Swedish crypto

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grenfell
Posts: 1891
Joined: Thu Jul 04, 2013 7:55 pm

Swedish crypto

Post by grenfell » Sun Mar 18, 2018 8:36 am

Has anyone else seen this ?
https://lessonsforsmbmanagment.com/2018 ... -startups/
Seems the Swedish government is backing a new crypto currency if the link s to believed. It talks of huge profits to be potentially made although I'm still dubious . I know some see these as Ponzi schemes and I do as well to a point in that the profits come from the value being inflated by the markets rather than simply by the influx of money at the bottom , however , I still maintain a healthy skepticism .
But the real question is , assuming this does take off in Sweden , will it spread to other countries and perhaps the UK and would , or should , we invest.

Edited to add,
There's supposedly profits to be made but it might be increasingly beyond the reach of some to calculate those profits ( this could easily be thread of it's own)
http://www.bbc.co.uk/news/education-43384434

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Le Mouse
Posts: 101
Joined: Mon Mar 27, 2017 10:39 am
Location: Area 4

Re: Swedish crypto

Post by Le Mouse » Sun Mar 18, 2018 10:33 am

It's a spectacular scam. I tried signing up to see what happened - I used some old email details. Worryingly, there is zero website security, no https, etc. My browser kept shouting at me that it was insecure. The confirmation email comes through showing the password which is extremely dodgy. Once you are in the site, there is no way to change details or cancel the account. Funnily enough I haven't given them my financial details!

This article agrees with me: https://cryptohelp.ch/how-to-detect-a-scam/. I expect an annoying phonecall tomorrow from Kryptonex tomorrow. The number will get blocked immediately.

I wouldn't be at all surprised if Sweden does release a cryptocurrency soon. But it won't be by Kryptonex!

grenfell
Posts: 1891
Joined: Thu Jul 04, 2013 7:55 pm

Re: Swedish crypto

Post by grenfell » Sun Mar 18, 2018 10:46 am

Cheers , I didn't click on any of the links in that article , perhaps a combination of cynicism and fear or worry . Hope you aren't bothered with too any unwanted calls.
Perhaps the thread title needs changing to "Swedish crypto scam" .

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Le Mouse
Posts: 101
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Location: Area 4

Re: Swedish crypto

Post by Le Mouse » Sun Mar 18, 2018 11:03 am

grenfell wrote:Cheers , I didn't click on any of the links in that article , perhaps a combination of cynicism and fear or worry . Hope you aren't bothered with too any unwanted calls.
Perhaps the thread title needs changing to "Swedish crypto scam" .
Ordinarily I wouldn't click on stuff like that either. I claim extreme Sunday stupidity! :roll: After reading a few more comments on that link I posted, I think I may avoid the phone calls because it looks like they only start calling you when you go to the buying screen. Fingers crossed anyway!

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