YouTube channel “TechLead” creator has created a crypto and pulled the rug • Hacker News Board

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

#91

Post by Lammy » Mon, Jul 05, 2021, 7:16 AM UTC

ozzythecat wrote: post #8

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…

I never enjoyed TechLead's main channel content but respected him (and still do) for covering the 2019 employee suicide at Facebook when they tried to sweep it under the rug: https://www.youtube.com/watch?v=VbEQriZEfoI

Backstory: an H-1B Facebook Ads-team employee was on a PIP, was denied internal transfer, and had a SEV follow-up task he was called to present at a SEV Review. I don't have any first-hand knowledge of pressure-levels within Ads, but considering that's where the money comes from I assume it's pretty high. He tried to request more time, but a task nagbot kept changing the task "due date" back any time he tried to adjust it. He never made it to that SEV Review #JusticeForQin

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

#92

Post by Kiro » Mon, Jul 05, 2021, 7:17 AM UTC

After watching his videos on this, it's pretty obvious to me that he created the coin as a joke/satire to show the absurdity. Yet most comments are talking seriously about this and comparing it to actual pump'n'dump scams. What's the deal?

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

#93

Post by jhanschoo » Mon, Jul 05, 2021, 7:17 AM UTC

jbverschoor wrote: post #83

The MM coin is clearly launched as a joke and to inform about how he created it. I like his channel.. been following him for quite a while, and I mostly agree with the things he says. He makes it sound like it's all a joke or made up, but it's really not.

I like a good bit of his content, but this is not the first time he got implicated in shady stuff. https://www.reddit.com/r/cscareerquestions/comments/kmqirv/t...

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

#94

Post by thinkloop » Mon, Jul 05, 2021, 7:19 AM UTC

pengwing wrote: post #68

I want to assess this situation by facts and not by sentiments for or against TechLead. Could someone please help me understand some facts: - The reddit post only provides an etherscan link to the transaction in which he adds liquidity. Where did he remove liquidity? - Permanent removal of liquidity clearly breaks the promise of 1MM for at least 1 USDC. But a temporary removal does not, correct? - As long as more peo…

> I flat out don't understand the "selling without selling" part.

He HODLS 1M in his wallet in solidarity with the community to show he is not selling, but simultaneously secretly sells inflation to profit the same - is what the author is claiming.

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

#95

Post by dvfjsdhgfv » Mon, Jul 05, 2021, 7:19 AM UTC

Frankly, I don't understand why this is on the front page of HN. It's TechLead, it's enough to look at the title of his videos "I MADE A $1,000,000+ COIN. Introducing MILLION TOKEN, the cryptocurrency for millionaires" to understand it's a joke. Everything he is doing is a kind of weird humor, and this one is not an exception.

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

#96

Post by exdsq » Mon, Jul 05, 2021, 7:20 AM UTC

ozzythecat wrote: post #8

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…

Narcissist sociopath. I'm a huge fan of dry humor (and British) so should be able to read sarcasm or dry humor but he just annoys me. Putting "as a millioaire" in video titles is the most crass thing I've seen.

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

#97

Post by miohtama » Mon, Jul 05, 2021, 7:20 AM UTC

Kiro wrote: post #92

After watching his videos on this, it's pretty obvious to me that he created the coin as a joke/satire to show the absurdity. Yet most comments are talking seriously about this and comparing it to actual pump'n'dump scams. What's the deal?

Correct. No human person would buy this is an investment. If someone buys they are buying a lottery ticket and gambling against other crypto gamblers. I do think that using word scam warrants that someone is being lied in some point.

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

#98

Post by teekert » Mon, Jul 05, 2021, 7:20 AM UTC

mikewarot wrote: post #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 si…

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."

Isn't the whole stock market? I always wondered, they call these companies "billion dollar companies", but does that take into account the order book and how steep sorted order prices drop of?

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

#99

Post by jbverschoor » Mon, Jul 05, 2021, 7:24 AM UTC

young_unixer wrote: post #78

This dude is funny as shit, he could well be a character in the Silicon Valley TV series. The fact that he is being serious half of the time makes it funnier, IMO.

He's funny, and he speaks the truth most of the time.. Many people think he's only joking

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

#100

Post by mola » Mon, Jul 05, 2021, 7:28 AM UTC

thaumasiotes wrote: post #62

mikewarot wrote: post #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 si…

I have a question: > 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. I can see how you could use this strategy to exchange a fairly low amount of money for these stocks. But that would mean you have less money than you started with, and more stock. > We then sold…

You go to the bank leverage your amazing portfolio, now you have real money. And when everything comes crushing down, you're too big to fall, so the govt/banks bail you out.

Amazing system we got.