Stratis — the latest $1bn Alt-Coin is basically Snake oil and Vapourware
AKA an ongoing heist to fool ‘n’ fuel one of the biggest scams in history.
At first I just thought it was strange. The sudden enormous valuation. The GitHub organisation with no people, and barely 30 Stars. The community obsessed with price speculation, within a gated Slack instead of open on Twitter.
Then it dawned, these people are probably just bots spuing endless garbage.
The somewhat elusive Founder, Christopher TREW — is seen here talking in one breath about…
…the vast room for collaboration in the Cryptocurrency space, while in the next claiming there is no desire to partner with Microsoft because Azure is supposed to be a competitor??? (literally didn’t make any sense, it’s a channel not a competitor). Then, by the time you remember the reason for building Stratis is the claimed to be needing to rewrite Bitcoin in .NET / C# (equally nonsensical), you understand it’s all a childish joke. Of course, Mr TREW is just pulling everyone’s leg, it’s all FALSE!
No, wait. Maybe I’m wrong because just six weeks after that interview, on only their website they announced a make-believe partnership to complement their make-believe product. Boy, the Stratis team works fast! I hear there are plenty of unnamed Regional Managers of Microsoft handing our personal endorsements, of totally unproven Alt-Coins right now:
That was a copy of the blog post, and here is a self-referenced quote:
They were literally talking about a 5-line markdown file by the way.
***** #SoWow ***** #MuchIntegration *****
However, don’t just take my word for it, here’s far a smarter man than me getting dismayed:
My guess is that @oojacoboo won’t be eagerly waiting for the team to wakeup later today.
I wrote this article only to hopefully save other people the time and effort I already, unfortunately, already wasted on researching this farce.
However on the back of this, I would be to hear some ideas for more regulation in the space. on the FTSE or NYSE, shareholders with a 3%+ are acknowledged publicly for the other shareholders to have confidence, insiders like Directors must declare renumeration and drastic changes in their holding publicly, months ahead of time.— Smart contracts might be used to enforce those two rules like that as a starting point.
An article I recently read mentioned the four Ds of Russian propaganda are: dismiss, distort, distract, and dismay.
I would say the same about this kid’s tactics for hyping Stratis, but making that comparison would probably insult Russians.