Unfortunately, cryptocurrencies, like any other novel element, are fertile ground for the development of pyramid schemes, also known as Ponzi schemes.
Taking advantage of people’s desire to get rich, making use of ignorance and the trend surrounding cryptocurrencies, and speaking a “crypto” language, many scam models appear.
To prevent this kind of thing, and additionally any other type of scheme to become a millionaire, I’m convinced that this tweet from Naval , which came to me through my friend Carlos , defines it all:
“There are no get rich quick schemes. That’s just someone else getting rich off you.”
There are no get rich quick schemes. That’s just someone else getting rich off you.
This link points out some fraudulent projects that make use of cryptocurrencies: https://www.criptonoticias.com/colecciones/conoce-5-supuestos-proyectos-criptomonedas-senalados-esquemas-piramidales/
Although I don’t know if it’s worth writing this, because one is always more predisposed to believe what they would like to be true.
Anyway. We live in an age where information abounds, and it costs nothing to check things before diving in.
Photo by simon peel on Unsplash