Finance News
By Ayobami Abiola
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Vitalik Buterin, co-founder of Ethereum, in a reply to Forsage Asia, on August 11th via Twitter, has revealed his disapproval of the project’s methodology and asked them to leave…
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“They fight against you because you are a liar. Most users of this kind of project will not make money, but will lose a lot of money.
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This revelation came as a reply to Forsage Asia’s post about a report from BitcoinNGA about SEC in the Philippines warning the public against Forsage and other Ponzi schemes and…
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Forsage Asia also replied Vitalik Buterin stating that Ethereum itself is like a whitewashed wall profiting in transaction fees from countless projects that were built on it:
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“You wash yourself white! The large-scale emergence of the project brought the prosperity of Ethereum.
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Forsage brings funds in for its members based on a multi-level marketing strategy. New members pay old members via smart contracts and the cycle goes on and on.
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Sydney Ifergan, the founder of The Currency Analytics news platform also stated in a tweet: "Regarding Vitalik / Forsage, Investors should take time to read and triple check any…
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It is advised that people do thorough due diligence and watch out for red flags when they seek or are invited to make any form of investment.
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All quotes were translated using Google Translate
The Currency Analytics
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