I remember the time when I hated govt for being against crypto. I fall for dream of the govt and governance-less world where there is not FIAT control. And then I got into my senses. I realized how big pipe-dream we are feeding with our naive mentality. I mean if we cant even get the people to clear the road ditch-holes how come we going to live without the govt or governance in general?

I know a lot of people still drink the koolaid of the govtless world. And they think it would somehow make things possible for them. And they continue to be a whale and support some of the coins. one blockchain after another thing just continue for them to get worst. And then they become the exit whales and do the same with rest of us.

So how come we don't realize the snakes among us?

If they act like bank, they are Exit Whales

Take example of CRED, a company that was on the uphold which used to work like Celsius and the NEXO. And they used to have this KYC feature where they wanted your money badly and they used to give you interest. And then the govt and SEC started looking into them. And now they are under the striked off company in Texas. Lesson: If anyone gives you too high interest for crypto, yeah they are exit whales.

If anyone who is not regulated and not monitored by govt and asks you to give them money at the percent which is too good to be true. you can consider them as exit whales. Binance Earn, NEXO and Celsius are exactly that, an exit whale, we don't know when they go away. We just make money or wait for fall when it happens.

If they create anything without Use case, they are Exit Whales

If you are doing something on the blockchain and you have a use case then you are doing something good. But what if your use case is a fraud. Like mining on moon or mars? Or using NFT with ape photos and being told that this would be rare item in near future? That in one of the cases would show you how you are feeding the exit whales.

Anything that you can't use in real life and speculate forever on being some sort of the scarcity item. You are going to call that item some fancy hyped stuff. In that case you have to understand that those type of the things are nothing but the exit whales. You have to wake up from the plastic sheep dreams and see the reality.

You add Liquidity, We Run

I learned this lesson from the SmartBCH. They have like literally zero use case going on. Mostly the rug pull tokens and the games which didn't last much. So basically they have rogue projects on the chain. And they kind of wait for you to invest and they run away when they feel like reaching the quota.

In that context I can tell you that adding the liquidity is going to be a trap. Like you add some liquidity in token and once I realize it's a good price I run away and sell everything. That way you remain with token that has no use case and you lose. So that sort of the game is going on a lot lately. And sooner we wake up to this better.

I know a lot of people still believe things are not what I have written here and they want to believe in the world otherwise. So it's upto them.

What do you believe in?