When tokens are very centralized and rug pulls are sudden (insider dumps all tokens in 1 go) - everyone recognizes the dcam. At least, victims get angered and try to go after the scammers.
The most insidious scams are when there is a veneer of decentralization and a slow steady dumping of the shitcoin by insiders on holders.
Here, the victims don’t even realise they are being led to the guilotine. They blame war, supply chains, Putin, inflation…anything. Instead, the lambs even hero worship their shepherds…hoping they get them out of the predicament.
Biggest of which is fiat by the Fed and the central banks of the world.
XRP/SOL/ETH prob a close second…the long cons
#bitcoinNOTcrypto
₿aljit
Baljit@BitcoinNostr.com
npub1vwtd...zrsy
Dad. Foodie. Skeptic. Rationalist. Libertarian. Satoshiphile.
Gigi on Bitcoin :
Free Speech creates Sound Money that enforces Property Rights without Violence.
Just poetry
Tom Lee becoming ETH Jesus was not on my bingo card.


I am very concerned about climate change…


When you live in the tropics…


Bitchat


You are not a maxi unless you create more BITCOINers


https://podcasts.apple.com/sg/podcast/stephan-livera-podcast/id1415720320i=1000718416239
Cory: LBEs that get to institutional scale will attract 10s of billions in capital. Only a few will make it. SQNS is amongst the few that is in this race to scale.
Worth a listen.
There are risks to Bitcoin and a likelihood remains that it could fail if it is no longer decentralized or secure.
1) Node software is overwhelmingly Bitcoin Core (>95%)
2) ASICS are primarily manufactured in China by 2 companies
3) Minining Pools are increasingly centralized by FPPS payments
I hope Bitcoiners will pay more attention to these risks and actively work to overcome them.

Bitcoin mechanic does a fantastic job in this vid explaining the latest controversy surrounding Bitcoin Core and spam filters.
Folks, we have one shot at fixing broken money. Let’s not fuck it up.
I am switching to Bitcoin Knots.
Just switched to Knots and deleted Core from my node.
Thanks to everyone for highlighting this issue!
I am not risking humanity’s best shot at fixing broken money…
<0.02


Bitcoin will win with or without USA


If you are feeling anxious about the market, you need to focus…


“I challenge you to shine Bitcoin’s light into the darkest places. I challenge you to set us free.” - Ross Ulbricht
Watching the Ripple crew slither their way into the Strategic Reserves just confirms that they are the Den of Vipers of our times…


I am in love…



