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January 25 2022 12.14pm

$CPFC Socio's.Com

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View becky's Profile becky Flag over the moon 10 Dec 21 8.59am Send a Private Message to becky Holmesdale Online Elite Member Add becky as a friend

Originally posted by croydon proud

I was just thinking I can"t be arsed to try and understand all this crypto stuff, i"m stuck in the cash only taxi world of yesteryear, then you come out with a phrase on here I never heard of! What does pinning this thread mean?

If you look at the title of this thread on the Palace Talk board, you will see that there is a red drawing pin to the left of the title.

Pinning means I went over to Hol Towers (where the mods live) and got the pin and stuck it in the board so the post can't slip down and get lost in the rest of the posts on there.

Hope this helps

 


A stairway to Heaven and a Highway to Hell give some indication of expected traffic numbers

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View Badger11's Profile Badger11 Flag Beckenham 10 Dec 21 9.02am Send a Private Message to Badger11 Add Badger11 as a friend

What a rip off I hope Palace fans avoid this it will all end in tears and somebody is going to lose money probably the supporters.

 


One more point

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View Dubai Eagle's Profile Dubai Eagle Flag 10 Dec 21 10.28am Send a Private Message to Dubai Eagle Add Dubai Eagle as a friend

With all of these types of "schemes" I have 2 rules -
a) Don't invest in something that you don't fully understand.
b) Only play with money that you can afford to lose.

 

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View martin2412's Profile martin2412 Flag The Big Wide World 10 Dec 21 10.55am Send a Private Message to martin2412 Add martin2412 as a friend

[Link]

 

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View Aray's Profile Aray Flag South London 10 Dec 21 2.29pm Send a Private Message to Aray Add Aray as a friend

The club has made a few missteps over the years but this is right up there. Quite how the owners think they can encourage the purchase of crypto currency on the basis of enhanced engagemnent is beyond me. Shame

 

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View orpingtoneagle's Profile orpingtoneagle Flag Orpington 10 Dec 21 3.41pm Send a Private Message to orpingtoneagle Add orpingtoneagle as a friend

The club needs to re think this one pronto.

Looks like it was thought up by the organizers of the Downing St Xmas party.

Fans should simply boycott it and hit the club where it hurts - in the pocket.

 

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View ASCPFC's Profile ASCPFC Flag Pro-Cathedral/caravan park 10 Dec 21 5.29pm Send a Private Message to ASCPFC Add ASCPFC as a friend

Just come out and plain ask us for money for the new stand.

 


I used to put the manager's name in front of Red and Blue but got fed up with changing it. If someone cool becomes our manager then maybe..

Red and Blue Army!

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View YT's Profile YT Flag Oxford 10 Dec 21 7.47pm Send a Private Message to YT Add YT as a friend

It's all changed since my day, when your main financial transaction other than admission was the purchase of a Kia-Ora in the main stand.

 


Palace since 19 August 1972. Palace 1 (Tony Taylor) Liverpool 1 (Emlyn Hughes)

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View Goal Machine's Profile Goal Machine Flag The Cronx 11 Dec 21 8.51am Send a Private Message to Goal Machine Add Goal Machine as a friend

Originally posted by SW19 CPFC

I highly recommend reading it all, but this should summarise well enough

‘If consumers invest in these types of products, they should be prepared to lose all their money and they are unlikely to have access to any redress or compensation schemes,” an FCA spokesperson told The Athletic.’

‘There is a key difference between Football Index and Socios, though. The former was regulated by the UK Gambling Commission and was required by the UK Financial Conduct Authority to run prominent disclaimers saying that the product carried financial risk. Reading about the volatile world of Socios, with traders buying low and selling high, and ordinary fans potentially carrying the can, you may be wondering what rules and regulations are in place to protect consumers or how the company advertises. The answer is: none.’

Run away. Far far away

And complain to the club. Write to Parish. We shouldn’t be entertaining this nonsense.

Cheers, just read it. Poor indeed for the club to get involved in this. Parish has let himself down.

I’m not a crypto guy, but as I understand it, this looks to prey on naive fans who think that buying Socio’s gives them a say in the running of the club whilst having the opportunity to benefit financially if the club succeed. The reality is you get a minuscule vote on the design of the team bus and the value of your investment is actually influenced by Socio’s as they can manipulate the market, to their advantage, with their +30% ownership of the currency - as per the case with Messi signing for PSG and Atletico winning La Liga. Furthermore, as not regulated, the is no recourse when your investment inevitably fails.

It’s this sort of crap that makes my job (as an IFA) difficult as people are so distrusting of investing in general.

This is going to cause a stink.

Edited by Goal Machine (11 Dec 2021 8.57am)

 

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View Badger11's Profile Badger11 Flag Beckenham 11 Dec 21 9.03am Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by Goal Machine

Cheers, just read it. Poor indeed for the club to get involved in this. Parish has let himself down.

I’m not a crypto guy, but as I understand it, this looks to prey on naive fans who think that buying Socio’s gives them a say in the running of the club whilst having the opportunity to benefit financially if the club succeed. The reality is you get a minuscule vote on the design of the team bus and the value of your investment is actually influenced by Socio’s as they can manipulate the market, to their advantage, with their +30% ownership of the currency - as per the case with Messi signing for PSG and Atletico winning La Liga. Furthermore, as not regulated, the is no recourse when your investment inevitably fails.

It’s this sort of crap that makes my job (as an IFA) difficult as people are so distrusting of investing in general.

This is going to cause a stink.

Edited by Goal Machine (11 Dec 2021 8.57am)

Thanks GM that was my gut reaction as well.

 


One more point

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View Dubai Eagle's Profile Dubai Eagle Flag 11 Dec 21 9.52am Send a Private Message to Dubai Eagle Add Dubai Eagle as a friend

Whilst I was working overseas (this was maybe about 10 years ago) there was a sudden rush of adverts on the radio from one of the major credit card companies - they had launched a new product -
The Manchester United Credit card - it was of course exactly the same as their usual credit card offering, except it had Man Utd name & logo written on it (alongside theirs)as far as I could see there were no preferential terms or other benefits- just using the name.

 

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View 20 Spaces Isnt Enoug's Profile 20 Spaces Isnt Enoug Flag Bolton 11 Dec 21 12.09pm Send a Private Message to 20 Spaces Isnt Enoug Add 20 Spaces Isnt Enoug as a friend

[Link]

Only 56 reviews but enough to be worried about

 

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