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DeSci meme coin scihub caused controversy! A pro bought 22% of the supply at once, and the internet questioned rat trading.
DeSci + Memes are still hot, what other good perspectives are there? Do these meme coins really contribute to Science? Some people can't stand it and shout, 'Have you donated a penny to sci-hub while hyping desci all day?'
Image source: Foresight News
What is Sci-hub?
According to Wikipedia, Sci-Hub is a shadow library that uses various methods to bypass the paywalls of publishers. In 2011, Kazakh graduate student Alexandra Elbakyan decided to establish Sci-Hub because the cost of accessing research papers behind paywalls was too high. Its users are spread all over the world. In February 2021, Sci-Hub's homepage showed that it stored over 85 million papers.
Sci-Hub and Elbakyan have been accused of copyright infringement in the United States twice, both times losing the cases due to the absence of the defendants. Sci-Hub has received praise from the scientific, academic, and publishing communities, believing that it can effectively disseminate knowledge in the scientific community and provide research results funded by the government to the public for free. Publishers criticize it for copyright infringement, leading to a reduction in their own income and posing a threat to the cybersecurity of universities (although publishers may be exaggerating the threat. Sci-Hub also prompts publishers to set up stricter paywalls.)
Image source: Foresight News
When Elbakyan defends Sci-Hub, she will in turn question whether the business practices of publishers comply with ethical standards and Article 27 of the Universal Declaration of Human Rights. She insists that operating Sci-Hub is a moral imperative and the law should not prevent her. She once said, "If all Americans obeyed evil laws, they would still be ruled by the Queen and slavery would continue to exist today".
meme coin scihub
"Have you ever donated to sci-hub?" 0xAA, former chairman of the Peking University Blockchain Association, thought the question made sense, so he donated 0.1 Ethercoin.
Image source: Foresight News
But if it only stops at donations, there will be no exciting stories afterwards - 0xAA bought 22% of the supply of the meme coin named after scihub.
Image source: Foresight News
The meme coin called scihub rose to a Market Cap of $70 million overnight. 22% of the token's value held by 0xAA is worth thousands of dollars. Will he donate 20% of the token as promised? Will donating 20% of the supply rationalize this almost crazy speculation?
At the beginning, the founder of Sci-hub, Elbakyan, did not agree with the project.
Image source: Foresight News
Image source: Foresight News
But later she added the option to accept $SOL Wallet donations on the Sci-hub website.
Image source: Foresight News
Later, 0xAA indicated that Consensus had been reached in Elbaf and pledged to donate 20% of the Token.
Image source: Foresight News
Controversy
The incident has sparked a huge controversy in the Chinese community, mainly divided into two points:
Accusation of rat trading
There are accusations of rat trading against 0xAA, with only 22% of the tokens held in its public Wallet, the actual controlled tokens far exceed this proportion.
Image source: Foresight News
Image source: Foresight News
Why not donate directly?
Is it about helping scientific research or a money game? Some people think that direct donations should be made instead of using speculative memes.
Image source: Foresight News
Image source: Foresight News
Image source: Foresight News
0xAA also said bluntly, 'I want to make money, the kind that everyone can make together.' I hope everyone can win together, both profit from the meme coin and support Sci-hub's operation.
Image source: Foresight News
Supporter's perspective
Opponents have their own views, and the community also has many people supporting the behavior of 0xAA, analogizing the act of using memes to raise funds and donating some of the chips, and the lottery model.
Image source: Foresight News
[Disclaimer] There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific circumstances. Investing based on this is at your own risk.
This article is authorized for reprint from: 'Foresight News'
Original author: Alex Liu, Foresight News
'DeSci meme coin scihub causes controversy! A certain pro bought 22% of the supply at once, and the Internet questioned the hoarding.' This article was first published in 'encryption city'.