Today might be my final installment in the $shroom $niftyx $gswap rabbit hole. I will attempt to make the case that #shroom/#niftyx are dead on arrival and has no viable path forward as a governance token or anything else. Previous threads are here: https://t.co/quoACSiR48
Update to my @NiftyxProtocol@GameswapDEX@joeydefi thread. Since I turned up the heat on Joey he scrambled to slap together a migration page to move $shroom to $niftyx on AVAX. This is something he was been talking about for months
What would you do if they made #cryptocurrency illegal? Well I hate to break it to you, I think they are trying to. If you pretend every token is a security, than you can pretend that minting new tokens as block rewards when miners/validators publishing speech on chain is issuing securities. That makes mining illegal.
And if you offer to publish public speech on the blockchain in exchange for the native token, which must have value to act as spam protection (the demand for free storage is infinite.) then you can pretend that's offering a security. That also makes mining/validating illegal.
Why isn't anyone else upset about this? Well, I guess their brains don't work that good. Or they don't know how to read? Or they're just ignorant? But sir, you've been tweeting about this non stop for months now. Yes, that's true, but people appear to be, uh.... Not so smart.
So yeah, I'm insulting your intelligence, personally, because you don't understand the really clear words that I'm speaking to you, and hope that you take the threat more seriously. I really super duper think that this case is really super duper important, and if you're not actively trying to help see good precedent set, then you're risking that crypto just becomes illegal, by pretending that speech is a security.
I am not a lawyer. This is not legal or financial advice. You need to understand how important this case is, and well paid lawyers really should be creating amicus briefs immediately, the case is ripe now.
Stop being so oblivious. I have been here in crypto long before you, and I will be here long after you. Let the knowledge I'm sharing with you into your brain.
Here's a really well written legal explanation of the speech implications (scroll to the end) https://t.co/4I9XDueKjs
How can a potential ban on cryptocurrency get so little attention? Upgrade your discourse. Smart lawyers, get to writing. Or ask yourself, why are my lawyers able to write and understand the First Amendment arguments that yours appear not to? I hate sharing such good information with people that desperately need it, to see it go unused.
You're lucky the directly sued a cryptocurrency with a great fact pattern and named the cryptocurrency directly, which makes their intent more obvious. Good precedent set benefits everyone. Bad precedent set harms everyone. Be part of the solution. Get the word out.
"First they came for the socialists, and I did not speak out—
Because I was not a socialist.
Then they came for the trade unionists, and I did not speak out—
Because I was not a trade unionist.
Then they came for the Jews, and I did not speak out—
Because I was not a Jew.
Then they came for me—and there was no one left to speak for me."
Sorry for the harsh tone, but being all nice about it didn't get anyone to improve their behavior. Lawyers and those that pay them have a chance to make a positive impact on precedent through amicus, and the window is closing soon.
Richard... "HEX on Ethereum is your first born. Let HEXicans get nuked for another $100M in fees, cuz your first born bro. Ignore the already wonderfully working HEX on PulseChain bro. Ignore the market already chose bro. Ignore the liquidity bro. First born bro." And that's just $100M of fees with years where the fees were far lower! It would be even more now. Much more.
Guys YOU chose this. YOU didn't provide liquidity for eHEX on Ethereum, you proivded it on PulseChain for HEX. You sold eHEX. The chain shows none of the eHEX sacrificed seems sold on the open market.
You sold. You pushed the price down. Don't cry at me that I noticed. Don't cry at me that you wanted to bait people into more fees. Don't pretend your asses weren't saved by the free copies you got that saved you from the gas fee horror.
How amazingly ungrateful are many of you. You were saved, for free, through the sacrifice of others. And here's the great part. It's for the better!
It's entirely absurd to expect people to pay $400 a swap. And that is literally what you have to pay to get best swap execution on ETH for HEX currently. It's entirely absurd to pay $400 to end a stake. And this is with the ETH fees low comparatively to what we've seen before.
You guys, the market, made the price. You guys, the market, made the liquidity. You guys sold. Heck, you guys also bid up the ETH fee price. You are part of why the ETH fees are as high as they are. No rain drop thinks its the flood.
Embrace your salvation. Say thank you.
Not financial advice, Past performance is no guarantee of future.
Thank you Emmy for showering me with 25 Diamonds and getting me to shamelessly tweet this out. If you're a Solana OG head to https://t.co/NUmcCDuU7p to claim the Diamonds you've earned
The US construction industry can increase available housing by 1% to 2% per year.
But the US population is only 330M out of 8B.
So if just ~4% of Earth moves here, housing would need to double, which is impossible, causing a massive homeless problem and house prices to be astronomically unaffordable.
Today might be my final installment in the $shroom $niftyx $gswap rabbit hole. I will attempt to make the case that #shroom/#niftyx are dead on arrival and has no viable path forward as a governance token or anything else. Previous threads are here: https://t.co/quoACSiR48