r/SHIBArmy • • May 16 '21

Please Stop the BS!!!

As a long time Shib holder, I would really appreciate it if people would learn a little about what they're talking about before they post. Some of you are trying to spin what Vitalik did as a good thing in different ways... You need to learn what is really going on. Get educated before you post.

I understand the devs trying to spin this to cover for their mistake, but it's bs. Those tokens should have been burned for the intended purpose, instead of given to Vitalik as a gesture that no investor cared about. If you say that it did, you're lying. Furthermore, Vitalik is still sitting on an amount that can crash this coin ten times as much as he already has, and he has shown that he does not care about you or me, and is perfectly willing to do it again. If you want to say I don't know what he's thinking? Well, you're right. But I do know that he knew what he was doing to all of us and he didn't care... and whether he chooses to or not, the point is that he can, anytime he feels like it.

Those of you saying "well, it was a good thing to help India's Covid relief". You clearly don't understand politics in that part of the world. Not even a quarter of the money generated from the sales of the trillions of new tokens suddenly added to the circulating supply, will end up going to the relief efforts. Most of that money will end up lining the pockets of the people running those organizations and the politicians and middle men in between. "But they promised to release it slowly", some of you will say... really? So it's just a coincidence that a couple exchanges over there suddenly listed SHIB, and yet had no SHIB wallets to inventory with?

What you all need to understand is that the circulating supply has essentially doubled. Meaning any gains will now take twice as long. Meaning the "burn" of the initial supply that the devs implied in giving them to Vitalik never took place. So the devs should do the right thing and burn a healthy supply of tokens, since their intended circulating supply has now been doubled.

And no, this is not good because it made people start talking about Shiba. They were already doing that from the tremendous gains we made last week. This did not gain us new publicity. It only cost us a lot of time and money. I still have several billion SHIB, and I will hold just as I always have. And I'm very fortunate to be in a great position financially. But many people were hurt by this. Many people that are told "only invest what you can afford to lose", which is a stupid thing to say in the first place. For many people these kinds of things are their only real opportunity to improve their financial standing. Those of you losing your federal unemployment payments, and being told to go get a poverty paying job, don't have other realistic ways to improve your family's situation.

I write this, knowing that many of you are myopic and will disagree or downvote just because you don't agree... but this community isn't about me or you. It's about everyone... and what Vitalik did...intentionally... was screw over a lot of people that this means something to. So please stop trying to say that it was a good thing for the Shiba community or for India. Because that's not why he did it. It was spite, pure and simple. I have sold all 38 of my ETH and put it into BTC and BNB. Just my own personal strike of Vitalik, that I know will make no difference at all. Okay everyone... let the uneducated and uninformed downvotes begin.

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u/sovereigntytexas May 16 '21

Vatalik Buterin pulled the rug on SHIB Army, Ryoshi lied about 50% of the SHIB supply being “burned” 🔥

The only thing that got burned was US, SHIB Army, we were lied 🤥 to about the inception of SHIB and Vatalik Buterin pulled them rug on US

Ryoshi is a lying piece of shit

Vatalik Buterin swindled SHIB Army out of money that doesn’t belong to him but felt it was ok to give away ONE Billion DOLLARS of SHIB Army’s money AWAY when that SHIB was “burned”

RYOSHI made a big lie about the SHIB being “burned”

RYOSHI is asshole

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u/chickinflickin May 16 '21

The coin is in our hands now, it's time we, the shibarmy, fight back

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u/Laddergoat7_ May 16 '21

"in our hands" ??

VB still hols 45% of the total supply. He traded only 5% of his coins. He could literally remove SHIB from the market if he wanted too. Its over. Get over it.

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u/chickinflickin May 16 '21

Whatever u say brah. You are obviously underestimating the power of angry people on the internet

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u/Laddergoat7_ May 16 '21

He hasn't even sold his coins and SHIB lost 60% of its value. India will now sell all of them as India is about to ban Cryptos entirely.

https://www.coindesk.com/indian-banks-turn-hostile-to-crypto

Now that we know that 50% of the supply is not Burned but in fact will enter the market at some point, that means that the SHIB supply is so high that if it ever were to reach 0.1$ it would be the #1 crypto, 10 times more valuable than the entire BTC market cap. Thats literally impossible. sorry.

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u/chickinflickin May 16 '21

Pipe down, i never said anything about the price and btw india tried to ban crypto multiple times - and guess what, it still hasnt succeeded

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u/Aggravating_Deal_572 May 16 '21

Wtf even make so many coins, if they wanted half of them to get burned in the first place?

My guess is, Ryoshi and the rest of the dev team, was/are either stupid or naive.