"Groups that operate under the guise of inclusion are serving the greater goal of crypto that keeps the whole thing afloat: finding ever more fools to buy in so that the early investors can take their profits."

"Predatory community"

· · Mastodon Twitter Crossposter · 6 · 34 · 69

@molly0xfff so much this. I get so frustrated when solidarity oriented organizations get sucked into the scheme :/

@molly0xfff Well this is a very interesting and a rather thorough post written. I am a crypto - cryptic myself, I am of the opinion that people get hyped by the surface - promises(that are well disguised lies)and then get conned. But as a math buff, I cannot deny that blockchain or rather distributed ledger tech holds a large promise outside of crypto as well. I am building a database and Algo based on the ledger that could parse data 3x faster than traditional.

@molly0xfff But almost no one has any idea how to actually use the distributed ledger tech for things beside crypto. Once the cryptos gold rush ends and the "communities" cool down, the actual potential of the blockchain and D.L.T in med and Pharma or supply chains(there is some research happening here as well) will change the world(ok maybe not change - change, but like move it ;) )

lol GFY *Wired* 


I can't stop snickering. Not at your article or at the risk to "common" people in it who thought they were getting a genuine shot at financial freedom. But when I went to one of the footnotes you added, *Wired* let me read a paragraph of the linked article. Then it told me I'd exhausted my free reads for the month and that I couldn't have any more without handing over my email, etc. lol. I don't even remember the last time I tried to click on a *Wired* article.

@molly0xfff ah, found a similar one at kubecon. There was a sticker in the men's room for "bitcoin chicks" and their whole website is just... Ew.

@molly0xfff man, being a crypto scammer must be living the dream.

> targets dumb asf
> high returns
> next to no risk
> nigh on untraceable with mixer services, privacy coins, etc.

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