> And not everything is scam, there are good projects.
I don't disagree, but at this point it has to be like 90% of crypto products are scams, and that number is still increasing. They're simply running out of people to scam. The 18-40 year old male demo can only lose so much on crypto and sports betting before they run out of money and credit. It's a giant ponzi that's losing it's legs. I'm sure it doesn't help that everything else is so expensive (housing), making these hail mary gambas more attractive, but the money will dry up regardless.
We need to stop telling people they will make money with crypto. It is akin telling people they will make money with PostgreSQL. In both cases, if they build a great business, they may become successful and make some money. But looking at crypto through the lens of becoming rich quick is flowed.
I don't disagree, but at this point it has to be like 90% of crypto products are scams, and that number is still increasing. They're simply running out of people to scam. The 18-40 year old male demo can only lose so much on crypto and sports betting before they run out of money and credit. It's a giant ponzi that's losing it's legs. I'm sure it doesn't help that everything else is so expensive (housing), making these hail mary gambas more attractive, but the money will dry up regardless.