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Affiliates flock to scam gambling machine

(krebsonsecurity.com)
110 points mikhael | 8 comments | 30 Aug 25 22:24 UTC | HN request time: 0.226s | source | bottom
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ks2048 ◴[30 Aug 25 23:59 UTC] No.45079090[source]▶
There seems to be an analogous concept of the Second Law of Thermodynamics - everything in society will tend towards scams if not actively opposed.
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1. jsheard ◴[31 Aug 25 00:05 UTC] No.45079129[source]▶
This is like a fractal scam, you've got gambling against the house (already a scam) with crypto (so there's no regulators to stop them rigging the games) and then instead of waiting for statistics to take their course they just run away with everyone's money.
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2. Nextgrid ◴[31 Aug 25 00:32 UTC] No.45079267[source]▶
Don't forget the final dimension of the scam where they also scam the affiliates by doing a rug-pull. Scam-ception.
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3. noduerme ◴[31 Aug 25 00:59 UTC] No.45079404[source]▶
Gambling against the house is not in itself a scam as long as the games aren't rigged and the odds and payouts are as advertised. A game with negative EV is not a scam if it's entered into knowingly by a player.

For my money, games where people pay to win worthless digital goods are far more scammy than a fair game of Blackjack in Vegas where you actually might come out up.

The other aspects you mentioned are the scam.

4. bombcar ◴[31 Aug 25 01:48 UTC] No.45079613[source]▶
Once you realize that many scams are scams against those looking to scam others it all becomes clear.
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5. ronsor ◴[31 Aug 25 02:53 UTC] No.45079937{3}[source]▶
Then is it ethical to create a scam to scam people who are trying to scam others?
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6. beeflet ◴[31 Aug 25 03:03 UTC] No.45079996[source]▶
Ironic that crypto gives people the tools for provably fair gambling
7. quantummagic ◴[31 Aug 25 03:18 UTC] No.45080070{4}[source]▶
Enroll in my online course, to get the answer to that any many other questions.
8. bombcar ◴[31 Aug 25 03:55 UTC] No.45080248{4}[source]▶
That's what the scammers tell themselves; but those trying to scam are often not the smartest of the bunch, so you are taking advantage of them in some way.