I'll admit/confess to this allegation if and only if SrslySirius releases a video about this Coinflex thing -- those are my terms. 😎

In good faith to whom? Yourself obviously.

Nothing wrong with that.

Just explaining.

"Acting in good faith" only takes you so far as a defense, and may or may not be valid, depending on circumstances.

Demonstrating the point above, the people who promoted Bitconnect could also try to use it as a defense.

E.g. "We were told by the Bitconnect owners that the ROI was legitimate and that the trading bot was real and worked, and that client funds were safe, so when we were promoting Bitconnect we were simply acting in good faith."

Doug is in the clear here 100%. His Coinflex stuff was all done in such a way that it cannot be inferred that he was acting "immoral" or acting "unethical".

I was one of his biggest "haters" on Reddit for the first 48 hours of the situation imploding (and with reddit links to back up my claim) until I realized I was just sucked into a "hate mob" which actually made no sense.

tl;dr -- Doug didn't do anything immoral nor unethical regarding coinflex.

I made a Total-Biscuit thread 9 days ago on a non-Reddit platform (because Reddit is evil) and encourage everyone to realize it's okay to admit you're wrong in light of new information:



On 99% of discussion/forum websites, admitting you're wrong is an "act of weakness" and means you are just a "sheep" that is subject to being "controlled" and/or "manipulated" by logical reasoning. (which I'd argue it's better to be a sheep than a wrong-lion)

Oh OK, if you say so...

Pack it in boys, we're done here.

Coinflex promised outrageous returns. Doug should have known that wasn't possible. Instead he took money from them to promote the ponzi. Not much else to it.

Just curious what all you people who think that Doug should face civil or even criminal penalties feel about what billionaire and "financial genius" Mark Cuban did to his followers with respect to investing in Voyager because it is pretty similar to Doug & Coinflex. Both Voyager and Coinflex were crypto exchanges that promised outlandish rates of return. And not only did Mark Cuban promote it like Doug promoted Coinflex, but he went even further by telling fans that they'd be given $100 just for opening an account and trading as little as $10. And now with Voyager filing for bankruptcy last month, whatever money his fans and followers entrusted to Voyager is now gone for good.

So, should Cuban be facing civil or criminal penalties? How about sanctions from the NBA?

Of course, nothing is going to happen to Cuban. And since what he did is far more egregious than Doug's promotion of Coinflex, I'm pretty certain he has nothing to worry about either.

Hi Brad blOwen puppet account!

You should see what I just "said so" 2 minutes ago -- it makes my comment in this thread look like small fries... 😎

The reality is that white collar criminals rarely face consequences outside of fines sometimes (the funny quip about fines being rich people's cost of doing business versus the poor persons ticket to prison). In the US, we put people in jail for almost anything, but only if you are blue collar. White collar folks like Doug know this and can afford legal counsel. The Bernie Madoff's of the world are rare and usually associated with publicity requiring the authorities sending a "message." Most white collar criminals are way under that kind of radar.

Bernie Madoff stole from white collar people. That's a big difference.

Did Doug say anything about what he thought about the proposed 20% return on the recovery coin? If he was as forthcoming as he's always claimed he would have said stay the **** away from it. Guessing he chose to just be silent on the matter when any other project that he has no involvement in he would have called out.

Your guess is very wrong. He mentioned it in his video about stepping down as promoter of CF. idr exactly what he said but along the lines of "it didn't look good for the people who lost money on CF if they're trying to recover in this manner". He said slightly more about it so check it out if you're really interested.

Point taken. My reads on Doug is he's an honest guy who may have been blinded by the money a bit and made some bad decisions he wouldn't normally make. Kind of like when a guy is getting some good sex he doesn't see the reasons he shouldn't be dating the chic.

Lots of these guys steal from what collar people, arguably Doug's "investors were white collar. Madoff was so big and such a one-off, they had to go after him. I am sure he and many around him never saw it going that way. Meanwhile the small time crook on the street no one has sympathy for. I think they should all go to prison and we would be way better off of the white collar folks went away the same as the rest.

Which, frankly, makes him no longer an honest man. It happens. Greed is a bitch.

The irony is that Doug made a similar point to Jungleman regarding Durr. Jungleman says Durr isn’t a scumbag just because he pulled out of the challenge and that a single instance doesn’t necessarily set the tone. Doug argued the opposite and said that Durr is a scumbag simply because of the challenge situation, even with Durr taking steps to try to make it right, according to Jungle.

For the record, I’m on Jungle’s side and don’t think Doug is necessarily a bad or dishonest person because of the CoinFlex situation. He can still be a honest man who made a poor judgement call. I don’t think he intentionally meant to deceive.

But I promise you, anyone who you might think is 100% honest is 100% not.

Seems to me by far the most likely thing here is that Polk's "due diligence" wasn't very good. But he didn't have a fiduciary responsibility there. His responsibility was to disclose his relationship with the people he was shilling for, and he did so.

I'm sure someone might sue him, since anyone can sue anyone in this country. But the lawsuit won't last long.

And the only possible way he even gets a whiff of criminal trouble is if there was internal fraud he was a party to, which seems incredibly unlikely since he was just a paid mouthpiece.

https://www.yahoo.com/finance/news/m...194242674.html

Lawsuits from disgruntled investors are beginning to stack up after crypto prices plummeted over the past few months, leaving them with steep losses. Billionaire Mark Cuban is the latest celebrity on the receiving end of investor ire.

A group of Voyager Digital customers filed a class-action suit in Florida federal court against Cuban, as well as the basketball team he owns, the Dallas Mavericks, alleging their promotion of the crypto platform resulted in more than 3.5 million investors losing $5 billion collectively. Voyager Digital's CEO, Stephen Ehrlich, was also named as a defendant in the suit.

Voyager, a New Jersey-based crypto firm, filed for Chapter 11 bankruptcy in July following a crash in crypto prices that instigated a liquidity crunch on the platform. The firm is one of many that got burned after loaning money, in Voyager's case worth ~$600 million, to hedge fund Three Arrows Capital (3AC). 3AC declared bankruptcy in the wake of the Terra collapse, triggering a domino effect throughout the crypto markets when the hedge fund defaulted on more than $3.5 billion worth of obligations to its lenders.


The plaintiffs in the suit against Cuban described Voyager as "an unregulated and unsustainable fraud, similar to other Ponzi schemes." They claim in the complaint that Cuban and Ehrlich personally reached out to investors both individually and through a partnership with the Dallas Mavericks, to encourage them to invest with the platform. The lawsuit also specifically calls out Voyager's Earn Program Accounts (EPAs), claiming they are unregistered securities.

The Mavericks launched their exclusive, five-year partnership with Voyager in October 2021, giving fans cash rewards for making trades on the platform. The announcement said the cryptocurrencies were “an attractive investment for novice investors who might only have $100 to start.”

According to the lawsuit filed today, Cuban also promoted the company "as a Voyager customer himself, in a ploy to dupe investors into believing that Voyager was a safe platform." Although the partnership with the Mavericks was disclosed, the lawsuit alleges that Cuban did not disclose the compensation he personally received to promote Voyager.

Whoa whoa whoa, hold on a minute buck-o. It has been made abundantly clear in this thread that Doug was never paid. In fact Doug paid for the privilege of being a coinflex mouthpiece and he made is sound oh so sweet.

Here is unlisted proof I spent 6 hours crafting this comment in its description. (Disçlaimer: this entire comment is presented as a form of entertainment and is satirical by design.) Note: the preceding disclaimer is *100% false*. (It only exists for *practical* reasons.)

Two of my friends on discord (one an engineer from JHU and the other with a PhD in philosophy) have both claimed (pending verification) that I'm the 2nd most intelligent non-deity to ever exist in the human race (only behind Srinivasa Ramanujan), of which there are 117 billion according to the World Economic Forum: (source)(alt-§)(alt-¶)

~
The bold word.

The italic word.

Here is my offer for 2p2:

• https://pastebin.com/aPDF4qnX
• 1 day expiry

Here is my offer for Doug Polk:

• https://pastebin.com/vcHuaSXt
• 6 month expiry because DP has 6 months to accept or reject it

I hereby request someone who disagrees with my previous Doug Polk claims ITT to accept my offer.

Do I have any takers? 🤔 (someone please say "yes" rather than the much-easy alternative responses)

Lastly, to prove I have a sense of humor:

*scratches head*