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As a counterpoint it is very realistic. If you ever launch a token and run your own telegram channel, all sorts of specialists come out the woodwork with extrem

As a counterpoint it is very realistic. If you ever launch a token and run your own telegram channel, all sorts of specialists come out the woodwork with extremely convoluted schemes The sad thing is that the legitimate ones look just like the illegitimate ones My first top exchange listing was through a DM I’ve done partnerships with no name exchanges that turned out fine, also initiated over unsolicited DM been scammed a few times by people that didnt deliver, and had no intention to both the legit and illegit ones have no references because their clients are all other token projects whose community needs to feel everything happened organically scammers take advantage of this desire for secrecy it’s really just all about niche and specialization

lolinder 2y ago
> both the legit and illegit ones have no references because their clients are all other token projects whose community needs to feel everything happened organically I realize that you probably have no clue how this sounds, so I'm going to translate this sentence into how it sounds to those of us outside the crypto world: > Both the scammers-of-normal-people and the scammers-of-the-scammers have no references because their clients are all scammers who don't want their marks to know that it's a scam Please do correct me if I'm somehow misinterpreting the reason why it is so important to these "legit" contacts that secrecy be maintained lest their "community" find out.
- yieldcrv 2y ago
  Its not important and I didn't say the reasoning was good, you’ll just be hard pressed to get that level of validation from any provider until that intermediary space gets more regulated In the mean time there are a separate category of people that take advantage of that structure, resulting in a high cost low trust environment, where people are willing to take gambles anyway, as the upside is always additional liquidity
  - lolinder 2y ago
    I think you're missing my point, which is that in the middle of describing an environment where you can't be confident of anyone's honesty, you acknowledged that even the "legit" actors who aren't trying to scam you are trying to keep things a secret from their "community" so that it can appear to them that everything is happening organically. What that says to me is that you're in a community of scammers, so it's hard to tell the difference between someone who's out to scam you and someone who's just out to scam some plebs.
    - yieldcrv 2y ago
      I understood your point was that all participants including the token creators are scammers, and I didn't entertain you on it, shifting away from the semantics of that word as its an impossible standard for people that want to navigate that space There is more nuance to it than that. The exchanges themselves will revoke a listing if it leaks in advance, turning the entire community against the founders for failing to get a listing and the door to that exchange being closed forever. The founders dont want it to leak that they paid or merely engaged a consultant, as a well done marketing campaign and “organic” results are what attracts people. The consultants therefore wont reveal who they worked with. and even if they did the founders will deny. Many immature economies and sectors are like this. Crypto consultancy scams are not different enough for me to treat it differently.
      - lolinder 2y ago
        > shifting away from the semantics of that word as its an impossible standard for people that want to navigate that space It's not about semantics, it's about the facts of what you're describing: > The founders dont want it to leak that they paid or merely engaged a consultant, as a well done marketing campaign and “organic” results are what attracts people. This is fraud. It's probably fraud in the legal sense, but it's absolutely fraud in the ethical sense. "Organic" results attract people to a crypto project not just as some kind of personal preference, they attract people because a truly organic result is evidence of a project that isn't going to just be a money sink. Faking results in order to attract people is fraud (ask Elizabeth Holmes) and individuals who can persuade themselves that it's not will tend to be dishonest. You can't distinguish between the scammers and the "legit" consultants because you exist in a world where dishonesty is the norm. They're all behaving dishonestly, it's just difficult to tell which ones are out to get you.
smeej 2y ago
TFA isn't talking about a scam targeting creators of tokens. This is a scam targeting random people by text message who don't know enough about the crypto space to know what USDT is, but would somehow research and figure out how to jump through hoop after hoop to try to steal someone else's money.

lolinder 2y ago

> both the legit and illegit ones have no references because their clients are all other token projects whose community needs to feel everything happened organically I realize that you probably have no clue how this sounds, so I'm going to translate this sentence into how it sounds to those of us outside the crypto world: > Both the scammers-of-normal-people and the scammers-of-the-scammers have no references because their clients are all scammers who don't want their marks to know that it's a scam Please do correct me if I'm somehow misinterpreting the reason why it is so important to these "legit" contacts that secrecy be maintained lest their "community" find out.

yieldcrv 2y ago
Its not important and I didn't say the reasoning was good, you’ll just be hard pressed to get that level of validation from any provider until that intermediary space gets more regulated In the mean time there are a separate category of people that take advantage of that structure, resulting in a high cost low trust environment, where people are willing to take gambles anyway, as the upside is always additional liquidity
- lolinder 2y ago
  I think you're missing my point, which is that in the middle of describing an environment where you can't be confident of anyone's honesty, you acknowledged that even the "legit" actors who aren't trying to scam you are trying to keep things a secret from their "community" so that it can appear to them that everything is happening organically. What that says to me is that you're in a community of scammers, so it's hard to tell the difference between someone who's out to scam you and someone who's just out to scam some plebs.
  - yieldcrv 2y ago
    I understood your point was that all participants including the token creators are scammers, and I didn't entertain you on it, shifting away from the semantics of that word as its an impossible standard for people that want to navigate that space There is more nuance to it than that. The exchanges themselves will revoke a listing if it leaks in advance, turning the entire community against the founders for failing to get a listing and the door to that exchange being closed forever. The founders dont want it to leak that they paid or merely engaged a consultant, as a well done marketing campaign and “organic” results are what attracts people. The consultants therefore wont reveal who they worked with. and even if they did the founders will deny. Many immature economies and sectors are like this. Crypto consultancy scams are not different enough for me to treat it differently.
    - lolinder 2y ago
      > shifting away from the semantics of that word as its an impossible standard for people that want to navigate that space It's not about semantics, it's about the facts of what you're describing: > The founders dont want it to leak that they paid or merely engaged a consultant, as a well done marketing campaign and “organic” results are what attracts people. This is fraud. It's probably fraud in the legal sense, but it's absolutely fraud in the ethical sense. "Organic" results attract people to a crypto project not just as some kind of personal preference, they attract people because a truly organic result is evidence of a project that isn't going to just be a money sink. Faking results in order to attract people is fraud (ask Elizabeth Holmes) and individuals who can persuade themselves that it's not will tend to be dishonest. You can't distinguish between the scammers and the "legit" consultants because you exist in a world where dishonesty is the norm. They're all behaving dishonestly, it's just difficult to tell which ones are out to get you.

smeej 2y ago

TFA isn't talking about a scam targeting creators of tokens. This is a scam targeting random people by text message who don't know enough about the crypto space to know what USDT is, but would somehow research and figure out how to jump through hoop after hoop to try to steal someone else's money.