Why so many fake blockchain development projects everywhere?

In the last 2 months, I've encountered around 6 individual with questionable intentions who said they wanted to get blockchain development done.. And they were actually wallet drainers. It was quite disappointing...

Kryptoclues said:

In the last 2 months, I've encountered around 6 individual with questionable intentions who said they wanted to get blockchain development done.. And they were actually wallet drainers. It was quite disappointing...

Click to expand...

Money lol

That sounds frustrating; unfortunately, scams are common in blockchain spaces, and it's crucial to vet clients carefully.

That's probably due to the characteristics of blockchain.
Blockchain started out with the ideas of immutability and transparency, but it has since become more opaque.

Unfortunately these are the things that happen in the world of .....

GAMBLING

Quick money
Easy money
Cheap cost of entry
No intelligence needed to start
Websites, Art, Graphics, Templates CHEAP
They can be semi-intelligent and hire out everything on Fiverr
They can copy other websites White Papers
They can create fake teams with AI photos and fake IDs
They can create fake teams with AI photos
Aged social accounts can be purchased ...from ...somewhere ....
They can all hide behind anonymous LLCs (right now scammers are creating LLCs to be used
in cheating people 5 years from now)
Online tools create crypto coins for a tiny cost, no coding necessary
Exploits are everywhere. You can do everything right and still get robbed by coding errors

Stick with mined coins
Stick with coins from large companies

Buy crypto ? Your money is GONE. You are the "exit liquidity" for the suckers that bought the coins before you

Read my previous posts concerning what is needed to launch a real meme coin

Sincerely,

The Eye

easy money
stupid people everywhere
people are FOMO about everything
people are desperate for money
people think they can strike it big
people don't think
need more examples?

I know people that actually made it big with NFTs, but they are far and few between. If they're hiring you for development, make them pay upfront. If allowing to pay by crypto make it Bitcoin or ETH and charge a markup for not paying cash.

We only focus on the profits mate
Create the projects , fake investment funds , rug pull and repeat

I love crypto, I always will, but even hardcore crypto nerds will tell you 90% of the space is a total scam. It is just the truth.

xReminisce said:

easy money
stupid people everywhere
people are FOMO about everything
people are desperate for money
people think they can strike it big
people don't think
need more examples?

Click to expand...

Exactly
When there are opportunities of easy annon money at the expense of naive people, scammers will appear