Remember me
▼ Content

Watching the Train Wreck in Slow Motion



Page 11 of 12<<<9101112>
13-09-2021 17:44
IBdaMannProfile picture★★★★★
(9934)


gfm7175 wrote:Quick math question for you: What is a billion times zero??

Great question. This is the second time you have asked. All schemes collapse.

Regarding Safemoon, I would like to make a correction.

The entire time that we have been discussing the impending Safemoon train wreck, I have been insisting that Safemoon is a pyramid scheme and not a Ponzi scheme. Upon further reflection, Safemoon is exactly a Ponzi scheme ... specifically a three-tiered Ponzi.

My mistake was in mischaracterizing pump-n-dumps and how they function. Safemoon is a pump-n-dump ... and that entails bringing in other people to buy the "coin" from which residuals, i.e. reflections, are paid to those who are already in. I did not feel it necessary to convolute the matter unnecessarily so I left it at "Safemoon is a pyramid."

However, the specific operation implemented by Safemoon follows the Ponzi playbook exactly; he just uses an otherwise legitimate cryptocurrency to commit massive fraud in the same way that a violent criminal might use a perfectly good butcher's knife to commit a murder. The operator (alone at the top) creates the cryptocurrency with an initial value at inception of zero and he sets aside a big chunk of the coin for himself. He then gathers an insider group of friends and associates (2nd tier), sets the selling price of the "coin" to something very, very low (because he gets to arbitrarily set the price) and then coordinates for all of the 2nd tier to buy lots and lots and lots of the "coin" at the exact same time, causing the Binance price algorithm to blast the coin's price on the exchange board sky-high, to a level that will never be reached again. This is the pump and it is when/how all the "whales" are created. Pump-n-dumps are obvious because they have a mile-high peak right at the beginning that is extremely sharp and brief. It's too quick for anyone but the 2nd tier to get in before the dump.

Then the whales engage in a colossal marketing blitz, hordes of YouTube videos and social media coverage galore to create immeasurable excitement about the "hottest cryptocurrency EV-AH" in order to generate global FOMO. The CEO and the 2nd tier then turn right around and sell their "coins" for immeasurable profit, i.e. the dump. The price of the "coin" of course begins dropping on the Binance board. The key point is that all the profit is funded by all the 3rd tier who are flooding in to assuage their own FOMO. This is Ponzi straight up. Yes, it is a pyramid but I now think it is more accurate to refer to it as a Ponzi.

99.99% of all 3rd tier participants will lose most/all of their money. Only the 2nd tier of insiders make money ... at the expense of the 3rd tier. It's why I ask all the people who plan on gambling in Vegas who they believe pays for all the casino construction, luxury, glamour, lights and all the employees' salaries? From where does that money come?

I asked previously why the Safemoon directors would keep Safemoon operational. Well, Xadoman gave me the answer. There are still people willing to lose money even knowing a priori that the money will be simply lost.

14-09-2021 00:36
James___
★★★★★
(4991)
You're kind of missing it IBDM. If people use Safemoon as currency just as credit is used, who profits from it? With credit card companies people will pay varying rates of interest. What you need to consider is people who don't want their money tracked like people who don't want to get vaxxed.
It's possible it's value might have fallen as a result of the resignations at the top. Did they make a quick profit and then leave? It's like Amazon common stock in a way. People buy that on the hopes it will go up. They receive no stock dividend. With Safemoon, it has no assets which hurts it but then credit card companies borrow money from the government to extend credit.
With Bitcoin, it's value increased because of the dark net. And with Safemoon, can it get into that market? If so then someone could make money off of it.
14-09-2021 01:41
IBdaMannProfile picture★★★★★
(9934)


James___ wrote:You're kind of missing it IBDM. If people use Safemoon as currency just as credit is used, who profits from it?

You're kind of missing it James__. Safemoon is not used as a currency. The 10% transaction fee precludes Safemoon from ever being used. This is entirely deliberate on the part of the Safemoon directors. Safemoon is a scam, not a currency. You should go all the way back to the beginning of this thread and get up to speed.

James___ wrote:With credit card companies people will pay varying rates of interest. What you need to consider is people who don't want their money tracked like people who don't want to get vaxxed.

I realize that there are people who want anonymity, but what does that have to do with the Safemoon scam?

The people who buy into Safemoon are the same ones who participate in pyramid schemes when they think they are getting in early. They are people who want to get rich quick even through fraudulent means. Combine the desire to become wealthy right now with a high dose of FOMO and you have the Safemoon scam in a nutshell.

James___ wrote: It's possible it's value might have fallen as a result of the resignations at the top.

Safemoon's price has fallen because there is no economic reason for the price to rise. The tokens are worthless.

James___ wrote:Did they make a quick profit and then leave?

Yes. The CEO stuck around to collect money on each transaction that might occur, namely people trying to sell their tokens and cut their losses. Each time that happens the CEO gets another paycheck funded by a stupid dupe who lept before he looked.

14-09-2021 04:02
James___
★★★★★
(4991)
IBdaMann wrote:


James___ wrote:You're kind of missing it IBDM. If people use Safemoon as currency just as credit is used, who profits from it?

You're kind of missing it James__. Safemoon is not used as a currency. The 10% transaction fee precludes Safemoon from ever being used. This is entirely deliberate on the part of the Safemoon directors. Safemoon is a scam, not a currency. You should go all the way back to the beginning of this thread and get up to speed.

James___ wrote:With credit card companies people will pay varying rates of interest. What you need to consider is people who don't want their money tracked like people who don't want to get vaxxed.

I realize that there are people who want anonymity, but what does that have to do with the Safemoon scam?

The people who buy into Safemoon are the same ones who participate in pyramid schemes when they think they are getting in early. They are people who want to get rich quick even through fraudulent means. Combine the desire to become wealthy right now with a high dose of FOMO and you have the Safemoon scam in a nutshell.

James___ wrote: It's possible it's value might have fallen as a result of the resignations at the top.

Safemoon's price has fallen because there is no economic reason for the price to rise. The tokens are worthless.

James___ wrote:Did they make a quick profit and then leave?

Yes. The CEO stuck around to collect money on each transaction that might occur, namely people trying to sell their tokens and cut their losses. Each time that happens the CEO gets another paycheck funded by a stupid dupe who lept before he looked.




When the top people of Safemoon resigned, was it about profit taking? That is what such currency has become about. It's more about the dark net than anything else.
The sad part is that the dark net isn't about computer hackers. It's more about evading the law. And if you're religious, the church. It is where your secrets are safe.

an FYI, on the dark web, your location might be processed through thousands of locations rendering you anonymous. Your identity is safe. Why Bitcoin has value.
They simply can't trace the source of your income.
Just foreplay for your p.c. (personal computer).

p.s., share any videos or pics online? The dark web allows for that. And for those who want to visit the dark web;
https://www.webhostingsecretrevealed.net/blog/web-tools/tourist-guide-to-dark-web-accessing-the-dark-web-tor-browser-and-onion-websites/

For those who aren't familiar with the dark web, your virtual location will be routed through thousands of servers. You are safe.
And then there are ****s like myself. We can find you. Still, seek and we will find you.
Edited on 14-09-2021 04:22
14-09-2021 05:16
James___
★★★★★
(4991)
James___ wrote:
IBdaMann wrote:


James___ wrote:You're kind of missing it IBDM. If people use Safemoon as currency just as credit is used, who profits from it?

You're kind of missing it James__. Safemoon is not used as a currency. The 10% transaction fee precludes Safemoon from ever being used. This is entirely deliberate on the part of the Safemoon directors. Safemoon is a scam, not a currency. You should go all the way back to the beginning of this thread and get up to speed.

James___ wrote:With credit card companies people will pay varying rates of interest. What you need to consider is people who don't want their money tracked like people who don't want to get vaxxed.

I realize that there are people who want anonymity, but what does that have to do with the Safemoon scam?

The people who buy into Safemoon are the same ones who participate in pyramid schemes when they think they are getting in early. They are people who want to get rich quick even through fraudulent means. Combine the desire to become wealthy right now with a high dose of FOMO and you have the Safemoon scam in a nutshell.

James___ wrote: It's possible it's value might have fallen as a result of the resignations at the top.

Safemoon's price has fallen because there is no economic reason for the price to rise. The tokens are worthless.

James___ wrote:Did they make a quick profit and then leave?

Yes. The CEO stuck around to collect money on each transaction that might occur, namely people trying to sell their tokens and cut their losses. Each time that happens the CEO gets another paycheck funded by a stupid dupe who lept before he looked.




When the top people of Safemoon resigned, was it about profit taking? That is what such currency has become about. It's more about the dark net than anything else.
The sad part is that the dark net isn't about computer hackers. It's more about evading the law. And if you're religious, the church. It is where your secrets are safe.

an FYI, on the dark web, your location might be processed through thousands of locations rendering you anonymous. Your identity is safe. Why Bitcoin has value.
They simply can't trace the source of your income.
Just foreplay for your p.c. (personal computer).

p.s., share any videos or pics online? The dark web allows for that. And for those who want to visit the dark web;
https://www.webhostingsecretrevealed.net/blog/web-tools/tourist-guide-to-dark-web-accessing-the-dark-web-tor-browser-and-onion-websites/

For those who aren't familiar with the dark web, your virtual location will be routed through thousands of servers. You are safe.
And then there are ****s like myself. We can find you. Still, seek and we will find you.


To have some fun with you guys there is Dirks Bentley; https://www.youtube.com/watch?v=fTqra4YSsaM
Edited on 14-09-2021 05:53
14-09-2021 05:53
GasGuzzlerProfile picture★★★★★
(2152)
IBdaMann wrote:
Safemoon's price has fallen because there is no economic reason for the price to rise. The tokens are worthless.


So why can't we help out a little? What's happens if we put a new face on the Safemoon token and make it a collectable that will spark interest in purchasing the coin?

I can't think of a better graphic than my creation below that demonstrates a "safe moon".

IBdaMann, are you able to turn this into a coin with some reasonable value?


ANY mask is better than no mask, even if you have to resort to putting a tightly fit plastic bag over your head-COVIDEXPERTGFM

I don't have a GoFundMe, but I do have a PO Box (#666)-COVIDEXPERTGFM
Attached image:

14-09-2021 07:26
Xadoman
★★★☆☆
(600)
953188125.141 SAFEMO 13.09.2021
953529873.491 SAFEMO 14.09.2021
14-09-2021 11:18
duncan61
★★★★☆
(1350)
The live SafeMoon price today is $0.000002 USD with a 24-hour trading volume of $14,271,609 USD. We update our SAFEMOON to USD price in real-time. SafeMoon is up 23.05% in the last 24 hours. The current CoinMarketCap ranking is #211, with a live market cap of $1,002,566,053 USD. It has a circulating supply of 585,536,366,402,812 SAFEMOON coins.

Not quite dead yet as much as you hope it is.If it is still ranking at #211 its active.These things are always risky but can work.I am going to share a story
In the mid 80s my parents received a tax bill around $2500AUD.My mother being my mother went to the post office and handed it over in cash.My dad had worked all year at the refinery and mum had worked part time so they ended up with a bill.Whilst bleating about it at the tennis club a 'FRIEND' Recommended they invest in property developments to minimise their tax and they went along and put their life savings in to it and it did not work.The deal was old buildings in CBDs around Australia would be renovated and leased out to companies and create this massive revenue stream.After 2 years nothing had happened except the buildings were purchased and gazzillions spent on marketing and managment fees and all the money was gone.My parents accepted the loss and worked for a few extra years and forgot about it.Last Sunday I went South on the train to visit my dad for fathers day who is now 86 and has just been admitted to a nursing home with dementia.One of my brothers have taken over all the affairs and he showed me the origional documents.My parents now own a portion of many multi storey commercial buildings that have been fully renovated and offices leased for many years.The value of the portfolio is over a million.Now that is HODLING in style
14-09-2021 13:22
IBdaMannProfile picture★★★★★
(9934)
duncan61 wrote:The live SafeMoon price today is $0.000002 USD

No, it is not. Safemoon price barely touched $0.0000018 on the two occasions that someone tried to buy and the Safemoon directors spiked the price for the orders.

Look at the chart before you copy-paste erroneous text.

duncan61 wrote: ...with a 24-hour trading volume of $14,271,609 USD.

Practically all of that was performed by the Safemoon CEO merely shifting value around on Binance.

duncan61 wrote:Not quite dead yet ...

That depends on one's perspective.

duncan61 wrote: ... as much as you hope it is.

I don't hope it dead. Why are you assigning this bogus position to me? Are you trying to shift attention away from the way you egg on Xadoman to keep losing money? Is it because you are simply dishonest?

duncan61 wrote: If it is still ranking at #211 its active.

Heavily a matter of perspective.

duncan61 wrote:These things are always risky

Define "these things"? What is likely is that you are once again talking about the wrong thing.

duncan61 wrote: but can work.

Of course a scam can very well work for the people running the scam.

duncan61 wrote:In the mid 80s my parents ... [dissimilar investment anecdote deleted]

I too know people who profited from long-term investments that were supposed to be short-term investments. What does that have to do with scams?


.


A Spaghetti strainer with the faucet running, retains water- tmiddles

Clouds don't trap heat. Clouds block cold. - Spongy Iris

Printing dollars to pay debt doesn't increase the number of dollars. - keepit

If Venus were a black body it would have a much much lower temperature than what we found there.- tmiddles

Ah the "Valid Data" myth of ITN/IBD. - tmiddles

Ceist - I couldn't agree with you more. But when money and religion are involved, and there are people who value them above all else, then the lies begin. - trafn

You are completely misunderstanding their use of the word "accumulation"! - Climate Scientist.

The Stefan-Boltzman equation doesn't come up with the correct temperature if greenhouse gases are not considered - Hank

:*sigh* Not the "raw data" crap. - Leafsdude

IB STILL hasn't explained what Planck's Law means. Just more hand waving that it applies to everything and more asserting that the greenhouse effect 'violates' it.- Ceist
14-09-2021 16:31
gfm7175Profile picture★★★★★
(2452)
Xadoman wrote:
953188125.141 SAFEMO 13.09.2021
953529873.491 SAFEMO 14.09.2021

RAAA. (repetitive assertion already addressed)

Continued evasion and dishonesty.

Answer the questions put to you.


14-09-2021 21:02
Spongy Iris
★★★☆☆
(759)
More financial news about banning payment for order flow

Republicans were generally less supportive of payment restrictions for the flow of orders. Sen. Tim Scott, the Republican of South Carolina, said the restriction on payments could result in the return of initial brokerage commissions, which would reduce access to trading for groups that previously did not have access to the markets.

When we hear things like banning payment for the flow of orders, it sends shivers down the spines of people who have been waiting for that day to come, he said


https://tittlepress.com/crypto/1159899/


15-09-2021 07:30
IBdaMannProfile picture★★★★★
(9934)
duncan61 wrote:If it is still ranking at #211 its active.

Just a follow-up for you ...

I wanted to illustrate for the board just how absurd your contention is that Safemoon is somehow teeming with life. The attached shows the true Safemoon picture when the price axis increment is not decreased below one-ten-thousandth of a cent and the Binance background noise is not artificially magnified to give the appearance of activity ...

With the exception of two Safemoon transactions yesterday (3:50 am and 4:35 am respectively) there has been no activity. You can look at the chart ... but actually look at it instead of ignoring it and simply copy-pasting errant text nearby ... and notice that it is a flat line.

Safemoon is not "active" as you claim.

.
Attached image:

15-09-2021 16:14
gfm7175Profile picture★★★★★
(2452)
IBdaMann wrote:
duncan61 wrote:If it is still ranking at #211 its active.

Just a follow-up for you ...

I wanted to illustrate for the board just how absurd your contention is that Safemoon is somehow teeming with life. The attached shows the true Safemoon picture when the price axis increment is not decreased below one-ten-thousandth of a cent and the Binance background noise is not artificially magnified to give the appearance of activity ...

With the exception of two Safemoon transactions yesterday (3:50 am and 4:35 am respectively) there has been no activity. You can look at the chart ... but actually look at it instead of ignoring it and simply copy-pasting errant text nearby ... and notice that it is a flat line.

Safemoon is not "active" as you claim.

.

duncan "has learned" an important lesson today, and that lesson is that the axes of charts matter... a lot...
15-09-2021 16:32
IBdaMannProfile picture★★★★★
(9934)
gfm7175 wrote:duncan "has learned" an important lesson today, and that lesson is that the axes of charts matter... a lot...

As a matter of fact, I have instituted a new convention: The Honesty Chart

I will be posting Safemoon price charts that filter out the random Binance background noise and reveal only the Safemoon activity. This will be accomplished by fine-tuning the Price axis to one-ten-thousandth of a cent of a US dollar ... so we can zoom in on all the price activity and closely examine it.

Let's take a close, honest look at all the Safemoon price activity for the past twenty-four hours:
.
Attached image:

15-09-2021 18:57
gfm7175Profile picture★★★★★
(2452)
IBdaMann wrote:
gfm7175 wrote:duncan "has learned" an important lesson today, and that lesson is that the axes of charts matter... a lot...

As a matter of fact, I have instituted a new convention: The Honesty Chart

I will be posting Safemoon price charts that filter out the random Binance background noise and reveal only the Safemoon activity. This will be accomplished by fine-tuning the Price axis to one-ten-thousandth of a cent of a US dollar ... so we can zoom in on all the price activity and closely examine it.

I fully support this convention, since apparently there are people like duncan out there who don't know how to look at and comprehend the axes of charts.

IBdaMann wrote:
Let's take a close, honest look at all the Safemoon price activity for the past twenty-four hours:
.

It looks completely and utterly flat to me...


16-09-2021 05:12
James___
★★★★★
(4991)
gfm7175 wrote:

I fully support this convention, since apparently there are people like duncan out there who don't know how to look at and comprehend the axes of charts.




Charts use latitude and longitude with an axis of 360º. When I chop wood, I use an axe but will never use "axes" unless I need a splitting mall which really isn't an axe. It's a wedge that is driven in with a sledge hammer.
An example is if you have a split in wood or concrete, place the splitting mall into a crack, a 3 lb. sledge usually works and then grab your big boy 8 or 10 lb sledge.
And now we're back to f = ma and with the 3 lb hammer, it's like driving a divot into rock. You need to get that toe hold or anchor, right?
16-09-2021 05:36
IBdaMannProfile picture★★★★★
(9934)


James___ wrote:When I chop wood, I use an axe but will never use "axes" unless I need a splitting mall which really isn't an axe.

"Axes" is the plural of "axis."

16-09-2021 05:55
James___
★★★★★
(4991)
IBdaMann wrote:


James___ wrote:When I chop wood, I use an axe but will never use "axes" unless I need a splitting mall which really isn't an axe.

"Axes" is the plural of "axis."



You don't get this, do you? Radius, radii. The plural of axis cannot also be the plural of axe. They are 2 different words. And now we can get into entomology. It's actually etymology but really, what's the difference?
If anything, the plural of axis would be axii. This is if we follow a specific syntax.
That's like the actual pronunciation of Hawaii which is really Hawai'i. To spell Hawai'i without the apostrophe is to spell it wrong. So I guess the plural of axis to agree with the Hawai'ian language would be axi'i.
With Greeks however it would simply be radii and axii while the singular would be axius. And what you swing is an axe and if more than one axe is being swung then it is axes. Axes might actually refer to the movement of the implement and not the tool itself. Something moving about an axius is what? Please don't tell me it's an axe. That's like saying it's "rad" when you could be saying radius or radical.
And then we'd be getting into math which the Greeks knew. To state the obvious,
axes, axis and axius all sound the same. If you consider the root words, axis is clearly wrong. Axes is the plural of axe while the plural of axius (what the radius is measured from) is axii.
And we're back to https://www.youtube.com/watch?v=ZMS_n1l3Wxc
Edited on 16-09-2021 06:09
16-09-2021 06:26
IBdaMannProfile picture★★★★★
(9934)
September 15th is coming to a close. Tomorrow is 16 September. What is the state of Safemoon at the moment?

Brief Historical Recap: Safemoon launched more or less in secret in March (2021) and its "pump" occurred on 20 April, creating the initial cadre of whales and briefly launching the price into orbit at $0.0000135 (only four zeroes) to a very boisterous marketing blitz on YouTube and across all social media. Since Safemoon was all about the "pump and dump" the price steadily dropped over time with nothing to cause the price to ever increase. HODLers simply watched all their tokens lose their efemeral "value" as the 10% transaction fee paralyzed them into inaction, preventing them from cutting their losses and getting out while nonetheless promising them that their worthless tokens would somehow "moon" for no reason for an ROI of 100,000% no less.

Current Status: On 15 August, Safemoon's price fell below $0.000002 (five zeroes) and stayed there until the phony hype of an imminent release of "Safemoon Wallet" on 28 August which caused the price to artificially soar once again. The app was a total sham and the price plummeted to its previous low. On 9 September, Safemoon fell below $0.000002 again and has been there since.

Whereas previously there just weren't videos honestly discussing Safemoon, within the past week there have been videos such as this one:
https://www.youtube.com/watch?v=Nra57PlAYOs

... and even CoinMarketCap placed a warning article directly on the Safemoon price page:

Those new to crypto beware of Safemoon

Then we have to look at Safemoon's "activity" ... or better stated, lack thereof. The following chart shows a close examination of Safemoon activity over the past five days, drilling down to the ten-thousandth of a cent to ensure we can see all movement.

So what's the verdict?
.
Attached image:


Edited on 16-09-2021 06:33
16-09-2021 06:30
James___
★★★★★
(4991)
IBdaMann wrote:
September 15th is coming to a close. Tomorrow is 16 September. What is the state of Safemoon at the moment?

Brief Historical Recap: Safemoon launched more or less in secret in March (2021) and its "pump" occurred on 20 April, creating the initial cadre of whales and briefly launching the price into orbit at $0.0000135 (only four zeroes) to a very boisterous marketing blitz on YouTube and across all social media. Since Safemoon was all about the "pump and dump" the price steadily dropped over time with nothing to cause the price to ever increase. HODLers to simply watch all their tokens lose their efemeral "value" as they HODLed to avoid the 10% transaction fee while hoping beyond hope that their worthless tokens would somehow increase in price for no reason.

Current Status: On 15 August, Safemoon's price fell below $0.000002 (when we adjusted the baseline downward) and stayed there until the phony hype of an imminent release of "Safemoon Wallet" on 28 August which caused the price to artificially soar once again. The app was a total sham and the price plummeted to its previous low. On 9 September, Safemoon fell below $0.000002 again and has been there since.

Whereas previously there just weren't videos honestly discussing Safemoon, within the past week there have been videos such as this one:
https://www.youtube.com/watch?v=Nra57PlAYOs

... and even CoinMarketCap placed a warning article directly on the Safemoon price page:

Those new to crypto beware of Safemoon

Then we have to look at Safemoon's "activity" ... or better stated, lack thereof. The following chart shows a close examination of Safemoon activity over the past five days, drilling down to the ten-thousandth of a cent to ensure we can see all movement.

So what's the verdict?
.



And you're ignoring the fact that the plural of axius is axii? Really?
16-09-2021 16:32
gfm7175Profile picture★★★★★
(2452)
James___ wrote:
IBdaMann wrote:
James___ wrote:When I chop wood, I use an axe but will never use "axes" unless I need a splitting mall which really isn't an axe.

"Axes" is the plural of "axis."

You don't get this, do you?

He gets it fine. So do I. YOU apparently don't get it, though.

James___ wrote:
Radius, radii.

Your point?

James___ wrote:
The plural of axis cannot also be the plural of axe.

Yes, it can. English is a strange language.

James___ wrote:
They are 2 different words.

Yeah. So? They both have the same spelling in their plural form, but they are each pronounced differently.

Axe / Axes --- AK-sizz
Axis / Axes --- AK-seez

James___ wrote:
And now we can get into entomology.

We're going to study insects now?!

James___ wrote:
It's actually etymology

We're going to study the origin of words now?!

James___ wrote:
but really, what's the difference?

Entomology is the study of insects.
Etymology is the study of word origins.

James___ wrote:
If anything, the plural of axis would be axii. This is if we follow a specific syntax.

Maybe that's the way it is in Jamesbabble, but that's not the way it is in English.

James___ wrote:
That's like the actual pronunciation of Hawaii which is really Hawai'i. To spell Hawai'i without the apostrophe is to spell it wrong. So I guess the plural of axis to agree with the Hawai'ian language would be axi'i.
With Greeks however it would simply be radii and axii while the singular would be axius. And what you swing is an axe and if more than one axe is being swung then it is axes. Axes might actually refer to the movement of the implement and not the tool itself. Something moving about an axius is what? Please don't tell me it's an axe. That's like saying it's "rad" when you could be saying radius or radical.
And then we'd be getting into math which the Greeks knew. To state the obvious,
axes, axis and axius all sound the same. If you consider the root words, axis is clearly wrong. Axes is the plural of axe while the plural of axius (what the radius is measured from) is axii.
And we're back to https://www.youtube.com/watch?v=ZMS_n1l3Wxc

And a ****-ton more Jamesbabble............


16-09-2021 16:36
gfm7175Profile picture★★★★★
(2452)
My verdict is that Safemoon is dead (flat-lined).
16-09-2021 17:10
IBdaMannProfile picture★★★★★
(9934)
gfm7175 wrote:My verdict is that Safemoon is dead (flat-lined).

... unless you assume the perspective of those for whom Safemoon represents a very real fantasy in their happy little world.

Do you get mental imagery of losers in their mothers' basements eating cookies and pretending to be important people?

https://www.youtube.com/watch?v=WLcqbEQLjYY

.


A Spaghetti strainer with the faucet running, retains water- tmiddles

Clouds don't trap heat. Clouds block cold. - Spongy Iris

Printing dollars to pay debt doesn't increase the number of dollars. - keepit

If Venus were a black body it would have a much much lower temperature than what we found there.- tmiddles

Ah the "Valid Data" myth of ITN/IBD. - tmiddles

Ceist - I couldn't agree with you more. But when money and religion are involved, and there are people who value them above all else, then the lies begin. - trafn

You are completely misunderstanding their use of the word "accumulation"! - Climate Scientist.

The Stefan-Boltzman equation doesn't come up with the correct temperature if greenhouse gases are not considered - Hank

:*sigh* Not the "raw data" crap. - Leafsdude

IB STILL hasn't explained what Planck's Law means. Just more hand waving that it applies to everything and more asserting that the greenhouse effect 'violates' it.- Ceist
17-09-2021 01:22
IBdaMannProfile picture★★★★★
(9934)
We have arrived at the evening of 16 September 2021.

Current Safemoon Price: $0.000001680


Let's examine this fine day of Safemoon activity:
Attached image:

18-09-2021 08:30
IBdaMannProfile picture★★★★★
(9934)

.
Attached image:

18-09-2021 18:59
IBdaMannProfile picture★★★★★
(9934)
I never got any sort of answer from Xadoman, Duncan or any other board member to my question ... so I'll ask again.

Given that Safemoon is effectively dead, i.e. the full extent of the "activity" fits into the thickness of a flat line, ... and given that the Safemoon token is practically worthless, what reason do you have for expecting the Safemoon directors to not act in their own financial interest by pulling the hundreds of millions of dollars that is currently tied up as liquidity for Safemoon and for their other cryptos rather than expecting the directors to pull that money any week now and use it elsewhere where they can obtain at least some ROI?

I'm just wondering on what rationale are you hanging your hope/faith/belief.
Attached image:


Edited on 18-09-2021 19:02
19-09-2021 04:39
duncan61
★★★★☆
(1350)
Time
19-09-2021 23:52
IBdaMannProfile picture★★★★★
(9934)


duncan61 wrote: Time

This is a totally irrational response. In fact, it is Duncan-level irrational.

1. Your response requires one to discard all information about Safemoon and instead delude oneself into believing that Safemoon is somehow not a "pump-n-dump" scam.

2. Your response requires one to discard all financial and economics understanding and erroneously presume that currencies are instead non-liquid investments.

3. Your response pretends that you have the magical superpower to see the future and that you somehow know that time will redeem your delusions in points one and two. You direct this presumed superpower towards Xadoman in order to encourage him to throw away his money, presumably because you hate him.

Duncan, I was asking for rationale, which is by definition rational. All you provided was delusional irrationality. Would you care to try again or is irrational delusion your only reason for expecting the Safemoon directors will abstain from acting in their own financial interest?

20-09-2021 03:01
duncan61
★★★★☆
(1350)
So Safemoon may not be worth anything in 10 years.What if your wrong and you could be and its at .25 like Dogecoin.Where do you go from there.This whole thread is a good example of how you deal with stuff.cynically and negatively.I hope the bloke does well what do I care girlfriend
20-09-2021 04:06
IBdaMannProfile picture★★★★★
(9934)
duncan61 wrote: So Safemoon may not be worth anything in 10 years.

All pyramids and Ponzi schemes collapse. How much money should someone give to one?

duncan61 wrote:What if your wrong and you could be ...

For your statement to be valid, you need to tell me on what point I am mistaken. I have provided information about Safemoon. You are denying all of it without explaining why you believe any of it to be incorrect. I cannot be "wrong" if I'm correct.

Start explaining why I am incorrect. While you are doing so, avoid assigning to me bogus positions that I do not have.

duncan61 wrote: and its at .25 like Dogecoin.

Incorrect. Safemoon is at $0.000001542 and is flat-lined. The chart software has to graduate the price axis in units of one one-millionth of a cent just to make the background noise visible otherwise there is nothing going on.

On the morning of 7 September 2021, Safemoon took its last plunge below $0.000002 and has remained submerged since. The only time Safemoon's price changes any substantive amount on the Binance exchange is when the Safemoon directors shift value around between their multiple liquidity pools, which is a primary factor in the Binance price calculation algorithm. Safemoon's price does not change because of regular free market activity because there isn't any. The volume and the price change is artificial, due to liquidity shuffling.

In any event, Safemoon price is already so close to the rug that when it gets pulled it will feel just like any other price drop ... with the noticeable exception that it will carry with it the awareness that it is the final price drop. Safemoon is running out of numbers, being so close to the bottom that it need only drop half of what it surged and fell at the end of August to actually fall flat on zero.

On what point am I incorrect? Do you even know what a "pump-n-dump" is? Do you know how to spot one?


duncan61 wrote: This whole thread is a good example of how you deal with stuff.cynically and negatively.

You have an interesting way of characterizing "honestly" and "factually." Maybe this is just another example of your poor English proficiency.

duncan61 wrote: I hope the bloke does well ...

No, you don't. You want him to lose money. You cheer on his denial of truthful information that is presented to him. You celebrate his participation in a scam. That makes you a schytty person.

duncan61 wrote: what do I care girlfriend

Apparently you hate people and want to see them lose. Apparently you hate people who provide information.

.
Attached image:

20-09-2021 08:16
IBdaMannProfile picture★★★★★
(9934)
Question for the board ...

I claim that Safemoon's value is being drained via the liquidity pool shuffle.



Every week, less and less remains, causing the Binance algorithm to calculate a lower value. Except for the obvious brief periods of funny business, Safemoon's price has been sliding consistently downward for months from $0.00001350 (only four zeroes) to having been below $0.000002 for almost two weeks.

Is Safemoon going down for the last time? Are we seeing the rug being pulled in slow motion right before our eyes?

Current Safemoon Price: $0.000001481 (roughly 60 SPUs lower than when I last posted)

20-09-2021 16:13
IBdaMannProfile picture★★★★★
(9934)
Is Safemoon going down for the last time? Why would the Safemoon directors not act in their own financial interest?

Current Safemoon Price: $0.000001373

... *OR* ... is this the right time to buy as Xadoman and Duncan would have you believe?
Edited on 20-09-2021 16:40
21-09-2021 02:30
duncan61
★★★★☆
(1350)
Its tanking.I told you it would!
21-09-2021 06:34
IBdaMannProfile picture★★★★★
(9934)
duncan61 wrote: Its tanking.I told you it would!

The only thing on which you have been clear is your congratulations to Xadoman for sinking more money into Safemoon.

The only thing on which Xadoman has been clear is his intention to keep buying more Safemoon ... and that others should buy Safemoon too, like he is recruiting for a pyramid scheme.

Were you aware that Safemoon's high price and Safemoon's low price over the previous 24 hours differ by fourteen-millionths of a US penny. That's a virtual Matterhorn there.

Current Safemoon Price: $0.000001382
Amount Safemoon dropped between 28-29 August: $0.000001128

.


A Spaghetti strainer with the faucet running, retains water- tmiddles

Clouds don't trap heat. Clouds block cold. - Spongy Iris

Printing dollars to pay debt doesn't increase the number of dollars. - keepit

If Venus were a black body it would have a much much lower temperature than what we found there.- tmiddles

Ah the "Valid Data" myth of ITN/IBD. - tmiddles

Ceist - I couldn't agree with you more. But when money and religion are involved, and there are people who value them above all else, then the lies begin. - trafn

You are completely misunderstanding their use of the word "accumulation"! - Climate Scientist.

The Stefan-Boltzman equation doesn't come up with the correct temperature if greenhouse gases are not considered - Hank

:*sigh* Not the "raw data" crap. - Leafsdude

IB STILL hasn't explained what Planck's Law means. Just more hand waving that it applies to everything and more asserting that the greenhouse effect 'violates' it.- Ceist
21-09-2021 16:34
gfm7175Profile picture★★★★★
(2452)
IBdaMann wrote:
I never got any sort of answer from Xadoman, Duncan or any other board member to my question ... so I'll ask again.

Given that Safemoon is effectively dead, i.e. the full extent of the "activity" fits into the thickness of a flat line, ... and given that the Safemoon token is practically worthless, what reason do you have for expecting the Safemoon directors to not act in their own financial interest by pulling the hundreds of millions of dollars that is currently tied up as liquidity for Safemoon and for their other cryptos rather than expecting the directors to pull that money any week now and use it elsewhere where they can obtain at least some ROI?

I'm just wondering on what rationale are you hanging your hope/faith/belief.

Speaking for myself (the only person who I can speak for), I have no hope/faith/belief in Safemoon and I cannot think of any rationale to have any.

Duncan seems to believe that more time will resuscitate Safemoon. That's irrational because one would have to completely ignore everything scammy that has become known about Safemoon, such as the "pump and dump" nature of it.

"Just a few more pulls on the slots... and a few more... and a few more..." Mmmmmmmm FOMO!!



Edited on 21-09-2021 16:40
22-09-2021 01:10
IBdaMannProfile picture★★★★★
(9934)
GasGuzzler wrote:I can't think of a better graphic than my creation below that demonstrates a "safe moon".

IBdaMann, are you able to turn this into a coin with some reasonable value?

GasGuzzler, I apologize ... this one slipped under the radar.

The problem I have is with placing an image, any image, on something that simply does not exist. How does one go about doing that?

There is no such thing as a Safemoon token except in the minds of those who wish to play "pretend." There is literally no way to place any sort of image onto a Safemoon token. This is why cryptocurrencies are such a stupid gamble. At least fiat currencies exist in tangible form, i.e. you can hold a $10 bill in your hand and the Bureau of Engraving can, and does, put an image onto it.

When Xadoman buys Safemoon tokens, for example, he has nothing to show for it except a printout that tells him how many of such tokens he supposedly has. With fiat currency you can safeguard/protect your $10 bill to your comfort level. With Safemoon tokens, however, they don't actually exist in order to be able to be protected. If a HODLer is simply informed that he has lost tokens, there is nothing he can do beyond complaining to deaf ears.

.
Attached image:

22-09-2021 01:26
IBdaMannProfile picture★★★★★
(9934)
On September 19th, the directors apparently drained Safemoon of its next installment causing the price to drop below $0.000001500 ... and try as it might, the price hasn't returned back up to that point, spending all of its time in 14XX and 13XX territory. Safemoon just dropped down to $0.000001322 but then bounced back upward. Let's see if it can manage to get back to $0.000001400. Safemoon's price is currently at $0.000001338.

I believe GaasGuzzler is onto something. Perhaps the name Safemoon is not intended to convey to HODLers safety in going to the moon but rather to assure HODLers they can safely assume they are getting mooned by the directors.

GasGuzzler has a good track record for catching onto these things. I'm going with him on this one.

.
Attached image:

22-09-2021 04:45
IBdaMannProfile picture★★★★★
(9934)
I'm rooting for Safemoon! It can do it, I know it can! Safemoon is going to bust $0.000001400 one more time, I can feel it!

Current Safemoon Price: $0.000001388

--------

Edit: C'mon ... don't be slipping ... don't give up now ... just a little more to go ...

Current Safemoon Price: $0.000001387

--------

Edit: Yesssss, it's getting there ... c'mon, c'mon ... just a nudge more ...

Current Safemoon Price: $0.000001393

--------

No, no, no ... don't slip now .... hang in there .... HANG IN THERE ...

Current Safemoon Price: $0.000001378
Attached image:


Edited on 22-09-2021 05:37
23-09-2021 16:16
gfm7175Profile picture★★★★★
(2452)
IBdaMann wrote:
I'm rooting for Safemoon! It can do it, I know it can! Safemoon is going to bust $0.000001400 one more time, I can feel it!

Current Safemoon Price: $0.000001388

--------

Edit: C'mon ... don't be slipping ... don't give up now ... just a little more to go ...

Current Safemoon Price: $0.000001387

--------

Edit: Yesssss, it's getting there ... c'mon, c'mon ... just a nudge more ...

Current Safemoon Price: $0.000001393

--------

No, no, no ... don't slip now .... hang in there .... HANG IN THERE ...

Current Safemoon Price: $0.000001378


Rest assured, Safemoon is now in the 14XXs... Xadoman feels much better about his "investment" now (or so he lies to himself).

Xadoman: How are your "reflections" coming along?


23-09-2021 17:21
IBdaMannProfile picture★★★★★
(9934)


gfm7175 wrote:Rest assured, Safemoon is now in the 14XXs...

Obviously I was joking around. I was confident Safemoon would enter 14XX and stay there a while. I figured out the pattern.

The directors are, and have been, steadily draining money/value out of Safemoon. It is a slow rug-pull. Just look at the price chart for the entirety of Safemoon from inception and it is obvious that the directors had planned all along that once all the 3rd-tier money poured in after the "dump" they would take regular "withdrawals" by shifting value across their multiple liquidity pools in Binance.

Every time they make such a "withdrawal" the price of the token decreases exactly as a stock price decreases when dividends are paid. It's purely a mathematical computation performed on the exchange (Binance in the case of Safemoon) and the price drops very rapidly towards that new lower value. Thereafter the token price, or the stock price in the case of stocks, slowly increases back towards the previous price. In the case of stocks, however, there are earnings, i.e. it's a business and money comes in, therefore the price has a basis for returning to its previous mark.

Safemoon has no such basis; the tokens are worthless. The calculation causing the decrease in price always seems to overshoot by 100-150 SPUs and the price slowly increases a bit thereafter and eventually stabilizes at a nonetheless noticeably lower price than before the withdrawal. After the smoke clears at the new lower price, the directors make their next withdrawal.

Whenever the Safemoon price seems to bottom out, look for it to "bounce back" at some point and increase in the same way, and to the same extent, that it has the previous times that the price has seemingly bottomed out.

In other words, the price seems to have settled in the 14XX so look for the next "withdrawal" slipping out the liquidity pool "back door" (also called the "Curly Shuffle") and for the price to do the "drop-bounce" again, and again, and again until it reaches zero and there's no longer any rug under the feet.



gfm7175 wrote:Xadoman feels much better about his "investment" now (or so he lies to himself).

Nope. Xadoman has made his peace with his loss. You'll notice that he no longer has any expectation to "moon" and has since shifted his focus on obtaining a billion tokens ... which is an achievable goal within the parameters of losing all his money.

Page 11 of 12<<<9101112>





Join the debate Watching the Train Wreck in Slow Motion:

Remember me

Related content
ThreadsRepliesLast post
Perpetual Motion1526-09-2021 19:02
The Origin Of NCOV COVID Is Come From Some Deities To Slow Down The Collapse Of This Civilization019-07-2021 15:14
could we slow co2 release in enviornment by engineering a virus to kill wood eating bacteria?2605-03-2021 23:24
the coming little ice age will wreck havoc on global economy613-05-2020 21:36
Perpetual Motion is possible, i have included the details1626-04-2019 04:33
▲ Top of page
Public Poll
Who is leading the renewable energy race?

US

EU

China

Japan

India

Brazil

Other

Don't know


Thanks for supporting Climate-Debate.com.
Copyright © 2009-2020 Climate-Debate.com | About | Contact