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Comment by oefrha | Hacker News Reader

I had a look at the community feed thingy on the right-hand side of https://coinmarketcap.com/currencies/zerebro/, oh boy, never have I seen such a high concentration of scammers scamming each other in broad daylight. You'll find real gems like "Amazon" (shown as "Amazon" with Amazon logo, with the handle @nk1dfpb3fmjp conveniently hidden) announcing "the next era of digital transactions with the Am⁦az⁦on To⁦ken (AMZ⁦), a blockchain-based asset designed to revolutionize e-commerce". Highly amusing, 10/10.

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You must be new to crypto. This is standard operating procedure. These scammers are everywhere and they're hard to miss.

It's common to have fake or hacked youtube channels - often with hundreds of thousands of subscribers - branded as official channels, featuring deepfake videos and livestreams from tech ceos announcing these scam coins. There are fake comments under tech videos and fake accounts on twitter discussing scam coins.

> It's common to have fake or hacked youtube channels ... branded as official channels ... featuring deepfake videos and livestreams from tech ceos announcing these scam coins.

Inexplicably, X runs $Grok ads featuring fake Musk.

I don't know what I expected, but I sure was not ready for my eyes to bleed this much at this hour:

> Co⁦⁦⁦⁦i⁦nMar⁦ketCap is d⁦ropp⁦ing dia⁦monds, fa⁦m! This air⁦d⁦rop is rugproof, rea⁦dy to pump. Stack fr⁦ee ba⁦gs!

You missed the URL for that one:

> $ZEREBRO penispillreviews.com ⁦⁦⁦⁦ And yeah, that looks like an actual crypto website. This is bizarre. It's like they're rolling with the "we're totally a scam" angle.

I remember when I was working at this place making concrete walls our foreman was talking about getting into a MLM scheme, he said he knew it was MLM but because he was getting in early he would be one of the big earners.

So some suckers will fall harder if they know you're a scam, my theory.

That's 100% legit. Source: I *am* Amazon.

In all seriousness, when the topic of crypto is brought up, I feel angry at myself.

Back at the peak of crypto-hype, and NFT mania i had the gut feeling that this is all bullshit — even though I couldn't put my finger on why.

(And do you remember ICOs?? What was wrong with us??!!)

But seeing a lot of people around me — who are much more knowledgeable, and had way more experience and, most importantly, whose opinions I respected — embrace it, made me feel ashamed of myself for not being able to see the "obvious" value of crypto.

And while I didn't advocate for Blockchain, I feel that I wasn't vocal enough about its drawbacks.

Seeing now that the US government itself getting involved is very worrisome, and sad.

> Seeing now that the US government itself getting involved is very worrisome, and sad.

One reason this is worrisome is that crypto mining is 40% in the US and 45% between authoritarian countries of Russia, China, and North Korea. If they collaborate and get another 5% of the mining capacity, then they can destroy all of the value wrapped up in a given crypto. Wait until the US invests significant funds then make the investment worthless. Seems like US adversaries would be happy to invest many billions of dollars to have financial control of the US. And they only need the threat. The US investing in crypto cedes financial control of US currency to outside actors. And now they have the dipshit helping too.

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