Guys like CryptosRUs and Digital Asset News really make me sick. What the fuck are these clowns really? They're not traders. They don't do TA. The most you'll get out of them is "hodl hodl hodl cuz crypto future" and sanctimonious prosthelytizing whenever a bearish setup turns bullish. (Protip: You listen to them, you're gonna make great paper gains for a while and lose it all when they tell you to fuckin hodl through a 90% correction. They're just permabull normies. They don't trade. They got lucky in 2017 and otherwise don't know what the fuck they're talking about.) They're not devs. They don't understand any of the tech. They're not insiders. They may pick up a few acquaintances in crypto because projects need promotion, but that's it. Guys like this basically respond to news items with a lazy bullish bias and nothing else. They have no special skill or perspective that deserves undue attention.
Mindless talkers like this all have the same spiel on regulation: "It's necessary because we see all these scams and we don't want new investors to get hurt." You mean you don't want lazy investors like you to get hurt because deep down, you know how lucky you got. With no real tech knowledge, personal contacts or trading expertise, you made a couple mil. And deep down, you're scared to death that someone with some actual skillz is gonna take it from you before you get to turn it back into fiat and go buy hookers and coke.
These lazy shillers use all the buzzwords that make crypto sound good. They express love for "defi" and "decentralization" without even really understanding what any of it means. How do I know? Because whenever any story pops up about regulation, including regulation that would curb innovative defi solutions, those morons just repeat their generic catch-all "we need some regulation" robotic babble without even defining what they're talking about. They hold what they believe to be the centrist view in crypto because they've held a centrist view on everything their entire lives. To shameless beta males like this, innocuous = pragmatic. They are the status quo, just with a few million in crypto waiting to cash out.
If these morons were in charge, any regulator could come to them with any regulation. They'd blindly tear the piece of paper in half and say, "Just implement everything on the left side and nothing on the right and we'll call it even, ok?" Dipshits.
By the way, completely forgetting the purpose of smart contracts is to replace the fallible regulator with objective, transparent code. There is no compromise on this. But the clowns invest in defi projects and are willing to compromise that innovation away. What the actual.
The dumbfucks I'm talking about don't really matter as individuals because trad regulators are gonna try dumb shit regulations regardless of what these bozos believe. Youtubers with a few thousand subs don't exactly have state-level political clout. But these types of jackoffs are important to call out because they represent a growing cancer in crypto — the digital normie.
How do you know a digital normie from a crypto head? Digital normies do the following:
1. Blindly promote compromise with regulators without even defining what they want regulated. "It's coming. We know it's coming. We can't do anything about it. So let's just compromise." Compromise on what, dumbass? You just want regulators to leave you personally alone so you can cash out.
2. Don't trade, don't code, don't network — just give a lazy bias on the latest news items. Might as well be talking about a football game with a Barcelona jersey on, meaning we already know what you're gonna say. How many fuckin times can you say "EIP 1559" in one video?
3. Despise maximalism [read: a real opinion] of any sort, especially bitcoin maximalism. Why bitcoin maximalism? Because bitcoin is still the project that completely rejects compromise with regulators. Ginsler already knows he can't touch it, so he goes after low-hanging fruit.
But Alucard, the SEC takes out scammers!
Let's not forget when the SEC takes down a so-called scammer or fines a project, the SEC keeps 100% of the money. Why has no one picked up on this point? As a matter of fact, the SEC will allow a scummy project to pay an SEC fine and then continue to fuckin operate like nothing happened! Even go public and make the owners rich! Hi, Robinhood! Sup, Coinbase! How has no one picked up on this point?
When crypto keeps regulation in house, we get new value AND sometimes FULL FUCKIN REFUNDS!!! The SEC doesn't refund SHIT to us!!!!!!!!!!
On top of this, we have example after example proving crypto doesn't need outside regulation. The Iron Finance saga isn't over, people. (Read here if you want to know what happened and how to make money from a project that's going down.)
After the crash of Iron Finance that counted billionaire Shark Tank investor Mark Cuban as one of its rekt plebs, no one thought the project could make a comeback. Everyone moved on. But just like many projects before it, someone picked up the ball and is creating new value from a failed project.
The new Titanpunkz project on Doki Doki Finance gives new utility to those millions of Titan tokens sitting around in wallets dead. The project requires collaboration between a number of protocols including Doki Doki, Comethswap, Polygon and Iron. It brings new attention to the NFTs and talented artists that are already on Doki Doki. This potentially touches thousands of people already with the potential for exponential growth in a bull market.
There's a new movement "#titanisourdoge" on Twitter attempting to resurrect the token. Whether it's successful or not, even a small pump could provide incremental relief for people caught in the Iron Finance bug. Even 5% is 5% better than the 0% the SEC would have refunded Titan holders.
The lazy shithead shillers don't know about this project or collaboration because they don't really study crypto — they only study mainstream news headlines. The Iron Finance hack made mainstream headlines. So far, the Titanpunkz project hasn't. (Most of the highest profitability projects in crypto don't.) But these goofy motherfuckers can't even navigate a degen yield farm without calling it a scam. So the probability of those clowns finding a project like this, or following a narrative like this in crypto, is nil.
Before Iron Finance, there was Sushi, which is now one of the biggest AMMs in crypto. 2020 heads will also remember Trustswap, Pickle, bZx, and a number of other projects that self-regulated, came back from the dead, reimbursed investors after mistakes, rugpulls and hacks. Thorchain just instituted a buyback to make investors whole. I mean, the list goes on.
When I want to find out if a project is crap, I hit Reddit, Twitter, Clubhouse, Discord and Telegram until I'm satisfied. I can't really get Gary Ginsler on the phone to protect my money. And it's good to know that if I actually reported a scam that fuckt me, the SEC would keep all the fuckin cash. Thanks, bitches. I feel super protected.
And I definitely don't go to mindless talkers with no real information beyond what gets reported to them through Cointelgraph. These digital normies will not only make you lose money, but they'll get you fuckin taxed on it. I'm promoting direct contact with your representatives and coordination with crypto lobby groups against regulation. Go over the heads of the shillers, because they're definitely too lazy to call their reps. Idiots.
The answer is internal coordination and self-regulation.
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