The Red Pill Coin Is A Scam - MGTOW

In this video I break down my thought process in how the Red Pill Coin cryptocurrency is a scam. Learn features of a legit ICO as oppose to what these guys are doing.

Red Pill Coin Website
https://redpillcoin.com

Red Pill Coin Whitepaper
https://redpillcoin.com/PDF/whitepaper.pdf

Red Pill Coin General Comment Thread
https://bitcointalk.org/index.php?topic=2388595.0

Patreon
https://www.patreon.com/ground....work_for_the_metaphy

Paypal
https://www.paypal.com/cgi-bin..../webscr?cmd=_s-xclic

Script
http://www.gftmom.com/portfoli....o-item/the-red-pill-

Hey Everybody, Marcus here,

I have never involved myself in youTube drama nor do I any particular desire to start. However, there have been a number of incidents where this community of ours has been fleeced of money; whether or not the intention of those doing the fleecing was there from the start or it just played itself out that way, the fleecing took place nonetheless.

One example is MAYOR OF MGTOWN. MAYOR OF MGTOWN raised around 7 thousand dollars from my recollection to run a homeless outreach project. He did follow up to a minor extent but nowhere near did he supply evidence to account for all the money he raised. The last video he put out that related to that money had the MAYOR showing us land that he bought in some desert with some vague allusions to it being devoted to MGTOW or something silly like that. Ultimately, though the MAYOR seemed to have good intentions, he failed miserably in execution which ultimately resulted in the same outcome as if he were running a scam from the start.

The same scenario occurred with Barbarossa. Barbarossa raised several thousands of dollars in order to fund the writing of a MGTOW book which he ultimately has yet to deliver after 2 years. In fact, Barbarossa has completed stopped creating content altogether. Though I do not believe Barbarossa was running a scam, the outcome, again, was very much the same as if he were.

The point is that both these men demonstrated moral failings sufficiently egregious to warrant the accusation of scammers even if those accusations may not accurately reflect their intentions.
I see the situation occurring once again. Kris Kantu has been advertising his invention of the Red Pill Coin and currently has an active ICO in place. I will explain the term in a moment.

Firstly, I do not know Kris’s intentions other than what he publicly advertises. I need not infer maliciousness into them in order to know that the outcome of the Red Pill Coin will end up a scam in the same manner as that of what happened with the MAYOR OF MGTOW and that of Barbarossa. Simply put, Kris is either grossly naïve, ignorant, or a con artist with his Red Pill Coin initiative.

Now, you might be asking yourself: “Marcus, what justifies you in your beliefs?” Well, let me step you through my thought process and you draw your own conclusions.

Firstly, I need to explain a little bit about my background and what I do for a living. As many may know I as a software developer. However, I am not merely a developer but an entrepreneur running a software company with several members of staff, venture capital backing, and a very relevant product roadmap. You see, I run a blockchain company. Not only do I run a blockchain company, but my company is in the process of issuing its own ICO.

Now, an ICO, for those who do not know what that is, is an acronym that stands for “Initial Coin Offering.” ICOs are a relatively new thing in the tech space. They started creeping up only really in the last 2 years or so. An ICO serves a function often times very similar to an IPO. An IPO, or Initial Public Offering is when a company, for the first time ever, starts selling their stocks to the general public on the stock exchange. The IPO is when the company is said to “go public.”

So, what is the purpose of an IPO? Well, to raise money and other reasons irrelevant to this video. When a company first starts out it normally needs to be funded by money coming from the founders or from private investors. However, at some point it may make sense to raise money from the general public. This is done by undergoing an IPO and selling shares to anyone who wants to buy them. The shares that you buy, in turn, come with certain rules and rights for both the seller and the buyer. The company offering the shares is either going to issue a dividend on profits to the buyer or the buyer is merely speculating on the stock price based on their prediction of future performance of the company.