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...
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 ...
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
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...
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 ...
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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What does Kim Kardashian know about cryptocurrency?
Not much it seems.
But she is worth $1.8B and has more than 331M Instagram followers.
Whether we agree or not, people listen when she post a pic or say something.
It is fine when she promotes her own clothing line or cosmetics to her followers.
But when she starts touting and shilling cryptocurrencies like Ethereum Max, encouraging people to buy and hype in, it starts to cross a line.
“The U.S. Securities & Exchange Commission on Monday announced charges against Kim Kardashian for promoting a cryptocurrency without disclosing that she had been paid for the promotion. Kardashian has agreed to pay $1.26 million as part of a settlement.”
Sure its a huge fine, but its probably a sum that Kim would have forgotten by the end of a gold-laced latte.
That one advertisement paid her around $250K, so overall, she is still $1M down.
Of course Ethereum Max, which has nothing to do with the real Ethereum, crashed and burned to nothingness shortly after.
It was all a grift to hype the coin prices and cash in on the suckers who aped in unknowingly.
Wonder how many people got their portfolio demolished in the process.
Best part was the way she phrased the captions, as if it was just something she happens to stumble upon and never once indicated it was a paid advertisement.
Devious.
Goes to show we really can’t trust celebrities and whatever we see on social media.
Come on guys, any time you see a celebrity of sorts touting something so different from what they are good at or used to, its a red flag.
Celebrity fashionista praising a cryptocurrency?
Boom, red flag!
Retired Boxer touting the merits of an unknown coin?
Boom, even redder flag!
But of course, we all know the ones who would believe in these schemes aren’t the educated and savvy ones like you and I.
It is the common folk, the hard working people, the loyal fans who aren’t accustomed or unfamiliar with crypto in the first place.
Those are the ones that believe celebrities like Kim and get sucker punched in the end when the rug is pulled beneath them.
So does it mean…that she is wrong?
Perhaps, but more importantly, it is the message that the SEC wishes to send to all the other celebrities out there.
That they are watching.
They are warning: you cannot shill crypto or any other form of investments without disclosing it to the public.
For the rest of us plebeians who don’t have Kim’s looks, wealth or penchant for scamming others, just be extra careful with what you click and agree to in the web3 world.
On a more serious note, $250K for a post to target nearly 300M people in an instant + immediate celebrity endorsement.
Doing some napkin math, for every $1, the ad reaches 1,200 people.
Hmm, pound for pound, that might be the cheapest paid advertisement ever!
I bet she has a lot of Ethereum Max tokens too.
Im still betting a Kim Koin will appear very soon.
-
Is it right for celebrities to be touting cryptocurrencies?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #kimkardashian #kimk #shilling #NFT #secfine #garygensler
What does Kim Kardashian know about cryptocurrency?
Not much it seems.
But she is worth $1.8B and has more than 331M Instagram followers.
Whether we agree or not, people listen when she post a pic or say something.
It is fine when she promotes her own clothing line or cosmetics to her followers.
But when she starts touting and shilling cryptocurrencies like Ethereum Max, encouraging people to buy and hype in, it starts to cross a line.
“The U.S. Securities & Exchange Commission on Monday announced charges against Kim Kardashian for promoting a cryptocurrency without disclosing that she had been paid for the promotion. Kardashian has agreed to pay $1.26 million as part of a settlement.”
Sure its a huge fine, but its probably a sum that Kim would have forgotten by the end of a gold-laced latte.
That one advertisement paid her around $250K, so overall, she is still $1M down.
Of course Ethereum Max, which has nothing to do with the real Ethereum, crashed and burned to nothingness shortly after.
It was all a grift to hype the coin prices and cash in on the suckers who aped in unknowingly.
Wonder how many people got their portfolio demolished in the process.
Best part was the way she phrased the captions, as if it was just something she happens to stumble upon and never once indicated it was a paid advertisement.
Devious.
Goes to show we really can’t trust celebrities and whatever we see on social media.
Come on guys, any time you see a celebrity of sorts touting something so different from what they are good at or used to, its a red flag.
Celebrity fashionista praising a cryptocurrency?
Boom, red flag!
Retired Boxer touting the merits of an unknown coin?
Boom, even redder flag!
But of course, we all know the ones who would believe in these schemes aren’t the educated and savvy ones like you and I.
It is the common folk, the hard working people, the loyal fans who aren’t accustomed or unfamiliar with crypto in the first place.
Those are the ones that believe celebrities like Kim and get sucker punched in the end when the rug is pulled beneath them.
So does it mean…that she is wrong?
Perhaps, but more importantly, it is the message that the SEC wishes to send to all the other celebrities out there.
That they are watching.
They are warning: you cannot shill crypto or any other form of investments without disclosing it to the public.
For the rest of us plebeians who don’t have Kim’s looks, wealth or penchant for scamming others, just be extra careful with what you click and agree to in the web3 world.
On a more serious note, $250K for a post to target nearly 300M people in an instant + immediate celebrity endorsement.
Doing some napkin math, for every $1, the ad reaches 1,200 people.
Hmm, pound for pound, that might be the cheapest paid advertisement ever!
I bet she has a lot of Ethereum Max tokens too.
Im still betting a Kim Koin will appear very soon.
-
Is it right for celebrities to be touting cryptocurrencies?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #kimkardashian #kimk #shilling #NFT #secfine #garygensler
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