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Leicester

๐Ÿ‘ค Speaker
729 total appearances
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Crypto Talk Radio: Basic Cryptonomics
Leicester On Whether JasmyCoin Is a Rugpull

If you have this background in the history, I would love to hear that.

Crypto Talk Radio: Basic Cryptonomics
Leicester On Whether JasmyCoin Is a Rugpull

But when I look at the graph, it almost looks like there may have been some sort of a distribution of pre-sale that took place because the vast majority of volume is on the sell side, not on the buy side.

Crypto Talk Radio: Basic Cryptonomics
Leicester On Whether JasmyCoin Is a Rugpull

usually that means tokens were given to people whether that was by way of some sort of mining or some sort of distribution or some sort of pre-sale i don't know any of that is or isn't true i'm going off the data i saw back in 2021 and i remember 2021 being kind of that dull period the start of the dull period and then later after binance.com

Crypto Talk Radio: Basic Cryptonomics
Leicester On Whether JasmyCoin Is a Rugpull

actually added Jasmine to a flag list in 2024 over concerns with the project because of the pump and dump being so aggressive.

Crypto Talk Radio: Basic Cryptonomics
Leicester On Whether JasmyCoin Is a Rugpull

So this horror sign, essentially what he said was that the team at the time took coins and they were dumping on the project to fund the company is essentially what he's saying in this interview.

Crypto Talk Radio: Basic Cryptonomics
Leicester On Whether JasmyCoin Is a Rugpull

Well, how is that any different than any other crypto out there, right?

Crypto Talk Radio: Basic Cryptonomics
Leicester On Whether JasmyCoin Is a Rugpull

And that is essentially a rug pull.

Crypto Talk Radio: Basic Cryptonomics
Leicester On Whether JasmyCoin Is a Rugpull

A dev makes money available and then makes it not available.

Crypto Talk Radio: Basic Cryptonomics
Leicester On Whether JasmyCoin Is a Rugpull

Effectively, what he's saying here is, well, yes, that happened.

Crypto Talk Radio: Basic Cryptonomics
Leicester On Whether JasmyCoin Is a Rugpull

Then there's this other token.

Crypto Talk Radio: Basic Cryptonomics
Leicester On Whether JasmyCoin Is a Rugpull

Apparently, they're going to spin up and then try to marry the two to try to make it right for the Jasmine holders.

Crypto Talk Radio: Basic Cryptonomics
Leicester On Whether JasmyCoin Is a Rugpull

That's kind of the gist of what I'm getting out of this.

Crypto Talk Radio: Basic Cryptonomics
Leicester On Whether JasmyCoin Is a Rugpull

How is that any different than a Ponzi scheme?

Crypto Talk Radio: Basic Cryptonomics
Leicester On Whether JasmyCoin Is a Rugpull

Because you're taking money from project a to enrich this other thing over here.

Crypto Talk Radio: Basic Cryptonomics
Leicester On Whether JasmyCoin Is a Rugpull

And then you spin up another token as project B that token wouldn't have existed if you didn't take money from project a that's a Ponzi scheme.

Crypto Talk Radio: Basic Cryptonomics
Leicester On Whether JasmyCoin Is a Rugpull

So it didn't strike me that he was malicious.

Crypto Talk Radio: Basic Cryptonomics
Leicester On Whether JasmyCoin Is a Rugpull

It didn't strike me like he was a criminal.

Crypto Talk Radio: Basic Cryptonomics
Leicester On Whether JasmyCoin Is a Rugpull

He's on the video.

Crypto Talk Radio: Basic Cryptonomics
Leicester On Whether JasmyCoin Is a Rugpull

He seems like he wanted to be transparent, but it just seems odd.

Crypto Talk Radio: Basic Cryptonomics
Leicester On Whether JasmyCoin Is a Rugpull

That's so much in that he's, he's honest, right?