They aren't pure fraud. They are carbon credit web3 scams designed to digitize natural assets. They are considered legit too. They aren't rug pulls but efforts to put life of the poor on chain for evil intent. Create a monitoring state in the global south.

So in the future, JP Morgan can say "bad Farmer give me your land". There's many other examples of this outside the classic rug pull. It's a big bank takeover.

Thankful ETH works so badly nobody can scale or deploy

this so its mostly vaporware. PoS is legit useless from a compsci perspective. Its the worlds worst database and its NOT decentralized. Any serious programmer can see this when working on it.

ETH is Shit. Read simon elmer to learn more ahiht the evil of this shit climate agenda in Africa. I won't spend any more time discussing ETH here.

Source: wrote ETH code for a while and hated it