Finance guru Ronnie Moas has a track record for selecting the right actions, but later in his career, Moas was asked to enter the cryptocurrency space and claimed it would be "Synonym of Bitcoin". Success with this, however, has now taken a turn towards the conflict.
The founder of Standpoint Research, based in Florida, conducts market analysis on securities, cryptocurrencies, bonds and other assets that are all dependent on Moas as it is a one-man operation.
In a new podcast interview on Bitcoin, Moas said "I am one of the most highly regarded and top-rated analysts in the financial services industry, I have a top 20 ranking for my performance compared to more than 4,700 professionals … and my company ranked 5th in Wall Street in 2017. "
The Dignity Token affair
During the summer of 2017, Arbitrade got in touch with Moas to conduct an analysis for his company "internal use". Arbitrade is the parent company of Cryptobontix which is an issued cryptocurrency called the Dignity Token. Dignity is a cryptocurrency that makes it bold to say that each token is backed by a dollar in gold. Cryptobontix is the company that is pushing the project where they plan to pay gold using profits in the mines.
Subsequently the company merged with Arbitrade, which is the company now "Taking advantage of proven financial technology" which "It combines a financial matching engine … and smart contracts to enable market participants and institutions to buy and sell regulated security tokens."
As reported by CryptoSlate, in September 2017, it was recommended to a small group of paid Standpoint subscribers to buy DIG. by February 2018, Moas sent a mass e-mail to the whole subscriber base with the recommendation to buy DIG, it is something he described as a "Impulsive reaction".
After getting a good reaction to the token, Moas continued to push harder on the merits that the Dignity token has on Twitter and thereby assuring buyers that the coin was 100 percent legitimate. He also added in other tweets that it is not possible that it is a scam because they are too expensive to be used at that level.
To be honest with Moas, he actually believed that the token was legitimate, but by the end of 2018 he had completely changed his point of view and started to say that the token was a scam to avoid. However, despite Moas explaining Arbitrade's founders on social media, he went further to post phone numbers, addresses, license plates and other similar types of information. The Moas sequel was in turmoil and began to threaten the founder in emails, tweets, and so on.
Moas believes he is the victim here and when asked why he was not worried about DIG, before he simply said it "It does not do background checks".
What are your thoughts? Let us know below!