JAM Catastrophe: Brace For Impact!

Vitalik Buterin has announced he's launching Ethereum 3.0 as a completely new token, despite previously raising $70MM from the community to build upon Ethereum 2.0.

Oh wait—sorry, that's Gavin Wood and Polkadot.

Yes, folks, it’s soon to be official: JAM will be launched as a direct competitor token to Polkadot. Expect an avalanche of polished narratives designed to justify this betrayal:

• "We must rug DOT to enhance JAM developer visibility."
• "JAM has a unique architecture—DOT compatibility is impossible."
• "Developer visibility! Developer visibility! Developer visibility!"

Brace yourself instead for what this truly means in practical and legal terms:

• Textbook fraud against the Polkadot community and investors has occurred. The original DOT ICO increasingly appears designed with fraudulent intent—allocating one-third of DOT tokens to the "Web3 Foundation" (W3F), which then funded the direct competitor token, JAM. Consequently, everyone associated with W3F, past or present, has potential legal liability.
• Repeated public assurances explicitly stated JAM would not be a new token, thereby deceptively leveraging Polkadot’s existing investor base.
• An impending death spiral looms for DOT as investors, nominators, and stakers rush for exits, destroying token value and network security with it.

Now it’s obvious why JAM required the excessive and wasteful 38 development teams—these teams represent the future JAM developer ecosystem, all financed by DOT investors who will soon see their portfolios painted in permanent red.

Gavin might find this "Red Wedding" approach to crypto amusing, but rest assured, it's a declaration of war on an unseen horizon of people who bought into his lies. Among those to be defrauded are crypto whales and institutional investors who are neither forgiving nor forgetful. Once betrayed, these whales won't simply retreat—they'll regroup, form strategic alliances with competing blockchain ecosystems, and pool significant resources to systematically dismantle Gavin's credibility, JAM’s viability, and whatever ecosystem he attempts to build on the ashes of DOT.

After Gavin destroys DOT, expect these powerful forces, with extensive financial resources and influence across the crypto industry, to mount a relentless campaign to destroy Gavin and JAM. JAM will end with vulture ecosystems absorbing the tech with minor tweaks and rebranded as their own --just like Cardano is doing with Parachains.

This battle won't end well for those responsible for this deceitful rug pull.

Remember, Elon Musk is still caught up in court over TWEETS about Dogecoin. Do Kwon is in the slammer for far less than this. Reality works the same everywhere and for everyone, and eventually, it will for Gavin & Co.

In the meantime, the Polkadot community had better prepare for another classic crypto rug pull on a LUNA-scale.