SiNtx Technologies Inc (SINT)

[boston745]

Looks like those hfunds are pumping and dumping for some more profit.

Dont you find it funny that China of all places banned Crypto? We can believe it was to protect its citizens from those scams as claimed.

"Virtual currency-related business activities are illegal financial activities," the People's Bank of China said, warning it "seriously endangers the safety of people's assets".

However, given how import of a tool it is to the CIA, i'd say its more to do with that.
Crypto depends on hype and market manipulation just like Tesla did to get to where it got to. Since the hype has faded so too has Teslas stock and now vehicle sales. However unlike crypto, Tesla does have the sales of vehicles to fall back on preventing the same dump effect. Again, Teslas sales of vehicles were inflated by hype around FSD/robotaxi and the increasing stockprice which allowed alot of investors to buy Teslas with their gains. Cyclical feedback. Tesla would likely be bankrupt had it not been for that massive hype pump that made so many people alot of money. Hell the entire EV industry wouldnt be what it is without it.

Its value is being lauded as a speculative asset, derived from increases generated solely from increased demand, and not as a stable asset. Buying it leads to higher prices, which raises hype, which leads to higher buying, and repeat. The hype cycle doesn't seem sustainable. Once investing starts to slow, the market value would stagnate compared to actual business ventures that generate actual income and value, so Bitcoin would inevitably be sold, starting the inverse of that cycle and therefore collapse.
I heard on a finance podcast that, for a lot of different digital currency brands, much of the coins are held by just a few key shareholders, risking the likelihood of a "pump and dump" because those key shareholders are betting on #1 happening and they want to sell their stock before the crash, with said selling actually causing it.

Bitcoin is the only thing in this world that is given an incredible amount of value, with absolutely nothing backing it except collective faith.

It may become a stable asset at some point, once adoption has reached massive, global, decentralized levels. But that is currently not the case. It’s still very vulnerable to value manipulation by large players who hold large amounts.

Cryptocurrency is a scam.

All of it, full stop — not just the latest pump-and-dump “shitcoin” schemes, in which fraudsters hype a little-known cryptocurrency before dumping it in unison, or “rug pulls,” in which a new cryptocurrency’s developers abandon the project and run off with investor funds. All cryptocurrency and the industry as a whole are built atop market manipulation without which they could not exist at scale.

This would, of course, kill off cryptocurrency almost entirely, relegating it back to an oddity of the tech enthusiast. No one should shed a tear. Cryptocurrencies have virtually no legal use case. They’re great for facilitating ransomware, laundering money, distributing narcotics and child porn, running Ponzi schemes, and… not much else. They fail as currencies due to high transaction costs. They fail as “digital gold” or a “store of value” because they consume ludicrous amounts of energy to run what is essentially a glorified spreadsheet.

China already banned cryptocurrencies entirely, and India and Pakistan are poised to do the same.

US intelligence will not want Crypto banned as it uses the tech for operations including surveillance. Just like its drug running days, you know the CIA is making money off crypto too.

Michael Morell, who served as acting director of the agency on two separate occasions under President Obama, also sees the value of Bitcoin to the intelligence community.

Earlier this year, Morell called blockchain technology a "boon for surveillance" in a report, published by the Coinbase- and Square-led Crypto Council for Innovation. The report defended the cryptocurrency against claims that its best use case is for criminal enterprise. Instead, the public nature of transactions makes it an "underutilized forensic tool for governments to identify illicit activity."

Quote Sources:

https://jacobin.com/2022/01/cryptocurrency-scam-blockchain-bitcoin-economy-decentralization
https://decrypt.co/87768/cia-confirms-rumors-working-cryptocurrency-projects

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In regards to Tesla being a bigger scam than Theranos, it comes do to this:

What constitutes a fake it until you make it scam?

it was arguably a referendum on “fake it till you make it” practices, such as intentionally overstating, and thereby misrepresenting, a fledgling company’s current capabilities, success, or profitability, while banking on the notion that its aspirations will eventually follow the desired trajectory and become a reality.

Is that not exactly what Elon Musk did when he made a series of promises 8 years ago that helped Tesla drive its valuation, sell more vehicles, and net him billions in gains via his enormous share count? This scheme was so successful that sales grew in part because a lot of people invested in TSLA, used their gains to buy 1 or more of Teslas vehicles; some of which then sold them for profit on the secondary market because of all the hype around Tesla coupled with shortage in supply. Without said fake it until you make it scam, Tesla and the greater EV market would likely be on its last breath; at least in the US and Europe.

https://corpgov.law.harvard.edu/2022/01/30/theranos-the-limits-of-the-fake-it-till-you-make-it-strategy/