Varchasva Singh
@varchasva
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**Meme Coin Trader Tragically Takes His Own Life (RIP) π
A memecoin trader risked his last $500, lost it all in a rug pull, and live-streamed his suicide on Twitter.
What Happened:
- A trader known as *"I'm Really Poor"* (@MistaFuccYou) invested his final $500 in a Soylana JPEG Coin, hoping for a lucky break.
- The coin rugged instantly, and his money vanished in seconds.
- In a DM to @BlockchainBoyy, he wrote: *"I just put my last $500 in⦠and got rugged."*
- Overwhelmed with despair, he went live on Twitter, playing Russian Roulette.
- He pulled the trigger once⦠then three more times.
His final words: *"If I die right now, turn this into a meme coin."*
This is a heartbreaking loss, and it's hard to imagine the pain he was going through.
A Message to Everyone:
- The crypto market, especially memecoins, is extremely unpredictable
- Money comes and goes, but your life is priceless. 0 reply
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Reposting a note comparing some aspects of the current crypto space to weed that I made on the other app:
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Ten years ago, to many weed represented freedom, and rebellion against sclerotic old order that denied self-sovereignty over our bodies. Then, weed became legalized, and "official".
On that day, I remember my personal interest in weed dropping by > 2x overnight.
And since then, public discourse is moving toward a balanced view of weed: it is much less harmful than alcohol and smoking, and has valuable medical uses, but it is also far from harmless, especially in its modern corporate hyper-optimized versions.
Crypto finance is similar. In the old order, @GaryGensler created a regime where tokens that give investors clear indication of what their rights are and where their revenue comes from is a "security", but obfuscated "governance tokens" are potentially in the clear.
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