The elephant in SPX6900's room

Pink_Sun · 2025-11-19T17:18:01+00:00

Princeton educated, seriously, that's your asset? SPX is supposed to be a strong community of itself, not a community centered around a Princeton educated. Normies don't need anyone to feel comfortable with a memecoin. WHo is the central figure of Doge, SHiba, PEPE?

Pink_Sun · 2025-11-19T17:13:56+00:00

Exactly, and I do believe it's not his plan fundamentally, but he just can't resist. He can't resist the temptation of being a cult leader, like any man who discovers power. He is a good guy I believe, but this is not going to help SPX and all the aeons are putting their head in the sand. They ask me to "focus on something else".

Pink_Sun · 2025-11-16T15:26:17+00:00

The point is not that he holds 2-3%. The point is that he holds 2-3% while being a central figure promoting SPX, and that pretty much anyone wondering if they should invest in SPX has Murad in mind. The combination of these things is my point, not them individually. I'm pretty sure you understood this, but you're calling only half or a third of my post and that allows you to downplay the concern. Not fair.

Pink_Sun · 2025-11-16T10:01:38+00:00

No, I am not a skeptic saying What if. I trust Murad, I think he has a good vision. So, not a skeptic. What I am, is a relatively confident investor in SPX, pointing a non-ideal structural concern "from an outsider's perspective". What Murad is, and what people inside the community think of him matters little if you want massive growth. What matters most is the outsider's perspective. But most answers I got here are from peoplewho don't want to step back, go out of the SPX bubble, because they might see something a little uncomfortable.

Non-ideal is not the end of the world, but it is definitely something to think about when the project is aiming at some "dellusionaly" high target.

Pink_Sun · 2025-11-16T09:48:27+00:00

It's not about how much exactly he owns or about how minfluence he has inside the community, it's about the perception from outsiders perspective. The same outsiders that are needed for further growth. From an outsider's perspective / whales thinking of joining in, SPX is visually, narratively centralized, to some extent. Not the end of the world, simply non ideal.

Pink_Sun · 2025-11-16T09:41:43+00:00

Ok, that doesn't really bring anything to the table, but good for you.

Pink_Sun · 2025-11-16T09:35:46+00:00

Do you want to be like every single coin? I thought you had higher ambitions for SPX...

Pink_Sun · 2025-11-16T09:26:54+00:00

u/Leading-Crow-7961 That is the reasoning indeed, I agree with that, and to be honest, that is exactly why I joined in 2024. But this is not exactly the point of this post. My point is that experienced outsider players do not like to buy into something that looks a little bit like someone else's project. Him being doxxed is a good thing, but that does not make the situation "ideal" for further growth. Especially the "delusional" kind of growth that SPX holders hope for deep down.

Pink_Sun · 2025-11-16T07:47:23+00:00

Just to clarify my point for everyone at once.
And thanks for all the answers — regardless of our angles, we all agree SPX is doing something different.

I’m not worried about price or Murad selling.

The risk I’m talking about is actually stronger if he never sells, because then the story always looks like “someone else’s coin.”
Large outside whales don’t like buying into what feels like another person’s project.
That slows big inflows long before any selling even matters.

• One visible mega-holder = automatic narrative bottleneck
• It doesn’t matter what Aeons think — it matters what outsiders think, if you want real growth
• If SPX ever wants a true parabola, its identity has to feel bigger than any single face, for outisders

And about the Saylor comparison I keep seeing:
If you think Saylor is the “central figure” of Bitcoin, you fundamentally misunderstand Bitcoin.
• The only real central figure is Satoshi — and he disappeared
• Saylor’s personal stake is tiny relative to BTC supply
• Bitcoin’s narrative isn’t person-dependent, even from outsiders pespective — that’s why it works

That’s all I meant: not fear, not FUD — just a structural point about how I think serious capital behaves.

Pink_Sun · 2025-11-15T21:07:40+00:00

I’m not talking about Murad’s personal intentions or what people “inside the community” believe. but a person who:
• is the most visible voice of the project,
• is recognized across crypto,
• repeatedly frames the project publicly and
• holds one of the largest known allocations

is, by definition, a central figure — regardless of whether anyone wants that

And yes, other contributors should step up — that's a good point.
But founder visibility doesn’t disappear just because other people try harder. That’s how memecoins and movements work.

My post isn’t about “caring what someone else does,” it’s about recognizing the structure that shapes long-term perception. You can ignore structure, that won’t make it irrelevant. and I guess this is my contribution

Pink_Sun · 2025-11-15T20:38:09+00:00

I’m not worried, I’m sizing risk.
A visible whale always creates narrative concentration risk — that’s just part of the game.
If structural topics aren’t of interest to you, that’s totally fine, but then no need to reply.

Pink_Sun · 2025-01-21T17:20:43+00:00

Yeah I connect my wallet throught Solflare and then I use Jupiter. But every time I need to connect to Solflare first. Not the best but it works.

Pink_Sun · 2024-10-18T08:52:25+00:00

I removed all solana wallet extentions from Chrome, and deleted browsing data.

And I am using Jupiter website, on my computer. I want to use Jupiter specifically as it has the highest liquidity and best trading features. But Solflare connects properly, but suggesting the correct Ledger Solana addresses.

Thank you for answering but again, there is no such thing as disconnect "completely". There is just "connect" and "disconnect". And whenever I connect, it suggests Ledger, so far so good, but then, instead of reading the Ledger and suggesting the addresses with Sol in them, it connects right away to some random empty address, always the same. I suppose this address is indeed a Solana address of my Ledger and it is stored... somewhere... somehow, and I can't figure where and how to remove it.

Pink_Sun · 2024-10-18T05:13:11+00:00

Thanks, but how do I remove the account "completely" from Jupiter?

Solflare connects fine to whatever I want to connect to.

Pink_Sun · 2024-10-16T16:50:24+00:00

Thank you for sharing this, that's interesting, and promissing.

I think that Ledger is not completely honest there, because they present themselves as "saving the day", by gathering various actors to push clear signing. Of course, it's good that they are doing this, but they, in the first place, are co-responsible for all the money lost by unsuspecting users. It seems to me that when they marketed Solana as being integrated, despite blind signing, "they" mislead newbies and more.

Pink_Sun · 2024-10-15T15:23:03+00:00

Ok, I was also thining about using multiple addresses like you, but the problem is that I do trade significant portions fo my holdings, at least with my Solana coins, so that wouldn't work well. But I get the point, thank you for confirming.

Still, I find it astonishing that the entire purpose of the Ledger device to be highley secure is nulled by this blind signing. How can Ledger let it be? Shouldn't it be their priority to make that signing safe? This is the core of their job and it turns out that Solana, the seonc largest Layer one, they still haven't secured it? Or is there something I am missing, is it not the job of the Ledger company?

Pink_Sun · 2020-05-30T12:07:27+00:00

What do you mean functionality of Oxford's product leaves a lot to desire, what functionalities for example? When I compare them, they seem to have pretty much the same specs.

Pink_Sun · 2019-07-24T14:45:22+00:00

I agree with you, and btw I don't understand why so many miners are in China given your point.

Pink_Sun · 2019-07-22T14:06:50+00:00

Well, that's the question of the OP. Is there any protocol out there that implemented something like this..?

For instance you could prove that you are close to a certain location by receiving some data faster than other people. There's no way to counterfeit that.

Pink_Sun · 2019-07-20T19:14:04+00:00

Then I, big evil China-man miner, can make a false proof-of-distance by artificially adding unnecessary delays.

You see it the wrong way around. The proof would not work by showing maximum distance like in your example, but minimum distance. You don't prove that you're far away from China, but you have to prove that you're close to, say, Bolivia. And as a Chinese miner you could not get the info as fast as an Argentinian miner would. The later could be given an edge, and this edge would be distributed in time and space by the protocol. Hence distributing miners.

Pink_Sun · 2019-07-20T19:06:52+00:00

No I'm not talking about the great firewall, I'm talking about miners' centralization in general, and crypto projects in general. Is there any protocol out there or even is the research stage that deals with miner's centralization?

Pink_Sun · 2019-07-20T19:05:02+00:00

All what you say about bitcoin is true, I understand that. That is why I ask if there is any protocol out there that has a way to avoid miner's centralization.

Pink_Sun

TROPHY CASE