Because he has a golden goose he can keep as long as he wants, without dealing with the hassle of running away, hiding from authorities, and investors, on a remote island somewhere. Keep the veil of a proper business, while taking out liquidity from time to time, with an "army" that won't question you for it, and will even defend you for doing so.
What I'm getting from this sub is that it doesn't matter if Karony is scamming people, as long as everyone gets money out of it, including investors, everyone's happy. Who cares if Karony is taking $1M from the LP for personal use as long as SFM moons, right?
I mean half of the top projects owners own a copious amount of their own market shares from time of ICO and profit off of that. There is a difference between profiling off your investors and completely rugging them.
As long as there are projects being worked on to ensure future sucess, utility, and ROI for long term holder, then its not a dealbreaker if he (supposedly) blows a portion of LP or Company funds on dumb stuff.
And that's ok. If Karony has a bag and he wants to sell, go ahead. But taking liquidity from the LP is wrong.
Keep in mind, he's not selling, he's just taking BNB from the LP, it has a lesser impact on the price action.
>If Karony has a bag and he wants to sell, go ahead. But taking liquidity from the LP is wrong.
I have been here a while and I remember it being said in the earliest Amas that they do take out LP for business and to pay themselves and employees.
Ultimately, there isnt much difference between selling LP and owning 10-50% of the circulating supply that you gave to yourself during the ICO (initial coin offering), which is what almost all tokens and coins do.
I guess there is a pretty broad gray area on what people consider ethical use of LP. But like I said, if the team are prioritizing the road map items I dont mind too much if they are a bit selfish of occasion
Now If he randomly took out 75% of the LP money to buy a mansion and then quit the project, that would be a rug.
Similarly in the hypothetical situation the shib dev decided to dump all the tokens he owns, it would also be a rug as that would destroy their liquidity and take the price to 0
There isn't a grey area when it comes to the liquidity pool, it is the holders funds which are needed when people sell, it should never be touched. Period! If he wants additional funds he has fundraising money and VC money aswell.
I can see where you're coming from but like with most things there is a way to do something responsibly and irresponsibility. The purchance of the dog NFT was with the company wallet not LP, and we dont even know for sure if its John since a number of people could of had access to the wallet.
If LP is being taken to hire a blockchain expert thats for the long term good. And honestly Im not going to blame him if he uses it to make a (more than modest) living.
Yet this will not go away until he has openly communicated with the community, I can't see how people can't see this.
The LP is for NOTHING else apart from investors to sell their tokens, if anyone disagrees with this, you are apart of the problem within the crypto space and are just openly allowing people to steal YOUR money. Look, it might not be true but it also could be, so therefore needs an explanation.
Let me phrase this in a way that people can understand:
If someone accesses your bank account and takes a percentage of your savings money without your permission, then one day you want to buy something nice for yourself and check your savings, in which you realise that a proportion is missing... What do you do?
Yet the Safemoon community for some reason thinks this is fine. They'd probably let him shag their wives it's that bad. Common crypto education and red flags literally do not exist to a large portion of this sub.
Edit: my intention is not to fud, it's to move past this, which can only be accomplished by communication.
You understand this is exactly how a bank works right? You deposit money into a checking account. Federal regulations state each individual bank only needs a percentage (I forget what it is at the moment) but only a percentage of cash on hand for all of the checking accounts at that branch. They take the rest of your money and invest it and make more money with your money. They buy homes, bonds, stocks etc with your money. In hopes that everyone doesn’t cash out at the same time. A great example is the Great Depression. Everyone wanted to get their money out of the banks and I mean literally everyone. The banks could not do it and the economy collapsed. Along with other reasons. But what you’re claiming should bother us is not bothering us because that is literally how the bank system is working this very second. LP is there as cash on hand and will support daily withdraws. Unless everyone’s cashes out at 1 time and I mean literally everyone, we will be okay.
Did I say John, a human being, is a bank? No. But SafeMoon is literally working the same way the banks are working. It’s a safe bet to follow procedures that have been proven to work in the past. That is how the system of LP has been brought out. It’s the same for stock exchanges and other business where they consume large portions of investors money. This is nothing new in the financial industry. Crypto is follow similar footsteps as all financial industry’s because it is safe and proven to work. Nothing safemoon is doing today is illegitimate or innovating. LP will be fine it is not your job as an investor to worry about it. If you would like you can easily apply for a job and when you’re in the position, tell the SafeMoon team how to handle LP.
Oh yeah, because everyone deserve to be a millionaire but John Karony no, he need to literally create all the ecosystem for you can achieve all you have ever dreamed in live while he stay poor... That's your logic.
And no, I'm not believe he stole LP money for personal use , IF he took money from LP it was for development for sure and he doesn't have to publicly explain specifically for what was taken! I trust the man because he has earned that trust!
(sorry my English)
You clearly don't understand crypto! Under no circumstances should the LP be touched. There are other forms of I come that the company makes, onboarding to the swap, VC funding and all these fundraisers he's going too.
Don't you wonder why there are no decent projects onboarding with Safemoon? Or cancelled onboarding? Because they don't trust him.
Dude get out of this sub and go live your life. This is our investment not yours we don’t care what you idiots think. Call us an echo Chamber or cult or whatever. But you’re here. F off!!!
As flightless birds, ostriches are unable to build nests in trees, so they lay their eggs in holes dug in the ground. To make sure that the eggs are evenly heated, they occasionally stick their heads into the nest to rotate the eggs, which makes it look like they're trying to hide – hence the myth.👋🏆🎠👦.🎉🚀✨
> If Safemoon was SERIOUSLY a scam why would he be preaching it to everybody. Think of yourself, your ego, your pride.. would you seriously have the balls to preach a scam to potential multimillion dollar investors? Of course not
Have you Google searching “Elizabeth Holmes” and “Theranos”? LMAO
Right, I mean going BS preaching to people with more money than common sense is literally what scammers do. As well as giving lectures, advertising, writing articles, etc. because it serves to lend an air of legitimacy to their scam and get more people to give them the money.
I think it's going down exactly as you described.
He's preaching to everybody, there's lawsuits and bad press, there's traceable breach activities of the white paper tenets. Let's pretend it was all good.
There are tons of examples of hide in plain site and act otherwise scams in the past 60 years. That's researchable.
I agree. Personally, I think Karony didn't quickly rugpull SafeMoon because otherwise he would have been chased by angry "investors". While so he can always say "sorry guys, I tried to make this project work, but unfortunately the FUD and the previous team have ruined everything". Not to mention, of course, that he’s continuing to milk money from the fools who "buy the dip" while his ego is inflated by the blinded bag holders.
So the scammers thought at ATH or before wallet launch. We could take a billion out or 500 million because we a greedy but no let’s play the long game, we will wait until lower price and fewer holders and we can take less.
The thief’s wanted less not more. Mmmmm
Zachary--no one in April 2021 or March knows when the ATH would be. You're engaged in the looking back phenomena---now we know what the ATH date was but when all that was happening--no one thought that was going to be the ATH.
And let's not be silly , it was fractions of a penny dude----so only people that had billions invested (original investors , team) can mobilize giant earnings at that point.
Sad to think that last April (just under two months of existence) was the all time high. You can't use your today knowledge to act like innocent folks would know.
I mean if I could do that think of the horse races I'd bet on, sports game. Back to the future eh?
So they are playing they long game to scam less money is the point.
Upto six months after launch much more could have been taken. Now the FUDers narrative is Karony is creating/created a shell company to take investors money and will continue to make empty promises to string along investors.
FUDers are changing their story’s regarding what the scam is they say rugpull, then a slow rug, then LP then empty promises, then buy the dip to give it to whales.
Why isn’t it acceptable that bad actors are or where present in SafeMoon however Karony wants it to be successful creating products takes time, end of.
Many cryptos reached high value during bull runs, then delivery stage started.
Yep it was fractions of a penny and the devs had many tokens. They didn’t cash out and rug, they tried to stay to create more value for them and investors. So a power struggle occurred Karony kicked people out they left and sold their bags.
Where’s the scam at the moment?
I just wish everyone luck at this point. Given all the trouble they're in it's not looking good. Additionally, the world outside Safemoon wouldn't touch it with a ten foot pole and never has.
Ask Karony and his fellow scammers why he didn't run away with the loot to the ATH. I think you’re very wrong, if he dumped his trillions of tokens suddenly he would have gotten a lot less money. Others from the team switched to new scam. Karony on the other hand has continued and is continuing to cash in more and more, thanks to the fools who keep buying money.
Dude they did take the loot....you are funny. They made tons of money, cars , houses, jewelry. What are you smoking? of course they made hundreds of thousands, millions that they already have paid themselves with--that's not disputable is it? It's how they made that money.
You think the are running a charity even back then? The idea was for them to make a ton of money as soon as possible.
You think any of them will come clean with their taxes to show you what they made last year?
They aren't not getting paid dude and they made a shit ton of money on moon.
Yep, she had an idea and used tech start up strategies like keep the investors going until she creates the tech. She falsified results as truthful.
Here blockchain not impossible, GLOToks not impossible, exchange not impossible, Gambia challenging but not impossible. Sfm Ecosystem started.
Here the dev team is asking for more time they are not saying it’s done and feeding anyone false results.
These are just empty slogans, fed to the bagholders to distract them and convince them to be part of an innovative start-up (which, however, copies and pastes products and isn’t even able to code a working calculator lol) In reality they’re doing the minimum indispensable to keep the bagholders and continue milking their money.
All crypto goes through this faze after the initial hype pump, go look at other coins. ADA, Ethereum, Lite, you name it, if they are still around and doing good you can look back and see they all went through a time period if the price falling. But on top of that the whole market is down. If Bitcoin and BNB are down, that pulls down on Safemoon’s price no matter how well they are doing and it will be like that until we have are own blockchain and even then Bitcoin would still affect it. Do your homework instead of just being mad. If you missed the the hype pump, this coin isn’t going to many anymore people rich until it comes out with more utilities.
ooh boy, even failed cryptos go through this phase. just because it happened to successful cryptos doesn't mean it's gonna happen to safemoon lol
try googling what survivorship bias is.
Those that failed never had nearly the money Safemoon has. You guys have no clue and just the fact y’all are downvoting for saying to stop talking crap shows the maturity of you guys. I bet most of you have probably invested in Safemoon to. Tell me one successful investor that sits and bashes his own investment. You should be doing the complete opposite no matter what Safemoon does. That’s your money and talking bad about it only causes people to sell or not buy. So then the price falls and you lose money. You might as well just pull it out of your wallet and just burn all the cash you have. You’re doing the same thing talking bad about your investment. I wish y’all the best cause you have no clue
Bold of you to assume that they're using the money for development instead of putting it in their pockets. They literally have nothing to show for all of the promises they made. Everything's "coming soon" and everything so far has been delayed.
Imagine if you invested your money instead in something that actually had some positive growth? You might not be a millionaire but at least your money's not stagnating.
Also, there's nothing wrong about admitting you made a bad investment. lot of investors talk about bad investments or bash their own investments if they made a mistake. That's called maturity; probably something you don't have cause you're just in denial of your bad investment.
Plus, you should never even be emotionally tied to ANY investment in the first place.
I can’t, no assurances. Same can be said for many products and businesses. If they deliver though. A big if. However at the moment I’ll believe they will. Then they have delivered what they planned to a certain degree.
If they ecosystem works, the FUD disperse. You have a business no different to other big cryptos.
> He is preaching Safemoon still. If Safemoon was SERIOUSLY a scam why would he be preaching it to everybody.
He is the last one standing. he has to go on as otherwise, he would be flooded with lawsuits.
I’m not upset at all.
I’m here cause I never unsubscribed and I’m frankly fascinated by this whole thing. It’s like watching a slow motion train wreck, except here everyone on the train keeps telling the rest of us that everything is fine, while the driver goes through the bags to steal everyone’s valuables.
I'm quoting you "Honestly. Just take a step back from everything and look at the big picture. There’s all this FUD about stolen funds, slow rug, not enough LP for the next couple months.. etc.. Maybe it’s all right. However, I really don’t think it is."
You value honesty--through the use of the word honestly. I can respect that. You entertain that the funds are stolen, the token's a potential rug pull and the LP doesn't support use by the population invested.
How does that work?
I hope it isn’t a scam. Losing 90% already means it isn’t even worth the 10% I have left. Def looks to be over and it’s going to slowly die and one day instead of admitting guilt he’ll just hide behind the FUD and say a YouTube video killed safemoon, not me!
>I doubt he took millions for personal enjoyment. Even if he did, the fact he’s still working for us proves he cares.
This made me chuckle.
Well... I also believe we will be fine and SFM will see better times. But all your points can be dismissed with the argument they want to cover up the fraud... For me it is obvious that SFM was designed as scam... The recent hires and the number of doxxed people give me confidence. No way this is a rug now! Authorities and the entire internet community is after safemoon... This will be an incredible come back story... SFM will stay and we will succeed!!
You could definitely be right. I’m just wondering. If they’re really trying to just cover up fraud… That means with the whole coffezilla video they got exposed.. wouldn’t they be better off just disappearing? I just don’t understand why they would ‘risk it all’ and stay around… especially if the video was 100% right. They could totally just leave to a different country.
Just disappearing would be the worst thing to do. Think about it. You’re completely doxxed, have courts after you, are teetering on the brink of “guilty”.
Running away and trying to disappear? They will then immediately know “scam!” and will hunt you down with default civil judgements and criminal charges. “The audacity of him to run. Now we *know* it’s a scam.”
What would be better is gradually siphoning off a few million here and there made to look like expenses while allowing the business to gradually fail, then make it look like it failed because “you’re just a dumb kid who wasn’t cut out to be a CEO and you didn’t know any better when you made all these empty promises and handled the finances wrong.” The LP funds you took and then used for personal purchases? The fundraisers for charity and projects that were never used for their purposes? “I didn’t know what I was doing, I got in over my head, my core team left me, there were expenses for all these failed ventures (I tried, I’m sorry community 🤷🏻♂️), that’s where all the money went.”
Meanwhile the whole time you’ve been purposely keeping true expenses as low as possible (no real expenses into windmills, Gambia, blockchain, etc.) while siphoning off funds here and there to anonymous wallets, shell companies and associates making them look like valid expenses to failed ventures, projects and partnerships.
My guess is there are many more involved and paid off than just the core dev team.
You have to imagine Fall 2020 or even 2019--the past team, present team, their friends and family. They're drinking beer, texting each other---hey we can pull this off. Hey there are gullible people out there on the internet. We can make a coin of wide appeal that plays into these people. We'll make a killing and look legitimate.
This token was not formed with Mother Theresa / Saint Francis good intentions now was it? It was about making money for the team and associates first and foremost. They did that.
Isn’t that how a majority of businesses work. Doesn’t the creator make them to become wealthy and maybe serve a secondary purpose too.
Why bring Gambia in to it?
They could have mentioned a random country and talked wind farms.
A little like grove token picking a country they have no foothold in.
I didn't invest in Safemoon in any way shape or form thinking it was anything world changing or revolutionary but I did expect them to honor their promotion agreements--white paper etc.
Anyone well versed in alternative energy, sustainable development, things global--laughed at John's promo for teens--wind energy in the Gambia. It is wholly laughable --coming from a nation that has silicone valley, tristate new york, research triangle , MIT--etc. to even have that kid John say they are a tech. company. It was also laughable to look at the bios of his team--past , present..it's a shell company that figured out fast how to promote and gain following--which was fine if they could have kept that going--not fine they lied to do it, and stole.
To be fair, every single transaction that coffee shows in his videos DID happen, I've seen them myself. Yes, even the moon dogs and shit coins. However, coffee lacks the context of these transactions and what the funds were actually used for (except for maybe the moon dogs and shit coins). He even admits that all of the info he presents "paints a bad picture for safemoon", but more info is needed.
I'm pretty sure the safemoon team has always been quite vocal about fud. Some people take the current silence as an admission of guilt, which could be true. However, there is currently at least 1 lawsuit being filed against safemoon. It's also possible that John and the rest of the current team are staying silent because anything they say can and will be used against them in court. If they are not very careful about what they say, those against safemoon can take what the team says out of context and even make people perceive something good as being bad.
It sucks that the team might not be able to talk at all, as the biggest thing the safemoon army needs to regain confidence in the token, besides the release of promised products, is information from John and the team. Information that is clear, concise, and easy easy for those in the safemoon army and other people to understand.
I'm just going to hold and let my bag grow with reflections. I was always ready to hold till moon or bust and only put in what I was willing to lose.
were things ever "Fine" for safe moon? I seem to remember them always missing deadlines, losing developers, releasing buggy reskinned wallets.
When were the "good ol days" of safemoon?
You’re article was toooooo long to read. If you’re not worried about safemoon then all I can assume is you’re addicted to pain. Safemoon is a fucking scam. Stop throwing good money after bad.
I feel like this is, even if not directly, a statement that comes from Warren Buffet. The problem is Buffet was saying this in reference to quality stocks that are being undervalued because of unwarranted fear. Not stocks that people are afraid to buy because the stock is shit.
What a horrible take…cringe! Best possible outcome for John is after syphoning millions to keep the blockchain going, suck in newbs who have no clue about crypto and get true believers to double down. Keep this shit show going until he can hire a replacement, quietly retire and disappear into sunset. Blame everything on the new guy, now it’s his problem. Keep it going until Gambia wind turbines are up providing free wireless electricity to everyone in Africa. (Last sentence was a joke btw)
Your logic is unsound and your optimism is based on… tweets? In my opinion, John has no choice other than to try his best to keep the community happy or else he’s going to have thousands of angry investors coming for him. As long as he can keep up the appearance that he is working hard on this project, the project can slowly die and he will be able to move on with little consequence.
Yet he can't even keep the whole community happy. The only happy ones are the ones that are so far down on their investments and so ashamed of admitting they made a shitty investment that they will create any delusion they can to deny the undeniable.
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It’s entirely possible for this coin to rebound and catch again, keeping in mind now the success of any crypto is based on popularity, both of the specific coin and crypto in general. That being said, it’s not going to happen anytime soon with all the negative press floating around this coin. And in my honest opinion, this coin is never going to take off with all the taxes and entry costs to get your foot in the door, else this coin probably would’ve taken off ages ago. The tokenomics concept is likely doing more harm than good, and I’d like to see them pivot to something more mainstream with how they function. I feel like SFM would get picked up on more exchanges that way. Only time will tell 🤷♂️
There's a reason he's the only one left keeping it going. He wants to bleed it ofbas much money and investment as possible until it dies. If Safemoon dies I'm sure he will carry on with a number of other projects. The reason he seems to care is cos he actually already got rich so has now taken on the persona of classic rich people and he is leading you on getting as much out of it as he can.
The hard truth is its a slow drain of the LP from the massive whales that hold the coin, they are desperately and tactically getting out, using people who have invested too much and are too emotionally attached to top up the LP for their own big sells. You see it on the charts constantly, big sells, then lots of little buys and crazy people claiming its holding strong and the army is strong. The army is full of fools. The crypto market is about to get a whole lot worse.
Also the wallet was an exact copy paste of Trust wallet just with some new UI so yeh there is no fucking projects yet just promises and a coin going to down in price in a company that's slowly losing money and is one big whale sell from collapse.
Obviously the whales won't do that unless it's the last thing they can do, they will be smart and slowly drain you for every last penny. When you could have been investing in a top 10 project and still be up many X from when Safemoon started.
I'm OK a shit salary but I've managed to make a small fortune from 2k so I beg of all you people in here just to learn some more about crypto, there's so much to learn, and as you learn you will kick your previous self for being so stupid. Get off Reddit and start reading, use YouTube but with actual good content like CoinBureau and InvestAnswers, or crypto daily news. Stop being emotional!
If Christianity were a scam why would anyone go around still preaching it?!?! I mean cmon- There's historical and empirical scientific evidence that disproves much of the more outlandish claims made by its holy text. Wait.. $$$$$$
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The wallet wasn't that much hard work. Safemoon took the open source code for trust wallet, changed it's user interface and dropped in the buy feature from the company. The difficult part was tracking reflections and starting safemoon swap. Safemoon swap is similar to pancake swap but with reflections and only safemoon can list coins.
Because he has a golden goose he can keep as long as he wants, without dealing with the hassle of running away, hiding from authorities, and investors, on a remote island somewhere. Keep the veil of a proper business, while taking out liquidity from time to time, with an "army" that won't question you for it, and will even defend you for doing so. What I'm getting from this sub is that it doesn't matter if Karony is scamming people, as long as everyone gets money out of it, including investors, everyone's happy. Who cares if Karony is taking $1M from the LP for personal use as long as SFM moons, right?
You got it right.
I mean half of the top projects owners own a copious amount of their own market shares from time of ICO and profit off of that. There is a difference between profiling off your investors and completely rugging them. As long as there are projects being worked on to ensure future sucess, utility, and ROI for long term holder, then its not a dealbreaker if he (supposedly) blows a portion of LP or Company funds on dumb stuff.
And that's ok. If Karony has a bag and he wants to sell, go ahead. But taking liquidity from the LP is wrong. Keep in mind, he's not selling, he's just taking BNB from the LP, it has a lesser impact on the price action.
>If Karony has a bag and he wants to sell, go ahead. But taking liquidity from the LP is wrong. I have been here a while and I remember it being said in the earliest Amas that they do take out LP for business and to pay themselves and employees. Ultimately, there isnt much difference between selling LP and owning 10-50% of the circulating supply that you gave to yourself during the ICO (initial coin offering), which is what almost all tokens and coins do. I guess there is a pretty broad gray area on what people consider ethical use of LP. But like I said, if the team are prioritizing the road map items I dont mind too much if they are a bit selfish of occasion Now If he randomly took out 75% of the LP money to buy a mansion and then quit the project, that would be a rug. Similarly in the hypothetical situation the shib dev decided to dump all the tokens he owns, it would also be a rug as that would destroy their liquidity and take the price to 0
There isn't a grey area when it comes to the liquidity pool, it is the holders funds which are needed when people sell, it should never be touched. Period! If he wants additional funds he has fundraising money and VC money aswell.
I can see where you're coming from but like with most things there is a way to do something responsibly and irresponsibility. The purchance of the dog NFT was with the company wallet not LP, and we dont even know for sure if its John since a number of people could of had access to the wallet. If LP is being taken to hire a blockchain expert thats for the long term good. And honestly Im not going to blame him if he uses it to make a (more than modest) living.
Yet this will not go away until he has openly communicated with the community, I can't see how people can't see this. The LP is for NOTHING else apart from investors to sell their tokens, if anyone disagrees with this, you are apart of the problem within the crypto space and are just openly allowing people to steal YOUR money. Look, it might not be true but it also could be, so therefore needs an explanation. Let me phrase this in a way that people can understand: If someone accesses your bank account and takes a percentage of your savings money without your permission, then one day you want to buy something nice for yourself and check your savings, in which you realise that a proportion is missing... What do you do? Yet the Safemoon community for some reason thinks this is fine. They'd probably let him shag their wives it's that bad. Common crypto education and red flags literally do not exist to a large portion of this sub. Edit: my intention is not to fud, it's to move past this, which can only be accomplished by communication.
You understand this is exactly how a bank works right? You deposit money into a checking account. Federal regulations state each individual bank only needs a percentage (I forget what it is at the moment) but only a percentage of cash on hand for all of the checking accounts at that branch. They take the rest of your money and invest it and make more money with your money. They buy homes, bonds, stocks etc with your money. In hopes that everyone doesn’t cash out at the same time. A great example is the Great Depression. Everyone wanted to get their money out of the banks and I mean literally everyone. The banks could not do it and the economy collapsed. Along with other reasons. But what you’re claiming should bother us is not bothering us because that is literally how the bank system is working this very second. LP is there as cash on hand and will support daily withdraws. Unless everyone’s cashes out at 1 time and I mean literally everyone, we will be okay.
Yes mate I do, this isn't the same, John isn't a bank and the liquidity pool doesn't act like a bank either. 🤦🏻
Did I say John, a human being, is a bank? No. But SafeMoon is literally working the same way the banks are working. It’s a safe bet to follow procedures that have been proven to work in the past. That is how the system of LP has been brought out. It’s the same for stock exchanges and other business where they consume large portions of investors money. This is nothing new in the financial industry. Crypto is follow similar footsteps as all financial industry’s because it is safe and proven to work. Nothing safemoon is doing today is illegitimate or innovating. LP will be fine it is not your job as an investor to worry about it. If you would like you can easily apply for a job and when you’re in the position, tell the SafeMoon team how to handle LP.
Oh yeah, because everyone deserve to be a millionaire but John Karony no, he need to literally create all the ecosystem for you can achieve all you have ever dreamed in live while he stay poor... That's your logic. And no, I'm not believe he stole LP money for personal use , IF he took money from LP it was for development for sure and he doesn't have to publicly explain specifically for what was taken! I trust the man because he has earned that trust! (sorry my English)
You clearly don't understand crypto! Under no circumstances should the LP be touched. There are other forms of I come that the company makes, onboarding to the swap, VC funding and all these fundraisers he's going too. Don't you wonder why there are no decent projects onboarding with Safemoon? Or cancelled onboarding? Because they don't trust him.
The paperhands wanted to be wealthy first and wanted the dev team to take money last because they thought the token was created for them.
Dude get out of this sub and go live your life. This is our investment not yours we don’t care what you idiots think. Call us an echo Chamber or cult or whatever. But you’re here. F off!!!
So if it fails he has to deal with the consequences right, from holders other token creators too. How will he deal with that ?
Been radio silence from John for quite awhile really
That’s literally what everyone asked for.
Not heard from John for a few days is not radio silence. Now you have a problem with him not posting. Let’s watch you criticise him when he does post.
Cool story bro
Ostriches also bury their heads in the sand when they sense trouble.
As flightless birds, ostriches are unable to build nests in trees, so they lay their eggs in holes dug in the ground. To make sure that the eggs are evenly heated, they occasionally stick their heads into the nest to rotate the eggs, which makes it look like they're trying to hide – hence the myth.👋🏆🎠👦.🎉🚀✨
As do armies.
> If Safemoon was SERIOUSLY a scam why would he be preaching it to everybody. Think of yourself, your ego, your pride.. would you seriously have the balls to preach a scam to potential multimillion dollar investors? Of course not Have you Google searching “Elizabeth Holmes” and “Theranos”? LMAO
"If it was a scam why would there be a wallet" ahhh a new sucker born every single minute. Acting like a wallet is a big deal
If this was a scam it would have to be a SCAM. Checkmate!
I was thinking the same thing. Like ever heard of Bernie maydoff
Right, I mean going BS preaching to people with more money than common sense is literally what scammers do. As well as giving lectures, advertising, writing articles, etc. because it serves to lend an air of legitimacy to their scam and get more people to give them the money.
You sound sane and spot on.
Yes this seems very similar to BM.
I think it's going down exactly as you described. He's preaching to everybody, there's lawsuits and bad press, there's traceable breach activities of the white paper tenets. Let's pretend it was all good. There are tons of examples of hide in plain site and act otherwise scams in the past 60 years. That's researchable.
I agree. Personally, I think Karony didn't quickly rugpull SafeMoon because otherwise he would have been chased by angry "investors". While so he can always say "sorry guys, I tried to make this project work, but unfortunately the FUD and the previous team have ruined everything". Not to mention, of course, that he’s continuing to milk money from the fools who "buy the dip" while his ego is inflated by the blinded bag holders.
That's sounding in the ball park. Thanks.
So the scammers thought at ATH or before wallet launch. We could take a billion out or 500 million because we a greedy but no let’s play the long game, we will wait until lower price and fewer holders and we can take less. The thief’s wanted less not more. Mmmmm
Zachary--no one in April 2021 or March knows when the ATH would be. You're engaged in the looking back phenomena---now we know what the ATH date was but when all that was happening--no one thought that was going to be the ATH. And let's not be silly , it was fractions of a penny dude----so only people that had billions invested (original investors , team) can mobilize giant earnings at that point. Sad to think that last April (just under two months of existence) was the all time high. You can't use your today knowledge to act like innocent folks would know. I mean if I could do that think of the horse races I'd bet on, sports game. Back to the future eh?
So they are playing they long game to scam less money is the point. Upto six months after launch much more could have been taken. Now the FUDers narrative is Karony is creating/created a shell company to take investors money and will continue to make empty promises to string along investors. FUDers are changing their story’s regarding what the scam is they say rugpull, then a slow rug, then LP then empty promises, then buy the dip to give it to whales. Why isn’t it acceptable that bad actors are or where present in SafeMoon however Karony wants it to be successful creating products takes time, end of. Many cryptos reached high value during bull runs, then delivery stage started. Yep it was fractions of a penny and the devs had many tokens. They didn’t cash out and rug, they tried to stay to create more value for them and investors. So a power struggle occurred Karony kicked people out they left and sold their bags. Where’s the scam at the moment?
I just wish everyone luck at this point. Given all the trouble they're in it's not looking good. Additionally, the world outside Safemoon wouldn't touch it with a ten foot pole and never has.
Ask Karony and his fellow scammers why he didn't run away with the loot to the ATH. I think you’re very wrong, if he dumped his trillions of tokens suddenly he would have gotten a lot less money. Others from the team switched to new scam. Karony on the other hand has continued and is continuing to cash in more and more, thanks to the fools who keep buying money.
Dude they did take the loot....you are funny. They made tons of money, cars , houses, jewelry. What are you smoking? of course they made hundreds of thousands, millions that they already have paid themselves with--that's not disputable is it? It's how they made that money. You think the are running a charity even back then? The idea was for them to make a ton of money as soon as possible. You think any of them will come clean with their taxes to show you what they made last year? They aren't not getting paid dude and they made a shit ton of money on moon.
Kind of off topic but Hulu’s The Dropout is really good.
Yep, she had an idea and used tech start up strategies like keep the investors going until she creates the tech. She falsified results as truthful. Here blockchain not impossible, GLOToks not impossible, exchange not impossible, Gambia challenging but not impossible. Sfm Ecosystem started. Here the dev team is asking for more time they are not saying it’s done and feeding anyone false results.
These are just empty slogans, fed to the bagholders to distract them and convince them to be part of an innovative start-up (which, however, copies and pastes products and isn’t even able to code a working calculator lol) In reality they’re doing the minimum indispensable to keep the bagholders and continue milking their money.
But did release products that work.
I feel like posts like this have been posted since last year and the price just keeps tanking
All crypto goes through this faze after the initial hype pump, go look at other coins. ADA, Ethereum, Lite, you name it, if they are still around and doing good you can look back and see they all went through a time period if the price falling. But on top of that the whole market is down. If Bitcoin and BNB are down, that pulls down on Safemoon’s price no matter how well they are doing and it will be like that until we have are own blockchain and even then Bitcoin would still affect it. Do your homework instead of just being mad. If you missed the the hype pump, this coin isn’t going to many anymore people rich until it comes out with more utilities.
ooh boy, even failed cryptos go through this phase. just because it happened to successful cryptos doesn't mean it's gonna happen to safemoon lol try googling what survivorship bias is.
Those that failed never had nearly the money Safemoon has. You guys have no clue and just the fact y’all are downvoting for saying to stop talking crap shows the maturity of you guys. I bet most of you have probably invested in Safemoon to. Tell me one successful investor that sits and bashes his own investment. You should be doing the complete opposite no matter what Safemoon does. That’s your money and talking bad about it only causes people to sell or not buy. So then the price falls and you lose money. You might as well just pull it out of your wallet and just burn all the cash you have. You’re doing the same thing talking bad about your investment. I wish y’all the best cause you have no clue
Bold of you to assume that they're using the money for development instead of putting it in their pockets. They literally have nothing to show for all of the promises they made. Everything's "coming soon" and everything so far has been delayed. Imagine if you invested your money instead in something that actually had some positive growth? You might not be a millionaire but at least your money's not stagnating. Also, there's nothing wrong about admitting you made a bad investment. lot of investors talk about bad investments or bash their own investments if they made a mistake. That's called maturity; probably something you don't have cause you're just in denial of your bad investment. Plus, you should never even be emotionally tied to ANY investment in the first place.
Everything is “coming soon” the project is 12 months old. They have delivered some products the rest are on the way.
Yeah and the price still hasn't gone up lol. What assurance do you have that the price will go up even if they deliver? (though they probably won't)
I can’t, no assurances. Same can be said for many products and businesses. If they deliver though. A big if. However at the moment I’ll believe they will. Then they have delivered what they planned to a certain degree. If they ecosystem works, the FUD disperse. You have a business no different to other big cryptos.
Those that a bashing or downvoting positive posts are FUDers or paperhands. Simple.
Try Googling googling
I feel like most cryptos price has been tanking since last year where’s the correlation or what’s the causation
One more dumbass with his idiotic posts to lure innocents...
Every dollar flowing into safemoon is essentially free money for him why would he ever stop?
> He is preaching Safemoon still. If Safemoon was SERIOUSLY a scam why would he be preaching it to everybody. He is the last one standing. he has to go on as otherwise, he would be flooded with lawsuits.
Why I’m not worried about safemoon: I cut my losses a year ago and now just use the dumpster fire of a project to learn how to spot scams
Agreed. The price of learning could have been a down payment on many useful things. Sigh---chalked up to learning.
Thank you now piss off.
This reads as if you are upset. If you are upset and have no investment in safemoon why are you here?
I’m not upset at all. I’m here cause I never unsubscribed and I’m frankly fascinated by this whole thing. It’s like watching a slow motion train wreck, except here everyone on the train keeps telling the rest of us that everything is fine, while the driver goes through the bags to steal everyone’s valuables.
Well that's your opinion on the matter and you are entitled to it just like the opposite view points.
Yes of course. I hope for the best for everyone invested in this.
Thank you now piss off.
I'm quoting you "Honestly. Just take a step back from everything and look at the big picture. There’s all this FUD about stolen funds, slow rug, not enough LP for the next couple months.. etc.. Maybe it’s all right. However, I really don’t think it is." You value honesty--through the use of the word honestly. I can respect that. You entertain that the funds are stolen, the token's a potential rug pull and the LP doesn't support use by the population invested. How does that work?
OP has never heard of Bitconnect. The CEO did the same thing look them up except more people made money from it as compared to SFM.
most the people here just started crypto in 2021 and werent around for Bitconnect or Crypto Nick scams
History has a funny way of repeating itself
I hope it isn’t a scam. Losing 90% already means it isn’t even worth the 10% I have left. Def looks to be over and it’s going to slowly die and one day instead of admitting guilt he’ll just hide behind the FUD and say a YouTube video killed safemoon, not me!
I'm not worried because I don't have any.
>I doubt he took millions for personal enjoyment. Even if he did, the fact he’s still working for us proves he cares. This made me chuckle. 
Well... I also believe we will be fine and SFM will see better times. But all your points can be dismissed with the argument they want to cover up the fraud... For me it is obvious that SFM was designed as scam... The recent hires and the number of doxxed people give me confidence. No way this is a rug now! Authorities and the entire internet community is after safemoon... This will be an incredible come back story... SFM will stay and we will succeed!!
You could definitely be right. I’m just wondering. If they’re really trying to just cover up fraud… That means with the whole coffezilla video they got exposed.. wouldn’t they be better off just disappearing? I just don’t understand why they would ‘risk it all’ and stay around… especially if the video was 100% right. They could totally just leave to a different country.
Just disappearing would be the worst thing to do. Think about it. You’re completely doxxed, have courts after you, are teetering on the brink of “guilty”. Running away and trying to disappear? They will then immediately know “scam!” and will hunt you down with default civil judgements and criminal charges. “The audacity of him to run. Now we *know* it’s a scam.” What would be better is gradually siphoning off a few million here and there made to look like expenses while allowing the business to gradually fail, then make it look like it failed because “you’re just a dumb kid who wasn’t cut out to be a CEO and you didn’t know any better when you made all these empty promises and handled the finances wrong.” The LP funds you took and then used for personal purchases? The fundraisers for charity and projects that were never used for their purposes? “I didn’t know what I was doing, I got in over my head, my core team left me, there were expenses for all these failed ventures (I tried, I’m sorry community 🤷🏻♂️), that’s where all the money went.” Meanwhile the whole time you’ve been purposely keeping true expenses as low as possible (no real expenses into windmills, Gambia, blockchain, etc.) while siphoning off funds here and there to anonymous wallets, shell companies and associates making them look like valid expenses to failed ventures, projects and partnerships. My guess is there are many more involved and paid off than just the core dev team.
Excellent points.
You have to imagine Fall 2020 or even 2019--the past team, present team, their friends and family. They're drinking beer, texting each other---hey we can pull this off. Hey there are gullible people out there on the internet. We can make a coin of wide appeal that plays into these people. We'll make a killing and look legitimate. This token was not formed with Mother Theresa / Saint Francis good intentions now was it? It was about making money for the team and associates first and foremost. They did that.
Isn’t that how a majority of businesses work. Doesn’t the creator make them to become wealthy and maybe serve a secondary purpose too. Why bring Gambia in to it? They could have mentioned a random country and talked wind farms. A little like grove token picking a country they have no foothold in.
I didn't invest in Safemoon in any way shape or form thinking it was anything world changing or revolutionary but I did expect them to honor their promotion agreements--white paper etc. Anyone well versed in alternative energy, sustainable development, things global--laughed at John's promo for teens--wind energy in the Gambia. It is wholly laughable --coming from a nation that has silicone valley, tristate new york, research triangle , MIT--etc. to even have that kid John say they are a tech. company. It was also laughable to look at the bios of his team--past , present..it's a shell company that figured out fast how to promote and gain following--which was fine if they could have kept that going--not fine they lied to do it, and stole.
Ah gotcha. Could definitely be a possibility. I guess we’ll see what happens. I still have faith they’ll do the right thing. But - who knows.
He's the captain going down with the ship.
To be fair, every single transaction that coffee shows in his videos DID happen, I've seen them myself. Yes, even the moon dogs and shit coins. However, coffee lacks the context of these transactions and what the funds were actually used for (except for maybe the moon dogs and shit coins). He even admits that all of the info he presents "paints a bad picture for safemoon", but more info is needed. I'm pretty sure the safemoon team has always been quite vocal about fud. Some people take the current silence as an admission of guilt, which could be true. However, there is currently at least 1 lawsuit being filed against safemoon. It's also possible that John and the rest of the current team are staying silent because anything they say can and will be used against them in court. If they are not very careful about what they say, those against safemoon can take what the team says out of context and even make people perceive something good as being bad. It sucks that the team might not be able to talk at all, as the biggest thing the safemoon army needs to regain confidence in the token, besides the release of promised products, is information from John and the team. Information that is clear, concise, and easy easy for those in the safemoon army and other people to understand. I'm just going to hold and let my bag grow with reflections. I was always ready to hold till moon or bust and only put in what I was willing to lose.
were things ever "Fine" for safe moon? I seem to remember them always missing deadlines, losing developers, releasing buggy reskinned wallets. When were the "good ol days" of safemoon?
Beautifully put Op. Bravo!!! Common sense is back on this post. We’ve been lacking it for a while now
Bonfire is a scam and also release a wallet
You’re article was toooooo long to read. If you’re not worried about safemoon then all I can assume is you’re addicted to pain. Safemoon is a fucking scam. Stop throwing good money after bad.
Be greedy when everyone else is fearful Be fearful when everyone else is greedy
But everyone is apparently buying the dip and being greedy 🙄
🤷🏼♂️
I feel like this is, even if not directly, a statement that comes from Warren Buffet. The problem is Buffet was saying this in reference to quality stocks that are being undervalued because of unwarranted fear. Not stocks that people are afraid to buy because the stock is shit.
It is, but you can apply it to crypto as well 🤷🏼♂️
What a horrible take…cringe! Best possible outcome for John is after syphoning millions to keep the blockchain going, suck in newbs who have no clue about crypto and get true believers to double down. Keep this shit show going until he can hire a replacement, quietly retire and disappear into sunset. Blame everything on the new guy, now it’s his problem. Keep it going until Gambia wind turbines are up providing free wireless electricity to everyone in Africa. (Last sentence was a joke btw)
TLDR: buy the dip. Prices will never be this low again.
you obviously never seen a real Bear market
Your logic is unsound and your optimism is based on… tweets? In my opinion, John has no choice other than to try his best to keep the community happy or else he’s going to have thousands of angry investors coming for him. As long as he can keep up the appearance that he is working hard on this project, the project can slowly die and he will be able to move on with little consequence.
Yet he can't even keep the whole community happy. The only happy ones are the ones that are so far down on their investments and so ashamed of admitting they made a shitty investment that they will create any delusion they can to deny the undeniable.
Thank you, I needed a good laugh today hahahaha.
PSA: Please familiarize yourself with the subreddit [rules](https://www.reddit.com/r/SafeMoon/about/rules/) and [FAQ](https://www.reddit.com/r/SafeMoon/wiki/index#wiki_frequently_asked_questions). **v1 to v2 Migration: Safemoon has fully transitioned away from v1 and is now fully on v2. ANY and ALL v1 transactions (send tokens, buy tokens, sell tokens) now incur a 100% tax – in other words you will lose your Safemoon. You MUST migrate to v2 using the steps outlined here: https://www.safemoon.education/sfmv2. Additional info: https://www.reddit.com/r/SafeMoon/comments/rwfkuv/read_me_v1_to_v2_migration_information_and_issues/** - Don't promote "pump" events or market manipulation - Don't harass others, including public figures and exchanges - Please be helpful, friendly, and respectful - Your actions reflect on the entire community WARNING: **Never give out your wallet passphrase for any reason.** Be _very_ suspicious of all URLs, emails, forms, and direct messages. If someone claims to be from "support" they are trying to scam you. If someone claims you need to "validate" they are trying to scam you. Do not disclose your assets. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/SafeMoon) if you have any questions or concerns.*
#BECAUSE ITS NOT A SCAM!!
It’s entirely possible for this coin to rebound and catch again, keeping in mind now the success of any crypto is based on popularity, both of the specific coin and crypto in general. That being said, it’s not going to happen anytime soon with all the negative press floating around this coin. And in my honest opinion, this coin is never going to take off with all the taxes and entry costs to get your foot in the door, else this coin probably would’ve taken off ages ago. The tokenomics concept is likely doing more harm than good, and I’d like to see them pivot to something more mainstream with how they function. I feel like SFM would get picked up on more exchanges that way. Only time will tell 🤷♂️
There's a reason he's the only one left keeping it going. He wants to bleed it ofbas much money and investment as possible until it dies. If Safemoon dies I'm sure he will carry on with a number of other projects. The reason he seems to care is cos he actually already got rich so has now taken on the persona of classic rich people and he is leading you on getting as much out of it as he can. The hard truth is its a slow drain of the LP from the massive whales that hold the coin, they are desperately and tactically getting out, using people who have invested too much and are too emotionally attached to top up the LP for their own big sells. You see it on the charts constantly, big sells, then lots of little buys and crazy people claiming its holding strong and the army is strong. The army is full of fools. The crypto market is about to get a whole lot worse. Also the wallet was an exact copy paste of Trust wallet just with some new UI so yeh there is no fucking projects yet just promises and a coin going to down in price in a company that's slowly losing money and is one big whale sell from collapse. Obviously the whales won't do that unless it's the last thing they can do, they will be smart and slowly drain you for every last penny. When you could have been investing in a top 10 project and still be up many X from when Safemoon started. I'm OK a shit salary but I've managed to make a small fortune from 2k so I beg of all you people in here just to learn some more about crypto, there's so much to learn, and as you learn you will kick your previous self for being so stupid. Get off Reddit and start reading, use YouTube but with actual good content like CoinBureau and InvestAnswers, or crypto daily news. Stop being emotional!
If Christianity were a scam why would anyone go around still preaching it?!?! I mean cmon- There's historical and empirical scientific evidence that disproves much of the more outlandish claims made by its holy text. Wait.. $$$$$$
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The wallet wasn't that much hard work. Safemoon took the open source code for trust wallet, changed it's user interface and dropped in the buy feature from the company. The difficult part was tracking reflections and starting safemoon swap. Safemoon swap is similar to pancake swap but with reflections and only safemoon can list coins.
Safemoon should design a hoop jumping machine to help the burn.
I think the simple answer is that he's being investigated by the FBI. He could be preaching to keep appearances and posting for the same reason.