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14 sats \ 1 reply \ @nullama 5 Jul 2023 \ on: How crypto scams are structured bitcoin
The first question you need to ask yourself is:
"Why don't they use Bitcoin instead?"
The answer in most cases is simply because they want to print money from thin air and sell it to you for Bitcoin or fiat.
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0 sats \ 0 replies \ @kepford 5 Jul 2023
The most charitable view I can give crypto projects is that you are buying stock in the project/company/product. But when they pitch it as anything else in my view they are scamming.
Most people get mixed up and confused with crypto when they forget to ask why. Why do we need x. This goes for bitcoiners as well. Someday it won't matter but in this phase it does matter. If you don't get why bitcoin is needed you won't get it. It will be a get rich scheme to you.
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