Dogecoin co-founder BillyM2k explains why crypto space is “full of scams”. $DOGE scams
back in 2013, and has left the project since then, has tweeted to share his opinion on why the cryptocurrency sphere is “full of scams”.
Despite leaving Dogecoin dev team, Markus, who is known as “Shibetoshi Nakamoto” on Twitter, tweets actively and regularly, commenting on DOGE and crypto sphere in general.Markus claims that the reason why scam often emerge in the crypto space is that the community is unable to control the space and clear it from scammers – “it does a horrible job of policing itself”.
Rather than go at scams and hunt scammers, the crypto space “enables scammers and defends the scammers”.This is down to the community’s “chronic behavior”, he tweeted, and so the crypto space “gets what it deserves”. i think the reason crypto is so full of scams and trash is it does a horrible job of policing itself.
instead of getting mad at scams, the space enables scammers and defends the scammers, no matter how obvious it is, through chronic bad behavior.