[herbst]

I can't really agree, sure it's bigger today than it ever was. But God did we see stupid shitcoin projects being pumped and dumped on the costs of naive early investors in the very beginning. No use case, no value, pure pump and dump shortly after litecoin they have been all over already.

Jumping about 3-4 years ago, just before NFTs became a thing and ETH transactions were still cheap there was a grace of the most simple, basic and stupid ponzi "games" the world has ever seen. "Buy color #24384, the next pays 150% of the price and you get 120% back" that often collapsed the same day, and as NFTs weren't a thing yet basically disappeared once the website went down. Yet people threw thousands of dollars at these games without asking questions.

Today's "bullshit" is much more sophisticated and usually doesn't collapse after only a few days, as well as is harder to see trough for naive investors.

But really I can't say it got worse, if anything these 'scams' have more winners because most 'investors' aren't that naive anymore.