Whaleshares Logo

Setting the Record Straight on WhaleToken Markets and Those Who Abuse Others

alexpmorrisPosted for Everyone to comment on, 5 years ago8 min read

So far, I've been relatively quiet (at least publicly) on the issue of WhaleToken abuse. However, after seeing the recent post by @scarlett, "Witnesses! SHOW YOURSELVES!!!! If you want my vote", I felt it necessary to author this post in order to set the record straight, as well as shed light upon any attempted obfuscation that may be lurking in the darkness.

First off, to be clear this is really an accusation by @haejin, most likely using @scarlett as some sort of a "proxy" to help cover his tracks, cuz you know, we just bunch of stoopid crypto people who can't put 2+2 what stare us in face! :open_mouth:

Regarding the accusations...

Anyone who sold their tokens on the market, then followed the command to close the trading of their token is, in my estimation, a scammer, and a thief in the guise of goodwill.

For such accusations to hold water, some promise must have been broken. Here's the "big promise" of WhaleTokens...

Whaletokens are cross-platform tokens that can be used for rewards on whaleshare posts.

That's it, nothing more. Each token holder is free to adjust the maximum reward per post at any time. They can also choose to only allow rewards on posts by trusted authors, or only by authors they also follow. They can block authors creating "questionable content" from using them. Tokens may also be set to allow rewards only if certain main tags (ie. food, music, or even the token's name) are used.

Using a WhaleToken to reward a post is a privilege, and has never been presented as a holder's "right". If a child-porn producer or copy/pasterizer somehow acquires a few tokens, there is absolutely no implied guarantee they have the "right" to abuse the account holder's mana without consequence.

What @haejin (ooops, I meant "@scarlett") doesn't seem to realize is that the main reason he was able to acquire these tokens "so cheaply" in the first place, was because these clear risks were already priced in!

Anyone who's ever used WhaleBoT in discord, or watched someone else use WhaleBoT, or attended one of the many hangouts discussing them, should be more than familiar with the following warning and disclaimer:


So now, he "cries foul" because he chose to purchase tokens irrespective of the very clear risks involved, and hoping to bully issuers into succumbing to his whims, sort of how shady politicians buy up cheap land on the other side of town, then play victim and cry "unsportsmanlike conduct" when their proposal to approve a taxpayer-financed stadium on the property falls through.

This is especially ironic coming from someone who claims to be a "seasoned trader" and "trading guru". But then again, at least a few people out their seem to feel otherwise... :triumph:

He's incredible! I invested in 6 coins he said will EXPLODE IMMINENT. And other people praising him. Thanks to him I lost 700$ and own an impressive -50% portfolio. Fu**ing shithead con-artist. None of the graphs he drew went in that direction, but completely opposite.

Link: I don't know if many of you follow Haejin Lee on Steemit, but he's got a 90% success rate

To be fair, I'm sure @haejin's made some great calls too. I mean, if you post 20 charts a day, you're bound to get one correct every now and then! :joy: lol

The GREAT Twist

Perhaps the greatest twist to this story is that not a single token holder prevented him from using any of their tokens. I suppose @haejin thought us "pleebs" were too dumb to notice him machine-gunning token rewards onto a boatload of his older posts just before payout...





but wait............ there's more! lol




I've had the "distinct pleasure" of watching @haejin build up his account from nothing, to now over 110,000 WHALESTAKE almost entirely by pumping up his stake using these terrible terrible WhaleTokens from all those witnesses and/or token issuers he (oh, my apologies, I mean ... @scarlett ... :stuck_out_tongue_winking_eye: ) now calls thieves.

Awwww, what a poor little victim you are... "Trust me", that really is a tear in my eye for you... :joy: lol

Why then were they tradeable?!

This is an interesting story in itself. Most token issuers never wanted their tokens tradeable in the first place, and had enabled the "Hide asset from search and markets" bitshares UIA flag, expecting that would be the end of it.

HOWEVER, it turns out all that did was hide the token from the bitshares search box. Anyone who knew how to get there could still trade them! :scream:

As WhaleToken abuse "upticked", it became a priority to find a solution. After much futzing around in the bitshares testnet, I finally discovered a way to do it. Granted it wasn't the "cleanest" of solutions, but by golly it worked! This is the bitshares UIA "trick" I discovered...

While there was no easy way to disable market trading altogether, token issuers could set a "Market blacklist" for each pair they wished to disable.


That worked perfectly, and thus, problem solved! Token issuers were finally able to disable their markets as they planned to from the start.

Calling the Bluff

If @haejin would prefer to liquidate his remaining "scammy" WhaleTokens, I'm quite sure he could find others in the community who would be more than happy to buy them from him at cost. However, I'm quite certain he will choose to keep using them to bang up his post rewards instead.

You see, @haejin's real peeve is not that he can't sell his tokens anymore. It's that he can no longer BUY MORE from less market-savvy Whaliens who just might sell them to him for much less than he knows they're worth.

Oh yeah, and one other thing... if any witnesses who stood up to this "bullying" lost any votes over these shenanigans, I'm sure the community will be more than happy to make them whole again, perhaps even TIMES THREE.

You have essentially committed a scam that would likely be followed with law suits had you attempted it on any other exchange.

Once again, it's always amusing to me how those who are the first to claim "freedom and liberty" for themselves, are often the first to cry foul and hold temper tantrums when they themselves didn't even bother to take the time to "read the fine print".

I can only wonder if @haejin @scarlett is also the type of trader who buys stocks like NASDAQ: DRYS (DryShips Inc.) for the "YUGE UPSIDE POTENTIAL", then cries foul when hit upside the head by their SEVENTH reverse-split and devaluation round.

For all the times I've seen threats of baseless "crypto lawsuits", I can only wonder if the IRS will be there as well, to observe and learn, of course... all I've gotta say is, "whalebot please pass the popcorn...!" :joy:

Link: DryShips: Worthless After Reverse Split No. 7

THE PROOF

So, now that @scarlett and @haejin wasted my precious little time on having to address all this crap, here's some of that "proof" I was talking about earlier...

First off, how about we establish... "who is @scarlett"? Now, I don't know if @scarlett is @haejin's buddy, brother, mother, colleague, or possibly even gay lover (not that there's anything wrong with that! :open_mouth: :smile: ). Even if @scarlett is merely acting as a "proxy" for @haejin, there is definitely a strong (and possibly sexual) connection between the two. 💕

This is verified by the strong crypto-trail linking the two together. As such, anyone thinking they are interacting with @scarlett should know that it's likely to be an interaction with @haejin as well (or at least one he will be made aware of in short order).

Here is some evidence for all of you. First off, let's Follow the Money...!


account bts1342 sends thousands of whaletokens between scarle77, k33p17l000 (also linked to scarlett's whaleshares account), haegon-1971, and haejin1970


did I do that?! :smile:


awwww, how sweet! they're "friends" on STEEM too! :poodle:


wow, pages worth just like this! scarlett must have a serious crush on that haejin fellow, as most rewards seem to find their way into his pockets lol

Oh, and how about this one? It makes it the connection extremely clear...


I would like to invite users to follow me @scarlett and @haejin to keep up with our latest updates and news regarding crypto and the web services we provide!

As for those "web services we provide", perhaps they work together on this site bitcoin.live, where @haejin charges like $995/year for crypto trading advice.

I dunno about those chatting it up on reddit...

But I'm quite certain he feels it's worth every penny! :laughing: lol

As always, I appreciate your upshare, your follow and all your comments!

Sign Up to join this conversation, or to start a topic of your own.
Your opinion is celebrated and welcomed, not banned or censored!