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Calm_down_stupid 15kFCL
1297d
Starting to think every SLP token is just a exit scam waiting to happen ?

Well they not all bad, there is one...

🍺, No dividends, no price manipulation, no bullshit.
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What drives the price of 🍺
Calm_down_stupid 15kFCL
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Purely what people are prepared to buy or sell for. No sells by its creator, me and I only give them away meaning price is no incentive for me (how many tokens can say that ??)
Calm_down_stupid 15kFCL
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Infact I would prefer it if people didn't sell them and just used them to tip a really good post, being rare (less than a thousand) there value is in "great post, have a beer"
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I got myself a 🍺. will like to understand something which is some kind of confusing to me.
Calm_down_stupid 15kFCL
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What is it you would like to know ?
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Wanna know which methodology holds more water. Between dividend driven and natural or flo
Calm_down_stupid 15kFCL
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Well, if your interest in a token is to provide a dividend then you, a) must be confident that there is a source of income that provides the dividend funds, sells of tokens is ....
Calm_down_stupid 15kFCL
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... not a income, that's pretty much the definition of a Ponzi scheme.
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Or free floating tokens or whatever one might call them. And lastly do you think slp tokens will hit 7 numbers any time soon
Calm_down_stupid 15kFCL
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If you mean free floating as in the market decides the value based on a perceived value of the project they represent um, I would like to see a real project become successful and ....
Calm_down_stupid 15kFCL
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.. then see what would happen if holders of a token linked to a successful project have any legal claim to profits made by that project. Or indeed against the issuer if they tried....
Calm_down_stupid 15kFCL
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To void the tokens. Or maybe issued a whole bunch of new tokens ? Totally undervaluing the existing tokens.
Calm_down_stupid 15kFCL
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And lastly I see SLP tokens becoming a stick people will use to beat BCH. SLP will become synonymous with stupid scams.
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We regret the chances we didn't take, the relationship we're afraid to have and the decisions we were afraid to make or which we take too long to make. That's the unpredictably of life
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Ok see your point. But sometimes that's the risk one have to take. Gamble here and there 🙉🙉🙉
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Anything can be a stupid scam if it is a stupid scam. SLP is a protocol, the stupidity is a subjective part we decide. SLP cannot understand stupid or not stupid.
Calm_down_stupid 15kFCL
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Indeed, SLP not the problem, it's the way people are using it. I just hope to raise awareness that currently IMHO the majority of use is selling a token that is essentially worthless
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but who is buying worthless things ? are people buying ? If they do, they have also some issues.
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And they keep making more worthless tokens too airdrop, I wonder what piece of crap will come in after this ZAPT token.
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Okay it's crystal clear 👍👍
Justin
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SOUR is Legit AF
Calm_down_stupid 15kFCL
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42 million tokens, top 2 address hold (20.5 +19.8m) just that should be a concern. (Although some confusion over amount burned)
Calm_down_stupid 15kFCL
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I don't want to pick out any specific tokens but the whole market is becoming awash with tokens built on very shaky ground, and as a supporter of BCH, it's a concern.
random liker
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These are held by the guy running it. There is no minting baton an there aren't a bunch of insiders with huge stakes they got for free about to dump.. it's about as good as SLP gets
Calm_down_stupid 15kFCL
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So after the first 2 and I think it's fair to include the 3rd (keepbitcoinfree.org) then next biggest holder is goatfarmer holding about 0.01% ? Not much of a distribution....
random liker
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That's a feature though.. all the rest have purchased theirs on market. I get enough value out of sour poker and the #donate4sour feature to justify using it.. but it's all relative
Calm_down_stupid 15kFCL
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I don't want to have a dig at sour though because,as they go,sour been around for a while and of them all,is one of the less sketchy but it goes to show if even sour a bit questionable
Calm_down_stupid 15kFCL
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What the fuck are the rest of them like ? LPST, SMNATURALVILLAGE, WIKIDON,TBS,RFND,RNEW, the list is endless
random liker
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I like SLP because it is a sandpit for ideas... a few good ones will come out of it, and the market will decide in the end
Calm_down_stupid 15kFCL
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Earlier today we had a guy decide to creat a shitload of tokens, list 1000 of them for sale at 400,000,000 satoshi valuing the whole lot at $100M and not seeing a issue.
random liker
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That's a mistake you are making though.. a single high sale never meant the whole lot was worth that much.
Calm_down_stupid 15kFCL
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If SLP is a sandpit for ideas then the sell (by the guy with the idea) is a investment by the purchaser who believes the idea is viable and getting in on the ground is investment.....
Calm_down_stupid 15kFCL
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... or his token will increase in value.

Look it's up to everyon if they want to buy these tokens but imho most of them are completely worthless
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Marxism is on the rise, all crypto prices will go to zero as governments restrict our liberty and freedom more and more.
Calm_down_stupid 15kFCL
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If we don't want government interference then we need to govern ourselves and do what we can to call out these shit tokens, if we just ignore them or worse actually support them by...
Calm_down_stupid 15kFCL
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... allowing there creation and trade, it could be said we are inviting criticism and regulations. Not just for SLP but for BCH.
Calm_down_stupid 15kFCL
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I choose bch over BTC because I believed in electronic cash over digital gold. Digital gold who's only use was to trade on exchange in the hope to make some $, SLP is digital shit.
Calm_down_stupid 15kFCL
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SLP is becoming a total shitshow, destroying the reputation of quite a valuable feature of BCH.
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Cheers