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I don't understand how someone could be tech-savvy enough to know about ETH and actually own some, while at the same time falling for such scams.

59nadir 7y ago
I would wager most of the people dealing in crypto currencies are actually precisely the kind of people that would fall for pretty much anything. I don't think it's a stretch to say that the fact that they deal in crypto currencies is actually a pretty good indication that they would.
- PhasmaFelis 7y ago
  "Dunning-Krugerrands"
- libria 7y ago
  I think you're conflating categories. Here's what I think: https://i.imgur.com/d4ocNXa.png https://i.imgur.com/d4ocNXa.png That is to say, gullible people are found everywhere but I don't think people inclined to fall for fraud are the same as get-rich-quick tech-heads.
  - trickstra 7y ago
    Responding by a Venn diagram, love it. More to the point - there is a significant number of people who started learning about computer security precisely because they got some cryptocurrencies. And frankly, if someone wants to really understand the details, it's hard to miss all the frequent warnings and examples of scams, hacks, leaks.
godzillabrennus 7y ago
The people speaking at events as experts on crypto mostly don’t know what they are doing.
barkingcat 7y ago
Almost all people who know about bitcoin and ETH are looking for that cheap buck.
mikeash 7y ago
Avoiding scams requires being people-savvy. Tech-savvy is unrelated.
MagicPropmaker 7y ago
I saw one of those fake Elon Musk posts in my stream and my first thought was "Wow! Is Elon pushing shady blockchain money things now?" It wasn't until a few seconds later that I realized there was no blue-check and it wasn't him....
27182818284 7y ago
It is a numbers game. It is basically free and if you get 1 in a million than hey that's money. Same with Nigerian email spam I suppose.
nkrisc 7y ago
These are probably the people who jumped on the hype train and bought at the previous peak.

59nadir 7y ago

I would wager most of the people dealing in crypto currencies are actually precisely the kind of people that would fall for pretty much anything. I don't think it's a stretch to say that the fact that they deal in crypto currencies is actually a pretty good indication that they would.

PhasmaFelis 7y ago
"Dunning-Krugerrands"
libria 7y ago
I think you're conflating categories. Here's what I think: https://i.imgur.com/d4ocNXa.png https://i.imgur.com/d4ocNXa.png That is to say, gullible people are found everywhere but I don't think people inclined to fall for fraud are the same as get-rich-quick tech-heads.
- trickstra 7y ago
  Responding by a Venn diagram, love it. More to the point - there is a significant number of people who started learning about computer security precisely because they got some cryptocurrencies. And frankly, if someone wants to really understand the details, it's hard to miss all the frequent warnings and examples of scams, hacks, leaks.

godzillabrennus 7y ago

The people speaking at events as experts on crypto mostly don’t know what they are doing.

barkingcat 7y ago

Almost all people who know about bitcoin and ETH are looking for that cheap buck.

mikeash 7y ago

Avoiding scams requires being people-savvy. Tech-savvy is unrelated.

MagicPropmaker 7y ago

I saw one of those fake Elon Musk posts in my stream and my first thought was "Wow! Is Elon pushing shady blockchain money things now?" It wasn't until a few seconds later that I realized there was no blue-check and it wasn't him....

27182818284 7y ago

It is a numbers game. It is basically free and if you get 1 in a million than hey that's money. Same with Nigerian email spam I suppose.

nkrisc 7y ago

These are probably the people who jumped on the hype train and bought at the previous peak.