from Hacker News

Savedroid Says ‘Exit Scam’ Stunt is Lesson to Crypto Community

by greyfox on 4/19/18, 3:40 PM with 21 comments

• by nathanaldensr on 4/19/18, 4:21 PM

  Perhaps this was a real scam initially, then he decided to pretend it wasn't, after-the-fact, to save his skin? It seems to me that leaving a shadow of a doubt as to his trustworthiness was a big, big mistake. Couldn't he have just presented the hypothetical to the community openly if that were his true goal?

• by dpiers on 4/19/18, 5:42 PM

  I am eagerly awaiting the third act in this saga, where it is revealed that the whole exit scam/"PR stunt" was a misdirection and the real scam is uncovered.

• by walrus01 on 4/19/18, 8:58 PM

  It's possible to be both factually correct ("it would have been really easy to scam you people!") and also an asshole simultaneously. The two are not guaranteed mutually exclusive.

• by geraldbauer on 4/19/18, 6:09 PM

  FYI: I've put together a little summary with commentary in the Get Rich Quick "Business Blockchain" Bible (Free Online) - The Secrets of Free Easy Money with a Fast Exit Case Study thanks to Savedroid - https://github.com/openblockchains/get-rich-quick-bible Buyer Beware.

• by JumpCrisscross on 4/19/18, 5:05 PM

  > even we as a highly-regulated German stock corporation

  What is this drivel?

• by everdev on 4/19/18, 5:38 PM

  Fraud: "wrongful or criminal deception intended to result in financial or personal gain."

  I'm not a lawyer, but I don't think you can pretend to commit a crime without consequence. If he does generate publicity, it could be considered financial or personal gain. And the deception does seem wrongful, even if it was for a day. Also, there are laws against this kind of thing to prevent people from attempting a crime and then saying "I was just kidding. I wanted to make it look real so you'd know what it felt like if I actually did it."

  In the US, suing for emotional distress in this scenario would be a slam dunk I'd imagine.

  More than that though, who wants to work or do business with someone who thinks this is a good idea.

• by FullyFunctional on 4/19/18, 11:20 PM

  I can't be the only one expecting to read a story about crypto (you know, encryption etc) rather another boing bitcoin story. Sigh.

• by 908087 on 4/19/18, 5:01 PM

  Was this shitcoin on exchanges aleady? If so, maybe the shitcoin headmaster in this case decided to change his plans from full on exit scam to massive dump and pump.