I do have a more important question. Where the hell did all that money go? I am sure Pornhub charged a lot for making a rather mocking video like this one.

Needless to say, XVG is on a downslope and God knows when the dump will stop. Even the most optimistic investors are now just laughing at the " big announcement". A lot of other porn websites are accepting XVG as well and all of them are a part of the MindGeek network. This really doesn't change anything, I just wanted to point that out. Even if the whole MindGeek network accepts XVG it doesn't change the fact that this is no big partnership but a payment option. I did send an email to MindGeed to ask how much do they charge to add a cryptocurrency as payment on their website. Won't be surprised if they say it's free but let's wait for a response if I ever get one.

I have to be honest. I had hopes that I was wrong in my previous post . With all the optimism in the XVG community, I really wanted to see a partnership of any kind. And now we are left with this: Pornhub accepts XVG as a payment... Wow... Did you know that Dogecoin is also accepted as a payment option on a lot of poker websites and online shops ? What a fucking surprise...

But the bigger question is why are we still getting lies that some of the crowdfunding was spent on Ledger integration?

Source.

I need to take a second to clarify " International press releases and news coverage."

For those of you who aren't informed, journalism doesn't work like this. You issue a press release, a media outlet picks it up and decides if they want to publish it or not. How do they pick it up? You either publish a press release on a platform that is specialized for that, or email the media outlet. This was not newsworthy but Forbes did publish an article about this "partnership". This means that it was a paid article so technically, that wasn't news but a paid promotion. In other words, a big media outlet like Forbes did not recognize this as a game-changing partnership but they just took the money and published an ad... The whole post wasn't even written by a journalist that works for Forbes but a contributor that probably has no idea how the markets work. I realized this after reading the article and found this line: " This mystery partnership caused the price of Verge to skyrocket this week, and it will surely go up as this news breaks around the internet. You see, if you haven't noticed by now — once the porn industry embraces a technology, that technology tends to begin to thrive."

I guess we have to thank the porn industry for VR becoming mainstream? And if this guy is to be trusted we should also invest in XVG because it will skyrocket again!

The medium article by the XVG team also states that some of the funds will be spent on " a massive marketing campaign to span the globe." I can't wait to see that one...

I just want to bring things into perspective here. The big news every XVG investor was waiting on was a payment option. If you compare that to Ripple that has closed a deal with Santander and has Western Union testing their tech, these guys should be shitting their pants and expecting XRP to cost $100 a coin in less than a year. I am not advocating for XRP here in any way, I am just comparing these two, if there is anything to compare...

So, XVG investors that ignored all the red flags... Congratulations. Your crowdfunding money was spent on paid articles and a payment option on porn websites. I hope we have all learned a lesson here and I also hope none of you lost a lot of money on this shitshow. Please be careful with your investments and don't ignore clear warnings.

Untill next time.