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Have you ever seen The Music Man? Scamming small town rubes is a long American tradition, but in this case Silicon Valley has gone global with the music. I'm an
by boxmonster 5y ago
Have you ever seen The Music Man? Scamming small town rubes is a long American tradition, but in this case Silicon Valley has gone global with the music. I'm an honest person that doesn't like getting cheated so I can't run a scam, so my question is more a thought experiment. On the other hand, I dislike degenerate gamblers, so maybe I can persuade myself they deserve it. Sure, I could lose, but I'm pretty sure I'd be playing with the house.
- jazzyjackson 5y agoMost likely outcome: shell out thousands in gas fees to mint NFTs, no one buys. the scammer becomes the scammed and the house always wins. (The house in this case is the ETH chain and those miners/validators pocketing the fees) (Does eth burn the fees now? Thought I read something like that but it didn’t make sense, what is the incentive to run full nodes if not pocketing the fees?)
- Rastonbury 5y agoIf you are good at marketing, you can promise x10 gains from the special exclusive NFT you minted, trading your NFTs between yourself boosting the price and fool people who have no idea what market liquidity or bid/offer is, create self-interested evangelists through private discord groups who defend your NFT against anyone who calls it out, market manipulation has never been easier