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On the other side of each boom behind the sportcars bought by early investors there are 10 average joe retail guys who lost life savings

I was actually intending to write up an article on the differences between pyramids, ponzis and bubbles. In each case the end result may be that the average guy losing his life savings - but there are some differences.

It's a terrifying view to see what people become when given too much power. This is the birth of cryptocurrencies, from the moment Bitcoin appeared. The lack of regulation makes people too brave to harm their peers with the promise of their own personal pot of gold waiting at the end of a rainbow wrought with the blood of their neighbor.

You can see even here on steemit.
Some whales simply become inadequate because of power laid on them.

I've had some friends who got into this because the idea of cruising on easy street was just too much of a temptation.

It was as if common sense was thrown out the window with the many dollar signs passing through their eyes.

In the months that they were making money they lorded it over to me that they making so much money and putting it back in so that it could compound to more interests.

No words from me swayed them until that fateful day that it crashed.

Yet never did I gloat it over because I knew how much the investing in it. Houses and lands will be taken away, cars worked on for months returned, lives broken because of greed.

I am still trying to get them to Steemit. Yet a lot of them are now afraid of any blockchain related stuff.

Maybe someday they will think about it and get into Steem and embark again on the future.

Yes,
A lot of people are freaked out with Steemit initially... it does sound too good to be true. But we're here, and my rewards keep on coming everyday...

People just need to understand how it works, and you can figure it out here, unlike in BitConnect because obviously nothing was working.
Cheers Mav

For me the weird thing is, here are so many users hating and despising the government, they want an unregulated cryptocurrency. But when things go down, they cry for justice.
How does that fit together?

But I guess we have every 1-2 months our scammed. The last one was zeartul. Also brought to light by @themarkymark.

Please vote for him as witness!
He is one of the good guys here!

you just made me go hmmmm
what punishment should free unregulated market impose on a proven scammer?

And who would regulate the punishments in such an unregulated market? ;)

The ultimate lack of regulation is anarchy. In an "unregulated market", the people themselves would regulate it. Written laws or unspoken laws. The social contract is always there as a soft wall to mold our conducts, both done by the individual and the community that surrounds them with expectations of decent behavior.

STEEMIT Inc could seize his steemit account for one.

Just did it right now! Thanks

Yeah I didnt like this post. Specially the video this guy seemed a lil wierd the way he said black people little sketchy and he wants the russian mob to take care of trevon 🤣. I agree it sucks what happened in bitconnect allot of pepl lost what they couldn’t afford to lose. I only lost a couple hundred dollars I put in to blog about it but I expected this all to happen and everyone knew bitconnect was very risky before they got in. You are responsible for your own actions. Dont go blaming others when u get greedy and go for a risky investment and lose it all.
With that being said if any of these guys actually did know this was ganna happen in a couple weeks and kept promoting it all the way till the end knowing whats about to happen. Thats wrong but I honestly dont think these guys knew.

They knew it was going to happen, that's why they stopped promoting it weeks before... as soon as they knew it was going to burst.

Thats what I thought when I first heard about it but we cant prove that they really knew. It will be interesting how this class action lawsuit plays out. I want to find out if these guys really knew or not.

On the other side of each boom behind the sportcars bought by early investors there are 10 average joe retail guys who lost life savings

For Every SCAM this is true, but not for every Boom. WEALTH is not a "Zero Sum Game", not by a long shot. For true wealth generation, EVERYONE can theoretically Gain Wealth. But throw in Human Nature, and there will be some losers. I did not watch the video of "I Lost My Life's Savings" because CLEARLY, that man was FOOLISH. You Do Not PUT ALL YOUR EGGS IN ONE BASKET so to speak... And this is why! I am fortunate to have many options, but all of these were "untouchable" and I got hit HARD in the Real Estate Bubble of late 2008. Lost 33% one quarter. But that was just out of one of these untouchable retirement plans. However, I have done quite well for myself BECAUSE of That 'kick in the nuts". I started buying Silver and Gold. Silver is about dead even with my initial buy-in price but that will change if this latest market correction gets worse. On the Cryptos, I am still showing a good gain in Steem. I also have a back-burner coin (1.3 million) that has much promise. But I have another thing, DIVERSITY. Gladly So!
I am covered no matter what happens. ;)

Up you go!

Agreed. I saw a post this morning (via Facebook, hubs was on there... not me) where they were doxing his location. Totally not cool.

Does he need to be stopped? Sure. Does he and his family need to be put in physical danger? No way.

Though it's not the greatest, we DO still have a legal system in the USA. Until that dissolves, let's use it. 😉

Great article. I actually hadn't noticed that Trevon had an account here. Interesting...

Thank you for noticing those typos... much love Carrie :D

I got you, boo. 😍

How are you @spiritualmax?

I think it's fine. It's been a few days I did not visit your blog, because I am sick.
Today I feel a bit healthy and try to visit you again.
And...
You have hot news. I think the authorities should immediately resolve this issue. Because I do not want to see people being massacred by one family then burned. 😂😂😂

Cheers! 💖

Hahaha!
Great to see you again @moexyn19

I really hope you get better soon! :)

Cheers 💖


I am honored.
If you look at me you will say, "apparently you are little boy". 😂
And I'm proud to have an older friend, or very old maybe 😂
Cheers 💖Thanks @spiritualmax,

With Gamergate and 4chan we've seen the way the internet and social media can be weaponized .. its seriously dangerous. I dont know Trevon and I agree he was probably knowingly scamming people, but the attacks and lone justice style response is dangerous. Trevon was successful doing something many people here are trying to achieve: create a crypto marketing cash flow through gaining followers and leveraging his "online celebrity" cred .. regardless of his backers or what was really going on, his cred now is spiralling down to zero. Before we scapegoat, we should think how we would feel to be in his shoes .. does he deserve the flames of hell? I think karma always comes around, we all know crypto is a big gamble anyway and he was riding the same wave many other jumped on. Trevon, it seems, is losing big now, and imho its wrong to judge lest thy be judged, know what I mean? Peace out.

I see you're a man of culture as well, mentioning Gamergate and 4Chan.
I wager you also know "The Pool's Closed" :D
Cheers!

I loved this moment in history.

Love you even more now Sharon <3

Watching the video right now... this made me really sad. There are so many new influencers on the social media platforms, and they establish themselves as experts. Most of them have good reasons but there are those who don't and it's harder and harder to distinguish them.

Time to think for ourselves guys. Get your information from different sources and think for yourself!

That's the best thing everyone can do!
It takes hard work to use your head, but you should always do it!
Cheers!

Man, Whats up with people? Can't they let a good thing be without trying to take advantage and corrupting it?
I have missed a bit of your posts have not been able to write or upvote been getting a message that i have exceeded my bandwith! What does this mean?

Hi Sirkim.

That means you spent your allocated space in the blockchain.. that space regenerates but the limit also goes up the more steem power you have.

Cheers!

Thanks @spiritualmax do i need to invest in more space? How do i do that? I felt awaful not been able to write! I don't want this to happen again!

Yes, you need to get more SP to get more space.

Jesus. I haven't heard of the video revealing his address and pictures of his family. I definitely agree with you, that's over the line.

You made a good point by saying people forget that these victims are human. This is a reason I think revealing his address and what not is completely over the line; these people deserve to get theirs, but through financial justice, not a mass murder.

Exactly, justice by your own hands is a bit too harsh on this case... and his wife and kid did nothing.

some will learn that you have to think twice before exposing yourself on a public front in the crypto world. I agree max it's a shame some peeps are talking threats on his family when he is the only one involve in this however from playing with BTC on youtube showing off your wealth..peeps are learning to late that now it can become a dangerous world out there for them if shit hit the fan, that is reality.

Indeed.
Well, it was like this in the offline world, and it was only a matter of time until cases like these started appearing in droves here as well.

It's a good sign... people are waking up for this.

I'd agree on kicking him out of Steemit. I know the guy should be punished but if the family's included that is another story.

Building a community involves trust indeed. :) I'm happy I found a place I can have an extended family with. Love them all. ^^

I'm glad you've finally found your place, where you can be away to work and have nobody bothering you :p

Cheers!

scammers should recieve a shift dose of justice in the form of a curb stomp. pieces of shit.

Thanks for sharing this video. I'm GLAD to see the community standing against these bs promoters!!!!

So am I Chelsea!

I think going after his kids and baby is a bit much..

You think? :P

Great video thanks for the warning. We true Steemers gotta stick together. Thanks
Joy

I never liked the guy from the start, in fact. Shame that he damaged so many lives. :(

He now damaged his own.

The only thing I disagree about on here is your use of the word "retarded". Please refrain from using that word in future posts. Otherwise, I completely agree with you!

I disagree with your disagreement. Please refrain from using that argument in future comments. Oh, wait, who am I to tell you what to do. :)

It was a simple polite request aimed at not pissing people off in the future. I thought this was an inclusive community, sorry.

You flagged me? You dun fugged up good sir.

You were trolling and being a jerk for no reason. Now you're getting offended a week later? I don't feel bad.

They are predators. Hopefully they learn and adjust

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