[PragmaticPulp]

I honestly think a lot of the employees of these companies don’t know about the underlying fraud. The cryptocurrency world is full of rationalizations and illogical beliefs that make a lot of these businesses sound legitimate to the underinformed.

That said, I’ve had nothing but bad experiences with cryptocurrency obsessed hires and peers in the workplace. This got especially bad in 2022 when people’s portfolios were up and they all believed they were on the verge of retiring wealthy. There’s something about buying into the crypto dream that makes people think they’ve found a cheat code to financial freedom while the rest of us are stupidly working our jobs.

I’ve watched the same exact pattern play out with coworkers who bought into MLM schemes or self-help guru courses. These fantasies about breaking free from the world through “secret” financial instruments will always be attractive to some subset of people.

[gitanovic]

MLM and crypto scams do work... for some people, it's just a tiny minority and normally the vast majority pays for them

[grugagag]

Human psychology allows for these traps and while people eventually realize what are traps new ones emerge and the cycle continues. Too bad this whole phenomena takes away any benefit crypto could have brought