First off, I wanted to warn everyone that there were a few posts/responses over the last week that I really felt the need to comment on. (Me getting on my soap box) That statement is not meant to take anything away from the fact that there were a lot of great posts, excellent questions, and thought-provoking stuff on r/SafeMoon too. Second, this week’s theme is Monty Python. So, although my head hurts from a few of the awful, terrible, no good posts, *“I’m not quite dead yet!”*
As most know, I am not one to call people stupid, but the ignorance of some of last week’s posts was unbelievable. I know some people are having fun, dreaming, etc…, I am not trying to squash dreams and I am definitely not the fun police. But these particular posts went against common sense, reality, history, basic math, market principles, and general economic theory. What the hell are they teaching in school these days? (Rhetorical, don’t answer that)
For instance, several redditors comparing SafeMoon to CRO and ADA. One rocket scientist (*sarcasm*), even calling everyone else stupid if they did not understand. Well, there are some comparisons to be made, but not what these redditors were pointing out, which was that SafeMoon could reach the price of CRO or even ADA. CRO and ADA have a lot of the things SafeMoon is working towards. CRO has a CEX, 10M holders/users, a VISA card, and converted from a token to a coin, thus their own blockchain. ADA has multiple wallets, real world use, Africa, staking (not the same as reflections but a way to earn interest), and a blockchain. Yet regardless of time, supply, and success, their prices are undervalued. However, my point is ADA and CROs prices are, in part, relative to their circulating supply which is in the millions, not billions or trillions, of coins/tokens. Trying to say, at least at this point, that SFM can hit the price of ADA, is just mental. In my best preaching voice “Please, brothers and sister, help post intelligent, enlightening, and thoughtful things”. Either that or post a good meme, as I really can’t take much more of these crazy nonsensical posts. I feel like telling these people, *“There’s nothing wrong with you that an expensive operation can’t prolong.”* Lol. I am kidding of course, I respond kindly explaining the basics of how money (fiat), supply/demand, value/supply/market cap, all work. Enlighten and educating, that’s all any of us can try to do.
In an example of obnoxious absurdity, I was reading through responses to a post this weekend. I forget the specifics, but it was something to do with time and success of SafeMoon, asking for thoughts/opinions. Most of the responses were intelligent and thoughtful, that is until the very last response. This guy was like, *“I’ve invested $3000, and if SafeMoon doesn’t hit .01 in 3 years I will tell everyone I know that it’s a shit coin.* *I expect the likes of BTC, ETH, and DOGE. That is what I* ***demand*** *from the Team and Community.* *Blah blah blah”.* Think about that for a second. So, if SafeMoon hits .001 in 3 years. Wouldn’t that still be an amazing success? Of course, it would be considered a huge success by every definition of the word. Look, we all have our “magic” number and what we consider success, but some asshat demanding that SafeMoon needs to lose four zeros and be at a penny to be considered a good coin. That goes beyond delusional to blatant idiocy. Let’s face it, what other investment could you turn $3000 into $1,000,000 (example is with SFM at .001, considering a holding of a little over 1B SFM today), in 3 years, and still not call it a success? And that’s not even considering reflections over 3 years time. I know SafeMoon needs everyone, mass adoption, usage, and demand, but this person just needs to crawl back under the rock whence he came. I will tell you this, it was all I could do not to respond, as I had absolutely nothing nice to say.
And just when I thought it was safe to get back in the water, people are now going crazy over the “possible” lack of a buy button in the wallet, upon its initial release. I will first say that I think the buy button will be important long term. No other soft wallet, that I know of, has an easy buy button (and I’m not talking about a CEX wallet, or swapping/exchanging in a soft wallet). But just stop for a second and think about how the wallet buy function would work. Disclaimer, I’m not a programmer, but I play one on TV. In all seriousness, it has to be a difficult process, and that’s not to mention the legal/regulatory issues that might be hindering the progress. First, it needs to connect to Simplex to accept fiat, then it has to somehow purchase BNB, next convert the BNB to SafeMoon, and lastly add the SafeMoon to your wallet. Heck, most people with iPhones still cannot buy through Pancake Swap with Dapps missing. So, to oversimplify the buy button process is easy to do, especially if you do not understand, or can’t comprehend, the process. Regardless, I personally do not want to pay Simplex fees, so it is not a big feature for me. However, my needs, or lack thereof, do not diminish the buy buttons importance to others, I get that. Yet, to say the wallet is useless without the “buy button” is just wrong, IMO. Why? For a couple of reasons. First, the wallet is a major milestone and a real deliverable. This should eliminate many of the naysayers and critics of SafeMoon. Second, I believe the wallet will consolidate SafeMoons back to Pancake Swap and out of the CEXs. This should lead to better reflections, at least until the buy button is released. However, my real reasoning for not caring as much about the wallet, or its buy button, is I believe the blockchain is way more important. This is because I think once the blockchain is released, and SafeMoon turned into a coin, we’ll see other major CEXs listing SafeMoon, like Coinbase. If you want ease of purchase, Coinbase (standard) is it. I believe with the blockchain that tokenomics (i.e., cryptonomics) will be less of a problem for the CEXs to implement. And that is not to mention the importance of the planned hybrid SafeMoon CEX/DEX too. So, although the buy button will be an important feature, it not being available upon the wallet launch should not detract from the wallet as a major deliverable. There is also the fact that the missing buy button is just an assumption. And we know what happens when you assume… So, for those that need to hear this, don’t get your panties in a wad, the buy button will come. *“No, now go away before I taunt you a second time.”*
Hints, hints, and more cryptic hints. *“Nudge, nudge, wink, wink, know what I mean.”* I find it beyond absurd that some people are still getting frustrated, even mad about the cryptic posts from the team on discord, facebook and twitter. Everyone is entitled to their opinion, and if you don’t like the hints, or think they are stupid, that is fine. Just keep that to yourself and don’t play along, it’s really that simple. Regardless, in the end, the clues hurt no one, and I believe most of the community enjoys playing the game, sleuthing, and guess work that goes into trying to solve the puzzles/hints. Heck, the guy that figured out, per the last graphic post, that Coffee and Operation Pheonix were related to the 9/12/2021, is amazing and my hero. If you don’t like a team engaging with the community, especially if it means cryptic messages like “Hoot”, then maybe you need to be invested in another project. And I am not saying sell, give us your reflections, that’s almost never the right response. What I am saying is that if you don’t like the direction of the projects, or how the team engages, there is no shame in taking your investment elsewhere. Personally, I want everyone (except the rock dweller) to stay, but whining about the cryptic messages, demanding transparency, or complaining about when the team does or doesn’t say something, really needs to stop. Just my two SafeMoons. (Stepping off soap box)
There has been a lot made out about how many millionaires there will be, and/or if the economy can handle it, when SafeMoon hits a certain value. I’ve responded to a few of these posts, as it is an interesting question and premise. The reality is some people are just trying to understand the principles of money, others are dreaming. Points are made on how many millionaires there are in the US and China, how many get created each year, etc… The truth is that if SafeMoon can hit a certain market cap, based on supply and value, with enough demand, then the economy can handle minting thousands of new millionaires. Will it happen? I hope so. However, something to keep in mind, a millionaire in assets, not a millionaire be. What I mean by that is the number of millionaires in the US is probably skewed. Let us imagine that your Uncle K is a millionaire. He lives in a state that has one of the highest per capita of millionaires, so it could happen. Let’s pretend your Uncle K owns a large house in a hot market (no mortgage), has a vacation property in an expensive resort community, and has a large sum in his 401K. Let’s take it further and pretend Uncle K has a fair amount of liquid assets, stocks, and other investments including crypto. So based on that premise, let’s say this fictional Uncle K is worth a couple million. The question is, is Uncle K really a millionaire? In theory, yes, in practicality no. It is likely that Uncle K still must work, make a decent salary, dream of retirement, and has expenses like everyone else. In this alternate reality, Uncle K would have to cash out, sell his house, retire, rent the vacation property, etc… to access his millions. Even then, he would be smart to live on 4% distributions plus other passive income, and all this even though he would be considered a multi-millionaire. So, that begs the question, what would a SafeMoon millionaire look like? I think the real difference is purely one of liquidity. A true SafeMoon millionaire would have the ability to cash out, all or part of, their crypto investment and have millions, after taxes, liquid in their bank account. So being considered a millionaire and having millions, in the bank to spend/invest, is not quite the same thing. Just a million somethings to think on and dream about.
Binance has been in r/Safemoon and the news a lot lately, regarding them being banned from the UK, part of Canada, and Japan. This is hurting SafeMoon as it is making it more difficult to buy in those countries. However, I think it is important to understand why Binance was banned. It is my understanding that Binance was allowing citizens to do things that are regulated or illegal in those countries/regions. It wasn’t the buying and selling of crypto that was at issue. From what I’ve been able to discern, I believe it was leverage and derivatives trading that seem to have been the problem. Even the US has stated that those actions are regulated and that CEXs, like Binance, are likely breaking the law. I think Japan, Canada and England have just stepped up and put their collective regulatory foot down, where the US is still considering what to do. Binance will likely fix the problem, by removing those options for countries not allowing those types of trades and likely come back to those markets. We’ll see what happens but for me this is proof that the blockchain can’t come soon enough.
Lastly, I would like to, again, remind everyone to be kind, helpful, and thoughtful. This poor redditor, and newbie, was asking about “the burning problem” he saw with how big the current SafeMoon supply was. Some jackhole responded with *“This doesn’t need its own post”,* and of course a few others pilled on. Well, not the point, but the OP’s response was awesome and appropriate *“You could use the letters answering this basic question instead of that (response)”* I could not agree more. Thank goodness most of the redditors were nice and responded properly, as we all should try to do. A thought to be dumb, or repeated, question should still be answered kindly. Even my examples above, except the one in which I said nothing, were answered by me in a kind manner. There is no need to be rude or dismissive. Remember most of us were new once. Treat people like you would like to be treated. Even if you disagree, try to see, and understand the other point of view. As said before, infighting only lets the haters win. So, a huge thanks to all the redditors I see out there answering questions and being nice, even if they disagree or think a post is obnoxious. If you can be anything, remember to always be **KIND**! 🙏🤝
Until next week, stay safe, and *“Always look on the bright side of life”.* 🐟🦉🚀🌕