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319 ETH per acre. ($1mil USD today) I'm struggling to find a way to constructively criticize. Project aside, the video is not at all professional to a western

319 ETH per acre. ($1mil USD today) I'm struggling to find a way to constructively criticize. Project aside, the video is not at all professional to a western audience. (watch all of it, I dare you) It's stylistically tone-deaf for their target market, grift notwithstanding. Who decided that real estate investors need a cartoon? At least Fyre's promo content felt "cool."

repomies69 5y ago
Why not try your luck, some crypto ppl who have gotten recently rich might buy such shit.
Speednet 5y ago
I don't think I'd be so gentle. It is one of the most cringe-worthy things I've seen in quite some time. Makes the crypto space seem like it's entirely inhabited by morons and fools.
- walrus01 5y ago
  if your industry segment is populated with a theoretical 5 to 10% of vociferous morons and fools, it tends to paint everyone else with the same brush.
  - micromacrofoot 5y ago
    5-10% is very generous
- nvr219 5y ago
  Where's the lie
- zenkat 5y ago
  Wait, it's not a parody meant to mock the whole crypto/web3 space as a bunch of shameless pseudo-libertarian get-rich-quick hucksters? Poe's law strikes again!
perihelions 5y ago
It could be deliberate. An unprofessional pitch shrinks the buyer pool, but by repelling scam-savvy people it *concentrates* that pool with vulnerable people, increasing the conversion rate. This is useful if the scammers need to devote a lot of individualized attention on each target. HN had threads discussing this concept (in the context of 419 scams, I think); I don't remember how to find them. Those have enormous attrition rate between the initial contact, and the "walk into a bank and wire your life savings" step. edit: They discussed a Microsoft researcher's article about scam emails (thanks, walrus01): https://www.microsoft.com/en-us/research/publication/why-do-nigerian-scammers-say-they-are-from-nigeria/ https://www.microsoft.com/en-us/research/publication/why-do-... ("Why Do Nigerian Scammers Say They are From Nigeria?") [2012] https://hn.algolia.com/?query=why%20nigerian%20scammers&type=story https://hn.algolia.com/?query=why%20nigerian%20scammers&type...
- walrus01 5y ago
  I think you may be referring to the following: https://www.microsoft.com/en-us/research/publication/why-do-nigerian-scammers-say-they-are-from-nigeria/ https://www.microsoft.com/en-us/research/publication/why-do-... https://www.mentalfloss.com/article/82814/secretly-smart-reason-scam-emails-are-poorly-written https://www.mentalfloss.com/article/82814/secretly-smart-rea... by immediately weeding out the skeptical, they can focus their direct person-hours of communication back and forth labor setting up the scam on the most vulnerable and guillible.
  - perihelions 5y ago
    That's the one. The Cormac Herley / Microsoft article inspired lots of threads, https://hn.algolia.com/?query=why%20nigerian%20scammers&type=story https://hn.algolia.com/?query=why%20nigerian%20scammers&type...
  - mmahemoff 5y ago
    Applies to genuine ads too. Where there's any cost involved, it's important for ROI to disqualify non-customers at any stage of the funnel (aka avoiding false positives). e.g. if you're paying $100 per click to attract a specific demographic, you don't want to run an ad that's so intriguing any random visitor will click on it. Not only will you be charged $100 for a dead lead, you'll also be making your ads less favourable to the algorithm, thus driving up future costs and/or making your ads less likely to appear in future.
tcgv 5y ago
I watched all of it. The video quality is subpar indeed, and they claim it took one year to complete. Their "vision" is biased towards people that value "to party" and "to ostentate". It seems like a crypto funded thematic beach resort venture, possibly led by a team without real experience in the hospitality industry.
cuteboy19 5y ago
It's probably the same principle as email scammers. https://www.businessinsider.in/strategy/theres-a-reason-nigerian-scammers-are-so-obvious-in-their-emails/articleshow/35684768.cms https://www.businessinsider.in/strategy/theres-a-reason-nige...
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cunidev 5y ago
Reading this comment and opening the video, for the first 30 seconds I thought this was some real island that some rich fanatic bought and tried to resell to crypto folks. Turns out, it's just a plain old scam.

repomies69 5y ago

Why not try your luck, some crypto ppl who have gotten recently rich might buy such shit.

Speednet 5y ago

I don't think I'd be so gentle. It is one of the most cringe-worthy things I've seen in quite some time. Makes the crypto space seem like it's entirely inhabited by morons and fools.

walrus01 5y ago
if your industry segment is populated with a theoretical 5 to 10% of vociferous morons and fools, it tends to paint everyone else with the same brush.
- micromacrofoot 5y ago
  5-10% is very generous
nvr219 5y ago
Where's the lie
zenkat 5y ago
Wait, it's not a parody meant to mock the whole crypto/web3 space as a bunch of shameless pseudo-libertarian get-rich-quick hucksters? Poe's law strikes again!

perihelions 5y ago

It could be deliberate. An unprofessional pitch shrinks the buyer pool, but by repelling scam-savvy people it *concentrates* that pool with vulnerable people, increasing the conversion rate. This is useful if the scammers need to devote a lot of individualized attention on each target. HN had threads discussing this concept (in the context of 419 scams, I think); I don't remember how to find them. Those have enormous attrition rate between the initial contact, and the "walk into a bank and wire your life savings" step. edit: They discussed a Microsoft researcher's article about scam emails (thanks, walrus01): https://www.microsoft.com/en-us/research/publication/why-do-nigerian-scammers-say-they-are-from-nigeria/ https://www.microsoft.com/en-us/research/publication/why-do-... ("Why Do Nigerian Scammers Say They are From Nigeria?") [2012] https://hn.algolia.com/?query=why%20nigerian%20scammers&type=story https://hn.algolia.com/?query=why%20nigerian%20scammers&type...

walrus01 5y ago
I think you may be referring to the following: https://www.microsoft.com/en-us/research/publication/why-do-nigerian-scammers-say-they-are-from-nigeria/ https://www.microsoft.com/en-us/research/publication/why-do-... https://www.mentalfloss.com/article/82814/secretly-smart-reason-scam-emails-are-poorly-written https://www.mentalfloss.com/article/82814/secretly-smart-rea... by immediately weeding out the skeptical, they can focus their direct person-hours of communication back and forth labor setting up the scam on the most vulnerable and guillible.
- perihelions 5y ago
  That's the one. The Cormac Herley / Microsoft article inspired lots of threads, https://hn.algolia.com/?query=why%20nigerian%20scammers&type=story https://hn.algolia.com/?query=why%20nigerian%20scammers&type...
- mmahemoff 5y ago
  Applies to genuine ads too. Where there's any cost involved, it's important for ROI to disqualify non-customers at any stage of the funnel (aka avoiding false positives). e.g. if you're paying $100 per click to attract a specific demographic, you don't want to run an ad that's so intriguing any random visitor will click on it. Not only will you be charged $100 for a dead lead, you'll also be making your ads less favourable to the algorithm, thus driving up future costs and/or making your ads less likely to appear in future.

tcgv 5y ago

I watched all of it. The video quality is subpar indeed, and they claim it took one year to complete. Their "vision" is biased towards people that value "to party" and "to ostentate". It seems like a crypto funded thematic beach resort venture, possibly led by a team without real experience in the hospitality industry.

cuteboy19 5y ago

It's probably the same principle as email scammers. https://www.businessinsider.in/strategy/theres-a-reason-nigerian-scammers-are-so-obvious-in-their-emails/articleshow/35684768.cms https://www.businessinsider.in/strategy/theres-a-reason-nige...

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cunidev 5y ago

Reading this comment and opening the video, for the first 30 seconds I thought this was some real island that some rich fanatic bought and tried to resell to crypto folks. Turns out, it's just a plain old scam.