Dennis Rodman Arrives In Singapore To Promote World Peace Or To Pump A Crypto Called Potcoin?

Dennis Rodman has arrived in Singapore, and the MSM is all over it, but what is Rodman actually doing there? Here’s more…

A couple of months back we reported on the problem with celebrity ICOs:

That’s because professional boxer Floyd Mayweather and rapper DJ Khaled, the two faces of said cryptocurrency, never actually intended for their little tech scheme to blossom into actual returns for those who trusted their empty rhetoric on social media. It was all just a ploy to get fans to part with their cash, and now the U.S. Securities and Exchange Commission (SEC) is getting involved by pressing charges against this latest example of cryptocurrency fraud.

Reports explain that the SEC recently charged Sohrab “Sam” Sharma and Robert Farkas, co-founders of the company known as Centra Tech Inc., for violating certain anti-fraud and registration provisions contained within U.S. securities laws. The Feds say Sharm and Farkas masterminded the fraudulent initial coin offering, or ICO, that Mayweather and Khaled have been hawking, and further broke the law by selling these unregistered investments through a so-called “CTR Token.”

Now, I’m not saying that Dennis Rodman is pumping crypto in some sort of illegal way, but I do find it interesting when he arrives in Singapore that he’s sporting a shirt with Potcoin plain as day (picture from CNN) on the front:

Which begs the question, is Rodman there in the interest of world peace or is he there to pump a coin called “Potcoin”?

Here’s a little bit of Dennis Rodman giving a shout out to Potcoin last year (June, 2017):

For some reason it made me think of the youth football team that roamed the Wal-Mart parking lot a couple of weeks back asking for a dollar here and a dollar there so they could travel to the state capital to play in some tournament.

You would think a five time NBA champion wouldn’t need a sponsor?

But I digress.

What exactly is Dennis Rodman’s mission, except free press coverage to pump a crypto?

The White House has given us the agenda, and I’m hard pressed to find Dennis Rodman’s name on it.

And no, Dennis is not part of the “official” delegation.

But according to Rodman, he is part of it:

So which is it?

Because to me it looks like a big celebrity commercial for a cryptocurrency under the guise of attending a peace summit, which he won’t actually be attending.

Please excuse me if I’m confused.

Oh.

Hold on.

I found his mission:

His mission is “to give whatever support is needed”.

Well Dennis, you might be sitting on the bench during this one, because the entire summit will last exactly 11 hours.

And speculation is circulating that the U.S. may be cutting the summit shorter than that, which isn’t a good thing for world peace.

But, hey, the shirt looks great:

Can’t say the same about the one year Potcoin chart:

But there has been a bump over the last couple of days:

Although it’s fading fast.

Down nearly 30% since Friday.

Stack accordingly…

– Half Dollar


 

About the Author

U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.

Paul’s free book Gold & Silver 2.0: Tales from the Crypto can be found in the usual places like Amazon, Apple iBooks & Google Play, or online at PaulEberhart.com. Paul’s Twitter is @Paul_Eberhart.

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