This is a roundtable conversation that originally aired live on Twitter exploring what makes and causes rug pulls in crypto, strategies for detecting and avoidance. This was intended to be open ended and explore one of the negative sides to crypto.
The Spaces delves into the complexities and prevalence of scams, highlighting key red flags to watch for in projects where the distinction between bad bets and outright fraud are more difficult in the evolving landscape surrounding crypto crimes. For example, the guys argue over the duality of individuals who may both build Dapps and scam users within the crypto ecosystem.
The discussion culminates in a debate about distinguishing between genuine failures and intentional scams. Insights on operational security, consumer protection, and the historical context of financial scams are also discussed.
Guests:
Hosts:
Fly You Fools, Fool in residence at a cybernetic research lab
Kyle, Co-Founder of C3 & Editor of DCN
Patrick, Co-Founder of C3 & Contributor to DCN
Find the Original Recording here:
https://x.com/i/spaces/1nAKEgDnwkeJL
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! WE ARE NOT EXPERTS! WE DO NOT GUARANTEE A PARTICULAR OUTCOME. WE HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT!
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