vortex

That's a fair question - to be sure, any and everyone can technically buy the coin.  I'm no expert on Crypto either, so my understanding may be incomplete - However, as the available volume is purchased (last I heard less than 1% was still freefloating or whatever that is called), it goes from widely available to supply shock mode where that which is available is only from those in the system, so the price goes up as it's only available if you convince 'one of us' to sell with a price that's higher. So in order for the J's or others to buy is to pay much more, thus disincentivizing them to screw with this coin because the available volume is so small and the price is too high to screw with, and if they do, it's us who reaps the proceeds instead of some other blood sucking system (ie - banks or whatnot).  
Typically with these coins the owner/creator owns a large portion, 50+% and once the price starts to go up, that person can rug pull and extract all the money.   
Stew Peters however, presuming one believes him, isn't going to do that. If you know Stew Peters, you likely are fairly confident taking him at his word, as I am. As he owns 80+% of the volume and wont sell, people who don't want to take part but instead want to try to manipulate will find it cost prohibitive to do so.  
Stew does a better job explaining it all though, probably worth going to his Rumble and watching.

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vortex · 4/24/2025, 9:47:45 PM · permalink

on Taxes folks. If you live in America, do you ever think about all the taxes you pay? in freethinkers

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vortex · 4/24/2025, 9:43:32 PM · permalink

on Thanks Matt and Peter in freethinkers

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vortex · 4/24/2025, 9:42:09 PM · permalink

on Oy Trump converted on 07'? in compromisedamerica

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vortex · 4/24/2025, 8:01:05 PM · permalink

on Taxes folks. If you live in America, do you ever think about all the taxes you pay? in freethinkers

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vortex · 4/24/2025, 7:58:15 PM · permalink

on Thanks Matt and Peter in freethinkers

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vortex · 4/24/2025, 7:56:19 PM · permalink

on “Debt Is Freedom!” – A Love Story Between American debt cultrure and Their Credit Scores in freethinkers

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vortex · 4/24/2025, 7:52:29 PM · permalink

on These muthafuckers are demons... in freethinkers

And yet again! These people...If these things are what bother you like they do me, I suspect you would probably be as interested in the $JProof (not sure if using Twitter formatting is the right idea here or not yet, pardon me if not) coin that Stew Peters recently launched as I am. Less than 21 days old, but popped pretty fast then came back in and is finding it's support base. I myself am in, buying more on the way to discovering the bottom.

Stew talks about it on multiple streams, which I can link to if that's desired, but one can find his video's on Rumble with JProof in the title easily enough. JProof.ai for those interested. The idea strikes me as being very similar to what GME was supposed to be about - putting a portion where TPTB don't hold all the sway by controlling everything as Stew holds around 85% of the total supply and won't sell.

If one doesn't want people like this having all the power, then building this up is a way to help make us JProof. I know Matt Kim has talked about how personality based coins are likely part of the future, and that a certain group of people who wear small hats are consistently linked to undesirable actions, so joining arms with others who want to build a coin where they can't rug pull it is something that seems like a natural fit for this community to join along with.

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vortex · 4/24/2025, 7:48:07 PM · permalink

on The Great Jewish families of New York. in compromisedamerica

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vortex · 4/24/2025, 7:41:49 PM · permalink

on Oy Trump converted on 07'? in compromisedamerica

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vortex

Anyone getting in on $JProof?

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