Tuesday, February 16, 2021

FIRE with Digital Coin Ponzis

Broke: Paying expenses from interest from SGD savings accounts / FD / CPF / dividends / coupons

Woke: Paying expenses from interest from crypto USD stablecoin lending / liquidity provision

Bespoke: Paying expenses from interest from crypto lending / liquidity provision / cash flows


Wait a minute. 

Crypto generates interest? 

Profits? Rights to cash flows?


An interesting point to note is that someone's public ENS alone is generating ~$100,000 SGD a month from staking interests and rights to fees.


But naw, couldn't be. 

That sounds like a scam.


Stay safe, and remember to

Have Fun Staying Poor

6 comments:

  1. Hello kind sir, I'm a nurse working in Tan Tock Seng hospital and lost my life savings in the recent Alpha incident. I currently am in a tight financial situation.

    Can you send me some money to: 0xcB5c248A2C2dA66A143F4a3A3e95CAec0168e542

    thank you.

    ReplyDelete
  2. Impermanent loss protection for liquidity provision. 100% positive gain guaranteed. Definitely a scam.

    ReplyDelete
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  5. I heard skems pump the hardest

    ReplyDelete

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