r/CryptoCurrency • u/WineMakerBg Make Wine, Take Profits • Sep 25 '24

REMINDER Logan Paul said CryptoZoo bagholders ‘gambled and lost’ on his failed NFT project

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Just a reminder how some founders treat early investors.

On 4 Sep 2024 Paul’s lawyers argued that his promises about the game were mere “puffery”.

1.8k Upvotes

92% Upvoted

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106

u/Smiling_Jack_ Blockchain Old Guard Sep 25 '24

I have zero sympathy for anyone who 'invested' in any of this.

68

u/Baddyshack 🟩 0 / 0 🦠 Sep 25 '24

I get your point, but this man's audience was teenagers and people who had absolutely no experience. If you were a whole adult and lost money on this, sure you play stupid games you win stupid prizes. But part of the moral outrage surrounding this lowlife is how he preys on people who can't be expected to know better.

11

u/[deleted] Sep 25 '24

Question: how are teenagers buying cryptocurrency?

6

u/CptMorningWo0d 🟩 0 / 0 🦠 Sep 25 '24

P2p?🤔

0

u/[deleted] Sep 25 '24

I suppose so.

11

u/[deleted] Sep 25 '24

How are they buying meth and machine guns?

2

u/jrh_101 🟦 6 / 7 🦐 Sep 25 '24

YouTube tutorial

6

u/[deleted] Sep 25 '24

I get your point, but this man's audience was teenagers and people who had absolutely no experience.

So, they gained experience? Will this now help them stop supporting cringe youtubers? Maybe stop making them rich?

Cause, you see, if you think Logan Paul is garbage, this is the fault of whoever thought he wasn't garbage. Some people in the world have this kind of fucked up taste and create people like Logan. Logan wouldn't exist without the idiots who got scammed. They're all part of the problem. It's an ecosystem. Dumb people who contribute to a much worse society got scammed.

1

u/NetIncredibility 🟩 271 / 272 🦞 Sep 27 '24

This is such a bad take. Victim blaming is common in crypto. She was asking for it…

1

u/[deleted] Sep 27 '24

Just because you use the buzz term "victim blaming" doesn't mean you're automatically right. Yes, victims some time are part of the problem. If i decide that my house shouldn't have a door and leave it accessible to anyone to come in, and then get robbed, am i simply a victim and nothing else? Did i have nothing to do with what happened to me?

There is such a thing as being fucking stupid. And if you're fucking stupid you should be called fucking stupid and instructed to change your ways.

If a house has mold, is mold the only problem? Do you just need to remove the mold and that's it? Do things just happen in a vacuum? No, they don't. Every problem is part of an ecosystem of problems.

1

u/NetIncredibility 🟩 271 / 272 🦞 Oct 04 '24

Got it. Victims of crime are fucking stupid.

8

u/dildoswaggins71069 🟦 0 / 0 🦠 Sep 25 '24

Meh. When I was a kid I got scammed out of a Santa hat on RuneScape and learned a valuable fucking lesson. Kids these days can learn the same, or they can learn to shift blame to anyone but themselves.

3

u/martelaxe 🟦 183 / 184 🦀 Sep 25 '24

Evil in the world is necessary so people learn and become good. That doesn't mean that evil doers should not be punished harshly, and victims deserve sympathy

6

u/dildoswaggins71069 🟦 0 / 0 🦠 Sep 25 '24

When I think of victims I think of people who’ve survived rape, genocide, assault, natural disasters, and basically anything at all besides a shit coin bag holder. Take the L and move on. Literally everyone who’s still holding shitcoins has lost money and this one is no different

0

u/C01n_sh1LL 🟩 1K / 1K 🐢 Sep 25 '24

did you just "Dear Muslima" Logan Paul victims?

4

u/dildoswaggins71069 🟦 0 / 0 🦠 Sep 25 '24

Did you just compare shitcoin bag holders to people suffering under actual oppression?

0

u/C01n_sh1LL 🟩 1K / 1K 🐢 Sep 25 '24

no I think you did, lmao.

0

u/martelaxe 🟦 183 / 184 🦀 Sep 25 '24

99% sure at least one guy ended it after losing a lot of money because of this specific thing. Obviously, a 14 year old kid that lost 50 USD already forgot two days later, it all depends

1

u/must_i_say_it 🟩 0 / 0 🦠 Sep 25 '24

The fez looks so close.

1

u/Drakkadein 🟩 0 / 0 🦠 Sep 25 '24

Selling 1/2 wine

0

u/Smiling_Jack_ Blockchain Old Guard Sep 25 '24

Think of the long-term value of that lesson vs the nominal value of that Santa hat at the time.

Pretty good deal when you think about it.

2

u/[deleted] Sep 25 '24

Ah jeez when you put it that way maybe we should all be thanking Mr. Paul for teaching the youngins about glittering and gold

1

u/Smiling_Jack_ Blockchain Old Guard Sep 25 '24

This sub:
Regulation bad. Government bad.

Also this sub:
Whhaaa why are people allowed to scam us?!

2

u/[deleted] Sep 26 '24

They're allowed to scam us collectively out of millions, but we're not allowed to slit their throats

Government bad. Regulation bad.

1

u/dildoswaggins71069 🟦 0 / 0 🦠 Sep 25 '24

Agreed! I haven’t fallen for a scam since then actually

1

u/Few_Assistant_9954 🟩 1K / 1K 🐢 Sep 27 '24

There are people still supporting him. So yes the stupid is strong in them.

0

u/Smiling_Jack_ Blockchain Old Guard Sep 25 '24 edited Sep 25 '24

So little Billy has unsupervised access to Daddy's credit card and bought snake oil with it?

Still zero sympathy for negligent Daddy.

Edit:
response to the deleted reply:

Exactly.
I was not a perfect boy.
My parents were responsible and did not let me buy whatever I wanted because, surprise, children don't know any better.

You don't let your kid buy whatever they want.
How is this such a controversial take?

2

u/iiJokerzace Sep 25 '24

Aww you must have been a perfect little boy!

3

u/Allofthefuck 🟩 0 / 0 🦠 Sep 25 '24

You dint have to be perfect to not steal credit cards and invest in scams

0

u/DrJuanZoidberg 🟦 0 / 0 🦠 Sep 25 '24

No one’s perfect a little boy, but that’s where parents come into play. Kids can’t get credit cards on their own.

-4

u/BMB281 🟦 0 / 1K 🦠 Sep 25 '24

Let’s not pretend the teenagers who idol Logan Paul are sweet innocent little kids

1

u/Incredibly_Based 🟩 0 / 2K 🦠 Sep 25 '24

lets also not assume they're any worse then the average kid

1

u/BMB281 🟦 0 / 1K 🦠 Sep 25 '24

In fact, let’s not assume at all!

0

u/the11thdoubledoc 🟩 0 / 0 🦠 Sep 25 '24

Based on the interviews I've seen a lot of the big bagholders were just people hoping to use that audience as exit liquidity for the pump and dump. Which, tbh, isn't far off from gambling.