Finally, someone's been combing the blockchain and calling out scammers on their BS. In doing so, software engineer Molly White managed to not only catalyse the downfall of the Cryptoland scams, but generally spread awareness about the dangers of 'Web3,' so scammers are less likely to indoctrinate more impressionable, would-be investors.
White is an avid Wikipedia contributor who's passionate about free and open knowledge and resources. The Byte(opens in new tab) pointed us to her blog, the awesome, satirically named 'Web3 is going just great(opens in new tab).' In it, she highlights the missteps, hacks, and dodgy work arising from Web3—a blockchain dominated 'new internet' for anyone unaware.
In fact, it's White who's been attributed to aiding in the downfall of the disturbing case of Cryptoland(opens in new tab)—the «world's first crypto island» marketed as a utopia for blockchain investors. The project poured millions into going physical but now appears to be inactive after a whole expose from White(opens in new tab) that caused a bunch of investors to jump ship. The Seychelles island they planned to take over is even back on the market(opens in new tab).
If you've a level of sympathy for the poor cryptodegens, remember: this is the same scam that when pressed on Twitter about what the age of consent would be on their magical blockchain island, the official Cryptoland account replied with "Mental maturity should be more than enough! ;)(opens in new tab)"
Sickening. Good riddance.
«Most of my disdain is reserved for the big players who are marketing this to a mainstream audience as though it’s an investment, often promising to be a ticket out of a really tough financial spot for people who don’t have many options,»
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