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What's funny is that in the crypto world, projects that have similar tokenomics as Worldcoin were often called "Sam coins" - low float, high market cap, and a v
by spaceman_2020 3y ago
What's funny is that in the crypto world, projects that have similar tokenomics as Worldcoin were often called "Sam coins" - low float, high market cap, and a vesting schedule that allows the founding team to relentlessly dump on speculators and holders.
Trouble is, the Sam in question with these coins was Sam Bankman-Fried
- jallen_dot_dev 3y agoI've never heard that term before, usually such coins are called shitcoins. And while I'm not denying SBF did that with his coin, he certainly didn't pioneer it; XRP has been doing it for years before SBF got into crypto.