BurnaBoy distance him self from Memecoin linked to his name

[Joy_learns_crypto]

So according to https://www.instagram.com/p/DMGBfNMM74U/?igsh=dDIzajcxYms3OW1l BurnaBoy through his Instagram story warned fans and celebrity lovers alike against a memecoin linked to his name.

I think the step he took was the right one because people would have gotten scammed just because of his name BurnaBoy, if celebrities like him can protect their die hard fans from scams.
 
But where I don’t agree with BurnaBoy is trying to called Cryptocurrency(internet coin in his words) a scam, BurnaBoy is a huge figure and should be careful with choice of his words. It is ok for him not to be interested but using his platform with high followers to express his thoughts about Cryptocurrency being a scam.

Telegram and social media platforms are work space for scammers but this no mean say the entire platform are scams. I don’t get it but people who have not studied cryptocurrency think it is a scam.

Cryptocurrency is not a scam, but there are scammers who are in cryptocurrency just like there are scammers everywhere.

[DubemIfedigbo001]

So according to https://www.instagram.com/p/DMGBfNMM74U/?igsh=dDIzajcxYms3OW1l BurnaBoy through his Instagram story warned fans and celebrity lovers alike against a memecoin linked to his name.

I think the step he took was the right one because people would have gotten scammed just because of his name BurnaBoy, if celebrities like him can protect their die hard fans from scams.
 
But where I don’t agree with BurnaBoy is trying to called Cryptocurrency(internet coin in his words) a scam, BurnaBoy is a huge figure and should be careful with choice of his words. It is ok for him not to be interested but using his platform with high followers to express his thoughts about Cryptocurrency being a scam.

Telegram and social media platforms are work space for scammers but this no mean say the entire platform are scams. I don’t get it but people who have not studied cryptocurrency think it is a scam.

Cryptocurrency is not a scam, but there are scammers who are in cryptocurrency just like there are scammers everywhere.

I think what he really wanted to do was buttress the point that he has no hand in the scam coin moving around that is masked to his name, his swift response would save a lot of fans from this scams prospect unlike Davido who kept quiet and people who invested into the coin tied to his name was scammed after the coin was rugged. I believe Burnaboy's act is heroic while Davido's actions was very suspicious and it could be suspected that he had a hand in the meme coin scam.

[SatoPrincess]

Disassociating himself from the token on all his socials is the right thing to do else the scammers will continue to promote the token in his name and scam victims who believe the artiste is a part of the project.

[Charles-Tim]

I think what he really wanted to do was buttress the point that he has no hand in the scam coin moving around that is masked to his name, his swift response would save a lot of fans from this scams prospect unlike Davido who kept quiet and people who invested into the coin tied to his name was scammed after the coin was rugged. I believe Burnaboy's act is heroic while Davido's actions was very suspicious and it could be suspected that he had a hand in the meme coin scam.

It is worth knowing that Davido launched a token (memecoin) on solana blockchain which he used to scam many people. That is enough to know that no other Davido coin will be linked to him.

[Tungbulu]

I understand where you dey come from OP but I want make you understand say even if Burna Boy or any celebrity for this world go as far as calling Bitcoin a scam, e no go for affect its adoption. Everybody dey entitled to their own opinion but e no mean say their opinion Na e supposed to be final. Yes, Burna Na big name and I'm a great admirer of his Art but the only thing e dey gimme Na entertainment, e no get as e wan be wey e go fit influence me or tell me wetin to do, and I believe say e get plenty people wey go share in this my opinion.

That statement only show say him no really understand crypto currency, cos if he does, e go know say no be all crypto Na e be scam and e no go generalise am, the fact say him Na big name no mean say e no fit dey ignorant for some kyn things.

[Fiatless]

But where I don’t agree with BurnaBoy is trying to called Cryptocurrency(internet coin in his words) a scam, BurnaBoy is a huge figure and should be careful with choice of his words. It is ok for him not to be interested but using his platform with high followers to express his thoughts about Cryptocurrency being a scam.

He spoke out of ignorance. He would have dissociated himself from the meme coin and kept his mouth shut. Tagging the entire crypto space as a fraud because of a few fraudsters is not acceptable. If he doesn't understand how the industry works, he should learn before making unguided statements.

[BIT-BENDER]

I understand where you dey come from OP but I want make you understand say even if Burna Boy or any celebrity for this world go as far as calling Bitcoin a scam, e no go for affect its adoption. Everybody dey entitled to their own opinion but e no mean say their opinion Na e supposed to be final. Yes, Burna Na big name and I'm a great admirer of his Art but the only thing e dey gimme Na entertainment, e no get as e wan be wey e go fit influence me or tell me wetin to do, and I believe say e get plenty people wey go share in this my opinion.

That statement only show say him no really understand crypto currency, cos if he does, e go know say no be all crypto Na e be scam and e no go generalise am, the fact say him Na big name no mean say e no fit dey ignorant for some kyn things.

I have witnessed a celebrity manipulating her fan until doing the craziest thing. Don't underestimate the support of a fan towards their celebrity, especially when the can is ignorant and not learned.
If you don't believe that celebrity has influence on their fan then companies won't be employing them for ads and some celebrities has caused brands to lose sale.
     But like you said burnaboy has the right to his own believe and right to air his own believe, he did not commit any crime.

[Ndabagi01]

Disassociating himself from the token on all his socials is the right thing to do else the scammers will continue to promote the token in his name and scam victims who believe the artiste is a part of the project.

Nigeria suppose don wise pass this stage now to know say all this token wey them dey promote through the names of celebrities all na fraud and them need to dey very careful and make them distance themselves from such projects. This thing don happen in the past before and we don see as many people fall victim for the thing and regret it. Just that some people need to be warned again and again if not dem go still fuck up, go put money inside wetin go scam them all in the name of making quick money.

[Felicity_Tide]

Well, it is good that he came out earlier to inform people, especially his fans, and didn't have to wait until things escalated before taking actions, which is unlike other celebrities that choose to reap and take from their followers. But the funny thing is, even if he was the figure behind the trending memecoin, and he ended up pulling a rug pull successfully, he would have still walk free because he's a supposed public figure.

And as for the part where he called it scam, well, we all are entitled to what we choose to say and what we choose to believe. That is why we always say "Don't trust, but verify". His comment was kind of general, and he was even calling it "internet coin".

[Davidvictorson]

Omo the guy did the right thing o. He is already bastardly rich and doesn't need any crypto promotion to boost his wealth. He is also being careful before bloggers will not waste time in tarnishing his image. If he said they are scam, well he is speaking from his own reality and not that of the general public. Far more people have called it a scam too and we are cruising at 110k plus USD.

[Tungbulu]

I have witnessed a celebrity manipulating her fan until doing the craziest thing. Don't underestimate the support of a fan towards their celebrity, especially when the can is ignorant and not learned.
If you don't believe that celebrity has influence on their fan then companies won't be employing them for ads and some celebrities has caused brands to lose sale.
     But like you said burnaboy has the right to his own believe and right to air his own believe, he did not commit any crime.

I'm not saying celebrities don't have influence on their fans, sure they do but let me tell you something, there's only an extent that celebrities can influence their fans, even if there are people who are actually stupid enough to blindly follow their celebrities off the cliff, there aren't so many that'll put their celebrities ahead of their own personal welfare or survival. For example, let's say you've been benefiting from crypto for several years now and then all of a sudden, a celebrity you love so much comes up one day and condemns the same crypto that's your source of livelihood simply because of his own opinion which you know isn't really true but a complete misconceptions, are you saying that majority in this case would discard and denounce their crypto involvement simply because their celebrity thinks it's bad? I think not.

[Jostern]

So according to https://www.instagram.com/p/DMGBfNMM74U/?igsh=dDIzajcxYms3OW1l BurnaBoy through his Instagram story warned fans and celebrity lovers alike against a memecoin linked to his name.

I think the step he took was the right one because people would have gotten scammed just because of his name BurnaBoy, if celebrities like him can protect their die hard fans from scams.
 
But where I don’t agree with BurnaBoy is trying to called Cryptocurrency(internet coin in his words) a scam, BurnaBoy is a huge figure and should be careful with choice of his words. It is ok for him not to be interested but using his platform with high followers to express his thoughts about Cryptocurrency being a scam.

Telegram and social media platforms are work space for scammers but this no mean say the entire platform are scams. I don’t get it but people who have not studied cryptocurrency think it is a scam.

Cryptocurrency is not a scam, but there are scammers who are in cryptocurrency just like there are scammers everywhere.

I share your sentiment, it was a nice step for him to take to protect his fans and also individuals who would want to invest in any shitcoin like that and that would probably Tannish his name, and saying cryptocurrency, people who knows bitcoin should know that bitcoin doesn’t rely on anyone to thrive instead shitcoins rely on Bitcoin to thrive and people knows that he isn’t talking about bitcoin, because I’m fully convinced that Burna Boy uses Bitcoin for his transactions and that wouldn’t affect the effectiveness of Bitcoin no matter what anyone says or any artist or political leaders.

[Uhwuchukwu53]

This is one of the most proactive step a good leader with that kind of followers should take because any loss on its follower will be reference to him, the protection of his speech alone show more lover for the followers it unwise for him to keep calm while his followers are lost in the system in the assumption of him being behind it even when his not. My opinion is that even when people follow artist who lunch meme coin more work of applying Sense of details should be put in place because many scammers uses this artist to achieve their scam.