DMYF, Scams, Signals

Warning! New Dogecoin Ponzi Scheme!

A site promising 1 free Doge per day… As usual, Dogecoin address enough to “take part”… Remember lessons of the past!!!

 READ OUR OFFICIAL ANNOUNCEMENT

Faucet News, Faucets, Scams

URGENT: MyDoge Dogecoin Faucet – Scam?

Q: “MyDoge is not paying out…”

A: MyDoge is a VERY dodgy faucet.

What we know:

  • It infects (at least – used to) your browser (or tries to) with a mining script (symptoms: computer slowing down, fan going insane, overheating, crashing). Browser only, hopefully. And mining-only.
  • Experiencing something of the sort?1. Clear browser cache, carefully look through extensions (Chrome is specifically vulnerable), make sure the browser is up to date. Better yet – uninstall the browser altogether, run a system clean software to get rid of whatever’s left over and re-install.
  • Pick a good browser. Antivitus, malware scans won’t hurt. 
  • Every extension  = potential vulnerability.
  • Check registry/startup items.
  • Fauceting is risky and faucetimg using your Admin account is 10x more risky.

Hopefully your device was not infected, but “not paying out” might be the least of your worries when MyDoge is concerned.
Continue reading “URGENT: MyDoge Dogecoin Faucet – Scam?”

Guide, Scams

DogeMoon.cc & Co. – How to Spot a Scammer

To us, it was 100% evident that DogeMoon is a scam. We have reported anything to do with DogeMoon with bitter sarcasm… Yet, we have, ourselves, “invested” a significant amount of Doge in the fake operation to demonstrate our personal involvement in the cause and to be able to reject accusations of bias.

Though considerable, the “investment” was discarded as a loss, from the beginning. There was nothing exceptional about DogeMoon; we will invest actual funds acquired from faucet activity in reviewing Eobot (the only cloud mining platform which yet has retained a legitimate reputation), the Luckygames online cryptocurrency casino, etc. However, reviewing every scammy service out there is beyond what we can afford, is quite boring (they are all the same) and would be a constant repetition.

There are basic rules to follow when deciding whether a service is a scam or not:

  1. If it seems too good to be true, it probably is.
  2. A history of payouts means nothing; even if the payouts are real, the nature of Ponzi schemes implies that the first users are paid.
  3. Advertised on a legitimate service? It does not matter. Cointiply advertises scammers all the time. Whatcha gna do?
  4. Registered company? Registered address in the UK? Warning bell, if anything. Extreme secrecy and extreme openness are equivalent. Registering a company in the UK costs about £15 and takes about 15 minutes. A registered address for a company also costs nothing compared to scammers’ profits.
  5. Social media presence means nothing. Twitter and Telegram groups/accounts appear and disappear. Sue them.
  6. Take Freebitcoin‘s annual interest paid to you as a benchmark; 4.08% annually paid to you for an investment is about how much you can safely expect to receive for clicking “send” and doing nothing. 5% a day? Warning bell!
  7. How long does the website exist? Years? Months? Weeks?.. “Since 2015” = good. “12 days…” = sign of a Ponzi scheme.

Stay safe.

Markets, News, Scams, Signals

DogeMoon.cc Scam, General Warning – Your Doge are at Risk!

dogecoin price
Source = Freedoge

Just yesterday we wanted to warn that, despite the changes of the price of Dogecoin, Dogemoon.cc “faucet” did not react and pretended to pay out the minimum amount which did not change.

Freedoge.co.in slashed their minimum roll win from 0.22 to 0.09, Moondoge (MoonDoge.co.in is a legitimate faucet which has nothing to do with DogeMoon.cc!!!) have also reduced the speed of gathering Dogecoin by more thant half, while DogeMoon.cc did nothing. It was a clear warning bell, but we have warned our readers so many times that we decided that it was unnecessary…

To all those, who have invested their Dogecoin in Dogecoin Cloudmining services = NOW IS A VERY TEMPTING TIME FOR SCAMMERS TO MAKE A RUN FOR IT WITH YOUR INVESTMENTS.

Dogecoin is inflationary, which means current price rise is exceptional and cannot last forever. Hence, we sense many cloud mining sites shutting down.

Coins, Important, Mining, News, Scams

DogeMoon scammers = closed.

Surprise!

DogeMoon.cc
As we expected, predicted, warned, explained… DogeMoon.cc were proven to be scammers.

We are happy that, unlike TeslaMining, our Review (READ: DogeMoon” Dogecoin Cloud Mining Investment – Review (part 1) ) was persuasive enough to discourage the registration of referrals, despite the presence of the referral link.

Why did we insert the referral link, if we did not want users to register on the scammy criminal operation? 

To test the extent to which our readers trust our warnings.

DogeMoon = Scam.

Be careful out there.

Buying Cryptocurrency, Coins, Editor's Choice, Faucet News, Faucets, Featured, Guide, Signals, Tokens, Trends

Coinpot Token’s Worth in August: Conversion Rates, Fiat Value… Future Price?

coinpot token what is it worth how much can i get for coinpot token whats coinpot token price cab i sell coinpot token for fiat coinpot token hold or sell

1. Introduction

SOME BACKGROUND: Coinpot.co rewards its users with Coinpot Tokens

Coinpot Tokens represent an undervalued feature of Coinpot.co. Rivers of time have flown by a since mysterious Token’ Balance appeared on or dashboards, yet do all active Moon faucet users utilise full earning potential of the automatically and generously awarded bonus?..checkcoinpottokenbalance

a. First things first

If you are a dedicated faucet user, think of all sources of income the faucet offers to you holistically. It would not be a bad idea to apply the same frame of mind to all faucets you are active on. Should you wish, create a formula, even if only an image of, for yourself, taking into account factors such as the following (example):

A 88 satoshi roll on BitFun (if you leave an hour or two between visits/claims) earns you 0.00000088฿ + 3 Coinpot Tokens.
A 3 satoshi BitFun roll (if you make a roll three minutes later) adds 0.00000001฿ to your Bitcoin Core Balance …+ 3 Coinpot Tokens.

Calculate how many BitFun claims alone would it take you to “farm” 100 Tokens (we will mainly refer to CTs by the 100s for simplicity).

HISTORICAL NOTE“Are the tokens related to a future ICO”, we asked ourselves as we first saw the Token logo? Coinpot administration is notoriously secretive about its intentions, plans and innovations…
No, Coinpot has not publicly announced an ICO. Does that put a cross on an ICO happening? “Never say never”.

b. So… What is a Coinpot Token?

“Coinpot Token” is much more than a merely fancy name for a “Reward Point”, like that offered by Freebitco.in (which we we recently dedicated an article to).

READ: Freebitco.in: TRIPLE (3x) Reward Points Promo: 37 Hours Left. Edition Includes a Complimentary “How to Register an Account on Freebitco.in” Guide and a Reward Points How-To

Both bonus systems are great. FBC’s Reward Points are exactly what their name stands for: you are rewarded for your loyalty to FBC by points per hourly roll. Save enough, redeem them for, say, the latest iPhone or a Samsung model.

Allow us the liberty to define Coinpot Tokens as the multi-currency wallet’s value-exchange system’s units. FBC’s Reward Points are barely affected by the state of the cryptocurrency market.

CT’s are. However, since Coinpot Tokens are not directly available (ed: in their original  Token form) publicly, are not (yet?) traded on an external cryptocurrency exchange and can be accessed and/used directly only via Coinpot.co, they can be mined (wtf sic!) and on the wallet’s dashboard, Coinpot Token balance looks like just like, say DASH, balance. How much does an average microwallet user know about DASH, its history, investment potential, differences and similarities in comparison to other coins? How much does an average mictowallet user know about the investment potential of Coinpot Token, its value, worth, price, whether to HODL or sell? Is it safe to sat that the potential for new users’ confusion is understandable?..
coinpot token dash coinpot token value coinpot token price coinpot token sellhow much dollars coinpot token how to sell coinpot token for fiat fiat coinpot token what is coinpot token

c. Important: Cryptocurrency Games of Chance, Lotteries, Dice…

If you think Coinpot has granted users a free bonus which you can use for gambling, instead of withdrawing your earnings to test your luck elsewhere, you are technically right. A typical cryptocurrency faucet’s “innovation” is aimed at  keeping the funds within the faucets (away from your personal wallets), under any “for your own good” excuse (Cointiply’s farce of a “Premium Account” is a prime example).

Some offer of a wat to “multiply your earnings” is just a classic. Keep in mind what you came to the faucet for: making a few coins. Learn about cryptocurrency. Whatever it is, we would recommend following the simple rules.

* Payout (money earned from fauceting): good.
* No payout (postponed payout, delayed payout): bad.
* No payout because of your choice to test your luck/purchase a useless trinket… Your choice.

Remember that you can either play some hi-lo game or take part in some “probably fair” faucet lottery, lose and, – congratulations! – your time, activity, efforts, hopes and aspirations represent free money for the faucet owner.

WARNING: Unless you are totally confident you have knowledge of a guaranteed winning system, proven itself over and over, we believe that spending currency earned on a faucet internally is one of the top-5 fuck-ups mistakes a faucet user can commit, – should you fail to win, especially before making a single claim…

We do not endorse gambling, however if that is your interest anyway and you play responsibly, consider doing so at a specialised website.

Here’s why:

A faucet which offers some gambling options is reviewed as a faucet, classified as a faucet, SEO’d as a faucet. Everything else is a side-biz. An online crypto casino’s main business is Bitcoin/Dogecoin/Whatevercoin Roulettes, Dice, etc.

cryptocurrency casino crypto casino free crypto casino
Disclaimer: We are not promoting Luckygames, we are mentioning the multi-currency online casino because there is no deposit required, it features a faucet for its internal currency which can be used to win real prizes and it is currently under DMYF review. The review will be honest and unbiased; as to why we are referencing it, – simply because we only refer to resources we have tested out first-hand.

cryptocasino no deposit
If the “dice are loaded”, even if the casino’s website has an in-built faucet (like Lucky games), if the users lose too often and win too little, they will bring the website’s ratings down. Hypothetically, if the roulette spins red 20 times in a row as soon as your winnings exceed a certain amount…

Remember the “no such thing as bad press” expression? Or something like “the only thing worse than… …is not being spoken about”?  Bad press which leads to a decline in the amount of visitors, resulting in lower revenues and companies all-of-a-sudden having to pay money to search engines to stay afloat? That hurts them more than your vicious Trustpilot one-star fatality, three-post-long thread on Bitcointalk, or even than a negative review on an up-and-coming  boutique independent media resource such as DMYF (aka or a wtf-is-this-design can’t-even-afford-a-domain wordpress-hosted blog-about-some-shit-noone-cares-about)!

d. Back to CT: Coinpot Token’s Value: Currency Conversion

coinpot token price today

Disclaimer:
*exchange rates are not fixed and are subject to change, often multiple times a day.

*Coinpot.co charges 0% conversion does not charge a commission for currency conversion, full stop. We only wish…
*Conversion is instant (how important that is is a question one must answer himself).

For the purposes of multi-part in-depth review we decided to compare the exchange rates over the course of few days/weeks. The snapshot of the figures below has been taken early last weekend. The rates will “catch up” in the following articles.

Having a feel-good stare at a multi-thousand Coinpot Token balance is nice and cozy. However, should one need immediate access to funds, for whatever reason, a natural question is: what can I get for my Tokens now? What is the Coinpot Token’s actual value today

NOTE: The asset’s liquidity should always be taken into consideration. Within hours, even a thousand or two Coinpot Tokens can be in any wallet their holder wishes them to be, performing whichever function their holder wishes them to perform.

Downsides? Potential for impulsive decision-making leading to erroneous choices, “quick” usually means “expensive” etc.
Upsides? Opportunities too good to miss, premonitions, etc.

Should you have chosen to think of your Coinpot Tokens’ current value…

…in Bitcoin: CT to BTC conversion rate was 0.0000000135. 100 Coinpot Tokens converted to 0.00000135฿.
…in Bitcoin Cash: CT to BCH conversion rate: was 0.0000001380. 100 Coinpot Tokens converted to 0.00001380 BCH.
…in Dogecoin CT to DOGE conversion rate was 0.0341752587. 100 Coinpot Tokens converted to 3.41933771 Dogecoin. (!!!)
…in Litecoin. CT to LTC conversion rate was 0.0000012920. The LTC value of 100 CT would be 0.00012928 Litoshi.
…in DASH. CT to DASH conversion rate: was 0.0000004724. 100 Coinpot Tokens could have been converted to  0.0000004724 Duffs.

Ignoring the highlighted Doge, what would you convert your 100 Tokens to, given the exchange rates?..

e. Now, the fun part: What is a Coinpot Token worth in fiat (USD, EUR, GBP)?

We believe we discussed the difference between “price”, “value”, “marker value”, “perceived value”, “potential value”, the factors such as consumer trust ratings, liquidity, predictability and real-life utility in relation to the Token in the past.

READ: Coinpot Token Price – What is a Coinpot Token Worth?

If we have not, please comment and let us know.
If we have missed something, please comment and let us know.
If you spot a mistake/typo, factual error, please comment and let us know.
If you have a Nobel Prize for Economics, please comment and let us know, – we would like to ask for your autograph. And ask a question or two (hundreds).

In a nutshell, a Coinpot Token’s actual worth is determined not only by a supply and demand, the quality of both supply and demand, but also by such trivialities as the future of Coinpot, the perceived future of Coinpot, whether any future plans  exist, conversion rates, liquidity and performance of all five currencies featured on Coinpot, transaction time, fluid things such as market sentiment, state of cryptocurrency market at present, etc. News, fake news, interpretation of news, degree of stupidity of CNBC those reporting the news… You name it.

I. e. Some second rate random exchange no one ever heard or cared about gets hacked, millions of some random crypto no one ever cared about get stolen, this hits the news?.. Bad. Some crypto is still traded on Binance while its creators are already in handcuffs for fraud?.. (this is why DMYF hates cryptocurrency scammers with a passion). Bad. Public fails to realise that Google’s “ban” on advertising ICO’s is good? Bad. 

In any case.

I. e. you purchase X Satoshi for Y Coinpot Tokens today. Yet, a little bird reliable market indicator signals that whereas TODAY one Bitcoin could be both purchased  and sold on a variety of an open markets, taking into consideration all possible fees for circa $6678 USD, tomorrow the BTC/USD pair will trade at around $8500.
Question: if you can somehow quantify the statistical probability of the price hike, how does that affect an estimate of what a Coinpot Token is worth relative to fiat* TODAY?

The question is hypothetical.

What is a Coinpot Token worth in fiat? Do the array of calculations of selling the Tokens, withdrawing the crypto of your choice, selling it for fiat, fees, fees, fees.

What a Coinpot Token’s price in fiat is also heavily determined by having a plan; not only what is the best crypto to convert the Token to and the most expensive to sell for.

That, and more will be covered in the next part of our Coinpot-related set of articles.

Have a great weekend!

Bugs, Faucet News, Faucets, Featured, Guide, News, Scams, Signals

COINTIPLY website down?

Cointiply Website responds with a “certificate error” when you try opening it. Is Cointiply down?

Safari: 
cointiply down cointiply legit cointiply scamBrave Browser:

cointiply scam
Opera:

coinriply minimum payout
etc.

So we said “Hey! What’s going on!”

Opera allows us to “continue anyway”, which lets us open Cointiply.

Ergo, Cointiply is not down. According to the “News” section…

cointiply legit or scam
Cointiply “had problems with their SSL certificates”. Whether you want to trust them or not is up to you. We do not trust anyone by definition. A SSL problem is fixable in a matter of days at most. A “technical issues” excuse is a century-old trick that online businesses use to avoid paying you.

Q: Is Cointiply legist or is Cointiply a scam?

A: So far nothing indicated Cointiply being a scam. However, a security error which scares visitors away and which appeared around the time when people have reached their payout thresholds…

Cointiply

We do not think Cointiply is cashing out and shutting down, but the certificate error is a warning bell. We clearly remember what was happening with CCRB website when the time to pay their customers (they never did, of course) came, – at one point, their “portal” was reduced to one (!) page which screamed “buy our tokens!”.

Q: Can Cointiply just “disappear”? 

A: Hell yes. Tesla Mining even had a registered company address on their website (buying a mailbox for business purposes costs almost nothing in the UK, – NEVER be fooled by a “London address”). Then Tesla Mining just disappeared, going on a summer holiday along with your “investments”. Do you know where Cointiply is based? (we do) When we asked Cointiply a simple “where are you based” question, they have given us a rubbish “anonymity” answer.

We are not saying that the faucet will disappear. What we are saying is that a persistent security issue is not a good sign.

P. S. We have contacted Cointiply asking for some clarity in the matter. We will keep you posted. For now, do not purchase their premium account and consider reaching for a withdrawal. Do not give up and do not let a faucet win, – always make them pay you for your time.. At least once.