I wonder how many of these scams need to happen for people to realize this tech isn't a good idea unless you're the one ripping people off.

Do people need to see stronger negative associations than losing all of your money?

Maybe Bitcoin ads should be placed right next to vape pens and cigarettes in convenience stores for people to get the idea, or maybe by casinos?

Maybe Amway should come up with its own NFTs and start marketing to men, too?

Crypto.com was advertised incessantly during major Australian sporting games. Mainstream cryptocoin corporations have clearly targeted low-information consumers and it’s an indictment on our society that this advertising wasn’t regulated out of existence around 2018.

So many Australians are going to lose savings they really need. Thank god at least for superannuation, the actual wealth building project they should be throwing their money into.

I do wonder how this crypto implosion will impact inflation and the average consumer. Crypto continues to have a ginormous market cap of > 800B. But it's unclear how much of this is due to shady schemes and wash trading propping up the price. If crypto went down by 95%, what would happen to the economy? Would the ripple effects trigger another financial crisis? These are questions that it would be nice to not have to find out the answer to, but they may be answered soon anyway.

Crypto.com's CRO ponzicoin is in freefall: https://i.imgur.com/sJZBv5n.jpeg

https://twitter.com/MarioNawfal/status/1591853036208803840

Related: 400m from crypto.com was misplaced earlier this week.

This claim, while I agree, is so far based on nothing. Be careful making these statements.

If people are going to buy crypto they should just buy Bitcoin on the Cash App or Coinbase (ETH as well there). Everything else is likely going to zero.

With a bit of timing, this will implode in time for Re:invent. Last year Crypto.com had purchased a display across the entire front of Resorts World, something I can’t imagine was cheap!

I'm not sure that dude knows what confidentially means.

Serious question: the burn off in crypto should theoretically help with fiat inflation, correct? The Fed prints, and crypto evaporates.

Beautiful to observe this happening from a socio-economic complexity point of view.

It's not money any more, it's simply numbers on somebody else's computer. LOL