4 ms·

I have been following this , since the day squidgame launched and the marketcap was very very small, it was quite trivial to know this was a scam as laid out by

I have been following this , since the day squidgame launched and the marketcap was very very small, it was quite trivial to know this was a scam as laid out by its whitepaper itself, which specified how low the prescribed allowed sell amount was. Most people who are regular in this space , actively tried to spread the word out that its a scam and cautioned against buying it. Yet coinmarketcap and the likes kept promoting it in their trending list , it was trivial for coinmarketcap to check programmatically this was a scam. Given how much they make in terms of promotions and listing , they should have 100% checked the listing thoroughly before promoting it throughout the day in its trending list. Its simply a lack of ethics and corruption from companies like coinmarketcap , businessinsider , etc which actively promoted this scam without even researching it well.

nradov 5y ago
Do you realize how hilarious any mention of "ethics" or "corruption" in cryptocurrency is? It's all scams. I would have more sympathy for a meth addict who got ripped off by his dealer.
- teitoklien 5y ago
  I only meant ethics and corruption in terms of objective purpose of them. And not in general sense of it. For coinmarketcap that’s, To showcase crypto projects which have been seeing a lot of price action, while filtering out projects with unfeasible buy and sell restrictions. Ethics or corruption here, isn’t all about general morality, but rather being honest and actually providing the service they mention. After that, its on the speculator whether they want to get into a projects/scam.
- jrm4 5y ago
  It's absolutely correct that there is a ton of scamming going on and that the technology of crypto makes this easier than ever. Still, "It's all scams" strikes me as overly simplistic, partly because there is observably a great deal of effort in crypto that appears to be quite genuine.. ..but perhaps more to the point, the difference between amount of activity in crypto that is scammy v. amount of activity in literally all things money related that is scammy is not particularly huge.
bellyfullofbac 5y ago
Gotta love this bit: > Unfortunately, many of the articles published about SQUID failed to make it clear this token is not officially affiliated with Netflix — giving it a sheen of respectability that may have lulled investors into a false sense of security. So much blaming...

nradov 5y ago

Do you realize how hilarious any mention of "ethics" or "corruption" in cryptocurrency is? It's all scams. I would have more sympathy for a meth addict who got ripped off by his dealer.

teitoklien 5y ago
I only meant ethics and corruption in terms of objective purpose of them. And not in general sense of it. For coinmarketcap that’s, To showcase crypto projects which have been seeing a lot of price action, while filtering out projects with unfeasible buy and sell restrictions. Ethics or corruption here, isn’t all about general morality, but rather being honest and actually providing the service they mention. After that, its on the speculator whether they want to get into a projects/scam.
jrm4 5y ago
It's absolutely correct that there is a ton of scamming going on and that the technology of crypto makes this easier than ever. Still, "It's all scams" strikes me as overly simplistic, partly because there is observably a great deal of effort in crypto that appears to be quite genuine.. ..but perhaps more to the point, the difference between amount of activity in crypto that is scammy v. amount of activity in literally all things money related that is scammy is not particularly huge.

bellyfullofbac 5y ago

Gotta love this bit: > Unfortunately, many of the articles published about SQUID failed to make it clear this token is not officially affiliated with Netflix — giving it a sheen of respectability that may have lulled investors into a false sense of security. So much blaming...