Prediction, part 2: a couple of years in, with over 90% of the #Fediverse on #Facebook servers, the company guess for the #rugPull, either on bogus technical claims on the protocol, or in the basis that “everybody is here anyway”. They defederate from everything. The Fediverse _idea_ loses momentum, participation falls back to diaspora* levels. Tankies explain to us that this was due to #ActivityPub not being good enough and not due to Facebook killing it because it was a real threat.

19/

The rest of history. The #XMPP protocol at the time has some glaring inadequacies in some areas, so it had to be extended to cover those use cases. Instead of working with the community at large to converge towards common extensions for logging, device switching, audio/video and conference calls, #Facebook and #Google went with the classic #rugPull, first by defederating their servers (lock users in) and then by switching out of the protocol altogether.

14/

Anyone that thought it was unrealistic that Charlie Brown repeatedly fell for Lucy's football holds should look at the audience that follows every new #crypto coin and #nft project.

A #rugpull should be renamed to a "Lucy".

As tech giants reach terminal #enshittification, hollowed out to the point where they are barely able to keep their end-users or business customers locked in, the capital classes are ready for the final #rugpull, where all the value is transfered from people who make things for a living to people who own things for a living.

1/

Literally LOL 😂 at this. Who would have really thought this token was legitimate? #Crypto #RugPull https://www.rollingstone.com/politics/politics-news/steve-bannon-maga-crypto-coin-collapse-boris-epshteyn-investors-1234685593/

Logan Paul sta ora affrontando un'azione legale collettiva per il suo progetto CryptoZoo, un gioco NFT pianificato per il quale Paul apparentemente ha perso interesse e abbandonato - dopo aver approfittato profumatamente, ovviamente, dei suoi fan che hanno investito milioni nel progetto.
L'inves...
https://parliamodi.news/detail/10241.html
#05Febbraio #threats #rugpull #lawsuit

When you don't own a seat at the table as a user and the means to easily move of #platforms you should expect a #rugpull any time.

The (#opensource, #opendata) #digitalcommons are beset with similar stories, where #community trust is violated for a quick buck.

Volunteers should stand up and demand transparent #license agreements and #interoperability whenever contributing to a "free" platform.

https://arstechnica.com/tech-policy/2023/01/the-flight-tracker-that-powered-elonjet-has-taken-a-left-turn/

I am 61 years old and I do not currently have confidence that #socialsecurity will be there for me when I retire on a few years.
I fully expect for there to be a "deal" to #rugpull it for those that are not receiving benefits as of the end of 2024.

#Gamers were right to be worried. Giant companies love to #rugpull their fans, tempting them into a commons with lofty promises of a system that we will all have a stake in, using the fans for unpaid creative labor, then #enclosing the fans' work and selling it back to them. It's a tale as old as #CDDB and #Disgracenote:

https://en.wikipedia.org/wiki/CDDB#History

3/

NFT vom Mutant Ape Planet: Franzose in New York verhaftet

Mit web3-Bingo soll Aurelien M. wertlose Bildchen verhökert haben. Die leeren Versprechen brachten ihm laut Anklage mehrere Millionen Dollar.

https://www.heise.de/news/NFT-vom-Mutant-Ape-Planet-Franzose-in-New-York-verhaftet-7453451.html?wt_mc=sm.red.ho.mastodon.mastodon.-.-

#Anklage #AurelienMichel #ESTA #Frankreich #Kriminalität #Kryptowährung #MutantApePlanet #NFT #RugPull #USA #VereinigteArabischeEmirate #Verhaftung #News

Defrost Finance fails to #rugpull

https://web3isgoinggreat.com/single/defrost-finance-fails-to-rug-pull

This must to be the most incompetent group of #scammers in the #crypto #market. They make Logan Paul look like a genius.

@web3isgreat On this day Crypto #RugPull has #JumpedTheShark

[Coffeezilla] trilogy investigates Logan Paul's biggest scam

Part 1 - Logan's new project
https://youtu.be/386p68_lDHA

Part 2 - Who's Eddie?
https://youtu.be/wvzyDg40-yw

Part 3 - The real victims
https://youtu.be/8-fugWMBwCg

#NFT #cryptocurrency #ZooTokens #RugPull #YouTube

At what point do we call this an #ElonMusk #Rugpull of retail #tesla #TSLA investors?

@signalapp not since you scrapped SMS and turned into just a tiny silo #rugPull

So NFT Bay does contain NFT's... and that shows an NFT isn't actually what people think it is when they buy one.

Super interesting video https://www.youtube.com/watch?v=i_VsgT5gfMc

If anything, heed the warning: an NFT is a treasure map that gives you no right to the treasure, but might irrevocably tie your name to things you don't want it to be tied to.

#rugpull

#typical #crypto #rugpull #scam who did it this time? #cnn ! In crypto #trust is everything. Once lost, lost forever.

https://www.cryptotimes.io/cnn-accused-of-nft-project-vaults-rug-pull/

(2/8) Shill my Rug: This song smells like #1989. Title for this #music track is about #crypto scams such as #rugpull for the most part.

Wack and Back: My usual classic cheesy #powermetal style, just with more #80s in it. Title is about #weed.

Crypto scammers are using black market identities to avoid detection: CertiK

https://cointelegraph.com/news/crypto-scammers-are-using-black-market-identities-to-avoid-detection-certik

#knowyourcustomer #investigation #cryptoproject #cryptoscams #blackmarket #darkmarket #verified #identity #kycactor #exitscam #kycscam #rugpull #certik #fraud #hack #kyc

I'm not touching any of this anytime soon.

#rugpull
#crypto
#etherium
#bitcoin
#apecoin
#dumbfuckjuice