“People are angry that a young, black guy is raising money in this space and that I don’t have a kiss ass of Venture Capital firms or play by their rules to do it either,” said the aggravated James Edwards aka CryptoMedication to AMBCrypto. This statement came in hours after Ota Andoni explicitly stated that Ziliak Law LLC “does NOT represent Zerononcense and Cryptomedication” on her official Twitter handle.
A dive into the Crypto-Twitter/ Telegram melodrama
Four days after Peter McCormack tweeted that ProofofResearch Twitter handle was suspended “for threating to murder someone,” an Attorney at Ziliak Law LLC took to the social media to clarify that the firm had no association with Zerononcense, a crypto-research blog. This statement was put forth as the law firm was mentioned in one of the documents that were shared on Zerononcense Discussions Telegram channel. This was, however, soon followed by CryptoMedication screaming foul play on Telegram.
While the request for retweets by Ota Andoni grabbed the attention of some, it was the project that was associated with the statement that became the eye-catcher of the entire melodrama.
Zerononcesnse announced that it is raising funds, a whopping $1 million, in exchange for a 40 percent equity stake of Golden Signature Operation Inc., incorporated in Delaware (A different approach of raising funds as opposed to the mainstream ICO one in the cryptocurrency space). As a reply to a Telegram member, CryptoMedication said,
“I decided not to collect funds through super vulnerable Ethereum blockchain (and certainly not via smart contract). I use real contracts, not smart contracts.”
According to the Telegram blog, the minimum contribution was set at $1000, however, the initial offerings document shared on the social media mentioned $500,