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Comment by dewey | Hacker News Reader

They are YouTubers not auditors, even auditors have a hard time figuring out if companies are legit or not (Wirecard). Why would a YouTuber or influencer be able to do that task as a side thing when getting advertising deals?

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Maybe they should take advertising deals from reputable companies? And skip the scam coins? And here’s a hint, they are all scam coins. Promoting a crypto project is just a bad idea.

FTX was considered to be a very reputable company, Bernie Maddoff was a reputable money manager, Enron had quite the reputation, Boeing, VW, Theranos, SVB, etc...

Easy to say that you should only do business with reputable entities until you try and figure out who that is.

There’s no way the hawk tuah girl was running an illegitimate coin scam. The premise was so solid!

In this specific case it was obvious that Luna was based on dubious economics. It didn’t require auditor skills. Barely high school economics. If YouTubers are not blamed for promoting scams without appropriate disclaimers, the crypto industry will grow the wrong way. Making the promoters responsible for this would help legitimate projects.

I understand your point, but I still don't think "I couldn't tell whether this was bullshit or not but I got paid a lot to say it" should be a viable defence. Everything with a healthy dose of nuance in the real world though of course.

Please don’t hold me liable for spreading misinformation that I have no ability to verify but just trust me mkay!!!

Those poor little YouTubers get no sympathy from me.

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