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Is Crypto Finally Dead?
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this post was submitted on 19 Jun 2023
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Technology
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Well, are MLMs dead? Audible book spamming? The nigerian prince scam? Hell, mail scams are still running to this day.
As long as there's a hook, I doubt cryptomoney scams are going to be leaving any time soon. It is rare we'll see scams of the same magnitude as before, but they'll always be around in those sorts of communities. Just a matter of principle, whenever money's involved.
You could probably go back to buying pokemon cards, though. The fact that crypto's greatest investors have a vested interest in not having their cash vanish into thin air, it's best used for it's purpose-- as currency-- unless another FTX fumbles the bag.
Those whales likely still have reserves to dump, too. Hell, they can probably create reserves. For a long time it will still be worth it for them to keep marketing crypto to dumb victims.