This CEO Claims Shiba Inu (SHIB) Is Pyramid Scheme

In accordance with Steven Cooper, Greater Leisure’s CEO, Shiba Inu (SHIB), one of many widespread meme tokens, is definitely a pyramid scheme.

In his thread, he claimed that because of the lack of burnt tokens or any actual achievements by the Shiba Inu crew, it’s apparent that the blockchain venture is simply used as an affordable token to encourage individuals to spend money on questionable spinoffs like BONE, a token inside the Shiba Inu ecosystem.

Regardless of being closely concerned with SHIB sooner or later beforehand, Cooper deserted the venture final 12 months. He stopped burning SHIB tokens whereas additionally deleting each single point out of the meme cryptocurrency from his social media profile.

Cooper now claims that he has no want to be concerned in Shiba Inu once more, after a falling out with its builders.

“What was taking place behind the scenes was insane and destroyed many individuals making an attempt to assist, together with myself and my firm,” he wrote on Twitter.

The chief additionally alleges that there was a deliberate smear marketing campaign behind the scenes. “It was a make-or-break level for us to salvage any fame left. The crew behind the scenes thought of us a risk and blatantly informed us they might do smear campaigns towards us and label us ‘scammers’ throughout the web,” he claimed.

Cooper’s current scathing feedback come amid controversy surrounding Shiba Inu’s developer neighborhood. As reported by U.As we speak, lead developer Shytoshi Kusama confronted a backlash inside the neighborhood after he purged “breeds,” neighborhood members that have been supposed to help within the growth of the token. Some accused Kusama of lowering the venture’s decentralization degree, with SHIB Protection Workforce co-lead Trophias being notably vital of the lead developer. Nevertheless, a current ballot signifies that the majority neighborhood members need Kusama to stay on the helm of the venture.