Posts about Safemoon
As an update from the last post, we saw a Safemoon company in Lithuania being liquidated. The maps showed the company building to be a shack of shorts.
https:/np.reddit.com/r/CryptoCurrency/comments/133mith/internal_documents_currently_show_safemoon/
As as update, we see John Baloney once again raising chaos. It’s unclear if Baloney just doesn’t care or has slipped up but here is what he had to say to a
Let me explain.
The investor was under the false assumption that owning the Safemoon token meant they had some stake in the Safemoon company. And before you ask, no, as usual, nobody really knows what Safemoon company does. What we do know is this.
Baloney and team takes a bunch of the funds generated through Safemoon activities and puts it into the Safemoon company. The company is supposed to generate value such as through products and services to investors, but well…we’re still waiting for that part.
Investors commented on the news:
(I always leave out usernames. They’ve suffered enough)
And we still don’t know what the Safemoon company of Lithuania apparently being liquidated means on top of this. But at least investors are seeing the light, though it’s far too late.
Well, I really didn't expect to be doing two Safemoon posts in a day but they just keep this stuff coming. Here goes.
A self-identified 'Safemoon insider' came forward and made known documents of the Safemoon company. The documents showed that the company is currently under liquidation. There was no prior disclosed information about this liquidation anywhere at anytime to investors or any Safemoon media channel.
The address information is the following:
Eišiškių Sodų 18-oji g. 11, LT-02194, VILNIUS
Telefonas:
+370 (652) 25888
Kodas:( company code)
305940360
And for a visual:
In addition, there are Lithuanian documents from Central Registry that show the company under liquidation.
John Baloney of course came out and gives his usual dribble, something about there being a "coincidence" and there being two companies, and this being "standard stuff:
Sigh.
As a recap, Safemoon has three fees:
100% transfer tax on V1
10% buy/sell fee on V2
2% transfer fee on V2
Safemoon has dropped the 10% fee to 1% which has Safemoon users happy. This is yet another example of how you can trap investors in a scheme and slow rug them, all the while having them happy about it. A 1% buy/sell fee is still overly excessive and shouldn't even exist at all.
On the news of the exchange, u/crownpoly posted John Baloney said it would take 6-8 more months after the initial announcement 2 years ago. This is of course, just one of MANY in a long list of promises to investors still unfulfilled since the start of Safemoon in 2021.
Upon the news, some 'investors'(terms used very loosely) have bought Safemoon and the price has went up near 100%. And the "Safemoon Army" celebrates. Once again, this is how deceptive and psychologically trapping a slow rug sh*tcoin can be because even with those "big gains", the majority of 'investors' are down 97-98% between V1 and V2. You see, when you lose big you have to recover a lot more than you lost just to breakeven. Prices may have been up 90+%, but it's only up 90+% on the 1-3% 'investors' had left after already loosing 97-99%. But yet they celebrate, once again seeing this as a "new beginning" or "restarst" after going through this countless times before as the price pumped than dumped even lower than before.
There have however been some "voices of reason":
Once again, it just goes to show how easily emotions can be manipulated. Even if people know they were being cheated and manipulated. All you have to do is abuse them less to be happy. Being up 60% is great, but only if you haven't already lost almost everything already. Sometimes it's also best just to know when to cut your losses. Also, not legal advice, but most of the 100x potential alts you are looking for happen to turn out very similar to this.
Safemoon CEO John Karony announced this morning of his arrival in DC to speak with congress to advise on establishing a "thriving blockchain industry in the US". Lets talk pros cons and potential theories for as to why this is a possible truth and how it would hurt us.
https://twitter.com/CptHodl/status/1651183839685881857?t=BcGReQ2ImnjgW0jTpQC7vw&s=19
My first thought when seeing this:
"How in gods name did this happen?.. This narcissistic script kiddy scammer, who doesn't know the difference between BEP2 and BEP20, much less what a blockchain is or how it works, is potentially recognized by congress as someone competent enough to aid in regulatory framework???"
Thinking a bit further into this, some good may come of this, but not much. Firstly, I believe this is hyperbole. I don't believe he was requested directly. I believe through the potential connections of a congressional candidate, January Walker (https://twitter.com/UtahPolitician?t=yvY8p7jiv1iZJM0n0FkLUQ&s=09) or his parents, someone may have opened a door and he's taking the opportunity, if it's even true.
Now what I find good about this. It places him at the forefront of powerful people. People with strong connections to federal regulators that can finally nail this project to the wall for all of its failures and misgivings that have hurt the industry and project investors. It puts him in the scope of authorities that he may have been unrecognized by up to this point.
What's unbelievable to me, is that after everything, he has yet to understand how out of depth he is by involving putting himself in this situation. Everyone outside of the cult sees straight through his obviously fake character he portrays each time he's made a public appearance. He's totally inept at hiding it even more lately, even with all of his experience in manipulation and deflection in recent months. Congression members of HFSC will surely see through it, having met with real advisory counsel on matters relating to regulation and blockchain potential. Surely this kid will give them Scary Gary vibes and they'll see him for what he is.
Perhaps this could put him between a rock in a hard place, perhaps this is entrapment and congress is fully aware of Safemoons reputation. Perhaps this whole thing is just more Karony hyperbole and it isn't what it sounds like.
What are your thoughts.
Post Edit:
False alarm fellas!
Basically his tweet translates to "I'm attending a Bitcoin conference as general admission"
https://www.btcpolicysummit.org/?s=09
You can pull up the list of Speakers attending this conference. HE AIN'T ONE OF EM 🤣🤣🤣
Theft of $270m LP money - totally cool.
2 years of missed deadlines - no problem it’s a 5 year hold!
Lies about upcoming releases - just growing pains
Every single member of staff leaving - all startups do this
Evidence of John using investor funds for lavish purchases - he needs to look like a successful CEO
Uploading a new Safemoon contract with a bug that results in the whole LP being stolen - hey, it was an honest mistake
Add a $4/mo subscription to Johns twitter page - HOLD UP A MINUTE!!
Yes, really, this is the straw that has broken the camels back.
Since enabling a checkmark on his Twitter, some of his most ardent and clueless followers are complaining, and Safemoon is plunging down to $0.00016 despite being $0.0002 just one week ago.
This comes after John told everyone on Discord that even though they invested on Safemoon, they aren’t investors.
So not-investor’s not-investment is down 25% in a week while the rest of the market simmers off from Bitcoin’s good run up to 30k.
Take a look at this maxi who is really upset. The comments are virtually unanimous. The “army” is very upset with this.