Hi @chainyoda here. If you get scammed don't be embarrassed because you are an experienced pro. Scammers are sophisticated and can get the better of the best of us. We protect each other by sharing our experiences and we carry on. The price we pay for our sovereignty is worth it.
The Ethereum Foundation(@ethereumfndn) transferred 50,000 $ETH($132M) to EF: DeFi Multisig wallet 5 hours ago to participate in the DeFi ecosystem.
https://t.co/reD28w5q0w
Who in @zcash community wants to build an agent (runs inside TEE) that can take any asset, swaps it to ZEC via Intents and shields it and unshielded it later at a random time to move into a different address.
Needs to be fixed amounts and needs a pool that is constantly traded
I have a mental labelling system for crypto founders ranked by investability
- product guys
- tech guys
- hype guys
- research guys
- money guys
- scam guys
the most popular way of getting scammed via social engineering is angel/venture investing - but it doesn't hurt, it feels good
buying secondaries from founders and team is where this type of scam gets really big
Ranked feelbad list of onchain crypto accidents 😔
- getting hacked in social engineering
- big phat finger
- sim swap
- malware
- rug pull
- liquidation
- getting rugged of equity
- angel/vc lp
- liquid coins that go to zero
- expensive nfts and metaverse land
The good news is, Sahil now rugging at $15k-$20k. Nothing even getting close to Raydium. Probably near the end of the memecoin scam cycle. Good riddance.
Every bear market you'll hear "crypto is dead". And every bull market you'll hear no one needs verifiability and decentralisation.
Here's the typical journey I've observed for people in crypto:
1/ Discover Bitcoin. Get captivated by its core principles - decentralization, censorship resistance, and verifiability. The aha moment when you truly see its value.
2/ Find Ethereum or other execution L1s. Mind = blown. "Wait, we can program ANY logic with these same properties?"
3/ Reality check: Dive into building high-performance applications, face scaling limitations head-on.
4/ Compromise phase: Begin advocating for centralized, non-verifiable solutions in pursuit of performance.
5/ Bear market reality: When prices crash, conclude "crypto is dead" because most projects can't compete with Web2 alternatives on performance or utility.