What do sex toys, butterflies, and meme coins have in common? Check out my talk at the Cambridge Disinformation Summit to find out: https://t.co/r4M1g3rzCE
@intangiblecoins I also don’t think I saw one book being sold at Consensus. At the bitcoin conf there’s a ton of them. Interesting tid bit that reflects the knowledge cultures and ideological depth of each.
@J2NFT@Pumpfun@a1lon9 Alon probably hopped on because he's doing the same thing: picking the positive needle out of the deceitful haystack and saying "look, crypto is going good in the world!"
@J2NFT@Pumpfun@a1lon9 Although this grandma has been a particularly positive token and high-profile, there have been literally thousands of "streamer" and "fundraiser" tokens out there. They have short term success and then the trenches move on to a better chart/narrative.
There's a lot more depth to how these sorts of things typically play out. Please be careful. These things start super positively and routinely spin out of control.
What started as a great way to raise funds now has a life of its own. And the family’s reputation is on the line. Every wrong move they make will be heavily scrutinized by the community. Eventually, many could denounce them as scammers, even if they tried in earnest to keep the project alive.
🟥🟥🟥Any time you read "it was a liquidity event" in these situations (or that a "whale" has sold off, or that "paper hands" have just been shaken out, or that those who panic sold are stupid/less intelligent, or any other form of scapegoating or gaslighting), ask yourself —realllly ask yourself—why you should believe it.
Statement
Earlier today, our largest private holder exited the majority of their position. That sale triggered a cascade of market selling and a sharp move on the chart.
Let’s be clear about what did and did not change.
The mission hasn’t changed.
The underlying facts haven’t changed.
The leadership hasn’t changed.
(And no, we didn't participate in the selling, although we did do some buybacks)
What has changed is distribution.
A single oversized private position is no longer sitting above the market. Supply is now spread across a broader set of holders.
This wasn’t a treasury-driven event.
This wasn’t a deviation from our stated principles.
It was a liquidity event.
Markets don’t like sudden shifts, but long-term health benefits from them. Healthier distribution removes single-point risk and aligns ownership more closely with participants who are here for the mission, not just the trade.
We’re still building toward the same outcome we’ve been transparent about from day one. Execution continues. Stewardship continues.
We don’t run for the hills because a chart got messy.
We continue.
🫡 From the depths —
The White Whale 🐋
Accoriding to Coinbase, economic freedom is
-tokenizing everything (even yourself)
-betting on anything
-yoking your financial well-being to the whims of sentiment https://t.co/G6osj1hRQZ