I’m 100000% convinced any politician that has a “token” is looking to scam people…
Of course I’m also convinced that 99.999999% of politicians are looking to scam people anyway lol
I’m 100000% convinced any politician that has a “token” is looking to scam people…
You shouldn’t be so cynical that is only to scam people. There’s also the possibility the politician is using it as a way to accept bribes.
Very true! I wouldn’t want to shut myself off from the other possibilities, it could even be money laundering!
Oh the endless possibilities!
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Why are all these politicians so interested in Crypto?
One can only wonder.
Analysis shows that a wallet linked to the token’s deployer removed approximately $2.43 million in USDC liquidity shortly after the peak.
Yeah so this is classic rug pull. Hype, get it into retail, have automated buy in, pull liquidity. Maybe put it back a bit and pocket the fees for retail going crazy.
I read somewhere on here someone say “people wouldn’t have enough time to get scammed.” A lot of this is all bots buying, including small time players who are just using something like Freqtrade python scripts for buying and selling. No one is doing actual research, they’re just a program watching microtransactions. Thirty minutes is eternity.
But yeah, this is exactly why you see so many bros so strong on this and why politicians and Governments are getting into it. The early days are like the early days of completely unregulated stock markets. It’s cash grabs everywhere. Down the road, there’s going to be this moment of ladder pulling to “keep everyone safe”.
You mean Eric Adam’s the former nyc mayor and former captain in the nypd? surely a man of such upstanding character wouldn’t do suck a thing
I’d imagined some sort of long con with the way this was described, but then I read…
Adams unveiled the “NYC Token” on Jan. 12,
Oh, that’s not too long ago
Roughly 30 minutes after launch, the token’s value collapsed by about 81%,
Most people won’t have been scammed because they wouldn’t have heard about it before they could get scammed.
isn’t it understood that coins launched by public officials exist only as vehicles for bribery?
Whattttttt??? The man of unimpeachable moral fiber, Eric “Anything for a price” Adams???
I find it hard to believe he would be involved in anything of questionable ethics.
HeY, tHiS Is pArT Of tHe pLaN, hE StEaLs mOnEy fRoM HiS SuPpOrTeRs tO ScArE AwAy tHe aNtI SeMiTe!!
Dang if he wouldn’t have done this it could have been an amazing way to unlock some alpha (talking gain$ here)
