Crypto Stupidity — Act 1

Bank notes fell from the sky today, literally, in a poor neighborhood of Hong Kong.

This is how the progression of the act goes:

A man dressed in a black hoodie shouts towards the camera:

“Today, December 15, is FCC’s big day in announcing the trading race. I hope everyone here will pay attention to this important event …don’t know whether any of you will believe money can fall from the sky.” 

The camera now moves to the right and focuses on what seems like paper dropping from the sky in large amounts.

Crypto Stupidity — Act 1
As soon as the people who were [fortunately for them] present there understand what’s going on, mob starts to form with people jumping, shouting and pushing each other to get their hands on the ‘money that fell from the sky’

The viral video shows notes of HK$100 (US$13) falling on to the ground.

Police was notified which reached the area immediately and peace ensued.

The self-proclaimed ‘Robinhood’ act is believed to be performed by Wong Ching-kit a.k.a. Coin Young Master who runs a Facebook page named “Epoch Cryptocurrency”.

When he was asked about his involvement in this stunt, he side-stepped the responsibility.

‘Don’t blame it on me, I also don’t know why money could fall from the sky.’

Coin Young Master owns a company that goes by the name of Coin’s Group and has been a part of alot of media promotion of investment products.

Because of causing disorder in public, the people responsible for this act are in violation of Public order Ordinance for which the maximum penalty is a HK$5,000 fine and 12 months in prison.

Picking up and not reporting lost money is a crime in Hong Kong and the people who ‘caught’ this money today are ideally in violation too but as the intent of this act was voluntary distribution so they are not being prosecuted.

Investigations are underway to check if the money was legal or not. Multiple lawmakers have condemned this act and insisted that a full investigation will follow and requested the law-enforcement to guide the public on the usage of the collected notes.

Sarim Mehmood

An electrical engineer to be. Sarim is a blockchain & crypto enthusiast and an early investor in ETH and Ethereum based projects. Contact the editor at editor.opinions@blockpublisher.com

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