Controversial video ignites controversy, raises concerns about the concealed expenses of Bitcoin
Disclaimer: The information provided in this article is for educational purposes only and should not be considered as investment advice.
A captivating animated video released by the founder of the Mollars project has ignited a widespread discussion about the financial ethics of Bitcoin and its founder, Satoshi Nakamoto. Amidst the turbulent fluctuations and significant developments in the crypto market, this viral video has captured the attention of both enthusiasts and investors.
The 30-second animated video raises critical questions about the 1 million Bitcoins held in Satoshi Nakamoto’s ‘stash’ wallet. The creator of the Mollar token highlights how certain investors will lose money every time Satoshi sells one of his stored BTC. This prompts the animated character representing the founder of Mollars token to question where the funds to pay for Satoshi Nakamoto’s 1 million Bitcoins will come from.
“Do you not find it concerning that someone has to lose money every time you cash out those free tokens?” queries the animated character in the controversial video.
The video also includes a frank discussion about the financial ethics of the Mollars project. The creator clarifies that while they are compensated for their work on the project, no tokens will be held free. This response is directed towards an animated version of Ryoshi from the Shiba Inu (SHIB) token.
Mollars is an upcoming project that is set to launch on the Ethereum blockchain in May. During its ICO stage, the cryptocurrency is priced at $0.55 cents per token, and experts anticipate significant value increases.
Those familiar with the project’s whitepaper understand that the presale tokenomics involve funding the professionals involved with Mollars. Importantly, it is explicitly stated that no one will receive free tokens following this phase. The reward for the founder, developers, and marketers associated with the Mollars token will simply be recognition for creating a store-of-value asset that rivals Bitcoin.
Interestingly, the enigmatic founder of Mollars, much like Satoshi Nakamoto, has closely observed the actions of the Bitcoin founder. The Mollars founder previously criticized Satoshi for keeping secret wallets containing 1 million of Bitcoin’s total minted supply, indirectly suggesting that the token lacks decentralization.
To support their claims, the creator of the new store-of-value token also cited credible auditors as sources, which were reported in various news stories.
With the goal of achieving “true decentralization,” Mollars was designed to address perceived shortcomings of Bitcoin by offering a scalable blockchain for a store-of-value asset with significantly lower transaction fees for buying, selling, and converting.
Critics of Bitcoin often highlight its high costs and limited scalability, arguing that it is not yet suitable for real-world commercial transactions. In contrast, Mollars has gained traction among investors, raising over $1.2 million in its ICO presale, with traders already acquiring over 66% of the available supply.
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