reflexivity ツ

we all love a good chinese pussy. bullish on $NVDA

Congratulations on being Top 5 on @fomo leaderboard my cousin @The__Solstice 😭

hahahahahaha

there is zero social accountability right now and social accountability doesn't do shit in crypto. when everyone is openly pumping and dumping from side wallets, mass bundling and launching scam coins every day and getting paid for it all the incentives lead to more crime and grifting even if there is accountability from the participants what is going to be done for the millions of dollars of damage that has already happened. i can't believe that all these people live in the US and do pump and dump all day long and face zero legal consequences. there were consequences if you were a US citizen and doing this kind of activity 5 years ago. safemoon ceo was jailed 6 years after he launched safemoon and charged millions in fine. the statute of limitation for the SEC and the CFTC is still 5 years. just because the current administration is not going after you doesn't mean you are safe from the next one just take one precedent, one case to send all of these people to be fined and jailed there are few law firms that will make a case for you for free. i know @BurwickLaw is one of them. it takes only one person and one case to make a change. i think we see it happen sooner.

I think all of this stuff is actually very simple tbh. You act as a billboard for these coins by retweeting, interacting or hosting spaces etc with the celebrity. Then the coins rug and the celeb or Sahil or whoever makes money. Their plan is obvious: make the coin go up by getting attention to it via you (as you have written and acknowledged, attention is very valuable). Your followers will gamble on stuff that you have mentioned in a hope you’ll mention it again, or that they’ll hit an Iggy-style multiple. And that injection of $ makes it possible for celeb to make 100k or whatever and leave. And, you have been a proponent of select celebrity coins, which endorses a “meta” even without direct endorsement of some coins — since there is no explainable framework where Iggy’s coin is good but Soulja Boy’s is bad. The only difference is how long they are waiting to sell. The answer for you is simple: completely stop interacting with these people in public until you have evidence of good faith — which is likely them taking significant financial risk (eg buying a lot of something) rather than taking zero financial risk (eg only selling something). If you have a large account and a bunch of followers that ape a lot of stuff, unfortunately extractive actors will try to groom you or use you for their own personal gain. It sucks actually, and it’s almost impossible to entirely defend against without becoming a jaded recluse. But celebrities are at least very easy to avoid. If they want to “get into crypto” then they should put $ where their mouth is and buy coins like the rest of us do. That’s what being in crypto is. If they don’t want to do that, ask yourself, why would these celebrities want to suddenly be your friend?

i paid @blknoiz06 ~100k to push $MOTHER was a big debate back then.