From Friday in the park I recorded this. I’m more convinced than ever that “reporting restrictions” on UK court cases are disproportionately applied and enforced for Jihad rape gangs. There is no quantitative data on this because, despite recommendations to the contrary, the UK Government refuses to set up a central database of cases with reporting restrictions. It was confusion over what specific restrictions were in place in Leeds that led to Tommy Robinson’s conviction on at least one of his counts.
After six months, everything was falling into place. We had DNA proof. We had detailed statements. Amber had identified eight abusers in her very first video identity parade and would soon be picking out the rest.
So why was it, then, that when I delivered all this spectacular news to my bosses, I sensed something wasn’t right?
They should have been ecstatic. Instead, it felt like someone had died.
As I pondered over this, a senior officer turned to me. ‘Maggie, let’s be honest about this. What are these kids ever going to contribute to society?’ he said. ‘In my opinion, they should have just been drowned at birth.’
Andrew Hamilton wrote this, it needs to be more widely disseminated. It directly refutes the malicious terms and conditions Facebook put into action when they banned cryptocurrency (and associated blockchain projects) from advertising online in January 2018.
I’ve been running @jpbliberty‘s Class Action Lawsuit against Facebook, Google and Twitter’s Crypto Ad Ban for over a year now.
The one objection I hear most, including from people in the Crypto Industry itself, is: “But there were so many scams”. I’ve heard people saying that over 80% of Initial Coin Offerings (ICOs) were scams.
Well ITS A BIG LIE!
And one that was used by Facebook etc to cover their own illegal conduct.
I’ve done a detailed investigation of this issue and found that the level of scams in late 2017 / early 2018 was quite low and most Crypto Projects and actual ICOs were legitimate.
The allegation that most Crypto Industry projects were scams and billions were lost in ICO scams is patently false and lacking in any real evidence. ICOs were just a new way of startups raising money from private investors which has gone on since the dawn of investing.
It is mostly just 3rd hand hearsay and trolling of competing projects. The number and value of actual scams compared to the size of the crypto industry is small.
Out of $489M in scam losses only a tiny percentage (1.25%; $6.1M) related to cryptocurrency in any way.
Of that 2/3rd were just other scams asking to be paid in cryptocurrency. Cryptocurrency investment scam losses were less than half a percent of total losses ($2.1).
Most of those were just impersonating cryptocurrency projects. Twice as much losses were from scams impersonated the Australian Tax Office!
I have not been able to find a single example on the ACCC’s scamwatch site of an actual cryptocurrency project ICO which was a scam.
Compared to the size of the Crypocurrency Industry, even in Australia, the percentage of scams is very low.
Huge numbers of legitimate Crypto projects
This is an amazing infographic (source) showing a huge number of legitimate cryptocurrency projects competing with the existing tech players in every area. I did not put this together, but have looked into many of the projects listed and have not found a single scam.
Big Lie comes from one flawed report
Tellingly for a Big Lie, all the news allegations about a very high percentage of ICOs being scams can be traced back to a single flawed report by a group called Statis.
I don’t know who they are and they have no official status. But under the terms of their own report they classified Reddit posts about an ICO that other people said was a scam as an ICO scam. They also admit the vast majority of money lost on so called ICO scams was in just 3 scams. Thus they vastly inflated both the number of ICOs and the number of scams based unverified, defamatory hearsay and trolling. Anyone can say another project is a scam. It doesn’t make it so.
Failed projects are not scams. 95% of all tech startups in all areas will fail. That is the nature of innovation and capitalism.
An ICO in late 2017 / early 2018 required smart contracts to be set up on the Ethereum (or other) blockchain. A simple Reddit post does not constitute an ICO. And other people calling it a scam on social media doesn’t make it one. The level of unjustified and defamatory attacks on other projects in the Crypto Industry is high. It is not evidence of a real scam.
The technical requirements for actually sending money to an ICO and receiving ICO tokens during late 2017 & early 2018 were pretty high and certainly not for naive investors.
Having purchased or mined Ethereum (ETH);
Sending the ETH to your own cryptocurrency wallet;
Sending ETH from your own wallet to the ICO wallet.
No one without a decent understanding of Crypto could even work out how to do this! So the people who lost money in real ICO scams knew about crypto in detail and were, in that sense, experienced investors.
I note here that because of the very large amounts of money which early crypto true believers made and were looking to reinvest, the huge numbers of projects available to invest in, and the practical limitations on individual investor’s time, the strategy of just putting some money in everything your heard of, without doing due diligence, was a legitimate investment strategy.
Yes, you might lose some money to scams, but it made sure you had money early in the projects which would be hugely successful and make up for all the other failed and (few) scam projects. This is the essence of the entire venture capital business model. If you want a safer investment, invest in companies that are regulated and on the stock market Enron or Bear Stearns (oh… wait..)
So this is the BIG LIE which Facebook used to cover its own illegal banning of all crypto industry ads on 30 Jan 2018.
You can join the fight in two ways, you have a no win no fee claim or you wish to help finance the case.
But I cannot conceal from the reader of this truthful account that as I went to bed at about 3 A.M., I was conscious of a profound sense of relief. At last I had the authority to give directions over the whole scene. I felt as if I were walking with Destiny, and that all my past life had been but a preparation for this hour and for this trial. Eleven years in the political wilderness had freed me from ordinary party antagonisms. My warnings over the last six years had been so numerous, so detailed, and were now so terribly vindicated, that no one could gainsay me. I could not be reproached either for making the war or with want of preparation for it. I thought I knew a good deal about it all, and I was sure I should not fail. Therefore, although impatient for the morning, I slept soundly and had no need for cheering dreams. Facts are better than dreams.
I’ve opened this site up for user registrations and comments directly in WordPress and activated the brand new SQRL log in system developed by Steve Gibson of GRC and much discussed over the last six years on the Security Now Podcast on TWIT.
UPDATE: if you want to leave a comment with your name and an avatar (instead of the SQRL user-NUMBER) you’ll need to FIRST set an email address, go through the verification loop of that, then you can give yourself a nickname and chose that as your display name. Your Avatar will be pulled from the Gravatar site according to your email address.