What exactly do you think Elephant is doing that will make it last in the long run? People are incentivized to hold the stuff and at 10% transaction tax, just not touch it let alone use it. That alone is a huge red flag.
@ActionChris the thing is pretty sure pushed by insiders and at some point hacked again, ruggedized, exploded call it what you will. Especially you as a bitcoiner should see that such a chart, such a transaction history is not even remotely sustainable. It is honestly too tricky for me now to completely backtrack where the rugg is in the whole but in principle is a huge point that you practically make a trunk and an elephant out of a BUSD - which in turn ensures a non-baked system - as long as the demand is there, it goes well when that falls away -boom-. There is certainly more behind it but I have no desire to read into something like that I just have to read through the chart roughly the system and the transaction history and see that will collapse.
@ActionChris as long as you make money, that's wonderful for you. I don't go into any project where I know that it will eventually go to 0 without warning. Or just 99% down.
@TradingMelone the founder is https://www.linkedin.com/in/tonyoncrypto ... he used to be CTO at Fidelity Investments ... since 2011 in BITCOIN ... he has no money worries ... the guy is a developer next level 😍 Check out the product - there are enough videos about it
@TradingMelone I am in crypto since 2016 - I know what a scam is - had enough 😅 ... This is not one ... Elephant Money will put down in my eyes still so some 100% ...
