A detailed debate regarding the exact definition of a "rug pull" has been unfolding since yesterday, led by those who abandon projects and the people who defend them. These individuals seem to think that our unwillingness to play along with their word games makes us "newbies" who lack a basic understanding of the space. While we may not be interested in debating the precise technical classifications to their standard, getting caught up in definitions intentionally misses the bigger picture.
The actual problem is not about whether someone specifically pressed a button labeled "Remove Liquidity." The real issue arises when developers launch a token, foster a dedicated community, gather attention and capital, and then sell off their own shares to the very individuals who supported them. Defending these actions by claiming they never technically removed liquidity is simply a clever use of words rather than a valid intellectual argument.
We need to move past justifying predatory actions with technical terminology. It is important to stop viewing community members as exit liquidity and to stop treating the entire ecosystem as a personal retirement fund hidden behind the concept of "building." A business model that relies on supporters to finance an exit is a carefully planned extraction method, not a genuine contribution to the ecosystem.
The path forward is very straightforward. Creators should focus on establishing true value and prioritizing sustainable growth. By dedicating efforts to authentic creation, the appropriate rewards will naturally follow.
The actual problem is not about whether someone specifically pressed a button labeled "Remove Liquidity." The real issue arises when developers launch a token, foster a dedicated community, gather attention and capital, and then sell off their own shares to the very individuals who supported them. Defending these actions by claiming they never technically removed liquidity is simply a clever use of words rather than a valid intellectual argument.
We need to move past justifying predatory actions with technical terminology. It is important to stop viewing community members as exit liquidity and to stop treating the entire ecosystem as a personal retirement fund hidden behind the concept of "building." A business model that relies on supporters to finance an exit is a carefully planned extraction method, not a genuine contribution to the ecosystem.
The path forward is very straightforward. Creators should focus on establishing true value and prioritizing sustainable growth. By dedicating efforts to authentic creation, the appropriate rewards will naturally follow.