Tuesday, November 02, 2021

Scam Coins in Dublin

 There is an ad on Dublin bus for a scam crypto coin called Floki.


Floki is the name of Elon musk's dog. Though it has nothing actually to do with him. As Gizmodo put it "Cryptocurrency scammers often target fans of Elon Musk on Twitter, who seem to be some of the easiest marks on the planet". I am not linking to the Floki website or twitter here because that risks encouraging the scammers.

Many Ethereum, Bitcoin and even some stable coin fans actually believe in their utopian visions for cryptocurrency. And they could be right. This coin is just a scam though. I talked to the creators and all they could claim was selling NFTs and a game to earn coins was going to happen in the future. Which is like saying the pyramid that doesn't exist yet when put on their pyramid will make it valuable.

You've wasted years of your life sitting through the "you can lose money" warnings at the end of banking adverts. And yet when this crap is advertised without a warning? What is the point of advertising standards if this apocalyptically dumb scam is allowed to sit on the side of buses.