The Great Crypto Scam

Something to start your new year.

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The same dude (James Jani), also made a video on the Law of Attraction, proving that he has no clue about anything. He is just reusing the same old mainstream matrix sceptics brainwashing content that has been out there for decades. Nothing new and nothing of value. As always, this is my personal opinion.

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I don’t have time to watch it.

Does it say crypto is gov-made or smth like that? That would be a new perspective. Anything else, I probably already thought on my own, along with thousands of people.

Cyrpto is full of scams like many things. But I’d be more concerned if it was gov-created. It is already taxed and and gov tries to control it so…

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You don’t have to kill the messenger. Yes I have seen the LoA video but just because he showed something which works for some as wrong does not mean he has to be always wrong.

I always found Crypto to be a shady thing and with the fall of bitcoin and crash of FTX people started seeing the true value of crypto.

People are not supposed to create currencies and then use real currency to buy these newly made currencies that do not exist nor backed by gold. And I find it foolish when people say we don’t need banks, we can do without them, it is like saying we don’t need police because we can take care of our own safety.

But if people still want to get scammed it is their choice, their own money. I’m not making any judgement.

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No he doesn’t talk about government, he talks about VC firms pumping money to buy crypto and loading them off to retail investors, making money and then disappearing which is the fact of how people make money in crypto.

The fact that they are surviving people in the wall street and in the government must be hand in glove with the entire crypto world.

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stick to Bitcoin or coins that have no ICO or private investors.

don’t leverage/margin trade.

Follow the Stablecoin marketcaps;
A drastic decrease in market cap within the top stablecoins (USDC,USDT,BUSD,DAI) and Bitcoin marketcap increase while price is steady / slightly lower? (follow the money)

A drastic increase in market cap within the top stablecoins (USDC,USDT,BUSD,DAI) and Bitcoin marketcap decrease…? (follow the money)

Block out the notice.

keep your funds outside exchanges… they don’t need to hold your coins if they ain’t using it… anyone who requests to hold your coins and claim not to use it should be looked at closely.

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I watched the whole video and I applaud his youtubing + editing skills.
But I recall many of his videos themes are really only there to “uncover” the “real” truth when it is only an opinion branded as facts.

Tbh I am glad to have sapienmed NFTs mostly, as they truly are revolutionary. But thats a matter for another video (which he would likely also pick apart :smiley: )

Though truth be told…what is mentioned in the video happened here as well. Many groups buying low and they are not in it for the NFTs but rather eyeing the profit.

Then the issue isnt really the NFT or blockchain or smart contracts - instead its the entire mindset of the collective consciousness to make profits or good deals all the time. And in the balancing of the universe, if there has been made a good deal, the opposite side encountered a bad one.

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He starts the video with the digital NFT which was sold for $69 million, and talks about few NFTs.

People should have paid some attention to the fact that celebs who promoted NFTs to create the hype got paid in $ instead of cryptocurrencies, either they are smart or their agents are smart.

You are saying exactly what jaaj said in his thread on porn and manifestation that porn is the problem and people are not the problem for getting addicted to it and I said the otherway around.

But here NFTs, cryptos are the problem because these are not regulated and again people are not supposed to create currencies that is not how gold coins, became silver, copper and then finally paper currency which is backed by gold in the treasury of a country.

For better or worse, US is the only country which encourages such dangerous scams in the name of promoting entrepreneurship, these are not my words but words of Nial Ferguson in his book Civilization. He even shows the yearly data of bankruptcies filed in US.

If it looks like scam, sounds like scam and only some people made a lot of money then definitely it is a scam.

I’m more interested in knowing who is or who are behind the Satoshi Nakamoto.

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Crypto is not a scam by itself but unfortunately some important actors acted wrongly with greed and scammed their clients.
But both crypto and blockchain are important technologies, blockchain even trascends cryptocurrencies.

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One of the original ideas of Bitcoin was to give it value by relating it to our DNA, for example (rich people have their DNA private, poor people get a basic income by sharing their DNA with companies/gov so they can profit from anything they get out of it).

Making up wars and creating such a bad situation for many.

No money is backed up anymore.

If you dont have energy, an army, or enslaving technology, your money is worthless.

If you create a self-sustaining community with their own currency (localized), they will take your “property”, declare war, take you to prison, or tax you to hell.

And local still seems more doable to me than decentralized.

But I think crypto could be a good thing if we take control of it. If it is for the rich and the government, then we are wrecked…they already are developing stuff to exploit blockchain for all the wrong reasons.

Maybe we should all live in boats and use the blockchain as our common ground xD

P.S: sorry for the rant, should be sleeping u.u

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Crypto is a scam and to make it work like a real currency, you need the involvement of government and a central bank to decide how much crypto should be made available to the public. Allowing only a fixed number of bitcoins for the entire planet forever and then telling it is a currency is very silly, poor economics.

I find a use case for NFTs, they are modern equivalent of modern art, yes those works of art which have nothing on canvas but rich people end up paying a lot, it is their money so no need for regulation. Just like how it is done through auctioning and brokers, NFTs can very well work like that.

Blockchain have lots of use cases unlike crypto but if left to public, and no one to regulate or decide people will end up making more mess than already exists. Why there are thousands of cryptos in the market in the first place is beyond my understanding, unless people want to scam some suckers?

This crypto scam then gifted us the ability of obtaining potentially more than 300 unique sapienmed NFTs, I am tbh really happy about it. Though I do tend to see the good in stuff most of the time

No doubt, Captain’s NFTs are revolutionary but the inherent design of NFTs has more downsides than upsides. I’m curious how this would all end, NFTs on a global level. I hope NFTs will be brought under regulation interms of companies that mint them and keeping a limit on daily NFT transactions to be taxed against carbon emissions.

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