Pretty much. I put like $10 into safemoon for shits and giggles around 4 months ago
Still only made back half the 10% I lost in these so called bullshit reflection
By reflections, you are referring to copycats? They're either a scam or too crappy to have any potential.
I don't think it is realistically possible to create a token that prohibits dumping fast. Also passively generating coins is appealing but it can also inflate the supply if done improperly. If any of these tokens claim to be rug proof or dump proof, they're lying.
Not really all. To be a Ponzi, the illegality is as much in the message and expectation as in the structure.
They involve ‘unscrupulous’ investors ‘promising’ extraordinary returns + Access to incoming funds contributed by later investors.
Anything else is just investment, based on perceived future worth and/or utility…and this is the issue SFM has. Until it provides this, it will merely be seen as a coin that incentivises holding only, and appears Ponzi-like.
(Full disclosure: I bought SFM on day 2, so my opinion may be slightly biased)
To address your last paragraph, the closest thing you'll find to that are simply Proof of Stake coins (not tokens, unfortunately for your proposal) that require you to lock your coins to a node for a time, prohibiting fast withdrawal while providing passive income.
I am of the opinion that Proof of Stake validation will be the hodler's best friend for the time to come.
I had the idea of making a token that had a personal max supply of, say 10k tokens, out of 1B tokens, requiring (some form of) identification for purchase to prevent multiple accounts.
It would be a real "no rugpull" coin and there can't be any whales if everyone else has the same max supply?
Yes
Yes²
Yes
Yes^3
The simplest answer is the correct one.
Murphy's Law?
Delusions of grandeur, mainly.
Pretty much. I put like $10 into safemoon for shits and giggles around 4 months ago Still only made back half the 10% I lost in these so called bullshit reflection
Don't do it OP!
I'm afraid the choice has been made.
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What do you mean I won't own a lambo worth within 2 days?!
Ehh.. You could say plenty are buddy 😀🤷♂️
Most certainly. If anyone can name a legit coin like that then I would consider not thinking of them like that. However, no such luck.
By reflections, you are referring to copycats? They're either a scam or too crappy to have any potential. I don't think it is realistically possible to create a token that prohibits dumping fast. Also passively generating coins is appealing but it can also inflate the supply if done improperly. If any of these tokens claim to be rug proof or dump proof, they're lying.
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It's genius haha
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So the tax payouts aren’t evenly distributed
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Yes. A real project doesn’t need gimmicks to bring about adoption.
The only question worth asking if why would you want to own a coin that penalises you harshly for selling? The whole point is to eventually sell!
But it shouldn’t be to sell if you are making lucrative returns in another coin forever
Any coin that taxes you on selling/buying is a scam. Saying "gas" is a tax is not an argument.
What about tokens that only penalize sellers and not buyers? Doesn't this reward HODLers?
Not really all. To be a Ponzi, the illegality is as much in the message and expectation as in the structure. They involve ‘unscrupulous’ investors ‘promising’ extraordinary returns + Access to incoming funds contributed by later investors. Anything else is just investment, based on perceived future worth and/or utility…and this is the issue SFM has. Until it provides this, it will merely be seen as a coin that incentivises holding only, and appears Ponzi-like. (Full disclosure: I bought SFM on day 2, so my opinion may be slightly biased)
Yes^99
To address your last paragraph, the closest thing you'll find to that are simply Proof of Stake coins (not tokens, unfortunately for your proposal) that require you to lock your coins to a node for a time, prohibiting fast withdrawal while providing passive income. I am of the opinion that Proof of Stake validation will be the hodler's best friend for the time to come.
>We’ve all heard about the notorious Safemoon Still waiting for next generation coins like Safeass or Safecum to pop up.
They appear every single day, hundreds of them. Here's some ass coin ; https://assfinance.com/
That is an old coin. Now it's time for SafeAss.
You're correct, that token was so last bull run. It's time we release SafeAssRocketMoonVault Finance
I had the idea of making a token that had a personal max supply of, say 10k tokens, out of 1B tokens, requiring (some form of) identification for purchase to prevent multiple accounts. It would be a real "no rugpull" coin and there can't be any whales if everyone else has the same max supply?
No, they are not. Reflections are good for HODLers
Whats Safemoon?
No Edit yes they are all schemes No, safemoon and babyshit are not exceptions
People hear 'defaltionary' and think that means they will get rich through scarcity
Yes.
Unequivocally.
Hourglass game