I propose that instead of being part of a scam, countries are doubling down on restrictions as a denial reaction to being scammed
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So I feel the need to do this, in attempt to protect some people. I BELIEVE
@WARONRUGS
is scamming it’s following. They came from ASEAL, the group that was anti rug and ended up rugging. I shilled I am aware, I made concerns clear in a hope to protect my following and (1/?)
I am here to once again try and do this. Shappy one of the admins, dumps on all of you his following after loading his bag very early with projects they may or may not be paid to endorse. There have been examples of those projects for example, “just hodl” the (2/?)
project that followed ASEAL ended in a rug. The reason I know this for a fact is I have his wallet address. Shappy during the ASEAL admins days knew forced admins to verify their addresses. (3/?)
Shappy dumped all of his ASEAL tokens two days before the announcement that the liquidity was being drained. You can see my tweet here:
Video proof of Shappys dm and wallet:
@WARONRUGS
is scamming it’s following. They came from ASEAL, the group that was anti rug and ended up rugging. I shilled I am aware, I made concerns clear in a hope to protect my following and (1/?)
I am here to once again try and do this. Shappy one of the admins, dumps on all of you his following after loading his bag very early with projects they may or may not be paid to endorse. There have been examples of those projects for example, “just hodl” the (2/?)
project that followed ASEAL ended in a rug. The reason I know this for a fact is I have his wallet address. Shappy during the ASEAL admins days knew forced admins to verify their addresses. (3/?)
Shappy dumped all of his ASEAL tokens two days before the announcement that the liquidity was being drained. You can see my tweet here:
Eh if you\u2019re still in I would advise getting out. They have continued to do dumb things since I left and this is the worst. If you want to stay all power to you. $ASEAL https://t.co/8UM0UjgONj pic.twitter.com/OKBRYoaRTb
— Jack.MN\u22f0\xb7\u22f0 (@Arkeon_Vito) November 11, 2020
Video proof of Shappys dm and wallet:
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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.