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We were all sleeping on MAHA https://www.coingecko.com/en/coins/mahadao

"The MahaDAO is a decentralised organisation that aims to revolutionizing money."

Bold statement... Any MAHA people here just catch that 160% in 24 hrs?

Don't buy stuff that is up 160% in 24 hrs. Wait for a -30% day and then buy it with yolo money. That's how I nailed that AXS trade. If you identify irrational exuberance buy it on a bad day and sell it AS SOON AS IT PUMPS. Don't wait for 1000%, you got 160% go buy some chicken nuggets.

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Thoughts on HBAR?

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I heard the name come up again and again but alas time is limited and there are almost 10,000 tokens. With names like Google and Boeing involved at least we know it's being worked on by smart money. The chart doesn't looks so bad. Signs of life.

I was just reading about Tune.fm if something like that gains traction I would see HBAR taking off. It's stll up 1882% off it's low a year ago.

Do you have experience using HBAR other than holding some of the token?

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I got in at low single digits but admittedly was sold on the scalability and ownership of proprietary tech.

Not sure about your comment re 10,000 coins.. sure there’s a bunch of shitcoins out there but this is just outside the top 50 by market cap; hardly a donkey

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Dogecoin in the 10 top means everything below it is suspect!

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What I mean is. If Dogecoin is in the 10 top the the market has yet to prove itself at pulling the weeds.

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Safemoon!

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Have you played Mooncraft? Is it fun?

I tried to read the safemoon medium articles https://safemoon.medium.com/ and got 401 : "

This account is under investigation or was found in violation of the Medium Rules."

On the products page on their website it says coming soon on there not so revolutionary exchange and hardware wallet.

We prefer to stick to products that exists and are being used like Sushiswap and Polygon (MATIC).

Plus the chart for Safemoon looks like shit. But hey throw some yolo money at it and sell it off to some poor chump after some irrational 10x pump. It is still up 5000% from it's low but has a name people would buy thinking they missed out of Bitcoin and Ethereum.

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Forgot to mention 1 Quadrillion tokens half have been release already.

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Wow thank you for the thoughtful response. Unheard of in crypto. Mooncraft isn't officially out yet from my understanding, but the webpage is recently updated and is supposedly coming out soon. Video games and the "metaverse" are not my expertise. Definitely a yolo trade. In regards to the supply supposedly once volume increases due to the wallet, exchange, and block chain, the burn will decrease the supply significantly while giving holders reflections. Supposedly "Papa" aka "the wizard" the lead developer is a genius with an extensive background building other blockchain projects and is working on a groundbreaking blockchain that will put it in direct competition with Binance. The main team is public with their linkedin profiles, so you can see their "experience" first hand, which seems to be from previous starts up they started. We will see. Thanks again for having a real conversation about this. Nice to get some sober rationale thoughts on this instead of the troll-like behavior of degenerates like myself yelling "HODL" and "Safemoon!" on every post.

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One of the things we look out for is projects that promises to be a better version of an existing one. The talk of a genius who has a groundbreaking blockchain that will put it in direct competition with Binance is where I see a Foot Gun. Why do we need another Binance Smart chain? What will make this new chain better?

Even if there is products built with Safemoon I personally would wait for them to launch and then make a decision about investing based on user adoption of those products.

If Mooncraft, the wallet, the exchange and the blockchain launch with wide adoption then I'd try them out and do an assestment of the project then wait 6 months to see how user adoption goes.

Of course a small yolo investment when there are no usable products could pay of huge when the products launch successfully.

Thanks for your thoughtful response. You definitely taught me something about Safemoon.

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Jul 27, 2021Liked by Foot Guns

Thank you for your insight and this newsletter. I truly appreciate escaping the echo chamber and hearing rational insight. I have the initial yolo investment, but will remember this conversation when FOMO starts kicking in. Thanks again!

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The Blockchain Wizard's Linkedin:

https://www.linkedin.com/in/thomoose/

They also are supposedly working with the Gambia Government on "Operation Phoenix" utilizing Safemoon's blockchain to serve as technology for innovation and learning purposes.

Instead, the blockchain’s primary focus is "to serve as technology for innovation and learning purposes."

That's all I got. Thank you Foot Guns I've already found the newsletter extremely useful the first week.

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