[llanowarelves]

You're not wrong.

But those also aren't ponzi schemes offering 1000's of % APY based on convoluted multi-token staking schemes, minting, etc. that directly interact with money (as tokens) you send it, potentially breaking SEC rules because of what it means to be a money transmitter (low bar).

(Overall I'm talking about a bunch of tokens/dapps on Ethereum, not Ethereum itself, BTW.).

[mratsim]

You also have MLM and Ponzis with cash, stocks (pump and dumps), diamonds, art, fine wine, gold and jewellery.

Anything of values get its share of fakes, even dev shops.