This lady is helping put cryptocurrency scams where they belong: in the bin – PC Gamer

This lady is helping put cryptocurrency scams where they belong: in the bin – PC Gamer

Blockchain Crypto Market Technology
June 2, 2022 by Coinvasity
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PC Gamer is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Here’s why you can trust us By Katie Wickens published 1 June 22 Her blog ‘Web 3 is going just great’ exposes the ‘predatory’ practices of cryptocurrency and NFT scams.Finally, someone’s been combing the
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Her blog ‘Web 3 is going just great’ exposes the ‘predatory’ practices of cryptocurrency and NFT scams.
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,” says White.Steam Deck with an image from Elden Ring overlayed on the screenSteam Deck review (opens in new tab): Our verdict on Valve’s handheld PC.
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White describes their actions as “very predatory,” and she’s gained a lot of media attention for calling these blockchain scams out.
We’ve seen the marketplace halting transactions due to rampant NFT counterfeiting (opens in new tab), and so many other stories that show the possible horrors of investing in the blockchain. And yet all this is amazingly still so prevalent. Even during the current cryptocurrency crash (opens in new tab), crypto mining energy usage has barely dropped (opens in new tab).
With people like White around, at least, more of these blockchain scams might start to deteriorate.
Her site even contains a ‘Grift Counter’ that keeps a tally of how much money has been lost to scams so far as you scroll down the timeline, so you can keep monetary tabs on the crypto-dystopia we’re creating for ourselves. Check it out if you fancy a cry.
Screw sports, Katie would rather watch Intel, AMD and Nvidia go at it. She can often be found admiring AI advancements, sighing over semiconductors, or gawping at the latest GPU upgrades. She’s been obsessed with computers and graphics since she was small, and took Game Art and Design up to Masters level at uni. Her thirst for absurd Raspberry Pi projects will never be sated, and she will stop at nothing to spread internet safety awareness—down with the hackers.
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