On May 15, a San Francisco marketing executive named Pete Brown wrapped a red tie around his head — an homage to Keith Gill, aka Roaring Kitty, the man behind the famous GameStop meme stock phenomenon of 2021 — and laid his cards on the table in a short YouTube video.
Brown, known by his handle “Petoshi” to the community members behind Boomer, which trades on Coinbase’s new blockchain called Base, opened the video with a shout-out to Gill and the GameStop movement that he led.
“People called him crazy but he trusted his conviction,” Brown said, “and thank the universe he did! He changed the world and I believe we’re going to do the same thing.”
During his extraordinary run as the architect and head cheerleader of the GameStop stock explosion, Gill kept his army of followers on social media braced with the courage to buy-and-hold, as the price skyrocketed and hedge funds on the short side were pounded mercilessly. Gill also shared screenshots online as proof of his own major long positions.
See You and Raise You
Brown, one of the largest holders of Boomer on Base, which launched in April, went a step further than Gill, whose actual identity as a 34-year-old insurance agent in Massachusetts, was eventually revealed not by himself, but by sleuths.
In contrast, Brown chose in the video to not only “dox” himself and his day job as a successful marketing professional who leads a team of over 30 employees. He also shared the two blockchain wallet addresses where most of his Boomer is held (and which briefly hit a total value of around $1 million last week.)
In other words, anyone can now view Brown’s wallet transactions. If he starts selling, the Boomer community will see it, essentially in real time.
“These coins will not move whatsoever,” Brown said. “I have no plan to move these until we hit the billions and I believe that it’s going to take not just me but… a really hardened community full of diamond-handed folks.”
“If we’re going to really onboard Boomers safely and educate those Boomers so that they don’t get scammed… and then they find a reliable trusted coin, it’s going to be the one that has a doxed community,” he added.
A Huge Comeback
Ironically, the Boomer story began as a rug pull, one of the primary means of scamming investors in the cryptocurrency world, in which a project developer “snipes” all the liquidity for himself shortly after a coin hits the market, leaving everyone else with a worthless asset.
Only in this case, the ones who got rug-pulled were an unusually determined group, with battle scars to prove it — as many if not most players in the crypto space also have. Like Brown, many in the group were successful and tech-savvy business executives and entrepreneurs.
Managing to retrieve the keys to the Boomer website, Twitter and Telegram channels from the vanished developer, the community banded together, openly revealed their personal identities to one another, and went into overdrive to pool resources, hold things together and regain momentum.
The community has since grown from around 500 to 5,000 members on its Telegram channel, and from 500 to almost 6,000 X (formerly Twitter) followers.
Since its launch, the value of Boomer has risen from around 1/100 of a cent to 6 cents, and back down to around 4 cents, currently. Still, as of this writing, the earliest investors have realized substantial gains and their combined efforts to continue developing educational content and to form relationships with the leaders behind Base have been encouraging.
Jesse Pollack, leader of the Base development team, bought some Boomer coins after meeting Brown this month at a San Francisco event and hearing about the community’s story and mission to help newbies in crypto avoid predators, who still lurk in the crypto world’s darkest corners. Meanwhile, some industry observers forecast Baby Boomer generation assets will move into the space at a rate of $300 billion over the next year.
Sky’s the Limit?
As this expected massive inflow of capital makes its way into crypto investments — and however many of the newbies (whatever age) might be tempted to venture beyond the strict confines of Bitcoin ETFs — the Boomer community continues producing content to create awareness about how to safely invest.
One of the Boomer community’s primary projects currently underway is an interactive game that challenges players to make their way safely through a sort of Super Mario-type maze of rug pulls, “honeypots,” and other assorted scams.
“We’ve got to make it fun for the masses, for the Boomers, for the normies to onboard, and so we’re going to educate them through this gamification,” Brown says. “This is one of many, many things that we’re going to do.”
He’s careful to couch all his comments with the standard disclaimer about not providing financial advice. But Brown also expresses the same level of confidence in his mission and commitment to sticking it to the scammers and rug pullers that Gill conveyed to his followers about sticking it to the big-money players, who manipulated stock prices through naked short selling.
“This is so massively undervalued in my eyes this is a joke,” Brown says about Boomer. “It’s only because Base was just born. Base has infinitely better technology than any of the other chains. Base is built by Coinbase. It’s regulated by the SEC. It has all of the users — 120 million active users in the United States.”
“There’s only probably a million users at most, let’s be honest, on Base actively right now,” he adds. “It’s sub 1% of adoption of where we’re going to be and that’s only Coinbase. Imagine when this opens to all the other chains all they have to do is unlock that and this will just, literally, this will go way past anything that we can imagine.”
Engaging with the Boomer Community
To take the next step in your crypto journey, immerse yourself in the vibrant Boomer community through various channels:
- Telegram: Join the Boomer Telegram group to connect with like-minded individuals, share insights, and stay updated on the latest developments in the crypto sphere.
- YouTube: Dive into Boomer’s YouTube channel for educational content, tutorials, and interviews with industry experts, empowering you with knowledge and inspiration to navigate the crypto landscape.
- Social Media: Follow Boomer on platforms like Twitter, Instagram, and Facebook to engage with the community, participate in discussions, and discover exciting opportunities in the world of crypto.
By actively engaging with the Boomer community, you can unlock a wealth of resources, support, and camaraderie on your journey towards crypto enlightenment.
Follow @BoomerOnBase on X for more insights.
Or visit us at https://baseboomer.com/ to learn more!
Source: Written by Ray Bolger https://medium.com/boomeronbase/the-return-of-roaring-kitty-and-the-rise-of-petoshi-and-boomer-coin-82d301955e6f
