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0 pointslolinder1y ago0 comments

> 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.

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yieldcrv1y ago· 2 in thread

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

lolinderOP1y 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.

yieldcrv1y 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.

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