In general, it depends. Some things are unique and maybe even fun and may be worth playing around. Just yesterday I was checking out the million dollar homepage. A project you would likely call a "money grab" but at the time was completely unique and a big deal. If you are not familiar with it, it was just some dude that sold 1 million pixels on a website for advertising for $1 each. It is stupid af, but was popular and people had fun. It's still around today. Another man's junk is another man's treasure sort of thing.
Now, if you are referring to scams and sleazy stuff, I am 100% against that stuff and will go out of my way to shut that shit down.
Got examples?
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I have a few buddies on there, it's funny cuz last week or maybe three now, @rishi556 and a few others in our group were talking about it.
I'm going to go ahead and refrain from naming any names, as I also have my own shitcoin (blokz SELF token) for project support when I get there, but I see so many that are just... Cringe.
I'm really starting to lose faith in the space, and just write the entirety of current blockchains as nothing more than get rich quick schemes.. I come from a very open source and open collaboration for the good of all type background, and what I'm seeing is just, maybe easiest described as exploitation of the well meant intentions of others...
Not to mention the "trust" that's being broken by devs who are stealing funds from projects they were trusted on, or putting exploit oriented code into public open source repos.. I'm rambling,... I don't know, a lot is at stake, both macro and micro...
Some of this is on purpose and some of this is just the road to hell is paved by good intentions.
Many people want to build a project but fail to deliver value, they are not specifically trying to scam people but they over estimate the value of what they are providing. On Hive, most everything boils down to assigning the inflation to someone else as it is very difficult to provide value without costs and most people don't want to pay out of pocket.
I think you can look at a lot of tokens and find this situation on and off Hive.
Crypto is truly the new Wild West, I mean someone is paying over $2M for a digital copy of Jack's first Tweet on Twitter. It doesn't get more ridiculous than that.
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Very true. Yea, I saw an article on the tweet madness and just shook my head. But I'm also one that's not sold on "image" and other NFTs... Ownership on the internet is a funny thing, since it was meant to be free and open. LoL.
Any identity based coins you follow?
thoughts on AI managed KYC? (No human interaction, just a bot saying someone is who they say they are) had that random idea recently and didn't bother to see if anyone is working in that space. Not that I'm a huge fan of kyc shit, but if we're aiming for mainstream, that needs to be a thing yea?
No
Think it has a lot of work to become mainstream.
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I remember how his page became so popular that everyone wanted his pixel 🤣 A genius!
Some people are lucky enough to earn a lot of money with the stupidest things, while there are many people, who are hardworking (not necessarily only on the internet, but in real life as well), and they make only a small amount of money monthly. How do you see this? What are you think about it?