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Beware of Instagram scam posing as Calvin Ayre asking for Bitcoin SV investments

Calvin Ayre, founder of CoinGeek.com and CalvinAyre.com, is a well-known ambassador for Bitcoin, now reborn in the form of Bitcoin SV (BSV). While he enjoys promoting growth in the Bitcoin industry, he doesn’t look to Instagram accounts for clueless brands to get rich quick.

The editor-in-chief of CalvinAyre.com, Bill Beatty, was recently lucky enough to be contacted by “Calvin Ayre” via Instagram. Unless it wasn’t the real Calvin Ayre, but a fake account under the handle c_ayre_.

Scammers. That should be fun. pic.twitter.com/WzLKpCUmJJ

– Everything nice? (@mistabill) February 25, 2020

Unfortunately for the scammer behind the account, Beatty was possibly the worst person to attempt to carry out this scam, with Calvin Ayre being the only worse choice. You see, Beatty has worked for Ayre for over a decade, and a man who claims to be him on Instagram would know better than to make introductory small talk.

pic.twitter.com/NJc6GFCt0K

– Everything nice? (@mistabill) February 25, 2020

But just in case Beatty was confused, the possible get-rich-quick scheme the scammer was offering made pretty clear that this couldn’t possibly be the real Calvin Ayre.

Here comes the question. pic.twitter.com/wq6T0sNuDb

– Everything nice? (@mistabill) February 25, 2020

After discussing some of the details of this mining investment opportunity, the whole thing became clear. This scammer tried to trick investors into sending BSV to a HandCash wallet address and promised regular returns on investment. We are about to get into the ridiculousness of this request.

Before Beatty closed the conversation, he was trying to get a better sign up bonus offer since he can’t resist pinning such scammers. Once again, c_ayre_ didn’t understand his own scam and pretended it wasn’t his call, something the real CoinGeek founder would never have a problem with.

pic.twitter.com/OQUe32tNvZ

– Everything nice? (@mistabill) February 25, 2020

After a rather pleasant chat with the pathetic scammer, Beatty reported the account to Instagram and it was quickly banned.

For those who may need advice, guaranteed returns from any type of digital asset mining are never guaranteed. While the BSV industry is thriving and doing more to give miners power and greater financial incentives, a fixed return on investment can never be guaranteed. There are just too many variables to consider, such as current BSV price, difficulty mining a block, and competition from other miners.

It is also incredibly unlikely that Calvin Ayre will ever reach potential investors via DM asking them to send BSV to a HandCash address. The Bitcoin Global Ambassador is known for investing in BSV companies, including those that are mining BSV, and doesn’t require small donations from individual Instagram users to further promote BSV.

In reality, Ayre is looking for reputable FSIO companies that want his investment. At the recent CoinGeek in London, Paul Rajchgod, General Manager of Private Equity at Ayre Group, told the assembled audience that, with serious investment potential and a promising business model, Ayre was very willing to consider betting on companies that could grow the world from BSV, the fastest growing blockchain in the world.

This article was first published on CalvinAyre.com (link to: https://calvinayre.com/2020/02/26/bitcoin/instagram-fraud-posing-as-calvin-ayre-asking-for-bitcoin-sv-investments /).

New to Bitcoin? Read CoinGeek’s Bitcoin For Beginners section, the ultimate resource guide, to learn more about Bitcoin – as originally envisaged by Satoshi Nakamoto – and blockchain.

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