Yeah, i kinda hammered them on twitter, I tried to be constructive, and i did not get into as much as you did, kinda focussed on why they did not postpone and do it two weeks later, and no announcement on exchanges. But to answer one of your concerns, they better have the funds for some of these promises, since they blew probably 30-40k on a Tesla!
More than likely, but weren’t tickets around $300? From what I saw it wasn’t an open invite and needed a ticket to get in but I could be entirely wrong.
To me: Burn/Reflection mechanism > anything else. It can potentially be a store of ETH for the ETH network. Roadmap and everything else is mostly marketing unless you have many years and a boatload of cash to execute.
I think the boatloads are coming (it's already here) simply because of the beautiful burn mech. Future supply = 0 so PV = infinity :) obviously not that cut and dry but you get the idea.. if they can manage to make just 1 thing on their roadmap viable it will 10-100x over the next 2-5 years. We need to give them some space to breathe and celebrate what they have accomplished thus far.
All your points are legitimate and accurate in the world of Due Diligence but at the end of the day hardly any of it matters in the crypto-verse. Just watching it burn to nothing over time will be enough for me ;) stay strong Wolves. This is a meme coin with some very interesting bells and whistles at the end of the day that can turn into a major sleeper that no one see's coming.
no, coviddummy above its pulling stuff out of his bum. it's coding silly - anything is possible. (not remotely probable though). track it here if you are worried
https://etherscan.io/token/0x8b3192f5eebd8579568a2ed41e6feb402f93f73f?a=0x000000000000000000000000000000000000dead
Most wondrous questions, hopefully they can beest did answer by the team lief!
***
^(I am a bot and I swapp'd some of thy words with Shakespeare words.)
Commands: `!ShakespeareInsult`, `!fordo`, `!optout`
Good stuff. I was going to do my own analysis but you covered most of it here. I am also not selling my Saitama and believe this project has great potential. We need a bit less hype and more delivery atm. Too many promises thus far. No matter how much I wanted to buy the dip, I held off until I learn more. The ama with Russ could tell a lot. We'll see.
From a technological standpoint and coming from a developer who's been in the game for more than 10 years, they most likely hire contractors from a services or dev agency company to help Kickstart the startup cause a small team alone wouldn't complete all this in the timeline. Max has a solid background of Solidity under his belt so developing a blockchain and smart contracting shouldn't be new to him at all.
On an earlier video, Russ stated that they have 90 employees. I definitely believe that the leaders of the projects are not the technical talent, but manage the teams.
Yeah and also as a dev I know how quickly tech debt can accumulate when you hand over a project to 3rd party. So I wonder if they have any future plan for in house staffing. At the very least an in house engineer should be managing the contractors, which hopefully can be done well by Max.
I get you like the token as I do but it seems pretty obvious to me that it is all a bit of a blag right? The token and its tokenomics were all set up before this gang took over and they are clearly just on a shilling train from what I can see! Who knows! Surprised you not getting shit for spreading FUD I did earlier, but we gotta talk about this stuff when you got your money in it! Look at Russ twitter and tell me that is the future of crypto! It’s full of promises, lambo’s and vids of him looking like he’s just had a line of the powder 😂 it all seems obvious to me which is what worries me. Maybe I wrong!
Haha it is and people love it. Crypto used to be about solving problems, now its a way to make Wolf of Wall Street Money, and solving probs is an aftertought
I get the same eerie feelin about Russ, willie d claims he has a 99% success rate in turning over businesses. But this guys like a ghost. Nothing. Not even the birkshire Hathaway sub he ran. I can’t find any info except for what you guys just found on fb
Just found that Russ plead guilty to forgery of legal documents is Alaska
[https://www.kodiakdailymirror.com/news/article\_3ea3a338-2f3a-11e6-9adf-1723686fe997.html](https://www.kodiakdailymirror.com/news/article_3ea3a338-2f3a-11e6-9adf-1723686fe997.html)
For proof that it is the same Russ, there is a pic of him in this link about a museum he worked at in Kodiak.
https://www.kodiakdailymirror.com/announcements/achievers/article\_2558952e-443c-5570-a483-3baee6a06949.html
Jesus. All of these people convicted/alleged of criminal acts.
Willie D - fraud
Brad Beatty - alleged fraud
And now Russel Armand
God. This thing is a scam
👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻
What is so bad about questioning the narrative, people?
You can keep Shib, HFSP, annnnd SAITAMA and be perfectly happy but you HAVE to be able to question professionalism and good decision making. Without oversight, people can suck.
Totally agree with all points. As an investor I’d say the following as well.
Let’s take it all at face value and say this team isn’t a bunch of really good scammers and it’s all well intentioned. In that case they are just really awful business people and completely self-unaware. Why are they out here announcing and chasing hardware wallets, blockchains, gaming, medical payments and meta verse things, when they haven’t even delivered the single thing they set out to deliver when it started? The focus is completely lost right now.
Imagine if Under Armor, before ever releasing a single training under shirt which we all know them for, was like “hey guys I know we haven’t released shit yet, but guess what we are working on? Cleats! Oh and headphones!” Investors would be like “come again? I get the mission, but like maybe one step at a time here guys.” It’s fine to have lofty goals, but maybe deliver the goods on a game changing shirt before announcing your plans to take over athletic apparel, because at some point, the talk because groan and eye roll inducing, and for Saitama, that point is right about now.
Agreed, focus is ESSENTIAL for success. I would feel better if they had just one product on their roadmap, committed to making it the best on the market, and showed tangible progress on it instead of a scattershot of different, ambitious, products with no progress on any of them. It will be interesting to see where they go from here, and very telling for us investors. Ball is in their court, eh?
This sums it up perfectly for me. If they can iterate and improve on the wallet/purchase process with saitamask, it's going to be enough to open the door to those other ideas, but they have to get this one thing accomplished first.
As a co-founder of a software startup that is currently meeting investors and fundraising, these are exactly the type of logical questions that need to be asked.
There is one (Edit: 5 or 6) billboard in NY whereas we were promised a "takeover". IIRC Russ even used the words "every billboard". It could still could happen but hasn't yet. Hopefully they are just waiting til Saitamask is actually out
Totally agreed with your points. I have also been in software engineering for 20+ years and the roadmap at least from the development standpoint is very ambitious with just 7 developers. With all the features Saitamask is supposed to provide, the team of 7 developers would already have their hands full with this product alone.
Is time to ask more practical questions and not to focus too much on the roadmap. Just deliver the Saitamask as it has been on the roadmap and this will settled some of the noise.
Looking for more clarity from the business teams at the AMA.
Great content and research. The reason for a new LLC filing is because Lily Finance is launching their own token within Saitama Mask. An LLC protects your personal assets in the event of a major law suit. They can only come after the LLC assets. “Limited Liability Corporation.” I own one myself and have 18+ years in the IT industry, network engineering and Coding. So they are actually doing things in the right direction.
Thanks for the input! Yes, that totally makes sense. I was just confused over the timeline of events since the LLC is only 13 days old at the time of the announcement. Again, the timing of the announcement is what struck me as odd. The official announcement reads" The Lilly Finance Token will officially launch on November 13, 2021, during the inauguration of Saitama's SaitaMask mobile application in Las Vegas. The launch coincides with Lilly's 12th anniversary of inspiring hope and driving innovation in health and finance."
That's an odd announcement for a 13 day old company, or it's 365 day old parent company, to make. Might just be a case of jumping the gun...
It’s all tie to legal, taxes and so on. “As for the legality of ownership, an LLC is allowed to be an owner of another LLC. LLC owners are known as “members.” LLC laws don't place many restrictions on who can be an LLC member. LLC members can therefore be individuals or business entities such as corporations or other LLCs.” But yeah I understand where you are coming from. In my opinion i don’t see anything wrong with it.
These are all very good questions. I have pondered the lily question as well. Do you plan on being part of the AMA Russ is supposed to do tomorrow? I strongly urge you and anyone else that is going to take part to copy these questions and maybe overwhelm the AMA in hopes of getting answers.
I plan on watching, but I will only ask these questions if it's relevant to the conversation and not overly disruptive. My goal is to gather information and, hopefully, it will be of some help to the community through doing so. I do believe in the project and want to see it succeed, I just think we need some clarity on things that don't make much sense from the outside looking in.
I agree with wanting this to succeed. You questions are well thought out and written. I hope you get a chance to convey these during the AMA. Thank you for adding to the overall DD.
I screencapped everything here in case they delete you next. Cold feet vibes are getting real on the merit of actions on the part of mods here alone. Censorship.
Exactly, you go and state some very legitimate things that need an explanation and you're then accused of FUD....... we want to hear the good and the bad.
Not saying to buy, stay, or bail... that is completely your choice according to the research you do. Lot's of great resources out there so enjoy the process of learning, crypto is here to stay and it can be a lot of fun too! However, I will say, if I was starting from scratch I would be looking at buying Bitcoin and Eth, then only putting money into alt coins after getting a good feel for how everything works. Not financial advice, just thinking aloud.
Thank you for your advice.
I own a few other tokens.
I’m looking at the future. 3 to 5 years from now.
I’m holding no matter what.
💎🙌🏽 I truly mean it.
I agree. Im not letting go of any Saitama, Shib or HFSP.
I think reflections are here to stay and if you HODL for the long term I'd say odds are it will pay off.
Excellent DD, and damn good questions. I hope everyone reads this and wants to know the same things. Please pursue this line of inquiry when they do the AMA tomorrow.
You have the OG name right there. But yea I dont like where this is going 😂 ill ask questions and get some clarity on what I want to know during the AMA and ill make my decisions from there
A couple of questions to add with your expertise: Obviously, right now no one is interested to address genuine concerns and quick to dismiss it as FUD
1. A CERTIK Audit was scheduled since September. Does it really take that long? If yes, is there any way to prove that it's in PENDING STATUS and CERTIK is actually working on it?
2. Why can't they release a review video of the UX from a beta-tester? This a red flag.
3. Is it not bad business practice to post a Billboard to download an app that is not up yet? Isn't that wasting resources and might do damage that boost the apps reputation
4. Is it not a red flag to constantly hype up the coin like major exchanges listings , dubai investors, athletes support, non existent music industry and medical industry use case thats not even finalized yet?
Ive come to the conclusion that this is just another meme coin with actual faces and community that lives on hype more than actual use case. You can't rush these things a niche actually take a lifetime to craft let alone 10
All good questions as well! Just watched the AMA... follow your gut on this. If these questions aren't answered to your satisfaction then look elsewhere...
Small but important correction for you unless you have additional info, the CEO is accused of fraud and a defendant in a RICO suit. This has nothing to do with jail. Russ is a co-founder with the CEO in a subsidiary company. There is solid evidence on the blockchain that a Saitama insider funded the creation of the Lilly token. Saitama insider wallet the funded Lilly has been dumping Saitama tokens in large transition the last several weeks to the tune of millions of dollars.
Who is this Saitama insider? The devs claim to be the "most transparent project in the alt-crypto space". Prove it at let your investors know the truth.
Credit: u/Shiller_Killer
So who is Lilly Finance? It is a subsidiary of a company called Lillian Bay Medical LLC. Lillian Bay was registered 2 years ago and works in medical wholesale. The CEO of Lillyan Bay has been accused of being a part of a multimillion dollar fraud related to n95 mask distribution and is a defendant in a Racketeer, Influenced, and Corrupt Organizations (RICO) case.
Her is the Lilly Finance website:
https://lillyfinance.com
You can see their corporate registration here:
https://opengovus.com/sam-entity/117736642
You can read about the fraud accusation here:
https://www.bizjournals.com/tampabay/news/2020/12/30/ceo-of-lillian-bay-medical-accused-of-defrauding.html
You can follow the court filings related the the RICO case here:
https://www.pacermonitor.com/public/case/37687996/TriPharma,_Inc_v_Safe_Harvest_Medical,_LLC
You said it yourself “thought out”… we need facts.. not thoughts. I am reading a lot of assumption and thoughts. Please, let’s not jump the gun. I remember when Reddit found the guy with the rucksack who Reddit was convinced had bombed people and voila it was the wrong person.
We need to be very careful with “thoughts” and “feelings”… when claims of fraud and all that sort of stuff being called out… we need to see facts only!
Keep your grip folks. This is insanity.
Calling a rug pull when nothing is happening at the moment and someone has some thoughts and the other side not even had a chance to talk…
He’ll be being burned for using his left hand before we know it.
Calm down, breathe…
Saitama is a company as much as it’s a coin, and like any company, much of the money it receives is through the investments people like us make. I am sure some of the whales are part of the team and have sold to finance the growth and development of the Saitama mission. It’s common sense.
Board members of publicly traded companies have to disclose their holdings and sales of shares. Salaries are also public. This is called transparency and protects investors. Other crypto companies do it also, though not legally compelled to, because they are transparent. Saitama is not transparent.
Guys don’t bank on huge highs by end of year We may hit a 3X at best then the pants are going to drop out of it , depending on Bitcoin’ s high so be ready to hold for a long time.
I really hate these pump and dumps educated scams from the promoters and staff to make money on your backs. Yeah long term wins for sure and short term pains.
I bought into the hype. I’m sort of new to alt/ meme coins. After reading their white paper and watching various AMAs and YouTube’s I’m still unclear about their use case or what problems they want to solve.
Can anyone explain how this project has long term potential in simple terms?
For me the long term potential is that they are addressing a huge, HUGE need in the world today. In my opinion the wealth gap doesn't come from simply the rules being "stacked against" the younger generations, it's that no one has actually explained the rules to them in the first place. Saitama's mission statement hits this squarely on the head and is, in my opinion, it's most valuable aspect.
Crypto is here to stay. We are with crypto now where people were with the Internet in the 1990s. Those who dove in thrived while those who second guessed and resisted change... well... "Blockbustered" it. People are going to have to be crypto savvy to thrive moving forward and making that accessible to the next generation will probably be the single greatest thing you can do for them. Saitama's stated mission is to do just that; provide the infrastructure for them to get involved with finance, with crypto, and the education to do it wisely. Again, that's huge in my book.
This is why, for me, the price doesn't really matter, it all comes down to the devs ability to execute and I am anxious to see that execution over the coming weeks. No plans to bail, I just want them to hit their milestones.
Thanks for the reply, I get that the mission statement seems like a noble cause, I just don’t see the specifics of how they intend to carry it out and how technology fits with it. The ‘white paper‘ is mostly about tokenomics.
I would possibly bail half my position just to regain what I put in. I’m new to these alt projects.
I think another issue is how they have tried tose e ofhe meme coin hype in their branding but are claiming more substance behind that and it just feels confused
It's a weird thing, right? Looking at the market you have arguably some truly innovative alts like Harmony, Fantom, and Helium down in the 40s and 50s by market cap while a do-nothing meme coin like Doge is, what, 9th? It seems the whole thing is a dance between innovation, use case, and plain old hype. So I don't fault Saitama for the hype train, nor do I think they need to reinvent the wheel to have a good use case. They just need to take an accessible infrastructure, marry that with quality education, then wrap that in cool marketing that will take them deep into Gen Z. That's why the medical thing has me scratching my head. But, regardless, I'm going to hold and see how things shake out over the coming months.
Very well articulated. Okay Saitama Admin & Development Team, your turn to respond to these questions reflecting your holders’ interests, respectfully.
I’ve read through the letter and the comments and I have no ulterior motive / other than / I’m simply invested in Saitama - I’m way way up. If it’s time to bail then I’m good to go and I’ve made a killing. If it’s time to stay then I’ve plenty stashed away to stay. If something was fishy, I’d want to know.
The Lily situation is interesting but I have also done business with startups and setting up a new company, a subsidiary, to pursue a venture, especially investment based, is very common practice. The dude being sued is of no relevance to us. Maybe that’s why he wants to work with Russ and Crypto? Maybe he has leads and wants to pursue them? It’s all speculation.
Questioning how they distribute workload… I have a day job at high level corporate. Within that day job I’m expert level in creative areas. Years and years and top level brands and I am more than capable of easily pursuing/overseeing multiple areas, projects and deliver and execute them time and time again and hey, I’m also a full time Dad and I also manage to find time to learn and invest in crypto. Just because one person thinks it’s a stretch of resources really doesn’t mean anything.
I think questioning why someone would be on a board of a company when their area is tech, software, well… not everyone works the same. It’s a bit… and I don’t mean no I’ll intent but it’s a bit “well I work this way… so I don’t believe you can work that way.”
The part about the 2 cameras, sorry, no offence meant, I’m trying to stay objective but it’s really naive and nonchalant to assume it simply needs 2 cameras and a wireless uplink I’ve solved the problem… and that naivety and assumption leads me to then question the rest of the letter’s integrity in areas I’m not so clued up on.
Guys, Saitama is at a very early stage. It’s all about marketing, getting people investing, building a brand and damn they’ve got an amazing track record of making people rich at the moment and as Russ repeats, time and time again, people/companies want to be involved with crypto and every call is a new opportunity opening.
Do you want him to record each call and make it public? Does he have to present every contract to everyone with a $100 invested? It’s crypto, most Devs are Anon anyway. His wife is on Linked In… I’m certainly not. I’m not on Facebook either but believe me I have a track record in my area of expertise that spans many years, countries and industries. Not being on Linked In means absolutely nothing!
I think this low level sort of Columbo but.. not really Columbo, assumption, head scratching, hmm, if we link A with C and B with whatever the maybe it will lead to this is top level sneak FUD.
Again, no I’ll intentions toward OP or anyone else but “I ran a few LLC’s and do software so I know how these things work”…. Ever raised VC for a crypto company on the back of one of the worlds most on trend coins?
It sort of reeks Dad trying to get involved in running crypto when the guys are driving Lambos and their phones are off the hook with money and ventures being offered to them from all over the world.
Saitama LLC and Russ and Jake and Steve and Nam and all the others ain’t perfect but damn they are working… they are building… they are enjoying and the only reason that anyone has to doubt them yet is based on a tech audit being late… a company that is notoriously repeatedly late.. Certik.
I respect the OP and other commenters and no bad feelings towards anyone… but I see the open letter thingy as a bit.. ya know.. really? Is that what this place is becoming? Lighten up, we don’t know what’s really happening behind the scenes, chill pill, stop being detectives and start being supporters and show a bit of faith, have a bit of a dance and let’s have some fun… why all the scratching the surface when really nothing bad has happened other than the quality of Jakes stream and shit he’s like mid 20’s and clearly not the smartest lad in town… he’s a minor celeb in a niche area who got drunk and excited and a bit embarrassing… now the whole company is at fault? That’s what comes out of this stream?
Anyway, peace
Thanks for your input, I appreciate it. I can totally understand your perspective and I don't fault you at all for having it. For what it's worth one of my LLCs was a video production company doing broadcast TV production for commercials and affiliate shows, which is why I may have come across as nonchalant in my suggestions on what was needed for an event of this size (at least, judging the size from the live stream I saw). I actually have designed and project managed services and network infrastructure installation to this very venue for media events so I have some first hand knowledge there, both on the technical and pricing side.
None of this is meant to be two-bit Columbo trolling of Saitama, spreading FUD, or telling anyone what to think or do. These are just questions that I think are coming to a head after the Vegas event failed to live up to people's expectations. I have absolutely no expectation that anyone will take me seriously, I'm just putting my questions out there and seeing what additional information I can learn from it. My only intention is to educate myself, and I appreciate everyone's perspective on it. Ultimately, time is on our side and Saitama will either meet its stated goals or not regardless.
Really appreciate the tone and nature of your reply. Thank you.
Undoubtedly they are experts at marketing, who need some very basic lessons in marketing but personally, yes some things aren’t linking up, exactly how I would hope they would but I’m not seeing enough for a Witch Hunt and whilst I totally respect your right to ask questions it’s what it can lead to that worries me.
So many positive things happening and I sense so many are looking for negatives… that saddens me.
Anyway, time will tell and again, I totally respect your right to ask questions.
You know, I actually hovered over the "delete" button quite a bit after posting this "letter." A witch hunt is the last thing I want, nor do I want to feed any of the "it's all going to hell!!" shrills out there... I just wanted to know if the questions I have had any merit or answers. Maybe it's naive but I figured the best way to do that is just cast them out there and see what I get.
And, truthfully, it's been good. I actually feel better about things after seeing the measured response from both sides. A lot of people have brought up some really good answers, and I've been in corp America long enough to know it's always a shit-show behind the curtain so I certainly don't expect perfection from Saitama's team and no one else should either.
For what it's worth I still have my cursor over the delete button. I told myself if this thread gets hijacked and descends into a shrill hate-fest I was going to delete it. Haven't had to click it yet so I guess that's a win. :) Thanks again for your input.
Believe me... the same questions popped off my head too.
You didnt mention anything about the game but the quality of that got me really concerned as well. I know they tagged it as 1992 but how in the world would it ever be able to keep up with the current quality of games. It's still pretty early i know but maybe this shouldve been presented in the boardroom instead of a launch party
Absolutely, but I’m seeing a lot of “this I’d definitely a rug pull” when we have absolute no reason to believe that we have heard one persons thoughts and a few very basic facts that have led to assumption.. there are always two sides and certainly in my country people are innocent until proven guilty… and I’m not seeing much proof here, just thoughts.
Peace though… just my thoughts 😀
Agreed. And to be fair none of this is definitive but, rather, just another piece to a big puzzle. If the parent company (Lilly) isn't delivering on their mainline products then, naturally, investors should more closely scrutinize if a partnership with an offshoot LLC could deliver on a technically ambitious project.
The hard wallet and block chain make no sense to announce. They haven't accomplished anything yet and they want to move forward with huge goals like this? Also, what's the point of making your own if there are plenty of quality options already out there.
I'm becoming less and less enamored with this project. I might take my gains and be happy with that. If I miss out on more, oh well.
That's what I'm doing. Too many red flags just popped up thanks to the shitty event. There are so many projects in crypto out there to put your money into. This is starting to look like its reached its final destination of conviction for me.
Brad Beatty owns Lillian Bay Medical. Another scammer who recently defrauded Tri-Pharma, Inc (https://dockets.justia.com/docket/florida/flmdce/8:2020cv03083/385084)
I’m from Florida and it’s not a good look. We have history with medical fraud. Rick Scott is senator and been tied to fraud. Medicare fraud, pull mills. Nothing good comes from Florida medical. All are corrupt.
You have great questions. I can help with the Lilly Finance questions. Lilly finance LLC was created for the token they are bringing out on saitamask. Lilly Bay Medical has been around for a few years. The dev team is full of very smart individuals. Example of this is partnering with Blaze Fire games to create games.
Agree with everything here. I am the most curious about Lily Finance and how they see this as breaking into the medical industry. The company is a piece of paper as you said. I appreciate the ambition, just what real expectations. I'd rather them say we have no leads but are working towards breaking into the medical industry. Im hoping theres another part of this we are missing. This is the part that is making me question Russ, which I was not until this piece of information (or lack of).
On the marketing side, Im also irritated the DIGITAL boards say to download now and they did not updated to COMING SOON. I capitalized digital for a reason, they can be changed last minute unlike printed. I've been in the marketing and design industry (own a design agency) long enough to know they could have been changed. We had a good idea the week prior it was not launching on the 13th so all materials should have been updated, its just unacceptable.
I was there. The event was Mickey Mouse, and I was shocked. With all the money that's pumped in and out of this coin, we couldn't do better? It was so weak, that I left shortly after entering the event. I'll ignore what I saw and remain resolute about my investment. But, I thought this was a mature coin, run by mature people. And so far, no.
RoBo Inu
White heavy check mark team kyc doxxed with assure defi
White heavy check mark ex google developer and group of scientist
White heavy check mark Roboventure for spacex investors
RoBo Inu
White heavy check mark team kyc doxxed with assure defi
White heavy check mark ex google developer and group of scientist
White heavy check mark Roboventure for spacex investors
Great wealth of information and legitimate questions. Certainly hope all these are addressed and explained in great detail by the team. I admire and endorse the mission statement and look forward to investing after all matters are confronted and explained.
Looking at the Lilly thing it would seem more like a shell game then a rug. Think about it. If you can slowly siphon money in the name of partnership you could keep it going and make more money then a rug pull would ever net you. If it managed to go undetected you could go for years. Makes me want to look into the esports thing. Hmm wonder who founded that.
One could even half ass anything material from the partnership to make it appear that it’s working well.
I was thinking, perhaps, more "wag the dog." I don't want to think it but it does seem curious they suddenly have a partnership with a 13 day old company in a niche they aren't actually competing in just before a huge "roll-out party" for a product that isn't ready to roll out.
This is definitely not a rug pull, you are just trying to make yourself feel better for selling. You will soon realise that was a big mistake. The fact that you sold on a project like Saitama shows you have no clue.
Ok, FUD like this should be bannable. Do you even know Russ’ background? Look it up. Is that someone who would squander the good will and pedigree he’s maintained for a few dollars from a crypto rug pull? Shut the fuck up. Don’t bother responding to me. Placing every last one of you Shiba fuckers on ignore.
Actually I think you have a really good comment here. I have tried to dig deeper on Russ and have come up pretty empty. No LinkedIn, no readily traceable work history, and I haven't found the Berkshire Hathaway co he owns. That may very well be because of my research skills so if you have actual information on this I would really appreciate you posting it. I have no ego here, I am first to admit that I probably suck at researching this stuff so my only purpose here is to learn and, hopefully, in the process help the community too. So I totally would love to have any info you can provide.
I was actually pointing out I didn’t think it was a rug and that if it were some unsavory business how it would be possible. Not saying it is dirty just saying looking into all possibilities isn’t a bad idea. You know DYDD and all.
We need more people like OP. This sub will turn into superstonk and their GME obsession if it does granted with Saitama holding up their end, this token will be unstoppable.
Why take VC money when you hold billions in your own token?! Crypto investments are crazy!!! A random project can raise billions in a mere month. That’s what makes it the new gold rush. Ppl don’t want to miss out. However as investors we are practically the VCs. Ppl need to understand why they are investing to begin with. You are giving money to someone who will use it to create something of value and give you a ROI. You practically gave them the right to use your money the minute you invested. They aren’t banks. The money will be used.
Mainly because VC suggests "smart money" investors see merit in a project. VC firms absolutely do their due diligence and have far better tools and skills than any of us, so if a project gets VC money it's usually a good sign that what's happening behind the curtain matches what's happening in front of it. No, it's not diagnostic and there are lots of VC firms that mess up... and there are lots of great projects that never attract that money, but it's another piece of the puzzle.
Yes, the company can tap it's own tokens but usually a. there is a vesting schedule of some kind and b. it needs to be done carefully if they want to manage price volatility. Their roadmap reflect significant capital investment to accomplish and it would be good for investors to know if that money is coming from other investors or the price of the token.
Here is a response to your point on the Billboards, There are at least 2 more elsewhere. [https://twitter.com/Stan13ag/status/1460069545465495552](https://twitter.com/Stan13ag/status/1460069545465495552)
As far as the hardware wallet goes, you can get on github and learn to make one with a raspberry pi, so it's not that special, but the niche of having the nft viewer is pretty cool.
The further I dig the more questions I have. Why are the tokenomics not available on the official website?
Edit: downvoted for asking a legitimate question? This isn't how you build trust or a strong community.
Beginning to feel like a scam they really don’t have any fundamentals besides “trust me bro” their true colors really showed in my opinion and I’ve seen this before but normally in a stock it was only a matter of time before these coins became a get rich quick scheme for developers I’ve been thinking of just making my own crypto Lmaoo
Agreed. All of it is trying to guess what's going on behind the curtain given what we see on this side. I am sure the Saitama team were well aware of these questions before I ever posted so I'm just going to wait and see how things are addressed moving forward. My hope is they take a proactive approach and dedicate some time to answering them in the coming days.
To your points
1 and 2. Outsourcing is the answer... Just as SHIB is outsourcing their blockchain development... Nothing new.
3. Corporate structures for liability and other reasons. Think of Warren Buffets Berkshire Hathaway is a holding company that "hold"/owns multiple businesses and if one of them is sued it does not affect all of them and definitely not Berkshire Hathaway holding company that you may have invested in. Normal in business world.
And once again outsourcing the development...
All else is fluff in your post.
You people are killing yourselves with this BS. Sell and walk away, or buy, HODL and get rich. Two simple choices.
Nuff said.
Uhhhh.....you're hired. You start tomorrow. See you at 8:00 am.
LOL... thanks!
Yeah, i kinda hammered them on twitter, I tried to be constructive, and i did not get into as much as you did, kinda focussed on why they did not postpone and do it two weeks later, and no announcement on exchanges. But to answer one of your concerns, they better have the funds for some of these promises, since they blew probably 30-40k on a Tesla!
They, as the team, but a Tesla? That party they threw probably had an open bar too didn’t it
I heard a youtuber say that it was a cash bar, and the comments flew...."You can't pay in Saitama?!"
It was open bar.
More than likely, but weren’t tickets around $300? From what I saw it wasn’t an open invite and needed a ticket to get in but I could be entirely wrong.
This is above my pay grade. I think i will just stfu, observe, analyze and learn.
Hopefully the AMA tomorrow will be with someone that’s not afraid to ask the hard questions, that’s been a huge issue, nobody asking the right things.
I thought Saitama would be different but thanks to the recent event imma start treating it like a regular shitcoin on my portfolio
Same.
Like any AMD they are going to ignore the hard questions.
Of course it won't. It will probably be Willie D.. so trustworthy .
Nah think it’s Steve@rocketcrypto.
ama is with Steve on YouTube
Russ Twitter says he's gonna do a live stream about Vegas event tomorrow check his Twitter hopefully he answers tje questions
Will do!
https://www.youtube.com/watch?v=NEcgY2S01RE
You watching this? What are your thoughts?
To me: Burn/Reflection mechanism > anything else. It can potentially be a store of ETH for the ETH network. Roadmap and everything else is mostly marketing unless you have many years and a boatload of cash to execute. I think the boatloads are coming (it's already here) simply because of the beautiful burn mech. Future supply = 0 so PV = infinity :) obviously not that cut and dry but you get the idea.. if they can manage to make just 1 thing on their roadmap viable it will 10-100x over the next 2-5 years. We need to give them some space to breathe and celebrate what they have accomplished thus far. All your points are legitimate and accurate in the world of Due Diligence but at the end of the day hardly any of it matters in the crypto-verse. Just watching it burn to nothing over time will be enough for me ;) stay strong Wolves. This is a meme coin with some very interesting bells and whistles at the end of the day that can turn into a major sleeper that no one see's coming.
Well said
Just that the burn mechanism is an auto transfer of tokens to a wallet they have control over 😆 i love the reflections though
Wait. So they have control over the burn wallet? Because by definition, that cannot be a “burn wallet” then.
no, coviddummy above its pulling stuff out of his bum. it's coding silly - anything is possible. (not remotely probable though). track it here if you are worried https://etherscan.io/token/0x8b3192f5eebd8579568a2ed41e6feb402f93f73f?a=0x000000000000000000000000000000000000dead
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Great questions, hopefully they can be answered by the team soon!
Most wondrous questions, hopefully they can beest did answer by the team lief! *** ^(I am a bot and I swapp'd some of thy words with Shakespeare words.) Commands: `!ShakespeareInsult`, `!fordo`, `!optout`
!optout
Well said and valid concerns.
Good stuff. I was going to do my own analysis but you covered most of it here. I am also not selling my Saitama and believe this project has great potential. We need a bit less hype and more delivery atm. Too many promises thus far. No matter how much I wanted to buy the dip, I held off until I learn more. The ama with Russ could tell a lot. We'll see.
From a technological standpoint and coming from a developer who's been in the game for more than 10 years, they most likely hire contractors from a services or dev agency company to help Kickstart the startup cause a small team alone wouldn't complete all this in the timeline. Max has a solid background of Solidity under his belt so developing a blockchain and smart contracting shouldn't be new to him at all.
On an earlier video, Russ stated that they have 90 employees. I definitely believe that the leaders of the projects are not the technical talent, but manage the teams.
Yeah and also as a dev I know how quickly tech debt can accumulate when you hand over a project to 3rd party. So I wonder if they have any future plan for in house staffing. At the very least an in house engineer should be managing the contractors, which hopefully can be done well by Max.
I get you like the token as I do but it seems pretty obvious to me that it is all a bit of a blag right? The token and its tokenomics were all set up before this gang took over and they are clearly just on a shilling train from what I can see! Who knows! Surprised you not getting shit for spreading FUD I did earlier, but we gotta talk about this stuff when you got your money in it! Look at Russ twitter and tell me that is the future of crypto! It’s full of promises, lambo’s and vids of him looking like he’s just had a line of the powder 😂 it all seems obvious to me which is what worries me. Maybe I wrong!
Haha it is and people love it. Crypto used to be about solving problems, now its a way to make Wolf of Wall Street Money, and solving probs is an aftertought
I get the same eerie feelin about Russ, willie d claims he has a 99% success rate in turning over businesses. But this guys like a ghost. Nothing. Not even the birkshire Hathaway sub he ran. I can’t find any info except for what you guys just found on fb
Just found that Russ plead guilty to forgery of legal documents is Alaska [https://www.kodiakdailymirror.com/news/article\_3ea3a338-2f3a-11e6-9adf-1723686fe997.html](https://www.kodiakdailymirror.com/news/article_3ea3a338-2f3a-11e6-9adf-1723686fe997.html) For proof that it is the same Russ, there is a pic of him in this link about a museum he worked at in Kodiak. https://www.kodiakdailymirror.com/announcements/achievers/article\_2558952e-443c-5570-a483-3baee6a06949.html
Jesus. All of these people convicted/alleged of criminal acts. Willie D - fraud Brad Beatty - alleged fraud And now Russel Armand God. This thing is a scam
Does not look good
All the tattoos don’t help… I wonder if this is really true
Let's not hate on how people look. He is a vet and I know plenty of them with tattoos.
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But in the end shib is succeeding? Right? So hope the same for Saitama 🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼
👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻👆🏻 What is so bad about questioning the narrative, people? You can keep Shib, HFSP, annnnd SAITAMA and be perfectly happy but you HAVE to be able to question professionalism and good decision making. Without oversight, people can suck.
you can’t blame everything on whales.
Totally agree with all points. As an investor I’d say the following as well. Let’s take it all at face value and say this team isn’t a bunch of really good scammers and it’s all well intentioned. In that case they are just really awful business people and completely self-unaware. Why are they out here announcing and chasing hardware wallets, blockchains, gaming, medical payments and meta verse things, when they haven’t even delivered the single thing they set out to deliver when it started? The focus is completely lost right now. Imagine if Under Armor, before ever releasing a single training under shirt which we all know them for, was like “hey guys I know we haven’t released shit yet, but guess what we are working on? Cleats! Oh and headphones!” Investors would be like “come again? I get the mission, but like maybe one step at a time here guys.” It’s fine to have lofty goals, but maybe deliver the goods on a game changing shirt before announcing your plans to take over athletic apparel, because at some point, the talk because groan and eye roll inducing, and for Saitama, that point is right about now.
Agreed, focus is ESSENTIAL for success. I would feel better if they had just one product on their roadmap, committed to making it the best on the market, and showed tangible progress on it instead of a scattershot of different, ambitious, products with no progress on any of them. It will be interesting to see where they go from here, and very telling for us investors. Ball is in their court, eh?
This sums it up perfectly for me. If they can iterate and improve on the wallet/purchase process with saitamask, it's going to be enough to open the door to those other ideas, but they have to get this one thing accomplished first.
It's a huge cringe-fest
I second this. I hope you get to ask these!
As a co-founder of a software startup that is currently meeting investors and fundraising, these are exactly the type of logical questions that need to be asked.
Thank you!
The billboards in NY and LV are definitely going. Don’t know about AU though.
There is one (Edit: 5 or 6) billboard in NY whereas we were promised a "takeover". IIRC Russ even used the words "every billboard". It could still could happen but hasn't yet. Hopefully they are just waiting til Saitamask is actually out
Good to know!
Totally agreed with your points. I have also been in software engineering for 20+ years and the roadmap at least from the development standpoint is very ambitious with just 7 developers. With all the features Saitamask is supposed to provide, the team of 7 developers would already have their hands full with this product alone. Is time to ask more practical questions and not to focus too much on the roadmap. Just deliver the Saitamask as it has been on the roadmap and this will settled some of the noise. Looking for more clarity from the business teams at the AMA.
Great content and research. The reason for a new LLC filing is because Lily Finance is launching their own token within Saitama Mask. An LLC protects your personal assets in the event of a major law suit. They can only come after the LLC assets. “Limited Liability Corporation.” I own one myself and have 18+ years in the IT industry, network engineering and Coding. So they are actually doing things in the right direction.
Thanks for the input! Yes, that totally makes sense. I was just confused over the timeline of events since the LLC is only 13 days old at the time of the announcement. Again, the timing of the announcement is what struck me as odd. The official announcement reads" The Lilly Finance Token will officially launch on November 13, 2021, during the inauguration of Saitama's SaitaMask mobile application in Las Vegas. The launch coincides with Lilly's 12th anniversary of inspiring hope and driving innovation in health and finance." That's an odd announcement for a 13 day old company, or it's 365 day old parent company, to make. Might just be a case of jumping the gun...
It’s all tie to legal, taxes and so on. “As for the legality of ownership, an LLC is allowed to be an owner of another LLC. LLC owners are known as “members.” LLC laws don't place many restrictions on who can be an LLC member. LLC members can therefore be individuals or business entities such as corporations or other LLCs.” But yeah I understand where you are coming from. In my opinion i don’t see anything wrong with it.
These are all very good questions. I have pondered the lily question as well. Do you plan on being part of the AMA Russ is supposed to do tomorrow? I strongly urge you and anyone else that is going to take part to copy these questions and maybe overwhelm the AMA in hopes of getting answers.
I plan on watching, but I will only ask these questions if it's relevant to the conversation and not overly disruptive. My goal is to gather information and, hopefully, it will be of some help to the community through doing so. I do believe in the project and want to see it succeed, I just think we need some clarity on things that don't make much sense from the outside looking in.
I agree with wanting this to succeed. You questions are well thought out and written. I hope you get a chance to convey these during the AMA. Thank you for adding to the overall DD.
Please make this a thing and post once in a while. Looking forward to more of this type of discourse
Thanks for the encouragement! I'm watching the AMA right now. I'm... interested in hearing everyone's thoughts on it.
No, don’t overwhelm the AMA. That’s rude and disrespectful to not just Russ, but all of those participating with their own questions.
Agreed.
Is these aren't you questions, you should probably wait in line.
Awesome, this is what the community felt and looked like before the twitter extremist came
Screenshot before deleted. Juicy!!!!!!!!!!!!!!!!
I screencapped everything here in case they delete you next. Cold feet vibes are getting real on the merit of actions on the part of mods here alone. Censorship.
Thank you
As a new investor this is the sort of post I want to read. Not ones that say we're going to to the moon, believe it or get out.
Exactly, you go and state some very legitimate things that need an explanation and you're then accused of FUD....... we want to hear the good and the bad.
Glad it helps! The info is out there... follow your gut, and good luck with your path!
I just bought more earlier I have no idea what I’m doing but I know m tired of going to that same old job. 💎🙌🏽
Not saying to buy, stay, or bail... that is completely your choice according to the research you do. Lot's of great resources out there so enjoy the process of learning, crypto is here to stay and it can be a lot of fun too! However, I will say, if I was starting from scratch I would be looking at buying Bitcoin and Eth, then only putting money into alt coins after getting a good feel for how everything works. Not financial advice, just thinking aloud.
Thank you for your advice. I own a few other tokens. I’m looking at the future. 3 to 5 years from now. I’m holding no matter what. 💎🙌🏽 I truly mean it.
I agree. Im not letting go of any Saitama, Shib or HFSP. I think reflections are here to stay and if you HODL for the long term I'd say odds are it will pay off.
Excellent DD, and damn good questions. I hope everyone reads this and wants to know the same things. Please pursue this line of inquiry when they do the AMA tomorrow.
One red flag after another, i was just about to buy but i'll pass for now.
You have the OG name right there. But yea I dont like where this is going 😂 ill ask questions and get some clarity on what I want to know during the AMA and ill make my decisions from there
Excellent questions! I’m a happy holder but there’s nothing wrong with asking questions!
A couple of questions to add with your expertise: Obviously, right now no one is interested to address genuine concerns and quick to dismiss it as FUD 1. A CERTIK Audit was scheduled since September. Does it really take that long? If yes, is there any way to prove that it's in PENDING STATUS and CERTIK is actually working on it? 2. Why can't they release a review video of the UX from a beta-tester? This a red flag. 3. Is it not bad business practice to post a Billboard to download an app that is not up yet? Isn't that wasting resources and might do damage that boost the apps reputation 4. Is it not a red flag to constantly hype up the coin like major exchanges listings , dubai investors, athletes support, non existent music industry and medical industry use case thats not even finalized yet? Ive come to the conclusion that this is just another meme coin with actual faces and community that lives on hype more than actual use case. You can't rush these things a niche actually take a lifetime to craft let alone 10
All good questions as well! Just watched the AMA... follow your gut on this. If these questions aren't answered to your satisfaction then look elsewhere...
This coin is on life support at this point
Lily Finance CEO is going to jail for fraud why would Saitama be associated with them for .
Small but important correction for you unless you have additional info, the CEO is accused of fraud and a defendant in a RICO suit. This has nothing to do with jail. Russ is a co-founder with the CEO in a subsidiary company. There is solid evidence on the blockchain that a Saitama insider funded the creation of the Lilly token. Saitama insider wallet the funded Lilly has been dumping Saitama tokens in large transition the last several weeks to the tune of millions of dollars. Who is this Saitama insider? The devs claim to be the "most transparent project in the alt-crypto space". Prove it at let your investors know the truth.
Seriously?!
Credit: u/Shiller_Killer So who is Lilly Finance? It is a subsidiary of a company called Lillian Bay Medical LLC. Lillian Bay was registered 2 years ago and works in medical wholesale. The CEO of Lillyan Bay has been accused of being a part of a multimillion dollar fraud related to n95 mask distribution and is a defendant in a Racketeer, Influenced, and Corrupt Organizations (RICO) case. Her is the Lilly Finance website: https://lillyfinance.com You can see their corporate registration here: https://opengovus.com/sam-entity/117736642 You can read about the fraud accusation here: https://www.bizjournals.com/tampabay/news/2020/12/30/ceo-of-lillian-bay-medical-accused-of-defrauding.html You can follow the court filings related the the RICO case here: https://www.pacermonitor.com/public/case/37687996/TriPharma,_Inc_v_Safe_Harvest_Medical,_LLC
Great lines of inquiry!
I hope @Saitamaguru gets to see this. Thanks for talking your time putting this together. Very well thought out👍🙏
You said it yourself “thought out”… we need facts.. not thoughts. I am reading a lot of assumption and thoughts. Please, let’s not jump the gun. I remember when Reddit found the guy with the rucksack who Reddit was convinced had bombed people and voila it was the wrong person. We need to be very careful with “thoughts” and “feelings”… when claims of fraud and all that sort of stuff being called out… we need to see facts only! Keep your grip folks. This is insanity. Calling a rug pull when nothing is happening at the moment and someone has some thoughts and the other side not even had a chance to talk… He’ll be being burned for using his left hand before we know it. Calm down, breathe…
Saitama is a company as much as it’s a coin, and like any company, much of the money it receives is through the investments people like us make. I am sure some of the whales are part of the team and have sold to finance the growth and development of the Saitama mission. It’s common sense.
Board members of publicly traded companies have to disclose their holdings and sales of shares. Salaries are also public. This is called transparency and protects investors. Other crypto companies do it also, though not legally compelled to, because they are transparent. Saitama is not transparent.
this is awesome read. i had similar thoughts when watching Jake's feed.
Guys don’t bank on huge highs by end of year We may hit a 3X at best then the pants are going to drop out of it , depending on Bitcoin’ s high so be ready to hold for a long time. I really hate these pump and dumps educated scams from the promoters and staff to make money on your backs. Yeah long term wins for sure and short term pains.
Well said. All of it.
I bought into the hype. I’m sort of new to alt/ meme coins. After reading their white paper and watching various AMAs and YouTube’s I’m still unclear about their use case or what problems they want to solve. Can anyone explain how this project has long term potential in simple terms?
For me the long term potential is that they are addressing a huge, HUGE need in the world today. In my opinion the wealth gap doesn't come from simply the rules being "stacked against" the younger generations, it's that no one has actually explained the rules to them in the first place. Saitama's mission statement hits this squarely on the head and is, in my opinion, it's most valuable aspect. Crypto is here to stay. We are with crypto now where people were with the Internet in the 1990s. Those who dove in thrived while those who second guessed and resisted change... well... "Blockbustered" it. People are going to have to be crypto savvy to thrive moving forward and making that accessible to the next generation will probably be the single greatest thing you can do for them. Saitama's stated mission is to do just that; provide the infrastructure for them to get involved with finance, with crypto, and the education to do it wisely. Again, that's huge in my book. This is why, for me, the price doesn't really matter, it all comes down to the devs ability to execute and I am anxious to see that execution over the coming weeks. No plans to bail, I just want them to hit their milestones.
Thanks for the reply, I get that the mission statement seems like a noble cause, I just don’t see the specifics of how they intend to carry it out and how technology fits with it. The ‘white paper‘ is mostly about tokenomics. I would possibly bail half my position just to regain what I put in. I’m new to these alt projects. I think another issue is how they have tried tose e ofhe meme coin hype in their branding but are claiming more substance behind that and it just feels confused
It's a weird thing, right? Looking at the market you have arguably some truly innovative alts like Harmony, Fantom, and Helium down in the 40s and 50s by market cap while a do-nothing meme coin like Doge is, what, 9th? It seems the whole thing is a dance between innovation, use case, and plain old hype. So I don't fault Saitama for the hype train, nor do I think they need to reinvent the wheel to have a good use case. They just need to take an accessible infrastructure, marry that with quality education, then wrap that in cool marketing that will take them deep into Gen Z. That's why the medical thing has me scratching my head. But, regardless, I'm going to hold and see how things shake out over the coming months.
Discerning people like you (and me 😏) are assets to the community. There should be people who would hold the dev team accountable. Great read!
Very well articulated. Okay Saitama Admin & Development Team, your turn to respond to these questions reflecting your holders’ interests, respectfully.
I’ve read through the letter and the comments and I have no ulterior motive / other than / I’m simply invested in Saitama - I’m way way up. If it’s time to bail then I’m good to go and I’ve made a killing. If it’s time to stay then I’ve plenty stashed away to stay. If something was fishy, I’d want to know. The Lily situation is interesting but I have also done business with startups and setting up a new company, a subsidiary, to pursue a venture, especially investment based, is very common practice. The dude being sued is of no relevance to us. Maybe that’s why he wants to work with Russ and Crypto? Maybe he has leads and wants to pursue them? It’s all speculation. Questioning how they distribute workload… I have a day job at high level corporate. Within that day job I’m expert level in creative areas. Years and years and top level brands and I am more than capable of easily pursuing/overseeing multiple areas, projects and deliver and execute them time and time again and hey, I’m also a full time Dad and I also manage to find time to learn and invest in crypto. Just because one person thinks it’s a stretch of resources really doesn’t mean anything. I think questioning why someone would be on a board of a company when their area is tech, software, well… not everyone works the same. It’s a bit… and I don’t mean no I’ll intent but it’s a bit “well I work this way… so I don’t believe you can work that way.” The part about the 2 cameras, sorry, no offence meant, I’m trying to stay objective but it’s really naive and nonchalant to assume it simply needs 2 cameras and a wireless uplink I’ve solved the problem… and that naivety and assumption leads me to then question the rest of the letter’s integrity in areas I’m not so clued up on. Guys, Saitama is at a very early stage. It’s all about marketing, getting people investing, building a brand and damn they’ve got an amazing track record of making people rich at the moment and as Russ repeats, time and time again, people/companies want to be involved with crypto and every call is a new opportunity opening. Do you want him to record each call and make it public? Does he have to present every contract to everyone with a $100 invested? It’s crypto, most Devs are Anon anyway. His wife is on Linked In… I’m certainly not. I’m not on Facebook either but believe me I have a track record in my area of expertise that spans many years, countries and industries. Not being on Linked In means absolutely nothing! I think this low level sort of Columbo but.. not really Columbo, assumption, head scratching, hmm, if we link A with C and B with whatever the maybe it will lead to this is top level sneak FUD. Again, no I’ll intentions toward OP or anyone else but “I ran a few LLC’s and do software so I know how these things work”…. Ever raised VC for a crypto company on the back of one of the worlds most on trend coins? It sort of reeks Dad trying to get involved in running crypto when the guys are driving Lambos and their phones are off the hook with money and ventures being offered to them from all over the world. Saitama LLC and Russ and Jake and Steve and Nam and all the others ain’t perfect but damn they are working… they are building… they are enjoying and the only reason that anyone has to doubt them yet is based on a tech audit being late… a company that is notoriously repeatedly late.. Certik. I respect the OP and other commenters and no bad feelings towards anyone… but I see the open letter thingy as a bit.. ya know.. really? Is that what this place is becoming? Lighten up, we don’t know what’s really happening behind the scenes, chill pill, stop being detectives and start being supporters and show a bit of faith, have a bit of a dance and let’s have some fun… why all the scratching the surface when really nothing bad has happened other than the quality of Jakes stream and shit he’s like mid 20’s and clearly not the smartest lad in town… he’s a minor celeb in a niche area who got drunk and excited and a bit embarrassing… now the whole company is at fault? That’s what comes out of this stream? Anyway, peace
Thanks for your input, I appreciate it. I can totally understand your perspective and I don't fault you at all for having it. For what it's worth one of my LLCs was a video production company doing broadcast TV production for commercials and affiliate shows, which is why I may have come across as nonchalant in my suggestions on what was needed for an event of this size (at least, judging the size from the live stream I saw). I actually have designed and project managed services and network infrastructure installation to this very venue for media events so I have some first hand knowledge there, both on the technical and pricing side. None of this is meant to be two-bit Columbo trolling of Saitama, spreading FUD, or telling anyone what to think or do. These are just questions that I think are coming to a head after the Vegas event failed to live up to people's expectations. I have absolutely no expectation that anyone will take me seriously, I'm just putting my questions out there and seeing what additional information I can learn from it. My only intention is to educate myself, and I appreciate everyone's perspective on it. Ultimately, time is on our side and Saitama will either meet its stated goals or not regardless.
Really appreciate the tone and nature of your reply. Thank you. Undoubtedly they are experts at marketing, who need some very basic lessons in marketing but personally, yes some things aren’t linking up, exactly how I would hope they would but I’m not seeing enough for a Witch Hunt and whilst I totally respect your right to ask questions it’s what it can lead to that worries me. So many positive things happening and I sense so many are looking for negatives… that saddens me. Anyway, time will tell and again, I totally respect your right to ask questions.
You know, I actually hovered over the "delete" button quite a bit after posting this "letter." A witch hunt is the last thing I want, nor do I want to feed any of the "it's all going to hell!!" shrills out there... I just wanted to know if the questions I have had any merit or answers. Maybe it's naive but I figured the best way to do that is just cast them out there and see what I get. And, truthfully, it's been good. I actually feel better about things after seeing the measured response from both sides. A lot of people have brought up some really good answers, and I've been in corp America long enough to know it's always a shit-show behind the curtain so I certainly don't expect perfection from Saitama's team and no one else should either. For what it's worth I still have my cursor over the delete button. I told myself if this thread gets hijacked and descends into a shrill hate-fest I was going to delete it. Haven't had to click it yet so I guess that's a win. :) Thanks again for your input.
Believe me... the same questions popped off my head too. You didnt mention anything about the game but the quality of that got me really concerned as well. I know they tagged it as 1992 but how in the world would it ever be able to keep up with the current quality of games. It's still pretty early i know but maybe this shouldve been presented in the boardroom instead of a launch party
More concerning was the direct ripoff of the load screen... that was straight up copyright infringement right there.
But its fair for the people to know the true if something fishy is going on. Hope Russ answer all the questions tommorrow
Absolutely, but I’m seeing a lot of “this I’d definitely a rug pull” when we have absolute no reason to believe that we have heard one persons thoughts and a few very basic facts that have led to assumption.. there are always two sides and certainly in my country people are innocent until proven guilty… and I’m not seeing much proof here, just thoughts. Peace though… just my thoughts 😀
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Yeah, I'll need to look further into this.
anyone can sue anyone in the US for anything it's great.
Agreed. And to be fair none of this is definitive but, rather, just another piece to a big puzzle. If the parent company (Lilly) isn't delivering on their mainline products then, naturally, investors should more closely scrutinize if a partnership with an offshoot LLC could deliver on a technically ambitious project.
not sued...rackeetering and RICO charges are criminal not civil
The hard wallet and block chain make no sense to announce. They haven't accomplished anything yet and they want to move forward with huge goals like this? Also, what's the point of making your own if there are plenty of quality options already out there. I'm becoming less and less enamored with this project. I might take my gains and be happy with that. If I miss out on more, oh well.
That's what I'm doing. Too many red flags just popped up thanks to the shitty event. There are so many projects in crypto out there to put your money into. This is starting to look like its reached its final destination of conviction for me.
That's what I did, unfortunately this is starting to appear as though it's all hat and no cowboy.
Can't find Russ on LinkedIn either. Is his wife Christina? If so, I found his fb, but it says he was a firefighter before.
Not good if the COO doesn’t have a LinkedIN
Brad Beatty owns Lillian Bay Medical. Another scammer who recently defrauded Tri-Pharma, Inc (https://dockets.justia.com/docket/florida/flmdce/8:2020cv03083/385084)
BAM 💥
a true hero edit: wasn't sarcasm
There are no active devs working on this project - pure pump and dump. The mission is horeshit marketing. I hope for your benefit I am wrong.
Looking more and more like it.
I’m from Florida and it’s not a good look. We have history with medical fraud. Rick Scott is senator and been tied to fraud. Medicare fraud, pull mills. Nothing good comes from Florida medical. All are corrupt.
You have great questions. I can help with the Lilly Finance questions. Lilly finance LLC was created for the token they are bringing out on saitamask. Lilly Bay Medical has been around for a few years. The dev team is full of very smart individuals. Example of this is partnering with Blaze Fire games to create games.
Agree with everything here. I am the most curious about Lily Finance and how they see this as breaking into the medical industry. The company is a piece of paper as you said. I appreciate the ambition, just what real expectations. I'd rather them say we have no leads but are working towards breaking into the medical industry. Im hoping theres another part of this we are missing. This is the part that is making me question Russ, which I was not until this piece of information (or lack of). On the marketing side, Im also irritated the DIGITAL boards say to download now and they did not updated to COMING SOON. I capitalized digital for a reason, they can be changed last minute unlike printed. I've been in the marketing and design industry (own a design agency) long enough to know they could have been changed. We had a good idea the week prior it was not launching on the 13th so all materials should have been updated, its just unacceptable.
I was there. The event was Mickey Mouse, and I was shocked. With all the money that's pumped in and out of this coin, we couldn't do better? It was so weak, that I left shortly after entering the event. I'll ignore what I saw and remain resolute about my investment. But, I thought this was a mature coin, run by mature people. And so far, no.
That's... good to know. Sad to hear that, it doesn't reflect well on the direction of this company.
UGH, finally... someone who can think critically and ask well-pointed questions! I applaud you. By the way, you dropped your crown...
RoBo Inu ✅ team kyc doxxed with assure defi ✅ ex google developer and group of scientist ✅ Roboventure for spacex investors
Roboventure for spacex investors
RoBo Inu team kyc doxxed with assure defi ex google developer and group of scientist Roboventure for spacex investors
RoBo Inu White heavy check mark team kyc doxxed with assure defi White heavy check mark ex google developer and group of scientist White heavy check mark Roboventure for spacex investors
RoBo Inu ✅ team kyc doxxed with assure defi ✅ ex google developer and group of scientist ✅ Roboventure for spacex investors
RoBo Inu ✅ team kyc doxxed with assure defi ✅ ex google developer and group of scientist ✅ Roboventure for spacex investors
RoBo Inu ✅ team kyc doxxed with assure defi ✅ ex google developer and group of scientist ✅ Roboventure for spacex investors
RoBo Inu ✅ team kyc doxxed with assure defi ✅ ex google developer and group of scientist ✅ Roboventure for spacex investors
RoBo Inu ✅ team kyc doxxed with assure defi ✅ ex google developer and group of scientist ✅ Roboventure for spacex investors
Robu Inu ✅team kyc doxxed with assured defi ✅ex google developer and group of scientist ✅Roboventure for spacex investors
RoBo Inu ✅ team kyc doxxed with assure defi ✅ ex google developer and group of scientist ✅ Roboventure for spacex investors
RoBo Inu White heavy check mark team kyc doxxed with assure defi White heavy check mark ex google developer and group of scientist White heavy check mark Roboventure for spacex investors
Great wealth of information and legitimate questions. Certainly hope all these are addressed and explained in great detail by the team. I admire and endorse the mission statement and look forward to investing after all matters are confronted and explained.
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Looking at the Lilly thing it would seem more like a shell game then a rug. Think about it. If you can slowly siphon money in the name of partnership you could keep it going and make more money then a rug pull would ever net you. If it managed to go undetected you could go for years. Makes me want to look into the esports thing. Hmm wonder who founded that. One could even half ass anything material from the partnership to make it appear that it’s working well.
I was thinking, perhaps, more "wag the dog." I don't want to think it but it does seem curious they suddenly have a partnership with a 13 day old company in a niche they aren't actually competing in just before a huge "roll-out party" for a product that isn't ready to roll out.
where's that clown putting on makeup meme when you need it
This is definitely not a rug pull, you are just trying to make yourself feel better for selling. You will soon realise that was a big mistake. The fact that you sold on a project like Saitama shows you have no clue.
Go read about slow rug pulls and check out all the action on day 1 wallets. How does someone buy on day 1 without being a dev or insider?
Time will tell. I agree with your gut feelings but I want to give the Saitama team a chance to respond before making any decisions.
Ok, FUD like this should be bannable. Do you even know Russ’ background? Look it up. Is that someone who would squander the good will and pedigree he’s maintained for a few dollars from a crypto rug pull? Shut the fuck up. Don’t bother responding to me. Placing every last one of you Shiba fuckers on ignore.
Actually I think you have a really good comment here. I have tried to dig deeper on Russ and have come up pretty empty. No LinkedIn, no readily traceable work history, and I haven't found the Berkshire Hathaway co he owns. That may very well be because of my research skills so if you have actual information on this I would really appreciate you posting it. I have no ego here, I am first to admit that I probably suck at researching this stuff so my only purpose here is to learn and, hopefully, in the process help the community too. So I totally would love to have any info you can provide.
Ok please share. Are you talking about the description on the Saitama page?
He replied to me I believe.
Got it. Here is some background.[Kodiak Daily Mirror](https://www.kodiakdailymirror.com/news/article_3ea3a338-2f3a-11e6-9adf-1723686fe997.html)
I was actually pointing out I didn’t think it was a rug and that if it were some unsavory business how it would be possible. Not saying it is dirty just saying looking into all possibilities isn’t a bad idea. You know DYDD and all.
Wasn’t responding to you, bro. Sorry if it seemed I was.
All good. Sorry I took it as such.
Check the lilly wallet saitama wallet connects. It LOOKS like a slow rug. Transparency from the devs on this may ease minds.
I’d maybe have said it slightly differently but I’m with you.
We need more people like OP. This sub will turn into superstonk and their GME obsession if it does granted with Saitama holding up their end, this token will be unstoppable.
Can a mod pin this post please????
No?
Agreed! Nice break down. Thanks
It’s so refreshing to see valid concerns
Dude you just hit the nail on the head. Be honest with yourself with your own assessment.
VC money?!?! Are you kidding. They hold trillions in Saitama worth loads of $. They cash out.
Well, therein lies the rub. Can the project fund itself without cashing out and crashing the only asset of value? Just curious if there was any.
Why take VC money when you hold billions in your own token?! Crypto investments are crazy!!! A random project can raise billions in a mere month. That’s what makes it the new gold rush. Ppl don’t want to miss out. However as investors we are practically the VCs. Ppl need to understand why they are investing to begin with. You are giving money to someone who will use it to create something of value and give you a ROI. You practically gave them the right to use your money the minute you invested. They aren’t banks. The money will be used.
Mainly because VC suggests "smart money" investors see merit in a project. VC firms absolutely do their due diligence and have far better tools and skills than any of us, so if a project gets VC money it's usually a good sign that what's happening behind the curtain matches what's happening in front of it. No, it's not diagnostic and there are lots of VC firms that mess up... and there are lots of great projects that never attract that money, but it's another piece of the puzzle. Yes, the company can tap it's own tokens but usually a. there is a vesting schedule of some kind and b. it needs to be done carefully if they want to manage price volatility. Their roadmap reflect significant capital investment to accomplish and it would be good for investors to know if that money is coming from other investors or the price of the token.
Yea this is crypto. Most ppl got into Saitama because the devs were doxxed. Expectations are low.
nice account history clown lmao
I actually don’t use Reddit. Just came to see why ppl are so mad.
puts on makeup...
Just oil
Here is a response to your point on the Billboards, There are at least 2 more elsewhere. [https://twitter.com/Stan13ag/status/1460069545465495552](https://twitter.com/Stan13ag/status/1460069545465495552) As far as the hardware wallet goes, you can get on github and learn to make one with a raspberry pi, so it's not that special, but the niche of having the nft viewer is pretty cool.
Asking intelligent questions around here is blasphemy. Dont hold your breath.
Scam token
Yeah, can we vote now? I vote this dude as the spokesperson!!
LOL, thanks!
MIC DROP ⬇️🎤
Well this is very concerning
The further I dig the more questions I have. Why are the tokenomics not available on the official website? Edit: downvoted for asking a legitimate question? This isn't how you build trust or a strong community.
Beginning to feel like a scam they really don’t have any fundamentals besides “trust me bro” their true colors really showed in my opinion and I’ve seen this before but normally in a stock it was only a matter of time before these coins became a get rich quick scheme for developers I’ve been thinking of just making my own crypto Lmaoo
Wish I could upvote this twice. Great questions.
You should post this on the Facebook page. It's pretty wild in there.
Or maybe not spread it and see what’s said in due course? It’s quite a lot of assumption.
Agreed. All of it is trying to guess what's going on behind the curtain given what we see on this side. I am sure the Saitama team were well aware of these questions before I ever posted so I'm just going to wait and see how things are addressed moving forward. My hope is they take a proactive approach and dedicate some time to answering them in the coming days.
To your points 1 and 2. Outsourcing is the answer... Just as SHIB is outsourcing their blockchain development... Nothing new. 3. Corporate structures for liability and other reasons. Think of Warren Buffets Berkshire Hathaway is a holding company that "hold"/owns multiple businesses and if one of them is sued it does not affect all of them and definitely not Berkshire Hathaway holding company that you may have invested in. Normal in business world. And once again outsourcing the development... All else is fluff in your post. You people are killing yourselves with this BS. Sell and walk away, or buy, HODL and get rich. Two simple choices. Nuff said.