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I love cryptography.
I believe Bitcoin can make the world a better place. This is digital decentralized money with a hard supply cap like the world has never seen before.
In particular, stablecoin and decentralized financial innovations have created a more equitable, democratic and accessible financial system, much more than the current system, which is too often stacked in favor of top systems. I think we can widen the gap in inequality that plagues the country right now.
But don’t make fun of yourself here. This wonderful industry also has a dark side. And the dreams of making the above-mentioned possibilities, possibilities, and true differences are still far from reality.
Whether you’re for or against regulation, the truth is that this is a $ 1.2 trillion industry that’s allowed to run for free. This is a worn-out expression in cryptocurrencies, but “Wild West” is a great way to explain it. Indeed, this has significant benefits as innovation accelerates, creators are free to act, and barriers are kept to a minimum.
However, while it is important to mention these benefits of minimal regulation, I don’t want to discuss them here. I would like to talk about the negative externalities of this environment. I would like to spend some time watching the villains who can work in space, spitting upside down at the expense of the innocent masses.
Perhaps do more case studies than anyone else for the benefit of individuals and vulnerable investors who have abused the system: Floyd Mayweather.
Floyd Mayweather is a boxer known for his exciting fighting style, humble attitude and respect for women. OK, that was a joke.
Let’s talk about money. That’s the purpose of this article. Mayweather was ranked sixth on Sportico’s previous athletes’ earnings list last year, with inflation-adjusted $ 1.2 billion deposited in banks throughout his career. But have you seen the price of gas lately? Obviously, even $ 1.2 billion makes it difficult to make money in modern America, as Floyd “Money” Mayweather turned to cryptocurrency scams to supplement his income.
His Twitter biography can be found below, promoting certain Metaverse-related projects entitled “may weverse”.
Interestingly, when this project was announced, he completely abandoned it. Floyd NFT A project he was constantly promoting before. He also deleted all tweets and public social media posts related to the post.
Fortunately, things live forever on the internet, so you can see an example of Mayweather below. Mayweather is usually humble when chatting into the camera from one pool in his mansion.
Floyd Mayweather Floyd World NFT pic.twitter.com/tdI6tKSME5
CT catches in 4k (@bestvideosofct) April 10, 2022
To make matters worse, he didn’t notify the team (or investor) behind FloydNFT to launch another project or even abandon the previous one. Elegant movement, Floyd.
Oh, and what happened to May Webbers? Yeah, it’s a rug and the owner has lost everything. The team behind it was anonymous and was able to withdraw without results. As for Floyd, there doesn’t seem to be a replay. This is unfortunate, but not a little surprising. On the bright side, God congratulates Twitter account @bestvideosofct. Because they have the following gems from one of Mayweather’s many promotions:
“And of course I’m a money guy, what do you guess? Being part of history, owning part of my heritage, and you can make money too” Floyd Mayweather
Floyd Mayweather Mayweather Pt 1 pic.twitter.com/gUzsxeazNV
CT catches in 4k (@bestvideosofct) May 5, 2022
Ethereum Max is a token that sponsored a “battle” with Mayweather’s YouTube personality Logan Paul. Much touted by Mayweather, he appeared in Weighing in an Ethereum Max T-shirt, an official fight card promoted tokens, and tickets could be purchased in currency.
For fun, I have graphed the token price action since the battle below.
