wrapperdev=notsofast?
I can't believe he was this involved and didn't realize it was a scam, being in this space for a long time. Long after the shit hits the fan he comes along and says "what the hell happened?" when all investors know less than him. Not very believable. At worst he is the "Dev", at best he shilled it and dumped. There are no good guys in crypto, just ones who haven't tried to fuck you yet.
Are you trying to "fuck" us too ?!
Is there any proof that wrapperdev is notsofast.
This doesn't sound believable at all.
I myself tweeted "That this ICO is a Zcoin clone. Almost 100% & devs promised to "become more".
Anyone who can read code saw that it's a Zcoin close.
The only thing that made wrapper different... were the graphics.
The only one you should blame is yourself.
I take risks and lose, same as anybody else.
WrapperTeam contacted me first, asking for advice. I gave them some advice and we struck up a conversation through which I decided I'd give them some help.
They seemed legitimate to me through our conversations and if that was a long con/social engineering attack designed to fool me all along, then shame on me, but damn did they put a lot of work into it.
I could publish screenshots of twitter dms between myself and WrapperTeam but I suppose I'd just get accused of using a puppet account or photoshopping the conversation.
hungry mama, thanks for your opinion, but I don't have time to run more than one account or internet identity. I have my own trading and my own projects. Supporting/shilling projects and opportunities I like and have bought into is something I do because a) I am enthusiastic about crypto and b) I like to share that enthusiasm with others who like crypto.
It's unfortunate if anyone-- including me-- lost BTC we bought Wrapper with, but I can't apologize for that because I don't own anyone else's decisions, only my own.
Fair enough. Has anything changed for you in the way you make decisions or do you think you were careful enough and that you were simply unlucky?
Well, the altcoin launch game did undergo a change from 2015 to 2016. The shitty scam projects started to have to work harder to appear legitimate. The bar for that is higher. Like, it's really easy to debunk a devdump altcoin launch that has a block reward of like 6 coins and a "low" 10% premine but a coin cap of 500 billion... the scam devs are now starting to run what looks like a proper project on its surface.
In terms of Wrapper specifically, even though I'm not a mathematician/coder, I could see the value in creating open source code that would make zcoin/zcash blockchains work more efficiently, which is what they explained to me they were trying to do. That, plus the courteous and frequent conversations with Wrapperdev gave me some confidence that their project was worth seeing through. Alarm bells didn't go off for me until the broken code in the launch wallets went unfixed for so long.
Where I'm going with this: I have a big set of criteria, some weighted heavier than others, which I use to determine what to support or speculate on. The criteria are weighted differently and some deal with reducing risk, while others deal with maximizing profit. I learned really early on from other traders/altcoiners that it's worth it to talk to devs privately. You can gather information, feel out their legitimacy, and sometimes gain an opportunity to help. So to answer your question, no, I probably won't abandon my decision criteria, though I will take to heart the lesson that some devs may in fact be communicative only for the purposes of the long con, and likely be a little more suspicious.
As far as lucky/unlucky... launch altcoin speculation is a numbers game, where a big win can wipe a lot of small losses. So exposure to "bad luck" or riskier/scammier projects is minimized, while I load more into better bets and let winners run. I could have lost 10x what I did on Wrapper and still been up for the year due to being in DBIC really heavy earlier in the year. So in terms of risk management, I think I was careful enough. If Wrapper was a premeditated scam rather than a fail-and-abandon situation, then I feel dumb, but I didn't take a heavy loss, so my risk management is working.
One thing that has changed for me is having a lot of people watching what I'm doing. It's a new element that I'm still adjusting to... the idea that I could be held responsible for decisions other people make because they're following me. Most people should know it doesn't work like that but emotions are not completely absent from trading and I'm just some semi-anon asshole out there so if something goes wrong for someone who followed me, hey, why not blame notsofast. All I can do is be truthful and direct, and if I'm accused of lying or scamming, then fuck, so be it, I'm not really going to change. I'm conscious of wording things in a way that doesn't look like investment advice, like, I'll say "I bought this coin" or "this looks decent" instead of "you should buy this coin" or "buy [coin] now or cry later". Real talk: I could say whatever, and if you follow me and lose, that's 100% your fault. But I try to aspire to a standard above that, and be a good example, and if I fuck up, I fuck up publicly and cop to it. Whether or not you believe me is up to you.