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Bitcoin MYK and BBD Dollars - Scams or Well Meaning but Confused? by revisesociology

View this thread on: hive.blogpeakd.comecency.com
· @revisesociology ·
$78.60
Bitcoin MYK and BBD Dollars - Scams or Well Meaning but Confused?
I first came across BBD coin on Hive-Engine because it was showing a > 1000 % price increase, so it appeared high up on my tokens list. 

I've since dug into this and maybe it's just me but I honestly can't see any validity in the coin at all, not least because the coin's creator @mykos is manipulating the price of his own coin by buying and selling it to himself and then using that recently manipulated price in his promotional videos about his project. 

![Screenshot 2021-10-17 at 17.03.51.png](https://files.peakd.com/file/peakd-hive/revisesociology/23tHbYGcewfCM5UpRpAgDd2SY4ChmMVj8Vgj81Ss9FhkfibmKiCiP3fNMneZ77BHBYHgf.png)


You can see through using [Hive-Engine Explorer](https://he.dtools.dev/@mykos?page=3&symbol=BBD) that he is the main buyer and seller of it (to himself). 

### The BitcoinMYK Website

I followed the link to his [external website](https://www.bitcoinmyk.com/) from his profile, which seems to be a blog interface through which people can post, and earn BBD and BTMYK - TBH I can't tell which, and the price feed for BitcoinMYK takes you to BBD coin on Hive-Engine when you click it, which doesn't instil confidence in either of these Hive-Engine tokens. 


![Screenshot 2021-10-17 at 18.53.09.png](https://files.peakd.com/file/peakd-hive/revisesociology/23xAwGkTRbFBwVcEhwyMbndb6jtnvRVNHYjc44ApwFay5BwQ6juuXtTPEKbmMLn6Zjois.png)


It's all very unclear what the focus of these two coins are and a bit of a confused mess TBH. 

There is some attempt to link with Hive - the 'wallet' button directs you to downloading Hive KeyChain, but NOWHERE is there explicit mention of Hive on the blog, as far as I can see. 

In fact the [whitepaper](https://www.bitcoinmyk.com/white-paper/) obfuscates the nature of the two coins - it states that BitcoinMYK is a 'fork' of Bitcoin, but as far as I can see BitcoinMYK was just created by @mykos on Hive-Engine, so that's technically incorrect. 

And there is some other information in the WP about how BitcoinMYK will collect value and something about Universal Basic Income too, I read one fanciful post a while back suggesting silly price predictions from BitcoinMYK, which would take a miracle to realise given the very limited interest shown in it so far. 

There are stated plans for the coin based on future advertising revenue, but I honestly can't make much sense out of what he's saying. 

His figures about the future value of his coin are just pie in the sky, but what's worse is that he seems to be basically scamming the price and misleading people on his website about the current value of it - by manipulating through low volume trades, as far as I can see.  

NB in case you're thinking 'maybe this project is beyond my limited intelligence', no, I know I'm very intelligent, but I also know there are plenty smarter people than me that operate at a higher level which I struggle to follow - I met PLENTY of them at SF3 and 4. 

@mykos isn't one of them, most definitely not, I just can't tell whether this is a genuine effort to construct something valid that is just confused or an outright scam, it's one of the two. 

Maybe he's scamming himself without realising it? 

Either way, if I were you I'd steer well clear of these coins! 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@revisesociology/bitcoin-myk-and-bbd-dollars-scams-or-well-meaning-but-confused)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 364 others
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vote details (430)
@barski · (edited)
$0.36
Thank you very much for analyzing the transactions of this fraudster).
As the owner of three million coins, this should have scared me, but I think there are two sides to everything.
I have nothing to hide, I have already recouped my investment in this coin a long time ago and, in fact, it is 3 million free coins that are waiting to be sold.
But, Mikos, climbs out of his skin to get his coins out of the wallets of the coin holders.
This may be a mistake and your version is more accurate, but for those who have been dealing with this coin for a long time, everything appears in a different light.
Indeed, it is difficult to communicate with him and he has already made me very nervous several times, very strong lol.
Perhaps the lowering of his reputation and the lack of profit for his posts played a bad joke with him, I do not know, but I will wait, he knows that I will not sell coins below one dollar.
His rehabilitation directly depends on the beginning of transparent tori in the market and real care on his part about the reputation of the coin.
Even if my coins are worth nothing, it was a good time lol.
👍  
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vote details (1)
@revisesociology ·
$0.16
Well if you've recouped your investment that's a good thing, but I personally can't see any validity in this project. It's just a bit all over the place! 
👍  ,
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vote details (2)
@barski ·
There is such a saying: we do not know what is a blessing for us, and what is for us ... a curse) You can get confused and go down the wrong path, time will tell, coins are not covered with dust, but I do not advise anyone to invest in this coin , I did it a long time ago, when it sold well.
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@codingdefined ·
$0.22
looks like a Pump and Dump coin, but have to dig into the whitepaper to see what exactly the coin is.
👍  
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vote details (1)
@mykos ·
pump and dump means the value is not really what it was.. we got alot of accounts and investors and media outreach affiliate programs and ad revenues so idk at the very least i'd say it would require an audit. now as far as market value like in what you call a market i don't go by that. i think its ridiculous.. low liquid it's not a good true method to value our project. maybe some of you guys.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@mykos/re-codingdefined-k4j4b)
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@revisesociology ·
$0.18
Please, if you can make ANY sense of the white paper, any at all, do let me know! (You won't be able to!) 
👍  , ,
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vote details (3)
@mykos ·
tell me one part of the whitepaper made no sense? lol

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@empress-eremmy ·
$0.23
Well haven't come across it before this post...now I care even less
👍  
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vote details (1)
@mykos ·
empress that's what i told the author he further promoting what he believes is a scam. had he been quiet you wouldn't even know or maybe someone else finds out that may have not known lol

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@mykos/re-empress-eremmy-3xpww)
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@revisesociology ·
I think that's a good attitude to have to this project! 
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@mykos ·
you should give people on hive a little credit. what they morons? they not smart enough to research a project on their own. and no profits and gains don't speak to the quality of a project. many good crypto projects out there doing great things people don't make money in.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@mykos/re-revisesociology-4bzswc)
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@hivebuzz ·
Congratulations @revisesociology! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

<table><tr><td><img src="https://images.hive.blog/60x60/http://hivebuzz.me/badges/postallweek.png"></td><td>You have been a buzzy bee and published a post every day of the week.</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@revisesociology) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>


To support your work, I also upvoted your post!
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@meesterleo ·
1000%!! Now that's what I call GAINZ! ;0)

That's what lasse does too, isn't it? To keep his mad tosscoin up in value

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@meesterleo/re-revisesociology-6a9ck9)
👍  ,
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vote details (2)
@mykos ·
lasse does it but it's dumb because lassee is a for profit network.. we do it because we're a nonprofit network but he too dumb to understand that lol.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@mykos/re-meesterleo-ql4mt)
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@revise.leo ·
Madd tosscoin, now there'a a phrase I LIKEE! 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@revise.leo/re-meesterleo-6eh3b4)
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@mykos ·
Well i think coming into a cryptocurrency project thinking it's a scam first of all is a really good idea. i encourage everyone to do that. in fact i encourage everyone not to buy cryptocurrencies period. So i presented a few videos here. The first video is entitled 



Why Using Hive Makes You Consent in Crime and Criminal Activity, DPOS Failed

Done by a youtuber with over 1 million subscribers.

https://www.youtube.com/watch?v=nWHm-ifMSkE



the second video is entitled:

The Great Steemit Debate: Tone Vays vs. Jeff Berwick "Ponzi Scheme or Paradigm Shift?"

where tone vays pretty much proves it's a ponzi scheme


https://www.youtube.com/watch?v=L9PWO8flSp4


Last video where professor Karl Widerquist speaks at a UBI march.

Karl Widerquist Speech - UBI - March - Andrew Yang

https://www.youtube.com/watch?v=-eitVFlw3tc


So i'm with you 100% don't buy this cryptocurrency. if you buy it. Then it probably means you're a greedy speculator trying to make money off an asset. So i'm not going to be long in these conversations this time because i know  at this point people aren't going to listen to you anyway except the people in your inner circle who will listen anyway which is why hive is a 200 place coin and not a top 100 coin.

However i would say your observtion under normal circumstances would be correct that the value is manipulated if we weren't a free coin that functioned more like a nonprofit. For example you used some currency today. Your goal was to exchange it not to profit from it. if you profit from it then it behaves more like a security. What's the problem with that?  Well most cryptos would fall under unregistered security which is illegal.

I've worked on wallstreet and worked for the top investment firms in the country.I can you tell you that you guys are clearly either an unregistered security or dangerously close. Now for me it doesn't make logical sense to wanna own a business or product over the blockchain that would be enforced by whom? however a currency makes sense for many reasons i won't get into right now.

Our entire project.. it's function it's funding everything is structured in a way you don't buy the crypto and it acts more like a currency. Even if you don't buy it will still have value and people will still sell it for something. THe system was designed this way. It's based on metcalfe's law. So i agree with you don't buy it. We don't need you to buy it. If we needed people to buy it the project would be down a long time ago.

Let me ask you a question? the last video i presented you. People going to ubi marches all over the country? What is their payment for that? what is their profit? if people can make this a life goal and advocate ubi and not get a single dime for it. You think i can't do the same? in fact it's easier for me to do it this way than get out in the rain sleet and cold.

So i consider this a privilege but i will say this. If your main concern is profits and money over freedom which is what ubi would provide to most citizens. then yes by all means stay away from this project.. but i will still send it to your wallets and it's nothing you can do about that but give it away or deny it lol. This not about money for me never was. The ubi autocuration system. The ubi program whether i profit from it or not doesn't make any difference to me. On top of that the system was created and built before any single person even considered buying the coin and many have bought but in addition to that.

I'll tell you another secret i got enough funding to run the program for 100 years without one dime. Now i don't care what happens in the market to me however you all price the values of your cryptos is your problem not mines. Go profit in your businesses or whatever they are on the blockchains those unregistered securities but i will say this. A free currency everyone trades and has the value they believe it should have is what will create the most impact. We know social networks can create value and users can engage in them free or nearly free and get benefits. i don't need to sell you a cryptocurrency for that to be so.

So if you're not ubi advocates go back to your ponzi schemes. it doesn't make me any difference i know the overall goal is a currency that sets men free not more ponzi schemes and businesses on chains that shouldn't be on the chain because they dumb noboby can enforce them for it to be mean anything lol. or the currency has to be accepted and enough wallets to really truly mean anything and you all will never achieve that. only through freemium services

Now if a nonprofit organization writes you a check for whatever cause. does it matter if the president or whoever wrote you the check. no.. we're not a business. we're a ubi program. the cryptocurrency is based on the network size and wallets and transactions with the social network helping to push that along. you can earn as much free as the people who buy it. i don't care about what happens to the buyers.. who cares.. i don't care about pricing us in hive or anything else i  care about network reach under metcalfe's law you all can have the smoke and mirrors of the market. now this may fly over yoru conclaves head.. who cares we're on bitcoin cash..waves.. bitcoin satoshi vision, soon ethereum and cardano as well as ripple. cctipsswap. we have many counterparts to this coin. hive is one blockchain with one narrow viewed group of people not everyone on hive but enough to keep it a 200 place coin.

we have a social network don't you all understand we'll produce value even without token buyers the entire idea is to give you free coins not you buy them. what ubi program works any other way.. just think folks.. and if you think it's a scam earn it free sell it free see if you get anything for paying absolutely nothing and if you didnt think we were a threat would you keep writing about us? nope you write about us because deep down you afraid it makes more sense than your ponzi scheme that wont last anyway because i'ts a house not built on a solid foundation which is why dan larimer left and ned scott.

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@tarazkp ·
>Maybe he's scamming himself without realising it?

https://www.youtube.com/watch?v=ub8IhJPrdNw

Honestly, I don't think he has much idea of what he is doing in regards to much of anything. But most of what he writes in comments I don't read, since it is predominantly gibberish. Maybe he is just communicating on another plane of existence?

A fork of Bitcoin would require miners.

Ah no... I get it. It makes sense. He forked the Bitcoin *name.* 

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vote details (3)
@mykos ·
no it means all bitcoin holders get it in relation to their bitcoin. in some definitions of forks it just means any coin that inherits the bitcoin ledger.

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@revise.leo ·
In other words he's mad. 

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@tarazkp · (edited)
Or of an intellect of the like the world has never seen.
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