Oh there’s a lot going on here - On the scam url side of things: Sam Altman runs Worldcoin which caught on in the developing world, in some regards, despite th

Oh there’s a lot going on here - On the scam url side of things: Sam Altman runs Worldcoin which caught on in the developing world, in some regards, despite the nonscam part of the product looking like a scam anyway. Worldcoin’s speculative value does move based on OpenAI news, not because people expect dividends or for a rich Sam to pump it, just because people want to. Developing nation sycophants are less discerning about urls. Developed nation sycophants exist too, or are lapsing in judgement at that time of day when it drops. On the token side of things: It has been incredibly lucrative to interact with projects without tokens. One of the main ways that tokens have been avoiding securities law issues since 2020 is to airdrop unpredictable amounts to users. What this means is that people who actually use the product or platform the most - with their funds and liquidity - get airdropped potentially disproportionate amounts of a potentially valuable token. They typically announce a “snapshot” date in the future, meaning that you have to get all your activity in early. VC backed projects are the main ones doing this, and it has been even more lucrative to try and sybil attack these, because all of your addresses get rewarded. People have earned millions of dollars worth of tokens, that, yes, they can immediately sell for millions of dollars. I probably made $80,000 from Uniswap airdrops in 2020, spending nothing and only using Uniswap for trading. Scammers can take advantage of that by making a vague site you have to interact with, that drains your wallet instead of providing a service or dispensing a token. I understand that all three of those possibilities are considered a scam to people skeptical of the crypto industry. Only the draining violates the social contract and it is useful to differentiate if you want anything different to happen.