Scams are much easier to pull off if the victims are desperate and I think it’s the golden age of scamming because people have gotten much more desperate as the

Scams are much easier to pull off if the victims are desperate and I think it’s the golden age of scamming because people have gotten much more desperate as the value of labour has been rapidly dropping compared to capital. Every day they see value of housing, stocks and cryptos skyrocketing while their wage remains stagnant. They don’t believe they could ever catch up and they feel obliged take riskier and stupid bets like stable coins. It also doesn’t help that they don’t trust sensible financial advice because those advocate investing in the old system that had failed them. Hence the “haters gonna hate” attitudes from some crypto dudes.