They are taking gullible investors money fully knowing that when lisk launches it will collapse 100-1000 fold. If thats not a scam then I really do not know what is.
The same thing happened to lisk. It was getting sold for 0.02 at one point in IOU's then when launched its 60k. Thats the exchanges taking gullible investors money full well knowing it will crash.
The people who bought in the ICO will be fine dont get me wrong but if you buy from an exchange IOU's then you will completely lose a lot of money.
Or maybe the problem is this type of ICO where you wait months for your coins/tokens, no actual wallet, online account for the coins you bought, hoops to jump through, and a billion miles away from
attracting non crypto people? I remember the good old days when you bought an ICO you actually got your coins and were trading within an hour or two of the ICO ending.
The long haul intentional hype is what has caused yobit and other exchanges to spot a chance. I'm fine with this. Its entrepreneurs spotting an opportunity and the free market working exactly as
it should. I totally understand how it can seem irritating (I own lisk as well as Waves) but then I have to check my self and think free market at work.
Im just pointing out that whilst Yobit may look scammy they really are just taking advantage of an opportunity. I was calling them out as scammers to
when they listed their version of lisk. But, they did follow through on their promise and real lisk can be traded, deposited, and withdrawn just as Waves will. Dare I say I think Yobit might turn
in to a decent exchange by the end of the year.
