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Total Economy: 0.01 USD
People are really confused about what a scam is. They think $YAM and $LINK are the same kind of scams. Yeah it's ridiculous how $YAM just crashed overnight, but that's not a scam, it's just a dumb project where a bunch of dumb people threw money in and lost. But $LINK is an actual scam. The founders have been intentionally lying about the project's progress and doing completely false PR campaigns like "We have partnered with Google" (which is 100% false, look it up). And most recently, the entire community decided to prop up the price so they could bankrupt a crypto fund called Zeus capital who supposedly shorted Link and did a huge anti-chainlink campaign on social media. https://twitter.com/ZeusCapitalLLP/status/1284402144800649216?s=20
Now this is what a real scam is. $YAM is just a dumb project, just like cryptokitties was. Please don't confuse dumb projects with actual malicious scammers.
john tipped:
0.01 USD
1 year ago
Link may be a scam, but this Zeus write up is poor and I wouldn’t trust them either. Their case seems as weak as their disclosure statement. As for link, it’s built on Ethereum so it’s therefore impossible to take it seriously IMHO.
musiq replied:
Yeah it may even be the case that Zeus capital is not shorting but actually long, and all this is a coordinated reverse psychology scam. Anyway my point is the chainlink pump this week was 100% openly coordinated pump. This has nothing to do with legitimacy of Zeus capital. These are 4chan people who banded together to pump up the price https://powping.com/posts/00cd6eb343427bdc3b8e8cae630c88771839e257857a667dfd67c2cb30642a0e
dan_lazo replied:
BTC is a scam, and yet its king of crypto.
musiq replied:
BTC is not a scam. They just have a different point of view of what Bitcoin is, which we think is flawed. While most BTC believers are mistaken, most of them have no intention of lying and taking advantage of others. $link on the other hand has plenty of evidence that points to the founders and the community members intentionally scamming.
musiq replied:
Anyway, it's interesting to see how the media has flipped its stance on $link over the last couple of days. At first they were all calling it scam, but now all the headlines are favorable. On one hand it's a sad reality. But on the other hand, I guess this gives some hope because this is probably what might happen to BSV if Craig wright somehow undeniably proves the whole satoshi identity, it will flip instantly.
dan_lazo replied:
BTC is definitely a scam. It's like when a company pollutes the water, then produces a water purifier to sell, and claims they fixed the water pollution problem. They broke bitcoin then created a less secured and less transparent second layer solution to "fix" the scalability and transaction limitations.
Link may be a scam, but this Zeus write up is poor and I wouldn’t trust them either. Their case seems as weak as their disclosure statement. As for link, it’s built on Ethereum so it’s therefore impossible to take it seriously IMHO.