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Topic: End of memecoin season by Vitalik Buterin or not? - page 2. (Read 785 times)

legendary
Activity: 2254
Merit: 1377
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Shib's listed on the big exchanges one by one makes me wonder if this is a capital conspiracy. Anyway, i think Vitalik actually did a good thing.
Nope. This is just business, at all. Those big exchanges noticed the volume of shib and as an exchange that's where their business get alive. If many will trade particular coin then that's  good for business and they can even list it for free as they can benefits on the fees traders made. This is not something new, we knew for a fact that every exchanges wants a new hype or coin that has a lot of traders and shib falls on that category.
full member
Activity: 243
Merit: 100
I was also surprised to see binance listing new coins of Shiba to their list of exchanges. After creating hype suddenly there was a dump and some bad news related to this project. especially what Vitalik did by sending the tokens he got to the covid donation. it's really extraordinary.
we can only see how this shitcoin will survive in the future, or it will be removed from the binance exchange.
I was suprised too Binance list this shib, but the first time about shib that surprised me was Okey and Huobi were adding shib at the same day, Binance was added a few days later. Shib's listed on the big exchanges one by one makes me wonder if this is a capital conspiracy. Anyway, i think Vitalik actually did a good thing.
hero member
Activity: 1946
Merit: 502

they are going to hate Vitalik for doing this. but then they just simply presumed Vitalik will participate in what they are doing, they didn't even talk to them before sending tokens to him. and since memecoin are just destroying the market, vitalik's action could just be a sign of frustration to him and destroys these dog tokens.  i didn't know there is also akita inu tokens, this is really getting worse.

Yeah they never expect vitalik will dump the shitcoin and use the money for something rather very important than holding shitcoins just to prove a point, of all the people who may have hold why chose vitalik? I guess he finds it insulting too, maybe because those memes where erc20 so they assume gifting vitalik won't be such a bad idea, he probably indirectly telling am not a fan of meme.
sr. member
Activity: 938
Merit: 250
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I was also surprised to see binance listing new coins of Shiba to their list of exchanges. After creating hype suddenly there was a dump and some bad news related to this project. especially what Vitalik did by sending the tokens he got to the covid donation. it's really extraordinary.
we can only see how this shitcoin will survive in the future, or it will be removed from the binance exchange.
legendary
Activity: 3010
Merit: 1028
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vitalik buterin was a very logical move to me. He sold the MEME coins he received and converted them into money. This is something anyone will do when realizing that MEME coins have no future. I would do the same if I could get it. and because he had a huge amount of MEME coins, he turned it into huge money. however, some MEME coin supporters were uncomfortable with this situation. It's hard to understand why they also support MEME coins.
I think it's just a warning from vitalik to not mess with him by sending some tokens to his address purposefully for "burning" while at the same time advertising their tokens since you know it's vitalik buterin's address we're talking about where there's a lot watchers of that address and he didn't really sell of all the coins and left 90% to a burning address, basically he gains nothing from doing that act and going against the meme coin communities.
legendary
Activity: 3276
Merit: 1029
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What i Really see here is meme coin project teams trying to trick people into investing in their project by involving Vitalik in some way and banking on the credibility it will give them.
Got it dude. In my opinion, if shiba was using it as an advertisement for its project. I remember when the shiba community was sounding it about so many shiba coins already distributed to the vitalik's address.
That can also attract so much new demand for shiba coin. This time more and more garbage projects were trying to use the same way as shiba.
member
Activity: 378
Merit: 10
vitalik buterin was a very logical move to me. He sold the MEME coins he received and converted them into money. This is something anyone will do when realizing that MEME coins have no future. I would do the same if I could get it. and because he had a huge amount of MEME coins, he turned it into huge money. however, some MEME coin supporters were uncomfortable with this situation. It's hard to understand why they also support MEME coins.
sr. member
Activity: 2226
Merit: 347
Nobody (aside from shiba holders) could be mad at him for doing that.
Then you don't know why many people come into crypto. Most of them don't care about bitcoin/cryptocurrency vision.
They only care about money, if all shiba holders know, i'm sure most of them were angry with him.
But they can't really say much because what he does is very noble
Dont really believe on that word on being noble or some sort because when we do deal with this market then majority or i can say that all would be only mindful on how  to make money or profits.
Total support or passion towards into its total usage is just a story or just flowering it up just to make it appealing to the public but honestly im not believing on any those kind of shows.
We do have our own decisions towards our holding and if Vitalik decided up to sell those things then its up to his choice no matter what are the motives or target that he do have in mind.
One things for sure that memecoin would always stays as a joke.  Wink
member
Activity: 431
Merit: 18
I liked the way Vitalik handled the situation.
What i Really see here is meme coin project teams trying to trick people into investing in their project by involving Vitalik in some way and banking on the credibility it will give them.
Vitalik showed that he didn't want to play a part in such projects and it was a good move to tranfer the gains to an humanitarian cause that is in desperate need of funding.
full member
Activity: 1078
Merit: 111
Nobody (aside from shiba holders) could be mad at him for doing that.
Then you don't know why many people come into crypto. Most of them don't care about bitcoin/cryptocurrency vision.
They only care about money, if all shiba holders know, i'm sure most of them were angry with him.
But they can't really say much because what he does is very noble
hero member
Activity: 2520
Merit: 568
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Vitalik rug pulled.
donating shiba inu is a good step because it includes a relatively cheap price,
maybe one day it will be expensive and may double the amount of shiba inu donated
It is a good step when someone sends billions of aide to the affected country. We know what India is going through and that aide that he did was a very big help to them. He might rug pulled and got some profit out of it but that seems to be disliked by those communities of meme coins.
hero member
Activity: 1890
Merit: 824
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they are going to hate Vitalik for doing this. but then they just simply presumed Vitalik will participate in what they are doing, they didn't even talk to them before sending tokens to him. and since memecoin are just destroying the market, vitalik's action could just be a sign of frustration to him and destroys these dog tokens.  i didn't know there is also akita inu tokens, this is really getting worse.

No I don't think they expected him to participate. They wanted to rip off those newbies who have heard of the name Vitalik Buterin, then read their white paper and check Buterin's address and somehow themselves create a connection between Buterin and the project where in fact no connection exists. Good to see Vitalik fired back.
legendary
Activity: 2338
Merit: 1124
I can't blame the guy for selling his tokens. It is a very noble gesture on his end and the fact that he is doing this so he can help people in India is already a cause to celebrate on its part. My opinion is that he donated the coins instead of having it sleep in his wallet and I think once he donated the coin the recipient of the donation must have found a way to cash it and convert it to fiat so it can be used immediately in the medical efforts in India. But since this happened, I am positive that the developers and creators of meme coins will simply decline to give their coins to Vitalik, thinking that he does not value their coin. Dude, he is the creator of Ethereum and has lots of them. He doesn't need additional trash so to speak.
How could we even blame him? I mean if you give someone free money and he has the chance to rich himself with it and have a wonderful life (not like he had a bad life before, he was already very rich) and he just decides to donate that instead of helping himself? That is a saint like move, this dude could have used all that money to buy himself a mansion, a castle even (yes there are castles sold where you can live in them, usually in UK and France) but what did he do?

Did he enriched himself? No, this dude decided to use all the free money given to him by helping other people who were in need of it. That is a huge deal, that is more than what all other rich people are doing right now, this dude has given away more money than he may actually "own" in fiat, that is a very noble thing to do. Nobody (aside from shiba holders) could be mad at him for doing that.
legendary
Activity: 3178
Merit: 1054

they are going to hate Vitalik for doing this. but then they just simply presumed Vitalik will participate in what they are doing, they didn't even talk to them before sending tokens to him. and since memecoin are just destroying the market, vitalik's action could just be a sign of frustration to him and destroys these dog tokens.  i didn't know there is also akita inu tokens, this is really getting worse.
legendary
Activity: 3094
Merit: 1069
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Memecoin is a difficult classification. I guess the coins that sounds or suggests something to do with dog or dog breeds are being said as memecoins here in the post but they are in no way meme coin. Dogecoin was called a meme coin as it started as a meme blockchain of the than blockchains, closely related to Litecoin, being associated with a dog was not the meme but dog was selected as a name and symbol for the sake of fun.
Most of these other new coins have zero similarities with Dogecoin which is a mineable coin with a large blockchain.
hero member
Activity: 2282
Merit: 505
donating shiba inu is a good step because it includes a relatively cheap price,
maybe one day it will be expensive and may double the amount of shiba inu donated
i don't think so and why? the donation will be cashing out to help people to get out from the pandemi or at least it will help people to fulfill their needs.
Vitalik is a good guy and he was taking a big step by sending all of his shiba as a donation but you should remember that vitalik was also showing to use if he didn't care about the shitcoin.
He was dumping all of his dogelon at the same time to be used as a donation fund.
full member
Activity: 910
Merit: 101
donating shiba inu is a good step because it includes a relatively cheap price,
maybe one day it will be expensive and may double the amount of shiba inu donated
full member
Activity: 1078
Merit: 111
A small sell off like this is not an enough reason as to why the market is going to crash, it's still going to continue to increase, although there will be times when the market is going to crash a bit, but one thing i know for sure is that there's still going to be a pump at last., So for sure they are going to increase later on.
Do you mean meme market right? Or you mean all cryptomarket.
Because of dogecoin the meme king. Many memecoin become something now.
this hype always has an end, and most of memecoin would be worth nothing without products that make them valuable
member
Activity: 518
Merit: 13
This meme coin season may not be very good for the investors. So I think Vitalik is doing a really good thing by deciding to sell the meme coins he has. Because these coins are just like fake Dogecoin and they are much riskier to invest into.
hero member
Activity: 1792
Merit: 536
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I can't blame the guy for selling his tokens. It is a very noble gesture on his end and the fact that he is doing this so he can help people in India is already a cause to celebrate on its part. My opinion is that he donated the coins instead of having it sleep in his wallet and I think once he donated the coin the recipient of the donation must have found a way to cash it and convert it to fiat so it can be used immediately in the medical efforts in India. But since this happened, I am positive that the developers and creators of meme coins will simply decline to give their coins to Vitalik, thinking that he does not value their coin. Dude, he is the creator of Ethereum and has lots of them. He doesn't need additional trash so to speak.
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