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Old 07-18-2023, 10:13 AM  
AmateurFlix
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Join Date: Jul 2004
Posts: 7,761
Quote:
Originally Posted by AmateurFlix View Post
So what's your incentive for promoting bitcoin?
Someone paying you for that sig link and your poorly informed keyboard diarrhea?
Okay, let's start with why you avoided this question?
What are you getting out of trying to scare people away from other opportunities? Who is compensating you for the advertising space in your sig and for spending your time on these poorly informed little tirades & fud?

Don't avoid the question. I've been honest and transparent here since I began sharing info about this opportunity, why won't you be?


Quote:
Originally Posted by jscott View Post
^^ paid shill no doubt, can you tell us honestly that you are not getting paid or incentives
I've answered this before in the linked thread, you know the answer, you're asking the question again in bad faith to throw doubt upon my reputation and anyone can see that. Again, I am not being paid in any way, I've included no ref codes, I am merely a holder like anyone else. With over $50 million in liquidity, anything that anyone here buys is barely going to move the price up so any gain in my holdings I'd get from convincing someone here to buy would be quite minimal. I'm simply giving back an opportunity to my colleagues of nearly 20 years.

To any who've doubled their money in the past several months, you're welcome


Quote:
Originally Posted by jscott View Post
from that company? (that's all it is, a centralized company).
This type of dumb shit is why you are too ignorant to comment intelligently on the wider crypto market. That is what happens when you focus too much on one lone coin.

This is *NOT* a "centralized company" as you claim. It is a collection of smart contracts published to the blockchain, that's all it is. There is no company, no individual, no group who has custodial access to the funds deposited. There is one developer who has written the contracts and continues to develop new additional features, much like Satoshi Nakamoto was to bitcoin.


Quote:
Originally Posted by jscott View Post
You're promoting a company with a leader/founder who stands to gain, and they have marketing payroll, that you're probably on.
That is a lie.


Quote:
Originally Posted by jscott View Post
That combined with offering HIGH YIELD (see your sig) is very similar to a ponzi.
I don't think you understand what a ponzi is. High yields can be offered because there is a large amount of funds flowing into the system, retention is extremely high, and there exists a 10% buy and sell tax to fund the yields. The treasury keeps going up because it is sustainable, that is the opposite of a ponzi.


Quote:
Originally Posted by jscott View Post
Bitcoin, on the other hand, has none of that. It's a protocol, decentralized, with no central authority or control.
You might want to take a look at just how centralized bitcoin validation has become before you try to tout that as a virtue. Bitcoin today is not the bitcoin of a decade ago. Transaction validations are HIGHLY concentrated in just a handful of jurisdictions. The price is very easily manipulated by central exchanges and fake volume. Just around 2000 wallets control around 40% of the circulating supply, it's not as well distributed as people are led to believe.

Add to that Blackrock is getting in the game with a bitcoin ETF for swing traders to take advantage of. I've little doubt it will be marketed to the elderly and paranoids to encourage them to dump their life savings into a fund with intentional volatility knowing full well the majority will panic sell and make Blackrock richer.

Bitcoin's price, as manipulated as it already is, stands to get much more manipulated by the big players. It is very far from being a transparent result of the free market.


Quote:
Originally Posted by jscott View Post
So stfu crypto/shitcoin shiller.
I'm quite capable of refuting all of your imbecilic spiel, so no... we can keep this up until you learn or quit.


Quote:
Originally Posted by jscott View Post
red flag #1 - high yields. I saw one page of ElephantMoney that says they get up to 50% APY lol.
You didn't look very closely then because some of the APR's are actually significantly higher... OTOH, I don't see "50%" anywhere, nor do I even remember anything offered with that specific amount... it's kind of like you just pulled that number out of your ass


Quote:
Originally Posted by jscott View Post
That is insane high and only can offer that if SUPER high risk or scam.
Ever consider that perhaps you don't understand what it is you're looking at? Yes, all crypto is high risk, bitcoin included. That doesn't mean it's a scam.

One hallmark of a scam is trying to convince people not to diversify their investment. This project actively encourages participants to spread their investment over multiple coins, many of which are not native coins.

You, on the other hand, tell people to place their entire crypto investment into one coin


Quote:
Originally Posted by jscott View Post
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)
There were many factors which contributed to the bear market, fraud being the biggest one. Centralized crypto exchanges are little different than traditional finance and rife with opportunities to deceive people, to entice them with fake volume from coordinated buys and sells. DeFi makes the whole process much more transparent.



Quote:
Originally Posted by jscott View Post
red flag #2 - trustless - that's a lie, every centralized altcoin/ponzi/company has a leader/founder/central authority that you must trust.
Again, you lack fundamental knowledge of crypto. Smart contracts are immutable and when ownership is renounced and there is no custodial access to funds, then there is no one to trust. That is a basic principal of crypto. If ownership is not renounced and/or custodial access is programmed in, that would be a different situation.

Do not accuse me of telling a lie when you are too fucking ignorant to understand the terminology of the very sector which you are promoting Einstein


Quote:
Originally Posted by jscott View Post
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")
Again, you display your ignorance of the terminology in this sector. DeFi "Farming" traditionally involves staking an equal value of two currencies into a liquidity pool which uses a constant product formula to maintain equal values when one currency or the other is added/removed from the pool. This can lead to "impermanent loss" where when one takes their funds out of the pool, they end up with more of one coin and less of the other.

Lossless farming is an innovation which eliminates the impermanent loss. If you put in X tokens of one coin and Y tokens of the other, when you unstake your position you get back exactly the same quantity that you put in, having enjoyed the earnings during your stake.

This has exactly ZERO to do with anything you referenced. If you had taken the time to learn about the protocol rather than zealously attempted to shit talk something you clearly don't comprehend, you would have known that.


Quote:
Originally Posted by jscott View Post
red flag #4 - his post he calls this a better store of value than Bitcoin, even tho existed for only a year.
No, that is also incorrect... do you even know how to use a blockchain explorer? This has been online for over two years now... the developer and the investor community has been around for closer to six years, developing multiple projects (all with a stellar reputation) and this is the tokenomic model which has been refined over those years.

Imagine if bitcoin was more well distributed, with no single individual holding more than 1%. Now imagine that every transaction captured 10% of the value and stored it into a treasury. A portion of that treasury would be used to deepen liquidity and make the price more stable, more resistant to fluctuation, while the rest just keeps getting tucked away, making the coin more scarce over time. Now imagine that said treasuries never ever dumped any more coins than the algorithm requires, making it essentially a big friendly whale which controls roughly 65% of the circulating coins, with another ~14% in liquidity pools. Now imagine that the treasury is employed to pay yield on other assets, while storing value in the native coin... all the while value in the native coin outpaces the liabilities generated from the yield offerings. The system would become its own trading center, generating its own income from the taxes.

That is what has been built here, it's a rather ingenious piece of financial engineering.

It has vastly superior growth potential compared to 14 year old, first generation software which lacks even the most basic of smart contract programming capabilities and is comparatively poorly distributed among top holders.


Quote:
Originally Posted by jscott View Post
99% of altcoins fail
Welcome to the 1%.

Quote:
Originally Posted by jscott View Post
This is all from just his sig&post, so imagine the other marketing tactics they're using to reel in your cash flow.
Or you could actually do your homework rather than shit talk something you are entirely ignorant of. Ever consider that?

There isn't much of a marketing budget, that was an intentional choice to avoid this being potentially eyed as a security. There have been a few banners posted on various sites, that's about it. The rest is mostly from other holders who've seen the potential and want to spread the word so others can partake in the opportunity.
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