DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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Gather round children, time for more heartwarming stories in the wild, wonderful world of crypto.
Ah yet another crypto project rugged at its users hard.
This time, running away with 519 ETH or about $815K.
Painful indeed.
But for weeks, Crypto Twitter has been warning of SudoRare being a scam.
The team is anonymous.
They refuse to dox themselves.
The tokenomics makes no sense.
The were rumours of fake followers for their socials.
The tokenomics is may or may not check out but who’s looking at them closely?
Rugpulls has become so common that we don’t even report it anymore.
The crypto community is so used to such grifts and scams that we all just accept it.
Like accepting mosquito bites when we enter a jungle.
Like accepting sunburns when we spend too much time frolicking in the pool.
I won’t dive too much into the details but it was a classic rugpull scenario.
New project come up, promising better utility, capitalising on more established and well-known projects, namely SudoSwap and LooksRare.
SudoRare promised better yields so naturally everyone decided to stake their tokens there.
Lots of hype and teasing before the project went live.
6 hours after going live, the thieves then suck up all tokens and swapped them to ETH.
The stolen ETH were transferred to 3 separate wallets.
But all of the wallets have been revealed and people are tracking them 24/7.
How did the culprits think they could get away with something so blatant and foolish?
Are they planning to use a Tornado.cash equivalent to wash the money?
So much effort for money they possibly can’t use.
Anyhow, did anyone bothered to check the smart contracts and codes?
Aren’t there ways to prevent the entire liquidity pool from being drained within a short period of time after the project goes live?
Get a squad to verify the smart contracts legitimacy.
Seems like a pretty straightforward way to cleanse the system of all bad actors.
A new project comes up?
Good.
Establish a decentralised team of programmers who will be paid by the new project to check through and verify the smart contracts.
If it checks out, a certificate and report will be minted on the blockchain.
That way, it will be verifiable, immutable and trustable by the community as a whole.
No cash to pay upfront?
No problem, give some tokens or coins or NFTs from the project.
If a project refuses, you know they shady.
Great idea?
Awesome, if you work on the idea, give me a shoutout.
Follow me for more brilliant crypto and web3 ideas I randomly concoct in the shower.
=)
-
Will scams and rugpulls be a part of crypto for a long time?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #nft #metaverse #rugpulls #rugged #sudorare #developers #hackers #grifts #scams #sudoswap #looksrare
Gather round children, time for more heartwarming stories in the wild, wonderful world of crypto.
Ah yet another crypto project rugged at its users hard.
This time, running away with 519 ETH or about $815K.
Painful indeed.
But for weeks, Crypto Twitter has been warning of SudoRare being a scam.
The team is anonymous.
They refuse to dox themselves.
The tokenomics makes no sense.
The were rumours of fake followers for their socials.
The tokenomics is may or may not check out but who’s looking at them closely?
Rugpulls has become so common that we don’t even report it anymore.
The crypto community is so used to such grifts and scams that we all just accept it.
Like accepting mosquito bites when we enter a jungle.
Like accepting sunburns when we spend too much time frolicking in the pool.
I won’t dive too much into the details but it was a classic rugpull scenario.
New project come up, promising better utility, capitalising on more established and well-known projects, namely SudoSwap and LooksRare.
SudoRare promised better yields so naturally everyone decided to stake their tokens there.
Lots of hype and teasing before the project went live.
6 hours after going live, the thieves then suck up all tokens and swapped them to ETH.
The stolen ETH were transferred to 3 separate wallets.
But all of the wallets have been revealed and people are tracking them 24/7.
How did the culprits think they could get away with something so blatant and foolish?
Are they planning to use a Tornado.cash equivalent to wash the money?
So much effort for money they possibly can’t use.
Anyhow, did anyone bothered to check the smart contracts and codes?
Aren’t there ways to prevent the entire liquidity pool from being drained within a short period of time after the project goes live?
Get a squad to verify the smart contracts legitimacy.
Seems like a pretty straightforward way to cleanse the system of all bad actors.
A new project comes up?
Good.
Establish a decentralised team of programmers who will be paid by the new project to check through and verify the smart contracts.
If it checks out, a certificate and report will be minted on the blockchain.
That way, it will be verifiable, immutable and trustable by the community as a whole.
No cash to pay upfront?
No problem, give some tokens or coins or NFTs from the project.
If a project refuses, you know they shady.
Great idea?
Awesome, if you work on the idea, give me a shoutout.
Follow me for more brilliant crypto and web3 ideas I randomly concoct in the shower.
=)
-
Will scams and rugpulls be a part of crypto for a long time?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #nft #metaverse #rugpulls #rugged #sudorare #developers #hackers #grifts #scams #sudoswap #looksrare
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