Swisscoin – bithole or shithole?

I am sadly obliged to use a quaint old “email” system. Of course I hate it like everyone else. It’s full of useless news or bad news. It demands attention. It wastes time. It’s as clunky as those old candlestick telephones we used to love. Remember them fellow gravebait?

On the upside, email does carry a kind of low-level entertainment called “spam”.

The prudent old fart allows a small trickle of spam to flow from the grinder for a taste of what’s titillating those with lower-levels of awareness.

Recently a bunch of earnest ladies with names like school teachers have been emailing me about the remarkable Swiss coin ICO that “has the support of the Switzerland government”.

Here’s the message in full…

Subject: ”Forget about bitcoin, there's a way better coin you can buy.”

Body: “It's probably not news to you at this point if I tell you that bitcoin has made tons of people tons of money. Something else you probably already know is that it will never go up like crazy again. Its time to shine is long gone. That's why we must look into what the next big thing is, and the truth is that there have been plenty over the last few months. Can you jump on the next huge one before it soars? Swiss coin {SIC} is the most likely candidate for a fifty thousand percent return this year. It has the support of the Switzerland government. It is already considered as legal in the country. It's the type of coin that you can buy a thousand bucks of right now, sit on for a small period of time and you could make out crazy wealthy when all is said and done. SIC has already doubled since Saturday. This long Martin Luther King weekend could bring you even more upside if you act quickly. For those of you who know what this means you can get it for under 50 satoshi right now. And if you have no clue what this means, it basically means that you can get in on the ground floor How do you get some? You just need an account at coinexchange. Read the currency's official page to find out more info: [link redacted but don’t worry I’ll go and have a look for you].”

So grab your ear trumpet and listen carefully, should we fogies invest in this marvelous offer?

NO!

But their website has a philosophy and ethical credo and everything?

NO! The philosophy is BS. The ethical credo looks like the work of the ethically challenged.

But? But? But?

Butt! The Swisscoin website has no founder bios, no team, no utility, no credibility. Swisscoin? Swisscon more like it.

Hey Swisscon “founders” Manfred Mayer und Horst Wefer, send me your ID, and proof of your existence and credibility and I’ll happily take this post down and apologise. I could also be open to a bunch of ETH (none of your Swizzcoin thanks).

Waiting….

Heed carefully my fellowatric geriatric… First of all, it’s generally a mistake (unless for scientific purposes like this guide) to respond in any way to spam. Hell does your mailbox automatically download images? Turn that off RIGHT NOW.

Even looking at spam can be dangerous.

So how about if you didn’t hear about Swisscoin via spam? Is it a good idea to invest.

NO!

I can tell you right now that Swisscoin is almost certainly shitcoin.

Oh it might flicker up briefly. But it’s likely soon gonna thunder down like a Matterhorn avalanche, after which its value, assets, founders and everything else will all melt away in the springtime sun.

Forget coins.

The smart greybeard and greybeardess seeks utility tokens.

A promising utility token will be tied to something of real value. Like the spare capacity of your computer (don’t worry, it’s safe, honest).

Or chips at a totally transparent even-handed casino.

The long-term action in crypto isn’t coin. It’s utility tokens. As we will see in posts to come.

DISCLAIMER: Opinion stated here is mine only. Manfred Mayer und Horst Wefer are invited to leave their opinions in the comments. Remember. Investments can go up and down. Especially crypto. And so fast that you can lose a fortune before you even realized you had one because the markets never close and presumably you need your beauty sleep. Oh BTW I may or may not have an interest in any enterprise or outright fraud mentioned here. Who knows, I may be even be pumping and dumping. Why the hell not? Currently it's all fair game in crypto. But that will probably change soon in many jurisdictions so keep reading this disclaimer coz you might actually learn something.