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by SenHeng
1598 days ago
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I used to work at one of those body shop contracting places. A few years ago, I heard that the boss managed to sell the company, presenting themselves as developing an in-house blockchain product. I asked around some ex-colleagues and as far as anyone knew, all they had were some fancy PowerPoint decks and a very rough implementation in PHP. After getting bought, everyone still continued doing the same old body work jobs, except now for the parent company’s other subsidiaries. The website still mentions blockchain. Fake it till you make it. |
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It wasn't like the investors were really even being scammed, because nobody could succinctly articulate why blockchain was better for these particular use cases in the first place. All I ever heard was some marketing speak that sounded like it was from a markov chain generator, but it apparently had the effect of hypnotizing investors so they'd add a few zeros to the end of their checks.