Why I'm pissed at Shib Inu. Long RANT, but also for people who want to know more about Shiba Inu and ShibaSwap.

I had a large amount in it, mostly providing liquidity, but also in all their tokens. I was very into Shiba, and loved how strong their community seemed. There was a lot happening, especially when ShibaSwap came online. Then, for me, the spiral down started.

The first bad thing that happened after ShibaSwap came out was that their second round of awards did not happen. The Devs postponed rewards from one week, to two, then for over three weeks due to one Dev's family member being sick. They have to manually do rewards. This caused a lot of dissidence in the ShibArmy. The LPs started tanking as the coin values started dropping. Needless to say I had to save my ETH, and thank God I did in time.

Next. On ShibaSwap people cannot see their staking rewards until they pull out of the pools, unless they dig through the analytics (which I will say are nice to have). People are constantly asking where their rewards are. Shiba attracts a lot of noobs, low level investors, and people who think a million Shiba is something. They are loud, rash, and quick to jump ship. This causes extra turbulence.

Then they changed the rewards from every week to every two weeks on a regular basis.

Next their army has been begging for a burn of Shiba tokens. They don't listen and don't burn. Again, their people get vocal, obnoxious, and jump ship and spam them for burns.

Onward we go. What I thought was initially a smart move and good publicity and to help people worked terribly against them. Shiba gave half the supply to V.B. who in turn didn't want it and gave it to the India Covid Relief Fund. Good for India, bad for holders. It could have been done a better way. Those massive amount of tokens have been flooding back in for months and their pool still isn't dry.

Next, their adding more tokens to the mix. ON TOP OF THE THREE THEY CAN'T SUSTAIN. Soon their adding "Shi" for crying out loud. Well Shiba is down from .00003 to .000006. Leash is down from $8k to $700ish, and Bone is down from $15ish to .97c today. They don't need more tokens. That's the last thing they need.

Let's continue. They made most of their ShibaSwap rewards in Bone tokens. Well you only get 33% of these and the rest is locked away, stockpiled in a coffer until January. Well everyone knows what will happen when they are all released to the market in January.

We forge on. They did not give their Leash token an actual utility, YET THEY CALL IT THEIR UTILITY TOKEN. Their main Dev Shytoshi, told the holders it's was up to them to come up with a utility. I shit you not. Meaning, not that he was up for ideas, but that it was 100% up to them to make it a utility.

This debacle has all been happening in a BULL market, after they released an exchange...which by the way is down from $1.6B TVL to $258M TVL.

I'm sure I could go on. I mean they coined the term "Doge Killer" on their CMC listing for Leash, which was not smart. Already a meme coin searching for utility, don't make "killing Doge" your utility.

Lastly, the LATEST Coinbase debacle that happened yesterday didn't do them any favors. They are easily manipulated by whales.

Now, looking at all this. Or better yet having been a part of it, I still feel like with their number of holders and "passionate" young community, they can still do things. I'm just not going to be a part of it. It makes me mad and sad. I was very much into Shiba and had hoped for better things. It's still young, so who knows. I wish them the best.