Bitcoin Fixes Rug Pulls
$TRUMP Rug Pull Incoming
It’s only a few hours until President Trump takes office.
Alas, I just read on X that he has withdrawn $500m from his memecoin. Just as I was trumping up interest in potential loan sharks.
Whhhhy am I always laaaaate 😭.
I said withdrawn. Sorry. I meant rugged.
While it is true that a celebrity should at some point in a memecoin’s life cycle, withdraw while ahead, the fact that they do it will never be called the innocent term “withdraw funds”.
Rug funds.
That’s the truth (there is a pun here). No matter the social media platform.
Yes, a celebrity memecoin and a gofund me are both fundraising drives.
But here’s the difference,
GoFund me because I want to do this thing that makes sense.
Alternatively,
Buy this memecoin because I am cool, and you too want to be associated with my coolness.
In a few words.
In the first part, you withdraw, we cool.
I’m the second part, you rug, you’re a liar and a cheat.
It also helps when there is no SEC Chairman around.
The Weather Forecast
Bitcoin Strategic Reserve — No.
4 Years of crypto pumps and dumps — Yes.
That’s what I expect.
I want to be fair, no mean Bitcoiner spirit x Frustrated_Holder_of_No_bag_at_all, but I cannot see how to do so.
So let’s go to the logical conclusion then I’ll let you go cry over your $TRUMP and $MELANIA losses. Inside your empty bag.
Rug Pulls will happen, until people learn that they happen in Crypto.
Then they’ll realize no rug pulls are ever labelled Bitcoin or $BTC.
Strange.
What’s with that?
Why, DYOR.
Don’t come to me, to call me a grifter later on.
Jeez. Bad spending does make pointing fingers so easy.
Crypto Degen Climate
Rug Pulls are weather.
But over time, they’ll form a climate.
They’ve formed a climate.
And this climate change will have consequences for the financial world.
It is adrenaline fuelled, with people called degens who act very fast, throwing everything in.
“Warren Buffet waited 50 years to make his billions”.
F*ck that.
Me-ooow.
Money noooow.
It’s the wild west.
X100.
As a baby has to fall multiple times before they walk, the crypto degens and their wannabees need multiple rug pulls before they quit and just go do Bitcoin full time.
[Those] Wounding blows cleanse away evil, and beatings purge the innermost parts — Proverbs 23:35, Holy Bible.
“But this Bitcoin thing never does shit”.
I know. I too are planing to go live off a farm of something.
Bitcoin really is a drag.
And over time, I see more of us. In the village.
We left it to go to the city, but the city is a wild animal.
So we go back.
Tend to our cows, goats, and our small time stacking goals (almost non-existent).
(And you’ll be surprised how fiat degen radical leftists will find a way to claim we are white, privileged and polluting the climate).
Peace and quiet and “there’s a job if you’re a writer on crypto degens”.
“Where?”
“Back in the city”.
Stacking in peace is a myth.
Let the FOMO wash over you.
Feel the pain of never jumping in early.
A fundamental degen trait.
Never lose your faith and your morality in the process.
Bitcoin will one day do an anti rug pull.
Anti Rug Pull
Ideally, in a hyperbitcoinized world, Bitcoin is everywhere and fiat is dead.
Realistically, life is complicated.
Fiat will remain as alive as the notion of cryptocurrency. A fringe operation with a fraction of Bitcoin’s market cap, but still, very much in our world.
With cryptocurrency will remain memecoins, pumps, dumps, and rug pulls.
If it gets too much, it shall be appealed.
How, you ask.
Simple.
Bitcoin taxes will pay for it all.
(Bitcoin taxes are worth more than fiat taxes, In case you didn’t know.
They hardly lose value through inflation and corruption scandals. Also, they grow in value in step with Bitcoin.
Because of better, cleaner GaaS – Government as a Service).
“What??”
“Why the hell would we Bitcoiners do that??????”
Yes.
Don’t you pay for the homeless, those who made bad financial decisions, those who were unlucky?
What if all your coins were lost to oblivion, wouldn’t you want some sympathy?
We gotta take care of each other.
As we find a lasting solution to the dopamine rush that is celebrity memecoins.
Damn do they play us like a fiddle.
I want to be a celebrity.
