You might not know Drais, but if you’ve been following Krypto for the past few months, you’re probably familiar with his work.
Following the launch of its Simple Cool Automatic Money ($SCAM) token, the pseudonymous developer garnered coverage from an endless list of mainstream and cryptomedia publications including Vice, The Wall Street Journal, Benzinga, Mike, The Verge, The Week, and did. CNBC, among others.
Launched in early May at the zenith of the memecoin bubble, the scam was a partial experiment – Drais had never launched a token before – and attempted to make fun of other, exaggerated shitcoins. However, in the frenzy it somehow managed to get away with impossibility, and now its creator has been tasked with leading the Frankenstein crypto project which he essentially started by accident.
“There is a lot that is bigger than me right now… people put money into it, so now I have to turn it into something useful,” Driess told Cointelegraph in an interview in Miami.
“Once I put that coin, that liquidity pool together, there was a bar chart, that became a consciousness outside of me. I need to use everything in my power to make it better.”
memes get real
Part of what drives Dressus is a burning desire to prove his suspects wrong. He specifically targeted CNBC correspondent Douglas Bonparthe, whom he describes as “some CNBC bastard”.
His lack of background research rankles him: It’s easy to find his real name with just a few quick Google searches, and from there to his dozens and dozens of IMDB credits—he’s a successful production manager who once had two shows running. – Back to a primetime channel. Nonetheless, the media insisted on describing him as a “tik-tokker” – an infantile label designed to make them feel like an oddity to the success of his coin.
This year is 2040. The lumber replaces the dollar as the world’s reserve currency, Scamcoin reaches a $1 trillion market cap and a top capital gains rate of 100%.
– Douglas A. boneparth (@dougboneparth) April 24, 2021
“You talk to something you don’t understand. In [journalists] Still talking about the same five FAANG companies that have 95% marketshare, and then they talk about crypto as if it’s a Ponzi scheme,” he says.
The best way to get revenge, as he sees it, is to add real value to the world — something that career-talking chiefs don’t know much about, he says.
“I love making them sick now. It hits me hard. I’m going to make something that’s useful to this world, and they’re going to talk about my coin. Those ten, twenty years.” Went to school, did all this finance and law stuff, worked my way up to Coffee Boy – and they got to talk about my project,” he said.
Right now, plans to legitimize the project currently take the form of an educational platform where Dressus walks through the popular DeFi applications and the basics of using chains. As he sees it, there’s a profound information asymmetry for casual investors — everything they own has already been pumped in.
“I’m trying to teach people to be quick. And you can be quick. There are no limits for us, like there is in stock – you need $5-10 million to get into coinbase on $02 in stock. And they say “protect retail investors”… you’re going to protect them by making investors. Wait until the stock is $400 and let them dump it all?
winners and losers
His approach is somewhat skewed, given that he created a mem token that, at its peak, attracted $70 million in liquidity – he knows best how irrational the market is. His aim in education is not to make people think that they can all win – in fact, he thinks most people are losers.
“It’s part of the game, it’s life – even if you put all your money in a savings account, you’re not going to win. It’s about giving people a chance to really win. There might be someone at the moment who has less money but more appetite than me, and if you give them the tools to get there, they’ll be successful. Some people fail all day, whether you help them or not, but my goal is to help those who can help themselves.
This is a position for which the dress would be well suited. He is innately brash, but without any pretense – in another life he could be a preacher. Additionally, someone recently told him he’s one of the few Black developers in the space, he said — and he feels an obligation to keep grinding as a result.
“I know I have dedicated my life to the crypto space…not only what my project can do for the crypto world, but what it can do for the crypto world. I found the time to fall on my ass for a little bit, and I needed to be successful. Got more than enough time for that.”