Irys on Coinbase? Don't Get Your Hopes Up Too High, Crypto Bros
Alright, so Coinbase is listing Irys? Big deal. Another day, another shitcoin gets its 15 minutes. Don't act surprised.
The Usual Pump and Dump
Let's be real: Coinbase listing announcements are basically a guaranteed pump. Everyone jumps in, the price skyrockets, the insiders cash out, and then the bagholders are left holding... well, bags of worthless crypto. Rinse and repeat.
They call it "enhanced liquidity and accessibility." I call it a feeding frenzy for whales.
And this Irys thing? It's supposed to combine data storage and smart contracts? Oh, how original. Because nobody has EVER tried that before. Give me a break. It's like every other project promising to be the "next generation of Web3." Yawn. Wake me up when one of these actually does something useful.
The article says the Coinbase listing suggests Irys meets "high standards." Really? High standards like "pays us enough listing fees?" Or "has a slick marketing team?" Because I'm pretty sure actual innovation has nothing to do with it.
Fake Contracts and Price Dips
Oh, and get this: right after trading started on KuCoin, the Irys team had to warn everyone about FAKE CONTRACTS. Seriously? You can't even launch without scammers trying to rip people off? That's... not a good sign. The price dipped 10%? Should have dipped 90%. Irys blockchain launches amid fake contract threat but recovers
Irys wants to be a layer-1 blockchain. Okay, that's ambitious. But the market is already saturated with layer-1 solutions. What makes this one special? Oh right, it combines data storage and smart contracts. Groundbreaking.
Josh Benaron, the founder, also created Bundlr. Okay, fine. So he's done something before. Doesn't mean this project won't be another vaporware promise.
I wonder how much venture funding they burned through already? Probably enough to solve world hunger. And for what? Another coin for degens to gamble on?
And they promise to burn most of the tokens collected from storage payments and fees, creating a "scarce token model." Uh huh...sure.
So, What's the Angle?
The BitcoinWorld article is all sunshine and rainbows. "Transformative moment!" "Sustainable growth opportunities!" Jesus, who writes this stuff? Paid shills, probably.
I'm supposed to believe this listing "validates IRYS’s technological merits?" I ain't buying it.
Then again, maybe I'm the crazy one here. Maybe Irys really is the future of Web3. Maybe this time it's different. Nah, who am I kidding?