Something that should make us all deeply reflect in #web3 and #Crypto ;
🚨 A longer tweet 🚨
The (exit-) liquidity isn’t magic....
.....it’s thousands in losses from #FOMO tops, victims of X KOLs, retail addicts, broke dreamers yolo’ing salaries into memes, and unemployed gamblers degening welfare checks.
That’s a big part of the (exit) liquidity behind of #scam coins. (Farming, Rug..whatever)
Maybe that’s just the dark side of freedom and decentralization, but if it dominates the space, it’s a catastrophic failure and a sign of poverty in the scene.
When you move up the coin hierarchy to the big players like @RaydiumProtocol , @MeteoraAG , @pumpdotfun and whatever they’re all called -you’ll find a well-oiled machine.
One that doesn’t just collect its legit earnings, but has absolutely no real incentive to stop the circus.
Why? Because they directly profit from it.
Every time a serial scammer like @barkmeta and their thousand friends and scammer competitors launch on their platforms, and their shady liquidity drainers push millions in volume, the machine earns.
It’s not broken - it’s working perfectly.
So why would anyone change this out of their own free will?
That’s the point, folks.
I’m not saying you should boycott launchpads or exchanges.
They are here to build on it. Build real Projects and support real projects.
Let’s be clear: we’re all responsible if scamming remains profitable - because people keep blindly buying into shitcoins, hypes, trending and boosted on Dex.
Maybe nothing will change. Or will it?
Thanks for reading this far.
You’re part of the absolute minority. 💚🤝
