Imagine being given 3 Billion ADA, with the 3 Billion ADA all you ship is a wallet in 8 years.
You then use this wallet to get 18% of Cardano's voting power by giving showing no other dReps other than your own. Without educating the user on what a dRep is, or what you'll even vote for. To delegate to any other dRep you had to have a 56 char hash from another website.
You then vibe code a closed source update. Ship it, resulting in millions lost from regular people.
Backlash comes, you say you will dereg your keys. But then still vote on spending treasury money. That's Emurgo. You literally can't make this shit up.
I've seen people make, and lose millions in crypto.
Easiest way to lose:
- Memecoins
- Pump fun, over 99% lose. Even sports betting has better odds
- NFTs
- Buying the latest thing an influencer is talking about
- Listening to influencers
- Trying to make money fast rather than dcaing into diversified macro plays over years
- Buying tokens that live on L1s.(Normally run by 5 25 year olds.)
- Using bridges, or holding bridged assets
- Buying fake/ratted hardware wallets
- Losing security phrases
- Using hot wallets
- Not knowing how to read TXs
- Not diversifying, going all in on one L1 where you have friends/community.
- Not buying BTC, and buying the chain they think will win.
- Keeping assets in exchanges
- Not selling when you're up a shit ton.
