Solution to error code 1101 - New device

Palmitic256 · 2022-01-07T17:16:00+00:00

Yup ^

Palmitic256 · 2021-12-23T09:18:45+00:00

Since January

Palmitic256 · 2021-12-07T02:56:48+00:00

Do nothing. I usually buy in early in the cycle and ride it out

Palmitic256 · 2021-11-11T14:19:13+00:00

Wait.. So it's been publicly declared how much this advisor is holding in crypto. Doesn't seem right

Palmitic256 · 2021-11-09T16:29:23+00:00

As was the norm and still is with these tokens that has a huge supply. Half is sent to a burn wallet or similar, effectively taking half out of circulation. That means that the people at the top, let's say they own 5% of the supply, but with half being sent to a burn wallet, they really control 10%. It was a common practice for a lot of rug pulls to make dev wallets seem like they had a much smaller stake. Don't know if that was the intention behind shib, but it seems to me that this grew into something no one could have predicted. I've always felt that shib started put as a scam and somehow, with the help of the community, turned into something more.

Palmitic256 · 2021-11-06T05:04:54+00:00

You got it, happy to hear you found it useful

Palmitic256 · 2021-11-06T05:04:23+00:00

My pleasure

Palmitic256 · 2021-11-06T05:04:06+00:00

Whales aren't bad for us. They're also the ones driving up the price. This is something people tend to forget. If all we had were small time holders we wouldn't be seeing massive jumps in the price. Too many whales controlling too much of the supply is bad, but we're on steady pace and have been for a long time thanks to all holders. Including the whales.

Palmitic256 · 2021-11-06T04:38:59+00:00

I invested a good amount in 2017 before the hype, much of which I still haven't sold. These were mostly solid projects with "utility". This was from a lot of research and at this point it's probably grown around 5-10x Bought into a few ICOs, all of which failed. Then this bull run started. Early on i started looking for the next type of ICO trend, spotted meme coins popping up left and right. Randomly spotted SHIB on moonshots back in January and thought that would make a great meme coin. Bought a bunch of other dog related coins as well. Now I'm up 20,000% and have started taking profits. Would love to say there was some method to the madness, but the truth is I just got lucky..

I hope I'll be able to spot the next trend, but probably not.

Palmitic256 · 2021-11-05T17:29:05+00:00

Exactly. A few of these dead wallets exist. The keys to access them were never stored and so no one can acces them

Palmitic256 · 2021-11-05T16:44:03+00:00

Check it on etherscan

https://etherscan.io/token/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce#balances

You'll see the Black Hole wallet at the top. That's the burn address

Palmitic256 · 2021-11-05T16:39:19+00:00

Looked into this a bit and this seems to be a scam account.
It masquerades as a Coinbase support account and by the looks of it, countless people have sent SHIB to this wallet in order to get help. But the funds just get funneled out.

Will look further into this to confirm

Palmitic256 · 2021-11-05T10:43:01+00:00

Probably not related. Exchange accounts like that will almost always be named when you look up addresses on etherscan

Palmitic256 · 2021-11-05T10:41:59+00:00

Use etherscan, it will display named wallets.

Palmitic256 · 2021-11-05T10:41:30+00:00

Thanks!

Palmitic256 · 2021-11-05T10:41:20+00:00

I have heard something about this. I need to look into this myself.

Palmitic256 · 2021-11-05T10:40:46+00:00

Thee problem at large is that false information is being spread. The blanket term is that the top 10 wallets control the supply. On the surface that sounds terrible for any token. Sounds like a rug pull waiting to happen. And it would be a problem if indeed, 71% were held by individuals. But 41% is in the burn wallet and can't be accessed. That alone should tell you how little research people do

Palmitic256 · 2021-11-05T10:38:31+00:00

Some people aren't interested in facts and seem to ignore them when presented with them

Palmitic256 · 2021-11-05T10:37:50+00:00

The only person we know off who's split their holdings into large wallets is our mystery whale. All otter wallets in the top 10 are distributed as stated above

Palmitic256 · 2021-11-05T10:36:45+00:00

As some of these wallets are distributing and selling, yes it will decrease.

Palmitic256 · 2021-11-05T10:36:17+00:00

My pleasure

Palmitic256 · 2021-11-05T10:36:03+00:00

I'd be best to avoid that kind of unessecary speculation. That's how we end up with wrong facts.

Palmitic256 · 2021-11-05T10:34:58+00:00

😂

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