[ConfusedDog]

I remember being called to a dinner which was paid for (figures). A couple well-dressed but fashionable guys tried to sell a crypto that ask you play a mobile game or something to earn coins which can be converted into real crypto? or something like that. There were a couple people at the dinner I know being constantly fallen into this kind of traps, including MLM, despite their success in their businesses. Well, the dinner was good at least and I found them kind of entertaining in a mentally-ill way.

[tw04]

Let me guess, Axie Infinity?

It is indeed MLM at its worst, because in this case you don't even walk away with any useless (but at least tangible) goods.

[GaryNumanVevo]

Axie Infinity nearly drove my old coworker insane. He was convinced that it was the best economic uplift for people in the Philippines in decades. He had hired a team of 20 Filipinos to "farm" axies for him, paying pennies a day. Needless to say when Axie got hacked in 2022, he quickly stopped posting about it in the work slack.

[lossolo]

> despite their success in their businesses

It's interesting how often business success gets mistaken for general wisdom or street smarts. Just because someone built a profitable company doesn’t mean they’re immune to being naive or that their success wasn’t largely due to timing or luck. It’s a different skill set entirely to spot scams, especially the ones that are dressed up in just enough buzzwords to sound legit. Some people are great at one thing but totally blind in other areas of life.

[aurareturn]

  real crypto

Oxymoron right here.

[k__]

Whatever I can turn into paid rent is real for me.

[gosub100]

That you pay for in dollars/euros/other fiat

[k__]

Yes, but I can turn crypto into fiat no problem.