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That's a great way to get large amount of people who are interested in exploiting your site for profit while getting no genuine users whatsoever.

When I say create a website, I don't mean hire some fresh grads to write some basic crypto blockchain on top of reddit.

You of course need to design the system to be secure. You can do this in a number of ways.

What's your definition of a genuine user?

One that isn't a bot and isn't a scammer or spammer.