Decentralized Deception (Crypto's Biggest Scams)
You know I always tell people that they should do their due diligence when it comes to investing especially if it's in the crypto space. Because cryptocurrencies are unregulated for the most part, it attracts the worlds best scammers who can easily get millions of dollars out here and get away with it.
The documentary I have posted below shows you just how some of these scams are carried out and many people have already fallen victim to them.
Easily one of the best cryptocurrency documentaries thus far especially because its one of the few good ones that actually show you the cons of cryptos. A lot of content on cryptocurrencies is very positive (and rightly so) but this makes it easier for new users to fall victim to anything associated with blockchain as I pointed out in my last post.
What do you think about this? Please let me know in the comments.
When I listen to that all I can think about is all the scammers and spammers on here taking off with huge sums of the rewards pool, mix that with those doing the same up voting themselves hundreds of dollars three, four, five times a day and it makes you wonder just how long the platform can withstand such tactics.
That is very true. It won't last very long if things continue on this route but I do have faith that more positive changes will be made as time goes on. Steemit is still in beta after all.