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Re: weedtrader420 post# 32409

Saturday, 07/16/2022 7:39:19 PM

Saturday, July 16, 2022 7:39:19 PM

Post# of 57402
They may call it a split but its a different chain. Its not the same blockchain. It is really an entirely different token. The problem with SHIB is concensus. No one owns it. There is no entity in charge. So, how do you get the community to agree on something? I have an idea how you might go about it but to be honest I dont know enough about how the PoS is baked into SHIB. Thats were some tokens get consensus is PoS. So basically its like BTC, how in the hell do you get all exchanges to go along with new chain and wallets (in BTC case its the miners)? Very tricky, so to call it a reverse or forward split just shows it never was true crypto. Bunch of horse crap if you ask me. It is a BS scam thats controlled by its developers. These others you mentioned are controlled by one or two people and thats why they usually fail. Thats my argument against most tokens and why I stay away from them. SHIB is one of the handful of tokens I own. It cannot be controlled like others , I.e. SOL when they had problems with that token the people in charge could shut down the whole network. You cant do that with SHIB or BTC (there are others) Satoshi knew what he was doing. SOL could shut the whole token down, but you cannot do that with SHIB. As long as wallets are confirming transactions on the network and some dedicated servers confirming transactions, SHIB rolls on. BTC same way, parts of netwrok can go down, but as long as miners are confirming (and wallets) it runs on its own. No one entity can change the blockchain or shut it down. True crypto has consensus for changes , bullcrap scams do what they want to do

Do your own DD, my posts are highly opinionated. If you do not agree with my posts, feel free to block me. I am not an investment professional nor do I give investing advice. You alone are responsible for your investments

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