this-lady-is-helping-put-cryptocurrency-scams-where-they-belong:-in-the-bin

Finally, somebody’s been combing the blockchain and calling out scammers on their BS. In doing so, software program engineer Molly White managed to not solely catalyse the downfall of the Cryptoland scams, however typically unfold consciousness in regards to the risks of ‘Web3,’ so scammers are much less more likely to indoctrinate extra impressionable, would-be traders.

White is an avid Wikipedia contributor who’s captivated with free and open data and assets. The Byte pointed us to her weblog, the superior, satirically named ‘Web3 goes simply nice.’ In it, she highlights the missteps, hacks, and dodgy work arising from Web3—a blockchain dominated ‘new web’ for anybody unaware.

In reality, it is White who’s been attributed to aiding within the downfall of the disturbing case of Cryptoland—the “world’s first crypto island” marketed as a utopia for blockchain traders. The challenge poured hundreds of thousands into going bodily however now seems to be inactive after an entire expose from White that prompted a bunch of traders to leap ship. The Seychelles island they deliberate to take over is even again available on the market.

If you have a stage of sympathy for the poor cryptodegens, keep in mind: this is similar rip-off that when pressed on Twitter about what the age of consent can be on their magical blockchain island, the official Cryptoland account replied with “Mental maturity should be more than enough! ;)” 

Sickening. Good riddance.

“Most of my disdain is reserved for the big players who are marketing this to a mainstream audience as though it’s an investment, often promising to be a ticket out of a really tough financial spot for people who don’t have many options,” says White.

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White describes their actions as “very predatory,” and he or she’s gained a variety of media consideration for calling these blockchain scams out.

We’ve seen {the marketplace} halting transactions resulting from rampant NFT counterfeiting, and so many different tales that show the attainable horrors of investing within the blockchain. And but all that is amazingly nonetheless so prevalent. Even through the present cryptocurrency crash, crypto mining power utilization has barely dropped.

With individuals like White round, no less than, extra of those blockchain scams would possibly begin to deteriorate.

Her site even comprises a ‘Grift Counter’ that retains a tally of how a lot cash has been misplaced to scams as far as you scroll down the timeline, so you’ll be able to preserve financial tabs on the crypto-dystopia we’re creating for ourselves. Check it out in the event you fancy a cry.

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