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151 points jcartw | 1 comments | | HN request time: 0s | source
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blindriver ◴[] No.43315446[source]
I worked at a crypto company and left after I realized that 99% of crypto are scams. Either people get rugpulled or they get their wallets emptied by scammers, and I don't think Apple would have survived if the iPhone was a hotbed of scams. There's a tiny sliver of activity which isn't purely scams, like BTC or ETH but even then there's almost no real use case except the Greater Fool Theory, and I just don't think that's sustainable. I think at some point the entire industry is going to get rugpulled because there's still no inherent demand except selling it to someone else for more money.
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1. werdnapk ◴[] No.43315702[source]
Doesn't take working at a crypto company to realize 99% of crypto is a scam. Meme coins, ICOs and NFTs were the icing on the cake for me though.