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> The "team" page for them are mostly Russian / Eastern European. What's wrong with that?

saym 9y ago
Intrinsically? Nothing. I think he's just making an observation, not insinuating anything.
anilshanbhag 9y ago
1. It shows they are intentionally targeting people in the US. CPC rates for US consumers is much higher than for eastern europe / russia. 2. It is just shady. Investors in these schemes have no protections / legal recourse as these entities are outside the US. Not to single out Russian/Eastern European, investing money via ICO outside US is like asking to be robbed.
- drinchev 9y ago
  That's not based on Russian / Eastern European, it's based on SCAM levels across the whole cryptocurrency sector. > targeting people in the US Anyone doing >anything IT related<, will target the US, first. Everyone outside the US with a startup idea does that. People there have the biggest investors, biggest tech scene, biggest chance of success, etc. I don't see how Russian / Eastern European targeting US makes them scammers. > investors in these schemes have no protections / legal recourse as these entities are outside the US. And that's related to the entity, not the team. How about a team of Russian / Eastern Europeans with an American entity? Would then be not a SCAM? Of course I think what is stated in the OP is pure prejudice. There are multiple scams originated in every nation, so let's not put the guilt on origin of the team behind it. Vitalik is a Russian-Canadian, as well as lot's of good guys working on Cryptocurrency.
  - heavenlyblue 9y ago
    Oh come on. He's saying people are based in Russia which most probably will not extradite them into the US if they turn out to be scammers. So it has nothing to do with being Russian, but has everything to do with being based in Russia due to legal implications.
ggg9990 9y ago
Makes a successful lawsuit and recovery near-impossible.
threeseed 9y ago
Governance is lacking in those countries. And if you look at levels of corruption it it significantly higher. So it's completely legitimate to be wary of businesses run from those countries.
- HumanDrivenDev 9y ago
  That's a fair enough response. Still if someone on here said you should be wary of businesses run from China or India (which have the same issues), I don't think the response here would be so cordial.
  - deleted 9y ago
    [deleted]
  - sk5t 9y ago
    Are you kidding? How would a US person possibly dream of enforcing a court judgment against any China entity?
  - xstartup 9y ago
    Russians/East Europeans are more visible for their high tech/cheap talent. When I tell my friends that their startup idea is very complex, they say "I'll hire a Russian developer, pretty sure he will figure out something". Sorry, I've not seen them using China in the same context.

saym 9y ago

Intrinsically? Nothing. I think he's just making an observation, not insinuating anything.

1. It shows they are intentionally targeting people in the US. CPC rates for US consumers is much higher than for eastern europe / russia. 2. It is just shady. Investors in these schemes have no protections / legal recourse as these entities are outside the US. Not to single out Russian/Eastern European, investing money via ICO outside US is like asking to be robbed.

drinchev 9y ago
That's not based on Russian / Eastern European, it's based on SCAM levels across the whole cryptocurrency sector. > targeting people in the US Anyone doing >anything IT related<, will target the US, first. Everyone outside the US with a startup idea does that. People there have the biggest investors, biggest tech scene, biggest chance of success, etc. I don't see how Russian / Eastern European targeting US makes them scammers. > investors in these schemes have no protections / legal recourse as these entities are outside the US. And that's related to the entity, not the team. How about a team of Russian / Eastern Europeans with an American entity? Would then be not a SCAM? Of course I think what is stated in the OP is pure prejudice. There are multiple scams originated in every nation, so let's not put the guilt on origin of the team behind it. Vitalik is a Russian-Canadian, as well as lot's of good guys working on Cryptocurrency.
- heavenlyblue 9y ago
  Oh come on. He's saying people are based in Russia which most probably will not extradite them into the US if they turn out to be scammers. So it has nothing to do with being Russian, but has everything to do with being based in Russia due to legal implications.

ggg9990 9y ago

Makes a successful lawsuit and recovery near-impossible.

threeseed 9y ago

Governance is lacking in those countries. And if you look at levels of corruption it it significantly higher. So it's completely legitimate to be wary of businesses run from those countries.

HumanDrivenDev 9y ago
That's a fair enough response. Still if someone on here said you should be wary of businesses run from China or India (which have the same issues), I don't think the response here would be so cordial.
- deleted 9y ago
  [deleted]
- sk5t 9y ago
  Are you kidding? How would a US person possibly dream of enforcing a court judgment against any China entity?
- xstartup 9y ago
  Russians/East Europeans are more visible for their high tech/cheap talent. When I tell my friends that their startup idea is very complex, they say "I'll hire a Russian developer, pretty sure he will figure out something". Sorry, I've not seen them using China in the same context.