Recently a teenager livestreamed the creation of a memecoin cryptocurrency called $Quant and enticed a number of people to invest after the coin was traded. It wasn’t long thereafter that the teen rug-pulled the crypto, flipped-off his audience, and profited nearly $30K.
‘Lookonchain reports that Griffin subsequently created another two tokens called LUCY and SORRY. Despite the SORRY token appearing to be an attempt at an apology for his previous scheme, he proceeded to dump his holdings again, making a further $24,000,’ Protos reported.
Many people did not take too kindly to this, naturally, and so as word of the scam spread many more investors bought in out of spite to push the value of the coin significantly, at one point reaching $80 million in value.
The kid and his entire family are being doxxed on the internet because of his scams.
Stephen Findeisen (a.k.a. “Coffeezilla”) and Lessons in Meme Culture provide more and better details of the scam, and what this says about society as a whole. Though it is being underreported, this teen is not pocketing all this money because the platform he and others used takes a decent cut of the money.
AUTHOR COMMENTARY
Proverbs 28:20 A faithful man shall abound with blessings: but he that maketh haste to be rich shall not be innocent. [22] He that hasteth to be rich hath an evil eye, and considereth not that poverty shall come upon him.
Get rich quick scams and pump & dumps are nothing new in the slightest; but the fact that a cocky punk kid had it put it in his head to do this for quick cash and glory and says how far society continues to fall; and the worst part being that there were thousands of grown adults who STILL laid caution to the wind – knowing full and well good at this point about crypto scams – and let their greed take a chance for quick cash (that is going to be taxed), speaks to the never-ending lowbrow degeneracy society continues to stoop to.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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Lousy little punk! He won’t be found innocent as the verse says in Proverbs 28:20, and for sure he’ll squander his ill-gotten gains and foolishly spend every penny of it in mere days until his balance is in the negatives below zero.
11 Wealth gotten by vanity shall be diminished: but he that gathereth by labour shall increase.
Proverbs 13:11
Proverbs 11:4 Riches profit not in the day of wrath: but righteousness delivereth from death.
Juvenile criminal brat.
exactly how and why the mark of the beast system fails. They corrupted themselves and taught others their schemes & cons & control over God’s creation , resulting in uncontrollable monsters that will now live to tear down all their wealth & systems …. All because they rejected the good & righteous word of God.
God is letting them have it. It’s started already and it’ll get worse for them and their families. The word of God is sharper than any two-edged sword.
Even so, come, Lord Jesus !
It’s sad to see the state of mankind it seems everyone wants the easy money tech online life rather than getting saved and going to heaven. Smh
I just mentioned this degenerating condition of people’s heads to you a few days ago (with a more direct, blunt but apt word) and lo, here’s one of too many proofs of this. Not surprising.
Not saying I’m giving up planting seeds, but sometimes this fact is why I don’t bother with some folks anymore—casting pearls before swine—, and try to choose more carefully which ones might be open-minded, a trait that’s diminishing rapidly. Otherwise, time and energy will just be wasted.
As for that kid, if he doesn’t get proper chastisement from his parents, you have another con man like Elon Musk in the making.
I have not given up but I am more selective. I usually have to small talk with them to get a gist of their headspace first rather than do cold approaches.