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jscott · 07-17-2023, 10:02 PM

His sig: "High yields from stablecoins at elephant.money, Trustless, lossless farming from one of the biggest BNB holders on the blockchain"

red flag #1 - high yields. I saw one page of ElephantMoney that says they get up to 50% APY lol. That is insane high and only can offer that if SUPER high risk or scam. That is what caused the crypto implosion last year, companies like Blockfi, Celsius, etc offering high yield and when BTC dropped they all fell like dominos (even they didnt offer as extremely high as 50% tho lol, that's just insane)

red flag #2 - trustless - that's a lie, every centralized altcoin/ponzi/company has a leader/founder/central authority that you must trust.

red flag #3 - lossless - If he means you have no chance of "loss" this is a HUGE red flag and this is usually a sign of a affinity scam or ponzi, (see every example of ponzi or affinity scams, ie: lookup "Bint")

red flag #4 - his post he calls this a better store of value than Bitcoin, even tho existed for only a year. 99% of altcoins fail whilst BTC has survived as #1 for almost 15yrs unscathed. When daring to say something is a better store of value, time does matter.

This is all from just his sig&post, so imagine the other marketing tactics they're using to reel in your cash flow.

07-17-2023, 10:02 PM
jscott So Fucking Banned Industry Role: Join Date: Feb 2001 Location: Taipei Posts: 25,198	His sig: "High yields from stablecoins at elephant.money, Trustless, lossless farming from one of the biggest BNB holders on the blockchain" red flag #1 - high yields. I saw one page of ElephantMoney that says they get up to 50% APY lol. That is insane high and only can offer that if SUPER high risk or scam. That is what caused the crypto implosion last year, companies like Blockfi, Celsius, etc offering high yield and when BTC dropped they all fell like dominos (even they didnt offer as extremely high as 50% tho lol, that's just insane) red flag #2 - trustless - that's a lie, every centralized altcoin/ponzi/company has a leader/founder/central authority that you must trust. red flag #3 - lossless - If he means you have no chance of "loss" this is a HUGE red flag and this is usually a sign of a affinity scam or ponzi, (see every example of ponzi or affinity scams, ie: lookup "Bint") red flag #4 - his post he calls this a better store of value than Bitcoin, even tho existed for only a year. 99% of altcoins fail whilst BTC has survived as #1 for almost 15yrs unscathed. When daring to say something is a better store of value, time does matter. This is all from just his sig&post, so imagine the other marketing tactics they're using to reel in your cash flow.