If youve ever felt lied to, maybe its actually just your fault. Hear me out. Crypto is a technologically complicated industry with alot of nuances, so complicated in fact that alot of people who work in the sector have constructed their own language to communicate. Is it dishonest? Maybe, but the onus is on us to properly learn the underlying message of what they are saying. Here are some translations:
We have no exposure to = We have plenty of exposure to
Withdrawals have been paused while we work to find a solution = There is no solution so withdrawals will never be unpaused
I have enjoyed my time working at x, im excited for my next chapter and wish them luck in the future = Im leaving x because its breaking the law and i need to save my skin, theyll need lots of luck to survive the future
We are excited to expand our company into x country = We have been forced into x country because we’re not sure what we’re doing is legal
Our reserves are fully backed 1:1 = Our reserves were designed to be backed 1:1 but there is a gaping hole OR our reserves are backed 1:1 by a basket of illiquid dogshit
The token will be used for staking and governance = The token will be used by insiders to dump on you
We will continue to operate as normal = We have secretly prepared for bankruptcy
Unbank yourself = You are now bankrupt
4 = It is easier for me to just type this singular number than for me to directly and transparently address this issue
So now you know some of the common expressions and how you can stay diligent when you come across them. If you have any youd like to add to the list id love to hear.
Prepare yourself as best you can and read between the lines, plenty of snake oil to go around here.
submitted by /u/marsangelo
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