The start of the end for Substack...

Bitcoin "influencers" have entered the room.

I got this follow today, it is totally a bot, as the name is in brackets (that reeks of demo code that some lazy script kiddie failed to cleanly modify) and it is someone who has an “opportunity” for me.

And, if you dive into “her” activity (notes) you see things like this:

Yeah, this doesn’t feel scammy. Lemme check the chart…

Ayup, that is an ass-ton of money for one fake digital coin that totally isn’t a scam.

I understand why these late to the party scammers exist. They prey on people’s FOMO, they hear that this thingamajig coin is going to be the key to the future, and time is running out.

But look at that chart. In the last year it has grown from ~ $21K to now near $70K. Who wouldn’t want that opportunity?

Of course if you broaden the horizon, you see an asset class that looks a wee bit rockier:

Yeah, this is looking like the point where the insiders are looking to cash out, and to do that, they need suckers to buy their shitty faux-currency for fresh cash, leaving the n00bs holding the bag.

Do me a favor. Hold on to your money. Don’t be a bag holder when the rug is pulled. And whatever you do, be sure to read Molly White’s outstanding reporting and commentary on all things Crypto and Web3. Her newsletter is called [citation needed]¹, and she is just amazing.

Peace out!

1. Yeah, she is a fellow geek, and the brackets are part of the name.

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