Bitclout Breakdown With Richard Sanders From Cipherblade

Bitclout is an absolute mess and so I had Richard Sanders, the lead investigator at Cipherblade come on the show to talk about it and dissect everything that’s wrong about it and what red flags to look out for.

CipherBlade specializes in blockchain forensics and tracking Bitcoin, Ethereum and other cryptocurrencies in investigations. They have established partnerships with exchanges, all leading vendors of professional blockchain forensics tools, and use a combination of on-chain and off-chain analytics and investigative techniques.

Rich is seen as a subject-matter expert by the FBI and at the “top of the Rolodex” for Special Agents who have questions concerning blockchain-related cybercrime. Rich prides himself on a very strong working relationship with the FBI and sees the opportunity to help law enforcement and the government with this new technology as a blessing. “Justice in the crypto space is our domain” — Richard Sanders

I wanted to bring someone who had more expertise in this realm to talk about Bitclout. I’ve recently talked about why I believe is likely to be a scam or at least a terrible project here: https://odysee.com/@ScottCBusiness:4/Bitclout:7 & https://youtu.be/wBjpsq8SCr8

These are some of the questions we went over:

• Can you tell us a little bit about yourself?

• How and when did you originally get into cryptocurrency

• Can you give us a brief introduction to Cipherblade?

• Let’s dive into Bitclout, what are your initial thoughts?

• What about the founder’s anonymity?

• Thoughts on the Bitclout pre-mine and artificially inflating values?

• Can venture capitalists and influencers legitimize a project?

• Will they have withdrawals and will it even matter?

• Are their wallets secure?

• What makes a scam a scam?

• What are red flags to watch for?

• What is your general advice on investing in this space?

• So where can everyone go to learn more about this?

Check out https://cipherblade.com/ for more information and to learn more about what they have to offer. You can follow Richard at @raindropactual

What do you think about Cipherblade and what Richard Sanders does? How do you feel about Bitclout? Let us know if you have any further questions or thoughts in the comments below and don’t forget to like and subscribe as well!

This is a LBRY first video meaning it shows up on LBRY before it gets published anywhere else. If you’re not on LBRY, sign up and get started here: https://odysee.com/$/invite/@ScottCBusiness:4

Check this video out on LBRY to support me with monetization and no ads: https://odysee.com/@ScottCBusiness:4/bitclout-exposed:7

--

--

--

I am a social blockchain enthusiast that blogs and vlogs on what I believe to be the next level of social communication. https://www.scottcbusiness.com/

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Flokinomics introduces Zilla Matrix

Greenheart’s CBD Farmers pool is 100% full!

Subash George Manuel, CEO of CCRB, receives award for Business Innovation from UK Parliament

Is TrueFi, the Future of Stablecoins?

Surprises and unanticipated things ahead in the Crypto World

2 males busted utilizing BTC to hide drug cash

Bitcoin & LN on Mobile Android — Using the Bitcoin Lightning Wallet to make LN payments

Brad Garlinghouse Fraudulently Promotes Fake XRP on YouTube

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Scott Cunningham

Scott Cunningham

I am a social blockchain enthusiast that blogs and vlogs on what I believe to be the next level of social communication. https://www.scottcbusiness.com/

More from Medium

Part Four — Interview with the CEO of Yieldnodes

Eth 2.0 — Is the Flippening happening?

World’s Fastest, Carbon-Neutral Blockchain Launches Archethic Lab, by the Builders for the Builders

Charge DeFi phase2