Scammers:

• don’t tend to share any of their their source code
• usually have an initial token allocation where insiders are given early access to more than 15% of tokens. (this one is a CRUCIAL)…Obviously, the best ITA is one where the tokens are 100% available to everyone at once.
• heavily market their cryptocurrency before it even has a use-case (most projects fall into this category)
• their governance is centralized to some charismatic Elon-bro that talks about price all the time
• don’t let you use any wallet you want (self-sovereignty is CRUCIAL)
• don’t give you access to your keys at all times (again, self-sovereignty)
• are usually just some governance token or ERC-20 or some quickly minted Solana token ($LIBRA $TRUMP $MELANIA were all obvious scams)
• never have a viable peer-reviewed white paper
• their code is NEVER formally verified by neutral parties
• use technologies that are not auditable
• use technologies that are not decentralized

I’ve spotted many scammers a mile away just starting with this list off the top of my head.

For instance, I am the moderator of infosec.pub/c/midnight and actually locked my own communities until I see the source code.

I like the tech from what they tell me. But, I can’t, in good conscience recommend it yet because it ticks some of the above scammer boxes.

You: “If you won’t spend your whole weekend on your smart phone, writing a paper for me complete with MLA formatted bibliography, you are wrong.”

https://jamesclear.com/book-summaries/confessions-of-an-economic-hitman

https://youtu.be/XGudnwTN_to

Thanks. 😂 Honestly, I hate scammers. I really do. But they’re SO easy to spot.

I feel that the hivemind threw the baby out with the bathwater when it comes to crypto. Thanks to Do Kwan, Sam Bankman Fried, etc, a whole viable set of technologies aimed at wrestling power from the world bank has been vilified by the hivemind.

Yeah! How dare people try to have wealth that is actually borderless and self-sovereign. Those idiots are scammers! I will own nothing and be happy. Get out of my way, I need to step in line to bow before the Federal reserve (an organization that I fully admit is corrupt to the core and the very root of the issues in our society). I’m actually a Marxist living in a capitalist society. So, I am too cool to worry about the fact that I actually need money. I’ll just pretend that I don’t need it even though I REALLY do. I’ll do whatever I can to piss on viable alternatives to the Fed just because people were degenerate gamblers and got owned by obvious scammers. Sure the fed can take away my money for no reason, inflate the dollar so that my savings are worth less every single day, and do whatever they feel like with my money but that is a good thing because scammers exist in the world…

Instances could run stake pools and tie the two together somehow. Perhaps in this case, your username follows whatever pool you’re staking to.

It’s a solution look for a problem admittedly. It works better in the case that instances act as retail “clubs” like Costco for example. In that case, stakers to said pool could be authorized to get certain deals on products sold by that instance.