In a court of law could this be considered as fraudulent behaviour?

[derrend]

My comment was deleted from the original thread which is why I post it here:

I was asked my opinion by someone on a google hangout and I gave my opinion as requested (about bitcoin and altcoins in general). At no point have I dished out advice.

I just took a second look at the video link.
Exact words were "My investment advice is don't hold any crypto coins at all."

What surprises me about this is that if Steve Jobs had issued new Apple shares that the general public could buy, made a tidy profit by doing so and then went on the record a year later saying that those shares were worthless, that people holding them were "nuts" and that there was only a small percentage chance that they would succeed, even if he tried to cover himself by saying that he believed personally they might go up in price one day (assuming there is a one day), shouldn't he then expect a lawsuit from those investors because effectively that would be tantamount to fraud wouldn't it?

I'm not calling Drak a fraudster but my above description would be accurate for Jobs wouldn't it?, am I wrong??
And if Steve then started making the case that nobody was forced to buy them or that the risk is inherent to investing, that simply wouldn't fly given the statements made by him previously. Yes?

Opinions?

[KWH]

"This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. "

[derrend]

"This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. "

Yes I'm aware, it's on the moderators advice that I reposted the comment here. If Steve Jobs acted as in the example would he face prosecution?

[KWH]

"This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. "

Yes I'm aware, it's on the moderators advice that I reposted the comment here. If Steve Jobs acted as in the example would he face prosecution?

Welcome to the internet where opinions differ and everyone's a lawyer and what not. Since you already stated "I'm not calling Drak a fraudster" ( I guess that mod didn't see that) I see no point to any discussion. Take a look in the Scam section and let us know how many frauds actually get justice. If you feel the need to start legal action, then do so and let us know the progress.
Remember to never invest any more than you can afford to lose.

[btcdrak]

I just took a second look at the video link.
Exact words were "My investment advice is don't hold any crypto coins at all."

You are misquoting the context, go back to the beginning of the question https://www.youtube.com/watch?v=JHYjxdvbuwI&feature=youtu.be&t=49m29s and for the next 8 minutes.

[derrend]

You are misquoting the context

I disagree, also other comments were made slightly earlier in the video such as how 'frivolously' you treat money whilst other people 'have to work really hard for it'.
These are not appropriate comments in any context from someone who made (as I understand it) BTC600 which would have been $360000 at the time by selling their own cryptocurrency that only people who are 'nuts' are holding now .

Imagine if coindesk had a slow news day and decided to point out in an article that the creator or Viacoin had been seen on youtube criticizing cryptocurrency in general and the people holding it. That would be one hell of a kick in the wallet to those still holding Via. I don't think they would appreciate it and I don't think you should make comments that put them at risk like that.

If you've got enough money to act frivolously with it (investors money) then good for you, but you don't need to go around bragging and bad mouthing crypto, especially when you're part of the ecosystem.
Obviously you are not at risk from the Viacoin price falling since you don't own any (neither do I any more) but spare a thought and have some respect for those that do.

[Bicknellski]

This is not a court of law.

[watashi-kokoto]

It may or may not be written by Derek or whoever that is.