Because of my cynical and somewhat perverse nature I followed up on info about a new development of an old token.
I visited cryptopia and discovered an amazing opportunity!!!
I am not one to ignore such opportunity so immediately turned a litecoin into some Doge and bought the peak.
I used the doge to purchase this "undervalued" but "under new management" token. The possibilities were endless!
The reality was a little more ended. A staking platform with insanely disproportionate inflation and 95% of the tokens held by 5% of the wallets.
What could possibly go wrong?
I am a fan of staking tokens especially if they offer to flood me with their valuable intangible assets so I took a trip to the token's github and downloaded the wallet.. there was a new wallet! Superb. development is always the sign of an up and coming crypto.
My antivirus warned me that the downloded qt.exe contained a bitcoin miner. Well, duh! It also warned me that the wallet contained some IRC bots... which was new.
I voyaged forth to the discord server to see what sage advice I could get from the dev team or at least someone with a clue about security. I wouldn't want to compromise the security of my LTC worth of priceless possibility.
I observed as someone who seemed to be "In the Know" instructed someone to turn off their firewall and antivirus to let the wallet run.
I asked if that was a good idea and was told that if I had objections then perhaps this project wasn't for me.
Seemed like a rebuttal.
I did my due diligence (after buying the coin, always the best time) and discovered that this amazing opportunity was just a way of leveraging the network effect of a dead dead dead crypto. All the tokens were being exchanged for the new improved token.... which begs the question why I need to install the wallet at all.
So to recap... a dead crypto which has been providing almost 9000(!!!!!)% staking reward for a year is revived by a new bunch of monkeys who talk about token burn and exchange for the revivified token which is just ... not even a white paper really and they want me to disable the security so that the wallet they have produced can connect to a huge range of IP addresses via svchost32... a direct hook through my OS apparently to bypass any firewall blocking that a cautious person with windows would be unaware was happening.
Seems legit.
So I agreed with the generous advice and am selling the shitcoin for whatever 2 units of ltc satoshi are called.
50% gains my brethren!
50% gains in a day.
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