Tommy Vitor
👤 SpeakerAppearances Over Time
Podcast Appearances
And in the meme coin biz, this is what looks like what is called a rug pull, where you have some insiders who own a bunch of these coins. They own them early at the cheapest price possible. They pump the thing on social media, a bunch of people come in and buy them, and then they dump all their coins, pocket the money, and everyone who bought in late is holding the bag.
And in the meme coin biz, this is what looks like what is called a rug pull, where you have some insiders who own a bunch of these coins. They own them early at the cheapest price possible. They pump the thing on social media, a bunch of people come in and buy them, and then they dump all their coins, pocket the money, and everyone who bought in late is holding the bag.
You're stuck with this literally worthless thing and you lost all your money. So this rug pull happens. Miele sees it. He tweets a statement saying he didn't know the details of the project. He wasn't connected to it. I think he then deleted his initial tweet. He tried to like scramble away from the thing. But that didn't go over well with the people who lost money.
You're stuck with this literally worthless thing and you lost all your money. So this rug pull happens. Miele sees it. He tweets a statement saying he didn't know the details of the project. He wasn't connected to it. I think he then deleted his initial tweet. He tried to like scramble away from the thing. But that didn't go over well with the people who lost money.
You're stuck with this literally worthless thing and you lost all your money. So this rug pull happens. Miele sees it. He tweets a statement saying he didn't know the details of the project. He wasn't connected to it. I think he then deleted his initial tweet. He tried to like scramble away from the thing. But that didn't go over well with the people who lost money.
And also he's clearly lying because Miele personally met with one of the partners behind the project, a guy who also worked on Melania's meme coin. So this is a mess. Some parts of the opposition are floating impeachment charges, though that probably won't happen.
And also he's clearly lying because Miele personally met with one of the partners behind the project, a guy who also worked on Melania's meme coin. So this is a mess. Some parts of the opposition are floating impeachment charges, though that probably won't happen.
And also he's clearly lying because Miele personally met with one of the partners behind the project, a guy who also worked on Melania's meme coin. So this is a mess. Some parts of the opposition are floating impeachment charges, though that probably won't happen.
But Ben, I mean, it does seem like Mille did a pretty good job of stating why, showing why his worldview of anarcho-capitalism is not really gonna work out at the long run for the little guy, like if there's no rules, no regulations.
But Ben, I mean, it does seem like Mille did a pretty good job of stating why, showing why his worldview of anarcho-capitalism is not really gonna work out at the long run for the little guy, like if there's no rules, no regulations.
But Ben, I mean, it does seem like Mille did a pretty good job of stating why, showing why his worldview of anarcho-capitalism is not really gonna work out at the long run for the little guy, like if there's no rules, no regulations.
It's fans of Trump. Yeah.
It's fans of Trump. Yeah.
It's fans of Trump. Yeah.
Yeah, eight wallets linked to the Libra team cashed out over $107 million. They started the rug pull process only three hours after the debut. And there's something called tokenomics with all of these coins. And like good tokenomics have an overwhelming amount of the supply, like 80, 90% locked up over the course of several years. So you can't rug pull.
Yeah, eight wallets linked to the Libra team cashed out over $107 million. They started the rug pull process only three hours after the debut. And there's something called tokenomics with all of these coins. And like good tokenomics have an overwhelming amount of the supply, like 80, 90% locked up over the course of several years. So you can't rug pull.
Yeah, eight wallets linked to the Libra team cashed out over $107 million. They started the rug pull process only three hours after the debut. And there's something called tokenomics with all of these coins. And like good tokenomics have an overwhelming amount of the supply, like 80, 90% locked up over the course of several years. So you can't rug pull.
But in this case, 82% of the supply was unlocked and sellable from the very start. So this thing was designed properly. for this exact scenario to happen, and Millet clearly just didn't care. I mean, he's an economist, but he didn't look into this. But let me read you this response from Millet to his critics, Ben.
But in this case, 82% of the supply was unlocked and sellable from the very start. So this thing was designed properly. for this exact scenario to happen, and Millet clearly just didn't care. I mean, he's an economist, but he didn't look into this. But let me read you this response from Millet to his critics, Ben.
But in this case, 82% of the supply was unlocked and sellable from the very start. So this thing was designed properly. for this exact scenario to happen, and Millet clearly just didn't care. I mean, he's an economist, but he didn't look into this. But let me read you this response from Millet to his critics, Ben.