Headline: “People Behind Crypto Protocol DeFi100 May Have Absconded With $32M in Investor Funds.”
Tweet (language warning):
I understand why you have to be cautious with headlines, but “F*CK YOU MOONBOIS” seems pretty, you know, unambiguous.
6 thoughts on “Tweet of the Day, I Think ‘May’ Is Being Overcautious Here edition.”
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Honestly?
I’m surprised it hadn’t happened sooner.
I have long believed that cryptocurrencies were on the brink of some scammer running away while yelling “lololololololol”. The FTC posted something about crypto schemes just last week. The basic gist was “if you do not understand how someone intends to make money off your investment, they are a scammer. If someone promises to send more money back to you than you give them, they are a scammer. If someone asks you to pay for something with crypto, they are a scammer. Please stop giving scammers your money.”
This .. is the main reason why most currencies require something nice and hefty, like a government, to back them up.
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Generally speaking, and with some obvious exceptions, governments don’t tend to run away shouting “lololololololol” ..
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Mew
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p.s. and if they do, well .. there’s always real estate.
Governments do make your investments in their currency worthless, but they generally use big words like “inflation” to describe what they’re doing.
At this point, though, I can’t say that crypto is less of a scam than Stocks and Bonds.
Which is saying something, because crypto is transparently a scam.
I get the feeling that there’s a point where it goes from “being cautious about headlines” to “wry humor about the fact that we have to be so cautious about headlines”.