Just like the crypto cults that came before, the central and often only argument I hear for why I should be excited or interested in any of this is "get in now and get rich now!" :agony-4horsemen:
Just like the crypto cults that came before, the central and often only argument I hear for why I should be excited or interested in any of this is "get in now and get rich now!" :agony-4horsemen:
This exact scam has been run several times, in the form of digital land, crypto coins, NFTs, art, collectables, weird financial instruments, etc.
I've even seen posts here mocking various incarnations of this scam.
You get a bunch of friends/sock puppets and a worthless asset.
They all sell and auction the asset back and forth to give the appearance of a strong market and increasing market value. Even better if you can get uncritical journalists to write about it.
Then some rube comes along and buys the asset from someone in on the scam. If he ever goes to sell, he'll find it impossible to sell to any of the accounts in on the scam as they only buy from eachother.
Oh god where might we find a nearly infinite supply of those? :deeper-sadness:
I get what you mean, but they're savvy enough not to write about drama within an MLM scam, I've never seen articles like "Here's 10 ways people are finding the best Nigerian Prince".