personally my interpretation is that its easier to scam non crypto boomer companies that think say gm hodl wagmi to each other in the office, to invest into shit projects but the downside is they wire money instead of getting sent money by crypto funds that know how to exit stage
i mean, why else would you accept investors that send money by wire
pretty gross tbh ngl
probably some american regulation thing i guess
maybe its an NFT project thats raising
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i think cyrus has the best explanation if you understand standard universal tardfi speak with some crypto jargon
my tldr is that its a closed end fund that hacked fundraising at high premiums using the APY magic trick because ppl genuinely do not understand what they are buying
was the play on $ZIP just the "uni v2 on optimism" with 1/6 trading fees and potential ve ponzinomics?
isnt that a bad play
personally i view uni as an uber massive shitcoin with no utility and governance kabuki but its been blessed by the effirium high council so no heresy allowed
i will leave this debate up to suit CT / doxxedfi to sort out
im not bothered because
- if regulators are taking the verbal diarrhea from Hentai Senpai, Retired Ponzi Connoisseur, Casual Hentai Enjoyer, Anime Tiddy Expert at face value, they are retarded
unfortunately i view everything as a ponzi in the most broad and vauge way possible because im too lazy to argue lexical semantics with people
i can do this because i am confirmed retarded
whether regulators take a few years or a decade to figure it out, its not my problem
in the grand scheme of things, does it matter if old boomers took a few extra years to regulate things because of scary labels used by autistic internet frogs?