💰 Grifter StoneToss (allegedly, formerly Red Panels)

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Stonetoss launched his burger crypto thing today.

Anyone who knows crypto know if it's a rugpull or not? It's an eceleb crypto project, so, probably.
 

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Vibralldo said:

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Stonetoss launched his burger crypto thing today.

Anyone who knows crypto know if it's a rugpull or not? It's an eceleb crypto project, so, probably.
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According to opensea, there are over 20k burgers in existence so far. Minting one burger costs about $350 USD, so that's at least $7 million in sales that Stonetoss no doubt gets a big slice of.

This nigga finna boutta sleep well tonight
 
All Smiles said:
According to opensea, there are over 20k burgers in existence so far. Minting one burger costs about $350 USD, so that's at least $7 million in sales that Stonetoss no doubt gets a big slice of.

This nigga finna boutta sleep well tonight
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Didn't the flurks already net him like $3 mill?
 
Deflationary crypto? Isn't this the exact opposite of how Crypto is supposed to work? Crypto is intentionally inflationary by continually halving how many coins can be produced, intentionally restricting supply, right? Deflationary would mean the exact opposite, they would be continually generating more coins over time, constantly diluting the value of the coins?

That doesn't make any sense... Either I am misunderstanding this, or this is nonsense.

If I'm misunderstanding this, please feel free to explain it to me.
 
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Prokhor Zakharov said:
Deflationary crypto? Isn't this the exact opposite of how Crypto is supposed to work? Crypto is intentionally inflationary by continually halving how many coins can be produced, intentionally restricting supply, right? Deflationary would mean the exact opposite, they would be continually generating more coins over time, constantly diluting the value of the coins?

That doesn't make any sense... Either I am misunderstanding this, or this is nonsense.
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You're describing Bitcoin and only Bitcoin

Anyone can launch a cryptocurrency with basically any parameters that they want it to have (inflationary, deflationary, managed etc). They can even change the parameters after launch.
 
Vibralldo said:

View attachment 6752246

View attachment 6752260

Stonetoss launched his burger crypto thing today.

Anyone who knows crypto know if it's a rugpull or not? It's an eceleb crypto project, so, probably.
Click to expand...
Everyone that makes memecoins and those who invest into them should be castrated.
 
Breadbassket said:
Whatever happened to that Flurks NFT project Stonetoss had? I know he made money off it but was it a rug pull or what?
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AFAIK no or at least I've never seen any complaints (I'm too lazy to proactively look). Crypto is full of scammers so it does have an earned reputation that most stuff is scams but if someone honest creates something using the same tools, then changes are it's not a scam.
The wiggers (Sam Hyde and crew) also had an NFT project (mondo megabits or something) and even though the wiggers have some kind of very mixed reputation I never heard people calling it a scam.

Edit: flurks NFTs still sell for a decent price by the look of it: https://dappradar.com/nft-collection/flurks/nftsales

Also: the creator being honest to begin with helps but them actually knowing what they're doing and not having some type of "advisor faggot" who leads them like a lamb to the slaughter is helpful. From what I can tell stonetoss actually knows about this stuff or has made an effort to, so it's very likely not a scam.
 
I'm getting room temperature (celsius) IQ vibes from his latest comics.

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He's trying to scam his audience into a rugpull and none of the people fall for it cause they don't care/are not retarded normies. Yea bro invest in rugpull #132 this is totally NOT a scam I swaer guys look at bitcoin!
 
Gender: Xenomorph said:
He's trying to scam his audience into a rugpull and none of the people fall for it cause they don't care/are not retarded normies. Yea bro invest in rugpull #132 this is totally NOT a scam I swaer guys look at bitcoin!
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it seems like its mainly an nft collectible project with the coin elements mainly being allowing you to trade it either as an nft on nft markets or as a coin on coin exchanges because it ties nft minting and ownership to possessing 1k coins in a wallet and it allows fractional ownership of stakes toward an nft via buying less than 1k coins, with the coin supply shrinking when users burn 200 to get a new nft token. Basically to me it seems stone is selling more complicated flurks and trying to market it as a bitcoin type deal which it isnt unless the only thing that matters to you about bitcoin is the ability to speculate on it.

so idk how much you can rugpull a collectible.
 
Prokhor Zakharov said:
Deflationary crypto? Isn't this the exact opposite of how Crypto is supposed to work? Crypto is intentionally inflationary by continually halving how many coins can be produced, intentionally restricting supply, right? Deflationary would mean the exact opposite, they would be continually generating more coins over time, constantly diluting the value of the coins?

That doesn't make any sense... Either I am misunderstanding this, or this is nonsense.

If I'm misunderstanding this, please feel free to explain it to me.
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Bitcoin is conventionally considered a deflationary currency because prices denominated in BTC will inevitably decline and the amount is hard capped.
Prokhor Zakharov said:
Yeah, but is my understanding of a deflationary coin correct?
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No, it's sort of the exact opposite of how it's defined. Prices denominated in an inflationary currency increase as the buying power of the currency decreases. Bitcoin is essentially deflationary because the value of the currency inevitably increases (over the long term despite sometimes chaotic short-term fluctuations). So its buying power increases over time, unlike an inflationary currency which decreases in buying power over time.

USD is essentially inflationary in practice over the long term (although unlike BTC this is not inherent and is largely a result of monetary policy) and in fact it would be catastrophic for it to go deflationary for a long time, as it did during the Great Depression.
 
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MeltyTW said:
so idk how much you can rugpull a collectible.
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I mean there's nothing really collectible about any NFT. It's just a JPEG (or a PNG, or a WEBP, or a TIFF) lol.

HOWEVER the real point is that StoneToss's fans want to give him money, and this is a way for them to do it. It's not like mumstitscoin or some memecoin thing where the idea is to trick gamblers into making money by speculating. It's just a way for people to give StoneToss money that's relatively difficult to block.
 
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