{"id":272412,"date":"2021-06-11T22:54:10","date_gmt":"2021-06-11T19:54:10","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/a-man-and-his-s-c-a-m-solo-dev-dreesus-on-making-a-memecoin-legit\/"},"modified":"2021-06-11T22:54:10","modified_gmt":"2021-06-11T19:54:10","slug":"a-man-and-his-s-c-a-m-solo-dev-dreesus-on-making-a-memecoin-legit","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/a-man-and-his-s-c-a-m-solo-dev-dreesus-on-making-a-memecoin-legit\/","title":{"rendered":"# A man and his S.C.A.M.: Solo dev \u2018Dreesus\u2019 on making a memecoin legit"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a27d290a9444\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a27d290a9444\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/a-man-and-his-s-c-a-m-solo-dev-dreesus-on-making-a-memecoin-legit\/#Memes_get_real\" >Memes get real<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/a-man-and-his-s-c-a-m-solo-dev-dreesus-on-making-a-memecoin-legit\/#Winners_and_losers\" >Winners and losers<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># A man and his S.C.A.M.: Solo dev \u2018Dreesus\u2019 on making a memecoin legit <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>You might not know Dreesus, but if you\u2019ve been following crypto the last few months you\u2019re likely familiar with his work.<\/p>\n<p>Following the launch of his Simple Cool Automatic Money ($SCAM) token, the pseudonymous developer garnered coverage from a seemingly endless list of mainstream and crypto<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> publications, including Vice, The Wall Street Journal, Benzinga, Mic, The Verge, The Week, and CNBC, among others. <\/p>\n<p>Launched in early May at the peak of the memecoin bubble, SCAM was part experiment \u2014 Dreesus had never launched a token before \u2014 and part an effort to make fun of other, overhyped shitcoin. However, in the mania it somehow managed to improbably take off, and now its creator is tasked with leading a Frankenstein crypto project that he started essentially by accident. <\/p>\n<p>\u201cThere\u2019s so much that\u2019s bigger than me right now\u2026 people put money in this, so now I have to make this something useful,\u201d Dreesus told Cointelegraph in an interview in Miami. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-06\/65bd5873-f8ea-4853-87ed-82ca5e32b1d0.jpg\"><figcaption style=\"text-align: center;\">Dreesus outside the entrance to Bitcoin 2021<\/figcaption><\/figure>\n<blockquote><p>\u201cOnce I put that coin, that liquidity pool together, once there was a chart, that became a consciousness outside of myself. I need to use everything in my power to make it better.\u201d<\/p><\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"Memes_get_real\"><\/span>Memes get real<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Part of what\u2019s driving Dreesus is a burning desire to prove his doubters wrong. He took aim in particular at CNBC correspondent Douglas Boneparthe, who he describes as \u201csome CNBC motherfucker.\u201d\u00a0<\/p>\n<p>The lack of background research is what rankled him: with just a few quick Google searches it\u2019s easy to find his real name, and from there his dozens and dozens of IMDB credits \u2014 he\u2019s a successful Production Manager who once had two shows running back-to-back on a primetime channel. Nonetheless, the media insisted on describing him as a \u201cTik-Tokker\u201d \u2014 an infantile label he thinks was designed to make his coin\u2019s success look like an oddity. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">It\u2019s the year 2040. Lumber replaces the dollar as the world\u2019s reserve currency, Scamcoin reaches a $1 trillion market cap and the top capital gains rate is 100%.<\/p>\n<p>\u2014 Douglas A. Boneparth (@dougboneparth) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/dougboneparth\/status\/1385957527276359683?ref_src=twsrc%5Etfw\">April 24, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201cYou talk down to something you don\u2019t understand. These [journalists] are still talking about the same five FAANG companies that own 95% of the marketshare, and then they talk about crypto like it&#8217;s a Ponzi scheme,\u201d he says.\u00a0<\/p>\n<p>The best way to get revenge, as he sees it, is by adding real value to the world \u2014 something that careerist talking heads don\u2019t know much about, he says.<\/p>\n<p>\u201cI like making them sick now. It makes me go harder. I\u2019m going to make something that\u2019s useful for this world, and they\u2019re going to be talking about my coin. They went to school ten, twenty years, did all this finance and law stuff, worked their way up from coffee boy \u2014 and they have to talk about my project,\u201d he cackles. <\/p>\n<p>Right now, the plans to make the project legit currently takes the form of an educational platform where Dreesus walks through the basics of using popular DeFi <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications and chains. As he sees it, there\u2019s a profound information asymmetry for casual investors \u2014 anything they have access to has already been pumped. <\/p>\n<blockquote><p>\u201cWhat I\u2019m trying to teach people is to be early. And you can be early. There\u2019s no boundaries to us, like there is in stocks \u2014 in stocks you need $5-10 million to get in on Coinbase at $02., and they say \u201cprotect retail investors\u201d&#8230; you\u2019re going to protect investors by making them wait until the stock is $400 and let them dump on everyone?\u201d<\/p><\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"Winners_and_losers\"><\/span>Winners and losers<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>His perspective is somewhat skewed, given that he created a meme token that attracted, at its peak, $70 million in liquidity \u2014 he knows better than most how irrational the market is. His point in education isn\u2019t to make people think they can all win \u2014 in fact, he thinks most people are going to lose.\u00a0<\/p>\n<p>\u201cIt\u2019s a part of the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>, it\u2019s life \u2014 even if you put all your money in a savings account, you\u2019re not gonna <em>win<\/em>. It\u2019s about giving folks a chance to really win. There might be someone right now with less money but more hunger than me, and if you give them the tools to go out there, they\u2019re going to succeed. Some people are going to fail all day, whether you help them or not, but my goal is to help people who can help themselves.\u201d<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-06\/b28126a2-0a6b-4f3e-82a9-ce7b67800ded.jpg\"><figcaption style=\"text-align: center;\">A member of the &#8220;SCAMily&#8221;<\/figcaption><\/figure>\n<p>It\u2019s a position Dreesus will be well suited for. He\u2019s effortlessly loquacious, but without the slightest hint of pretension \u2014 in another life he might have been a preacher. Additionally, someone recently pointed out to him that he\u2019s one of the few Black developers in the space, he said \u2014 and as a result he feels an obligation to keep grinding. <\/p>\n<blockquote><p>\u201cI know I\u2019ve devoted my life to the crypto space\u2026 not just my project, but what crypto can do for the world. I got time to fall on my ass a little bit, and I got more than enough time to succeed.\u201d\u00a0<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/a-man-and-his-s-c-a-m-solo-dev-dreesus-on-making-a-memecoin-legit\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# A man and his S.C.A.M.: Solo dev \u2018Dreesus\u2019 on making a memecoin legit &#8221; You might not know Dreesus, but if you\u2019ve been following crypto the last few months you\u2019re likely familiar with his work. Following the launch of his Simple Cool Automatic Money ($SCAM) token, the pseudonymous developer garnered coverage from a seemingly&#8230;<\/p>\n","protected":false},"author":1,"featured_media":272413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvNDhkMWI2Y2MtYWM5Yy00Nzk3LWIwZjktOGMxNjNiYjM0NWI0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,73821,71101,4976],"class_list":["post-272412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-developers","tag-scams","tag-social-media"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/272412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=272412"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/272412\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/272413"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=272412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=272412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=272412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}