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578 sats \ 16 comments \ @grayruby 28 Jul Stacker_Sports

Here Come the Grifters

There is a saying that the market is forward looking. It appears the grifters are also forward looking. Even though we haven't really kicked off a raging bull market yet, whether it's musical artists, presidential candidates or sports athletes, the pump and dumps are upon us.

Here is the latest exhibit I submit to the court:

https://game5ball.com/

That's right former Bulls legend Scottie Pippen is tokenizing a basketball (yes, you heard that correctly). The ball will remain in Scottie's possession. You will have no legal authority over any fractional ownership of the ball but you will get a token you can degen trade. I marvel at the INNOVATION.

The best part is Tokenomics: Coming Soon.

Can't we just fix the money, fix the world?

Sats for all, GR

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100 sats \ 3 replies \ @Undisciplined 28 Jul

Ever since The Last Dance, Scottie's just gotten consistently shittier.

42 sats \ 2 replies \ @grayruby OP 28 Jul

Still reeling over his ex wife hooking up with Jordan's son.

40 sats \ 1 reply \ @Undisciplined 28 Jul

Did they get married?

42 sats \ 0 replies \ @grayruby OP 28 Jul

I think so or are planning to do so.

50 sats \ 0 replies \ @Chronicsats 29 Jul

Couldn't agree more – the grifters are indeed out in full force, and this Scottie Pippen basketball tokenization scheme is a perfect example of the absurdity. It's almost comical how these pump-and-dump schemes are becoming increasingly bizarre, targeting fans' emotions rather than offering any real value or utility. The fact that buyers won't even have legal ownership of the ball, just a tradable token, really highlights the emptiness of these projects. You're spot on about the need to fix the money to fix the world – focusing on sound monetary principles like Bitcoin's scarcity model seems far more productive than these tokenized gimmicks. It's a shame to see respected figures like Pippen getting involved in such questionable ventures.

50 sats \ 0 replies \ @SatsMate 28 Jul

Hoping the sensible regulation that comes will stop the scammers. I was at the conference this past week, and there were definitely many grifters amongst us.

50 sats \ 0 replies \ @pj 28 Jul

Bankrupt Scottie? The man who signed the worst deal in nba history is making another poor financial decision!

20 sats \ 0 replies \ @Satosora 29 Jul

Sounds like a way for him to own it while everyone else pays for it.

20 sats \ 0 replies \ @IamSINGLE 28 Jul

Ughh! The thieves are back to stealing!

20 sats \ 1 reply \ @Coinsreporter 28 Jul

This sounds more like NFT or ordinals! Or, am I just missing something?

0 sats \ 0 replies \ @grayruby OP 28 Jul

Yes. It is a pump and dump scam but it's notable because it is conducted by a very famous basketball player.

20 sats \ 2 replies \ @Athena 28 Jul

Keep updating about the progress.

11 sats \ 1 reply \ @grayruby OP 28 Jul

I won't be speaking of this project again. I just wanted to show stackers that we are getting to the phase of the bull market where entertainers and athletes are jumping into crypto to try and get their piece of the pie.

20 sats \ 0 replies \ @Coinsreporter 28 Jul

I'll be telling them not to fall prey of such attempts. In fact they are my tribe and still very new in Bitcoin's world. Also they might have taken it for a positive thing.

20 sats \ 1 reply \ @BitcoinAbhi 28 Jul

Interesting I'll keep eye on it.

0 sats \ 0 replies \ @grayruby OP 28 Jul

Don't bother it's not worth your time.