higher is a narrative ponzi and soft rug pull— full disclosure that i own tokens and hold the most liquidity pool dao tokens (an even bigger scam to use the community to fund the pool, not any owner extracted equity, with full ignorance to the community funding it)

soft rug pull: over promise, underdeliver, sell equity to extract value

narrative ponzi: value based on storytelling “we’re the next nike” becomes the product with no underlying engine

cult of potential

i dabble with ai using open data from crypto https://alexpaden.tech

who do you accuse of executing the rug pull? who are you saying overpromised and underdelivered?

from my perspective, insofar as there was a promise, it was always "this is a collective, *you* have to step up and make it happen for anything to happen"

internet rabbit • comms @ /splits • https://www.sonyasupposedly.com/

who is promoting it? who is profiting? lastly, who is building on it?

seems pretty obvious, and by definition many people are involved in a ponzi/pyramid scheme, actually it's the entire premise.

what we're seeing now will definitely be classified as an all new type of scam in the next decade since both and neither definition fits perfectly.