‘Stop Calling Him Oracle’: Paragon, Dentacoin and BCH Haunt Vinny Lingham

vinny lingham BTC price

Civic CEO Vinny Lingham is the topic of no confidence calls this week after his startup partnered with controversial blockchain entity Dentacoin.


Dentacoin Goes For Damage Control

Lingham, who raised $33 million for Civic in an initial coin offering final yr, had remained largely quiet relating to use of the funds, the continuing cryptocurrency bear market taking a heavy toll on its CVC token 00 which presently trades at file lows.

Netherlands-based Dentacoin, which itself has gained a doubtful status over the legitimacy of its operations, will now use Civic’s companies to authenticate candidates for its dental well being coaching.

News of the partnership instantly noticed combined opinions, CVC buyers having eagerly awaited information of a turnaround transfer which might improve their fortunes.

On Twitter, customers drew parallels between Dentacoin and Civic’s earlier cope with Cannabis startup Paragon in August. Paragon, which likewise raised a big quantity by way of an initial coin offering, had made little progress past token gestures resembling opening coworking areas, Bitcoinist reported.

Last month, the US Securities and Exchange Commission (SEC) succeeded in ordering Paragon to repay hundreds of thousands of {dollars} in contributions and fines over failure to adjust to securities legal guidelines.

Dentacoin was pressured to reply to the barrage of criticism.

“This is another great step forward towards creating a seamless UX and authentication across all our tools. Leave your username and password in the past, for CivicConnect and Dentacoin are here to take you to the future,” an official wrote.

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Delphic Oracles

Paragon and Dentacoin are simply the most recent PR battles in what has been a troubled yr for Lingham. In January, the entrepreneur publicly stated altcoin Bitcoin Cash (BCH) was “undervalued” as altcoin markets reached all-time highs.

“When I look at it from a product standpoint, I think the greater demand is for peer-to-peer cash than digital gold,” he informed CNBC, referring to Bitcoin Cash over Bitcoin, respectively.

CNBC had referred to Lingham with the nickname ‘Bitcoin Oracle.’

In the following eleven months, BCH 00 has break up into two chains and misplaced the overwhelming majority of its worth, one chain like CVC trading on the lowest ranges in its historical past.

Unsurprisingly, the interview has come again to hang-out Lingham, one person interesting to CNBC on Twitter following the Dentacoin announcement:

“Please stop calling Vinny the Bitcoin Oracle.”

What do you consider Vinny Lingham’s forecasts and Civic partnerships? Let us know within the feedback under!


Images courtesy of Shutterstock

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