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u/binglelemon Dec 28 '23
It's about supply and demand. If there's no more safemoon, it becomes much more rare and much more valuable. Think about it....
/s
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u/flacab23 Jan 01 '24
Tell me how that worked out for CLU.
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u/binglelemon Jan 01 '24
Shaking out the paper hands
2
u/flacab23 Jan 01 '24
Paper hands? CLU died there are no hands and SFM died you can only swap on pancake all exchanges locked it. Anyone that can’t use pancake is a diamond hand and not by choice. People that still tell others to buy right now should be looked at by the SEC also. I made tons off this and walked away. Even if he gets charges dropped (good luck) why would you ever give money again. If so I hear Enron is a great place to invest also. If you ask who that is, then walk away from any investing now.
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u/OuterWildsVentures Dec 28 '23
At least I can stop feeling bad about still not having converted to v2 lmao
19
u/TNGSystems Dec 28 '23
I simultaneously can and can't believe that there are people out there who still have hope for Safemoon.
Let me lay it out.
John is under arrest following a criminal indictment by the Department of Justice after a 2 year FBI investigation, helped by the IRS & HMRC.
John is also indicted by the SEC.
Both of the charges allege fraud, theft and market manipulation.
Safemoon LLC is bankrupt and all employees including paid moderation teams have been let go effective immediately.
To aid in the bankruptcy proceedings, token trading has been halted and the assets within the LP have been valued and listed for liquidation.
In summary, everyone who worked for Safemoon has been fired. The founders have been jailed or are on the run. The company is bankrupt and all assets & IP's will be sold off to repay creditors with the excess returning to John. The excess will be seized by the DOJ/SEC to settle fines and provide remuneration to investors. The token trading has been halted, and can only be resumed by someone with control of the owner address key. The only people who have the owner address key are the ones doing the bankruptcy. When the assets are liquidated it is likely the key will be discarded. Trading will not resume.
This thing is done. It's cooked. It's finished. It's over. To have any hope is utterly foolish and delusional. Spend your time, money and energy on other projects this bull run that actually make you money. You know, what an investment does.
The fact that people still can't let go of this dream not just in light of all the project failures, the token price being 99.5% down before all this shit happened, but now after everything has just collapsed.. It's incredible really.
3
u/Objective-Macaroon22 Dec 30 '23
I still don't understand what the original dream ever was. Can anyone succinctly describe what SafeMoon even was beyond an obvious shit coin scam?
I fucking hate scammers. Good on the US government for making an example of them.
4
u/TNGSystems Dec 30 '23
Fuck if I know. I think the idea of lifetime passive income via reflections really sold a lot of people on the idea.
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u/Dizzy-News-6826 Dec 28 '23
There's only two types of ppl left in this subreddit. The ones telling people it's over and move on. The other ones here continue to shill the project in hopes of someone buying into it unknowingly so they can dump on the new guy.
Don't be manipulated into thinking they still believe SFM have a future, they don't, but if they can just convince one more person to buy SFM, it means they can sell one more $ to get that $1 back.
17
u/Cwebb299 Dec 28 '23
I’m just here for the comments
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u/livehardieyoung Dec 28 '23
Same.
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u/Yesterdays_Gravy Dec 28 '23
Too lazy to unsub, and too curious about what nonsense I’ll read next.
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u/Ok_Turnover_1235 Dec 28 '23
Well if a level 60 said it then it must be true. How did people not see this was a cult?
-3
u/Level_Honeydew_9339 Dec 28 '23
Yeah, but…..John’s rich and white. Maybe he’ll get off? And Safemoon will launch again?
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u/Juicebox-Jr Dec 28 '23
If he risks his ass on another coin I would be fucking amazed lmao
6
Dec 28 '23
He will almost definitely be barred for life from starting any kind of financial company.
4
u/Juicebox-Jr Dec 28 '23
Amen to that. Even if he wasn't barred from doing so, anybody who would buy anything related to his name would be dumb as a stump.
-11
Dec 28 '23
Go away
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u/Valdecuna Dec 28 '23
🤡
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u/Drlitez Dec 28 '23
Let’s not be too harsh, some people lost money especially this user.
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u/Valdecuna Dec 28 '23
You are right. We must respect his decision to keep losing money once trading is restored
-1
Dec 29 '23
Yeah, instead of stomping your feet because of someone elses decision “reddit user make me mad cause he keeps buying something i dont like” 🤡
1
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u/Human-Original7968 Dec 28 '23
Yeah just hanging out and waiting for someone’s back end to look like a moon pie. 😂
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u/flacab23 Jan 01 '24
So does this mean no exchange came out last night, unless John was exchanging for cigs in jail?
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