Mishabwar directed a warning to one of the major contributors $DOGE
, known in the cryptocurrency community by his alias Mishabwar on the social media platform X, issued an important warning to the army $DOGE regarding cryptocurrencies, and one way they are being used unsafely for the community.
Mishabwar warned cryptocurrency users in retail, stating that they should stay away from "cryptocurrency lending products." He does not care "who or what applies" this type of service.
Warning to stay away from cryptocurrency lending products
Mishabwar justified his warning by stating that he does not believe the cryptocurrency sector is mature enough to make cryptocurrency lending "reasonably safe for most users." Moreover, he is highly skeptical that it will ever be safe.
Mishabwar believes that cryptocurrency lending is largely managed by "unethical sellers" (where he thinks it is easy to list many CEOs of trading companies). He accuses crypto platforms of "promising to safeguard users' funds" (both centralized and decentralized exchanges) and failing to do so "partially or catastrophically."
Mishabwar shared his opinion that "more work and a large dose of honesty" are necessary to effect any radical changes, after which "your grandfather can safely play with cryptocurrencies." He does not believe this will happen anytime soon.
Mishabwar highlights the issue of account suspensions $DOGE
At the end of May, Mishabwar drew the cryptocurrency community's attention to the fact that DOGE X accounts are frequently suspended. He tweeted, demanding "accountability from those calling for the suspension of these accounts in the Dogecoin community."
Expressing his deep concern, Mishabwar noted that accounts associated with Dogecoin are suspended "much more quickly compared to X’s usual handling of these issues." He spoke about a personal experience where Mishabwar himself reported several accounts of the content creators, mentioning that "it took a long time (and the help of large accounts) to remove them," while it was the opposite when it came to DOGE accounts on X.
