One of the commmentors in the article: "Its important money to my family, my wife, my son." And you were willing to put it on a risky, highly speculative project, even if it wasn't a target for hacking.
Yes, the person who lost their money made a terrible, stupid mistake... but if you spend more than a moment in/around cryptocurrency projects, you will be sucked in to believing that _the old-world financial system is crumbling, the only way to secure your future is by investing everything into cryptocurrency_ and so "only invest what you can afford to lose" has an implied wink, "I'm only saying this because the old-world system will come for me if I don't!"
I have sympathy for the fool.
"I am always recommending people using burner but I was nervous and fomo the "Monkey Kingdom Mint. Never thought it was not a legit mint link in official discord."
Some people can't learn by theory. They have to learn by practice. FOMO isn't a mistake. That's just greed calling the shots.
The best way to learn how to control FOMO is to experience its consequences. The only question is how much tuition are you willing to pay. He paid a lot.
As the saying goes: Bulls make money. Bears make money. Pigs get slaughtered.
"A whole plate of SHITCOINS, son! Eat up!"
HN user comments on a simple phishing website that happens to use a blockchain, as an indictment of all the unrelated wallet developers, all the unrelated protocol developers, and all the unrelated consensus developers just because they never heard of the 5th largest cryptocurrency on the market before.
Surely they would conflate the entire internet infrastructure for any non-blockchain based phishing attack? Stay tuned!
On the other, you go on some website, click "enter app" and are prompted by a crappy pop-up to authorise the website spending all your money. And if it's Etherium, you have to pay like $50 just for the joy of doing that.
Here's hoping this is the peak — it seems to be, from my studies.
Is there a query, or would you like a chocolate chip raisin for being so good?
Until the Fed gets inflation under control (2-3 quarters, if not more), we'll still see plenty of retail money go into risky speculative instruments. Alchemy just raised a ton of money, OpenSea just raised a ton of money, YGG just raised a ton of money, Nike just acquired RTFKT, Ubisoft is doing gaming skins as NFTs. Why do you think this is the peak?
Because zkrollups are going to do what all the speculative coins do while claiming to have been adding value.
The final ⅓ of the technological adoption is here, there can't be as many degens trying to 300x coins if they just don't do that anywhere near as often anymore.