Is the primary difference between affinity fraud and strong marketing that one rugs you and the other doesn't? How do you tell before the rug?
I would place the Jungle in 'strong marketing'. However, until the $Time rug, I cannot articulate why it falls into that category, but Frog Nation does not, based on my understanding of the criteria you laid out.
Premise 1: The Jungle is strong marketing (aka NOT affinity fraud)
Premise 2: affinity fraud criteria are 1) giving members special title or rank with which to identify themselves 2) putting a logo/symbol in their social media handle, 3) charismatic leader, and cult of personality
Test if the Jungle fits into the criteria listed:
1) giving members a special title or rank with which to identify themselves
turbo autists and/or bowtied
2) putting a logo / symbol in their social media handle
bowties in the handle, and in the PFP
3) charismatic leader and a cult of personality
Bull has charisma and strong marketing skills. The sticky phrases and themes could feed into cult of personality. TrollTuesday suggests power of personality.
Maybe there needs to be a 4th criterion: token from which they could profit. Even so, there's Synapse and JPEG'd. To emphasize, both are great projects that solve critical needs, but Bull and y'all are affiliated with them, so even that fails to distinguish.
Premise 1 contradicts Premise 2, so one of these must be incorrect. What aspect of the affinity fraud criteria that you laid out am I missing, or incorrectly applying? These criteria look easy to apply to projects I don't like, but along with the Jungle, this could be applied to the Dopex/Diamond Pepes and most other strong communities (and historically, Steve Jobs' Apple)
I believe in the Jungle, and think it's a strong positive, which is why your affinity fraud part confuses me. But members of Frog Nation would have said the same about Dani coins. What am I missing?
As I see it, this is the first mention of HEX on this substack. Rug pull of a project that is being used to soon launch multiple projects, including a layer 1 and a DEX to go along with it, is something I would like to see more discussion of and why HEX and the upcoming projects of Pulsechain and PulseX are to be steered away from. There is no doubt Richard Heart is abrasive, brash and loud, but he is highly intelligent in the space at the same time...thank you for the work you do.
It was a gud ponzi and he made a lot of people a lot of money for sure. Not a current recommendation either way, was just talking about a stage / market cap of a project where what we recommend is more useful and less useful.
Thanks for the shoutout! I just published an article about how nontechnical users can read an audit report, and walk through a real example. https://bowtiedisland.com/how-to-read-a-smart-contract-audit-report/
Is the primary difference between affinity fraud and strong marketing that one rugs you and the other doesn't? How do you tell before the rug?
I would place the Jungle in 'strong marketing'. However, until the $Time rug, I cannot articulate why it falls into that category, but Frog Nation does not, based on my understanding of the criteria you laid out.
Premise 1: The Jungle is strong marketing (aka NOT affinity fraud)
Premise 2: affinity fraud criteria are 1) giving members special title or rank with which to identify themselves 2) putting a logo/symbol in their social media handle, 3) charismatic leader, and cult of personality
Test if the Jungle fits into the criteria listed:
1) giving members a special title or rank with which to identify themselves
turbo autists and/or bowtied
2) putting a logo / symbol in their social media handle
bowties in the handle, and in the PFP
3) charismatic leader and a cult of personality
Bull has charisma and strong marketing skills. The sticky phrases and themes could feed into cult of personality. TrollTuesday suggests power of personality.
Maybe there needs to be a 4th criterion: token from which they could profit. Even so, there's Synapse and JPEG'd. To emphasize, both are great projects that solve critical needs, but Bull and y'all are affiliated with them, so even that fails to distinguish.
Premise 1 contradicts Premise 2, so one of these must be incorrect. What aspect of the affinity fraud criteria that you laid out am I missing, or incorrectly applying? These criteria look easy to apply to projects I don't like, but along with the Jungle, this could be applied to the Dopex/Diamond Pepes and most other strong communities (and historically, Steve Jobs' Apple)
I believe in the Jungle, and think it's a strong positive, which is why your affinity fraud part confuses me. But members of Frog Nation would have said the same about Dani coins. What am I missing?
key difference bw marketing and affinity fraud is the "fraud" part lmao
was just typing this...exactly!
How do you use this criterion to tell *before* the fraud comes to light?
As I see it, this is the first mention of HEX on this substack. Rug pull of a project that is being used to soon launch multiple projects, including a layer 1 and a DEX to go along with it, is something I would like to see more discussion of and why HEX and the upcoming projects of Pulsechain and PulseX are to be steered away from. There is no doubt Richard Heart is abrasive, brash and loud, but he is highly intelligent in the space at the same time...thank you for the work you do.
It was a gud ponzi and he made a lot of people a lot of money for sure. Not a current recommendation either way, was just talking about a stage / market cap of a project where what we recommend is more useful and less useful.