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Update README.md
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scottstirling authored Apr 29, 2021
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Expand Up @@ -18,7 +18,12 @@ Other Projects of Relevance and similar macro and crypto structure to BitClout:

BitClout, PeakD, Twetch and Steemit are all ersatz Twitter-style cryptocurrency DAO platforms so similar in look and concept to one another that they are related, copying code and ideas from each other.

The commonality to these frauds is they are centralized systems designed for extracting money from users for premium fees to execute blockchain transactions (for rudimentary versions of the same features users have today with Twitter itself and Google's content indexing, storage and delivery network).
The main commonalities to these frauds is they are *centralized* and decentralized systems designed for:

- extracting money from users for premium fees to execute blockchain transactions (for rudimentary versions of the same features users have today with Twitter itself and Google's content indexing, storage and delivery networks, for example)
- persuading users or tricking them into downloading and distributing stripped binaries dissimulating as "open source" in a peer to peer dark-net running on laptops, mobile devices, servers, public cloud, etc.
- harvesting unsuspecting users' fiat money and Bitcoin
- remaining anonymous or, in some cases, openly acting to bridge gaps in law (see Wyoming DAO laws upcoming and refer to BitClout's Terms of Service and search for Wyoming)

They mislead users in many fraudulent ways, including promoting overloaded and confusing meanings of "decentralized" and "open source" and "currency." They use public and private blockchain tech and APIs, open source project code produced by companies such as Google, and content delivery and security (for themselves, not their victims) services such as Cloudflare, to perpetrate financial fraud in the open. BitClout has promoted itself as "open source" since launch, when in fact all of its core code remains closed source to this day (the explorer and the "desktop app" available on GitHub are peripheral).

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