Podcast

Why is Crypto Full of Scams??

To the outside world, crypto is that corner of the internet where you go and lose money to scams and rugpulls. But Bankless readers know that’s not what we’re about.

Jan 14, 2023 • 1 min read

To the outside world, crypto is that corner of the internet where you go and lose money to scams and rugpulls. But Bankless readers know that’s not what we’re about. Bankless has a different vision for crypto: a new frontier, a digital world, built on free and open-source software, that allows us to exit from the Wall Street and Silicon Valley institutions that have captured the world we live in. Is crypto really just one big scam? Or is it the land of opportunity?

TIMESTAMPS

00:00 Intro

01:34 Concentric Circles

01:45 Core Devs

03:29 Crypto Believers

06:59 Grifters

09:27 Alex Mashinsky - Celsius

10:33 Daniel Sesta - Wonderland

11:21 Do Kwon - Terra

13:17 The Fight

14:17 Permissionless

15:05 What to do to fight the grifters

16:56 Tools to keep your crypto safe

18:53 Closing

RESOURCES

The Defiant
https://www.youtube.com/thedefiant

The Daily Gwei
https://www.youtube.com/c/TheDailyGwei

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

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