CJ Konstantinos and what he's building at People's Reserve is so triggering

A brilliant Bitcoin mind, clearly shown by his many public appearances I've watched

Hammers home the problem with Real Estate vs Bitcoin, a problem that so many Bitcoiners feel

Yet launches a "token" as a "tribute to Bitcoin"

Is pumping a claimed fast-track to a NASDAQ listing, without any proof

And I've yet to see any live product for the "Bitcoin mortgage"

So it's all pump thus far

With very little substance

SUSPECT....

So many retail investors would get tripped up by the buzzwords, the energy, and the "opportunity"

But when there's zero substance, aside from a token they can print themselves, you have to ask questions

On the one hand: let the free market do it's thing, invest in what you want, build what you want, time will tell if it's of value

On the other: these characters know full well the danger of printing your own money, so why go and do it?

Fiat: central banks print their own money

Crypto: anyone can print their own money

Bitcoin: no-one can print their own money

Likely a case of: ignore the noise Jake, move on, and let it go

But for those out there that might be on the fence with these kind of tactics, and thinking of getting involved, be VERY careful, this is classic shitcoining (Bitcoin's great, but you know what's better, this token I created...)

šŸ™

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Discussion

Something always seemed off about him to me. Unsurprising he is shipcoining.

Having a supposedly ā€œBitcoinā€ business whose first move is an ETH token is classic Orange washing affinity scamming. Steer clear.

Lost respect after reading this……..

I have yet to see anything legitimate of any business employing a ā€œflywheelā€ token…….

I was so hopeful and looked in on his project frequently to see where he would land and when their product would launch. Then I saw the ETH token and jargon spew the last time I visited. So disappointing. I had such high hopes. So many reputable content creators had him on their channels. I’ll bet this kind of flip by a guest is frustrating.

ā€œReputable channelsā€? Like who?

We deserve better influencers

Show me the man and I’ll show you the shitcoin.

Simply Bitcoin comes to mind. Breedlove as well

But to be fair to them, they didn’t know CJ was going to launch his own token…

Maybe it’s the last straw before we develop our own Bitcoin mortgage product!!

A shitcoiner in bitcoiner's clothing is somehow even worse than a straight up shitcoiner.

Thanks for this Jake. Agree, when I heard him over a year ago I was all 'awesome, can't wait for this to go live' regarding the mortgage system. But since then not much action and I hadn't paid much attention because I just saw 'token' vibes. This clears up that I had a weird feeling about it. Shame

Shame! I totally agree

What’s cool though is for sure there’s developments happening fast in the bitcoin / debt / real estate space

Absolutely agree, was very impressed / intrigued initially, being a recovering real estate investor. We don’t need any more tokens.

When you say ā€œrecovering real estate investorā€ can you explain more?

I used to think Real Estate was THEE path to creating wealth, then I learned I was measuring my success in a fiat currency that was being debased. And I would never be able to outrun the printer. Now I’m recovering from many years of fiat programming.

It’s a big moment! I had it as well

Question is - do you hold any real estate now? Ie is there a blended way to own bitcoin and RE to get best of both worlds?

I still do, it’s an interesting conversation. I put zero down and had it 100% seller financed. It cash-flowed (yield is another fiat metric) from day 1 and helps pay my mortgage after selling my business. Lots of ways to look at it.

Love this meme