BitcoinGo claims to be an “extremely resource friendly” anonymous cryptocurrency. Find out how it works today in our review.
What Is BitcoinGo?
BitcoinGo, found online at BitcoinGo.io, is a cryptocurrency that claims to emphasize efficient resource usage, fast transactions, and anonymity.
The website appeared online in January 2018. Don’t confuse BitcoinGo.io with an earlier project that was also called BitcoinGo: that project was found online at BitcoinGo.xyz. It was announced in November 2017, but development seems to have halted.
In any case, there’s limited information about BitcoinGo.io available online. The official website features just a single sentence along with links to social media. The company’s team information also has red flags that tell us it’s a scam (they’ve stolen photos that can easily be reverse image traced to other individuals).
Let’s take a closer look at everything you need to know about this cryptocurrency.
How Does BitcoinGo Work?
BitcoinGo is a bitcoin hard fork that will make bitcoin “more accessible and simpler to use.” Three of the key goals of the platform include ease of use, anonymity, and fast payments.
The coin is listed under the symbol BITGO.
Obviously, the official website contains no information about BitcoinGo or how it works. The only real “clues” we have are from BitcoinGo’s social media pages. It has pages on Reddit, Facebook, and Twitter.
The Reddit page for BitcoinGo explains that today’s version of bitcoin is complicated, inefficient, and slow. BitcoinGo wants to fix these problems by offering a faster, simple payment solution. The development team compares the project to Ripple – but more decentralized.
Aside from “fast and anonymous transactions”, we know virtually nothing about BitcoinGo or how it plans to accomplish its goals.
Who’s Behind BitcoinGo?
The /r/bitcoingo community recently uploaded team information for the project, along with links to each member’s LinkedIn page. Team members include Michael Cho (CEO), Raymond Lawson (Team Member), Elizabeth Wan (Team Member), and Mario Williams (Team Member).
All of the LinkedIn profiles appear to be blatantly fabricated: the profiles are riddled with spelling mistakes and grammatical errors – despite the fact that team members claim to have worked at Microsoft and other tech giants. All skills and endorsements for each team member also exclusively come from other members of the BitcoinGo team – despite the vast work experience claimed by each team member, they have no recommendations from outside their BitcoinGo circle.
Typically, when a company is fabricating or hiding team information, it means you’re dealing with a scam.
As further evidence that BitcoinGo is a scam, one of the team members (listed as “Raymond Lawson”) features the same image as a Modesto, California-based doctor named Syed Zeeshan. You can view the real photo on Yelp (https://www.yelp.com/biz_photos/syed-zeeshan-a-jafri-m-d-modesto-2?select=9ctEQ9UkRmllIuvrunz3mw), then check the fake LinkedIn profile for “Raymond Lawson”.
BitcoinGo appeared online on January 22, 2018. At the time of writing, there’s no information about the project available online. The website features just a single sentence, and the company’s social media profiles contain hardly any additional information.
As far as we can tell, BitcoinGo (BITGO) claims to be a bitcoin hard fork that aims to make bitcoin faster and more anonymous. We have no idea how BitcoinGo plans to do that, and based on everything we see online, BitcoinGo is a scam.
In any case, you can stay up to date on the project by visiting BitcoinGo.io. However, based on the fraudulent team information posted online (the company has created fake LinkedIn profiles using the photos of real people unconnected to the project), we believe that BitcoinGo is a complete scam.