This journey has brought me to the conclusion that almost no tokens beyond the CMC Top 50 core currencies are worth investing in. This has made me a Bitcoin core maxi; however it’s headed down that path with Ordinals now. I have reduced all my holdings in Ether.
If transactions for this current wave of memecoins created crazy overinflated gas fees that easily, what’s stopping the crapcoin creators from essentially DDOSing the Ethereum network and fucking the entire thing up for everyone? The bots are the problem. Ethereum core is bugged/worked/hacked/controlled, however you want to describe it.
They are wash-trading billions a day. A day. And siphoning all the liquidity they can before people notice. And it’s because they own the Uniswap LP’s that are the only place to buy the new coin, which in the biz, is called a cornered market and are illegal *shocked Pikachu* They also share ownership over the LPs to keep everyone happy. Which is why they were bigmad at me that I got more than my fair share, which is 0.
So while the Ethereum network gets all the money from the fees, the botters prey on the fomo and get a percentage in fees from the LP as well. They prey on fervor. Attention and engagement equal money, so they’ve created a market for that too. The intensity, adrenaline, and dopamine people get when they dream about being rich for a few short moments of the day before they turn back to the grind. They’re hacking you. Stop being a bagholder.
I turned $300 into a billion, potentially, but locked it up forever on Arbitrum. I outed a modmole©2023 on r/Loopring and possibly r/Superstonk. I shone a light on a relationship between the modmole and the Loopring dev team. On one between the Loopring team and Pepecoin creators, and on Red Packets and that they’re a scam. AMMs(Automated Market Makers) are MEV bots. This is how I upset countless others in the crypto community. Loopring should be devalued and everyone’s money returned. Coins whose only utility is to generate increasingly higher return for “investors”/stakers are scams. They are anti-innovation, because in order to pay you, they have to steal from others.
I created a following for a person none of us even knows really exists. I harvested the engagement and attention of others to ensure that the right people, saw the right message to instigate a call to action, which, for most humans with hearts, creates an odd overprotective sense of duty to use whatever little power they have, to try and stop this from happening again. I can tell it had reach, because of the influence it had… on the influencer.
I tugged on a thread of a massive Memecoin operation that the King Twit himself is in on. I showed the world, like others have already, he’s just a 50-something baby. I outed a wallet that is currently worth about $5-$10M, depending on the day. I found their exit wallets and posted them, over and over. At the very least, I slowed them down a great deal and sowed enough doubt that while it’s up now, it’ll crash hard and hopefully just disappear forever. I’m sorry if you lost your money, I really tried.
And then I took out the trash.
Share Dialog
g0hst - Chad