https://djltrading.com/rug-pulls-em-defi-o-lado-sombrio-das-financas-descentralizadas/?fsp_sid=39057
Rug pulls, forks, and open-source feudalism
https://lwn.net/SubscriberLink/1036465/e80ebbc4cee39bfb/
#HackerNews #RugPulls #forks #openSourceFeudalism #cryptoNews
#fraud #grift #scam #crypto #rugpulls #techbros #insidecats
Government Dems accepting crypto as leverage, imaginary money being leveraged by #plutocrats using actual dollars to promote this massive #ponzi scheme
He Built Memecoin Factory Pump.Fun. Did He Make a Small Fortune Dumping His Own Shitcoins as a Teen?
https://fed.brid.gy/r/https://www.wired.com/story/pumpfun-founder-memecoin-rugpulls-teen/
Associated Press: Argentine lawyers accuse President Milei of fraud over cryptocurrency promotion. “On Friday, [Javier] Milei posted on X about $LIBRA, a coin that he said was aimed at ‘encouraging economic growth by funding small businesses and startups.’ He deleted the post a few hours later and the value of the currency collapsed, causing millions of dollars in losses to its brief […]
@mook depends on how you define it.
#Monero works as a payment system - it doesn't replace #SWIFT but it's transaction volume exceeds #ALBA & #TransferRoubles by a long shot...
All the other #Shitcoins mostly exist as vessels for #Billionaires amd #Millionaires to commit #CapitalFlight and #TaxFraud if not all the regular #fraud schemes like #Ponzi and #ExitScam|s and #Rugpulls...
@Elucidating Your decision.
I hate #Rugpulls and #Capitalism but we've to all choose priorities:
Guess why I don't work for certain companies even tho they'd gladly hire me?
Because whilst I do need some income to survive under capitalism, I'd rather deliver Pizzas and fill up retail shelves than work for assholes...
#GAFAMs are a net negative, no questions about that, but #Redis #rugpull|ing is just a shit move.
https://www.youtube.com/watch?v=ZzI9JE0i6Lc
IMHO it's a political decision that shit like #aws is even allowed to exist and that is the problem, not that giant corporations do use #FLOSS...