{"id":229135,"date":"2024-07-22T17:51:45","date_gmt":"2024-07-22T17:51:45","guid":{"rendered":"https:\/\/newhampshiredigitalnews.com\/index.php\/2024\/07\/22\/the-rug-pull-that-funded-a-tall-tale\/"},"modified":"2024-07-22T17:51:45","modified_gmt":"2024-07-22T17:51:45","slug":"the-rug-pull-that-funded-a-tall-tale","status":"publish","type":"post","link":"https:\/\/newhampshiredigitalnews.com\/index.php\/2024\/07\/22\/the-rug-pull-that-funded-a-tall-tale\/","title":{"rendered":"The rug pull that funded a tall tale"},"content":{"rendered":"


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Can a scam have a surprising motive? This crypto story will leave you in disbelief.<\/p>\n

One of the funniest things about crypto is how people and companies have tried to make sense of it. There\u2019s been a lot of trial and error, and some of those errors are just too funny not to share.\u00a0<\/p>\n

So, get ready to laugh as we dive into some of the funniest, most bizarre, and downright entertaining moments in crypto history.\u00a0<\/p>\n

The short king\u2019s tall tale<\/strong><\/h2>\n

The crypto world is no stranger to bizarre events and wild swings, but meme coins take this unpredictability to another level.\u00a0<\/p>\n

However, with great excitement comes great risk, particularly the dreaded rug pull.<\/a> This scam, where developers vanish with all the invested funds, is a common hazard in the meme coin world.<\/p>\n

One recent story involves a meme coin that had garnered quite a following. Investors were excited, the community was buzzing, and everything seemed to be going well \u2014 until the developer decided to pull the plug.\u00a0<\/p>\n

But this wasn\u2019t your typical exit scam. The developer didn\u2019t disappear into the ether out of greed or fear; he did it for height-lengthening surgery.<\/p>\n

Yes, you heard that right. In a move that left the crypto community both shocked and amused, the developer posted a farewell message explaining his decision.\u00a0<\/p>\n

Screenshots from Telegram chats quickly made the rounds, showcasing the developer\u2019s final words to his community. He candidly shared his struggles with self-esteem and his desire to change his life through surgery.<\/p>\n

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He confessed that he had struggled with his height for years and couldn\u2019t bear being a \u201cshort king\u201d any longer. The funds from the rug pull, he explained, would allow him to undergo surgery to add a few precious inches to his stature.<\/p>\n

As the news spread, reactions poured in from all corners of the internet. On X (formerly Twitter), one user humorously dubbed it \u201crugging with honor,\u201d praising the developer\u2019s unexpected honesty.\u00a0<\/p>\n

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Honest dev, support fully.<\/p>\n

Rugging with honor.<\/p>\n

\u2014 Kenpachi (@CryptoKenpachi) July 20, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Another user chimed in, joking that we\u2019ve reached a point where even rug pulls can be seen as acts of integrity.\u00a0<\/p>\n

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We are in a time where rug is an honour now<\/p>\n

\u2014 Degen bids (@degenbid) July 21, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

When stablecoins and boomer logic collide<\/strong><\/h2>\n

This is a story from Reddit<\/a> about a user who invested his dad\u2019s money in crypto and ended up with a hilarious tale to tell.<\/p>\n

It all started when the user\u2019s dad, knowing nothing about crypto but trusting his son\u2019s knowledge, handed over some money to invest. The dad understood the risks and the volatility but believed in his son\u2019s abilities.\u00a0<\/p>\n

The user, being cautious, decided to keep a good portion of the investment in USDT<\/a>, a stablecoin designed to maintain a steady value.<\/p>\n

To keep his dad informed, the user downloaded a portfolio app on his dad\u2019s phone so he could see how his investment was doing. Then came the fateful afternoon.\u00a0<\/p>\n

The user was in an important meeting when his work phone started buzzing repeatedly. Worried that something was wrong, he answered it quickly.<\/p>\n

On the other end, his dad\u2019s voice was full of concern and curiosity. \u201cHey,\u201d he said, \u201cI\u2019ve been tracking this coin USDT you bought, and it\u2019s not doing much. It\u2019s not fluctuating at all, but I\u2019m really expecting it to rise soon. What do you think?\u201d<\/p>\n

The user couldn\u2019t help but laugh. His dad was genuinely worried about the stablecoin not moving, expecting it to behave like the volatile cryptos he had heard about.\u00a0<\/p>\n

After explaining that USDT is supposed to stay stable and not fluctuate, they both had a good laugh about the misunderstanding.<\/p>\n

When crypto newbies confuse security with the next big opportunity<\/strong><\/h2>\n

The crypto world is a magnet for all sorts of characters, from disciplined investors to absolute beginners looking for a quick fortune. And, sometimes, these newcomers can turn even the simplest concepts into comedic gold.\u00a0<\/p>\n

This story begins with a tweet from Ambroid, a seasoned crypto trader. In January 2018, he tweeted, \u201cIf you don\u2019t have 2FA on your exchange accounts just f\u2022\u2022king unfollow me aight?\u201d\u00a0<\/p>\n

For those in the know, 2FA, or two-factor authentication, is a crucial security measure that adds an extra layer of protection to online accounts. But for some crypto novices, the term 2FA sparked a whole different kind of curiosity.<\/p>\n

Enter one user, who replied, \u201cIs 2FA the next XRP??\u201d XRP<\/a>, or Ripple, was a well-known cryptocurrency at the time, and Mike\u2019s question suggested he thought 2FA was another hot investment opportunity.\u00a0<\/p>\n

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Hot on his heels, another user chimed in with, \u201cWhere can I buy 2FA? \ud83d\ude42 Coinmarketcap does not list it.\u201d<\/p>\n

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Where can I buy 2FA? \ud83d\ude42 Coinmarketcap does not list it.<\/p>\n

\u2014 Jeab Rorest (@RorestArts) January 10, 2018<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

The crypto community was left in stitches, unsure whether these replies were genuine questions from clueless newbies or clever trolls having a laugh.\u00a0<\/p>\n

When a couple\u2019s crypto dreams turned into a nuisance<\/strong><\/h2>\n

This story from the BitcoinTalk forum in 2018 is a perfect example<\/a> of how a lack of knowledge can lead to unexpected situations.<\/p>\n

It all started with a middle-aged couple who decided to dive into the crypto world. They had heard all the buzz about crypto and wanted to get in on the action.\u00a0<\/p>\n

Excitedly, they bought what they believed to be 1 BTC<\/a> for $1,000. Overjoyed with their savvy investment, they reached out to a friend for advice on how to sell their newly acquired Bitcoin.<\/p>\n

Their friend, well-versed in crypto-trading, sent them links to various articles and blog posts explaining the process of buying and selling Bitcoin.\u00a0<\/p>\n

Confident that they could handle it, the couple set out to sell their Bitcoin. But soon, they were back in touch with their friend, frustrated and confused. They simply couldn\u2019t figure out how to sell their Bitcoin.<\/p>\n

Sensing that something was off, their friend decided to visit them and help out in person. When he arrived, the couple proudly showed him their Bitcoin. But instead of a digital wallet or a QR code, they presented him with a plastic coin emblazoned with the Bitcoin symbol.<\/p>\n

The friend was stunned, trying to suppress his emotions. The couple had bought a physical novelty item, not the digital currency they thought they owned. It was a plastic coin, a souvenir, utterly worthless in the crypto market. They had been scammed but in the most comical way possible.<\/p>\n<\/div>\n