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On October 21 2024 06:55 Emnjay808 wrote: According to the video Flash invested his own money. Why does he need to apologize to fans? Because he also convinced his fans to invest?
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On October 21 2024 06:57 Gorsameth wrote:Show nested quote +On October 21 2024 06:55 Emnjay808 wrote: According to the video Flash invested his own money. Why does he need to apologize to fans? Because he also convinced his fans to invest? They never invested. Whether Flash had malicious intent though is up for debate still. Flash talked about the coin to his viewers and did encourage them that the coin was going to be great. Flash however was the target of the scam, not the viewers. If Flash had malicious intent in his shilling of the coin, then yes, we should hold him accountable for that. But if he had no malicious intent and was purely used by Suit, then we should hold Suit accountable for all of it and cut Flash some slack. Flash was not prosecuted so court likely deemed him not a part of the scheme but instead a victim. Flash should clarify things in greater detail and clear the air once and for all.
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Ty for for context. Its hard to find a TLDR of all this.
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Vatican City State59 Posts
On October 21 2024 08:03 RJBTVYOUTUBE wrote:Show nested quote +On October 21 2024 06:57 Gorsameth wrote:On October 21 2024 06:55 Emnjay808 wrote: According to the video Flash invested his own money. Why does he need to apologize to fans? Because he also convinced his fans to invest? They never invested. Whether Flash had malicious intent though is up for debate still. Flash talked about the coin to his viewers and did encourage them that the coin was going to be great. Flash however was the target of the scam, not the viewers. If Flash had malicious intent in his shilling of the coin, then yes, we should hold him accountable for that. But if he had no malicious intent and was purely used by Suit, then we should hold Suit accountable for all of it and cut Flash some slack. Flash was not prosecuted so court likely deemed him not a part of the scheme but instead a victim. Flash should clarify things in greater detail and clear the air once and for all.
This is by far the most reasonable and least speculative take I've seen about this topic.
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How do the other pros feel about Flash? Like they all despise Savior but the Flash situation is obv very different. Is there sympathy for Flash among his peers or are they annoyed about the bad publicity be brought the game?
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If flash thought he had a secret guarantee on his investment, and his fans had not on theirs, and he encouraged his fans to invest, then that was bad and deserves an apology. The fact that suit ran a meta scam and never even intended to launch the coin is not relevant. The fact that the coin never materialized doesn't erase flashes intentions.
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On October 21 2024 08:50 Navane wrote: If flash thought he had a secret guarantee on his investment, and his fans had not on theirs, and he encouraged his fans to invest, then that was bad and deserves an apology. The fact that suit ran a meta scam and never even intended to launch the coin is not relevant. The fact that the coin never materialized doesn't erase flashes intentions.
Let's say as a public advertiser, he got paid 300k not guaranteed, just cash to advertise for this fake coin and his job was the promote it for that money. Still had no idea it was a scam, had no controlling interest etc etc etc. Does that still make him guilty of misleading? Don't individuals have a responsibility especially with an already risky investment entity to realize not only that it could potentially be a scam, but also it simply could have bottomed out if it were legit. How much is he responsible for people's risky lottery ticket "investments"?
Is it any different than a celebrity touting some product they don't use who perhaps receives half their payment in stock or those weirdo skin gambler streams where they gamble and win/lose fake money from the website to be a part of the advertisement? Now sure there is the caveat that a lot of this is kids gambling but we're not narrowly focusing on that specific thing. My point is how much is it anyone's responsibility to baby sit fucking adults? The guarantee on the meme investment changes nothing in my opinion and everyone should know that meme coins, meme NFTs, meme stocks etc are risky and have massive potential for many points of failure. And considering from what I've seen it appears that Flash had ZERO idea that it was a scam coin nor did he have any ownership over the company providing the coin, so it seems as if people are looking for a scapegoat for their own poor investing.
Beyond that, I'm fairly certain that if any one of them asked any reputable investment firm about coins and specifically new/unreleased ones they would have been alerted to the risks, not to mention a simple google search could have shown examples of specifically that scam coins or coins that went bust. Again their poor investments aren't the responsibility of anyone else. It isn't like Flash was holding a gun to their head demanding they invest in scamcoin.net.
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If Flash is guilty of anything, it's being an idiot.
Being angry at the guy who just got scammed out of 700K USD is ridiculous. You lose 700k because you believe in the scammer obviously. If Flash believed in the project and shilled it to his viewers, that's not him trying to scam his viewers... it's just being an idiot and sharing his idiotic view with others. Ultimately individual investors are responsible for their own investments...
Sorry to hear about the whole situation but looking forward to watching Flash play again.
Also... I get that people are still going to be mad, I'm not calling anyone who is mad an idiot. Just saying 700k is a lot and typically scammers are smart about not being scammed (like Flash wasn't)
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i'm not an expert, but if it had been a stock or other security more tightly regulated than crypto, i believe in most countries what flash had done would be illegal, would it not? you're typically legally required to disclose details that he didn't disclose, at least that's my understanding, regardless of if he himself got scammed or not.
obviously legality isn't morality, but i think that maybe might give some context to people's reactions?
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On October 21 2024 11:23 quaristice wrote: i'm not an expert, but if it had been a stock or other security more tightly regulated than crypto, i believe in most countries what flash had done would be illegal, would it not? you're typically legally required to disclose details that he didn't disclose, at least that's my understanding, regardless of if he himself got scammed or not.
obviously legality isn't morality, but i think that maybe might give some context to people's reactions?
Based off everything we know right now, as it is, if this were a stock deal, I cannot think of anything that would get him in trouble. It isn't insider trading. Nobody is forced to claim or acknowledge if they have stock guarantees or backed stock options. Perhaps sometimes if you were in government or position of authority this might be an issue, but flash wasn't in those types of positions. He didn't own the coin creator's company, he wasn't management, he wasn't some government employee reviewing data or who was on the inside trade. He was more of a spokesperson or hired celebrity tasked with advertising the product. I don't know how much Michael Jordan gets paid by Hanes I'm sure you could figure it out, and I'm not sure if he had options in stock or backed stock from that company and while I'm sure maybe if an individual wanted to they could figure it out, I simply don't think there is an obligation for anyone to tell you anything.
I am not a universal market investor or lawyer, don't cite me. I just don't see the directly applicable portion of known issues. Perhaps someone with more legal knowledge than myself might have an opposing idea, but I don't see how.
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