I would add:
- The person is on the spectrum and some kind of idiot savant.
I think people were hoping for #3 with SBF.
That’s the same as 2.
I disagree.
#2 is they are perfectly fine. You just cannot follow them.
#3 is they are Rain Man. They are not normal but they can wreck a blackjack table in Vegas.
Are you insulting people on the spectrum now?!
That’s not cool.
What?
Explain more.
You’re saying people are on the spectrum or “fine”, as if those are mutually exclusive.
Let me assure you, people can be geniuses and on the spectrum. You’re making a meaningless and frankly awful distinction between them.
What???
Crypto itself isn’t by its nature a scam, but it attracts a lot of scammers.
Tulip bulbs aren’t by themselves a scam. The products Amway sells aren’t by themselves a scam. People run scams around real estate all the time, but land is not a scam.
The scam is in the business arrangement.
They aren’t. I had a friend (well, okay, acquaintance that I would see on my ferry commute regularly) who wanted to sell me Amway. He started off by showing me all of the products, and I said they looked really good, and the prices weren’t bad, and I’d love to buy some things. But he said, no, I am not selling you these items, I want you to sell these items. Or even better, get other people to sign up. He had no interest in actually selling me any products.
That was the scam. As soon as I realized that the product wasn’t cereal and shampoo, but the product was me, I was out. I even told him as much. He understood and never brought it up again, but sheesh.
Then what legitimate use case justifies the line goes up?
It is scammers all the way down.
I had a friend who tried to rope me into a blue-green algae MLM. I pretty much dropped that friendship – we didn’t see each other much prior to her contacting me about this scam, er, product, so if she was only getting in touch to add me to her “gets” I don’t feel a need to keep in touch.
I agree, its market manipulation, just like the stock market. Or the price you have to pay for your drugs from your drug dealer just depends on what they think the market will bear.
But Crypto is not money, it is just a unit of exchange, and you can’t put it in your mouth or smoke it to get high. So it doesn’t even have the real value of dope. Money, at least here in the US, is based on some sort of guarantee to pay by the government. Nothing like this exists for crypto, it is just like going to Vegas and gambling. You could win real money if Crypto goes up or lose real money in Crypto if the bottom falls out.