Furio — A Bigger Joke Than I Thought

Chopping 77% off in one fell swoop 🔪

Bernard
5 min readNov 26, 2022
Image by the author

I realize that those of you who only read my stories on DeFi Daily ROI schemes like PonziCoin, I mean DRIP, and my two on Furio (this being my second) must think me a Negative Nelly.

While it is true that I am a great skeptic of such things, that really is not true. I am generally hopeful and optimistic, sometimes even too optimistic.

Even though my equities portfolio is currently down somewhere in the neighborhood of 70K this year, I have no doubt, no FUD as you’d like to say, that it will come back stronger than ever. Unlike these scammy temporary schemes, like Furio, I have long-term faith in the stock market. People will continue to want services and products that provide actual utility in the future.

So here we are in late November 2022, and Furio is already in crisis mode however they and their top shillers want to spin it. Cutting the price of anything, especially something at least tangentially finance-related, by 77% all at once is not a move made from a position of strength.

Can you spot the two red flags 🚩here? Screenshot by the author.

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Bernard
Bernard

Written by Bernard

A married father of two adult children and a Morkie. Long-time economic developer, former P.O., avid reader, thinker, investor, and walker.

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