Damus
Implausible Deniability · 1w
Call me crazy but something feels off https://blossom.yakihonne.com/99ae860d420f20838a9d7ad19aa7e5e68b7969690cf795d774aa9b65e862df84.jpeg
Brisket profile picture
It's currently like your typical ICO scam.

Create X tokens & issue 80-90% to insiders with restrictions on their sale.

I think SPCX IPO issuance was only 4% of the total equity.

96% of stock is still held by early investors that aren't able to sell yet.

Maybe this is Wall St adopting the best parts of crypto? 🤣🤮
2♡1💯1
Implausible Deniability · 1w
They changed the rules insiders can freely sell early, its insanity, they also changed the rules in the SandP500 and Nasdaq, you no longer have to prove to be profitable you just need a high valuation. The outcome is Retirement funds, 401ks and everyones savings is immediately being used as liquidit...
Based Truth · 1w
Wall St adopting ICO scams, thanks to Goldman Sachs and JP Morgan. Same playbook, new victims.