Is iCoinPro a scam? A Ponzi Scheme ? What the hell is it?

in #cryptocurrency7 years ago

Very recently, I have seen lots of crypto-currency enthusiasts talking about iCoinPro, a company that started couple of months ago with a business model of selling "everything" that we need to know about crypto-currencies, without the actual currencies of course, hahaha ....

According to my understanding, the product they are selling is information related to crypto-currency! I am wondering isn't the information already available on-line for FREE? For example, STEEM and its future is explained in their whitepaper.

I personally feel that selling information about crypto-currency is unethical since the whole idea of cryptos is for us to become independent and free from centrally governed organizations. That whole idea necessitates that the information on cryptos is available to everyone on our world so that they can access a secured, reliable digitized currency of their choice. The third party that is there to regulated and govern the information and know-how on how to use, trade, mine crypto-currencies seems counter-intuitive to the entire cause of Bitcoins and other Altcoins.

According to one Youtube clip it seems like the way people who registered get compensated is through the membership fees of the newcomers! What?? I believe this is a Ponzi scheme and should be avoided. The number of members are growing and building up a large community. They are all there for the said profits. I am thinking that such a model is not sustainable at all.

test.jpg
I like to know what the Steemit community has to say about iCoinPro company and their model.

Thanks!

Sort:  

Thank you for your frank opinion!

Please share if you know something about this!

seems kinda scammy, wouldn't give them any money

Thanks! Check out Youtube, it seems like everyone is running to grab a piece of the pie!