Metakovan, the mystery Beeple art buyer, and his NFT/DeFi scheme

Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by Rule35 on Sunday March 14, 2021 @07:19PM (#26460534)

Yeah, but the crypto world is dominated by fraud. Things like Tether where they print billions of 100% unbacked tokens claiming they're backed and then use the money to wash-trade between exchanges all day.

Not to mention that centralized exchanges are an exit scam waiting to happen.

Most people could not participate in blockchain without dealing with a criminal onramp. (Bitfinex, for example.)

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Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by SwimSwimHungry on Sunday March 14, 2021 @10:35PM (#26462004)

And sadly, to your point Rule35, this is why I feel cryptocurrency will never transcend into a truly legitimate investment vehicle beyond gross speculation. There are too many charlatans tied to this industry and they are wide-eyed seeing all the possibilities to hoodwink people out of hard earned dollars whenever they can.

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Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by Rule35 on Sunday March 14, 2021 @11:37PM (#26462381)

If it ever becomes worth anything to the world as a whole it will be because decentralized tools finally took over.

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