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Crypto enthusiasts are always deemed a bit nutty by the public. Bitcoin<\/a>, specifically to them, is an abstract concept that often represents little-to-zero intrinsic value, and altcoins aren\u2019t much better. And unfortunately, the public\u2019s negative conjectures towards the cryptosphere were confirmed on Saturday, as a Hong Kong Bitcoin millionaire dispensed millions of the local currency onto the public in an apparent publicity scheme.<\/p>\n On Saturday evening, reports arose that a hooded man was spotted around Fuk Wa Street and Sham Shui Po, one of Hong Kong\u2019s most underprivileged neighborhoods. The man,\u00a0who was revealed to be serial cryptocurrency entrepreneur Wong Ching-kit, purportedly began to throw millions of Hong Kong<\/a> dollars (HKD) onto the crowd below. Although police reportedly<\/a> advised the public not to pick up the cash,\u00a0the allure of no strings attached money overcame the authorities\u2019 cries, as members of the public scrambled to obtain the seemingly endless stream of fiat.<\/p>\n Chinese 24 year old Bitcoin Millionaire Wong ching kit \u9ec4\u9266\u6770 AKA bi shao ye \u5e01\u5c11\u7237 (Mr coin ) throws 100\u2019s of millions of HKD from the roof top. He said \u201che feels as if he is god and he is responsible to teach the world about bitcoin.\u201d Is this a sign of a bullrun incoming or ?! pic.twitter.com\/IfgKykB0ME<\/a><\/p>\n \u2014 Mia Tam (@_blockandchain_) December 16, 2018<\/a><\/p><\/blockquote>\n At first, it wasn\u2019t made clear who was behind this act of charity, nor the reason for it.\u00a0But, as locals dug, they found a video of a man, known as Wong Ching-kit to most, addressing his Facebook followers after the stunt.<\/p>\n Contained in the video<\/a>, which has since garnered hundreds of social media shares, is Wong embarking on a monologue, telling the camera that he was \u201crobbing the rich to help the poor.\u201d According to Mia Tam, a self-proclaimed \u201cChina crypto insider,\u201d the crazed individual also claimed that he \u201cfeels as if he is a god,\u201d before adding that he\u2019s responsible to \u201cteach the world about Bitcoin.\u201d<\/p>\n Initially, it seemed as though the stunt had paid off, as local media rushed to praise Wong for aiding the region\u2019s underprivileged demographic. Yet, as later revealed in an expos\u00e9 Twitter thread<\/a> from Leo Weese, a Bitcoin enthusiast situated in Hong Kong, Wong, who also goes by a number of monikers, has had a more than checkered history. Weese claimed that he is \u201cwell-known\u201d in the local crypto ecosystem for heading a \u201cpyramid-like scheme,\u201d before lambasting local outlets for praising a supposed criminal. Backing his inflammatory\u00a0claim with some facts, Weese drew attention to an article that revealed he was associated with the so-called \u201cLondon Golden Scam.\u201d<\/p>\n According to Channel NewsAsia<\/a>, Wong was arrested for \u201cdisorderly conduct in a public place,\u201d not for his supposed involvement in mischievious crypto-related schemes. Still, many cryptocurrency savants see value\u00a0in charity.\u00a0Coinbase<\/a> recently donated $10,000 worth of BTC to Syrian refugees, also contributing the same dollar sum in ZCash (ZEC) to Venezuelan families in the days prior.<\/p>\n <\/p>\n The post Hong Kong Bitcoin Wiz Throws Millions From Rooftops, Subsequently Arrested<\/a> appeared first on NewsBTC<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin Millionaire Embarks On Apparent Publicity Stunt<\/h2>\n
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It Isn\u2019t All Sunshine And Rainbows<\/h2>\n
Featured Image from Shutterstock<\/pre>\n