9 Comments
May 21, 2021Liked by Cryptowriter

Creating shitcoins to avenge the death of shitcoins... Ahhh best to stay out of this one *sips tea*

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May 21, 2021Liked by Cryptowriter

This is crypto madness. All part of the fun. When you don't DYOR and expect massive gains by jumping into a fad, maybe you deserve to get rekt.

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May 21, 2021Liked by Cryptowriter

"Caveat emptor".....Let the buyer beware!

Did Vitalik F'up.....Well I guess it depends on which side of the fence you sit on.

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May 21, 2021Liked by Cryptowriter

Interesting article. From my understanding Vitalik didn't ask for the tokens and simply gave them back. How is any of this his fault?

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May 21, 2021Liked by Cryptowriter

This week really has been crazy for crypto. Now even creating a “war” between owners (?). I don’t really think of it as a direct attack to the shit coins holders because no matter what you buy you should be ready to loose or risk most of it ! (Is part of this), but I don’t hold so my opinion is not very realistic.

Hopefully this gets into a middle point and everyone just try to make this grow as a whole

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Rug pulling – a strange concept usually reserved for the founders of a project who steal their investors’ money before disappearing forever.

The actions of Vitalik do not reflect the essence of the above definition. Rather they reflect the actions of a man torn by an ethical dilemma; tacitly support via inaction a series of meme coins, in the full knowledge that investors are likely to be wiped out; or end the charade in a manner that benefits thousands, if not millions.

The cries of unfairness are hollow to me. They shrilly emanate from mostly Western investors - young and with means enough to invest disposable income in a speculative crypto asset - crying foul when their dream of becoming rich without having to work for it is snatched away.

On the flipside, consider that while many lost their investment, there was always a high chance this would have happened anyway, regardless if a few managed to cash out to a small fortune.

Consider also the gravity of the investment to the COVID relief fund. Just navigate the webpage of any charity operating in the third world and you’ll understand that even small donations to such funds can do incomprehensible amounts of good works.

So the way I see it, Vitalik was damned if he did and damned if he didn’t. Faced with this dilemma, he made an agonizing, yet fiercely strong decision to end the madness in a manner that did inordinate amount of good.

While many are furious, I can see that Vitalik had enough courage and character to face into the matter, and make a well-considered determination, while most would have turned their back or deliberately kept their head in the sand.

Consider my faith in Etherium bolstered, despite the deafening moans.

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We need more of this kind of "house cleaning" once in a while, I agree with Vitalik.

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Lmao. RhysKent said it more eloquently than anyone could ever hope to.

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I don't know why Vitalik did this and how many people were injured.

but it's an honor to reach out to people who need help anywhere in the world.

There is really great pain in india

we need to see them

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