Tone Vays: How to Spot a Scamcoin

Fergus Hodgson, August 17, 2020

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Altcoins have come and gone over the last decade, but bitcoin stays. Why? For analyst and trader Tone Vays, the first cryptocurrency remains king because it is unconfiscable, uncensorable, and sound money.

He argues few altcoins are worth investing in and that most ICOs (initial coin offerings) are actually scams.

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This week in our Discovery Group segment, we interview Chris Taylor, the president and CEO of Great Bear Resources (TSX-V: GBR), who makes the case for the Dixie project’s high-grade zones.

Recommended Links

• Connect with Tone on Twitter and YouTube and visit his website.
• “Bitcoin Maximalism,” Investopedia.
• “What is ‘HODL’ in the Cryptocurrency World?” Coinsutra.
• “Tone Vays on Why Altcoins Are a Bad Investment,” Peter McCormack.
• The Bitcoin Standard, by Saifedean Ammous.

If You Liked This Episode

• “Tone Vays: Demystifying the Blockchain, Avoiding Digital Snake Oil,” Gold Newsletter Podcast.
• “Altcoins, Central Banks Vie for Bitcoin Legacy,” Gold Newsletter Podcast.
• “Demelza Hays: Will Bitcoin Pass the Baton to Stablecoins?” Gold Newsletter Podcast.
• “Stablecoins Offer Bridge to Usability, Compliance,” Gold Newsletter Podcast.

Fergus Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter and Facebook.