Whales/Pump groups involved in cryptocoins? Prometheus, BobSurplus,Wolong, other

[djm34]

Wolong was the best he leave a coin better than it was before he entered
Not like the recents dumper whales

you are referring to pandacoin I guess... 

[Este Nuno]

I would definitely enjoy developing allot more if there wasn't a direct monetary value, and if people didn't care about the price.

I bet this is common among the better devs in this community. Ones that are doing it for their enjoyment or their beliefs first. Not for profit, or as some get rich quick scheme.

Interesting that you say that. My opinion of Shadow is that it's either complete bullshit made up by the whales, or they do actually have some hidden genius(supposedly you) who's capable of developing the tech that they're claiming. Reading your post makes me think it's possible they're not full of shit. I'll be interested to see how it all turns out.

[minairia3]

What about @manelecrypto on Twitter? That name keeps cropping up.  Real whale but quiet? Close to IconicExpert but not on the same page exactly and they push oppositely sometimes.

[svojoe]

I see the whales as a natural element in a chaotic system.   They are movers as much as they are shakers when you get down to it.  I've seen the coordination of whales make some pretty big things happen in this space.  But I've also seen a lot of good people get taken advantage of.

I agree with Ryno almost entirely.   The coupling of a coin project with 'monetary value' will always have some type of affect.    I do however think though that we need to understand that what we are all trying to create here is a better way to harness 'value' whatever that means.  So we must understand the markets come along with it for good or ill.

Also, I think its important to express that 'Whale' is a really subjective term.   Many or even most of us would have, or would be considered 'whales' by a new person to Crypto.   Sometimes we are in the right place at the right time,  Seeing promise is something hardly anyone notices and you turn your measly 1.2 btc into 1.7% of a new and exciting coin prospect.    You just became a whale by being in the right place at the right time.  Imagine the fiscal power it would take to muscle into 1.7% of a high market value coin.   Very few people could do it,  But those that can maybe I would call them whales?

Its a difficult concept, but I am sure I share the same opinion as many of you that I would like to see less of the abuse and manipulation and more progress towards satoshis dream.

All ships will rise!

[Krusty]

IMO whales are necessary. They bring big amounts of money to coins that otherwise never would have had the chance at it.

[rugrats]

I don't really have a problem with whales, but I definitely think that they shouldn't be able to dictate the priority of development, the development requirements or the future of the coin..

The first few months of shadow I was completely oblivious to the fact that whales.. The more things progressed, the more people were offering funds to hire extra developers, managers, technical writers, journalists, etc.

The team has obviously grown, and it took me a while to realise I'm no longer able to make decisions on my own, but it seems to be moving forward. I really don't like the delayed open source thing, but I guess you need to protect investments for a bit.

The whales also tend to know allot about other whales, and obviously they've been in the game allot longer than late adopters, so they have very valuable input most of the time.

I would definitely enjoy developing allot more if there wasn't a direct monetary value, and if people didn't care about the price.

Some day people will realise that this is all epic research and experimentation, and that the monetary value is actually curbing the innovation, because they constantly asking are we there yet, and if you miss a deadline or there's a bug or a hack that the developers weren't in control of, the whales can put a massive dent in an entire communities investment.

What an impressive post. Speaks well of the kind of developer you are.


In response to the OP's question, I think there are two types of whales.
The first are the opportunists who make profits from natural market movements. I think we should welcome them with open arms.
The second type are those who create coins, generate artificial hype, create pumps, and dumps their holdings before exiting the market. We should be wary of them, because they are capable of destroying cryptocurrency.