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Author Topic: [SCAM WARNING] Crimson Capitals DeFi with Plagiarized Whitepaper!  (Read 392 times)
TalkStar
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August 24, 2020, 10:04:20 AM
Last edit: August 24, 2020, 10:19:04 AM by TalkStar
 #21

It literally took me less than 5 minutes to do a google search. I spent more time preparing the report than uncovering the plagiarism.  Cheesy

They are following different method to detect plagiarism and maybe due to this reason they failed to detect that their new whitepaper writer have stolen contents from other sources again. I have already checked their team section and i think after checking their team and whitepaper any experienced investor will be able to imagine what actually they are trying to do.

Some of it is still copied from other sources.


The top of page 16:

Quote
Decentralized Finance or DeFi is a movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries and are not limited by any artificial border. A DeFi aim is to extend the benefits of decentralization to the financial space. DeFi can offer an alternative to traditional loans, savings, insurance, and investment sectors. Fundamentally anyone with internet access can have access to decentralized finance. DeFi can be referred to as open finance or distributed finance.

Original:

Quote
Decentralized Finance or DeFi is “a movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries”.



So i think after first writer now they are going to take legal actions against the new writer who made this one for them. Let's see what explanation they got this time. Maybe we are going to hear another self-made story again.


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Crimson Capitals
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August 24, 2020, 02:08:03 PM
Last edit: August 25, 2020, 11:38:12 AM by Crimson Capitals
 #22


Some of it is still copied from other sources.

The top of page 16:

Quote
Decentralized Finance or DeFi is a movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries and are not limited by any artificial border. A DeFi aim is to extend the benefits of decentralization to the financial space. DeFi can offer an alternative to traditional loans, savings, insurance, and investment sectors. Fundamentally anyone with internet access can have access to decentralized finance. DeFi can be referred to as open finance or distributed finance.

Original:

Quote
Decentralized Finance or DeFi is “a movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries”.
...
The aim is to extend the benefits of decentralization to the banking space.
...
It can offer an alternative to traditional loans, savings, insurance, and trading sectors. Fundamentally accommodating anyone with access to the internet. In sectors where centralization and decentralization are combined to create unique products, DeFi can be referred to as open finance or distributed finance.

This isn't the only instance: it also plagiarized Wikipedia's entry on the U.S. dollar.

If you can't be bothered to come up with your own words, why would you expect people to invest in your project?

Since you did bother to come up with original wording for the overall idea of your project, I won't tag your account for plagiarism, but I also won't be recommending anybody invest in it, for multiple reasons.

Update: https://crimsoncapitals.com/whitepaper/

Page-11:
Quote
The U.S. dollar is the world’s primary reserve currency and the most used currency in international transactions; it is the official currency in several countries and the de facto currency in many others (source: Wikipedia).

Page-16:
Quote
DeFi stands for “Decentralized Finance” which refers to open finance or distributed finance using blockchain technology. Fundamentally anyone with internet access can have access to decentralized finance. It can solve the problems of traditional finance and give everyone the proper rights and freedom to global finance.

I hope there will not remain any case of plagiarism. Few lines were added as fact, like you write "Bitcoin is a cryptocurrency" and not mention Satoshi's Whitepaper or Wikipedia. But for the sake of project, it has been fixed.
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