You could retire with $1M
- deposit $1M into Solana or Ethereum DeFi
- think you’ll earn around $7k-$8k per month
- within a couple months have the underlying protocol get hacked
- lose 98% of your principal
- unable to write off any of the losses on your taxes
- owe the IRS mid 6-figs
- go to debtors prison for life and have taxpayers cover your room and board
What's stopping you?
People need to realize that Binance is just a proxy for @cz_binance
CZ owns 90% of Binance
When CZ makes statements like "I don't buy and sell" or "buy and hold" this is the exact opposite of what he (Binance) is actually doing
For the past 8 years Binance (CZ) has been extorting ~10% of the supply of every project via "listing fees"
What do you think happens to those listing fees?
Do you think Binance (CZ) and its cabal of market makers still hold all those tokens?
Of course not
Since they have the insider information that they will list it, they acquire a bunch of a token, pump it with a listing announcement, then dump on our faces
They have run this on repeat for almost a decade
They literally trade against their own users
They can see all of the positions of their users then they use that information to exploit them and wipe out their balances
It is all methodical and intentional and has made CZ the 23rd richest person alive
The cherry on top is that CZ presents himself as an unaware, naive founder who is just trying to figure out what is going on
But in reality he knows exactly what is going on because he is the one who did it!
Full disclosure, and just to get this out there publicly so that it's impossible to "leak". I haven't told anyone yet. Some people are making guesses. The reasoning is off, but they do hit certain areas. 👇
I might name the Chinese version of my book/memoir "币安人生". This is not related to any meme tokens or listings. But I embrace the meme culture. I like that meme/word. It's sticky, for me.
Disclaimer: I don't hold any "币安人生" meme coin, and have no intention to do so. And I also reserve all rights not to use that title. I might change my mind last minute.
The English name of the memoir will likely be completely different, not decided yet.
Book ETA, 4-6 weeks, English and Chinese version both at the same time. Self published. Takes too long to go through a publisher, even though they will likely help significantly with distribution.
All proceeds I receive from the book will go to charity. Not trying to make money from the book.🙏