SCOTTY THE AI COIN CRYPTO SCAM UPDATE NEWS LEGIT

NET CRYPTO
15 Mar 202408:55

TLDRThe video transcript discusses the alleged scams involving Scotty the AI and Green Bitcoin, suggesting that the same group is behind both. It highlights suspicious promotional tactics, such as paid articles on Crypto Potato, which does not endorse the content. The speaker warns against participating in pre-sales, explaining the risks and potential for fraud, and advises viewers on a strategy for dealing with such tokens if they launch on reputable exchanges.

Takeaways

  • ๐Ÿšจ Scotty the AI is suspected to be related to multiple past scams, including BTC 20 scam, Green Bitcoin scam, and Bitcoin ETF.
  • ๐Ÿ” The speaker aims to prove that the same group is behind Scotty the AI and Green Bitcoin, two current top scams.
  • ๐Ÿ’ฌ A post on X, titled 'Investors crowded the Green Bitcoin pre-sale as BTC price reaches 4.75k', caught the speaker's attention due to its mention of 'thanks crypto potato'.
  • ๐Ÿ“ฐ Crypto Potato, a crypto news website, is noted for publishing a sponsored article about Green Bitcoin, distancing itself from the content's responsibility.
  • ๐Ÿ’ก The speaker suggests that Green Bitcoin and Scotty the AI are promoted within the same article, indicating the same group is behind both.
  • ๐Ÿ”— The official Smog website's 10% discount for investors is mentioned as another example of the same group's promotional tactics.
  • ๐Ÿ“Œ The speaker warns about the risk of buying into pre-sales, as they are now often conducted in a different contract from the actual token, separating investor funds from the token's liquidity.
  • ๐Ÿšซ Pre-sale buyers are at a disadvantage as they may not benefit from the price pump after token launch, which the speaker advises against.
  • ๐Ÿ“– The Big Brain Crypto Ego Log Book is recommended for evaluating pre-sales, with the speaker disclosing an affiliate link for purchases made through it.
  • ๐Ÿคซ Asking questions about these scams in the Telegram group can result in being banned or muted, as the group does not want such discussions.
  • ๐Ÿ“ The speaker concludes by encouraging viewers to be vigilant and use resources like the Big Brain Crypto Ego Log Book to protect themselves from scams.

Q & A

  • What is the main topic of the video?

    -The main topic of the video is the discussion of Scotty the AI and Green Bitcoin, two alleged scams, and the presenter's attempt to prove their connections and the risks associated with their pre-sales.

  • What past scams is Scotty the AI allegedly related to?

    -Scotty the AI is allegedly related to past scams such as the BTC 20 scam, the Green Bitcoin scam, and the Bitcoin ETF scam.

  • How does the presenter suggest that Scotty the AI and Green Bitcoin are connected?

    -The presenter suggests that Scotty the AI and Green Bitcoin are connected because they are both promoted in the same sponsored article on Crypto Potato, and the website templates for both projects are strikingly similar.

  • What is the role of Crypto Potato in this situation?

    -Crypto Potato published a sponsored article promoting Green Bitcoin and Scotty the AI. The article is marked as sponsored content, and Crypto Potato does not endorse or assume responsibility for the content.

  • What is the significance of the disclaimer on Crypto Potato's article?

    -The disclaimer on Crypto Potato's article is significant because it clarifies that the content is sponsored and not endorsed by the website, indicating that the platform does not vouch for the legitimacy of the projects mentioned.

  • What is the presenter's stance on pre-sales of tokens like Scotty the AI and Green Bitcoin?

    -The presenter is against pre-sales of tokens like Scotty the AI and Green Bitcoin, considering them risky and potentially fraudulent. They advise against buying into any pre-sale due to the changed nature of pre-sales and the lack of transparency regarding contracts and liquidity.

  • How does the presenter plan to approach the eventual launch of Scotty the AI on an exchange?

    -The presenter plans to wait until Scotty the AI launches on a decent exchange, and then consider buying at the pre-sale price if it goes down after launch. They intend to sell immediately when the price pumps, likely by 20-50%.

  • What is the presenter's advice to investors regarding pre-sales?

    -The presenter advises investors to be cautious and not to buy into any pre-sale due to the risks involved. They suggest that pre-sales have changed from their original legitimate form and now often involve separate contracts that may not have the same protections for investors.

  • What is the Big Brain Crypto Ego Log Book mentioned in the video?

    -The Big Brain Crypto Ego Log Book is a resource mentioned by the presenter that allows users to evaluate pre-sales. The presenter has an affiliate link for the book, meaning they receive a commission if someone purchases it through their link.

  • Why does the presenter mention the Big Brain Crypto Ego Log Book in the video?

    -The presenter mentions the Big Brain Crypto Ego Log Book as a tool for investors to use in evaluating pre-sales, which aligns with the video's theme of warning against scams. The affiliate link provides a potential benefit for the presenter and their audience.

  • What is the presenter's warning about asking questions in the Telegram group of these projects?

    -The presenter warns that asking questions in the Telegram group of these projects could result in being banned or muted, suggesting that the project organizers may not be open to scrutiny or critical questions.

Outlines

00:00

๐Ÿšจ Exposing Scams: Scotty the AI and Green Bitcoin

This paragraph discusses the connection between Scotty the AI and multiple past scams, such as the BTC 20 scam, Green Bitcoin scam, and Bitcoin ETF. The speaker aims to prove that the same group is behind these scams. The focus is on two current scams, Scotty the AI and Green Bitcoin, and the speaker finds evidence by examining a sponsored article on Crypto Potato that promotes both, suggesting a coordinated effort by the same people. The speaker also mentions other coins like Soana MIM and Smog, which are part of the same low-cap coin strategy. The paragraph ends with a warning about the risks of pre-sales and the importance of not getting scammed.

05:00

๐Ÿ“‰ Pre-Sale Risks and Strategies

The speaker shares a personal strategy for dealing with token launches and pre-sales, emphasizing the risks involved in buying into pre-sales. They mention that pre-sales used to be legitimate but have changed, with funds now going into different contracts, which is against crypto rules. The speaker advises waiting for a token to launch on a reputable exchange before considering a purchase and then selling quickly after a price pump. The paragraph also discusses the importance of being cautious and not asking questions in Telegram groups, as it can lead to being banned or muted. The speaker recommends a book, 'Big Brain Crypto Ego Log Book,' for evaluating pre-sales and mentions their affiliate link for it. The paragraph concludes with a call to action for viewers to share their thoughts.

Mindmap

Keywords

๐Ÿ’กScotty the AI

Scotty the AI is a cryptocurrency project mentioned in the video as being potentially related to scams. It is described as a 'viral meme coin' that had a pre-sale which sold out quickly due to high investor interest. The speaker suggests that the same people behind Scotty the AI are also involved in other scams, such as Green Bitcoin, based on similarities in their promotional materials and tactics.

๐Ÿ’กScams

In the context of the video, scams refer to fraudulent schemes or operations in the cryptocurrency space, particularly those involving pre-sales of tokens or coins. The speaker alleges that certain projects, like Scotty the AI and Green Bitcoin, are part of a pattern of scamming investors through false promises and misleading promotional content.

๐Ÿ’กGreen Bitcoin

Green Bitcoin is another cryptocurrency project mentioned in the video as being potentially fraudulent. It is highlighted as one of the scams that the speaker believes is being promoted by the same group responsible for Scotty the AI. The speaker points out that a sponsored article on Crypto Potato discusses Green Bitcoin, further suggesting a connection between the two projects.

๐Ÿ’กCrypto Potato

Crypto Potato is a cryptocurrency news website that is mentioned in the video as having published a sponsored article promoting both Green Bitcoin and Scotty the AI. The speaker notes that the disclaimer on the article clarifies that Crypto Potato does not endorse the content, indicating that the site was paid to publish the promotional material.

๐Ÿ’กPre-sale

A pre-sale in the cryptocurrency context refers to the initial offering of a new token or coin before it is publicly traded on exchanges. In the video, pre-sales are associated with scams, as the speaker alleges that certain projects use pre-sales to deceive investors by promising high returns but instead locking them out of the actual trading action post-launch.

๐Ÿ’กSmart Contract

A smart contract is a self-executing contract with the terms of the agreement directly written into code. In the context of the video, the speaker mentions smart contracts to highlight the discrepancies between the promised and actual contracts used in certain cryptocurrency projects, suggesting that the funds from pre-sales are not going into the smart contract associated with the token but into a different one.

๐Ÿ’กPump and Dump

A pump and dump scheme in the context of the video refers to a manipulative practice where the price of an asset is artificially inflated (pumped) to attract investors, only to be sold off (dumped) by the perpetrators once the price peaks, leaving the latecomers with losses. The speaker suggests that this is a tactic used by the scammers behind Scotty the AI and Green Bitcoin.

๐Ÿ’กInvestor Traffic

Investor traffic refers to the volume of investors interested in or participating in a particular investment opportunity, such as a cryptocurrency pre-sale. In the video, the term is used to describe the high level of interest that led to the quick sell-out of Scotty the AI's pre-sale, which the speaker suggests may be part of a scam to attract unsuspecting investors.

๐Ÿ’กThird-Party

A third party in this context refers to an entity that is not directly involved in the primary transaction or relationship between two other parties. In the video, the term is used to describe the relationship between Crypto Potato and the cryptocurrency projects it promotes, indicating that the content is paid promotional material and not endorsed by the news site.

๐Ÿ’กAffiliate Link

An affiliate link is a unique tracking link provided by a company or platform that allows the person sharing the link to earn a commission or other benefits when someone clicks on the link and takes a specific action, such as making a purchase. In the video, the speaker mentions an affiliate link for a book they recommend, which they earn a commission from when their audience uses to buy the book.

๐Ÿ’กTelegram Group

A Telegram group is a chat-based community within the Telegram messaging app where users can communicate and share information. In the video, the speaker warns viewers against asking questions or raising concerns about the legitimacy of certain cryptocurrency projects in Telegram groups, as they may face censorship or other negative reactions from the group's administrators.

Highlights

The speaker is providing an update on Scotty the AI, a cryptocurrency of interest.

Scotty the AI is suspected to be related to multiple past scams, including BTC 20 scam and Green Bitcoin scam.

The speaker aims to prove that the same group is behind Scotty the AI and other mentioned scams.

Two top scams currently being covered are Scotty the AI and Green Bitcoin.

A Twitter post about Green Bitcoin's pre-sale is highlighted as suspicious due to its connection to Scotty the AI.

Crypto Potato, a crypto news website, is mentioned as publishing a sponsored article about Green Bitcoin.

The disclaimer on Crypto Potato's article clarifies that they do not endorse the content, indicating a potential red flag.

Green Bitcoin and Scotty the AI are both promoted within the same article on Crypto Potato.

The speaker suggests that the same people behind Green Bitcoin are also behind Scotty the AI, based on promotional similarities.

Strategic investors are mentioned as focusing on low cap coins like Soana (MIM) and Smog, which have seen significant price increases.

The official Smog website is offering a discount for investors, which the speaker finds suspicious.

The speaker warns against buying into pre-sales, as they are often conducted in a different contract than the actual token's contract.

The speaker advises a strategy of buying a token after it launches on a reputable exchange and selling it after an initial price pump.

The speaker criticizes the practice of running pre-sales in a separate contract from the token's actual contract, which is against crypto rules.

The speaker mentions a book, 'Big Brain Crypto Ego Log Book', which helps evaluate pre-sales and includes an affiliate link for purchases.

The speaker concludes by encouraging viewers to be vigilant against scams and to ask questions, despite potential censorship in Telegram groups.