RE: BRO, LGN & CINE - The Fraud of Raymond Baxter

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RE: BRO, LGN & CINE - The Fraud of Raymond Baxter

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gerber in The Pub • 2 months ago

Am not sure any of these projects had anything to do with blockchain...

People forget about blockchain, and basic blockchain values, especially on this network over last years you can observe complete turn around from blockchain. But this happens all around, idea of decentralization is lost, fiat money is integrated into crypto sphere, even Hive government is focused on replicating classical not working debt system, so they can make money on their job and it becomes most important element of network( seems like every fork here is about increasing this capability)...

Years ago blockchain was cool idea, but with increased value, humans are satisfied with increased comfort, and basically don't care. few k years ago this effect was called Hubris. Here on hive with social aspect this might be more visible.

Some of you think I went crazy for talking like this 2-3 years ago :D
I didn't took my users money, just did nothing last 2 years, while telling my users the truth, that they expect 100% centralization, they don't want to understand blockchain, additionally few "smarter" people lobby(trying to manipulate environment) to take advantage on these who don't want to understand.

2 months ago in The Pub by gerber

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bulliontools 2 months ago

You're right. All of these projects were L2, H-E projects. Still, it's a good cautionary tale.

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geneeverett 2 months ago (edited)

Tribe tokens are ultra centralized and there is nothing that needs blockchain. Leo & PIMP & other tribes aren’t Crypto , there projects that don’t even run on hive chain mostly but on layer 2 mainly. A video game program can do all the same stuff. One person can type one line and increase supply by 10,000”% with one click of a button. Treating these things like they have future value and promoting this as investment is scammy AF. I love a bunch of tribe tokens and hold em, Lady & pimp & pizza are fun and involve gamification fun and community! But the way LEO is promoting these tribes like they are there own crypto currency or whatever, it comes off scammy but at this point I’m finna say getting to a very shady point where I could see some legal trouble in future for anyone running these 2021 style get rich quick offerings! At least many offerings were really a blockchain and crypto. Leo here on Hive isn’t a crypto , it’s a single person controlled gamification token that happens to use a blockchain called Hive to do so. I think Leo will end up being one of the worst things to ever happen to Hive reputation wise! These new offerings with a no value backed artificial peg are going to likely end very badly! TGLD , it’s insane people trust this stuff. It’s sad seeing it so widely promoted all over Hive. Obviously there’s accounts paid to promote it. But they don’t disclose that. And some really do promote just because they want too, but I’d bet 50 accounts are paid in these tokens to post weekly at least. Maybe the regulators will be here soon, that’s no risk to Hive, but the second layer tribes could be looking at audits and legal notices in future.

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