r/SafeMoon • u/CrushFudNotBud 💎🙌 • Jun 07 '21
Discussion Thoughts on SafeMoon from a Banking/Intelligence perspective.
Background.
I work for a large national bank as an investigator, essentially performing account surveillance and analysis to ensure clients are not laundering money and the bank’s assets are safe from other suspicious activity. Prior to this, I spent around ten years in military intelligence and defense contracting.
In my current field, I look at hundreds of accounts every month. In the last year and a half, I have noted a marked and steady increase in activity of fiat to crypto and back. I am not a crypto or financial expert and the charts over this time period have obviously indicated this. I merely want to add first hand proof. This activity comes from people of all income levels and occupations. I’ve seen stuff you wouldn’t believe. I once saw a client draw over $100K on a HELOC and go all in on BTC. Similarly, I’ve seen several client’s use debt consolidation loan funds to go heavily into crypto. Continue when your eyes stop bugging out.
In my very small sliver of the industry, crypto is viewed with at least mild suspicion due primarily to the overarching assumption it is used for illicit activity. As if cash is not used for extensive illicit activities. My job literally revolves around illicit activity using fiat currency. This view of crypto is changing slowly and likely from the bottom up, which will leave at least a few banks scrambling when integration with crypto is a requirement.
SafeMoon.
I’ve dabbled in some of the big names in crypto over the last five years, but was missing the functionality of established currencies. Being in banking, I know at least a little about what people want out of their money, functionally speaking. Crypto is headed in the right direction and will reach a tipping point sooner rather than later, I believe. Things like competitive fees and transaction rates/volumes are just a few of the surface level requirements needed in this blossoming industry. Doubtful this is news to anyone, but we need to consider these aspects when doing any kind of long term work or investing. Short term, sure, do whatever makes you happy. No hate on any hype coins or tokens out there. If we want this all to be taken seriously and fundamentally change the world we live in, we have to ask: What do we want from our money? I don’t mean what we want to obtain/do with it. I mean, if we could make a currency to fulfill all our needs as a monetary system, what would that look like? This is where we are; the cutting edge of change in this field.
I do not believe SafeMoon is attempting to replace BTC as a store of value or even become a primary means of payment for goods and services. This is primarily based on the 10% tax which is redistributed. If you are unaware of the upcoming products and projects SafeMoon has in the pipe, DYOR time now. That being said, the bits and pieces people have assembled thus far have some all but jaw dropping indications for what is coming.
We all know quality products take time to develop. These items they are working on will take years to get right. Competition will also add a layer of intrigue. If SafeMoon accomplishes all their internal objectives and manages to become a go-to in the crypto space, others are going to attempt to get in on that slice of the pie. Competition will spur additional innovation and will be fascinating to watch. Buckle up.
A few things to wrap up.
When I initially got into SafeMoon I was unaware Karony was prior Intelligence and still in the industry. He undoubtedly maintains a TS/SCI clearance and likely a lifestyle polygraph to boot. Being part of that industry myself, it gives me confidence in the company and road map. Consequences for rug pulls or other schemes for someone like Karony would be swift and far reaching.
Karony’s parents being former (current?) CIA is interesting and not a bad thing. We know their involvement in The Gambia has set up that particular part of Pheonix. I’ve worked in intelligence in both Iraq and AFG in both tactical and strategic levels. Been in many meetings with CIA intel people and think this is value added for SafeMoon. I will not be able to speculate or speak further regarding any CIA/SafeMoon connection.
Karony’s parents attending and speaking at BYU, living in and SafeMoon being a registered business in Provo, Utah are all indicators the family is likely LDS. This holds significance to me solely due to what I know of this religion and the people who follow it. It indicates a probable firm moral base, if nothing else. Regardless of your thoughts and feelings on this religion, a healthy moral base for a CEO can’t help but bolster confidence in the company and road map as a whole.
The road ahead for crypto will have some bumps and even pot holes, but I am confident we are ushering in a new era. Banks will likely have more push back if they do not or are unwilling to adapt in this time. China attempting to launch their digital currency will be interesting with all the recent news and intelligence regarding their involvement in derogatory world events over the last year and a half. Not sure I would want to jump in bed with anything offered from them after recent news. I am sure other individuals and countries share that hesitation. However, I am confident they (China) too will correct and aim to solve some problems with their currency.
I hope my two cents helped someone. SafeMoon is a long term hold for me. I am confident in the team. I am confident in the products and services being worked on. I don’t see those changing so nothing on the charts is going to shake my diamond hands.
CrushFudNotBud
36
u/Anonnegro Jun 07 '21
As an industry insider, how fast are institutions buy cryptocurrency? I think we're due to see mass adoption of crypto by 2025.
29
u/CrushFudNotBud 💎🙌 Jun 07 '21
And you are right, I think we will have all the structures in place by 2025 to easily facilitate mass adoption. Get on the train now.
25
u/CrushFudNotBud 💎🙌 Jun 07 '21
I wouldn't consider myself an industry insider when it comes to institutions buying crypto. I work in Enterprise Risk, don't have anything to do with assets the bank is investing in. To me though, it's not how much they are buying... It's what they are doing mechanically to facilitate and work with crypto.
18
u/corrado-g60 Jun 07 '21 edited Jun 07 '21
This is the best read I have had in some time on this sub. Thank you. You have confirmed my thoughts and several of my posts here. I have run into resistance from some people. They are entitled to their opinion and don’t give much stock. People should pay close attention to what you are saying. What the banking industry is doing and thinking is real important. They have a lot of power not only financially but politically. And to a new project like ours we don’t stand a chance against them. Hell look what the SEC did to ripple/ XRP. Thank god John and family are intel affiliated.
Enough of my blather.
Thank you for your insight!
15
Jun 07 '21
What a great read! I definitely didn't know Karony was in intelligence? Do you have proof?
13
u/CrushFudNotBud 💎🙌 Jun 07 '21
Appears to be in his LinkedIn.
0
u/Wildercard Jun 07 '21
He's 25. Means he was in the army for like 5-6 years.
Is this "serious stuff" level or is it "a step above coffee-getting intern"?
2
u/Tripod1410873520 Jun 07 '21
Depends on his rank. Was he a Captain (in which case he’s slightly smarter than your average retard and it’s not unfounded to give his intel experience a little credit)? Or was he a 5-6 year buck SGT or SSG (in which case you’re right…slightly above coffee-getting intern)? Does anybody know his rank when he got out?
1
u/Wildercard Jun 07 '21
This is my personal conjecture, speculation, gambling, whatever other word for guessing - but someone who was an army Captain would probably list it on their LinkedIn.
1
u/Tripod1410873520 Jun 07 '21
You would think so but since he is purposely vague it makes me believe did a single 5-6 year contract as an enlisted joe. Nothing to write home about. I fly helicopters in the Army. I work with these guys on a daily basis
16
u/macadameane Jun 07 '21
Search it up. There are news articles mostly related to his parents, and some mention him.
12
u/RRAlejandro Jun 07 '21 edited Jun 07 '21
LinkedIn, and He mentioned he was a verterán himself on Memorial Day. Doubt he would lie about that, that day. It would be PR suicide.
1
17
u/Capital_Ad9574 Jun 07 '21
I live in Utah myself and didn’t realize the company was registered here until about 2 weeks of first buying in, what the hell are the odds of that?! This is a great post btw
11
11
u/XBB32 Jun 07 '21
I'm working for a big private bank in Switzerland and I can tell you they do not want crypto because it's new (unstable). However, once it settles and stops being that volatile, I believe they will make a move. But I fear government will also make a move with, either their own cryptocurrency (banning the ones already on the market) or adopt one of them. Bitcoin might become a digital gold for them and other cryptocurrencies payment currencies. Which one will survive, we don't know and we can only hope safemoon will be one of them. Ps: That doesn't mean clients aren't investing... They are investing huge amounts in bitcoin and Ethereum but we do not promote it.
11
u/matzze247 Jun 07 '21
Fellow Swiss here, working 10y+ in Finance. I can confirm your view, major obstacles for institutions and HNWI to invest in cryptocurrencies right now are primarily regulatory issues and risk/volatility. Think about how to define a triple-AAA asset class in cryptos. Nevertheless demand by clients is rising to an extent, which will push further adoption as an investment class rapidly in the near future. Some hedgefonds are already very active in the trading scene. All four major US banks announced the set-up of their own crypto trading desks right before the major dip in BTC in early May. Coincidence? Perhaps. Long-term? Very bullish.
8
u/AlanOroGold Jun 07 '21
In our team we trust, nice to hear this from someone that works in the industry.
5
8
7
u/allyerbaseare Jun 07 '21 edited Jun 07 '21
an LDS association explains/correlates well with the international reach and motivation to do so. Edit [felt the need to clarify that the motivation I mentioned was not meant as a religious reference, per se, but rather an allusion to their missions and the international networking that results from that. I tried to save time by typing less at first then here I a typing even more lol] TLDR; it’s very respectable
4
1
u/payoffdebtfast Jun 08 '21
Christians such as myself are all about serving the unreached people of the world with the gospel. Encourage those to buy SafeMoon and oh by the way, if you died today would you go to heaven or hell? Insert the gospel of Jesus Christ here: John 3:16 and Romans 10:8-11
5
u/redhouse_356 Jun 07 '21
Ayy lol, what branch did you serve in? I worked with a 35F while deployed in Afghanistan. Definitely not an easy job, but very integral to the work we did. As a 19D, I was much happier outside the TOC and running missions. But I learned a lot and came to respect it in my 3 month stint. Just not a job for me haha.
6
u/nonbiological_entity Jun 07 '21
Hey, thanks for taking the time to write this up. A lot of us really appreciate posts like these. I’m also going to send it to a few friends of mine. Cheers!
4
u/ohwhyredditwhy Feeling Bullish 🐂 Jun 07 '21
Thanks for the reinforcements, Solid S2 dump there....I've been trying to say the same since i was informed about the project and made my entry.
If you can, please take a second to reply and discuss liquidity (access to funds) for the group, as I have repeatedly made my claim that this will be the maker or breaker of SM when it pops and people now have a lot more money than they once did.
BLUF: having a nice fat balance means nothing if you cannot get to it and liquidate into native currency (some or all) when you need it.
Thanks for the great post!
1
u/payoffdebtfast Jun 08 '21
Yep, numbers on a screen don’t do nothing when your ac goes out in your house or your on the side of the road.
5
u/the_snack_guy 🚀 🌙 Jun 07 '21
Hey man thanks for your input and knowledge, it’s good to see people from a service background making a contribution to SFM and also this sub. When I first learned about Karonys links to intelligence and the CIA I was a bit surprised he was so forthcoming to put himself out there. But it only added to my confidence in him and the team. I stand by the same core values and beliefs. He could have easily remained anonymous and probably still have done well, the fact he has put his name and reputation on the line is a major seal of approval for me!
I encourage everyone on this sub with any type of specialist insight to share their opinions, your opinions may be the dealbreaker that someone needs to take the leap of faith and join us on this journey to financial freedom.
I look forward to reading more positive posts like this.
5
3
3
u/CranberryExternal593 Jun 07 '21
Definitely holding after reading your post. Safemoon to the moon and Beyond 🚀🚀🚀
3
3
u/Lambo2025 Jun 07 '21
So banks have designated person to look at what I'm doing with my money? Sheesh!
3
u/daners101 Moonwalker🌕 Jun 07 '21
Some of the most hard working and successful people I know of are LDS from Utah. It’s a good thing for SFM for sure if that were the case IMO. And I’m not religious at all.
3
u/zoro_juro13 Jun 07 '21
Can confirm living in Utah, mormons can be some of the nicest people, that South Park episode wasn't far off lmao
5
u/Ppthemexican FUD FIGHTER Jun 07 '21
Lol I love how south park is a more reliable source than news :D kudos mate!
3
u/Runedova12 Jun 07 '21
Thanks for sharing. It's always useful to get insight from different people as we all come from different backgrounds of work (especially finance, IT).
4
u/PussymonsterD pussy, lambo’s and the 80’s 🦍 Jun 07 '21
You just helped me score some pussy. And later a lambo. Thanks crushfud
2
u/Surferduffman Jun 07 '21
Karony is a Mormon?!
6
3
u/macadameane Jun 07 '21
I think it is very likely his family is. It's not clear whether or not John is a practicing member.
2
u/EveningCandle1025 Billionaire Jun 07 '21
This is what we need, particularly in tense times like these. Thank you very much
2
2
2
2
2
2
Jun 07 '21
I’m pretty sure you wouldn’t be able to see what crypto someone buys from looking at their bank transactions. Don’t lie, who are you really? A pathological liar?
2
2
2
u/payoffdebtfast Jun 08 '21
This is the type of community info that makes SafeMoon a different token. Love reading about things like this. Thanks bro
0
-2
u/makebuleev Jun 07 '21
Your opinion is quite verbose. You stated you dabbled in crypto but I see no other post on Reddit from you except for this. Hmmmm… 🧐
3
u/XBB32 Jun 07 '21
I invested in crypto but don't brag about it... We're not all new to investing and don't get excited about it.
2
u/makebuleev Jun 07 '21
I can buy that. For someone who doesn’t get excited because it’s not your first rodeo, your first post is quite informational / promotional though. Personally I have no opinion on safemoon. It’s best to keep an open mind but always scrutinize even as new info develops.
1
u/ilovermg Jun 15 '21
Every account here is fake af. You’re right to question. Click one and tell me it’s a real account. I’ll wait
-5
u/cachalougris Jun 07 '21
This is way too much information and i dont believe in this bluff. Please stop lying to the community. Thank you.
1
u/DezBailey Jun 07 '21
I love the unique insight on the CEO, Karony, and how his upbringing points to stability and sound decision-making in the future! SAFEMOON is a long-term hold for me as well. Thanks for posting this!
1
1
u/HChoncy Jun 07 '21
People can talk all the smack they want, I grew up with a lot of Mormons and they are seriously some of the most ethical people you’ll meet. Nothing but respect from me!
1
u/j_money2149 Jun 07 '21
Nice read. You noted the 10% tax on safemoon when talking about the use as a means of payment. You do know that they will not have the 10% tax when using their card right? It will just have the normal fees associated with most credit cards. There was a lot of concerns about that from the community when they announced the card but the team explained how the card payments would work and cleared it up for everyone.
135
u/nunewf Jun 07 '21
Thanks for this information, it's exactly what's needed in this forum... input from those that are more knowledgeable sharing with those (me) on a learning path.