shoni.eth
@alexpaden
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
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Zach
@zd
just because your bags are down doesn’t mean it’s a slow rug the entire idea is to try to build a community supported headless brand you can always contribute to that (or not!)
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shoni.eth
@alexpaden
i mentioned my bags because I’m willing to lose them not because i care if the market is up or down The entire premise is to overpromise and hope someone else picks up the slack
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