The Next LUNA Ponzi Scheme
ฝัง
- เผยแพร่เมื่อ 2 พ.ค. 2024
- Justin Sun recently released a LUNA/UST clone called USDD... except there are a few differences we need to talk about. Also DEFI is not exactly a fair way to describe the ponzi-like coin.
Editing correction, at 7:00 the TRON wallet traced to is -- tronscan.org/#/address/TPyjyZ... -- not the etherscan wallet that was shown.
Big thanks to TheDefiac for helping with the research in this video! Follow him here:
/ thedefiac
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This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napoleon Hill pitch. - บันเทิง
![[Live สด] การออกรางวัลสลากกินแบ่งรัฐบาล งวดวันที่ 2 พฤษภาคม 2567](http://i.ytimg.com/vi/GO21E3C-kXE/mqdefault.jpg)
note! at 7:00 I showed Justin Sun's ethereum wallet instead of the TRON wallet we traced. The actual traced wallet is: TPyjyZfsYaXStgz2NmAraF1uZcMtkgNan5
just for those interested in doing more digging.
Hey if u read this u should do dmt lsd and ayahuasca its life changing we're all the same consciousness creating reality through the mind🧠👁🕉
@@3iiis no that's satanic stuff.
@@3iiis I just can't see how that's relevant to anything in this video or comment.
@@joystiicks5680 probably a bot would be my guess lol, or maybe like Rogan's alt.
@@joystiicks5680 "Coping with crypto losses" :D
Seeing Alameda research brought up in old pre ftx collapse videos is like when they tease the next avengers villain in an MCU film
i saw this comment before i heard the mention and kinda brushed it off. then it came up and i went "OH NO." the future biopic miniseries looking back on crypto will be an incredible narrative.
lmao.
They all look legal while another big crypto giant is being this blatantly criminal and to be honest brainless. I wonder who will be next
SBF: Fine, I’ll do it myself
if someone promises you 40% returns, get up and walk away, and if they say it's riskless too, run out screaming
zero iq with zero experience in defi detected
What? You dont want 40% returns??
@@diocletian607 it’s all just FUD they say…
Justin Sun said it himself in an interview that the 30%+ is not fixed and will maybe last a year since it is only ment as an incentive in order to attract users. Basically marketing money.
Also in the whitepaper it becomes perfectly clear that it will not be decentralized until the end of december and that it is in control of TronDao and the whitelisted parties.
But hey let's just believe this idiot influencer with ZERO facts checking and just jumping on the bandwagon since it's cool to hate tron 😂
He is as shit as every other influencer making money with negativity because it's easy to go with the mass without your own opinion.
I use tron since 4.5 years daily and didn't find any other chain as easy to use as tron. But people rather fangirl vitalik and charles who only do empty promises and zero delivery.
That's crypto I guess.
The zero usecase projects moon and the ones that actually try get destroyed by the influencers and the zero brains communities. Well done moonboys 😂👌
😂😂😂👌
“A small number of white listed institutions like alameda research” I’m sure they could use some extra coins now haha
Dude my exact thought
Well... that aged like milk on a hotplate.
Glad im a new coffee fan because listening to this backlog and hearing all the stuff tied into the other scams is crazy!
Famous last contractual words
@@Hybrydnaki Me too I'm loving seeing Alameda pop up multiple times. I feel like I'm watching a movie with crazy foreshadowing.
Risk free, 40% returns, 300% backing and a healthy dose of "Trust me bro" from your excellency Justin Sun.
Your comment and your profile pic go all too well together
People can't stop donating fortunes to him I guess...Dozens of ponzu's at this point I've lost count of how many bs tokens he's created
😄😄😄
"Ultra conservative investment"
39.6% return.
Yup, sounds legit.
It's very conservative when every other similar scam is promising 367,000% tbf
I love that through crypto a young generation is rediscovering all the pitfalls of unregulated finance. A cesspool of greed, scams, empty promises - all under a thin veil of “decentralization”, “empowerment” and “sticking it to the establishment”.
Don’t hate the playa
Hate the game
@@magacop5180 how are supposed not to hate the fucking scammers
Why are you loving that? People are literally fucking up their future. I'm also in crypto, but I did my research on LUNA/UST and figured where are they getting the money from? And so I didn't buy any.
@@thefirehawk1495 I love it because those lessons need to be learned. When investing has a “get rich quick” casino mentality society suffers from a zero sum game. Whereas when investing is about adding productivity in the form of new and better goods and services to the world, then it’s a positive sum game where everyone actually becomes better off in the long run.
You forgot "redistributing wealth"... they are redistributing their wealth alright🤣
Right... Crypto scammers don't really care about decentralization. They are really interested in deregulation. Without regulation it is far easier, and less illegal, to swindle people from their money.
What the hell is the point of crypto if it is regulated by someone?
@@GrandChessboard it's regulated by all
@@GrandChessboard If crypto is not regulated by rules and someone then why would anyone believe in crypto? They literally could change the rules everyday. Chicken and egg problem.
decentralization as a business is laughable. the whole point of a business is to grow and produce more valuable goods and services. Thats like saying they are a business trying to create communism through capitalism. Centralized banks are the final products of a free market; its the most efficient and best money-generating version of a bank. If people want to take power away from the bank you cant use the free market.
Look at any successful business much less just banks, none of them are decentralized. That's because they receive a competitive edge by being centralized. Until that edge is removed, centralisation is inevitable
@@GrandChessboard Because without regulations all manner of unethical things can be done without any repercussions. Our Banks used to have that same kind of leeway which in part led to the Great Depression. Had banks had to follow the regulations back then that they do now that would never have happened. Crypto is like the banks of back then there are so many crypto scams because of there being no regulation its almost like why not do it theres no consequences Edit: FTX would not have gone bankrupt had Crypto exchanges been under the same regulations as banks.
Saw you on CNN. You did well. Media giants are finally publicizing a good guy, instead of every single bad guy that comes along. Hope your channels grow by leaps and bounds, as you provide a desperately needed service.
Oof cnn though
CNN 🤢
Hi link please
cnn? thats kinda a bad look honestly.
People still watch CNN?
I’d just like to point out the massive irony that I always get these guru ads whenever I click on your videos: millionaire mindset, Dan Lok, Grant Cardone, and dozens of clones of the same shit. The scam hustle never stops
It only increases, like great in a recession
I noticed that too, and I’m sure Coffee is amused to be paid by them. He is profiting from it and it’s why I’ll let the ad run.
Yeah it’s annoying as hell
So basically scam victims fund TH-cam/GOOG profits through scammer ad dollars
Everybody wants to get rich with no hard work involved…..
"Your Excellency" how cringe the reporter even indulged that. Regular people are under no obligation to refer to someone as such
Pretty sure the reporter had to refer him as such to pay respect to the country who gave him the title and avoid controversy, not necessarily to get on his good side, but yea it was cringe as hell
When you can go to jail in certain countries by referring to someone as the wrong pronouns….they’re going to bend over backwards to make sure they use the “proper” title.
@@AscendingAdventures and in what country would that be smartass
@@AscendingAdventures😂😂😂true
@@AscendingAdventures Why lie about this? Does it make you feel like your existence has meaning?
3:33 "Alameda research among other people" jeez just shows how interconnected this whole crypto scene is with all these shitcoins
Half the time I don't even know what Coffeezilla is talking about. I just like to hear him talk in the background honestly.
this comment shows your IQ. lol
100% same, I really don’t know why I watch these videos anymore
I don’t know anything at all about crypto nor do I care in the slightest
@@Lobonova 🤓🤓🤓🤓
You are an NPC then
All you need to understand is look up the word FUD. That's all Coffezilla is doing, just spreading FUD because he himself doesn't understand that crypto is the future.
Basic rule of thumb: if there's a yield higher than 10% on ANYTHING, institutional investors would flock to it like flies on shit.
If they're not, then you know to stay away.
Excellent answer.
Get in early leave before collapse ez
@@timmoe3370 that’s how people get burned
@@mathlineelectric yehhhh, get in early den dippp
But then you see institutional investors FOMO and flock on shit then get burnt!
Justin Sun is about to take a whole lot of people's money and those people will be like "oh my god we did not see this coming."
keep hating on Tron
@@purefire21 I will hate on any crypto ponzi scheme.
@@purefire21 :/ how much money have you lost?
@@enemy1134 nothing I use tron the don’t just buy the coin I use the blockchain
Coming back and watching this episode after the FTX collapse and SBF arrest, the second I heard alameda research I already knew the outcome.
lol Justin's wiki page is marked as problematic because he probably paid someone to write it the way he wanted it, allegedly. I mean, it very conveniently leaves out all dubious parts of his history.
Most of wikipedia is like this, majority of the people that write the articles on an event/person are bias toward it, hence caring enough to write/edit it.
@@Jake_Hamlin Most Wikipedia pages are actually written by a very small amount of people. 90% of Wikipedia is written by a few thousand people. One man alone has made 35000 articles, and over 3 million edits.
@Guy Whose opinions will offend you there are no bad vibes.. the dude is a total and utter sociopath at best.. he is a walking Red Planet.
Those who invest in this after seeing his resume, deserve to loose their investments. He is like a 80's Jordan Belfort but with a faaaaar worst trackrecord & still going strong in his coke conviction that he is not going to get caught because he has diplomatic immunity. The FBI will eventually get his ass.
Bro you are providing a valuable service to society.
"Including Alameda Research"
LMAO ... aged like a block of limburger
If a crypto coin is backed by a portfolio of crypto coin holdings, it's still backed by nothing.
Hmmmm doesnt exactly validate the US dollar either and yet it gets away with Ponziship all the same ...
And the u.s. dollar is still also backed by nothing. All fiat monies are currently backed up by nothing. So really the question is, what scam do you want to believe in? Fiat, crypto, NFT's, antiques, postage stamps? Lol
‘Nothing comes from nothing’ ~ Shakespeare
So is fiat currency. If you don't believe me do yourself a favour and watch
End of the road.
Search that watch that and learn exactly how money isn't money. We give value to what we want to give value to.
Pokemon cards are proof.
Bitcoin has value because nobody can control it the way the fiat currencies are controlled.
Only time will tell what happens but this is the end of the road learn why or stay behind.
I'm not saying buy crypto. I'm saying atleast the idea of crypto is sound. Ruined by Kunts who actually do control it and use it to make their own wealth.
We need coins like bitcoin designed to be autonomous smart contracts doing everything no vitalik or do kwon nobody at the top. Then it might work.
actually zero iq
I love that if you count all of the votes in Justin's wallet as him as one person, his best odds on the vote were 135 to 4 against him, assuming that the other 3 votes were all different people. That's honestly priceless.
this video will age superbly. we all know what happened to one of those whitelisted organizations... alameda research...
40% per year? "Ultraconservative investment" my ass!
I mean really, what is their target audience? How dumb must one be?
Target audience are dumb people trying to get rich quick, and judging by their accumulated wealth I’d say they have plenty of customers!
Better work than most mainstream journalists. Great job.
Keep reading Newsmax and Breitbart buddy.
@@MultiJejje Brother he said *mainsteam* journalists. I know your reading comprehension is bad, but please.
This guy is literally the fed chairman of the coins he created.
Ahhhhhh that alameda research being a trusted white listed firm is reallllllllyyyyyyyyyyyyy interesting
Gotta love how centralized the decentralized crowd is
not invested in crypto whatsoever but i never miss a video! your videos are always so well done, love you coffee!
Same lol
As Warren Buffett says crypto doesn’t make anything so it doesn’t produce a profit such as buying a stock in a company that makes something that pays a dividend out of the profits generated. I can see see Bitcoin becoming a universal currency and perhap a hedge against inflation but that’s about it. And if Bitcoin ever gets to that point it will probably be heavily regulated. Most of the rest of these alt coins appear to be pump and dump scams aimed at naive people.
Sameee lmao
Coffee is.
Crapto
Considering Alameda as a "whitelisted" entity eg. "serious" aged like fine fresh milk... 2022 was wild...
The way coffezilla analyses things is just amazing... his mind is like a machine
The more Coffeezilla videos I watch, the more confident I am in my own investment strategy of betting on greyhound races. At least the dogs will never rug me
Sure.
Betting is gambling, not investing.
@@thefirehawk1495 you can say that again.
That's what the big dog wants you to believe :) In reality behind closed doors the greyhounds are laughing at you and drinking fine wine with your money...
OK I *swear* I'm not normally that gal and I *know* this was just a joke about an unrelated thing, but I'm gonna take the opportunity to soapbox anyway:
If you're at all interested in the topic, please look into greyhound racing and the controversy surrounding it, because the dogs are often not treated very well and sad dogs are Not A Good Thing. Thank you 💖
"Who doesn't enjoy a couple hours of insiders trading"
Lmao.
Me listening white listed trustworthy companies "Alameda Research"
👀
I suspect this video will age like fine wine
this channel is a sharp sword against these scammers! Really nice job! instant sub.
I wonder what the best crypto would look like as it was originally intended: transactions rather than value
It looks like Bitcoin.
XRP
Like a pane of highly polished glass. You literally can not see it, as if it doesn’t exist.
Yes it's called BSV!!!! real Bitcoin
Bro, you are amazing Coffee! Way more people need to watch this.
You will be a legend in the history books. Keep up doing the lord's work sir ;)
So glad we have you in this market coffee, your a legend
@CF get a life😭
I'm not sure how I miss this episode but it was one of your best ones yet
Found this channel 3-4 days ago. Been watching like 6 hours of videos a day. These are addicting
Jesus, my eyes went wide when he mentioned Alameda research. Jesus the foreshadowing
Absolutely love how you break things down. Helped me really understand the landscape of crypto. As someone who has spent countless hours on studying scams and con artists, these get me!
You had me sold in the first half, let me down in the second 🤣😂
All good info man, love the videos
I am pretty sure none of these coins are backed by anything and they can just mint whenever.
So one of the trusted companies that could mint it was... Alameda research huh? Interesting.
Not looking too good
@@iamagirl9938 Your username is the most sus thing I've seen, and I'm subbed to Coffeezilla.
@@Asdayasman it was the most creative thing I could come up with when I was 14 so I just stuck with it. Though I’ll admit I’ve had some weird experiences with a name like this.
@@iamagirl9938 Yeah no doubt wtf. Imagine, "lemme hop on discord rq with the name 'I am a 14 year old girl tee hee'".
@@Asdayasman Never told people how old I was, thankfully I was never that dumb. And surprisingly I only have this name on TH-cam. I use another name on all other platforms. Don’t have the heart to change this one, I have way too many funny memories with this name.
This aged well
The "White Listed" entities including...drum roll..
Alameda Research
Phenomenal explanation and investigation, as always. GG!
Alameda lmao
Love seeing it pop up here and know "oh so did they lose customer funds here?"
A “risk-free investment” is an oxymoron. These people are taking advantage of people who are not as smart as they are by using big words and charts.
Yup. That's why people need to learn more words. It's the reason the ruling class wants to keep you limited in vocabulary.
@@jf2176 I hate when people say "literally 1984" but this is literally 1984
I feel like at a certain point if people still put all their life savings into crypto , maybe that's natural selection.
😂 nice
@@liquidityzonetaken9188 oh ha ha he made a funny oh ha ha oh how funny, laugh done now.
Not everything in crypto is a scam might seem so if you only watch coffeezilla, as all he covers is scams.
Natural selection doesn't exist. Evolution is false.
@@wej0w Not all the tulips are rotting before blooming.
Just subbed and heard about you through CRYPTO with KLAUS. Great video, man. I love deep dives like this. You could make this a whole channel, just detective work on all these companies and projects.
Great video love your videos every time a new video comes out I have to watch
What do we want?
Deregulation
When do we want it?
Shit, all my money’s gone!
🤦♂️🤦♂️🤦♂️
🤣🤣
I remember someone in the c-suite of Tron mentioning they were getting into the algo stable world. That was on the heels of Luna falling apart. This hot mess is backed by them.
I'm gonna need a translation on that first sentence
I love you. Just good analyse, as always.
Wow I been subscribed since you had about 120k subscribers. Congrats on over a mili!
Watching this in November and hearing the name Alameda Research is like a jumpscare
Seeing Alameda research here is so wild.
Yes, when he sais it around 3:30 I thought well, this video also aged well :-o
He was on London Real, enough said.
I was always sceptical but this justified my thoughts. Wish I found your channel sooner. Cheers 🍻
I stayed away from crypto entirely because, when it was explained to me, there was a lot of confusing details thrown at me but a distinct track of "this sounds like a scam" running through it. If this channel has taught me anything, it's that I made the smart choice to just stay away from that entire market.
I got a few questions. It's great that this channel is out there and provides essentially what is a public service, calling out these bad actors and alerting the general public to various scammers and such. That is potentially valuable since that kind of information helps prevent people from losing their life savings and being screwed over by these guys.
What is coffeezilla's main revenue source? Is it merch, advertising, donations? Does he provide audits or recommendations?
Probably sponsors and ad rev
TH-cam ad revenue and now patreon
he has a patreon
Great video as usual. To me it's just insane how governments keep allowing this, the chance this will end in tears and wipe out retail is 100%. This will be a chapter one day on the insanity starting with 2020 in history/economic literature and yet we are mid 2022 and people are still free to do this, absolutetly incomprehensible.
They allow it because they win on it being legal. Isn’t like Nancy pelozi husband like one of the most successful traders of all time?
Keep allowing this? You're kidding right. Whilst government's are running the biggest Ponzi of them all. The stock market is a complete fabrication, the property market is in a huge bubble that only benefits the banks, and this is world wide. Currencies are crashing everywhere, the Japanese central bank is in a war trying to keep the Yen from crashing. The amount of money in Crypto is pittance compared to what is being lost around the world currently. The insanity started in 2008 when the world economy died and government's have not just allowed it to continue but are part of it.
it's not the responsibility of government to prevent people from engaging in stupid acts. Is it within the government's authority to ensure material facts are disclosed, showing it is a stupid act? Probably. But, if you know what crypto is and still buy it, it's all on you.
Crypto bros will scream "crypto will have no meaning if it's regulated by someone" Then scream when crypto crash why no govt bodies are helping them. Again a chicken and egg problem.
Many governments around the world have banned cryptocurrency. One example is the Chinese government.
But they are painted as evil lmao
Thank you, your excellency
That fact that a company can promise a risk free annual return of >40% and that investors actually believe that claim just blows my mind.
How in the blue hell is anybody going to be able to promise that type of return as risk free? Did they discover or invent a money growing tree?
Yes they did it's called Merkel tree and one of the root technology's cryptocurrencys build on. But yeah call money tree.
If you calculate average annual crypto returns you are in 4 years
In the last 15 years at a minimum return of 30% per year and maximum of 400% depends on the dcay and calculation method
@@peernetwork Yeah, but crypto is anything but risk free. People who bought BTC at $60k aren't getting that 40% return, are they?
Crypto is an extremely volatile and speculative investment vehicle. Anybody saying any otherwise is ignoring reality.
Yes they did. It's called idiots with money. A kind of fruit that grows mainly in North America.
they deserve to lose if they are that stupid
@@peernetwork you're going to stay poor because that is absolute nonsense. As a dollar amount, how much more money do you have right now from crypto not including BTC? Anything?
Interesting to watch this now with regard to Alameda eh? You know Tron is involved, and Sun is deep in with Binance too....
Keep up the good work, you are one of the few here sending the correct message: crypto is all ponzi!
Well, he was able to figure out all of that through the crypto technology, i mean he traced back all the activities on the Blockchain. Nothing is hidden on the Blockchain. However, people are so dumb and lazy to go and figure it out themselves, greedy people!
I hope you can see the empowerment there, it's just people need to embrace it.
My favorite show, it's it's good day with new coffeezilla
I can't get over YOUR EXCELLENCY
8:55 hey! Alamada involved in this coin? how is this USDD doing lately, i wonder?
Coffee is one of the best things to happen to crypto
This is 100% what he is doing. Right on the head. Great work.
Fun fact: Justin Sun (Tron) was Charles Hoskinson's (Cardano) role-model back in 2018.
I hope, in the future, we get a Coffeezilla series covering the trials where all these grifters are charged with securities fraud. I hope..
We can only hope
Probably won’t happen, but it would be beautiful to see.
YES PLEASE YES 🙏
A compilation
Unfortunately these are the kinds people who have designed the world economy. It's set up to facilitate them, not punish them.
How the fack you put out so many quality videos after a week or less of research :0
Do something hard long enough it becomes easier and easier. Everyone has their own cap though.
because he know y’all not going to recheck his work and just believe everything he say
God tier reporting per usual
Thanks coffeezilla after watching your videos
Iknow what to do to make a successfull ponzi scheme
Crypto is basically just a way to take billions of dollars from a lot of people and hand it to a powerful few
Wow man you think of that all by yourself 🤣🤣🤣
Yes
It's become the thing that it set out to claim to fight against.
So capitalism, but hyper-accelerated
@@goonerbear8659 and catered to short sighted idiots
I think you’re 100% right, it’s just a clever way to unload TRX.
Appreciate you!
You are the man Coffee
Dude imagine thinking you’re a working class citizen that has a voice in this country.
What I find amusing about all of this is that they are basically trying to centralize crypto, lol.
thanks fo the info ,ser
Love your videos
I wish I could invest in Ponzi schemes and crypto scams. Not literally investing in multiple different companies and coins, but invest in the idea, quantity, and propensity of them. If I could go back a year and a half and do that, I feel like the returns would be off the charts!
Need a ponzi index fund lol
I love your videos man, your content is eye-opening and TH-camrs like you are bringing stability to the community, PLEASE do a video on Bitgert, I know I could smell bullshit coming from them
Great video.
Great video!
You know you can't trust a guy who named after himself "His Excellency" lmao.
🤣
Excellent analysis
you busting cheeks this weekend lad?
I love when decentralization actually means monopoly.
You are doing God's work my man
At 39% interest, they will burn through that 300% collateral in less than 4 years.
👆👆👆
Hit me up
I don't think it would take more than a few months to get rid of USDD and turn it into something else.
Hey coffee, I just watched @philion video of bored ape yacht arguing pretty well that the creators made the NFTs as a big racist troll. I would love your take on it, as you are the DeFi Sleuth. Hopefully others are interested too
Did phillion make that vid before or after UEG (Upper Echelon Gaming) did a video on the exact same topic?
@@mickeyboyracer does it matter? It was a good video. we already exist in a simulacrum at this point
@@mickeyboyracer It was after, but also much more in depth that included stuff philion was working on since last year - at least according to him
Coffeezilla, bro... THANKS A LOT!
👆👆👆
Every crypto is a ponzi pyramid scheme. There isnt one that isnt there are just better, bigger, or more elaborate ones. And yes im talking about bitcoin as well, obviously being the biggest and most convoluted one. Don’t forget there are people at the top that get rich from ponzis/pyramid and a few little guys might also get lucky as well if they just so happen to get in early enough. Same applies to every single crypto “stable”, “shit”, or “meme” coin its all the same.
I smell sum ting wong
I'd love to see a comprehensive video by you about what you feel is a sensible way of going about investing nowadays. Like, not the insane "imma go all in on some meme coin" nonsense but just a healthy approach to it. What websites or tools should be used, what kinda stocks should be avoided or focused on etc.
If anyone here has some input on that, I'd be interested to hear it.
Just get a normal standart job you enjoy, and you will be making money with a smile on your face every single day.
Drinking Challenge Sudden Death Edition: Take a shot every time alameda research is mentioned in a coffeezilla video before the ftx collapse
I always simplify my life, i.e. if the Oracle of Omaha doesn't endorse crypto then I'm not buying crypto; if he buys Verizon stocks then I'm buying Verizon stocks (I already did when he made that move). I would rather listen to successful people that are tried & tested than listen to "unknowns".