It’s by design though, isn’t it? Are there even any crypto green flags? Why are any of these ventures treated as anything other than rug-pull scams?
I think even people that put money into these know these are a rug-pull. However we need to update the meme. Perhaps those that lost are: temporarily embarrassed rug-pullers themselves. As in, they were hoping to fleece someone else, and got fleeced instead so they’ll stand up and defend those that fleeced them hoping one day to fleece others.
Its bad people all the way down from the abusers to the victims.
It’s half grift, half an avenue for bribery. Buying a lot of this coin is slightly less conspicuous than showing up at the white house with a sack of krugerrands.
Then again with this administration the grift is just right out in the open. So maybe this is a dumb as it looks.
It’s just that much more insulting when the grift is both obvious and so low effort
Green flags: a technology that is actually novel or useful. Monero is wonderful for privacy. Nano is great for microtransactions (see NanoGPT). Ethereum is great for smart contracts. Stablecoins are a good currency replacement in hyperinflation countries where there’s no better alternative. Crypto is a fantastic advancement of finance technology. Please don’t see them (all) as scams. I would argue don’t see them as investments at all.
The instructions that I heard was to buy high and sell low. Is that one of those “green flags”?
