Is Civic (CVC) a scam?
Several months ago I discover this project called Civic, a platform to secure your virtual identity using blockchain technology, or as they call it a "secure identity ecosystem", for me was a good idea that goes along to the needs of our technological advance present and the idea of our digital fingerprint. This project comes with a token with the same name, trade as CVC, in that time worth less than 20 cents of a dollar, one of those assets that seems so cheap that is worth the gamble just for the fun of the idea.
Today that investment is paying good because increased its value in about 500%, trading at $1.19 usd, but the news around this token does not come for the price but because it recently got listed on DeadCoins as a scam! The site has it on its black list for the following reason:
It is dead because Vinny Lingham only created it to earn back all the bitcoin he lost shorting bitcoin around $2000. He has not done anything with the development of the coin or its "features", which can be shown in its; ever since it got pumped and dumped after being listed on Bittrex.
So now I’m the middle of this situation that I'm not sure what to expect. I started looking for more info and news from Civic and the thing that made me a little skeptic is that after several months since the token sale was closed and reached a good financial goal the only tangible products is an app that I'm not sure how good is working. On December 30th they announced a developer program, after so much fuzz and support from the community and investors, it seems the company is going so slow to say the least. There is no roadmap or plan that can reveal what the future of this token and product is going to be, so I face the fact that is a very good idea but it might have a poorly development.
The question now is, is DeadCoins right about Civic? Or is it just bad publicity and lack of faith in the project?
Have you bought CVC? Any thoughts on this? Please share your ideas in the comments.
Thank you for reading.
Cheers!
I reckon that everyone expects things to happen a wee bit too fast in this space. Give these guys time to develop their product and hold tight for a year or two. It's the same with many other projects. As long as they have developers working on the product, then it will continue along the path. We know they have partnerships / collaborations out there already, so just like any other normal biz, give them time and they'll have many more. Rome wasn't built in a few months, it took years. If I were to distribute any advice to those interested in almost ANY of the crypto projects before our eyes, it would simply be, "Patience, young padawan. Patience." It may very well be 5+ years before these projects become mainstream. If you're hoping for a quick flip and aren't interested in playing the long game, this one might not be for you.
Exactly. We won't know if this is a shit coin until much more time has passed. They are competing with uPort to accomplish a similar goal so hopefully that will light a fire under their ass.
This article is a lie. Many Korean experts say Civic Coin is very promising and is becoming known to the public.
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-Hashflare (cloud mining bitcoin) https://hashflare.io/r/13062913-1 (i prefer it )
-Genesis Mining https://www.genesis-mining.com/a/2140766 (3% promo with this link)
and trading on Binance for altcoin https://www.binance.com/?ref=11789561 ! :p
made a lot this year :3
Truth might be somewhere in the middle. What we really need is a ZombieCoin category. My rule is the more lofty the goal, the more I look for evidence of tangible results and progress.
Question: How should civic compete against Google in this field?
Google is centralised, Civic is not.
It seems reputable enough
I don't know as of yet. It just seems to me like there are better ICOs out there.
Another question. Will Civic always run on the Ethereum network or will the create their own blockchain and transfer tokens there?