The Sophistication of Ponzi Schemes - ORMEUS COIN

This is fiction to all purposes.


Today Mr. Positive Blue and Mr. Negative Red meet Mrs. Inquisitive Brown to analyse ORMEUS coin. Mr Neutral Black has made a through reading of the document and Mr Technological Green is around just in case. Mr Market Purple has joined today.

- I just spoted a great opportunity! It is an investment in an existing bitcoin mining facility that is producing half a million USD in bitcoin and is going to expand. It would go like 100x the price and produce dividends right at the beginning. It is this one. What would you say?
- Well, the market for the coin has gone strongly up last week. It is quite amazing. Frankly, I have made a few quick operations for a 15% return in one day.
- I have seen the telegram channel. They just posted videos and pictures of the facility. It is inmense!
- I have seen those videos too. I have also checked on-line.
- So, is it good?
- Well, technologically speaking, they claim in their White Paper that they will deploy an smart contract to grant dividends to investors. If you are running an operation like this, that would be peanuts... kind of the first thing you would do.
- There are a few warning indicators on this one. The less important ones are poor Bitcointalk announcement page.
- Actually, what I found is far more distressing for those who invested. Firstly, there is a company called Ormeus Global, that is linked to this development. The business they claim to be inn is wellbeing and people developing their inner potential... and the like.
- That does not seem like the kind of company that would develop a technological venture in the Blockchain.
- However, it does sound like the type of company that would develop a Ponzi.
- A Ponzi?
- A scheme based on paying previous investors with the money from future investors... until it blows up.
- But... I have seen the videos and pictures of the Bitcoin farm.
- Just look closely. They showed a video of a bitcoin mining farm. No corporate image at all, no founder image shown in the video, no team, ... It even looks like a digital makeup.
- Oh, there is a board that says ORMEUS in one of the pictures.
- Take a closer look at that one. It is as fake as it gets. It is not even half decent photo-shopping.
- Oh Oh.... seems like those people who are buying a x10 ICO are not going to like this.