Introspection: Real-time, Internet & Crypto Scams

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Scams and hacks are part of real-time and online schemes. Overtime, people have felt that being needy, being broke or not having a means are why people easily fall for schemes that are meant to steal from one, but this isn't completely true. One of the reasons why people fall for this scam is greed.

Originally, many wouldn't subconsciously see greed at work, what they project is the endless possibilities that comes with that prospective cash they'll make. In reality, authenticity is always at the back of people's mind before they fall for these schemes. Background checks are often conducted, if it's online, some of these websites are always checked to see how legit they are. Sometimes, these checks are not in-depth enough, the most important questions are not asked and the motive behind the scam is not questioned.

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Doubling Money < Motive

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First of, whenever I see a money doubling opportunity, the first question is, why? What's the motive? Sometimes the motive is always presented in a "give and take" situation, where it feels like both parties win equally, but then, how many of such money partnership is ready to share a 50/50 win? Even in real-time partnership, one party is looking to cheat the other, maximize their efforts and take the bigger share. Just take a look at what the big techs are doing. Facebook and Google.

The partnership with them and the myriad of user is established so that one party will continue monetizing the data of the other in a one way legit scam scheme. When you look at real-time maybe business partnership. Take a look at the banking sector for example, the major way to realize that a bank is legit is that they're always looking forward at roping you to tie your money in a scheme that might appear profitable on the surface, but when you do your research well, you'll discover it's a smart scheme to legitimately cheat you.

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Scam Alert: The Old Fashion Way

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Most of the time, motives reveals the intent of a venture. This is often paradoxical but actually true on the surface. I don't know about in other places, but in Nigeria, one way to raise scam alert is if a venture is trying to sell gains that are too good to be true, on the other hand when they're promising "fewer gains" for you and "more gains" for themselves then there's a sort of legitimacy vibe to the business. This is because naturally a scam would need to be promising for people to adopt it.

The selling point is always that attraction, which of course is the selling point. In fact, it feels like a real venture don't promise unrealistic value up prospective customers and even if they do, it'll only be at the beginning as it wouldn't even be sustainable. Network providers are always guilty of this. They give untrue incentives to prospective customers, while giving nothing to retain their already existing customers. They make a lot of money but all their packages and schemes are still meant to take more and give out less.

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So the concept of scam can be interpreted in so many formats nevertheless, the advent of the internet and the revolution of crypto has somehow set new rules. In the beginning, crypto felt totally unreal, more reasons why it didn't gain a lot of adoption in the early days. The internet was agog with scam back in the days when it was difficult for people to prove authentication through sophisticated research.

As time has gone on, we've come to terms with things like play2earn, DAO, creating contents for monetization, staking coins for lucrative APR bigger than what the banks might be promising. Due to this the mindset of many people towards money making has changed. In the past we related with the fact that money is difficult to make. While this is a economic construct, a sense of limitation carved by the existing system in different crypto, crypto seemed to have changed this mindset, through endless proofs.

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The Crypto Possibilities & Its Downsides

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However, in the midst of these possibilities, scams sells better because the internet has forestalled a sense of believability to most things that we would have initially doubted in the past. There are so many scams and hacks these days because we now believe that everything is possible with crypto. Truth is, I was checking the history of phishing on the blockchain and I realized that no matter how the alarm is sounded, people would still fall for them.

Without even looking at greed as the cause of this. Sometimes we tend to aggrandize monetization, while we can do something that feels like nothing and earn cash or money. This illusion of possibility is why people go to extra length to protect their crypto bags. We have seen a lot of exist scams with crypto projects that promised Mad ROIs, one of the reasons why people tend to believe on insane APR is that they feel anything is possible with crypto. Sometimes it's important to always double back when we're chasing gains While money isn't as difficult to make as it used to be, the process is still systemic and procedural.

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Interested in some more of my works?

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A Personal View Into The Meaning Of Spirituality (ecoTrain QOTW)

Why You Couldn't Create Good Contents In 2021, Why You Still Wouldn't In 2022.

A Psychoanalytic Dive Into Incentivized Loyalty

The Nigerian/African Disposition On Marriage As An Endowment

Living & Living Unintentionally (The Financial Repercussion)

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@Josediccus, your brother-in-pen & heart

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I'm hoping to reach more people who are broken at heart and spirit, so share on any platform or reblog

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