When the difference “scam coin” come to mind (I cite the tenure shitcoin, myself), cryptocurrencies like BitConnect and Bitpetite come to mind – scandalous blockchain-based projects that pretty much went up in abandon after they were exposed. You positively don’t see them in the tip 100 cryptocurrency charts, but that list isn’t indispensably giveaway of shitcoins. Yes, we am articulate about Hcash (HSR) – which was before named Hshare (HSR), as it is still referred to on some exchanges.
For months on months, cryptocurrency amicable media has famous about the shadiness of this coin. By the way, we want to contend interjection to this Reddit user and this follow-up Reddit user who both mangle down really well accurately how this cryptoucurrency is the conflicting of honest and legitimate.
Hcash, Hshare – whatever it is – sure looks imagination from the outside
If you check out their website, all seems super veteran – a lot of income really went into this design. Heck, the association has ballooned the market cap into the hundreds of billions, so they’ve got copiousness to spend in that department.
The fact that this silver is also in the tip 100 – and even rising in value today, for some different reason. Compared to the cost 24 hours ago, HSR is up 14.3% at the time of writing. we contend different because, other than the ubiquitous regulatory friendship toward the crypto marketplace as of late, there is no probable reason for this boost.
If we look at what this record indeed presents and go into serve fact about how this cryptocurrency came to be, the box for it as a good investment really falls apart.
Hcash is dodgy for a number of reasons
Hcash (HSR) has been trade since about August, and it has even gotten as high as the low 20s on CoinMarketCap. But there are a ton of rough things about this whole project. Most of it has to do with mill cold plagiarism.
As a Reddit user forked out, HSR’s “projects” are just duplicate and pulp jobs from Decred (DCR) – which is ranked 41st most profitable at the moment. Take a look below:
All the stuff in the print above are literally duplicate and pasted from collection built by the people who combined Decred (DCR). Decred’s DCRD was totally ripped off to make HCASHD.
It doesn’t end there – the whole website of the former Hshare was copied from City of Zion. They even incidentally left the City of Zion trademark on the dilemma of their website weakly for a while before changing it.
Their online participation is also untrustworthy – frequency any activity on GitHub or their dedicated subReddit (if you are a crypto fan, you know how uncanny that is.) Oh, and their Slack is reportedly really formidable to join and takes forever.
It’s just a garland of red flags – and people have been indicating this out for MONTHS. How is it still ranked so high and gaining so much in value today?
Sure EOS (EOS) was overhyped, and sure TRON (TRX) plagiarized a lot of their whitepaper, and then Waltonchain (WTC) got held carrying a feign giveaway – but those sins don’t even review to what Hcash – or Hshare – has managed to lift off.
It seems like people will literally buy anything.
Disclaimer: This essay should not be taken as, and is not dictated to provide, investment advice. Please control your possess consummate investigate before investing in any cryptocurrency.