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Crypto CEO Admits Success Only Possible Because He Scammed Enough People

Crypto NewsFeaturedNews 1 Sam Rogers September 9, 2024

A comic illustration depicting three tokens (LayerZero's ZRO, Starknet's STRK, and ZKsync's ZK) standing on a seesaw with one side labeled 'Sybil filtering' while the other is marked as 'airdrop chaos'. The token representing LayerZero has a determined expression and its end of the seesaw is rising up. In contrast, the tokens for Starknet and ZKsync are plummeting down their respective sides.

}The eternal optimism of crypto bros never ceases to amaze me, and Bryan Pellegrino’s claim that a ‘big Sybil hunt’ helped LayerZero’s token price hold steady is just another example. You see, in the world of cryptocurrency, it seems that if you can’t make money quickly, then maybe your project isn’t worth investing in – or perhaps it’s just not as good at scamming people as some others out there? I mean seriously though, who needs inherent value when you have aggressive Sybil filtering and a bunch of ‘durable’ users to prop up the price? It sounds like LayerZero is more concerned with rewarding its most dedicated fans than actually providing any real utility or use case for their token. And let’s be honest, if Starknet and ZKsync are any indication, then maybe that approach isn’t working out so well after all… Stay tuned for more!.

Source: cointelegraph

‘Big Sybil hunt’ and durable users helped LayerZero airdrop succeed, says CEO
https://cointelegraph.com/news/big-sybil-hunt-durable-users-helped-layer-zero-airdrop-succeed-ceo
A combo of aggressive Sybil filtering and laser-focus on prioritizing developers and “durable” users helped the price of LayerZero’s native token hold steady following its airdrop, claimed LayerZero Labs’ CEO Bryan Pellegrino.  Pellegrino told Cointelegraph at Korea Blockchain Week that LayerZero did a lot of “very unique” things with its airdrop, including a “big Sybil hunt” that blocked bots and excessive farming in a bid to put its native LayerZero […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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