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YouTube channel “TechLead” creator has created a crypto and pulled the rug

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Re: YouTube channel “TechLead” creator has created a crypto and pulled the rug

#11

Anyone who's always speaking "as a millionaire" isn't someone I'd listen to.

His channel is satire.

The problem I have with it is the extreme deadpan delivery, the arrogance and closeness to reality.

Obviously he’s playing a character; but I wish I didn’t get so much of a “this is serious” vibe.

Re: YouTube channel “TechLead” creator has created a crypto and pulled the rug

#13

Not familiar with his crypto hustle, but I watched some Martin Kleppman talks on YouTube, and Tech Lead commercials started devouring my YouTube. The algorithm mistook me for not knowing how to code? Not sure. Apparently this tech lead guy created programming videos to teach you how to get hired at big tech companies. It turned out the partner guy in the videos wasn’t even a developer but had maybe interned somewhere…

[deleted]

Re: YouTube channel “TechLead” creator has created a crypto and pulled the rug

#14

There are a TON of influencers pump and dumping crypto. Where’s the SEC?

The question is are cryptocurrencies securities?

There have been ICOs which definitely have been represented as securities and have been regulated/quashed/fined.

But when not used as a representation of ownership of currencies or assets... what is a cryptocurrency and does it fit into existing law about securities fraud?

Another way to ask the question: should the SEC regulate pump and dump schemes with collectables? (I'd say beanie babies and pokemon cards to date myself, I don't know what people are speculating on these days)

Re: YouTube channel “TechLead” creator has created a crypto and pulled the rug

#16
As I said 3 days ago, when he announced it

  "If you were to sell 0.001 token for $1.00, you'd then have a Billion Dollar Valuation.    ;-)

  This reminds me of a stock market simulation in my Econ 102 class. With a fellow student, we picked a few stocks, and sold them to each other for a very low price, and then bought all of them up as the other students watched the trends. We repeated this for 1/2 of the stocks in the simulation. We then sold each other 1 share of those stocks for $99.99 (the maximum price in the simulation), and ended up with almost all the money. 8)

  The professor thought we must have hacked the computer, but we played by the rules."
It is obvious that all the new cryptocurrencies are just like that econ 102 class simulation, and just as vulnerable to gaming, but this time with real money.

Re: YouTube channel “TechLead” creator has created a crypto and pulled the rug

#17

There are a TON of influencers pump and dumping crypto. Where’s the SEC?

wasnt crypto's entire usp its decentralized nature? No Fed,SEC or other centralized body that would breathe down your neck. People didnt want these institutions controlling thir assets, i guess the obvious downside of no regulatory support when things go wrong should be part of the risk one takes when investing in crypto.

Re: YouTube channel “TechLead” creator has created a crypto and pulled the rug

#18
Highly recommend CoffeeZilla (Youtube): https://www.youtube.com/channel/UCFQMnBA3CS502aghlcr0_aw

He has a very good video recently on a scam being run by influencers and provides some pretty damning evidence: https://www.youtube.com/watch?v=Kv6ne6VQCZI

Re: YouTube channel “TechLead” creator has created a crypto and pulled the rug

#20
post #11

Anyone who's always speaking "as a millionaire" isn't someone I'd listen to.

His channel is satire. The problem I have with it is the extreme deadpan delivery, the arrogance and closeness to reality. Obviously he’s playing a character; but I wish I didn’t get so much of a “this is serious” vibe.

That’s the danger of being good at deadpan delivery.
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