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PeterMosesLee

peterbllee@bbs
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I was in the accounting line for decades but did poorly because of https://bbs.market/MEMORE/posts/dUw7bXuAZfNcr01XoBUO Recently I changed my career to become a ✍️writer so that I can work slowly without irritating bosses
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🦋 Actual Proposal For A Defi Crypto

There is a fine line between legitimate MLM business and Ponzi scheme I thank everyone who has taken the trouble to read and understand my proposal for a new crypto in A common comment to the above post is that it has to be read several times to be understood. There is 1 aspect in the above proposal that makes it into an illegal Ponzi Scheme or Get Rich Quick scheme : what is done with the $50 paid to buy the crypto You may be surprised but what is wrong is not the 10% to be paid to 🦋 but is the 90% to be paid to upline. Even increasing the 10% to 15% is not wrong because it is to cover cost of operating the scheme such as office rental, staff cost, computer system etc The fine line between a legitimate MLM and a Ponzi scheme is how members/distributors get their income. If they earn from selling or regularly consuming products like in Amway, Tupperware and Avon, it is legitimate.  If the members/distributors earn not from the sale or consumption of products but from taking what is paid by new recruits it is a Ponzi scheme. So if what was proposed by 🦋 is ammended so that the 90% of what is paid is used to develop and operate real use of the crypto say to buy and sell products or for peer to peer lending (ie. the crypto is for Defi)  the scheme may very well be a valid proposal. 🦋🦋🦋🦋🦋 What was proposed in the above mentioned post was that the 90% be distributed to uplines.What will happen when the pyramid have grown so huge that there is no more members to be recruited? The income stream will stop The number of members grow exponentially with each extra level 1 to 4 to 16 to 64 to 256 to 1024 to 4096   and so on  Say the scheme stop being able to recruit members when the bottom level of the pyramid has more than a million members. The Early 🐥🐥 high up on the pyramid make money while those at the last few levels are not able to  fully recoup the $50 they paid. Those at the very last level of the pyramid receive nothing and so loses the whole of their $50 Because the pyramid grows exponentially, a lot of    👫👬👫👬👬👬👬👫 at the lower levels will lose 💵 while a small number of Early🐥🐥 make 💵 CONCLUSION  🦋 Propose to ammend what was proposed in  To the following : 1 ) The 10% to be paid to 🦋 in the original proposal be increased to 15% to cover the costs of operating the scheme2 ) The remaining 85 be used to lend to members who want to borrow. Borrowers have to use their crypto as collateral for loans. Interest on loans will be distributed to all holders of the crypto Thus there is a sustainable income stream instead of depending on new recruitment. 3 ) Develop a Peer to Peer lending platform so that members can do P2P loans using certain cryptocurrencies as collateral🦋🦋🦋Since this revised proposal is for a legitimate crypto the name "4WD Scam" is not appropriate. 🦋 propose that the name of the crypto be  "4 Wheel Def"
4y
Crypto Banter

A New Crypto Proposed by 🦋

 1 ) Introduction: So far the cryptos in existence do not make use of the concepts of Multi Level Marketing (MLM) MLM success stories include Amway, Tupperware and Avon. The MLM concept has allowed the 3 companies named to grow huge. None of the marketing plans of the 3 MLM companies had the 4WD concept that 🦋 is proposing.  2 ) 4WD Concept 4WD vehicles are stable and can handle slippery or steep inclines because power is distributed to all 4 wheels of the vehicle. So by marrying the concepts of MLM and 4WD into a Crypto, we can get a very successful crypto that is tough and keeps going because strong members will share their power with weak members.  3 ) Proposed  Names for Crypto: "4WD Scam" Or "Early Bird"  (to take advantage of the fame of Angry Bird) 4 ) MLM Concept  4.1 )  The personal sales we make is limited to our circle of friends or relatives. If we make the effort to sell to people we do not know we can increase our personal sales. 4.2 )  Viral or Pyramid Effect Instead of struggling to make personal sales we can make use of the Viral or Pyramid Effect to greatly increase our reach or market. By recruiting a network of people to sell, our market grows to include the friends and  relatives of all the people who are recruited by us. The bigger our network of of distributors,the greater will be the size of our market. This is why all successful MLM companies emphasize recruitment rather than personal sales 5 ) Application of 4WD concept to 4WD Scam  5.1 ) The people  🗻 who are very successful in BBS are those who engage with others and help others to succeed. The people they engage with and help will support the 🗻. Examples of  🗻 are TheNewLegend and LGuigs. 5.2 )  Vehicles with 4 wheels are more stable than those with 3 wheels or 2 wheels. Each distributor of 4WD Scam can have a maximum of 4 Level 1  recruits. If he gets anyone to join as a distributor, that new recruit is part of his downline but will not be considered as his Level 1 recruit.It will be considered as a Level 1 recruit of one of his Level 1 recruits  ( a Level 2 recruit of the primary distributor). Once all 4 of his Level 1 recruits have 4 wheels (4 Level 1 recruits) new recruits will be allocated to help his Level 2 downline and be the Level 3 of the primary distributor. 5.3 )  Because of the above, everyone grows in a pyramid fashion  4 Level 1, 16 Level 2, 64 Level , 256 Level 4 and so on. 6 ) Requirement to join as a distributor of the proposed crypto.Buy 10,000 units of the crypto at the price of $0.005  each or $50 in total.The price is set low so that it is affordable for the masses and easy to join.  6.1 ) 90% of the sales proceeds will be distributed to the upline while 10% will be paid to 🦋 7 )  a new social media platform by copying the model of BBS Instead of using a BBS token the new social media platform will use the token that is called 4WD Scam or Early Bird🦋"4WD Scam" is a suitable name for the crypto because it describes the mechanics of the SCAM.🦋 "Early Bird' is also a suitable name because the Early 🐥 will catch the 🐛🦋 Those join early are Early 🐥 who will make 💵 Those who join near the base of the pyramid are not  🐥 but are 🐛🐛🐛 IMPORTANT NOTE: The above proposal for a SCAM crypto is made for fun🤡 The proposal for a legitimate crypto is in
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Crypto Banter

What is the value of the painting "Mona Lisa" by Leonardo Da Vinci

If you have the money would you invest in such a painting instead of  in Cryptocurrencies? Nowadays there are artists who turn their paintings into a NFT and sell parts of it to multiple buyers. According to Wikipedia: On permanent display at the Louvre in Paris, the Mona Lisa was assessed at US$100 millionon December 14, 1962. Taking inflation into account, the 1962 value would be around US$900 million in 2021.Artist:Leonardo da Vinci Art galleries usually do not have just 1 valuable painting but a collection.The value of the paintings means elaborate measures have to be taken to ensure the safety of the paintings and to buy insurance for them. As a result, the price of tickets to enter art galleries with valuable paintings is very high. A lot of art lovers are willing to pay for the price of tickets.Once they are in the gallery, they can spend hours looking at the paintings there. Who painted the paintings in galleries?Artists like Leonardo Da Vinci, Picasso, Rembrandt have produced masterpieces that normal people cannot afford to buy.At most we can do is to pay the high price of a ticket to a gallery and admire the paintings there. How do you feel if your husband spend say an hour looking at you? More likely than not, you will feel annoyed. Especially if he look at you when you  are not fully clothed. Are people like Leonardo Da Vinci, Picasso, and Rembrandt better artists than God? You are a masterpiece by the greatest artist of all - God. In the post below 🦋 wrote how Adam felt when he looked at Eve How would you feel if your husband look at you like that?How should you feel if your husband is enthralled looking at you like he was looking at Mona Lisa? As his wife, you have a God given position as the most beautiful masterpiece that he can ever seeA masterpiece made by God 
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Crypto Banter

🦋 Don't Let Me Down 🦋

There are 3  communities in BBS that are much larger than all the other communities in BBS At one time Banter was the largest community in BBS. Now Metabbs has about 300 more members than Banters but with more than 42,000 members, Banters has double the number of members of the 3rd largest community. Now look at the ranking of the various communities. At one time, Banters was the top ranked community. It has slides down to #4 and is in danger of sliding down further. Banters has the advantage of a high CPM rate because of Engagement Mining whereas the much smaller communities have a low CPM rate. And yet they are catching up with Banters. if you are a member of Banter, do you feel disappointed with the performance of Banter? 🦋 does and feel let down by Banters. Banters and Metabbs are roughly equal in size. The highest number of impressions received from posts in Banters is 24 while the highest number of impressions 🦋 received in Metabbs is more than 60. A lot of the posts by 🦋 in Banters has a single digit for the number of impressions.  🦋 put in effort for all my posts and do not make good morning/night posts, low noise today, or my target for today posts. Yet many of my posts gets less than 10 impressions. 🦋 feel let down by Banters. Do you feel let down by Banters? Having said the above, the admin of Banters may also feel let down by the members of Banters. Are the members doing their best to support the Banters community? So the song by the Beatles, "Don't Let Me Down" is a song Banters sing to its members  It is also a song that the members of Banters sing to it. 🦋
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Crypto Banter

🦋 Is Luna dead or can it make a comeback?

Cryptocurrencies come and go. A lot of cryptocurrencies have gone out of existence. What happened to Luna has never happened before. The cryptocurrencies that have gone out of existence have been small cryptos that failed to gain acceptance. Some of them had no real use case. The development team for some of them lacked skill or experience. Or perhaps the project could not get backers with deep enough pockets to support it through the difficult early stages that cryptos face. None of those applies to Luna. Luna made it into the top 10 of the biggest cryptocurrencies. It has highly skilled and experienced developers. It had wealthy backers like Do Kwan. Luna was more than just a crypto. Luna was an ecosystem or a protocol. There were a lot of projects, applications or other cryptocurrencies that were based on Luna. Luna is a top layer 1 that has layer 2 cryptos running on it Luna can be compared to Ethereum as a layer 1. There are many Ethereum compatible (EVM compatible)  such as all the ERC 20 tokens which includes our BBS token. It is because the BBS token is an ERC 20 token running on the Ethereum ecosystem that we have to pay such high gas fees that Ethereum is notorious for when we want to withdraw and stake our BBS tokens. So the collapse of Luna is totally unexpected like say Ethereum collapsing that would mean BBS going down with it. The collapse of Luna means the collapse of Thether, Anchor and many other projects and layer 2 cryptocurrencies that were based on Luna. Luna itself was valued at $60 billion and the rest of the ecosystem at $20 billion. All gone in the space of 36 hours. What happened to Luna is so significant that the whole cryptocurrency market was dragged lower. Luna which at one time was priced at more than $70 now is priced at $0.00003 Will you buy Luna at $0.00003? If it can reach a price of just $0.3 (don't dream of $70) you will make a gain of 10,000X Can such a thing happen? Very very unlikely. A lot of exchanges has already delisted Luna. If you want to bet on Luna you have to contact those who are still holding their Luna. They will probably let go and sell to you at a price even lower than than $0.00003. There are a lot of lessons to be learned from the collapse of Luna. Ran the leader of the Crypto Banter channel on YouTube (whom some people blame for their losses) and who lost a fortune on Luna covered the lessons to be learned in his video below. Is anyone here still holding to a lot of Luna and is singing the song "Yesterday"
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Crypto Banter

My Experience in BBS

I heard about BBS on the YouTube channel of Crypto Banter. Clicking on the link in YouTube took me to the Banter community in BBS. Looking around the communities in BBS, I found that Banter and Metabbs is by far the largest Communities in BBS. Naturally, I joined Metabbs as well. Since I joined BBS because of Cryptocurrencies, I looked for other 2 other crypto based communities to join. Why 2 more? Crypto Banter is a Large community. In addition to Banter, I  wanted to join a Mid sized crypto community and a Small sized crypto community. Being a member of a S sized, M sized and L sized communities will allow me the opportunity to gauge the pro and cons of the communities of the 3 sizes. Refering to the communities as fish tanks, I wrote a post on what is the ideal sized fish tank. The version of the post about fish tanks that I posted in Banter is here. So what is the ideal sized fish tank? There is no single answer of an ideal fish tank that is ideal for everyone. What is ideal depends on why we want to get into the fish tank ie. Our purpose for going there or what we want to do there. Another crucial factor that will determine the ideal fish tank for us is the type🐟🦈🐠🐬🐡🐳 of fish we are. Actually it is how big a 🐟 we are. Big fishes like 🦈🐳 will not fit into small tanks and small fishes 🐟🐠 will not do well in huge tanks that have big fishes. CryptoSML is a respected member of the BBS community. In one of the posts I made, I said that the SML in his name stand for Small Medium Large. So CryptoSML is a person who likes Small cryptos, Medium cryptos and Large cryptos. In other words he likes all types of cryptos. I am not wrong in saying that or am I, CryptoSML? What similarities or differences did I find in the 2 huge communities? The similarity is that there are 🗻🗻🗻 in both communities. These 🗻🗻 are very noticeable and 👬👫 like to go to the 🗻🗻.  The 🗻🗻 are the famous people or giants in BBS. These 🗻🗻 have a lot of followers, their posts 📋 sell well and reach high prices. Their 📋 also get a lot of impressions. As for me, I am an unknown newbie. 👫👬 do not know me and do not bother to read my 📋 or to comment 📝 on my posts 📋. 👫👬 also hardly buy my 📋 so the 📋 struggle to get a price above 1 unit of Community Currency. I felt like a 🐛 that the 👬👫 in BBS do not pay attention to. If 👫👬 and 🗻🗻 will not come to 🐛,  the 🐛 will have to go to the 🗻🗻 with 👬👫 So the 🐛 went to the 📋 of the 🗻🗻 and made meaningful comments 📝 on the 📋 of the 🗻🗻 Since 👫👬 were already at those 📋, they also read the 📝 made by 🐛 on those posts. Reading the meaningful 📝📝 by 🐛 made 👬👫 realise that the 🐛 was not an empty vessel. The 🐛 has interesting things to say and so they started to check out the 📋 made by 🐛 By engaging on the 📋 of 🗻🗻, 🐛 gained recognition. The 📋 of 🐛 received more impressions and 📝. 👫👬 were also more willing to buy the 📋 of 🐛 By going 🗻🗻 climbing , singing songs (ie. Making 📝) on the 📋 of the 🗻🗻, the 🐛 was became noticed by 👬👫 and started to fly instead of crawl. So the 🐛 became a 🦋 What is the difference between Banter and Metabbs? The 🗻🗻 effect or cliques in Banter is stronger than in Metabbs. The followers of the 🗻🗻 in Banter are very loyal to the 🗻🗻 Going 🗻🗻 climbing in Metabbs allowed 🐛 to become 🦋 in Metabbs but not in Banter. So what could 🐛do in Banter?  Banter has so many experts in crypto that 🐛 cannot compete against. 🐛became a 🤡 on the 🗻🗻 of Banter and made funny 📝 or poke fun at 👫👬 Apparently Banters 🧡 the antics of the 🤡 and so the 📋 of the 🐛 turned 🤡 started to do better. In this way the 🐛 also became a 🦋 in Banter. 🐛🦋🤡 hope that you enjoyed our story. Thank you for reading this 📋 Oh by the way, one day the 🤡 who dreams that he can fly fell down and died Please go to the "Eulogies" channel of the BBS mentioned in the above post and make a eulogy for 🤡. If you post the eulogy in the channel, 🤡 can enjoy reading your eulogy. If you make an eulogy after 🤡 died, 🤡 will be in the ⚰️ and cannot read your eulogy 😭😭 So please make the eulogy for 🤡 to enjoy reading  Thank you
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Crypto Banter