to happen whereby they just kick everybody out of the core community and get one in you know you know what if this is what they say when they hire new people for companies they wont fresh me they want fresh blood with new ideas the Bitcoin core doesnt have that youve got yeah youve got new devs coming on Bob but being brainwashed from being young to think like the old deaths and they want to please them they wanted they want to make them happy so theyre doing exactly like robots what what they want them to do that is not healthy I just think something needs to change and yes Bitcoin in his current form isnt scalable no itll never be scaled by I fully understand that but I think thatll air to solution will come along eventually that will present a better alternative to then this is this is comes to the other point is Bitcoin star of value or is it appear to be currency bitcoin is not star value as we kind of witnessed last night last night the price of Bitcoin for those of you watching this in the future it dropped 20 theres a star of value dropped 20 in the night not unless its a bad store of value and then when it comes to and then you conical people that yeah bitch do it bitcoin is worth one Bitcoin still yeah of course it is but what you want bit quite equivalent to because currently the only thing is useful is paying things in cash those in bitcoins main use cases dollar transactions not Bitcoin transactions Bitcoin is pegged disgrace weve got a dollar pegs therefore you see everything not Im not Pegasus of it is in it everyone sees it in dollars I cant remember what that word is called us I didnt go to university also Bitcoin doesnt make a very good peertopeer currency because its slow and kind of useless but its very good for peertopeer transactions overseas as something is fantastic for theyll do a lot of business with China do a lot of business with Lithuania all these area of the world now its very scared of these area of the world when it comes to deal with them theyre dealing with them in traditional senses they go all the dodgy or you cant do that with these people but I think its important to understand that these just people like us just because you speak a different language does not make them speak a different language maybe with a funny accent that doesnt make them worse people it doesnt make them scammers it makes them there everyone is the same as long as you get to know the person so the theres a lot of misconceptions that just being from that area of the world makes its account I do find it interesting the the kind of tax kind of ethics in cryptocurrency whereby I understand that he goes along with the space but it might hinder its development everyone is based in the care the sessions for the most the reason people do this is capital gains taxes in corporations tax it all these liabilities that you open yourself up to means that you shouldnt base yourself in the country of which youre operating out of I wanted your percent agree with you on that like you know a lot of people go to zhuge and they just register their company all they have is a mailbox and they say were a Swiss company so you know it like you said I believe if you put yourself in one company you need to hire the local people you need to support the local economy and build yourself as a company with true principles and values I 100 agree with that yeah yeah as much as Ive tried I cant do it in the Caymans Ive got to do it hes important like for me I live now in London I used to live in Manchester Ive been in the UK my entire life apart from for holidays and trips abroad and stuff like that I am a UK citizen therefore I should pay tax in the UK no matter how kissing annoying it is its its not the best thing so say you and I think most cryptocurrencies kind of based around capital gains tax however the government values it as a commodity meaning that you open yourself up to a lot more liabilities and the regulatory kind of not its not clear so unclear mic my girlfriend is a lawyer she is learning about these things at the moment shes got one year shes a fully qualified lawyer and she was speaking with one of the lawyers there today basically asking how is cryptocurrency classified in terms of legal stance its now we have to kind of go by hope for the best is the reason why people based themselves in the Caymans because there is no regulation and none effort will be so therefore in order to not get in trouble with any potential laws that you might come into contact with in the future you just base yourself there and get rid of the headache it makes sense now for me the urns pretty much everything that I have in cryptocurrency it creates a nightmare the accountancy costs for this a ridiculous it is almost its very own economical to do it here but it is technically kind of the right thing to do if you want to talk about doing the right thing now you can have tax avoidance Im all on board with that I think that if there is a loophole there then he should be exploited they leave loopholes there for people to use otherwise they would close the loopholes absolutely yeah but I have a followup question so going so first of all I love the fact that youre so passionate about this and I think thats why that marchini got such a strong following is that youre so harsh and critical because deep inside you actually love it and you want it to succeed so I think a lot of people they need to understand that youre not criticizing because of hate but its because you want this to and you have a lot of skin in the game right in a sense when people talk about oh I have thirty thousand dollars in it oh I have fifty thousand dollars in it they you dont have skin in the game compared to if you can afford to pull that in and still work a job still an income you dont have skin in the game my job is cryptocurrency everything I earn is encrypted currency and I never cash out this is my life Im critical because I care that lovehate relationship is really cool just going a little bit back there because you are like were saying earlier the Sherlock Holmes of sniffing the BS and you talked about earlier if a project is guaranteeing you any interest rate that is one red flag youre like okay you guys are proper scammers how could I make one percent a day what are some of the things that you look at when you trace you know you try to find like proof that this is a scam because I think the lessons that youve learned and that Sherlock Holmes approach is something that everyone could use and do their own due diligence so they dont get scammed on anyone that advertises it as an investment its a scam on anyone that advertises it is a return the good way of making a return on your money is a scammer anyone that proposes that this is going to be the next biggest thing in a kind of an overly pushy where I would probably call a scammer now this is all just surface things of course we can dig deeper LinkedIn profiles that have them linked on the websites if they dont then hes probably a scam if they do one of my favorite exists comes every Scott Manero gold because a lot of people were involved in it and he cost them a lot of money so its kind of a sadistic thing there but I find it because I the reason these my favorites cuz I almost fell for it they had the LinkedIn profiles linked on there and the the pro that token I cant remember if it was a pre mine but he was a privacy coin and there was actually some tech behind it and they what happened with them is they were listening on crypto piya as most projects back in the day were the exits can we all we all dearly miss crypto piya for those lovely lovely exits gems they made for they made for great content what can I say so get they were they were this dumb crypto piya and it basically they disappeared like everyone else does but what they did was they opened a loophole within their smart contract that allowed them to print unlimited tokens so they didnt have to steal tokens for anyone it they didnt have to know all they had to do is mint new tokens so what they did is they they basically hyped up the project so much which is how I heard about it the price is going up and up it like 5000 percent in a few days from what I remember and maybe exaggerating it a little bit in my mind but then we printed all the tokens then they sold all the tokens on them through the market just basically to zero and then put a massive sell order on it and the project was gone there is an important distinguish to make between scammy and scam scammy is are these people doing it for the right reasons and are their intentions pure and easy real but theyre not going to disappear and take your money guys what a scam does booty talkin a fantastic scam again I want to explain about bunny token is that the erotic its okay it is the erotic token its a it was advertised all over YouTube last year YouTube quite happily took multiple I would imagine millions of dollars because it was on every single advert that like four months I think dont think it raised that much in the end I think it raised about 3 million which is actually clen T of money most projects most startups in the UK probably struggled to raise 50 100k he really struggled to raise money but crypto at that time nobody struggled now bunny token they have a is just hilarious what happened then then market coverage currently seven thousand nine hundred dollars and perspective with I think its only got sell orders I think I think thats thats where this power lies but they did launch which is interesting and they are still available to see on chroma key cap so if you did want to see it then you can youre more than welcome to look it up on chroma key its a really interesting read the website as Gainey still alive and you can understand why it fails now there everything I would say kind of erotic associated in cryptocurrency hes probably gonna wags its camp and I think pretty much every single project Ive seen has not had any kind of real advisors project management no one is real no LinkedIn profiles are linked bony talking dead link LinkedIn profiles they did everything they would make them look legitimate which is why they were able to raise funds and now currently the model that people are raising from a series of costly the infamous ieo model that is kind of failing a little bit now but the Bonito back on the money talkin its a little vast gap its just a great scam because there is only a certain kind of person that would invest in this is why I like you because these people they kind of play the greater fool theory to the extreme the point of you just an idiot for believing that it was true and a lot of these scams originated in southern China where their ethics code is live from from our ethics code in the West they believe that if you can exploit someone you can take money from someone then more fool them because thats just different cultures so a lot of these I think only talking is actually Russian they hired a lot of Russian and xxx stars to do their adverts on YouTube which is how they grab three peoples attention I just the way this comes up I find it fascinating they said I can lesson in human psychology yeah it really seems like its going that deep and I have a question so over that first of all the scam versus kami is a great definition because Ive seen both and now I think I understand that the difference between the two I have to ask you like some people say that because you know all this are most of the these projects are opensource theyre on github easy to fork in terms of companies that just take all the code and copy and paste that to pretend that theyre a new protocol or pretend that they have something of value would that be considered a scam for you I say it depends on how the marketing so if you are to take something that is someone elses and not declare that is someone elses then that is plagiarism and you will be prosecuted for plagiarism eventually because plagiarism is caught hes stealing like anything else you can be sued for it but it really just depends because I believe that this is a cone leaf whether this whole thing is gonna succeed is by sharing sharing is caring yes so its important to remember that there this whole space was built on people sharing information and the only way that you can defeat the ultimate bigger power which is the centralized or authorities that run the world Im very much against them i feel like they abuse their power this is one of the main reasons im a big in kind of bitcoin is because it takes power away from the states although it is ultimately far it does take power away from this day and i am in favor of decentralization thats something that is very much important to me i think sharing code is fine as long as its clear that youre sharing code i have seen projects copy and paste the entire projects just like ive seen projects copy and paste entire websites its very common i find it fascinating actually for the most of 2017 SI cos and some of 2018 everyone had the same website even the same graphics yeah yeah that that little block that was yes and who is paying for this because hes not very good its like its just who designed this the is yeah im just not fun why is everyone for the same look no idea of this space if youre at least you gonna try and scam some money as in people is to make something a little bit different something decent these this whole kind of space in 2017 was built around being scammy not not scamming but being scamming a lot of projects were scamming theres a lot of tactics of projects used to inflate the price of the coins of which i am in favor of and i want to make an important distinguishing here market making and pumping the price although they are two different things im in favor of them if you are talking is not a security which for the most part most of them arent then you are in control of your entire economy and if you neglect your economy then you neglect your token and the token price will go down looking after the token is integral to the success of all of these companies and so therefore market making is very important I woke you up luckily on a serious note marketmaking is very very important having a high market cap high liquidity very important because businesses will fail everything in this space is doomed to fail thats dust Id say the best way of kind of describing this space at the moment I love that way because a lot of people automatically think that market making is a negative thing but like you said it brings liquidity it helps people to trade more so there are many there this is not just the negative dark side there positive things about market making as well definitely but the whole point of market making is to make you better for the people that hold the token hes a very kind of selfless act the problem comes with market making when the team decides oh I hold four million dollars worth of tokens no Lamborghini looks rather nice I think I might have one of those and although those tokens are yours to sell youre not thinking in the best interest of the project at that time and by this is what happens with pump dump because a lot of projects install his strategy and then the team gets gradient and then he goes in the opposite direction which is how what happens with with pom pom cycles and in most cases the team has made the money and then done a lot of the projects they just done they meant a lot of money in 2007 a lot of people at the top made a lot of money and that is one of the reasons again Y 2017 was flawed it didnt decentralized anything is centralized more money than ever before though there was more millionaires created that year and gets more millionaires destroyed as well it doesnt 18 I know I was I was actually a good point to make here I didnt actually mean I think I made about being completely honest about 10, 000 during the entire board room completely okay with sharing that most people go how the hell did you do that dont ask no idea I I think I never advertised the project throughout the entire bull market again I did not trust anyone that year I thought that what was going on it was more important just to focus on making the space a better place because it was obvious what was happening that the bitcoins price was becoming way way WAY overinflated yeah now thats really interesting so theres theres another thing I know so first of all I love how you detect scams and youre youre looking for you know laws in the system to help us you know have a real honest debate to the community one thing that you also are good at detecting and we talked about it briefly a few hours ago as you know there was a report showing that between 70 and 75 percent of all volume on a cerium and litecoin and were talking about the top currencies is fake yeah how do you respond to that how did how does that make you think everything that you see in the market is entirely fabricated especially from the projects at the top do you really think throwing people that are willing to buy and sell these things all the time the only thing asset that people are interested in buying and selling is Bitcoin maybe aetherium a ripple it was actually quite a popular one and but ripple has a market maker and the market maker is very very reputable Im gonna name names again because I dont want to get in trouble but ripples market maker is very very reputable well the ripple team do however is they sell into the market every day because dye is what we will do everyone knows its no great secret ripple selling to the market meaning that the price goes down unless there is more public interest ripples volume is provided by their market maker again fantastic market maker but with all of these things there are people market making on exchanges coin been horrific exchange quite happy to tell you they stole 18.2 million UT tokens along with 100 million dollars worth of all the tokens from people on the website they were hacked or it was an inside job dont know but I do know that its been a right hustle trying to sort it all out and they wont admit that theyre hot because everything is under maintenance and it has been on demand so very long time now in fact I think Im almost yeah Im going on for a year now theres a long time to be in maintenance anyway and these domains and then your other exchanges I ducks fantastic example they recently Ayad a coin called blubber blubber is a social network type thing absolutely screwed them they filled up the entire allocation for ie your tokens with BOTS I think around thirty thousand was real and I dont know what the tall figure raised was but most of it was fake they filled up an allocation for an io with false just to make it look like you sold out quickly its crazy I mean I saw a report from crypto compare the other day and literally they dive deep into their due diligence did research theyre there they have data server so they really understand data and they were saying that in the top ten crypto exchanges for for volume only one was privileged legitimate and that was financed and all the nine others were completely fake I would be inclined to agree with these people however I do want to point out that not all balances volume is really there now there is a difference between a lot of these exchanges and binomes how if violence doesnt make their own market exactly yeah but people do other people debate all the people mock you may combine ants so if you want to call that real volume call it real volume its technically not real valium but having a market maker is important and a lot of people dont realize that these watch training is literally just to make things look healthy without wash training if you took out all the watch trading from the market pretty sure everyone would probably leave this space because it is not good you know its funny because you know some exchanges when you go on them like literally on the the sell and the buy orders you see clones so its exactly 150 you know blah blah blah and then 150 bla bla bla 30 bla bla bla 30 bla bla so its literally its like a pingpong that theres a fantastic example of this would be L Bank exchange if anyone wants to watch half an hour of a crypto wash Trading Shore check out L behan cuz everything on there is watched traded look for the highest volume things what they do is they dont even try it on the book this is how bad its getting they trade off the book so they have an odd book on the exchange when no orders are being executed only hidden orders we engage the hidden orders as well if you want to talk about that hidden art is it different from old as you can see so they washed her and hidden order so theres a line thats nonstop coming down at the side with all these orders that happening nothing is happening on the order book there is no volume on the audiobook but no one is using exchange but somehow these money still fabric here 500 million dollars worth of orders per dead dunno Im just done why they even bother so actually you just mentioned hidden orders thats something that I came across just a few months ago you might telling us a little bit more about what what is this hidden Hoarders right so on every exchange there is a hidden order book and there is not a book hidden our books are there to kind of regulate prices sometimes theyre installed by exchanges sometimes theyre installed by a very good customers to exchanges they want to offload large amounts of tokens but dont want to scare away the customers so what you would do is you would think of the you have a hidden order book and basically that that is the people that Ive dealt with them used not as many its used for kind of offloading tokens you know you know I dont know whether its ethical or unethical tavares really its an interesting dialer if you cant see the order does it is it good or bad and I personally think its bad because everything should be out in the open and and this is the game the problem with centralized exchanges because you cant have a hidden order index this is one of the reasons why I love I Dix idecs is a fantastic exchange because everything is there is clear is visible nothing can be hidden on a decentralized exchange because its just from wallet wallet Martin theres no middleman in between that can fiddle the books and fiddling is very popular at the moment yeah how far are we from actually having atomic swaps being able to have a decentralized exchange or you can have liquidity and and we can on a peertopeer level I can send some aetherium you can send me some Bitcoin viceversa Im gonna say now that I dont think itll happen for 15 years and you wanna no reason why please yes because people theres no money in atomic swaps why would I develop a decentralized exchange when I can set up a leveraged trading one why would I want to do when I can set up any other exchange that will make infinitely more money a project that I like that I think is Isabel underfunded is called metamorph metamorph is decentralized exchange they need a fantastic platform they have atomic swaps but it will never be adopted they dont have the marketing budget they cannot compete with anything best decentralized exchange out there at the moment I think hes just gonna live is not nosh is a fantastic project they have a security token rather than a utility Serkan which kind of makes it even more legitimate the security token was sold to US investors fully regulated more and more legitimate this is something when I dont think any all the is and ts have been crossed and doctored I think thats how you you say and now shes great hes got a centralized interface with the decentralized background so I have one last question because since youre so honest youre youre brutally honest with everybody and youre not afraid to say bad things but for the good of it last and this I know this is a really hot topic and everyones talking about it and you might be tired of it but I just want to get your take on Facebooks Libre coin as you know France has taking a really hard stance they took their shot at it Portugal as well and Germany as well how do you feel about how is this how are you reacting this news is that positive news for you negative news I think that Libre will never happen I think itd be great if he did happen because its progression I dont care how progression happens as long as it happens and as long as you can buy Bitcoin with labor I think thats important you know to keep that kind of decentralized stance on things Libre is gonna be a crypto currency that means I can send 21 the world meaning that it is exchangeable for Bitcoin because you can anyone set up an exchange that can do that so ultimately I am in favor a big Libre I am of course in favor of a Bitcoin as well despite what I have already said I am in favor of Bitcoin Im sure people will still complain everyone has a different opinion and everyone in this space always knows whats the best thing and Im again one of those people however Im very much willing to hear other peoples opinions on it and I think its important to listen to all the people have got to say and taking on board though you dont learn by doing that back on the Libre point Libre will never happen but itd be great if you did thats how I did you know I think that a lot of people say I remember some quotes not exactly but theyre saying like angry customers are your best source of learning and and in that way sometimes you know when you get heated and emotional I feel like you know thats thats the way we can learn and and they need to hear this need to hear about the scams you talked about they need to hear about the fake volume they need to hear about the wash reading about the ICO issues I mean its its reality right I think that angry customers you learn the most from them are you also just learning from speaking to people like since coming into this based learning from speaking its massive you can learn so much just by saying listening to someone thats in a different sector these are very very not only lucrative to listen to people because you can learn what they do and kind of take it on bottom then maybe I something yourself you can also use that person as a contact you can theres so many different avenues of revenue in this space theres so many different ways to progress the space at the same time as having an income that I think this space is hugely underutilized and the people are utilizing it utilizing if the wrong reasons because theyre here for the money and they dont care about this that Marty guy aka Jordan it was a pleasure having you my friend and please keep doing your research keep being the Sherlock Holmes and and questioning all the stuff that we need to look at and face reality you know I will so long as my YouTube channel is not bummed because that keeps on almost happening so far Ive done an amazing job my friend thank you so much for coming on the show and guys dont forget to follow that martini guy for that for those who do not know him he has some really interesting content helping you with scams helping you see the negative side as well because this is not just all about flowers unicorns and princesses but there are some issues to look at dont forget to like comment if you have any questions well try to get that martini guy AKA jordan to look at the comments if possible oh yeah blast that Bell notifications so that you can get access to these timeless interviews and be educated to learn more about the crypto space look forward time you guys next week every Wednesday at 8 oclock UK time see you soon youp

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