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Chief executive of collapsed crypto fund Hyperverse does not appear to exist

theguardian.com

41–50 of 88 posts

Re: Chief executive of collapsed crypto fund Hyperverse does not appear to exist

#41
post #14
post #4

Earlier quoted context omitted.

It is unclear how these messages of support were obtained, but all four celebrities are available to hire through the website Cameo, which allows people to pay high-profile individuals to read out a script for them, for anything from a birthday greeting to a business marketing video. The Norris “shout out” to HyperVerse states that “under the leadership of CEO Steven, HyperVerse will be the leader of metaverse space”…

It appears to me that if you are part of a service where people can book you to say and advertise whatever they want, including scams, and you do absolutely no checking of what you say there, that sounds a lot like you are running a service for scammers, and "I didn't know what I said there" should not count as a good justification.

Perhaps if they make material statements of fact. If the Woz says something like "I personally invested $X in this company and guarantee it will make a profit" and it is all a lie, sure that is false advertising.

Otherwise, it is just paid actors acting.

Re: Chief executive of collapsed crypto fund Hyperverse does not appear to exist

#42
post #4

> with video messages of support from a clutch of celebrities released on Twitter the following month They really should charge more of these celebrities for endorsing pyramid schemes.

It is unclear how these messages of support were obtained, but all four celebrities are available to hire through the website Cameo, which allows people to pay high-profile individuals to read out a script for them, for anything from a birthday greeting to a business marketing video. The Norris “shout out” to HyperVerse states that “under the leadership of CEO Steven, HyperVerse will be the leader of metaverse space”…

Maybe you shouldn't endorse a company when "there is no suggestion they had any knowledge of HyperVerse’s business model". I think every one of these celebrities should be held liable for the bullshit they say.

Re: Chief executive of collapsed crypto fund Hyperverse does not appear to exist

#43

I'm not for victim blaming generally, but who puts their money into a company that says this: >"...create a parallel system of existence that will change how people live, how we interact with people around the world, and even how companies and corporations will conduct business." What is supposed to mean, other being some thought-terminating word salad to fool less cynical people?

How is this different than the argument to sell NFTs that are jpegs that somehow have some value, or token's having value from all these random crypto sites. And they take your 'hard crypto' eth or btc and somehow manipulate trading to make the ftx tokens worth billions.

I interviewed at a company that was making tools for analyzing this world and they had similar arguments about the world changing impact of their analysis tools.

Re: Chief executive of collapsed crypto fund Hyperverse does not appear to exist

#44

> with video messages of support from a clutch of celebrities released on Twitter the following month They really should charge more of these celebrities for endorsing pyramid schemes.

Given the extremely lax laws around advertising (any el-crappo pizza joint can claim to have the world's best pizza, etc.), and that none of the celebs have any formal credentials in either crypto or finance, and that their relationship with Hyperverse was "paid $Standard_Fee to read words to a camera" - what laws have they broken, to be "charged" with anything?

Re: Chief executive of collapsed crypto fund Hyperverse does not appear to exist

#45

The article portrays this as a negative, but all I'm seeing is an innovative way to save on sky-high CEO cost. We've always dreamed of operating without and now we have, it seems like exactly the opposite reaction.

Reigning in costs on the CEO doesn’t mean we need to swing to the other side of the spectrum and commit fraud and portray some image as the CEO. Hopefully you are doing a tongue in cheek commentary

Re: Chief executive of collapsed crypto fund Hyperverse does not appear to exist

#47

The article portrays this as a negative, but all I'm seeing is an innovative way to save on sky-high CEO cost. We've always dreamed of operating without and now we have, it seems like exactly the opposite reaction.

Exactly, since when does a CEO in a Hyperverse company need to exist in this universe? It is enough if he/she/it exists in some other timeline and can be leveraged across the Multiverse. Clearly just another attempt to badmouth crypto.

It’s when the Hyperverse crosses into the real-a-verse that a person with a social security number or birth certificate is required. You can’t just make people up. If you operate without a CEO then operate without one. Don’t pretend one exists to get real-a-verse money for your hyperverse. That’s fraud.

Re: Chief executive of collapsed crypto fund Hyperverse does not appear to exist

#48
post #43

I'm not for victim blaming generally, but who puts their money into a company that says this: >"...create a parallel system of existence that will change how people live, how we interact with people around the world, and even how companies and corporations will conduct business." What is supposed to mean, other being some thought-terminating word salad to fool less cynical people?

How is this different than the argument to sell NFTs that are jpegs that somehow have some value, or token's having value from all these random crypto sites. And they take your 'hard crypto' eth or btc and somehow manipulate trading to make the ftx tokens worth billions. I interviewed at a company that was making tools for analyzing this world and they had similar arguments about the world changing impact of their an…

> How is this different than the argument to sell NFTs...

It isn't. Those were scams too.

Re: Chief executive of collapsed crypto fund Hyperverse does not appear to exist

#49
post #24
post #14

Earlier quoted context omitted.

It appears to me that if you are part of a service where people can book you to say and advertise whatever they want, including scams, and you do absolutely no checking of what you say there, that sounds a lot like you are running a service for scammers, and "I didn't know what I said there" should not count as a good justification.

There’s a really blurry line that needs more clarity. When George Clooney tells me he uses Nespresso coffee pods, I don’t entirely believe him. If I found out that he didn’t, I can’t imagine trying to take legal action against him. But Chuck Norris endorsing a cryptocurrency? Should he be required to do due diligence on a client before doing paid advertising for them? That also seems unfeasible. Then what about the K…

In general, these also arent statement of fact.

>"HyperVerse will be the leader of metaverse space"- Norris

IF you actually think Chuck Norris has a godlike ability to know the future, and is making promissory statements of fact, the liability lies with you.

Re: Chief executive of collapsed crypto fund Hyperverse does not appear to exist

#50
post #22

Earlier quoted context omitted.

They used his name and image without permission and illegally in a scam. That's the opposite of participating.

Keep reading. That was after directly participating in at least two crypto companies himself, Efforce and Equi. So he's been both victim and perpetrator. The fact that he had already been willingly involved in and personally endorsed multiple Crypto schemes makes it even more plausible that people would believe other scams claiming to have his endorsement. After getting scammed out of $70k and losing a lawsuit about…

We're the companies he was involved in scams or are you just assuming everything that involves crypto is a scam?
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