(...)
https://www.gruenderszene.de/fintech/savedroid-staatsanwaltschaft-pr-marketing-werbung-ico-betrug HAHAHA no damage
Deutsch:
Nach wenigen Monaten waren wir allerdings gezwungen, Savedroid wegen ihres dubiosen und unverantwortlichen Verhaltens rauszuwerfen. Anstatt den Kern ihres Geschäftsmodells weiterzuentwickeln war bereits damals der Fokus auf dem Verkauf von Nutzerdaten und einem möglichst schnellen und auffälligen Wachstum Fame um jeden Preis.
English:
After a few months, however, we were forced to kick Savedroid out of her dubious and irresponsible behavior. Rather than further developing the core of their business model, even then the focus was on selling user data and growing as quickly and prominently as possible - a fame at any price.
WTF? they got kicked from some office because they sell user datas and do not developing there product..
That is the most concerning about this project in my opinion, if true - even without PR-Stunt. And it very well could be true, because if you think about the App and what it actually does: It's purpose is to help ppl to put money aside by simple rules. Let's say you connect your bank-account to the Savedroid-Account and you activate that a tiny amount is transacted from your bank-account to the savedroid-account whenever Trump makes a tweet or whenever you walk 1000 m or whenever you go to your Fitness-Club: It doesn't make much sense at all. In my opinion that are just annoying and useless gimmicks. Some might find it funny for 2 weeks but it's hard to believe that it attracts anybody over a long time. And, most important: It doesn't generate any money, just unnecessary transactions. What it generates though: User-data. Dependent on the rules a user choses, they will know a lot. Put that in context with the financial side and users become perfect targets for all kinds of shady stuff.
Now translate that into Crypto: It's not possible to connect a normal and external address in a way to the Savedroid account like it's possible with an external bank-account. The Crypto-assets need to be stored inside Savedroid and they'll have the private keys. A fully developed Savedroid would have total control and the user would be transparent like glass. And for what? I have no idea what the real value for the user would be. I mean, he would even have to pay for that... with the token, which is just a made-up-purpose, because (considered this would make any sense): Normal fees would be much more efficient. But they needed something to sell in an ICO, so they've created a token and tried best to promote it as purposeful and even valuable. They've even used a price-prediction-chart on their website.
If sane ppl with a bit experience in and knowledge about Crypto think about that:
- who wants to have his savings in an online environment he has no control about (experienced guys put everything on cold storage)?
- who wants Savedroid to have control over private keys, especially when it's about money somebody wants to put aside for later?
- who needs all the unnecessary transactions, let's say whenever he goes from home to the fitness-club?
- who wants the App to know the own location and other stuff
- is there anything to find here that is in favor of the user?
Really... the PR-Stunt is probably not even the worst about this project and in my opinion, it has no chance in Crypto, because it is a total contradiction of what Crypto is about in so many ways.
Now add the PR-Stunt on top of that: They let their Investors and Users believe that they ran with the money... what a great joke for guys who raised $50 mln with a promoted business-model of managing other ppl's money.
I really believed I would have seen everything in Crypto, but this is....... so damn..... new! #insanity ;-)
