Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

old.reddit.com

Post reply on HN
Print view View original

51–60 of 158 posts

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

#51

Post by chii »

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 can’t tell if this guy is trying to be a parody/using dry humor or if he’s a narcissist sociopath.

Art imitates life imitates art...

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

#52

Post by alephnan »

ma2rten wrote: post #36
tolbish wrote: post #30

Earlier quoted context omitted.

These are not incredibly hard traits to identify upon talking with people. The problem is when you willingly dance with the devil because of how much value he delivers.

I completely disagree I think that those people are extremely hard to identify, because they are able and willing to game the interview process. I also don't think that people like that deliver positive value to the company.

Maybe at systemic level it’s hard to train employees to identify, but I’d like to believe I have a decent intuition of assessing character ( this goes back to the problem of personal biases tho )

Obviously there are cultural differences, where an article that was trending on HackerNews was how Russians don’t smile as much.

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

#53

Post by jshen »

dijit wrote: post #38
ZephyrBlu wrote: post #23

Earlier quoted context omitted.

I would argue that the reason you get "this is serious" vibes is because he's actually more serious than satire. I really don't think he's playing a character. His videos have been like this for years, it's only in the last year or so that he's ramped up the "satire" content to a ridiculous level.

I genuinely struggled to understand if it was satire before. But given how often the words he’s chosen are deliberately sarcastic - or other situations where he would have the opportunity to save fact to make himself look better, but leans in to the character (for comedic effect I don’t doubt) makes me believe it must be satire. Like the numerous “this one tip” videos where he goes on and on about the tip and then it…

It’s not satire at all when you’re scamming people out of their money.

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

#55

Post by mikewarot »

ganafagol wrote: post #37
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…

> The professor thought we must have hacked the computer, but we played by the rules." Sounds like a terrible prof then. What is such a simulation supposed to teach if not that those kinds of attacks are possible? These are inherent in the construction of the system and your prof should have just given you cudos for having understood that.

It was the early 1980s, and someone had recently hacked the school's VAX system. It was a reasonable guess.

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

#56

Post by esrh »

jazzyjackson wrote: post #48
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…

Tai Lopez! “Here in my garage, just bought this new Lamborghini here. It’s fun to drive up here in the Hollywood hills. But you know what I like more than materialistic things? Knowledge. In fact, I’m a lot more proud of these seven new bookshelves that I had to get installed to hold two thousand new books that I bought. It’s like the billionaire Warren Buffett says, “the more you learn, the more you earn.””

If you think about it that video is really a masterclass in how to instantly capture advertising audience attention. I'm willing to bet that ad had magnitudes lower skip rates than 99% of other YouTube ads.

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

#57

Post by ElViajero »

Ecto5 wrote: post #17
donmcronald wrote: post #6

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.

> wasnt crypto's entire usp its decentralized nature? No Fed,SEC or other centralized body that would breathe down your neck.

I can plant tobacco and make "unregulated cigarretes" with the goal of not being regulated by any government. The goal is that you can smoke it anywhere, no regulations on its composition, and I can advertise it anywhere.

That does not matter, it is still regulated and I cannot unilaterally opt-out of government regulations. (Or I can, but that is a crime and is what crime organizations do).

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

#58

Post by colechristensen »

psyc wrote: post #28
colechristensen wrote: post #14

Earlier quoted context omitted.

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?…

A broader question in my mind is: can smart people create anything ingenious that escapes being coopted / subsumed by the establishment? Or, can such a thing survive popularity on its own terms? In the case of the Web, the answer clearly turned out to be a deafening No. Years ago, I had higher hopes for Bitcoin in this regard. Same for so called “censorship resistant decentralized platforms”. I spent years pondering…

Once you get popular enough, you become the establishment.

Once something becomes the lowest-common-denominator populist solution or the solution for the privileged, those use cases become "bad" because of value judgements of the people using them.

It's a kind of romanticism for rebellion, and with cryptos usually a broad misunderstanding of what money is, what it does, and how it works.

Indeed nothing can be the growing rebellious trend forever. It either wins and becomes the standard or dies failing to live up to whatever ideals it didn't actually have.

>can smart people create anything ingenious that escapes being coopted / subsumed by the establishment? Or, can such a thing survive popularity on its own terms?

No, everything has vulnerabilities that will be eventually exploited.

The American constitution and the many governments around the world inspired by it have done a pretty good job of avoiding a complete consumption (in ways that, for example, communism did not), in part by specifically designing not just to handle or avoid greed and control, but to use those characteristics of societies as a feature.

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

#59

Post by throwaway4good »

First of all: What is wrong with people?

Secondly. There is "no rug pull" whatever that means.

The coin is trading at 17 USD after being introduced at 1 USD less than a week ago:

https://info.uniswap.org/#/tokens/0x6b4c7a5e3f0b99fcd83e9c08...

The coin is described here:

https://milliontoken.org

TechLead is a satirical channel and a satirical character. And this is a satirical project.

The coin is worthless. It is 4 lines of original code. Basically just saying the supply is fixed at 1 mio tokens.

It was introduced via Uniswaps liquidity provider mechanism with a thousand USD or so in liquidity. This will buy back the coin at 1 USD as long as the liquidity provider is running.

Giving the coin a "market value" of 1 mio. USD even though it is of course absolutely worthless.

Seeing this the crypto community started to traded it - higher and higher - while the founder of course sells into it.

Post reply on HN