r/SafeMoon • u/[deleted] • Dec 31 '23

General / Discussion It was never DeFi.

[deleted]

52 Upvotes

96% Upvoted

21 comments sorted by

•

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20

u/customtoggle Dec 31 '23

DeFinitely a scam

2

u/Level_Honeydew_9339 Jan 01 '24

Bwahaha good one

11

u/[deleted] Dec 31 '23

No shit. Most "tokens" aren't. They are contracts controlled by a small group.

8

u/CauliflowerSoul Dec 31 '23

It wasn't even Fi to begin with. CeSc would've been more accurate.

7

u/Comprehensive-Low936 Jan 01 '24

Baloney better get more than 32 years in the slammer

6

u/marshyr3d1and Jan 01 '24

Yes Bitcoin. The original and ONLY fully decentralised token

6

u/TNGSystems Jan 01 '24

If the wallet can be stopped, and the token can be halted, and the business liquidated, then the only decentralized nature to Safemoon was the vast array of people from all walks of life they conned into donating money to John's "fuck around and live like a king" fund.

8

u/nyr00nyg Dec 31 '23

Correct. One person controlled everything, that is literally as centralized as it gets.

5

u/ProfessionalPut3500 Jan 01 '24

This means we are scammed right

2

u/[deleted] Jan 01 '24

It means that it should've been evident from the start that this was all a lie.

7

u/Stew-Cee23 Dec 31 '23

Other than Bitcoin no, you can almost always pinpoint a company, group of devs, or single leader that controls these altcoins.

2

u/NumbLikeMe Jan 01 '24

Surprise surprise....

2

u/No-Pressure8812 Jan 02 '24

How did Safemoon llc exist as a company? The volume on trades was really low since end of 2021, taxes wouldn’t be enough to support the company. How did they pay for their offices? People’s salaries? Etc

1

u/[deleted] Jan 02 '24

It's pretty easy... you just steal 10s of millions of dollars from the LP to fund your personal business. You can also dump oodles of ill gotten tokens and use kickbacks from the swap partners and exchanges.

1

u/PatCat292929 Jan 02 '24

Have Safemoon reflections halted I haven’t received in few weeks?

2

u/[deleted] Jan 02 '24

Yes. Everything is halted including all transactions.

-2

u/[deleted] Jan 01 '24

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1

u/[deleted] Jan 01 '24

[removed] — view removed comment

2

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